Comments by "coolmodelguy" (@coolmodelguy6304) on "PragerU" channel.

  1.  @BenisBoy14  - Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    7
  2. I only clicked on this video to read some of the comments. What I see here is massive projection. Virtually everything the left is accused of here, is exactly what the right does every day, out in the open. Nice to see that the right is so flexible, you have twisted yourselves into pretzels in order to agree with this blatant propaganda. This is all about wealth folks, and the means used by those who have it, to continue growing it exponentially. They use you folks as their protectors, their guardians. Yet nothing grows forever. Either wealth will have legal limits one day or humanity will go extinct. Those with the wealth use it to take power over our politics, and therein is the rub. Going extinct is intolerable, so those with wealth will smear anyone who finds unlimited wealth growth intolerable, and you folks buy directly into the smears. This video is not about tolerance or intolerance, it is a recruitment tool to get good little soldiers to protect the "right" of the wealthy to keep growing their wealth by extracting it from everyone else. Period.
    4
  3.  @Luca-bv5ic  - Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    4
  4.  @DEUltra82  - After reading your comment, I think you missed the real issue, which is not about taxes. It is about the exponential growth of wealth, which is totally unsustainable. Did you miss the part about a penny at 5% interest becoming over 180 earth size globes of solid gold in 1700 years? We have a much larger problem on our hands, the top 20% globally already own 94.5% of all wealth, there is nowhere to go from there. Capitalism is on the brink of catastrophic failure. When every central bank in the world is printing money like mad, which is happening right now, the whole system is on the verge of collapse. What I don't understand is the irrational disregard of the speeding train on imminent collision course with immovable granite mountain.
    4
  5.  @maxamphetamines  - What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    4
  6.  @DarkWraithKevin  - Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    4
  7. Yeah, Capitalism is freedom. So why are we not feeling free? What Nikki Haley and Milton Freidman (because he is dead) will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb, socialism for the wealthy.
    3
  8. Hell, the wealthy started racism to protect themselves. What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb, socialism for the wealthy.
    3
  9. I only clicked on this video to read some of the comments. What I see here is massive projection. Virtually everything the left is accused of here, is exactly what the right does every day, out in the open. Nice to see that the right is so flexible, you have twisted yourselves into pretzels in order to agree with this blatant propaganda. This is all about wealth folks, and the means used by those who have it, to continue growing it exponentially. They use you folks as their protectors, their guardians. Yet nothing grows forever. Either wealth will have legal limits one day or humanity will go extinct. Those with the wealth use it to take power over our politics, and therein is the rub. Going extinct is intolerable, so those with wealth will smear anyone who finds unlimited wealth growth intolerable, and you folks buy directly into the smears. This video is not about tolerance or intolerance, it is a recruitment tool to get good little soldiers to protect the "right" of the wealthy to keep growing their wealth by extracting it from everyone else. Period.
    3
  10. Indeed. What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    3
  11.  @Selig07  - Critical thinking? Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    3
  12.  @dove6069  - What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    2
  13. @Mrs Poulter - You are one of those people who have been successfully programed to believe something false. The1% do not create jobs. Look it up.
    2
  14.  @ThomasStuart  - No one needs $100 billion. When someone does have that kind of capital, it gives them the power to use propaganda and money to change our politics, giving them far more than the one vote they are legally entitled to. We need a hard cap on individual wealth to protect our rights and our one vote.
    2
  15. I only clicked on this video to read some of the comments. What I see here is massive projection. Virtually everything the left is accused of here, is exactly what the right does every day, out in the open. Nice to see that the right is so flexible, you have twisted yourselves into pretzels in order to agree with this blatant propaganda. This is all about wealth folks, and the means used by those who have it, to continue growing it exponentially. They use you folks as their protectors, their guardians. Yet nothing grows forever. Either wealth will have legal limits one day or humanity will go extinct. Those with the wealth use it to take power over our politics, and therein is the rub. Going extinct is intolerable, so those with wealth will smear anyone who finds unlimited wealth growth intolerable, and you folks buy directly into the smears. This video is not about tolerance or intolerance, it is a recruitment tool to get good little soldiers to protect the "right" of the wealthy to keep growing their wealth by extracting it from everyone else. Period.
