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

Red Rex - A flat tax is a con job and will not equalize anything, in fact it will make our problems much worse. When the worker is taxed on his labor, that is not equal to the wealthy who is taxed on the capital gains they accrue through no labor. Furthermore, the worker is unlikely to gain 10% annually on their labor, whereas the wealthy have financial assets that do gain 10% annually. The tax problem in our society is due to a systems imbalance with accumulated wealth being five times the size of our economy and growing five times faster than the economy. An economic system needs containment boundaries as all systems must, yet wealth can grow to infinity, meaning our economic system has a gusher of a leak. If you have an engine leaking oil or fuel, that engine will not operate for long without sealing up the leaks. Same thing with wealth in an economic system, wealth must have an upper limit or the system cannot operate properly. This means a wealth cap, this much and no more. Get your head wrapped around that idea and stop buying the propaganda this video is peddling, a flat tax is oligarch propaganda and Prager is an oligarch.
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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.
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@hubertcumberdale2651 - Ok, I can understand why you would think "period" means no further discussion. I meant it as, "it really is that simple". Please, prod away.
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@starboysuniverse9956 - No place for idiots eh? So why are you here? 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.
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@artirony410 - So you don't tolerate Ronald Reagan? George Bush? Rupert Murdoch? Glad to hear it!
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@misterc8387 - Ok. Let us assume that I am really stupid. What has the left been doing leading up to today? Your comment is a little short on actual information, so I have no idea what kind of left activities you are referring to.
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@wouldntyouliketoknow7363 - Find a broader based study. One study consisting of six parts using select participants in a highly polarized region of the planet is not enough to form a scientific consensus.
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@wouldntyouliketoknow7363 - Must have struck a nerve. Still projecting, except more shrill.
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@rise_and_reborn4048 - In the 1950's McCarthy type propagandist socialism, there is no choice to be had. Please, try to catch up with the times, they are a changing. Your opening argument fails on it's merits. So we can just walk away from our healthcare provider? To go where? So we can walk away from a landlord, to go where? Try walking away from a lemon car, see where that gets you. The FIRE sector of the economy is parasitic and has infiltrated all levels of our economy, how are we supposed to walk away from that? We cannot. This is what capitalism has done, leached out everything it could from the productive economy and then moved on to looting governments. Really nice system, that capitalism.
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@hawkmoonvt - You are correct in that if the treasury prints more money, it decreases the value of that currency, thus making it harder for the lower classes to pay their debts. You are incorrect about the connection of paper money to precious metals. In 1971, Nixon took the United States out of the Bretton Woods Agreement and at the same time took our currency completely off the Gold Standard. That means we have a free floating or "fiat" currency. There is no longer anything "physical" backing up our currency except the "good faith" that the USA will pay its debts and interest on treasury notes. Nowadays, paper money is only 1/10th of the currency circulating in the economy, the majority is "digital currency", just keystrokes on a computer. What you are referring to is the old way that money used to be handled, like in the run up to World War Two when France and Great Britain bankrupted themselves paying in gold for war materials from the United States. That world no longer exists.
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@AHSears - That was interesting. Why did you link to a Press Trust of India | Mumbai article? That is like looking at the world through a crack in a door from a dark room, not much in the way of seeing the big picture. Funny thing is, you completely negated your own case with your final sentence. Why do you think the average Joe barely has the capacity to grow wealth? Let me show you something with more clarity. There has not been that much inflation in consumer goods over time, but there has been a flood of liquidity being pumped into the economy over the past year. The money is going from the Fed, straight to the stock market, that is where actual inflation is showing up. The Federal Reserve is now accepting corporate bonds onto their balance sheet, something it has never done before. You really should check into the phenomenon of "Zombie Corporations", the ones who can only stay in business by borrowing because the revenues they get from "customers who pay for the things they provide" is no longer enough to keep them afloat. Just take a look at the Federal Reserve balance sheet compared to the S&P 500 over the past ten years, they are for all practical purposes identical. The only reason the entire stock market had not collapsed last year, is because of the massive $3 trillion cash infusion going directly to corporations so they could buy back their own stock. This money cannot ever be repaid because corporate revenues from "customers who pay for the things they provide" simply does not exist any longer. http://www.currentmarketvaluation.com/other-models/2020-08-Fed-Balance-Sheet-vs-SP500.php
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