Prof. Dionne: Biden’s Plans To Tax The Rich ‘Will Actually Help Grow Business’

3. mai. 2021
42 610 Ganger

E.J. Dionne, professor at Georgetown University, tells Lawrence O'Donnell that President Biden's plans to increase the tax rate for corporations and the top 1% is "beneficial not only to people, but to businesses and to the economy."
» Subscribe to MSNBC: on.msnbc.com/SubscribeTomsnbc​​
About The Last Word with Lawrence O'Donnell:
Drawing upon his experience as a former chief of staff on the Senate Finance Committee and as an Emmy-winning executive producer and writer of "The West Wing," Lawrence O'Donnell examines the compelling and impactful political stories of the day. O'Donnell convenes diverse panels of guests, including a variety of politicians and cultural voices, to offer unique viewpoints and perspective. In his signature style, O'Donnell highlights the latest news developments and offers his take on the political stories driving the national conversation.
MSNBC delivers breaking news, in-depth analysis of politics headlines, as well as commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, Meet the Press Daily, The Beat with Ari Melber, Deadline: White House with Nicolle Wallace, Hardball, All In, Last Word, 11th Hour, and more.
Connect with MSNBC Online
Visit msnbc.com: on.msnbc.com/Readmsnbc​​
Subscribe to MSNBC Newsletter: MSNBC.com/NewslettersNOtown​​
Find MSNBC on Facebook: on.msnbc.com/Likemsnbc​​
Follow MSNBC on Twitter: on.msnbc.com/Followmsnbc​​
Follow MSNBC on Instagram: on.msnbc.com/Instamsnbc​
#MSNBC #BidenTaxPlan #TheLastWord

Kommentarer
  • 🚫Hey Joe Biden and liberal Democrats why should taxpayers pay for these lawbreakers❓❓ US BORDER CRISIS A new report reveals that the Biden administration has spent $3 $billion$ to house tens of thousands of migrant children who crossed the southern U.S. border “illegally” shortly after President Biden was sworn into office. Nearly 25,000 migrant children were in the custody of the federal government, separated from their families, in early May. Biden finish the Wall and enforcer US immigration laws. Stop rewarding law breakers.

    David R. StoneDavid R. Stone8 dager siden
  • Republicans ruin the economy..Democrats build it back up and the whole thing starts again..trump ruined it & now it's upto President Biden to fix it!

    judie suhjudie suh9 dager siden
  • Likely Biden will raise taxes

    Whiskey04Whiskey049 dager siden
  • Are u nuts? Do u not remember under Obama when the US lost all its manufacturing - and Barack said the jobs weren't coming back from China-- until Trump came in and changed everything

    Robert LRobert L10 dager siden
  • Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine Imam Nasser Muhammad Al-Yamani 24 - Rabi al-Thani - 1441 AH 09 - 12 - 2020 AD 09:01 am _____________ Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine In the name of Allah, Ar-Rahman (the Most Gracious), the Most Merciful. From the servant of Allah and His Caliph, Nasser Mohammed, to all people O people, I am the Imam Al-Mahdi (the Guided Leader), Nasser Mohammed, not only am I the caliph of Allah over Yemen but also the caliph of Allah over the whole world. [I swear] By Allah, there is no difference in my eyes between a Yemeni and a Chinese person O Leaders of mankind and decision makers among their people, along with everyone that has reached their rectitude among Arab and Non-Arab and among Muslims and Non-Muslims, listen to and reason the ruling that I will give you with the truth; which is the decisive word that is not to be taken for amusement I swear by Allah, the One, the Overpowering, that I do not know of any vaccine for you or a cure for what is in the chests from the torment of Allah except that you [humbly] entreat with the following supplication without arrogance towards the caliph of Allah, Al-Mahdi Nasser Mohammed. And the words for removing the torment of what is within the chests are to humble yourselves to Allah and implore with supplication to Allah the following "Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers.” And after the repentance let each one of them say “O Allah I am Your servant, I ask you by virtue of the fact that there is no God but You, and by virtue of the fact of Your Mercy which you have decreed upon Yourself, and by the virtue of the fact of the greatness of Your Pleasure within, which is greater than the pleasure of your heaven, to cure me of the torment of Corona or to turn it away from me as I am a believer in the caller to the truth from You O Allah, remove Your torment from us from whichever direction it comes from, so that we follow the path of the truth from You. And strengthen us to fulfil what we have promised you, O you who intervene between a man and his heart, as we only have Your mercy, You have decreed upon Yourself. If You do not forgive us and have mercy upon us, we will surely be among the losers. O Allah You have said in the clear Verses of Your book And your Lord says, {Call upon Me; I will respond to you} [Surah: 40 - Ghafir - Verse: 60] So the Dua'a (supplication) and the repentance is from me, and the response is from You and You do not break Your promise. Exalted You are our Lord, your promise is true and you are the Most Merciful O Allah Give us the strength to fulfil what we have promised You to follow the global caller to Allah, the caliph of Allah on Earth the Imam Mahdi Nasser Mohammed Al-Yamani. O Allah, make the raising of him a blessing upon us and not a misery upon us because of our turning away from the call to the truth of the Imam Mahdi Nasser Mohammed Al-Yemeni”. Imam Mahdi Nasser Mohammed Al-Yemeni And to read more statements which written by the awaited imam mahdi (Nasser Muhammad Al-Yemeni) Search on Google for the English section of his official website ،،

    كلمة الحقكلمة الحق10 dager siden
  • Yes it will help. well, it'll actually make the rich lay off more people and make them hide more money in the cayman islands

    Tom AsousTom Asous10 dager siden
  • MSNBC + NBC + CNN = Fake News Trifecta

    J PJ P10 dager siden
  • The Democrats keep talking Roads and Bridges - But they still are not Repaired - Remember Shovel Ready?

    ftecconnftecconn10 dager siden
  • Yes, this is exactly why Apple and Nike are American based companies. They love cutting into profits!

