Passive Capital Flows Are Starting To Reverse - This Will Change Everything | Michael Green

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The officially-reported headline GDP, jobs and inflation numbers look pretty rosy right now.
But how much of that is due to actual, healthy sustainable economic activity vs extraordinary government intervention?
Deficit spending as a percentage of GDP is currently at heights not seen outside of major wartimes and government jobs have surged, total federal employment reached its highest level in at least 20 years last year.
Is the government putting its thumb on the scale here? And if so, is that a good or bad thing?
To discuss, we're fortunate to be joined by Michael Green, portfolio manager & chief strategist at Simplify Asset Management.
#stocks #liquidity #recession
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[@adam.taggart]

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[@DavidSchenck-h3m]

Yes for income generation

[@longliverock7985]

This guest was terrible. I suggest you erase this video.

[@wasdwasdedsf]

@@longliverock7985 thank you

[@LJLeung]

Demoralized healthcare provider here. After the pandemic, I realized that it is no longer worth it to continue in my profession. Quitting soon. No PPE, no hazard pay, nothing. Just another number to enrich a private company & the govt. I don't think many ppl understand what it's like working through that (in a hospital setting). The only ppl we're helping are the executives of the hospital. Nooooo thank you.

[@Michael-qy1jz]

I hope you did take the Poison either. I had 2 family member refuse correctly and were willing to get fired, but luckily they both are in in different Florida ERs and all that nonsense was blocked.

[@SkankHuntForty2]

What's your position?

[@erinsweet8147]

My husband is an MRI tech and hates healthcare now. He’s so good at it that he travels and can be doing MRIs at the end of the first day. He wants to quit, if he could get decent pay doing a trade he’d quit tomorrow.

[@LJLeung]

@@erinsweet8147 Start making a plan to get him out now 👀 Not worth it spending so much of our time doing something we don't like (or hate).

[@stephenshearon6420]

I hear you, LJLeung. As a patient who received intensive treatment in 2022, I was grateful to get it. But I could see the strain under which my caregivers were working. Hope you’re able to find a suitable way forward.

[@dr.jstudio]

I'm saying this not to be snide or as a gotcha, but as a genuine question: Given the government's record in recent decades of making a total hash of everything it touches, why would we have any reason to believe that the heavy government interventions Mr. Green proposes would result in anything other than over-expensive boondoggles characterized by enormous waste, incompetence, and corruption? Again, this is a sincere question. I have trouble getting behind any proposals to increase government power when the government has served its citizens so poorly for so long.

[@Erikpdx]

There is a growing media dedicated to brainwashing people about how the govt hashes everything it touches. Lol, and Trumpcis supposed to he the solution. Be skeptical of the people selling you the skeptical narrative

[@taylorkaplan2614]

Everyone who eants to raise taxes conveniently forget this point.

[@calebsaruk3527]

I see Erikpdx makes clown statements like his leaders😂 In plain English Erickpdx would have you not listen to the independent media because they are pointing out the flaws that you yourself are experiencing under the leftist socialist elites. Makes total sense 🙄

[@Erikpdx]

@robertweit5410 talking points

[@cottagemail4066]

THIS ! ! !

[@mfclevz8765]

Senate just passed another multibillion dollar spending bill to send to Ukraine and Israel and this guy thinks we have a tax collection issue and not an issue with spending? If you tax the middle class further in any significant manner I will be looking at my options to leave this country, and I will not be surprised if you get a revolution on your hands. Property tax, income tax, taxes on investments, fees for doing almost anything such as owning a car, the list goes on and then when you decide to actually spend your money toss in another 7% sales tax. We are taxed now more than ever. And don’t say we will only tax the rich, run the numbers our debt cannot be payed by just pressing exorbitant taxes on the rich. This guy is smoking rocks.

[@garyjones3142]

Totally agree with your assessment on all the taxes we are shouldered with.

[@BB-sf7jv]

US Taxpayers should not be responsible for supporting Israel. Arms purchases are appreciated. That said if Israel needs money they should reach out to the Jewish Community. I as an American Jew would be happy to donate. As for Ukraine it’s a barrel with holes in it.

[@Truthseeker-iz3dj]

100%

[@Erikpdx]

That's peanuts on what we spend to stand up to countries like Russia. But Russia appreciates your patronage

[@ptw7665]

Your frustration is understandable, yet the money spent to support Ukraine is the cheapest investment possible to keep the aggression of a dictator from spreading to greater Europe .This would eventually lead to the United States being dragged into war if not controlled now. Yes, the middle class are being taxed to death. I believe this is because the wealthy have spent tremendous money to have government write the rules to exempt them from paying their fair share. If they would pay their fair share and that money was collected, we would probably be close to having a balance budget. I respect your opinion and personally understand your frustrations. I just think the cause of these inequities can be solved with minimal pain to working man, if we could get the uber wealthy to carry their share of the burden.

[@willanderson9832]

Not sure this guy gets it. More taxes is not what fixes the government’s wasteful spending habits that have been going on since WWII

[@10317]

Will , he’s not saying that. What Mike is saying is take away tax cuts from the 1980’s it would level the playing field. The middle class already shoulder most of the tax burden. Trump just made it worse.

[@Gzluweez]

He’s projecting that response, but not advocating. I can say it will rain today without hoping for it.

[@dwalsh5925]

I’m going to finish this podcast even though I don’t want to because I don’t agree with Mike’s assessment of taxes and the government etc. etc. it’s still good to hear both sides of the argument whether you like it or not I guess I’m trying to stay out of the echo chamber

[@Erikpdx]

Libertarians tend to default to "govt bad" without listening to any arguments. It's overly simplistic and niave. Thank you for at least hearing him out. Mike is extremely rational.

[@BV-fr8bf]

Please tell me when the LAST time govt cut spending? Seriously Clinton? (Not 'cut spending' as part of a multi-trillion dollar spending package.) I'm not allowed to run 20 to 40% spending deficits!

