PRICE CONTROLS? KAMALA Unveils New Economic Agenda
HTML-код
- Опубликовано: 12 сен 2024
- Use discount code DNCFREE for one trial month of Breaking Points PREMIUM at breakingpoints.com for EXCLUSIVE content, LIVE AMAs and more!
Saagar, Ryan and Emily live from the DNC discuss Kamala's newly unveiled economic agenda including price controls?
For support connecting your locals account, contact us at breakingpoints.locals.com/contact
Merch Store: shop.breakingp...
Subscribe to Ryan's DropSiteNews: dropsitenews.com/counterpoints
To listen to Breaking Points as a podcast, check them out on Apple and Spotify
Apple: podcasts.apple...
Spotify: open.spotify.c...
#news #politics #youtube
It's really nice to actually be talking about policy for once In a long time.
Haven’t they been in office for 3 years.
@@GraavyTraainand done nothing.
But there is only one side that will actually implement their proposed policies.
“The RADICAL Left DemocRATs, Sleepy Joe, and Commiela Harris” ~ Trump, 4 am on Truth Social
Yeah. It only took them three and a half years to do it.
Literally currently in office: “Here’s what we’ll do if we’re elected!”
Bruh, do this shit NOW!
She is VP, not President. Did you see Pence being able to do shit. When are you anti Kamala people gonna come up with legit reasons to be against her rather than making up powers that she doesn’t have
@@bruce_bison the vice president has no executive power at all. all the VP has the power to do is break ties in the senate. if biden doesn’t want to do it it’s not happening.
Remember when Biden promised $2000 stimulus checks on the first week and then Jen Psaki gaslit everyone about it, and they never even considered it?
That’s the playbook.
She literally has an opportunity to make real change AND improve her chances at the polls. But she aint do shit. She wont do any next time either, if there is one
Last I checked, Biden is president. He is done. Kamala is campaigning. Nothing said here was wrong.
Telling folks to let the free market work itself out at the same time the govt. heavily subsidizes an industry is nuts. US needs radical levels of antitrust action to unlock value and increase competition.
They could stop approving all the mergers, but what would happen to their investment portfolios... Hahahahaha
@SSteacher95 have you thought about the poor, poor investment bankers who won’t be able to do M&A transactions anymore 😢
The US is currently in a new era of antitrust action. Google, Facebook, Apple, are all being sued by the government. Google/Alphabet WILL be broken up within a year. Watch.
it wouldn't matter, you could deregulate everything and take away all the subsidies. Nothing will save capitalism from itself. Its a garbage system at is core.
The problem is half the country thinks regulations are bad.
I remember when the dems said inflation was transitory, Trump was a Russian, and Biden was sharp as a tack.
Pepridge Farm remembers
I remember when the Dems said they will do a huge infrastructure bill, lower pharma meds, expand Medicare, and bring back manufacturing to the mid west and they did all those things 🤷🏽♂️
Lol Sagaar and Krystal also said it was transitory
@@noorkidwaithey didn't lower meds😂 what are you talking about
@@noorkidwaiand the "infrastructure bill" did nothing for infrastructure.
You're the type of person that thinks the name of the bill tells you what's in the bill 😂😂😂😂😂
"first time home buyer" doesnt actually mean first time home buyer. It means something closer to hasnt bought or owned a home in the last 7-10 years for tax purposes.
Sabby Sabs channel has a great content talking about this specially about the program.
As a home owner, I also know this to be true. About to buy my first home for the second time.
"Have not purchased a house in 7 years and have not lived in that home for 90 days"
And "first time buyers" includes noncitizens as well. Buying votes with taxpayers' money. Commiecrats at it again.
That's so ridiculous. Given the state of the housing crisis and homeless crisis, people should not be buying homes that will end up vacant, and they especially shouldn't be getting subsidized to do so
@@thehumanity0 homeless people are homeless mostly by choice
They can promise all they want, they do not have the support in congress to get any of it done. Let us not forget, they had 50 years to codify roe v wade and promised to every election cycle.
Harris will win the House and Senate while the GOP scream "but TRANS people !" and get it done.
💯💯💯💯
💯💯💯💯
Then vote out the congress members that are blocking this type of legislation
@jamesbennettmusic2154 well most of America wants some limitations to abortion. About 75% do not want abortion for any reason at any time.
Someone take that drink away from Sagar. My mans is talking faster than Ben Shapiro. LOL
Now I can't unhear it lol
Lol. He’s a little TOO rested
Haha, I thought the same thing
Another reason why RFK is not allowed to be heard, his ideas for the housing will give market purchasing power to the younger generations
nobody is voting for him, his support dried up, he was an alternative to Biden for disenfranchised Democrat voters, Dems got Biden out of the way, they have Kamala now, now those former Dem voters who didn't want to vote for Biden can vote for Kamala, therefore RFK Jr support has dropped off a cliff.
Can you elaborate? I've read his policies and didn't get that. I'm not at all going to be combative. I promise. I'm genuinely saying I never heard or read this. I was considering voting for him for a long time but this isn't actually one of the things I learned.
The housing issue IS one of his main points. I think he’s mentioned a strategy involving housing bonds as well as getting the corporations out of the industry
@@alyssumn3884 our housing market is artificially inflated and controlled by nearly half of all housing be owned by corporations. We know this, but no one in government will ever bring light to it. One of numerous topics where he's poked a hole in the veil, and the establishment lost their minds.
If houses are selling for $600,000 and you start giving people a free $25,000 as a down payment….those houses will start to be listed at $625,000.
Democrats have zero understanding of economics.
