Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
We can't afford the 2017 tax cuts that cost a couple hundred billion a year... But somehow the federal government can afford to spend 2 trillion more per year in 2021, 2022, 2023, and 2024 than in 2019 (not including interest).
Not a republican or dummycrat. Having said that the debt is so high now that it is to late to fix it. Even after raising taxes government spending is out of control . That includes your savior Biden.
My finance professor said it best IMO. "Economics is good at telling you what's going to happen. It's terrible at telling you when it's going to happen." National Debt is a classic example. We've been talking about the dangers of it for decades and that catastrophe is just around the corner , yet it has never materialized. The catastrophe will occur someday and it will be tragic.
no, it won’t. 😂 who still falls for this BS. Like honestly, nobody could explain why that actually that is a problem. It’s so funny. The people think that it is because others say so but when push comes to shove, it never is a problem. If that guy was a professor and you paid him for that lesson I would ask for my money back. You have wasted your your income.
@@mikeHamilton-w3xit’s a problem because our money is backed by nothing. It’s a promise to pay back your debt through work basically. We are currently paying off our old debt by making more debt. Like paying off a credit card with another credit card. Eventually the bank is gonna stop giving you credit cards. In the case of currency you just print more money, which eventually results in that money being worth less and leads to economic collapse. This always happens with fiat currency
@@letsdanceonhere no it has the fundamental limit of resources available. But in terms of the debt and that being any kind of restriction is laughable.. if I wanted to build a road to nowhere and I had unlimited money then the only true restriction would be the amount of concrete and labor that I could acquire. See money is not a problem. It’s the logistics.
I wouldn't worry about it until it happens because I've been hearing the same thing all my life and I used to budget for the debt crisis and nothing ever happens except more spending.
You are already feeling the effects with the current inflation which is twice what the CPI says. Try buying house or getting home repairs or a new furnace, car, etc. The government is to blame for inflating the money supply with the Fed to finance a reckless, selfish government who play Santa Claus with our tax money.
What happened to the money supply on the debt clock on April 29 at 7:33 am the supply was -$332,382,148,700 and at 13:32 the supply was -$59,900,327,555. Where did $272,481,832,000 come from?
Talking about increasing tax revenues without talk of decreasing, or at a minimum freezing spending, only means all the extra revenue will only just get wasted in additional frivolous and inflationary spending. We already spend more on servicing the interest payments on national debt than we spend on the military, and we spend a LOT on the military! We have to cut spending, to include the elephants in the room of social security and medicare. Otherwise we are all screwed.
Yeah, the jerk prof doesn't know where the shoe pinches. Taxes are already too high and complicated. We need a simple flat sales tax and no income tax and a government we can afford, not this selfish mess in DC.
gender change is not even a blip on the radar of national debt. Foreign wars are a blip, less than 1 percent of gdp, illegal immigration, also less than 1 percent of gdp.
@@wnose When the tax cuts expire do you think the dollar will get stronger?. Inflation increases with government spending. The wealthy can run to financial safety where the lower and middle class get crushed by inflation.
@@wnosewhy didn’t Obiden and the Democrat majority in 2021 raise taxes? Or even propose a change in the tax code? Or is easier to blame someone else for the deficits, the border crisis, inflation, high energy prices, Middle East and European wars?
No 'debt' because of fiat paper is not a solution. To pay off our financial 'obligations', they must destroy the value of the dollar. So it's a disaster either way, but it takes down the whole country because many have their life savings in cash in a bank or bonds which will have no purchasing power. So rather than a government fail with a gold standard, the whole population gets hit bad.
You missed the point, silly. The treasury will spend it on something stupid -- Medicare fraud alone is over $100 billion every year; government knows this, but it continues. Don't even get me started on SSI fraud, welfare fraud, defense fraud.
How about realizing corporate profits are at incredible multi decade highs and tax rates on both corporations and Billionaires are at multi decade lows. Congress ie government has been bought and paid for by these select ultra wealthy interests. End of story.
"we can't afford tax cuts" ..... don't you technically mean, WE CAN'T AFFORD ANYTHING. How is it acceptable to have such a large budget deficit that you need to keep printing money, you can't afford the interest payments so you just print more money again.... it's just an endless spiral into oblivion.
