"[Corporations] want Mr Biden to be just like Mr Trump when it comes to taxing corporations, namely not taxing them. He's going to have a lot of problems. And therefore he's not going to be able to pay for these spending programs with taxes, because the corporations won't allow it and the mass of people don't can't afford it. So he's going to borrow the money which takes our already huge, unprecedented deficits and makes them larger, and makes our already record-breaking national debt go up even higher even faster. And that runs all kinds of economic risks." - Richard Wolff
This is a clip from Economic Update: A Green 3rd Party for the U.S. [S11 E16] Watch the full episode: https://www.youtube.com/watch?v=zWNf2... Professor Wolff has spoken on this issue in a previous Global Capitalism lecture. Watch the clip where he gives his first three reasons there will be no economic boom after the pandemic: https://www.youtube.com/watch?v=Rbf8F... ______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate Become a monthly donor via our website: https://www.democracyatwork.info/donate _______________________________________________________________________________________ Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" Now also available as an eBook! www.democracyatwork.info/books “A blueprint for how we got here, and a plan for how we will rescue ourselves.” - Chris Hedges, American Pulitzer Prize-winning journalist, New York Times best-selling author Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism" https://www.lulu.com/spotlight/democr... _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy Source: Democracy At Work https://www.youtube.com/watch?v=bzLq4...
