Is Taxing The Ultra-Wealthy ‘Punishing Success?’ | Velshi & Ruhle | MSNBC
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- Опубликовано: 2 окт 2024
- More and more progressives are pushing for a higher tax on the ultra-wealthy, with some complaining that they have exploited the system to get their riches. Stephanie Ruhle is joined by MSNBC Contributor Anand Giridharadas to discuss if that’s true, or if we are “punishing success.”
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Is Taxing The Ultra-Wealthy ‘Punishing Success?’ | Velshi & Ruhle | MSNBC
“Hate the player, not the game.”
Not when a few players make the rules of the game.
Yeah man you nailed it.
And when those same players can and do change the rules to suit their personal objectives literally any time they please.
Thats exactly it.They want the regular people to play by the rules that were made by the rich and powerful.How is that fair.
The golden rule, those with the gold make the rules.
@@ippothedestroyer who decides if the rules are fair? Govt. And when They're corrupt they, like a dirty diaper need to be changed
@@flinkostememniakgrant1266 Well of course the government needs to be changed.The people decide if its fair or not.But the people also need to elect officials who will change the law.
"We have made a very weird social decision to allow people to be billionaires before we take care of the public good"
5:40 Describing the problem with capitalism: corporations serve their shareholders, not the public good ... corporations didn't always act this way, back when corporations had temporary charters and were required to serve the public good in order to maintain those charters. reclaimdemocracy.org/corporate-accountability-history-corporations-us/ From the article:
When American colonists declared independence from England in 1776, they also freed themselves from control by English corporations that extracted their wealth and dominated trade. After fighting a revolution to end this exploitation, our country’s founders retained a healthy fear of corporate power and wisely limited corporations exclusively to a business role. Corporations were forbidden from attempting to influence elections, public policy, and other realms of civic society.
Initially, the privilege of incorporation was granted selectively to enable activities that benefited the public, such as the construction of roads or canals. Enabling shareholders to profit was seen as a means to that end. The states also imposed conditions (some of which remain on the books, though unused) like these*:
Corporate charters (licenses to exist) were granted for a limited time and could be revoked promptly for violating laws.
Corporations could engage only in activities necessary to fulfill their chartered purpose.
Corporations could not own stock in other corporations nor own any property that was not essential to fulfilling their chartered purpose.
Corporations were often terminated if they exceeded their authority or caused public harm.
Owners and managers were responsible for criminal acts committed on the job.
Corporations could not make any political or charitable contributions nor spend money to influence law-making.
For 100 years after the American Revolution, legislators maintained tight control of the corporate chartering process. Because of widespread public opposition, early legislators granted very few corporate charters, and only after debate. Citizens governed corporations by detailing operating conditions not just in charters but also in state constitutions and state laws. Incorporated businesses were prohibited from taking any action that legislators did not specifically allow.
@@AvangionQ Wow, I didn't know this. Thanks for sharing it.
@@AvangionQ teddy roosevelt was called the trust buster....theres only been 2 major breakups of monopoly practice... Standard Oil thanks to Eugene V Debbs and ATT in 1980....both monopolies were broken up ...standard oil into i dunno 30 or so comapnies and MA bell into 12 baby bells...southwestern bell and baby bells overcharged consumers with their new intrastate monopolies and used the money to buy cable comapnies..then clinton allowed more horizontal integration and the telephone cable companies got into celluar..AtandT boungt out Cingular ...im misisng alot of other mergers along the path..but ATT is now jsut as big as before...Standard oil has reconstituted itself into Exxon Mobile..
Excellent insight Coert Visser...thank you!
@@BettathanEzra Soon after breaking telecom monopoly US got scared (and still is) scared of China. Therefore, in the 90s US reversed the course and decided huge corporations are needed to compete on the global scale. In part, they were right - just look at the bitter fight for 5G hegemony.
'The people who have the most to lose from change can’t be placed in charge of reforming the status quo.' - Anand Giridharadas
aaaaaamen!
Exactly!
bellamoon The progressive Dems are the only ones representing the people, and trying to make our will as a nation, a reality.
Even w/a a top marginal rate of 99%, billionaires would STILL have the highest disposable incomes in the land, lose NONE of their purchasing power in the marketplace & keep their privileged positions at the top of the economic ladder. But yet they need more? medium.com/@jamesjkroeger/the-elites-fear-bernie-but-what-on-earth-are-they-afraid-of-a7ba8a880c8a
This guy is intelligent, articulate and caring. How did they let him on corporate news?
Arctic Wind they didn’t know how good he is.
even the interviewer seems reasonable and likable. we truly are in a simulation
Weird thing is they've invited him to the World Economic Forum (Davos) a couple of times. He's been on panels and presented. Always articulate and well-prepared
@@_tsu_ She actually said "But then the problem is capitalism" -- I was like dayum girl !
Arctic Wind ikr. Someonenis getting fired for that lol
Easy to win the game when you're writing all the rule and hiring all the judges.
Bingo! Very few people realize that the SCOTUS never goes against buisness especially big business!
40 years ago we had a UW Madison law professor kicked out of Harvard because he said laws were written by the powerful for the benefit of the powerful.
And you're in charge of education and influence churches so you can teach people that critical thinking, civil rights and worker protections are baaaaaad
And don't pay taxes...
*buying all the judges and politicians just like Bloomberg said he does.
Hate the game not the player? The players are writing the rules to the game.
guillotines people.
Agree!
We don't hate the rich we just want them to pay their fair share!
I do have Amazon prime and buy on Amazon but all I am asking is for Jeff Bezos to use his own profits to expand and create jobs instead of getting subsidies with our tax money.
Indeed 😎
bellamoon there may be some but it appears it's few and far between.. Income inequality, the racial wealth gap and labor practices are only getting worse and worse. I don't think people are ever going to willingly give up their own power.
He is being a perfect diplomat. Not to be confused with appeasement. ;-)
Edit: Oh. SHE said it. Perfect PUNDIT. She doesn't get it.
Anand's is really good. He disarmed most of Stephanie's arguments. Good job.
Absolutely. And he could do it because he's RIGHT
That's what happens when your argument is 'logical' and can be backed up by facts. Logic/critical thinking is a great thing!
@@moreofawave What does it mean for an argument to be 'logical'?
@@dontyoufuckinguwume8201 - It uses logic and facts, instead of relying on emotion and faith-based arguments.
@@dontyoufuckinguwume8201 Stupid question is really stupid
"dont take my slaves away!! why are you punishing my success??"
My daddy bought me my slave estate fair and square!
If you believe that then you don't deserve it. Success is a two-way street and it is too often built on the backs of others. When you succeed you owe as much to the people who helped you as to those who invest in your present. It is not those who work directly with you as much as those who buy the products of your success.
@@deepattison9329 Yada, yada, yada. The brilliant people who are now wealthy built this country. Not the poor, and not the middle class.
What a horrible analogy... lmao.
Thing is once the wealthy pay all their taxes, they are still wealthy. Once I pay my taxes I'm scrambling to survive.
Amen!!
That's why Bernie wants to raise their taxes. We have to take away that ungodly tax cut that the Republicans gave to the wealthy in Trump's name.
Tax wealth, not income unless that income is above a certain amount. The problem is the poor and middle class pay a disproportionate amount of taxes compared to their income.
The wealthy don't pay the taxes. They rig the system thus the average american has to make up the difference.
And without you they would NOT get rich! Whether it's building the product or buying the product!
She’s worried about hurting billionaires’ feelings. 😢
Yeah she was paid to defend them. If she doesn't then she will be replaced!
