"Despite the common belief to the contrary, veteran-specific benefits and services fall short of meeting the needs of veterans and their families, many of whom struggle to meet basic needs even with Department of Veterans Affairs (VA) supports!" The Governments always find the money to go to war, but not the funds to pay for their REAL needs. Thank you Robert. 300,000 plus Vietnam Veterans have died from illnesses directly related to their exposure to dioxin (Agent Orange) AFTER they came home and for years both the USA and Australia have fought paying benefits until recently. Sadly so many patriots paid that lack of help with their lives ... "Memorial Day" ... to both governments it's just another holiday.
Also, when Trump gives those tax cuts to the rich, less federal revenue means less is given to each state, which means they have less to give to cities and towns. So either city services are cut or property taxes go up.
As a business owner I saw how I made more under democrats than I did under republicans. Sure I paid more in taxes but I made more money and it made my business stronger. My business almost failed under trump but under Biden I have so much to reinvest in the company and employees
i went broke when obama took office. couldnt get employees anymore at any wage. even $50 an hour. cause democrats paid them to stay home. whats your business? section 8 housing? smoke shop? liquor store?
I'm disgusted with Biden over {Pal Es Teen,} but I still think I'm ethically bound to vote for him. Lesser of two evils. ... We're living in an oligarchy with a democratic paint job, I accept that.
What are you talking about? This has been reported on extensively! If you actually paid attention stead of falling back into the boring “media bad” narrative, you might know more. Even the Wall Street Journal … which is very pro wealthy, and very conservative… reported on it. Local outlets reported on it, USA Today, The AP, Reuters, the Washing Paton Post, Business Insider, etc.. Your bad choice of media consumption is no one’s fault but your own, don’t claim no one is doing something just because you are too lazy to check.
What are you talking about? This has been reported on extensively From the AP to Reuters, to Business Insider and even the Wall Street Journal. You are just lazy, and fall back on the lazy "media: bad" narrative, because it is easy, and complaining is more fun than actually knowing things. So, how about instead of lying about reporters not doing their job, you start paying attention? IF this is the first time you heard of this, YOU are the problem, nobody else.
Most mainstream media is occupied by pundits who shill out what advertisers and corporations paying their salary want them to say. Shiny teeth & pretty hair models are not making sure you understand all the facts. Start asking yourself when you see & hear a broadcast "What is the reason this is important to say right now?" "Where is the info i need to understand X problem and what are my representations, not some wealthy buisnesses, solutions for X?" Notice how little a 24/7 newscycle, across hundreds of news outlets, with millions of viewers, is engaging the public in asking what Americans want to do about X perpetual problems, these businesses make monies convoluting & contriving. Write your congressmen, demand action in congress (or fired) regarding what we need to vote on, advocate ideas & changes worth voting on collectively. Not dualistic colors of absolutism.
Orwell warned about the US military industrial complex shaping a new world order. Big brother arrived post ww2 and we have been living in it ever since.
You’re forgetting the brothel/casino in Nevada that was seized by the IRS over back taxes. Running it as a government operation, it folded completely and went bankrupt. “We’re from the government, and we’re here to help.” The nine most terrifying words in the English language, just as Reagan warned us.
Nah Biden is doing a fine job and beating everyone to bankrupting the house. Largest increase in deficit under Biden in americas history people. Oh and higher prices on everything, chaos in the world. Any democrats face when you list facts 👉🤬
My corporation which I bootstrapped from $0 to $80M worth has never seen the growth we experience today. The Trump years were hard years with constant uncertainty and faulty economic moves. Economically I could never vote Republican, they play for the ultra rich and care less for any class below that. The democrats bring stability and common sense for all
You're lying. The economy during Trump was never better. If you saw growth during dumbojo it was because all the previous business came flooding back AFTER the demorat shutdowns.
Why didn't you mention the most important part? TFG says he will put a 15% tariff on imported goods. If people don't like high prices now, they'll hate it then. Spread this everywhere.
@@williamanderson4029 No not like that at all. Biden's tariff is targeted at the competition from Chinese EVs only, as a way of benefiting American car companies while they transition to EV technology. While one can argue about that strategy, it won't affect the economy in general. Unlike Mango Mussolini's general tariff which wil give us hyper inflation and trash what is currently the best economy in the post-Covid world.
@@dustinstoker I meant most important as an election issue. "It's the economy stupid", remember? In actual fact, the preservation of democracy is the most important issue. Most voters don't realize that.
He raised my taxes. He was ONE vote away from taking my healthcare. Now he wants to raise prices on most goods by 10%. Not on my watch! Donate, canvass, phone bank, call your representatives until they're sick of hearing your voice. We cannot allow this man to ever be anywhere near the White House again!
Well, Joe Biden already inflated our currency by 20% in just 3 years. If everything is Putin's fault, Trump's fault, or the pandemic, begs the question, who's in charge? Go ahead, cry about what didn't happen, what you speculate might happen, but our money is worth significantly less and if Joe Biden's leadership isn't sufficient to bring about prosperity, then what is his leadership worth? "Pay your fair share" said the man whose own son is getting away with not paying his fair share. "A little bit of breathing room" is all we get, but billions we don't have spent on proxy wars, which Biden has yet to solve or quell, is acceptable to you? Remind me how many million barrels of oil from our SPR was sold to China? Remind me how many billions we have given to Iran, a known supporter of terrorism, because people like you think money is not fungible? Reminder, it was Trump who championed the Abraham Accord, literally brokering peace in the Middle East, which was promptly sidelined when Joe took office, and now we have another war in Israel, costing us billions we don't have. Tell me again how Biden should be given another term and why we cannot allow Trump anywhere near the WH again.
You really think that the 2 party system can fix this? We're pretty much fucked at this point. Harris just wants to take more rights, Trump just wants to be a dictator.
I opened up a high yield savings account back in 2017 and interest rate was 3.25 by the time Trump ended his term it had gone down to .5%. Now that Biden is in office it’s up to 4.44%.
Yeah? And what happened during that time between then and now? Oh I don’t know stock market volatility, trade war that Trump lost by the way, government shut downs oh by the way he saw the longest government shut down in history because he was strong arming Congress to get money for his wall that did nothing to stop illegal immigration, then of course there was a pandemic that he tried to ignore and when it hit the country he didn’t know what to do and was desperate to keep the economy open because he knew that was all he had, oh and then there was the shaky and anemic response to that failure, then there was a stimulus checks… So basically what I’m getting at is that Biden? It’s not his fault that you’re “high-yield savings account“ is not where it was, Bonnie. Biden had to clean up the mess of yet another failed Republican president. And I’m going to illustrate a little history to you. Republicans are terrible for your savings account. Don’t believe me? Ask people who experienced the crash of 2008. Oh and this is the part that’s going to hurt you the most but I’m here to help: if Trump gets back in office? He will put us on a path to get another financial meltdown. Where will your savings be then I wonder?
And what? These kinds of thought processes are very short sighted and don’t tell the whole picture. Since higher rates means increased borrowing costs, slower economic growth, higher mortgage payments, strain on small and medium sized businesses, lower consumer spending and confidence, plus many more. You making that in saving doesn’t really make a difference when it’s being passed on by the costs of everything else. Low rates also has its cons, however rates only went so low due to the world being halted by Covid, in order to stimulate the economy. This interplay helps manage economic stability, although it’s not always timed well or effective in the short term.
So why did he insist on loosing money by running for president on multiple occasions. Unlike Biden he doesn't need to be in government to make a fortune 😂😂
1 Timothy 6:10 - For the love of money is the root of all kinds of evil. Even go so far as to become The Biblical Antichrist, as God and Jesus warned up about.
And yet Trump’s fortune dwindled significantly during his time in office, while Biden and Obama (not to mention the Clinton’s) became multi-millionaires, all on their meager government salaries. “Show me a man who gets rich by being a politician, and I’ll show you a crook.” Harry S. Truman
Yea, core inflation was around 3%, and Gas was hovering at two dollars a gallon depending upon what part of the country you lived in back in January of 2021... Barry was right; Brandon managed to Fuck this one all to hell...
@@StillPlaysWithModelTrains1956 People saved money during covid, because there was less to use it on, so increased spending rises inflation. Russia invaded Ukraine. That increased prices for oil and energy in general. Inflation in the rest of the world is higher, which means that what you buy there is more expensive. Of course, during the current president there are more people employed. That as well increases inflation. The same does the fact that the price for life crucial medicine has gone down (though in a small sense) and the fact that many have had wage increases.
Mr. Reich, please continue to fight the good fight for my grandson and his generation. As for me, I am going to take my Social Security and meager savings to a country with better health care and an affordable way of life. Keep spreading your message.
Why is no one talking about the economic hazards of proposed migrant deportations? The effect of inflation in areas such as construction and housing, agriculture and meat packing, will be devastating! Not to mention labor shortages in general.
Because racism is paramount to all of the white boys and girls, which Trump exploits. Same age old BS as to blaming some perceived "enemy" for a nation's problems. And as to those same white boys and girls, I don't hear from any one of them about how migrants took their crop picking jobs.
You mean when he plans to tear people out of homes and their cars in front of their screaming (then traumatized) kids that were born here? Virtually leaving them with no parents and going into foster care? And doing that on a massive scale with millions of people? Yeah, who will then work in agricultural fields, restaurant kitchens, construction, etc etc. It's scapegoating in its most brutal form. The rich are way too rich and they make you focus on the poor immigrants.
Wow and the burden of 30 million illegal immigrants getting free handouts while real Americans get slapped in the face How ignorant can you possibly be. Your rose colored glasses of oppression are clouding reality and truth Grow a pair
@@patmischel6883 obamy campaigned on tripling the cost of electricity and $5 gasoline. biden is controlled by obamy and the globalists. Everything is so expensive because of the demorats shutting down the entire country. Trumps inflation rate was 1.5% and biden and harris have been in charge for almost 4 years. How are all your problems Trump's fault?
From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
I agree. A financial advisor can really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
@@MPMelo11 pretty sure they mean DJT and Republicans stoking willfully ignorant maniacs to go out and spread COVID instead of handling it seriously at the beginning. GOP tin foil hatters were literally coughing on food at groceries stores because Trump and FOXNews kept telling people it was a hoax
@@grimsonforce7504 Sleepy Joe seems like a weird insult because i've yet to see Biden fall asleep publicly but Trump nods off in court almost every day
When I was an English teacher in the Mesa Public Schools district in Mesa, Arizona, I applied for the federal loan forgiveness program. One stipulation was that applicants had to have taught two or three years in Title 1 schools. No, problem, I thought. I'd taught 11 years in Title 1 schools. When my application was rejected, I was depressed. My husband's cousin taught Math and he had his loan forgiven, but not me. Then I heard that only Math and Special Ed. teachers received the loan forgiveness. Later I heard that 93% of teacher loan forgiveness applicants did not get their loans forgiven. What gives, and where did the money appropriated for that program end up? Probably in some congressmen's or school administrators' pockets. Thank you, Robert Reich, for making Americans aware of these problems.
I worked 6 and 7 day weeks for years to pay off my student debt. I didn't twist anyone's arm to take out a student loan, and I don't want to pay for it. I figured out for myself that my aspirations of being an archaeologist were unrealistic, because the cost of my education wouldn't be rewarded by a higher income. If I could make that decision at age 18, why can't these young adults do it today?
