@rbreich

And your reminder that Roosevelt, Truman and Eisenhower had robust wealth taxation and the LONGEST ECONOMIC BOOM in history. And they paid off the debt from WW2. And built highways.

Biden has 40 MONTHS of continuos job growth. Only matched, only matched by Roosevelt, Truman Eisenhower.

FDR built a fairer America, and it works. Biden is too.

@rbreich

Humanity keeps complaining about the way things are fellow citizen Robert Reich.

But forever refuses to fundamentally change it.

We are literally startling ourselves, in broad daylight.
ST

"A Grand Challenge

My friends, the simple truth is that we are wasting our precious time, resources, intellect, and passion. As a species we are just as aimless today as when our primitive ancestors first ventured out upon this earth.

Today I am proposing that for the first time in human history, we change that.

Radically.

More than any time in history, humanity needs a grand challenge. Not only to avert its extinction, but also to indelibly etch the common bond of mutual reliance and cooperation on current and future generations.

Fortunately, all of the forces that now seem to conspire against us can quickly be turned to our advantage.

For the first time in human history we actually possess technologies so advanced that any physical problem can potentially be solved.

And yet, I wonder, do we possess the will and wisdom to utilize them for our salvation instead of our destruction?

I propose that we find out.

So today I offer you a radical and stark choice between two future realities.

An aimless future of continued war and conflict, with all its accompanying suffering and death; or a limitless future dedicated to defeating suffering and death itself, with all its accompanying technological advancement and social evolution.

Yes indeed, I have a new plan, for all of you. A plan of hope. A plan of adventure. A plan of such extraordinary magnitude as to take the breath, and challenge the senses, of all who would consider it. A plan to bind our common people in hope, and finally free our conscience for noble purpose.

I propose that in the next three decades we at last end the scourge of human disease upon this Earth, and begin the inevitable adventure of humanity's migration beyond it.

We shall at last unlock the fundamental secrets of our biology so we may conquer any illness or defect at will, and we shall free ourselves from the bonds of our native home so we may evade global calamities, and begin the expansion of our species beyond this world.

No longer shall our survival be dependent upon the random and dispassionate forces of nature. No longer shall we quiver in anguish as we helplessly watch those we love suffer and die in agony from an endless list of human disease and dysfunction. No longer shall our globe be divided in constant turmoil and conflict while the hammer of fate hangs precariously balanced over all we know and love.

We shall at last take control of our future, our fate, and ourselves.

No other endeavor ever attempted by humankind will require more genius, dedication, compassion, and sacrifice.

And no other endeavor ever attempted by humankind will be more vital to the continued existence of our species.

I understand that for many this may initially seem like pure science fiction. This is to be expected since the scales of the threats we face reside within the scope of what we have always considered to be science fiction. However, in reality, all of these goals are well within our technological reach. They are the quickest, and I believe only, way for our species to battle both the physical and societal threats that will continue to confront us."
SearingTruth, A Future of the Brave, 2005

@rbreich

It would be good to mention Eisenhower's tax rates once in a while, Bob.

@rbreich

The Chinese banks funding Trumpism adore Republican administrations who jack up the national debt & then threaten to not lift the debt ceiling.

https://www.cnn.com/2024/01/04/politics/trump-properties-china-foreign-payments/index.html

https://www.bloomberg.com/opinion/articles/2024-01-04/trump-took-7-8-million-in-foreign-cash-while-in-office-he-d-do-it-again

https://www.vanityfair.com/news/2020/10/donald-trump-chinese-bank-account

The debt ceiling brinksmanship triggers interest rate hikes that further increase the flows of cash out to the investors buying federal bonds.
https://www.cnn.com/2023/05/25/economy/mortgage-rates-may-25/index.html

https://www.investopedia.com/how-the-debt-ceiling-impacts-interest-rates-7547143

https://money.usnews.com/investing/investing-101/articles/how-the-national-debt-affects-you

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

https://www.reuters.com/markets/rates-bonds/derisked-chinas-us-bond-footprint-fades-mcgeever-2024-01-25/
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