Today- the consequences of the Trump tax cut on all of us, and especially the millionaires that pay much lower taxes than people who work. And- a deep dive on Fredrick Douglass, and the subtle consequences of America's ugly racial history.
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 15 April 2019
⏱️ 62 minutes
🧾️ Download transcript
Summary
Has the Trump tax cut led corporations to raise wages and lower prices? The answer may not surprise you. And, Morris Pearl, leader of the group 'Patriotic Millionaires' and former managing director of Black Rock Inc shares his thoughts on true American patriotism. ----- Thom debates libertarian thinker Charles Sauer on the fairness or lack thereof of the current American tax system- and how is the economy affected? ----- Author, professor, and historian David W. Blight joins Thom to discuss American slavery, Frederick Douglass and the hope and discouragement of unfulfilled promises during Reconstruction. ----- Thom reads from 'Fredrick Douglass: Prophet of Freedom' by Morris Pearl. ----- Why is that mostly white areas are responsible for most of the pollution that causes ill-health and even death mainly in mostly non-white areas? And Jake in Las Vegas wonders if the 1790s founding fathers would have joined the 1860s confederacy. ----- Thom reads from 'Reconstructing the Gospel: Finding Freedom from Slaveholder Religion' by Jonathon Wilson Hartgrove
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Transcript
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| 0:00.0 | This is the Tom Hartman program. |
| 0:15.0 | And welcome back, Tom Hartman here with you. |
| 0:18.0 | The big pharma company has saved $7 billion last year from Trump's tax law the |
| 0:25.2 | GOP tax scam and Pfizer has announced that they're raising prices on |
| 0:30.5 | 41 other prescription drugs Johnson and Johnson raised prices on two dozen prescription drugs. |
| 0:35.8 | Merck said it's raising prices on five of its prescription drugs. |
| 0:39.8 | Trump said, I actually called the heads of Pfizer and |
| 0:42.8 | of others. I said, you can't do that, you can't raise your prices. |
| 0:45.4 | You know what they did? They brought them down. They didn't raise them. |
| 0:47.6 | No, sorry, they lied to you. Or you lied to us. |
| 0:50.6 | So we've got that and we've got this weird notion that shareholders should be the only ones |
| 0:55.2 | who get any benefit from a corporation. |
| 0:57.2 | Prior to the 1970s, it was understood that corporations had multiple stakeholders basically. |
| 1:03.3 | You had the community in which the corporation existed, you had the employees. |
| 1:06.6 | It used to be bad news when corporations laid off people. |
| 1:09.3 | It used to be considered a bad sign. |
| 1:10.9 | Their stock would go down now. |
| 1:12.3 | Now it goes up. You now it goes up you had the |
| 1:13.5 | employees you had the customers you had the institution of the corporation |
| 1:17.2 | itself you had the the people who work within the corporation and of course you |
| 1:22.1 | had the shareholders these were all |
| 1:23.5 | the stakeholders in a corporation and then in the late 70s Milton Friedman wrote |
... |
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