Precisely! Lol

Love this. I wonder how many people will feel attacked by this.

If they're people, more than a couple of them ought to be put on trial as serial killers.

just a great nate. when will this crayseness stops.?

Exactly.

Yep. And they convince Republican voters to be their foot-soldiers.

Even better: abolish the billionaire and millionaire status on a worldwide level; this'll bring back a tremendous amount of money in the many countries and states that desperately need it to face the many challenges we are all in.

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

Let's oppress them the French Revolution way: by beheading them and their children in the public square.

@@TheVeryBestBaby Huh? O_o

Warren Buffet seems to be the only billionaire out there that is willing to tell the truth.

He knows how wrong it is. But I bet his taxes still reflect every break given the rich.

@@dumphater7632 They absolutely (and rightly) do. Genuine change begins with US demanding it--not Warren.

He says this because he knows he's not going to be around much longer AND after decades of reaping the benefits! Too little too late Warren!

@@thomasmunoz4331 Actually, he says this because ... he's been excoriating politicians Re: it for over 20-years.

It's pretty bad information, though. The title says "What if we actually taxed the rich", then the content of the video says that we _do_ tax the rich, and he just wants to tax them _more._ The bits on tax loopholes, i.e. the _actual_ ways that rich people get out of paying taxes, i.e. tax loopholes, are there... but stuffed in near the end. It's useless to raise taxes without eliminating tax loopholes, and not really necessary to raise overall taxes if we _do_ eliminate the tax loopholes.

@@Tzizenorec I believe he mentioned both in the video.

Nailed it. Gratz.

@@jonathanp1884 Yes, and I mentioned that he mentioned both in the video.

He lies by withholding information from you

Exactly why nothing Reich says would ever come to fruition. Nobody paid the 90% in the 50s, as even he clearly demonstrated. This guy is an idiot and doesn't understand wealth vs income. What he proposed would damage the retail investor the most.

@@jdeluca6181 That's ridiculous! It has nothing to do with the small investor!

@@jdeluca6181 Back in the day, yes they did. Maybe brush up on your economics history and go back even further.

@@bad2dabone414 You don't understand how taxes work, clearly.

@@glennjarvis2672 I would advise you do the same. Or even listen to what Reich even said in this video, you donut.

In all honesty, so would you if your taxes were raised. I mean, I hope you would and not just lay down and take it.

Mmm. Not really. If it’s fair why complain? That’s my personal opinion of course. And I think it’s more geared toward the outraged non-billionaires that aren’t even affected.

@@niko-7417 what is fair share?

You can't tax people on the money they don't have. The billionaires he mentions have money vested in stocks, that cannot be taxed if it's liquid. That would set a dangerous precedent and damage the retail investor too. Reich is a dumbass who doesn't understand this simple concept. Plus he slams Trump who lowered taxes on americans making under 195k/year, and raised taxes on people making over that. He also doubled the standard deduction which lowers your tax liability (unless you itemize). I genuinely do not understand the morons that follow this cancerous tumor named Reich.

@@balvinen8024 If you told me that you were going to raise taxes to the 50% to 60% rate that they are in Scandinavian nations but, in return, we would enjoy the same public services, quality of life, and happiness that the citizens of those nations do, I would only ask where to send the money.

None of them are going to waste a second over the people's problems. They are too busy making tax deals and trying to look PC to their lackeys.

You're exactly right WE NEED THIS NOW. The ironic fact is none of this should've occurred to begin with. The Republic Party has always been the political party that drastically runs up the U.S. national debt even though they obviously fool enough people by calling themselves fiscal conservatives. The vast majority of the public need to wake up to this fact. It's been long overdue that the extremely wealthy pay their fair share of taxes but don't hold your breath because they have the money and influence. Mr. Reich, Senator Sanders & Warren are doing their best to make people aware of the rigged tax code & other major issues - I & many others are extremely grateful for their efforts.