@edwardstevens6787 Then what about the massive aid to Ukraine and Israel? Are those more important than the lives of the citizens who chose to get education? Education should be a right in a country like America. I have had to defer my doctoral program due to fear of incurring debt. It shouldn’t be! If the country could squander billions in Afghanistan why can’t education receive better funding and be made affordable?
@@edwardstevens6787 It's not about the degree; it's about the costs. I know someone who just had his debts forgiven. He studied geology, and got a job working for his state's EPA. He makes $15/hr. He's 62--now he can look forward to retirement. He's been paying the min for years--while he raised a family. My son in law just graduated with a degree in emergency management. He's got more FEMA certifications than most. He did an unpaid internship. While there are more disasters and emergencies than ever--he can't get a job in his field. He's working as a school security officer--because those loans come due the day you turn the tassel. It's compound interest, and you can't get rid of them with bankruptcy. Lots of people criticize those who carried debt, but no one has a solution that works for today. "The average cost of attendance for a student living on campus at an in-state public 4-year institution is $27,146 per year or $108,584 over 4 years." Most young people won't be able to pay off 100k in debt in ten years--not even working 7 days a week. This is why most young people realize they won't ever own a home. It's why so many aren't having kids or getting married. With compound interest, these debts often grow faster than they pay them down. Why is it okay to allow our younger generations to struggle financially? Deny them debt relief, and we'll STILL be paying for them--just not for their success. We'll be paying for their failures: SNAP benefits, Section 8 housing, Welfare, WIC, Medicaid, and even incarceration. Give 'em a hand up, and we won't be stepping over them sleeping on the sidewalks,
@@edwardstevens6787 not everything is cut and dry. People at 18 may be getting educated for jobs that are expected to make higher income but for whatever reason don't. Its also worth noting that the cost of college has skyrocketed. I'm guessing the average cost when you went was much more within reach as compared to a young adult today.
@@edwardstevens6787 not sure where you are politically but one thing to also consider. When trump's various businesses went bankrupt who ended up with that bill? We allow billionaire business men to fail multiple times and continue unscathed but if you take out a student loan... Only option is off the grid finances or death. We allow "entrepreneurs" like trump to take risks on the hopes of making it/becoming profitable but lord help a student take a risk to get educated and the job, or as high of an income as expected isnt there.
2 weeks before that tax cut was put in (tax cut act of 2017), there was a special provision put in for partnership companies that allowed then DJT to claim those tax cuts for his businesses. And the guy who put that special provision in was none other than Steven Mnuchin.
Here's the right way to cut taxes: Remove taxes from: - [ ] Social security income - [ ] Unemployment income - [ ] Tips - [ ] credit card interest - [ ] Car loan payments - [ ] Student debt interest payments - [ ] Groceries! All of these things used to not be taxed, but then suddenly were taxed in the reagan administration to pay for their "trickle down" tax cuts for the rich.
@@spir5102 that's a state thing. More charter and religious schools are now supported by our tax dollars and don't have to allow kids with special needs.
Can you do a video on Bidenomics so we can compare it point by point with Trumponomics? Is Biden better for middle class tax payers? And what about saving social security and medicare? Combatting rising medical costs? A point to be made would be that MAGA followers are voting against their self interest.
*☀️Daily reminder☀️* *🔸️Updated🔸️* Concerning action that you, the US citizens, can take against judge Cannon. Not only her, but also justices Alito and Thomas: Glenn Kirschner, in a recent video on his channel titled *"Judge Aileen Cannon's Bias Is Showing,"* explains step-by-step how every concerned and angry American can file a judicial misconduct complaint form with the 11th Circuit Court of Appeals to insist that Cannon be removed from the case and a fair, impartial, and independent judge be assigned trump's federal case in Florida. *Update:* In a more recent video (towards the end of it) on Brian Tyler's channel titled *"Prosecutor takes on Supreme Court amid new scandal,"* Mr. Kirschner urges everyone to also file misconduct complaints (on the same website where you file againstCannon) against justices Alito and Thomas. One form per person. What do you have to lose, good people; *help make justice matter!!*
As a World citizen, I wish I could file these complaints myself, since it is in the interest of the entire planet that USA, being the world's most influential country, is as wholesome as possible in every aspect. To that end it is imperative that they hold trump (preferably also his co-conspirators & enablers) accountable and make an example of him. The very least I can do (being a foreigner) is to pass on the information about this recourse which Mr. Kirschner presents you Americans with. This (spreading the word) is something _everyone_ can do, and I encourage you all to get the word out here on youtube as well as to family, friends, relatives, and acquaintances. *Good luck, folks, and thank you!* 🇳🇴 ♥️ 🇺🇸
Some may have seen this message posted by another account. Both accounts are mine. TH-cam banned all comments from this, my original account a while ago, forcing me to use the other one. It seems the issue was youtube deciding that my old name "camelshit" is too improper. Cameldung, on the other hand, being acceptable🤔. Be that as it may, my name remains a tribute to the wonderful David Bowie. The specific song it refers to is his exquisite "It's No Game (Part 2)".
THANK YOU for this actionable info! Most media are EPICALLY failing to call Americans to act. Voting is NOT enough to maintain, defend, and keep Democracy. DEMOCRACY ISN'T A SPECTATOR SPORT! Sane/decent/unbrainwashed Americans have 160 days left to rise to the challenge before Trump forces rise to deprive us of the ability to do so.
@@camelsheit_on_the_walls446 You just commented though. Lot's of people are posting this too, or telling about Glenn's video giving instructions. The more who do it the better.
@wellhellothere6347 It was a hassle to get youtube to quit hiding/deleting my main messages here, though. I don't know how many times I rephrased, changed some words, added some words... I still now and then need to change some detail or other, as it seems youtube will deem that something is spam if posted several times. And yes, the more people who tell about Glenn's video, the better!
Rich people can't exist without poor people. No wonder why there's not one movie with the premise of "rich guy wakes up in a dead world, and slowly goes insane while discovering the harsh truth beyond his golden-veiled comprehension". Kinda like "I am a Legend", but with Bill Gates waking in a Mad Max world, but a billion times worse.
Very profound! The rich cannot exist without the poor. Therefore, to create more Gigarich we must produce a lot more Poor, a lot more than a lot. And we seem to be very successful at that...
@@velisvideos6208 Exactly. Markets aren't static or totally finite things, but generally? A gain somewhere usually means a loss somewhere else. ... Unmoderated capitalism consolidates wealth into fewer and fewer hands over time. Money = power coupons. Capitalism, unless heavily regulated, becomes neo-feudalism. ...Like the USA in the late 1800's? Life in many "company towns" was more or less debt serfdom.
There was a book, a long time ago, 30-40 years ago, called Stark. The rich knew that the earth was being destroyed by their practices but to fix it they would lose some profits.😯 So they secretly built a moon base and some rockets to get themselves ( plus one, not necessarily the wife ) there. The world died, but the rich didn't have anyone else to do the work. The final scene was the main rich character opening the airlock to have a walk outside...
I don’t follow Reich often. Has he discussed Trump in his ultimate wisdom wanting to have more authority of the FDIC? A guy with multiple bankruptcies deciding monetary policy? What could possibly go wrong?
Where do you think the oil companies are going to get the BILLION that Trump "suggested" they donate? From you, the driver, the user of delivery services, the recipient of transport of goods for basic living.
@@stephencurry8552 I did the research myself. The 8.2% came from a report published by Biden’s White House which included unrealized gains as income, which has never been deemed “income”. But go ahead and spread the lie if it fits your narrative.
@@player627 I read the FT, the NYT, WaPo, the LAT and the WSJ daily. What do you read sport? Do you pay for any subscription to either financial or economic information? I wager you do not. Hey, how about we meet face to face and you try to mouth off to ne in person...
Robert, someone from across the Atlantic pond here. I really like how you show in plain English what would happen. Just one thing that really bothers me is that all that Trumpism, it's like a sect... You can't reason with them, they won't even take the opportunity to look at issues from multiple views and even worse they defend it without even questioning what truly has been said and what it really means for their personal situation. To teach the people to see things objectively, then to listen to someone who just says the right words, just to get back into office and let history repeat itself... Something around '39...
The better word is "CULT." However, with the moods and prejudices of so many right-wingers being allowed to surface, Trump can - and will be - replaced, but fools like "Speaker" Johnson are in the wings, ready to go. Just look at the sycophants that lined up outside the recent trial to kiss his, uh, boots, and hope for a blessing.
this past 4 years, my cost of living has never been worse. hard to call out the other party when your own party hs presided over the worse inflation in half century!
i've said this to a couple of other people, but the reason that inflation is so bad is because biden has been acting pretty fiscally conservative by doing things like not going after some of the major culprits of inflation, that being corporations who have been artificially raising the prices of things. Considering who trump is, the inflation will be the same or worse.
High inflation was caused by: 1. Tarriffs from Trump. 2. Supply chain disruption. 3. Corporate greed selling everything at a higher price. 4. Corporate consolidation leading to no competition and higher prices. Biden has inflation fallen by 60% and core inflation is at its lowest level in two years.
Great again and sooo true. And I don't understand why something that is called an 'entitlement', can be up for debate. You paid for it, you're entitled to it. You did not pay all those years to help the government fix their budgetary mistakes! And calling it a budgetary mistake is mild! Especially not when the debt got increased, benefitting the only group that doesn't need any tax cuts. From The Netherlands to the US ... Paint the legislative and executive branch totally blue 💙 and work on changing the judicial branch as they are the joke of the world (next to the Republicans in the House). How can judges and justices rule in such partizan ways? A judge should be above any political party and not serve one ...
@@CHixon I have been turned down anyway. I have gone through four doctors and lost my great plan. Its not offered it cost too much. Now i have the best thats offered. Cost more snd covers way less. Thank you obama.
In Obama's first year in office, my mother-in-law proclaimed "he's spending us into oblivion - look at national debt!" I responded, "you weren't upset at the first $9 trillion run up under Republicans. Why does the tenth trillion concern you when we're in the midst of the worst crisis since the Great Depression?" She had no answer...and yes, she watched only Fox News!
I want to cut spending AND increase revenue... the RIGHT way. Why is it that the Two-Party System screams about spending and the debt but they don't want to stop the ***billions we give in oil subsidies?*** Why don't they say anything about ***Medicare Advantage companies STEALING from Medicare*** by double or triple-billing to the tune of BILLIONS of dollars? They throw money at the DOD with zero oversight. Read about the time we ***paid $52,000 each for TRASH CANS.*** For half of the country, that's more than you make in an entire year! For ONE trash can! We pay ***$777 billion each year to health insurance companies. And they RAISE PRICES AND DENY US COVERAGE ANYWAY!*** Republicans blame Democrats for "spending too much" but they don't want to ACTUALLY reduce spending on ACTUAL wasteful spending on giant corporations... just working people. Democrats don't ever seem to want to cut spending, because they're ALSO in the pockets of giant corporations. Neither side really wants to ACTUALLY tax the rich, which even 60% OF REPUBLICANS want. We CAN cut spending.... and we can raise revenue... and we can do it without hurting working people. But we HAVE TO STOP LISTENING TO THE LIES OF THE TWO PARTY SYSTEM! They are both BOUGHT by corporations.
