2025 Could Be The Biggest Wealth Transfer In US History
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- čas přidán 4. 06. 2024
- We’ve been fed a huge lie that cutting taxes for corporations and the rich is good for everyone.
We can thank Dick Cheney, Donald Rumsfeld, and Art Laffer - who concocted the scheme over oyster stew.
Their theory became Reaganomics, and then Trump’s tax bill.
And we’re all paying the price.
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"Socialism for the rich, rugged individualism for the rest of us" -MLK
Individualism for everybody is what I fantasize about. For every mega billionaire there are several red and blue stooges helping them rewrite the rules in their favor in disregard of true competition
@@Emancipatriotlmao so what do you propose
Wow ! Wonderful quote. Thank you :)
Are you sure that wasn't Kodos?
He was a plagiarist commie stooge but, hey, even a broken clock is right twice a day.
I've got a great joke about trickle down economics but 99% of the people won't get it.
😂😂😂😂😂 nice!
XD Gotchu
Nobody noticed trickle down is literally a pyramid scheme?
Ok let's hear it
Took me a second...good one.
What conservatives tell us tax cuts will do: "Oh boy, I have more money! Now I can pay my employees better and invest in better facilities and hire more people and-"
What tax cuts actually do: "Oh boy, I have more money!"
actually what tax cuts do is CAUSE INFLATION. What do they do with that extra money? Buy assets, which raises rents, and stocks which raises prices (CEOs raise prices to raise the earnings to even out the Price/Earnings ratio).
You’ve never ran a business. If an employee generates 20k in profits annually and I have an extra 100k annually. I’d hire more people and make more money. Based on your math that the rich are greedy.
Try talking to someone that has actually lived what you’re spouting.
It's even worse than that: as he pointed out, your CEO will say "if I keep money as profit, then we keep 80% of it. If I spend it on employees, like half of that will go to the government in taxes, more than if I keep it. I don't like money going to the government. Actually, let's fire people so the government gets even less."
@@Ryan-Fkrepublicnzummm No!! Printing money out of thin air is how inflation is created. This isn’t even debatable anymore. Or at least not by anyone that understands economics.
Glad he cited the drop in 70% tax rate on the Rich, nobody today seems to believe that
You're not counting out 50,000 beans? That's exactly the kind of poor work ethic that keeps you from being wealthy.
Now Jeff Bezos would count out 50,000 beans... well actually he'd pay someone below minimum wage to count them for him and wouldn't let them take a bathroom break until it was done.
He’d send the beans to a third world country to be counted by a minor at night using a candle
That person is only getting paid till he is replaced by robots
@@cantfixasandwich4672 true. The depravity of Bezos is difficult to fathom.
Bezos family paid for his business lol. They gave him thousands of dollars in the early 90s.
That "trickle down" is yellow in color.
Under Trump I paid the lowest taxes in 25 years for my small business.
Brown
Nice try Eric 83 percent to the wealthy.
@@francismarion6400 that isn't my experience, under Trump I paid more in income taxes against the shittiest collection of contract jobs I have ever had. I even had to cover my own health insurance while working full-time for The Fed.
And brown!
For every loophole in the tax code, there is army of lobbyists ready to defend it.
Oh yes
Ron Paul talked about abolishing the federal income tax. Where were you?
@@donmarek7001 : I support reforming the tax code to make it more fair and less accommodating to the corporations and the super wealthy - as those two special interest groups had a big hand in having the tax code rewritten to serve their own greed.
Ron Paul and Rand Paul are myopic libertarians who lack any pragmatic problem solving skills and are uninterested in consensus building on sound policy. Too bad Kentucky consigns itself to such dead weight senators....
Wrong. The so-called "loopholes" are there for a reason. What are the big four in Accounting for advising politicians on how to draw up tax laws?
Trickledown was a crock in the Reagan years, it's a crock now. Only difference is then people knew it was a crock. Today they cheer for it.
It goes back to Nixon, who was known as "Trickle-Down Dick".
It was a crock over a hundred years ago when it was called the horses and sparrows theory.
We either get a trickle, or nothing.
So...since the Trump Campaign is making promises to extend/increase those tax cuts from the Trump years, send this report to every Trumper you know -- at least the ones who seriously think he would be good for the economy.
Reagan literally won his reelection with the largest margin of any president winning 49 out of 50 states... how can you say "people know it was a crock?" Lol
The issue isn't that corporations aren't being taxed enough, it's that they are able to avoid taxes. You can tax them all you want but unless you remove some tax loop holes, nobody is going to benefit from any policy
You mean removing all loop holes.
Oh somebody is going to benefit. The guys running the corporations.
What are these tax loopholes I keep hearing?
Those loopholes aren't there on accident. They're not bugs in the system, they're features
Thanks to Citizens’ United, corporations/oligopolies are “people” and they can donate millions to political parties (the GOP) and they get massive, permanent tax breaks to entice them to continue funneling all that saved revenue into the GOP. Right, Jeff Bezos? Jeff gets huge, permanent tax breaks, and so does Amazon. Both donate millions to the GOP- to get more huge, permanent tax breaks (as well as rolled back regulations-it’s a pain in the ass to have to worry about the planet being polluted when you’re trying to rake in money)
Golden shower economics?
