Nouriel Roubini, CEO of Roubini Macro Associates, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the need to raise the age for retirement, potentially cutting social security benefi
In a country where the worlds first trillionaire benefitted from government subsidies, while at the same time, social security benefits need to be cut...
6:00 He's a buy and hold guy who never times the market, except if the economy went into a severe recession he would sell some stocks and move to liquid assets. Wouldn't that be too late?
they would put people on disability for 30 years without a thought. that ran up their costs. many could have easily gone back to work 15 minutes after they were awarded it.
Save Social Security by eliminating the FICA income tax cap.
That would generate approximately $3.2 to $3.4 trillion in additional revenue over 10 years, closing 53% to 67% of Social Security's long-term funding gap and extending trust fund solvency to 2055 or later.
I used to be against ubi, but between Cuts in Social security, the cost of living, wages not keeping up with inflation😢 something has got to give, or The Peasants will revolt
But what we will NEVER cut are the unprovoked wars that costs $billions on a weekly basis ! These people need to be arrested, sitting there claiming to be an "expert" while you push corporate agenda needs to stop !
No this is pure BS, what we need to cut is the defense budget, we can simply stop waging war and needlessly blowing up our money. Why is it never the military that gets cut but always the stuff for the people, ph off you corporate t-ats.
ALL income should get taxed for social securiry, not just up to $185,000
Wake up people! Youre so determined to advocate for Millionairs & Billionaires
Because one day you might be one yourself right?
We don’t need to cut social security. Corporate owned politicians of both parties raided the fund over the years. Those corporate owners can now foot the bill though higher taxes. Problem solved.
Don't let these corporate clowns trick you. The only reason they need to cut Social Security benefits is because they are STEALING from us. Now they want to take all of it to pay for their screwups. They are STEALING the money that is reserved for us, so they can use it to make rich people richer. It's almost time to throw tea in the harbor. Get your pitchforks ready.
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That would generate approximately $3.2 to $3.4 trillion in additional revenue over 10 years, closing 53% to 67% of Social Security's long-term funding gap and extending trust fund solvency to 2055 or later.
Wake up people! Youre so determined to advocate for Millionairs & Billionaires
Because one day you might be one yourself right?