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Tax the Rich? Why More Is Not Enough | Response to PragerU & The Daily Wire

Do the rich pay too much tax? How did rich members of the capitalist class get rich in the first place? What is surplus value extraction? And most importantly, what color is the Swedish flag? A response to two videos: “Do the Rich Pay Their Fair Share?” by Lee Ohanian and PragerU (Prager University) and “New Yorkers SHOCKED To Learn THE TRUTH About Tax Rates In America” by Ami Horowitz and The Daily Wire Both videos attempt to persuade us that rich Americans pay an unfairly high portion of the tax revenue, or at least pay enough already and should not be taxed any higher. The complaint that the rich pay too much tax sounds laughably absurd to most people, but many change their mind after hearing the “facts” presented in these videos. That's how people react in the street interviews that Ami Horowitz conducts in The Daily Wire video: a rapid and total change of opinion. In this response video I will 1. Show that PragerU and The Daily Wire distort and misrepresent the facts to exaggerate how much tax the rich (or, more specifically, those making an income that places them in the top one percent and top ten percent) actually pay. 2. Acknowledge that a large portion of tax revenue is paid by the rich 3. Critically examine the argument that most liberals make to justify this: “Those who can afford more should pay more.” 4. Assert that this liberal argument is flawed, because it implicitly accepts the false notion that the rich subsidize and support the rest of us. 5. Make the case that the opposite is true, at least when it comes to rich capitalists, who are the majority of the rich. I contend that it's the working-class who support and subsidize the rich, because it is the working-class who produce their wealth. In the next video, the sequel to this one, I will address the question: Do rich people who are not capitalists pay too much tax? As in this video, I will be approaching the question from a socialist perspective. This sequel video (part 2) will be released within a week of this video (part 1). ====================================================================== Would you like to help me and my channel? You can if you: like, comment, subscribe, hit the bell to turn on all notifications, and please also tell people about my channel. And if you think this video has an important message, help spread it by sharing the video. Thank you! ====================================================================== 0:00 Intro 0:34 What the videos say 3:21 What the videos get wrong 9:10 Anti-capitalist perspective 16:00 New question 17:08 Outro Say hi to me on twitter:   / 1luckyblackcat   ►►Check out some of my other videos◄◄ ► Why Capitalism Doesn't Work: Response to PragerU    • Видео   ► "Socialism Is Selfish" says Multi-Millionaire Andy Puzder    • The Capitalist Propaganda of Multi-Mi...   ► BLAMING THE POOR: Poverty as Punishment    • BLAMING THE POOR: Poverty as Punishme...   ► Where's the Proof of Racism? (Presenting Evidence)    • Where's the Proof of Racism? (It's in...   ► Playlist    • LuckyBlackCat Videos   SOURCES “Do the Rich Pay Their Fair Share?” Lee Ohanian (PragerU / Prager University)    • Do the Rich Pay Their Fair Share? | 5...   “New Yorkers SHOCKED To Learn THE TRUTH About Tax Rates In America” Ami Horowitz (The Daily Wire)    • New Yorkers SHOCKED To Learn THE TRUT...   “Who pays the lowest taxes in the US” (Vox)    • Who pays the lowest taxes in the US?   Statistics that top 1% of Americans pay 12 to 13 percent of all taxes and top 10% pay about 42% of all taxes: https://taxjusticenow.org/#/#makeYourOwnTaxPlan • TaxJusticeNow.org is created by Emmanuel Saez and Gabriel Zucman, both Economics Professors at University of California, Berkeley. • It uses data from the IRS (Internal Revenue Service) of the US Federal Government. • The website doesn’t have these statistics but it has the data that allowed me to make these calculations. Feel free to go check my math. • My calculations were made in January 2021. MUSIC CREDITS Lil Skies Drum Loop (Jasx on da track) live-perc-125-15_125bpm (wladymeer) samplefocus.com Earthly Destiny (Sir Cubworth) Sad meme romance VIDEO CLIPS & VISUAL CREDITS Angry German Kid Jeff Bezos Wikimedia Commons (Len Edgerly) https://creativecommons.org/licenses/... KEYWORD SEARCH TERMS “Do the Rich Pay Their Fair Share?”, tax, taxes, taxing, rich, PragerU, Lee Ohanian, Prager, Prager University, The Daily Wire, Ami Horowitz, response video, debunked, debunking, capitalism, surplus value, exploitation, working class, capitalist class, top one percent, top ten percent, video essay, LuckyBlackCat, Lucky Black Cat ► My YouTube channel means the world to me. I long for a world where we maximize wellbeing rather than maximize profit, and this channel is my attempt to contribute to our creating this brighter future. Any support you can give sharing videos or telling people about my channel is greatly appreciated.