Why the non-sequitur? You can (and depressingly many do) build a terrible nation with far less than "trillions" in any of those categories, and you can likewise build a good nation despite them. It's not about how much you've got, it's about how you use it. Reagan's choice for how to use it was taking as much as possible from the middle class and giving it to the already-wealthy, and nobody with enough power to do so has bothered to choose differently in the four decades since.
@@altrag Your saying the Aztecs and Incas built huge empires with well paid Union Labor??? Reduce both power and treasure and you will see lobbyists leave dc and the career politicians, who are back in power, begin to retire.
Does your family have a history of inbreeding . Do you even realize how ignorant your post is? Who has been forced to have a baby, show me just one example of a women being forced by our government to have a baby please Just one
Last time I checked progressives' idea that SS should be means tested amounts to cutting a benefit I've paid into as well. What's the difference exactly?
All I have to do is look at the graph of my IRA to see that Democrats are best for the economy. The only real threat to Social Security is the republican party. When the laws require that rich people pay their fair share America will be in a much better place. Also speaking of Romney care, there have been many promises of "cheaper and better" yet I have seen no real plan.
Health insurance premiums are already going up double digits. Last year we were at $2,053 per month. This year it went to $2,422. That's 18% increase in 1 yr. I'm not sure it will matter who is in office.
@user-sr8lf5um8p You are correct in the sense that the president can only do so much. That's why it's so important to vote the entire ballot and pay attention to all political races, not just POTUS. Also, remember that your local and state politicians are your "farm team." They are the ones most likely to advance to running for the "majors" (Congress and POTUS), so pay attention to and VOTE in your local/state elections.
Odd because here in California, my health insurance premiums went down. I know some friends who had theirs go up, but by 4%, not 20%. What state are you in?
@@user-sr8lf5um8p Yeah it looks like you're right, they were higher in Washington. Not sure why there's such a disparity. Might be threat of single-payer we keep brining up but never do.
Yep, corporate Dems are only slightly better on healthcare than Republicans. Very few politicians are interested in controlling healthcare costs. They are good at coming up with excuses why the system "can't" be made better.
@@richardthorp5700 Mind telling us how wrecking your bank account is tied to Bidenomics? Or are you talking about prices and inflation which is global in nature? And monopolies in the food sector keeping up prices fot their bottom line and not reducing prices for Americans to give them a break. Capitalism gone too far ... Company revenue being more important than the wellbeing of US citizens ...
You can believe inflation is global if you like but since this man has been president his policies have driven the price of everything in this country up
And 100% guaranteed Sean Hannity will say Biden "raised" taxes instead of telling the truth. And millions with the attention spans of goldfish will believe him.
And Sean Hannity will leave out the part that everyone paying attention knew it would happen. He'll tell everyone that Biden "raised" taxes, and millions of people with short attention spans will believe him.
Sure, but they'll just blame Biden for it. Or at least try to. That schedule was planned with the expectation that Trump would serve two terms and then there would be a flip, as that's by far the most common scenario when it comes to presidential elections in the US. Ideally (by their reckoning), they could ride out the wave of "low taxes" and have the spike hit just long enough after a Democrat takes office that they could "plausibly" lie about why there's a sudden tax increase. Trump's failure in 2020 kind of screwed that plan up. It'd still work if Biden retains the presidency (might even work better as there's a larger time frame to lie about) but if Trump wins they're going to have that much harder of a time. They'll still try to blame Biden of course, but the timing they chose for the purposes of a "plausible" lie goes both ways - Trump will have been in office long enough that the lie will be harder to push. Of course Trump's got a saving grace on that front - he's likely to make everything else so terrible that a tax increase is the least of peoples' problems.
@@helendropinski3754 > keep those tax cuts for everyday Americans! I'm not sure if this is sarcasm or if you're an actual Trumpist, but either way I've got a question: Why would he keep those tax cuts? He isn't allowed to have a third term, so if he does get reelected there's only two options: 1) He leaves office when his term expires. He's not running for reelection so why would he care about your vote? There's enough sycophants on Fox and at his rallies to keep his ego boosted so what's in it for him? And it's not like he's ever shown any proclivity at all for doing things that aren't purely for his own benefit. 2) He doesn't leave office when his term expires. In this case he's already destroyed any semblance of American democracy anyway so again, why would he care about your vote? The only way this "works" is if he can tie the extension to an even bigger tax cut for the rich than he gave them in 2017. Probably need at least another $3-4tn added to the deficit this time. Rich people gotta keep up with inflation too, you know!
5 facts you need to know about Trumponomics 0:12 1. Tax cuts for the rich 0:45 2. Cuts to Social Security and Medicare 1:19 3. More junk fees 2:08 4. Soaring healthcare costs 2:50 5. No student debt relief
I'll add a couple more, straight from Project 2025, section on changes to the IRS, in American Fascist double-speak. 1. A REGRESSIVE tax structure will be created in which persons living at, near or under the poverty line will pay the same rate as someone who makes much more, i.e., there will be only 5 or 10 % rates. 2. Social Security, which is fixed, will be taxed at the same rate as wages, even though MILLIONS of Social Security recipients live below the poverty line. 3. ALL tax credits, including the Child Tax Credit, will be eliminated. 4. And, if enough revenue is not able to be generated with this tax structure, a 10% Federal sales tax may be implemented. Remembering that both the vast majority of wage earners and most Social Security recipients live paycheck to paycheck, does that libertarian-inspired policy seem like an intelligent way to increase spending to stimulate the economy? Tax to death the millions of people who can least afford it to the point that they cannot buy anything except absolute necessities? IMO this smacks of conservative voodoo economics created by wealthy people for the benefit of equally wealthy people.
All the people will cry out at the Great Worldwide Re-Set on 09/23/26, "No more war. Forgive our debts. Save us from Omega. We will do Anything!" That's when THEY unveil the NEON GAUD -- their Light Bearer -- the abomination of desolation. God as machine. Men and women will never lie, cheat, steal, or murder again -- so help us GAUD. You Will Be Happy. Resistance is fatal.
The Biden administration killed the economy . Literally open your eyes or go ask business owners and poor people alike if they're better off now? There is some serious delusional thinking going on with the democrats in this country right now
I support Trump. His tax cut for the "rich" raised the standard deduction to $25,000 for EVERYONE. That means about $10,000 additional of your income was excluded from taxation. That probably put $2000 in your pocket, EACH YEAR, and will, until the cuts are allowed to expire.
I think we should do what Ecuador did, establish an entire public university system FREE at point of use, comes out of taxes. They still allow private schools to exist, but they don't receive government funding. They were able to greatly improve their education system, and are really producing some excellentvwchikars
Y’all need to quit!! Trump is not gonna do that. We’re living in the most expensive time right now. You are so desperate to flip the poll numbers but we’re not believing your lies anymore. TRUMP 2024 🇺🇸
I believe this video is true because Trump sure talks about $10 billion dollars a lot. He says it at all of his rallies. He does focus on making the rich richer. And the poor, well they can just do the best they can. It’s only fair for the rich to pay the same taxes that we do. But not under Trump!! If Trump goes back into office there’s going to be a lot of tears!!
I Truly Hope Any Trump/GOP Supporters/Voters That Come Across This Upload Watch it (Not That Many of Them Probably Even Have Bank Accounts or if So Probably Not Much Money in Them)
We need student debt and education expense reform not forgiveness. Forgiveness comes across as cheating those of us who didn’t get into that type of debt, even though we have plenty of other debts with no forgiveness insight.
PLEASE, for the love of all that is sane and rational Mr. Reich, make a video that talks about CA, its problems, and Gov. Newsom. As a resident of CA, I am fed up of the insane amount of criticism directed towards the state and Newsom, with *NOTHING CONSTRUCTIVE*, just shit-talking about anything and everything not red.
lol you're probably decked out head to toe in MAGA merch and donated thousands to Trump's legal defense funds but can't understand why you have no money
@@blessingliberty-lr3nt I am on 73 on SS people like me the gas prices have basically home bound me food is so high meat now is a luxury my house payment keeps going up going out to eat is a thing of the past when trump was in office I could go out and eat once a week I just pray my car doesn't break down because I have had cancer 4 times I am a Vietnam veteran and have to get to the V A hospital do I really need to go on Biden is the worst I have seen in my life time anyone who votes for him needs to seek help he has distroyed america as I knew it especially with the open border FJB
@@blessingliberty-lr3nt with high inflation I have no bank account the amount of money joey is giving away is ridiculous I am a 73 year old Vietnam veteran on SS barley getting by especially with the open border it will only get worse FJB
@jamesheath5825 this video is made by a paid propaganda shill yet so many of commenters are absolutely clueless that they are being blatantly lied to.
Well, 20% inflation of our currency in just 3 years is a shadow tax on all of us. Is your home and car insurance more or less in the last 3 years? Are building and mechanic labor and those material costs more or less in the last 3 years? Are fuel and energy costs more or less in the last 3 years? 22oz cans of Arizona and Peace tea have been 99¢ for the last 20 years. Now they're at least 50% more. Is that a consequence of tax cuts, or poor economic leadership? Name one fast food restaurant that still has anything on its dollar menu that's only $1.
Social Security is self funded - it has zero impact on the federal budget, or at least it did until the Republicans started raiding the social security trust fund for their pet projects. It was supposed to be a loan, backed by bonds, but of course was never paid back. They stole roughly $2 trillion dollars from it. Inflation and the cost of food, etc...is a result of big corporations inflating prices, charging more for essentials, leaving consumers forced to pay whatever they charge. The president (no matter which one) cannot change this, for good or bad. If you think Trump will reduce the cost of food, not going to happen. This is all incredibly frightening, there does not appear to be an end in sight to any of it. Hopefully, someone who can actually does something before it's too late.
Has anyone else noticed credit card interest rates! when I was a young boy they called these rates loan sharking rates 20 and 25% !!! Now its considered to be normal, I dont think they care about us at all anymore.
When the bill to cap credit card increases passed, there was a grace period in it. During that period, EVERY one of my credit card companies raised my interest rates in spite of perfect records, in one case, from 5% to 29.9%!
I had a credit card once, for a Short time. The credit card company was crooked. I think they all probably are. I pay cash only now. much easier, no surprises. And for those that say living without a credit card cannot be done, yes it can be done. I'm Doing it. While paying my land payments, putting up my solar system. I install my own. No contractors. other ppl are living without credit cards too. Amish do it as well.
And let's not forget how home loan rates went from about 3% and below (I got 2.75% in February 2021) to 6.5% and higher in the first two years of Biden.
Um, 20% inflation in the last 3 years is a good indicator of poor economic leadership, only stupid, delusional people will think otherwise. Name one thing that was bad/wrong with the economy under Trump. Joe Biden repeatedly says that he "inherited" 9% inflation. That's false. Inflation was 1.4% in 2020/21. How's that "Inflation Reduction Act" working out for us? Was that Trump, or Democrats who championed that? Even Janet Yellen herself, in sworn testimony in congress said, "the IRA does little to lower inflation." Go take a look at how much the national debt has increased in these Biden years, and take a look at the trillions in budget deficit championed by Democrats, then tell me whose leadership is responsible for the current dump economy we have now.
