Cenk Uygur
๐ค SpeakerAppearances Over Time
Podcast Appearances
Okay, well, Donald Trump took the corporate tax rate from 35% to 21%. So that's trillions of dollars that got transferred. Because guys, you got to understand, If the corporations don't pay it, we have to pay it because we're running up these giant deficits and eventually either they're going to, not eventually, they keep raising our taxes in different ways that you're not noticing.
They keep increasing fees and fines and different ways for the government to collect money. So we're paying for it. And on top of that, eventually they're going to cut your social security and Medicare because they're going to say, Oh, we don't have any options left anymore. Yeah, you don't have any options left anymore because you kept giving trillions of dollars in tax cuts to corporations.
They keep increasing fees and fines and different ways for the government to collect money. So we're paying for it. And on top of that, eventually they're going to cut your social security and Medicare because they're going to say, Oh, we don't have any options left anymore. Yeah, you don't have any options left anymore because you kept giving trillions of dollars in tax cuts to corporations.
They keep increasing fees and fines and different ways for the government to collect money. So we're paying for it. And on top of that, eventually they're going to cut your social security and Medicare because they're going to say, Oh, we don't have any options left anymore. Yeah, you don't have any options left anymore because you kept giving trillions of dollars in tax cuts to corporations.
So we're going to have to pay for that. So then Biden says, oh my God, I'm going to bring corporate taxes back up to 28%. I'm like, wait, hold on. They were at 35%. You already did a sleight of hand and said 28%. Okay, then he gets into office and Manchin says, no, 25%. That's the highest. I'll go. And he goes, okay, fine, 25%. And then while you're not looking, they just dump it.
So we're going to have to pay for that. So then Biden says, oh my God, I'm going to bring corporate taxes back up to 28%. I'm like, wait, hold on. They were at 35%. You already did a sleight of hand and said 28%. Okay, then he gets into office and Manchin says, no, 25%. That's the highest. I'll go. And he goes, okay, fine, 25%. And then while you're not looking, they just dump it.
So we're going to have to pay for that. So then Biden says, oh my God, I'm going to bring corporate taxes back up to 28%. I'm like, wait, hold on. They were at 35%. You already did a sleight of hand and said 28%. Okay, then he gets into office and Manchin says, no, 25%. That's the highest. I'll go. And he goes, okay, fine, 25%. And then while you're not looking, they just dump it.
They don't even do 25. It's still at 21. So hear me now, quote me later. I do predictions on the show all the time because you should hold me accountable. You should hold all your pundits accountable. If you held all your pundits accountable, we'd be the last man standing, and that's kind of what happened. Okay, so... I guarantee you she will not increase corporate taxes.
They don't even do 25. It's still at 21. So hear me now, quote me later. I do predictions on the show all the time because you should hold me accountable. You should hold all your pundits accountable. If you held all your pundits accountable, we'd be the last man standing, and that's kind of what happened. Okay, so... I guarantee you she will not increase corporate taxes.
They don't even do 25. It's still at 21. So hear me now, quote me later. I do predictions on the show all the time because you should hold me accountable. You should hold all your pundits accountable. If you held all your pundits accountable, we'd be the last man standing, and that's kind of what happened. Okay, so... I guarantee you she will not increase corporate taxes.
So it's not price controls, it's anti-price gouging? It is price controls, but minimum wage is price controls also. Now we're going to get into a lot of minutiae, but I'll try to keep it broad. So price controls are a disaster. They never work. If you say, oh, here's a banana, it has to stay at a dollar, a pound, make up a number, right?
So it's not price controls, it's anti-price gouging? It is price controls, but minimum wage is price controls also. Now we're going to get into a lot of minutiae, but I'll try to keep it broad. So price controls are a disaster. They never work. If you say, oh, here's a banana, it has to stay at a dollar, a pound, make up a number, right?
So it's not price controls, it's anti-price gouging? It is price controls, but minimum wage is price controls also. Now we're going to get into a lot of minutiae, but I'll try to keep it broad. So price controls are a disaster. They never work. If you say, oh, here's a banana, it has to stay at a dollar, a pound, make up a number, right?
Well, supply and demand is going to move and then that's going to, and so the minute it moves to $2 of where the price should be, then you're going to run into shortages. So we all know this, it's a bad idea, right? But are there laws against price gouging? There already are, and they're a good idea. So why? Like you have a natural disaster.
Well, supply and demand is going to move and then that's going to, and so the minute it moves to $2 of where the price should be, then you're going to run into shortages. So we all know this, it's a bad idea, right? But are there laws against price gouging? There already are, and they're a good idea. So why? Like you have a natural disaster.
Well, supply and demand is going to move and then that's going to, and so the minute it moves to $2 of where the price should be, then you're going to run into shortages. So we all know this, it's a bad idea, right? But are there laws against price gouging? There already are, and they're a good idea. So why? Like you have a natural disaster.
All of a sudden, the water that was a dollar, now they're charging $100. The government has to come in, democratic capitalism. They come in and go, no, I'm going to protect the people. So you're not allowed to price gouge. Maybe you charge $2, et cetera, but you're not going to charge $100. But it is temporary.
All of a sudden, the water that was a dollar, now they're charging $100. The government has to come in, democratic capitalism. They come in and go, no, I'm going to protect the people. So you're not allowed to price gouge. Maybe you charge $2, et cetera, but you're not going to charge $100. But it is temporary.
All of a sudden, the water that was a dollar, now they're charging $100. The government has to come in, democratic capitalism. They come in and go, no, I'm going to protect the people. So you're not allowed to price gouge. Maybe you charge $2, et cetera, but you're not going to charge $100. But it is temporary.
We get that done, we end the problem there, and then we bring it back to a normal supply and demand, okay? So that's what she's proposing. That's all political because the price gouging has already passed. They did it in 21 and 22. And so now the grocery stores are actually a low margin business. She says grocery stores.