Does U.S. debt matter? | CNBC Explains
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- Опубликовано: 25 июл 2018
- U.S. government debt stands at more than $21 trillion. Does it matter? CNBC’s Elizabeth Schulze explains.
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US is AA+ rating. Rated by US paid companies?
LOL
lol
The highest rating is AAA.
the us is in no risk of going bankrupt. the us could always fix the debt problem by throwing the elder under the bus by cutting SS.
It's AAA because to pay it off the government could just print the 21 trillion needed ^^
us gov invest in education??? you said prison system wrong
jryde421 or military
Lol yeah everyone knows schools dont need money they run on fairy dust that comes out of trumps ass hole.
Both of you are wrong AF, the country’s largest expenditure is Medicare, Medicaid, and welfare
*Mr. Mateo Jones* largest expenditure is Social Security, then medicare, then defense. Education is no more than 2.6 percent of the federal budget. But, they never said that education is the largest expenditure, they just think schools are prison.
If you look at test scores vs education spending, scores are flat and spending is through the roof due in large part to administrators.
I'm held responsible to manage my debt why isnt the governments?
because you can't borrow endlessly.
Beacuse you're not rich and powerful and don't have enough nukes to melt the world
Because the US government prints money and the whole world will pay.
Because people keep voting in politicians based on short term promises.
@@MaxMustermann-pi6vf yeah right
This post is 7 months old and the debt has gone up 2 trillion since. I wish I could get away with racking up 2 trillion in debt in 7 months..
well maybe if u were the strongest world superpower and economy you could lol
@@gaugea I mean, is US really strongest economic power? If in 1 year you get 4 trillion US$ in debt how is your economy good?
@@kanal2123a US debt is around the same size as the US GDP so if my debt is $1million but you make $1million a year its not as bad as you think Greece's debt was 134% of GDP yet its doing fine now.
@@kanal2123a Who exactly are we in debt to. When somebody's in debt; somebody else is waiting to get paid.
@@CRAIGC55 Chinese businessman mostly... That's why US started trade war... China is too powerful and its rise has only begun
Suddenly everyone is now an expert on economics.
Well democracy is everyone has a say so well yeah
and the fact is even people in congress have no ideas as well.
Philip Molina - not expert but wary 🤣🤣🤣
Compared to you, rest do seem to be experts.
what the hell? yes everyone should be an expert seeing how every aspect of everyone's life are governed my economics.....do you not buy food, fill your gas tank up, get paid from your job, pay bills...if not someone is doing it for you because you wouldn't ALIVE...... in fact to bury a dead person, economic is at play...
Covid 19 has entered the chat room
Where did the 11 trillion that Obama gave to Rothschilds go ?
Debt-to-GDP expected to skyrocket...
It could be argued that COVID actually may end up helping the debt. With so many elderly folks dying from it we could find ourselves coming out of this better off financially when you think about how much less SS, disability, etc. we’ll be paying. As dark as that is to mention.
Stephen Randolph That didn’t happen bud.
@@stephenrandolph1914 another conspiracy theorist
"Government makes money..."
No, government TAKES money.
They borrow from the Federal Reserve. Owned by the Rothschilds
delonix regia 🤦♂️ that's not how it works...
Yep, never heard of the USA making any payments to anyone?? We just get our money 💰 from the federal reserve. The biggest scam in mankind history. There is nothing federal about it!!
prints money into oblivion
If you want to blame anyone you have to blame the American people. Not enough people care enough or even know about how much debt the US has. They don't pressure their representatives in Congress enough and most aren't politically active. Change only happens when enough people demand action since most people in Congress don't want to lose their jobs by being voted out. Complacency and laziness in America is the real problem.
If americans cared more about the debt, then they would get rid of the federal reserve, ban all deficit spending in public institutions, and go back to the gold standard.
So how have you helped in this matter?
I would love to return to gold and silver as money.... Oh wait I already use it as savings.
Even if the American people act like they care, they don't want to pay more taxes and they don't want to cut spending.
Americans We The People aren't in debt.