    2
  16.  @jonathanmcentire970  - Working from the present to the past, just off the top of my head. Over the past year almost half a million died of Covid-19 when most could have been prevented, except that capitalism's demands on the economy over rode prevention. One million preventable gun deaths every 25 years. One million, six hundred thousand preventable deaths over the past forty years due to our for profit health care system. Half a million deaths in the past decade due to opiod use, pushed by pharma corporations. That is just a sampling. Just doing a simple Google search yields many articles and research papers on the subject. Here is a summary: By summing these deaths, it can be concluded that capitalism kills approximately 14 million people per year. Why is capitalism the culprit here? All of humanity’s resources have been divided amongst one percent of the world’s population. These people hoard more than 50 percent of the world’s wealth. Because of this massive inequality, the one percent are able to control the means of production, value, and distribution of goods. https://www.google.com/search?client=firefox-b-1-e&q=capitalsim+death+toll
    2
  17.  @JorgeGonzalez-gu7ve  - Just to be very clear about this, capitalism is not going anywhere. You seem to be inferring that socialism starves people to death, that is not any different than capitalism. It can be shown that capitalism kills approximately 14 million people per year, not because of a lack of resources. The top 1% hoard more than 50% of global wealth, they also control the means of production and distribution of goods. *If the top 5 wealthiest business people gave only 10 percent of their net worth to ending world hunger, or only 3 percent to provide clean water everywhere on the planet, then these issues would be more than eradicated. *However, there is no profit for them in doing this. Therefore, they don’t fix these issues, and never will. Millions more will die because the wealthiest people on our planet do not care about humanity. The wealthiest people on our planet care only about amassing more power, no matter the human cost. Wealth in the capitalist system means power. You just might get your wish. Just this year, the capitalist economic system reached its breaking point. There will be home grown insurgents in the streets soon, disrupting supply chains. This means we have a better than even chance that in the next ten years, starvation will be a reality for most people. Don't want that to happen? Then you had better start accepting that capitalism needs some urgent modification, and a little bit of socialism will not hurt you. * http://horizons-newspaper.com/index.php/2020/02/27/tallying-capitalisms-death-toll/
    2
  18.  @DEUltra82  - Hmmm. Flawed progressive tax system. Yes, flawed to the extent that there is not a progressive tax system any longer. There used to be one, before Reagan cut taxes from 70% to under 30%, and Bush Sr cut taxes, and Bush Jr cut taxes, and then Obama who made the Bush Jr tax cuts permanent, then Trump cut taxes. Doing all this tax cutting is what has driven up the federal debt to the extent that it is. What all these tax cuts have also done is allow the wealthy to extract wealth from everyone else. So yeah, our present progressive tax system is flawed, in that there are not enough taxes being paid and the burden of taxes now falls on the middle class rather than corporations and the wealthy.
    2
  19.  Bro Den  - All I can say about your comment is that I have done extensive research into the economy, most of which indicates that your comment is for the most part, factually incorrect. Certainly there are a few (a very few) who made their fortunes by working hard, but they are the exception and not the rule. What you are suffering from is overexposure to propaganda. You are supposed to think in this manner, because it benefits those who are manipulating your mind. Be careful. If you are truly all for fairness, then I suggest you start digging deeper because it is your logic that is actually fatally flawed, not mine.
    2
  20.  Bro Den  - What are you expecting? This video was about, or should a I say, against, progressive income tax. Who do you think benefits the most from modifying or abolishing progressive income taxes?
    2
  21.  Bro Den  - I have company today, having an in depth discussion is difficult to manage at the moment. So I am asking sincerely, would you like to discuss this topic of progressive taxes and associated "cause and effect" more in depth? If so I would be happy to. You are raising fair points, but they need to be explored in more detail than I can manage with just a quick message.
    2
  22.  Bro Den  - PragerU is a propaganda channel whose sole purpose is to brainwash the under educated masses. The owner of this channel, Dennis Prager, is a multi millionaire who does not want to pay his fair share of taxes and he is using his fortune to convince you to help him with his goal. Believe what you will, but these videos are harmful to the citizenry, not helpful to the country at all.