😂
Liquefied excrement economics.
More like decades and decades of propaganda paid by super rich for the benefit of super rich... Like all these MAGA wishing to destroy unions and labor laws because it is what prevent corporation to make them rich...
I did not consent to capitalist watersports.🤮
Wealth doesn't trickle down - it gets sucked up...
yeah; pee on our back and tell us it's rain.
@@dr.c7679
I don't do the Apricot Antichrist
Bullseye 🎯
Wealth trickling down only happens when you squeeze hard.
Wealth doesn't trickle up no matter how much you squeeze.
Glad I made it
@@francismarion6400 You have 5,000 years of world history showing you wealth has ALWAYS trickled up. Or rather, has been siphoned up.
@@francismarion6400 What are you talking about?! Wealth trickles up every time you buy anything on Amazon. Every time you pay Disney, Netflix, or Spotify for their subscription 'service.' Wealth trickles up every time you use a credit card, PayPal, Venmo, or even a debit card from a bank. Wealth trickles up every time your boss denies you a raise or moves the goalpost for your bonus. Wealth trickles up every time a lobbyist changes the law in their financial favor. Wealth trickles up every time AI replaces laborers. Wealth trickles up all the time because the people at the top own and control everything. They're monopolizing utility companies, rental properties, and every social service they can get their hands into. Private Equity is destroying businesses left and right. Every dollar that goes to Wall Street was stolen from Main Street. Wealth will always flow to the owners of production.
Wait what?
A history of the top marginal tax rates on the wealthiest Americans: 1940: 81% 1950: 84% 1960: 91% 1970: 72% 1980: 70% 1990: 28% 2000: 40% 2010: 35% For 50 years, corporate backed politicians in Congress have slashed taxes to line the pockets of their wealthy donors.
This needs to be more heavily publicized.
just a natural progression of what happens when you give the government a power it should never have in the first place. who can be surprised when the rich and powerful wield it? but instead of correcting the original mistake we just boldly march on into poverty 😂
@@markfinley3703 it is publicized. This is quoted pretty regularly when the topic comes up in the media.
The issue is that american conservatives have been brainwashed into thinking golden shower economics will benefit them. americans live under an ideology that convinces them they'll one day be millionaires, so it's in their best interest to be good and fall in line.
Although taxes were high 1940 to 1980 the rich didn't actually pay those higher taxes because the politicians put in loop holes in the tax laws so these high taxes could be avoided. They do this so average person thinks the rich are getting hit hard with taxes but they really aren't because the politicians put in the loop holes in the laws. So it doesn't matter how much the rich are paying in taxes, it's more important how much you pay in taxes! When the politicians are talking about raising taxes on the rich people they are raising the taxes on everyone but everyone doesn't get loop holes to avoid paying the higher taxes!
@kevinattig6689 A lot of those loopholes had to do with reinvesting in your business, in funding research and development. Things that were good for the country. Now the money just goes into their pockets and serves no one but them.
The Laffer Curve. I remember my economics professor in college back in the 80's lecturing hard against this. He was spot on.
the rich laffing (sic) at everyone else...
@@Ryan-Fkrepublicnz And all the way to the bank.
Surprising that it was the '80's . . . I'd expect that to come from the '60's or '70's.
The 0% and 100% theory parts are accurate.
@@vxicepickxv
They are.
The rest of the model oversimplifies.
It has always been a lie.
It's not a lie, it's a half truth. Which makes it way more dangerous.
@@technozombie789 Technically, it's a 1% truth!
It was a marketing gimmick
There are more than 6,000 US companies with more than 1 billion dollars in revenue. In the first quarter of this year, all corporate PROFITS were 2.7 5 trillion dollars and that was lower than the fourth quarter of 2023. Tax revenue received in 2023 was 4.4 Trillion, which half was paid by individuals. Corporations need to be taxed more and pay more to their average employees
We need to close tax loopholes. That’s the real problem.
And 75% of fed income tax revenue comes from just the top 10%. The bottom 75% of tax payers account for 10% of tax revenue.
@@JLB00333
The top 10% hold 75% of our national wealth.
The bottom 50% hold 2.1 percent of it.
Why are you carrying water for the 10% who own 75% of the nation's wealth?
"And so the population was gradually led into the demoralizing temptations of arcades, baths and sumptuous banquets. The unsuspecting Britains spoke of such novelties as civilization, when, in fact, they were a feature of their enslavement."
-Tacitus 68 BCE
That was a brilliant comparison! Scary, but brilliant!❤
You had me in the first half, I'm not going to lie, but of course all of our problems stem from Reagan.
