The Truth About Trump’s Economy | The Common Good | Robert Reich
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- čas přidán 19. 07. 2024
- In this episode of The Common Good, Former Labor Secretary Robert Reich exposes the smoke and mirrors of Trump’s economy, and how nearly all the gains have gone to the top. He then sits down with Solana Rice - an expert on the intersection of race and the economy - to discuss the racial wealth gap, stagnant wages, stock buybacks, universal basic income, and how building economic power is essential to black liberation.
For more information on the topics discussed, check out these videos:
7:50 - Stock Buybacks: • Stock Buybacks, Explai...
10:40 - Power: • How to Build Progressi...
16:00 - UBI: • What is Universal Basi...
00:00 Welcome!
1:56 What’s happened with health care under Trump?
3:29 Solana Rice explains the truth behind unemployment numbers and the stock market. Half of the stock market is owned by 1 percent!
5:55 What’s the difference between income inequality and inequality of wealth?
7:38 Stock buybacks - what are they and what’s the problem?
11:01 In order for BIPOC to sit in their power, they need economic power. Here’s how it works.
12:18 How do we do that? What should we demand in politics in order to help solve inequality in this country on all levels?
14:22 How do we avoid pitting everyone against each other?
16:27 How do we organize people around policies that will actually liberate?
19:00 We need to take on these small crises every day and also reimagine a more equal system.
23:35 Solana Rice is optimistic because she believes in the ingenuity and power of BIPOC.
Inequality Media Civic Action with Robert Reich is a digital media organization aimed at debunking right-wing lies, educating the public about inequality and imbalance of power, and breaking down solutions to the economic and structural issues plaguing our country. We provide a platform for you to learn, share your ideas, and, hopefully, mobilize your communities to make change for the common good. Please subscribe to our channel: / rbreich . We release explainer videos every Tuesday and episodes of The Common Good every Thursday.
Follow us on Twitter: / rbreich
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Thanks for watching! If you want a deeper dive on some of the topics we discussed, check out our explainer videos:
7:50 - Stock Buybacks: www.youtube.com/watch?v=5RiRU...
10:40 - Power: www.youtube.com/watch?v=lSdWd...
16:00 - UBI: www.youtube.com/watch?v=UqESo...
Robert Reich just between you and me. As long as All those who support Bernie keep up the pace that is going. The likelihood is we will get the Bern. Events to come after that may not be so good unless we get control of the world wide Carbon pollution of our Atmosphere.
What a fake. He used the same method as secretary of labor. He "forgets" his boss, Clinton, stole ALL of the social security trust fund made secure under Moynihan-Nixon.
I love that you bring people together, both young and old, different colors and ethicisatys, and I love the dancing at the end, too cute, but I really appreciate it and all the work you all do, to those working behind the scenes with you I see you and I want to say qujanaq! Kalaallisut Greenlandic for thank you!
@@tedphillips2501 Go away troll. Jeezus we are all so sick and tired of reading crap from you all.
The Rich Are Loving the Economy - It’s a Different Story for Regular Americans
- whowhatwhy.org/2018/09/03/the-rich-are-loving-the-economy-its-a-different-story-for-regular-americans/
I truly do feel bad for my mom and my dad and my family they were conned out of a good life please do not vote for Donald Trump
I bet that Trumpists are living in their own bubbles and alternative realities.
Too Many Americans Still Live In “Bubbles”, Have No Contact With People Who Are Different
- czcams.com/video/0hp91mtsST0/video.html
Trump supporters ALWAYS BOAST the "booming" economy under trump.
But, the majority of trump's economic statistics are half truth or distorted or WRONG.
Let's go educate ourselves first.
Stock Market does NOT always reflect REAL ECONOMY.
Past three quarters of GDP under Trump, 1.8, 2.0 and 2.1%. Poor performance. Trump promised 3.0 - 6.0%.
Obamas' average was 2.3% while climbing out of the worst financial recession in history.
How Does the Stock Market Affect Ordinary People?
- czcams.com/video/9XAnypPXhzE/video.html
czcams.com/users/results?search_query=stock+market+david+pakman+show
Stock Market was actually BETTER Under Obama than Trump.
- czcams.com/video/g5CvRiXcY0Y/video.html
The richest 10 percent of Americans own 84 percent of ALL stocks.
The top one percent own 40 percent of the country’s wealth, while the top 20 own 90 percent.
A majority, of Americans can’t cover a $1,000 emergency.
Only 40 percent of Americans would pay an unexpected $1,000 expense, such as a car repair or emergency room visit, from savings. (Google it.)
HALF of all Americans have two or three jobs to survive and still live paycheck to paycheck.
The majority of "unempolyment" rate have come from "Temporary, Part-Time or Low-Paying Jobs." Where're decent jobs? with useless degrees?
Yes the unemployment has gone down..
but it's not living wage jobs that cheap jobs like Amazon and bull crap job like that..
it's not real jobs that's why a lot of people are falling off the unemployment line.
There're nearly NO Middle-Class Manufacturing Jobs LEFT in America.
Many Greedy Big Ccorproations have outsourced their production and services overseas,
despite of the massive GOP tax cuts. (TRICKle Down Economy has mostly PROVEN to be a fraud.)
The Middle Class is keep SHRINKING in Trump Admin. -
The Rich Are Loving the Economy - It’s a Different Story for Regular Americans
- whowhatwhy.org/2018/09/03/the-rich-are-loving-the-economy-its-a-different-story-for-regular-americans/
The Truth About Trump’s Economy - czcams.com/video/90zIplv4BbE/video.html
Study: Trump Tax Cuts Failed to Help Anybody But the Wealthy
- nymag.com/intelligencer/2019/05/study-trump-tax-cuts-failed-growth-investment.html
Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class in 2018
- www.forbes.com/sites/camilomaldonado/2019/10/10/trump-tax-cuts-helped-billionaires-pay-less-taxes-than-the-working-class-in-2018/
Trump’s Tax Cuts The Rich Get Richer Archives - Center for Public Integrity
- publicintegrity.org/topics/inequality-poverty-opportunity/taxes/trumps-tax-cuts/
The Trump tax cuts in action: Socialism for the rich - 2020-01-02
www.washingtonpost.com/outlook/2020/01/02/trump-tax-cuts-action-socialism-rich/
Eight Ways the Trump-GOP Tax Cuts Have Made the Rich Richer While Failing Working Families ; January 03, 2020
- www.commondreams.org/views/2020/01/03/eight-ways-trump-gop-tax-cuts-have-made-rich-richer-while-failing-working-families
Here're many uneducated MAGAturds.
- czcams.com/users/results?search_query=trump+supporters+tax+cuts+for+the+rich+is+good+status+coup
But sadly, Trump is winning BECAUSE of uneducated and misinformed MAGA cults,
PLUTOCRATS, Neoliberals, Crony Capitalists, Big Donors, and Corrupt Corporate Media.
The irony is that MSM is HELPING trump by refusing to cover the real issues,
but is obsessed with RussiaGate Bullshit and his behavior.
ES 2020 Well stated and documented.
@@kathyeubanks5524 well stated, but they pasting it all over the comments section. If we're going to fight against the trolls from the right, we need to use our minds and avoid their tactics.
beckoning kat fire: Personally I'd love the opportunity to punch the ignorant moron right in the mouth. Not a problem Ms. kat. :)
@@DepressinglyOptimistic Sometimes when they go low - we will go lower.