    2
  23.  Bro Den  - With all due respect, you have a great deal to learn. The problem good people face every day is learning how to navigate life while manipulative forces are at work all around them. I don't know you, but you seem like a nice enough fellow. You have no reason to take my advice over anyone else's, but I do advise you to do some digging. The reason I started digging is because I own a small business and what I had been taught about running a small business and playing by the rules, was not what reality was teaching me. I had to figure out for myself what was going on with our economy. The very first piece of information I started my investigations with, was a chart showing wage growth and worker productivity from 1945 to 2015. You read what I wrote in previous comments. I know you want to believe in PragerU and to put your faith in what is portrayed in these videos. These videos are very appealing for those like me, who were taught as children what to believe and how to live. I am now approaching 60 years old and it is only in the last few years that I have learned how we are being manipulated by wealth holders. Now I have made it my purpose to hut down the truth. Just have a care about where you place your faith and good luck to you.
    2
  24.  @jmaxton  - When I wrote the word "progressives", I did not realize at the time that I had used the plural. The word should have been "progressive". My error. "Fair share" is relative, we can really get into the weeds discussing that. Yes, I did watch the entire video, multiple times (though some time ago). The characterization of the three brothers is very arbitrary and does not realistically portray common situations, hence this video is a propaganda tool. Yes, the government does "create" its own fiat currency, the USA is the "sole manufacturer" of the U.S. dollar (this is written into the U.S. Constitution). Recently, the Congress and the Federal Reserve have made a mockery out of that ability via the CARES Act. Contrary to your statement, the government does not "only" redistribute tax money, though they certainly do engage in that behavior (mostly by redistributing from poor to wealthy). While you have credible understandings as outlined by both of your comments, you are off the mark by a wide margin concerning the governmental operations. The republic has been absorbed and remade into a plutocracy. The wealthy are in charge of the government. What you or I wants from the government amounts to little more than static noise at this point. The end game of capitalism is monopoly. I scrolled up and reread my comment. If you were paying attention, then you could easily follow up on the inevitable result of what compounded interest does to both debt and wealth, then be able to definitively conclude that the growth of both wealth and debt are unsustainable. Both have been growing at a higher rate than economic growth since the end of the Great Depression, and capitalism has created three crises in the past twenty years that only the wealthy have recovered from. Given that, what is the actual meaning of the word "fair"?
    2
  25.  @hunteressthompson5878  - Agreed.
    2
  26.  @misterc8387  - Are you serious? Talk about "fake news"! What riots? There have not been any riots. The Trump bashing is richly deserved. Defacing property? Where? Nazi symbols on WW2 veteran tombstones? That makes no sense. Our household lives by conservative principles, spend within your means, etc. The "Conservatives" in government are fake, they are shills for the wealthy and corporations. When you talk about attacking "innocent conservatives", why are you leaving out the vicious attacks on innocent progressives carried out by right wing hate media? This is all very one sided and most of this is made up grievance.
    2
  27.  @wouldntyouliketoknow7363  - I read the article you linked to. The end result is that people with right wing tendencies suffer from cold heartedness and lack empathy. Progressives only attack when attacked first and the political right's entire mantra is to attack the "other". This video is an example of that. Your entire comment is a case study on the effects of right wing propaganda, in other words . . . . you have been brainwashed. Really now, would it kill you to learn how to spell properly? The under educated have always been the most susceptible to propaganda and in an ironic twist, you don't really want to know that.
    2
  28.  @wouldntyouliketoknow7363  - Well . . . . if it make you feel better about yourself, go ahead, keep on projecting.
