U.S. Economy (Where we went wrong!) Former Advisor to Pres. Reagan & Prof. of Economics, Steve Hanke
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- เผยแพร่เมื่อ 3 พ.ค. 2024
- The U.S. economy is based on three principles; land, labor and capital. Where did we go wrong with fiscal policies to amass more than 34 trillion dollars in debt (and counting)? Former Member of President Reagan's Council of Economic Advisers and current Professor of Applied Economics, Johns Hopkins University, Steve Hanke, shares is opinions on what Americans should expect next with the economy.
Follow Professor, Steve Hanke on X:
/ steve_hanke
#useconomy #usrecession #housingmarketnews
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My grandfather died in 1999 and was born in 1900. He stated this: “If a man’s handshake cannot be trusted, his signature is worthless”
And BEALIVE IT OR NOT THAT IS TRUE, that is why this day many people avoid doing that and prefer to use a fist, because is cool. That why I do not do business with such of person.
People now offer their closed hand for a bump ain't working for me.
My grandfather told me in the early 70s that the fiat currency would destroy this country because there is no way to keep it in the corral. He said it would all come crashing down within 50 yrs, he didn't miss it by far, good old fashioned horse sense is usually correct.
Agreed
Agreed in full
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. It's obvious we are neck dip on inflation,it is always the poor who take the hit.
I feel sympathy and empathy for our country, low income earners are suffering to survive, and I appreciate Caroline. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading.
I'm in a similar situation where should I look to increase income? Do you have any advice? What did you do? Thank you
My major concern now is how can I generate more revenue during quantitative times? I can't afford to see all my savings crumble to dust.
Thanks to Mrs Carolina Maria Bravo
She's a licensed broker.
In 1975, when debt to GDP was 30%, the federal government wouldn’t give small loans struggling rail carriers that were burdened by labor featherbedding and govt regulation. So the carriers went bankrupt, competition lost, jobs lost, and we have trucks on freeways and a rail monopoly. Today debt to GDP is 120% and the government is dropping helicopter money and spending recklessly. The government mismanaged our economy, big time.
U left out a huge piece of info And it was under Nixon
Why do we pay taxes if they can print unlimited currency? Why does US GOV borrow from the FED if we can keep printing? All the answers are welcome
Our government is owned by the banks and we are serfs working for those banks.
Hamilton won, and now we see exactly what Jefferson and Madison predicted.
How else would they know how much to add to the debt? It's the same amount taken.
Taxes aren't about money. Taxes are in place to control the behavior of the American people.
Taxes are meant to pay for public projects 🤭 but also, there’s an off-label use of reigning in your purchasing power and keeping you engaged in the work force.
One thing/word from your government : "CONTROL".
Steve might be one of the hardest working people around. This man is literally coming out with a new interview for multiple channels everyday + his day job.. crazy
Love your work Steve
You realize he has a team, right?
Get it right - student debt was not in most part caused by irresponsible students - it was caused by irresponsible legislators. In the 1990’s I served as a university president at a public university. It is and was state funded - and historically tuition was collected and returned to the State government. Minimum sentencing laws greatly increased the need for more prisons, and legislators were loath to raise taxes. Shortly the legislature changed stripes and told the university to KEEP tuition AND the university trustees could now set tuition. What a trap. Less state money to run the place, greatly increasing costs, and only students to take the cost burden. Tuition at my university increased by double or triple rates, and soon students began leaving or defaulting. The solution? The FEDs showed, eager bankers in tow, with easy to qualify “free loans” with no need to repay until post graduation. A TOTAL screwing of students aided and abetted by irresponsible state legislatures, friend seeking FEDS and GREEDY bankers. We need to tell truth about the origins of this mess.😅
👏🏽👏🏽👏🏽
yep, what screwed students is and was the high interest rates, noone should be making more than 1% on the backs of students just wanting to learn
It was a scam between Big Banks and Big Government
Lots of crooks out there always has always will be .Gotta be careful not foolish borrowers were foolish also
And part of the problem is they shoved the fact you need a college education to get anywhere. So the lower educated kids who had uneducated parents, just signed papers to go to school without having the proper mind to think about what they were getting into. The schools didn't care to help inform those people either.
