I love Cenk, but its like stick to the commentary, man, and refrain from any attempts to sing…
Can someone talk to him please?
In this clip his, “na na na na hey hey hey goodbye” is so tuneless it is almost indistinguishable….
The answer to the tax plan is for the average person to form a pass through corporation and have his/her corporation loan out the person’s services to the employer. The employer pays the corporation directly for the employees services instead of the employee. The employee gets the 15% tax rate and will be able to take business deductions. I know that in CA the minimum franchise tax is $800, which is one of the highest, but still well below the current tax bracket for a large majority of tax payers. It isn’t ideal, but it can even the playing field with a little creativity.
This might sound REALLY cold-hearted. But hear me out. If no one can pay for cancer treatments, the treatments will have to become cheaper, because now doctors and big pharma are raping our country with treatments that cost a few thousand dollars but which “retail” in the millions. These treatments are primitive, use outdated technology, and can be more deadly than the cancer itself. For cancers caused by degeneration, these treatments are almost completely ineffective, adding, at most, a couple years of intense suffering to the person being treated. In all of our discussion about the cost of medicine, there is no challenge to the efficacy of the treatment, nor to personal responsibility in healthy living. Since type II diabetes is caused by sugar over-consumption, and it is ridiculously expensive to treat, yes, people will die. But people who are being exorbitantly treated also die, sometimes even of insulin overdose. They are certainly never cured. Diabetes and sugar consumption is an epidemic, with 40% of the adult population expected to have type II diabetes by 2021. Many of those will stop eating sugar, knowing they can’t afford insulin. A lot more doctors will treat with diet modification, knowing their patient can’t afford insulin. Some doctors have an entire practice based on what I would call “hopeless” diabetes patients–this feeds big pharma and bankrupts us all. Type II diabetes is entirely curable with diet change. Caveat: You must also break the stranglehold of the AMA , the FDA, and big Pharma. Unlikely the Republicans will do this.
Making treatment costly and out of reach is never a good thing even if it might have some unintended positive results. Also, your diabetes comments are overly simplistic and you’re completely omitting genetic and other reasons why some people can’t properly process blood sugar.
People were told about this before voting and yet still they either voted enthusiastically or abstained. This is bill is designed for hedge funds because some of the largest hedge funds in the world are “small business” because they barely employ 100-200 people like Paul Singer’s infamous Elliot Management.
And if people think that returning to the same tax rates after a progressive revolution would be easy should think again. One of the reasons Greece is in so much trouble is precisely because it tried to increase taxes so fast in so short time that it lead to 10s of billions of Euros that should have been taxed at 30% fleeing the country via international tax loopholes.
The hole dug by this tax cut will take a long time to be dig out from. Reagan’s 25% top rate was not repealed until 12 years later.
Its very important to discuss “effective” tax rate versus actual tax rate when discussing corporations. 15% is competitive internationally and many companies effectively pay less than that now due to exemptions/loopholes. Making it 15% across the board but getting rid of all the loopholes would be OK (there would be winners and losers in the corporate world) and might actually help small businesses.
I agree that individual taxes and inheritance taxes should be much more progressive than they currently are much less what the Trump administration is proposing.
Here’s the best idea, kick those crooks out from US citizenship, and investigate international companies under FISA like they always ought to be. Find money, fine company stateside. Done, with no excuses or exceptions, we can actually have some semblance of democracy again, without the constant fear of groveling spineless public servants, greedily exchanging public funds and liberties, for personal enrichment.
Money out of politics permanently without the potential leverage to change it, as it ought to be. 5x fines per USD found in unpaid obligations.
Should be required to have transparency of corporate books to participate in the market… Why isn’t it?
Greedy people make greedy decisions when no one looks twice. Start looking.
Put those $ DOD budget to work for something that is an immediate, predictable, and solvable threat to the Citizens of United States. Multi-national corporations are an integral part in securing stability, but must be minded with the proper respect to their danger if dealt with carelessly, some may say like a gun I’ve heard……
I like the subtle shade thrown at Steve “we can weather the storm” Oh, and Jimmy “I’m shouting so that means I’m right” Dore on their stupidity in 2016. Well done Cenk and John.
