'ABSOLUTELY INSANE': Economist reacts to Biden's new tax idea
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- เผยแพร่เมื่อ 30 เม.ย. 2024
- Heritage economist Peter St Onge argues that Biden's spending is putting the Fed in a 'no win situation' on 'Making Money.' #foxbusiness #makingmoney
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Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Interesting! Good day! Although I'm new to investing, I've heard that now is a wonderful time to buy. I have some money in my bank account that is just sitting there, and I really want to make it work for me, especially with the current rate of inflation being so high. Do you have any knowledge about this coach who supports you? I'd like to research them and find out more.
She goes by ‘Melissa Terri Swayne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
IMAGINE HOW STRONG OUR COUNTRY WOULD BE IF PRESIDENTS SPENT THEIR DAYS WORKING FOR THE PEOPLE WHO ELECTED THEM INSTEAD OF THE PEOPLE WHO BUY THEM.
Biden is working for the ballot box stuffing scammers who "elected" him, what do you mean?
giving our corrupt government more money is crazy
Your not giving them money. They are taking your money without asking 😂
One of the many reasons I'm voting for Trump 2024.
Trump said Wednesday in an interview with CNN’s Dana Bash that as president he would deport all undocumented immigrants and then allow the “good ones” to reenter the country through an “expedited process” and live in the U.S. legally, though not as citizens.
Trump’s immigration plan: Deport the undocumented, ‘legal status’ for some
this was from a interview with CNN on July 29, 2015
what do you think this is called??? A IMMIGRATION ACT
Why? So he can give large corporations and the wealthy more tax cuts?!? Just doesn't make sense to me...but I'm just the working class, who got less tax cuts. Imagine that.
That is GREATLY concerning. Trump will NOT help USA. he WILL make it worse.
Trump is attacked for being for the people and not a puppet like biden!! Use your brain it's so obvious to everyone
@@YuccaTrash79ok snowflake, nobody asked for your opinion
Why don’t you move to Guatemala…….
TRUMP 2024!!
The Don legally counterfeited trillions during his office. So naive 😏
Trump Santos 2024
Trump said Wednesday in an interview with CNN’s Dana Bash that as president he would deport all undocumented immigrants and then allow the “good ones” to reenter the country through an “expedited process” and live in the U.S. legally, though not as citizens.
Trump’s immigration plan: Deport the undocumented, ‘legal status’ for some
this was from a interview with CNN on July 29, 2015
what do you think this is called??? A IMMIGRATION ACT
Learn some basic Education. Trump will make this worse.
Joe Has To Goooo !!!!!🤮
Tax raises only for people who make more than $400.000 a year. What’s your problem?
@@lukedeluxeare you delusional? or just ignorant
@@lukedeluxe
I wonder who pays your wages
@@dirtfarmer7472 those people got larger tax cuts then me. So your all for the rich getting richer, an us getting less buying power. Just weird, pulling for those that hold you back.
Hotels doing well with US tax dollars paying for rooms for newcomers. Printing more money needs to stop.
Newcomers 😂 you mean illegals
The crash is coming friends. This is what happens when you raise minimum wage instead of fixing inflation.
This is what happens when you use debt based fiat currency instead of money.
Not only inflation, but civil war sorry to say
This isn't the reason, it because biden sending too much money to other countries wars. Our government spending too much money we don't have. Government does have a budget and it screws the middle class.
The Collapse is upon us.
Minimum wage ain't a big problem but for burger makers
Taxation without representation. One reason we fought the Revolutionary War
They spent $35,000,000,000,000, and want the poor people to pay it back.
@@troyb.4101 And they’re adding about $100,000 every 3 to 4 seconds.
When is the monopoly dollar going to collapse? 35 trillion... It takes 12 zero's to write out a trillion. If we can just keep printing, then lets print another 50 trillion and hand it out! If we can give Ukraine 60 billion, why did we have to pay taxes?
