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I watched this recent interview with Stanley Druckenmiller (one of the best macro investors with an incredible track record) on more problems we will be facing
by youniverse 3y ago
I watched this recent interview with Stanley Druckenmiller (one of the best macro investors with an incredible track record) on more problems we will be facing in a few years. Mainly about how the US is not going to be able to pay for our older generations healthcare unless taxes get hiked to obscene levels. And that these predictions they made years ago are coming to fruition slowly but that their predictions of course could not predict the wild COVID spending that occurred. Future looks interesting to be sure!
https://www.youtube.com/watch?v=53wThFFuOqU https://www.youtube.com/watch?v=53wThFFuOqU
- Hermitian909 3y agoI think something shown in the ideological hand here is that the tax hikes are framed as regressive tax hikes. You can make up a significant portion of the gap by adopting the sort of progressive taxes we had pre Reagan. There's also probably substantial savings to be had by moving to a single payer healthcare system which I think we should expect in the coming decades - support creeps up every single year.
- detourdog 3y agoFew people discuss that a large part of the 2008 auto company bailout was simply becuase our retirement and healthcare plans are so inefficient. Essentially the auto companies need relief from the retirement plans to compete with countries with civilized policies. The way congress works against the populous on this issue puts the individuals and the businesses at a disadvantage globally.
- detourdog 3y agoWas there a definition of obscene? Many of the money TV panelists find almost any tax obscene.