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The Gist

Tax Their Stuff, Not Their Money

The Gist

Mike Pesca

News, Politics, Arts, Daily News

4.43.6K Ratings

🗓️ 17 January 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

On The Gist, Kirsten Gillibrand running for president. Alexandria Ocasio-Cortez recently floated the idea of a 70 percent marginal tax rate on America’s highest earners. That’s bad for millionaires, but is it even that good for everyone else? The New Yorker’s Adam Davidson argues it isn’t: High taxes wouldn’t rake in that much cash, and they might even scare taxpayers out of the country. Still, he’s clear-eyed about the dangers of concentrated money and thinks a wealth tax (on the value of what you own, not what you make) is where it’s really at. In the Spiel, you should have thought of that. This episode is brought to you by the following advertisers: Slack, the collaboration hub for work. Learn more at Slack.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:06.2

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0:24.2

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0:27.6

The following recording may contain explicit language. I can't get more explicit than may.

0:33.4

Let's just say it may.

0:34.6

It's Wednesday, January 16th, 2019. From slated to justime, Mike Pasca,

0:43.1

Kirsten Gillibrand has entered the presidential race to have a Kirsten before a Kirsten or

0:49.9

a Kirsten or a Kirsten. I gotta say the demographers got it all wrong.

0:54.7

Now of course we had to figure that we'd have a Kirsten before a Kirsten and we have

1:00.9

had plenty of Chris's but never a Kirsten, although they've all been Christians. But all

1:06.4

the Chris's have been Christophers, meaning Chris Dodd and Chris Christie, I suppose you

1:12.7

could say he had two shots at being a Kirsten but he never nailed it. Chris Sinuno is out

1:18.6

there as a possible Chris candidate. Also wouldn't be a Christian would be a Kirsta

1:24.4

fur. But he is a Christian. Now the part that struck me in the candidate announcement

1:29.7

video as all candidates must have was the following and it just struck me as a journalist.

1:35.6

My skin would crawl if a quote unquote question that I asked were ever used in this way.

1:42.0

There is no better leader on the issue of fighting money in politics and the corrupting influence

1:46.9

of money in politics than you. That's an interviewer from a group called End Citizens

1:52.7

United. And the video ends with another seemingly question but really statement from an interview

2:00.4

conducted with Gillibrand by John Stewart.

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