Strut Strutter 😮
poor billionaires. they're so misunderstood. they have it so tough don't they?
since when is telling the truth demonizing anyone?! no one gets rich in a vacuum. they get rich through fraud, cheating and stealing, overpricing their product and underpaying their labor and buying and corrupting the govt to protect their wealth, shield them from their crimes and enforce their will. this isn't demonizing anyone. its simply exposing the truth of how evil the elite really are.
No she is worried about the billionaires creating a new war !
A new war ( real war like against North Korea ) will end this crusader talk real fast
You say that as if billionaires are evil by default.
Well said about the phony free market: "If you're confident about your ability in the free market, you don't [need to] lobby the government to allow you a monopoly."
Right Mr. Sutliff. Uh, uh -- don't touch that discursive fig leaf! Tampering with free market rhetoric has the same effect as desecrating the catechism of any fundamentalist believer in fantasy.
Pertodt
CAPITALISM, HAS ALWAYS BEEN BROKEN.
How rich does one need be?
Combat wealth inequality.
PUT money in the pockets of the middle class, MAKE JOBS..
IT is the economy stupid.
Shut down WALL STREET speculation. REGULATE BANKING.
Tax the wealth not the people.
GO BERNIE!!! >
DEMOCRACY IN THE WORK PLACE >>>
@@jamesmorton7881 yes and I'm am willing to state this,... revoke the working class is sometimes necessary to use any unnecessary means. By
deployment a outbreak of an virus maybe even the Coronavirus amount the population. 🤪🤔
lobbying is guaranteeing a win every time That's not freedom it's fixing the rules so you always win - same as extortion
He did a excellent conveying his message. He definitely gets a round of applause from me 👏
Despite all the interviewer's interruptions
@@xuem19 revoke the working class is sometimes necessary to use any unnecessary means.
Like deployment a outbreak of an virus maybe even the Coronavirus amount the population. 🤪🤔
@@xuem19 She was playing Devil's advocate. It is an appropriate position for an interviewer.
Billionaires are hoarders. Hoarding is a sickness and greed is hardly a virtue.
BERNIE SANDERS FOR A POLITICAL REVOLUTION AND AN END OF HOARDING FOR WEALTHS SAKE!! THAT MONEY COULD BE SPENT 3-9 TIMES BEFORE GOING TO TAXES!! JOBS CLEAN ENERGY HOUSING LIKE THE PLANS THAT WERE LAID 30 YEARS AGO... JUST UPDATED!!
Someone has to invest money. A bank cannot loan money to you if someone else doesn't make a much larger deposit.
@@vids595 I believe it would all be the same. As i understand venture, it's when you invest in a new company. You need money to do that. If the company is successful people benefit by being employed. You invest in stocks which helps companies grow and people are employed. The idea that billionaires are stuffing money in their mattress is nonsense. The money is invested which leads to growth and jobs.
@Schlo 7G increasing class size and lower test cores. Wonder if that has anything to do with the liberal obsession with multiculturalism. Most of these illegal immigrant households speak Spanish. The kids are not going to thrive.
@@joecole5643 Money is invested in new technology to replace people so they don't have to employ.
"They got money for wars, but can't feed the poor?"- Tupac Shakur
Thank you!
We have overweight homeless people. That should tell you something.
@Andrea Mendenhall Yes it has existed way longer than Americans like to publish. Half the Americans with old money still own the lands given to them as welfare and are rich because of the farms that got snatched away. Not to mention welfare was created for white women during times of war and only white people during the depression. Yeah what you were trying to imply didn't go over my head.
I remember I showed my immigrant uncle this song. He said,I came to this country without anything but the ambition to work. He didn't speak one drop of English. Now, he is fluent. He feels that if an immigrant who had to learn the language of his new country can rise to the "top" and be successful- he makes 6 figures- one child out of college, the other at UT, owns land, has a beautiful home, amazing wife and well the list goes on...bottom line is he is not sympathetic towards his fellow American Citizens who are on the street. I don't blame him when I see it through his perspective.
Life isn't fair and life will strike with an unforgiving fist, hitting us all. Some of us make it to the next round others do not.
@Awkwardly Drowzee you are being deceived. Just to try and give you an example...time is irrelevant to someone's weight. It doesn't matter, for example, if I only eat once a day, every day of the week. If that one meal is 2,000 calories or 3,000 calories and puts me in a caloric surplus, than I will gain weight. This "slow metabolism" is a myth that frankly fat people use to deflect the fact that they are just under estimating the calories they are consuming. Just more of a victim mindset-it's not my fault mindset.
Meanwhile, here in Sweden we have more billionares per capita than the US. Meaning that a person in Sweden has a higher chance of becoming a billionare than someone born in America. And yes, we have a high marginal tax rate.
Money doesn't grow on trees. And cash that isn't used in the cash flow might as well not exist at all, as it doesnt contribute to the economy while it is just gathering in a pile. Of course practically you want everyone to gather SOME on it in a pile as a reserve for unexpected costs and events, but that only makes it all the worse when you consider the amount of your population that apparently live from paycheck to paycheck. The US is considered the richest country in the world on paper, yet it is really starting to become hard to believe when you can't "afford" universal healthcare.
And in case you are planning to say "but Sweden has a much smaller population, it's not fair to compare it to the US". You are right, it's not entirely fair. Having a much larger active work force, large lands closer to the equator, being raised with a language that is considered universal, a currency which every other currency is set to, with a much greater economy and weight to throw around as the leader of nato etc, as compared with a small frozen country in the north with an even smaller population, where basically only the southern half is even inhabitable, that use a small and obscure language - that recently also took in the largest amount of refugees per capita than any other nation - means that you have a lot more room to adjust and manuver your tax rates to affect the people as little as possible.
It's not that the nordic countries are over performing or punching above their size, it's that the US is underperforming. Largely, in my view, because of corruption. Logically speaking that is really the only explanation if you spend a bit of time thinking about it.
I consider myself a capitalist where I live. I believe strongly in competition for growth. And that's exactly why I despise your self-proclaimed "capitalists" who I prefer to describe as corporatists, when they prefer to nurture monopolies and socialism for the rich instead. It is also why I hope the american people will have the sense this time to elect Bernie Sanders in the next election. Or Elizabeth Warren. Or Tulsi Gabbard. Whichever you prefer, because whatever they may call themselves, they are closer to an actual capitlist than any of the others I have seen running. But the -isms don't matter. Good policies does.
And hey, thanks for reading this far.
If a country does not have natural resources. How can it get rich? Hard work and process. Buy make sell. If not that. Then they are thieves.
Well Said !
exactly
Bravo
Nasty but what about Venezuela Venezuela Venezuela Venezuela China Venezuela Russia China China Russia Venezuela.
Anand is an expert at making arguments in these kinds of forums. He knows how to play the game without compromising his message.
punishing success? we could do this french revolution style if they would prefer. .
Maybe just the top 5, then the rest would change their minds real quick.
Yeah! Revolution will happen if they don’t willingly change the system
🔱 We need more pitchfork emojis.
@@jamieh4148
They'll have to change, or get themselves fitted with blade-proof "neck guards" (probably in designer fashions and colors to match their fancy frocks).
**polishes guillotine**
I love this guest and hate this channel. Their is always the underlying narratives that indicate that those with their boot on your neck didn't do it purposely. Somehow you just crawled under there.
Outstanding....
its actually a good thing they push back. because people see that capitalist apologetics are very weak.
There*
Your word salad could use some Russian dressing.