Short answer : yes
Next is hyperinflation followed by wars
The end
Oh well, better luck next time.
What a great bedtime story agent
I think you're right well if the business in America doesn't want to lend more money again.
Buy silver now Friend....
Teringventje prices have already gone up. Dollar sucks
Leaving the gold standard was a big mistake because convertibility into gold helps keep a check on debt spending.
AA+ rating by the same us company S&P have been cited for contributing to the financial crisis of 2007-08 and gave Credit ratings of AAA (the highest rating available) to large portions of even the riskiest pools of loans during 2007 financial crisis
coming back to this in 2021, we increased it by 7 trillion in 3 years....holy shit....
How about 30.5T now? Lmao.
@@Joshua-cs6gj you mean 31 trillion
Almost 32T
You can time the debt clock, real time. It clocks in at a million every 40 seconds. Calculates to 90 million per hour ×24=???
2,160,000,000.
The founding fathers tried to warn us about having a Central bank control the monetary system. It's a private banking cartel. Google/ RUclips the Creature from Jekyll Island and America: From Freedom to Fascism.
More debt = more interest owed = need to print more money = causes inflation = lower purchasing power. So yes, it matters
I’m glad Riley Reid went back to college and got a business degree. Very informative video. Thank u
Kyle Ivers she looks bad though now.
I like her more the other way
Just print them those papers ! And turn US to Venezuela lol
sam toshi
Do urself a favor and learn what's going on in Venezuela, and why they are where they are. Hint: It isn't because of money creation alone.
Venezuela failed because SOMEONE MADE the country super relied on oil and when oil prices dropped Venezuela well... you know the story
Venezuela was borrowing in US dollars rather than their own currency
Difference is US dollar is used globally. Vanezuelian currency is only used by themselves.
The that’s what the democrats want
0:45 xD social securiry and health care...
In the USA...haha
Both parties are spending junkies.
The difference is that democrats actually care about reducing the deficit (which they did at one point in their history, AKA Bill Clinton)
Republicans are full blown addicts who can’t stop cutting taxes and raising military spending, yet pretending like they’re fiscally conservative
Get Ass
Obama increased the debt by 8 trillion
If Trump’s spending policy stays the way it is currently (although the only probable outcome is an increase in spending and decrease in revenue) he will add 9.1 trillion by the end of his hypothetical 8 year administration
You’re just wrong
Also, Obama inherited a republican economic crisis and major deficit
@@jamesmiller6618 lmao ok buddy keep thinking that way
OP knows whats up. "This party added 1.5 trillion annually" "Well, this party only averaged 1 trillion annually" "But Interest!" "But this party balanced the budget 1 time, 25 years ago!"...
But, but, but. Consider candidates whose platforms drastically cut spending. Until then you'll see the same results.Also, maybe we should support the convention of states and politicians who favor states rights over federal oversight.
@@dakodahsturgill3 usa needs to be more centralised to fix problems.
One very important point left out. When the US doesn't have enough money to pay interest on the debt. The Fed prints it. Then everbody pays the inflation tax.
Lol that’s why we’re all suffering with 9% inflation right now. Smh.
Great content as always, keep em coming !!!
You have to be kidding, her descriptions of how the government works are the stuff of Disney fantasies. 🤣🤣🤣🤣
3:20, "So deep in debt when the next crisis hits that it can't spend its way out of it." Flash forward to March 2020 and the pandemic.
they're printing their way out of it
They are printing 2 trillion plus the 1 trillion they were already going to spend this year to get out of this economic collapse. When this video was published we were at 21 trillion now we are at 25 trillion.
@@Kage-jk4pj *laughs in nearly 28 trillion*
flash forward to July 2022 and inflation is 9%
You did a great job explaining and your voice is soothing 👏 .
21.2 Trillions debt x 3% interest rate= 600 billions which will be paid from govt budget.
IRS can collect only 3 trillions in revenue but spending bill is 4 trillions.
Interest rate is now set to rise further to around 4% next year.