Being of Robert's generation, I am very encouraged to hear such sense from younger people, it makes me HOPEFUL!
Here's actual Trumpist comment :
"Here are some facts. Under Trump.... record high stock market numbers, lowest unemployment rate in 50 years, 2.53% GDP since Trump took office, USMCA passed, and the Leader of ISIS dead. Tax cuts provided relief for the middle class. Supreme Court ruled the travel ban constitutional and that the Wall can be built using Defense funds. 7 million jobs added! Russian collusion didnt work, Ukraine didnt work, Stormy didnt work, and impeachment failed. Keep hating, Trump keeps winning. "
My response:
I bet that Trumpists are living in their own bubbles and alternative realities.
Too Many Americans Still Live In “Bubbles”, Have No Contact With People Who Are Different
- czcams.com/video/0hp91mtsST0/video.html
Trump supporters ALWAYS BOAST the "booming" economy under trump.
But, the majority of trump's economic statistics are half truth or distorted or WRONG.
Let's go educate ourselves first.
Stock Market does NOT always reflect REAL ECONOMY.
Past three quarters of GDP under Trump, 1.8, 2.0 and 2.1%. Poor performance. Trump promised 3.0 - 6.0%.
Obamas' average was 2.3% while climbing out of the worst financial recession in history.
How Does the Stock Market Affect Ordinary People?
- czcams.com/video/9XAnypPXhzE/video.html
czcams.com/users/results?search_query=stock+market+david+pakman+show
Stock Market was actually BETTER Under Obama than Trump.
- czcams.com/video/g5CvRiXcY0Y/video.html
The richest 10 percent of Americans own 84 percent of ALL stocks.
The top one percent own 40 percent of the country’s wealth, while the top 20 own 90 percent.
A majority, of Americans can’t cover a $1,000 emergency.
Only 40 percent of Americans would pay an unexpected $1,000 expense, such as a car repair or emergency room visit, from savings. (Google it.)
HALF of all Americans have two or three jobs to survive and still live paycheck to paycheck.
The majority of "unempolyment" rate have come from "Temporary, Part-Time or Low-Paying Jobs." Where're decent jobs? with useless degrees?
Yes the unemployment has gone down..
but it's not living wage jobs that cheap jobs like Amazon and bull crap job like that..
it's not real jobs that's why a lot of people are falling off the unemployment line.
There're nearly NO Middle-Class Manufacturing Jobs LEFT in America.
Many Greedy Big Ccorproations have outsourced their production and services overseas,
despite of the massive GOP tax cuts. (TRICKle Down Economy has mostly PROVEN to be a fraud.)
The Middle Class is keep SHRINKING in Trump Admin. -
The Rich Are Loving the Economy - It’s a Different Story for Regular Americans
- whowhatwhy.org/2018/09/03/the-rich-are-loving-the-economy-its-a-different-story-for-regular-americans/
The Truth About Trump’s Economy - czcams.com/video/90zIplv4BbE/video.html
Study: Trump Tax Cuts Failed to Help Anybody But the Wealthy
- nymag.com/intelligencer/2019/05/study-trump-tax-cuts-failed-growth-investment.html
Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class in 2018
- www.forbes.com/sites/camilomaldonado/2019/10/10/trump-tax-cuts-helped-billionaires-pay-less-taxes-than-the-working-class-in-2018/
Trump’s Tax Cuts The Rich Get Richer Archives - Center for Public Integrity
- publicintegrity.org/topics/inequality-poverty-opportunity/taxes/trumps-tax-cuts/
The Trump tax cuts in action: Socialism for the rich - 2020-01-02
www.washingtonpost.com/outlook/2020/01/02/trump-tax-cuts-action-socialism-rich/
Eight Ways the Trump-GOP Tax Cuts Have Made the Rich Richer While Failing Working Families ; January 03, 2020
- www.commondreams.org/views/2020/01/03/eight-ways-trump-gop-tax-cuts-have-made-rich-richer-while-failing-working-families
Here're many uneducated MAGAturds.
- czcams.com/users/results?search_query=trump+supporters+tax+cuts+for+the+rich+is+good+status+coup
But sadly, Trump is winning BECAUSE of uneducated and misinformed MAGA cults,
PLUTOCRATS, Neoliberals, Crony Capitalists, Big Donors, and Corrupt Corporate Media.
The irony is that MSM is HELPING trump by refusing to cover the real issues,
but is obsessed with RussiaGate Bullshit and his behavior.
I can't help but think that the current generation of geriatrics running things were there in the 60's, in the days of Woodstock, anti-war, peace and love. What happened to them. Many of us kept our beliefs, but obviously most have forgotten their youthful ideals.
Yes, this is why Bernie Sanders have the younger generation following him. They get it! Vote blue no matter who.
Please remember, "pick yourself up by your bootstraps" was originally a phrase that meant stupidly trying something impossible.
Since FDR and the New Deal, our Democracy began to imply that we help each other pull ourselves out of a troubling national situation, by voting on laws that are inclusive in their positive effect. Greed has overrun that philosophy with the insidious promotion of Nationalist Capitalism and the propaganda around "Success" and self-determination. When the facts are that Federally funded programs such as Head Start and SNAP begin the building of skills and educational success that make adult success and self-determination within a Democratic society possible. But of course, the ruling class in the U.S. wants a return to ignorance and child labor
I did look it up Kruznik appears to be correct which I'm not gonna lie. Learning this has blown my mind I knew what we believed it to mean and have used it many times and heard it many times but we are wrong it is an absurd act.
Also sigma isn't a troll. Huffpost does state that the German noblemen did have a similar reference.
I am 76 and I have lived in Europe and Asia for many years. The American system is broken. False optimism. Need million person March on Washington and Bernie elected
We need more leadership like these two young women. They are giving me hope, EVEN IN THE DARK DAYS OF TRUMP!
They're Millennials. Remember that.
Trickle up economics makes way more sense than trickle down!
Excellent job guys. 👋👋👋 👍 Solana needs to run for office. We need lots of young people in office NOW. Replacing the older ones left over from the 1900's.
OMG yessss!!! Qujanaq! Kalaallisut Greenlandic for thank you! I agree, a way to get the people most impacted to get into office and do the good change we need!!
A rising tide lifts all boats, but you have to have a boat. All those without a boat are in the soup.
Gotta get everyone their own boat.
@JRG2733 If that happens rich will be just as screwed as the poor as the economic damage would be wide spread and there would be uprisings against the governments.
@JRG2733 They lost their heads during the French revolution.
"And in 2017 midlife mortality reached its highest rate since WW2"
My mom whois 57 and has struggled to get essential health coverage because of a Workmans Comp case just had a Heart attack Jan 26, 2020. Fortunately, she is fine, she had a 90% clogged artery that was fixed with a stent, a common procedure that she was awake for and after three days of evaluation in ICU she was released. Since then her energy, color, and mood have been like a whole new person.
Point is she could've died, and it didn't have to get to that point, how anyone can argue Healthcare isn't a human right is beyond me. Every shit argument conservatives tote has been easily debunked. However, the corporate lackeys in government and on MSM have crafted a disturbing culture of cynicism for facts & government.
