Trump Would Take a Wrecking Ball to Our Economy | Robert Reich
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- čas přidán 24. 06. 2024
- Trump's latest economic plan would be "a wrecking ball to the economy." It's a massive tax cut for the rich, paid for by sticking you with a giant sales tax. I talked with Lawrence on MSNBC about what this would mean.
Thank God for Robert Reich, one of the sanest voices in American politics today, plain and simple.
I prefer to thank the education system and Mr. Reich's personal abilities to gain an education, learn public speaking, educate others. His critical and rational thought, supporting theories with evidence, and willingness to be a beneficial public servant.
Gods are too capricious and slow to react.
My God let him live forever .
I watch his Coffee Klatch on CZcams every Saturday! Very good info.
@@Michelle-yw1lvCan’t wait until he stops making propaganda one way or the other
He’s a quack !
Trump's supporters scare me even more than him.
Without his supporters he is nothing.
💯💯💯😱
Won't see riots if he loses. With Biden you will. Heck even if he wins there could be some.
@@billybobbocephus2177 They have an unholy symbiotic relationship. In fact it's a trinity. The far right, evangelicals, and oligarchs.
@@billybobbocephus2177 without him his supporters are still a threat.
The secret of FREEDOM lies in educating its people, the secret of tyranny is in keeping them ignorant. Voltaire
You must have a degree in philosophy.
@@fowlerja It is actually History.
@@gradywilson9213 Congratulations. Jim
@@fowlerja NO ,Common sense .
@@fowlerja try looking at history, trump is attempting the 1930's Austria/Germany era, to make it easier for you. That's why his only book is "Mein Kampf" ...mit der realität, aka, "maga"
I like Presidents who dont throw the country into a depression. BIDEN/HARRIS 4 MORE YEARS 🗳💙💙💙
under their leadership it's headed that way.... joe has borrowed $3.6 trillion dollars in two years to keep the ship afloat.
Biden was handed 1.4% inflation, $1.87 gas, and world peace. Americans had $1200 more monthly than today.
The reason Biden is losing is purely this thinking
Trump doesn’t see people as “real.”
In our future,forget your dad's rep party,it's not like it used to be.
Vote PEOPLE not PARTY'S. 👍
Neither do I
Just NPCs
Because, Trump ONLY LOOKS AT HIMSELF AS REAL! And You certainly can tell that he’s Completely the Cult Leader all his Cult Followers!
He sees people as "cogs in the machine."
If a cog is broken or refuses to work? They'll be replaced and thrown away.
He sees them as Suckers and Losers
Remember him convincing " miners" that he would put them back to work! They actually had hope.what did he do for those jobless,suffering coal miners? "0".... Nada.
The heck are you talking about? He didn’t ban any coal plants.
Why not employ miners in carbon sequestration mines, off shore wind & wave renewable energy, and storing renewable energy in under water depth presurized spheres? What about piping climate change aggregated urban island effect waste heat, into a under ocean geo-thermal heat pump loop that desalinates sea water while utilizing Carbon negative or neutral, gasses to transport water & mined resources from depth & distance off shore?
Recycle & repurpose oil & coal industry infrastructure, maybe make some interesting science discoveries, while pursuing/leading international climate standards?
Wait, he actually allowed their pension funds to go bankrupt and take that from them. The federal insurance checks they get now are a fraction of what they were owed.
@Silver-jv1us He didn't need to ban coal production. The demand for coal had been decreasing already as coal power throughout the world had been replaced by emerging cleaner technologies. What Trump needed to do if he truly wanted to bring jobs back to those communities was bring other jobs and job training to replace the lost jobs. Instead, he gave the workers empty promises and supported the heads of the corporations instead. Biden has quietly done more to support those communities than Trump ever did.
@@Silver-jv1usBIDEN/HARRIS 2024!!!
A $30,000 car is already a $60,000 car. It’s nuts!
But what are the quarterly profits declared by the manufacturer?
Thank Biden!
As Always Robert Reich has said it BRILLIANTLY 👏 100%
Again !
You are my sunshine!