What is the problem? the spending or the taxes? why not keep the taxes the same and cut spending? If you have 5 dollars in your bank account would you be irresponsible and spend it on a chocolate bar? That's what's in these bills, a chocolate bar.
if I have $5 in my bank account, what else am I going to buy? It's less than what it costs me to get to work. Might as well buy that chocolate - it's a lot of calories for the money and will give me some comfort as I look at my life collapsing :D
no, you have a magic bank account that you can decide how much money is in there or not in there at any given time. People always compare the national debt to what you were going through, but it’s not true. The national debt is fake and it doesn’t matter at all how high it goes.
They have too many people who are trying to inflate stocks on this channel. Always ask why they say all is good. It's good to see people warning of the impending downturn.
Tax cuts are the only way to further impose a fiscal straight jacket on Washington. Many will say "but have you seen how big are deficits are?!?!?!" Apparently they're not big enough because the bond market still lets us finance them. We need interest rates on T-bills to spike - that and only that will force Washington to cut spending.
Americans have come to believe tax cuts are free. Spending can increase, and taxes cut, and there are no consequences. Perhaps the tax cuts from 2017 should simply expire, and Congress should start to actually fund the proposals they have .
When I think about the debt I just think about the last two decades and how they were squandered because we knew this would be a problem and just kept making it worse and worse and celebrating false short-term victories.
How about not paying people's bad student loans to gain political points and instead fix the ridiculous cost of college education? Subsidize American students by charging a tariff on foreigners.
And colleges will just increase the price like they've been doing. Since a degree became a requirement for a decent job, tuition costs have exploded more than house prices. Until the government pays for education like the countries that send their people here, education will be out of reach for majority of Americans and why all job gains have gone to foreigners since 2018. They come in cheap because their education has already been paid for.
Whether you target spending or tax rates debt reduction can only be accomplished by taxing the debt back. That mean running surpluses on the public side for many years. Further, every form of countercyclical spending to keep the economy from going into depression, which it would inevitably do, would have to be canceled to prevent the debt from rising again. This is why you hear "address the debt" or "fix the debt" instead of what really would be done. Euphemisms hide the reality.
Well we can start with those 4 paying taxes Re the Wharton Professor - there is a huge downside to be overly pessimistic - massive slow down in the economy However, cost of capital will rise as we will have to borrow internally more (no more China) and crowding out the market is potentially the biggest risk, though great opportunity for PE
I dont have a problem with deficits as long as the deficit is being used for investments of infrastructure or something else which will increase gdp. But it shouldnt be used for taxed cuts for very wealthy like the trump taxes cuts which had little to no economic impact but lead to a rapid increase of the debt
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Michael Terpin is highly qualified and experienced in the fin-market. He has extensive knowledge of portfolio diversity and also considered as a valuable resource for anyone looking to navigate the fin-market.
Maybe we should think about a special tax for CEOs. Why? In 1973, the ceo to employee compensation ratio was 22.7. In 2021, it was 389. We can start here 🤷♂️
@@GeorgeSchneider8889 Yeah. They went through both chambers and got signed by a president. The ability to tax income was allowed because of a constitutional amendment. The mega rich don't make much income. They own stocks. You can't tax unrealized gains because they don't actually have the money, they have stocks. There are actual ways to tax the mega rich but unfortunately politicians use those same tax loop holes to enrich themselves so they will never be repealed.
@@GeorgeSchneider8889 Yeah. And? Most rich people don't make income. The ways they wiggle out of paying taxes are the same exploits politicians use. The figure you referenced is for assets. A lot of which are stocks. That ain't taxable unless they sell them.
@@JohnReynolds-ni5lv the gov will spend its way out of this, and bitcoin was initiated on the premise that governments globally will do exactly that.
The ending of the Titanic. Is that the ending they put in the theaters or the original intended ending where they find the old lady on the back of the ship with the Heart of the Ocean in her hand. :)
Get rid of the military and farm subsidies , . . Means test SS , Medicare , unemployment , etc. like all other welfare programs. Cut everything left 50%. Welcome to a $1 trillion left a year to pay off the debt. Or do you enjoy paying $1 trillion interest a year and rising ?