I am in the same boat as the above commenter, except I was born SOL, now 32 but disabled since childhood, and have never experienced having ANY kind of a life other than being a medical guinea pig, having 3 different surgeons fuck up my spine then retire or flee the state so they couldn’t be sued, and left me with dozens of debilitating, agonizing, hellishly painful symptoms! And thanks to the wonderful healthcare here, I have a PA who doesn’t give a rat’s ass about finding out WHY I am having severe nervous system breakdowns, my entire body on fire, temp. sensitivity causing heat stroke or seizures induced by the slightest drop in temp. & full-body hellish nausea, chairi brain tumor, my teeth are crumbling like wet sand and causing the worst nerve pain shooting through my mouth you could imagine, my ovaries are shriveled up, unexplained weakness in my limbs, malnutrition, and such severe anxiety & depression, that had my DNR forms not been ignored and had they not stuck this machine in my chest that takes away the most basic right ANY human can have, I would not be living through this unimaginable hell, with the govt. making it more and more clear every day that people like me are the least welcome here. Maybe they should have thought about that before forcing Rx drugs down my throat from childhood, destroying my digestive & immune systems, ignored my fucking DNR forms TWICE, then making damn sure I would be forced to exist until THEY say so, so they can continue these horrific experiments on me, by sticking a machine in my chest that flat out stops my heart from failing, as it has twice, from STRESS! I was indoctrinated religious, but after my dying twice for over an hour each time, and knowing FULL WELL what does and does not happen when you die, I have been a firm atheist for a few years, but the past year has made me seriously begin to question if this is literally my HELL. Because my life is in a nosedive and has been for 5 years, and I hit the bottom WAY WAY WAY back there, and as long as it keeps getting worse, more absurd, more of a farce, the longer the imaginary sky god sits up there with a bucket of popcorn, watching the shit go down, the more and more obvious it is that IF HELL DOES EXIST, THIS IS IT PEOPLE!
Also, it’s a sick fucking world when the ONLY THING I would need to literally save my life and allow me to experience what FREEDOM, FUN, LOVE, HAPPINESS feels like, is for someone to take everything I own and help me get a shitty used van, or bus, or camper, and I would be out of the hair of my entire, huge, well-off, some even wealthy, family members, never to be a burden to them again! Some even have vehicles rusting in their yards, or some just choose to ignore my grandma’s wishes when she died that I would get the van, and took off with it instead. I am such a burden on my whole family, being expected to exist on $700/month when my life-saving meds are HALF MY INCOME, and going without toiletries, groceries, OTC meds, etc. for days or weeks at a time, I am just selfish and whiny to expect a shred of support, in any way, from anyone in my family. I always wondered where the hell all the families in movies & TV come from, willing to lift a finger to save their daughter, sister, grandchild, niece, etc…
This is SOOOO depressing! Why does no one see what Bernie is always saying about the hopelessness in this nation. This is exactly what I feel and I find it harder and harder to hear the truth. Do I appreciate this show?…OF COURSE! But it doesn’t change the fact I am already a product of the greed in this nation… 100% disabled, financially broke from the crash and in desperate need of knee surgery but can’t afford it. How in the hell am I going to make it for another 20 to 30 years? From where I stand I totally get how people commit suicide out of desperation and hopelessness. I truly never thought I would end up this way after a lifetime of working my ass off.
I am too. I see the inevitability of what Man has wrought over the last 15,000 years since he emerged from the Younger Dryas. Nothing is learned or accepted, and the greed, hubris and hate rolls on. I’ve studied Man’s prehistoric and historic path intently and honestly I see the 6th Extinction of the Anthropocene is but the reward for his blindness and lack of insight. There are some very decent people throughout this time but precious few in comparison to those who are not. Still TYT gives me a voice and a chance to help those who can’t help themselves, to try and right some inequities. I am a social warrior, and while I no longer have money or property, for which I am just as happy to be without, I can still impact a few. It is worth doing for the sake of doing it. Doing the Right Thing. You get it or you don’t. It helps in the darker moments. I hear what you are saying. I mourn the good intentions and hard work of people to move us forward to a better society, only to realize it was a veneer too easily pealed away. You did your best and continue to do what you can. It is enough.
Here is a better idea to bring back money stored in offshore banks. Pass a law making that practice illegal, carrying a financial penalty of $50 for every dollar kept in a tax haven, and set an arbitrary and flexible deadline for all that money to be repatriated and taxed at 65%, and after the deadline the government will cease every cent in tax havens as illegal contraband. Then in the middle of the night months before the deadline, have the president sign an executive order to cease every single cent of American money kept in offshore banks, and give corporations and wealthy parasites the biggest middle finger in human history. It will be glorious, and know a few trillion off the federal debt.
Comments
MISS CENK WHILE HE’S AWAY? OVER 2 HOURS OF CENK WITH SAM SEDER.
https://www.youtube.com/watch?v=TVtiuy0_iEk
I love Cenk, but its like stick to the commentary, man, and refrain from any attempts to sing…
Can someone talk to him please?
In this clip his, “na na na na hey hey hey goodbye” is so tuneless it is almost indistinguishable….
The answer to the tax plan is for the average person to form a pass through corporation and have his/her corporation loan out the person’s services to the employer. The employer pays the corporation directly for the employees services instead of the employee. The employee gets the 15% tax rate and will be able to take business deductions. I know that in CA the minimum franchise tax is $800, which is one of the highest, but still well below the current tax bracket for a large majority of tax payers. It isn’t ideal, but it can even the playing field with a little creativity.