we went wrong with the start of the Fed Reserve and the income tax
A National Sales Tax, no income tax, no FICA is the way. No raise in the initial rate for seven year intervals and it cannot be raised greater than 1/2 % per 7 years. No tax on services, only purchased goods. Government inflates and increases debt, we have less money and buy less so as they screw up, their money to run the Government reduces. Keep us happy and spending, we give back. No entity, person, or organization is exempted. Everyone pays it, including politicians
This country started because of taxation, what was the taxation rate the king imposed that lead to the revolution?? there was NONE, Tax revenue came in the form of fees, tariffs, fines, and duties. Imagine. we would be so lucky
Repeal the 16th Amendment
Both are unnecessary!
@@HardEdge53 regressive taxes don't cause social upheaval at all...
My favorite podcast of all time, learn so much about the economy, real estate and world affairs. Thank You keep up the good work.
Janet Yellen to China " overcapacity" " USA Government debt 34 Trilion dollars is overcapacity. 860 bilion dollars military budget is US overcapacity 😂
The military is one of the only things they should spend money on. Lazy people who don’t work and illegals should not be getting free money and healthcare. You don’t work, you don’t eat!
Americans haven't run out of paper yet, what is the worry?
Apples to Oranges
@@douglaswong6975 they will soon like Venezuela bulivar and Zimbabwean dollars 😂😂
Comrade Joe !!! Wake up America. listen to the PROFESSOR
FAULT: YOUR CRAZY POLITICIANS AND CORPORATIONS
Greed
@@johnz.2907 NONO *It's delusional female voters*
@@johnz.2907politicians aren't crazy. Their palms are being nicely greased.
Larry Fink and W3F
No, Americans are at fault. When tyranny arrives and Americans are complient, this is what we get.
Excellent discussion with Professor Steve.
The professor discussed economics and politricks, and made truthful comments !
He is so smart and entertaining.
I hope he can be brought into our next economy as we transition from the fiat financed.
I think we are in a 3rd phase now: 1. 1971-2008, 2. 2008-2023, 3. 2024-onward
Tangibles, commodities, and commodity banking will be a significant part of this 3rd phase...not fiat finance.
Every day until the (huge debt) economic crash is a gift.
Two questions I'd like to ask economists. The first one is why is it economist never call for an increase in taxes on corporations or the business class? The second one is if you only count GNP as a means of measuring a good economy, that does not take into consideration who received the benefits. Idf the benefits only goes to the investment class, you have factored into the equation did it raise the quality of life for all citizens?
because the sanctions that America has imposed on many countries have made many countries think about moving away from the US dollar and looking for other alternatives
That has nothing to do with it.
The value of currency can be tied to any asset or left to float freely on the market. The United States Dollar is based on market demand. The United States for the past 50 years was the country with the highest exports (in particular high end goods and services).
That allowed the US to take on massive amounts of loan debt to grow the economy because lenders knew they could repay it.
As the 1980s hit, China enacted market reforms and their system of law allows the government to suppress their wages. The Chinese suppressed labor costs and the Chinese State offered Western companies the ability to operate in China as long as they split profits with the Chinese government.
The Chinese are the only country that suppresses labor costs and for that reason they are the most competitive in the global marketplace for large scale manufacturing.
Now the Chinese state has built up so much revenue that they can afford to invest in the same high end goods and services that the US offers.
The competition is real right now and the only way the US competes is by lowering labor costs and fixing government fiscal policy
It’s that simple. Needles more speaking about it.
I'd like to get a moderator response on the idea of what 30% to 36% interest does to society. Do you think creditors should be allowed to charge this much interest? I think that there should be a cap on what any creditor can charge in interest. Otherwise, yes, our society based on consumer spending will cease to be. People cannot survive much longer with 36% interest.
I actually get what you’re All talking about. It only took 45 years. I was a sleep.
Thank you
Who is at Fault. The US military industryal complex and the "" Federal Reserve Bank " Private Bank doesn't belong to the US government 😊
It’s a proxy for Israel.
What a great interview! Thank you, Mr. Hanke.
As a Bulgarian, I can attest that Steve is a true magician! In 1997, we would have collapsed financially without the board. Pay attention to what he says!
