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Pitchfork Economics with Nick Hanauer

Tax me more, I’m rich (with Abigail Disney and Chye-Ching Huang)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 29 December 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

Trickle-down economics would have you believe that the rich are job creators. For decades we’ve been told that the more money the wealthy have to invest in creating jobs, the better the economy will be for everybody. This lie has had catastrophic effects: the top 0.1% of Americans now own more wealth than the bottom 90% of Americans combined. As debates rage among our leaders over stimulus bills and Americans battle their way through this economic crisis, the case for taxing the wealthy has never been as strong as it is now—so this week we’re re-surfacing this episode, originally published in 2019. Class traitor Abigail Disney and tax expert Chye-Ching Huang make the case for taxing the rich. And we highly recommend Abigail Disney’s podcast, All Ears: https://www.forkfilms.com/all-ears/ Abigail Disney is a documentary filmmaker, philanthropist, and social activist. She is the granddaughter of Roy Disney, the co-founder of the Walt Disney Company. Twitter: @abigaildisney Chye-Ching Huang is the Director of Federal Fiscal Policy at the Center on Budget Policy Priorities, where she focuses on the fiscal and economic effects of federal tax and budget policy. She rejoined the Center in 2011 after working as a Senior Lecturer at the University of Auckland, where she taught tax law and conducted research in tax law and policy. Twitter: @dashching @CenteronBudget Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

Hi everyone. This week we're re-releasing an episode that came out over a year ago with

0:06.3

Abigail Disney and Federal fiscal policy expert Chai Ching Huang. I wanted to trot these conversations back out because as debates rage among our leaders over stimulus bills and Americans battle their way through this economic crisis, the case for taxing the wealthy has never been as strong as it is now.

0:28.0

And I also wanted to tell you that Abigail Disney has her own podcast called All Years, which I'm pretty sure you'd like.

0:39.2

Abigail has joined me in being a really loud voice among rich people demanding to be taxed more.

0:44.8

She's an award-winning documentary filmmaker and now she uses her

0:49.5

podcast to speak out against corporate greed and systemic economic inequality.

0:56.0

You may remember that she has famously confronted the Disney Company about their labor practices and wages. You could even say she's made a name for herself by taking on the capitalists who give guys like me a bad name.

1:09.0

And Abigail has really cool guests on her podcast, like Elizabeth Warren, Stacey Abrams, Mary

1:16.8

Trump, and David Byrne.

1:19.1

And the podcast is available wherever you get your podcasts.

1:23.2

So if you like this show, I think you'll also like all years,

1:27.7

and I hope you enjoy this episode.

1:30.1

We'll be back with new content next week,

1:32.2

talking about banking regulations with

1:34.6

Stanford Economist and not Admadi.

1:39.6

Having tons and tons of people with billions or tens of billions or now 100 billion does

1:45.2

not make a lot of sense and it's really hard to defend it. A billion is a

1:49.1

thousand million and when somebody asks you to just not have a billion, what you're saying is

1:56.0

$999,999,999,999,999,99 dollars isn't enough.

2:01.6

What's going on at the top is that a lot of very wealthy people are not having to pay any

2:06.0

tax on that income.

2:07.3

The people who win in a very complicated tax system are those who have the best tax advisors.

...

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