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The debt (as to how much it is) doesn't matter at all. All the national debt is US owing the Federal reserve money. I E the people of the US owe to the FED what it is on the debt. The debt is our money supply. It's all the money the people of the world use in terms of US $. All of the $ that exist = the debt. That's our money we all use . The government spends more by voting to get more from FED and then spend it in the world someplace. Of course, it never goes away after that and is spent by whoever just got it and so on. That is inflation . The only problems are government uses that to take wealth from everyone that uses US $. They make more by inflation in 4 ways. 1st they get the money they print to spend. 2nd That pushes asses to a higher number of $ (so between what you buy an asset and sell the asset for) if higher $ you pay tax on the difference even though it's only inflation and not a true gain. 3rd Inflation is not even as prices go up to match the same % as money supply increased , and wages are last. Exports are more profitable during the time prices are higher and wages haven't yet gone up. So more exports and that = more taxes. 4th The wages themselves push incomes higher while you get increased pay to go up with inflation. So prices go up then wages. Except now you're in a higher tax bracket and pay a higher % of your money to tax. Of course you're not really getting paid more in terms of more wealth. Just more in terms of $. If prices go up by 10% and later wages go up by 10% , your tax goes up by 15%. That's why government likes inflation. They get paid more from the poor people. The debt itself doesn't matter as to how much it is (except for what the government does as I just said). All the money = all the goods and services all the time. So more money supply = more prices increase by the same % of increase. Like a pizza be cut up into smaller and smaller pieces still = only one pizza. How fast prices go up matters directly because government will take more and directly because it's not as fast for wages going up. So the poor with no assets lose while inflation is taking place. At the same time people with assets get paid more. Like if you own 2 homes. The rent goes up while your mortgage stays the same. That's more income to you. Of course the tenant only pays more and more for all things. So you win while they lose. Happens with all assets. The poor working class do not have assets and the only lose. But government takes from everyone and we then compete each other . The real wealth taking is government tax on the poor through inflation by those 4. Index inflation to incomes and keep the increase steady and it will become a standard become even as it goes . Fast changes like we have been doing and catching up is slow for the poor working class. Be in the end the amount of debt doesn't matter at all. Because prices will go up to match. NO way to stop prices from going up after the money supply is increased. It always and every time happens throughout history and there are no exceptions ever.
I love that all the gazillionaires on the photos who don't pay any taxes and have institutions worth a combined of TRILLIONS in value are most likely saying, cut social security, medicare, medicaid, veterans etc...poor people need to step up and pay up!
Very narrow view. You don't think 2 decades of war, blank check economic stimulus, massive ineffective social programs, unnecessary tax cuts, and then mailing everyone thousands of dollars and not requiring them to pay their student loans for almost 4 years had an effect?
Sure it did. I also watched a profitable, 100 year old, manufacturer in my home town get ravaged by a PE LBO in the 80s. Been tracking them ever since. Literally hundreds of thousands of similar stories. Milions of jobs. Think that had an effect? Good read - Plunder by Brendan Ballou @@John-zh1ud
Looks like CNBC deleted my comment back John. Just some facts about a company that was decimated by PE in my hometown. Good read is Plunder by Bredan Ballou @John-zh1ud
GOP: The debt is too high, we need to cut spending by $200 billion to balance the budget Also GOP: Let's give tax cuts to the richest 1% and add $8 trillion to the national debt
Its not a partisan problem. The powerful love it when the working class divide on politics, race, religion etc. Keeps us from noticing who is buying farmland etc. Just know that msnbc and fox are both propaganda, not news
Kennedy 2024. Trump added so much to the debt shut down business said he would change the old guard and then only put old guard jobs (bolton for example) and Trump is too divisive. RFK jr is the best candidate and its not even close. He will close the border and actually change the corperate capture in the federal gov
Every president has increased spending while they're in office. All of them do it. This isn't a political party issue. It is a systemic government issue relying on Keynesian economics.
I seen one of the shows today saying that the national debt would be $44 trillion by 2054. It's $35 trillion right now.... how the hell do they figure its only gonna go up $9 trillion in 20 years. Since 1980 It's pretty much doubled every 7 years. It's $35 trillion today. Do that math.