It wouldnt be a problem if economic growth should continue to expand which means there are a lot of money flowing around.
However there are two problems;
1) Interest rate is on a rise and interest pay out can go up to 1 trillion dollar in a very near future.
2)US is now in a trade war which will drive economic growth down = less money in the economy = less money to refinance Treasury bond(debt) 21.2 trillions+1 trillion budget deficit.
If less investers willing to fund treasury bond the interest rate will go up even further.
Imagine govt has to pay interest over $1 trillion from revenue of $3 trillions IRS can collect.
Massive buget cut will come into play or default to honor its treasury bond payment.
Either case it would be a nightmare to even care to think about.
BTW Trump is an expert in how to handle Bankruptcy, he has a record of 6 times bankrupt.
He always walk out fine. Only him!
John Kelleher I have no idea what you are talking about.
John Keller, I suggest you read what happened to Germany after WW1 and currently Venezuela when each respective country did exactly what you are talking about. Simply printing money will only lead to a worthless dollar and hyper inflation.
I never made any such claim about gold and owing any percentage to any foreign government. I simply referred you to look at history and what happened to Germany after WW1 before the Weimar Republic was established and Venezuela currently. Your previous claim that the US government isn't $21 trillion in debt because they can print money at will is laughable. I again reiterate that has been tried before and the results are always the same: hyper inflation and worthless banknotes. You obviously have no grasp of economics or any clue as to what gives currency its respective value. You can't seem to even grasp cash flow or a simple sentence! The video was quite clear and could be easily understood by a middle school student. Of course there are special people in the world who still think the earth is flat and the center of the universe.
John Kelleher Again with the assumptions... My gosh you are special. Yes I am quite well versed with the treaty of Versailles and the reparations. What you can't figure out is that to pay for it Germany simply printed, wait for it, more marks. Hence what I said stands. A government CANNOT simply print more money without causing hyper inflation and worthless notes.
John Kelleher Furthermore you obliterate your own argument. According to you the US government could print it's way out of debt. Using your argument then ANY country could simply print it's way out of debt. During the financial meltdown a number of European countries needed bailouts, namely Greece. Why didn't the EU simply print more euros?! Or, actually according to you, they really had no debt since it was sovereign and, thus, nonexistent.
This is one of very few issues I've found where liberals and conservatives mostly agree.... seems like we should start working on it.
We can’t Social Security and Medicare are so expensive, but you can’t cut them unless you want old people to turn on you
Very informative about an important topic, thank you CNBC!
Too bad for your sake, none of it is true.
I don't feel like the question in the title was answered
So US senior citizens are responsible for the debt. Not spending like a crazy demon on killing people
I thought I was getting ripped but Hackerqiaug@gmail,com/ WhatsApp +1845-293-3085 cleared my doubt after I invested my paycheck and he got me $27,000 within few hours. Thanks for always coming through
It's $27 trillion now. 120% of GDP so far. Higher than after WW2. And the US is losing the economic war with China bigly.
How can you address this topic and not mention that the US fully intends to “print” more money to pay its debts? That’s the problem people need to better understand.
Great presentation.
People world wide, not just Americans, are completely oblivious to debt. As long as they have homes, cars and entertainment they are totally blind to what’s going on. They will learn the hard way.
Simple and Straight to the point. Always love these videos!
Very well informativ video thanks Elizabeth Schulze.
That counter of the rising debt is a nice touch
Your video always remains concise and presentation is as always wonderful
Propaganda usually is.
Kiss your 401K goodbye. 21 is old news it's now 30 trillion .. oh wait ... I blinked it's almost 31 now.
Just in 4 years a $10 Trillion jump. It took over 250 years to get to $10 trillion.
Interest alone on the US debt is approaching national defense, and "social security net" levels (not together one or the other). The more they borrow to pay for these the less they can afford them later down the road. As the debt rises they will have even less funding for theses two areas just compounding the problem. There will soon be a point (not conspiracy/dooms day thought) where the country is spending more yearly on maintaining the debt (static not paying off) than it spends on either of these two expenses.
