Various Authors noon, Jan. 26
Happiness Guru Tony Robbins Bemoans Deficits
San Diego motivational speaker Tony Robbins, who teaches people how to overcome fears, continues to generate fears about the state of the economy. A youtube making the rounds this year features Robbins moaning about the federal deficit -- not an illogical position, certainly. But the youtube is really an attack on President Obama's plans to tax the rich, and Robbins uses some non sequiturs to make his point. He makes some good points, though, saying that the national debt is $15.4 trillion (now $15.6 trillion) and one trillion seconds adds up to 32,000 years. Scary. He claims that liberals say that the nation's deficit problems will be solved if we tax the rich. Then he shows that if we tax ALL income of those making over $250,000, it wouldn't carry the government very far. True, but not relevant. Liberals (and the majority of Americans, according to polls) favor stiffer taxes on the superrich, but nobody says those tax receipts will come anywhere near solving the nation's problems. For example, Obama's "Buffett tax," which would raises taxes on those making $1 million or more, would only raise $47 billion over ten years. Robbins takes the base of his information from a blogger called Iowahawk.typepad.com, who is very conservative. Robbins says he is an independent believing that we must raise revenue but also cut spending.