Exactly! Why are we paying taxes? We shouldn’t be supporting any of this. Our representatives are going to get us killed.
I see Bitcoin as the ultimate comparison to the Monopoly dollar. Good grief, I don't understand how people can settle for over two hundred thousand dollars in daily fluctuations.
@@MajorHavoc214 People taking profits. It's obvious you and many others haven't done your homework.
@@MajorHavoc214 What else can they do..they also lack money because with 2000 man can't buy much but what is the solution..not to work from 9 to 18? or to find the (Impossible) way how to leave the matrix, meanwhile in world everyone geting fired because of all self-Check outs and because of the machines that are replacing the middle and weakest working class ... I think the goal is to finish off the middle class, I think they started destroying it when they closed everything because of the corona virus..that was the beggning of the end for mittle working class..Who knows what else they're planning for them it's strange that the rich now make when they build those bunkers now, and we're all watching because we don't have that stupid paper that I hate that I have to have it as much as possible that better..because life is easier when you have it, money is not everything in life, nor is it the first thing on my must-have list
If printing too much money leads to inflation, then taxes removes money from the system to counter inflation. Politicians print money for thier pockets and then pass laws to tax ours.
Printing money and giving it to other Countries is Insane...
Stop sending are money to everyone but us that's how they could fix it
FJB
You have absolutely no idea how the world works
What happens, when your parents DONT CARE... i mean, my parents dont care.. at all.. nothing..
War, fundes by america, money overseas , homelesses
It's " our", not are. Moron
Just so you know we are sending actual weapons and ammo to Ukraine, not just money. So it actually creates more work for Americans because those weapons and ammo needs to be replaced. And also it old stuff, so it's a decent return on the dollar.
I don't want to pay taxes anymore.
The more stupid something sounds or is, you can be sure, that's precisely what Joe's going to do. That's how he got us into this mess.
Thank the voters who voted for him, and the ones who laundered votes for him.
You must have been asleep for the last 40-50 years if you believe we are where we are because of just the last 3-4 years. You can thank our sell-out, corporatist political duopoly for that. Reaganomics was mostly the beginning of the end, & it has snowballed ever since. Enjoy the lose-lose election in 2024, as it will be no different than the last 4-5 decades of the same.
FJB!!!!
FDJT
@@cheftekniqakabuletteborn8127 You mad? 😂😂😂😂
The articulate Trumper has spoken
@@cheftekniqakabuletteborn8127 Only fools agree with you.
@@andyroubik5760 They haven't found a sane Bidener yet.
Starbucks sucks and McDonalds in poison.
Agreed
Socialism 101.
StarSUCKS and McDeath!
Truth
I don’t wanna give the government no more money they take to much now. They are rich enough while I’m going broke
They’re worse. If they would have been an individual or business they’d have went bankrupt years ago.
We are so screwed
I heard to say some elderly people talking About when are they going to march Biden out of the White House .
Elderly idiots are the reason Trump destroyed America!
I'm sure they are getting flashbacks to the Jimmy Carter era.
Lord help America!🙏🇺🇸
You eat McDonald's when you have 5 bucks and you need to eat now days you can't eat there unless you have 40 bucks
Yeah, now the working poor can't afford to eat there anymore.
@@philsocks3386 I'm not paying $20 for a meal.
2 quarter pounder’s 2 fries. 1 McFlurry yesterday … 32 dollars. Holy shiz.
@@sparkybuchta8717 McDonalds is now a luxury now? I can not afford that . I could but would never pay that much. Wow thanks for the update. I rarely drive any more maybe once or twice to town per month. Thank God I can cook.
English please
Raise prices and I buy less, raise them again and I don’t buy at all….simple
TRUMP can drain the swamp!
He definitely has exposed it....
