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Explain It to Me

Taxing the rich

Explain It to Me

Vox Media Podcast Network

Politics, Society & Culture, Education, News

4.48K Ratings

🗓️ 15 January 2019

⏱️ 57 minutes

🧾️ Download transcript

Summary

Jane, Ezra, and Matt consider the ethics and economics of a 70 percent top marginal rate Americans misperceive racial economic equality Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I feel like you guys are very down on me finishing my book.

0:02.9

That's we are trying to help you Ezra.

0:05.3

We're trying to help you.

0:06.1

Sure.

0:06.8

Motivation.

0:07.4

Okay.

0:07.7

So we do it?

0:08.4

Yep.

0:08.8

Let's do it.

0:22.9

Hello.

0:23.4

Welcome to another episode of the Weets on the Vox Media Podcast Network.

0:26.7

I'm Matthew Iglesias.

0:27.7

Here with Jane Coastan and Ezra Klein.

0:30.2

We got a smoking hot white paper for you later at the end of the episode.

0:36.0

But we wanted to start by talking about a sort of blue sky policy conversation that has opened up recently.

0:43.6

I guess the precipitating event was Alexandria Ocasio-Cortez went on 60 minutes and she was talking

0:50.0

about the Green New Deal.

0:51.5

I know people want us to do a Green New Deal episode, but that's got to wait.

0:55.6

So he asked her like, how do you want to pay for all this?

0:58.4

And then she said, well, maybe we should have a top income tax rate of as high as 70%.

1:05.0

Which when I first saw it, I don't know.

1:07.4

My mind was not blown because I was aware that this 70% number had been floating around

...

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