If you’re not already part of any activist groups you should really consider joining, we are in desperate need of people with your fire

All that taxpayers should pay for are services like the military that benefit EVERYONE. NOBODY has any obligation to pay for ANYTHING that is not to their benefit. That includes the rich being forced to pay for any social service that would be cheaper for them to pay for out of pocket than to have to pay higher taxes to provide that service to all of society.

Reich is a liar here is the proof the top five percent pay over half the federal taxes and the average person draws out three dollars for every dollar paid in medicare taxes the poor get subsidized housing food assistance cash assistance and free healthcare the rich get next to nothing in return

Believe it, I once worked for company that allowed women and children to be burned to death in accidents as it was less costly to pay the courts than to fix the issue. These people are without any morality.

Mainly corporations that evade taxes.

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

@@Cyrus992 While yes he supports Biden he calls out the Democrats in power like Biden to actually do something with said power. I don't think I have ever seen Reich compromise his message to placate the democrats.

@@nomodz4real He has tried to do so with Obama for 8 years and it failed. Either it proves he is a con or a fool

@@Cyrus992 - POTUS only has the power that Congress allows. As long as the super-wealthy have control, changing the system is slower than snails with arthritis.

I'm game for that but what do we do to prevent capital flight?

@@Bankz_92 there are very complicated ways to minimize this. Would you rather have 10% of $1,000 or 20% of $800? Sadly, our politicians would rather have virtually nothing for us since that gets them bribes... ahem, I meant it gets them "campaign contributions", lucrative speaking events, and future lobbying jobs.

@@Bankz_92 you call their bluff

@Red Pharaoh yes there will inevitably be some people caught where they are earning more than the average person but not enough to get lawyers to avoid taxes

Maga w Bernie

As Mr. Reich has said more than once, taxing Social Security was a Reagan era policy. Reagan was almost as bad for the American people as Trump, just not so blatantly.

​under trump black Americans were employed at the greatest level on record less illegal immegration low unemployment low gas prices low inflation low interest rates what did you not like

@@fritzforsthoefel8031 First of all, and I say this about President Biden as well, yes, we have the lowest unemployment in YEARS, but how GOOD are those jobs? MANY of those now employed people might have had jobs worth four, five, TEN times what they are making now. Is that better? Second, Bob Reich was Secretary of Labor under President Clinton, so he KNOWS what he's talking about. My money is on the person with knowledge of the facts who can explain them clearly without political doublespeak.

The doctor in NYC who works long hours and went to college maney years already pays between local state and federal half his income in taxes while you will draw out more ss and medicare than you pay for and the poor get subsidized housing food assistance cash assistance and free healthcare you need to pay your fair share of taxes to pay for the handouts democrats want

Robert Reich has come out in favor of government controlled banks the same innefficent government that paid Harvard university seven hundred thousand dollars to blow lizards off trees with leaf blowers running banks Reich is a communist whoes economic policy's are destroying us we have a staggering unbelievable 32 trillion dollar debt because of democrat handouts

for a bit of added context, if you were an immortal who'd sat and watched the pyramids at gaza being built and decided to be really rich and started putting $10,000 cash into a big safe every day by now you'd have accumulated around $17 billion

146M is working 365 days a year for 80 years; from birth. If you want to get realistic: Graduating directly into a career from day one out of a 4 year college at 22 years old, to retirement age of 65, is ~43 years of work. 52 weeks a year with 5 day weeks is 260 days. For funzies, may I suggest an additional 20 days of personal unpaid time annually, so 240 days. $5K(daily) * 240 days(annually) * 43 years(career) = $51.6M

If you made $5000 a day for the past 2000 years you would only have $3.7 billion which means there would be 'only' 200 people richer than you in America. Its honestly mind boggling

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

Back when being rich meant "millionaire", $2000 was a nice amount of cash but you were not at all wealthy. Well, the difference between 2 thousand dollars and 2 million is only 3 Zeroes. _Remember_ that if you "earn a nice income".

Trickle down effect is getting old and people know it doesn't work.

