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The Thom Hartmann Program Full Show 91219

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You've found the place where The Thom Hartmann Program is streamed live Monday-Friday,

Today's Topics include....

America Needs To Move Seniors Out of Poverty and to Stop Choosing Between Food & Medicine

For decades, progressives have been talking about eliminating the cap on the Social Security tax and raising Social Security benefits enough that retired and disabled people can actually survive. It makes no sense that working class people have to pay Social Security tax on 100% of their income and a billionaire might pay the Social Security tax on less than 1% of his income, At the same time seniors are cutting pills in half and literally eating dog food. Warren wants to use the money from removing the cap to give everybody on Social Security a $200 a month raise, which will lift 5 million seniors out of poverty, cut the senior poverty rate by 68%, and provide a strong stimulus to the economy because virtually every penny of that money will rapidly be spent. It’s time that wealthy people pay their fair share of Social Security taxes, and disabled and retired Americans who are struggling to get by in this Reaganomics economy don’t have to make life and death decisions like, “Do I buy food or do I buy my prescription drugs?”

Professor Richard Wolff
According to the Financial Times, China is lowering reserve requirement for their banks, At the same time, Trump administration has rolled back some reserve requirements on US banks. Richard Wolff explains what these reserve requirements are and why are the United States and China lowering them. Could China be flooding the area with cheap money to withstand even harsher tariffs from the Trump administration and could this lead to a financial crash like the one in 2008?

and much much more

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