American debt is hurting like never before

Chuck Zodda and Paul Lane discuss why American debt stings like never before in new era for households. Dollar Stores get devalued as low-income consumers struggle. More middle manager are being laid off. Biden's 'billionaire tax' takes aim at the super rich, but can a wealth tax work in reality? The new retirement dream is phased in gradually and includes 'work for pleasure'. China signals opposition to forced sale of TikTok in the US. Paul LaMonica joins the show to chat about Microsoft and what could be on the horizon for the tech giant.