Trump is the swamp
Unfortunately the bureaucratic apparatus is too corrupted from top to bottom. That’s too much to fix in 4 years. It took decades of erosion to get here. The fact the worst punishment a bureaucrat can face is losing their job for blatantly violating someone’s rights tells you why it won’t change…
Why didn't he back in 2016 then lol
Last time he "drained the swamp" by installing Goldman Sach people and his family...
Funny, haven’t been this worried since o’bummer was in office
He's still in office
Welcome back to the era when everyone is going to have to learn to cook and settle for generic or store brands just like we did back in the Carter administration. But tighten up that belt, the Biden Administration is going to be at least three times as bad.
McDonald's and taco bell is a luxury now, I cant afford it anymore
I can’t either. Remember when we could buy pizza? My family is on soup that we make , we now have to make bread , and there is no pop .
You’ll live longer, now.
Maybe stop threating the people asking for a cost of living adjustment
@@ryanthrives5152 like living longer in this dystopian hell hole is a good thing. if i cant retire i want to "cash out at 70"
@@timothylopez8572 fast food is not supposed to pay a living wage, move on to a better job
McDonald’s food is trash 🚮
How can you say that, Trump loves McDonald's
@@andyroubik5760So does warren buffet!
Many people would enjoy eating that trash if they could afford it.many homeless people would enjoy McDonald if they had money.
If you throw it away. Give it to me instead. I'll eat it. It's free from ya, right?😂
I haven't had fast food in years and years. It's garbage in a bag and I refuse to pay for it.
There should be a law that says if the US has debt. Congress must reduce it by 10% year over year.
People shouldn't be eating that poison anyway.
sausage eggs biscuits muffins cheese bacon lettuce tomatoes beef chicken pickles potatoes apple slices fish ....is THAT POISON? Go out and price those items.
@@55pointslow iq
Ban hedgefunds from buying residential property. Fixed
The reason for all the government hiring is to make the unemployment numbers look better. The private sector is in recession, with unemployment rising. You can see this from the Nonfarm Payrolls Report.
Maybe stop the insider trading first?
When are they going to take Biden out of office. This has gone on long enough.
Hopefully when people who voted for him, and helped launder the votes for him, will wake up and realize this was a big huge mistake, and its now costing them and vote for Trump.
Work to pay 😂😂. Sad. Country you can’t enjoy
I’m literally losing everything rn. Over the past year I have been barely holding on. I can barely put food in the table. I use to be one of the top realtors at my office. Now I wake up everyday to bill collectors. I seriously think I will be in the streets within a year if this keeps up. I can’t do it anymore.
Trump 2024
Did you vote for Obiden in 2020?
The idea of paying 6% is insane. Go get a real job, or cut those commission in half doing more volume. I'm not going to pay 6% I'm using a lawyer at $250 per hour to do that job. He can do it in eight hours $2,000 max. not 6% on $1,400,000 property ,$84,000 is insane for what four hours work. People are waking up. I don't even have my place listed and I get offers, WTF do I need a greedy relator for. Maybe you relators need to work in a flat fee $1,000 per transaction. You need to start a new business model, or go homeless.
All this is very simple they don’t care what happens to us!! They just don’t care!!
I think it’s even beyond that…they want no independent middle class. They are destroying working people on purpose.
Government needs to stop spending money outside of the US too.
The democrat dollar is like glitter and fairly dust,,,
The fantasy that printing cash without backing it wrecks the dollar
I’ve been cooking at home! Tuh
I used to tell so many business.. PRAY FOR INFLATION. to get rid of these garbage large companies.
Tough times now even tougher later 😢
2 year t-bill breaks 5%. Here it comes.
Ol’ Joe floating 40% capital gains tax. Gotta find that student loan forgiveness money somewhere. 😅
45%
@@robertforsberg976 The video says 45%, yesterday from another source it was 40%. Don’t worry, by the time they’re finished will be 50% on gains, even unrealized. 😂
Pay your student loans , and stop begging. You got that great education , now go to work.
