The Zero-income-tax-rate States Have Far Faster Growth

Let Me Just Try To Give You Sort Of The Intuitive One Here On The Stimulus Funds. If You Have A Two-person Economy - Let's Imagine We Have Two Farms, And That's The Whole World, Just Two Farms. If One Of Those Farmers Gets Unemployment Benefits, Who Do You Think Pays For Him? Am I Going Way Over Your Heads Today?

The Income Effects In An Economy Always Sum To Zero.

There Are 11 States In The United States That In The Last 50 Years Instituted An Income Tax. So I Looked At Each Of Those 11 States Over The Last 50 Years, And I Took Their Current Economic Metrics And Their Metrics For The Five Years Before They Put In The Progressive Income Tax... Every Single State That Introduced A Progressive Income Tax Has Declined As An Overall Share Of The U.s. Economy.

I Mean, Everyone Agrees With Stress Tests For Banks. I Mean That's Clear. But Banks Should Do That On Their Own. And They Should Worry About Their Own Capital Functioning. That's What They Should Do. It Shouldn't Be A Government Function.

You Know, Without China There Is No Wal-mart And Without Wal-mart There Is No Middle Class And Lower Class Prosperity In The United States.