Post by the Scribe on May 10, 2021 19:10:39 GMT
What if We Actually Taxed the Rich? | Robert Reich
171,546 views•Apr 1, 2021
Robert Reich
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Former Secretary of Labor Robert Reich breaks down seven ways to tax the rich and raise trillions in revenue.
Watch More: 12 Myths About Taxing the Rich ►►https://youtu.be/pnoLAMHwf2I
Income and wealth are now more concentrated at the top than at any time over the last 80 years, and our unjust tax system is a big reason why. The tax code is rigged for the rich, enabling a handful of wealthy individuals to exert undue influence over our economy and democracy.
Conservatives fret about budget deficits. Well, then, to pay for what the nation needs -- ending poverty, universal health care, infrastructure, reversing climate change, investing in communities, and so much more -- the super-wealthy have to pay their fair share.
Together, these seven ways of taxing the rich would generate more than $6 trillion over 10 years -- enough to tackle the great needs of the nation. As inequality has exploded, our unjust tax system has allowed the richest Americans to hoard wealth, at the expense of the rest of us.
It’s not radical to rein in this irresponsibility. It’s radical to let it continue.
12 Myths About Taxing the Rich | Robert Reich