In part 2, Bob Pollin, economist and Co-Director of the Political Economy Research Institute (PERI), lays out policies to increase workers’ wages and bargaining power and bring down the price of food items such as eggs. He tackles the issue of U.S. government debt, as well as fiscal conservative and MAGA Republican claims that China owns most of this debt. These falsehoods deflect from Trump’s massive tax cuts for the rich and his high military expenditure, which ran up U.S. debt far more than under the Biden administration. Pollin asserts the best way to reduce high-interest payments on U.S. debt and support social services is to increase government revenue via capital gains and income taxes. Please donate at theanalysis.news/donate/ - we can't do this without you.
Inflation Control and Curbing Workers' Power in the Neoliberal Era - Bob Pollin Pt. 1/2: th-cam.com/video/oClz-Y-8myY/w-d-xo.html Come visit us at theanalysis.news Sign up for our newsletter: theanalysis.news/newsletter/ Like us on Facebook: facebook.com/TheAnalysisnews-111882350255869 Follow us on: Twitter: twitter.com/paul__jay?lang=en Instagram: instagram.com/theanalysis.news/ Linkedin: www.linkedin.com/company/theanalysis-news #PaulJay #theanalysis #2024election #economy #donaldtrump
Why say Trump has run up more military spending then Biden? A quick search shows the same amount was signed in. "Biden’s proposed FY2022 defense budget of $753 billion essentially embraced the massive defense spending increases seen under former President Donald Trump - and has drawn criticism as a result" Considering Ukraine spending and Israel it would be much more under Biden. We all understand that taxes make money disappear and debt is just what we call money, asking for less money in the economy is asking for less debt. We all understand thet debt is money and they are just two sides of the ledger and that taxes pay for no current spending?
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
YES!!! That's exactly his name (Steven Hatzakis) so many people have recommended highly about him and am just starting with him from Brisbane Australia...🇦🇺
He's my family's personal Broker and also a personal Broker to many family's in the United states, he is licensed and a FINRA AGENT in the United States.
Seriously? The working class is doing okay? Then why are 40% of the students in my high school on free or reduced lunches? Why are there people on street corners begging? I'm out of here.
20 million chickens lost to avian flu if that is the correct number is 5% of the egglaying flock hardly a reason for a 200% price increase. Grocery prices went up 35%.
"To reduce high-interest payments on U.S. debt and support social services, we need to increase government revenue via capital gains and income taxes." ok, sounds like a plan. Make sure the interest rate is always less than the return on riskier investments.
This is a bunch of crap there is no national debt the government of the United States doesn't borrow its own currency that it has the only legal authority to create. The so-called national debt is nothing more than treasury securities that are left over from the gold standard. The only problem that could possibly exist with the so-called national debt is the interest income transfer payments that might cause inflation. There is no debt that the average citizen will have to pay back it is nonsense. Learn mmt please
Technically no the Federal Reserve is the make and own the fiat currency the U.S. dollar. The federal reserve is private company not part of the U.S. government
The Federal reserve is an agency of the United States federal government it was spoken into existence by Congress in the Federal reserve act of 1913. The Federal reserve chairman has to be confirmed by Congress the Federal reserve must turn over all profits minus expenses back to the treasury of the United States the Federal reserve is an agency of the US government
Well the debt is paid back, that's what are called taxes, they make the amount on the loan lower. All money being debt it must leave again so we are all paying with our lives, at a cost of around 4 cents per hundred dollars to create, that we pay back full value.
Anyone who does not argue for interest-free credit, is controlled opposition. Their efforts are futile, because all interest compounds in value chains. Exept with gold, which is strongly deflationary adn thereby just another evil on usury.
@ there should be no inflation and interest is unnecessary in a stable passive BIBO currency system. Interest is always systemically instable. Mind you that even lineair compounding reaches infinity over time. Why would anyone choose a system that is fundamentally instable?
They create this credit at a cost of around four cents per hundred dollars, we pay this back full value with our lives. If I had a printer and you said I could offer it for free and I would get goods etc from overseas, and people will do anything to get it it would still be a great deal but interest is inflation, the only way growth can be shown in the scenario of finance and higher price is defined as growth, then inflation needs to happen, for them. Interest free credit means more money/debt in the system, as all loans must return to zero low interest means the money need to come out again so by saying free credit you are actually saying you want higher taxes.
@@eroceanos Taxes pay for nothing and all money is debt, taxes literally make money disappear and all current govt spending is new debt, if water in a bucket is money in society, govt spending is water coming in and taxes are the hole in the bottom to take it out other wise you the bucket overflows, You are saying stop water coming in and fill the hole but then taxes would have to be depended on for govt spending and no govt depends on taxes for spending, none that print their own money.
In part 2, Bob Pollin, economist and Co-Director of the Political Economy Research Institute (PERI), lays out policies to increase workers’ wages and bargaining power and bring down the price of food items such as eggs. He tackles the issue of U.S. government debt, as well as fiscal conservative and MAGA Republican claims that China owns most of this debt. These falsehoods deflect from Trump’s massive tax cuts for the rich and his high military expenditure, which ran up U.S. debt far more than under the Biden administration. Pollin asserts the best way to reduce high-interest payments on U.S. debt and support social services is to increase government revenue via capital gains and income taxes.
Please donate at theanalysis.news/donate/ - we can't do this without you.