[@logantcooper6]

​@Erikpdx it is a safer assumption in 2024 to assume the government will mismanage any additional money it receives. They have shown this time and time again.

[@JamesAndrewMacGlashanTaylor]

@@Erikpdx What is the libertarian argument against sin taxes? Do you know? Better go look it up before responding. It is hardly naive. It just forces you to listen to the advice your mother gave you when you were growing up. You don't get license to hit people and take their stuff just because you are an adult. It's actually evidence of the opposite. Libertarianism is a philosophy for adults - the kind of adult your mother raised you to be.

[@Erikpdx]

@@JamesAndrewMacGlashanTaylor cry more, bro

[@omartalamantes3991]

Our biggest setback is Citizens United. We need to remove big money out of politics. Set a $25 per person/business maximum.

[@bobfromuth8107]

Michael, allow me to share three important points with you: 1) While while SS and MC clearly are "pay as you go" programs, my "pay" in to these systems over 30+ years was mandated under threat of criminal culpability. My take home from these programs will be unlikely to ever amount to even a fraction of what I paid in, especially if I had the opportunity to invest those funds at market rates. We ought adjust taxes and benefits around the edges, but these "entitlements" are statutorily and ethically not an optional commitment. 2) In a welfare state, which our country has evolved in to, the meaning of the words "charity" and "gratitude" have evolved in to "grievance" and "entitlement". Every corner of our nation is dotted with hospitals, universities and libraries erected before the advent of the American welfare state. Coercive big government is not at all necessary for collective action to address social ills. 3)The word "homeless" is a terrible misnomer. To a one, the "homeless" are individuals with severe mental illnesses. Addressing their plight with anything less than a radical rethinking of their diagnoses and treatment is doomed to be an expensive failure.

[@jackherndon8245]

I prefer President Jefferson's take on government instead of Mike Green's socialism. "A government big enough to give you all you want, is big enough to take all you have."

[@Michael-qy1jz]

1000% > and it has. Even worse, govt was bought up by big corps and infiltrated, bribed & blackmailed and are LOOTING America's wealth & credit.

[@10percentflattaxoption]

Yes former President is big enough to take all you have.

[@calebfast8088]

Small government = small problems

[@Michael-qy1jz]

I see the erased my comments. Communist Tube

[@10percentflattaxoption]

@@Michael-qy1jz Yep, s happens...Malania knows....

[@LinaDelBianco]

I have a lot of respect for Mike Green and his views on finance, but as someone who has been in higher education for 30 years, I have to say that his ignorance of what needs to be done in education is great. The problems with his analysis are simply too many to go into here, but let me just say that the surveillance he believes necessary is already well in place. In fact, we do know when our students are reading any online textbook, and this information does absolutely nothing for the quality of our students' education. In fact, Green should check out where tech execs send their own kids - they are generally tech-free k-12 private schools. What Green and others with money (but no real understanding of education) often assume is that more up-to-date methods and more tech = greater "returns". If all you're looking for are consumers who will keep the economy going then perhaps this is true, but if you are looking for citizens with critical thinking skills (a good idea if you want a functioning democracy), then these new bells and whistles are in fact the last thing we should be doing. This brings me to my second main point: his assumption that we want citizens capable of critical thinking (rather than consumers capable of shopping). I can assure you that our society emphatically does not want a citizenry capable of critical thought, and if he spent any real time in the world of education he would see this quite clearly. As with so many other institutions in America today, neoliberalism has embedded itself so deeply that chasing the bottom line is hardly ever questioned anymore. We have constructed a pedagogy around our financial needs (those needs being that money flows to the top while students and many teachers are left with very little at the bottom). This is the reality. Long before covid, report after report showed that internationally only 44% of American 4th graders were able to read at level while only 36% were capable of doing math at level. Where was the outrage? It was nowhere. Why? Because the point of education in America is to serve the institution (in other words: the endless line of bureaucrats taking their cut), not the students. Would our incompetent and corrupt gerontocracy have been able to maintain power for so long with an educated population? Until you deal with this, American education will continue to slide into irrelevance and our democracy with it.

[@Michael-qy1jz]

He refuses to see how corrupt it is and how the purposeful Destruction of America through subversion programs like Woke, pronoun, dumbing down, looting of the national debt and finance etc.

[@Michael-qy1jz]

My comment erased as usual. Communits

[@jetstream3528]

As billy ackman says.......I'm rich I can say what I want....you rabble shut up or I will blacklist you

[@davisutton1]

This is more pervasive than US education. I am in the tertiary education sector and an obsession with "technology infused" education, and exclusively with STEM has crowded out critical thinking as the core competency that universities target. Part of this is the extraordinary development of wokeism that seems to be a self parody.

[@martyjanowiecki7491]

The reason the govt is involved in education is to maintain an ignorant populace who won’t ask questions or push back on the corruption taking place daily in DC

[@jmcmob608]

Thank you very much... Just one thought: As soon as charter schools come from govt, they lose the incentive to be quality-oriented… not big on govt doing these things… more for govt not getting in the way of these endeavors

[@cottagemail4066]

Yep!

[@ocox8659]

I disagree with your guest. I’m already paying more than my fair share in taxes. We need to cut the size of government at least by half. Start with eliminating all the useless federal agencies, demolishing the surveillance state, cutting defense by half, eliminating the handouts for illegal immigrants, and stop all the foreign aid that only causes the US foreign policy headaches, especially end the handouts and war funding to Ukraine and Israel.

[@garyjones3142]

2 thumbs up on that statement !

[@jwilliam2255]

The way to eliminate "handouts for illegal immigrants" if to remove the illegal immigrants. All of them. The US gov't needs to get out of the Asylum business, permanently and completely.

[@kennethrobinson7647]

If only someone who supports that would run for president, I wonder who that was? Maybe his name starts with V.