Edit: I also want to point out that every single article I read or saw about the coming tax cut, at the time, predicted "most companies are going to use it to do stock buybacks or increase dividends."
and they DID! As if it was a mystery. Well, it is for most people who are financially illiterate...
Yep. It was the GOP, the White House and right wing media pushing the idea that this would be helpful to the middle and lower classes. Everyone else said it was a cut for the rich and corporations, with especially attractive benefits for real estate developers. Unbelievable.
Were stock buybacks a practice in the 80s? I don’t recall that happening until the late 90s.
@@BeefCurtain91 the rule changed in 1982: SEC Rule 10b-18. Took a while for it to gain traction
????? How about doing a story about how food shelves and food banks really work?
A lot of people, even food shelf workers, mistakenly believe that large corporations kindly donate their products to food shelves (via the big regional food banks like Second Harvest for redistribution to local food shelves) out of the goodness of their hearts. In reality, what happens is that the Farm Bill provides for an "enhanced" fed tax credit equal to cost + 50% of retail value for items "donated" to food banks. This form of tax credit means the corporate food suppliers actually are getting paid (just like the former child tax credits issued checks) amounts that are probably pretty close to what they would get by selling their products to retailers. The bonus for these corporations is that this is a profitable way to unload products that do not sell and that are close to the sell-by date or even significantly beyond the sell-by date.
Some corporations even package products specifically to go to food banks which are heavily processed and filled with cheap unhealthy ingredients no one would choose from a grocery store shelf.
Because corporations in this country have a mandate to increase shareholder wealth above all else, unless these companies are actually making a profit from "donating" products, they could actually be sued by their own shareholders. That is why they make sure that every "donation" benefits their bottom line and that is why food shelves are full of unhealthy, heavily processed products with inferior ingredients that contribute to chronic health problems like diabetes, obesity and heart disease, and many are also past their sell-by dates.
Let's stop pretending these corporate food giants are being nice to the food insecure and expose that they are making money off of the most vulnerable members of our population. As an example take a look at the fabulous new Second Harvest food bank building in Mpls that has Cargill logos all over it. The fact that they control these food banks is obvious and they are controlling them because it is profitable for them.
We need accountability from the Farm Bill. Make it work for people and small farms, not food conglomerates and factory farm corporations. Stop the siphoning of tax dollars into unhealthy foods with high profit margins that translate into cheap, unhealthy ingredients that add to the chronic disease epidemic. If the enhanced tax credits are going to continue, at least limit them to products that meet minimum nutrition and safety guidelines.
There is no mandate to increase shareholder value under U.S. Law. It's a social expectation, not a legal requirement.
@@Exilis Each of these videos asks viewers to leave comments on topics they would like to see covered on this channel. If you have a problem with that, take it up with them.
This happens to be an issue that affects millions of people and is contributing to the chronic disease epidemic in this country. It is a prime example of corporations manipulating the system for their own profit while pulling the wool over taxpayers's eyes. It needs to be exposed to put a stop to it, just like other topics that viewers request to be covered. The purpose of this channel is to inform viewers, not keep them in the dark.
This was a great informative read. That being said, I won’t hold my breath for political parasites to turn their backs on cargill (or whatever other conglomerates) . I sometimes think and wonder how many laws and regulations are written to favor these big companies. And it’s both sides of the aisle. Corporations and governments that foster them are intertwined immensely.
@@thugpug4392 Any corporation can be sued by its shareholders for not maximizing shareholder wealth. That's a mandate.
@@dao8805where is it mandated that corporations have to maximize share value? Where is it legally mandated?
All of these rich people in corporations need to pay our taxes for a while. They want to get by without paying taxes. And then, when people want to make a decent wage, they want to double the price for everything they sell. Because they're too greedy to take a penny less. This country was created with good intentions but it has gone straight to hell with all these assholes in washington and these business men lawyers.
SPOT ON
I agree. The way the system is rigged in their favor and against us is the result of the duopoly's economic policies and the corporate capture of government agencies that are supposed to be regulating corporations and protecting tax payers. RFK Jr is the only candidate calling this out and committed to unraveling the corporate capture, leveling the field and rebuilding the American middle class that has been hollowed out for decades by unfair tax policies and more. .
Rich people pay most of the taxes in this country. 200 million people earning 60k a year woundt be able to fund even 10% of our governemnt. Rich people pay more than poorer people. who cares if the tax rate is 20% that is how much most people pay in taxes anyway its all proportional. Secondly those tax dollars arent your money they are the governemnts money and they have a whole IRS armed force to prevent you from gettting .00001 of that money. YOU ARE NOT ENTITLED TO THE PROFITS OF BILLIONARES. the left lie to you buy saying taxes are your money when they arent your money the governemnt owns the money and they use violence to keep it.
Amen!! 🎯
What is wrong with letting people keep more of their own money? Allowing people to keep what they earn is what America was founded on. The American revolution was really a tax revolt. People didn't like seeing their money disappear and given to some king across the ocean. Taxation is essentially theft. Taking money by force from one person and giving it to another without getting anything back in return is theft. People revolted against that theft and that is how America was born. Of course over time assholes did ruin it. If people weren't assholes we wouldn't even need a government at all. There is always going to be people who lie, cheat, steal, and murder to get what they want. Then we need a government to protect us from those assholes.
