Something everyone should know on Tax Day


YouTube has the video Something everyone should know on Tax Day.

Robert Reich has a special Tax Day message, explaining why the wealthiest 1% pay a much lower tax rate than the rest of us–and what we can do about it. You can sign his petition here: http://petitions.moveon.org/sign/the-1-should-pay-their


Alternet has a transcript of the video in the story Robert Reich: Happy Tax Day VIDEO—Why the 1% Pay a Much Lower Rate than You. I have lost my faith in Alternet, but the transcript seems pretty faithful.  Here is the last statement in the video.  I have a bone to pick with it.

When the rich are let off the hook in all these ways, the rest of America has to pay more in taxes to make up the difference – or have services cut because government doesn’t have the funds.

I wish that Reich wouldn’t reinforce the myth that on the federal level their is any concept such as “…  government doesn’t have the funds”.  The federal government creates the funds it spends.  Unless it runs out of computer bits there can never be a situation where the federal government does not have the funds.

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