People will shame poor people for taking advantage of food stamp and welfare programs, and then applaud billionaires for manipulating tax codes and getting corporate bail outs. It makes no sense.
@Cloud21283 It makes perfect sense!! 1. Ideology- Conservatives morally oppose policies that pull people out of poverty and create a middle class. 1B. The truth is, republicans view being a billionaire or business owner as proof of having "worked hard enough to succeed," so when they make a mistake, they "deserve" to get bailed out due to their success. Whereas poor people haven't "worked hard enough to get here." Thus, any government help they receive a "handout" and they don't "deserve" it. 2. Economics- Poor people won't work for slave wages if they have government benefits. B. If it was truly possible to afford things like food and healthcare and housing without having to work or with government aid, then no one would ever choose to work in fast food or retail, for minimum wage, with 0 benefits or chance for advancement. C. No one would ever accept any job where the pay rate did not at least match the rate of inflation and offer decent benefits.
What they don't tell you about is being a CEO: Taking a risk means they'll be a part of the working class but a working class worker taking a risk means they will be dead.
You've misunderstood and misquoted that line. It is the founder and entrepreneur that holds all the risk. If they happen to also be CEO then your quote makes sense. Entrepreneurs do create companies for workers though. Without them taking that risk, there is no company.
I graduated high school in 1979 and witnessed a huge paradigm shift that occurred in the 1980's after Ronald Reagan, Republicans and corporate monopolies relentlessly waged class warfare on the middle class by getting them to believe that Gov't is their enemy and therefore Wall St. deregulation and Supply Side "trickle down" economics would create "a tide of prosperity" and allow everyone to share the wealth. Instead Republicans busted the labor unions and outsourced millions of American jobs to third world sweat shops creating Americas Rust Belt during Reagan's two terms in office. Now 50+ years later instead of one family breadwinner to be in the middle class it takes two breadwinners who work ever longer hours for less pay in order to make a handful of billionaires even richer and more powerful by manipulating markets, the courts and elections behind the scenes. Yet many in the middle class have been so misled they believe Reagan and Republicans are heroes. So they participate in class warfare against themselves by voting for Republicans due to race baiting and outrage over fake culture war grievances.
You have become WOKE!! Now you understand why the term WOKE is hated and maligned. They definitely don't want the working class to wake up. So they have brainwashed working people to believe that being WOKE is something evil.
When Reagan started the trickle down theory people in financial businesses knew it wasn't going to work and my dad, a lifetime Republican, and I debated it all the time. When Reagan's term was finally over I asked my dad who he was voting for he replied Clinton. I almost choked but I was glad. He thought Clinton had good ideas , a lot like FDR's policies that brought the country out of the Depression. And it was the Clinton administration that brought back the economy. Stewart knows people should listen.😊
@@Noname-cn4lyNo he does not. Not to mention he has made a ton of mistakes. Perfect being giving attention to astroturfed tea party movement and deligitimazing occupy wall street movement
New Law: if you die doing something superfluous, like going into space just to flex how rich you are, your entire estate and assets go towards funding public projects, like health care, debt reduction, public transport infrastructure improvements, and education. Call it: The Asshole Tax.
Cut back on education. Keep 'em stupid and keep 'em broke. Struggling so much just to make ends meet; who has time to make political protests? This is not an accident; It is by design.😡🙏
I have told people this for years. Schools don't teach about interest rates or anything that could help people earn money, they want to keep them as dumb as possible to provide minimum wage fodder for corporations. People that aren't smart enough to question anything, obey blindly and don't know how to find resources. A shame. Even worse, then the wealthy blame the poor for being poor.
There was this editorial I read, where the author noticed how many big corporations were funding bills to essentially "defund" or dumb down education. From his perspective, they were essentially creating a under-educated underclass; all the benefits of cheap labor, but right here in the states where you don't have to worry about revolutions or political upheaval or sudden changes in geopolitics (like wars, nationalizing of resources, or the host country suddenly seizing your assets for their gain). Plus, our system of institutionalized bribery ensures no problems from the government.