The words "pig in a poke" and "grifter" come to mind. 🐖🛍💸
For Joe the words "lipstick on a pig" come to mind.
@@fowlerja What can you expect from a centrist when the right extremists have dragged the centrists to the point of being John Birchers? You are, however, more likely to get a contagion if you kiss the other pig.
@@fowlerja Sounds like you need to take a look in a picture dictionary for what the words Pig & Make up are describing. You sound a bit confused. Is it catching?
@@idontagree9658 It's a way of saying that no matter how much you try to improve something fundamentally flawed (Joe Biden), it will still be flawed.
Tariffs are a regressive tax. Trump meant it when he said he “”loves stupid people.” He meant it when he said, “I don’t care about you, I just want your vote.” This is an election for the soul of America.
Agreed
Biden put tariffs on goods too. So what you are saying is, Biden thinks the same way as Trump.
@@intheknow7659 Look who's back under another user name. Zachoff the sedative troll sending us al to dreamland.
Trump never said he "loves stupid people"!😠
He said he "loves the poorly educated"! 😏
😂
Tariffs, done right, can allow for import/export to be competitive globally.
If Americans dont want to make shoes, a equitably vested other nation's company Could make shoes to the cost of labor, investment, humane use equity. For the area AND international standards.
We dont Have to tarriff just imports, we SHOULD tarriff our exports, to a competitively fair world market price.
If Americans cease investing in exploitation, we very conservatively, create Less need for expensive population dense immigration, war, famine, and the root economic causes of terrorism. Instead of the idiocy of selling two (or more) warring factions weapons.
Our politicians need to be telling their constituents what you have said. Trump is telling his uneducated maga what they want to hear. In reality his taxation will hurt them the most
.
Thank you Robert Reich🤑
You're welcome.
Eliminating income tax does nothing to help ppl who don't have/earn any income because they are without a job.
Then you should be happy about mass deportations, more jobs will become available.
Is there anything that Trump touches that isn’t destroyed.
No. Narcissists destroy everything they touch.
Yes, the economy when he was in office- 1.4 % inflation and 1.87 gas
@@OnoMa-g6v Yes, 1-day old trolls generally don't remember the global pandemic that essentially shut down the world economy, nor do they have a clue about economics...
... or maybe you're a day-old bot...
@@OnoMa-g6v 1.87 in some rural side street town, maybe. As for inflation, you don’t have inflation when no one is spending money. The Covid Pandemic kept spending down. A second reason for low petrol prices. There is cause and affect for each action. Trump’s policies ( wealthy tax cuts ) caused the highest debt in history. Almost 2x what we have incurred under the Biden Administration. Yet we still have the most successful recovery of all nations. Petrol is higher, but still lower than 3 yrs ago. Groceries are more expensive , but because of corporate gouging. Unemployment is at historic lows. The higher interest rate hasn’t been as big a problem because home owners locked in very low mortgage rates during pandemic, thereby avoiding a recession. Stocks repeatedly climb to record highs. I have done well with both AMD and Nvidia investments. Trump did destroy the economy , it just didn’t show until after he was voted out of office. Fortunately we put more stable people into office that managed it back to health. We can all agree that US border policy is a shambles, but it has been for the last 5 administrations ( Rep AND Dem ). Crossings are down, problems have decreased, but still have a ways to go. Trump has not put forth any type of ideas and does nothing other than to criticize agencies that he felt slighted by, insult groups that don’t praise or support him, and promise to prosecute out of retaliation. All actions of an authoritarian mindset. He is not just a danger to democracy domestically, but to democratic ideals around the world.
This man is a one man wrecking ball to anything he touches and the GOP because of money he raises puts greed above their responsibility to their constituents.
The company that I did work with cut out bonuses. The company cut down on Thanksgiving, $25 gift card for a turkey , and Christmas gift $30 gift card for Honey Baked Ham to cut down to a $25 gift card for both holidays. While tRump was in office during the covid, I saw fewer people on the roads and at work since they did several lay offs. Which, on the last lay off, I was one of many more people who were laid off, then later called back to work. It was a very slim shift of employees for a while. tRump did not make our lives better, but he did make worse and is still trying to destroy our country if he gets back in office. Vote blue to save our wives, sisters, daughters, and our country.
