Posted by: Dirk | April 11, 2013

An animated fairy tale

Some people in the comments said that the video would be full of fallacies and omissions. Of course, this is not economic science. Economics should be able to come up with some fact checking, though. Is it true what has been said about tax evasion, jobs being offshored, etc.? Having seen the video once, I don’t think that there are any fallacies in the video (like saying: government should spend more and decrease national debt, which by the way can happen but only under special circumstances) and the facts seem to be about right. The lobbying in politics seems to be real, and the idea that the rich have paid less and less taxes while the rest paid more seems acceptable, too.

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