    2
  29.  @rise_and_reborn4048  - The first thing I want to convey in this comment response is that I really appreciate it when someone takes the time to express their opinion in a well written form. Thank you for doing so, it is discouraging and annoying that most replies are one or two lines at best. Now on to the topics at hand. In principle I agree with what you are writing about consumer pressure and choices, this is something I have believed since early adulthood. There is some power in walking away and sending your purchase power elsewhere. Experience however, shows that there is not always a choice. We just ran into this with my daughters employer, to work from home requires a high speed internet connection. Although there is a choice of internet providers, only one provides the services needed in our area. There is no choice on this, under these circumstances. There would be, if internet providers were a public utility, or if the federal government had consumer friendly regulation of internet providers. The market and regulatory landscape of internet providers which narrows down or eliminates choice, is duplicated throughout many areas of the economy that citizens depend on. Your attitude and beliefs seem to be similar to my own, earlier in my life. Due to an opportunity to study the economy in detail, so much of what I believed just fell away. This video is part of a very long running con job. It has been well known for centuries that compounded interest always outpaced economic growth. Yet we have been sold this idea that an ever expanding economy is healthy, not only for us but for the poor all around the world. We have been sold on this idea and it is a hustle. Exponential growth is not possible, but the hustlers need us to believe it is, that is the reason they also sell us stories about things like choices in the marketplace. How can competition be good for the consumer, when the point of competing is to be the only one left standing? You expressed several ideas in your closing sentences, ideas that are simply no longer practical for most people or no longer exist as choices. As a veteran of "make your own to provide an alternative to monopolies or oligopolies", I can tell you the barriers to entry in any business arena are now virtually insurmountable due mostly to the FIRE sector. Your opener indicated your unfamiliarity with this, FIRE means Finance, Insurance and Real Estate. The FIRE sector used to be heavily regulated for just these reasons, however due to the deregulatory environment of the past four decades, this sector is growing by shrinking all the others (economic cannibalism). To get away with this, stories are told, like this video. The narratives that we live by are designed for us, so that we will not question. It was a hard thing, to see almost everything I believed in being stripped away by the truth. My first comment contains the core facts, accumulated wealth is huge compared to our economy. In order to grow, wealth needs to feed. It feeds on the economy and when that is not enough, it feeds off of governments. This will end with a government collapse, we have just witnessed the beginning of that collapse.
    2
  30. What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    2
  31. Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    1
  32.  @drquack3671  - How many people like my comment is no reflection of my intelligence. Given the platform, the lack of "likes" is more a reflection on the type of people who watch this video and actually buy into the propaganda. You wrote a long spew on the "The Intolerance of Tolerance" video, which was almost entirely propaganda talking points. Your "basic economics" was all talking points without any realistic merit. That particular bit was guided entirely by what billionaires want you to think, someone more knowledgeable who has done actual research sees right through you. You don't even realize how transparent you are, and that is pretty lame. You think you scored some points with your "you think you're smart but" line, the only ones who will appreciate that line are just as idiotic as you are. By the way, you copied and pasted the same comment twice here and I don't know how you can insert an extra letter "c'" on the same exact comment one hour apart. "I love how you think you're smart but not one person liked your (sic)ccomment.Keep drinking the Koolaid, buddy."
    1
  33. What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    1
  34.  @artirony410  - BASED? As in the center of operations? A naval base? A ship is BASED at a port . . . BASED?
    1
  35.  @handlemonium  - Agreed. Remember this also: that stockpile of million and billions is drawing interest . . . . compounded interest. Compound interest is unsustainable as illustrated in the following excerpt from Micheal Hudson's paper on compounded interest and debt. Excerpt: "“Money bearing compound interest increases at first slowly. But, the rate of increase being continually accelerated, it becomes in some time so rapid, as to mock all the powers of the imagination. One penny, put out at our Saviour’s birth at 5% compound interest, would, before this time, have increased to a greater sum than would be obtained in a 150 millions of Earths, all solid gold." That dept or even a small fraction therein, is beyond collection and therefor impossible. However, in propaganda videos like this one, the goal is to convince you that the millionaires and billionaires have a god given right to have morbidly excessive wealth and to grow it with compound interest. Quote from: http://michael-hudson.com/2001/04/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-ii/
    1
  36.  @samuelebincoletto637  What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    1
  37.  @conorthompson1335  - Yup, cannot disagree with your assessment . . . spot on!
