Trump's latest economic plan would be "a wrecking ball to the economy." It's a massive tax cut for the rich, paid for by sticking you with a giant sales tax. I talked with Lawrence on MSNBC about what this would mean.
@@fowlerja try looking at history, trump is attempting the 1930's Austria/Germany era, to make it easier for you. That's why his only book is "Mein Kampf" ...mit der realität, aka, "maga"
I prefer to thank the education system and Mr. Reich's personal abilities to gain an education, learn public speaking, educate others. His critical and rational thought, supporting theories with evidence, and willingness to be a beneficial public servant. Gods are too capricious and slow to react.
Remember him convincing " miners" that he would put them back to work! They actually had hope.what did he do for those jobless,suffering coal miners? "0".... Nada.
Why not employ miners in carbon sequestration mines, off shore wind & wave renewable energy, and storing renewable energy in under water depth presurized spheres? What about piping climate change aggregated urban island effect waste heat, into a under ocean geo-thermal heat pump loop that desalinates sea water while utilizing Carbon negative or neutral, gasses to transport water & mined resources from depth & distance off shore? Recycle & repurpose oil & coal industry infrastructure, maybe make some interesting science discoveries, while pursuing/leading international climate standards?
Wait, he actually allowed their pension funds to go bankrupt and take that from them. The federal insurance checks they get now are a fraction of what they were owed.
@Silver-jv1us He didn't need to ban coal production. The demand for coal had been decreasing already as coal power throughout the world had been replaced by emerging cleaner technologies. What Trump needed to do if he truly wanted to bring jobs back to those communities was bring other jobs and job training to replace the lost jobs. Instead, he gave the workers empty promises and supported the heads of the corporations instead. Biden has quietly done more to support those communities than Trump ever did.
@@fowlerja What can you expect from a centrist when the right extremists have dragged the centrists to the point of being John Birchers? You are, however, more likely to get a contagion if you kiss the other pig.
@@fowlerja Sounds like you need to take a look in a picture dictionary for what the words Pig & Make up are describing. You sound a bit confused. Is it catching?
This man is a one man wrecking ball to anything he touches and the GOP because of money he raises puts greed above their responsibility to their constituents.
Our politicians need to be telling their constituents what you have said. Trump is telling his uneducated maga what they want to hear. In reality his taxation will hurt them the most .
The company that I did work with cut out bonuses. The company cut down on Thanksgiving, $25 gift card for a turkey , and Christmas gift $30 gift card for Honey Baked Ham to cut down to a $25 gift card for both holidays. While tRump was in office during the covid, I saw fewer people on the roads and at work since they did several lay offs. Which, on the last lay off, I was one of many more people who were laid off, then later called back to work. It was a very slim shift of employees for a while. tRump did not make our lives better, but he did make worse and is still trying to destroy our country if he gets back in office. Vote blue to save our wives, sisters, daughters, and our country.
Let's ignore the fact that it was democrats that shut the country down, NOT Trump. THEY did this...F'ed us ALL over, just so they could blame Trump for it. You've been had, by democrats and the propaganda machine (MSNBullChit). The only thing saving our asses in these last four years, is being proficient at putting deer and fish in the freezer.
While I agree I just wish we weren't heading the democratic party with a cadaver. Whatever happened to Andrew Yang? He just kind of disappeared from the political scene but he was a pretty interesting candidate.
Blue: What is a woman? sister ,daughter? what is "our country"? does it have a border? or does it include all people on Earth. try not driving your car on Labour day.
Tariffs are a regressive tax. Trump meant it when he said he “”loves stupid people.” He meant it when he said, “I don’t care about you, I just want your vote.” This is an election for the soul of America.
Tariffs, done right, can allow for import/export to be competitive globally. If Americans dont want to make shoes, a equitably vested other nation's company Could make shoes to the cost of labor, investment, humane use equity. For the area AND international standards. We dont Have to tarriff just imports, we SHOULD tarriff our exports, to a competitively fair world market price. If Americans cease investing in exploitation, we very conservatively, create Less need for expensive population dense immigration, war, famine, and the root economic causes of terrorism. Instead of the idiocy of selling two (or more) warring factions weapons.
@@OnoMa-g6v Yes, 1-day old trolls generally don't remember the global pandemic that essentially shut down the world economy, nor do they have a clue about economics... ... or maybe you're a day-old bot...