A wise economist said : “ Don’t do as bankers SAY - do as bankers DO ! “ They are the true insiders ; if the Central Bankers GLOBALLY are stockpiling physical gold , AND governments ( like India ) are also stockpiling PHYSICAL SILVER ! Silver is now 50% its all time high of $50.00 and that was in 2011 ! Adjusted for inflation - it’s FAR below 50% . Today would be a great time to consider obtaining physical gold/silver .
Peace ☮️
Waiting for future consumption?! No disrespect, but inflation knocks that right out of the air. It’s currently all about accumulating assets as fast as possible.
Wash, rinse,repeat. Story of mankind.
This man is your best guest that I’ve seen- So much knowledge and wisdom.
Awesome pod, thanks for this information, much appreciated. Love Steve’s viewpoints on these economic topics and politics!
it is interesting to see how Mr.Sachs is drifting from realty to economics
Reagon borrowed the SS money, never put it back. Reagon took 1 trillion Vietnam debt leaving 3.87 trillion. Reagon started all that we live through. This guy is part of the problem
You forgot the Democrat controlled senate and house that encouraged it!
He also gave amnesty to millions of illegals and gave immunity to vaccine producers. And still dumb republicans cheer and worship reagan.
FDR started the demise
He lost me when he said how great Clinton was
Clinton destroyed the USA middle class
His cronies stole trillions from the collapsing Russia which pumped up the USA economy
So did Clinton!!!
Thank you for the interview👍🏻
Always good listening, things I wish i could have done right.
Great interview.Haft to ask who is considered the most influential as well as second most economist.
I googled years ago economist who predicted the GFC then searched for interviews
I love Warren Buffet's take on taxes. He said that Berkshire Hathaway paid $5 billion in taxes last year, and if 800 companies did the same, no individual taxpayer would have to pay a dime in taxes, and we would no longer have a deficit. There was a time when his company was taxed at 53%. Corporations now pay less than half that. Can we talk about that? Taxing the poor working class and gig workers to death while large corporations pay virtually nothing by comparison. The new corporate paradigm is to make all their workers 1099s. No wonder everyone is in debt. It's shameful that we are in this position.
He's dead wrong about that socialist nonsense. There is nothing positive about giving all the money to government. That won't fix our debt, it will just increase the size and scope of government.
If you dump that much money on the government, they will build a base on the moon with it before they will pay off the debt.
We shouldn't even be charging businesses taxes. The price of goods and services are artificially inflated through taxes, and I'm not sure if you noticed this, but people are having trouble paying for things, even fuel, electricity, and food. Tax money doesn't magically come out of thin air, it comes from the people and goes to pay for government largesse. Way too many people work for the government because it is an employment program for unemployable people.
The idea you just espoused would absolutely destroy our country even faster than it is being destroyed already.
I don't want Elon Musk to pay taxes. He is the best investment ever and he will improve humanity with it. The government steals his money and spends it on crack whores and Beltway Bandits.
If everyone would think this stuff through a little better and go back to thinking about Capitalism like we almost had in the 1980s when everything was going great.
This socialist thinking from the 1990s until now has almost destroyed everything.
Also, you complained about taxing gig workers to death and THEN complained about companies allowing workers to go 1099. Which is it?
Do you understand what 1099 pay is? 1099 is an independent contractor that does NOT have all the excessive employment taxes taken directly out of one's paycheck.
Everyone's got ideas, but few people have any idea what they are talking about.
@@billstrasburg384, Allow us to become low-wage 1099 workers and pay self-employment tax? Like that's a good thing? Most people used to be W2 workers, and the company they were working for shared those tax burdens. Now, 1099 workers are being treated like employees and paying self-employment tax without any of the benefits or protections of a W2 worker?
@billstrasburg384 A 1099 is a way for employers to not have to supplement a worker's obligated taxes. This shifts the tax burden from the employer to the employee. It doesn't eliminate the tax burden!
@@user-py7xe5bb1f Exactly. half the federal and FICAt was always referred to as the Employer share and included federal and state unemployment taxes. So, if I am acting as an employee (not a freelancer) and being paid the same wage as I would as a W2, I am now earning much less as a 1099 because the entire tax burden is on me. Many companies do this because they are expected to supply health benefits if they have more than 20 employees. In a right-to-work state, they can fire you if they dislike how you parted your hair that morning. And there is no unemployment safety net. It's messed up!