$600,000? I live in northern California. I'll take 2 at that price!!!
i mean wouldnt that still help people? having down payment is the hardest part
@@domikatznot in the long run, that’s how we find our way to another 2008 mess
Or houses worth 350 now are 375, and you still cash out
Emily does this thing a lot that instead of having a position on a subject she intellectually talks about the Right's position as if it is an essay in college. Saagar ask her opinion and she gives an essay which actually doesn't say her opinion. She does this on a lot of topics
She is not a conservative. She holds ZERO conservative values.
Her and saager are "conservatives" in name only for the purpose of making this channel "fair and balanced".
She’s probably an ENTP lol.
Being uncertain about a solution is a sign of intelligence IMO. Some issues are complex, and both sides have good points for and against them. Only fools are 200% sure of their positions on any and all issues.
@@Bansheee-p5o Exactly. ENTP.
@@user-vg5oh2pv2o she is not a conservative. She is playing a character.
This is like an unqualified firefighter proposing a plan to put out a fire that they started themselves.
Lol Saagar and Emily are hopped up on energy drinks.
is that a new sponsor or something?
lolll
Price Controls = Loser idea.
No Congressional Stock Trading = WINNER!
Lmaoo
These are both winner policies
Well Congress probably doesn't like the idea of being told they can't trade stocks... so like last time... it's just blowing smoke.
@@MrMessageWriter it's only blowing smoke until it isn't.
She’s not saying price control…she’s saying in case there’s another national crisis, there will be no taking advantage of people by jacking up the prices….in other words…if a carton of eggs cost you $2 today…it will cost you $2 tomorrow….the big food cartel can’t jack up the prices for greedy profits. And if they do? There’s a penalty! Seriously people, everyone is saying crap like she’s price fixing for nothing. NO, it’s in case of the worst national disaster.
They can literally do this now. They also had 3 years to do this lmao
no they cant, cause the GOP block it every time. Get informed
This doesn't get enough coverage. The go-to excuse I've seen is that she's the VP, not president, but the president is supposedly on board with her platform and she praises him on how great of a job he's doing, so either she is lying or he is lying or they're both intentionally holding back on economic relief for the population in order to get elected. There is no alternative to these three scenarios.
The Vice President doesn’t make policy she’s just President in waiting and the tie breaker in Congress
Who is the “they”? Harris can’t. It’s interesting you think she’s got the power of the presidency already.
It's just marketing. Has nothing to do with what they will do in office.
They left out the proposed investigations and bans on software that artificially increases housing rental prices. All great stuff
how do you artificially increase rental prices? You list a price, if somebody is paying it, its a real price.
@@godfathaofyo There is a natural supply and demand market. Some markets have landlords that work together to raise prices collectively, like how some manipulate the stock market. No one should be ok with this.
@@godfathaofyoit’s been proven that most landlords (about 80%) use websites that require the landlord give control of the price of their units to the website, which then uses an algorithm to fix the prices across the board. It’s literally price fixing software. Modern day version of price fixers getting together in a smoke filled room and fixing the prices in person.
the thing is....... you dont have to use software to artificially increase prices, oligopolies and monopolies have existed since the beginning of time.
Not a realistic understanding of the rental market. I've been doing this 8 years now. Oh and don't think it pays big if you're a small business. I take home about as much as someone working at Taco Bell btw after all the bills and taxes. And its a lot more work worry and hassle than you think. Cleaning up trashed apartments toilets and refrigerators after people leave over and over is not the most glamorous work either.
If you list an apartment and its too high, people rent somewhere else.
What raises rents is when all the little landlords go out of business. Like during the Pandemic, if you remember. See the board game "Monopoly" for further details.
Oh and rent controls lead to monopolies. The bigger outfits have deep pockets. They can survive the rent controls until everyone else is wiped out.
Also landlords do not work together and likely don't even know each other. When two have a vacancy in an area at the same time, they're both losing money every day it sits vacant. They're paying taxes and utilties on the building, and likely dumping a ton of money and time into cleanup and renovating in a big hurry to get it on the market. Its very unlikely both will get done and post at the same time. Even if they did they're not going to agree to both charge more so they risk sitting vacant longer. Would you?
I'm from Argentina, so I know a thing or two about price controls. They *NEVER* work. They don't reduce inflation and they create a ton of issues such as shortages. Sellers will simply sit on their stock (especially things that don't expire for years) and won't sell it unless they can sell it at the price they want. It's just a TERRIBLE policy that has never and won't ever work.
This was so interesting thank you for sharing!
Maybe learn more about your own country before coming here with dumbass economic takes. "the Argentine government nearly quadrupled the amount of money in circulation over a 30-year period."
Except the policy in question, which is a national law banning price gouging during disasters or extreme events, isn't the same thing as price controls.
Not only that, but you actually don't have to go to Argentina to see them in action because they already exist in 37 US states as state laws and all of that doesn't happen.
This is not a p r i c e c o n t r o l
I understand your concern, but this isn't price control
I'll give an experience from Australia. Back in 2000 the government overhauled the tax scheme with a GST and part of that was a $7000 First Home Owner grant who new home owners (which went up to $14000 if the house being purchased was a brand new house under construction).
Home prices jumped up $7000 even before the scheme came into effect. The only people who won were the real estate agents.
in the US we have a more recent data set, the $7,500 tax credit for purchasing electric vehicles, all of a sudden the prices of EVs increased, almost precisely by $7,5000
Break up the food companies snd to create competition. Stop subsidizing ultra processed foods and continue to subsidize fresh fruits, veggies and meats. If we manage to get people to eat healthier, our overall dependence on pharmaceuticals greatly diminish.