    Wolf 7Wolf 710 dager siden
  • Wow their guest are also ignorant and delusional

    John doeJohn doe11 dager siden
  • Part III *SOLUTION* *Anarchists* = anarchia (freedom) *Free* Food Water Shelter Education Holistic Medical Care *No* Currency Authority Prisons Banks Corporatism/Capitalism Government Taxes

    EcoAnarchistEcoAnarchist11 dager siden
  • Final Part *QUOTES* "The best way to control the opposition is to lead it ourselves." ~Vladmir Lenin "Rights aren't rights if they can be taken away, they're temporary privileges. That's all we've ever had in this country." ~George Carlin "Those who control the past control the future." ~George Orwell 1984

    EcoAnarchistEcoAnarchist11 dager siden
  • They don't even understand economics.

    M. Ph.M. Ph.11 dager siden
  • MSDNC at it again.

    J BernaJ Berna11 dager siden
  • Your joke is great. The rich guys do make more money when they send jobs over seas. That has happened already and you liars can’t change that. Question: who will benefit from a tax increase? It’s not American people and it never has been. Nothing will change for us. You, however, get the opportunity to show us how virtuous you are

    Todd SnyderTodd Snyder11 dager siden
  • Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine Imam Nasser Muhammad Al-Yamani 24 - Rabi al-Thani - 1441 AH 09 - 12 - 2020 AD 09:01 am _____________ Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine In the name of Allah, Ar-Rahman (the Most Gracious), the Most Merciful. From the servant of Allah and His Caliph, Nasser Mohammed, to all people O people, I am the Imam Al-Mahdi (the Guided Leader), Nasser Mohammed, not only am I the caliph of Allah over Yemen but also the caliph of Allah over the whole world. [I swear] By Allah, there is no difference in my eyes between a Yemeni and a Chinese person O Leaders of mankind and decision makers among their people, along with everyone that has reached their rectitude among Arab and Non-Arab and among Muslims and Non-Muslims, listen to and reason the ruling that I will give you with the truth; which is the decisive word that is not to be taken for amusement I swear by Allah, the One, the Overpowering, that I do not know of any vaccine for you or a cure for what is in the chests from the torment of Allah except that you [humbly] entreat with the following supplication without arrogance towards the caliph of Allah, Al-Mahdi Nasser Mohammed. And the words for removing the torment of what is within the chests are to humble yourselves to Allah and implore with supplication to Allah the following "Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers.” And after the repentance let each one of them say “O Allah I am Your servant, I ask you by virtue of the fact that there is no God but You, and by virtue of the fact of Your Mercy which you have decreed upon Yourself, and by the virtue of the fact of the greatness of Your Pleasure within, which is greater than the pleasure of your heaven, to cure me of the torment of Corona or to turn it away from me as I am a believer in the caller to the truth from You O Allah, remove Your torment from us from whichever direction it comes from, so that we follow the path of the truth from You. And strengthen us to fulfil what we have promised you, O you who intervene between a man and his heart, as we only have Your mercy, You have decreed upon Yourself. If You do not forgive us and have mercy upon us, we will surely be among the losers. O Allah You have said in the clear Verses of Your book And your Lord says, {Call upon Me; I will respond to you} [Surah: 40 - Ghafir - Verse: 60] So the Dua'a (supplication) and the repentance is from me, and the response is from You and You do not break Your promise. Exalted You are our Lord, your promise is true and you are the Most Merciful O Allah Give us the strength to fulfil what we have promised You to follow the global caller to Allah, the caliph of Allah on Earth the Imam Mahdi Nasser Mohammed Al-Yamani. O Allah, make the raising of him a blessing upon us and not a misery upon us because of our turning away from the call to the truth of the Imam Mahdi Nasser Mohammed Al-Yemeni”. Imam Mahdi Nasser Mohammed Al-Yemeni And to read more statements which written by the awaited imam mahdi (Nasser Muhammad Al-Yemeni) Search on Google for the English section of his official websitem.......