![[TH] RNT vs SPG - VCT Ascension Pacific - Day 1](http://i.ytimg.com/vi/RUTkf8Detj8/mqdefault.jpg)
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Her name is Sonya lee Mitchell. Hope that helps
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
We can't afford the 2017 tax cuts that cost a couple hundred billion a year... But somehow the federal government can afford to spend 2 trillion more per year in 2021, 2022, 2023, and 2024 than in 2019 (not including interest).
Ah the tax cuts juice the economy. Why do you think we had any growth at all, tax cuts increase government receipts, hello!
GDP is great because of the one trillion a quarter government debt.
Yep take away the punch bowl and there’s a problem.
The government is pouring lots of interest payments into the economy. government is worse, the economy is better?
Not a republican or dummycrat. Having said that the debt is so high now that it is to late to fix it. Even after raising taxes government spending is out of control . That includes your savior Biden.
$1T/100day deficit...adding to the $34T debt.
This is out of control with 5% interest rate.
Real inflation is much higher than 5%.
This is it, now.
My finance professor said it best IMO. "Economics is good at telling you what's going to happen. It's terrible at telling you when it's going to happen." National Debt is a classic example. We've been talking about the dangers of it for decades and that catastrophe is just around the corner , yet it has never materialized. The catastrophe will occur someday and it will be tragic.
no, it won’t. 😂 who still falls for this BS. Like honestly, nobody could explain why that actually that is a problem. It’s so funny. The people think that it is because others say so but when push comes to shove, it never is a problem. If that guy was a professor and you paid him for that lesson I would ask for my money back. You have wasted your your income.
@@mikeHamilton-w3xit’s a problem because our money is backed by nothing. It’s a promise to pay back your debt through work basically. We are currently paying off our old debt by making more debt. Like paying off a credit card with another credit card. Eventually the bank is gonna stop giving you credit cards. In the case of currency you just print more money, which eventually results in that money being worth less and leads to economic collapse. This always happens with fiat currency
@@mikeHamilton-w3x it's better if you keep quiet then people won't know how ignorant you are
@@mikeHamilton-w3x So you believe MMT has no limits? The US government could just provide everything for everybody and no problem at all?
@@letsdanceonhere no it has the fundamental limit of resources available. But in terms of the debt and that being any kind of restriction is laughable.. if I wanted to build a road to nowhere and I had unlimited money then the only true restriction would be the amount of concrete and labor that I could acquire. See money is not a problem. It’s the logistics.
I wouldn't worry about it until it happens because I've been hearing the same thing all my life and I used to budget for the debt crisis and nothing ever happens except more spending.
You are already feeling the effects with the current inflation which is twice what the CPI says. Try buying house or getting home repairs or a new furnace, car, etc. The government is to blame for inflating the money supply with the Fed to finance a reckless, selfish government who play Santa Claus with our tax money.
What happened to the money supply on the debt clock on April 29 at 7:33 am the supply was -$332,382,148,700 and at 13:32 the supply was -$59,900,327,555. Where did $272,481,832,000 come from?
Talking about increasing tax revenues without talk of decreasing, or at a minimum freezing spending, only means all the extra revenue will only just get wasted in additional frivolous and inflationary spending.
We already spend more on servicing the interest payments on national debt than we spend on the military, and we spend a LOT on the military! We have to cut spending, to include the elephants in the room of social security and medicare. Otherwise we are all screwed.
Yup! Very well said.
Yeah, the jerk prof doesn't know where the shoe pinches. Taxes are already too high and complicated. We need a simple flat sales tax and no income tax and a government we can afford, not this selfish mess in DC.
How about cut government spending on things like foreign wars and illegal immigration and gender change ideology.
Right.
US can't give up foreign wars. Military presence is the base of dollar hegemony. But it went too far now days.
gender change is not even a blip on the radar of national debt. Foreign wars are a blip, less than 1 percent of gdp, illegal immigration, also less than 1 percent of gdp.
what sort of Kool-Aid you're drinking? government spending on gender change ideology?
I agree with you on foreign wars but how much do you think the government is spending on gender changes
$3T added to debt last year. Sit with that.
Not long ago it used to be the federal budget was $3T.