Every thing is taxed from gold to salt even coffin box is taxed ,
Bitcoin can not be taxed. Buy bitcoin
The rich are not
@@jerrywang51 bitcoin can be taxed
@@jerrywang51 earnings from bitcoin are taxed i think
Mises must benow seven feet under the ground yelling *"I TOLD YOU!!!!!!!"*
Mises was an ideot and understood economics even less than Keynes. And that is already a low bar. The only decent economist ever is Marx
All US needs is more $ printing machines
Adhik Joshi Well the economy isn’t screwed together like that. You see if you print more money the dollar will cost less. - look at Venezuela as a example. You will know what I’m talking about
You hit the Bull's Eye
What is keeping the USD is wall street just FYI. and printing money doesn't work, why? IMF are there for a reason.. don't know what IMF is.. you can check out their power adn the jurisdiction.. and yes IMF already issued a warning towards US.. most "normal" people don't really understand, but for investor it is basically get the F out before the sh** hit the fan because USD are getting over printed.. so.. please check their web site out and be informed.
Negative doesnt work that way
All US need is overthrow Governments that want to dump US dollar so it can keep that toilet paper afloat outside US and print it forever.
Thanks. Short and concise.
could you please tell me, how to make this kind of video? at first i thought it was made from microsoft power point and then you save it as video (moving curve and graphics).
Reporter: Interest Rates might go up
Federal Reserve: hahahaha are my a joke to you?
Ummm...yeah, the debt matters
So US bonds are rated well, kinda like the mortgage packages in 2008?
Cut spending, increase taxes on corporate America.
Increasing taxes to increase revenue is like a store raising its prices to raise its profits.
This is hilarious how outdated this video is now, by next year the that will be double what was listed in the video
very true
She did say that it is Increasing by the Second.
So she is Right about that.
Unlike other countries, US has an advantage since $ is the standard currency in international trade and guess who has the monopoly over printing of $ bills? It's the US. So long as the international market accepts $ as the default medium of exchange, US government can flirt with dangerous levels of debt. The luxury that other nations don't have.
Manoj Tirkey
No that is not true.
After WWI, Germany had to pay a debt to make up for the damages. 134 Billion Reichmarks. Germany also thought that they could just print more money and pay their debt in a few months. And they did. But every German had now become a milionair and the money had become worthless. It was cheaper to whipe your ass with money than to buy toiletpaper. Your logic will ruin the U.S.A.'s economy.
Learn some history before acting like a smartass.
And the U.S. Dollar is only used to compare different situations.
When the government of France borrows money, they will not ask for dollars. No they borrow euro's. Why the hell would they ask for dollars? That would only make the Euro lower in value compared to the dollar.
Spoiling Spartacus
Good try, but not based on facts. The debt imposed on Germany WAS NOT denominated in their currency. Also, their entire supply capacity was destroyed. We don't have these conditions in the US, and likely never will.
I never stated that the debt had to be payed back in Reichsmarks.
I just gave him the amount calculated in Reichsmarks.
I am fully aware that the debt could be payed in currencies and goods.
You probably missed the point of my arguments.
The United States cannot just simply print $21,485,270,000,000 to pay back all it's debt. This will destroy the dollar, probably cause a stock market crash.
And just because we calculate the debts of other countries in $ because it is an easy way to compare them, does not mean that a country like Germany expects and demands to be payed back in Dollars,
Manoj Tirkey made multiple mistakes in his comment and way of thinking and u bash me because you misinterpreted one of my sentences?
From where do all the resources come that fed the country?
How do you edit your videos? Any particular software?
"The goverment makes money in one key way"
Yeah, *printers*
I don't think its with printers anymore. I'm pretty sure they just hold the 9 key down on the keyboard.
If there is a slight fluctuations in Chinese market Americans be like oh yeah China is going down.
And US debt? It doesn't matter.
It's like questioning whether the soil beneath a building matters.
"As lowering taxes, more borrowing is needed", that's not true. When you tax the hell out of the people, the economy will slow to such a degree that you will need to take even more debt.