Purposely, hmmmm
No you're punishing the poor and middle class we're paying for everything
No, THERE HAS NEVER BEEN A MIDDLE CLASS! Pay attention: There are 2 classes of people as far as economic is concerned: class that work and the class that make money! The class that make money do so on principle or the application thereof, while the class that work don't apply principle mainly because they have never heard of them or refuse to apply them. So where is the middle class at! It seems to me that this is the upper lower class!
@Majed Gallivant yet low income Americans pay more taxes (in term of percentage )
@Majed Gallivant please explain why Jeff Bezos and Amazon pay zero taxes?
@Majed Gallivant please explain why Jeff Bezos and Amazon pay zero taxes?
@@anthonymcmillian8785 SHHHH be careful, you're talking about the proletariat and the bourgeoisie (communism in a nutshell) and americans are terrified of that concept.
Let's reverse the question #MSNBC:
"Is taxing those who are Ultra-poor/ Ultra-Middle Class punishing their success". Know this, success isn't just how much money your have or being a CEO of a big corporate company. A stay @ home mother & the father who works & the family is content with earning less than $100K a year that covers all their livelihood could be a success. So therefore, WHY "punish" them by taxing them more than those who earn more?
Michael Collins good point
CAPITALISM, HAS ALWAYS BEEN BROKEN.
How rich does one need be?
Combat wealth inequality.
PUT money in the pockets of the middle class, MAKE JOBS..
IT is the economy stupid.
Shut down WALL STREET speculation. REGULATE BANKING.
Tax the wealth not the people.
GO BERNIE!!! >
DEMOCRACY IN THE WORK PLACE >>>
You are determining success from subjective view of the individual when this is not about success, but about being rewarded far beyond your worth.
@@deepattison9329 To me the analogy is the level of the water (pool of money)
is being pumped up to a water tower. ( the money is all around us, but
gets sucked up as profits, NOT returned as HIGER wages. If all we
have now are service jobs, they have to pay a living wage greater than
the poverty line) We are way to productive. MARKS was the guy who
made this clear.
TREMENDOUS INEQUALITY OF WEALTH. EXPLOITATION OF THE THE MAJORITY
TO MAXIMIZE PROFITS FOR A TINY MINORITY. THE OPPOSITE OF DEMOCRACY. CAPITALISM > > GREED > > INEQUALITY OF WEALTH > > MISSERY > > REVOLUTION French in his day
@@jamesmorton7881 Bernie 2020!!!!
God forbid we'd ask the rich to help row the boat a little. I'm sure that they prefer we all remain galley slaves.
@ None since the rich are paying slave wages. Even a 4 year old could understand that if you increase the masses' buying power, you would sell many more products. Henry Ford understood this. He paid his workers enough to afford his cars, and sold them by the boatload.
@DolphinsWIthIgloos Actually slavery does exist if you put in 70 hours a week working for someone else you're practically their slave as you no longer have any time for yourself.
they pay like 86% of tax revenues while paying historically low rates and in some cases they pay net zero in taxes or they are even taking money from the system from the government when you factor in all the money that is spent in the economy and the source of that money. Fossil fuels companies for example reportedly take 5.3 trillion a year in subsidies from world governments according to an IMF report.
Meanwhile the cost of universal education for all in the us is about 80billion dollars a year. And Medicare for all would net save us 2-6 trillion over a decade vs what we are projected to spend.
MrHalified if a business didn’t get more out of your labor then they pay you then they would be out of business and everyone losses together. Employees cost business more than the number printed on their paychecks
Carson Young 100% right on everything.
She says “hate the game, not the player”. But when the player is rigging the game Ms. Ruhle, you have to scrutinize the player.
SamBlue I agree 100%
Furthermore, I’m tired of these shills treating fat cats like some kind of vengeful gods.
“We must lower taxes, else they move their money to offshore accounts.
We must lower the minimum wage or the fatcat gods may see fit to outsource.”
Or this one “We can’t demonize the ultra rich, cause then they won’t willingly agree to unrig the system they rigged.”
Yeah. Okay lady.
So no rich person became rich legally or morally?
Biggg Thinker Define “rich”.
Also “morally”.
Is it moral to use your wealth to outright purchase politicians? To make those politicians ignore the will of their electorate to your benefit?
Is it moral to purchase and hold agricultural commodities all over the world and horde them, knowing that the prices will increase specifically because you’re making people starve to death?
The problem isn’t strictly that a person got rich. The problem is that corporate America now OWNS the government. Goldman Sachs is in control of both major political parties.
These corporations control the government, the judiciary, the media, and not just in America either.
There may well be a (mostly) moral way to “get rich”. But we as a society need to guarantee human rights to all people. And billionaires need to comply, or eventually they are going to find themselves surrounded by pitchforks.
You’re framing the issue incorrectly.
It’s not whether one person did something morally. The issue is whether the exact system of rules and regulations we have is best for our society. The answer is obviously no.
If Capitalism is going to be saved, we need to reduce the horrifying and growing levels of wealth/income inequality. It’s that simple.
@@definitiveentertainment1658 Rich: having a great deal of money or assets. Financially rich.
Biggg Thinker yeah still not sure how much money you’re talking about. 🧐
If you mean multi-billionaires?
Yeah that’s a pretty unethical thing in and of itself.
I can’t imagine having vaults of cash just for swimming in, while people starve, and die on the streets.
These people are in a bubble.
Cut off from reality and the suffering of others, who they could help without adversely affecting their own life at all.
They should pay their taxes like everyone else why can they not
They don't want to.
They need your hard earned cash to have a nice round number to brag of to their elitist friends. Don't you have a heart? They're hurting and need more of your money to feel better...
they are greedy outliers
This is why I dont get why people vote for trump or hilary and the establishment when they need healthcare and education and fair trade which is everything Bernie is proposing yet they vote against there own self interest and go with a guy like trump who aside from being a garbage human being is a billionaire who has giving his class billions in tax cuts
THEY MADE THE RULES!
CAPITALISM, HAS ALWAYS BEEN BROKEN.
How rich does one need be?
Combat wealth inequality.
PUT money in the pockets of the middle class, MAKE JOBS..
IT is the economy stupid.
Shut down WALL STREET speculation. REGULATE BANKING.
Tax the wealth not the people.
GO BERNIE!!! >
DEMOCRACY IN THE WORK PLACE >>>
Ask the real question, "Is taxing the middle and working class punishing work."
They are not the problem. They are the victims. That is why unions worked for the benefit of those who belonged but those who didn't were left in the cold.
👏🏻
"Then the problem there, is Capitalism"
Correct.
schaughtful I think capitalism is good for the country but not for the people.
Not really, it's people greedy people....
How can anyone say it’s fair that somebody who makes $100 million a year shouldn’t be forced to scrape by and only 50 million a year and it re-invest the rest back into the country?
When capitalism goes unregulated, it becomes something completely different.
Think about paychecks.
Every single American worker who gets up and puts on their shoes and drives to work and put in a full day at work gets a paycheck from which there are mandatory withdrawals for government programs.
These things protect all of us. But under-paying employees to the point where they qualify for benefits they’re literally going from a place where employment fed the economy, to a point where corporate slave wages are starving all public works, and discretionary spending, as this is how a healthy cyclical economy works.
We’re talking about education systems and roads and bridges and tunnels and fire 🔥 and police departments and libraries...
...we are talking about those things which define a civilized society as opposed to just a bunch of animals.
It’s not Capitalism vs. Socialism. Productive means should remain in private hands. It’s a fair democratic system where society sets up rules that are best for them and everybody pays in according to their ability vs. feudalist capitalism where the top 1% write the rules rigging the system so that they can further their supremacy over society. Btw, I’ve been at many ballot boxes and I never saw the ‘economy’ or the ‘GDP’ cast a vote.
if taxing the wealthy is punishing success then taxing the working class is punishing hard work!