The new American dream is work two jobs and live in a car and dwell in debts. Financial security has been on my mind lately, I have a lump sum of $500k set aside to invest . Should I continue saving or go ahead and invest in precious metals.
My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.
At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.
think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Vanguard will manage your money for a very small fee.
Anytime I hear companies say that cutting 'their' taxes will allow them to pay 'their' employees I would have them immediately thrown out.
REGAN!!!! Its always Regan
Reagan is the one who opened the doors for neoconservativism and neoliberalism, aka corporate rule.
It is Reagan not Regan.
because he was in on the beginning of NEO libralism (also called Neo-Con). The Powell memorandum.
Little Ronnie RayGun
Don’t forget who his VP was. Not necessarily all Reagan.
Wanna know tge equation used by billionaires and corporate leechs?
Socialize losses x Privatize profits = BILLIONAIRE
The Laffer curve is a stupidly obvious concept with no real implications for what it was used to justify. It literally implies nothing about what the ideal tax rate should be.
This is why economists are the only people who think economics is a science.
And it turns it out to be wildly different for different countries. Estonian income tax is a about a flat 25%, and that's with it paying for stuff like national health care and free college. Estonia is also the perhaps the only nation where the entire government is computerized across all levels of administration to the point where there aren't really any staff costs apart from the dozen or so IT staff.
Estonia is also a very small nation, which contributes to low costs of running a government
In theory, you can sustain the American government with a flat ~10% income tax, but only after tearing down 200 years of red tape and computerizing everything, just like what Estonia did back in 1995. The only cavet is that the process of digitalizing and computerizing something like the US government would temporarily triple the federal budget for 30 years
@@Demopans5990there's no need to do a flat tax.
Its worse. The Laffer curve does imply an ideal tax rate, but its the opposite of what conservatives argue it is. Economists estimated this ideal rate to be 83% tax rate (and that's an unavoidable unloopholed real tax rate). eml.berkeley.edu/~saez/piketty-saez-stantchevaAEJ14.pdf
“The richest person is not the one who has the most, but instead, the one who needs the least”.
...Because he has the most, lol
Well I just drove by several Rich People camping under a bridge.
“Money doesn’t bring happiness.” - Some rich guy
@timetowakeup6302 Very powerful statement, well said. Im impressed.
@@HTCM8FLY It's a very placating and ill-defined statement. "Needs" and "wants" exist on a spectrum. Also, people's perceptions of their needs and wants are not identical to their "true needs and wants". That makes one's sense of wealth largely subjective and individualized. Yet perceived fairness of wealth distribution only makes sense if there is a measure of wealth that can be objectively determined.
wealth inequality means INFLATION
exactly!
I'm telling you guys just give me all the money and your life will be better.
The common sense perspective should have been when have the rich ever cared about the poor? Reagan was the beginning of the end of the middle class in this country. The vast separation of wealth created was on purpose. Economic inequality breeds crime and we had expansion and privatization of the prison system. Think it's a coincidence?
What is middle class? Does a farmer with a 1 million dollar farm with 16 employee that make 100 000$ per year in profit is in middle class. Does a office worker working at 40 000$ per year is middle class? If he works at 30 000$ he is poor but at 31 000$ he is middle class? The middle class is a myth invented by politician and propagandist to fool you. In the world, there are annuitants and there are workers. The cronies hate workers and love annuitants.
Downhill started in 1980. Thanks to Milton Friedman, Art laffer, dick Cheney, Donald Rumsfeld and Jack Welch
Tax Corporate Gross Profit. Why can they deduct expenses from their taxes, but the average person can't. Corporations have more rights than the average person.
I agree. Even sadder than that is the distorted notion that corporations ARE persons. That is how they have gained the upper hand through the courts. It needs to be reversed and RFK Jr is the only one talking about this.
@@dao8805 you mean the guy whose main supporter is also Trump's? uh huh sure
@@Ryan-Fkrepublicnz Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real.
RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP.
Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley.
In terms of integrity, Biden cannot hold a candle to KENNEDY.
@@Ryan-Fkrepublicnz Apply the same kind of scrutiny to Biden's supporters. Do you really think that people who donate tens and hundreds of millions to Biden expect nothing in return? Get real.
RFK Jr 's campaign is operating on a shoestring compared to Biden's and he is the only candidate who can BEAT TRUMP.
Of course there will always be donors who will put money on the candidates they see as likely to win, but it will be a rude awakening if any of them think they are going to get favors from RFK Jr. He is literally putting his life on the line for what he believes in while Biden has turned down his request for Secret Service protection at least five times but authorized it for Nikki Haley.
In terms of integrity, Biden cannot hold a candle to KENNEDY.
@@Ryan-Fkrepublicnz Do you want a candidate who can DEFEAT TRUMP or not?