Todd at this rate, after the crash, you are going to have a segment on CNBC! Really great quality video.
Excellent
Brilliant, Steve is awesome
What Mr. Hanke is describing is CENTRAL PLANNING. A Command & Control Economy - Socialism/Communism/Fascism - The Marriage of Corporate and State. NOT Free Markets.
Happy Saturday! Coffee with Todd!
Wonderful!
You elect your representatives, and your representatives work for the lobbyists.
What do you expect?
Good talk thanks guys.
Great show, and I certainly enjoyed it. Your interview was great as you both let each other get your point across, something that doesn't happen in MSM which seems to want to steer the conversation where their puppet masters want it to go.
Senators Dole and Lott are often overlooked regarding the reining in of federal spending at the end of the 20th century.
The inventory just went bonkers in Florida!!!😁😁😁😁
Excuse me, it also went BONKERS in Texas!!
That is because everyone wants to get out before the sea rises and floods the state.
Tennessee as well. I saw another podcaster using the reventure website to show inventory shortages and surpluses by state, county, and cities. Nice tool if you're into real estate.
@@sandponics lol you climate cultists are funny.
@@ltankhsd tell that to the insurance companies dropping thousands of homeowners or hiking the insurance by tens of thousands a year lol denialists are even funnier.
Great information
I believe that the strategic decision to invest in Chip manufacturing technology that the world needs to move forward is far superior to taxpayers subsidies of professional sports.
Cincinnati taxpayers passed a resolution to increase taxes for $260 million to build two stadiums.
After the resolution passed, the city leadership and club owners then spent $1 billion to build a separate baseball stadium and football stadium for teams. Thus subsidizing the millionaire owners, and then coming back to the taxpayers for more.
have built the stadiums and then blackmail taxpayers into building them a new stadium when they threaten to move the team to a different city for increased owner profit
it would’ve been a far superior plan to offer Toyota or Honda or Nissan $1 billion to subsidize a plant build cars to hire thousands of full time assembly workers keeping manufacturing in Ohio
Aerobus subsidised by French government
The rate at which government expenditure is rising is faster than people's earnings. Taxes can only be raised that far before be feel a state of slavery, especially if taxes become more than 50% of people's earnings.
Great interview great guest 👍😊
Love this guy
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Celia dullpher
Please educate me, i'm willing to make consultations to improve my situation,
She's recognized as 'Mrs Celia . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Please how do I find this financial counselor?
I'd love to know this mentor of yours
What went wrong with the US economy? According to Trump, it's "Chainah, Chainah and Chainah!"😂😂😂😂
Forgiving student loans never made sense to me, but this discussion made me realize that the banks benefit as much or more than the people who are getting their loans cancelled. Could this be yet another creative method to bail out banks using taxpayer money? The failing banking system is the elephant in the room, with the worthless fiat dollar front and center.
The whole college system was a hustle. Millennials got hustled.
Herd of elephants !!
Forgiving student loans is meant to increase consumer spending in the economy against a backdrop of decreasing debt securities
There is no light at the end of the American economic tunnel…
Are we better of printing US$ (its OK if US$ value decreases -- make imports more expensive). Its OK to spend on infrastructure, encourage industrial investment, education, entitlements....etc. Something to consider?
Amazing interview. I could listen to professor Hanke all day😊😊
And become dumber with every sentence out of his mouth!
We admire you Professor. Thank you for this interview.
This is a great & informative session. Thanks for bringing Prof. Hanke for a talk. learnt so much in this conversation. Very useful knowledge to navigate the tricky money world of these days! Cheers
Thanks for sharing your pets . Love nugget and his interaction with other pets. Animals are so fun to watch
Brilliant interview Brilliant Program Definetly Like 👍👍
The US national debt is more than $34 trillion, with 22% of it held by foreign entities. The US also has $40 trillion in unfunded Medicare liabilities and $26 trillion in unfunded Social Security liabilities.
