OBAMANOMICS EXPLAINED: Spreading the Wealth

November 29th, 2009 | by admin |

Penn and Teller explain President Obama’s economic policy. http://www.LibertyPen.com

Duration : 0:1:56


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  1. 25 Responses to “OBAMANOMICS EXPLAINED: Spreading the Wealth”

  2. By Basaltq on Nov 29, 2009 | Reply

    You are partly …
    You are partly correct. It’s easy to point out it’s just faith and doesn’t make sense. But the same doesn’t apply if for example you want to argue that progressive taxing is not the right way to go, you can’t just say “I’m giving money to me” and think that solves the problem. And me being libertarian or not has nothing to do with the issue, that’s elementary.

  3. By Calhounism on Nov 29, 2009 | Reply

    How do you debunk …
    How do you debunk religion when the scientific method cannot test it?
    Its about faith, and you seem to have faith in big government. So, how ever you debunked religion maybe you should apply it on the government and obama and then conclude that obama can be debunked.

  4. By vedasisme on Nov 29, 2009 | Reply

    It’s a very simple …
    It’s a very simple analogy, so simple I feel like I’m being talked down to.

  5. By Basaltq on Nov 29, 2009 | Reply

    This was one of the …
    This was one of the more disappointing episodes from Pen & Teller, without any real depth. It’s easy to debunk religion, but you can’t dismiss taxes so lightheartedly.

  6. By crookedtimber9 on Nov 29, 2009 | Reply

    As LibertyPen …
    As LibertyPen correctly pointed out, it is not the middle nor the working class that supports the welfare state; it is clearly those at the top end of the economic spectrum. And we end up subsidizing those things which the government claims to want to end: poverty, unemployment, personal failure, etc.

    The fact is that the large central-command economy necessary for a welfare and regulatory state works AGAINST the middle class. Libertarians are pro-markets, not pro-corporatism.

  7. By LibertyPen on Nov 29, 2009 | Reply

    FACT: The …
    FACT: The wealthiest one percent pay 40% of all federal income taxes collected. The bottom 50% either pay no federal income tax or actually RECEIVE money through the tax system. Class warfare may be good politics, but it is poor economics.

  8. By thoserandomaussies on Nov 29, 2009 | Reply

    I can’t believe how …
    I can’t believe how many stupid people there are here.

    The rich are not the ones who are providing for the welfare state, it’s the middle class. The rich get extraordinary tax breaks in business and investment, but the middle class do not. Therefore, the majority of taxes are middle class provident.

    What would you do if you lost a leg tomorrow and couldn’t ever work again? Welfare or live off nothing? There are benefits to the system, it’s not just people chewing taxes who are on it.

  9. By Wraith23 on Nov 29, 2009 | Reply

    Dont make the …
    Dont make the generalization fallacy of assuming what other people “think” what socialism is outside the US.

    There is no socialism in Europe or Canada but social-democracy, not marxist, and the libertarian free market ideas have been winning a lot of support in Europe lately.

    For example Sweeden now is governed by a libertarian coalition of parties in favor of individual liberty and free markets.

  10. By Wraith23 on Nov 29, 2009 | Reply

    Yes, the “fat git” …
    Yes, the “fat git” is the state and it always wants more money for “the poor”, combined with a little class struggle rhetoric and voila: socialist bullshit.

  11. By TheProtomartyr on Nov 29, 2009 | Reply

    Yeah, basically …
    Yeah, basically that’s what happens with welfare. You have the government taking money away from productive individuals and subsidizing the very social ails they claim to want to cure. Our current welfare system, in essence, subsidizes unemployment and poverty and makes individuals who otherwise would be productive, income-earning citizens wards of the state — dependent and helpless without the government. Its not only bad for the economy, but for those who supposedly “benefit.”

