4.6 • 6K Ratings
🗓️ 28 October 2025
⏱️ 47 minutes
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| 0:00.0 | Hello and welcome to money talks, your guide to all manner of amazing ideas, |
| 0:20.0 | the Slate Money Show where we talk to the most interesting people |
| 0:23.7 | in the world about fascinating things. This week, I, Felix Armand of Bloomberg, am joined by, |
| 0:30.6 | wait, hang on a sec, Emily Peck of Axios. Hello. This is a two-on-one interview because, Emily, |
| 0:36.3 | who are we interviewing this week? |
| 0:46.0 | We are interviewing the wonderful Ray Madoff, who just wrote an amazing book called The Second Estate, How the Tax Code, Made an American Aristocracy. |
| 0:46.9 | Hello, Ray. |
| 0:49.0 | Hi, what pleasure to be here. |
| 0:52.8 | Ray, so other than writing this book, what's your claim to fame? |
| 0:53.6 | Introduce yourself. |
| 0:54.5 | Who are you? So I'm a law professor at Boston College Law School where I've been for 32 years, |
| 0:59.2 | teaching students how to help the rich avoid taxes and teaching them other things as well. |
| 1:04.2 | So you have this book. |
| 1:05.9 | It's all about exactly that, how the rich evade taxes. |
| 1:09.2 | We're going to dive deep into the estate tax |
| 1:12.5 | or the effective lack thereof and income tax and what crazy strategies the rich have used |
| 1:20.3 | not only to evade taxes, but also to persuade the government to let them evade taxes. And |
| 1:26.3 | what might conceivably be done about it. It's gnarly and |
| 1:30.3 | depressing, but also a must listen. If I do say so myself, it's all coming up on Money Talks. |
| 1:41.8 | Where do you find a clear signal in a world of static? |
| 1:45.4 | In a time of rapid change cut through the noise. |
| 1:48.5 | The Economist goes beyond the headlines to decode the forces shaping today and defining tomorrow. |
... |
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