The US dollar is the dominant reserve currency, backed by its perceived strength, allowing the US to print unlimited dollars as long as the world maintains trust in it. The US dollar is the backbone of US power, and any actions that undermine confidence in the currency threaten to destabilize its position of dominance. Each unilateral sanction imposed by the US risk damaging the stability and credibility of the US dollar, leading to dire consequences for the nation's power and influence. The US is the only country actively undermining the strength of the US dollar. The freezing of Russia's $300 billion currency reserve by Western governments may lead countries to reconsider investing their funds in US Treasury bonds and finding ways to reduce their use of the US dollar.
A significant portion of US dollars is held outside the US, estimated at 60-70% of all US dollars in circulation, due to its status as the dominant reserve currency and wide use in international trade and finance. The one trillion dollar trade deficit of the US is a consequence of being the reserve currency, as a strong dollar makes it difficult for US businesses to export goods and services while simultaneously making it easier for other countries to sell to the US. Countries are expending resources and labor making goods and shipping them to the US in exchange for green pieces of paper. The US is sending back mostly empty containers.
The US budget deficit is $1.7 trillion in 2023 which must be paid for by selling more Treasury bonds. The interest on this debt is greater than the military budget. To pay the interest on its debt, the government sells more Treasury bonds, leading to a cycle of increasing debt. The US printing of dollars has been exporting inflation in other countries for decades, but will eventually increase US inflation. Raising interest rates to fight inflation decreases consumer and business spending, increases the trade deficit, and higher interest payments on government debt. Other countries will respond to the US raising of interest rate by raising their interest rate, risking global recession. The Plaza Accord addressed this issue in the past, but it will be challenging to implement such measures now.
A well-run country collects taxes to fund essential services and infrastructure. In the US political system, wealthy corporations and individuals can lobby for tax breaks. The shortfall in funding for the US government has reached $34 trillion. Instead of collecting taxes from wealthy corporations and individuals, the government pays interest to them.
Banks hold Treasury bonds for their safety, liquidity, regulatory compliance, and potential profitability. When interest rates on Treasury bonds rise sharply, the decrease in existing bond values reduces liquidity and makes it harder for banks to raise cash quickly. This causes depositors to lose confidence, triggering a bank run. In response to the current bank run, the government is issuing Treasury bonds to raise funds to compensate depositors for any lost funds. There are $19 trillion in deposits in US banks. The estimated unrealized loss on US banks' financial assets is $1.94 trillion, while the total size of their equity is $2.1 trillion. SVB had taken a $15 billion loss, while their capital is $16 billion. Around 2,315 of the 4,800 banks are currently sitting on assets worth less than their liabilities. It's a systemic issue.
A similar issue is being played out with risker Mortgage-Backed Securities (MBS) valued at $12 trillion.
The new Bank Term Funding Program (BTFP) helps prevent discounted bondholders from taking losses when they have to sell them urgently. The BTFP accepts discounted bonds at face value to be used as pledges for loans to inject more money into the economy. Risking more inflation.
It's a Ponzi scheme. Ponzi scheme cannot taper. We reached the can and there is no more road.
OmG is this the guy who gave us Reaganomics? 😳
A real adult in the room at this maddening time. Yes,trust is everything.
A persons handshake means little anymore because of the break down in families. Back in the day, your handshake was your bond because no way you wanted to embarrass or give your family name a bad name. People have little pride anymore but that is what comes with having broken families. Fathers matter.
yes, I agree that there are government subsidies for chips.
however, this is a strategic spending decision so that we both have electronics for defense, as well as to keep our modern technology world working of all things we are spending money.
This is an investment in the future. it is also strategic because it will keep us out of a third war overTaiwan if the US can be independent of Taiwan lock on required highest technology chips.
😂
I should add that anything for national defense is already built by American hands and ran through defense spending.
I thought it was about saving the people
By gearing up for US semiconductor production, Biden is quietly admitting that we will totally let China have Taiwan.
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel pity for our country. A lot of people are suffering to survive! I appreciate Lindsey Jaedyn! Imagine investing $2000 and receiving $10,500 in 5 days
That is true my dear, Investment is the best idea presently and without it, human struggles are worthless.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust
Fact about investing is money invested is far better than Money saved. When you invest, it works for you and help you bring more money back to you
Wow, Londsey that's incredible! It's truly inspiring to hear how mentorship and your dedication have led to such remarkable financial success.