    Mahmoud TalaatMahmoud Talaat11 dager siden
  • Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine Imam Nasser Muhammad Al-Yamani 24 - Rabi al-Thani - 1441 AH 09 - 12 - 2020 AD 09:01 am _____________ Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine In the name of Allah, Ar-Rahman (the Most Gracious), the Most Merciful. From the servant of Allah and His Caliph, Nasser Mohammed, to all people O people, I am the Imam Al-Mahdi (the Guided Leader), Nasser Mohammed, not only am I the caliph of Allah over Yemen but also the caliph of Allah over the whole world. [I swear] By Allah, there is no difference in my eyes between a Yemeni and a Chinese person O Leaders of mankind and decision makers among their people, along with everyone that has reached their rectitude among Arab and Non-Arab and among Muslims and Non-Muslims, listen to and reason the ruling that I will give you with the truth; which is the decisive word that is not to be taken for amusement I swear by Allah, the One, the Overpowering, that I do not know of any vaccine for you or a cure for what is in the chests from the torment of Allah except that you [humbly] entreat with the following supplication without arrogance towards the caliph of Allah, Al-Mahdi Nasser Mohammed. And the words for removing the torment of what is within the chests are to humble yourselves to Allah and implore with supplication to Allah the following "Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers.” And after the repentance let each one of them say “O Allah I am Your servant, I ask you by virtue of the fact that there is no God but You, and by virtue of the fact of Your Mercy which you have decreed upon Yourself, and by the virtue of the fact of the greatness of Your Pleasure within, which is greater than the pleasure of your heaven, to cure me of the torment of Corona or to turn it away from me as I am a believer in the caller to the truth from You O Allah, remove Your torment from us from whichever direction it comes from, so that we follow the path of the truth from You. And strengthen us to fulfil what we have promised you, O you who intervene between a man and his heart, as we only have Your mercy, You have decreed upon Yourself. If You do not forgive us and have mercy upon us, we will surely be among the losers. O Allah You have said in the clear Verses of Your book And your Lord says, {Call upon Me; I will respond to you} [Surah: 40 - Ghafir - Verse: 60] So the Dua'a (supplication) and the repentance is from me, and the response is from You and You do not break Your promise. Exalted You are our Lord, your promise is true and you are the Most Merciful O Allah Give us the strength to fulfil what we have promised You to follow the global caller to Allah, the caliph of Allah on Earth the Imam Mahdi Nasser Mohammed Al-Yamani. O Allah, make the raising of him a blessing upon us and not a misery upon us because of our turning away from the call to the truth of the Imam Mahdi Nasser Mohammed Al-Yemeni”. Imam Mahdi Nasser Mohammed Al-Yemeni And to read more statements which written by the awaited imam mahdi (Nasser Muhammad Al-Yemeni) Search on Google for the English section of his official website.

    amr naguibamr naguib11 dager siden
  • Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine Imam Nasser Muhammad Al-Yamani 24 - Rabi al-Thani - 1441 AH 09 - 12 - 2020 AD 09:01 am _____________ Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine In the name of Allah, Ar-Rahman (the Most Gracious), the Most Merciful. From the servant of Allah and His Caliph, Nasser Mohammed, to all people O people, I am the Imam Al-Mahdi (the Guided Leader), Nasser Mohammed, not only am I the caliph of Allah over Yemen but also the caliph of Allah over the whole world. [I swear] By Allah, there is no difference in my eyes between a Yemeni and a Chinese person O Leaders of mankind and decision makers among their people, along with everyone that has reached their rectitude among Arab and Non-Arab and among Muslims and Non-Muslims, listen to and reason the ruling that I will give you with the truth; which is the decisive word that is not to be taken for amusement I swear by Allah, the One, the Overpowering, that I do not know of any vaccine for you or a cure for what is in the chests from the torment of Allah except that you [humbly] entreat with the following supplication without arrogance towards the caliph of Allah, Al-Mahdi Nasser Mohammed. And the words for removing the torment of what is within the chests are to humble yourselves to Allah and implore with supplication to Allah the following "Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers.” And after the repentance let each one of them say “O Allah I am Your servant, I ask you by virtue of the fact that there is no God but You, and by virtue of the fact of Your Mercy which you have decreed upon Yourself, and by the virtue of the fact of the greatness of Your Pleasure within, which is greater than the pleasure of your heaven, to cure me of the torment of Corona or to turn it away from me as I am a believer in the caller to the truth from You O Allah, remove Your torment from us from whichever direction it comes from, so that we follow the path of the truth from You. And strengthen us to fulfil what we have promised you, O you who intervene between a man and his heart, as we only have Your mercy, You have decreed upon Yourself. If You do not forgive us and have mercy upon us, we will surely be among the losers. O Allah You have said in the clear Verses of Your book And your Lord says, {Call upon Me; I will respond to you} [Surah: 40 - Ghafir - Verse: 60] So the Dua'a (supplication) and the repentance is from me, and the response is from You and You do not break Your promise. Exalted You are our Lord, your promise is true and you are the Most Merciful O Allah Give us the strength to fulfil what we have promised You to follow the global caller to Allah, the caliph of Allah on Earth the Imam Mahdi Nasser Mohammed Al-Yamani. O Allah, make the raising of him a blessing upon us and not a misery upon us because of our turning away from the call to the truth of the Imam Mahdi Nasser Mohammed Al-Yemeni”. Imam Mahdi Nasser Mohammed Al-Yemeni And to read more statements which written by the awaited imam mahdi (Nasser Muhammad Al-Yemeni) Search on Google for the English section of his official website