#NotMeUS #RiseUP #BERNIE2020
So True, universal healthcare shoulf be a right for every American. The Constitution even states, "promote the general Welfare," meaning the health, happiness, & fortunes of a person or group, in the simplest of terms. Even having health insurance in the US doesn't guarantee people receive the care they require. Many cannot afford the co-pays, and the denial rates are unbelievable. Even if it were the best healthcare, it is worthless when people cannot access it. For profit healthcare should be a huge flashing redlight in itself.
As a person with universal healthcare, looking at the US, it amazes me that so many cannaot see how the lack of healthcare oppresses the citizenry of the US. One can be stuck in a lousy or deadend job just to maintain its benefits. Illness, accidents, or injury are unpredictable, and certainly not the time to engage in comparison shopping, nor can one predict what the cost will be beforehand leaving citizens at the mercy of the insurance companies.
Trump's administration has been in court for the past 3 years fighting to end Obamacare, and isn't stopping until the ACA is gone. The ACA that protected pre-existing conditions coverage could be gone at any moment, and those that need healthcare the most will suffer. Insurance premiums have increased faster with the removal of the individual mandate. The destruction of a standard insurance plan with specified coverages has also led to increased premiums.
How can a people have true liberty, when their health and well-being is not promoted by the very government that protects the very means that harm them.
A lot of the death is because people ARE insured, whites are disproportionately insured and have greater access to a road addiction to opiates...
There's an assault on white men and their culture and this creates suicidal ideation as well...
Look at white suicide and white opioid overdose, by age and class...
Left-wing liberals love to leave out these groupings, people that suffer and die... Not to mention aborted babies of course
Maybe you can campaign 2 reverse some of the defense budget increases and funnel them into healthcare? 😏
There are 2 types of conservatives fighting against healthcare: those that will have to pay for it and the voters that don't believe in going to regular checkups and dental appointments. You know, the ones that use the emergency room as their own personal crisis center and never pay the bill.
All my best to your Mom. She is fortunate to have a son who cares. Dr. John McDougall on You Tube....saved my life with his informative talks and interviews.
An example of the misleading unemployment stats: I have a Master's degree and recently lost my full-time job, but would be counted as "employed" because I am currently working a part-time retail job at less than half of my previous salary. Yes, a lot of people are finding work, but the financial stability of the work is a major issue.
At the way Crooked Trump lies about everything and the way he uses every single one of the government agencies to lie and cover up for him I don't believe any of the reports that have been giving him glowing unemployment rates and that say how great black and other non-white people are doing!
The Crook-in-Chief has been firing people left and right if they dared to tell the truth about his corruptions and rewarding those that lie and covering up his crimes, such as Steve Mnuchin, Ben Carson, Betsy DeVoss, Kellyanne Conwitch, Pompeo, Henchman Barr, Hope Hicks, Wilbur Ross, Mark Esper, Jared Kushner, Ivanka, Trump Jr, Elaine Chao, Ryan Zinke, and a thousand other lackeys that are unqualified for their jobs and only got their jobs because they are known Republican operatives who are loyal to Crooked Trump and would do anything for him!
Make a video about why Medicare For All would be good for culinary union members in Nevada before the upcoming caucus.
Not just goog for union members its the greatest gift for entrepreneurs! Imagine how many people would start business if they didn't have to worry about their own healthcare or providing healthcare to stay competitive when competing for labor. Its amazing that no one's talking about the potential economic gains from small businesses due to Medicare for all.
@DrMossydog 👈🤣😂
Most Culinary Union members in NV are Latino. They may tell the union leaders that they’ll vote for someone else. But they’ll end up voting for Bernie because they’re not pendejos. They’re Bernie all the way!
@@brenthollady Mostly entrepreneurs will be opposed to it. Universal healtcare works in other countries, because your employer is expected to pay a part of it, usually half of what you'd have to pay. And since entrepreneurs are self employed, they'd have to pay the full price for themselves while at the same time having to pay half of their employees healthcare costs. But since most people are not entrepreneurs but working class people, they should all rally to get universal healthcare. However, it's excactly those working class people who already have healtcare benefits from their companies who do not wish for universal healthcare, as for them it wouldn't change much, all they worry about is that they'd have to pay more to finance the healtcare of someone less fortunate. People are in general selfish aholes.
@Frederic Bastiat imbecile
We need more advertising of these facts, billboards, ads and so forth. 💙
Thom Hartmann argued that instead of buying ads he begged Styer to purchase am radio stations. You can tune into right wing talk radio on an AM station anywhere in the country. Their winning the messaging game.
Catalina , great ! Spending money helps Trumps economy .
@@brenthollady Creepy stuff that's what got "Rush Limbaugh" famous, we need to wake up to this propaganda.
*Come* *ON* *People!* We can do this! 27 bucks! $27..
... that's two thousand 700 cents; ... *PENNIES!!!*
There are over Three Hundred Million of US American citizens; even if ONLY *5* *%* of Us pitch in 27 bucks each, that makes over $400,000,000.00 (Four Hundred Million Dollars) to allow Bernie Sanders to wage a WINNING Campaign against the corrupt Corporate Establishment and give US Our White House so that OUR representatives can fight for WE THE PEOPLE again! Go to BernieSanders .com
If you are rich, give $100 or more;
if you are Middle Class, give $27 or more;
if you are poor, give $5;
if you can't give 5, then Volunteer for Bernie's campaign and spread this message!
*Come* *ON* *People!* *BERNIE* *2020!*
There is a REAL political Revolution starting Now.
The time is NOW!
*GET* *!* *IT* *!* *ON* *!!!!*
I bet that Trumpists are living in their own bubbles and alternative realities.
Too Many Americans Still Live In “Bubbles”, Have No Contact With People Who Are Different
- czcams.com/video/0hp91mtsST0/video.html
Trump supporters ALWAYS BOAST the "booming" economy under trump.
But, the majority of trump's economic statistics are half truth or distorted or WRONG.
Let's go educate ourselves first.
Stock Market does NOT always reflect REAL ECONOMY.
Past three quarters of GDP under Trump, 1.8, 2.0 and 2.1%. Poor performance. Trump promised 3.0 - 6.0%.
Obamas' average was 2.3% while climbing out of the worst financial recession in history.
How Does the Stock Market Affect Ordinary People?
- czcams.com/video/9XAnypPXhzE/video.html
czcams.com/users/results?search_query=stock+market+david+pakman+show
Stock Market was actually BETTER Under Obama than Trump.
- czcams.com/video/g5CvRiXcY0Y/video.html
The richest 10 percent of Americans own 84 percent of ALL stocks.
The top one percent own 40 percent of the country’s wealth, while the top 20 own 90 percent.
A majority, of Americans can’t cover a $1,000 emergency.
Only 40 percent of Americans would pay an unexpected $1,000 expense, such as a car repair or emergency room visit, from savings. (Google it.)
HALF of all Americans have two or three jobs to survive and still live paycheck to paycheck.
The majority of "unempolyment" rate have come from "Temporary, Part-Time or Low-Paying Jobs." Where're decent jobs? with useless degrees?
Yes the unemployment has gone down..
but it's not living wage jobs that cheap jobs like Amazon and bull crap job like that..
it's not real jobs that's why a lot of people are falling off the unemployment line.
There're nearly NO Middle-Class Manufacturing Jobs LEFT in America.
