Are You A True Tea Partier ?

1. Free trade is a system where merchants buy $150 parts overseas for $50
This part is then sold for $140, driving the domestic merchant out of businessHe then keeps $100 to be saved and reinvested..... overseas.

Free trade is in my best interest

Free trade is NOT in my best interest

Unless you have the "Hamiltonian spending" to replace the outsourced job, you are going to have to buy the displaced worker welfare. Sorry, just how it is.

Maybe next time you would support his job with a tariff.

Explanation

Unless you have the "Hamiltonian spending" to replace the outsourced job, you are going to have to buy the displaced worker welfare. Sorry, just how it is.

Maybe next time you would support his job with a tariff.

2. Ron Paul supports stronger bank regulations

True, Ron Paul hates banks !

False, Ron Paul supports the elite !

http://www.c-spanarchives.org/program/294319-1
Notice how he hides his answer with a rant about the Fed. Sure the Fed should be audited, but, don't be a wolf in sheep's clothing.

Explanation

http://www.c-spanarchives.org/program/294319-1
Notice how he hides his answer with a rant about the Fed. Sure the Fed should be audited, but, don't be a wolf in sheep's clothing.

3. Glenn Beck supports selling our national services to international elites.

True, who are we to use our own infrastructure ?

False, for the people by the people !

http://www.youtube.com/watch?v=qi12-CE8Axk&feature=related

You don't need to be for socialized medicine to see the hypocrisy. That said, who is even for socialized medicine? Talk about a false dichotomy. Public option, non-profit co-ops, good old fashioned reform, cough cough.

Explanation

http://www.youtube.com/watch?v=qi12-CE8Axk&feature=related

You don't need to be for socialized medicine to see the hypocrisy. That said, who is even for socialized medicine? Talk about a false dichotomy. Public option, non-profit co-ops, good old fashioned reform, cough cough.

4. HMO's are a creation of the Neo-Con Revolution

True, for profit insurance was only 5% of the market in 1950's

False, for profit is the american way.

http://www.bcbs.com/about/history/1950s.html

Thank Nixon.

Explanation

http://www.bcbs.com/about/history/1950s.html

Thank Nixon.

5. Andrew Mellon, treasury secretary during the 1920's had a tax policy of...

Cutting Taxes, to strengthen business.

Raising Taxes, to strengthen domestic production.

It was argued that the wealth would "trickle down", much like the policy of Art Lauffer and Ronald Regan. It was latter exposed that he wanted to "Shake out the Filth". It worked in the 1920's (and today).

http://en.wikipedia.org/wiki/Andrew_W._Mellon#The_Mellon_tax_trial

Explanation

It was argued that the wealth would "trickle down", much like the policy of Art Lauffer and Ronald Regan. It was latter exposed that he wanted to "Shake out the Filth". It worked in the 1920's (and today).

http://en.wikipedia.org/wiki/Andrew_W._Mellon#The_Mellon_tax_trial

6. What was the top tier tax rate in the 1950's

Lower, 20%.

Lower, 30%

Higher, 50%

Higher, 91%

http://www.ntu.org/tax-basics/history-of-federal-individual-1.html
If you give the rich the money and don't tax them, they just run away with the cash. Tax em, force em to spend in domestically, duh. This tax rate lasted until the mid 1970's

Explanation

http://www.ntu.org/tax-basics/history-of-federal-individual-1.html
If you give the rich the money and don't tax them, they just run away with the cash. Tax em, force em to spend in domestically, duh. This tax rate lasted until the mid 1970's

7. What was Thomas Paine's economic view ?

Capitalist

Libertarian

Socialist

http://www.thomaspaine.org/Archives/agjst.html

In this piece Paine argues :
1) Non of the old testament fathers owned land.
2) Land is the common property of all men
3) Land should not be owned (Stuart not Lord)
4) Poverty is due to the creation of wealth

He the argues to solve the injustice by a re-distributive death tax.

Explanation

http://www.thomaspaine.org/Archives/agjst.html

In this piece Paine argues :
1) Non of the old testament fathers owned land.
2) Land is the common property of all men
3) Land should not be owned (Stuart not Lord)
4) Poverty is due to the creation of wealth

He the argues to solve the injustice by a re-distributive death tax.

8. The Tea Act of 1773 was

A tax cut to the benefit of a monopoly

A tax on tea placed on the colonies.

http://www2.maxwell.syr.edu/plegal/congress/bramblepp1_files/slide0009_image029.jpg
The Tea act was a drawback on duties and tariffs. This tax cut allowed the East India Trading Company to undersell the american merchants. This is much like how Walmart undercut American merchants in the 1990's with Chinese imports.

Explanation

http://www2.maxwell.syr.edu/plegal/congress/bramblepp1_files/slide0009_image029.jpg
The Tea act was a drawback on duties and tariffs. This tax cut allowed the East India Trading Company to undersell the american merchants. This is much like how Walmart undercut American merchants in the 1990's with Chinese imports.

9. What tax policy best supports free trade ?

The fair tax (a flat sales tax)

The progressive income tax

Tariffs

http://en.wikipedia.org/wiki/Progressive_tax#History_of_intellectual_debate

Free trade is the policy of eradicating regressive taxes which inhibit trade, and, replacing them on progressive taxes (namely the income tax) which do not inhibit trade. Adam Smith is my source.

Explanation

http://en.wikipedia.org/wiki/Progressive_tax#History_of_intellectual_debate

Free trade is the policy of eradicating regressive taxes which inhibit trade, and, replacing them on progressive taxes (namely the income tax) which do not inhibit trade. Adam Smith is my source.

10. Did Glen Beck supported the bail out ?

No, Glenn Beck hates the bail out.

True, Glen Beck supported the bail out.

http://www.oliverwillis.com/2009/09/21/glenn-beck-supported-the-auto-bailout/
http://www.youtube.com/watch?v=Pr8EPYcLmvQ

I had a better one, but lost it. This man should be careful. During the French Revolution the aristocracy was decapitated, but, the court jester was given to the Donkey first =).

Explanation

http://www.oliverwillis.com/2009/09/21/glenn-beck-supported-the-auto-bailout/
http://www.youtube.com/watch?v=Pr8EPYcLmvQ

I had a better one, but lost it. This man should be careful. During the French Revolution the aristocracy was decapitated, but, the court jester was given to the Donkey first =).

11. Which policies were included in the original economic plan of Alexander Hamilton

"Bounty" (subsidies) for Infant Industries

Government had no rule over private business

Limited charters which killed off business naturally

A central bank

Protectionist duties to regulate trade

http://en.wikipedia.org/wiki/Report_on_Manufactures

Alexander Hamilton's model is linked above.

Explanation

http://en.wikipedia.org/wiki/Report_on_Manufactures

Alexander Hamilton's model is linked above.

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