Investor Looks At What Is Happening In The U.S. And What Is Likely To Happen

Investor and author Ray Dalio joins Morning Joe to discuss his new book 'Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail'.

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Investor Looks At What Is Happening In The U.S. And What Is Likely To Happen

[stephenstoufer]

Why is military spending accepted ? The only time you hear about how much our country owes is when the people are trying to get some money !

[claudermiller]

Let's recon with the debt.
Raise the top tax rate to 70%.
Double the capital gains tax.
Double the "death tax"
The rich have had a free ride for 40 years.
Enough is enough.

[stitchcrafter]

The debt can easily be dealt with by rescinding the Grump tax cut, by charging billionaires and corporations what they SHOULD be paying into society.

[verumillic]

For those keeping score at home -- the message here is we are doomed. We are more eager to tear each other down and tear each other apart than to deal with our common threats.

[sowhateveritis]

theres another way to get money besides “being more productive” … it’s called TAXES ON THE

[martincremin]

Societies with a strong inclusive middle class and social cohesion (contract) and productivity will fare better.
Edit: debt bad.

[mrscardoso]

It all comes down to ppl being taxed at the right rate and forced to pay their fair share in taxes. Once that happens ppl will feel like we are on the right track to fund the things we need to for our communities to succeed.

[riandraegon]

Well, if it’s a matter of ultimately coming together to face a challenge, we’re screwed. I don’t see that happening for a long time.

[nelivv]

Maybe we should make billionaires pay their fair share in taxes to contribute to lessen the defeit the country has in debt. But then again they are too greedy to do so. Eat the rich.

[barbmoody]

If everyone paid their fair share we would not have a problem

[laurenkrist]

I know a little about Mr. Dalio as I've followed his writings a bit. He runs an extremely successful hedge fund and has been talking about this way before the pandemic even began.

[LiveAndLetLivia]

Lol. You don't need to borrow money if you cut military spending. But this guy says the military is "overstretched" -- like we aren't spending enough on the military. Okeedokee artichokee 👌

[jennysavage]

the rich need to pay their share. the different standards are madding.

[scallaghan]

At least this is good, informed, rational conversation, not the angry, hostile words we are becoming too used to. We can't even speak with each other any longer without escalation into anger and violence. Can we remember how to be rational, and considerate of each other's point of view?

[freedomofreligion]

How about addressing the current oligarchy in the U.S. Oligarchy is a midpoint between democracy (struggling to evolve into a true democracy, in our case, I grant you) and a fascist state? Hmmm?

[mariamendoza]

Yeah tax the rich and make them pay their fairshare and stop there tax cuts and loopholes now

[brahmburgers]

A big reason why the US has so many rich folks, is foreign companies buy US treasury/savings bonds, and that money trickles to 'the haves.' It's a bubble which can burst in a day. And, of course, mega borrowing. Meanwhile, the poor get poorer.

[MrBendylaw]

The problem I have with this argument is the number of well-to-do and even rich people fomenting this chaos. I'm in support of higher taxes for the rich and corporations, but I don't think the 'crazy' we're dealing with comes from economic policy/disparity. Fueling it, sure. But ultimately I'm pretty sure it's a quality of education sort of thing.

[zazasnruntz]

We need better education and fast!!! It frightens me how incompetent some people are

[lizthor-larsen]

Sure, take taxes but don't take it from the already exhausted.