When I was a young child, Reagan talked about his trickle down economics, and I thought, makes sense. Corporations need to make profits to stay in business, and pay workers. Then somewhere in my teens I realized, no, they are just keeping the extras, and actually screwing workers, let alone not sharing in the new profits from reduced taxes. Over the last 40 years, what ever extra cash from lower taxes has gone to a few places. 1) Stock buybacks 2) CEOs 3) foreign banks to avoid even more taxes. Wages in the US for the lower 99% have only gone up with inflation since the dawn of the computer age. That means instead of workers also getting a piece of the pie from increases in productivity,,, corporations kept that too, as well as the tax breaks. Greed is killing our nation.
It does make sense. And I'd argue it even works, given some extra constraints. Because it's absolutely true that the investments can lead to better living conditions and overall health of society. But where does the money _actually_ go with modern corporations and billionaires? What are they investing in? How come with all of those "huge investments" these Foxy guys keep talking about, industry is moving _out_ , rather than bringing those increased real wages? The thing that's missing is competition. The anti-trust laws and institutions need more power, and work a lot harder at what they are supposed to do. Building up new competitors from the ground up needs to be encouraged, not hindered. The rich guys have no reason to compete with each other; it's much more valuable to them to keep their little cartels - when a shirt costs $0.02 to make but is sold for $10, where exactly would competition come in? All they do is lobbying and marketing, because the loop where they can profit from doing better has been utterly broken for most of the 20th century and on. It's all about convincing you that all the stuff they're selling is worth it, and indispensable, and affecting what's desirable, hi-jacking any possible claims about health (for crying out loud, the _tobacco_ industry wasn't above marketing their stuff as _healthy_ , and they're doing it again with vaping) or whatever. Those big capitalists do everything in their power to keep the markets from being free - they tilt them to suit their ends. They support regulation that hurts smaller companies more than their companies, to stop competition from rising up. They assert control over subsidies and tax breaks to gain as much unfair advantage as possible. Heck, on a truly free market, oil and coal had been losing for quite a few decades now - it's all supported by taxpayer money on fake charges like "But think of all the people we employ!" (while actually firing 98% of the workers with _no_ reduction in profits, switching to exploiting people in foreign countries where there's even _less_ competition, not to mention supporting authoritarian governments and all that). And it's really scary how much these huge corporations and egoistic bastards changed how people live for the worse, just to earn a few extra pennies on their "net worth". Because yes, it is actually true that they don't actually spend any money. They're generally living on debt, because it's more favourable to their "net worth". Those missing taxes _will_ be paid eventually... but only when the estate counting comes. That means you'll get a huge gap between when those profits were realised and when the taxes actually get paid. All the while they use this "borrowed money" to make life worse for everyone over and over. Of course, higher wages for workers also mean things get more expensive. That much is true, all else equal. But over the 20th century, wages came to mean smaller and smaller portions of the actual costs of production and sale, with the actual increases in productivity and such going almost entirely to rich people in awful, outdated, pseudo-aristocratic suits :)
The most optimistic vision of the future I can see at this point, is for workers everywhere to refuse service to anyone who belongs to the privileged "I yell at other people to make me more money for a living" class... to make their money worthless by refusing to take it, everywhere. Have the nation - or rather, all nations - strip them of their excess wealth and make them get a job, or go on social security like the people they've so derided. Use the extra cash to rebuild public education, health care, programmes to help people get out of poverty, house the homeless, care for those whose lives were ruined by the tyranny of stupidity, privilege, abuse and subservience. A less optimistic but still pretty okay vision involves a lot of rich douchebags, a lot of high windows, and a lot of downward velocity...