RFK JR can do it. Biden can't.
And who collects the interest on all that national debt? The wealthy do.
UBI for the Rich
Please do a piece on glass steagall and how we have three major banks now since it’s repeal
🎯
YES !
We need to bring back Glass Steagall
You can thank bill Clinton for that repeal, you thank the scumbag for nafta to
Don’t forgot the Telecom Act of 96 and the CFMA of 2000. These guys never go after Bill Clinton. He was just as bad as Reagan.
@@dao8805💯💯💯
It's amazing how these people think we can have a country and not pay into it. Stupid.
It's pointless to make arguments for who to **not** vote for, because there's not a single argument to be made for who to vote for anyways.
And it's not like who we vote for actually matters, we all know the federal government supports election fraud.
That's the truth.
😂😂
Get ready for the *ORANGE Man* after Nov5th
I am sure there are many arguments depending on what issue you are talking about. But in any case this isn't a political ad, we are just discussing an issue.
@@johnpoole3871 The video spends almost 10 minutes, between 5:42 to 13:12 focusing on a single candidate, and then ends with a dire warning about how things will get worse if they get in again.
Like, if you guys want to discuss an issue and NOT sound like you're making an ad for one of the corporate political parties, than you don't do something as silly as pretending that only one man is the problem, and then imply that if he's prevented from getting the win, and hence the other team gets the win, that the problem goes away.
I just cannot take anyone who engages in this team sports nonsense, seriously anymore. Like, if you're not convinced the whole system is corrupt, and that it doesn't matter who you "vote" for, because all of them serve the same elites, than you're not here for a discussion, you're here to cheer on your team and delude yourself in the fiction of clever marketing campaigns and single issues.
So if this video wanted to actually cut down to the truth of the actual issue, we should have seen a clips montage of every single candidate since FDR, and examined how both parties have continued to advance the exact same corporate agenda. We should have discussed how the entire thesis of this video actually stems from the one huge mistake no one is talking about: defining corporations as "people" and granting them the same "human rights" as us, which happened ages ago and which not a single political party will ever change or even talk about.
And as far as single issues go: these modern corporate parties learned, quite some time ago, to use single issues to manipulate us. Take gay rights, for example, which is an issue that directly affects me. Lots of people continue to vote for the one party, because of this issue, out of some misguided belief that this party cares about them and wants to protect them. Yet, nothing could be further from the truth.
Like with a Woman's right to choose, the party constantly proves how little they actually care about the issue of gay rights, because the moment they won the gay vote, by taking a lot of credit for things they didn't actually do, they decided to just leave it purposely dangling precariously within reach of those who would snatch it from us, rather than fight to codify it into permanent law, where it's untouchable... And why do they do that? Because as long as it could be lost at any minute due to the whims of the other party, they can keep ripping off our barely healed scabs and drag us back to the same issue, over and over again, where they can make their thinly veiled threats; that as long as we ignore every other trash thing they do and vote blindly on this single issue, than we can keep the temporary "rights" they so graciously have given us permission to have (as long as we're loyal to them).
It's the same with the issue of this video as well. That party will say the right things, and even perform temporary acts they can claim credit for (like the nonsense claim about "ending child poverty". What a joke!), but at the end of the day, both parties will always come back to serving Verizon and its owners, not you or I.
Anything over a billion dollars should be required to be redistributed into our economy (without work arounds). In contrast to a few video game franchises, the developers limit the total amount of money you can acquire. Why? Because they know you’re less incentivized to spend your money in order to progress. These billionaires are giant vacuums without regulations. It should be illegal.
Pharmaceutical companies can spend a billion easily on new research and get nothing but a failed idea.
It used to be illegal when the United States decided to create a middle class after WWII. That all got destroyed under Nixon. Business that hated government regulations, taxes and unions, got together with the bigots that hated the passing of the Civil Rights Act that ended segregation, the two created the Republican Party we have today. Definitely not about preserving anything in our nation, they are taking us back to colonial times, a type of modern slavery is what they have in mind.
@@jonathanjones3126pharmaceuticals that literally have a monopoly on the market because of government regulation and corruption mind you.
@@jonathanjones3126 they also overcharge for medicine it costs them 30¢ to make. Boohoo
@@jonathanjones3126 oh how sad, I guess I'll ignore the profits they raked in by getting people addicted to their legal heroine while saying it was completely safe.
I'm getting AWFUL hungry for some Billionaire Flambé
...I'll bring the marinade.
I’ve heard this here and I’ve heard the same there… but what I haven’t heard is HOW do we get our money back???
Become a ceo. There is a shortage. But instead of doing a job that pays more you will complain and tell someone else to do it then share the wage
By force.
At this point it is the only way.
Vote for the only candidate who is committed to unraveling the corporate capture of our government. The control they have exerted for decades gets everything rigged in their favor. That candidate RFK Jr. He has the most comprehensive plan to return our government to We The People, level the playing field and rebuild the middle class that has been hollowed out by the econonic policies of the duopoly for decades.