Well - I believe that Robert Reich is the first one, who support to cut the money out of politics!

agreed..big $$ shouldnt be allowed in politics..but, with that isnt likely to change anytime soon or at all..that $$ tick is dug in way too deep

Exactly!!

Help get For The People passed to stop dark money in election campaigns

Show proof of corruption

All that taxpayers should pay for are services like the military that benefit EVERYONE. NOBODY has any obligation to pay for ANYTHING that is not to their benefit. That includes the rich being forced to pay for any social service that would be cheaper for them to pay for out of pocket than to have to pay higher taxes to provide that service to all of society.

Zach..Bot Bot Bot

@@suemccord2633, nah! I am real!

You are aware that the top five percent pay over half the federal taxes I can name maney formerly homeless people who are now rich democrats party of handouts at someone else's labor

Democrats party of handouts vote out democrats before it's to late our children will thank you for it

If Walmart was dismissed shutdown how many hundreds of billions of dollars of tax money with that cut out their employees pay in

@@breannanorris3078 ?

Why don’t you try earning wealth instead of stealing other peoples?

@@roughhabit6496 Why don't you build you elementary and high schools and educate your own employees for thirteen years so that they can go on to post-secondary education and be among the most educated employees in the world? Why don't you build your own streets, airports and other essential infrastructure that corporations and billionaires have been failing to do, many evading all taxes or a large portion of it? Why don't you police your own streets and staff your own fire station and emergency services? IGNORANT! Just goes to show you how even retards can become wealthy or even own their own businesses, when a nation of taxpayers supports the development of essential and productivity increasing infrastructure--LIKE THE INTERNET--that makes it all possible!!!!!!!!!!!

It really isn't your money since no one gave it to you.

They do.

@@sephiroth8377 Thats such good news, now make them pay more.

@@johnhart3480 they pay 8.2% compared to your 13% That 8.2% is more money than you'll see in your lifetime. Raising the tax on the rich like they've done before has already proven that they will increase the cost of goods they supply to every day people which in turn causes inflation. You can advocate for that, sure. But wouldn't it be better for everyday people if you advocate to lower that 13% down to 8.2%? That would put more money back into the people's hands and help with the poverty line... or maybe this is a simple witch hunt against the rich to give more money to the government that they can send to other countries, I'm honestly not quite sure as to why this Robert guy is giving misleading information and incorrect information but maybe it is just that, an attempt to start a witch hunt.

@@sephiroth8377 Tax them at 90%, they can keep 10%

@@johnhart3480 so IT IS a witch hunt then. Have at it.

God is the god of hierarchies after all

Sounds to me like grounds for a lawsuit.

No it wasn't when Eisenhower dramatically increased taxes on the rich we quickly went from one person to support a family of four now two people working to support a family of four our liveing standards dropped in half

@@fritzforsthoefel8031 Every Republican President in my lifetime has been a disaster for this country ! From Reagan to the Bushes & Trump ! Wages have not kept up to inflation !

Cool idea.

I like that. And giving ownership/stock options to the workers. And not the high-up.

Or it would make it much easier to pass legislation to raise the minimum wage.

Why not do both?

Yes, every citizen should have the same voice regardless of wealth. Money distorts and amplifies ones voice and ability to influence our society. Limit political contributions and make it all public!! Sunlight is the best disinfect.

Part of the issue is the system. When you see every other rich person doing the same, and you fear your competitors will undercut you if you don't participate, then you have to play the game regardless.

Many of the Hollywood elites preach about redistribution of wealth but don’t practice what they preach. They don’t even live carbon friendly lives but want you peasants to

Their rags to riches stories are all fake, They were all born rich.

The ultra-wealthy are never from humble beginnings. They like to say so because it's good marketing, but their idea of "humble" beginnings is flying first class for around the world to eat dinner at an exclusive restaurant and then doing the same to go home *instead* of taking a personal private jet.

@@SkySong6161. That’s not ALWAYS true, objectively.

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

@@TheVeryBestBaby Reich therefore is a con man

Yes! Quality of life would be raised for generations to come and the benefits would be exponential.

