Posts Tagged ‘trillion’

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Leroy Hood: Healthcare Dollars

Posted by admin on Monday, January 15, 2024

Meaning of Leroy Hood Money Quote: saying The most healthcare dollars are spent on keeping those with chronic disease alive. Leroy Hood said:

 
More than 86 percent of total healthcare dollars are spent on chronic disease in the United States, where $1 out of every $5 spent is on healthcare Quote
 

“More than 86 percent of total healthcare dollars are spent on chronic disease in the United States, where $1 out of every $5 spent is on healthcare. That’s $4 trillion” — Leroy Hood

 

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In this quote, Leroy Hood is providing some statistics about healthcare spending in the United States. He states that more than 86% of total healthcare dollars spent in the US go towards chronic diseases.

He also notes that out of every $5 spent in the US, $1 of that is spent on healthcare. And together, those healthcare costs related to chronic diseases total $4 trillion.

So in summary, Hood is highlighting how an enormous portion of US healthcare spending – the majority of it – goes towards treating chronic diseases, demonstrating the huge financial impact and burden that chronic conditions place on the healthcare system.

 

Elizabeth Warren: On Student Loans

Posted by admin on Thursday, November 2, 2023

Meaning of Elizabeth Warren Money Quote: saying 40 million people have taken student loans they need to figure out how to repay over one and a half trillion dollars. Elizabeth Warren said:
 
Forty million people are trying to figure out how to pay off a combined $1.4 trillion in student loan debt Quote

 

“Forty million people are trying to figure out how to pay off a combined $1.4 trillion in student loan debt” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is highlighting the large amount of student loan debt held by Americans. She notes that 40 million people collectively owe $1.4 trillion in student loans. Warren appears to be drawing attention to the scale of the student debt crisis and the difficulty that many face in repaying these loans.

Her statement recognizes the challenge faced by millions of individuals who have taken on significant debt to pay for their education and are struggling to pay it back.

Joe Biden: Student Loan Debt

Posted by admin on Friday, August 26, 2022

Meaning of Joe Biden Money Quote: saying student loan debt relief requires no apology when Republicans gave wealthiest Americans a $2 trillion tax cut. Joe Biden said:
 
voted for a $2 trillion tax cut that mainly benefitted the wealthiest Americans and the biggest corporations Quote
 

“I will never apologize for helping Americans — working Americans and middle class, especially not to the same folks who voted for a $2 trillion tax cut that mainly benefitted the wealthiest Americans and the biggest corporations” — Joe Biden

 

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Joe Biden said he would never apologize for helping Americans with student loan debt relief because Republicans had passed a large tax cut that mainly benefited wealthy Americans and corporations. Biden was referring to the $2 trillion tax cut passed under President Trump in 2017.

Biden believes providing relief for student loan debt helps middle-class and working-class Americans, so he does not think he needs to apologize for that, especially when the Republican tax cuts were much larger and focused more on the wealthy.

Dan Price: Pandemic Billionaires

Posted by admin on Wednesday, September 29, 2021

Dan Price Money Quote saying Hundred Billionaires have increased tenfold since the start of the pandemic, together they are worth $1.4 trillion. Dan Price said:
 
10 people were worth $650 billion. Now they are worth $1.4 trillion. And the Senate avoid taxing them at all Quote
 

“Before the pandemic, there was 1 person worth $100 billion. Now there are 10. Before the pandemic, those 10 people were worth $650 billion. Now they are worth $1.4 trillion. And the Senate is ready to shut down the government and deny vital services to avoid taxing them at all” — Dan Price

 

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Dan Price is pointing out that economic inequality has increased significantly during the pandemic. He notes that before the pandemic there was one person worth over $100 billion, but now there are 10 people worth that much. Additionally, the total wealth of those very wealthy individuals has more than doubled, from $650 billion to $1.4 trillion, while many others have struggled financially.

By mentioning that the Senate is unwilling to raise taxes on these wealthy individuals, even if it means denying government services, he is criticizing politicians for protecting the ultra-rich rather than average citizens who have been hurt by the pandemic. In summary, Price is highlighting how the pandemic has exacerbated the wealth gap and criticizing the political system for prioritizing the interests of billionaires over regular Americans.

Charles Evans: Trillions Net Worth

Posted by admin on Sunday, September 19, 2021

Charles L. Evans Money Quote saying American citizens lost over eleven trillion dollars in net worth during the great recession of 2008. Charles L. Evans said:
 
From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses Quote“From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses” — Charles L. Evans

 

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In this quote, Charles L. Evans seems to be highlighting the massive loss of household and business wealth in the United States during the Great Recession. Specifically:

  • Evans notes that from the peak of the real estate bubble and stock market in 2007 to the nadir in 2009, Americans collectively lost $11 trillion in total net worth.
  • He appears to be providing this figure to emphasize the scale of the deleveraging and drop in asset prices that occurred across households and corporations as the financial crisis unfolded.
  • Evans seems to want to underscore just how substantial the hit was to the aggregate balance sheets of individuals and businesses in the U.S. over this period encompassing the recession’s onset and immediate aftermath.

