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Hello and welcome to the Americano podcast, a series of discussions about American politics and now the Joe Biden presidency. We will be looking at how a 78-year-old president will

change America and we'll be asking if normalcy, which is what

he promised to bring, has returned to American politics. The answer, of course, is no. I'm joined

today by Michael Lind, who is author of many good books, but most recently The New Class War.

He's also a professor at the University of Texas.

Michael, thank you very much for being with us.

Thank you.

I want to talk to you today about Bidinomics and whether it is working.

Over the weekend, there was quite a lot of hullabaloo

about the global tax initiative that the G7 countries appear to have agreed. And this is to set

a flaw on corporation tax at 15%. What are your thoughts on that? Do you think it's an effective idea? Do you think it will be

enforced, implemented? No, I don't think it is enforceable given the number of tax havens in the world,

from the Jersey Islands to the Cayman Islands, Panama, various others.

These are sovereign countries.

Unless you're going to invade them or sanction them, it seems unlikely that you can enforce this.

Moreover, if you really want to collect a lot of money, you should go after individuals,

not after corporations.

...