    Seef EldeenSeef Eldeen12 dager siden
  • Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine Imam Nasser Muhammad Al-Yamani 24 - Rabi al-Thani - 1441 AH 09 - 12 - 2020 AD 09:01 am _____________ Corona Virus and Announcing The Miracle of Healing Without a Vaccine nor a Medicine In the name of Allah, Ar-Rahman (the Most Gracious), the Most Merciful. From the servant of Allah and His Caliph, Nasser Mohammed, to all people O people, I am the Imam Al-Mahdi (the Guided Leader), Nasser Mohammed, not only am I the caliph of Allah over Yemen but also the caliph of Allah over the whole world. [I swear] By Allah, there is no difference in my eyes between a Yemeni and a Chinese person O Leaders of mankind and decision makers among their people, along with everyone that has reached their rectitude among Arab and Non-Arab and among Muslims and Non-Muslims, listen to and reason the ruling that I will give you with the truth; which is the decisive word that is not to be taken for amusement I swear by Allah, the One, the Overpowering, that I do not know of any vaccine for you or a cure for what is in the chests from the torment of Allah except that you [humbly] entreat with the following supplication without arrogance towards the caliph of Allah, Al-Mahdi Nasser Mohammed. And the words for removing the torment of what is within the chests are to humble yourselves to Allah and implore with supplication to Allah the following "Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers.” And after the repentance let each one of them say “O Allah I am Your servant, I ask you by virtue of the fact that there is no God but You, and by virtue of the fact of Your Mercy which you have decreed upon Yourself, and by the virtue of the fact of the greatness of Your Pleasure within, which is greater than the pleasure of your heaven, to cure me of the torment of Corona or to turn it away from me as I am a believer in the caller to the truth from You O Allah, remove Your torment from us from whichever direction it comes from, so that we follow the path of the truth from You. And strengthen us to fulfil what we have promised you, O you who intervene between a man and his heart, as we only have Your mercy, You have decreed upon Yourself. If You do not forgive us and have mercy upon us, we will surely be among the losers. O Allah You have said in the clear Verses of Your book And your Lord says, {Call upon Me; I will respond to you} [Surah: 40 - Ghafir - Verse: 60] So the Dua'a (supplication) and the repentance is from me, and the response is from You and You do not break Your promise. Exalted You are our Lord, your promise is true and you are the Most Merciful O Allah Give us the strength to fulfil what we have promised You to follow the global caller to Allah, the caliph of Allah on Earth the Imam Mahdi Nasser Mohammed Al-Yamani. O Allah, make the raising of him a blessing upon us and not a misery upon us because of our turning away from the call to the truth of the Imam Mahdi Nasser Mohammed Al-Yemeni”. Imam Mahdi Nasser Mohammed Al-Yemeni And to read more statements which written by the awaited imam mahdi (Nasser Muhammad Al-Yemeni) Search on Google for the English section of his official website

    أريج فؤاد العواضيأريج فؤاد العواضي12 dager siden
  • We lowly peasants will no pay taxes under 400,000.00; but we will pay increased costs for goods and services as the rich folks will simply increase the costs of goods and services to offset the socialist party tax increase. This Dope must have graduated from the same college as AOC.

    Blue Bull69Blue Bull6912 dager siden
  • bull of the woods: I get you're mad at your goverment(s) for not investing in people, and there is no perfect goverment, sometimes because the of pure obstructionism from the opposistion making it difficult for the sitting goverment to actually make good on promises. The fact remains that if eg. the minimum wage is increased and the proposed spending plan is carried out , it will result in people getting employed and being better able to pay their bills. 15 bucks an hour is still tight but better than the repos. who want people to work for less than the minimum most places in the civilised world, while their kingpins get wealthy off investments made possible by the half broken uneducated people doing the actual physical labour, who will be discarded when they're worn out, to be replaced by a''fresh'' uneducated ignorant. Please don't misinterpret ''uneducated ignorant'' with bad or low class . Lack of education leads to poverty because the less educated have less information to make choices with. If you take a closer look at what some dems are trying to do it makes sense, it will hopefully also bring about legislation that will result in better access to education for all. The real problem for many is that they're stuck in a rut because of past goverment decissions and even if new decissions are made now, it may not really fix their immediate problems that threaten to become longterm problems. Still I belive that the repos. rely on poor uneducated people for their mass power base.

    morten johansenmorten johansen12 dager siden
  • Most of you lemmings will vote Uniparty until you are eating out of dumpsters.

    Dino SteaksDino Steaks12 dager siden
  • Expect a very large grant or book deal professor. Payment for your soul.

    Arcadian DukeArcadian Duke12 dager siden
  • G R E E D

    Mad JackMad Jack12 dager siden
  • Hahahahahahaha. Been in academia his entire life and still doesn’t know SH*T!

    That’s Just Crazy TalkThat’s Just Crazy Talk12 dager siden
  • Here is the idiocy of this whole thing: Democrat leaders know, for a fact, that if you raise taxes on some, the prices of their goods and services GO UP (with exception of possibly genius AOL, who is clueless). Then everyone buying their stuff raises THEIR prices. And no one rounds DOWN. WE all pay it. Who loses? The POOR, who have no goods or services to raise prices on. Democrat leaders depend on your ignorance for their pet projects. Get off the Democratic Party plantation.

    Terry MichaelsTerry Michaels12 dager siden
  • “Professor” he’s a hack biased journalist for the Wapo. Of course he’s gonna be on board with this load of crap.

