617: How Can We Fix Our BROKEN Economic System? - Laurence Kotlikoff

Jason Hartman invites Laurence Kotlikoff, Professor of Economics and NY Times Best Selling author of Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, to the show today. Are the United States' long term fiscal problems solvable? How HIGH would federal taxes have to increase to pay for our spending? Could we fix the system with healthcare reform? What will be the economic consequences of Russia's war with Ukraine? Jason Hartman and Laurence Kotlikoff discuss the outlook for the future and much more, including unfunded mandates, debt vs. GDP, tax hikes, why NOT to borrow to pay for college and what to do in times of economic uncertainty. Key Takeaways: 1:00 Welcome Laurence Kotlikoff, Professor of Economics and NY Times best-selling author 1:57 What are unfunded mandates? 3:09 Official and unofficial liabilities 3:42 Debt vs GDP 5:35 We need a sizable tax hike to fund social security benefits 8:27 Tax brackets and government benefit programs 10:03 Could we fix the system with healthcare reform? 13:30 Money printing puts pressure on prices 17:05 Kotlikoff on inflation and hyperinflation 20:03 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy? 21:31 The humanitarian and economic consequences of war 24:07 Stock market risk 25:08 Tips from Kotlikoff's new book: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life 26:18 Don't borrow for college: it's a scam 29:16 Strategies to protect yourself in times of uncertainty 31:08 Find Laurence at Kotlikoff.net 31:26 Final thoughts on Russia/Ukraine conflict 32:35 Government borrowing rates   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel