How rich people dodge taxes (with Gabriel Zucman)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 11 April 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

As Tax Day approaches in the United States, we’re revisiting our conversation with Gabriel Zucman, the authority on wealth taxes. For the last 40 years, trickle-down politicians have slashed tax rates on the rich, benefiting the wealthy few at the expense of the American middle class. Zucman explains how the rich manage to dodge taxes, and how we can fix this broken system. This episode originally aired on November 26, 2019. Gabriel Zucman is now Professor of Economics at the Paris School of Economics and Ecole Normale Supérieure – PSL, Associate Professor of Economics at the University of California, Berkeley, Director of the EU Tax Observatory, and Director of the James M. and Cathleen D. Stone Center on Wealth and Income Inequality at UC Berkeley. Twitter: @gabriel_zucman The Triumph of Injustice: https://wwnorton.com/books/the-triumph-of-injustice The Wealth Detective Who Finds the Hidden Money of the Super Rich: https://www.bloomberg.com/news/features/2019-05-23/the-wealth-detective-who-finds-the-hidden-money-of-the-super-rich Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Hey, Petrwork listeners. Goldie here. We're taking a week off for spring break. And well,
0:05.0	we're lounging by the pool, where in Seattle shivering under the rain. We'd love to hear from you,
0:11.6	especially if you consider yourself to be a middle class worker. What do you want to hear us cover
0:17.2	on the podcast? What topics are important to you right now? You can call and leave us a voicemail
0:23.5	at 731-388-9334, or you can email us pitch at pitchforkeconomics.com, or you can message us on
0:35.2	Instagram or Twitter. Just please get in touch with us and let us know what you want to hear more
0:41.0	of on the podcast when it comes to middle-out economics. In the meanwhile, it's almost tax day.
0:47.7	So we thought this would be a good time to re-air our episode with Gabriel Zuckman and authority
0:53.6	on Wealth to Access, who spoke to us in 2019 about how to make the rich pay their fair share.
1:02.8	So we've done an episode on Wealth to make, but this is much broader and more far-reaching.
1:08.2	That's right. The U.S. used to have the most progressive tax system in the world.
1:13.2	Be an air, pay your lower tax rate than every other income group. Only 23% of their income
1:18.7	in taxes. The proper way to tax the super wealthy is through a progressive,
1:24.3	wealth tax, the income tax is not enough.
1:33.9	From the home offices of civic ventures in downtown Seattle, this is pitchforkeconomics,
1:38.9	with Nick Hanauer, the best place to get the truth about who gets what,
1:42.8	and why.
1:50.0	I'm Nick Hanauer, founder of Civic Ventures.
1:52.8	I'm David Goldstein, senior fellow at Civic Ventures.
2:01.6	You know, for years now, I've heard that one of the reasons why we shouldn't tax rich job
2:08.1	creators like you and your buddies is that you spend your money so much more efficiently
2:14.2	than the government ever could.
	...

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