@@CynthiaSchoenbauer Well Reichs failure to hold Obama Clinton and Biden accountable isn’t helping

@@Cyrus992 ... How? You think a career economist and political figure is dirty enough to air his laundry and not pay his taxes? Or are you just jealous because he is richer than you? Hypocrisy is if he was like Trumpovich and only paid $750 on millions. You have no idea what you are talking about. Sit down, punkin.

I would ignore those orders and I wouldn't care about being fired if that much money is at stake. Transfer your stock to your own brokerage account whenever possible.

That's so awful and I am sorry that happened. 🙁

Yes its a shame, but they don't have to hear this... they already know it!!

Send it to them. Even more effective is to write these ideas out and mail them to your reps and sens, followed by a phone call. That kind of direct action is remarkably motivating to politicians even when they send a form letter back or don’t reply at all. Their staff carefully tabulate every communication that comes in and weight them to calculate how many constituents want a certain law or policy. Make sure you get included in the calculation 👍

Please find a way to directly challenge the billionaire class...to their face!

They don't have to hear it. They built it they way they want it. They just made sure we didn't hear it while being distracted by stagnant wage growth and many other unimportant issues.

No... It is not the oligarchs that need to hear this. If _they_ fight for more inequality it might be selfish, but not entirely unreasonable. It is the roughly 50% of voters that vote republican and are _not_ at least multi-millionairs that need to hear this. It is the democrat voters that think Biden is better for them than Sanders that need to hear this. And it is the americans that think taxing the rich and having tax-financed higher education is "evil communism" that need to hear that. but, yeah... 200.000 views.. Looks like the majority of Americans is rather watching cat-videos or iphone-unboxing

that's how Fred Trump (Donald's father) got rich. he bribed NY city and state politicians to award housing construction contracts to his company.

Super rich should be taxed more.trump gave away our taxmoney to super rich.

@@manueldaniel108 Yet, 74 million brainwashed people, most of them non-college educated, voted for him anyways. They never realized that he was in it for himself. Even now, they are donating to the so-called "stop the steal" fund.

@@bs4638 yes. Trump says stop the steal and he is the one trying to steal the election. People hearing to many conspiracies, confusing the people. yet "they" are trying to steal from us. Getting us coming and going.

@@patguitar01 And guess? Rich business owners also receive money in the form of grants for research and development from our government, but once their products are placed on the market none of us tax payers get any discounts for the grants that our government gave them using our tax money!

Greed and power grabbing

It's all been unraveling (slowly but surely) since the 50's. Certainly by the 70's and 80's, but... wow. 2016-2020 was literally 'The Dark Ages' for some of us out there. Doesn't seem like there are many rays of hope anymore, either. :( Definitely not for me. My days are numbered and dwindling. Not reversible, either.

So how will taxing the rich change that? More welfare? Welfare has done more damage then slavery!

In the US you have welfare for the rich.

Waiting for comment on why you shouldn’t have a family if you can’t pay for it...

Communist!! Just kidding, I totally agree

Include a tax on benefits that aren't available to all employees. Company gym, jet, car--all included on the personal tax as earned income.

You can‘t do that. This would pressure employers to pay their workers more. This attacks the employers freedom! Republicans probably xD

So that would apply to Hollywood actors? A huge block buster movie star couldn’t make 40 times more than the extras, stunt person, makeup artist, etc?

A labourer is worthy of his hire. If he screws up. Take away his 2 years salary which should have been kept prior in the company's corpus only to be released after he retires or renders profit to the ogn.

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

The NEON GAUD will be unveiled at the Jubilee -- I mean Re-Set -- on 09/23/26 or SOONER. hint: in GAUD we trust. Men will Lie, and Cheat, and Steal if allowed to govern themselves. And so ends our 250-year experiment in self-government. Epochal Eclipse April 8th 2024. The Aliens ask, "Will you Earthlings ever agree on OUR CREATOR?"