[@cuchulainkailen]

Look, that is it - THE prescription in a nutshell. Yet, that's your first mistake: supplying something way too logical. That will never do. And don't expect the likes of Mikey to grok that. What a freakin' disappointment.... but one to be grateful for.

[@tcooper1980]

100% agree. I get the “something needs to change”, but the Tax cuts have shown an increase in Gov revenue. Some of his point are good around education needs to change… but our government is way too big. Cut TSA by 99%!

[@timsprong1490]

In high-school a class on financial responsibility was required for everyone to graduate. I still use principals from that class today. I even bought the textbook used. Eliminating this required class is an example of what has happened to America. Things can still be turned around. An example would be requiring this class to get a loan, like a car loan or mortgage.

[@spaert]

I, for one, would feel much better about paying higher taxes if I didn't know that a large percentage of what goes to the federal government is either stolen or completely wasted. Social Security, for example, has shown a net gain for decades, but because the excess has for many years been taken and used as part of the budget, Social Security has falsely been declared as in deficit. If it had been left alone instead of raided, things in that arena would be just fine. And that's just one example. So many other examples of millions just simply disappearing - "We don't know where it went...." No, cutting the waste and corruption would produce much more revenue than raising taxes. Handle that first, then we'll talk tax hikes.

[@Michael-qy1jz]

It's the most corrupt in my almost 60 year life.!! I've never seen such inward attacks and subversion placed upon a so called- free society.

[@Erikpdx]

That's a false myth. SSN maintains its own balance sheet, and hasn't been showing a net gain. The excess funds are used to buy bonds, which earn a yield. Always have. Nothing changed other than how they track that balance sheet relative to the rest of the budget

[@Michael-qy1jz]

@@Erikpdx nonsense. There is NO excess and what is left is intreasuries. It's like writing yourself a check for 10 million and they state your 10 million wealthier because you pay urself 3% interest.

[@jetstream3528]

Exactly

[@Erikpdx]

@@Michael-qy1jz treasuries are the most secure asset in history besides holding gold

[@objectivethinker3225]

This guy has absolutely no idea what he is talking about. How can he possibly say that fiscal spending isn't the problem when the federal government is spending two trillion dollars more annually than they were 5 years ago? And regardless of the tax rates, revenue to the treasury is roughly around 4 trillion dollars a year and has been for decades. The recent several rounds of tax cuts really haven't had a large impact on tax revenues. Tax rates do not need to increase! The problem is special interest deductions and exemptions but even that is only going to get a couple hundred billion more a year. Fiscal spending last year including interest payments (6.7 trillion) was over 25% of GDP (~26 trillion).

[@donmarek7001]

Fed income tax, SS, medicare, gasoline tax, corporate taxes, fees of various sorts. What are they doing with all that $$$? Over 8 years of Obamunism, the feds took in $20 trillion in taxes over that time more or less. What are they doing with all that $$$?

[@bruceposch1449]

In the right mood, I want to hear others "thinking outside the box" whether I agree with it or not. Trust me, this is the first time I've used that term and have tried to avoid it because everyone used it so much years ago... but I can't think of a better term for this interview. Mike gave lots to think about. I'd like to hear more from him sometime.

[@skibum914]

Entitlement Mike is wrong...this is what has gotten us into this mess to begin with. I don't hear of young people sharing homes like I did as a college grad in NYC...I shared a studio apt with a roommate for years until I could afford to live in my own studio apt which I did for another 5 yrs than got a two bedroom and had a roommate for another 10 yrs until I could finally afford my own rental. Saved for 20 yrs and finally got my first little two bedroom house outside of NYC, saved and lived frugally for another 10 yrs and finally it started to reward with my current retirement at 60 and money in the bank, home paid off. All I see out there is the youth spending in restaurants, Starbucks and money from mom and dad. The work ethic has degraded to a point where I don't recognize our country any more.

[@olk3]

That sums up how I feel, thanks for describing our lives.

[@timthetiny7538]

Lol. Your state subsidized tuition rates of $4/credit hour. Spare me your bullshit

[@jimbopeebles8210]

Ok boomer

[@toddsmith9649]

Mike Green is a smart guy. He makes some great observations. What he can not see is his biases on how society should work. There are unfortunate and tragic situations. Laziness, reckless decisions and refusal to take ownership of mistakes and well-being are far larger reasons for the plight we see today.

[@bkfabs]

So Mike thinks that more government, higher taxes, and public/private partnership is the answer. I completely disagree. That model has shown to be a complete failure.

[@garyjones3142]

Yes ! This guy is a true left leaning individual.

[@shelteredshaman5992]

A generation [Boomers] spoiled by the fruit of previous socialist intervention would of course say that.

[@jfuite]

I know right? Government spending as a fraction of GDP has crept towards half. Mike Green supposes that if government spending is, say, nearer to two-thirds, that would be better?

[@michaelhouse9452]

This guy just said he likes the idea of fascism, communism, and socialism (he likes every form of authoritarian government which ALWAYS requires the killing of millions of people) lmao. He is another bit of proof at how our education system is churning out completely clueless humans, TRULY uneducated individuals

[@gsdlover8967]

I agree this guy is out of his mind..I am paying over 30% income-tax already 😒 and he wants higher taxes .😡 I just want my homestead and work part- time. 🤔

[@nacetroy]

I've caught Mike Green on a few other podcasts, usually talking nuts and bolts or future economic projections, I think this is the first time I've heard him talk about his larger perspective and how it relates to what the US did well or not so well in history (around the middle of this podcast), and I'd love to hear 3-4 hours on those views alone. That said, while there does need to be some sort of intervention on (essentially) the over-financialization of everything, I'd caution against giving the government MORE power to make decisions. It is government power, throughout our history that has been used to favor the elites despite how they're disguised or sold to the public or among elites. Example: "college education for everyone" sounds great, yet turns into debt enslavement for everyone while indoctrinating a large portion of students toward a state that increases centralization of power, even culturally.

[@sumthinfresh]

Comments saved me an hour, thank you.