@@OnoMa-g6v 1.87 in some rural side street town, maybe. As for inflation, you don’t have inflation when no one is spending money. The Covid Pandemic kept spending down. A second reason for low petrol prices. There is cause and affect for each action. Trump’s policies ( wealthy tax cuts ) caused the highest debt in history. Almost 2x what we have incurred under the Biden Administration. Yet we still have the most successful recovery of all nations. Petrol is higher, but still lower than 3 yrs ago. Groceries are more expensive , but because of corporate gouging. Unemployment is at historic lows. The higher interest rate hasn’t been as big a problem because home owners locked in very low mortgage rates during pandemic, thereby avoiding a recession. Stocks repeatedly climb to record highs. I have done well with both AMD and Nvidia investments. Trump did destroy the economy , it just didn’t show until after he was voted out of office. Fortunately we put more stable people into office that managed it back to health. We can all agree that US border policy is a shambles, but it has been for the last 5 administrations ( Rep AND Dem ). Crossings are down, problems have decreased, but still have a ways to go. Trump has not put forth any type of ideas and does nothing other than to criticize agencies that he felt slighted by, insult groups that don’t praise or support him, and promise to prosecute out of retaliation. All actions of an authoritarian mindset. He is not just a danger to democracy domestically, but to democratic ideals around the world.
No I didn't get a bonus! The company I worked for 21yrs shut down all it's top paying manufacturing plants and sent us to the unemployment line. On top of that we were cheated out of some of our severance of pay.
There have been 3 million illegals hired since 2019, 1.4 million native born laid off. They are replacing domestic workers with cheaper labor. It's why they won't deport them, its literally the work force.
Gosh that sounds like more of the work should be vested in the needs of the labor. Economically & Politically. Democracy & organizing Can do the most credible ideas. Its NEVER get rich quick or ez.
Ensigns many of the automobiles used parts from China, even domestic ones, Trump's idea of a so-called tariff would lift the price of that car again. His tariff idea is Total Insanity, cited so 515 top economists. But of course he also criticized them. The only wrecking ball that should come is to the whole campaign from Trump. The supreme Court also assisted, by nixing the Chevron deals. Judges will be making decisions that should be done by scientists. Water and air quality will be determined by someone like Alito and Thomas. Breathe carefully and cautiously.
@ashleighjaimaosborne3966 the question is what is the real profit MARGIN. IF It gone down then it 100% government fault if it has gone up then and only then can you blame "greedflation".
@@aaronjjacques Greedflation wins out every time. It is evident in the grocery stores, and all across retailing as well. General motors profit margin went up 150 percent on their models. It is now that they are looking more closely at the EV market, because of pressure to create more affordable ones. Mary Barra as the CEO has astronomical profit gains, as well as stock options. She is only one of many domestic manufacturers. Obama had to bail them out, now since they have come back strong they're at the prophet line again. Mitch McConnell he's the one who said that they should go bankrupt. I remember well because I worked in that industry.
@@Silver-jv1us So the only person that has a selective memory is you, and so you don’t get to pick, and choose at what time you choose to measure the economy, so you can spin it in your favor or in this case, spin it to support your narrative, which is to make Trump look good at all costs. So Trump inherited a good economy, because President Obama and VP Joe Biden clean up George W Bush and Dick Cheney’s mess, and in came Trump, and it got a little bit better under him, and then COVID-19 struck, and Donald Trump showed the world, just how bad he is at crisis management, and he made the situation a lot worse. So truth be known, the economy was doing just fine under President Obama Biden, but Trump took a good economy and trashed it, because of his mismanagement and other misdeeds to numerous to get into, in this one post, not to mention the 3 Supreme Court justices that moved the court so far right that Chief Justice John Roberts has been rendered to the courts Jester, as Clarence, Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy I won’t tell you the truth Coney Barrett, has taken a wrecking Ball to the court, sending its public approval rating into the basement, with single digit ratings by overturning precedence, something no previous court has ever done before. So your wishful thinking, is just that, wishful thinking, that somehow you can spend this to Trump‘s favor, but Trump himself, is a wrecking ball, and if he gets back into the White House for a 2nd term, what would he have to lose? Not only that, he would have proven that this notion of no one being above the law, would absolutely go out the window, and so what would the Constitution mean to anybody? The answer of course is it would absolutely mean nothing. It would be nothing more than an historical document, a worthless piece of paper that