What Janet Yellen JUST Said About New $1,400 Stimulus Checks...
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Volker shock inc. Oowwwe.
She did not just say if we were properly measuring unemployment?? All of a sudden.
Big corps never will pay higher taxes, they will have better excuse to raise prices and customers will pay for all that ….
So we gonna sit here and pretend like there are no deflation items happening? Low employment and growing population increases the value and need for $$. Money itself is scarce. The top 10% have most of the money….Inflation is concern but there are deflation forces at work too. Fed has to do an interesting balancing act for the next decade.
I thought that was a guy lol
You’re missing it Tom… They want to destroy the US economy… They know exactly what they were doing.
very nice. A 90-year-old dinosaur has to decide on behalf of everyone in a country on whats best for them…
The stock market is not the economy. The market does not represent the Small Medium Businesses. SMB and people not working at publicly traded company need the relief.
Dude, you're already seeing inflation. Have you went grocery shopping or just shopping in General for household items? The Prices are going up. How about the gas pumps? I know you Drive. She's giving you a play as to what's going to happen. There's no Fear of Inflation, Inflation is Happening!
What Yellen proposes is 100% socialism. The biggest problem is getting rid of it, because no government is ready to make the tough decissions needed to repair the damage that is being done. The US will be stuck in this loop for a looooong time if it doesn't act now, if it isn't already. Same as here in the EU.
Someone should read "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" by Stephanie Kelton. – Inflation is not gonna happen
What you need is everyone is cali and NY to go back to work. That will get that unemployment number down real quick
THIS YELLEN WOMAN IS A ZIONIST JEW 💯
Sounds like what trump said. Unemployment or shutting down your business in bad for people welfare.
How about government officials sacrifice the salaries we pay until it’s all paid back
Globalisation has made wealth equality impossible
😅😅 Well wouldn't a more appropriate preface to the first question address the nearly 1Trillion sitting in wait from the previous bills? Targeted stimulus aside, how about the 90% non-covid related junk.
The targeted stimulus to help struggling people is not being criticized, it's the 1.3 trillion that is not in any way associated with covid-19.
She needs to retire. why do we have all these old rich people running everything
Great call a while back on CHEK. Sold out of my position this morning at $4.03 per share for a 250+% gain! Will buy again soon on a pullback!
Yes..increase tax rates on fossil fuels to start… then the top 10% of companies that are paying close to nothing in taxes. Close the loopholes.
Increasing the tax rate would close the deficit, it does work as long as you only increase tax rates to the ideal tax rate. Re-check how taxes work, raising corporate taxes has two mechanisms, avoidance, and price impact. Right now we are well below the ideal tax rate for corporations as such if rates were to go up more would be collected and the effort on behalf of corporations to transfer overseas would remove less money than gained from the increase in the tax. The theory you are referencing is out of date.
I love your stuff, but go back and look at a more recent macro econ textbook specifically on corporate taxes, this is discussed. Ideally, rates should have gone up in 2018.
PUMP THOSE STOCKS
well held tom. now go to your basement and punch the F out of your punch bag.
I agree with Tommy Baby completely. But he is understating how bad this could be. This could and very probably will send us in to a loooonngggg recession! Do you think the dems have chosen their high ranking woman based on how terrifying they look? Yelled, Polisie, Warren!
Can you do a video on this statement of tax increases don't lead to greater revenues with some numbers? People often say this but i've never been able to find firm proof of this.
economic growth was still extremely fast in the 40s/50s and 60s with the ultra high tax rates and so far lowering them drastically seems to have done nothing but increase the number of billionaires and multi billionaires.
Hey you are my guy I can sit and talk good sence love your commentary
I hate that we keep putting the same ole old white people in these positions. Things will never change as long as we continue down this path
Seems troubling when someone at her level says, "If we measured unemployment correctly…". The current system is untenable in the future. We need to restructure the economy to provide a baseline standard of living for ALL then have a capitalist system built on top of a socialist framework. Unemployment is going to skyrocket from automation of WHITE COLLAR jobs in the next 10 years. There is no way to avoid it.
In order for them to collect from the 1% to close the hole they would need to collect all their wealth. Now if they tax the 99% at just 3% it will be a massive amount which now wipes out any raises 99% of Americans get. Don't lie people can do the math.
Tom wouldnt you also agree the shortage is due to having to lay workers off due to the pandemic?
Wealth tax …. she meant to say the wealthy will leave , and the middle
Class who can’t leave will be caught carrying the bill
Ok , so do we get to claim the losses.
Stock looses money even though I haven’t sold it ,do I get to write that off? …
Good intentions or not, it’s all politics, they’re playing the game.