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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

#1625 Society of Extreme Wealth and its Discontents: Tax avoidance, wealth inequality and the detrimental effects felt by us all

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Marx, Political, Feminism, Jacobin, Left, Hightower, Politics, Counterspin, News, News Commentary, Maddow, Hartmann, Democracynow, Antiracism, Marxism, Socialism, Capitalism, Ezra, Liberal, Intercepted, Hayes, Progressive, Intercept, Intersectionality, Wolff

4.63.4K Ratings

🗓️ 1 May 2024

⏱️ 58 minutes

🧾️ Download transcript

Summary

Air Date 5/1/2024

The past, present, and future of tackling the uselessness of extreme wealth by exposing and closing tax avoidance loopholes and pushing for a culture change to embrace the need for a more equal society.

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Transcript

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SHOW NOTES

Ch. 1: What Happens When You Tax Billionaires at 90 Percent? - The Hartmann Report - Air Date 6-3-23

We did it before, and the result was the creation of the world’s first and largest middle class and a level of peace and prosperity that held its own until Ronald Reagan took a meat-axe to it…

Ch. 2: #TaxBillionaires w/ Robert Reich, Sen. Ron Wyden, Rep. Jamaal Bowman, and more - Americans for Tax Fairness - Air Date 4 -18-22

If you think school teachers shouldn't pay a higher tax rate than billionaires, join us to learn how you can join in on the fight to #TaxBillionaires!

Ch. 3: Wealth Tax Part 1 - Pullback - Air Date 4-11-23

Should we be taxing Scrooge-McDuck wealth? Can we? We talk with friend of the pod Fariya Mohiuddin, a Senior Program Officer with the International Budget Partnership's Tax Equity Program, and our favourite tax justice researcher and activist.

Ch. 4: No One Should Have More Than 10 Million Pounds | Ash Sarkar meets Ingrid Robeyns - Novara Media - Air Date 2-4-24

If you're serious about alleviating poverty, as most liberals claim to be, should there be a cap on how wealthy one person can be?

SEE FULL SHOW NOTES


FINAL COMMENTS

Ch. 12: Final comments on anger and irrationality in war and politics


MUSIC (Blue Dot Sessions)

SHOW IMAGE:

Description: A protester holds a sign that says “Tax the Rich”

Credit: “We have a right to the city. Tax the rich.” by dignidadrebelde, Flickr | License: CC BY 2.0 | Changes: Cropped

Produced by Jay! Tomlinson

Visit us at BestOfTheLeft.com

Contact me directly at [email protected]

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to this episode of the award-winning Best of the Left Podcast in which we

0:07.6

discuss the past, present, and future of tackling the uselessness of extreme

0:11.9

wealth by exposing and closing tax avoidance loopholes

0:16.0

and pushing for a culture change to embrace the need for a more equal society.

0:21.6

Sources today include the Hartman Report, Americans for Tax Fairness,

0:26.2

Pullback Navarro Media, Gary's Economics, and Robert Reich with additional members only

0:32.0

clips from the majority report and pull back. What happens when you tax billionaires at 90%? You know, secession, the TV show is over,

0:47.0

but the spoiled, entitled billionaire man children still very much with us running social media companies owning

0:55.5

newspapers and television networks funding politicians and

0:58.9

judges who then keep their taxes low and the regulations minimal.

1:03.3

America's billionaires pay an average income tax rate of 3.1%.

1:08.2

Are you paying 3.1%?

1:10.0

I'm willing to bet it's not the case.

1:12.5

Plus you happen to be a billionaire or worth five, six, seven hundred million dollars.

1:18.4

What has that brought us that has made America the most unequal society in the developed world.

1:26.4

Nobody's even close.

1:29.4

And the last time we had such severe poverty, we have a homelessness epidemic here in America

1:35.6

it's not just people are poor people are literally sleeping on streets we

1:41.4

not only have massive poverty in the United States. We also have insane wealth.

1:45.0

Three men in the United States own more wealth in the bottom half of America.

1:50.0

Of all Americans, of them, three men on more wealth than all of them.

1:59.8

We read about roving gangs doing smash and grabs in Nordstrom and Home Depot.

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