You forgot his plan for 10% tariffs on all imports. That will not only rise the price of imported goods, but also the price of products made in the USA, that have imported parts.
Did you ever stop to contemplate and understand the far reaching effects of whatever the tariff rate is? Increasing tariffs on imports promotes growth domestically, which is necessary to sustain economic independence. How many things in your house say "made in China" versus "made in the USA" ?? Meanwhile, in just 3 years, Bidenomics has managed to inflate our currency 20%, which makes everything more expensive, not just imported goods. Worry less about what the tariff is and worry more about how much less our currency is worth because of runaway spending of money we don't have and perpetual budget deficits in the TRILLIONS.
@@Bobcat9 first inflation was all over the world, not specifically in the USA. Second the inflation in the USA is already down to a sound 2%, that’s better than other peso countries. And lowering it further would harm the economy like in Japan. Third only it’s stupid to want the low paying jobs back. I’m from the Netherlands, we used to build ships, until Japan took over, and after that Korea. We built now super luxurious yachts. It’s not about production, it’s about adding value. Fourth: you’re not up to date, cheap labour production is already shifting away from China to South America. And that must please you, less economic immigrants. Fifth: what about imported parts in the domestic production? What about flowers?
@@jannetteberends8730 Joe Biden is in charge of the most traded currency in the world. And he inflated it 20% in 3 years. Fact. The fact it is lousy elsewhere is not an excuse for poor performance from the most powerful office in the world. Democrats love to forget, they never mention that inflation is cumulative in their arguments. Joe Biden did the opposite of lead. He capitulated to revenge politics. Fact number 1: he abdicated leverage on global oil markets, cutting off our own cleaner, cheaper, closer supply with our friendly neighbors on the same fukking continent. He did so in favor of adversaries like Russia, Iran, BRECS and OPEC harvesting and refining and delivering and dispensing their dirtier, more expensive, and further away product Reminder, it takes petroleum, to operate every train and truck, and the cost of that is compounded and multiplied every time the price of fuel to the end user, goes up, even when that end user is a bank of giant diesel engines powering ocean tankers arriving in US ports. A good leader would have navigated us to an increase in value, or at least hold steady. Everything in our nation is worth less, or costs more, and the cost of petroleum is inextricably linked to the value of our currency, any day, year over year. Ignoring that and blaming our economic performance on others, like Putin, or the pandemic, is a huge error in your logical conclusions. Whose fault are all the outcomes/consequences of Trump’s years? They’re all his, right? Trump gets the blame for shiit he never did, never says, never meant, and certainly the things he did do. Now Joe. Whose fault are all the outcomes/consequences of these Biden years? Not his. It’s all Putin’s fault, Trump’s fault, the pandemic, Republicans, MAGA. Joe’s not to blame for a dang thing apparently. Our money is NOT worth more, everything costs more, literally everything. Imagine, average of 1% inflation for 20 years. Then imagine the difference in leadership when that same 20% comes in only 3 years. Then go look up how much money we’ve bought from the printers, aka The Fed aka the money tree… that service isn’t free. It costs us money, and the more they print, the more everything loses value. He had one job. Lead the way in exceptional, excellent world class leadership that paves the way for other nations to emulate. Instead, we’re a laughing stock, beset by homemade crisis after crisis. According to you, inflation all over the world is to blame for Biden’s poor performance. Meanwhile, all we get is “a little breathing room” - sounds like a winning strategy to me, how bout you? Are you happy with that? How much do we pay in taxes, for “just a little bit of breathing room” Reminder, brokering peace between Russia and Ukraine doesn’t have to cost hundreds of billions. Just the cost of hosting or attending a handful of decisive, productive, resolutions reached between leaders. Joe Biden is the worst, and the proof is on TV every day. “Pay your fair share” said the man, repeatedly, whose own son plead guilty to not paying his fair share. Then his sweetheart, way above the law plea deal he got, collapsed because he got too greedy, wanted immunity from future crimes. Now he pleads not guilty, and remains above the law every day he’s not prosecuted for EVADING the payment of his fair share, which coincides with millions in secret money, payable just because he’s a Biden. Meanwhile, Joe seems to think the pandemic happened when he was VP. Repeated that statement a couple 3-4 times now. Never corrected himself. Just repeated it, like it’s somehow true. Ask Joe what he was thinking when his son Beau was delivered home after dying on duty in Iraq. Oh wait. Beau Biden died in a hospital in Maryland. He returned home on his one two feet, not dead, not in a casket. Seriously, Joe has said 3 separate times, that Beau died in Iraq. It’s not Joe’s fault the onset of his dementia coincides with his presidency. It’s YOUR fault for ignoring that flaw of his, and asking for 4 more years of this shiit show.
These are examples why corporations favor republican administrations, regardless of how insane the GOP president may be.
We need a Monarchy. Repent ye: for the kingdom of heaven is at hand.
This video is lies
This is partially correct however the democrats are in equally on this. Corporations favor whoever is in power.
@@davidlafleche1142We don't need no stinking kings.
They favor the GOP because the Democrats are collapsing the economy
"Despite the common belief to the contrary, veteran-specific benefits and services fall short of meeting the needs of veterans and their families, many of whom struggle to meet basic needs even with Department of Veterans Affairs (VA) supports!" The Governments always find the money to go to war, but not the funds to pay for their REAL needs. Thank you Robert. 300,000 plus Vietnam Veterans have died from illnesses directly related to their exposure to dioxin (Agent Orange) AFTER they came home and for years both the USA and Australia have fought paying benefits until recently. Sadly so many patriots paid that lack of help with their lives ... "Memorial Day" ... to both governments it's just another holiday.
ALL citizens should get those benefits, not just veterans. Then it wouldn't be an issue.
@@wellhellothere6347As far as healthcare goes, you are absolutely correct. 👍
Thank You! As a veteran, I appreciate your comment.
Stop listening to AOC and NPR! Listen to Fetterman! Biden has to close the borders ASAP!
@@wellhellothere6347 Leach---Who id going to pay those taxes--Taxes on companies are a tax on their consumers.
Also, when Trump gives those tax cuts to the rich, less federal revenue means less is given to each state, which means they have less to give to cities and towns. So either city services are cut or property taxes go up.
I wonder if voters in the Red States (which typically get more in federal government spending than they contribute in tax revenue) realize this.
It will be both
Or maybe they can just stop funding wars in other countries?
Trump already cut taxes this video is lies
TCJA closed tax loopholes and raised taxes for the wealthy
As a business owner I saw how I made more under democrats than I did under republicans. Sure I paid more in taxes but I made more money and it made my business stronger. My business almost failed under trump but under Biden I have so much to reinvest in the company and employees
You must be in the business of spewing bullshit
@@jeffreygarner1973 cope harder :)
@jeffreygarner1973 you do realize trump is the one who is sleepy. He literally slept in his trial hearings
i went broke when obama took office. couldnt get employees anymore at any wage. even $50 an hour. cause democrats paid them to stay home. whats your business? section 8 housing? smoke shop? liquor store?
@@PhillipG34where he didn't sleep was when he was with his dear friend Epstein and their girls
Thank you Robert Reich.
Reich is a propagandist
Reich is a liar
And Biden has already "wrecked" national security! 🤕🤡
@@jeanine1410
Of the Third Reich.
We wish this was on the nightly news three times a day instead of how ratings are low for Joe.
I'm disgusted with Biden over {Pal Es Teen,} but I still think I'm ethically bound to vote for him.
Lesser of two evils.
... We're living in an oligarchy with a democratic paint job, I accept that.
And I really wish people would stop watching TV news. It's bad reporting.
@@grmpEqweer The lesser of two evils is still evil, and will perpetuate the system of evil. You want change? Vote for change. Vote libertarian!
@@KevinThomas-ok2evRFK isn’t much better and he doesn’t understand science either so unfortunately, he’s not a true third candidate
@@KevinThomas-ok2ev Libertarians better vote for Biden or Trump will take their right to vote as he is a dictator wannabe.
Aha! Finally someone said it! After the Trump “tax cut,” I ended up _owing_ income taxes for the first time in my life.
I've been owing every year since 2017 or so! Where's my tax cuts?!
@@ryanbarclay7939 It's because you're not rich. If you were, djt would have cut your taxes too.
Me too!!! I’m a lower income worker who’s never not gotten a return….until Trump got into office 🤬
Me too.
I owed when trump was in the office
You're absolutely correct and should be on every news outlet!
They are being warned but will still vote for this man, insane
It is not insane. It is because people know Demo Rats party plainly let crimina flood the street
This should be a commercial on TV 5 times, each night on the 3 big stations.
If "reporters of the news" really had the ability to think without constriction, THIS should be on the news.
Thank you, Prof. Reich.
What are you talking about? This has been reported on extensively!
If you actually paid attention stead of falling back into the boring “media bad” narrative, you might know more.
Even the Wall Street Journal … which is very pro wealthy, and very conservative… reported on it. Local outlets reported on it, USA Today, The AP, Reuters, the Washing Paton Post, Business Insider, etc..
Your bad choice of media consumption is no one’s fault but your own, don’t claim no one is doing something just because you are too lazy to check.
What are you talking about? This has been reported on extensively
From the AP to Reuters, to Business Insider and even the Wall Street Journal.
You are just lazy, and fall back on the lazy "media: bad" narrative, because it is easy, and complaining is more fun than actually knowing things.
So, how about instead of lying about reporters not doing their job, you start paying attention? IF this is the first time you heard of this, YOU are the problem, nobody else.
Most mainstream media is occupied by pundits who shill out what advertisers and corporations paying their salary want them to say. Shiny teeth & pretty hair models are not making sure you understand all the facts.
Start asking yourself when you see & hear a broadcast "What is the reason this is important to say right now?" "Where is the info i need to understand X problem and what are my representations, not some wealthy buisnesses, solutions for X?" Notice how little a 24/7 newscycle, across hundreds of news outlets, with millions of viewers, is engaging the public in asking what Americans want to do about X perpetual problems, these businesses make monies convoluting & contriving.
Write your congressmen, demand action in congress (or fired) regarding what we need to vote on, advocate ideas & changes worth voting on collectively.
Not dualistic colors of absolutism.
Trump is what George Orwell warned us about
He "meaning Trump" used the EXACT words of the title of the book "Enemy of the People" 😮
Orwell warned about the US military industrial complex shaping a new world order. Big brother arrived post ww2 and we have been living in it ever since.
I would argue Orwell was referring to the racist military industrial complex
Have you noticed that every plan they have is aimed at one thing. Making the insanely rich corporations richer and everyone else poorer.
George Carlin, Frank Zappa, John Trudell, Russel Means, Henry A Wallace, ect.
Casinos: The house always wins.
Trump: Challenge accepted. I can bankrupt that.
The only casino owner who is also a loser - the 'biggest loser in the history of America'.....as Dumbo Don might put it
You’re forgetting the brothel/casino in Nevada that was seized by the IRS over back taxes. Running it as a government operation, it folded completely and went bankrupt.
“We’re from the government, and we’re here to help.” The nine most terrifying words in the English language, just as Reagan warned us.
