Congressman Ro Khanna distinguishes between the government shutdown (caused by disputes over healthcare premiums) and the congressional shutdown, which he alleges is a maneuver by leadership to avoid a vote on releasing the Epstein files and other politically sensitive issues.
A paradoxical market reality is that sectors with heavy government involvement, like healthcare and education, experience skyrocketing costs. In contrast, less-regulated, technology-driven sectors see prices consistently fall, suggesting a correlation between intervention and price inflation.
Congressman Ro Khanna proposes a tax on the total net worth of individuals with over $100 million. Unlike an income or capital gains tax, this targets unrealized wealth, forcing the liquidation of assets like stocks to generate the cash needed to pay the tax.
Congressman Ro Khanna argues that not all deficit spending is equal. Spending on programs like healthcare and education can be justified as 'productive investments' if their long-term rate of return for society is higher than the initial cost, distinguishing them from non-productive spending.
The core problem for the middle class is a direct chain reaction: national debt leads to money printing (inflation), which forces people to own assets to preserve wealth. Since only 10% of Americans own 93% of assets, the rest are left behind with devalued cash and stagnant wages.
The debate over government's size can be framed using political philosophy. 'Negative freedom' is freedom *from* state interference (e.g., censorship). 'Positive freedom' is the capability to achieve one's potential, requiring state support for basics like education and health to enable true flourishing.
Technological innovation should naturally cause deflation (falling prices). The Fed's 2% inflation target requires printing enough money to first counteract all technological deflation and then add 2% on top, making the true inflationary effect much larger than officially stated.