Economics 101 If you put $100 million into the hands of a billionaire, it might get returned to the economy in 6 months to a year. If you put $100 million into the hands of one million people (at $100 per) it gets returned to the economy in two days. The REAL job creators are the millions of people that shop. If they stop shopping (like during a pandemic) the rich people that call themselves "job creators" go out of business. A Trickle Up Economy is many times better for the economy than a Trickle Down Economy.
I have been saying this for YEARS! A healthy economy requires people to buy goods and services, when people don't have enough money to spend so corporations use "inflation" as an excuse to upcharge everything. To fix the problem is very simple. Cap corporate revenues to a fixed percentage and then legislate them having to pay the employees the rest of that capped revenue. Until corporations are forced to adhere to real business ethics nothing will change. Whenever somebody says what I just said they get labeled "communist" because Americans are some of the stupidest most propagandized voters bases in the world.
check again, the pandemic made the rich even richer. The game is rigged no matter what, they ALWAYS win. Where does the millions put in the hands of millions end ? In the pocket of the rich. Where did most of the stimulus checks end ? In the pocket of Amazon and Walmart
This is exactly what my professor of economics taught about 40 years ago. What is essential is the velocity of money. I'm European. Unfortunately, since then, many ideas of this locust capitalism made in USA have also found their way into society here, as politicians are ultimately bribed by industry.
When you pay some attention: "The system is broken and needs to be fixed." When you pay enough attention: "The system is working exactly as intended and needs to be destroyed."
Enjoy the famine that follows. Reforming a broken system is the only option. Destroying the system would cause a massive famine. History has shown that many times. Even your beloved US revolution was not a complete overturn of the system. It was simply moving the hands of power from overseas, to the local merchant/ownership class. The economic system that underpinned society for the most part did not change. When you change that people starve. This has been seen where a total destruction of the economic framework of society was attempted... and no matter how many guns you own you would not be safe from that. Fixing the system then is the only rational choice. We did that before... we can do that again.
The entire world is going to face a huge famine very soon if we don't band together and stop these companies from destroying the planet for profit. So I say bring on the famine. Better to die starving and free than fat and enslaved.
Destroyed? Jesus christ no. The misery that would follow would be horrific and fall on the masses. Fixing it is the solution and it's been happening for hundreds of years. Why don't you research what life was like for a common worker during the industrial revolution and tell me progress hasn't been made.
Do you consider Social Security, Medicare, Medicaid, ACA, Earned Income Tax Credit, Food Stamps, Head Start, Universal Service Fund, Pell Grants, and other government programs harsh capitalism for the poor?
@@georgegillespie3737Those programs provide the bare minimum for the extremely poor and next to nothing for those who have/make too much to qualify for them, but don't make/have enough to live a life of dignity. The wealth gap is seriously fucked up. People are born and raised in ways they can't control. There's no reason anyone should be homeless, hungry, or without full healthcare coverage regardless of who they are or what they do.
That was the best explanation I have heard, John Stewart is so right. We got promised that funds would "trickle down" to us. I have been waiting over 40 years for mine and seen no sign of it. I was thinking about UAW workers in 2008 who took lower wages to "save the company" all the while being promised more. It was not until this year that through the union they have maybe caught up with their lost wages. Corporations and the people who run them do not care about the hard working people of the US, they call us "lazy" and "worthless" all the while they are getting rich off OUR work, not their hard work, but OUR hard work. Don't forget this, they are looking out for their #1 and it is time for us to stop taking it in the shorts and look about for ourselves.
Most of my adult life. Forced to attend the corporate townhall. They announce record profits. Then tell us how they can't afford bonuses, we will get a merit increase of maybe 4.5 % for the highest level of performance and they are increasing insurance costs again. It's idiotic.
Ever heard of living within your means? The decisions your executives make earn the company more in one day than you will earn for the company in your entire career. It's actually insane that you think you are worth more to your company.
