Comments by "Ray Bod" (@raybod1775) on "FRONTLINE PBS | Official" channel.

  1. 13% inflation (1980 calculations) is not helping the average or poor Americans. It’s the fault of Congress. Congress could make stock buybacks illegal and bring back the Glass-Steagal Act that separates banks from investments.
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  2.  @daughtryshane1785  Top 1% get all advantages through their corporations which get direct bailouts from Federal Reserve and overseas tax avoidance, of course they have all the control. Level the playing field and take away all the benefits when a corporation goes over $10 million.
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  3. Too much federal government deficit spending employing too many expensive contractors, too many handouts, too many government agencies, too many government employees…
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  4. If people would listen to police and obey police orders, few people would get hurt. We need to give the police more technology and tools so they don't put their lives in jeopardy to arrest people. Too many people fight the police. Every large police department has a room full of police who are constantly injured on the job. Most people shot by police in the U.S. are White, not Black.
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  5. Like everyone
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  6.  @spacetoast7783  The Federal reserve has doubled the amount of bond purchases since the beginning of 2020, too much money after too few goods. A lot of major items have gone up 25% or more like housing, gas, appliances and building materials. Ban stock buybacks because executives are using corporations to take on of debt to boost their salaries and share price. Nothing productive is being done with borrowed money and makes the financial position of the corporation worse.
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  7. We got no money left in the United States, so we need tariffs to help pay our budget deficit.
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  8. chief tp Like it used to be in America in the 1960's: restrictions on trade with Communist countries, tariffs on imports, high taxes on high earners unless they invested their money in U.S. business, corporations paying higher taxes than workers, corporations forced to have pensions and healthcare for their workers, a reasonable minimum wage, no locking out unions, enforcing ant-trust laws, separation of banks and investment firms (Glass-Steagall Act), high levels of government spending on infrastructure. The Nixon opened the U.S. to Communist China, Reagan started open season on unions and busted the budget with deficit military spending, Clinton helped get rid of Glass-Steagall and allowed our factories to be sold to China on the cheap, and Bush Jr. again blew out the budget for his unfunded Iraq War that lead to the collapse of the economy in 2008. I'm sad to say the American middle class has aged worse than me.
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  9.  @daughtryshane1785  It’s the masses that fuel the economy, the billionaires skim the biggest chunk for themselves. Capitalism requires poorly run businesses to go out of business. This free ups resources to go to new businesses to be created. The problem is large corporations are blocking new businesses from emerging.
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  10. 100% chance Fed will back off too soon and inflation will take off like a rocket.
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  11. We are living in a time where Capitalism has run amok. The government is supposed to serve the people, instead it serves entrenched interests and the wealthy. We need a flat tax system that taxes all income at a certain level and all imports at the same rate without any tax write offs for anything. Any imports would therefore pay a double tax, once when items are imported and once again when they are sold. All corporations would be forced to pay on their income, instead of finagling their income to nothing like Amazon. All wealthy would be forced to pay and not play games to shelter their income. Everyone would then be on an equal footing.
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  12. Federal Reserve creates its power by reducing the value of the dollar which creates inflation. New Federal Reserve money goes directly into the pockets of the rich through ‘asset purchases’ through its own buying, banks or hedge funds which borrow directly from the Federal Reserve. This is trickle down economics, rich on top down to poor (last). Everyone pays through inflation. That’s why the founding fathers in The United States Constitution gave only Congress the power to coin money. Federal Reserve is an unconstitutional entity.
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  13. Federal government is so afraid to go after executives for massive crimes of big corporations because that’s where politicians get their money from.
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