    Ja LouxJa Loux12 dager siden
  • Remember this man is a professor. That means he has suckled from the teet his whole life. He has never ran a company. He has never made a payroll. He lives in a small bubble where he is praised and only has to teach one or two classes a semester. When this dude has to go out and deal with corrupt unions, cities wanting kick backs etc, then he can come on and talk

    Salvage MonsterSalvage Monster12 dager siden
  • 🤣”raising taxes will help the economy” said nobody ever in the real world. Classroom is not the real world.

    ZManZMan12 dager siden
  • I’m worried that the hyperbole is missing the realities

    Patrick TPatrick T12 dager siden
  • WOW 😳 THE AUDIT RESULTS IN ARIZONA PROVE THAT TRUMP WON THE 2020 ELECTION 🗳 BY A LANDSLIDE!!! THE DEMOCRATIC PARTY CHEATED BY USING ILLEGAL VOTING PROCESSES!!!

    greensmashgreensmash12 dager siden
  • He just said the wealthy will get more wealthy. What about protecting the middle class", what about fixing "wealth inequity". They are saying what they doing and making fun while hiding behind the term "infrastructure" which only 6% of this bill goes to. Where is the rest of this money going that's supposedly helping the US

    Queen RuthQueen Ruth12 dager siden
  • I call BS

    GRIMM PaintballGRIMM Paintball12 dager siden
  • Stupidest statement EVER!!! Sure...people WANT to pay more taxes and make less profit!

    ElblancochingonElblancochingon12 dager siden
  • MSNBC gaslighting americans with fake stories. The y will march anyone in front of a camera t o say anything if it fits an agenda

    John QuarterJohn Quarter12 dager siden
  • Did I just hear right? Did they just say that raising taxes has no affect on the economy? Tell that to New York and all the billions that left NY just recently in 2020 for their increasing tax hikes, tell that to New Jersey how billions of dollars left their state because of raising taxes. It is historically factual that when you raise taxes on businesses they will hire less or leave or not even bother to invest. I hope Biden's plan goes through because it will be an even easier task for the conservative to take over in 2022.

    DavidDavid12 dager siden
  • Yeah people stopped paying y'all are trash

    chain-breaking sagechain-breaking sage12 dager siden
  • Simple math. You sale a cheeseburger for $5.00. And now your labor cost go up. Can you still sale that cheese burger for $5.00 and still make a reasonable profit? If the ingredients for the burger cost you $2.00. And the labor to make said burger costs you $0.16 a minute, and assuming a 4 min cook and prep time, that is a labor cost of $0.66. So your material and labor costs are around $2.66. So considering the fast food industry targets for a 100% profit margin or more on the sale, you are already below the 100% threshold. So know your labor costs go up. The ingredient vendors for your product are also going to raise their prices slight to cover their labor costs. So now you aren't paying $2.00 for the ingredients, now you are paying $2.10 for the ingredients. Your labor costs have doubled, (salary, taxes, & benefits) so instead of $0.16 a minute, it is now $0.32 a minute. So your cost of that burger is now going to be a whopping $1.28. So your total costs to make the burger is now $3.38. Which leaves you with a profit of $1.62. Now, we haven't even took into consideration the operational expenses. Your lease or mortgage. The utilities. The city, state, and federal taxes. And if you are a franchisee of a big food company, they are also getting probably about 2% of the top. Before anything else even gets paid. (Trade secret. Ever been to a store that is bustling with employees and you go down the street to another store with the same brand and they have about three people working? The former is a corporate store. The latter is a franchisee. The franchisee is literally paying his competition to hire more employees because he is paying 2% to the corporation on every dollar earned. So that $5.00 burger ... this business is paying corporation 10 cents.) So long story short, there is no way to maintain a reasonable profit level. At best, the business is going to have to raise the price of the burger to $6.50 just to make a profit level that they were making prior to the labor cost change. Now you can argue that corporate can change their franchisee costs. Well, they aren't going to do that. This brings in millions of dollars in free revenue. And since corporate controls the market on the ingredients that the stores can use, they aren't going to change the prices either. They are going to continue to make the same level of profit on the ingredients that they have always made. But what the corporation will agree to is to change the menu prices. And that is what they will do across the board. And if one major brand changes their prices, their competition big and small will do the same. It is simple economics. Say for example you have multiple gas stations in a small town and they all sale gas at the same price. A new gas station comes in. It has all the bells and whistles. Multiple pumps, fast food, and a large selection of items in the aisles. Everybody is coming there and they set the price 5 cents higher. Guess what, the other gas stations are going to also set their price 5 cent higher. You think this is backwards. That they will bring in more business if they sale gas cheaper. Well, to a certain extent you are right. However, if their business lot is smaller, they have older pumps, they have fewer pumps, and if their buildings are aged, then they aren't likely to see more foot traffic. it is better to price with the competition so that you can at least make what the competition is making on that same gallon of gas. Give it a month, and that new gas station is literally setting the price of gas in town. Even if that price is 30 cents more a gallon than what you can find a 10 minute drive away. My point to this discussion in micro-economics is that whether you are dealing with small business owners or the mega-rich who do nothing but cash their checks, those people still want to maintain their level of income that the business was generating. So guess what? If costs of doing business goes up, they aren't going to take it on the chin. No, they are going to raise the prices and wait for everyone else to do the same. And then you have a new normal and nothing has changed. You have gained no economic stability do to a forced labor price increase because everything is impacted by that increase. Thus costs of those items have to go up to. So where before you were paying $5 for a burger, you are now paying $6.50. What was a $8 value meal, is now pushing $10. Whereas you were once feeding yourself an an SO for $16 a meal, you are now paying out $20. And you haven't even done anything. You aren't any better off than you were before. That benefit you got from a across the board pay raise only gave you some benefits for a month or two. Just long enough for the businesses to look at their operating costs and realize that they have to raise prices accordingly.