@@dtkp33355 executives say "i'm worth this because the stock price or market value of the company increased by x%. WHen times are bad they say-"well, think how worse things would be if it were not for my leadership skills." The big thing sinking American real increases in pay are drastic increases in health care costs and the resulting health insurance premiums. Many people go to doctors at the drop of a hat. Especially those on medicaid who don't pay premiums at all thus creating a huge unneccesary demand in a market where competition -ie number of doctors or medical professionals - is controlled by the AMA and its certified colleges.
And then we make up bullshit because we’re all retarded losers with slave morality who are angry that businessmen aren’t pathetic losers like us so we blame them for our genetic inferiority
Amen Trickle down economics did not work except for the rich. I am 70 and lost a business, a union job, a job I loved, and my home to this corporate world. And now they corporate world is price gouging me in rent leaving not only me but many starving and homeless. So far I have been lucky and my head is about the water. But I am slowly drowning and I pray this finally ends. Our governments are suppose to be the buffer between this and keep it balanced. They have failed not only America. They have failed the world.
I hear you. 72 and after three job losses/closures/sales of the business, I took early SS at 62 as I had no choice. Jobs were scarce and this is why. If they scrub SS I’ll be homeless. Single earner all my adult life, no spouse to fall back on. Their answer is ‘get married’. 🤬They want women dependent and under the thumb again. Eff em.
@@firstlast-gn5boAnd everytime there is a social security raise; the landlord corporate rich takes that and more. So far I am swimming and can handle it. Let's I pray that this gets better for all of US.
Just the idea that billionaires would have so much money it would start falling out of their pockets and trickle down to us is insane! But for the past 40 years the Republican Party convince voters this was good for them!!
@mism847 yes, his real name was Samuel Langhorn(e) Clemens. He worked on Mississippi River boats when young; they called out the depth of the river as a warning and info for docking etc. "Mark. Twain!" (or two) became his pen name. Sorry if you already looked this up!
publicly traded companies should be completely exempt from all government stimulus and handouts. it should be the investors job to prop them up, not the workers.
Especially given that the single ethic that a business has is a fiduciary responsibility to the shareholder. They have no obligation to their workers, yet people keep telling me good businessmen make good politicians and presidents. They don’t care about the workers, after all there are more of them born every day, but investors are hard to find.
It's a great sentiment, and emotionally, I agree. However, foolishly, we have allowed a rather disturbing number of important actors in our economy to become SO large that their collapse would do critical damage to our economy. There is also the factor of global competition to think about. Ours is no longer simply a regional or even national economy, but a global one, and many American companies compete on a global scale with companies from other countries. Do I wish it weren't so? Absolutely! Show me a better, more Just system and I'll vote for it in a heartbeat, but at the moment, this is probably the best we have, even though it sucks hairy balls.
@@mdemers767 So let it happen. Then, after the economy recovers, we can prevent it from happening again. Oh, who do I think I am kidding. That's never going to happen.
Absolutely correct. This has been the wedge that has been forced between the working/“middle” (you were never middle), classes, and the wealthy. This has occurred in every sector that was once (almost), espousing fairness and equality. As Americans, you never had a National Health System, but it once provided affordable care for all in the UK and Australia. And still does in many European countries. However, once the Corporations get their teeth into something, that spells the end of affordable anything. Healthcare, Energy, Transportation. You name it, they will fuck it up, and turn a profit, at your expense.
To be fair some of those European countries that have better systems than the NHS are actually have more private provision than the NHS. Most are insurance based systems with private hospitals however unlike the US its highly regulated to ensure its affordable and no one goes without insurance. The NHS is being starved of funds in comparison that's the problem.
Over 40 years now, Republicans have been pushing the "Horse and Sparrow economics. It has destroyed the middle-class to now, over half the full time workforce can never have what is thought as the "American Dream". Their wages are kept super low, their taxes are high. High compared to the obscenely wealthy who pay about 8% of thier income in taxes, or billionaires, who on average pay only 3% of their income in taxes. Republicans did that. They only care for the wealthy who fund their campaigns, PAC's and dark money pools. Kick them all out of office and repeal all 40 years of "Trickle Down". Put the rates back where they were in the 50's, the Good ol' Days, and take away all their perks and loopholes too. The wealthy have become a disease in this country that is killing us.
