On with Kara Swisher Robert Reich on Trump, Harris, Musk and More
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Sep 19, 2024 Robert Reich, a renowned economist and former Labor Secretary, shares his insightful critiques on America's rigged economic system. He discusses the stark differences in presidential candidates' visions for the future and calls out the powerful, including Elon Musk and Donald Trump. Reich emphasizes the economic disconnect felt by many Americans, the need for structural changes, and his unique ability to connect with younger generations through social media. His sharp analysis touches on topics like trade, campaign financing, and accountability in the tech industry.
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Economic Discontent
- Many Americans haven't benefited from economic growth like in the past.
- This fuels anger and resentment, especially among white, rural, non-college-educated voters.
Trump's Economic Policies
- Trump's proposed tariffs are a regressive tax, hurting lower-income people.
- Extending the 2017 tax cuts won't work; trickle-down economics is ineffective.
Immigration and Wages
- Immigrants, regardless of legal status, generally don't depress wages.
- They often fill jobs Americans avoid and contribute to Social Security/Medicare.
