Taxing the Rich to Death with Prof. Michael Busler #5290
Financial Survival Network
Summary: A budget proposal was just put out by the government, and Michael Busler comes on the podcast to walk us through this proposal and some of the implications that accompany it. The federal government has spent trillions more than they received in tax revenue during the last two years, which has called for a major tax increase for higher income individuals. While this benefits lower income earners, it ultimately reduces capital formation which is vital within our economy. Tune in to hear more from myself and Busler about what the proposal means and to increase your awareness of this topic. Highlights: -A budget proposal was put out, and Michael Busler is going to walk us through this -The federal government spent $3 trillion more than they received in tax revenue last year, and they will do the same this year -The plan that Biden puts out takes income away from those that earned it, and gives it to people that have not -They’re going to provide lower cost/free healthcare, free education, and other benefits that would go to lower income Americans -Biden says he’s going to tax those that make over $400k per year, but this is only about 1% of Americans—the average American will also see rising taxes -He states that these plans will not cost anything, nor will they add anything to the debt -By over-taxing the highest income earners, you reduce capital formation -With income, you pay taxes, and then with your disposable income you spend or save it -Most people spend most of their disposable income -Wealthy income owners still have much income leftover to save and invest, which becomes new capital for the economy (which we need in our economy) -This tax increase thus takes away from this new capital. This could lead to a capital shortage, which means businesses would have to raise prices -This only helps the lowest income earners, and everyone else will feel the negative impacts of this plan -They need to raise the debt ceiling relatively soon -It will replace individual responsibility with social responsibility -America became so prosperous because it encouraged individual freedom/responsibility as well as low taxation, and government role was very limited -Biden’s current plan goes against those values Useful Links: Financial Survival Network Michael Busler - Facebook
Inflation isn’t Going Anywhere But Up - Michael Busler #5239
Financial Survival Network
Summary: Michael Busler, Professor of Finance at Stockton University, gives us a crash course on the current economic situation in the United States—probing into some of the root causes of different problems and changes we are seeing today. We dive into inflation that has worsened due to disruptions in the supply chain as well as health circumstances over the last year and a half. Michael explains, however, that there are a number of other causes for inflation. If the government returns to some of the basic principles our nation was founded upon, perhaps we can re-create the economic prosperity we were historically known for. Highlights: -On the good side, the economy is growing very well, and is somewhat dependent upon the virus -The problem at hand is inflation - prices are up about 5% over the span of a year -Inflation is caused by disruptions in the supply chain -Business has not caught up with the supply yet and this is why prices are rising -Some say as soon as things open up fully, supply will increase and inflation will diminish -There are, however, other causes for inflation such as fossil fuels -The federal reserve has increased the money supply by over 20% in the last year and they are keeping interest rates near zero -The federal government spent $3 trillion more than they took in as revenue last year as well as this year (government deficit spending) -Companies that are re-opening are trying to get workers to come back, but many of them are making more on unemployment. Thus, businesses are pushed to raise wages which drives up labor costs astronomically -Wages going up pushes prices up -Will the federal reserve be able to raise its interest rates? -The stock market is doing so well because corporate profits are up due to remote working -Companies need capital so that business can expand and we avoid stagflation -We don’t want attempts to reduce inflation to bring about a recession -If we go back to some of the basic principles of the United States, our economy could prosper like it once did -Four basic principles: individual freedom, individual responsibility, low rates of taxation, limited role for government -The current administration is contradicting these principles; the government wants to take care of everyone and encourage social responsibility. The government is not motivated by profit, so costs go up Useful Links: Financial Survival Network Michael Busler Twitter Funding Democracy, the economics of freedom
INFLATION HAS ACCELERATED AT ITS FASTEST PACE IN MORE THAT 12 YEARS SINCE BIDEN TOOK OFFICE AND MANY PEOPLE IN BLUE STATES ARE FLEEING TO RED STATES TO ESCAPE THE “TAX HELL” OF THESE DEMOCRAT-RUN AREAS. JOINING US TO DISCUSS THIS EXODUS IS DR. MICHAEL BUSLER, PUBLIC POLICY ANALYST AND FEATURED COLUMNIST AT NEWSMAX AS WELLS TOWNHALL.COM.
Welcome Back To The 1970's - "Transitory" Inflation - Dr. Michael Busler #5156
Financial Survival Network
The 1970’s Are Back, With Inflation, Gas Lines, And Presidential Fiddling Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.
Public policy analyst Dr. Michael Busler, an economics expert and professor of finance at Stockton University in New Jersey, joins host Ryan Wrecker to talk about President Biden’s impact on the economy. Following that, Ryan breaks down President Biden’s speech on Wednesday night.
Where Was He When I Went To College - Dr. Michael Busler, PhD. #5090
Financial Survival Network
Dr. Michael Busler is an economist, columnist and teacher. Economics is his specialty and free markets are his passion. He had a long standing relationship with the late Milton Friedman and has followed in his path. What ails the country and the world in his opinion is the refusal by our leaders to govern less and let the markets decide. This philosophy is what made America the greatest economic power the world has ever known. And the deviation from these core values is what's causing it to fail now. We talked about fraud and how the government is a great facilitator of it. Much more here worth listening to.
Dr. Michael Busler Explains Our 2021 Economy Challenges
Rock Splitting Politics - Doc Holliday
Doc Holliday interviews Dr. Michael Busler for his take on what the economy will do in 2021 and beyond. Dr. Busler is a professor at Stockton University in New Jersey. He is a columnist at Newsmax, The Hill, The Western Journal, and Townhall.com. Doc will ask him about the big picture economy and the little picture economy which wasn’t so little after the Gamestop and AMC Theaters drama on Wall Street last week. Lots is happening and what is happening from the Biden administration right now is neither healthy for our economy now or in the future. Doc will discuss these economic issues with Dr. Busler on this week’s show so if you want to see a clear path forward financially, you had better listen to this show. Don’t forget to check out our FaceBook page and be sure that we are working hard to create an Anti-Socialist Alliance! The post Dr. Michael Busler Explains Our 2021 Economy Challenges appeared first on WebTalkRadio.net.
Dr. Michael Busler, a public policy analyst and Professor of Finance at Stockton University, joins host Ryan Wrecker to analyze where the economy is now under President Donald Trump compared to four years ago under former President Barrack Obama. Next, Robert M. Hardaway, author of “Saving the Electoral College: Why the National Popular Vote Would Undermine Democracy,” joins Wrecker to explain the history of The Grand Compromise and why our system is integral to election legitimacy. Listen to the show on Apple Podcasts? Leave us a 5-star review: apple.co/2Of49Bv and subscribe to Overnight America on other great apps like Radio.com If you like what you hear, we're live weeknights on KMOX 1120AM. We welcome your calls at 800-925-1120. Like and follow on Facebook: www.facebook.com/RyanWreckerRadio/ See omnystudio.com/listener for privacy information.
The Future of the United States with Michael Busler
Straight Talk in the COVID Economy
Michael Busler, Ph.D. is an economist, public policy analyst, writer and a Professor of Finance at Stockton University.In this episode, Larry and Michael discuss the future of the United States, with Michael sharing his view on America tomorrow, and covering the upcoming election, the economy, political leadership, equality and more.Find Michael: https://medium.com/@micbuslerFind out more about Resilient Futures: http://www.resilientfutures.com/getstartedDonate to Impact Africa Network: http://www.impactafrica.networkThis episode was recorded on September 29th 2020.