Absolutely, it's hard to feel sorry for someone who will be 'less rich' while the majority worry about feeding their families and keeping a roof over their heads.
Thank you
She never answered the q: who said Bezos was a bad person? No-one, but she just repeats the anti-progressive straw man talking point and gets away with it.
It's her job to say what the boomer is yelling at their TV. A good interviewer plays a believable devil's advocate.
She answered the question through her dumb facial expression
She invited him to come and talk about this after a discussion on twitter so I'd suggest she's just trying to explore the issue fully, wouldn't always assume the worst about people.
@@sluxi invalid argument: your comment fits the fallacy of hasty generalization
@@emmabradford137 I wasn't trying to form a sound argument here, just saying it would be better for people not to do that in general. The parent commenter seemed like they did.
The conversation is changing in America, Social and economic justice is on everybody's lips. #feel the Bernie
My money is NOT your money, despite what you and Bernie believe.
@@UncleKennysPlace Unless you're supremely wealthy Kenny, you probably won't see much difference. Ordinary guys like yourself won't be affected.
@@UncleKennysPlace keep your money but pay your fair share to live here as well because you benefit or suffer from the state of the country just as much.
“Attack the game, not the players” That’s literally what he’s doing. At least he got an MSNBC host to admit that capitalism is a problem Lol
Capitalism is not the problem, it is the failure to properly redistribute the benefits of capitalism. Democratic socialism uses taxation and social programs to ensure a minimum lifestyle and create and maintain a vibrant middle class within a capitalist system.
@ thats a social democracy.... democratic socialism is something different. The difference between the two is that social democrats support practical reforms to capitalism whereas democratic socialists ultimately want to go beyond mere social democratic reforms and advocate systematic transformation of the economy from capitalism to socialism. Bernie is advocating for a social democracy
@@Klote3241 Sanders refers to himself as a democratic socialist.
@ wel his policy's are not full on socialism except for healthcare for all... al his other policy's are a mix between capitalism with social checks.
Why NOT attack the platers THEY are the ones who made the game what is is.
There is a fine line between "success" and "avarice." America's wealthy crossed that line 100 years ago.
Omg....I have not heard or read this word in a while.
Thanks
@@valdofranc3470 umm, ok.
Had to google what avarice meant, but I'm in total agreement hahaha. I don't think we should demonize the rich, but we have to stop people from being able to get rich by screwing over everybody else.
yup the new deal represented a unique break from what was always a greedy wealthy class.
I would say they passed it in the late 1950s.
The wealthy used to have 50x the wealth of most of the population. Now it's hundreds of times to thousands of times the wealth of most of the population.
Get money out of politics.
this should be the very first step to bring sanity back in to american politics
I thought the left wants more money in politics through higher taxes and large government.
@@eugkra33 , stop thinking. Progressives don't want corporations or billionaires buying elections. You have to be smarter than this.
get rid of money......we don't need it, we've just been conditioned to believe that we do
Say I am the head of a media company and I give good coverage to one guy because I have a stake in his presidency how do you stop that??? Money means nothing there are other ways to give favours .. if you really want money out of politics you have to first find a way to get favours out of politics
"Let them eat cake." --- last time this argument was used unsuccessfully.
let heads roll! LOL
"We got in an argument on 'The Twitter'". That was my favorite quote.
French revolution ''let them eat cake'' words of queen Marie Antoinette she got her head of chopped of the guillotine. That is what's need to be done with these elite thieves
"Who is saying Jeff Bezos is a bad /erson? No one is saying he is a bad person."
Bruh I'm saying Jeff Bezos is a bad person lmao
lol Facts.
He really eats iguanas
He's also saying Bezos is a bad person but he's smart enough to know she's trying to corner him and punch about character defamation when he's trying to stick to the greed of being a billionaire.
Don't shop at Amazon then
He's trying to make it palatable. He's not trying to discuss whether Bezos is a bad person or not. If you get bogged in this conversation, then you can't get to the meat and bones. He dismissed the argument saying that I hear he's a pleasant person. Then he talked about what the real vision of America should be. It was masterfully done.
No, it's punishing theft. When you pay workers less than a living wage, it's theft.
@Jason Steffler The last time I saw some official figures, the minimum wage would have to be $26 an hour to keep up with inflation. It's no accident it's not. You can only push us so far before we bite back. And us biting back is closer than I think most people think.
Not to mention the MASSIVE theft is where the wealthy profitably thrust their own externalities upon the poor and middle-class. Society has been picking up their tabs for decades. These wealthy people OWE the middle-class and especially the poor vast sums they've stolen.
Wait, do those companies put a gun on your head to work for them?
@Jason Steffler What makes you say that?
It's not theft.If sell my house for 100k USD less than what it's worth that's my fault not the fault of the person who bought the house. The person who bought the house is not guilty of a 100K theft. The Same thing is true when it comes to wages, If I accept $20/hour when I should get $30/hour It's call poor negotiating skills. NOT theft..
by the way truth is not demonizing. truth is simply fact... Calling the facts aren't demonizing. its recognizing a problem so it can be solved.
Oh shame, somebody bring the billionaires, who are having a pity party over having to pay their fair share of tax, a box of tissues and a tub of ice-cream.
the argument that we shouldn't make billionaire class angry in order to have them on the table, is on itself a proof of their influence, they have the system under their control. they are so powerful that we can't even democratically decide to reduce their power and the unjust done by them.
You are mistaken. What you want is facism/socialism. Democracy is the tool, that protect people from looters like you.
@@microdeluxe Democracy is evil. We need a Monarchy. "Repent ye: for the kingdom of heaven is at hand" (Matthew 3:2, KJV). Even so, come, Lord Jesus!
JusticeDemocrats.com
People often have a bias of aspiration where lesser millionaires envy the billionaires so bad and look down on the working poor to shill for them that they literally talk about the ultra-rich like they are above society thus will kiss up to them in said way. The poor that envies them will vote for rich people thinking they will get a piece of that success, when it is well known rich people only push policies to give themselves more protections and remove protections from the poor.
Anand: "The problem is the system."
Ruhle: "Yes, but don't you think the problem is the system?"
the system is the problem.
It's a systemic problem.
A fair counterargument, Steph.
I like her because she doesn't seem to have anxiety about showing that she's not very bright.
Lmao nailed it
Dear Billionaires, We want our money back and we are voting in 2020. Sincerely, The Middle Class.
What do you mean with our money?
@@Tobi-us3cu Meaning the redistribution of wealth to the 1% comes out of the middle class pocket in the form of higher tax burden on middle class, wage suppression, etc...
This brief exchange perfectly exemplifies the whole debate about taxation and wealth.
The question is: "whose money is it?"
I think it totally misses the point.
In my opinion the question should be:
"in which society do we want to live in?"
its either everyone for himself and his family, or a future in which people accept that theyre part of a society in which every one can have a worthy life.
We have the means to raise everyone in the world out of poverty and hunger - thats not news to anyone.
We are made to believe that people who own more than they could possibly ever spend deserve it.
And while hard work and risks taken should get you more than your peers, it should never get to the point where you taking more makes another person lack for food, healthcare, live paycheck to paycheck etc.
@@brawlinharry6461 I can answer your question say billionaires are farmers and we are the crops and soil. The Billionaire's can reap all they want from the soil but if the billionaires don't till the soil and take care of the soil it will not yield crops. And soon the crops that the billionaire holds spoils and rots away.
