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Excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my research is into. Whats called the financial instability hypothesis that explains w...

The ones who paid for it in fact it was the work because there was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of profit did it has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of a...

From running 2028 with me max kaiser and Stacy Herbert as we look ahead to all the excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my ...

Smart and entrepreneurial and wealth creating or is it an odious wealth situation dr Michael Hudson if there is such a thing as odious debt or bad debt then theres such a thing as odious wealth on the other Balance Sheet the billionaires assets of the one percent are the debts of the 99 percent and the question is should america keep all of these debts on the books if it keeps the debt on the book the economy is going to shrink and shrink and shrink for the 99 percent and the only people who will be growing is the one percent of the creditors so the issue isnt really should you tax billionaire...

Was this is a simple relationship between increasing level of private debt and a full name out of money going to work because as you had a rising level of debt which is what led to a cross that rausing level of debt meant a rising amount of money going to the bankers and rather than the capital of spain the ones who paid for it in fact it was the workers it was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of private debt has meant more money going to bankers list going to work because and capital is feeding in the middle ho...