Wednesday, March 25, 2009

Economics 101 for Poor Folk (Video)

Hon. James David Manning, PhD explains that when Obama taxes the rich, the rich will tax the poor. This message was preached on Monday, 23 March 2009. Dr. Manning says, "Obama is betting on the fact that Obama is betting on the fact that y'all don't have any idea what he's talking about." Manning talks straight, explaining how higher taxes "on the rich" only hurt the poor because the rich are able to pass it on simply by raising the prices on the goods and services they sell. The poor man, the renter, says Manning, has nothing to sell, and therefore no way to recover the taxes he has to shell out. A powerful, powerful video presentation. "You poor people gonna pay these taxes!" he says, "What's wrong with y'all! What's wrong with you all? Don't you know every time Obama raises taxes on the rich, the rich raises taxes on the poor?! You, the poor man, and you need to know it." For more videos by Dr. Manning, see his YouTube site. Chicago News Bench RSS Feed Cool Stuff...