Also making the child tax credit more will assist families and help people start families. The tax credit alone will greatly help with the cost of food.
Housing is a supply/demand issue, but the raw materials are crazy high too. If the demand goes down, the companies will just build less, because they aren't going to build houses at a loss. Companies buying homes should be regulated, but good luck getting that passed while every politician in the pockets of Blackrock, Vanguard and State Street.
If you don't know what the f****** problem is you certainly can't solve it........ And obviously you don't
Instead of getting a “tax credit”, why not just lower the tax burden on people to begin with? A “tax credit” you get back until the end of the year. Why does the government need to take it out of my paycheck and hold onto it all year long just to give it back to me 12-14 months later?
If the government subsidises any industry they should have input to consumer pricing !! This a no brainer
Why should we subsidise meat?
It's crazy expensive to produce, especially red meat, it's not very good for you, it wrecks the environment and at scale, it's very cruel.
@@SeiyaSoiya-un4jjbecause roads, schools, the police, the legal system, the welfare state, healthcare, defence, environmental protection, etc etc etc
I still cant get over the fact that someone who wasnt nominated is running for president.... we ain't in America anymore.
And chances are she might win. Literally proof that NPC’s are walking among us.
She will be at the end of the week.
I would like to congratulate the Democrats for thwarting the democratic process for a third primary in a row! A true victory over the peasants people!
Also she was technically she was part of the Biden ticket
@raybcross1 how many people ppl voted for her to be? Lmao party of democracy my a**
Hey Blackrock here is another $25,000 for price gauging on homes and rent.
Good thing there'll be a law against price gouging along with the subsidy to the homebuyer then.
Shoutout to Ryan for calling out Saagar for being disingenuous about “illegals” getting this housing subsidy. Saager had to eat that one up
what do you mean, the left would gladly do that. They already house MILLIONS of them for free every year and are inviting more to come in.
Except it's not. It wouldn't apply in California or Minnesota, where they have an ID and property rights
It’s not illegal immigration, it’s human trafficking at this point. These people aren’t just wandering across the border, they’re being driven there in trucks and being picked up on this side of the border.
Luxury hotels in new york for illegals isn't considered free housing now?
$25,000 is just going to increase the prices of home in the 500k range to 525k. Don’t be naive.
Why wouldn't it? If I know the govt is giving people 25k to buy a house, I'll raise my price too considering there is an inventory problem. You fail economics in school or what?
@@mostlysunny582 You don't need to be that intentional about it. You'll be getting pricing advice from a realtor, and you'll have multiple interested buyers in this market (more with the subsidy). They'll be throwing the extra $25,000 at you in their offers.
@@payleryder45 Heck, the price will probably go up considerably more than $25K, because the sale price is all about the down payment, worry about paying it off WAY later...
So what you're saying is that if we don't give people that money then prices will NOT increase? You're the naive one here pal lol
@@omgeoh Why not give them $250,000 instead of $25,000? That's better, right?
Then the price of housing rose $25,000 🤯🙄
Housing prices are a result of too many people trying to buy houses while simultaneously having too little homes available. Our housing crisis is literally the result of the capitalist mindset that Reps keep saying they support
🤣🤣🤣 sellers don't know if you get the Money from subsidies or not. Not all homes are first time buyers little bruh.
@@RunForPeace-hk1cuthese people are not smart they just parrot the drivel they get from the most basic analysts
@@RunForPeace-hk1cuwhat
@@RunForPeace-hk1cu no only that they've had programs like that before and that didn't happen
Saagar still doesn't understand that printing money and dropping it out of the sky is inflationary. This is what a degree in economics will get you in America.
Saagar: "Ryan I'm curious what you think." *Continues to ramble on about socialism for the next 3 minutes and then lets Ryan speak for literally 30 seconds*
My father used to say, "Don't tell me what you're going to do, show me what you've done."
Trump had for years and yet you’re fine with it.
@@CG-bv4of Yes and things were far better. That's the point. That's the whole point.
But what if she hasn't done anything?
@@payleryder45 hmm and you stop counting when it hits 2019 when he was flying high from the Obama ground work and the only legislation he passed was tax cuts for rich then drove the country into the ground with Covid. Drink bleach. Got it 👍
@payleryder45 then you decide if you want to take that chance or not. What did she do as a prosecutor, senator? Who are her biggest donors? Who is she bringing into her potential administration? Who do they represent?
Price fixing for food has led to famine since it was tried in ancient Rome.
The whole panel is so painfully ignorant my god.
That’s the case when an economy is working according to normal supply and demand influences. It is not the case when price gouging is artificially inflating prices.
We're talking about price CONTROLS, not price FIXING. Which can mean (a) breaking up monopolies; (b) adding supply, and yes, (c) putting floors and ceilings on how much you charge a customer. And yes, that works. Suggest you look up FDR's policies that ENDED the Depression for your own homework. Only when food scarcity is a real issue does it lead to famine. When food is plentiful...and I might add, massively subsidized by the government...and yet, withheld by greedy people knowing you'll sell a kidney to keep your kids from starving...price CONTROLS are a no-brainer.
Milk is price controlled. That's the one item in grocery stores that hasn't radically gone up in price.
@@Kaddywompousthere is no price gouging. You're being lied to
@@MrGgabber Dude, there is literal video of executives talking about using inflation as a cover to raise prices.
Sagar calling Vance a genius for saying the home credit is going go to illigals in order to attack Kamala is wild 😂
I forgot how dumb Sagar is 😂.