Inflation Control and Curbing Workers' Power in the Neoliberal Era - Bob Pollin Pt. 1/2: th-cam.com/video/oClz-Y-8myY/w-d-xo.html
Come visit us at theanalysis.news
Sign up for our newsletter: theanalysis.news/newsletter/
Like us on Facebook: facebook.com/TheAnalysisnews-111882350255869
Follow us on:
Twitter: twitter.com/paul__jay?lang=en
Instagram: instagram.com/theanalysis.news/
Linkedin: www.linkedin.com/company/theanalysis-news
#PaulJay
#theanalysis
#2024election
#economy
#donaldtrump
Why say Trump has run up more military spending then Biden? A quick search shows the same amount was signed in.
"Biden’s proposed FY2022 defense budget of $753 billion essentially embraced the massive defense spending increases seen under former President Donald Trump - and has drawn criticism as a result"
Considering Ukraine spending and Israel it would be much more under Biden.
We all understand that taxes make money disappear and debt is just what we call money, asking for less money in the economy is asking for less debt. We all understand thet debt is money and they are just two sides of the ledger and that taxes pay for no current spending?
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28,600 weekly profit regardless of how bad it gets on the economy.
YES!!! That's exactly his name (Steven Hatzakis) so many people have recommended highly about him and am just starting with him from Brisbane Australia...🇦🇺
He's my family's personal Broker and also a personal Broker to many family's in the United states, he is licensed and a FINRA AGENT in the United States.
Steven Hatzakis has really set the standard for others to follow, we love him in Canada🇨🇦as he has been really helpful and changed lots of life's
The very first time we tried, we invested $1000 and after a week, we received 4500. That really helped us a lot to pay up our bills.
This sounds so good and i would like to be a party to this, is there any way i can speak with him?
Bankrupt, both financially and morally.
I can't wait until the thinly vailed "Vote Harris" rhetoric ceases on this channel. 🙄
Great interview and reality check.
Translation Rich oligarchy
Elon Musk are not patriotic
Patriotic would sacrifice a little to help the less fortune
Just ignore the railroad workers who couldn't get a day off out of 365
Seriously? The working class is doing okay? Then why are 40% of the students in my high school on free or reduced lunches? Why are there people on street corners begging? I'm out of here.
FED BUYES ALL THE DEBT AND BY LAW REMITS ALL INTEREST BACK TO THE TRESURY. NO PROBLEM OTHER THAN T
YOU PAY 50 BUCKS FOR A BURGER.
20 million chickens lost to avian flu if that is the correct number is 5% of the egglaying flock hardly a reason for a 200% price increase. Grocery prices went up 35%.
"To reduce high-interest payments on U.S. debt and support social services, we need to increase government revenue via capital gains and income taxes." ok, sounds like a plan. Make sure the interest rate is always less than the return on riskier investments.
Yesterday's newspaper will not tell you what's going on.
I wonder if we decided to skip Amazon sale days, until, the gouging stops.
This guy is a tool of the state.
over 2M private sector engineering jobs have been lost, idk what u dems are talking about
This is a bunch of crap there is no national debt the government of the United States doesn't borrow its own currency that it has the only legal authority to create. The so-called national debt is nothing more than treasury securities that are left over from the gold standard. The only problem that could possibly exist with the so-called national debt is the interest income transfer payments that might cause inflation. There is no debt that the average citizen will have to pay back it is nonsense. Learn mmt please
Every dollar of national debt is represented by the dollars in your wallet. Selling securities allows other countries to hold US dollars. #LearnMMT
The dollar is printed by the Fed that is a private company.
Technically no the Federal Reserve is the make and own the fiat currency the U.S. dollar. The federal reserve is private company not part of the U.S. government
The Federal reserve is an agency of the United States federal government it was spoken into existence by Congress in the Federal reserve act of 1913. The Federal reserve chairman has to be confirmed by Congress the Federal reserve must turn over all profits minus expenses back to the treasury of the United States the Federal reserve is an agency of the US government
Well the debt is paid back, that's what are called taxes, they make the amount on the loan lower. All money being debt it must leave again so we are all paying with our lives, at a cost of around 4 cents per hundred dollars to create, that we pay back full value.
Another boring liberal who says inflation doesn't exist lol. Is this guy serious?
Anyone who does not argue for interest-free credit, is controlled opposition. Their efforts are futile, because all interest compounds in value chains. Exept with gold, which is strongly deflationary adn thereby just another evil on usury.
Interest should be tied to inflation and not compounded. Example, Community banks that only charge interest equal to inflation in real time.
@ there should be no inflation and interest is unnecessary in a stable passive BIBO currency system. Interest is always systemically instable. Mind you that even lineair compounding reaches infinity over time. Why would anyone choose a system that is fundamentally instable?
They create this credit at a cost of around four cents per hundred dollars, we pay this back full value with our lives. If I had a printer and you said I could offer it for free and I would get goods etc from overseas, and people will do anything to get it it would still be a great deal but interest is inflation, the only way growth can be shown in the scenario of finance and higher price is defined as growth, then inflation needs to happen, for them. Interest free credit means more money/debt in the system, as all loans must return to zero low interest means the money need to come out again so by saying free credit you are actually saying you want higher taxes.
@@eroceanos Taxes pay for nothing and all money is debt, taxes literally make money disappear and all current govt spending is new debt, if water in a bucket is money in society, govt spending is water coming in and taxes are the hole in the bottom to take it out other wise you the bucket overflows, You are saying stop water coming in and fill the hole but then taxes would have to be depended on for govt spending and no govt depends on taxes for spending, none that print their own money.