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Pants on Fire
By: Paul ChristophersoneBook Publisher: AuthorSolutions
Imprint: iUniverse.com
Format: Adobe Encrypted (DRM)
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Pants on Fire explores the lies that govern America-why people go along with them and what it costs to do so. It reveals the plutocracy that benefits and examines what needs to be done to bring back a true democracy.
It's no secret: The wealthy demand-and get-what they want from the system at the expense of everyone else. Seven key lies advance their agenda:
The way to grow the economy is to stimulate the people at the top. Loose money is another way to grow the economy. The stock market is the best investment and the best economic indicator. Executive compensation is tied to performance. Regulation is bad; deregulation is good. Bailing out Wall Street was necessary to preserve the system. The health care question is about who pays.These claims are driving the biggest economic crisis in modern history, and producing a society ready to explode with anger. Provocative and sometimes funny, Pants on Fire looks past the individual problems to the eventual, necessary solution.
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| Title of Business & Economics eBook: Pants on Fire | |
| Release Date: 08-17-2010 | |
| Publisher: iUniverse.com |
This eBook download is available in the following formats:
| Parent title | Pants on Fire |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9781450237741 |
| File size | 3030 |
| Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | Excellent navigation features are available via Adobe such as bookmarks and a quick access table of contents. Text search is easily accessible. An Adobe DRM-protected file is different than a pdf file in that it uses Adobe DRM (Digital Rights Management) technology, which authors and publishers use to protect their content from illegal online distribution and to set certain privileges such as restrictions on copying and printing. |
Pants on Fire
Chapter One
Lie 1.The Way to Grow the Economy Is to Stimulate the People at the Top.
Trickle-down economics is a lie that has dominated economic policy for more than thirty years now. It says that tax cuts targeted at the people on top will stimulate business investment and entrepreneurship and thereby create jobs and economic growth. All the empirical evidence to the contrary has not been sufficient to discourage the telling of this one. It is the all-purpose big-money lie-if you give me special treatment, others will benefit, so it is in their interests and on their behalf that I want my favored status. In fact, unless I get my specially carved-out graft, I might just lie down on the job, and then God knows what will happen to the American way itself.
The whole argument is transparently silly, or we should urgently be giving breaks to police, firefighters, doctors, and nurses. Otherwise, they all might become dispirited, discouraged from risk-taking, and lie down on the job. It is a marvel today that everybody who does not get capital gains treatment on their earned income does not just go out on strike, shouting, "Enough! Enough of all your bull! We want to be incentivized too." The country now is like one of its big companies-a never-ending river of incentive schemes, performance awards, and retention bonuses for the people at the top, without which they would presumably feel disinclined to do their jobs, combined with a chronically underfunded pension plan for everyone else.
I particularly enjoy the references to entrepreneurship in this connection, since this is something I know a little about firsthand. Peop
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