@@TacoBear_Studios i kinda answered my question by myself. :D
and while i largely agree with you, i think your language is too aggressive.
no one wins if we cannot see each other as humans anymore.
When América really had a big middle class billionaires payed 60 to 70% tax.
90% was the top tax rate during the Eisenhower administration.
@@jollyandwaylo Reaganomics was the beginning of the death of the middle class and the decline of America as a whole.
I agree but we're not going to fix that without international cooperation. Want a wealth tax? Let's get Canada and Mexico on board so that the wealthy have fewer places to run to.
@@francisluglio6611 Countries that were tax havens for the rich are slowly starting to realize that the rich dont spend any money there so having no were to run to is slowly coming
Wrong. No one EVER paid more than 50% in income taxes. NEVER. Never.
Even Henry Ford as the ultimate Capitalist was smart enough to realize that if his own workers couldn't afford to purchase Ford motor cars, the product of their own labour, his business would collapse.
What happens to Capitalism when the American worker of 2019 , who needs to work 3 jobs to survive can no longer afford to purchase the products American billionaires who off-shored the best union made products to China? The balance that gave American workers a decent income and corresponding lifestyle that allowed ordinary Americans to become educated and excel above and beyond their birth status is no longer there. Capitalism collapses when ordinary people cannot afford inflated prices for products now made off-shore. Democracy collapses when government no longer fights for the aspirational dreams of the non-billionaire, ordinary American who 30 years after Nixon/Reagan, is now drowning in debt.
if most of this country had your sense this problem would be solved yesterday
"Inflated prices for products made off shores"? Do you realize how economics work? the REASON people make products in china is so that they can have cheaper labor and thus CHEAPER products in order to make their products more attractive. If everyone made products in the US and then unions hiked up the American worker's salaries, that's when you would have crazily inflated prices. Make sense?
@@pascalkonyn3312 Over the long term thats what will happen. But the market doesn't respond immediately and companies will never drop their prices unless they're losing market share. So in the meantime people have no money and cant buy things.
This guy has said it all perfectly, Thank you
Agreed, he describes the problem perfectly.
Agree!
Agree!
We don't hate the rich we just want them to pay their fair share!
I do have Amazon prime and buy on Amazon but all I am asking is for Jeff Bezos to use his own profits to expand and create jobs instead of getting subsidies with our tax money.
@@Daniel-wp8ki Jeff Bezos did create jobs. Amazon employs 615,000 people. Bezos neither exploited a monopoly nor inherited his money. He founded a company which filled an empty niche and outcompeted every other competitor. If you feel Bezos has too much money cancel your Prime membership and shop elsewhere there are alternatives.
@@KenS1267 That's not the point, it's how much is too much? (And, having AMI ruin your marriage and put the bullseye on him!) Is that to get that much control is to work the system from both the outside and the inside! I don't say you can't be wealthy, I say you can't be wealthy, so wealthy, that by working the new tax code, your family will NEVER have to worry about where the NEXT BILLLION is coming from! The greatest economy in US history was post WWII! The top tax rate was 90%, and when the debt for the war was paid, President Kennedy cut taxes, continuing the growth of the economy! But, the US doesn't pay, upfront, for the wars over the last two decades, we charge it! Now, I'll bet almost nobody in the Fortune 500 had a family member serving repeated tours in the Middle East since 2001, so to balance the blood with money should be an easy trade for them! $7 TRILLION for the last 18 years! Tax the Rich and Super-Rich until the National Debt is serviceable, and with the money saved from paying the interest on the debt, start building infrastructure we have heard so much about! The US has one of the largest belts of high solar input! We have the technology and the area! Then start getting a Middle Class that compares to the 1950's Middle Class that built the Interstate Highway System! Eisenhower called it the National Defense Transportation Act(that's close enough)! "o where the money's at!" Willie Sutton!
Ken Shaw AMAZON 👏 IS 👏 A 👏 MONOPOLY!!!
Imagine hoarding all the food in a small village, more than you could ever eat in your entire life and only a tiny amount you hand out to that village just to keep everyone there who works for you fed enough to stave off hunger and have the energy to collect the food for you. Meanwhile all that excess food in your storehouse is rotting and going to waste and no one else will ever benefit from it even when you hear that other villages are falling on hard times and starving. That is exactly what is happening today all over the world with wealth.
Great analogy! But i see the rot happens to the people hoarding the money i.e Trump!
Casey28xxx
Excellent analogy! Thanks!
Bernie 2020! 🔥
Casey28xxx that’s what Americans are...hoarding intense amounts of excess while watching others suffer. They sleep like babies at night and call themselves “christians”. It’s disgusting greed.
@@drbobperkins Not just Americans though, it's pervasive in every country around the world, just obviously on a bigger scale in the richer western countries. Capitalism has been great for getting us where we are today but it's now time to take a more moral path towards the future so everyone can benefit as equals.
This is not a good analogy, as one of the main things about money is that it does not decay (except for the effects of inflation) unlike food, which does.
If you are hoarding huge amounts of food, even if it will rot, you are comic book type of evil. People would revolt for sure. But with money/capital, it does not decay and hoarding it, to gain even more money with it, is actually a quite logical strategy. You won't win any sympathy awards with it, but under the rules of the game, it simply makes sense, that is the problem. And because it does not decay, the wealthy can claim that the rest of society can always take it back by "being innovatie and working hard", i.e. through merit. The fact that many of the oppressed actually believe in this meritocracy myth enables the system to persist (among other reasons like lobbying etc.)
"okay but the problem there is capitalism"
WELL YEAH DUH
That's like slave owners back in the day saying "okay but the problem isn't us, it's that slavery is legal"
It is actually pretty easy to argue against capitalism, as it is by it's very nature an exploitative system.
It's more corporate crony capitalism
@@danielbtwd Capitalism directly and logically leads to corporate crony capitalism. Every time you had "good capitalism" for a while, it was followed by a period of "bad capitalism". That's what happens when you give the most power to crony corporate types they erode institutions further and further, until they get what they want.
@@OsefKincaid yes I put it down to bad education. Maybe also orientation towards competition vis a vis cooperation.
Is she being purposefully obtuse? He explains his positions repeatedly, and she keeps putting words in his mouth.
Nah, she's getting paid to act that way. After all she is one of the wealthy/rich paid by the uber rich to defend them. Her net worth is ~$5.2million.
I think she was playing devils advocate, and he was aware of it. She made him explain things again until it should be clear to the listener.
@@JaniceHope yeah but 5.2 million isn't uber rich. It's rich, but you're missing just how rich these billionaires are. I'm fine with the upper class being millionaires. That seems healthy in this economy. But having a separate class of rich is the real danger.
No one is so blind as the one that refuses to see.
@jacobpaige you understood nothing. I feel pity for you defending who abuse you. If you have a job and a family like most people all around the world, you will notice that the working hours are growing and the salaries are becoming smaller. You defending billionaires that don't let you enjoy your life and your family. Like most people in the world you don't have a life when you have a job
Jeff Bezos needs to pay his share just like everyone else.
seriously that MF is making up deals to bring jobs so he can get away with not paying taxes. SO basically he gets all the US benefits by not having a single dime to pay for it.
Dude hes giving us jobs communost
@@Mandelasmind He still has to pay taxes.
@OsuVox whose fault is that? Government give him these breaks. Of course make the best out of it. Blame the govt bot the ceo.
@@somkeshav4143 I guess the whole system is messed up.. we get rammed from both end big government and corporation. The never ending cycle.
Nobody said Jeff Bezos was a bad person smh stop taking things and running with it understand what we are saying... we’re tired of a society that only seems to work to benefit and enable the rich and wealthy while perpetually neglecting the middle, working and poor class and putting the bulk of the burden of carrying this society on our backs and stifling our growth and potential!
