Hannity: Tax Cuts Will Create Helicopter Building Jobs

SEAN HANNITY IS OF COURSE DEFENDING DONALD TRUMP'S PLAN TO
CUT TAXES HOWEVER HE'S A LITTLE CONCERNED WHEN DONALD TRUMP
MAKES STATEMENTS INDICATING THAT HE WILL NOT CUT TAXES FOR THE
WEALTHY, ONLY THE MIDDLE AND WORKING CLASS SO IN THE NEXT
SEGMENT, HE MAKES THE CASE FOR WHY IT IS IMPORTANT TO CUT
TAXES FOR THE RICHEST AMERICANS.
TAKE A LOOK.
HE CAN'T GET TRAPPED INTO THIS OLD THINKING MENTALITY.
REAGAN/THE TOP MARGINAL RATE IN THE COURSE OF HIS PRESIDENCY
FROM 70 TO 28%.
REVENUES TO THE GOVERNMENT ñ 20 MILLION NEW JOBS
WERE CREATED AND THAT WAS AFTER THE 82 RECESSION.
HE NEEDED
SOME TIME TO GET THIS THRIVING AND IT WORKED.
IT IS SIMPLE
ECONOMICS BECAUSE THOSE MULTINATIONALS, THOSE
CORPORATIONS, QUOTE RICH PEOPLE, WHAT THEY'RE GOING TO DO IS IN
OF SPENDING MONEY BUYING BOTH AND AS GERALDO SAID YESTERDAY,
BUT HELICOPTER AFTER THE REAGAN TAX CUTS BUT THAT KEEPS PEOPLE
WORKING.
WHAT?
SO GERALDO BUYING A HELICOPTER KEEPS PEOPLE WORKING?
THIS IS A PREPOSTEROUS ARGUMENT TO ANY RATIONAL PERSON BUT IT
REALLY DOES WORK WITH THE RIGHT WING.
THEY GO YEAH, ALL THE
YACHT MAKERS.
ALL THE YACHT MAKERS ARE IN BUSINESS.
THE
HELICOPTER MAKERS ARE MAKING MONEY HAND OVER FIST EMPLOYEE
PEOPLE.
THAT IS A MINUSCULE PERCENTAGE OF THE ECONOMY.
SO
RICH PEOPLE GET MONEY AND IT'S NOT TO SAY, LOOK, WE DEFINED A
RATIONAL PLACE WHERE TAXES SHOULD BE, YOU CAN TAX THE RICH
TO INFINITY.
WE HAD TO FIND THE RIGHT BALANCE OF YOU SAY, I'M
GOING TO GIVE MORE TAX CUTS TO THE RICH IS SEAN HANNITY'S
ARGUING FOR THEIR BECAUSE THEY WILL SPEND A TINY PERCENTAGE OF
THAT ONE YACHT'S AND HELICOPTERS.
BUT WHERE THEY PUT MOST OF THE MONEY?
THEY SAVE IT.
NOTHING WRONG WITH THAT, THAT IS RATIONAL BUT
THAT DOES NOT GO BACK INTO THE ECONOMY.
WHEREAS IF YOU GET
WEATHERED TAX CUTS, SOME SUBSIDIES ETC.
TO THE MIDDLE
CAST WHICH THEY DON'T DO ALMOST ALL THE TAX CUTS PROPOSED FOR
THE TRIP ADMINISTRATION GOES TO THE RICH AND MULTI NATIONAL
CORPORATIONS.
YOU ARE GETTING A PAYROLL TAX CUT?
KNOW YOU ARE NOT THAT FOR THE MIDDLE CLASS AND ALL THEY HAVE
DONE IS INCREASE THE PAYROLL TAX BECAUSE THEY WANT TO SHIFT THE
TAX ON TO YOU.
IF YOU GAVE IN TERMS OF WHETHER THE GOVERNMENT
DOING OR YOU INCREASE MINIMUM WAGE AND THAT WINDS UP ALLOWING
PEOPLE WHO ARE WORKING HARD TO MAKE MORE MONEY.
IF YOU ARE
POOR OR MIDDLE-CLASS, THE EXTRA MONEY YOU GET YOU HAVE TO SPEND
ALMOST ALL OF IT.
I WOULD LOVE YOU TO BE ABLE TO SAVE BUT A LOT
OF THIS LOOKS ARE NOT IN THE POSITION TO SAVE SO THEY SPEND
IT ON FOOD, BOOKS, SHELTER, CLOTHING, ETC.
