Sup you beautiful bastards. Don't be a fantastic Tuesday. Welcome back to the Philip DeFranco show and let's just jump into it.

And the first thing we're going to talk about today is some money news. The anti-poverty charity Oxfam released their annual report and according to their report, Billionaire Fortunes increased by 12% last year or family declined by 11%. Also adding that the number of billionaires has almost doubled since the financial

crisis with a new billionaire created every two days between 2017 and 2018.

And then adding, yet wealthy individuals and corporations are paying lower rates of tax than they have in decades.

And pointing out specifically, in some countries such as Brazil, the poorest 10% of

society are now paying a higher proportion of their incomes in tax than the richest 10%.

And as far as that gap between the world's richest and the poorest,

last year when we talked about this, the top 43 people in the world

own the same as the bottom 3.8 billion people.

That number, now in this latest report, is 26 people to the poorest 3.3 billion. people that they were calling for a

3.8 billion people.

It also appeared in this report that they were calling for a wealth tax to be

introduced.

Saying getting the richest 1% to pay just 0.5% extra tax on their wealth could raise more money

than it would cost to educate the 262 million children out of school and provide health

care that would save the lives of 3.3 million people. Which I guess on that note, I did want to ask a question that it's a little bit of a simple question

for a complex issue.

What are your thoughts around the situation that's grabbed a lot of headlines for actually

a little while now where you have Alexandria Ococchio Cortez proposing a 70% marginal tax which just to clear up any

confusion because I've seen a lot of confusion around this issue some people have

seemingly understood the proposition as if you made $10 million the government gets

7 million of it that's not how the tax rate would work it would be 70% on money

...