😅😊👍
Lets update that to his social media platform that is going bankrupt as we speak
Nah Biden is doing a fine job and beating everyone to bankrupting the house. Largest increase in deficit under Biden in americas history people. Oh and higher prices on everything, chaos in the world. Any democrats face when you list facts 👉🤬
My corporation which I bootstrapped from $0 to $80M worth has never seen the growth we experience today. The Trump years were hard years with constant uncertainty and faulty economic moves. Economically I could never vote Republican, they play for the ultra rich and care less for any class below that. The democrats bring stability and common sense for all
You just proved, Democrats benefit big corporate money!😂😂😂😂😂
Specifically, what business related policies under Trump, and business related policies or laws under Biden. Otherwise, just pablum, ho hum.
You're lying. The economy during Trump was never better. If you saw growth during dumbojo it was because all the previous business came flooding back AFTER the demorat shutdowns.
I disagree. The rich are getting richer and the middle class is paying for it aka bidenomics inflation.
I 100% agree. If he wins, im taking all of my stocks out. I wont let him destroy my life's savings.
Why didn't you mention the most important part? TFG says he will put a 15% tariff on imported goods. If people don't like high prices now, they'll hate it then. Spread this everywhere.
Most important is subjective
You mean like the 100% tariff Joe put on EV's?
@@williamanderson4029
We have to buy the overpriced crap, not the affordable crap!
After all, the rich want ALL the money.
@@williamanderson4029 No not like that at all. Biden's tariff is targeted at the competition from Chinese EVs only, as a way of benefiting American car companies while they transition to EV technology. While one can argue about that strategy, it won't affect the economy in general. Unlike Mango Mussolini's general tariff which wil give us hyper inflation and trash what is currently the best economy in the post-Covid world.
@@dustinstoker I meant most important as an election issue. "It's the economy stupid", remember? In actual fact, the preservation of democracy is the most important issue. Most voters don't realize that.
He raised my taxes. He was ONE vote away from taking my healthcare.
Now he wants to raise prices on most goods by 10%.
Not on my watch! Donate, canvass, phone bank, call your representatives until they're sick of hearing your voice.
We cannot allow this man to ever be anywhere near the White House again!
Trump cut taxes not raised them
The exact opposite is true
Well, Joe Biden already inflated our currency by 20% in just 3 years. If everything is Putin's fault, Trump's fault, or the pandemic, begs the question, who's in charge? Go ahead, cry about what didn't happen, what you speculate might happen, but our money is worth significantly less and if Joe Biden's leadership isn't sufficient to bring about prosperity, then what is his leadership worth? "Pay your fair share" said the man whose own son is getting away with not paying his fair share. "A little bit of breathing room" is all we get, but billions we don't have spent on proxy wars, which Biden has yet to solve or quell, is acceptable to you? Remind me how many million barrels of oil from our SPR was sold to China? Remind me how many billions we have given to Iran, a known supporter of terrorism, because people like you think money is not fungible? Reminder, it was Trump who championed the Abraham Accord, literally brokering peace in the Middle East, which was promptly sidelined when Joe took office, and now we have another war in Israel, costing us billions we don't have. Tell me again how Biden should be given another term and why we cannot allow Trump anywhere near the WH again.
It's way worse than it seems: As the wealth of the rich expands, the value of the money diminishes, thus making everyone else poorer.
You can thank this current admin for that by allowing 80% of total dollars printed within the last 4 years.
@@Silver-jv1usThat's not it. Stop trusting the Trumps.
You need to be more critical, gather some facts. Understand the bias of where you are getting your info, read some fact checks.
That's called the fixed pie fallacy.
@@Silver-jv1us : Factitious pablum from Untruth Social obviously.
End this nightmare! VOTE BLUE!!! 💙💙💙
Hahaha... yeah yeah.... because life is amazing currently right?!?! 4 years of Dems running the show... what is the excuse?!
@@nadominhocaCovid
End the two party system
Remember, blue is the nightmare! LOL Lefties don't even know that a democrat is in the white house!!!!
You really think that the 2 party system can fix this? We're pretty much fucked at this point. Harris just wants to take more rights, Trump just wants to be a dictator.
I opened up a high yield savings account back in 2017 and interest rate was 3.25 by the time Trump ended his term it had gone down to .5%. Now that Biden is in office it’s up to 4.44%.
Yeah? And what happened during that time between then and now? Oh I don’t know stock market volatility, trade war that Trump lost by the way, government shut downs oh by the way he saw the longest government shut down in history because he was strong arming Congress to get money for his wall that did nothing to stop illegal immigration, then of course there was a pandemic that he tried to ignore and when it hit the country he didn’t know what to do and was desperate to keep the economy open because he knew that was all he had, oh and then there was the shaky and anemic response to that failure, then there was a stimulus checks… So basically what I’m getting at is that Biden? It’s not his fault that you’re “high-yield savings account“ is not where it was, Bonnie.
Biden had to clean up the mess of yet another failed Republican president. And I’m going to illustrate a little history to you. Republicans are terrible for your savings account. Don’t believe me? Ask people who experienced the crash of 2008. Oh and this is the part that’s going to hurt you the most but I’m here to help: if Trump gets back in office? He will put us on a path to get another financial meltdown. Where will your savings be then I wonder?
And what? These kinds of thought processes are very short sighted and don’t tell the whole picture.
Since higher rates means increased borrowing costs, slower economic growth, higher mortgage payments, strain on small and medium sized businesses, lower consumer spending and confidence, plus many more. You making that in saving doesn’t really make a difference when it’s being passed on by the costs of everything else.
Low rates also has its cons, however rates only went so low due to the world being halted by Covid, in order to stimulate the economy.
This interplay helps manage economic stability, although it’s not always timed well or effective in the short term.
The only bank account 45 is interested in is his own. Winning this election would give him unlimited power to grift.
Facts
That's why he ran for president..pocket his businesses
So why did he insist on loosing money by running for president on multiple occasions.
Unlike Biden he doesn't need to be in government to make a fortune 😂😂
1 Timothy 6:10 - For the love of money is the root of all kinds of evil.
Even go so far as to become The Biblical Antichrist, as God and Jesus warned up about.
And yet Trump’s fortune dwindled significantly during his time in office, while Biden and Obama (not to mention the Clinton’s) became multi-millionaires, all on their meager government salaries.
“Show me a man who gets rich by being a politician, and I’ll show you a crook.”
Harry S. Truman
Robert is correct , just look at his record not what he says.
Yea, core inflation was around 3%, and Gas was hovering at two dollars a gallon depending upon what part of the country you lived in back in January of 2021... Barry was right; Brandon managed to Fuck this one all to hell...
Look at both. There's nothing to be ashamed of.
Robert is a propagandist
@@StillPlaysWithModelTrains1956 People saved money during covid, because there was less to use it on, so increased spending rises inflation. Russia invaded Ukraine. That increased prices for oil and energy in general. Inflation in the rest of the world is higher, which means that what you buy there is more expensive.
Of course, during the current president there are more people employed. That as well increases inflation. The same does the fact that the price for life crucial medicine has gone down (though in a small sense) and the fact that many have had wage increases.
@@fredrikfjeld1575 Biden let Russia invade Ukraine.
Trump walking off of his airlines, waving at no one
😂😂😂😂
Mr. Reich, please continue to fight the good fight for my grandson and his generation. As for me, I am going to take my Social Security and meager savings to a country with better health care and an affordable way of life. Keep spreading your message.
but the politically illiterate or intellectually lazy voter won'tj hear this message....are they just willfully ignorant?
More like spitefully ignorant, but yes.
let them be. Caring about those people won't really make a different. Better we focus on spreading this video and protect the democracy.
Yes
Yes
@@alvinbuana5905 No, you Challenge them. You don't make it easy on them.
Why is no one talking about the economic hazards of proposed migrant deportations? The effect of inflation in areas such as construction and housing, agriculture and meat packing, will be devastating! Not to mention labor shortages in general.
Because racism is paramount to all of the white boys and girls, which Trump exploits. Same age old BS as to blaming some perceived "enemy" for a nation's problems. And as to those same white boys and girls, I don't hear from any one of them about how migrants took their crop picking jobs.
Slave labor isn't cool
You mean when he plans to tear people out of homes and their cars in front of their screaming (then traumatized) kids that were born here? Virtually leaving them with no parents and going into foster care? And doing that on a massive scale with millions of people? Yeah, who will then work in agricultural fields, restaurant kitchens, construction, etc etc. It's scapegoating in its most brutal form. The rich are way too rich and they make you focus on the poor immigrants.
Wow and the burden of 30 million illegal immigrants getting free handouts while real Americans get slapped in the face
How ignorant can you possibly be.
Your rose colored glasses of oppression are clouding reality and truth
Grow a pair
Nobody wants to mention how migrants suppress wages
Praying he goes to jail!
His trumptards will still be around.
🤞 👊 🤞 👊 🤞
Fascist aren't you😅
FJB!
One last try to get this to post. They will still give tax cuts to the rich and the only thing that will stop them is to VERO.
We got to get rid of Dump once and for all. I am walking a financial tight rope now. High electricity bills and paying off car repair bill.
Thank Biden/Harris for that.
@@patmischel6883 obamy campaigned on tripling the cost of electricity and $5 gasoline. biden is controlled by obamy and the globalists. Everything is so expensive because of the demorats shutting down the entire country. Trumps inflation rate was 1.5% and biden and harris have been in charge for almost 4 years. How are all your problems Trump's fault?
From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.
We share common goal, making sure you are ready for your later years is very important. I'd suggest you consider financial advisory.
I agree. A financial advisor can really help you re-adjust and identify blindspots that you yourself do not notice, like mine did in advising me during COVID on how the pandemic will shape things, and I made it out big and still make up to at least 20k in dividend per month.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
Amber Kay Wright is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.
With the way Covid was handled, he already killed my savings!
You mean the lockdowns?
@@MPMelo11 Probably the million dead people
Poor spending habits I actually had money during the lockdowns. Now under sleepy Joe I can barely keep $100.
@@MPMelo11 pretty sure they mean DJT and Republicans stoking willfully ignorant maniacs to go out and spread COVID instead of handling it seriously at the beginning. GOP tin foil hatters were literally coughing on food at groceries stores because Trump and FOXNews kept telling people it was a hoax
@@grimsonforce7504 Sleepy Joe seems like a weird insult because i've yet to see Biden fall asleep publicly but Trump nods off in court almost every day
When I was an English teacher in the Mesa Public Schools district in Mesa, Arizona, I applied for the federal loan forgiveness program. One stipulation was that applicants had to have taught two or three years in Title 1 schools. No, problem, I thought. I'd taught 11 years in Title 1 schools. When my application was rejected, I was depressed. My husband's cousin taught Math and he had his loan forgiven, but not me. Then I heard that only Math and Special Ed. teachers received the loan forgiveness. Later I heard that 93% of teacher loan forgiveness applicants did not get their loans forgiven. What gives, and where did the money appropriated for that program end up? Probably in some congressmen's or school administrators' pockets. Thank you, Robert Reich, for making Americans aware of these problems.
I worked 6 and 7 day weeks for years to pay off my student debt. I didn't twist anyone's arm to take out a student loan, and I don't want to pay for it. I figured out for myself that my aspirations of being an archaeologist were unrealistic, because the cost of my education wouldn't be rewarded by a higher income. If I could make that decision at age 18, why can't these young adults do it today?