WHAT IS I DO?
BECAUSE LIKE INTO THE ECONOMY AND IT RECIRCULATES THAT IT
ACTUALLY CREATES A STRONGER AND STRONGER ECONOMY.
THE
COUNTERARGUMENT THAT IT WILL BUILD ENOUGH YACHTS FOR THE RICH
TO IMPROVE THE ECONOMY IS LAUGHABLE AND PREPOSTEROUS.
NO
ECONOMIST IN THEIR RIGHT MIND WOULD EVER THINK THAT IF THEY
WERE NOT PAID TO THINK THAT I'VE THERE WORN THINK TANKS FUNDED BY
BILLIONAIRES TO COME UP WITH REPORTS ESSAY ALL YEAH, GODS.
THEY GOT INDUSTRY IS GIGANTIC.
OF COURSE THAT WILL CREATE ALL
THE JOBS WE NEED.
CAN I JUST SAY, THIS IS THE SAME KIND OF LOGIC OF, SO, IF
I'M IN A CAR THAT GOES OFF A CLIFF RIGHT BEFORE IT HITS THE
GROUND, I WILL JUST JUMP UP.
AS A MAKE ANY SENSE.
IT DOESN'T
WORK BUT IT SOUNDS LIKE IT MAKES SENSE WHEN HE FIRST AIRED IF YOU
DON'T THINK ABOUT IT.
WHEN SEAN HANNITY IS BASICALLY GIVING US
IS THE RATIONALE FOR TRICKLE-DOWN ECONOMICS AND WHAT
THAT IS, IS YOU GIVE ALL THIS MONEY TO THE RICHEST GUY IN THE
COUNTRY AND THEN HE IS GOING TO SPEND SO MUCH OF IT THAT HE WILL
EMPLOY ALL OF US BUT THAT IS NOT HOW IT WORKS.
1ST OF ALL AS A JOHNNY POINTS OUT IT'S LIKE CAN I HAVE A
TRICKLE OF YOUR WEALTH?
THAT'S WHAT, TURNS THE REST OF US INTO, PEOPLE ARE BEGGING RICH
PEOPLE TO SPEND THE MONEY BUT THEY DON'T BECAUSE IF YOU GO
WATCH THE BANDITS HAD TALK FROM THE MILLIONAIRE, HE TELLS YOU
THAT THEY CAN'T BUY ALL OF THE STUFF THAT JUMPSTART THE
ECONOMY.
THEY CAN ONLY BUY SO MANY CARS, JEANS, HOUSES.
TO
TAKE A LOT OF THAT MONEY AND PUT IN SAVINGS OR OFFSHORE AND THEY
PUT IN TAX HAVENS SO IT NEVER GOES BACK INTO THE ECONOMY.
INTRICATE TRICKLE-DOWN ECONOMICS WORKS, THE MIDDLE CLASS IN
AMERICA WOULD BE THE RICHEST PEOPLE IN THE WORLD RIGHT NOW
BECAUSE ALL THE GAINS OF THE ECONOMIES, THE RECOVERY FROM
THIS ECONOMY IN 2008 WENT TO THE UPPER 1% GUESS WHAT CAUSED THAT
WE OF THE BIGGEST INCOME INEQUALITY SINCE BEFORE THE
GILDED AGE SO TRICKLE-DOWN ECONOMICS ACTUALLY WORKED WE
WOULD ALL BE DOING GREAT.
THE FACT THAT HALF THE COUNTRY IS
POOR OR LOW INCOME, 50% OF ALL WAGE EARNERS EARN LESS THAN
30,000 A YEAR IT SHOWS YOU THAT TRICKLE-DOWN ECONOMICS IS JUST A
FANTASY THOUGHT UP BY GUYS LIKE SEAN HANNITY AND PRICKS IN
THINK TANKS AND IT DOESN'T WORK AT ALL.
THEY GOT THEIR WISH.
THEY GOT GEORGE W.
BUSH AND HE DID TRICKLE-DOWN ECONOMICS.
HE DID MASSIVE TAX CUTS AND WHAT HAPPENED?
THEY CRASHED THE ECONOMY AND RIGHT BEFORE HE LEFT IT COST US
1 MILLION JOBS.
IT DIDN'T CREATE JOBS, IT DESTROYED THEM.
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Hannity: Tax Cuts Will Create Helicopter Building Jobs

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