You said so well! It never stops amazing me how the downtrodden seek those that will step harder. I hope one day our country will be filled with intelligent people capable of voting for things that benefit everyone in our nation and not those that would step on the majority the hardest.
Republicans don't care about facts, nobody's attacking the rich. That's their ploy to shutdown the conversation.
Jeff is anti-democracy... And so is every other bum that pays to influence our politicians
@@midnighteye2737 Someone is attacking the rich. And if an MSNBC host is taking up arms in support of capitalism - you know it's an all out assault.
The Amazon employees who went on strike did amd alot of other who say he treats his employees like crap did.
I don't mind people being rich! I mind them standing on necks that aren't able to live a comfortable middleclass because they refuse to fairly share their success! WE make their success POSSIBLE!!!!!!!
amazon is in desperate need of some anti-trust laws on it's throat
I DO MIND PEOPLE BEING RICH, when they get that way on the back of those making them rich with their labor. I HATE BEZOS when I read about the working conditions of Amazon employees.
"Hold on, are you controlling how much money I make?" Isn't that exactly what Bezos did in Seattle?
But, it doesn't count if the "free" market does it, right?
Is taxing the working class punishing work? Is taxing the poor punishing poverty?
Taxes aren't punishment. If you're gaining from society you contribute back to society. If you've gained more than anyone else, why shouldn't you give back proportionate to that?
Andrew N. it’s called the collective good... A Marxist concept ....
@@rachelmacdonald723 Yup. I mean we could go that much further and point out their "success" is primarily from the inherent theft of labor value of others, too.
The top 20% of Earners pay about 88% of federal income taxes.
www.atr.org/top-20-households-pay-88-federal-income-taxes-0
Meaning that the bottom 80% pay the remaining 12%
"If you're gaining from society you contribute back to society."
Yeah, and Jeff Bezos benefits tens of millions of people by having a secure, easy to use, reliable selling platform. He didn't get rich by being greedy, but by being useful to lots and lots of people. So did Bill Gates. So did Steve Jobs. And so on.
Did you see your bank account go down when LeBron James was awarded a reported $1billion contract with NIKE? Did someone take your wallet when Facebook went public and Mark Zuckerberg was made a billionaire overnight?
More importantly, when Facebook stock took a dive, and Zuckerberg lost a record $15 Billion in personal stock asset value, were you on the hook for that? Unless you were a facebook stockholder, the answer is almost certainly no.
Because it will require all documentation which will lead to a tax evasion case! Thats why!
What you're not seeing is proportionality. If I make 50 bucks and you make 30 bucks, and i have to pay 50 percent tax while you only get to pay 30 percent tax. Is that fair? Do the math.
Not american, but how "succesful" are you if you inherit a billion dollar legacy for generations?
Their success is in keeping the money, /s
@@codypolar6593 must be so hard to inherit hundreds of millions of dollars
@@johnpliskin8759
a lot of people blow their money though. its not guaranteed.
@@johnpliskin8759 I'm thinking you didn't understand that my comment was a slam on the elite who inherit from their families
@@codypolar6593 Nope he didn't get it😂😂😂🤦🏾♂️
“how are we going to bring them to the table?!” simple, we aren’t going to
"Mx. Smith, you have been found guilty of stealing from the American working class. What sentence do you think you deserve?"
@@XxThunderflamexX That is Trump's view of justice. Impossible.
👏👏👏
"...even though facebook's kind of a plague..." This guy is on my good list for the year.
It's time for them to pay their fair share🤑
did i hear someone say guillotine?
fair share like if you make 50k and get tax 15%, then if i make 100k i should as well get tax 15%? that's pretty fair right?
Lol this problem is only a problem in the USA go look at the German taxes looks fair to me
@ im not talking politics or innovation im saying tax system and it's pretty fair google it well at least its better that the us imo
No taxing the ultra wealthy is not punishing success. The law of diminishing return applies to wealth & whether you are making 50 or a mere 40 times the wage of the average worker your quality of life & motivation to succeed remains the same.
he average ceo of large companies now make 300 TIMES the wage of the folks who work to make them money.
Consider that if you made millions from a company you started and ran as CEO, that money could be considered as rightfully earned. Yet, when you have made so much money that you cannot spend it . . . that money goes into so-called investment portfolios. The rate of return on millions and then billions in investment portfolios is higher than the GDP rate of every country. China has a GDP roughly 6.5% for 2018, you can bet the rate of return on every billionaires investment portfolio's is much higher. That interest made on "investment returns" . . . is actually theft from the entire global society.
In real terms what this means is that billionaires are sucking down more money in "investment" generated interest than there is profits for ALL of the businesses in the world today.
@Thomas Austin Regan ruined America
Not taxing the ultra-rich correctly is killing the bottom 99%.
Wrong. Our gov doesn’t spend money wisely or effectively. U Can tax the rich 100% nothing will change.
I LOVE this guy.....and he's absolutely correct in his analysis.
I'm getting revolution vibes lately......I think it will happen in my lifetime....
I'm giving it 2 or 3 years!
Feel the Bern baby. The best is yet to come ..#Bernie2020
As much as I hate the idea of this situation being solved by violence... I increasingly struggle to imagine any way for this to end that does not involve violent revolution. The inequality of wealth in our country has surpassed that of literal slave-owning empires as they collapsed from it & only appears to be getting worse. Talk of changing this politically repeatedly fails to do anything and I have little hope of any administration changing that, even if the next is a liberal administration explicitly voted on promises to do so.
I agree....although I think that people that are anti 2nd....live in cities where they can't feed themselves....and have a safe space meltdown when their internet goes down. Will not fair very well in a Revolution. If there is one it will be over in a month....and all the people with masks and pink hair will make good compost.
@@redriver6541 I'm an independent, and I don't know anyone who is anti 2nd Amendment. That is a false narrative from the corporate media, in my opinion.
When is the last time you actually heard the words "I want to repeal the 2nd amendment", or anything of the kind?
Guns are important to protect ourselves from BOTH governing bodies!!
I hope you aren't planning on shooting fellow citizens just because of their hair color!
She is talking so much she’s not listening.🙄
She’s a real blabbermouth.
At 6:25 she essentially repeats back to Anand the very point he was making as if it was her own point.
Purple Passion I used to watch her show. Now Stephanie doesn’t even make sense especially when she’s slobbering all over wealthy guest and capitalist ideas.
While over dramatizing her speech.
Shes stupid she sounds like a hyper little kid that wont sit down
Bless Anand for his insight, persistence, and most of all his patience.
The wealthiest people I know are always the least happiest people I know.
Lets do them a favor.
If there's any consolation to the ever widening inequality gap, money in itself will not lead to happiness. Heck, I know some homeless individuals who seem to be happier than the wealthiest people I know.
Right. Too busy complaining and judging. Jamie Dimon says people don’t want to work. Where did he get that idea? He left his office?!
Happiness is under your control always.
My husband used to say that the reason we tax the rich more is to keep the common person from storming their walls and directly taking back what they have stolen.
Exactly! historically, how many Nations have fallen do to the greed of the upperclass? Are we going to allow our great (financially & economically) nation to succumb to the same result because of that greedy bunch?
history demands we take it back every so often... given the wealth disparity and undue influence the wealthy wield in this democracy, now's a good a time as any.
they’re taxed more but end up paying less due to legal loopholes and tax cuts .gary cohn one of trumps
financial advisors said only morons pay estate taxes. if an average person skipped out on taxes it wouldn’t go well for them.
ivyshaolin is right. Even when the ultra-wealthy have a higher marginal tax rate, the percentage they actually pay is much lower than the poor and middle class.