[@10percentforthebigdementedguy]

Thank god this guy is not in charge. 😅

[@msims6054]

America has by far the highest tax compliance in the world. We just mismanage the funds.

[@Luap001]

We need to phase out entitlements for younger people, educate them on how to budget and invest, and let them keep more of their own money. Government is so corrupt and inept that it is hard to justify any rationale that would place more money in their hands. Remember the aphorism: No one gives you something for nothing. We used to use aphorisms to pass on wisdom from one generation to the next. Too bad we don’t do so anymore.

[@s0.0s]

Even better, cut social security benefits for the useless old farts!

[@tatagata6268]

Half of the talking heads predict terrible shortage of labor caused by demographics, the other half predicts millions of unemployed because of AI. I am puzzled. Around 1900 half of the workforce was busy producing food, today it is more like 2%. Cargo was moved by muscle power. This begs the question:Has every worker a useful job? How can twitter reduce its workforce by 80% and still function?

[@doctman123]

Let’s just give all our hard earned money to people that won’t look after it or appreciate it.

[@ew4593]

Perfectly said, "We lack the courage to change" too many big corporations that don't need things to change.

[@thomaskelly6472]

Good idea Adam! Charter schools! Let the parents take more responsibility as well. Also, more opportunity for people going to trade schools. Need business and labor working together.

[@willnitschke]

Yeah I'm sorry if you want everyone to pay even more taxes, there has to be compromises on both sides. Public waste has to be cleaned up. Public employees need to be held accountable. I.e., a school teacher has to be subject to performance KPI's and if they don't meet those standards for their students, they should lose their jobs. Public sector jobs need to pay no more than private sector equivalents and so on. Those on welfare who are not disabled also need to contribute some of their time to community services. Green's "analysis" is all one sided.

[@edcotterjr1926]

My wife and I paid into SS for 50 years+. We now get a check. I would support reasonable reform. Unfortunately I don't trust current management to do it fairly. That is the crux. For a politician to push for real reform would be like showing up in Congress nude. Career over, back to Spudville.

[@10percentflattaxoption]

Haven't seen Rick Scott in Congress nude. I don't think I want to. He is all about $$$ out of social security at the expense of all Americans, those that like you paid in, and those that are on the annuity.

[@randywhelchel4674]

You have paid in to the system and got less then market returns, reasonable reformers would be life in prions for politicians that are robbed that fund and confiscation of all their family wealth

[@shrkfmrdr]

You paid for a ponzi enslaving future children and I dont think anybody deserves returns from a ponzi

[@10percentflattaxoption]

@@randywhelchel4674 Well, as I posted before, such a fellow pleaded the 5th over 200 times and became a Florida senator. A likely candidate for "politicians that...robbed that fund...." as you state. He is definitely wanting that SS $ you and I have paid in over the decades.

[@cuchulainkailen]

Hmmm. Ironic. The Spudville Animal Control facilities is the only place where they might provide value. Maybe.

[@iorewp]

What the what!!!! I don't think we need higher taxes!!! I think we should start with term limits and accountability with our representatives. If their failed policies came out of their own pocket just as they come out of the American tax payers pocket would be a good start. I am not optimistic for our future as a productive nation, not because I am generally a pessimist but rather because our politicians have grown their power and wealth to a point that reducing it probably will not happen without force....just human nature. Just as it difficult to take away handouts to the general population so it will be with those in power. I have worked on government contracts and the waste is off the charts. Regarding eminent domain, Michael, where do you see a lack of available government owned land that can't be utilized for nuclear power plants? Love your show Adam!!!

[@Truthseeker-iz3dj]

Yeah, I was taking the interview seriously until he said that.

[@ptw7665]

The emphasis was on having those that don't pay their fair share of taxes, step up. It's not that the common man or middle class need to pay more taxes. It's getting the ultra wealthy to pay their fair share. That's what I took away from this conversation. The ultra wealthy have manipulated the rules to avoid paying their share to support the country that has made them rich. They are the ones that need to pay more taxes.

[@10317]

@@ptw7665I came away with the same thing

[@byronfuentes1281]

Hey if you worked hard and pulled ahead you want to punish success sound like bolshism

[@fazdoll]

We don't need term limits. We need better primary candidates and a voting populace engaged enough to vote the incumbents out.

[@slowridefpv9668]

My top changes would be: Term limits Campaign finance Insider trading External audits Get rid of all the corruption and we could likely cut tax’s.

[@Plumology]

Love the enthusiasm for nuclear power. I first studied SMRs in the early 2000s. The big leap forward from 1950’s technology to 1970’s technology. We’ve got enough weapons grade material, and we and the Japanese have a huge stock of recyclable waste, materials worth over a trillion dollars, to build thousands of SMRs. We need a proving ground and a recycling facility in North America.

[@CG-dd9tb]

SMRs are a joke. If you think they’re good you either don’t understand engineering or economics Nuclear has proven time and time and time again to not be economically viable once you account for the risk placed on society. Anyone advocating for nuclear reactors immediately exposes themselves as a fool on the topic of energy

[@a.c.m.4548]

Remember everyone, Mike Green is and always has been a statist. He believes that the state, which is run by people like you and me, is THE answer. Ignore everything he says regarding policy and sociology, but listen to most everything he says regarding markets.

[@FreeSpeech4All]

Lol!!! 😂 No, people like "you" and "me" are definitely NOT running the government. They don't let people like us get anywhere near the reins of power. 😂 But I agree with the rest of what you said. 😉

[@AB-wg7qe]

I love the concept of charter schools and I also love the guest’s curiosity about why they are successful and i want to help. My wife taught for five years at a highly successful charter in the heart of an inner city of a major Midwest city. The special sauce was the fact that the school picked the parents as much as the kids. If the parents didn’t help their kids get to school and do their homework they would be coached to do that. If the parents didn’t comply after multiple warnings, they were kicked out. It’s the PARENTS. it’s the PARENTS. It’s the PARENTS.

