we re number two in competitiveness behind singapore because we have more transparency. we have law that s work, less regulation, and by and large this is seen as a friendly place to do business. but quite literally it is crumbling. yeah, and by the way the train that claudia was on looked good. it s always about the bottom line. that s what they re fighting about in congress right now. trying to come up with a number and once they have the number what will it cover. have you had conversations with folks about how much it would cost to fix all of this? to make it arguably more competitive? the total picture, according to the nation s civil engineers $2.6 trillion. if the country doesn t spend that kind of money the engineers warn we will start falling behind and lose $10 trillion in competitiveness, international business, and potentially millions of jobs. everyone agrees it needs to be done.
MSNBC PoliticsNation May 10, 2020 21:31:15
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27.5%, all the way up here. she would effectively add 50% to the size of the federal government relative to the size of the economy. every dollar that passes through the economy, 27 cents of it would then pass through the federal government. so it s a transformation of the federal government unlike anything even fdr contemplated. now let s turn to how she would pay for it, because to her credit she put out a lot of detailed plans for every penny of it. the problem is the numbers don t quite work. so what she s talking about are corporate taxes of about $12.6 trillion. that essentially relieves companies of the burden of healthcare, we can debate some aspects of it, whatever. then she s got her famous wealth tax and taxes on rich point, 4.4 trillion. she would effectively, this is another set of math, she would effectively tax billionaires at over 100% of their investment income to pay for this the but,