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Alternative Visions – Krugman and Neoliberal Economist Attacks on Sanders’ Programs – 03.25.16
Dr. Jack Rasmus explains how his version of a Financial Transaction Tax
on stocks, bonds, derivatives, and currencies could raise far more than
sufficient revenues to pay for a single payer-national health care
program and still leave hundreds of billions to expand social security
Medicare and other programs. In the second half of the show, Rasmus
shows how a single payer system would save $1.2 trillion a year out of
the current health care cost of $3 trillion today. Based on a tax study
done in Europe in 2013, Rasmus shows a US financial tax of 5% on stocks
bond trades, a 1% tax on derivatives sold in the US, and 1% on
non-government US currency sales raises $3.89 trillion a year, or about
twice the revenues needed for a comparative single payer system. Rasmus
then reviews and debunks the debates by neoliberal economists like Paul
Krugman, and Clinton’s ‘gang of four’ economists, who have been
attacking Sanders’ proposals for a financial tax and single payer health
care. In the first half of the show, reviewing recent events in the
global economy Rasmus addresses the fallout from the European Central
Bank’s recent decision to expand its quantitative easing and negative
interest rate programs and why they will fail; the growing default risk
in the US energy junk bond markets; the preliminary agreements by
Russia, Saudi Arabia and others to freeze oil prices; China’s continuing
desperate moves to deal with the massive bad corporate debt problem;
French retreats on introducing labor market reforms in response to mass
demonstrations: the doubling in average prescription drug prices in the
US: and why millennials (age 25-34) in the US now earn take home pay
today in 2016 less than they did in 1984.
View all episodes
By Progressive Radio Network
4.8
2525 ratings
Dr. Jack Rasmus explains how his version of a Financial Transaction Tax
on stocks, bonds, derivatives, and currencies could raise far more than
sufficient revenues to pay for a single payer-national health care
program and still leave hundreds of billions to expand social security
Medicare and other programs. In the second half of the show, Rasmus
shows how a single payer system would save $1.2 trillion a year out of
the current health care cost of $3 trillion today. Based on a tax study
done in Europe in 2013, Rasmus shows a US financial tax of 5% on stocks
bond trades, a 1% tax on derivatives sold in the US, and 1% on
non-government US currency sales raises $3.89 trillion a year, or about
twice the revenues needed for a comparative single payer system. Rasmus
then reviews and debunks the debates by neoliberal economists like Paul
Krugman, and Clinton’s ‘gang of four’ economists, who have been
attacking Sanders’ proposals for a financial tax and single payer health
care. In the first half of the show, reviewing recent events in the
global economy Rasmus addresses the fallout from the European Central
Bank’s recent decision to expand its quantitative easing and negative
interest rate programs and why they will fail; the growing default risk
in the US energy junk bond markets; the preliminary agreements by
Russia, Saudi Arabia and others to freeze oil prices; China’s continuing
desperate moves to deal with the massive bad corporate debt problem;
French retreats on introducing labor market reforms in response to mass
demonstrations: the doubling in average prescription drug prices in the
US: and why millennials (age 25-34) in the US now earn take home pay
today in 2016 less than they did in 1984.
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