Let's ignore the fact that it was democrats that shut the country down, NOT Trump.
THEY did this...F'ed us ALL over, just so they could blame Trump for it. You've been had, by democrats and the propaganda machine (MSNBullChit).
The only thing saving our asses in these last four years, is being proficient at putting deer and fish in the freezer.
No I didn't get a bonus! The company I worked for 21yrs shut down all it's top paying manufacturing plants and sent us to the unemployment line. On top of that we were cheated out of some of our severance of pay.
That happened even with Trumps corporate tax cuts. Common sense tells you it would even be worse without the cuts. 🤔 THINK
Robert's Pal Hillary sat on Walmart Board of Directors as they transitioned from Made in America to Made in China. He too is grifting
There have been 3 million illegals hired since 2019, 1.4 million native born laid off. They are replacing domestic workers with cheaper labor. It's why they won't deport them, its literally the work force.
That is rough dude I am sorry you had to go through that. I got cheated out of pay it is frustrating.
Gosh that sounds like more of the work should be vested in the needs of the labor. Economically & Politically. Democracy & organizing Can do the most credible ideas. Its NEVER get rich quick or ez.
Trump needs to be in prison right now!
For what? One of you Marxist fake lawsuits ?
Obviously the more messed up it is the more he can steal!!!
THANK YOU!!
THANK YOU, GENTLEMEN !!
WE THE PEOPLE NEED TO KNOW THIS INFORMATION
Trump would take a wrecking ball to our great economy & just like he did before.
We had a very strong economy with Trump pre Covid. Selective memory?
@@Silver-jv1us So the only person that has a selective memory is you, and so you don’t get to pick, and choose at what time you choose to measure the economy, so you can spin it in your favor or in this case, spin it to support your narrative, which is to make Trump look good at all costs.
So Trump inherited a good economy, because President Obama and VP Joe Biden clean up George W Bush and Dick Cheney’s mess, and in came Trump, and it got a little bit better under him, and then COVID-19 struck, and Donald Trump showed the world, just how bad he is at crisis management, and he made the situation a lot worse.
So truth be known, the economy was doing just fine under President Obama Biden, but Trump took a good economy and trashed it, because of his mismanagement and other misdeeds to numerous to get into, in this one post, not to mention the 3 Supreme Court justices that moved the court so far right that Chief Justice John Roberts has been rendered to the courts Jester, as Clarence, Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy I won’t tell you the truth Coney Barrett, has taken a wrecking Ball to the court, sending its public approval rating into the basement, with single digit ratings by overturning precedence, something no previous court has ever done before.
So your wishful thinking, is just that, wishful thinking, that somehow you can spend this to Trump‘s favor, but Trump himself, is a wrecking ball, and if he gets back into the White House for a 2nd term, what would he have to lose? Not only that, he would have proven that this notion of no one being above the law, would absolutely go out the window, and so what would the Constitution mean to anybody? The answer of course is it would absolutely mean nothing. It would be nothing more than an historical document, a worthless piece of paper that Trump would have pissed all over it.
So maybe you don’t understand the dire implications of a 2nd Trump administration, but I git news for you, you may think that Trump is doing you’re bidding, but Trump is so out of control, that he’s so stupid, that he doesn’t know just how stupid he is, but he’s betting that you’re stupider than him, as he said, I can do anything, and get away with it. I can stand in the middle of fifth Avenue and shoot someone and my supporters are so dumb that they wouldn’t hold me accountable, however, there’s just one problem, it’s people like me that he can’t fool, and it’s people like me, that will make damn sure that he’s held accountable, and you can take that to the bank, but what I fine to be ironic, is they are Republicans who are scared to death of a 2nd Trump administration, but that they’re relying on people like me to do what they are in capable of doing, because of their fear of Trump, and that is to put the final nail in his political coffin, and I for one will happily grant them their wish by voting blue up and down the ballot on election day because I recognize the value of my vote, and I also recognize the danger of the giant orange douche who thinks that he is the chosen one even having the temerity to compare himself to Jesus Christ Almighty himself, and I find that to be not only just tasteful and stupid and dishonest and factually false, he’s anything but a compassionate man, a religious man or a caring man, quite the contrary, he’s a convicted felon, a criminal, a moron, a racist, a thief, and cheat, and he will never be anything more than that, because that’s all he aspires to be. Capeesh! Cheers 🥂
@@Silver-jv1us On the backs of 8 yrs of democrats , just like now , yeah you folks have selective memory .
