Elon Musk is massively spending in Texas to try to defend Republicans.
Elon Musk is massively spending in Texas to try to defend Republicans.
https://www.youtube.com/watch?v=gBEORIlVmsQ
Tag: wealthy
Why Congress Protects Car Dealers More Than Elon Musk – ft. Eric Zwick
Congresses and presidents give tax breaks for the wealthy and give the wealthy regulatory protection at the expense of everyone else because congress members and presidents are the wealthy. They are protecting themselves and people like them, screwing over everyone else.
https://www.capitalisnt.com/episodes/why-congress-protects-car-dealers-more-than-elon-musk-ft-eric-zwick
The Great Disconnect: 4.2% Unemployment And Nobody’s Happy
Trump’s tax cuts that mostly benefit the wealthy do not sunset. His financial benefits for the middle class and below do sunset. If he really thought these programs were good and were helping people, he and the Republican Congress that passed them would have made them permanent, instead, he made them temporary to use as an election issue.
Trump Accounts mostly benefit those wealthy enough to take advantage of them as tax deductions (ways to avoid paying taxes, making the deficit, debt, and inflation worse).
Anytime the government does something through tax deductions instead of checks, it’s a sign that it will mostly benefit the wealthy.
https://www.youtube.com/watch?v=poeAc1jUvzk&t=682s
The Biggest Problem No One Wants to Talk About
Politicians used to talk more about saving or fixing social security. It is closer to running out now, and politicians irresponsibly ignore it!
Someone’s willingness to pay isn’t just a function of how much they want the product or service, but also their ability to pay. So, when you have limited seats available for a sports game or concert, the people who go are not simply those who love the sport or the artist the most, but those who can better afford expensive tickets. This can result in rich people who don’t even care that much, having the best seats.
https://www.youtube.com/watch?v=LJPlYopcxmc
How To Actually Tax The Rich
The very wealthiest of Americans are not making money from work. Their wealth grows by capital appreciation, and they pay very little tax on that income. The estate tax is supposed to capture this at death, but it is riddled with loopholes.
It’s extremely unfair and makes the national debt worse.
https://www.youtube.com/watch?v=K06ys5VuGu4
Why Is It So Hard To Tax Billionaires?
Why Is It So Hard To Tax Billionaires?
There are a hell of a lot of games and loopholes. And, Congress won’t do shit about it.
https://www.youtube.com/watch?v=E308lijSQv0
Justin Wolfers: This Dumb Trade War Just Got Dumber
Fast food restaurants are reporting that people are buying cheaper things and running out of money at the end of the month. Meanwhile, the wealthy have never been wealthier.
https://www.youtube.com/watch?v=iKPRis-2uTM
Our Tax System Should Make You Furious | The Ezra Klein Show
Jeff Bezos pays himself an 82k salary even though he is the head of a massive company, Amazon, but he is fabulously wealthy through his stock, which he can use to take out loans tax free. So, he lives a tremendously wealthy lifestyle while paying very little taxes. This is legal. The estate tax is supposed to make up for this, but it is riddled with loopholes.
https://www.youtube.com/watch?v=mX5U5DNUfBc
Crisis, Conversion and Collapse: Nick Holmes on the Roman Revolution
The Roman Empire fell partially because super-rich land holders selfishly avoided taxes, weakening the empire from within.
https://www.youtube.com/watch?v=_Ke7n-OV33Q
Andrew Ross Sorkin on the Crash of 1929 & The Parallels We See Today | The Real Eisman Playbook
So before regulation, the great tycoons of the era just acted like greedy unethical thieves in financial markets?
https://www.youtube.com/watch?v=Yp6EggtUBYI