It doesn't have to be true to be a genius move lmao
4:16-4:30, look, I'm moderate, don't even have kids and can acknowledge the Child Care Tax Credit was the single best thing this admin ever did. Until Pelosi had it expire.
All the covid benefits should've remained indefinitely, that's how we got in this mess in the first place & why Biden's numbers took a nose dive - people felt like their standard of living lowered considerably and it did because those benefits were only made temporary to begin with
@@thehumanity0
Those “benefits” are responsible for the inflation and economic situation we’re in right now. That’s what happens when you go from $4 trillion to $18 trillion in circulation.
@@SeiyaSoiya-un4jjpartially responsible. You should go look at the M1 money supply chart or Federal reserve balance sheet and how much was printed between 2019 through 2022.
Helping people with kids is both a moral and financially beneficial policy I cannot even begin how good it is. - I don’t have kids but I get it. I’d it’s hard for me- can’t imagine how hard it is supporting kids.
@SeiyaSoiya-un4jj those "benefits" have next to NOTHING to do with inflation or the national debt. Check your deep state, who they love the most above all Americans, and who they let get away with the most crimes: Citadel and JP Morgan. They are literally the cause of all this.
I love the chemistry between the 3 of them. They are all very thoughtful when it comes to their opinions and openness to listen to one another. Very refreshing!
I live in an area that has quadrupled in population in the last 30 years. They put house faster than you can blink. Building housing is not the issue. Building homes under 4000 sq ft. It the issue. The bigger the house the more money the builder makes. Where I live there are affordable house but the last one was built around 1980. Our local zoning board, school district and political leader have no interest in building home with low tax bills. As long as the market will support high tax homes, nobody in power will embrace anything but.
High-tax homes...and just the luxury lifestyle around real estate in general. Have you ever heard of any real estate firm saying: "we're helping to solve the homelessness crisis"? They'll happily sell a single person 10 or 12 houses; that's just the way the market works.
What's needed is an industry outside of these cartels interested only in working with governments to provide quality - but affordable - housing.
@@szahmad2416 we don’t live in that type of area. All our home builders are independent individuals. 2 of them live on my street. They are just normal dudes not corporations. Our local zoning boards will not approve new low income housing, condos, or apartments but there are more affordable options in the more urban areas. Low income housing builds are mostly vetoed by our school district. They want money. Our county has about a a half million people in it. Last year the county had a total of 400 people who would be considered homeless with a high of 35 at any one time. Our local government does not really get involved with the homeless in the county. That is all handled by several mega churches. They have a robust drug treatment and job training program and have obtained tax credits for local businesses that hire people who have successfully completed their drug treatment and job training program. It has worked pretty well as far as dealing with the homeless problem.
Imagine being trump or kamala rn. allllll you have to do to win is not support genocide. and neither of you can do it! amazing
Trump has stated many times that he'll end this conflict as quickly as possible. He wants the dying to end.
You overestimate how many people care about genocide in America.
@@meanderinoranges Lmaaaoooo
@@meanderinorangesyeah right. He's an avid supporter of genocidal Isreal
@@meanderinorangeshahaha
Price controls are such a ridiculous economic "policy" it would only appeal to the financially illiterate.
Most Americans are financially illiterate...
Which they are hoping is most people
Builders already offer this for new builds. It gets priced into the house basically
Every house will go up 25k
Every house huh, you should do some research if this rolled across multiple democratic countries
@@CG-bv4of every house. Dont underestimate American greed.
Prices are going up as we speak and have been going up the last decade. Where the hell have you been? Rather have $25k in my pocket if price increase is inevitable
Maybe in cheap areas, in areas that people are just waiting and refusing to come down, this will help move houses.
Need to do more about corporate buyers though
That house will most definitely be sitting for weeks/months if the price mysteriously goes up by 25k.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
It’s not 25k for “first time” homebuyers it’s for “first generation” homebuyers. Humongous difference. Typical politician confusing speak.
Aaah, so I wouldn't be eligible, because even though I've never bought a home and never will be able to, my parents have and my grandparents have. Basically, this will apply to a much smaller group of people.
@@gracehetfield5331 bingo but if we weren’t smart enough to know the difference of what she actually is saying we would certainly be swayed by the idea of a free 25k to somehow make the dream of homeownership a possibility
25,000 for a down payment on house for a first-time buyer disqualifies you for an FHA loan????
Good question
you don’t want or need an FHA loan if you have a down payment 🤔
@@Swampratattaif you have a large down payment FHA isn’t the best option. 25k is the fha down payment required for a 500k house.
25k is for 1st generation home buyers. That means no one in your family has owned a home during your lifetime... Since 95% of Americans used to own a home 20 years ago this policy will be for migrants
This show has been brought to you by Ghost Energy Drink. 😂
Inflation is caused by government spending and bailing out billion dollar corporations. Price gouging is not causing the Inflation and if as a business you should have a right to charge whatever you want for products nd services. If you raise prices higher than your competitors your business will go out of business. Its the government causing the Inflation. Put blame where it should be put. Y'all blabbed for twenty minutes about something that has maybe 5% to do with Inflation.
Price gouging is already against the law…🙄
Well it hasn't gone far enough.
Not federally, certain states have it
Like they even go after them lol
Yes and no. What is considered price gouging is currently too narrow to actually make meaningful change.
Not in all states I believe it's like 30 that have laws against it
They need to get some folks that understand what causes inflation on this panel. Huge hole in the BPs swing.