@@mr.majestic3851 Oh I see, if we have good years with a Republican in office it was only because of democrat control years prior. And likewise if we have bad years under democrat control it’s because of the prior years of Republican control. Got it. What a short bus…
@@mr.majestic3851 Well that’s a very convenient philosophy. Whenever your side does poorly it’s because of the previous guy. Whenever the other side does well it’s because of your side’s hard work! 🤦😆🤡
Many thank yous for hosting Reich --such an important voice, as is your own.
We need a system where we don't depend on non citizens be to work for slave treatment. That's sorta horrible too.
So who is picking fruit and vegetables?
Well said, Professor!
and yet:In 2023, the median total compensation for S&P 500 CEOs increased by 12.6% to $16.3 million, which is more than three times the 4.1% increase in wages and benefits for private-sector workers.
Has any campaign promise outside of tax cuts for the rich ever been kept?
Nope. Just nope.
Biden said he would eliminate student debt. Hmm. He also said we'd get $2,000 checks. But he did get the Chips Act passed, that gave out BILLIONS in corporate welfare.
The democrats are no better than Trump, they are both two shades of the same corporate party. The democrats are operating business as usual, but they want us all to be really really scared if trump is elected, please send all the campaign contributions you can...while we put up the worst candidate in us history, no incumbent has ever won with approval ratings in the 30's.
The cost of living would increase regardless of who's President, but under a Trump administration, it will likely accelerate.
I got 3 pay raises during the trump administration, and bought a new truck at 6% in 2018, and a house in 2019 at 3.1%.
My health insurance premiums went down, and My payroll tax deductions went down.
Congratulations. But that economy is NEVER coming back.
@@bryanmachin2152 it wroked
@@blkhemi3925 And it's gone.
The pay rises didn't come from the Red Capped Loser, they came from your employer.
i was better off with trump even during covid
Trump's plan would absolutely torpedo consumer confidence!!
Love you Robert. But the established parties and elites have not listened to us for years. Both Dems and Reps. We are now looking for someone that will put the people first. We do not see that with Joe, or his party.
My company eliminated all bonuses and reduced yearly raise percentages!!
The ignorance is astonishing by done Americans corporate greed is your enemy and Trump is corporate greed
I lived in New Hampshire and it celebrated not having a state income tax. Except they hit you with huge taxes everywhere else. Gub-ment gonna get its pound of flesh one way or another.
That's what always happens with no-income-tax states. I'm in New Mexico, and in neighboring no-income-tax Texas, it costs 5 times as much to register a car. Texans deny it, because it's (openly) hidden in a fee for a "safety inspection" they have to have, but it comes out of their wallet just the same. Same with property tax: much higher than NM.
The economy is already wrecked for most people.
I didn't get a bonus, only a bone in my a...s!
Remember how much of a negative effect it was on the US economy, losing just ONE million people (from COVID), can you imagine what would happen if we lost 15 million?????????????????????????
YEESH!!!
Just explain right now, how come right now why is it hard on the middle class right now?
This dude was also for nafta which completely wrecked working man's wages.
It’s alright. The extremely wealthy will be able to afford it.
The rich won't pay anything
@@Zeus-dw1cx Everyone would. This is not a new idea. They claim being taxed on what you buy is fair across the board but poorer people simply can’t afford it.
If Trump's tariffs were such a hardship on the middle class, then why has Biden chosen to leave them in place?
Because it takes Congress to withdraw them and the house won't go for it.
@@markpashia7067 That's not true. They were initiated through executive order and can be rescinded in the same fashion.