Don’t worry, we might have public health care in Australia but we’re still subsidising company losses and see nothing for their profits. Then every few years, the CEO decides he wants a bigger bonus and starts laying off staff, even when the company is profitable. Eat the rich.
When Reagan was prez and expounding that crap, we lefties called it "tinkle down economics". Meaning the rich will always piss on the "middle class" and the poor. Hasn't changed one bit.
The biggest scam of all time is that they actually got the people on the bottom of this system to believe that the system works for them. They actually vote for and love the systems representatives. And believe that they represent them.
Nice idea. Except all that money would fund the federal government for maybe, maybe a year. Then what? You think your taxes help at all? High earners already lay more of their fare share. You've just been told so many lies you don't know what way is up.
Ha, yeah, I'd like to see it, but why do I feel like it's more likely to see it happen in a film or show than in real life? Regardless, let's build a better system that makes billionaires obsolete and powerless! One Small Town Contributionism. Built on cooperation, collaboration and co-ownership. Community networks that share in the fruits of our labour, no corporations, no big banks or politicians invited or needed. Just people for people. Contribution by contribution.
@@dtkp33355 high earners usually get bailed out when their businesses failed, simply because the government is bought out by them, they even pay a lower rate when it comes to taxes when compared to average middle class worker. you've just been brainwashed by fox news to be a corporate boot lick.
Workers in Amazon warehouses pee in bottles (Women too) because the toilets are to far away, and when they would use them, they couldn't hold their quota and get fired. One day, a woman died of an heart attack because it was extremely hot and not air-conditioned and was left two days until their relatives got her body. No employee could risk his job to do something, not even a phone call. And the MF owning all of this flies to space in his dildo-rocket and came back to thank his employees for making it possible.
I love it how John Stewart uses comedy and laughs to make a pretty deadly serious point. Love from the UK where we have a very similar desperate situation with our politics too.
Well-off people are always asking me to do pointless friendship-type things for them, like helping them load a truck, or assemble a complex product. I do it out of human empathy. But then when I need something from them, they always have a pre-made list of reasons why I'm not "qualified" to have the thing I'm asking for. My empathy for them is running real thin, real fast.
@@BraBo Exactly the point. Are we idealistic capitalists? Then we must reject corporate welfare, as it is socialism and "distorts the free market". Or are we idealistic socialists? Then we should provide welfare for struggling citizens, first and foremost. This current system takes the worst things from both, cynically and with one goal: The rich shall get richer, at any cost.
@@hazukichanx408 , that's a very childish way of looking at it. Capitalism doesn't require a "free market", and it's not incompatible with Socialism (eg:. China). But "Free market" is the complete opposite of Socialism (centrally planned economy/society). You just can't have a Socialist "Free market"! It's impossible, and a contradition. If you have government intervention, independently of the industry, either through bailouts, favorable legislation, or subsidies, you'll have yourself a Socialist (ish) regime. Socialism is about control. Marxism is about ownership. ... none of them is about "Free market"!
@@BraBo You’re largely just agreeing with them. They aren’t conflating socialism with the free market, they’re agreeing with you that it disrupts and contravenes that. Furthermore, while socialism and capitalism can coexist, they contradict each other enough to where drawing a dichotomy between “idealistic capitalism” and “idealistic socialism” isn’t out of the ordinary. It is by no means “childish” to recognize that capitalism trends towards much less centralized governmental ideologies in many if not most respects. They’re speaking more to the rhetoric about how supposed “free market” advocates - invariably some of the most outspoken capitalists - in business and government actually favor a more socialist approach when it comes to capitalist interests and posing to that rhetoric the ideological contradictions which arise from it, *especially* when those very same advocates are against socialist approaches to the average person’s interests.