@edwardstevens6787 Then what about the massive aid to Ukraine and Israel? Are those more important than the lives of the citizens who chose to get education? Education should be a right in a country like America. I have had to defer my doctoral program due to fear of incurring debt. It shouldn’t be! If the country could squander billions in Afghanistan why can’t education receive better funding and be made affordable?
@@edwardstevens6787 It's not about the degree; it's about the costs.
I know someone who just had his debts forgiven. He studied geology, and got a job working for his state's EPA. He makes $15/hr. He's 62--now he can look forward to retirement. He's been paying the min for years--while he raised a family.
My son in law just graduated with a degree in emergency management. He's got more FEMA certifications than most. He did an unpaid internship. While there are more disasters and emergencies than ever--he can't get a job in his field. He's working as a school security officer--because those loans come due the day you turn the tassel. It's compound interest, and you can't get rid of them with bankruptcy.
Lots of people criticize those who carried debt, but no one has a solution that works for today.
"The average cost of attendance for a student living on campus at an in-state public 4-year institution is $27,146 per year or $108,584 over 4 years."
Most young people won't be able to pay off 100k in debt in ten years--not even working 7 days a week. This is why most young people realize they won't ever own a home. It's why so many aren't having kids or getting married. With compound interest, these debts often grow faster than they pay them down.
Why is it okay to allow our younger generations to struggle financially? Deny them debt relief, and we'll STILL be paying for them--just not for their success. We'll be paying for their failures: SNAP benefits, Section 8 housing, Welfare, WIC, Medicaid, and even incarceration. Give 'em a hand up, and we won't be stepping over them sleeping on the sidewalks,
@@edwardstevens6787 not everything is cut and dry. People at 18 may be getting educated for jobs that are expected to make higher income but for whatever reason don't. Its also worth noting that the cost of college has skyrocketed. I'm guessing the average cost when you went was much more within reach as compared to a young adult today.
@@edwardstevens6787 not sure where you are politically but one thing to also consider. When trump's various businesses went bankrupt who ended up with that bill? We allow billionaire business men to fail multiple times and continue unscathed but if you take out a student loan... Only option is off the grid finances or death. We allow "entrepreneurs" like trump to take risks on the hopes of making it/becoming profitable but lord help a student take a risk to get educated and the job, or as high of an income as expected isnt there.
Tax cut is for his benefits
And the people putting money in his pockets.
Lowest unemployment in 50 years
For all of our benefit
We all benefit
2 weeks before that tax cut was put in (tax cut act of 2017), there was a special provision put in for partnership companies that allowed then DJT to claim those tax cuts for his businesses. And the guy who put that special provision in was none other than Steven Mnuchin.
The Affordable Care Act Saved My MAGA Dad! Apparently, he couldn't pull himself up by his bootstraps
Obamacare is garbage
Number one way government made money without income tax was trade tariffs on goods, however,this requires home country to make goods within.
What about the deductions we used to be able to take, like deducting our tax preparation fees?
Here's the right way to cut taxes:
Remove taxes from:
- [ ] Social security income
- [ ] Unemployment income
- [ ] Tips
- [ ] credit card interest
- [ ] Car loan payments
- [ ] Student debt interest payments
- [ ] Groceries!
All of these things used to not be taxed, but then suddenly were taxed in the reagan administration to pay for their "trickle down" tax cuts for the rich.
@@Tatefootball83 exactly. And my property taxes go up every year. They know there’s not much we can do about it.
@@spir5102 that's a state thing. More charter and religious schools are now supported by our tax dollars and don't have to allow kids with special needs.
It's really all Republican politicians, not just Trump. The party consistently doubles down on all policies that hurt the economy and quality of life.
Which policies?
Absolutely
Can you do a video on Bidenomics so we can compare it point by point with Trumponomics? Is Biden better for middle class tax payers? And what about saving social security and medicare? Combatting rising medical costs? A point to be made would be that MAGA followers are voting against their self interest.
False.
The exact opposite is true.
Biden gave trillions to the largest corporations in America
Trumps economy was much better
Maga voters were alive during the trump economy and it was a lot better then Biden's economy
Boycott the crap out of these rich companies , dump debt , cancel contracts , don’t buy new vehicles , don’t give these fools a dime .
Thank you for pointing out the truths people seem to be forgetting.
The Art of the Raw Deal
That must be why America was doing so good during his presidency
Can't wait for the sequel: "The Art Of The Raw Dog Deal."
I heard that there's a special edition coming out:The Art of the Raw Deal:Bigly Edition
Thank you,sir! Everyone needs to hear this!
Its lies
*☀️Daily reminder☀️*
*🔸️Updated🔸️*
Concerning action that you, the US citizens, can take against judge Cannon.
Not only her, but also justices Alito and Thomas:
Glenn Kirschner, in a recent video on his channel titled
*"Judge Aileen Cannon's Bias Is Showing,"*
explains step-by-step how every concerned and angry American can file a judicial misconduct complaint form with the 11th Circuit Court of Appeals to insist that Cannon be removed from the case and a fair, impartial, and independent judge be assigned trump's federal case in Florida.
*Update:*
In a more recent video (towards the end of it) on Brian Tyler's channel titled
*"Prosecutor takes on Supreme Court amid new scandal,"*
Mr. Kirschner urges everyone to also file misconduct complaints (on the same website where you file againstCannon) against justices Alito and Thomas. One form per person.
What do you have to lose, good people;
*help make justice matter!!*
As a World citizen, I wish I could file these complaints myself, since it is in the interest of the entire planet that USA, being the world's most influential country, is as wholesome as possible in every aspect. To that end it is imperative that they hold trump (preferably also his co-conspirators & enablers) accountable and make an example of him.
The very least I can do (being a foreigner) is to pass on the information about this recourse which Mr. Kirschner presents you Americans with.
This (spreading the word) is something _everyone_ can do, and I encourage you all to get the word out here on youtube as well as to family, friends, relatives, and acquaintances.
*Good luck, folks, and thank you!*
🇳🇴 ♥️ 🇺🇸
Some may have seen this message posted by another account.
Both accounts are mine.
TH-cam banned all comments from this, my original account a while ago, forcing me to use the other one.
It seems the issue was youtube deciding that my old name "camelshit" is too improper. Cameldung, on the other hand, being acceptable🤔.
Be that as it may, my name remains a tribute to the wonderful David Bowie. The specific song it refers to is his exquisite "It's No Game (Part 2)".
THANK YOU for this actionable info! Most media are EPICALLY failing to call Americans to act. Voting is NOT enough to maintain, defend, and keep Democracy. DEMOCRACY ISN'T A SPECTATOR SPORT! Sane/decent/unbrainwashed Americans have 160 days left to rise to the challenge before Trump forces rise to deprive us of the ability to do so.
@@camelsheit_on_the_walls446 You just commented though. Lot's of people are posting this too, or telling about Glenn's video giving instructions. The more who do it the better.
@wellhellothere6347
It was a hassle to get youtube to quit hiding/deleting my main messages here, though.
I don't know how many times I rephrased, changed some words, added some words...
I still now and then need to change some detail or other, as it seems youtube will deem that something is spam if posted several times.
And yes, the more people who tell about Glenn's video, the better!
You are SO right..they actually don’t care.
Robert, you are one of my great heroes. Keep up the great work.
❤ Robert Reich ! Thank you Mr. Reich !!
Rich people can't exist without poor people. No wonder why there's not one movie with the premise of "rich guy wakes up in a dead world, and slowly goes insane while discovering the harsh truth beyond his golden-veiled comprehension". Kinda like "I am a Legend", but with Bill Gates waking in a Mad Max world, but a billion times worse.
Very profound! The rich cannot exist without the poor. Therefore, to create more Gigarich we must produce a lot more Poor, a lot more than a lot. And we seem to be very successful at that...
@@velisvideos6208
Exactly.
Markets aren't static or totally finite things, but generally? A gain somewhere usually means a loss somewhere else.
... Unmoderated capitalism consolidates wealth into fewer and fewer hands over time.
Money = power coupons.
Capitalism, unless heavily regulated, becomes neo-feudalism.
...Like the USA in the late 1800's?
Life in many "company towns" was more or less debt serfdom.
So write the book and do the screenplay. If it’s successful, then you too can be one of the rich and show everyone how it’s done.
I heard a study one time---- For every 1 billion a person earns 100,000 people have to go into poverty.
There was a book, a long time ago, 30-40 years ago, called Stark.
The rich knew that the earth was being destroyed by their practices but to fix it they would lose some profits.😯
So they secretly built a moon base and some rockets to get themselves ( plus one, not necessarily the wife ) there.
The world died, but the rich didn't have anyone else to do the work. The final scene was the main rich character opening the airlock to have a walk outside...
Love Robert and all he's doing on this platform. Thank you, Robert!
He's a propagandist
He's a liar
He lies
I don’t follow Reich often. Has he discussed Trump in his ultimate wisdom wanting to have more authority of the FDIC? A guy with multiple bankruptcies deciding monetary policy? What could possibly go wrong?
So they're capping credit card late fees at $8, but if I'm late to pay a $50 toll bill in NY, it's a $70 late fee.
That's a fact
Bobby, are you enjoying the record high gasoline and grocery prices?
Where do you think the oil companies are going to get the BILLION that Trump "suggested" they donate? From you, the driver, the user of delivery services, the recipient of transport of goods for basic living.
Trump's failing policies and TARRIFS drove prices up.
The average Billionaire, the few that actually pay federal income tax are at 8 per cent! Do you not wish you only paid 8 per cent?
Where did you get that figure?
@@player627 I believe it was on one of his videos.
@@stephencurry8552 then it must be the truth.
@@stephencurry8552 I did the research myself. The 8.2% came from a report published by Biden’s White House which included unrealized gains as income, which has never been deemed “income”. But go ahead and spread the lie if it fits your narrative.
@@player627 I read the FT, the NYT, WaPo, the LAT and the WSJ daily. What do you read sport? Do you pay for any subscription to either financial or economic information? I wager you do not. Hey, how about we meet face to face and you try to mouth off to ne in person...
Robert, someone from across the Atlantic pond here. I really like how you show in plain English what would happen.
Just one thing that really bothers me is that all that Trumpism, it's like a sect... You can't reason with them, they won't even take the opportunity to look at issues from multiple views and even worse they defend it without even questioning what truly has been said and what it really means for their personal situation. To teach the people to see things objectively, then to listen to someone who just says the right words, just to get back into office and let history repeat itself... Something around '39...
The better word is "CULT." However, with the moods and prejudices of so many right-wingers being allowed to surface, Trump can - and will be - replaced, but fools like "Speaker" Johnson are in the wings, ready to go. Just look at the sycophants that lined up outside the recent trial to kiss his, uh, boots, and hope for a blessing.
this past 4 years, my cost of living has never been worse. hard to call out the other party when your own party hs presided over the worse inflation in half century!
i've said this to a couple of other people, but the reason that inflation is so bad is because biden has been acting pretty fiscally conservative by doing things like not going after some of the major culprits of inflation, that being corporations who have been artificially raising the prices of things. Considering who trump is, the inflation will be the same or worse.