@@dbptwg I understand the perspective and the question. But, inflation has been studied thoroughly since the dawn of economic theory. Many historians point to the money devaluation (inflation) as a major contribution to the decline of the Roman Empire. Spain suffered enormous inflation during their exploration period because of the flood of gold and silver from the new world…famously the Weimar Republic printed money to pay reparations causing the rise of hyperinflation that contributed to Hitlers rise. So we have countless examples and centuries of data to prove out the economic law as fundamental as supply and demand itself:
“Inflation is too many dollars chasing too few goods”
There can be supply shock inflations like the OPEC oil embargo or what we saw with certain items during COVID but these are relatively temporary. They can be profound because they set off the psychological part of inflation where consumers and merchants start to change their expectations of inflation-therefore the merchants raise prices, keep less in stock which cause consumers to bid up prices and offer more for less items.
But at the end of the day inflation is not prices. It’s the money supply. When the fed lowered rates near zero and Congress passed spending bill after spending bill every economist (and high school Econ teacher) could predict today’s inflation.
Obviously when facing inflation policy makers look to the simple choice of price controls. That’s been tried over the centuries as well…each time with the same result: shortages.
Even modern day politicians can’t resist the temptation. Nixon and Ford tried price controls and it produced shortages.
Price gouging is very very specific situation and can be regulated but again it’s always temporary and has to be extreme to effectively prove its happening for example charging $1,000 for a gallon of water in a natural disaster or $100 for a shovel in 1849 San Francisco during the Gold Rush. That’s why it’s so shocking that any politician in 2024 would suggest it with a serious face and that this panel of college graduates would not point out this basic economic law.
@@dbptwg I understand the perspective and the question. But, inflation has been studied thoroughly since the dawn of economic theory. Many historians point to the money devaluation (inflation) as a major contribution of the Roman Empire. Spain suffered enormous inflation during their exploration period because of the flood of gold and silver from the new world…famously the Weimar Republic printed money to pay reparations causing the rise of hyperinflation that contributed to Hitlers rise. So we have countless examples and centuries of data to prove out the economic law as fundamental as supply and demand itself:
“Inflation is too many dollars chasing too few goods”
There can be supply shock inflations like the OPEC oil embargo or what we saw with certain items during COVID but these are relatively temporary. They can be profound because they set off the psychological part of inflation where consumers and merchants start to change their expectations of inflation-therefore the merchants raise prices, keep less in stock which cause consumers to bid up prices and offer more for less items.
But at the end of the day inflation is not prices. It’s the money supply. When the fed lowered rates near zero and Congress passed spending bill after spending bill every economist (and high school Econ teacher) could predict today’s inflation.
Obviously when facing inflation policy makers look to the simple choice of price controls. That’s been tried over the centuries as well…each time with the same result: shortages.
Even modern day politicians can’t resist the temptation. Nixon and Ford tried price controls and it produced shortages.
Price gouging is very very specific situation and can be regulated but again it’s always temporary and has to be extreme to effectively prove its happening for example charging $1,000 for a gallon of water in a natural disaster or $100 for a shovel in 1849 San Francisco during the Gold Rush.
@@dbptwg sorry they keep erasing my reply to you. Short answer is too many dollars chasing too few goods. We have hundreds of years of data on this. Inflation is a monetary phenomenon.
@@aaronday7537
Finally someone who understands economics. The left is completely illiterate.
@@aaronday7537 If it's understood by hundreds of years of data then by definition it's not a phenomenon, it's a controlled event.
The Harris campaign did make a bit of an error in not making a clear distinction between going after price gouging conglomerates and implementing price controls. Naturally, the GOP jumped right into that gray area. In essence, though, Ryan is right that this will be a winner for Harris as long as her campaign can clean it up with finite details. At the 30,000 foot level, an overwhelming majority of Americans oppose a big company raising prices at a time when their quarterly earnings report shows record profits. It really just comes down to Harris clearly articulating that.
I think the problem is that most people attribute this recent rise in prices to the current administrations inflation. Price gouging and big companies weren't even on the radar for the past 4 years it was always an inflation talk, so it really kinda seems like she's just trying to shift the blame onto big corporations which American people already don't like instead of having to be tied to the current problem with inflation.
@@ilaj3542 I definitely think Republicans have attributed inflation to the policies of the Biden administration. But most people on the left -- including Biden himself -- have consistently blamed big corporations. Price gouging actually IS a major problem right now. This is provably true when you have companies consistently raising prices while posting record profits. The problem is that Biden hasn't meaningfully done anything about it. Nor has he bothered to make the case convincingly (other than bringing it up here and there). This has allowed Republicans to (incorrectly) attribute inflation with government spending. Harris has recognized this error by Biden & is getting ahead of it early.
How exactly price controls going to work, say on a loaf of bread?
Do you control?
The price of equipment, fuel, fertilizer and seed the farmer needs to plant his crop?
The price the farmer can sell his wheat crop for?
The price the shipping company charges to get the crop to a processing plant?
The price the processing plant charges to turn the wheat into flour, and sell it to a bakery?
The price the bakery charges to bake the bread?
The price the delivery company charges to get the bread to a supermarket?
The price a grocery store charges a customer for a loaf of bread?
Per Redacted; August 8 episode: The childhood poverty rate has doubled since Biden Harris took office. In 2021 it was 5.2% now it’s 12.4%. I’d love to see the “cut poverty rate in half” claim laid out.
What if you adjusted for the massive inflation?
That's because in 2022 all the covid measures expired. If your going to Google things, at least read the articles not just titles
Ryan literally said they initially cut it in half and then later doubled it. Guess you weren't listening.