  12. By stealthswimmer on Nov 29, 2009 | Reply

    Actually this is …
    Actually this is exactly how welfare works…except the money is filtered through government bureaucrats so by the time the money gets to the people who need it, hardly any of it is left. There’s nothing wrong with charity but there is something wrong with using violence to steal from people to give to others…ESPECIALLY if such a program doesn’t even help the people it’s intended to help. Private charity is more efficient if you want to actually help poor people.

  13. By thegoodjohn on Nov 29, 2009 | Reply

    A beautiful display …
    A beautiful display of libertarian stupidity. Does anyone honestly believe that the taxation of the rich in order to provide the poor with welfare is equivalent to feeding the mass consumption of some fat git? That the person who is truly maltreated is the person who begins as the wealthiest, often for reasons beyond justification? The process of reasoning, misused, leads to the equivacation of reality with the most extreme absurdities.

  14. By boomqeda on Nov 29, 2009 | Reply

    joe the plummer is …
    joe the plummer is stupid because chris mathews said so

    im kiding chris mathews is a fucktard

  15. By fomastephanovitch on Nov 29, 2009 | Reply

    All Palin has to do …
    All Palin has to do now is sit back and wait…

  16. By nilbud on Nov 29, 2009 | Reply

    Good boy, now take …
    Good boy, now take your nap you must be exhausted.

  17. By GoBucks2828 on Nov 29, 2009 | Reply

    Really twice? …
    Really twice? Congrats you can count. Now you can go off.

    And you can go off again.

    Now you’ve been told twice.

  18. By nilbud on Nov 29, 2009 | Reply

    You are a child and …
    You are a child and you can go off. Now you’ve been told twice.

  19. By truthadvocate on Nov 29, 2009 | Reply

    Discovery Times …
    Discovery Times Ruby Ridge. 1 man resisted arrest for violating a gun law. Government agents shot & killed his dog, shot & killed his 14 year old son one bullet in the arm & another in the back, shot & killed his wife. Why? Because he & his sons defended their home, family & his freedom. This is what happens if you don’t allow the state to kidnap you.

  20. By GoBucks2828 on Nov 29, 2009 | Reply

    you think I’m a …
    you think I’m a child, but you’re telling me to off? What a great person you are. “The likes of you” what’s so great about you? You say nothing of merit. Another blind liberal who just resorts to childish name calling.

  21. By nilbud on Nov 29, 2009 | Reply

    Fuck off child, get …
    off child, get an education. You’re not fit to comment on the likes of me.

  22. By nilbud on Nov 29, 2009 | Reply

    Have a wank to your …
    Have a wank to your Ron Paul poster. Present any evidence at all that the taxman will shoot you. You dumb hysterical idiot.

    Parasites like you who don’t understand what a society is should probably be clipped as you’re just an irritant to the real people.

  23. By truthadvocate on Nov 29, 2009 | Reply

    It’s safe to say …
    It’s safe to say that every country on the globe contains government corruption.

    People define socialism differently. But we can agree on words like robbery: taking property by the use of violence or intimidation. Taxation is robbery. The state uses the threat of imprisonment to collect our money. If we refuse, the state will come to our home, kidnap us, & lock us in prison. If we defend our freedom to the bitter end, we will be gunned down. That’s some serious intimidation & thus robbery.

  24. By GoBucks2828 on Nov 29, 2009 | Reply

    you continue to …
    you continue to throw out insults without saying anything yourself. typical liberal.

    “You MUST be some kind of super retard if you think anyone gives a what you think” ….why is that? or is this the only thing you can put out – immature nonsense?

  25. By nilbud on Nov 29, 2009 | Reply

    You MUST be some …
    You MUST be some kind of super retard if you think anyone gives a what you think. Another ignorant right wing child, a wasted life. Still you’ll be getting yours soon enough dummy.

  26. By GoBucks2828 on Nov 29, 2009 | Reply

    I’m looking through …
    I’m looking through these comments and noticed you’re calling people stupid, ignorant, etc…and criticize them…but then, you offer no opinion of your own or explain how they are stupid. Considering all that, you MUST be a liberal.

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