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secure. This is CBS. I on the world. I'm John Batchel, welcoming Professor Richard Epstein of the

Civitas Institute at the University of Texas. He teaches law at NYU and the University of Chicago.

And he writes about the big, beautiful bill, now the law of the land. And what is to be done

with two parts of it that damage it to my mind as a piece of successful legislation. But we'll see. Professor, a very good evening to you.

Nice to be here, John. You have praise for the big, beautiful bill, but I'm skipping past that to your

essay at Civitas, which was from real clear politics. The first objection you find when I applaud it

is the wealth tax. it is the wealth tax.

What is the wealth tax?

What is it that the big, beautiful bill tolerates in the wealth tax?

Good evening.

I think it's a little bit backwards.

Let me explain.

If you went to true tax reforms, circa 9th, 2023, you would get a large number of very left-wing pundits who would have

two major proposals to extract more wealth from the rich. One of them would be a wealth tax,

...