    1
  38.  @michaelcarter7079  - The rich are being punished? You need to read this then, because you have fallen prey to their propaganda. Ok, I just watched this video. First of all, Prager U is a propaganda channel set up by Dennis Prager. While his videos are very appealing to conservatives, they are highly skewed. When I refer to "progressives", I'm not talking about the way households or local governments are run. I'm talking about how the federal government is run and the way the wealthy gain more wealth. We run our household with conservative methodology. Local and state governments must operate using a conservative methodology or they will go broke. That is not the way the federal government or those with excessive wealth operate. There is a distinction and a difference. The federal government creates money and can never go broke. None of our federal tax money is used to run the federal government, all of the federal government operating expenses are covered through congressional appropriations and spending bills signed by the president. Spending bills signed into law are the check, and the U.S. Treasury can always cash the check. The federal government chooses to sell bonds, though there is no requirement for this, it is a safe haven for savings because the federal government can never go broke. Our federal tax money is used to retire older bonds, but the reason the federal debt keeps going up is because taxes have been lowered over the past four decades for the higher income and wealthy citizens, so there is not enough taxes coming in to retire bonds. Of course there are other reasons for the federal debt going up, useless wars, bailing out banks and Wall Street, subsidies to industry, etc. However the main reason we have a federal debt is that the U.S. government is the source of all currency and if that currency is withdrawn by balancing the budget, we would be in perpetual economic depression. Those with excessive wealth (I consider the wealth of Dennis Prager to be on the low end of the excessive wealth scale), use this type of propaganda to advocate for low taxes for the wealthy, by trying to equate themselves with a middle income conservative household. They are nothing like a conservative household. The exponential growth of compounded interest creates wealth by extracting it from the very conservative households this propaganda is appealing to. Look here, there is an example of the accumulation of wealth put forward by a 1700's philosopher that I like to use. The economist Michael Hudson translated his writings into U.S. currency so we could understand it. If you took one U.S. penny at 5% compounded interest, and started it in a savings account at the birth of Jesus Christ, by the year 1750 the value of that initial penny would be over 180 earth size globes of SOLID GOLD. This of course, is completely unsustainable. By issuing this kind of conservative propaganda, the wealthy elites are trying to obscure from us the way they grow their wealth, not from hard work and effort like you, or Elon Musk, but from extracting wealth from all of us, so they can get compounded interest based on their already immense accumulated wealth. The same thing happens when you get 20% of the population who have accumulated wealth 2.5 times our annual GDP, the compounded interest being paid on that accumulated wealth can only be gained by extracting wealth from the bottom 80%, but even then, there is a limit. This is why since late September of 2019, the Federal Reserve has been pumping liquidity into the banking system like mad. The world is running out of money to pay interest to the wealthy. Central banks all over the world are pumping currency into the banking system, and that currency is being borrowed by corporations and the wealthy seeking a greater rate of return in the stock markets. That is the entire reason the stock markets are booming. Being progressive in the modern era means putting a stop to the over-accumulation of wealth, because it is simply unsustainable. It is not about jealousy or envy, those words are propaganda talking points. It is about our very survival as a species, that is what being a "progressive" is all about these days.
    1
  39. One sided point of view. The death toll of capitalism is comparable to that of socialism, just not so widely reported in capitalist countries.
    1
  40.  @natejennings5884  - What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb, socialism for the wealthy.
    1
  41. I only clicked on this video to read some of the comments. What I see here is massive projection. Virtually everything the left is accused of here, is exactly what the right does every day, out in the open. Nice to see that the right is so flexible, you have twisted yourselves into pretzels in order to agree with this blatant propaganda. This is all about wealth folks, and the means used by those who have it, to continue growing it exponentially. They use you folks as their protectors, their guardians. Yet nothing grows forever. Either wealth will have legal limits one day or humanity will go extinct. Those with the wealth use it to take power over our politics, and therein is the rub. Going extinct is intolerable, so those with wealth will smear anyone who finds unlimited wealth growth intolerable, and you folks buy directly into the smears. This video is not about tolerance or intolerance, it is a recruitment tool to get good little soldiers to protect the "right" of the wealthy to keep growing their wealth by extracting it from everyone else. Period.
    1
  42. What Nikki Haley will never tell you about capitalism is the following: The U.S. economy of 2019 was about $21.5 trillion and grew 4.1% over the year. Meanwhile, 2019 holdings in privately financial assets was over $90 trillion, which grew at an average of 5% over the year. Economic growth is supposed to be the engine for capital gains, so lets do the math. The economy grew $881 billion, the value of privately held financial assets grew $4.5 trillion. Where does the money for private wealth growth come from when economic growth is five times smaller than private wealth growth? Answer, wealth squeezes us and loots the United States Treasury when they cannot get enough from the citizens. Fact bomb.