The vast majority of our spending is on entitlements. Privatizing Social Security would likely solve most of the problem.
Rid of Social Security. It's just free money to lazy fks anyways.
I turn 62 this year, My wife, children, and I are capped by the SS combined family maximum of $5400/mo.So yes, it is a true entitlementEntitlements: how about the $7 trillion unfunded liability for 10 million military retirees(not one penny was set aside)This entitlement almost equals 60 million retirees on social security (military pensions are most likely taken in their 40's)
But dollar gets weaker over time, so debt is less evriday thsnks to fed!
The problem with bonds is that it's the one percent that buys the government bonds so we end up owning the money to the one percent.
2:30 except it boosted the economy enough that tax revenue actually increased. If you tax 100% of income, production goes to 0 (or very close), and you actually make less tax revenue. There's a sweet spot, and it looks like we might have been taxing at above that sweet spot.
Obviously it's more more complicated and variable than this, but that's a big reason why cutting taxes sometimes leads to a smaller deficit.
Argentina is a great example for this. Lots of (and high) taxes and local enterprises refuse to pay. Making a tremendous deficit for our government.
America - “Does America’s Debt Even Matter”
Idk is it 🤨
(YES)
“Social security, Healthcare and Defense”
You mean Defense, Defense, and more *Defense*?
Watch pragerU's explanation. They explain how social securing
and Medicare are the 2 driving factors.
@@dominospizzaoninstagram1087 hahah
@@dominospizzaoninstagram1087 Prager u
@@dominospizzaoninstagram1087 the "university" that isn't a university
@@dominospizzaoninstagram1087 defence is the biggest spending in the us budget and the us needs that for its global sphere of influence. But Trump is looking to reduce spending of the military which is good.
Well edited video
"The US debt is 21.2 trillion dollars"
- What? How old is this video?....yup....it's 3 years old. Debt's 28 now.
31 trillion now
It does not matter until the US dollar is not the currency of choice in international commerce.
I thought I was getting ripped but Hackerqiaug@gmail,com/ WhatsApp +1845-293-3085 cleared my doubt after I invested my paycheck and he got me $27,000 within few hours. Thanks for always coming through
I guess this must be the exception to the rule, the rule=CNBC never has anything I can agree with, I hope this starts a trend with them.
Can you please explain to me how providing social security is investing money?
Make a CNBC explains about Space tourism.
Surprised to see that AA+ rating.
I don't get why the US government doesn't reduce military spending. Do you really need to spend $650B/year on defense?
Jameel Ja
The US spends that much to defend herself and her allies from other countries.
The Mexican I get that, but when you have a defense budget larger than the next 7 G8 countries *combined* don't you think that's more than enough?!
Jameel Ja
Not to sound rude, but would you rather have the world protected by a country that supports free trade, speech, etc. Or a country that supports communism and that kills its own people when they try to talk bad about their own country.
The Mexican ya definitely, I like my my freedom and liberty. I just don't think if the US reduced it's military spending to, say, $100B that means other countries would attack. Do you?
Maybe, but countries like China and Russia would love to attack the United States when it lowers its budget, but we have NATO on our back, not to mention Japan, South Korea, and Australia.
Everyone is a expert suddenly. Notice how after these amazing figures ppl add there own political spin on it. Right blame left, left blames right.
I say we are born with two hands for a reason that work together. They don't compete. What do I know, I'm a random guy on RUclips.
The left blames the military for the debt. The military budget is 15% of the federal government's budget. The right blames welfare and entitlement spending. W and ES is 66% of the federal government's budget.
And so, that is why I am on the right on this issue.
Orppranator your rent and car payments make up the majority of your monthly spending budget. Let's see you cut it down.
Lol it's not just politics. People add all types of nonsense. Printing money won't stop.
People just don't understand how things work. The first step is to learn, then discuss priorities.
ruclips.net/video/ba8XdDqZ-Jg/видео.html
Orppranator
Both are wrong, so don't celebrate. We have a debt, because the federal government sells bonds. It does not need to do that. Watch the video I posted.