[@bobrogers5522]

People are tired of paying taxes for governments who seem to waste the money on things that the majority of its citizens to not agree with.

[@PamelaJust]

Do all of these folks shocked that someone suggests higher taxes realize where that 2017 cut went? It went to the one tenth of one percent, not the people listening to this podcast! Our tax system has been so bastardized that it’s sad. Eliminate current income tax, institute a better /fairer tax, probably based on consumption. Definitely eliminate nonprofit tax exemption- so much wrong with that you can’t even begin. Yes, much of government needs to be overhauled, scaled back and made useful again!

[@joycekoch5746]

The zoo staff is ageing out and leaving and this means the monkeys will be left to run the zoo.

[@stiebers821]

As someone who devours most of what Mike puts out there, I'm not surprised at his statement about raising taxes. I know he's stating that it would be geared toward much wealthier individuals, but I have to hear his deeper rationale because it just doesn't make sense in a high-level statement. The reasoning is that the first thought that comes to mind is ONE agency alone not being able to account for $2 trillion. Increasing taxes is meaningless in the face of that type of waste. I would love to hear Mike address these types of issues before recommending reaching into pockets or clarifying what he meant in case I am misinterpreting. Perhaps that would be more politically involved than he would care to be but it is tough to hear him make those recommendations with the blatant waste that occurs in broad daylight so to speak.

[@CG-dd9tb]

Paying your dues and fixing government waste are seperate issues, you don’t need to wait for one to fix the other. Remember - what isn’t collected in taxes gets borrowed and will need to be paid with taxes (plus interest) in the future

[@ats89117]

Nuclear plants take a tiny percentage of the land required by renewables. It's not clear why Michael Green focuses on eminent domain as what is holding back nuclear power...

[@rayharrington5147]

100%. Small Modular Reactors (SMRs) can be easily placed on the outskirts of almost any small city or town.

[@robertfernstrom8558]

Exactly. Eminent domain is an issue for renewables, not nuclear. Does this guy know anything about energy?

[@alansassler7693]

@@jasonk125 Not true. It actually depends when the nuclear plant was built. I get my power from the St. Lucie Nuclear Power Plant which was commissioned in 1976. The cost of my electricity is much lower than the national average at 6.160 cents/kWh for < 1000 kWh and 7.222 cents /kWh for > 1000 kWh with an additional half cent for ancillary charges and an additional half cent for fuel. Once built, nuclear plants are more cost effective than any alternative except hydro. The problem with nuclear power in the US is that it is very susceptible to legal challenges which can delay the commissioning date by many years, adding billions to the cost. After the plants are built, their cost of operation is very low compared with most alternatives, with nuclear fuel costs typically accounting for approximately 10% compared with more than 50% for natural gas generation.

[@CG-dd9tb]

You can’t build a nuclear power plant in a city You can’t build a nuclear power plant near fault lines And so on and so on The land on which a plant can be built is limited and most of that is privately owned

[@endwar16]

Solutions to our problems should not be done by force. This guy is a big government authoritarian. A better solution is reducing corruption by eliminating lobbyists and breaking up mega corporations. Create real competition among smaller companies which will be more productive and efficient. Enforcing existing laws and implementing term limits etc is far more palatable than a totalitarian centralized authority that will ultimately be corrupted by its very nature(which is what we have now)

[@bpb5541]

Well said. Coporations own our politicians. No way should they be allowed to give money to them for any reason. Ever. It invokes the "law of resiproicty" ... which can be used for evil purposes. In our case the stealing from the middle and poor classes.

[@10317]

End war I agree with you 100% but congress will never go for term limits because they are addicted to power, Soooooo vote , get your family and friends to vote and use your vote to get the incumbent out.

[@endwar16]

You are correct and I will! It’s all about power and the money from corruption and insider trading is just a bonus. At the end of the day, politicians and CEO’s are just sell outs that enjoy the illusion of power but we are an oligarchy controlled by billionaires.

[@LuckyJojo-yb9vt]

Put the entire system straight before making adjustments to taxes. Acknowledge and tackle the root causes, else still be kicking the can with all sorts of solutions that only work in a well functioning society.

[@haldriver1378]

I strongly disagree with sending more taxes to our thoroughly irresponsible government. I do hold some Simplify HIGH etf, and so far, it's doing better than my Tbills returns. We'll see if it continues.

[@WeekendsOutsideFL]

Big government, small government, point is… skyrocketing wealth gap. Gotta solve it… and what we are doing now ain’t making that happen. We have BOTH the issue of wasteful spending AND inadequate taxes… like someone said they’re not talking about taking your “hard earned income” they’re talking about taxing astronomical passive wealth. Because today that shit is being sucked directly from the hands of everyday people into the hands of a few on top and it’s going to result in millions of people dying on the streets.

[@tactileslut]

I appreciate that someone who comes across as competent and articulate took the time to say what a waste of time the employment development division (unemployment insurance) is for the typical potential recipient. It pays poorly, takes a long time to do anything, has a tendency toward rejecting applicants and winds up a very poor use of time for someone who needs money. Yes, Uber is a better option if you have a new enough car. Retail arbitrage between the clearance bin and the eBay account beats UI. I can make more wiping grime off gas pumps than submitting the endless slew of inappropriate applications the government's outdated process requires, doing something useful and avoiding knocking my future SSA benefits back to minimum in the process.

[@graemebushell7531]

I've wondered for a while if we might be better without any income tax at all, and tax the living heck out of consumption - with something like low or no tax on basics and an exponentially increasing tax rate toward the luxury end. Avoid all the problems with tax minimisation schemes - family trusts etc.

[@CG-dd9tb]

It’s faaar more efficient but hurts low income earners. You can do it so long as you provide additional income support to the poor

[@graemebushell7531]

@@CG-dd9tb that may be needed, and is also why I'm suggesting the punitively increasing tax rate for goods at the higher end of the price spectrum. Take cars for example. You might have something like a 5% tax rate on vehicles in the lowest quintile, and 100% in the highest quintile.