@@Sinisterlizards , I don't agree with the statement "while socialism and capitalism can coexist, they contradict each other enough to...". Socialism doesn't contradict Capitalism, or vice versa. Comunism does, as it's a Marxist ideology. The more we treat Capitalism, Market Economy or Free Market as synonymous, the less we're able to even identify the right problems we're trying to solve. China is Capitalist and operating in a Market Economy, but it's a Socialist Regime. It's controlled by the State. ... this is far from being a "Free Market". In fact, it's the opposite! You can easily have Capitalist and Market Economies which are not Socialist, and still not have a Free Market. Once again, "" is State interference/manipulation, and if used as a rule, is Socialist, independently of which industry is being subsidized, or helped with custom made legislation.
Because Americans are poorly educated, uninformed, disinformed, disinterested, stupid, incurious, self-absorbed, constantly (& happily) distracted from what's impt in life by silly, trivial culture wars, hateful, & paranoid.
Simple answer! From the so called upper middle classes down to the beggers on the street: most are like thick stupid sheep who are easily brainwashed into thinking the super rich are on their side 🙄 its no different to asking you to take a huge chunk of fresh beef into a den of lions and expect the lions to eat only the steak! Wakey Wakey idiots you know they eat you with...!!!
Because everyone keeps voting for Republicans and Democrats. Only two groups of people have held power in this country in the last century. The biggest lie is those are your only options.
@@bumblebootwiddletoes5185 how so? All the means of production need do, is do absolutely nothing at all. Let these billionaire assholes sweat it out while we all sit on our ass at home for a week. The majority of people are already struggling to survive and doing without, why not enjoy a week off to watch these corporate assholes crash with the rest of us. 🤷🏼♀️
Great summation of how current capitalism in U.S. is way too slanted towards unregulated, excessive Corporate profits with too many loopholes for lowering of taxes on those profits. Also, rich people invest in cheap labor in China, India, and probably Africa next. At least Biden Admin. has enacted laws to bring back some investments back to our country.
But unfortunately tens of millions of people vote for the politicians that are going to enact those deregulations and no tax for the rich. They give them social issues and gaslighting. Not Healthcare and livable wage
We are capitalistic world, not just the US. Although US is the Empire of Capitalism, we are all subject the negative outcomes the longer we let this unsustainable system go. Fix it by building a better one, step by step. Let's do it, eh? One Small Town Contributionism, day by day, conversation by conversation, connection by connection, project by project. If there is a will, there is a way.
The oldest mention I found of "trickle down" economics was from Ronald Reagan. 40 years on and the trickle has yet to begin. Corporate executives in the US make, on average $480 for every dollar the entry level worker makes. Somehow I don't think they are working 400x harder than the front line worker.
@@moe47988 Risk? Like what? Risk losing one of their 7 homes? Trickle down economics is another label for status quo. The rich get richer and the poor stay poor.
@@moe47988 I started a business. But that is not what is meant in trickle down economics. You are heavy on the derision and light on explanation. And how does any of this change the fact that corporate heads are making up to 500 times what their front line employees make and have done for the past half century?
Trickle Down was a semi-successful idea from 1940 to 1960 when individual business barons would use their money to open new factories creating additional jobs. Once manufacturing started moving everything to Asia & Mexico and the US consumer demanded more cheap disposable items from China it stopped working like that. Like Warren Buffet said "Giving 100 workers an additional $10,000 has a larger impact than giving me another million."
Maybe because $1 million is pocket change to him? I promise you, Warren Buffet contributes more to the economy than those few thousand workers would with that money.
Wrong again. Trickle down is Capitalism and it was in its death throes in the 1890’s and the creation of the Fed in 1913 sealed the coffin lid . That was when bank deposits were guaranteed leading to easy credit and inevitable bubble pops that the government ironically always blamed on Capitalism.
