#1319 Democrats and Plutocrats, Wealth Tax and Wall Street
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 15 November 2019
⏱️ 71 minutes
🧾️ Download transcript
Summary
Air Date: 11/15/2019
Today we take a look at the proposals from Elizabeth Warren and Bernie Sanders for a Wealth Tax and how those proposals run afoul of not just Republican Fats Cats but Democratic Fat Cats as well
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SHOW NOTES
Ch. 1: A Wealth Tax For American Progress - Jim Hightower - Air Date 10-24-19
The rich are different from us, but their psyches are fragile.
Ch. 2: Wealth Tax with Michael Linden - Off-Kilter with Rebecca Vallas - Air Date 10-4-19
Rebecca and Michael discuss how a wealth tax would be a great start to reducing inequality and building a thriving economy,
Sam discusses the media propping up billionaires as the oppressed in light of Bernie's plan for a wealth tax.
Ch. 4: Elizabeth Warren Has Democrats Shaking - The Young Turks - Air Date 10-10-19
Cenk, Hasan and Brett discuss Elizabeth Warrens plans to make corporations accountable to the American public.
Ch. 5: Warren, Sanders and Big Donors with Jeet Heer - Start Making Sense - Air Date 10-30-19
Jeet and Bob discuss Elizabeth Warren and Bernie Sanders.
Brian chats with Zack about the top 2020 candidates and who big donors are supporting.
Ch. 7: Winners Take All with Anand Giridharadas - Strange Days with Fernand Amandi - Air Date 9-26-19
Fernand and Anand discuss the role of corporate billionaire philanthropy in maintaining power structures.
Ch. 8: Wall Street Democrats Show Their True Colors - The Zero Hour with RJ Eskow - Air Date 10-1-19
RJ discusses the difference between Warren and Bernie, but Wall Street hates them all the same.
FINAL COMMENTS
Ch. 9: Final comments on seasonal depression
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- Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent
- Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent
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Transcript
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| 0:00.0 | Welcome to this episode of the award winning Best of a Left Podcast in which we shall |
| 0:07.4 | learn about the proposals from Elizabeth Warren and Bernie Sanders for a wealth tax, and |
| 0:13.1 | how these proposals run a foul of not just Republican fatcats as you would expect, but |
| 0:19.3 | Democratic fatcats as well. |
| 0:22.0 | Clipsidae come from Jim Hightower, the majority reports off-kilter, the young Turks, start |
| 0:28.0 | making sense the Brian Lairer show Strange Days and the Zero Hour. |
| 0:39.4 | The rich are different from you and me. |
| 0:42.1 | For one thing, they're rich. |
| 0:44.5 | Among the super rich though, there tends to be a peculiar sense that their net worth is |
| 0:49.2 | a testament to their true worthiness. |
| 0:51.2 | Thus, they seem to cling desperately to the very idea of being extremely wealthy. |
| 0:56.5 | This leads to one specific difference between them and us. |
| 1:00.1 | Most of us favor a wealth tax to help bridge the gaping chasm of inequality in our society. |
| 1:06.2 | The rich do not. |
| 1:08.1 | Indeed, we hear shrieks of abject horror and cries of doom coming from corporate boardrooms |
| 1:13.4 | and other defenders of the plutocratic order. |
| 1:16.3 | It would be comical if they weren't so pathetic. |
| 1:19.4 | They explain that such a tax will destroy entrepreneurial motivation, sap innovation, |
| 1:24.8 | punish success, and get this spur-a-wave of divorces. |
| 1:29.4 | The psyches of the rich are so fragile, goes this line of bull, that a tiny tax on people |
| 1:34.3 | with more than fifty million dollars in wealth would keep them from getting out of bed in |
| 1:38.3 | the morning. |
... |
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