Either Grimm is being stereotypical with “who’s gonna build the new housing” or he is in favor of illegal immigration and doesn’t want Americans to have jobs
Yeah, I caught that too. Illegal coolie labor crashed blue collar wages in residential home construction and he's like "heh, who is going to build the houses?" as if Americans never built houses before the 1990s, and the addition of a Phoenix Arizona metro area in additional adult population annually via illegal border crossing doesn't increase housing demand (he must think they live in tents?).
He sounds like Scarlett O'Hara in Gone with the Wind. "Who's gonna pick the cotton "?.
Americans are lazy and unproductive, as far as developers and construction companies are concerned. That's per a Republican congressman in a private conversation with Obama after he was grandstanding against Obama's proposal to pass a law to pay workers the same rate, illegal immigrants or otherwise - ostensibly because American citizens deserved to be paid higher wages than illegal immigrants. Same Congressman told Obama (again, privately) that his wealthy constituents would continue to hire illegal immigrants whom they felt were more productive, but their labour costs would just increase, and that was really why he was fighting the bill.
So don't blame Grim for his skepticism...take it up with those companies.
But yes let’s have these people run the country..
Unironically, yes.
$25k down-payment assistance will NOT help the working poor in ANY state or DC.
This is a policy that sounds good until you actually work through any of the numbers.
The assistance being given to ppl whose parents weren't homeowners is as stupid and shortsighted as the FAFSA.
I don't understand why politicians don't start with establishing a higher, more realistic, poverty level, THEN passing a living wage minimum wage law.
I'm a poor community college student.
I use Medicaid.
But poverty level is $20k, livable income is $50k, median income is $60k.
If I make a $1 over $20k, I'm not poor and lose Medicaid.
So I must either be far below poverty level or risk losing healthcare, or be far above poverty level and risk not getting my degree.
RFK 2024!
Lol
Saagar has literally argued for price control on this show within the last 2 years. Now he says “are we really there?”
YES
She didn't just say "first time homebuyers" would qualify. She said people whose PARENTS were not homeowners would qualify. Why any adult should be considered for financial help based on their parents' situation is beyond me. Even wealthy parents often give their children nothing.
And that would also includes noncitizens. Lmao buying votes with our tax money.
She also said that parents who own a home can just take out a home equity loan & give the $ to their kids for a down payment. I have 4 kids, so that's $100,000. I'm not rich & won't bankrupt myself.
Like Trump ?
It’s super frustrating to hear political talking heads, like this video, and news articles completely confuse “first time” and “first generation” homebuyers. There is a massive difference. It’s almost as if they’re trying to purposely confuse the voters.
it seems this would give a boost to wealthy immigrants. Like your parents did not own a home in the USA. You might come from one of the upper classes in your home country but you would qualify for a major benefit
The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips
You are absolutely right ,firstly I believe money in the bank is not money because it is bond to inflation and losses values overtime, You have to be well disciplined to achieve success and save before you spend Lastly success does not happen overnight it takes time, dedication and self discipline
money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property, The aid of an institutional or basic financial advisor's cannot be over expressed. I started saving and investing in 1989 at the age of 20... I am 54 today and have 2.2 million in my retirement account, 135k liquid and I trade securities with 50-55k
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I hate that they keep promising to give us more money at the cost of the country's future economic stability.
Like when republicans keep cutting taxes for the rich and increasing spending? Me too
Welcome to irresponsible politics:(
Where were this when trump passed that 2 trillion $ tax cut for the rich.
@@Demonkingx5 spurring economic development to increase overall output? Pretty straight forward concept.
But you’re fine with funding the military to fund overseas countries
The smart way would be, there's a corporate tax penalty on companies that raise prices above a certain amount in a year.
A simple analogy: if two gas stations within a 1/8 mile of one another had a.75 cent difference in price per gallon, the gas station thats price gouging would be out of business within a month.
If corporations purposely overpriced their goods much beyond their intended value, competitors would simply offer these commodities for fair market value, undercutting the price gouging companies and pushing them out of business or forcing them to lower retail prices.
The issue is that government spending causes hyperinflation; as of August 2024, the US federal debt exceeds the US GDP. If you enjoy hyperinflation, which results in exorbitant costs for everything, while your work wages don't increase , Vote for Kamala.
Price controls? Borrowing an idea from Nixon? Ha!
That's what I was kinda thinking with the right going into full panic mode like "I guess you think Nixon was a communist then" lmfao.
@@jamespuso1627Great point.
Kennedy is the only candidate that genuinely is working on affordable housing, breaking up food industry monopolies, regenerative farming, fixing immigration long term, and the rest of the issues that are life changing for Americans. $25,000 is a drop in the bucket for reducing mortgage payments, the avg home in a lot of America is around half a million bucks.. Democrats and Republicans are Blackrock funded, do you really think they will do anything to jeopardize their little gold mine? Investors owning the market instead of occupants is the problem, they need to be backed out of the market.
I heard Harris speech where she announced the price controls. She called it “price gauging”. She must have a stutter like Biden? 😂
I'm still perplexed how "socialism" bashing when we literally see corporations rapping the world.. Works
When do vice presidents propose legislation, Saagar and Emily? Did Pence propose any?
“Im not saying its gonna cause inflation “ seriously sagaar??? Its the most blatantly inflationary policies that have ever been suggested. Economics is SUPPLY AND DEMAND the government cannot artificially effect prices without raising prices on everything
My friend dad bought his son a truck then decided he wanted to buy a truck identical to his sons. He heard about Obama’s “cash for clunkers” - you get $2500 off when you trade in your clunker. So he went to same salesman and lo and behold with his $2500, the price of the truck went up $2500. So of course houses will go up by the $25k “free” money. Same with subsidizing rich people to buy EVs, the EV companies just charge that much more and have less incentive to produce a lower cost better product to compete against gas car companies that don’t get subsidized by the government get
Don't forget Housing Crash 2008.