Many Greedy Big Ccorproations have outsourced their production and services overseas,
despite of the massive GOP tax cuts. (TRICKle Down Economy has mostly PROVEN to be a fraud.)
The Middle Class is keep SHRINKING in Trump Admin. -
The Rich Are Loving the Economy - It’s a Different Story for Regular Americans
- whowhatwhy.org/2018/09/03/the-rich-are-loving-the-economy-its-a-different-story-for-regular-americans/
The Truth About Trump’s Economy - czcams.com/video/90zIplv4BbE/video.html
Study: Trump Tax Cuts Failed to Help Anybody But the Wealthy
- nymag.com/intelligencer/2019/05/study-trump-tax-cuts-failed-growth-investment.html
Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class in 2018
- www.forbes.com/sites/camilomaldonado/2019/10/10/trump-tax-cuts-helped-billionaires-pay-less-taxes-than-the-working-class-in-2018/
Trump’s Tax Cuts The Rich Get Richer Archives - Center for Public Integrity
- publicintegrity.org/topics/inequality-poverty-opportunity/taxes/trumps-tax-cuts/
The Trump tax cuts in action: Socialism for the rich - 2020-01-02
www.washingtonpost.com/outlook/2020/01/02/trump-tax-cuts-action-socialism-rich/
Eight Ways the Trump-GOP Tax Cuts Have Made the Rich Richer While Failing Working Families ; January 03, 2020
- www.commondreams.org/views/2020/01/03/eight-ways-trump-gop-tax-cuts-have-made-rich-richer-while-failing-working-families
Here're many uneducated MAGAturds.
- czcams.com/users/results?search_query=trump+supporters+tax+cuts+for+the+rich+is+good+status+coup
But sadly, Trump is winning BECAUSE of uneducated and misinformed MAGA cults,
PLUTOCRATS, Neoliberals, Crony Capitalists, Big Donors, and Corrupt Corporate Media.
The irony is that MSM is HELPING trump by refusing to cover the real issues,
but is obsessed with RussiaGate Bullshit and his behavior.
Solana is a brilliant young woman and she makes me hopeful for the future of America. Thanks for having her on.
Thank you for not mentioning the blond-haired white woman
@@mickeydrago9401 She's a regular not a guest.
@@mickeydrago9401 And you really shouldn't generalize and come off as racist. Both young ladies are both fine upstanding citizens, and both work to build a brighter future to all.
@@dertbom
Lol
To fully embrace the path to the dark side please read this:
RACE EVOLUTION AND BEHAVIOR BY PHILIPPE RUSHTON
@@dertbom
Plenty are not deserving of a brighter future, In fact quite the opposite
I'm a millenial (1984) and feel just like Katie! Good and bad days, especially considering the environmental crisis, but we gotta keep up, working hard, supporting the right things, and earning hope!
I love Katie!! You're honest, smart, good hearted, and doing great work! HUGS
Rob, in answer to your question, how do we bring people together... We don't mention class, race, gender, sex, political affiliation and etc... When we do that, we often turn people off before they even get the chance to listen to us. We talk to people's "heart and mind" with truth. In the military, we stressed that we all bled red. This helped us put our biases and prejudices aside, our survival depended on it. We need to understand that we should be in survival mode now. Bottom line, we are more alike than different! We need to continue to fight for the 95% and stop emphasizing political party, race, gender, sexual orientation, age, religion and other factors used to identify/categorize people. We are all on the same team. We all strive and deserve a decent chance at life. As the cliche goes, "United we stand/divided we fall." What unites us is isn't party and all the other boxes people try to put us into. It's bigger! We're all people and deserve decency and respect. I can't tell you how much disrespect there is between different groups because we are forced to choose a team. We're on the same team! My team is human decency. The rich 1% drown out our cries for human decency with their money and political favors. This will only get better when money and crooked politicians (both Republicans, Democrats and others) are removed from politics. Media is undermining the only true champion of the people because they are handsomely paid off by the 1%. I'm not on team Democrat. I'm not on team Republican. I'm not on team Conservative. I'm not on team liberal. I am on team America! I am on team human decency. I beg others to think twice about their affiliation and join the greatest team, Team USA. Stop the infighting and disrespect across political/social factions. We're American! Let's not bring shame to ourselves. Let's do what is good for the country and not the millionaires. I don't have an issue with rich people. I have an issue with the way they have cheated/corrupted the game. Dog fighting is illegal. Why? Because dog owners make money at the expense (death/torture) of an innocent dog. We are the dogs trained to fight. The millionaires are the dog trainers. They should be in jail and not celebrated or respected. What they do is cynical and treacherous. They pit us against one another while they cash out. Please wake up!!! United we stand, divided we fall.
A fair number of corporations that lobbied for the tax cut were asked if they planned to INVEST in their companies and workers....a significant number said NO.
So there was reason to believe that the flow of the "trickle down" was going to start and stop with the top 1%...but the tax cut was passed anyway.
Oh but they did invest in their companies. They used that money for stock buy backs. Which also had the great effect that it lead to an drastic increase in stock value. The entire economy is a bunch of bullcrap.
@Frederic Bastiat Wow, what a blabbering idiot you are. You didn't get anything.
Trump initially said he wanted people making $25,000 or less to be free from federal taxes, looks like the Republicans wouldn't let that happen...
And of course all the worst minimum wage States at 7.25 are all red
Frederic Bastiat the point is they never should have received tax cuts
@Frederic Bastiat Being a Republican is when you claim to love a country but your all about finding loopholes so you don't pay taxes to support it - like a deadbeat parent.😡
Robert Reich is one of the best and honest people you have in the USA.
Stop , please . He is a democratic operative . He tells a story of Trump failure which is bullcrap .
Check out Richard Wolff's you Tube videos.
@@thomasfletcher1971 You sadly inhereted the two party system from England, a great mistake dividing you up for no good reason, and suppose you could all agree then you would end up in a one party system like China. But the more inportant to understan here is that Robert Reich would still be an honest and decent person even as an Republican, or is this just too difficult for you to understand.
Make it illegal for businesses to hire labor that is not represented by a collective bargaining agreement.
Sounds like you belong in Sweden
to form a collective bargaining unit you need at least two people to be represented by the National labor relations board 4 a union vote
I tried that at the Walmart I worked in in the mid-90s, and I even actually tried to unionize under the industrial workers of the world, anarchist wing...
Turned into quite a story!
The waltons are the richest family in the world...
If I hear one more trumper say " If you think minimum wage is too low, get some skills and get a better paying job" I'm gonna scream. When I was a kid, work was 40 hours a week and you could live on your pay. With automation and increased productivity it was theorized that someday we'd only have to work half that many hours and have more leisure time to enjoy ourselves or to work on our personal goals.
Well, productivity went way up. But so did our work time. And we have trouble keeping a home and other basics.The only answer is, THE INCREASED VALUE OF PRODUCTION IS BEING TAKEN, ALL OF IT AND MORE by the owner class. Money buys more money, all legally of course.