[@10317]

President Roosevelt saw how retired elderly lived and was so bothered by it that he created social security. It’s supposed to be for retired citizens. But politicians pandering for votes have expanded it to cover more than what it was originally meant for. I’m a boomer and I saw family members, and I saw fellow workers sign up for disability even though they were capable of working. Now that boomers are retiring, everyone all of a sudden are mad at us. Why?! I worked my ass off as a baker for 45 years. That’s hard physical work. Yes Social Security needs to be fixed. But don’t attack people who worked hard and paid their dues. Social security is stretched too far and is doing more than it was meant for. You can blame congress but not the electricians, plumbers, mill workers, miners, secretaries, grocery store employees, bakers….

[@BatteryPark2024]

Taxes and government are never the solution. Not impressed.

[@bearcamping600]

I am really impressed with Mike because he is one of the rare people who are thinking about how to fix the system, rather than just how do I extract my share from a system that is obviously not sustainable.

[@johnroberts7797]

Adam, more economics and finance and less wealth inequality and socialism! You are losing people!

[@pwatom22]

The answer is through gov't. I would start with: 1) The housing problem - housing is a limited resource that is being comoditisized and turned into profit center for solely selfish self interested big business. Start by massively taxing house sales that are not for primary residence. This will help normalize the supply and demand balance and reduce the cost of housing. 2) banking regulations - clean up the financial services industry to remove the instability that derivatives and other unproductive risky financial products create. Normalization will be painful but is the only way we will be able to restore a somewhat sustainable and stable social and economic system going forward.

[@jeffklugman9757]

nuclear can be sited at current power generation sites - the transmission infrastructure is already there.

[@CG-dd9tb]

No it can’t. The technologies and support systems are completely different. All you see is steam cloud and power lines. There’s a little more to it. Stick to what you know

[@donbrutcher4501]

Photovoltaics now produce electricity for under $0.04 per Kilowatt Hour and the costs don't increase with time. No nuke technology can come anywhere near that, present or future costs.

[@bpb5541]

Agree but what we need is a storage solution. Battery tech is not there yet... it is getting there but we are probably about 5 to 7 years away. I can't wait for it to get there. I pay the highest electricity in the country to include Alaska and Hawaii. Why... greed. I can't wait to fire my electric company. I hate them.

[@taylorkaplan2614]

This guy should pay his fair share for 100% of everything he makes, then he can tell us how happy he is to still work.

[@stevetyks]

I've listened to this guy with interest in the past. I will pass on the rest of this one and any others I see on TM. In investing there is a term: "What is the sunk cost fallacy? The sunk cost fallacy is our tendency to continue with an endeavor we've invested money, effort, or time into-even if the current costs outweigh the benefits. And while the term sounds like technical jargon, it's a common decision-making pitfall in both life and business." Green is advocating Sunk Cost Fallacy in my opinion though he gets appreciation for good intentions.

[@kelvinreins6290]

This guys argument is flawed. He's not blaming the mismanagement of those in government that taxes have been paid to. The more I listen to this guy, the more socialist he sounds. We no longer have a free market system. I can't take him...I clicking out.

[@dwalsh5925]

The minute anyone you’re listening to hesitates on the answer of is government better at managing whatever program you’re talking about in private sector it’s time to tune out

[@brucehecht4984]

Agree 100%. This is socialism. Bits of his arguments make since, but collections aren’t the issue. Government spending is the most wasteful and inefficient.

[@bpb5541]

I am pro capilisim. But we have not had capitalism in the USA for a long time. What we have had stealing from the middle and poor class to make the rich richer. The rich own 90% of the money but they get the biggest tax breaks. Trump helped with that in case you were wondering. Humans are easily corruptable this is why NO MATTER WHAT capitalism ALWAYS turns into socialism. This is why Jefferson warned us about central banks. But it takes a educated and knowledgeable populace to root out evils. Americans ban and burn books because we are stupid. Folks need to put down their phones and internet addictions and pick up a freakin book and understand what is really going on. But who am I kidding that is never going to happen. So we are going to get what we deserve now and no matter which way we go its going to be bad. America is a shadow of its former self and greed is the cause of that.

[@michaelzigler7054]

Solid discussion. We all know the problems currently in America. We all need to stand up and agree on some of these hard issues. Growing wealth gaps, bloated and increasing size of Federal government, education, borders, and poor fiscal management skills of our Congress.

[@vermeerrecpt9290]

So, this guest says because I am an older American, and worked hard all my life, and incidentally paid into the Social Security System for forty plus years, and am now preparing to collect Social Security, that I am selfish? The guest is also suggesting that I did not create what I have, therefore I not entitled to benefit from the results of my labor, unless I help the less fortunate? Where did this guy come from? The former Soviet bloc?

[@charlesbrown9213]

Yes, the guest is out to "get you" personally... not. Please don't be such a narcissist.

[@rubicon3416]

​@@charlesbrown9213- Ok, comrade. How much additional will you be contributing to the greater good?

[@vermeerrecpt9290]

His words, not mine.@@charlesbrown9213

[@rafaelmelitonrodriguezmigl7509]

Problem is: you trusted your retirement fund to the “Mob”

[@vermeerrecpt9290]

Only a small part of it thank you.@@rafaelmelitonrodriguezmigl7509

[@spotsonadog]

this is interesting and I too will listen to the whole thing. ,,,,this makes me think "what can we do and ...what can I do " and that's the whole point...

[@judithgervais2566]

RFK Jr has some excellent plans to end corruption among our Federal agencies. He's litigated the EPA and the FDA for not doing their jobs effectively. He doesn't have all the answers but he has the integrity and the intelligence to ask the relevant questions and the courage to confront the entities that need to be challenged.

[@10317]

Yes he does have integrity and I can’t for the life of me understand why the Democrats have turned their backs on him.

