Can We Tax Our Way to Equality? | Joshua Rauh

5-Minute Videos | PragerU

PragerU

History, Education, Business, Self-improvement, Non-profit

4.8 • 6.9K Ratings

🗓️ 16 December 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is income inequality our biggest social problem? Can wealth redistribution—taxing the rich more to give to the poor—solve the problem? Joshua Rauh, professor of finance at Stanford and Senior Fellow at the Hoover Institution, addresses these questions in this challenging video. This video was made possible by a generous gift from The Peter & Judy Copses Foundation Get all our content ad-free on PragerU.com or download the PragerU app: https://l.prageru.com/45GvWlu Follow PragerU on social media: YouTube Instagram X/Twitter Facebook Rumble Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I made you think you
0:01.6	My name is Cadence Sinclair
0:03.8	Some people call us American royalty
0:06.4	We were liars
0:07.5	A new series on Prime Video
0:09.4	We were happy
0:10.5	We wanted for nothing
0:11.8	Based on the best-selling novel
0:14.3	Something terrible happened last summer
0:17.3	And I have no memory of what
0:19.0	Or who hurt me
0:20.0	No one in my family will tell me.
0:22.7	When you're left for dead, you want answers. We Will Liars. New series, watch now, only on
0:28.9	Prime Video. Is economic inequality, as President Barack Obama said, the defining challenge of our
0:36.9	time? Is the wealth gap, as Bernie Sanders said, the defining challenge of our time?
0:40.5	Is the wealth gap, as Bernie Sanders said,
0:44.2	one of the great moral, economic, and political crises that we face?
0:47.8	And must we, as Vice President Kamala Harris said,
0:52.2	rise to meet this moment as we face a dramatic rise in inequality?
0:56.1	The left, as you can see, has no doubts about this issue.
1:04.1	It's a huge problem. Or is it? Consider this thought experiment. Jeff and Bill work for a well-run innovative steel manufacturer. Let's call it Acme Steel. Jeff is a factory floor manager and makes
1:10.6	$150,000 a year. Bill works in the plant
	...

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