I've seen different people talking about this Lindsey Jaedyn she must be very amazing for people to talk this good about her.
Real estate podcast?????
Much more than that!!
This is what the web is for.
BRICS + 20 countries will finish the US Dollar by Not using the US Dollar in trading between themselves 😂
Reagan started the deficit spending
This new system isn’t stupidly, though. It’s simply the transfer of money and more power to the government and their comrades. I used the word “comrades” intentionally.
They don’t discuss the huge bank subsidiesthat kept them afloat during the mortgage loan debacle.
Can anyone name the owners of the Federal reserve? Who gets the 3% interest we are paying?
Nice set, Todd. Your'e interviewing skills have greatly improved.
So He was the guy, who made "TRICKLE-DOWN" phrase??
Yes Trickle down in the CRUKED GOVERNMENT pockets 😂
I'm really dissapointed with Todd having all these malcontents on his channel. We see what a lie "trickle down" is and was.
Our untamable inflation is the result of ongoing relentless sanctions against everyone else but inevitably hurting ourselves
Great guest! Very easy to understand. Love this episode.
BG!!! bravoooo brat! ne znaeh che si bil s nas! qkooo!!!
bulgaria has its own internal political buerocracies, this man knows how to see corruption because of our own Bulgarian bullshit
Nationalise the financial services industry and balance the USA budget,
TRUTH
All of this started under Reagan.
no lol this started during the French Revolution.
Wrong it. Started in 1913 the creation of the Federal Reserve Bank.
I went into a little detail before seeing your comment
God he did so much more to hurt the working man.
Nope started with Regan I'm right you wrong I win you lose 😂
NIXON 😮
China's "overcapacity" will eventually reach to the point where people around the world would ask, do we still need US green paper? The more sanction the US put on China, the faster China moves to that direction ---- "overcapacity".
LVG 🎉
😂
We need to reform from debt to charity monetary system and enable the treasury to print our money than the private banks. For more details listen to Money masters made by Bill Still
I wish todd could hold his bias back during these types of interviews because hes been getting some really smart people on his show and really shows the difference in intellect between himself and the people he interviews. He obviously knows real estate, but when he starts talking about politics and finance like he knows something, he keeps getting wrecked 😂. Leave your policital bias asside when youre talking with smart people.
What's laughable is that Mr. Hanke suggests an individual keep a positive cashflow. In other words, balance your budget. Why should I if the US government refuses to do so?
Great podcast terrific guess thank you for doing such an informative and wonderful job of reporting economics and facts
As far as the people living here saying that they are Americans Many never lifted any thing but a comment and still have no idea of what is CALLED AMERICA 👀👂👂✨
7:00 its a monopoly on counterfeiting
Gun vs Butter issues
Nation chose gun to be powerful at the expense of economy
Common Sense at fault
You can't deal with the devel you have to do business with your friends not your enemies, so no bricks members 😢
There is a way to pay the debt that the reserved learned in 2009. Crash the stock market really well, then step in and buy 10 trillion (most of the market), then pump it up again, and sell it. Also you can buy banks as they go slightly insolvent, and wait until the real estate gets better. Most of the crash was caused by mark to market accounting, which bankrupted the banks.
Another secret is 7 trillion is not really even debt.
Imagine if USA is friends to all countries, the market for USA products will be enormous. There will be work for all Americans who want to work!
71..and Reagan .
Protect yourself, purchase physical gold.
Storage presents a risk. While you are “protecting yourself” the government will be seeking to seize your gold as they have in the past.
One question. Who is behind and for what reason is every one of your videos consistently crying wolf. This guy may have a lifetime of credentials, but that does not make him correct. For one thing, he is a Reagan Supply Side, Trickle Downer, that should be enough to prove his incompetence.
Exactly
SOLELY POLITICIANS !
Convention of States
👍
👍👍
There is a third door. Stop the spending and quit giving borrowed money away. Government politicians won’t choose that until the collapse starts. The inflation tax affects everyone and would be more effective because of the numbers of people participating. To expect the “rich” to pay more taxes to carry the country is laughable.
Nice guy and very knowledgeable guest.
Return to being an honest builder, Todd.
Real estate is built on what? Duffu's?