Some targeted tarrifs do work to balance the trade deficit. That said, too many tarrifs on too many products do rise the prices for the consumer. It is a delicate balancing act, and Trump lacks any of the required balance or ability to be delicate.
He increased the tariffs. He also kept the same border policy as Trump. He didn't forgive student debt, he hasn't broken up the big corps, like Google, FB, etc. He has barely done anything for normal people, but he did give Intel BILLIONS in welfare.
@@alindasue Yeah, Biden just set the US back a decade by putting tariffs on Chinese EVs. The consumer and the environment would really benefit from affordable $15k electric cars, but I guess Tesla's stock price is more important.
Thanks for the info
Apparently some people haven't been to the grocery store lately, the economy is already a wreck.
Because big companies are price gouging. They will get their money and bonuses one way or another.
130 percent tariffs sound good to me to replace income tax. Thats about the level of damage that has been done since imports happened in the 80s. A mail clipper costing 3 dollars wouldnt be bad if it gave my neighbor a job, and caused my house to sell for more, and for people to spend more at my restaurant. Autos would be exempted because they are made here.
every other nation we trade with would do likewise and we won't be able to export so much as a toothpick.
Hell no!!!!!!
Thank you, Bob. 👍👍👍
A dented ping pong ball would do a pretty good job.
The fiat dollar has no clothes
The economy wouldn't be the only thing wrecked.
OUTSTANDING........ABSOLUTELY OUTSTANDING !!! I would want to say you knew R.S. at the TREE OF LIFE ! Back in the day.....
Medicare and Medicaid has been cut for my sister, her friend, and this was military, in his case. and myself as our Social Security increased putting us over the limit to be covered! 😮 This may explain why people are not happy with Biden. These cuts are on the Federal level.
WHAT do you mean would ? HE did that already while in WH.
Robert Reich 👍👍👍👍👍👍
It looks like Reich just got back from a raucous weekend at Six Flags...
It’s not about the $30K car becoming $60K, it’s about the $3 loaf of bread becoming $8 or the $5 gallons of milk becoming $12. Someone struggling to afford basics today isn’t even contemplating a $30K car but they are sure counting pennies to get that $3 loaf of bread.
Well said.
A wise person once said " Biden doesn't need a cognitive test, his voters do "
What would happen if those manufacturers decided not to sell in the U.S. because of those high tariffs? The gov would have no income to run the country.
Sounds like he wants a national sales tax, cause he says he wants to get rid of income tax. Seriously bad idea. This will cost Americans hugely, especially middle and low income.
Hoover, Reagan and Trump all tried improving the economy by reducing taxes and deregulation. The result was similar each time. Companies used the money for stock buy back and mergers. They did very little to no investment to improve productivity. They didn't pass tax savings on to workers in pay rises or bonuses. Lack of regulation didn't promote innovation. (Stock prices were helped some by this during all three era. But obviously it didn't help enough to matter during the Hoover era.)
Trump said that he was surprised trickle down economics did not working. Either he is a bad business man and didn't learn from the Reagan era. Or he knew what to expect and was looking forward to those results. Either way, is that the type of President we want.
Trickle down sure hasn't worked. Reagan sucked too but he loved his country
@@beckydavis1820
True, he did love the country.
Unimantic's commitment to innovation sets them apart from other investment platforms.
The trickle down economics evaporated before it trickled down to me
To me, it would have been nice to see who Robert Reich was talking about and the backup clip showing whoever said that, before your clip started. And oh, by the way, I really admire Robert Reich
It’s all about the Pros and the Cons, who would you like running the Country? Pros or Cons?
Progress or Congress?
I agree .. but people have a far bigger problem than the flag being abused.
You said the same thing last time. All as I can say is that I was able to feed my family for significantly less under Trump.
yeah, but rich people don't care because $60,000 is like $6 to them
they did not get $60,000 thinking like that
@@fowlerja yeah... they inherited it
@@robotic_automaton must have been nice
@@fowlerja i wouldn't know. i'm impoverished
I'm rooting for the Grim Reaper!