@ngf5077 yeah because we can all be CEOs. Simple minds create Simple solutions. Jeeeeesus.
@ngf5077 yeah because we can all be CEOs. Simple minds create Simple solutions. Jeeeeesus.
I remember when this bill passed my employer, a large corporation, gave all employees a bonus of about $1,000 (these are software engineers in NY making well over $100,000). They probably saved billions every year and all we got was a miserable $1000 once.
This is why education is so important !
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Christy Fiore ❤️
Thanks to my co-worker (Carson ) who suggested Ms Christy Fiore
She's a licensed broker here in the states🇺🇸 and finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
Can I also do it??? My life is facing lots of challenges lately
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of CZcams videos about it but I still find it hard to understand
The laffer curve makes some sense, obv, but of course, it's a false dilemma or a strawman. You raise tax rates *at higher income brackets*, and the outcome is, there is no point to paying a CEO more because it just goes to the gov. So you force the corps to actually pay out that to everyone else.
It in fact makes no sense, because it's based entirely off of wrong assumptions. The rich, as per usual, have no idea how people work.
Bingo! It's incredible how many Americans have zero idea how progressive tax brackets work.
Nope - They would become shareholders, the company would have no CEO just a board and their salaries are shares which isn't income yet but it is collateral for all kinds of other investments...
They've managed to get even more money and to shift evermore expenses on to the employees. 😳
Why do low income workers support Trump and MAGA republicans who don’t give a flying fruit loop about their lives? We need more videos just like this. Ty
As if elitist Democrats really care about workers. All parties support their benefactors -- rich people. That's why life isn't better under Biden.
because he used the social programming in their minds for religion (blind faith/ no logic needed).
It's the endless manipulation from Trump... He has an iron grip on his supporters it's actually scary. Many don't care he's a felon now. Many don't care that he's being investigated for voter fraud. Just look at what happened during Jan 6th. He's a cult leader.
Why do you think conservatives keep trying to gut education?
Read "What's the Matter with Kansas" by Thomas Frank. The phenomena he describes has morphed into a national epidemic.
You recognize "voodoo economics" when you see it lol
The question I'm left asking now is, how do we extract that wealth from the wealthy and redistribute it to the people?
Tax executives directly after profit distribution.
It will never happen in this life time
the media will call it
t e r r o r i s m
"stop buying expensive coffee and you'll be rich"
I mean, I'm a rich CEO and never buy a coffee outside of McDonald's. I could personally make an argument as to why that quote could be accurate.
Premium tea is cheaper than crappy coffee
@@nekotfarmeror for the same price you could by a coffee from a local place and help your community. Kind of shows that selfish mindset. Me, me, meeeeeeeeeee.
My friend spends $200/month on coffee alone and all the other frivolous stuff probably adds up to $1k.
They will never retire because they burn every spare penny they make😂
@@ObliviousMalodi This feels like projecting. What have you done for your community lately?
Scrump reduced federal taxes but never announced post Covid to change the rate back. I owed 1,800k that year with a child.
Same, i had to pay back the money the government deposited into my bank account.lol. Fk trump and the rest of the billionaires
Huh, turns out taxation really IS theft, eh? Just not the way libertarians think.
Cooperatives need to become the norm.
I dream of a time in the future where companies are owned by their workers
Most workers don’t want this.
They don’t like the idea of making nothing if there are no profits one quarter.
Cooperatives often can’t agree whether profits should be distributed as dividends or reinvested.
It causes contempt when hiring new workers because the profit pool is diluted.
Workers who carry more weight than others take offense at equal sharing of profits.
@@ngf5077well aaid
@@ngf5077 so literally all the problems workers are already dealing with now, except they'd have a say in how their workplaces are run, and the profits would be going to them and their coworkers instead of nonproductive non-working shareholders.
@@ngf5077at least they'd be about to make that call. The workers make the majority of the wealth they should have decision-making power
Only 💩 trickles down.
Your labor doesn’t trickle up, it is sucked up through a giant fire hose. The harder you work the more they get.
Imagine walking away from a company with $64million as if you deserve a dollar for leaving...
What needs to stop and end is corporate welfare and tax loopholes, like where one can donate to one’s own charity for the write off.
Corporations don’t use tax cuts to hire more people. They hire more people based on demand. How do you increase demand? Increase the purchasing power of the population - most effectively accomplished by cutting taxes on the middle and lower classes.
They are essentially rewarding corporations and the rich by not doing anything different so of course its just going to stock buy backs, executives bonuses. Etc. Not to anything productive in society.
Keep in mind, shifting the tax burden from the rich puts it on the middle class.
Our middle class started shrinking at the same time as the taxes were cut on the wealthy.
... Correlation may not be causation in many cases, but it partly is in this case.
These people are like the 4 horsemen of the economic apocalypse.
Corporate greed has for sure gotten insanely out of control in just the last decade.