At 0:47 you made the chart on the right wrong. You should make defense take up most of the square.
The government doesn’t make money it takes money.
CNBC : US Safest place to invest money .
ME : Ahahahahahah nice joke
Fun fact. We have almost doubled the rate we're going into debt thanks to the new tax cuts
Layback Studios no... 😂😂
@@aaro3455 You joking? Hopefully you are. We were $350 billion dollars off the mark. Now about $900 billion off the mark. And I don't think you want to debate a future vet.
please tell me what "mark" are you meaning. and no the tax cut doesnt incrise the rate of debth growth by dubble😂😂😂 were is your logic on that. how big you think the tax cuts were😅 because by your logic the tax cuts should have been around 50% in everything😂😂😂 but in reality they were around 10%. how 10% cut from us goverment income can doubble the debth they have to take every year.😂😂 it only should grow the debth 10% every year
@@aaro3455 Equilibrium of what it would take to break even for the government budget.
Also you should think about the scale of the tax cuts. Think before you post next time. Enough said. Don't come on my post again until you know what you're talking about.
Layback Studios 😂😂😂😂 pliis man😂
Imagine this: A Light-year is the distance light travels in one year. A very great quantity, in deed! As Light streams through space at 186,000 miles per second, that means that it travels 5.88 trillion miles in a year. Needless to say, "5,88 Trillion" is a number very difficult for anyone to even visualize. Now try to imagine 30 Trillion! This is the number of Dollars the United States Government currently owes the International Banking System!
How does inflation effect the publicly held debt? How much does increasing taxes effect job creation and consumer purchasing?
Its $23 trillion in 2019 already
25 trillion now with the stimulus pact
This is a fiat currency backed by nothing and has no value, but we have to fall into debt to make money unless you're from old money
This presentation, as required by the format, greatly simplifies the issues to the point where it misleads the watchers into thinking there is a simple solution to the simple problem of the government spending more that it raises in revenue. Whatever solution is taken (budget cuts or tax increases), there are negative secondary effects on the economy and people. Any effective solution is subject to the politics of many third rail issues and after implementation subject to diminishing returns as people take action to mitigate the negative secondary effects. Also, in order not to shock the system, change has to be implemented slowly or else the cure becomes worse than the disease. It is an important issue and while it is never too late to start solving it, it is probably too late to solve it without significant adverse effects for a lot of people. Too bad that subject matter experts are assumed to be partisan in post-fact America. Sad!
Cutting taxes has actually increased tax revenue, this could be bc companies are doing better, and more are moving into our country to take advantage of the market. Cutting spending is the next step
The U.S. has a GDP of $20.4 trillion as of the 2nd quarter of 2018. So it's debt to GDP is 104%. There are a number of countries who actually have an even higher debt to GDP ratio such as the UK. Last time I checked a few months ago, it was at 300%. That means the debt that the UK owes is 3x the size of it's actual economy. Yet you don't see the UK bankrupt yet. So that's why most Economists don't really worry about debt.
Also you have to realize that when a person takes out a loan for say a home, they may be borrowing 4 ~ 6x the amount of money they actually bring home. (400% ~ 600% of a person's GDP essentially.) So they take a 30 year loan to pay it back.
Now a country in comparison doesn't have a short life span typically of only 80 to a hundred years, which is the most that a person is basically going to ever live.
The United States has been around far longer than any living person, and is expected to be around for many, many years beyond any living people today. This expectation goes for most rich countries. And right now the U.S. debt load is about 1 to 1 with its actual economy.
So shareholders are a little bit more confident that the U.S. based on its long history that it's been around, not to mention its life expectancy, that they will be guaranteed to get their money back.
National debt doesn't work exactly in the same way as personal debt you have to keep in mind.
No because they can just wage war with the debt collector.
