Richard Haass Says Trump Policy Has Unhealthy Trinity

The video discusses Richard's work at the Council on Foreign Relations and his book 'World in Disarray'. It analyzes fiscal deficit trends and the political challenges of addressing them. The debate on tax reform highlights its potential impact on the economy, questioning the effectiveness of trickle-down economics. The discussion concludes with the challenges posed by technological advancements like AI and robotics, emphasizing the need for targeted public policy and a national conversation.

What is the main focus of Richard's work at the Council on Foreign Relations?

• Promoting global peace initiatives

• Reinvigorating the institution through extensive writing

• Improving international trade agreements

• Developing new economic models

What is the 'unhealthy Trinity' mentioned in the discussion?

• Corporate monopolies, income inequality, and political corruption

• Tax cuts, increased spending, and refusal to tackle entitlements

• High unemployment, inflation, and low GDP growth

• Trade deficits, currency devaluation, and high interest rates

What is suggested as a necessary step to gain Democratic support for fiscal policy changes?

• Expanding social welfare programs

• Increasing defense spending

• Reducing corporate taxes

• Implementing modest tax cuts with spending cuts

What is the critique of trickle-down economics in the discussion?

• It reduces foreign investment

• It causes inflation to rise

• It leads to increased government debt

• It benefits only the wealthy and not the broader population

What future challenges are highlighted due to technological advancements?

• Increased global warming

• Rising healthcare costs

• Higher unemployment rates

• Decreased international trade