Corporations paid over 500 billion in taxes last year then the shareholders then the ceo corporations are taxed three times you know

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

Let’s raise taxes so us Dems can squander it you mean? The REAL truth is the Govt brings in plenty of money, but blindly spends it and then wants more. Reich is worth somewhere between $5,000,000 to $15,000,000, which I have absolutely no problem with. However, don’t just follow him blindly there is an agenda at play here. It’s easier to just pick on the rich then to do actual hard work and control government spending and this is how the Dems get their votes by promising these things to you Folks…you cant cure poverty by raising taxes on the rich. To cure poverty you have to stop giving free money to people and have them go to work. When you give money to people that don’t know how to properly spend or save it, they just loose it.

@@tomf9292 Absolute total nonsense. It is not just the rich but also corporate america that are significantly underpaying taxes. In 2018 the IRS total federal income taxes collected show that corporate america only paid 6% of total taxes collected whereas individuals paid 94% of total federal income taxes collected. Taxes are the price we pay for government goods and services ... military, judicial system, roads, bridges, airports, educated employees and many more. It is patently absurd to claim that corporate america only uses 6% of federal government goods and services ... nobody believes that. Thus corporate america is the real welfare queen and corporate socialism is the reality of the US tax system. With regard to taxing the "rich" individuals, they are not much different than corporate america. they get all sorts of tax advantages that are not applicable to average americans. It has been reported that the Walton family (Walmart) controls as much wealth and income as the bottom 50+ million american citizens. One doubts that the Walton's pay anywhere as much income tax as even the bottom 50 million american citizens pay. There is a reason why US wealth inequality has grown significantly since about 1980 ... and it has everything to do with the dysfunctional US income tax system and how corporate america and the very wealthy get all sorts of tax advantages from it. With regard to federal government spending .... something like 75+% of all federal government spending is incurred on only 4 items ... social security, medicare, military, and interest on national debt. And social security and medicare are largely user fee funded via payroll deductions. One potential alternative is to eliminate the income cap on social security and medicare and have it apply to all income with no limits. The very rich benefit significantly from the relatively low cap levels on this.

@@coreyham3753 you know the Walton family pays more than the bottom 50 million tax payers because 61% of American's don't pay ANY federal tax. you googled how much taxes corporations paid and that's a fair argument. but to know know that 61% of people pay NOTHING?

@@tomf9292 We give free money to the rich all the time. THAT is what needs to stop. I shouldn't be paying a higher rate than they are.

Look at the congressional budget office public records it breaks down who plays what the top ten percent paid over seventy percent of the federal taxes telsa the corperation paid no tax but the shareholders did and Elon musk paid a whooping twelve billion corperations are taxed three times that's not fair the top five percent pay half the federal taxes look at the cbo numbers and it will tell you so stop with the misinformation

Better yet, we’re the ones holding the yacht on our backs

What boat? I don't even have a boat.

THE SUPER-RICH: "What do you mean, 'You don't have a boat?' EVERYONE has a boat, don't they? I mean, I'VE got a yacht... well then, you're obviously one of those dreadful unemployed people who's never worked hard enough to have a boat! I bet you don't even have a nanny to look after your children either - deplorable! No wonder you're poor!"

wow..this was a powerful statement for real..

Mine is in my bathtub.

Look up his net worth, he's in the top 1%. I wonder how much he donates to the homeless.

@@rwusa1117 you guys should remoove that expression "net worth" with "net wealth". Worth is the word that means ( or should mean ) something else than wealth. And if he is so wealthy, he means himself here too. And that is fine with me.

@@majdavojnikovic The ideology is immoral. 3 people, the 2 with less vote to take property from the 3rd. We could find the poorest person you and I know (Fred) and there will still be people with less. Should they take Fred's earnings? It's about power, not true empathy.

Why? When he was in a position to something he didn't do crap... He is just another in a long line of phonies calling for "fixing the system" that he and others of his generation created... F that guy...All this craziness is partly his fault.He was with the Clinton administration when they repealed the Glass Steagal act... Hence all these HF's and banks being involved in the wallstreet casino.

Yes, the simpleminded are easily entertained.