    Super DaveSuper Dave12 dager siden
  • Only little people pay taxes.

    Scot FretwellScot Fretwell12 dager siden
  • Let me know what level of gravity is acceptable to the gravitors - at what point does the dark skinned man get to speak?

    Patrick TPatrick T12 dager siden
  • Unfortunately Biden and the evil thieving democrats define the rich as anyone with a job

    cjmerobotcjmerobot12 dager siden
  • Biden said yesterday that no one earning less than $400000 a year will pay a penny in taxes..... We all know that's a lie.

    evan doeevan doe12 dager siden
    • @JC it's ok for you to be confused....

      evan doeevan doe12 dager siden
    • @evan doe "Under this proposal", that's true. Overall, they will only pay the same as in the past because this proposal will generate 0% tax on those people.

      JCJC12 dager siden
    • @JC umm ok but yesterday he said that no one making less than 400,000 will pay a penny in taxes.

      evan doeevan doe12 dager siden
    • No what he said all along is that nobody will pay higher taxes who makes less than $400,000 a year for a family.

      JCJC12 dager siden
  • Great analogy, Joe Biden's infrastructure bill, is literally throwing money in a dumpster fire. 😏

    Bullwinkles SprinklesBullwinkles Sprinkles12 dager siden
  • If you believe prices are going to jump to where people can't afford things, then I have a question for you. If they do jump to where people can't afford them, how are businesses going to stay in business when their product is too expensive to purchase?

    lil art personlil art person12 dager siden
    • they won't

      Gary WebbGary Webb12 dager siden
  • LOL lie

    GX328382GX32838212 dager siden
    • LOL not a lie

      Gary WebbGary Webb12 dager siden
  • Is this a joke? I can't tell anymore

    frank castlefrank castle12 dager siden
  • I’d rather have a rich person keep his money than give it to the govt b

    Herb BassoHerb Basso12 dager siden
    • Rich people put their money in a way so I can use it by borrowing start business. They spend their money locally and regionally hires my neighbors. Government waste too much money brick-and-mortar, setting up committees commissions and programs.

      Herb BassoHerb Basso12 dager siden
  • Ok, I’m wondering why one of the players in this analogy isn’t a Democrat? Free speech for the choir?

    Patrick TPatrick T12 dager siden
  • 🙄 still trying to convince us that the rich pay taxes , the rich don’t pay taxes but it’s a way to raise our taxes , this 🤡 only 5% of this bill goes to roads and bridges, less then the 12% of the stimulus that went to the people, les and less of these multi trillion dollar bill help the American people, just ask the poor folks 🤡 news 🤡audience

    Big fun Don’t tripBig fun Don’t trip12 dager siden
  • So let me get this straight, the story is to make fun of another story, bring in a guy in call a Professor in Religion and Political Culture that only continues poking fun at the the original peice? You keep printing money at the pace the Fed is going we will be using dollar bills to throw on fires to keep warm in the winter because thats all it will be good for.

    John H.John H.12 dager siden
  • What is he a professor of? And he's also a professor. Of course he's on board with Democrats. Thomas Sowell would disagree with this panel. Raising taxes causes those who are being taxed, to shelter their money. That doesn't help.

    Jeremy ThorneJeremy Thorne12 dager siden
  • Dint be fooled Biden intends to screw the whole nation over with higher taxes

    Greg AraujoGreg Araujo12 dager siden
  • Of course it will. You know why? Because the leftist mind is totally delusional and in their world when you say or think something it magically becomes reality.

    NeilNeil12 dager siden
  • Yha rite , it's not his money it's the people's money bra !

    Pat MastersPat Masters12 dager siden
  • Why is college so expensive?........because of gov loans!......the gov estimates are always wrong!

    rob headrob head12 dager siden
  • Stupid collectivists - stick to transgender and BLM...economics is just not an area you have any credibility...

    All NoyzAll Noyz12 dager siden
  • Trickle down has never worked that's a fact. The rich get richer the rest get screwed. The working class never gets tax breaks. We fund everything, even health care for Israel. It's time to end tax exempt status. Why should think tanks be tax exempt. Why should the Chamber of commerce be tax exempt. Everyone pays something even if it's only one dollar.

    Thomas KrohnThomas Krohn12 dager siden
  • Me: "Yes, I'd like to hire you to manage my finances. I make $50k/year." Financial guy: "Sure! No problem..." * 3 months later * Me: "well, how are we doing?" Financial guy: "I took out a $50 million dollar loan in your name. And your child support payments increased 10x because I signed you up to pay for kids that aren't yours...... "

    I DRESI DRES12 dager siden
  • It did liar!

    rob headrob head12 dager siden
  • Liberal views only. Biased news reporting.

