Podcasts News Politics Episode 759 | Bloomberg Vs Wealth Tax | Economists: Canceling Loans Booms Economy | Danger of Trump

Episode 759 | Bloomberg Vs Wealth Tax | Economists: Canceling Loans Booms Economy | Danger of Trump

Published: Nov. 25, 2019, 8:34 p.m.

Episode 759 |

Michael Bloomberg has committed to spending between $500 million and $1 Billion to run for president. If you're wondering why he wouldn't spend this on progressive causes, realize that this is 100% about stopping Elizabeth Warren and Bernie Sanders from instituting their various wealth taxes. Under Elizabeth Warren alone, Bloomberg will have to fork over $3.1 billion next year alone. So investing $500 million is nothing compared to what he can save if he stops Warren.

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Economists now say that canceling student loan debt will be a stimulus for the economy. But this was never rocket science. If you put more disposable income into the hands of consumers, the economy will inevitably grow.

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Finally, Trump has signaled to the military that he will pardon them and back them no matter what they do so long as they are loyal to him. Yesterday, the President fired the Secretary of the Navy, Richard Spencer, in support of a disgraced Navy Seals member who was found guilty of posing with the corpse of a teenage member of ISIS. This is terribly disturbing and dangerous. Let's discuss why.