Thanks to Trump's tax cuts. I got my bets on the dollar capsizing!!!
@@wnose When the tax cuts expire do you think the dollar will get stronger?. Inflation increases with government spending. The wealthy can run to financial safety where the lower and middle class get crushed by inflation.
@@wnose You are getting smoked if you're betting against the dollar lol.
@@wnosewhy didn’t Obiden and the Democrat majority in 2021 raise taxes? Or even propose a change in the tax code? Or is easier to blame someone else for the deficits, the border crisis, inflation, high energy prices, Middle East and European wars?
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we talk about this for at least 15 years allready there is a problem on spending
National debt shouldn't come out of working citizens pockets. Cut congress salaries to pay it
As long as the printer has ink and paper there's no debt
Doesn't matter if you can't afford the ink.
Smooth brain alert
No 'debt' because of fiat paper is not a solution. To pay off our financial 'obligations', they must destroy the value of the dollar. So it's a disaster either way, but it takes down the whole country because many have their life savings in cash in a bank or bonds which will have no purchasing power. So rather than a government fail with a gold standard, the whole population gets hit bad.
The Fed is stealing your money
Tax cuts are a drop in the bucket compared to the increase in spending.
Nope, tax cuts since 2002 have added 6-8 trillion in deficit. Add in two wars, you have gone up to 12-14 trillion.
Our government needs to stop with this ridiculous out of control spending. The house of cards is going to crumble..
Been hearing this forever
Keep printing money! It’s always worked!
Yesterday....all my troubles seemed so far away.
I think Gold will end the year by $3200 , unfortunately I am not holding any 🙁, but I will next month.
You should buy some now while it's still low.
The issue is in a Democracy its political suicidal to pay down the debt and no party on either side wants to do it.
Good point, because the unborn have no vote this election in what debt they will inherit.
If they're all so concerned about the debt, then cut a check to the treasury.
Can you donate ? Is there a sugar daddy ? who would donate ?
You missed the point, silly. The treasury will spend it on something stupid -- Medicare fraud alone is over $100 billion every year; government knows this, but it continues. Don't even get me started on SSI fraud, welfare fraud, defense fraud.
How about realizing corporate profits are at incredible multi decade highs and tax rates on both corporations and Billionaires are at multi decade lows. Congress ie government has been bought and paid for by these select ultra wealthy interests. End of story.
No mention of $1.5T in military spending?😊
“Bond market loses confidence, Fed buys more bonds. Problem solved!”
That’s how modern economists and politicians think, today.
Professor Gomes was correct about the bond yield. It happened today!
"we can't afford tax cuts" ..... don't you technically mean, WE CAN'T AFFORD ANYTHING. How is it acceptable to have such a large budget deficit that you need to keep printing money, you can't afford the interest payments so you just print more money again.... it's just an endless spiral into oblivion.
Thanks to Republican tax cuts
What is the problem? the spending or the taxes? why not keep the taxes the same and cut spending? If you have 5 dollars in your bank account would you be irresponsible and spend it on a chocolate bar? That's what's in these bills, a chocolate bar.
if I have $5 in my bank account, what else am I going to buy? It's less than what it costs me to get to work.
Might as well buy that chocolate - it's a lot of calories for the money and will give me some comfort as I look at my life collapsing :D
concepts concepts....@@todorkolev7565
no, you have a magic bank account that you can decide how much money is in there or not in there at any given time. People always compare the national debt to what you were going through, but it’s not true. The national debt is fake and it doesn’t matter at all how high it goes.
They have too many people who are trying to inflate stocks on this channel. Always ask why they say all is good. It's good to see people warning of the impending downturn.
Tax cuts are the only way to further impose a fiscal straight jacket on Washington. Many will say "but have you seen how big are deficits are?!?!?!" Apparently they're not big enough because the bond market still lets us finance them. We need interest rates on T-bills to spike - that and only that will force Washington to cut spending.
It’s a spending problem, like the college loan forgiveness or America paying Ukrainian pensions. We can’t afford this crap anymore.
Americans have come to believe tax cuts are free. Spending can increase, and taxes cut, and there are no consequences. Perhaps the tax cuts from 2017 should simply expire, and Congress should start to actually fund the proposals they have .