    Mike StrattonMike Stratton12 dager siden
  • Obviously that comment is from a man who has never run a business.

    Daniel MacakanjaDaniel Macakanja12 dager siden
  • America is back! He said it so it must be false. No America we collapse under the weight of its taxes and debts.

    Robert HendricksonRobert Hendrickson12 dager siden
  • Thats pathetic, who do you in the media think your talking to? We the people are alot smarter than you give us credit for!

    Lisa NoudLisa Noud12 dager siden
  • The higher taxes on the rich and on corporations will only be passed down to the consumers as higher prices for everything. We're already seeing it.

    jdw3848 fentonjdw3848 fenton12 dager siden
  • This is the idiots way to success, It will create jobs for awhile until the pot goes dry. And of course you raise taxes, you have to, or you just print more cash. Either way for every dollar you take in taxes maybe twenty cents will go back in the economy. Everyone who is for this stupidity should be, well, I won't say. You fools smile while our future is robbed. There was The Greatest Generation, now this one who spends our kids future, no inheritance kids, sorry, we consumed your future on ourselves.

    Robert HendricksonRobert Hendrickson12 dager siden
  • REAL journalists and REAL economists would be hammering Biden’s economic illiteracy (Or dementia?) when he said “people making more than $400k will not pay one penny in taxes”.. Not selling to you that “his plan” will work.. LOL

    Luntershaptop FukinovLuntershaptop Fukinov12 dager siden
  • Trump brought jobs back, the Dems send them back!

    BananaBanana12 dager siden
    • this is fake news trump called the virus a democratic hoax back in december of 2019 trump single handedly ruined the economy

      Gary WebbGary Webb12 dager siden
  • TAXING Job Creators - Creates More Jobs War - Means Peace Bondage - Is Freedom Ignorance - Is Strength If the Fake News Mockingbird Media tells you taxing job creators trillions creates jobs it must be true. If Defunding the police makes police better then defunding politicians would make better politicians. Let do it!

    Guided MeditationGuided Meditation12 dager siden
    • are you unironically slow? taxing the rich is preferable trickle down economics doesn't work lmaoo also defunding the police is not what you think it is it's about reallocating the already expensive police budget to more suitable fields like psychiatric evaluation

      Gary WebbGary Webb12 dager siden
  • These guys are idiots ! Taxing never made business better. Jobs will get cut , business will pass on tax increase in their products causing inflation . It's also not enough so then they tax middle class more as well. These guys are FOOLING YOU!

    William DixonWilliam Dixon12 dager siden
    • @Gary Webb It did but you seem to stupid to be able to look it up. I owned many businesses over my life and thats what we had to do to survive Democrat tax increases. Oh and by the way many business have closed of got out of my state last year due to $15 min wage hike. Small Business can't afford that. What do you work the french fries station at McDonald's?

      William DixonWilliam Dixon12 dager siden
    • @William Dixon too bad that never happened lmaoo

      Gary WebbGary Webb12 dager siden
    • @Gary Webb I'm 66. I have seen media try to sell this crap to us since the 70's. Never turns out the way they say. Also hits middle class . Watch how it plays out and try to remember this time when they try it again and again .

      William DixonWilliam Dixon12 dager siden
    • this is fake news trickle down economics doesn't work taxing the rich isn't gonna raise taxes on the poor especially if we RAISE THE MINIMUM WAGE lmaoo but nice try

      Gary WebbGary Webb12 dager siden
  • MSNBC is an organ of the democratic party and only interviews people who agree with it's agenda.

    Jani BegJani Beg12 dager siden
    • @Gary Webb the "prof" is not even an economist

      Jani BegJani Beg12 dager siden
    • nice fake news

      Gary WebbGary Webb12 dager siden
  • Communist nonsense.

    Bob FellerBob Feller12 dager siden
    • define communism

      Gary WebbGary Webb12 dager siden
  • They definitely won't just pass the buck to us by raising prices!

    BananaBanana12 dager siden
    • If they do that we can escalate things again and have Seal Teams wipe out every tax haven and throw that at the national debt. When they say "Hey thats mine!" we can say "Congrats, you're being indicted for tax evasion!"

      Pat CarrollPat Carroll12 dager siden
  • If I owned a business, and the government decided they were going to tax me more, making it harder to earn a living, the very first thing that would come to my mind is: "I need to hire more people". Totally ridiculous. Another thing this, is an excellent example of how the liberal mind and their brainwashing tactics work. The republican made a comment, based on his opinion of what could unfold in the future. Has it happened yet? no. Could it? yes. What about his comment makes it a lie, if it hasn't happened one way or the other? Lawrence O'Donnell doesn't like it, so he immediately labels it a lie. Planting that seed in all the little radical minds out there. Using O'Donnell's logic, he is lying too, because neither scenario has unfolded yet. How does anyone sit down and negotiate with people like this?

    Rich624Rich62412 dager siden
  • He didn't explain nothing. Only criticized the other party. Anyone using logic can figure out if a business has to pay more taxes, they either increase their prices to consumers, lay off workers, or outsource to another country.

