Bill Clinton’s Secretary of Labor Robert Reich is a hero amongst the left and occupy movements. Reich campaigns for higher taxes on investors, entrepreneurs, small business owners, otherwise known as “rich people”.
This makes him one of Obama’s favorite economists.
Reich has a video on Youtube.com that argues for more taxes on the rich, which he contends will strengthen the middle class. He uses a string of faulty arguments and some dubious statistics.
Advertisement - story continues below
In this video below, Don Boudreaux of George Mason University has come to the rescue of the truth by debunking much of Reich’s arguments. It is worth your time to watch.