Comments by "Henry TheGreatAmerican" (@henrythegreatamerican8136) on ""The Economy Is Now A Ponzi Scheme" - US Dollar Collapse, BlackRock u0026 Market Crash | Arthur Hayes" video.

Nowhere in this video did they discuss the underlying problem behind it all, especially the debt. Nearly 85%% of the wealth (this includes income and assets) in the USA are owned by approximately 20% of people. Obviously that's unfair and unsustainable. But the issue is how they got most of that wealth. Most of it was accumulated by reducing their taxes, reducing regulations, and most importantly.... the FED manipulating the money supply up and down in their favor. All of this results in more debt because those elites are using the money received from the manipulated money supply to buy up all our assets. And on top of this, the country is not collecting the proper taxes to pay for things. The government ends up borrowing money to pay for lower income people to afford the assets owned by the 20% of elites who can charge us whatever they want because they own everything. That is why everything is expensive. The solution? We need a wealth tax.... not just a tax on income. I'm talking an actual wealth tax on assets to bring the prices of those assets back under control. Do that, and the debt will vanish quickly. But of course you'll have a civil war because the elites won't go down without a big fight. And the only politicians who discussed this were Bernie Sanders and Elizabeth Warren. Both are too old to run now so not sure who is picking up the mantle. Amazing how the main stream media refuses to discuss any of this. Actually, it's quite obvious. The main stream media is one of the assets owned by the top 20% and are not allowed to discuss it.
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Nowhere in this video did they discuss the underlying problem behind it all, especially the debt. Nearly 85%% of the wealth (this includes income and assets) in the USA are owned by approximately 20% of people. Obviously that's unfair and unsustainable. But the issue is how they got most of that wealth. Most of it was accumulated by reducing their taxes, reducing regulations, and most importantly.... the FED manipulating the money supply up and down in their favor. All of this results in more debt because those elites are using the money received from the manipulated money supply to buy up all our assets. And on top of this, the country is not collecting the proper taxes to pay for things. The government ends up borrowing money to pay for lower income people to afford the assets owned by the 20% of elites who can charge us whatever they want because they own everything. That is why everything is expensive. The solution? We need a wealth tax.... not just a tax on income. I'm talking an actual wealth tax on assets to bring the prices of those assets back under control. Do that, and the debt will vanish quickly. But of course you'll have a civil war because the elites won't go down without a big fight. And the only politicians who discussed this were Bernie Sanders and Elizabeth Warren. Both are too old to run now so not sure who is picking up the mantle. Amazing how the main stream media refuses to discuss any of this. Actually, it's quite obvious. They are one of the assets owned by the top 20% and are not allowed to discuss it.
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Nowhere in this video did they discuss the underlying problem behind it all, especially the debt. Nearly 85%% of all the wealth (this includes income and other assets) in the USA is owned by approximately 20% of people. Obviously that's unfair and unsustainable. But the issue is how they got most of that wealth. Most of it was accumulated by reducing their taxes, reducing regulations, and most importantly.... the FED manipulating the money supply up and down in their favor. All of this results in more debt because those elites are using the money received from the manipulated money supply to buy up all our assets. And on top of this, the country is not collecting the proper taxes to pay for things. The government ends up borrowing money to pay for lower income people to afford the assets owned by the 20% of elites who can charge us whatever they want because they own everything. That is why everything is expensive. The solution? We need a wealth tax.... not just a tax on income. I'm talking an actual wealth tax on assets to bring the prices of those assets back under control. Do that, and the debt will vanish quickly. But of course you'll have a civil war because the elites won't go down without a big fight. And the only politicians who discussed this were Bernie Sanders and Elizabeth Warren. Both are too old to run now so not sure who is picking up the mantle.
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@linkchalon520 You do not solve problems with fortune cookie one line bumper sticker slogans. And your lame response ignores all of human history where "strong hands" have been continuously decimated to solve problems.
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The world debt is to the asset owning class that owns like 80% or more of all assets thanks to the manipulation of money from tax breaks and the federal reserve. Crashes and bull markets are created on purpose, but videos like this still continue perpetuating the belief they happen by accident.
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Ah yes, let's turn socialism into a form of communism. While we are at it, let's turn capitalism into a form of fascism. /boggle
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@oliver_gledenning Yea, all those socialist countries like Denmark and many others are obviously evolving towards communism /boggle Seriously, stop talking.
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