You can explain it to them a million time and they'll still pretend like they don't understand. Truth is that most of them simply don't care. They already have it, so why should the government waste time to make it better for someone else? The ones who don't have to worry are usually the ones most opposed to it. They need the losers who make less money than them to feel superior. You could be helping orphaned children and they could be selling sex toys, they'd be convinced to be of more importance to society just because they make more money than you. At the same time they'll bitch that those people who earn so little will be on well-fare and get food stamps payed by their tax money. But that won't stop them to praise the companies who make fortunes by exploiting their workforce and while doing so having their employees subsidized by tax money. Those sociopathic idiots suffer from sort of cognitive dissonance.
It didn't even have to be automation, the moment women got to the workforce, working hours should have been halved. But too many women were looking for a career and worked as long as the men, who in return didn't work less but often more instead, to make even more money than the women. And the work ethics of many people have left us with companies expecting us to make overtime without pay.
They'll also tell you to open up a business like they did, perhaps a restaurant. But how would they like it if everybody opened up a restaurant in their road, they'd have to share the customers, it's not like people get more appetite the more restaurants open up. Their employees would also leave for a better job, as these assholes don't like to pay a living wage. After all, it's one of their own suggestions. They'll never think things through, they don't want to understand that there can only be that many companies. Who is to compete with Amazon nowadays? Also, compnies need workers, not everybody can become a CEO. They seem to think the pyramid is upside down.
karen stauffer I totally agree Karen, also a lot of manufacturing jobs haven’t been effected by automation or globalization the way corporatists would like you to believe, yet people like myself still find ourselves after 18 years of employment earning less although our productivity has increased! My particular industry is immune to the effects of foreign markets and thus far hasn’t been effected by automation. What we have in my particular situation is greedy executives and private Capital investors who are intent on chopping away at the workers compensation packages so they can gain large quarterly earnings. Also not a dime spent on innovation!
Robert Reich for president, who's with me?!!!
No no no Robert Reich for Secretary of Education...so many brainwashed maga people to attend to.
@Bull Durham hay I know mr Reich won't run, I also believe he sopperts Bernie, so a vote for Bernie would probably be like voting for mr.reich. we as THE PEOPLE can vote for Bernie and bring humanity back to America. It's my opinion.
@@kakumee They could. But I predict something else. The moment Sanders gets elected, the stock market will have its crash, because neo-liberals will go nuclear when a "socialist" becomes president. Trumps shitty policies will finally show effect and ruin the US. Sanders will not be able to pass any of his policies with the Reps blocking him and the center dems not supporting him. The people will blame Sanders for ruining the economy. People will turn their backs on Sanders because he won't be able to deliver any of his promises. You'll be hearing lots of things like "Thanks Sanders", similar to "thanks Obama". In the midterm elections, dems will lose. And after 4 years Sanders will lose (assuming he feels healthy enough to keep running) and it's not very unlikely that the Reps will give us a future president who is even worse than Trump, because their barrel has no bottom. To prevent this from happening, young liberal people need to be motivated and keep their motivation to vote Dem (Doesn't have to be Sanders, just not Reps) forever, never missing ANY future elections. You'll have to endure and hope that change happens gradually over time, and not become disillusioned when Sanders doesn't magically turn the US to a better place the moment he is elected. The most important part is that we cannot allow the Republicans to gain power ever again.
Secretary of Commerce.
@Bull Durham you kidding right? Klobu nah
I'm loving the show so far. It's been very informative and I especially appreciate the focus on the power of the citizen. Also, Solana is awesome, I really learned a lot from her insights. Thanks, and keep up the great work!
Most underrated podcast on CZcams. People need to be watching things like this to stay informed !!!
Basic needs met! Can I get some of that! :)
Find your nearest billionaire and beg, but he would prefer you work for him and make him richer 😜
Flatulation Calculation - Cooking the Books with Hot Air
(Advertisment: Study The Buy No Email Theorem at Trump University)
There once was a hyperbolic so curved
In the truth that Donald Trump Senior swerved
So he sat in his bath
Learning to do new math
Then said "Eureka, my win I deserved"
But he'd forgotten to carry the one
Who was otherwise well known as his son
Whose "facts" did not add up to
Everything that he knew
In factorial terms his truth was none
But once Senior was aboard Airforce One
That's when his calculations he begun
To propositional disputes
He found imaginary roots
By adopting contradiction for fun
In the end it must be concluded
That Trump Junior and Senior Colluded
For a problem arose
When they ran out of toes
To count so, a solution eluded
Solana Rice...brilliant. Fascinating discussion. Thank you.
Never mind the white girl right?
You lefties his will fall over backwards to kiss up to your intersectional minorities...
Did you love hearing the old liberal Jew as well? 😉
7:00
Even white girl asks questions in terms of "workers of color", never mind the poor whites right?
even Trump twice in the last two State of the Union addresses mentions Asians and blacks and women and Hispanics and never white men when it comes to unemployment rates...
We don't have a white awareness month do we?
No hetero sexual awareness month
@@mickeydrago9401 OMFG 🙄 I didn't include the "white girl" in my comment not because she isn't brilliant or because she's white. I also didn't include "the old liberal Jew" either. I've never seen Solana Rice before and I felt compelled to write a comment because I was impressed. Please don't make assumptions or read into something that isn't there. In my opinion your comment is ridiculous.
For me and mine is not the way learning to get along is Like Rodney King said
@@DOLfirst
It's not JUST about you, it's about replacement Theory... Intersectionality... The Frankfurt School and multi cultural Marxism...
Affirmative action...
if it's a passing comment and casual observation by you that's fine... I just believe identitarianism is at the forefront of people's minds more than they like to admit especially if they are white...
there's a big lawsuit going now against Harvard because they reached fifteen percent black in recent semesters, which should be completely impossible by any stretch of the imagination especially controlling for white admixture..., 8 States now have laws against affirmative action... Intersectionality can work both ways, if only to put the left-wing in check
I could cite a few Prager University videos for the above comments if you want... Real clash for mr. Robert Reich... I have a few of his books...
I really hesitated on watching this one, but I am glad I did. It was lovely hearing what everyone had to say and Bob did a great job sharing the spotlight!
More of this please!!
We landed here because the regulations put in place in the 30's have been seriously eroded!
Reaganomics
@DrMossydog you're a doctor like I'm an Astronaut . You're a moron .
@@thomasfletcher1971 Go away dumbass the adults are having a conversation and we know you don't give a shit about facts.
@@marvin5620 It's definitley the Bernie camp that doesn't give a shit about facts. I've been by Bernie supporters multiple times that there is literally no evidence that could change their mind. They told me outright. It was insane. Then, in action, I've seen probably ten times as often where someone at least has the intellectual capacity not to outright admit such a thing, but it is revealed that they care more for ideology than any facts.
In fact, just a few threads up from here, you can see several apparently mentally challenged people openly reveal their ignorance and sub par comprehension ability.
Where did we land? This is a ridiculous comment, because we are better now than we were in the thirties by basically orders of magnitude, so if you're implication is that regulations are good, then you don't understand the reality of our circumstance. Almost every single person is better off in almost every single way today than we were a decade ago, and a decade before that, and so on to our ancestors.
The income and wealth gap causes a type of constipation in the economy. More money in the hands of the poor and middle class would cause a boost to the economy. Growth has been slow under Trump.
In the current economy, all that matters is the money that changes from one rich hand to another rich hand.
The only growth I see is from tax cuts & loopholes for the rich with too much money, but it doesn't trickle down very far or that much enough for real overall growth everywhere else in the economy that is needed to be felt as an uplift.