Hold on. $15.00 by 2024? That is seven years away!! It should be $15.00 immediately and $20.00 by 2024 to have an effect. An awful compromise.
This might sound REALLY cold-hearted. But hear me out. If no one can pay for cancer treatments, the treatments will have to become cheaper, because now doctors and big pharma are raping our country with treatments that cost a few thousand dollars but which “retail” in the millions. These treatments are primitive, use outdated technology, and can be more deadly than the cancer itself. For cancers caused by degeneration, these treatments are almost completely ineffective, adding, at most, a couple years of intense suffering to the person being treated. In all of our discussion about the cost of medicine, there is no challenge to the efficacy of the treatment, nor to personal responsibility in healthy living. Since type II diabetes is caused by sugar over-consumption, and it is ridiculously expensive to treat, yes, people will die. But people who are being exorbitantly treated also die, sometimes even of insulin overdose. They are certainly never cured. Diabetes and sugar consumption is an epidemic, with 40% of the adult population expected to have type II diabetes by 2021. Many of those will stop eating sugar, knowing they can’t afford insulin. A lot more doctors will treat with diet modification, knowing their patient can’t afford insulin. Some doctors have an entire practice based on what I would call “hopeless” diabetes patients–this feeds big pharma and bankrupts us all. Type II diabetes is entirely curable with diet change. Caveat: You must also break the stranglehold of the AMA , the FDA, and big Pharma. Unlikely the Republicans will do this.
Making treatment costly and out of reach is never a good thing even if it might have some unintended positive results. Also, your diabetes comments are overly simplistic and you’re completely omitting genetic and other reasons why some people can’t properly process blood sugar.
People were told about this before voting and yet still they either voted enthusiastically or abstained. This is bill is designed for hedge funds because some of the largest hedge funds in the world are “small business” because they barely employ 100-200 people like Paul Singer’s infamous Elliot Management.
And if people think that returning to the same tax rates after a progressive revolution would be easy should think again. One of the reasons Greece is in so much trouble is precisely because it tried to increase taxes so fast in so short time that it lead to 10s of billions of Euros that should have been taxed at 30% fleeing the country via international tax loopholes.
The hole dug by this tax cut will take a long time to be dig out from. Reagan’s 25% top rate was not repealed until 12 years later.
Its very important to discuss “effective” tax rate versus actual tax rate when discussing corporations. 15% is competitive internationally and many companies effectively pay less than that now due to exemptions/loopholes. Making it 15% across the board but getting rid of all the loopholes would be OK (there would be winners and losers in the corporate world) and might actually help small businesses.
I agree that individual taxes and inheritance taxes should be much more progressive than they currently are much less what the Trump administration is proposing.
Does TYT have a forum for us members? Or just the comment section?
A forum is a terrific idea. One should pitch that to Cenk.
there was one, then it was gone, then it came back, then it went away again, RIP forums
Tax segment is seriously scary…
Very. I feel really hopeless because I don’t know if we can stop this.
Don’t know how you got this far, you are a very willfull person
TYT better get up on there block chain tech, its gonna be the only way they are going to be able to host their servers and bandwidth!
Cable is too expensive.
Great show today, folks. Good stuff.
raising the wage to 15 in 2024 is better than nothing but with those tax cuts on the elite, the raise wont mean a damn thing.
Here’s the best idea, kick those crooks out from US citizenship, and investigate international companies under FISA like they always ought to be. Find money, fine company stateside. Done, with no excuses or exceptions, we can actually have some semblance of democracy again, without the constant fear of groveling spineless public servants, greedily exchanging public funds and liberties, for personal enrichment.
Money out of politics permanently without the potential leverage to change it, as it ought to be.
Money out of politics permanently without the potential leverage to change it, as it ought to be. 5x fines per USD found in unpaid obligations.
Should be required to have transparency of corporate books to participate in the market… Why isn’t it?
Greedy people make greedy decisions when no one looks twice. Start looking.
Put those $ DOD budget to work for something that is an immediate, predictable, and solvable threat to the Citizens of United States. Multi-national corporations are an integral part in securing stability, but must be minded with the proper respect to their danger if dealt with carelessly, some may say like a gun I’ve heard……
War on Exploitation
I’m with Her.
Thanks Democratic Party for putting TRUMP in the White House.
Real change comes through real pain, when YOU feel the pain, and have NOTHING to lose.. then we will see blood in the streets and REAL change.
I like the subtle shade thrown at Steve “we can weather the storm” Oh, and Jimmy “I’m shouting so that means I’m right” Dore on their stupidity in 2016. Well done Cenk and John.
