Savage Love Episode 681
Savage Lovecast
Dan Savage
4.6 • 6.4K Ratings
🗓️ 12 November 2019
⏱️ 49 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to the micro version of the Savage Lovecast, www.com. |
| 0:06.6 | If you're stuck in a relationship quandary, or if you're looking for sexual harmony, |
| 0:16.1 | well, there's nothing you can't pass on the Savage Lovecast. |
| 0:24.6 | Michael Bloomberg billionaire is thinking about running for president. |
| 0:28.0 | He's thought about it for a long time and was urged to think harder and actually get in the race a few months ago by Jeff Bezos' billionaire. |
| 0:36.1 | Bezos actually called Bloomberg personally and encouraged him to |
| 0:39.2 | run for president. It seems that both of these billionaires, along with billionaire Bill Gates and |
| 0:43.9 | the rest of the billionaires, are freaking out about Elizabeth Warren's proposed wealth tax, |
| 0:49.1 | which would work like this. Your first 50 million of accumulated wealth, you get to keep that free and clear. Every |
| 0:56.6 | additional dollar you pile up over 50 million, you pay a 2% tax on each of those dollars. |
| 1:02.1 | That's the wealth tax. So if you're worth $50 million, and $20, your wealth tax bill amounts |
| 1:08.2 | to a whopping 40 cents. If you're worth more than a billion dollars, your wealth tax skyrockets to the not the least bit confiscatory 3%. |
| 1:17.2 | The New York Times took a look at what this would mean for Gates, Bezos, and Bloomberg. |
| 1:21.5 | If her wealth tax had been in effect since 1982, Mr. Gates, who had made his first billion dollars by 1987, would have had 13.9 billion in |
| 1:31.0 | 2018 instead of 97 billion. Jeff Bezos, the world's richest person, would have had 48.8 billion |
| 1:37.7 | last year instead of 160 billion. And Michael Bloomberg would have had 12.3 billion instead of 51.8 billion. |
| 1:45.9 | So with that wealth tax in place, we'd all have health care, student debt forgiveness, |
| 1:50.5 | clean energy, better schools, and Jeff Bezos would have to find a way to make ends meet |
| 1:55.6 | with just $50 billion to his name. |
| 1:59.2 | I'm recording today in Seattle, Washington, home to Amazon and Microsoft, |
| 2:02.9 | sources of Bezos and Gates's fortunes, respectively. And Michael Bloomberg might want to read up on |
| 2:07.9 | our local city council elections before he takes political advice from Jeff Bezos. Last year, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dan Savage, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dan Savage and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