@kristan999 Because the right wing media in the UK are very racist, and the political zeitgeist of the moment is stopping refugees coming across the channel, but it's used as a smokescreen for the conservative government to sit on their hands when it comes to big business polluting our rivers, people not being able to support themselves in the cost of living crisis and resort to using food banks, energy companies making record profits whilst people can't afford to heat their homes. It all goes hand in hand
@@MrDesmondPot they're fleeing war torn countries such as syria and yemen because america bombs the shit out of them, which is cause by huge weapon companies bribing the government. whats worse is that the syrian government is already fighting isis on the ground and many of the casualties from these drone strikes are innocent civillians
You were expecting "trickle down" to mean the poor people magically get rich? That's delusional. Trickle down economics means investors take the risk in creating a business, and that trickles new jobs down.
@@AGirlofYesterday Every modern convenience you take for granted, including the device you're seeing these words on right now, is only possible because some people took risks in order to create a company and bring products to market. I'm not the delusional one here.
@@moe47988 Yes. Especially those Indonesian children who put your iPhone together for $2 a day while sleeping in a cardboard box instead of going to school. Talk about risky business.
Trickle down is where the CEO or Board Chairman unzips the front of his pants and pisses. Some of that splashes on those immediately below but, by the time the remnants reach the workers, all they get is the ammonia stench.
Their yachts, planes, mansions, $200,000 haircuts are re-invested for the good of us? Give me a little credit for being smarter than to swallow that swill. Gaslighters and grifters.
they tell us to watch our carbon foot print but bezo went into space just to tick off his bucket list during the pandemic !!! and they tell me to cycle to WORK!
We should all cycle to work, but especially Jeff Bozos. He should also swap his yacht for a tread-propelled paddleboat, and his private jet for a person with a baseball bat who whacks him in the head every time he thinks about flying somewhere on a private jet.
I would think quite some of eco-friendly behaviour is money saving, too. Cycling is much cheape than driving and helpy you to stay healthy, too.Spending less on stuff you don't really need will save you money, too. Bezos will never tell you to spend less, by the way.
Absolutely. The economy is driven by the spending of consumers; ordinary people. We prize investment only because it creates jobs that consumers need to increase their income. Therefore it must the governments priority to focus on ordinary consumers, not billionaires.
Hiring unemployed people to build some solid, decent and affordable government housing for the homeless, for instance, would create jawbs jawbs jawbs while also creating homes for people who really, really need them. Buthowyagunnapayforit? With money taxed from billionaires and their corporations, of course... and the occasional ridiculous megachurch that pulls in grotesque profits from the trust of its "believers".
I don’t like Jeff Bezos and refuse to buy anything from Amazon as a result. However, there are too many Bezos out there and they are bound and determined to game the ecosystem so that they can keep every last cent that they or their company makes. Unless the rest of America wakes up, I’m fighting a losing battle. Thanks, Jon, for all that you do!
You still believe that as the rich get richer, the poor get poorer? This was never true. It's just that your favored politician continues to push the false dichotomy of oppressor vs oppressed. Economics is never a zero sum game.
He created 1.5 million tax paying jobs and this is the thanks you give him? “It’s a universal law. Intolerance is the first sign of an inadequate education “ ~ Solzhenitsyn
As part of Gen X, this is what we railed against in the 90s and early 2000s. But then everyone got distracted by how great they look and dance and play an instrument.
Here's why tax breaks for the wealthy does not trickle down: The government rationalizes that the wealthy will create jobs when they get a tax break, but the wealthy are not REQUIRED to do so. Anyone running a business would be plain stupid if they create jobs just because they suddenly have more money because they got a windfall from a tax break.
I like to add that corporations invest when they have or expect an increase of demand. To make trickle down work, you would need to increase wages first so that workers have more money that they then can spend to create an additional demand. I have no idea how this basic economic rules have been "overlooked" by those who claim to be economic experts.
@@roughhabit9085 One reason the current job market is healthy is because of the COVID shutdown, which led to a lot of people leaving the job market, leading to greater demand for workers. It's NOT because of inflationary profiteering.