Don't forget Ukrainian pensions. We have to belt tighten to take make sure small businesses & government employees in Ukraine are all financially stable & successful
People that tax bracket apply to aren’t getting their advice from FOX.
Peter, coors beer is doing well because everybody’s getting drunk instead of buying the $8 starbucks coffee. People want cheap suppressants in a crap economy not expensive stimulants.
Trump can only do so much if he doesn’t also have a republican congress. Vote straight ticket.
Always do, all Republican.
81milion peoples vote for this
I really doubt that all were alive, legal, and coherent.
"The American People" ~ an oft-used phrase ~ half of whom chose Biden and Co; not a very bright bunch really . . . ?
@@lol-be1yz $70,000,000,000 in illegal drug sales each year in the USA. Way to many drug addicts in the USA.
If they wanted to begin to fix this economic issue all they would have to do is LOWER TAXES !! That alone would INSTANTLY Stimulate the Economy because that money would then be in the hands of the American People who would spend it on items that they desperately need
You can’t lower taxes when inflation is high. It’ll just cause more inflation. Now you could if you cut spending accordingly but the job losses and recession that follows would create a backlash against the party in power.
Wonder how Biden voters feel now??
You've got be insane to vote for that ....(bleep) again!
They still blame President Trump! This is the great communist reset.
Insider trading needs to stop. Or let us in on it.😂
Greed soars.
Stop printing money!!!!!!!!!!!
Did he really say they raised their prices but not enough?
That’s not the issue.
The problem lies at the top of the corporate ladder.
The owners want too much profit.
The CEO’s want too much profit.
They should be retiring at millionaire status not living at it in their first five years at the company.
That level of entitlement is the problem.
Lower the expectations of the top and give the proceeds back at the bottom.
The prices will never go down only up. There are less and less jobs out there.
Correct. They would not have gone down no matter who was elected
Voting for the wrong person has dire consequences for the entire nation. Try to remember that come this Nov. 2024 and don't repeat your mistake of 2020. If you do everything will get much worst in the next 4 years. Shalom
Here in Texas, I'm practicing my summer power blackout survival tactics by using a wet beach towel as a blanket.
The cure is getting Brandon out of office.
Trump will win, but Congress must turn red too. Make it happen, or regret it profoundly and pay for ever.
It’s called. Use the Outer Spaces your address so that way they can’t charge you any Taxes
Stop printing money
How can you almost double the budget in 4 years with out destroying the US$
Stagflation! Since when is 4% unemployment high enough to cut? From the beginning, the Fed has been "out to increase the average inflation target from 2% to 4% to "Devalue" our massive and never ending deficit spending by 'Debasing the USD' more aggressively. Powell is losing control and inflation is now in charge reflected by the US Treasury 10 year yield. Without fiscal government spending of approximately $1 Trillion dollars every 100 days and government jobs, we would be in a deep recession. He didn't hike high enough to crush inflation, so it will boomerang back up as GDP weakens.
Nation gone to the dogs
No use trying to "Saw Sawdust"
One foot into the grave
I had my first McDonald's meal when I was 7 years old. Not bought by my parent either. My next out to eat meal was when I was working 2 jobs by the age of 12.
Rich men north of richmond don't have a clue and don't care
I do not go to Starbucks prices are outrageous I go to the grocery store and get a jar of coffee which makes me about 100 cups of coffee for the same price that the idiot people go to Starbucks and get one cup of coffee
To all of you Biden voters out there. Did you get all of the things you wanted? Free stuff. All of that costs money? Can any of you guess what Uncle Joey is going to need from you next? Higher taxes.
What percentage of that 81 are paying taxes anyway? Compare the percentages from when they voted for him to now. How many dropped off the tax rolls to take advantage of all the "free stuff" they were promised?
@@chickchoc One day the welfare will end, people will go back to work where ever they can. Labor rates will drop when 350 million Americans no longer get welfare. The US dollar may have to be replaced with the Mexican Peso, or BRICS currency
The problem are companies trying to make more profit every year selling the same products. There is a such thing as equilibrium but they refuse to accept that
we have more important things to spend our money on than mickey d's & coffee. so keep raising those prices.