High inflation was caused by:
1. Tarriffs from Trump.
2. Supply chain disruption.
3. Corporate greed selling everything at a higher price.
4. Corporate consolidation leading to no competition and higher prices. Biden has inflation fallen by 60% and core inflation is at its lowest level in two years.
Yes, but the excessively brand identified can't see behind the label, which hides these issues.
Will never shut up about normalizing worker owned co-ops and mobilizing unions. Democratize the whole system.
Great again and sooo true. And I don't understand why something that is called an 'entitlement', can be up for debate. You paid for it, you're entitled to it. You did not pay all those years to help the government fix their budgetary mistakes! And calling it a budgetary mistake is mild! Especially not when the debt got increased, benefitting the only group that doesn't need any tax cuts. From The Netherlands to the US ... Paint the legislative and executive branch totally blue 💙 and work on changing the judicial branch as they are the joke of the world (next to the Republicans in the House). How can judges and justices rule in such partizan ways? A judge should be above any political party and not serve one ...
I agree with you! Social Security in the USA is paid for by all of the workers during their lifetime! It is not an "Entitlement"
"Obama Care" is not a disaster. I just hope people realize this before they jump on the trump train to neverland!
Lol yes it is unless you are very poor.
Obamacare was a disaster for me !
Before Obamacare, I was uninsurable.
@@CHixon I have been turned down anyway. I have gone through four doctors and lost my great plan. Its not offered it cost too much. Now i have the best thats offered. Cost more snd covers way less. Thank you obama.
Well done 😎
Trillions in revenue, trillions in spending and miltiple trillions of debt; How's that working out for the Poor and Working Class?
In Obama's first year in office, my mother-in-law proclaimed "he's spending us into oblivion - look at national debt!" I responded, "you weren't upset at the first $9 trillion run up under Republicans. Why does the tenth trillion concern you when we're in the midst of the worst crisis since the Great Depression?" She had no answer...and yes, she watched only Fox News!
@@kjquinn7856I am not Red or Blue; they mirror each other in a quest for treasure and power; big gov and big corp are best friends.
I want to cut spending AND increase revenue... the RIGHT way.
Why is it that the Two-Party System screams about spending and the debt but they don't want to stop the ***billions we give in oil subsidies?***
Why don't they say anything about ***Medicare Advantage companies STEALING from Medicare*** by double or triple-billing to the tune of BILLIONS of dollars?
They throw money at the DOD with zero oversight. Read about the time we ***paid $52,000 each for TRASH CANS.*** For half of the country, that's more than you make in an entire year! For ONE trash can!
We pay ***$777 billion each year to health insurance companies. And they RAISE PRICES AND DENY US COVERAGE ANYWAY!***
Republicans blame Democrats for "spending too much" but they don't want to ACTUALLY reduce spending on ACTUAL wasteful spending on giant corporations... just working people.
Democrats don't ever seem to want to cut spending, because they're ALSO in the pockets of giant corporations.
Neither side really wants to ACTUALLY tax the rich, which even 60% OF REPUBLICANS want.
We CAN cut spending.... and we can raise revenue... and we can do it without hurting working people.
But we HAVE TO STOP LISTENING TO THE LIES OF THE TWO PARTY SYSTEM! They are both BOUGHT by corporations.
Why the non-sequitur? You can (and depressingly many do) build a terrible nation with far less than "trillions" in any of those categories, and you can likewise build a good nation despite them. It's not about how much you've got, it's about how you use it.
Reagan's choice for how to use it was taking as much as possible from the middle class and giving it to the already-wealthy, and nobody with enough power to do so has bothered to choose differently in the four decades since.
@@altrag Your saying the Aztecs and Incas built huge empires with well paid Union Labor???
Reduce both power and treasure and you will see lobbyists leave dc and the career politicians, who are back in power, begin to retire.
For a guy that says he's against the deep state, he really likes their policies
You forgot the cost of larger families because of all the forced births.
And, now they want to ban birth control!!!
With no health care, we'll go back to needing lots of kids to ensure one or two survive to adulthood 🙄🤦🤬🤬🤬
Where do you get these false narratives
This is not reality
Does your family have a history of inbreeding . Do you even realize how ignorant your post is? Who has been forced to have a baby, show me just one example of a women being forced by our government to have a baby please
Just one
good work on informing us!
Too bad the information is not true
Last time I checked progressives' idea that SS should be means tested amounts to cutting a benefit I've paid into as well. What's the difference exactly?
Where are you getting this information?
@@theQuestion626 Jon Stewart talks about it on a regular basis. I believe Robert has as well.
!00% spot on!!
All I have to do is look at the graph of my IRA to see that Democrats are best for the economy. The only real threat to Social Security is the republican party. When the laws require that rich people pay their fair share America will be in a much better place. Also speaking of Romney care, there have been many promises of "cheaper and better" yet I have seen no real plan.
Health insurance premiums are already going up double digits. Last year we were at $2,053 per month. This year it went to $2,422. That's 18% increase in 1 yr. I'm not sure it will matter who is in office.
@user-sr8lf5um8p You are correct in the sense that the president can only do so much. That's why it's so important to vote the entire ballot and pay attention to all political races, not just POTUS. Also, remember that your local and state politicians are your "farm team." They are the ones most likely to advance to running for the "majors" (Congress and POTUS), so pay attention to and VOTE in your local/state elections.
Odd because here in California, my health insurance premiums went down. I know some friends who had theirs go up, but by 4%, not 20%. What state are you in?
@@VulcanLogic WA
@@user-sr8lf5um8p Yeah it looks like you're right, they were higher in Washington. Not sure why there's such a disparity. Might be threat of single-payer we keep brining up but never do.
Yep, corporate Dems are only slightly better on healthcare than Republicans. Very few politicians are interested in controlling healthcare costs. They are good at coming up with excuses why the system "can't" be made better.
Bidenomics has already destroyed my bank account
@@richardthorp5700 Mind telling us how wrecking your bank account is tied to Bidenomics? Or are you talking about prices and inflation which is global in nature? And monopolies in the food sector keeping up prices fot their bottom line and not reducing prices for Americans to give them a break. Capitalism gone too far ... Company revenue being more important than the wellbeing of US citizens ...
You can believe inflation is global if you like but since this man has been president his policies have driven the price of everything in this country up
I cannot afford 4 more years of double digit inflation. My big social security raise was just over 3%..
Jokes on you, my bank account is already a wreck.
I’ve got an even bigger joke: it’s not gonna get better with Republicans.
All low and midrange taxpayers are in for a surprise when the Trump tax cuts expire in 2025.
And 100% guaranteed Sean Hannity will say Biden "raised" taxes instead of telling the truth.
And millions with the attention spans of goldfish will believe him.
And Sean Hannity will leave out the part that everyone paying attention knew it would happen.
He'll tell everyone that Biden "raised" taxes, and millions of people with short attention spans will believe him.
Sure, but they'll just blame Biden for it. Or at least try to. That schedule was planned with the expectation that Trump would serve two terms and then there would be a flip, as that's by far the most common scenario when it comes to presidential elections in the US. Ideally (by their reckoning), they could ride out the wave of "low taxes" and have the spike hit just long enough after a Democrat takes office that they could "plausibly" lie about why there's a sudden tax increase.
Trump's failure in 2020 kind of screwed that plan up. It'd still work if Biden retains the presidency (might even work better as there's a larger time frame to lie about) but if Trump wins they're going to have that much harder of a time. They'll still try to blame Biden of course, but the timing they chose for the purposes of a "plausible" lie goes both ways - Trump will have been in office long enough that the lie will be harder to push.
Of course Trump's got a saving grace on that front - he's likely to make everything else so terrible that a tax increase is the least of peoples' problems.
Vote for Trump and keep those tax cuts for everyday Americans!
@@helendropinski3754 > keep those tax cuts for everyday Americans!
I'm not sure if this is sarcasm or if you're an actual Trumpist, but either way I've got a question: Why would he keep those tax cuts?
He isn't allowed to have a third term, so if he does get reelected there's only two options:
1) He leaves office when his term expires. He's not running for reelection so why would he care about your vote? There's enough sycophants on Fox and at his rallies to keep his ego boosted so what's in it for him? And it's not like he's ever shown any proclivity at all for doing things that aren't purely for his own benefit.
2) He doesn't leave office when his term expires. In this case he's already destroyed any semblance of American democracy anyway so again, why would he care about your vote?
The only way this "works" is if he can tie the extension to an even bigger tax cut for the rich than he gave them in 2017. Probably need at least another $3-4tn added to the deficit this time. Rich people gotta keep up with inflation too, you know!
5 facts you need to know about Trumponomics
0:12 1. Tax cuts for the rich
0:45 2. Cuts to Social Security and Medicare
1:19 3. More junk fees
2:08 4. Soaring healthcare costs
2:50 5. No student debt relief
I'll add a couple more, straight from Project 2025, section on changes to the IRS, in American Fascist double-speak. 1. A REGRESSIVE tax structure will be created in which persons living at, near or under the poverty line will pay the same rate as someone who makes much more, i.e., there will be only 5 or 10 % rates. 2. Social Security, which is fixed, will be taxed at the same rate as wages, even though MILLIONS of Social Security recipients live below the poverty line. 3. ALL tax credits, including the Child Tax Credit, will be eliminated. 4. And, if enough revenue is not able to be generated with this tax structure, a 10% Federal sales tax may be implemented. Remembering that both the vast majority of wage earners and most Social Security recipients live paycheck to paycheck, does that libertarian-inspired policy seem like an intelligent way to increase spending to stimulate the economy? Tax to death the millions of people who can least afford it to the point that they cannot buy anything except absolute necessities? IMO this smacks of conservative voodoo economics created by wealthy people for the benefit of equally wealthy people.
Thank you for the information Robert
I'm happy that RR is out there speaking truth to power 🙏🏼
Two amazing very similar economic curves: Record Government debt and record Corporation Profits.
We currently have the worst Consumer Debt ever.
All the people will cry out at the Great Worldwide Re-Set on 09/23/26, "No more war. Forgive our debts. Save us from Omega. We will do Anything!" That's when THEY unveil the NEON GAUD -- their Light Bearer -- the abomination of desolation. God as machine. Men and women will never lie, cheat, steal, or murder again -- so help us GAUD. You Will Be Happy.
Resistance is fatal.
Reich doesn't even know what that meaans
3% inflation, 3.4% unemployment and $2 per gallon gas, we certainly can't allow that in America anymore
if Trump, economy will take a dump.
The Biden administration killed the economy . Literally open your eyes or go ask business owners and poor people alike if they're better off now? There is some serious delusional thinking going on with the democrats in this country right now
@coraltown1 so, if you're truly better off, and you believe our country is, now than 4 years ago, then vote for Biden.
@@coraltown1 Rhymes aren't going to cut it.
@@bruceellenburg429It is; and we will! And you; mind your own countries bussiness! We Americans will ours!
A lot of small business have failed in the past 3 years, not sure that Trump is any worse.
Shame this video will only be watched by people who already understand all this. His supporters would never even watch this.
And if they did, they wouldn't believe it. They only believe what they see on Fox or the like.