Hes right!
Maybe it’s just me...🤷🏻♂️but...I don’t think she wants to change the system.
There's something she's wanting but something tells me it's a bit more tangible and wearing a nicely tailored blue suit.
kettle chips yea the um-hmm
She is bringing someone to a debate, and in order to actually help him convey his message, she has to play devils advocate and make the defensive arguments,thus allowing him to make the proper points and Express the whole value of his message . If you are a regular viewer pf her show ,you would know by now that her views fully align with the todays guest when it comes to the economy.🤷🏻♂️
When she called it “THE Twitter”, that already tells you her POV on progressive issues.
Reich is right! Love the message Anand is getting out there!
The news anchor asks "how are we going to get that powerful class at the table?" My response: by us working class folks standing in solidarity. We must stick together.
Why are we trying to get them to the table, so they can do everything they can to stop what we're doing? What table in the first place, making laws? We don't need them for that.
Unfortunately US citizens have had solidarity systematically eradicated from their thought process for decades. We have been indoctrinated with consumerism and self fulfillment.
I've been preaching "vote with your dollars" for years... people don't get it. Or get it, and forget it the moment their button is pushed to 'want' something. As a society we can't even bring down the cost of a cable TV bill because people can't do without their sports addiction long enough to tell the cable company to stick it.
Sadly, the uber-rich know how to push the buttons of the public. I'm very, very sorry to say I've given up the hope that we can ever take back our country without violence against our oppressors in government and corporate America.
If the ultra-rich elite don't want to come to the table, they can stay home. We'll fix society without them.
The French have this cool thing called a guillotine.
I think they used it once for something...I don't know what.
We don't need them at the table we need them at the guillotine
"Humanity First", that's actually a nice campaign slogan.
Sudhir Kakar that’s quite a stretch there Sudhir. That’s not what is meant by that, although to each his own. I guess it shows where your head/thinking is at. In wider circles, Humanity first means that as a society we see people, and their lives, as more important and valuable than money
Siegaplays Andrew Yang’s campaign slogan is “Humanity First”
you're so right lol #yang2020
@Sudhir Kakar that is absolutely not what that means. are you for population control or something? do you realize that when people have homes, food, housing, and health care, they will be able to take care of their kids? and if they can take care of their kids, then the kids won't grow up as poorly? The solution is not a declining population (this will actually be a MAJOR problem in the future, see japan)...
the solution is attacking the causes of poverty, as in a system that keeps people at the bottom for the sake of the people (or so they think) at the top. In reality, if poor people have money, then they will have more buying power, and wealthy people will no longer have to feel bad about their wealth.
@Sudhir Kakar so would you agree that education is the most important step in building a better future? and would you agree that we can afford to pay for free college & should, instead of paying for wars that cause other countries' "low income immigrants" to have to escape terrible living conditions due to the US wanting oil and/or regime changes?
"The problem there is capitalism!" Yes, exactly.
only if you interprete it like the americans do XD
John Lawson the problem is no just Capitalism rather the kind of capitalism
It is capitalism run amok.
The problem is NOT capitalism, it's UNREGULATED capitalism.
"Capitalism" is not the problem. Its greed. People need to undestand that the two are *not* the same thing.
“It’s an immoral system....
4:46 We have made a very weird social decision to allow people to be billionaires before taking care of the public good”
Is not paying workers a living wage punishment for work ethic?!?! MSNBC, CNN, FOX why do you always frame everything from the perspective of Corporations and Rich people?!?! Ask the question why aren't workers paid enough to cover living expenses? Are the workers being punished for working hard! This is why I hate mainstream media!
You have to remember, all these news media outlets are owned by the rich and they have a vested interest in keeping their money. Anytime the news touchs on this topic they have anchors ready to defend the obscenely wealthy and spew out bs arguments on why it is "punishment for success" to have them pay their fair share in taxes. Very disappointed in Ruhle here; she couldn't even name someone who she claimed "demonized" the wealthy. When you have to make up things to support your position you might want to step back and remove yourself from the conversation.
I hate it as well. Like why are you even posing the question from the perspective of a very very very very small minority of Americans?
@Ashok Hegde Another extreme comment. You and the people who complain rich people are all lazy and are just lucky are two sides of the same tokens. There are plenty of college graduates who have a hard time with money. There are plenty of rich people who came from nothing. Grow up, stop making everything absolutes.
She thought she was playing devil's advocate, but ended up looking silly and smug.
Not gonna get the rich to the table voluntarily - demonizing them or not. So you might as well just tell it as you see it.
The implicit understanding that a corporation’s responsibility for their workers’ well-being was universally accepted until the Regan era - an era when greed began to replace social responsibility, empathy, and concern for the needs of working-class Americans.
Let’s forge another, more American direction. Go Bernie!
I first began to get into the workforce just before Reagan took office. I voted for him the first time. I spent 4 years waiting for the trickle down. Still waiting. I am now near the end of my career and while I did ok and built a new house 16 years ago -- that happened when I was 50. I was blessed, my family has a little land and gave me 5 acres. But I have very little 401k since I got a late start into a career nearly by accident. I know my grandparents all had a better life than this. I know all those who have worked hard to create multi-millionaires and billionaires, did not get their fair share. These ultra rich did nit build that themselves.
Why do we need them at the table? That’s completely the opposite of what he’s saying.
Right. Most of these incredibly rich peaple were smart enough to game the system to make so much money they can buy a nations gentire government. I assume they are smart enough to of already figured out the people will forcefully take it back. They should already be at the table and they are nowhere to be seen. Thats all i need to know to see the people will have to force the change.
Taxing poor people is punishing success . If you make less than $50,000 a year you should pay no income tax , state or federal . The rich should be taxed for their assets . A wealth tax is in order . The rich can hide their income not their wealth .
I'm not a full 100% certain about taxing all their _assets_, but their INCOMES, YES!
Check out the Tobin Tax
It is all about risk and reward ...the rich WERE willing to pay because they were afraid...now the world has more and more safe places to park money and run businesses ...people can run their world wide businesses from their corporate jet if they choose ...60 minutes did a show on Switzerland ...there was company in Texas incorporated in Switzerland "allegedly" to avoid paying higher corporate taxes...the Government passed a law saying "to be incorporated in another country the Directors must reside there" the members of the board were offered a choice move to Switzerland or give up your position ...they moved ...not only did nothing change ...they lost the individual income tax those people were paying as well ...at least they did not move the company that employed 2000 taxpayers to another country
For the most part, households with incomes of around $50,000 can expect to pay effective tax rates of around 10% or less. That's good news for those who have to count every dollar in order to make ends meet, and it's important to take advantage of key tax provisions designed to make the tax system as kind as possible to typical Americans and their families.
About 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?
By the way, earning $500,000 a year doesn’t make one rich. It’s not even yacht money.
But the fairness question goes further. The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.
Thirty-seven million tax filers have no tax obligation at all. The Tax Policy Center estimates that 45.5 percent of households will not pay federal income tax this year.
There’s a severe political problem of so many Americans not having any skin in the game. These Americans become natural constituencies for big-spending politicians. After all, if you don’t pay federal taxes, what do you care about big spending?
Also, if you don’t pay federal taxes, why should you be happy about a tax cut? What’s in it for you? In fact, you might see tax cuts as threatening your handout programs.
I like this guy, he should run for office.
Andrew Yang’s policies addressees these issues and more. Definitely worth supporting.
