Comments by "Tony Wilson" (@tonywilson4713) on "Will The GOP Kill 45,000 Americans Every Year So Billionaires Can Profit Even More?" video.

  1. The British rebel economist Gary Stevenson (here on YT) had a great line about when people like David Koch talk about how good or bad things are or how great or worse things would be if certain things were done. He said just add the 2 words "for us" to the end of everything they say. If they say something like "Getting rid of that regulation will be good." add those 2 words. If they say something like "The economy is going great." add those 2 words. If they say something like "The economy is a shambles." add those 2 words. Then everything they say makes sense.
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  2. HEY THOM: There's a report by the Congressional Budget Office on Family Wealth 1989-2019 released September 2022. Kyle Kulinski spoke about it last week after the Jacobin's Luke Savage Published a short piece on it. What's amazing is that not only was it published in September 2022 (almost 1 year ago) NOBODY on the America Left is talking about this. FYI - I'm Australian but went to college in America and I can tell you for a fact that our data is no better. I regularly watch British economist Gary Stevenson here on YT and he's saying the same sorts of things about Britain. Here's the bit that I am furious that nobody is pointing out in that report. When you compare the 2010 data to 2007 you can see the effect of the GFC and when you compare 2019 to 2007 you can see how people have recovered. Since Australia, Britain and other places all run similar economic policies its safe to say its the same or similar everywhere. Here's the comparisons adjusted for population and in terms of the wealth per person in each group. The Top 10% LOST 11.1% of their wealth in the GFC but buy 2019 had recovered and were 21.7% UP The Middle 40% LOST 13.3% of their wealth in the GFC but buy 2019 had recovered and were 4.6% UP The Bottom 50% LOST 49.5% of their wealth in the GFC but buy 2019 were still DOWN 21.8% Yes 165 million Americans (and possibly more) had, by 2019, still NOT recovered from the 2008 GFC that they did not cause. Meanwhile the people who did cause the 2008 GFC and were bailed out with US$4 Trillion from Bush and another US$4 Trillion from Obama had not only recovered but had gained over $20 Trillion in collective wealth which has since grown another (estimated) US$8 Trillion during the pandemic years.
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  3. I've been trying to warn people of exactly a French or Russian Peasant style revolution for the last few years. There's a report by the Congressional Budget Office on Family Wealth 1989-2019 released September 2022. Kyle Kulinski spoke about it last week after the Jacobin's Luke Savage Published a short piece on it. What's amazing is that not only was it published in September 2022 (almost 1 year ago) NOBODY on the America Left is talking about this - including Thom. FYI - I'm Australian but went to college in America and I can tell you for a fact that our data is no better. I regularly watch British economist Gary Stevenson here on YT and he's saying the same sorts of things about Britain. Here's the bit that I am furious that nobody is pointing out in that report. When you compare the 2010 data to 2007 you can see the effect of the GFC and when you compare 2019 to 2007 you can see how people have recovered. Since Australia, Britain and other places all run similar economic policies its safe to say its the same or similar everywhere. Here's the comparisons adjusted for population and in terms of the wealth per person in each group. The Top 10% LOST 11.1% of their wealth in the GFC but buy 2019 had recovered and were 21.7% UP The Middle 40% LOST 13.3% of their wealth in the GFC but buy 2019 had recovered and were 4.6% UP The Bottom 50% LOST 49.5% of their wealth in the GFC but buy 2019 were still DOWN 21.8% Yes 165 million Americans (and possibly more) had, by 2019, still NOT recovered from the 2008 GFC that they did not cause. Meanwhile the people who did cause the 2008 GFC and were bailed out with US$4 Trillion from Bush and another US$4 Trillion from Obama had not only recovered but had gained over $20 Trillion in collective wealth which has since grown another (estimated) US$8 Trillion during the pandemic years.
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  4.  @marvinmartin4692  It might sound like a great idea but the last thing anyone should wish for is a peasant revolution. They tend to get very destructive and out of control very quickly because they involve so much rage and anger. Go look at the French & Russian examples.
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  5.  @crysstoll1191  I think Gary's channel is one of the most underestimated YT channels there is. I stumbled across him when he was interviewed by another channel. The actual channel is called "Garys Economics." He hasn't done anything for a couple of weeks but all the stuff he's done previously is worth watching.
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  6.  @genossinwaabooz4373  I am still at a loss why that report is being screamed about from the roof tops. It shows that 10% of America has utterly screwed 50% of the country and then made another 40% pay for it. You'd think that every left leaning commentator would be going nuts and people like Marianne Williamson would be waving it like a Viking Shieldmaiden's axe while screaming at BOTH the Dems and GOP.
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