Trump would have pissed all over it. So maybe you don’t understand the dire implications of a 2nd Trump administration, but I git news for you, you may think that Trump is doing you’re bidding, but Trump is so out of control, that he’s so stupid, that he doesn’t know just how stupid he is, but he’s betting that you’re stupider than him, as he said, I can do anything, and get away with it. I can stand in the middle of fifth Avenue and shoot someone and my supporters are so dumb that they wouldn’t hold me accountable, however, there’s just one problem, it’s people like me that he can’t fool, and it’s people like me, that will make damn sure that he’s held accountable, and you can take that to the bank, but what I fine to be ironic, is they are Republicans who are scared to death of a 2nd Trump administration, but that they’re relying on people like me to do what they are in capable of doing, because of their fear of Trump, and that is to put the final nail in his political coffin, and I for one will happily grant them their wish by voting blue up and down the ballot on election day because I recognize the value of my vote, and I also recognize the danger of the giant orange douche who thinks that he is the chosen one even having the temerity to compare himself to Jesus Christ Almighty himself, and I find that to be not only just tasteful and stupid and dishonest and factually false, he’s anything but a compassionate man, a religious man or a caring man, quite the contrary, he’s a convicted felon, a criminal, a moron, a racist, a thief, and cheat, and he will never be anything more than that, because that’s all he aspires to be. Capeesh! Cheers 🥂
@@mr.majestic3851 Oh I see, if we have good years with a Republican in office it was only because of democrat control years prior. And likewise if we have bad years under democrat control it’s because of the prior years of Republican control. Got it. What a short bus…
@@mr.majestic3851 Well that’s a very convenient philosophy. Whenever your side does poorly it’s because of the previous guy. Whenever the other side does well it’s because of your side’s hard work! 🤦😆🤡
Biden said he would eliminate student debt. Hmm. He also said we'd get $2,000 checks. But he did get the Chips Act passed, that gave out BILLIONS in corporate welfare. The democrats are no better than Trump, they are both two shades of the same corporate party. The democrats are operating business as usual, but they want us all to be really really scared if trump is elected, please send all the campaign contributions you can...while we put up the worst candidate in us history, no incumbent has ever won with approval ratings in the 30's.
1. Renegotiating nafta 2. Moving the embassy to Jerusalem 3. Lowest black unemployment 4. Largest increase in black owned business 5. More repatriation of wealthy since world war 2 6. Lowest Hispanic unemployment 7. Lowest youth unemployment 8. 9% cumulative inflation (including covid) vs 20% for biden 9. No bank collapse 10. No new wars 11 energy independence 12. Lowest cost per barrel extraction cost 13 all time low gas prices 14 fully funded HBC
Medicare and Medicaid has been cut for my sister, her friend, and this was military, in his case. and myself as our Social Security increased putting us over the limit to be covered! 😮 This may explain why people are not happy with Biden. These cuts are on the Federal level.
Biden was handed 1.4% inflation, $1.87 gas, and world peace. Americans had $1200 more monthly than today. The reason Biden is losing is purely this thinking
The last time these smug schmucks entered the grocery, they still had full heads of hair. They don't remotely care what happens to the plebs as long as their buddies hold power.
and yet:In 2023, the median total compensation for S&P 500 CEOs increased by 12.6% to $16.3 million, which is more than three times the 4.1% increase in wages and benefits for private-sector workers.
Only if you double and triple could the value of all their previous years stock. How much would you wage have gone up if you added the price of your house to your salary EVERY YEAR.
I lived in New Hampshire and it celebrated not having a state income tax. Except they hit you with huge taxes everywhere else. Gub-ment gonna get its pound of flesh one way or another.
That's what always happens with no-income-tax states. I'm in New Mexico, and in neighboring no-income-tax Texas, it costs 5 times as much to register a car. Texans deny it, because it's (openly) hidden in a fee for a "safety inspection" they have to have, but it comes out of their wallet just the same. Same with property tax: much higher than NM.
That was my overwhelming thought too. What an embarrassment! I totally agree with everything you said other than one thing. You owe my pitbull an apology. He was embarrassed by her too.
I got 3 pay raises during the trump administration, and bought a new truck at 6% in 2018, and a house in 2019 at 3.1%. My health insurance premiums went down, and My payroll tax deductions went down.
Remember how much of a negative effect it was on the US economy, losing just ONE million people (from COVID), can you imagine what would happen if we lost 15 million????????????????????????? YEESH!!!
We need to create a new currency system. We should have never gone off the gold standard. OR we need to go back to taxing the rich to get the currency back into the economy.