But, the current income tax is not fair. the rich & companies are paying LESS taxes than the rest. So a fixed sale tax is a bit more fairer
The Obama administration, coming in, suggested having IRS do your taxes automatically so you would not have to "file" but they would calculate it and send you their estimate. Can you imagine Trump thinking that up, he'd actually have to pay.
Trump will take a wrecking ball to our Nation
I got a pandemic stimulus payment and damn near died from covid is that the same😂😂
On average you could get a $4000 bonus. But in reality the 4000 on the top get a 200 million dollar bonus.
The real reason to get rid of federal income tax is to give total control of tax revenues to private corporations
Would you please tell us how that would work.
And I assume that if they do that our state taxes would go out of control. Because he keeps saying dept of education etc will go back to the states
We are fighting with our employer to get a raise due to us since 2019. Maybe the 4k will show up first. Ha.
Trump would run the government like he runs his businesses, and we all know how well that went.
I live in fear that he may get back in office...✝️💙🇺🇸
Good. Stay in fear 😨. It's good for you.
@@JMyoutube1 BIDEN/HARRIS 2024💙💙💙💙
@@jkdstudio1242 Harris/Biden in 2024 after Biden Dementia gets out of control.
@jkdstudio1242 the fear 😨 is strong in you.
I live in fear that Joe will be back in the White Assistance Living House.
Drump fascination with the Arctic concept of tariff, used in the 19th century. It is like he thinks he is auditioning for the role of a cliché villain for the movie, Cheech & Chong's The Corsican Brothers.🤦🏽♂
can't kill a dead bug
I think you just talked me into voting for Trump. The sooner the US government fails, the sooner Life on Earth will be safe.
I'm a fan of the flat income tax rate idea in one form or another.
no way, democrats would tag it as racists
It is always tempting to pass a law or take an action that corrects what one considers egregious and think it is a simple fix that has no unintended consequences.
No!! Thats what Jozo has been doing for 3 years!!!! Thatss when he's not hiding and practicing for a debate!!!!!
BIDEN/HARRIS 2024💙💙💙💙
6 minutes is not enough time to talk about this.
I work four part-time jobs and if Obamacare is repealed, I'll have no insurance and neither will my wife. And the reason I have those four jobs is because so many full-time jobs have disappeared due to the decline of younger people in my state and the decline of younger people going to college in general. Most of the people who teach at the college level in this country are not full-time and have few benefits, contrary to what the "angry right" is always saying.
i have not had health ins for over 10 years, obamacare is exorbadant in my zip code (as if that should not be illegal charging someone based on their zip code) there are too many young punks running around taking jobs for low wages messing it up for the rest of us
He's talking about cutting taxes for the rich again. Geezus ehat does he want just to give them bonuses back??? Don't forget tariffs are put in the price of the goods bought by the people!
GROCERIES AND EVERYTHING ELSE IS SO INEXPENSIVE NOW.?? WHAT PLANET ARE YOU LIVING ON??
A worker co-op and unionized economy will stabilize it.
We need to create a new currency system. We should have never gone off the gold standard. OR we need to go back to taxing the rich to get the currency back into the economy.
@@bjornstahle4652 Vote Biden/Blue. Biden is going to tax the rich their fair share.
Yes! I agree that we have reached Peak capitalism and major changes are needed to progress. That doesn't mean I'm not voting for Biden in fact I'm voting blue all the way up and down the ballot hoping that all of these new young voters will help this country continue to make positive changes. I'm 72 and I've had my time of protesting and activism thank you. Really quite shocked that we are where we are at right now though
That will bring everyone to their knees. Bragging you know it's crooked - cause you use it reflects your tactics not accomplishments
Better late than never, shout out to the integrity of the most recent Israeli hostage. Making herself useful kept her alive to tell the tale of horror in captivity. Respect to your integrity and resolve for left souls
The endless wars are the biggest wrecking ball to put economy. Trump will definitely speed it up. Voting for Jill Stein.
