This Is How People Really Feel About Paying Taxes
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 16 November 2020
⏱️ 43 minutes
🧾️ Download transcript
Summary
The politics of taxes are always fraught. In theory, everyone wants to pay less of them and bristle at the prospect of paying more. But it turns out that our feelings are more complicated and nuanced. On this episode, we speak with Stefanie Stantcheva, a Harvard economist who has done deep survey work on how people really feel about taxes. What she's discovered could be useful going forward in terms of thinking about how to design the optimal policy.
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| 0:00.0 | Join us in Seattle on November 8th for Bloomberg's intelligent automation briefing about transformation in a time of uncertainty. During this special evening event, top business and IT executives will gather to explore ways in which intelligent automation can offset economic |
| 0:15.8 | pressures and help organizations thrive by enhancing operational efficiencies and stakeholder |
| 0:21.2 | value. |
| 0:22.3 | This program is proudly sponsored by IBM. Register at |
| 0:25.8 | Bloomberg Live.com slash automation slash radio. Hello and welcome to another episode of the Odd Thoughts Podcast. |
| 0:45.0 | I'm Tracy Allaway. |
| 0:46.0 | And I'm Joe Wisentho. |
| 0:48.0 | Joe, uh, let's see. |
| 0:50.0 | I know we keep putting caveats on all our episodes recently but we are recording this with less than a week to go before the presidential election in the U.S. |
| 1:00.0 | Yeah, just five days to go. Yeah. So the whole world could be different. |
| 1:04.8 | By the time people are listening to this, this whole episode could just be like this weird |
| 1:09.4 | time capsule from some normal time, or I guess not really normal these days, but from some |
| 1:14.0 | totally different time so hello from the past. |
| 1:18.0 | So on that note you know everyone in DC is getting ready for the election and at the same time you can just imagine there are rooms filled with people |
| 1:28.5 | You know with policy wonks who are trying to figure out what policy might look like under both you know another |
| 1:35.8 | four years of Trump and also potentially four years of Biden. |
| 1:40.1 | Yeah so I think like you know the first order of business, most people assume if there say a Biden administration would be some sort of major spending stimulus, sort of heavy running up the deficit in order to get the economy back to a trend or |
| 1:55.3 | accelerate the return to full employment, then you know that's the kind of thing |
| 2:00.7 | that people imagine could get passed in February, but if, you know, we're |
| 2:04.9 | talking about a Biden administration or any Democratic administration in the future, then |
| 2:09.2 | there would also be further policy questions beyond that and one of those of course would be the future of the |
| 2:15.0 | tax system which was reformed in the first Trump administration. Yeah I mean |
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