@@roughhabit9085 I would recommend to have a look on interest rates and the quantity of qualified, available people, too. As far as I know, in every first world country the "baby boomer" generation is leaving the job market and leaving a gap.
More of this please.It’s not everyday you here truth regarding the backwards and corrupt economy we have on a corporate owned platform. I have a feeling google/RU-vid/apple really do not like what he’s saying, but they are so greedy that they can’t pass up on the working class indignation dollar.
To be fair, RU-vid has been pretty decent in allowing different views. I've never known them to block anything related to the behaviour/interests of large corporations, including their own.
If I were a billionaire, I would not want 92% of my money going to the military industrial complex and other such boondoggles. Get government corruption, overreach, and spending under control and then we'll talk about tax rates.
@@rustyshackle917 And who is paying for the corruption? Your hairstyler? The store-clerk around the corner? The pizza-delivery boy? Or Billionaires? Try to turn your thoughts in the rihght direction, please
Why isn't this man running for president? I could very easily see a WILLIAMSON/STEWART ticket or STEWART/WILLIAMSON ticket, either way would make me happy!
I am holding up five fingers, people of America, five. It may look like four, but I am holding up FIVE fingers. This broadcast will not cease until I am convinced that you see a man holding up FIVE fingers." - Stuart Varney (pp. George Orwell, Richard Bachman and Margaret Atwood). 😱
I know it’s not the same but where I work our employer offers an incentive whereby if you recommend a worker if there’s a vacancy they give you a bonus. Now,if the workers were to ignore it,and our employer had trouble getting new staff (often times they do). iour employer would be forced to raise the wages to get staff in. Sadly the people I work with are too blind and stupid to see it.
Sadly, the organizations that are intended to help the workers are some of the worst at hoarding the money. Union CEOS and Presidents, on average, are some of the highest paid executives out there. You can't trust the corporations to look out for you, you can't trust the unions to look out for you, and you can't trust the government to look out for you. We need to look out for each other.
"The rich invest their money and that makes jobs." .... so, what's preventing anyone else from circulating the money into things that make jobs? It's like arguing, "Well, there must be a king, obviously. And the king needs all your money so he can have an army to keep you from being conquered by *different* king." To which one might ask, "Can't we just raise our own army and tell both kings to take a hike?"
People finally managed to do this, and _mostly_ told the nobility to take a hike as well... only to fall into the same sodding pattern with the new upper class, the bankers and investors and CEOs and stock moguls. Time to warm up that old catchphrase again!
Anytime the governemtn baisl out anything, it should result in the government gaining ownership. If we had to bail you out then we now own you so we can sell our shares over tiem later for a profit.
This guy takes the truth and tells it. He even took the facts from COVID and said " it's likely given the facts it was a lab leak" before anyone else was allowed to say it he could and did.
Capitalism is an ideology that promotes, cultivates, motivates and teaches actions that maximize profit without any moral or ethical compass guiding these actions.
Great points. Here's one needs more coverage. (R) is against Taxes. But they are always claiming this "investment" focus. The TRUTH is that IF you put your damned (otherwise taxable) profits BACK INTO YOUR BUSINESS, then you are NOT taxed on them -- because those investments are DEDUCTIBLE. So (R) - increase your investments to reduce your taxes. And for the rest of us, if you do NOT YET have your 150' yacht, you need those that do to pay their fair share of taxes. Period.
The way they've been able to do it for 40 years is so simple. Three guys are at a party. There's a tray with 10 cookies on it. The rich guy takes 9 of the 10 of the cookies, then turns to the white guy and says "hey, I think that black guy wants your cookie."
"Jon Stewart Explains Trickle Down" hits me the same way a phych exam question did... "Explain the Oedipus Complex". My answer began "With a straight face?". We must be so stupid to have put up with this for so long. It feels like giving crack to an addict saying that eventually they'll get tired/bored and stop.