I've said it for decades... The tax rates should be the same for everyone. Introducing a flat income tax rate, with absolutely no deductions or loopholes for the rich would be much fairer. Also, tax churches. I don't want to subsidize the world's richest organizations who have yet to prove the existence of a god. Another way to go might be to eliminate the IRS, and replace income tax with a national flat sales tax. That way, you are taxed only on what you spend. Of course, the rich would wail and cry "unfair". That new yacht, second or third mansion, or Lear jet Would now cost a bit more.

@@tombarclay7108 no, that wouldn’t make sense. Very poor people should not be paying nearly as much taxes as super rich people are, for the trivial reason that they literally can’t afford to. Taxes should be progressive, not flat.

@@tombarclay7108 we would also need yo find a way to make sure those wealthy dont transfer their wealth completely out of country and find a way to tax their invest holding even before they are liquid..most of Bezoz wealth is in stocks, not actual $$ or annual pay

@@tombarclay7108 the poor would pay proportionally more of their income in cash as tax than would bill gates. 33% of 20k/annum is a helluva higher burden than 33% of $2m/annum.

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

Yes, these would be a great start. But the real solution is a complete overhaul of the absurd and completely dysfunctional federal income tax system. First broaden the tax base to treat all sources of income the same. Makes no difference if you income is salary , wages, interest, capital gains, dividends, food stamps, retirement income, business profits, or whatever. Second, level the playing field and have only one tax category ... namely corporate income tax. All entities should be taxed under the same rules, which is revenue minus expense equals profit or taxable income. Corporations, partnerships, individuals (corporations of one), charities, non profits, or whatever the entity should all be taxed under the same rules. Those two changes alone would make income tax simpler, fairer, logical, and enable generating the tax revenues needed to provide government goods and services. Nickel and dime changes to the tax system will not resolve the mess that is the current federal income tax system. Hard to argue that all income is not the same, and hard to argue that everyone should not have the same tax rules.

@@coreyham3753 👍

Yes, it's crazy and egregious, but eliminating it doesn't raise that much money. Still a better idea to get rid of it, though, than a 2% "wealth tax". In Bezos' case, that essentially means taking away 2% of his ownership stake in his own company a year. Declaring war on 5 very successful people (Bezos, Gates, Buffett, Musk etc - funny nobody mentions the Waltons or the Kochs) makes people feel cool and radical but down deep it's selfish and greedy. Better to just eliminate the long term capital gains rate and the dividend rate, and put them both back under the earned income rate the way it was in the 90s. But that's not cool, because the champagne anarchists will have to pay more tax.

@@asusmctablet9180 "funny nobody mentions the Waltons or the Kochs" Charles Koch was depicted in one of the group pics of billionaires.

@@asusmctablet9180 "makes people feel cool and radical but down deep it's selfish and greedy" I for one don't think we need billionaires. I think they are a malevolent force. I think it is a prerequisite to be a psychopath in order to become a billionaire and I don't want billionaires having the power coupons ($$$) to bribe congress to oppress me, which they are currently doing. So if its me or them, I'm picking me. And they have decided that it is us or them. I didn't choose that, they did. They chose it by bribing the supreme court to allow them to secretly bribe congress in the first place, and claim that their secret bribes are "free speech" when they are nothing but cash payments in exchange for favors, and criminal to boot. Bribe a cop and you go to prison. Bribe congress and the supreme court will back you. That is no way to run a society in any direction but right into the ground. Most of the Court are members of The Federalist Society whose stated goal is to replace democracy with aristocracy. Look them up, I'm not kidding.

@@havable Well said!

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

He always presents well.

@@Cyrus992 Reich supported Bernie Sanders in 2016 and 2020, who would have implemented all of these ideas, and Reich probably would have been one of Sanders top advisors had he become president. Reich only supported Hillary Clinton and Joe Biden after Sanders came in second to them . The alternative was Trump, so of course Reich supported Hillary and Biden, but his first choice was Bernie.

But the point that Biden and his advisors are cautious and not doing nearly enough is correct.

