Jeffrey Sachs is an Economic idiot

Here is liberal mentality at work. How does a person as educated as this guy get to be so mindlessly braindead? We have Jeffrey Sachs, Director of the Earth Institute (whatever that is) at Columbia University and professor of economics. He appeared (where else?) on MSNBC to discuss the union issue in Wisconsin. To put this quote in context, Sachs is talking about how Wisconsin is not an isolated incident but what he believes is an orchestrated event for the Republicans and the wealthy to completely eradicate unions. Are you ready??

“What these billionaires have been doing is buying the whole Congress, now buying out the governors, to make sure they never have to pay taxes again. And then we have these huge budget deficits because they don’t pay taxes any more, and what do they want to do? Cut the benefits for the poor.”

Is there ANYTHING about this fool’s rantings that makes even the slightest bit of sense? It’s interesting to note the use of the word “billionaires.” Looks like the wealth-envy language has been ratcheted up a bit. When Obama first started talking about raising taxes on people who make over $200,000 a year the left referred to as “the rich.” In no time at all the rhetoric changed and these people were referred to as “millionaires and billionaires.” Now we’ve stepped up a bit and these $200,000+ earners are simply “billionaires.” Hard to say, but maybe the language needs to advance this way because fewer and fewer Americans are buying the wealth envy language. Thanks to the Internet and to talk radio more and more people actually have come to realize that the top 1% of income earners in this country pay about 40% of all individual income taxes collected by the government; yet they earn a much smaller percentage of the total income.

Another thing … This academic hack talks about these “billionaires … buying the whole congress.” You do know who’s trying to buy the congress, don’t you? Government sector unions, that’s who. How much did they contribute in the last election cycle? Try over $400 million dollars. Now … get out there and add up the campaign contributions from billionaires and see if you reach that figure.

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Author: AKA John Galt

A small business owner, a tea party organizer, a son, father and husband who is not willing to sell out the future lives of his children.

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