I thought I was getting ripped but Hackerqiaug@gmail,com/ WhatsApp +1845-293-3085 cleared my doubt after I invested my paycheck and he got me $27,000 within few hours. Thanks for always coming through
#Usurykillseconomy
The United States was worried about the debt for the Louisiana Purchase and that was just $15,000,000. The United States makes money and has to keep adding money into the system. States, corporations and families can't make money, so they do have to worry about debt. As population grows it is vital for the U.S. to make money to satisfy demand. Debt does not hurt our country, as long as we "own the monopoly game," so to speak, and is actually healthy to be putting money out into the system. We make the money and owe most of that money to ourselves.
Please remind me, what was Freddie May Rating before the Mortgage Crysis? what AAA even higher then the US bonds? does that even mean any thing any more?.. *cough*
$600 toilet seats?
Shepperd November governments cost 1.2 million $$
Saying that the govt "earns" money is the same thing as saying that a rapist "earns" intercourse.
I stand at the edge of a precipice my breathing quick shallow,heart beat racing, eyes daring me look down I waiver feeling faint is this the end.standing on MOUNTAIN OF DEBT no sidewalk curb...
21T? Lol now it's 31T only short 4 years.
More debt = more interest owed = need to print more money = causes inflation = lower purchasing power. So yes, it matters
US debt is priced in $$$$ dollars so if shit happen the government will just need to print more that is one of reason it is rated so high. Of coarse there is negative consequences for doing that like depreciation of $, hyperinflation, lost of trust....but the lenders will be made whole.
That would just mean people will stop using USD as their main currency reserve, guess how that worked for USSR during cold war
The debt is awesome... when you're rich.
The plebians have to pay taxes, money that they give but will never get back. We rich folk though get to lend our money to the government which we'll get back WITH INTEREST. And the good folks in Congress to whose election campaigns we contributed to will be sure to keep our tax rates low and our loopholes open.
Now I know I don't speak for all high-net-worth people, but I don't like to work hard. I invented a few nice things about 40 years ago and I think I deserve to rest on my pile of money forever. Instead of putting up with the risk and effort to invest my money in more innovation, factories and jobs I'd much rather put it in nice, safe, easy Treasury Bonds.
Lenard Segnitz It's why income tax is not flat. For example, the rich develops real estate for sale, the government builds the roads. The rich profit. Therefore they ought to take more of the tax burden than others.
blightmoon he won't reply. His full statement is full of shit. Probably only blames rich people for everything. Pathetic person.
When to know for now?
Defense?....more like offense to me
2:30 Except it doesn't work that way. They increased revenue by lowering taxes. It's called Laffer's curve.
Al least U.S. citizens have cheap burgers.
Valentin Valcu and sugar drinks
Burgers cost less and bigger in foreign countries.
Why is the US supposed to increase in debt according to @3:58 , when Japan's debt is skyrocketing.
US about 100% vs Japan 220% (for reference)
Japan debt is national .
Just bumped into this video. I guess we will head to some major inflation after this bailout.
Dumfp not knowing how a budget works; nooooo I can't believe that.
Medicare for all, add 40 trillion
Cut taxes for the rich, watch debt explode.
I lol when she said, "it makes money by taxing."
"Consumer?" What are you consuming? Why have you brought digestion into this matter?
Cut military spending and place higher taxes on goods for a period of time, sure this may affect some people negatively short term but long term it’ll save us from a debt crisis
We don't really need to cut anything. Just tax the rich guys, what are they gonna do? Stop being rich?
V D no they’ll just leave . But thanks for your advice genius
Don't overtax goods. It's one of the main reasons that Br economy struggles so much, ans it increases inequality as hell
@@tjti2631 They can leave but they are citizens of the U.S. which they will still have to pay those taxes or risk going to jail. The U.S. is the ONLY country to tax people based on citizenship and not where they earn their money.
Sand Man Corporations don’t have citizenship. There are many ways to beat the irs with regards to personal tax including establishing residence in another country. I’ve lived abroad and I never paid a dime in taxes for all of those years .
The girl is beautiful.
And intelligent, so attractive
As long as they have paper... No
Mom: " do you think money grows on trees "
Me: "Yes".
No if they ask for their money back they give them freedom