Richard US problems:
Wealth inequality
Unaffordable tuition
Unaffordable healthcare
Climate change
A bought government
Monopolization of markets
Andrew yang: here’s $1000 you figure it out
Yang has no answers for systemic issues. He thinks the problem with America is people don’t have enough money. The problem is they don’t have enough power. He doesn’t have plans to change what’s fundamentally wrong with the country he only offers a tool to help us cope with it. I was a big fan of yang when he entered the race and I still support ubi as a useful tool for society but until there are structural changes in America it’s like having a cocktail umbrella in a hurricane. He just falls short in too many areas.
Yang gang is about all of that
Bernie Sanders solves this issue. He is the only one we can trust to do so.
@@Andres-cq3ly why the only one? they both lay similar issues
Humanity first... almost like what Andrew Yang was proposing 🤔🧢
It's called "giving back" to a society that helped them get rich.
Perry Dee absolutely
The dues need to be commensurate with the benefits realized. Any honest rich person has no truck with the concept.
Yeah and it's not even just "giving back"
They're actively skimming from people who actually work for a living, right now.
I don't understand how people aren't getting out the pitchforks. If someone said "we're going to pay you $100k a year, but 80k of that will go to your boss as an employment fee, because he's a job creator" would that be enough to make you mad? It's a RACKET
If nothing else then why do they get infrastructure support paid for by gov? Why do we bend over backward to shore up transport and utilities for their private usage, if they can't even pay basic taxes?
Pam M or they wait until they expired from this earth
6:46 AG: "I actually think that it's their job to be companies. And it's the society's job to take care of the public good. I think what I don't like is those companies using cosmetic do-gooding to try to stave off democratic action."
Also
6:40 Ahhhh {Stephanie sighs}
This dude should join Rutger Bregman and start the economic revolution
She wouldn't answer his question, " who's saying he's a bad person?"
She can't say "me, i am" haha
Anand Giridharadas is one of the most important voices in the world at the moment.
If fiduciary responsibilities are the issue, then make the workers the shareholders. Problem solved.
Show me a great fortune and I will show you a great crime.
You'd have to describe great fortune. I have a wonderful brother who has made very good money and uses that money to help people.
I know look at all the churches. That they continue to monopolize on humans grieving, sadness and being afraid. I love Christian and Catholic cult's. Wish I would of went to Bible School and became a "holy man" so I can steal from you and make you feel bad when you question me!
Barrie Cowan @ You are 100% right !!
Ice Bear35 @ I love Moses the most !! He is the biggest lie ever !!
Limp wristed deviant betas always hate those who play by the rules and succeed.
Here's the answer: " We want to make it easier for you to become a millionaire. We want to make it harder to become a billionaire."
Anand is a brilliant observer of reality.
Ruhle, not so much.
What do you need with a 65 million dollar house or silk wall paper in bathroom golden toilet when people need education and health care
and who are you to determine what another person needs or dos not need?
Well I'll say this as a black man who has made 6 figures for the last 15 years. I want those things because I can afford it. While I'm no Millionaire or Billionaire I buy what I want because simply o can afford it.
Compton LA Thats fine, but when you have billions upon billions to the point where you have no idea how to spend it, so you buy a golf course for your 12 year old nephew, I think sparing that money towards a few million Americans who could really benefit from it would probably be the best moral thing to do.
@@TheGuym619 stop going on youtube and using amazon, otherwise you're just lining their pocket :)
@@TheGuym619 but that's the thing I don't have to give anyone anything, I build my billions why do I have to help you out???
Stephanie ruhle: spokesperson for the corporate oligarchs.
I think part of her MO is playing devil's advocate
If that's the case, then most of the commentators on MSNBC and CNN are playing devil's advocate to anyone who doesn't fall in n line with the corporate democrats.
That's called being a journalist and ask tough questions.
Too bad they didn't ask Hillary the tough questions back in 2016
Very well said
When I was just a kid, during Kennedy,
the top tax bracket was over 95%. Those
people were all still very rich, even after
paying all those taxes. And that paid
to build bridges, send astronauts to the
moon, give citizens almost tuition free
public universities, and fix the potholes
in the street.
Great content.
Keep up the good work.
בס״ד
"The Moral Glow" of the 'ruling class.' I love it!
Mixed economy is the way to go. Use the best of capitalism and socialism and whatever methods and tools available. Work smart to benefit EVERYONE
If our government is for the country and not just the few super wealthy, then a fair tax rate to reduce our debt, an increase in wages based on the work done, and complete transparency of our politicians campaigns would allow our nation to soar as it did in the fifties! Make being overly wealthy an ugly thing such as smoking or being fat!
humanism vs plutocracy thats all needs to be done... money out of politics..they should not be allowed to have the biggest voice because they are more financially successful.. bribery and money out of politics.
Lol... What a dumb notion. Clearly not well read enough.
James Lade we are a mixed economy
the host made me think im watching fox
Anand is speaking the truth! 💯 This is about an immoral system.
stock options are not hard work!!!
they make you rich but not smart!!!
they make you lucky but not wise!!
About 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?
By the way, earning $500,000 a year doesn’t make one rich. It’s not even yacht money.
But the fairness question goes further. The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.
Thirty-seven million tax filers have no tax obligation at all. The Tax Policy Center estimates that 45.5 percent of households will not pay federal income tax this year.
There’s a severe political problem of so many Americans not having any skin in the game. These Americans become natural constituencies for big-spending politicians. After all, if you don’t pay federal taxes, what do you care about big spending?
Also, if you don’t pay federal taxes, why should you be happy about a tax cut? What’s in it for you? In fact, you might see tax cuts as threatening your handout programs.
Stock options is like gambling. A poor man has no business buying or trading stock's just like he has no business going to the casinos expecting to one day strike it rich. It happens occasionally but the media odds aren't in your favor. The rich who have the money to loose can afford to loose their money in any way they wish. The rich are what we all want to be but very few ever make it. Why do people dislike what they want to be.
@@joshuashortnacy6713 Buddy you can diversify, in the long term stocks arent very risky, you just have to put some of your income aside into the S&P 500 and watch it grow
So glad Anand is getting air time!! We need to be hearing this!!!!!!
The Wealthy & Ultra-Wealthy pay less taxes than everyone else.
Percentage but it depends. Some pay zero while some pay millions and millions.
Tax loopholes. Also being a large business owner and shareholder/investor means pay less to zero taxes. Only employees pay taxes. Employees are modern day slaves
MSNBC if you're listening: Give this man a louder voice. He gets it! This is why Bernie is winning, but Anand gets the same ideas across in a less polarizing and easier to digest way.
That said, we absolutely need a leader who isn't afraid to get mad at corruption.
@@XxThunderflamexX I agree, but one of the biggest critics you hear of Bernie is he is always yelling. There is a significant number of people who shut down at that point and the message never gets through. We need people like this to be swayed by a calmer, rational style.
"Hate the game not the player"
Lady, the winning players rewrote the rules of the game over the last few decades.
Is taxing the poor, lower class and middle class (financially speaking) punishing us?
Our country always did great as the rich were taxed more.
HE IS RIGHT! We are unbalanced. We need to get in balance. Other countries do it! We keep saying we are "THE BEST COUNTRY IN THE WWWWORLD" yet we don't do what it takes to BE that. We just SAY that phrase to please the sheep. WE NEED TO WWWAKE UP!
Imagine you plant an apple tree...
You spend 8 hours a day nurturing this tree, and after 10 years of hard work it starts to bear fruit. Then your neighbor who owns a dozen apple orchards shows up and chops your tree down. He gives you 1 bag of apples and keeps the rest.
This is what the rich are doing to American workers.