Hey Scott, I know a good way bring down the deficit. How about we tax you! How about we put a sales tax on your speculative turnover. How about we raise the capital gains tax on your parasitical derivatives trading? How? How about we bring back a formidable progressive income tax structure?
He lost so much money for his firm that it went from 5 billion down to 500,mil in under 10 yrs. He would be a horrible pic for anything involving finances or the economy and especially especially for the treasury.
So out of touch to say that with capital gain tax the £400000 tax threshold will apply to everyone; in the billionaire’s world, i guess 400,000 annually is everyone… TOSSER
Weak analysis of what's been happening in the US economy. This talk is more politics than reality . Bessent's characterization of Biidenomics and Reaganomics are inaccurrate cariacatures and his evidences that he cites is annecdotal and deceptive. His view of how modern economies work is dated , simplistic and wrong. Bessent is a Wall trader not an economist. His opinions reflect that.
Absolutely spot on. He's a speculator. He's a parasite. They have a certain method by which they view the world and we Don't need more of them in our institutions to making policy
Very much agreed. I've always felt that once an economist (of any stripe) becomes a political partisan, they become essentially worthless, if not dangerous. A topic as important as this absolutely requires a dispassionate, intellectually honest approach. You will rarely get that kind of approach from a political partisan. From either "side".
Incredible talk. Scott is spot on with several comments.
He’s got it right. Deleverage through growth! Pro growth!
yea no shit lol
There is no tax collection problem. Really? Who’s this guy representing?
He means the US takes in enough money, it's not spent properly.
George Soros
Hey Scott, I know a good way bring down the deficit. How about we tax you! How about we put a sales tax on your speculative turnover. How about we raise the capital gains tax on your parasitical derivatives trading? How? How about we bring back a formidable progressive income tax structure?
He lost so much money for his firm that it went from 5 billion down to 500,mil in under 10 yrs. He would be a horrible pic for anything involving finances or the economy and especially especially for the treasury.
So out of touch to say that with capital gain tax the £400000 tax threshold will apply to everyone; in the billionaire’s world, i guess 400,000 annually is everyone… TOSSER
Weak analysis of what's been happening in the US economy. This talk is more politics than reality . Bessent's characterization of Biidenomics and Reaganomics are inaccurrate cariacatures and his evidences that he cites is annecdotal and deceptive. His view of how modern economies work is dated , simplistic and wrong. Bessent is a Wall trader not an economist. His opinions reflect that.
Spot on comment
Absolutely spot on. He's a speculator. He's a parasite. They have a certain method by which they view the world and we Don't need more of them in our institutions to making policy
Very much agreed. I've always felt that once an economist (of any stripe) becomes a political partisan, they become essentially worthless, if not dangerous. A topic as important as this absolutely requires a dispassionate, intellectually honest approach. You will rarely get that kind of approach from a political partisan. From either "side".
If he does get to be Treasury Sec, don't let him near a microphone. Jesus, he is a terrible speaker.
Lol