@profgalloway.com he sure is! If he has the means, he’d be better off settling down in the EU or China and not this country. The Trumplicans are intentionally wrecking this place and making it a neo-feudal state.
Please spare me. This is not a transfer of wealth from the young to the old. Most elderly people are living in poverty! This is a wealth transfer from the bottom to the top. Let’s give these monsters another scape goat to blame so they can confiscate more wealth to themselves.
It IS a class thing, but this young man is completely correct in that though we of the middle and lower classes will be damaged, the lasting damage will be to our children and grandchildren. We are literally spending our descendents money, those of us who allowed this to happen politically.
It is welfare for large corporations and massive tax breaks that is threatening our young and old, robbing all Americans of of the security of affordable healthcare education housing etc. Funding social services does the opposite!
We have not been spending our descendants money. Your false logic is dangerously causing resentment for crucial social services. Since Reagan we have granted massive tax breaks for the wealthy. This started the transfer of wealth and the demonization of social programs. Tax cuts have caused our debt
I agree this started with Reaganomics. I never said that the crucial social services was the problem. The problem has been, since Reagan, the oligarchs not paying their share of taxes. Somehow that became "conservative economics." Make no mistake, I understand and do not agree with trickle down.
Scott, love the pod, but you guys are focusing on the wrong shit.....the deficit is not the problem, public debt = private sector assets (or f'ing cheap capital from abroad), but the composition of the deficit. investment GOOD, more cash for rich people BAD
Not sure what u r talking about. The problem with a higher debt is the increase in interest expenses paid by govt and ultimately a risk of increasingly high interest payments required to cover expenses and run govt.
if you're just increasing debt without productivity that would be a problem, but if you are financing investment that increases productivity then your debt servicing declines as a percentage of gdp.
When servicing the debt outpaces other expenses, it’s a massive problem. I don’t except that I’ll ever see a dime of SS, despite paying into since my teens.
And we wonder why younger adults have little interest in forming households and having children. They KNOW no matter hard they work they are working only to support billionaires.
Very well spoken and prepared, plus he's got the hair thing down. I think I may have worked briefly in a company his father invested in about 20+ years ago.
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The future…
This is NOT sensationalist, conspiratorial nonsense. Whitney Webb's one of the best investigative journalists on the planet.
IF you thought Israel was bad, wait until you see this.
https://www.youtube.com/watch?v=kNOTfBiapIo
https://www.cbsnews.com/news/how-jewish-american-pedophiles-hide-from-justice-in-israel/
(just kidding. I love the podcast)
Maybe your generation needs to get the hell of social media & start paying attention to REAL LIFE