For the last 2 years i make a pot of chili last me all week. Making nachos, chalitoes, frito pie and plain was $15 to make 2 yrs ago now it's closer to $50 and no nachos or xtras.
And people do nothing about it. They let it happen.
Investment companies buying 10s of thousands of homes, and the morons in govt spending trillions will ultimately make us fail. Housing needs to come back to the consumer, energy prices have to drop, and we have to force the govt to start spending like they are on a real budget.....it's too far gone, we have to do something now. Rome eventually fell, and so we follow suit-
Fast Food was a treat because they had decent quality back in the day (90s, early 2000s). Now, its worse quality and higher price. Most of the time after my family eats it, we're just regretful/grossed-out.
This crazy inflation is due to Brandon’s crazy government expenditure and money printing
The last 3 years have been horrible. I'm a tradesman and I'm barely able to give my children a "comfortable" life...
What happens when you vote with your feelings
If people working around you with two jobs and you know most are struggling to get by or don’t have money for leisure and luxury like eating out often,travelling outside states or country and were not able to get their dream house or cars to be driven and enjoy.
It’s all fake
You gotta have more money to buy things that cost more money
It’s a false sense of entitlement
$10 for a Filet of Fish Meal is ridiculous
Why would anyone have confidence in McDonalds? It's more expensive for inconsistent items. I have not had good McDonalds fries in a decade
We have quit drinking coffee totally in our house. No longer go to Starbucks, Dunkins and Sonic Red Dot. Just the price to make good coffee at home is way too much. We do not like the folgers junk, We just quit coffee, it was hard but we did it.
Starbucks is having big dips because they went woke. GO WOKE GO BROKE!
I want the government pay and royalties and perks they get every week
"hey, I'm completely useless with the trillions I have, can I have a few trillion more?"- The Federal Government
Ridiculous use of graphs. They didn't allow enough time for us to figure out what the graph was supposed to be showing. They should have just done the story without the graphs.
Warehouse workers need a raise we are the ones that move everything why are we getting put to the left
Shut up, poor people. You're harshing my rich person buzz.
Thank you.
This bill screams don't elect me again.
Purple drank has doubled here in the hood
Corporations are enjoying record profits. Everyone should stop blaming inflation and start blaming corporate greed
It’s a mixture of both. Both entities are to blame. Governments ever increasing taxes and over regulation and corporate greed by taking advantage of inflation and passing it off as 100% governments fault. Example of corporate greed, an item goes up in price 20 cents considering all elements in the process but corporations raise the price by $1 and say it’s all inflation. This is excessive profits by corporations and excessive taxes by government, a recipe for disaster for the common people who are being squeezed for all of this. I can see a need to make a profit if your a business but dang businesses these days want to own the world…
My family of 4 recently went through the drive through at McDonalds in WI and our bill was over $50!? You have to be kidding me... I don't plan on going out to eat anywhere for a while... Our family has probably cut going out to eat by 50-75% the past year or so.. And our household income is around 250K. I'm not paying hard earned money however on these crazy prices... NOPE
I love it. People need to realize who they voted for. We are all losing now. Unless you are rich.
Just keeps getting better and better.
FJB!! FJB!!!
Everyone needs to stay home 3 days all at once and buy nothing
Pro Israel companies with active boycotts are seeing a reduction in sales?
It never trickles down. Who does it trickle down to? My last raise wasnt the usual 3%. Im having to fight for 8% because i cant wait 3 years to still be 12% behind inflation still.
People don't even eat inside Fast Food restaurants anymore.
Keep raising min wage this is what happens.
I only go to McDonald’s 3x a day instead of 4-5, 7 days a week. making sacrifices. 🤷🏽
They arent hurting they are just making $2B instead of 3B