Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Robert Reich" channel.

  1. You are right about almost everything. The price setting in the food industry, however, is a little bit more complex. At least in Germany there is still enough competition between the single big 4 or 5, so margins are generally low. Thats why the chains have to be so large. Regarding price setting, retail companies rather push down supllier prices to an extreme for weaker suppliers. Only strong brands try to keep up their (to high) prices
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  2. The pervert thing about owning big parts of the stock markets is that ordinary savers are encouraged to frequently save money each month into the market and leave it there for as long as possible untouched to earn a few percent every year, while the big fish's optimize their capital revenue by more often selling the highs and buying the lows as good as possible. Like this they are also slowly but surely taking (or legally stealing) the money from small investors and savers 😡
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  3. I only found your channel now and I immediately like it (subscribed) 😎 If you could implement more MMT knowledge, even the better! (Not "tax payers" money bailed out the banks in 2008, there would have been near enough taxed money available. It was newly created money 😔)
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  4. Dear Bob and Hether, thank you for your relentless work! Im glad that at least more than half of America is anti Trump! I just hope that some checks and balances keep intact in the US. If not, Trump and his friend may become as powerful as Hitler in Germany once (although in a very different way with Trump NOT beinglike Hitler, Im sure, but embracing the 2nd Gilded Age). And who rescued Germany from Hitler? Who can rescue the USA from outside?
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  5. By the way, no company really maximzes their profit, rather optimizing. Maximizing prfits wouls mean back to merciless, tough raw capitalism, or worse
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  6. As a German, I love to see you having a "Kaffee Klatsch" thought this would be something German only 😂😎🇩🇪
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  7. @seanmcmurphy4744  it's a real shame in the US
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  8. Prof. Reich, thank you for the great class so far. If you now would also answer your question of "Who pays for that?" with facts from Modern Money Theory (MMT) I would appreciate your amazing work even more. Since we will neve be able to address all issues, specifically in crisises, if we always believe in this policy that the state can only work with tax payers money, where taxed money actually isnt revenue of the state/treasury or whoever.
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  9. I guess, there might still be one mistake in your thought about the national debt: its not owned by holders of government bonds. Since bonds are not the debt. China did not lend money to the USA, investors like pension funds did not lend money to the USA. They only save money with the treasury by buying interest-bearing bonds instead of dollars sitting in their accounts fir nothing. Its only because of policy that government deficits shall be mirrored by the same amount of bonds. The public debt is already spent money thus becoming deposits on private accounts. Interest-bearing onds would technically not be required. It rather takes out money from the productive cycle. And interest payed by the government is just more income for the rich or other states. Thus high interest rates might as well be inflationary themselves if the extra money is spend again
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  10. Why not let rich people donate the money for good an selected national purposes that they would otherwise spend for lobbyists that defend their wealth?? 🤔🤷‍♂️ So the would have to spend more that they'd do anyways, and relevant projects would benefit 😎
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  11. On the USA, you should reallz shift to a public health insurance that covers much not only essential basics There is no point of giving this into private hands that try (don't have to) maximize their profits
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  12. If not the very reasonable RCV sytem is chosen for the US, then why not just going with the popular vote results for each state?? So the members of the electoral colleagues just shall represent the votes distribution in the state, including less successful parties! Else, only Dems and Reps will rule and have voices forever. No Greens etc.
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  13. Interesting to see how many iPhone Dollars go to Europe. I bet most of them are profits directed to Ireland to massively save taxes 🤷‍♂️🇩🇪
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  14. Prof. Reich, please don't call the rich the holders of the public debt. It's not true and give them even more undue Power of the USA and big parts of the world. Please have a nice chat with Stephanie Kelton! 🙏 The USA is currency souvereign. No one owns their public debt which translated to US private assets, of which most came to the hands of the few richest guys - who should never be allowed to control so much buying and political power!
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  15. For me as a German, it's a real No-Brainer to auto-registrate all voters. In Germany you don't need to do anything to be allowed to vote. You get all your vote notifications via mail at home including detailed information in where to vote (close-by). You may choose to vote earlier via mail vote and will soon get all the documents and colorful envelopes to allow no unintended error in the voting process. USA, just become a modern voting nation, eventually!!
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  16. Please, Prof. Reich, don't tell your students that tax payers have to pay for all the increasing costs for climate change-associated disasters and preventive measures! It would not be possible! It's jot the tax payers who pays for everything! Please talk to Stephanie Kelton. She advised Bernie Sanders 🙏
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