[@RobWilliams007]

Yes Adam - need a show on Royalties and how to buy them. On Crowd Funding ventures and how taxes and conversion to preferred or common stock works, etc.

[@jj3682]

Adam- you mentioned an apptitude test your daughter took to help with career paths. Can you suggest reputable tests we can pay for at home? Our son took a free test at school and it suggested things like anthropology and teaching, none of which he is interested in. He excels at math and science and no stem career fields were suggested. I'd like him to try a better test if they exist. Thank you!

[@tomwhiteleather3761]

I listened to the entire thing and he sounds like a bigger government solution to a big government problem. He is out of his ever loving mind.

[@FreeSpeech4All]

Absolutely 💯% correct.

[@1SmallDaddy]

Fascinating outlook on our society. Thanks for the fresh ideas.

[@rudehost]

Thanks for wasting my time and making a video that was allegedly about passive flows into a mindless rant in favor of massive government. Downvoted and unsubscribed. I’ll go back to wealtheon thanks.

[@garyjones3142]

Totally agree !

[@FreeSpeech4All]

Wow, harsh to unsub, but the criticism is valid.

[@rd9102]

Fantastic interview, love seeing this guys thoughts and views on what's going on.

[@seryan132]

Mr. Green, I admire your intellect. However, it is impossible to "clone" your charter school across the country. In the 1960's the government commissioned the Coleman Report to figure out what makes a "good school." Only one factor was found: the involvement of the parents of the kids who go to that school. Your donations help provide a haven for involved parents to educate their children. That doesn't scale.

[@tatersquad2000]

Mike arguing in favor of the government confiscating private property turned my stomach. Most of his principles seem to revolve around "for the greater good", which is the rallying cry of oppression.

[@ricklange7465]

SMRs can be built on 10 acres, including the emergency population zone. He has no clue and suggests using eminent domain to seize land. Green is clueless

[@denniswright5611]

One of the most far-reaching programs you have done in some time. Happy to hear that someone of his caliber is thinking about many of our social ills and offering ideas that may mitigate many of them. At least he's thinking about solutions. We've got too many elites and only they have the resources to solve many of the problems we see. They'll either become part of the solution or they won't survive long run, IMO. His thoughts on taxes are part of the solution. Old fashioned conservative thoughts on balanced budgets, etc. offer nothing in the way of solutions. Let's hope he can affect many more of his peers to begin thinking about solutions to society's problems instead of only magnifying their own wealth. Thanks for having him on!

[@scottiswatchingtele]

His solution is old fashioned liberal: tax the successful & those who prepared & coddle those who did not. When illegals & refugees draw down social security, this bozo believes it’s our obligation to accept it. Nonsense. That system is not welfare, but it will be when the boomers find out government took the money and gave it away

[@jerrysteffy7900]

Unfortunately, the answer to so many issues Green raises does mean that those with significant wealth and assets must pay a fair share of taxes. We are all aware of how collectively this high-income group works with a battery of accountants and tax lawyers every year to create strategies against the complex tax code to reduce their payments. The tax code and its volumes of content needs to be made simpler and direct ASAP. The reason this does not get done, and made more fair, is due to the affluent class in government who also tends to receive political donations from this segment of society. They are resisting doing what is right. No one likes paying taxes. But if the tax codes are not addressed soon then deficits and important support programs will be in more trouble in the next 5-10 years

[@calvinhancock7844]

Higher taxes so Government can waste more ! How about a balanced budget , give them more and they simply waste more, NO MORE !

[@Erikpdx]

Govt may not be perfect, but neither is growing inequality, especially as we automate more jobs. Balanced budget had nothing to do with it.

[@calvinhancock7844]

The growing inequality gap is a direct result of corruption and greed with Politicians being the perpetrators and without restraints on spending these perpetrators will become only more emboldened , the faster the money printers run the greater the inequality gap will become.

[@mineralmedia888]

Very useful points of view even when or where I don't agree. Great interview.

[@jshawnmobile1]

One huge subject omission would be the open border. Not suppressing that wage suppression and added demand for resources are outside the awareness of two guys who live far above the fray. I live in a neighborhood now filled with cartel flophouses. Wages are suppressed. Costs are constantly rising. Crime? But hey life inside the gated communities is good!

[@DrBlood-cq2cm]

“We have a problem with tax collection and not spending”. There must be something in CAs water that makes rich people want to give away other peoples $. See ya Adam.

[@jetstream3528]

War machine spending seems out of control.....and insider trading doesn't help but only the few

[@nadruik9890]

People up in arms over tax comment but Michael is pointing out a major issue. To much money has siphoned to the top where it isn’t spent like an average worker would have to. The government needs some way to tap into this and “hopefully” use it to pay down the deficit and maybe refund things like SS that were completely drained by the end of Clinton’s presidency. One thing I would point out about the an elite has to stand up to lead it…I’m not a fanboy but the 1 person to do anything like this has been Elon with the drop in car prices as everyone has raged against him because it caused a decline in their vehicles value. I really think he is the only mega wealthy that will try to help while others such as bezos buys up our shelter and gates buys up our farmland. Honestly if we spent the money to add technology to the school system we could likely do away with the college system almost entirely besides for higher master/doctorate level. However colleges have far to much money to ever allow this to happen. Instead they will invest $4 billion into blackrock like USC while charging 80k/yr tuition

[@IT_Farhan]

For most of my adult life I’ve been a Ron Paul libertarian, I have a picture with him too. I am all for cutting all the wasteful government departments. But one thing I just wish - that we could have a lot of REAL infrastructure investment. Our airports are outdated, highways and roads are potholed and inadequate, water quality sucks, energy grid is maxed, police presence is too low in the cities, buses and public transit is non existent or decaying. I can no longer have that much pride to say I live in the US. We are being outclassed by so many emerging countries now, especially in Asia. It’s like the US froze in time since the year 2000 and nothing got better since…

[@ScottRuark-q8x]

If you seized all the wealth of the richest 10 Americans you still don’t put a dent in the debt

[@handyrams4822]

Why did you have to ask Mike what he would do if he was king? I can his respect his views on analyzing the markets, but It's amazing to me how some educated people can be so stupid in regards to drinking the kool-aid when it comes to politics.

