Isn't it just hilarious how the Republicans are suddenly concerned with the stagnation of wages, yet take every opportunity to GUARANTEE lower incomes by opposing minimum wage increases? These are also the same mentally deranged people who favor "right to work" policies that guarantee lower salaries. The hypocrisy of this refreshing concern for the middle class/working poor is as genuine as their concern for the national debt while simultaneously waging two illegal wars.
Chuck Todd asked Ryan what he thought of the president's proposal to eliminate the trust fund tax. He immediately went to the American farmer, as the ones who would surely suffer if this plan was enacted. But these are rarely the ones hit by trust fund tax increases as they don't earn enough to be affected in the least. In fact, fewer than 1 in 4 of the farms in this country produce gross revenues in excess of $50,000. Not only that, most of the farms are not acquired through inheritance, so passing along the family business is not as common as he'd like us to believe.
The Wisconsin Republican is all for tax credits for working families with and without children. But when it comes to taxing the people HE serves, the one percent, he is vehemently opposed. Once again, he omits the actual number of people who would be impacted and fails to mention that these people usually have the money to pay more taxes. Ryan explained his convoluted thinking.
"...You're actually making it really hard for a family to pass on the family business to the next generation. What I think the president's trying to do here is to again exploit envy economics. This top-down redistribution doesn't work, we've been doing it for six years. Look, it may make for good politics, it doesn't make for good economic growth. So instead of having an economic policy that produces a government-controlled economy where we try to divide people based on class and income, why don't we support bottom up organic economic growth that brings everybody into this economy, that produces real opportunity and upward mobility?...We don't want to go down this pathway of practicing "me too" on envy economics."
There it is, the Democrats, always wanting to be the Robin Hood of society. Naturally, when the economy was at its strongest and the United States was the world's leading economy, capital gains taxes and other levies on very high wage-earners were between 70% and 90% (under Eisenhower). A truly stagnant and destructive economy, in case he forgot, was during his fellow GOP president Bush 43 who literally collapsed the financial markets, and hemorrhaged jobs like crazy.
Trickle-down doesn't work, and this has been proven time and time again. When the wealthy pay their fair share, the economy is at its most robust. Ryan, also known as the Granny-Starver, wants to take from those who the most impoverished and redistribute the wealth, through tax cuts on the one percent while claiming to be an economic policy wonk. Laughable. Just laughable.