@@SaulKopfenjager The poor and middle class would buy needed goods and services like food, clothing, medicine, housing etc. because they don't have those essential things. That would boost the economy. We knew that the tax cuts wouldn't really create the growth they promised.
It's also paying the working class better in developing countries. So much demand there. It would help the US.
Solana Rice for President!!
Thank you!!!! People need to know this!!
You need strong worker unions. As long as the working class is not organized, your struggle lacks coherence, exactly the situation the rich 1% love. So: organize and use that power to reform (look at the French and how they get stuff done).
Look at the French ? ? ?
You're a dope.
@@thomasfletcher1971 WHY DO you say that?
Macron’s economic reforms are reducing benefits for elderly pensions and lower middle class. Now they’re pissed and burning things in Paris. The Yellow Vest revolution is now.
@@salahuddinyusuf So the French are getting more Americanized?
And I'm not talking about the yellow VESTS
Here are the latest figures released by Oxfam. Globally 54% of all wealth is owned by the 1% and also globally, the top 20% own 94.5% of all wealth. With the bottom 80% holding only 5.5% of all global wealth, stagnation is either already here or will set in for all global economies. The wealthy elites are well aware of the situation, yet will do nothing to change their behavior. My belief is that we need a global hard cap on the wealth an individual or business can accumulate.
Organizing! Solidarity is the key to successfully taking power over our lives. Together we can change the world.
Your artwork reminds me of illustrations from a childhood book i loved called "It Could Be Worse," so thank you for that nostalgic moment :) now we must try very hard to make things better! Bernie2020!
The Rich Are Loving the Economy - It’s a Different Story for Regular Americans
- whowhatwhy.org/2018/09/03/the-rich-are-loving-the-economy-its-a-different-story-for-regular-americans/
This is why we need to vote Bernie in as our new president. He will fight these corporations And make the corporations pay their fair share. What don't people get?
Great show! Also, good music choices today :) Thanks for making the economy easier to understand.
I’m so glad to see a new episode! The notification bell works. 👍🏼
Love your show. Thank You for your dedication , hard work and knowledgeable, informative guests. At 78 I especially appreciate using the Power of humor, smiles and the dancing to enable us all to actually stay in the fight, long term.
It’s that conversation about what people really need that gets me. I feel like it’s obvious that everyones needs will be different. UBI would have enabled each individual to address their individual needs. Andrew Yang is brilliant and his policy ideas should continue to be discussed.
Yes, listen to actual people.
I’m a boomer and yours is the generation I’ve been waiting for ! Welcome to the vote! Thanks for caring! 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
You should say "generations"
Some who are adults now, used to be just like this when they were young, but the older generations didn't give them a chance.
Over the years, the pioneers from older generations made their way up the ladder. Each one influencing the world as much as they could and we're now reaching a critical mass, where there's enough noise coming from the young that also resonates with the older ones, who weren't heard when they were young.
None of them could do it alone. Generations of young people have been demonstrating the same things. Just that there seem to be enough people in all age-groups now, that we have a chance to do something about it. (Having the internet, which was based on freedom and no government control, might have played a role too.)
But never the less, it's overdue.
It should be called the common truth because you bring out the facts.
So many eye opening numbers to the truth vs the lies.
Like common sense, it isn't as common as one would like it to be.
Also, you got to consider that even if those people grasp those facts, their interpretation is based on personal values. And rightwingers are rightwingers, because they are on the sociopathic spectrum. To those people empathy for others means nothing.
If I were the strongest human on the planet by far, I could just rule the world by force and get all I want. But if I played along, I'd have to share things. Selfish people do not want to share things, they especially do not want to share things equally. If they are already in possesion of things, they'll do anything in their power not to have to share it, and even if they want to share, most will only share a fraction of it, often only to ease or silence their guilty conscience. But if I am weak and most likely to be crushed in such a world, it would be better for me to change the world so that I get something out of it, that people who are stronger than me, will give me something so I can at least survive. Even if I were a psycopath who'd rather rule alone if he had power, as the powerless loser I am, I'd try and get my fair share. Problem is, that many people are so selfish that they want those more powerful to help them, but only them, while they still want to be able to push down those beneath them. They think by crawling to the bigwigs and bullying the underlings they are some big shots closer to the bigwigs than the underlings. Instead of wanting to create a society were everyone is equal, they are looking for hierarchies. And for many it is good enough to have a spot that isn't at the very bottom, and important not to drop any further. Many people truly feel the need to have someone beneath them to feel better about themselves. What they don't like is if someone who isn't like them is in a higher position in the hierarchy.
@@maythesciencebewithyou pretty much.
But don't label them a lost cause. They just need to be forced to face the facts. They are being brainwashed and manipulated, maybe via bribe or fear, but the point is, they are not acting of their own accord.
We need to ride to the depths of hell, where they are, or even just think they are, and pull them back out. Enlighten them away from the illusion.
Stupid and ignorant, maybe, but don't blame them for that, that could be us too. It just happens to people. Again, anyone can fall into a trap. The point is, they need to be saved, I would want to be saved, even if I didn't know i was in danger, even if I was given the world to bribe me into willingly a slave. And yes, some are bullies or spoiled brats and deserve to rot, but that isn't true for all of them. Some just don't know better and don't know how to know better. Maybe they are threatened to play ball? Whatever the case, we need to be the bigger man, rise above the name calling and labelling and inform them the truth. They will eventually come around or forced into the open so the snakes are exposed so they can be handled and removed so the enslaved can be freed.
My take on it anyway.
@@NinjaOnANinja Right, because if you explain to a racist why racism is bad, he'll simply stop being a racist. Sure. It might be true for some, but many of those people have internalized all that. It's not much different than religious indoctrination, you can't convince most of these people that liberals aren't evil. Their idea of evil is also different than yours. I admit, it isn't good to label them all the same, but in all honesty, most of them are incabable of seeing why it is bad to have shitty opions about e.g. minorities. You can try and explain to them as much as you want, they are convinced to be the good guys, and those others are bad. They can rationalize away that an illegal should be treated like a human being. You could surely "save" many of them. Most of them are lost causes. Even if you convinced them on how they'd benefit from universal healthcare and the taxation of the rich, they wouldn't agree to it because they feel bad for those who have it worse than them. They'd agree to it because of selfish interests. The best we can do is to enlighten their kids before they are indoctrinated in their parents rightwing beliefs and put all our hope into the future generation to be better than us. Not every human is capable of empathy, and even among those people with empathy, not all of them care for others. Naturally shitty peoplel do exist, and the nurture of a young mind can lead to a shitty personality of someone who might have turned otherwise if not for that.
@@maythesciencebewithyou i agree completely, but I still say to give them a chance before you cut them off. We are one nation. One world. They like we are humans. We are in this shit hole we call life together.
Its true, "you can lead a horse to water but you can't make it drink it," but we can save some of them. Some are dying of thirst and simply don't know the well is behind the wall that their false leaders put up.
Show them first. All im saying. If they wanna die of thirst? Lettem. But again, I am sure not all of them want that fate. They just need to know there is more options outside of their forced cult life they lead. Enlightenment is a powerful thing.