I think this is how most people feel. Unfortunately most of the rich seem to live by the mantra "I can't be really rich unless you're really poor."

@@hundejahre Poverty is the source of their wealth. The more desperate and fearful of destitution workers are, the more they can be exploited.

That's really nice?

Bravo!

@@namvet1968 Hi

you're actually teaching this bs to students. smh.

@@anonymoususer4376 this video has so many things wrong with it, it’s complete nonsense.

stop shopping on Amazon, at wall-mart, using Microsoft software. YOU made them rich. Stop bitching.

You should feel sick that you believe in taxes at all. 🤪🤪🤪

@@traviswall1982 hope your house doesn't ever catch fire...

@@markbrownner6565 Yeah, there was no fire departments before taxes. 😂🤣🤪

Reich is a hypocrite. He keeps supporting folks like Biden who has done very little stop the tax loopholes!

Trickle down has been disproved at every turn. Idk why people think it’s a thing...

There never was Trickle Down to begin with. Power does not relinquish - you have to take it. And we used to do it - 74% and then came Reagan.

Glad to hear someone else acknowledge Reagan was a putz.

@@niko-7417 It was one of the most ridiculous things he said. The minute I heard about Trickle Down it took me 2 minutes to say "are you kidding." I still can't figure out why people still believe it.

@Nancy Desch Actually trickle down does exist. Unfortunately, the trickle itself is the result of the ultra wealthy urinating down upon the average American. In truth, one doesn’t need a Nobel prize in economics to understand that the ONLY WAY to maintain consistent economic growth, is by ensuring that the purchase power of the vast majority of working class citizens, is both reasonable, sufficient, and incremental. These combined factors create a steady demand for goods and services. This in turn creates the necessity for continuing production and labor demands, which then reinforces an enduring cycle of economic growth, with the added benefits of increased employment opportunity and greater job security. The concept is in no way complex. In fact it’s rather simple and obvious given just a modicum of consideration. Cheers!

Yes. If only!!!

While we're at it, Robert Reich for national tax collector.

@@waderidsdale7853 he’ll be the one that knocks

your ignorance is showing. His worth is in the STOCK he owns in his companies, not his hourly wages. You make n=me giggle.

@@wilber504 Yes, I know, but that doesn’t change the fact that he made over $74 billion last year. No where did I insinuate otherwise. I don’t care where he got his money. The stock market is stupid and pointless anyway. We saw that with the whole GameStop fiasco.

@ nate, if the stock market is stupid and pointless then why is every government pension invested in it? And why does (almost) every large and successful company go public and sell stock?

@@crestoneman8497 That’s a great question. It’s a tool for the wealthy to invest in already wealthy corporations. It’s not some device for lower class people to make some side cash. That we saw when Robinhood blocked the trade of GameStop. The billionaire hedgefunds can manipulate and use its inner workings to exploit others downfall. And listen. If the government regulated Wall Street more. And didn’t protect these big billionaires with huge bailouts every time a couple of Redditors did the same thing they were doing. I’m sure the stock market would actually serve its intended purpose.

@@wilber504 really doesnt matter WHERE his $$ is at, he still made 74 billion..meaning, he probably used a large chunk of that tax cut $$ to buy back his own company stock to enhance his wealth even more when he should have used it to improve his workers pay..

Your exactly right everyone not just the rich Sweden for instance has a thirty percent federal sales tax and even low income earners pay taxes unlike here is that what you think should happen that I could go along with here democrats spend tax the most productive heavy and run up huge unsustainable debt our children will inherit

Same here...60,no kids, not married. I owe 9 k....cant just give them 750 bucks like some billionaires

If you taxed all of the billionaires at 100%, there would still not be enough money to pay for "everything we need."

You should have deductions, everyone should. Standard deduction for a single filer is $12,400. If you and Judy (one of the commenters) don't take this deduction, then you should.

@Red Pharaoh why? Why do they need to pay more?

