
Did the debt ceiling deal really save the US from bankruptcy?
Geopolitical Economy Report
00:00
The Vicious Circle of Government Investment
The average worker in the United States is paying something like a total tax effective rate of all sorts of taxes more than the top 0.1% and 1%. The government will be forced to borrow more because it's not getting the revenues as a result of higher incomes that everybody is getting apart from the inequalities of the taxation system which is just ludicrously in the corner. I mean we can't afford to pay decent pensions to people when they get old this is absolutely nonsense.
Transcript
Play full episode