I would like to ask professor Reich to tell us about differene between official unemployment and real unemployment
Excellent information...I'll share it with the people I know...knowledge is power
I said this myself yes the unemployment has gone down.. but it's not living wage jobs that cheap jobs like Amazon and bull crap job like that.. it's not real jobs that's why a lot of people are falling off the unemployment line I chose to work under the table like I do.
Its all jobs , moron . Apparently you're not skilled labor or qualified for jobs that require a certain level of education .
Here are the latest figures released by Oxfam. Globally 54% of all wealth is owned by the 1% and also globally, the top 20% own 94.5% of all wealth. With the bottom 80% holding only 5.5% of all global wealth, stagnation is either already here or will set in for all global economies. The wealthy elites are well aware of the situation, yet will do nothing to change their behavior. My belief is that we need a global hard cap on the wealth an individual or business can accumulate.
@Frederic Bastiat ☆ actually I'm a separatist I don't care for either side
@Frederic Bastiat I don't know what you mean by that but unemployment really gone down at all is the cheap jobs
@Frederic Bastiat that's my point you can live off this type of money I work my cell phone and I work under the table anyway so I make up my money so I don't give a damn but I'm sorry for those people were forced to do to three jobs just to survive..
Love this! And love perusing your library in the background too! Esp like the “product placement” of your “System” book over the shoulder of the African-American lady, Robert!
Love this!
I fear for the future. All this talk lately about worker efficiency and it’s effect on the economy has bothered me for at least twenty years. During the 80’s any discussion of the economy centered on the stock marked while the average man began to feel the pinch and fall behind. It was around then, with hostile takeovers and such, the efficiency became a goal of corporations and the government. As worker efficiency got better, less workers were needed. During this same time automation began to spread into areas that were unthinkable in the 1960’s. My question has been for a long while, what happens when efficiency reaches 80 or 90 percent.
The corporations will make their profits but what if the people?
Here are the latest figures released by Oxfam. Globally 54% of all wealth is owned by the 1% and also globally, the top 20% own 94.5% of all wealth. With the bottom 80% holding only 5.5% of all global wealth, stagnation is either already here or will set in for all global economies. The wealthy elites are well aware of the situation, yet will do nothing to change their behavior. My belief is that we need a global hard cap on the wealth an individual or business can accumulate.
Bernie's Support & Campaign & enthusiasm didn't disappear in 2016 & has been growing even more enthusiastic into 2020 ! If Bernie 💖 Sanders is elected President, he WILL NOT JUST DISAPPEAR ‼️ And Neither will WE ‼️
☝️🤠‼️🔥🔥🔥🔥
Truth drop!
I am concerned that although the economy might look good superficially, it may be running thin.
I don't want to be an alarmist here, but what resilience does our economy have? For example , the corona virus: factories in China shut down due to quarantine, supply for parts and products is cut; availability for production or purchase is reduced; economy takes a hit. How much of a hit can the economy take? Other problems could arise: natural disasters, bank fraud or stock manipulation in the shadow of deregulation or non-enforcement, some foreign catastrophe, etc. I'm not predicting gloom and doom, but I do say that a sound economy needs to be strong enough to withstand some negative impact. I am not confident that our current economy has that depth.
A ton of gdp has been from fiscal stimulus since early this century. We're in a period of stagnant growth and low productivity. I doubt we fix it without going into a depression. Won't happen without increased wages for better demand.
In Australia enjoying your show's
Everything being discussed here is so important (and has been dialogued in this country since its inception, I might add)! Professor Reich gives strength to these ideas on his own (and his books, courses and films prove it), and these young women have so much to add. It's obvious that a revolution in this country is not only overdue, but may just be happening right now!
On the topic of the tax cuts for big corporations, you nailed it! Walmart is the perfect example of this: one time bonus, slower accumulation of vacation hours, and the death of holiday pay.
This is a great program. Thanks
Andrew Yang always gave credit to MLK, Jr. when he spoke about UBI! He also mentioned several others who had put it forward in history. He proposed to give it to everyone because that would cut down on the money spent for all of the paperwork. He said that he was trying to get rid of any stigma of being poor...
I, for one, am devastated that Mr. Yang had to give up and hope that he can be selected to be involved with a new president’s cabinet or become a Vice Presidential candidate...🧐
UBI would be easy in the US and would make better scene than a bloated bureaucracy that serves it's own not us. Slash defense by 2/3 and reorganize all welfare programs into one wage. But as long as the US has imperial goals we will just feed the war machine with money and bodies...
Thank you for teaching the facts.
Always love your take on the the state of affairs.
....old news and bunk.... HEAVY on the Bunk. EXCELLENT discussion.... when and where do these hopeful ideas find traction in the push against old news and bunk..?
Bernie Sanders is the only candidate that fights for all and understands the issues with clarity!
Love your videos.
Turn up the heat in studio, Solana looks cold
What a anxiety provoking time we are in.
All too often people forget, you have to KEEP a politician in power/ elected when they do the right thing. All too often people vote out someone who makes the hard but right choice. All too often the voters do NOT look at someones voting record and just political adds.
Exactly. People after hopefully voting Sanders into power, need to keep the progressive in power, so that their policies can come into effect eventually. I predict that the moment Sanders become president, the neoliberals will have a meltdown, which will finally lead for the stock market to crash, and Trumps shitty policies will finally show their effect and hurt the US and global economy. When that happens, people will blame Sanders for it. With your rightwing media, many people will buy into it. Sanders will most likely not be able to pass any of his social policies, if he can then only very watered down versions of it, because the Reps will totally block him and the center dems won't support him. The fact that Sanders won't magically make the US into a better place on day 1, might turn off many idiots. We can only hope that Sanders will mobilize the youth this time, however, even if he manages that, the youth might get disillusioned with Sanders and become lazy once more in the Midterms, and future presidential elections.
It won't happen over night, it will actually be a shitty ride, as he'll have to clean up behind Trump first. What's important is that the youth and liberal non-voters have to grasp that their vote counts (especially when they are in red and purple states). And that everything hinges on them. They need to keep voting for him, even if we enter a new recession, or worse. The house, the senate and the judges need to be gradually turned blue. Otherwise, you can forget it.
Awesome just so awesome!
Outstanding Show
The fight today is not Republican versus Democrat... It is the rich and soon to be rich, versus the rest of the population. We have a huge population that would respond positively to a progress platform/policies... and I am so glad we have someone like Robert Reich guiding us. In other video's he has stated - the first thing is to rebuild the community and you do this by asking questions, listening and then addressing concerns with practical solutions. Really progressive policies is about empathy and caring and building up people.
Great show! This is what my research led me to understand: capitalism is not real, not today. Corporatism is the world we live in.
I am so very impressed with both of these very intelligent young ladies. Katie.... thank you my white sister for being an extremely good human being. People like yourself gives me some hope for my children's future and for our country as a whole. And Solana....wow.... you are so awesome as well. You are just the type sister I have been searching for all of my life. You are beautiful, smart, classy and I can tell that there is absolutely no sell out with you. Very impressive. Thank you Robert Reich as well for your honesty and truth. We most definitely need more people in this country like you. Thank you!!
Katie.. I´m your fan #1.
A dancer and an artist, what a guy X
"Pick yourself up by the bootstraps!"
Might as well be
"Work will set you free".
The dance at the the end was the cherry on top. Great discussion!
