Comments by "" (@tekannon7803) on "Does Sanders' Tax Plan Work? We Do The Math!" video.
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Dear Mr Hartmann, One can only imagine what your country would be if you were running for office and make it the presidency. You have a way of dealing with social issues that make President Trump look like a mob boss. Then again, maybe he is… Seriously, your comments about Reagan have to include his and Margaret Thatcher’s undoing of the failsafe mechanisms put in place after WWII i.e. deregulating the markets. According to economists like Krugman, this is what led to the 2008 GR. I’m not an economist, but it seems that wonderful man, Ronald Reagan was a Donald J. Trump in disguise. When we hear a worker of a couple of decades ago could take care of all the bills in 28 weeks for a family of four and now his salary needs 53 weeks to break even, your analysis about the 74% tax rate dropped to 28% by Reagan holds water. How about the fact that Bloomberg was worth 3 billion in 2008 and 60 billion in 2020. It’s not Bloomberg’s fault, or Reagan’s or any president or the Fed Chairman’s fault. In my opinion, and this is thanks to learning about economics from such distinguished guests as professor Richard D. Wolff. No; in my lay person’s opinion, it’s nobody’s fault the economy of the entire world is running on empty: it’s the capitalist system. Like an inner tube that has been fixed so many times it leaks everytime you fix it, capitalism is no more.
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