When I think about the debt I just think about the last two decades and how they were squandered because we knew this would be a problem and just kept making it worse and worse and celebrating false short-term victories.
We can't stop now because it's too painful. 😜
The tax cuts are the least of our problems. Just stupid making that argument.
I remember the GOP saying tax cuts will increase revenues.
Get rid of the tax cuts.
We can't afford the government spending
Delay tax cuts but reduce spending NOW
How about not paying people's bad student loans to gain political points and instead fix the ridiculous cost of college education? Subsidize American students by charging a tariff on foreigners.
And colleges will just increase the price like they've been doing. Since a degree became a requirement for a decent job, tuition costs have exploded more than house prices. Until the government pays for education like the countries that send their people here, education will be out of reach for majority of Americans and why all job gains have gone to foreigners since 2018. They come in cheap because their education has already been paid for.
Whether you target spending or tax rates debt reduction can only be accomplished by taxing the debt back. That mean running surpluses on the public side for many years. Further, every form of countercyclical spending to keep the economy from going into depression, which it would inevitably do, would have to be canceled to prevent the debt from rising again. This is why you hear "address the debt" or "fix the debt" instead of what really would be done. Euphemisms hide the reality.
Communism can be expensive .........!!!
Well we can start with those 4 paying taxes
Re the Wharton Professor - there is a huge downside to be overly pessimistic - massive slow down in the economy
However, cost of capital will rise as we will have to borrow internally more (no more China) and crowding out the market is potentially the biggest risk, though great opportunity for PE
U.S. debt interest > U.S. military spending
That says it all.
The democratic party will not vote for cutting government spending. Grim but true.
Everyone who works in the US must give the federal government $260000 in order to become debt free
we could afford if the government didn't give a way money like it was candy
We are sick of paying taxes. Stop your spending like drunken sailors
Well, do u want to cut Social Security or Defense?
@@damnthisuser There are plenty of places to cut wasteful spending and not cut either of those.
“Why are you even talking about this!” Now that’s a $3 billion dollar quote if I ever heard one. LMAO!🤣
We cant afford a giant military industrial complex, welfare, or our bloated government
Spend until the end....nothing will change.
And where are the missing Trillions that were spent on ???
This is absolutely terrifying
Our politicians will always spend more than tax revenues. What’s in your safe?
We just can’t afford to keep giving corporations and the wealthy tax breaks anymore. Vote blue
Pay up … 34 trillion NOW !!!
.
No war… help ppl build economy, homes and life
I dont have a problem with deficits as long as the deficit is being used for investments of infrastructure or something else which will increase gdp. But it shouldnt be used for taxed cuts for very wealthy like the trump taxes cuts which had little to no economic impact but lead to a rapid increase of the debt
Our Congress can't even pass a budget this year and y'all are quibbling over 2054??? Give me a break.
Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Mind if I ask you to recommend this particular coach you using their service?
Michael Terpin is highly qualified and experienced in the fin-market. He has extensive knowledge of portfolio diversity and also considered as a valuable resource for anyone looking to navigate the fin-market.
HE IS ON TEL GRAM
If money is free, does it have any value? Air is free
Maybe we should think about a special tax for CEOs. Why?
In 1973, the ceo to employee compensation ratio was 22.7. In 2021, it was 389.
We can start here 🤷♂️
Not really. It's unconstitutional to target people like that. Most of the compensation you mentioned isn't actual money
@@jordanslingluff287 if it's not money, then may I have your stocks? I'll give you $5 for your whole portfolio :)
@@jordanslingluff287 Were Trump tax cuts for the wealthy constitutional?
@@GeorgeSchneider8889 Yeah. They went through both chambers and got signed by a president.
The ability to tax income was allowed because of a constitutional amendment. The mega rich don't make much income. They own stocks. You can't tax unrealized gains because they don't actually have the money, they have stocks.
There are actual ways to tax the mega rich but unfortunately politicians use those same tax loop holes to enrich themselves so they will never be repealed.