@Red Pharaoh Again, why does anyone need to pay more? Investing helps drive the economy, it creates business opportunities and jobs. So, why should that action be taxed, at all?

In blood

No it will only get worse unless we get unlimited bribery out of elections.

You should have been sick many many years ago. Trickle down economics didn't make you sick in 1980? It has only gotten worse, since 1980. Cheato's tax breaks for the wealthy were called 'trickle down on steroids'.

They're just addicted, that's all. No difference to heroin; utter lack of empathy with other humans and their needs, deep denial of the meaning of fairness or the consequences of their inaction. Believing what they want to believe.

It's not enough to be rich, everyone else has to be poor also.

@@TheCrumb74 It's exactly this. Their thinking is "if the average joe on the street can live a life anywhere near as comfortable as mine, that diminishes my superiority over him." They literally measure their own self-worth in terms of how much everyone lacks in comparison to them - if it isn't so blindingly obvious as to be smacking everyone in the face, then what's the point in being rich at all?

The pain of losing something is magnitudes greater than the joy in gaining something.

@Solstice of Snow well, they have well over 90% of the income and way more than that of the disposable income

Lol you think its brilliant.

Holy shit!

The People exposed in the Panama Papers, how come they were never prosecuted by their governments for tax evasion? What I heard they were all tax compliant.

𝘛𝘩𝘢𝘯𝘬𝘴 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳 𝘤𝘰𝘮𝘮𝘦𝘯𝘵, 𝘞𝘳𝘪𝘵𝘦 𝘮𝘺 𝘣𝘳𝘰𝘬𝘦𝘳 𝘙𝘰𝘭𝘢𝘯𝘥 𝘓𝘦𝘳𝘤𝘩 𝘰𝘯 𝘞𝘩𝘢𝘵𝘴𝘈𝘱𝘱 𝘵𝘰 𝘦𝘢𝘳𝘯 𝘩𝘶𝘨𝘦 𝘪𝘯 𝘣𝘪𝘵𝘤𝘰𝘪𝘯 𝘵𝘳𝘢𝘥𝘪𝘯𝘨 𝘧𝘰𝘳,𝘩𝘪𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘢𝘳𝘦 𝘵𝘰𝘱 𝘯𝘰𝘵𝘤𝘩,𝘩𝘦'𝘴 𝘳𝘦𝘢𝘭𝘭𝘺 𝘮𝘢𝘬𝘪𝘯𝘨 𝘮𝘦 𝘩𝘶𝘨𝘦 𝘨𝘢𝘪𝘯𝘴 𝘸𝘪𝘵𝘩 𝘩𝘪𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘪𝘯 𝘵𝘳𝘢𝘥𝘪𝘯𝘨. Dm W.... H....A.....T....S.....A.....P.....P + 1. 2. 1. 3. 8. 7. 3. 3. 7. 1. .8.

@@robertreich5241 Your not the real Robert Reich.

Earn a million, 30% taxes on the first 300k then 45% in the next 700k. That’s more reasonable definitely not a whole 50%.

We have a progressive tax rate and the "rich" pay the overwhelming majority of the taxes.

Unfortunately they see you as cheap labor and a revenue source for their crap products. They will never try to go back to a more equitable system. They see themselves as the French Kings did, as ordained by God to be rich and you had by God better do your part to make it happen!

The top five percent pay over half the federal taxes corperations are taxed three times at the federal level the middle class draw more ss and medicare than they pay in taxes and the average person draws out three dollars for every dollar paid in medicare taxes the poor get subsidized housing food assistance cash assistance and free healthcare you are the one bankrupting our nation by voteing for handout democrats the rich pay over half the federal taxes and get next to nothing in return our debt is beyond belief and democrats want more government our children will inherit a bankrupt shell of a nation because of democrat handouts shame on you

They are also bailed out by the government if anything goes wrong. They have a name for that.

What is a fair share?

@@oldrooster25 zero

@@schloughed Zero? Why?

“ThEy EaRnEd It FaIr AnD sQuArE” 😂

The top ten percent pay over seventy percent of the federal taxes