Slate Money - The Weirdo Camp
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Slate
3.9 • 1.1K Ratings
🗓️ 12 June 2021
⏱️ 50 minutes
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Summary
This week, Felix Salmon, Emily Peck and Stacy-Marie Ishmael talk about the ProPublica report on the tax returns of US billionaires, how Uber prices are changing and what it means, and the consequences of Bitcoin becoming legal tender in El Salvador.
In the Plus segment: UI fraud.
Mentioned in the show:
“The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax” by Jesse Eisinger, Jeff Ernsthausen and Paul Kiel for ProPublica
“We Ran the Treasury Department. This Is How to Fix Tax Evasion.” by Timothy F. Geithner, Jacob J. Lew, Henry M. Paulson Jr., Robert E. Rubin and Lawrence H. Summers for the New York Times
“Farewell, Millennial Lifestyle Subsidy” by Kevin Roose for the New York Times
“Cryptocurrency Comes to Retirement Plans as Coinbase Teams Up With 401(k) Provider” by Anne Tergesen for The Wall Street Journal
“There’s a New Vision for Crypto, and It’s Wildly Different From Bitcoin” by Joe Weisenthal for Bloomberg
“Half of the Pandemic's Unemployment Money May Have Been Stolen” by Felix Salmon for Axios
Email: slatemoney@slate.com
Podcast production by Jessamine Molli.
Twitter: @felixsalmon, @EmilyRPeck, @s_m_i
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello! |
| 0:12.6 | Welcome to the Weirdo Camp episode of Slate Money, your guide to the business and finance news of the week. I'm Felix Salmon of Axios. I'm here with Emily Peck. Hello. I'm here with Stacey Marie Ishmael. Hello. I am a weirdo, according to Emily. Also me. Very happy to admit this. Stacey, are you a weirdo to? No, no, I agree with Emily that you |
| 0:38.1 | are a weirdo. Right. Okay. So according to Stacy and Emily, I am a weirdo because I was a little |
| 0:43.6 | bit maybe underwhelmed, is the word, about the massive pro-publica bombshell report on the tax |
| 0:51.4 | returns of the 25 richest Americans. So we're going to talk about that and you guys get to decide whether I'm weird or not. |
| 0:57.9 | We are going to talk about Uber pricing and somehow segueing from that into like funding of |
| 1:05.7 | MRNA vaccines. |
| 1:07.1 | And I have no idea how we did that, but we're going to manage that somehow. |
| 1:10.7 | And we are also |
| 1:11.7 | going to talk about Bitcoin in El Salvador, where it is now legal tender. There's a slate plus |
| 1:18.8 | about the insane amount of fraud that seems we've been going on in the unemployment insurance |
| 1:25.4 | system. All of that is coming up on Slate Money. |
| 1:30.9 | So, Emily, there was a ProPublica bombshell this week. What was the bombshell and how much of an |
| 1:37.8 | explosion did it make? The bombshell was that ProPublica got a hold of the tax returns of |
| 1:43.6 | 25 billionaires, the richest guys in |
| 1:49.0 | the world, including Warren. |
| 1:51.1 | Do we even need to say their last names, including Warren, and Jeff, and Elon. |
| 1:56.0 | Mark Rupert. |
| 1:57.8 | And surprise, they don't pay a lot in taxes relative to their wealth. |
| 2:04.0 | And the story got a ton of attention. |
| 2:06.7 | I thought Twitter was a buzz. |
| 2:09.3 | Sort of there were the two camps. |
... |
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