@@GeorgeSchneider8889 Yeah. And? Most rich people don't make income. The ways they wiggle out of paying taxes are the same exploits politicians use. The figure you referenced is for assets. A lot of which are stocks. That ain't taxable unless they sell them.
you had 1 in 2008. Inflation is crushing your booming economy
Government on both sides spending like drunken sailors. Crisis pending.
The entire problem is too much spending. Spending as a percentage of GDP is running way above historical levels.
What should we cut?
Literal all entitlement programs. @@nicolasgirard2808
When things go bad for the USA finances, it will happen in the blink of an eye. Sort of like what happened to ULTA stock yesterday.
Think the last politician to address this debt will be Trump. When has he cared about his own debt and bankruptcies.
Bitcoin is made exactly for this problem.
actually not. a currency beyond the control of the Fed is a great idea. Sadly bitcoin is just a speculative pet rock or beanie baby of finance today.
Please explain
@@JohnReynolds-ni5lv the gov will spend its way out of this, and bitcoin was initiated on the premise that governments globally will do exactly that.
Bitcoin is Scam, buy Solana & Dogecoin
@@Sayer_of_Uhbitcoin will dissappear in couple of years , , buy Cordano & Solana are the future.
The Republican solution: cut taxes for the rich and reduce services to the deserving and children.
No tax cuts for corps and the rich. Make them higher
Didn't Trump go to Wharton?
They need to explain themselves.
The ending of the Titanic. Is that the ending they put in the theaters or the original intended ending where they find the old lady on the back of the ship with the Heart of the Ocean in her hand. :)
CNBC. Keep talking about the debt so the country is aware of it. It’s on you
Eliminate the Income Tax and institute a National Sales tax. Problem solved.
Fix the money, fix the world.
Sound money.
Please interview Professor Steve Hanke. Steve knows about inflation and hyperinflation.
Just don’t make the billionaires pay more they won’t be able to make it, they are very fragile
The bottom line is we will have to cut entitlements AND raise taxes. One or the other will not be enough.
Bottom line is that is never going to happen
Yep, abolish social security now. What have old people ever done for us anyway???
Get rid of the military and farm subsidies , . . Means test SS , Medicare , unemployment , etc. like all other welfare programs. Cut everything left 50%. Welcome to a $1 trillion left a year to pay off the debt. Or do you enjoy paying $1 trillion interest a year and rising ?
Very bullish for bitcoin, fiat is quickly dying, not even going to take another decade. Dying fast.
Higher tax brackets needed. We’re way to easy in billionaires.😊
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The debt (as to how much it is) doesn't matter at all. All the national debt is US owing the Federal reserve money. I E the people of the US owe to the FED what it is on the debt. The debt is our money supply. It's all the money the people of the world use in terms of US $. All of the $ that exist = the debt. That's our money we all use . The government spends more by voting to get more from FED and then spend it in the world someplace. Of course, it never goes away after that and is spent by whoever just got it and so on. That is inflation . The only problems are government uses that to take wealth from everyone that uses US $. They make more by inflation in 4 ways. 1st they get the money they print to spend. 2nd That pushes asses to a higher number of $ (so between what you buy an asset and sell the asset for) if higher $ you pay tax on the difference even though it's only inflation and not a true gain. 3rd Inflation is not even as prices go up to match the same % as money supply increased , and wages are last. Exports are more profitable during the time prices are higher and wages haven't yet gone up. So more exports and that = more taxes. 4th The wages themselves push incomes higher while you get increased pay to go up with inflation. So prices go up then wages. Except now you're in a higher tax bracket and pay a higher % of your money to tax. Of course you're not really getting paid more in terms of more wealth. Just more in terms of $. If prices go up by 10% and later wages go up by 10% , your tax goes up by 15%. That's why government likes inflation. They get paid more from the poor people.
The debt itself doesn't matter as to how much it is (except for what the government does as I just said). All the money = all the goods and services all the time. So more money supply = more prices increase by the same % of increase. Like a pizza be cut up into smaller and smaller pieces still = only one pizza. How fast prices go up matters directly because government will take more and directly because it's not as fast for wages going up. So the poor with no assets lose while inflation is taking place. At the same time people with assets get paid more. Like if you own 2 homes. The rent goes up while your mortgage stays the same. That's more income to you. Of course the tenant only pays more and more for all things. So you win while they lose. Happens with all assets. The poor working class do not have assets and the only lose. But government takes from everyone and we then compete each other . The real wealth taking is government tax on the poor through inflation by those 4. Index inflation to incomes and keep the increase steady and it will become a standard become even as it goes . Fast changes like we have been doing and catching up is slow for the poor working class. Be in the end the amount of debt doesn't matter at all. Because prices will go up to match. NO way to stop prices from going up after the money supply is increased. It always and every time happens throughout history and there are no exceptions ever.