    Lee SmithLee Smith12 dager siden
  • Fear of the Biden administration's tax policies has already manifested itself in lost investments in manufacturing infrastructure. Look at US Steel backing out of a billion dollar investment they announced in 2019 for a mill in PA. That money is gone less than 2 years later. Ask yourself what changed? This guy is Obama 2.0. He could care less about good paying manufacturing in this country. What do you think rich people with means (who are the people who sign paychecks, by the way) are going to do when we tell them they have to give their money to the government? That money is going to go somewhere else on the planet that will cost them less.

    thomabbthomabb12 dager siden
  • It doesn't matter how much you smile and laugh while your being a liar, you're still a liar.

    discordianz5discordianz512 dager siden
  • Its ironic that the GOP was one of the first parties (around 1855) to push for government-funded infrastructure as an essential ingredient to economic growth.

    HereIgoAgainHereIgoAgain12 dager siden
  • Sure after spending big taxes all the companies are going to want to go out and spend more on labor...sure

    john gibsonjohn gibson12 dager siden
  • Raising taxes on big business' will cause them to cut down staff and/or move to another country with less taxes. The result, job losses.

    mike brigantimike briganti12 dager siden
    • this is fake news

      Gary WebbGary Webb12 dager siden
  • You raise taxes on the wealthy who supply the jobs will only lead to job cuts at the lower end.. Trump lowered taxes and had the lowest unemployment ever.. Government has to stop spending money they do not have

    TJSTJS12 dager siden
    • this is fake news trump cut taxes back in 2017 on the rich and that had nothing to do with e low unemployment which was decreasing since 2013 before drumpf got into office but nice try

      Gary WebbGary Webb12 dager siden
  • MSNBC finds a college professor who never worked a day in his life to back up their story backing the Dems.

    Gene TaceyGene Tacey12 dager siden
  • lol what.

    Austin RobinettAustin Robinett12 dager siden
  • The fact that these morons can't grasp the fact that any tax increases will flow right through the corporations to be directly reflected in price increases that middle class families have to pay for these products, shows a massive amount of either ignorance or corruption--both of which are endemic within the democratic party......

    RyanRyan12 dager siden
  • Says the guy who teaches and does not do. Corporations will not take a hit on profits from taxes. They pass them to the customer. So all you dumb Azz thinking your getting over your actually taxing your self.

    William GriffinWilliam Griffin12 dager siden
    • tickle down economics doesn't work this is fake news also why not raise the minimum wage? but keep defending the rich while unironically staying poor

      Gary WebbGary Webb12 dager siden
  • do you MSNBC even pay attention to the comments on your page ? this is America speaking to you to stop your bull and do the right thing... make America great!! not socialist..

    Malachi Ben AbrahamMalachi Ben Abraham12 dager siden
    • define socialism

      Gary WebbGary Webb12 dager siden
  • 🤣 That's why all our products say "made in China"! Duh

    Laureen JohnsonLaureen Johnson12 dager siden
  • How is taxing the rich beneficial to people, businesses, and the economy? It will have the opposite effect.

    sdt 25sdt 2512 dager siden
    • this is fake news trickle down economics doesn't work also why not raise the minimum wage? but keep defending the rich while unironically staying poor

      Gary WebbGary Webb12 dager siden
  • Sure..... how is this not criminal

    Billy GoatBilly Goat12 dager siden
  • LOL no

    Scott GScott G12 dager siden
  • Unbelievable! This professor must have gotten his credentials out of a Cracker Jack box.

    Billy BoyBilly Boy12 dager siden
  • When the Scandinavians flirted with socialism most of the big companies left and relocated in other European countries. Its one of the reasons they pulled back on that model so hard.

    ducati1212ducati121212 dager siden
  • Why didn't previous tax increases drive jobs overseas? Um, that is why they move jobs in the 70s and 80s in the first place.

    Andrew WasalaskiAndrew Wasalaski12 dager siden
  • Even if taxing the rich actually helped, which it doesn't, how is it morally okay to take 40% from federal income tax alone from a person who did nothing wrong? Leftist policies stem only from greed and jealousy it seems to me

    533 watts533 watts12 dager siden
    • It does help tho. Learn your history. It did wonders for the United States last century.

      Petur APetur A12 dager siden
  • More smoke and mirrors...

    The WatchmanThe Watchman12 dager siden
  • If poor people have money, then they buy more stuff. Buying more stuff helps businesses. That is the purpose. Any economist would agree. Look how cutting everyone's taxes including the rich went, now we are trillions of more dollars in debt. Stop allowing the rich to walk all over us because they're rich and "stock prices" and "prices of other goods" will go up. It's a ridiculous take that my economics teacher completely shut down.

    ReesePlaysGamezReesePlaysGamez12 dager siden
  • Fake azz news here.... turn off stupid.

    Dave SavedraDave Savedra12 dager siden
  • what a joke, joes policies are killing the people at the bottom. im a person who is barley getting by and this president is killing my ability to survive. i am seriously worried about how i will be able to buy gas and food as prices are rising fast. i live off grid and he is destroying my ability to survive...

    Malachi Ben AbrahamMalachi Ben Abraham12 dager siden
NOtown