I support Trump. His tax cut for the "rich" raised the standard deduction to $25,000 for EVERYONE. That means about $10,000 additional of your income was excluded from taxation. That probably put $2000 in your pocket, EACH YEAR, and will, until the cuts are allowed to expire.
This video is lies
Its lies
Its misinformation
I still think we need to focus on controlling the tuition PRICE. Not forgiving the debt already made.
I think we should do what Ecuador did, establish an entire public university system FREE at point of use, comes out of taxes. They still allow private schools to exist, but they don't receive government funding. They were able to greatly improve their education system, and are really producing some excellentvwchikars
@@ryanbarclay7939 private school getting zero funding sounds perfect to me
I love how the video shows Trump chasing after the piggy bank, we all know he ain't doing any running 😂😂
Y’all need to quit!! Trump is not gonna do that. We’re living in the most expensive time right now. You are so desperate to flip the poll numbers but we’re not believing your lies anymore. TRUMP 2024 🇺🇸
I believe this video is true because Trump sure talks about $10 billion dollars a lot. He says it at all of his rallies. He does focus on making the rich richer. And the poor, well they can just do the best they can. It’s only fair for the rich to pay the same taxes that we do. But not under Trump!! If Trump goes back into office there’s going to be a lot of tears!!
I Truly Hope Any Trump/GOP Supporters/Voters That Come Across This Upload Watch it (Not That Many of Them Probably Even Have Bank Accounts or if So Probably Not Much Money in Them)
This video is economically and factually untrue.
We need student debt and education expense reform not forgiveness. Forgiveness comes across as cheating those of us who didn’t get into that type of debt, even though we have plenty of other debts with no forgiveness insight.
PLEASE, for the love of all that is sane and rational Mr. Reich, make a video that talks about CA, its problems, and Gov. Newsom. As a resident of CA, I am fed up of the insane amount of criticism directed towards the state and Newsom, with *NOTHING CONSTRUCTIVE*, just shit-talking about anything and everything not red.
Excellent. So clear.
Bob I’m listening to you Great summation 🎉🎉🎉🎉
Let me tell you buddy i don't have anything left in my bank account thanks to joey there is nothing left FJB
lol you're probably decked out head to toe in MAGA merch and donated thousands to Trump's legal defense funds but can't understand why you have no money
Oh please give me details
@@blessingliberty-lr3nt I am on 73 on SS people like me the gas prices have basically home bound me food is so high meat now is a luxury my house payment keeps going up going out to eat is a thing of the past when trump was in office I could go out and eat once a week I just pray my car doesn't break down because I have had cancer 4 times I am a Vietnam veteran and have to get to the V A hospital do I really need to go on Biden is the worst I have seen in my life time anyone who votes for him needs to seek help he has distroyed america as I knew it especially with the open border FJB
@@blessingliberty-lr3nt with high inflation I have no bank account the amount of money joey is giving away is ridiculous I am a 73 year old Vietnam veteran on SS barley getting by especially with the open border it will only get worse FJB
@jamesheath5825 this video is made by a paid propaganda shill yet so many of commenters are absolutely clueless that they are being blatantly lied to.
My taxes definitely went up after the T-Rump tax cuts.
Well, 20% inflation of our currency in just 3 years is a shadow tax on all of us.
Is your home and car insurance more or less in the last 3 years?
Are building and mechanic labor and those material costs more or less in the last 3 years?
Are fuel and energy costs more or less in the last 3 years?
22oz cans of Arizona and Peace tea have been 99¢ for the last 20 years. Now they're at least 50% more. Is that a consequence of tax cuts, or poor economic leadership?
Name one fast food restaurant that still has anything on its dollar menu that's only $1.
That all started with Reagan
Republican policies heavily favoring the rich go back at least to the 1920s ... and led to the Great Depression.
@@brothertaro2008 it worked so well the economy overheated.
I think it started with Nixon
Thank you Mr. Reich!
Social Security is self funded - it has zero impact on the federal budget, or at least it did until the Republicans started raiding the social security trust fund for their pet projects. It was supposed to be a loan, backed by bonds, but of course was never paid back. They stole roughly $2 trillion dollars from it. Inflation and the cost of food, etc...is a result of big corporations inflating prices, charging more for essentials, leaving consumers forced to pay whatever they charge. The president (no matter which one) cannot change this, for good or bad. If you think Trump will reduce the cost of food, not going to happen. This is all incredibly frightening, there does not appear to be an end in sight to any of it. Hopefully, someone who can actually does something before it's too late.
Has anyone else noticed credit card interest rates! when I was a young boy they called these rates loan sharking rates 20 and 25% !!! Now its considered to be normal, I dont think they care about us at all anymore.
You're correct, they don't care.
When the bill to cap credit card increases passed, there was a grace period in it. During that period, EVERY one of my credit card companies raised my interest rates in spite of perfect records, in one case, from 5% to 29.9%!
I had a credit card once, for a Short time. The credit card company was crooked. I think they all probably are. I pay cash only now. much easier, no surprises. And for those that say living without a credit card cannot be done, yes it can be done. I'm Doing it. While paying my land payments, putting up my solar system. I install my own.
No contractors. other ppl are living without credit cards too.
Amish do it as well.
And let's not forget how home loan rates went from about 3% and below (I got 2.75% in February 2021) to 6.5% and higher in the first two years of Biden.
@@Bobcat9 Lucky for you that Trump lost the election.
if Trump, economy will take a dump.
Um, 20% inflation in the last 3 years is a good indicator of poor economic leadership, only stupid, delusional people will think otherwise. Name one thing that was bad/wrong with the economy under Trump. Joe Biden repeatedly says that he "inherited" 9% inflation. That's false. Inflation was 1.4% in 2020/21. How's that "Inflation Reduction Act" working out for us? Was that Trump, or Democrats who championed that? Even Janet Yellen herself, in sworn testimony in congress said, "the IRA does little to lower inflation."
Go take a look at how much the national debt has increased in these Biden years, and take a look at the trillions in budget deficit championed by Democrats, then tell me whose leadership is responsible for the current dump economy we have now.
You forgot his plan for 10% tariffs on all imports. That will not only rise the price of imported goods, but also the price of products made in the USA, that have imported parts.
Right on. Who do you think pays those tariff increases. Certainly not the sending country, nor the receiving country, but YOU, the consumer.
Did you ever stop to contemplate and understand the far reaching effects of whatever the tariff rate is? Increasing tariffs on imports promotes growth domestically, which is necessary to sustain economic independence. How many things in your house say "made in China" versus "made in the USA" ?? Meanwhile, in just 3 years, Bidenomics has managed to inflate our currency 20%, which makes everything more expensive, not just imported goods. Worry less about what the tariff is and worry more about how much less our currency is worth because of runaway spending of money we don't have and perpetual budget deficits in the TRILLIONS.
@@Bobcat9 first inflation was all over the world, not specifically in the USA.
Second the inflation in the USA is already down to a sound 2%, that’s better than other peso countries. And lowering it further would harm the economy like in Japan.
Third only it’s stupid to want the low paying jobs back. I’m from the Netherlands, we used to build ships, until Japan took over, and after that Korea. We built now super luxurious yachts. It’s not about production, it’s about adding value.
Fourth: you’re not up to date, cheap labour production is already shifting away from China to South America. And that must please you, less economic immigrants.
Fifth: what about imported parts in the domestic production?
What about flowers?
@@jannetteberends8730 Joe Biden is in charge of the most traded currency in the world. And he inflated it 20% in 3 years. Fact.
The fact it is lousy elsewhere is not an excuse for poor performance from the most powerful office in the world. Democrats love to forget, they never mention that inflation is cumulative in their arguments.
Joe Biden did the opposite of lead. He capitulated to revenge politics.
Fact number 1: he abdicated leverage on global oil markets, cutting off our own cleaner, cheaper, closer supply with our friendly neighbors on the same fukking continent. He did so in favor of adversaries like Russia, Iran, BRECS and OPEC harvesting and refining and delivering and dispensing their dirtier, more expensive, and further away product
Reminder, it takes petroleum, to operate every train and truck, and the cost of that is compounded and multiplied every time the price of fuel to the end user, goes up, even when that end user is a bank of giant diesel
engines powering ocean tankers arriving in US ports.
A good leader would have navigated us to an increase in value, or at least hold steady. Everything in our nation is worth less, or costs more, and the cost of petroleum is inextricably linked to the value of our currency, any day, year over year. Ignoring that and blaming our economic performance on others, like Putin, or the pandemic, is a huge error in your logical conclusions.
Whose fault are all the outcomes/consequences of Trump’s years? They’re all his, right? Trump gets the blame for shiit he never did, never says, never meant, and certainly the things he did do.
Now Joe. Whose fault are all the outcomes/consequences of these Biden years?
Not his. It’s all Putin’s fault, Trump’s fault, the pandemic, Republicans, MAGA. Joe’s not to blame for a dang thing apparently.
Our money is NOT worth more, everything costs more, literally everything. Imagine, average of 1% inflation for 20 years. Then imagine the difference in leadership when that same 20% comes in only 3 years. Then go look up how much money we’ve bought from the printers, aka The Fed aka the money tree… that service isn’t free. It costs us money, and the more they print, the more everything loses value.
He had one job. Lead the way in exceptional, excellent world class leadership that paves the way for other nations to emulate. Instead, we’re a laughing stock, beset by homemade crisis after crisis.
According to you, inflation all over the world is to blame for Biden’s poor performance. Meanwhile, all we get is “a little breathing room” - sounds like a winning strategy to me, how bout you? Are you happy with that? How much do we pay in taxes, for “just a little bit of breathing room”
Reminder, brokering peace between Russia and Ukraine doesn’t have to cost hundreds of billions. Just the cost of hosting or attending a handful of decisive, productive, resolutions reached between leaders.
Joe Biden is the worst, and the proof is on TV every day. “Pay your fair share” said the man, repeatedly, whose own son plead guilty to not paying his fair share. Then his sweetheart, way above the law plea deal he got, collapsed because he got too greedy, wanted immunity from future crimes.
Now he pleads not guilty, and remains above the law every day he’s not prosecuted for EVADING the payment of his fair share, which coincides with millions in secret money, payable just because he’s a Biden.
Meanwhile, Joe seems to think the pandemic happened when he was VP. Repeated that statement a couple 3-4 times now. Never corrected himself. Just repeated it, like it’s somehow true.
Ask Joe what he was thinking when his son Beau was delivered home after dying on duty in Iraq.
Oh wait. Beau Biden died in a hospital in Maryland. He returned home on his one two feet, not dead, not in a casket.
Seriously, Joe has said 3 separate times, that Beau died in Iraq.
It’s not Joe’s fault the onset of his dementia coincides with his presidency. It’s YOUR fault for ignoring that flaw of his, and asking for 4 more years of this shiit show.
Both parties jacked up the national debt
Entitlements, money for doing nothing to contribute to social economics. Take, take take, we all lose!
Thank you and God bless
Even I didn't know Trump tried to cut social security and medicare - can we scream THAT from the mountaintop? Seems like a good campaign strategy
Reich is a multi millionaire who fought tooth and nail to keep low income housing out of his neighborhood. 😢 the worst form of hypocrisy.
Typical marxist...."All of you people...live over there" We...the leaders will live over here...in the "gated" community....and send out dictates....