I love that all the gazillionaires on the photos who don't pay any taxes and have institutions worth a combined of TRILLIONS in value are most likely saying, cut social security, medicare, medicaid, veterans etc...poor people need to step up and pay up!
The rate of government spending is out of control. Just roll back the spending to like 2019 levels and I bet we'd have a budget surplus.
Real inflation much higher than 5%.
Possible hyperinflation going forward.
We need to address what erodes our tax base - like Private Equity LBOs. Spending is part of the picture.
Very narrow view. You don't think 2 decades of war, blank check economic stimulus, massive ineffective social programs, unnecessary tax cuts, and then mailing everyone thousands of dollars and not requiring them to pay their student loans for almost 4 years had an effect?
Sure it did. I also watched a profitable, 100 year old, manufacturer in my home town get ravaged by a PE LBO in the 80s. Been tracking them ever since. Literally hundreds of thousands of similar stories. Milions of jobs. Think that had an effect? Good read - Plunder by Brendan Ballou @@John-zh1ud
Looks like CNBC deleted my comment back John. Just some facts about a company that was decimated by PE in my hometown. Good read is Plunder by Bredan Ballou @John-zh1ud
Money for wars but cant afford to feed the poor.....
Boomer dissonance is real
Someone is buying this debt year after year. 😮
The economy is on a meth high
But the U.S. could afford tax cuts 6 years ago?
not if can print faster than the rising tide.
GOP: The debt is too high, we need to cut spending by $200 billion to balance the budget
Also GOP: Let's give tax cuts to the richest 1% and add $8 trillion to the national debt
Its not a partisan problem. The powerful love it when the working class divide on politics, race, religion etc. Keeps us from noticing who is buying farmland etc. Just know that msnbc and fox are both propaganda, not news
But the richest 1% are democrats.
And adjusted for the virus? Big difference in an emergency vs just ordinary debt and deficit spending.
I'm a Democrat now voting TRUMP 2024....TRUMP 2024....TRUMP
I got a middle class tax cut under Trump. Trump 2024
Welcome to Brandon's America
Welcome to Brandon's BANANA REPUBLIC
Welcome to BIDENFLATION
TRUMP 2024....TRUMP 2024
Trump won't make a damn difference. Debt is at a point of no return.
Kennedy 2024. Trump added so much to the debt shut down business said he would change the old guard and then only put old guard jobs (bolton for example) and Trump is too divisive. RFK jr is the best candidate and its not even close. He will close the border and actually change the corperate capture in the federal gov
@@dfv671 bot.
Every president has increased spending while they're in office. All of them do it. This isn't a political party issue. It is a systemic government issue relying on Keynesian economics.
@@dfv671 well he did though. You still happily pocketed Trump's deductions😂😂 JEEZZ
High rates are the problem
Higher rates that's this isn't high??? We should be at 10% based on the amount of debt we have
Better own Gold, Silver and Bitcoin
Tax cuts no way.
There never was an emergency
MORE TAXES WILL SAVE THE COUNTRY!!!🤪
The debt to GDP numbers shown are lies. Debt GDP is 125% now.
I seen one of the shows today saying that the national debt would be $44 trillion by 2054.
It's $35 trillion right now.... how the hell do they figure its only gonna go up $9 trillion in 20 years.
Since 1980 It's pretty much doubled every 7 years. It's $35 trillion today. Do that math.
Don't give Wharton too much credit some pretty dumb people went there as well.
Suddenly it"s and issue. When the mango jesus was in charge he wasn't conerned. Where was jamie then? That's right, pleading for tax cuts.
Trump raised the debt more than anyone and he went to Wharton. Must have missed most classes.
Hike interest rates. Reduce government size and left wing gravy trains.