Robert Reich for president
Too short 😏😉
@@mickeydrago9401 I see you are here only for the purpose to create turmoil. You are probably an assigned troll trying to get a reaction. 🙄
In general there are no easy solutions to all these fundamental problems, but luckily for American Voters there is one: vote Bernie.
Why is Katie wearing a woolen cap inside?
That is not a cap.
On trend
I'm optimistic about the future because this is the first time in my life that we have so many exciting people running for public office. 40 years ago, there was no one like AOC or a presidential candidate like Bernie Sanders.
No salesperson tells a potential customer "why they are wrong", because it immediately turns people off. It is better to mention a few platform issues (lead in), then ask people what issues concern them (get them thinking about what you just told them). Many will choose one of the issues you mentioned, simply because they cannot think of another issue off-hand. Then you tell them how your candidate plans to address that issue (sell your candidate). Having been listened to and offered a candidate with solutions to issues important to them, the "customer" is left with a warm feeling of satisfaction, and is much more likely to consider voting for your candidate.
It doesn't make a lot of sense for campaign people to waste time trying to convince Trump supporters when there is a huge pool of non-voters who are not entrenched in a political ideology or tribally (irrationally) loyal to the Republican party; They're not worth your time.
Excellent video. Facts matter
Very interesting historical case study
A lot of these jobs out here don't pay no money and then they want you to go to college to be in debt for $70,000 kiss my ass... I rather Bob the system on Mac under the table and make a lot more money to put in my pocket..
Informative as always. I had already researched some of what you said at the beginning of the video, but it's always nice to see it all in one place. One thing I think that could have been touched on a bit more is consumer debt. Since it just recently went over 14 Trillion. It would reinforce the fact that many people are going into debt instead of saving.
I am a proponent of "trickle up economics", the practice of the lower income becoming the benefactors of higher wages while the higher incomes remain at course. When a person that is low or even middle income is earning more money they are most likely to use that money to support their community, to create reason for more need for workers in other positions. Take a fast food worker making $7.25/ hr newly earning $9.25/hr, their new purchase power has increased many time over dollar for dollar because they will use that $2 every hour to buy needed items like food, clothes, a car, to pay bills, and to go out for meals and movies because they are not as worried about paying bills with the few dollars they have. If you give that same amount to a wealthy person they will lock it away in a bank or stocks and benefits only them.
Yes increasing the minimum wage would possibly encourage corporations to automate and outsource but if the laws were written to ensure that those things could not happen the result would be a boon for the wage workers. I do not advocate a $40,000/year salary for working at a fast food joint but we do need to raise the minimum wage by at least $2/ hr. I would also say to end the "tipped" jobs that pay $2.13/hr and just give them a livable wage and end tipping.
I work for a trucking company, family owned, we usually haul automotive parts, guess what is down? So my hours got cut from 40 to 28, 2 weeks before Christmas 2019, and still I have yet to be called back for 40 hrs. People would say find another job, only a few small problems with that, car just broke down, have no credit due to medical debt after having a heart attack with no health insurance. So been relying on my co-workers for rides to the office. Other medical issues would be difficult to hide from another employer, for one, I have to urinate every 20 to 30 minutes, my current employer understands and doesn't care as long as I keep the money flowing to him. I am the bookkeeper/accounts receivable person. Our revenue dropped by over 60% and that drop started in June of last year.
Oh 😢
Move to europe, we'll help you
As a Canadian, every horror story of medical debt like yours breaks my heart knowing that it shouldn't be that way and doesn't have to be. I thank God every day I was born here and not there. The best I can do is cheer for Bernie. I hope there's relief coming for you and your similarly afflicted compatriots soon.
@@SteelFisher yes this kind of stories are heartbreacking, but it's cool to be an american citizen, also to be a canadian or what ever. Us citizen (not the gouverment) have done so much for the world, we should stand by them. 😘💞
I feel for you, brother. A few years ago I was diagnosed with prostate cancer and the treatment kicked my butt and made me extremely weak and tired. Took the wind out-of-my sails. Were it not for being a veteran and the VA covering my medical expenses, I'd have been in financial dire straits. Wish you the best of luck.
@Memento Mori trump do not figure anything out, he is not able to, sry
#Bernie2020 He's the only sane choice.
@Grimm Grimm eat a pickle
We crave simplicity.
A smoke show that appears to answer the issues sells easy.
Thinking is hard, which is why most people don't do it.
I'm surrounded by people who are not bad, but are very wrong.
The loudest voice tells them what to believe and they do.
If we can elect a whole slew of progressive candidates to Congress, the odds of getting an amendment passed allowing for citizen amendment of our Constitution increases, enabling us to cement in place the real fixes to our problems. Go Bernie & co.!!
There is some who think that when things are bad enough a movement will grow. It did in the 30s during the great depression. The movement has started and the worse it gets the nearer we get to another paradigm.
Enjoyed
People worry about your art work, your so on the money Robert God Bless you I get the picture.
I walk past his (Mr. Reich) picture each day when I walk into the Frances Perkins Building at DOL Headquarters.
Robert, I believe one point that is often missed in the debate on raising the Minimum Wage is that high wages can incentivize productivity improvements. Productivity improvements necessarily involve the elimination of jobs but if we required paid time off to be mandatory and it increased along with improvements in productivity, we would see a huge increase in the quality of life across the board.
I'm afraid I don't do as well as Katie Milne with my optimistic good days lately. I'm having far too many bad pessimistic ones. However, today changed to "good" because of these two young people - it's about the only thing that gives me hope. I'm 65+, recently retired, white and definitely working class. If I were a person of power - a politician, Labor Secretary, POTUS etc - I would IMMEDIATELY be offering Solana Rice the highest position I could find. BTW, the tropes discussion is prescient. In my demographic, I've heard the "deserve" trope, oh probably 20,0000 times in just the last ten years.
Lets stop Mr. Makeups reign. Hope republicans will wake up.
Wake up from what? Most of them vote for Trump because he is their spirit animal
I don't think they will
Everyone now has access to a job that will not be enough to sustain the basics of living such as health care, living expenses, etc... but it is just enough to disallow you from receiving any kind of assistance from the government to which you pay taxes, thereby leaving the everyday person treading water with no end or help in sight. Meanwhile, your taxes will continue to be used to subsidize Corporate welfare though subsidies and tax breaks to the point where one individual will pay more taxes each year than say, Amazon, a trillion dollar company which pays ZERO federal tax. As Martin Luther King said:"In this country we have socialism for the rich and rugged individualism for everyone else".
Thanks for your effort to explain to us all the facts, instead of alternate facts!
@Bruce Wade Why, if you are supporting Trumps conduct, it is I who feels you will live with the regret of seeing democracy leave your fine lands!
@Bruce Wade I'll be happy to test your theory Bruce! Feel free to give it one more go, I'll certainly read your response but then will bow out. Thanks for sparing! All the best/Roy
Thanks! Doobie Brothers, good stuff!
I would love for you to be Sec. of Commerce/Labor/VP in a Sanders administration.
Hail socialism down with capitalism
I might not use those words. Hail sounds too much like Heil. But otherwise, yes.
Great show to all. Thank you for mentioning Obama pleading with us to hold him accountable. That gets overlooked quite a bit.
She's pre-splitting us before Unity has been conceptualized by the Majority. Right NOW we all need to encourage a unified front to enable us to care for each other from a foundation of Justice for All.