Yes! I agree that we have reached Peak capitalism and major changes are needed to progress. That doesn't mean I'm not voting for Biden in fact I'm voting blue all the way up and down the ballot hoping that all of these new young voters will help this country continue to make positive changes. I'm 72 and I've had my time of protesting and activism thank you. Really quite shocked that we are where we are at right now though
It’s not about the $30K car becoming $60K, it’s about the $3 loaf of bread becoming $8 or the $5 gallons of milk becoming $12. Someone struggling to afford basics today isn’t even contemplating a $30K car but they are sure counting pennies to get that $3 loaf of bread.
Love you Robert. But the established parties and elites have not listened to us for years. Both Dems and Reps. We are now looking for someone that will put the people first. We do not see that with Joe, or his party.
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
130 percent tariffs sound good to me to replace income tax. Thats about the level of damage that has been done since imports happened in the 80s. A mail clipper costing 3 dollars wouldnt be bad if it gave my neighbor a job, and caused my house to sell for more, and for people to spend more at my restaurant. Autos would be exempted because they are made here.
Many auto parts and the materials that autos are made from are imported; specialist steel for example which is NOT made in the USA - so auto prices will also jump as those tariffs, which are paid by the importer are passed on up the supply chain to YOU, the buyer. China is not going to be paying the tariffs, just like Mexico isn't going to pay for the wall.
What would happen if those manufacturers decided not to sell in the U.S. because of those high tariffs? The gov would have no income to run the country.
@@Zeus-dw1cx Everyone would. This is not a new idea. They claim being taxed on what you buy is fair across the board but poorer people simply can’t afford it.
Hoover, Reagan and Trump all tried improving the economy by reducing taxes and deregulation. The result was similar each time. Companies used the money for stock buy back and mergers. They did very little to no investment to improve productivity. They didn't pass tax savings on to workers in pay rises or bonuses. Lack of regulation didn't promote innovation. (Stock prices were helped some by this during all three era. But obviously it didn't help enough to matter during the Hoover era.) Trump said that he was surprised trickle down economics did not working. Either he is a bad business man and didn't learn from the Reagan era. Or he knew what to expect and was looking forward to those results. Either way, is that the type of President we want.
Sounds like he wants a national sales tax, cause he says he wants to get rid of income tax. Seriously bad idea. This will cost Americans hugely, especially middle and low income.
Some targeted tarrifs do work to balance the trade deficit. That said, too many tarrifs on too many products do rise the prices for the consumer. It is a delicate balancing act, and Trump lacks any of the required balance or ability to be delicate.
He increased the tariffs. He also kept the same border policy as Trump. He didn't forgive student debt, he hasn't broken up the big corps, like Google, FB, etc. He has barely done anything for normal people, but he did give Intel BILLIONS in welfare.
@@alindasue Yeah, Biden just set the US back a decade by putting tariffs on Chinese EVs. The consumer and the environment would really benefit from affordable $15k electric cars, but I guess Tesla's stock price is more important.
This makes me laugh. The other president didn't make us any off. We all as taxpayers have to pay for any decisions made in Washington no matter who is in charge. We all are suffering.
The thing that frightens me most about MAGA is that there are people who moved to my hometown from other states, and some of them think I'm from Mexico for some stupid reason. Thank God I moved out of there last year just in the nick of time. Whether Trump or Biden wins, those people are going to be extremely mean to anybody who they perceive as being from Mexico.
To me, it would have been nice to see who Robert Reich was talking about and the backup clip showing whoever said that, before your clip started. And oh, by the way, I really admire Robert Reich
The Obama administration, coming in, suggested having IRS do your taxes automatically so you would not have to "file" but they would calculate it and send you their estimate. Can you imagine Trump thinking that up, he'd actually have to pay.
"Politics is now and always has been just the clever and deceptive art of using euphemisms, lies, emotionalism, and fear-mongering in order to dupe average people like you and me into accepting and demanding the chains of our own enslavement."- Larken Rose. The Dangerous Superstition.
It is always tempting to pass a law or take an action that corrects what one considers egregious and think it is a simple fix that has no unintended consequences.
Watch. Rather than actually collecting tariffs, he will just say to China and Japan (both whom we owe money to), is we will just subtract the loan from the tariff like installments.
Drump fascination with the Arctic concept of tariff, used in the 19th century. It is like he thinks he is auditioning for the role of a cliché villain for the movie, Cheech & Chong's The Corsican Brothers.🤦🏽♂
He's talking about cutting taxes for the rich again. Geezus ehat does he want just to give them bonuses back??? Don't forget tariffs are put in the price of the goods bought by the people!
