Comments by "Aaron Okeanos" (@AaronOkeanos) on "What’s Going on With the Economy? I Asked Biden’s Top Economic Adviser | Robert Reich" video.

  1. I think we need to include income inequality into the determination of how "well" an economy is running.
    441
  2. I would be interested how you think about the idea to bind all wages, pensions and benefits automatically to the inflation rate? Meaning they have to rise at least by the inflation rate automatically once a year so. This would make inflation almost neutral to people on earned income (= working people). And made inflation mostly a problem for money hoarders.
    10
  3. The reason why I support liberal and progressive policies is not because I am an ideologue or a socialist or even a communist the reason is because they shown to be having a better economical outcome and improve life and society at the same time almost as a side-effect. But I can understand the reluctancy of adopting it. The benefits are long-term and very hard to measure because they come indirectly back to you. If you need evidence check Europe.
    2
  4. I agree you need infrastructure to make wealth. The Democrats had their chance with Build Back Back (the original with 6 Trillion / 10 years) but Corporate Democrats blew it Manchin and Sinema and the other 10 super-greedy Democrats in the Senate. Edit: And of course all the GOP because none of them voted for it too.
    1
  5. A lot of you have no quite understood the problem behind income inequality. It does not states that everyone should earn the same that would be unjust and unrealistic it means what percentage of the created wealth goes to the person who created it (wage, income). And this percentage was constantly reduced over the decades in favor of stockholders and CEOs.
    1