Yep, it's funneling taxpayer dollars directly back into businesses. This is how businesses make record profits while people are struggling. They're not price gouging, the government's 'relief' programs are making them rich.
That's why competition and anti collusion under capitalism are important.
Also, they said the same the same thing about raising the minimum wage, about stimulus checks, about expanded CTC, about expanded EITC, about student loan freeze, about cutting taxes for the middle class, about literally anything that gives money to people. It never holds up because prices are never a direct one-to-one to government spending. Especially, if the government is doing it's job to ensure competition and no collusion.
Yep. Good example. That program WAS TERRIBLE.... There were so many good usable cheap used cars that just needed some maintenance... What were great vehicles for teens and the poor WERE CRUSHED, so they weren't even kept around for parts.
So WHO'S ACTUALLY getting that $25k? Not the homeowner. And I think this will lock in higher real estate prices... 2008 it seems dems have a short memory.
Emily and Saagar thinking that fighting for Price Gouging is a gift to the right…man are they gonna be in for a surprise. Also populist Right..,you’re seeing the limitation. They will always ultimately side with power.
Kind of exposes them as being fake populists.
Because price gouging isn't happening. She said it because she knows most of the people listening don't understand what's happening.
Price gouging is charging $25 after a hurricane. If she can't even clearly communicate a simple idea (or chooses to lie BC. she can), how can you have any confidence she has the slightest idea what's going to work.
@@alemswazzu you are right. They are pimping ignorance and assuming the voting public is just too dumb. They may be right.
Increasing prices after the government rapidly and substantially increased the money supply isn't "price gouging." The dollars are literally worth less than they had been before the increase in the money supply.
@@payleryder45 and that's still price gouging. Unless they can prove their expenses have increased as a result. Which, of course, they can't - because they haven't.
The only reason the immigration question is so good for the GOP is because no one is asking this question, they've been running on it since 1980 why isn't it fixed yet?
The strongest economy in history, shouldn't need price controls.
16:20 this is a bad argument, you can ask why Trump did not do any of his new proposal in his term as the actual president
Probably because he was hamstrung by a conspiracy to frame him as a Secret Russian Spy and two phony impeachment inquiries?
Listening to these three talk about the free market makes my head hurt. Sigh
Ryan is like “They gave money to everyone in Georgia” and Saagar was like but that caused inflation - Ryan - “yes that’s the downside”
I love these guys but they are clueless on economics and need more diverse voices
Yea, get rid of Ryan and get another women or person of color.
what was incorrect about that
No one here subscribes to Milton Friedman type nonsense.
Price controls have never worked anywhere they have been tried. Given centuries of data on price controls, it's moronic to suggest it in modern America.
Rules against price gauging aren't price controls, and already exist in most of America at the state level.
Calling it price controls is blatantly dishonest.
Is anyone actually buying the direct link between child poverty rates and tax credits? Seems like a magnificent and unproveable leap.
"hungry kids" are a political cudgel, they are doing now with Walz's free school food plan from Minnesota, You are heartless if you want to see hungry kids. I agree I do find it fishy, there was a plus up from 2k to 3.6k of the "covid-era" child tax credit, essentially $1,600 per year, $133 per month or $30 a week is the deciding factor of whether or not a child is in poverty?
It's a very simple step to believe. Parents have more money in their pockets from the tax credit and so they have more money to feed their kids. What's hard to believe about that?
Saagar's brain has been broken. Normal voters don't read the party platform, or care about the procedures on how it changes.
Get off the internet man.
Are you going to put price control on politicians gaming the stock market or money in politics?
Interesting how it's price gouging from middle America food production, but the dont say anything about the 40+% profit margins for tech companies who use overseas manufacturing and outsource jobs.
this is the first breaking points video of the day I am watching. Are you all being held captive in a basement ???
No, they are being held in captivity in the barstool sports bunker.
IDC, I want to be deported out of the US, TRUMP 2024
Fucking hilarious Sager starts out absolutely jazz that he’s got a policy that the Wright can hammer the left with and then gets lost in his own underwear to the point where he’s like fuck I don’t even know it sounds like a good policy actually
Because he has no principles nor understanding of economics. He claims to be conservative but he’s not. He just doesn’t like pot.
He is a fake conservative. This is a msm channel funded by Reed Hoffman.
It's not a good policy. The issue is whether it will fool people in the context of an election.
Owning a home is great until you gotta start fixing shit and everything is 10gs to fix.
100%
#1 way to build generational wealth. Homeownership is the best way to move up
Ban corporations from buying single family homes!
These conversations are so much better, and the counter point is so much more responsible, when Krystal is not there.
So what's wrong with her policies? They sound good to me.
Inflation and shortages. Econ 101.
Socialism always sounds good on paper.
@@aaronday7537 You failed Econ 101
@@RunForPeace-hk1cuyou don’t know what Econ 101 is 😅
@@RunForPeace-hk1cuYou've failed econ and history. Keep coping. Venezuela's zoo animals were getting eaten because your dream utopia turned out just as expected.
Ryan says illegal immigrates make houses… then he pretends he’s not racist, he wants them to drive down wages…
Can Krystal stay gone?
But who would be there for you and other angry right-wingers to helplessly foam at the mouth with rage at logic and facts, then? Krystal does an invaluable service in that regard.
Can you stay gone aswell?
you are rewarding Blackrock for buying up every home in America by giving them $25,000 for every home they bought!!!!!!!!!!!!!!!!!!!!!!!!