    1
  43.  Bro Den  - Thanks for the question. I don't want to overwhelm you with details, so I won't be able to exactly define a bunch of issues with just a few words. Therefor I will pick the biggest problem and we can go from there. Subject: Compounded interest. I was taught from a young age to save, and that my nest egg would grow if I kept adding to it and reinvested the interest back into the nest egg. It was wonderful advice, because the interest I "earned" was added to the principle so that last year's interest was earning interest this year. Sound financial advice, I have earned over 5% on my nest egg year over year. My nest egg is held in "financial assets", stocks, bonds and index funds. With these "investments", my money is going out there to make companies more productive and therefor profitable enough to pay me interest and dividends. Ultimately, my interest payments are made from profits and economic growth. Well, that was what I thought for over 40 years. Three years ago I started to research the economy because I wanted to know why my business revenues, which went up every year for ten years, were not buying the same value of goods that I could buy ten years ago. Something was wrong, and I wanted to find out what. The economy furnishes our livelihoods, pays for my business and my investments. So logically, the economy has to grow faster than my business and investments grow in order to be healthy. Now we have to do some math and I will round out the numbers, so either double check my work or take my word for what I'm going to say. The economy in 2019 was about $22 trillion and it grew from 2018 by about $66 billion. That was about 3% growth. I have not been able to track down the grand total of "financial assets" out there, so I'm going to use one segment to demonstrate. "Households and Non-profit organizations" held $90.97 trillion in the 4th quarter of 2019. If we assume those financial assets earned 5% interest and dividends (the range is .75% to 9.75% interest, so 5% is about the average), then the interest paid is $4.55 trillion. Now remember, this is just a fraction of all the financial assets out there. That interest payment to households and non-profit organizations ate all of the 2019 economic growth plus 17.6% of the entire economy. The problem is that the total of "investments" are five to ten times larger than the economy, earn more interest than the growth of the economy, therefor production within the economy cannot keep up with investment growth, so instead companies are forced to raise prices in order to pay shareholders. This is the reason my business actually provides less than it did ten years ago even though my business is twice as large as it was ten years ago. Both my business and the economy are being cannibalized in order to pay investors. This was a shock to me, and here lies the answer to your question. The top 20% of households hold more than 77% of all financial assets. The top 1% own 54% of all financial assets. This means that the wealthiest people are hollowing out our economy and my business, in order to gain "unearned income" to add to the riches they already have but could never spend in 100 lifetimes. Finally, an example that was worked out almost 300 years ago. If you took a penny and put it in savings at 5% compounded interest when Jesus Christ was alive and did not touch the account until the American Revolutionary War, that penny would turn into a greater sum than 150 MILLION earth size balls of solid gold. That dept cannot ever be paid and that wealth would be impossible to collect. This is the madness we are living with and the vast majority of the fault lies with the wealthiest 1%, which includes Dennis Prager of PragerU.
    1
  44.  Bro Den  - What I figured out, is that capitalism not the great equalizer. In 30 to 35 years, all wealth will be in the hands of ten percent of households. I'm too small, so all my wealth will be vacuumed away by rising costs. Even people who are wealthy now, will lose that wealth as the greater fortunes, using compounded interest, eat all existing wealth. Now if you want a society where everyone is poor except a few lucky souls, then that is what we are going to get. Essentially, democracy will be gone and we will have some kind of feudal state where the rich make the laws. The poor will just be stuck with their lot, which will be perpetual poverty.
    1
  45.  @jesha1995  - My, my, yet another naive comment from the mass of people who have succumbed to oligarch propaganda. People do not get rich from running a successful company anymore. Currently, more than 16% of all American corporations are zombies, meaning they can pay the interest on their debt but cannot pay any principle. Most companies are in debt up to their eyeballs due to central banks with record low interest, from which companies borrow for the sole purpose of purchasing their own stock in order to artificially inflate stock prices (that is while NOT making a profit from productivity). In addition, you are not taking into account the sheer mass of "financial assets", which are paying interest or dividends to their holders, the mass of which far outweigh annual economic growth of any country. These people are not doing any work at all, yet they "earn" far more in capital gains than the economy grows every year. I thought you people took a stand against those who get "free money" without doing the work to earn it.
    1
  46.  @jesha1995  - You really should have paid attention in English class during school. I know they don't teach economics in our school system (part of the conservative movement's deconstruction of education efforts), but you should at least know how to construct a sentence without using double negatives or even be able to construct a response that makes sense.