And handing over $70,000 is more than some peoples salaries. Most workers are getting around $30,000 a year. So it's more than twice the amount of the average worker
Without yet watching the video I bet it was the Laffer curve?
Owners are richer than CEOs and do less work.
It feels like we are watching the season finally comminng up for the neo Roman Empire series
Tax cuts are the EASIEST thing to pass, especially when your population is under financial stress. Here's the playbook:
Tax Cutter: "Who here likes money?"
Americans: "WE DO!"
Tax Cutter: "Who doesn't have enough?"
Americans: "WE DON'T!"
Tax Cutter: "Who wants MORE money?"
Americans: "WE DO!"
Tax Cutter: "Then pass this tax cut! You'll be able to keep more of YOUR money!"
Americans: *"OK!!! WE WILL!!!!!*
Tax cut passes and it ends up benefiting the rich & corporations. (See 2017, and every single other previous tax cut.) If your actual TAXES don't go up, your service fees, surcharges, usage, overnight, entrance fees and everything else will go up. Staving agencies will then push to pass "unseen" taxes like county assessments. "But this 'measly $20 assessment' will help save the libraries/schools/parks/children/cute kittens!" So they pass.
Ironically, as more and more "tax cuts" pass, economic stress increases, making the passage of future tax cuts easier and easier!
Problem with the party system is it’s so easy to cater to the rich with policy it comes down to someone who is good for the rich or good for the govt and nothing really between
Before Reagan, my father's income supported NINE Children, his wife didn't work. Try THAT today after 40 years of supporting 2 types of freeloaders -> 0:45
I don't have enough thumbs to thank you for this video. I've already added it to my.... and THANK YOU for the Bedtime for Bonzo reference. I have that on DVD.
I was a fan of Reagan when he was elected , MSM urged me to do that ( hey, who owns them -> 0:45 ) I HATED Reagan before he left office, only paying close attention to what Reagan was doing plus some alternate media (including Playboy Magazine) helped with THAT.
Walmart is doing it now, no holiday pay, have to "earn" your ppto and pto, no bonuses. Hell, I've heard Walmart used to pay an extra dollar on Sundays.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio..
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Just research the name Angela Lynn Schilling. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This is disgusting. Glad to know that I never voted for Ronald Reagan. He’s policies are still hurting us.
The strange thing is that Laffer, Rumsfeld and the other one look like such honest and upstanding citizens. What went wrong?
they love money
Anyone else suddenly having an urge for French fries and French toast? Also start investing in the heavy metal sheeting, lumber, and rope industries
What why? I don’t understand
little debbies
@@ishanator3819French revolution
@ishanator3819 I assume it's because of the French Revolution and because Guillotines use lumber, a wide metal blade, and rope to function. It's a subtle, semi-ironic call to Revolution.
LOVE IT!!! Tres Bien! Merci beaucoup!!!!
Ever since Reagan I have felt something warm trickling over me. Rich people's urine.
As if Cheney and Rumsfeld didn’t land in enough hot water, they pull this.
Its always the same, they say they are gonna tax the rich but they tax the middle class.
How about this?
It could work if everyone incorporated themselves, so thst, no one paid taxes. You would be a corporation. And you would be an employee at your corporation. Your house, your car, your cellphone, your clothes, everything would be corporate property. Your electricity bill and you gasoline bill would be corporate expenses. You live in "your" house as an overnight watchman/wstchwoman. The corporation would provide meals as an exempted employee benefit. If you pulled a salary, just enough to live and have minimal entertainment, that would be another corporate expense. If your corporate experiences are big enough, maybe your corporation could get a hefty tax rebate. I do not have a clue where the money for rebates would come from. 😅
Interesting. We should definitely be able to deduct the same expenses that corporations do.
That would be tax fraud.
This is when they piss on you and tell you it's raining.
Greed destroys everything.
Just more evidence that life is worth losing. I am replaceable, expendable, undesirable, redundant. I have nothing to give. I don't matter. I don't care.
Help your community, make a difference on a small level. When we die the only thing we leave are memories.
Perception is so valuable . You won’t get the bigger picture until you dissect everything. And frankly, life is too short. I agree with the above comment. Focus on how you can make an impact, or maybe even leave a legacy to be remembered for like so very few people get the chance to experience.
You are valuable. So valuable, so much so that God would become a man and suffer the pain of death to save you from your sins.
You have a destiny in God.
A little ray of Sunshine!
Has anyone else noticed that both political parties are controlled by the same people.
Yes leftists have been saying this for a very long time
"Isn't it time we all got to put cream in our oyster stew?"
I'd be happy just having a little money left over after grocery shopping.
True quality journalism. But heartbreaking for all but the very wealthy - and accomplished by lies.
Vote in November!💙💙💙
The corp tax cuts also helped corps complete stock buybacks instead of using the freed up funds to invest in future revenues.
AT&T ran into difficulties with a merger that they did and then they had to spin it off. It was a big mistake that they made and that is probably the big thing that you are seeing in their case in terms of job cuts.