1- Living wage minimum wage law
2- robust welfare(no more work requirements, time limits, ABAWD)
3- student loan debt forgiveness
4- tuition free community colleges and public universities
5- full ride grants for all low income and lower middle class students
I keep thinking we need some kind of CONSUMER BILL OF RIGHTS or something...
Holy Moly! Krystal actually allowed her co-host run the show without her AND Criticize the left without her providing some cope as cover.... It's a bit refreshing...
One sided nonsense is refreshing? The only reason this works is they are balanced. When one misses and takes over it’s awful, Saagar is so biased because he personally is friends with Vance. This is a low point for breaking points
Breaking points would be 10000% better if they dropped Ball entirely
So Krystal is unbiased and has no personal or professional relationships with anyone in the Biden, Harris or Walz circle let alone anyone in the dem party?? That's such a joke and has nothing to do with my comment of feeling refreshed of not hearing Krystals one-sided coverage and bashing of the right. We had Ryan push back against Saagar, which I appreciated and respected.
@@AmmonHenderson you are too busy crying to read what I said. I said they are balanced as in their bias is counteracted by the other. “When one misses it’s awful”, because they take over the show and it turns into cable news those days. Chill out and read next time
Imagine thinking stopping oligarchs from price gouging your citizenry is bad 😂
It isn't that. Price capping leads to shortages.
It isn't that. Price capping leads to shortages.
The grocery store industry is extremely competative with razor thin margins. Kroger has 1.4% net profit margins. Price fixing means they'll shut down less profitable stores in poorer areas and stop selling low profit items entirely.
You think your local grocery store is an oligarchy?
@@sobohobo12123fwiw..I do not think price gouging limits would target grocery stores. It would probably target the food producers and audit profit margins as a part of the enforcement.
Poor Ryan, it’s like he’s a third wheel with an obviously infatuated Emily and an oblivious Saagar 😂
The first few minutes are what is wrong with government. You need a committee to all unanimously agree that the guy who isn’t running anymore shouldn’t be on the platform as the person running. Insanity.
inflation is caused by government spending. That’s it. It’s not price gouging from greedy retailers. It’s not Russia or mass immigration. it’s governments that can’t live within their means and over expenditure is balanced through the creation of dollars. Debasing what your money is worth. Governments don’t want you to know this.
Dude, that concept is completely defunct once you realize the economy is more than just our nation. Global trade certainly affects inflatio
@@dbptwg Because they create the money that’s spent into the economy. Inflation occurs when the money supply grows faster than the economic output of it’s citizens. 30% of all the dollars ever created were created in the last 4 years. More than half the jobs they’ve created are government jobs, i.e NO ECONOMIC OUTPUT. These new jobs don’t produce anything. We have vastly more dollars chasing fewer goods.
@@nickthompson1812Not true. In the words of Nobel prize winning economist, Milton Friedman. “Inflation is made by Government and no one else. Of course no Government likes to accept responsibility for its own defects, so Governments of course blame greedy business men….and spend-thrift consumers.”
Price controls?
Shitty title?
Subsidizing the down payment will just make housing prices even more unaffordable.
Yeah Interest rate high and monthly payment over $2k a month.
I apologize if this is harsh, but it’s an attempt to be honest…. I like this threesome better than with Krystle. That’s new, I didn’t use to feel that way… but I can’t help but feel, with all of these absences… She’s not grasping what you guys built here or her responsibility to be in studio or how lucky she is that the audience has supported you guys to this point … and without gratitude- which you could say is there, but actions speak louder than words, people end up missing out on the opportunity to continue building… because the CORE audience see’s a continued absence as disrespect, even if they don’t consciously think it or verbally speak it. It’s impossible not to feel slighted when one of the two main hosts constantly is absent from the show they funded and helped build. From the outside, it feels like someone who doesn’t realize how they look to others. It’s not a good look to always be out.
I have no idea what’s going on, it could totally be a personal matter, which I have extreme sympathy for, but I also recognize that everybody has family matters and people don’t just get to skip out on work because of them - at least not on a regular basis.
Once again, I want express I’m not trying to come off as mean - I’m not around enough to know why she’s not on the show anymore every time I tune in… but whether it’s a popular opinion or not, it’s valuable to hear what the audience thinks.
I want socialized medicine but not for the Corporations like we have now. Three drugs have capitalism, and the rest are corporate socialism.
How much are you willing to have extracted from your paycheck to pay for it?
I trust Harris with the economy as much as I trust Ryan
Really? Haven’t watched enough of his stuff to know
MAGA Sheep
Ryan is the most highly educated person on this show
@@claytonschopfer8467lmao he’s like a white version of Kamala, all word salad
@@claytonschopfer8467ong and the best looking dude, he always looks fresh out of the shower
I feel like I'm watching MSNBC.
Price Gouging is not the same as Price Control. Stop being Tucker Carlson like in how you frame shit. I know Sagaar once said beamingly that Tucker taught him how to write chyrons. Misleading bad faith shit from this right leaning channel.
She was proposing price controls. Stop telling lies.
How do you stop price gouging without effecting the price on the shelf? Cause Kamala sure as shit hasn't explained that.
How do you stop gouging without controlling prices?
@@bbainter7880 ask the majority of US states that already have those laws on the books pal. Stop fear mongering and playing dumb.
@@payleryder45 I guess you are already communist then as most US states already have these laws. Welcome komrade
Trump did price controls on: vaccines, gas, and interest rates. Conservatives can't whine about this.
This video is what made me realize that it may very well be completely hopeless to try to avert a hyper inflationary crisis. It's inevitable. Gold up
That's dumb. Buy value stocks