You mean trump then,
Trump got us out of wars. Remember how he ended ISIS? Remember how upset the left media was when he said he wanted to pull out of Syria? Remember when he arranged an end to Afghanistan, and Biden screwed that up? Remember how he didn’t want to give $1B to Ukraine, but Biden has given them over $150B?
It is no secret that tax free havens created more jobs. That's a plus from all the bonuses you are talking about.
Any Ferris Bueller fan was educated on this by Ben Stein.
No joey did that already..😂
💙👍🤟
Wrecking ball😅 HE'LL MAKE THE NATIONAL TREASURY HIS PERSONAL PIGGY BANK!!! LIKE HE DID WITH HIS CHERITY!!!!
Vote Democrat💙 the other guys are nuts!
Why do you support the military industrial complex?
@@intheknow7659 Look who's back under another user name. Zachoff the sedative troll sending us al to dreamland.
@@brucebasile5083 Back under another user name? Not aware of much are you?
@@intheknow7659 I know enough to understand this is you Zachoff.
No, Joe is the "nut" with his advancing dementia.
Proud deplorable here.
FJB
Trump today! Trump tomorrow! Trump forever !
I would help you all move to russia...seems you dont like it here.
Post on
Hopefully those blinded by dangerous wind will wake and not vote for him 😱
Do they have voting booths for the blind?
In 1996 Steve Forbes was a republican primary candidate. He promoted the ideas of a flat income tax rate and no taxes on saving and investment income. The flat rate tax was appealing to many because it sounded like it would simplify income taxes. The no taxes on saving and investment sounded appealing to many because it would award people for saving and investing.
Those people failed to understand that the flat tax rate would reduce taxes on the highest earners but not them. They also failed to understand that the rick primarily live off of income from their investment. Those people didn't understand that Steve Forbes would benefit far more than any of them from his proposal. They didn't understand that they would have actually been the losers.
It is this same type of thinking, a failure to pay attention, lack of historic knowledge, and Trump's charisma that attract Trump votes. (Personally I don't find him charismatic. But it is obvious that others do.)
I am just saying that we have been here before. Luckily Steve Forbes didn't have Trump's charisma. (Or a radical social agenda.)
Trump is the epitome of incompetence.
Here is an example of incompetence.
This is one of Joe's experienced, astute, kind , and caring policies. His "Open Border".
Joe allowed the “illegal” crossing of the “open border” by 8-10 million “illegal migrants' ' , criminals, terrorists, drug smugglers, and gotaways, etc. This will affect all 50 states; their state safety net, housing, flooding of hospitals and educational systems, criminal systems, drug issues, and employment.
With little to no border security over 3 years, huge amounts of the narcotic drug fentanyl has crossed the “open border”. The Mexican Cartel has raked in billions of dollars, destabilizing the economic and social structure of Mexico.
Yearly, 75,000 deaths of young Americans (ages 15-44) occur throughout 50 states. Those who survive are damaged for life, overwhelming medical and social service programs. Their life expectancy is 47.5 years. Expect 300,000 families to bury their children during Joe's four years.
A tragedy of this magnitude not only affects the family and relatives, but the nation as a whole. This national tragedy is having a devastating immediate and lasting impact on the nation's economy, social structures, public health systems, and overall demographic trends.
Sadly this event has not been on Joe Biden’s radar or agenda for improving our nation. Joe likes to speak about democracy. There is no democracy for a young dead person.
“Please pay attention to what Joe Biden and Kamala Harris do or don’t do for America. Their actions will tell you everything you need to know.” Actions speak louder than their words. Is America better off than it was four years ago concerning the deadly narcotic fentanyl?
In fairness to Trump, once you shit down DoE and EPA (et all) you don't need to raise as much money via revenue...
Do you realize that one of the first things that the EPA worked to address starting in the 1970's was acid rain. In the 1970's rain was acidic enough that it was starting to shorten the life of span of some of our infrastructure. The rain wasn't acidic enough to burn a person's skin. I don't think it was even as acidic as vinegar. But it was enough to have long tern effects on infrastructure and that cost money.
Of course this isn't the only was that the EPA has saved us money.
@erniecolussy1705 Yes I know US government do important work. I am not Donald Trump.