I totally agree
I am in the same boat as the above commenter, except I was born SOL, now 32 but disabled since childhood, and have never experienced having ANY kind of a life other than being a medical guinea pig, having 3 different surgeons fuck up my spine then retire or flee the state so they couldn’t be sued, and left me with dozens of debilitating, agonizing, hellishly painful symptoms! And thanks to the wonderful healthcare here, I have a PA who doesn’t give a rat’s ass about finding out WHY I am having severe nervous system breakdowns, my entire body on fire, temp. sensitivity causing heat stroke or seizures induced by the slightest drop in temp. & full-body hellish nausea, chairi brain tumor, my teeth are crumbling like wet sand and causing the worst nerve pain shooting through my mouth you could imagine, my ovaries are shriveled up, unexplained weakness in my limbs, malnutrition, and such severe anxiety & depression, that had my DNR forms not been ignored and had they not stuck this machine in my chest that takes away the most basic right ANY human can have, I would not be living through this unimaginable hell, with the govt. making it more and more clear every day that people like me are the least welcome here. Maybe they should have thought about that before forcing Rx drugs down my throat from childhood, destroying my digestive & immune systems, ignored my fucking DNR forms TWICE, then making damn sure I would be forced to exist until THEY say so, so they can continue these horrific experiments on me, by sticking a machine in my chest that flat out stops my heart from failing, as it has twice, from STRESS! I was indoctrinated religious, but after my dying twice for over an hour each time, and knowing FULL WELL what does and does not happen when you die, I have been a firm atheist for a few years, but the past year has made me seriously begin to question if this is literally my HELL. Because my life is in a nosedive and has been for 5 years, and I hit the bottom WAY WAY WAY back there, and as long as it keeps getting worse, more absurd, more of a farce, the longer the imaginary sky god sits up there with a bucket of popcorn, watching the shit go down, the more and more obvious it is that IF HELL DOES EXIST, THIS IS IT PEOPLE!
Also, it’s a sick fucking world when the ONLY THING I would need to literally save my life and allow me to experience what FREEDOM, FUN, LOVE, HAPPINESS feels like, is for someone to take everything I own and help me get a shitty used van, or bus, or camper, and I would be out of the hair of my entire, huge, well-off, some even wealthy, family members, never to be a burden to them again! Some even have vehicles rusting in their yards, or some just choose to ignore my grandma’s wishes when she died that I would get the van, and took off with it instead. I am such a burden on my whole family, being expected to exist on $700/month when my life-saving meds are HALF MY INCOME, and going without toiletries, groceries, OTC meds, etc. for days or weeks at a time, I am just selfish and whiny to expect a shred of support, in any way, from anyone in my family. I always wondered where the hell all the families in movies & TV come from, willing to lift a finger to save their daughter, sister, grandchild, niece, etc…
I’m not rich enough to be a Republican and too poor to be a democrat.
This is SOOOO depressing! Why does no one see what Bernie is always saying about the hopelessness in this nation. This is exactly what I feel and I find it harder and harder to hear the truth. Do I appreciate this show?…OF COURSE! But it doesn’t change the fact I am already a product of the greed in this nation… 100% disabled, financially broke from the crash and in desperate need of knee surgery but can’t afford it. How in the hell am I going to make it for another 20 to 30 years? From where I stand I totally get how people commit suicide out of desperation and hopelessness. I truly never thought I would end up this way after a lifetime of working my ass off.
Do everything you can to live… if only to spite these cocksuckers. that’s how I get through, despite the misery and pain.
I am too. I see the inevitability of what Man has wrought over the last 15,000 years since he emerged from the Younger Dryas. Nothing is learned or accepted, and the greed, hubris and hate rolls on. I’ve studied Man’s prehistoric and historic path intently and honestly I see the 6th Extinction of the Anthropocene is but the reward for his blindness and lack of insight. There are some very decent people throughout this time but precious few in comparison to those who are not. Still TYT gives me a voice and a chance to help those who can’t help themselves, to try and right some inequities. I am a social warrior, and while I no longer have money or property, for which I am just as happy to be without, I can still impact a few. It is worth doing for the sake of doing it. Doing the Right Thing. You get it or you don’t. It helps in the darker moments. I hear what you are saying. I mourn the good intentions and hard work of people to move us forward to a better society, only to realize it was a veneer too easily pealed away. You did your best and continue to do what you can. It is enough.
Here is a better idea to bring back money stored in offshore banks. Pass a law making that practice illegal, carrying a financial penalty of $50 for every dollar kept in a tax haven, and set an arbitrary and flexible deadline for all that money to be repatriated and taxed at 65%, and after the deadline the government will cease every cent in tax havens as illegal contraband. Then in the middle of the night months before the deadline, have the president sign an executive order to cease every single cent of American money kept in offshore banks, and give corporations and wealthy parasites the biggest middle finger in human history. It will be glorious, and know a few trillion off the federal debt.
Great idea. Hold on, let me just find my magic wand.