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Shrinking the government.

Summary:
Does shrinking the government lead to you keeping more of your money? 

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Does shrinking the government lead to you keeping more of your money? 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

23 comments

  1. The Yankees I feel they just don’t want it 😢😢😢

  2. 😂, lol my guy mike ⚡️💯.

  3. @eatlaughandstupid4430

    I can listen to this for days. Go Dodgers!

  4. Thanks for the updates, Mike. I support reducing taxes on us working folks.

  5. Taxes also provide fiscal space for the federal government to spend without worrying about inflation as much. If you continue to lower taxes then the government can’t spend without fear of inflation. Agreeing with musk is a wild stance

    • @TheRoamingWatcher2024

      If supply chain and manufacturing went back to 95% they could bring back the war bonds that was a tax replacement for a little bit then tax out a little bit but concentrate it at the local level where taxes actually pay for spending.

  6. You should be on the Yankees Mike. You knocked it out of the park today.

  7. @kryceksrpgsetc.1882

    Great video Mike. Great explanation of Musk’s error in logic

  8. Thanks for the understanding of State vs Federal taxes and funding.

  9. So let me get this straight. You are voting for a guy that

    1. Wants to increase taxes on the middle class and poor via tariffs.
    2. Wants to reduce taxes for the rich
    3. Wants to cut government spending (via Musk's ideas) by $2 trillion.
    4. Denies global warming. Will cut back on energy transition.

    Are you voting for Trump for other reasons? Makes this make sense Mike.

  10. @GeorgeSchneider8889

    Hey Mike! Bullied by bankers, Yellen is talking about bringing back qe. More income is going to be removed from the economy. Things don’t look good for the future 🤦‍♂️

  11. Musk is commercially self interested. Buy Doge coin! Lol

  12. What you not get is that bank issue currency via loans to individuals and Corporations that gets distributed to ppl WHO Work or Provide Services. If goverment ist too big it binds Lots of resources that are Not used to do productive Work and IT needs to Tax US in Order to pay for those resources. Goverment is the Most unefficient Ressource allocator. Thats why everyone gets more poor and ist faced with more and more regulations. Goverments are leftist by Nature. Look at what happend in comifornia. We need to shrink the goverment and also ITS spending in Order to BE able to Cut taxes and give ppl Back their freedom and self responsibility so they are less dependend on goverment. Less sheeps and do Something productive to benefit US all

  13. no he wants less regulations so less regulatory departments won't get in the way of his business plans, he also doesn't want people to have to pay so much tax that they don't have any cash left to buy a new EV.

  14. What about how much money you keep from not paying the taxes ..

  15. @financeeconomics1057

    I'm all for no income tax, or a low across the board flat tax of 15% or so.

  16. @TheRoamingWatcher2024

    His worth is from gov grants and stock worth

  17. "You want the government to put out!" 😂😅😅

    It's mathematically impossible to shrink the USD supply in the economic spending gap while simultaneously increasing the savings in the private sector. Shrinking the money supply is the complete opposite of what would be required for savings to increase, implicating hidden/nefarious intent, being so precisely wrong, rather than being way off with a hair brained Neoclassical or Austrian model. What's the hidden intentions behind running Austerity in a way that drains everyone's savings, not just draining some USD from the Fire sector, tax evasion schemes &/or something like that. Won't the private debt build up & bust after the USD drain be a net gain for the FIRE sector?

  18. "You want the government to put out!" 😂😅😅

    It's mathematically impossible to shrink the USD in the economic spending gap while simultaneously increasing the savings in the private sector. Shrinking the money supply is the complete opposite of what would be required for savings to increase, implicating hidden/nefarious intent, being so precisely wrong, rather than being way off with a hair brained Neoclassical or Austrian model. What's the hidden intentions behind running Austerity in a way that drains everyone's savings, not just draining some USD from the Fire sector, tax evasion schemes &/or something like that. Won't the private debt build up & bust after the USD drain be a net gain for the FIRE sector?

  19. @peterbedford2610

    As I predicted on this channel over three years ago…the government will be destroying the value of the USD

  20. That’s not correct re taxes and value. Taxes are needed to sterilize spending to ensure government doesn’t crowd out the peivate economy. That’s it. Has nothing to do with creating moneys value.

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