    1
  47.  @jesha1995  - I'll put things very simply. Wealth always grows faster than the economy. That means sooner or later wealth will hollow out the economy and kill the host, just like a virus. The only solution is to write off debt, which also means the elimination of wealth. What you are describing with taxes and inflation is pure propaganda, it is factually incorrect. No economy on earth is going to grow at 7%. You really need to check your sources, because they are feeding you a bunch of BS.
    1
  48.  @jesha1995  - What you are writing is a lot of confusions and contradictions with a splattering of factually correct information. That is exactly the position those with real wealth want you to be in, that way you are not a threat to them if you live in a republic or democracy. Here is a dose of fact that you can confirm for yourself if you are willing to do the research. Over the past 30 years, the economy of the USA has grown by 2.56% annually. The rate of return on investments has been over 6% annually in the aggregate. In 2019, 4th quarter, one sector of investments titled "household and non-profit organizations" was holding 97.6 trillion in financial assets. The rate of return on those financial assets was in the trillions, whereas the growth of the U.S. economy was in the billions. Keep in mind, this example is of one sector of the entire investment spectrum. An economy that grows in the billions cannot support capital gains that are in the trillions. Those who are holding real wealth want you confused. That is the entire purpose of PragerU, to confuse and confound. Unfortunately, they succeed, you are a prime example of their success. Believe what you want, because whatever you choose to believe, it does not change the facts on the ground.
    1
  49. ​ @jesha1995  - Where do you think wealth growth comes from? You missed the point entirely. You are supposed to believe that wealth is derived from economic growth, but that is a lie. Financial assets are legal instruments whose sole purpose is to grow wealth. Wealth growth is where all inflation comes from. You are very confused and digging yourself into a deeper hole. Why do you think that American corporations borrowed so much money from the Federal Reserve over the past decade? Those loans were not invested to increase productivity, because there is no profit to be gained when people do not have money to spend on product (product, that is where the "P" in GDP comes from). Instead, the money from these corporate loans were spent to buy back their own stock, thus inflating the asset price of the stock. Additionally, this corporate borrowing caused the currency devaluation due to money printing you wrote of earlier, which in turn causes inflation for ordinary folk. Why do you think there was a interest rate spike in September of 2019 that caused the Fed to multiply their REPO operations on a daily basis every single business day since then? The Federal Reserve is currently the only thing propping up the stock market, which should have crashed last year, due to the extreme burden corporate borrowing has placed on asset prices. Look here, you are woefully under educated. You came in here telling me that the penny invested 2000 years ago would not have generated the sum totally over 150 million earth size globes of solid gold because of inflation. Your statement is incorrect, because for 1700 of those years, there was no inflation. The point that you missed is that compounded interest, which is what investments produce, cannot be sustained by any economy, because compounded wealth grows faster than any economy can sustain. This is what the wealthy do not want you to understand, which is why they lie to you and tell you complicated stories to support their lies. This video is one of those lies. Do more research, then come back and talk to me, otherwise you are just another chicken being raise to slaughter for the benefit of those who do no work yet gain immense fortunes.
    1
  50.  @theg.c.142  - Wow. So you think that taking an hourly job comes with zero risk? So a family moves to a new location for better work, you think that is not a risk? When a worker buys a home based on their qualifying income, you think that is not a risk when the employer can simply let that worker go at any time for any reason? I could go on, but your entire comment is filled with myth that comes straight out of the Oligarch's Propaganda Handbook. A prime example is that you think wealthy people invest invest in the middle and lower class. No, that does not happen, has not happened for decades. If what you say was true, then we would not have a third world infrastructure and education would be properly funded. The wealthy have abandoned the poor and middle class, which is why they have no further need of an educated populous or the infrastructure to support them. You have drunk the poisoned kool-aid my friend and it has successfully blunted your thinking capability. BTW, I am not a liberal or an independent, at heart I am a conservative. Yet even the meaning of conservative has been warped by propaganda. Do some actual research, spend a few years digging into facts about the economy, then maybe we can have an intelligent conversation. It is apparent that think yourself well educated, you are however fully stuffed with propaganda. Do some independent research, then you can free yourself and look about with clear eyes and mind.
    1