The best interpretation is that Evans is conveying the immense economic damage inflicted during the crisis years through the lens of the staggering $11 trillion reduction in Americans’ combined net worth that took place between 2007-2009 according to his perspective on quantifying the recession’s impact through this metric of total household and commercial wealth erosion.

Elizabeth Warren: 3% Wealth Tax

Posted by admin on Monday, March 1, 2021

Elizabeth Warren Money Quote saying introduced a bill in Congress to tax the wealthy a few pennies per dollar of wealth to finance President Biden’s Infrastructure plan. Elizabeth Warren said:
 
The Wealth Tax is a two-cent per dollar tax on people with a net worth above $50 million – and a few cents more for the billionaires Quote
 

“The #WealthTax is a two-cent per dollar tax on people with a net worth above $50 million – and a few cents more for the billionaires. This small tax would generate at least $3 trillion to help fund bold reforms in President Biden’s #BuildBackBetter agenda” — Elizabeth Warren

 

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In this quote, Elizabeth Warren is explaining her proposed “wealth tax.” She notes that it would be a tax of two cents per dollar on individuals with a net worth over $50 million, and slightly higher for billionaires. Warren claims that this small tax on the very wealthy would generate at least $3 trillion in revenue.

She proposes using this revenue to help fund President Biden’s domestic agenda, known as “Build Back Better.” Overall, Warren is advocating for her wealth tax plan as a way to tax the rich and use the funds to pay for reforms and initiatives that will benefit the broader American public.

 

Michael Osterholm: Trillion $ Query

Posted by admin on Monday, May 11, 2020

Dr. Michael Osterholm Money Quote saying the very most critical question we have is how easily does the coronavirus bug infect people?. Dr. Michael Osterholm said:
 
The question is what does it take for you to get infected [with coronavirus]? And that I think is the trillion-dollar question we have Quote
 

“The question is what does it take for you to get infected [with coronavirus]? And that I think is the trillion-dollar question we have” — Dr. Michael Osterholm

 

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In this quote, Dr. Michael Osterholm seems to be emphasizing how little is still understood about what specifically enables the novel coronavirus to spread effectively from one person to another. By stating that the key question is “what does it take for you to get infected” with COVID-19, and describing this as “the trillion-dollar question”, Osterholm implies there is immense value in definitively answering this question, yet current scientific knowledge remains limited.

His reference to the question’s immense worth suggests the high costs, in terms of lives and economic impacts, of not having clarity around transmission dynamics. Overall, the quote portrays Osterholm’s perspective that more research is urgently needed to discern the precise conditions and behaviors that facilitate contracting the virus, which could help curb its spread through targeted risk reduction measures.

 

To get a face mask click the image below:
No American is going to say how much a life is worth

 

Robert Reich: Trump Tax Shafted

Posted by admin on Saturday, March 7, 2020


 
The [Trump] tax cut cost approximately  trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that  trillion has been added to the national debt, which continues to balloon. It's now over 3 trillion dollars Quote
 

“The [Trump] tax cut cost approximately $2 trillion dollars in lower taxes paid by corporations and wealthy Americans. Revenue did not increase to cover it. Instead, that $2 trillion has been added to the national debt, which continues to balloon. It’s now over $23 trillion dollars” — Robert Reich

 

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In this quote, Robert Reich is criticizing the impact of the Trump tax cuts passed in 2017.

He notes that the tax cuts resulted in about $2 trillion in lost tax revenue since corporations and wealthy Americans paid that much less in taxes. However, contrary to promises, overall tax revenue did not increase to make up for this loss. Instead, the $2 trillion was added to the national debt.

Reich points out the debt has now ballooned over $23 trillion as a result. He appears to be arguing that the tax cuts failed to pay for themselves as projected and significantly increased the government’s debt burden rather than boosting the economy as promised.

Reich views this outcome as evidence that the tax cuts did not achieve their stated goals and have negatively impacted the national debt.

They said the [Trump] tax cut would raise wages and most workers would get an immediate ,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over  Million dollars Quote
 

“They said the [Trump] tax cut would raise wages and most workers would get an immediate $4,000 pay increase. More baloney. Most workers got practically nothing. Instead, corporate profits have gone to the top: to CEOs, who last year got an average pay increase of over $1 Million dollars” — Robert Reich

 

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In this quote, Robert Reich is criticizing how the Trump tax cuts did not deliver on promises to significantly raise wages for most workers. He notes that while the tax cuts were touted as leading to an immediate $4,000 pay increase for workers, in reality most workers saw practically no benefit.

Instead, Reich argues that corporate tax savings from the cuts went towards higher profits and compensation for CEOs, whose pay increased on average by over $1 million.

By pointing out this disparity between what was pledged for ordinary workers versus what top executives received, Reich aims to show the tax cuts did little for average Americans while greatly enriching those already at the top.

Overall, he views the quote as evidence that the tax plan failed to “trickle down” the way was promised by its proponents.

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