[@DrBlood-cq2cm]

He’s a rich guy from CA. What did you expect? I think its a viral illness that can only exist in that state.

[@jimmygigga6819]

Nobody in the crypto industry claims that there should be no laws about money laundering. That was an ignorant assertion.

[@mattanderson6672]

Brilliant interview!! Thank you so much guys!!

[@blkirish88]

Yes on the income producing assets show idea

[@chuckhutchinson8777]

Definitely would love to see a video about securities that generate income and how to make the right decision about selecting them- growth, p/e, etc

[@SusanKallal-p5c]

I disagree with this guest also. Small businesses being squeezed or shut down due to 20 dollar min wages...that not pennies on the dollar. I own a small business and it's gotten more and more difficult to exist and I get paid less and less and have no pension. I'm an MD, immigrated from Canada with my shirt on my back. Regulations have shut down most independent practices.

[@Reflect50]

Fantastic interview. Mike ‘s brilliance was brightly shining today!!! Thank you so much !

[@DanielGarcia-t2y]

Yes please Adam, hold an interview on INCOME GENERATING ASSETS

[@calebsaruk3527]

This guy is so pro government. In a society where your vote is equal (and immigration is from countries where the people do not share your views) your vote and values become diluted the more immigration occurs. The only way to stop this is to make law that new citizens must adopt your values if they wish to live in your society. How can the laws (new laws) be something which should be followed if those same laws lead to the destruction of your society’s historical way of life in favor of the new way. This is a hilariously hypocritical stance for him to take.

[@garyjones3142]

I like you're thinking on this whole immigration debacle !

[@jimbopeebles8210]

What views do you purport to not share with immigrants into this nation?

[@RichardSKLim]

Increase the budget for education. Cut wasteful spending.

[@TheDeccie]

I really enjoy the diversity of thought from Adam’s guests, but what turnip truck did this guy fall from? Government not spending too much, means test SS to give it to others who haven’t paid anything in, massively increase taxes, government health care, and on and on. Is this a joke? My single parent daughter with 4 kids works 2 full time jobs to get above water. She could have just taken the easy way out on welfare but CHOOSES to fight hard rather than let others pay her way.

[@FredJones-lo2df]

De fat sits in Washington Distric of Swindlers, we ben robbed since 1933.its terminal.

[@alankrodel5564]

1:10:37 please discuss fixed income.

[@clarklowe5632]

I would disagree with the tax rates don't need to be increased long term capital gains rates need to be treated just like regular income. Also get rid of stepped up basis on investments that are passed down. These are previsions where 95% of the benefit comes from the top 0.5%. These two items help build and maintain the wealth of the top 0.1% and help create the giant wealth divide. They make it so the people who work for their money pay a higher rate than those who have money work for them, (or can manipulate compensation packets that it looks like the money works for them).

[@originalfred66]

Maybe ALL income should just be income taxed at the same rate.

[@AdeleTrebil]

Yes, please do one or more segments on "fixed income". Thank you.

[@pejdaddy3]

Sorry I don’t agree or like the views of this speaker. Abort viewing this video and going to a different channel.

[@FreeSpeech4All]

Good call. Listening to Mike will make you dumber.

[@williamstoker8027]

Don’t reward lazy people. The pilgrims tried this. They starved in the winter I’m not a fan of it.

[@subsidiarity8839]

I'm very disappointed to hear that Michael Green us such a big government social spending advocate, given tat the results of those policies have been so remarkably poor .

[@FreeSpeech4All]

Sure they were terrible when we tried them on a small scale, but if we just do the same things on a LARGER scale, they're bound to work!! 😂

[@ceegee4875]

0:25 they’re going to propose tying millennial and gen z social security funds to the S&P 500. Similar to how they shafted millennials by taking away pensions and replacing it with a 401k. Millennial social security checks will be dependent on the performance of the S&P 500. As opposed to the boomers who get a guaranteed check regardless of how the stonk market performs

[@daniellborson]

I agree with most of what Mr. Green says, but I disagree with his assertion that we need to keep increasing consumption (especially of energy) in order to maintain economic growth. The planet cannot sustain infinite growth in the consumption of resources. Our economic growth must come from increasing innovation - using what precious resources we have more efficiently, wisely and sustainably. Nuclear power is an expensive boondoggle that has enormous environmental and economic impacts.

[@kingcountyband]

"Stop! That's not that water." 🤣😂😅 I mean that is Mike Green in a nutshell. Beyond intelligent, sharp as a razor blade, and funny as hell.

[@alecvandeleest]

@ 13:30 1985 we started the debt spending spiral. Thats your economic expansion. Very narrow observation. Adam your guests are becoming detached from reality.

[@FreeSpeech4All]

Truth.

[@ivjg2233]

Reverse tax cut. Have you seen lately where our tax money are going? It is a brilliant plan. Take more money from hard working people that are barely making, and use the money to sponsor imitation, pay for their stay, pay for their school, and then make commitments such as "there are too many college degree workers". Unemployment has gone up.

[@sglaser001]

I was shocked when Mike said we have a government revenue collection problem; not a spending problem. I agree with spending more on youth than elderly, but cutting majority of bureaucracy and entitlement should be first step.

[@jimbopeebles8210]

You’re suggesting cutting Social Security and Medicare/Medicaid? That’s about 60% of the budget and 90% of entitlements. I mean we’ve known that this would be the case for decades.

[@uploadtime1780]

I appreciate a diverse thought and will finish the interview. However, if someone is less responsible with their same income, why on earth would those more responsible need to give up more.. and therefore end with less overall.. when in fact they were the ones working through their youth and acting responsibily by building families and businesses. Crazy.. if that's the case, no one will try to succeed..