I am in my seventies and I know there is absolutely nothing defensible in terms of age regarding trump. trump is a vile, malignant narcissist whose thought patterns are nothing short of the criminally insane. Not a factor of age, rather a factor of character.
I think we need to focus on the most important thing: that’s SAM REICH’S DAD! (Now please continue watching. He’s been fascinating for decades. And check out Dropout. We all need more harmless joy these days.)
Let’s go back to stakeholder capitalism where labor shares in the profits and abandon shareholder capitalism, where only the rich get richer and the poor get poorer.
Also let’s amend the tax law passed during the Clinton administratiowhich capped deductibility of cash compensation to executives at $1 million and conveniently excluded all “performance compensation“ (ie stock options).
after this change, corporate executives ran corporations, quarter quarter and not generation to generation.
Let’s reverse the deductibility. All Executive cash compensation is deductible and let’s cap performance compensation at $1 million.
once we have wealth concentration, it’s very difficult to figure out how to tax it distribute, etc.
The govt creates money and issues it upon authorization by Congress. Since it creates money, it does not need your tax money to be able to spend on whatever it is authorized to fund. The Federal Reserve digitally credits appropriate banks who, in turn, credits the appropriate recipient. This is all new money. The primary purpose of taxes is to reduce the spending power of consumers whose demands for goods and services would lead to inflation. Taxpayer money is entered on accounting spreadsheets where those reserves are debited and extinguished. The creditor (govt) considers the taxpayer redeemed. No money is left on the books for the govt to use.
I’m 75 years old and I can identify many ways that trump is failing. My father had Alzheimer’s and trump displays many of the Alzheimer’s symptoms my father had.
The process of impeachment and 24th Immedment approach can be speeded up by impeachment of the Cabinet. The highlight of what they have been asked to do that are illegal and destructive acts. This will show up as difficulty caused by lack of leadership and control from the Whitehouse. Nobody is stealing the ship of state appropriately. Trump will hide behind the faults of his Cabinet when the focus is on them one by one and he will fire them all, one by one.
The impeachment of Trump will be exposed one by one. He will resign or be impeached after the worse is exposed to the public.
I am in my seventies and I know there is absolutely nothing defensible in terms of age regarding trump. trump is a vile, malignant narcissist whose thought patterns are nothing short of the criminally insane. Not a factor of age, rather a factor of character.
Totally agree!!
Robert Reich is only 10 days younger than #47? The difference is very noticeable.
David I admire both of you!
Get Bernie and Zohar involved!
I think we need to focus on the most important thing: that’s SAM REICH’S DAD! (Now please continue watching. He’s been fascinating for decades. And check out Dropout. We all need more harmless joy these days.)
Let’s go back to stakeholder capitalism where labor shares in the profits and abandon shareholder capitalism, where only the rich get richer and the poor get poorer.
Also let’s amend the tax law passed during the Clinton administratiowhich capped deductibility of cash compensation to executives at $1 million and conveniently excluded all “performance compensation“ (ie stock options).
after this change, corporate executives ran corporations, quarter quarter and not generation to generation.
Let’s reverse the deductibility. All Executive cash compensation is deductible and let’s cap performance compensation at $1 million.
once we have wealth concentration, it’s very difficult to figure out how to tax it distribute, etc.
I prefer to deal with the system.
Would love to hear your thoughts Professor Reich.
He is incapable of feeling empathy. It’s actually a Psychiatric Dignosos acknowledged by the Medical DSM-R used by Psychiatrists.
Happy (24th )🎂
The govt creates money and issues it upon authorization by Congress. Since it creates money, it does not need your tax money to be able to spend on whatever it is authorized to fund. The Federal Reserve digitally credits appropriate banks who, in turn, credits the appropriate recipient. This is all new money. The primary purpose of taxes is to reduce the spending power of consumers whose demands for goods and services would lead to inflation. Taxpayer money is entered on accounting spreadsheets where those reserves are debited and extinguished. The creditor (govt) considers the taxpayer redeemed. No money is left on the books for the govt to use.
Liver and onions yummy yummy when then go wendigo sees
Trump needs to go before midterms some stuff you can avoid happening by getting rid of his a… right now because he’s not going to go willingly
I’m 75 years old and I can identify many ways that trump is failing. My father had Alzheimer’s and trump displays many of the Alzheimer’s symptoms my father had.
The process of impeachment and 24th Immedment approach can be speeded up by impeachment of the Cabinet. The highlight of what they have been asked to do that are illegal and destructive acts. This will show up as difficulty caused by lack of leadership and control from the Whitehouse. Nobody is stealing the ship of state appropriately. Trump will hide behind the faults of his Cabinet when the focus is on them one by one and he will fire them all, one by one.
The impeachment of Trump will be exposed one by one. He will resign or be impeached after the worse is exposed to the public.