The issue with a lot of these pushes is we treat people like their helpless. You can lead a horse to water but you can’t force it to drink. We have the world at our fingertips.
Yes, because nothing motivates anyone aside from greed, sloth, or lust. Our economy is built around the worst of our impulses and actively stifles the positive, natural impulses we all have: community, mutual aid, camaraderie, and altruism!
Increasing average salaries wouldn't make you richer in a buying power sense. That's mainly about what you can buy with the money you have.
Like, the tariffs on Chinese products automatically make Americans poorer (more of an illustrative example).
In general, if you have more money, but production doesn't increase in a supportive way, the prices of everything will just rise, and you'll end up back where you started (or worse)
As far as it goes, the buying power of Americans has gone up... But things like artificially increased housing prices (due to government inadequacy), make it so that having more money doesn't actually make your life much better.
Also, trickle down is very dependent on your skills, and where you're working... Work at Google, and you get paid well. Unskilled labor becoming richer... Requires major shenanigans.
I am very grateful that I did not exist to witness "The Bedtime for Bonzo Era"
This manufactured outrage brought to you by whomever is paying MPU's bills
Please stop having music that makes it hard to hear the narration.
I've rented cars where the bass and treble and other knobs are set so out of whack that the radio was difficult to understand. Perhaps this is your issue? The music is there, but it's not at the same pitch as the narrator.
Anyone pickup on the fact that Reagan and Trump both misrepresented the goals as good for everyone, while it has only increased the wealth of the wealthiest?
Vote Democratic for progress, or vote Republican if you like job cuts and richer corporations.
Actually vote RFK because raising taxes isn’t the answer eliminating tax loopholes is.
A vote for RFK is a vote for tRump !
Back in 2014-15 I had been working on the alaska oil fields for about 7 years. They were pushing for a big tax break and advertised to all the oil field workers that it would help save their jobs. They ended up getting that tax break. Almost immediately afterward they laid me and many others off who’d been there for over a decade. It was their biggest layoff ever. I learned some valuable lessons from that.
Trickle down only ever reaches as far down as the ruling class needs to stay in power.
Close the stock manipulation loophole that corporations use to skirt taxes by buying back stock, which increases value of the stocks executives are paid in. Billions poured into buybacks now just imagine if that went into the economy and into increasing benefits/wages?, we’d be living in a golden era akin to the 50’s!
This is peak autism😂
That would be a great issue for MPU to cover in a video.
AGREED. END STOCK BUYBACKS. INCREASE TAX CREDITS FOR INVESTING IN SMALL BUSINESSES (not the 500 employee that the IRS defines small as)
The 1950s where only that way because most of the world was rebuilding from world War 2 and the usa had virtually no competition. People also struggled allt back then too.
Stock buybacks used to be illegal !
*You own nothing and are happy!*
More like we own everything, you wont own anything, and too bad!
We're doomed from both sides.
This is just their way to preserve wealth and have the poor pay for everything.
They should have everything taken from them.
Trickle down aka horse and sparrow.
This video needs more views.
Simple math. When Reagan took office. GDP adjusted for inflation 8.65 trillion. Todays GDP 28 trillion. Population 227 million then, today 331 million mostly fed and housed. Average income adjusted for inflation then $54,800. Average income today about $65000. So the real problem lies in the taxes on all your goods and income tax that is merely a way to keep you unhappy. Low corporate taxes are brilliant. The reason is simple, look at Hong Kong, corporations cannot stash or use money other than to invest. They are not a real thing they don't enjoy the dough. When the "rich" take out money you tax that but if you tax it too much they will not reinvest it here and neither would you. Your problem does not lie there. It lies with concentration of wealth in housing and in trusts and inheritance. If all money transfer, other than say 20k gift, was taxed and not shielded just like income your taxes could plumet. Additionally, if you got rid of sales tax and made property tax progressive dependent on cumulative properties, meaning that if you have a house on land it can be as big as you like and you pay low taxes but as soon as you acquire another property both go up and so on. That would force the housing market down and give you more money in pocket causing prices to drop on everything. In my opinion you are fighting for the wrong thing that will make you only progressively poorer which is what is happening.
More like we're all ordering off fast food value menus while billionaires are flying everywhere eating hundreds of dollars a plate
And they never have to worry about cooking their own food. They do whatever they want while everyone does all necessary chores for them. They are adult children
CZcams keeps recommending videos from this channel to me every so often. And every time I watch one of those videos, I feel insanely infuriated. That is until I remember that none of this affects me because I don't live in the US and my own country's policies are not that biased and unfair.
Which country do you live in then please? I'm in NZ
😂😂
0:08 Randall Stephenson hasn’t been the CEO of AT&T since 2020. It’s John Stankey.
no one hates paying money more than corporations and those who own them. its unfortunate that these are also the things most capable of avoiding doing so. funny how that works.
i would pay 15 cents not to have to eat oyster stew
Don't forget, you can also avoid paying income tax if you're poor enough