How To Actually Tax The Rich

Intro 0:00 Today's number 0:47 Today's episode 1:05 Interview with Ray Madoff 5:52 If it’s true that the wealthiest people in America pay the majority of the taxes, what is the problem? 6:59 How do the wealthiest make their money compared to the average American? 9:03 If the wealthy are not getting a salary, then how are they paying for themselves? 12:57 Is it a good idea to get rid of the estate tax exemption and institute an alternative minimum tax on income above a million dollars? 16:07 Ad break 22:01 Why isn’t the estate tax working? 23:58 If the estate tax exemption isn’t the issue then what do we do about this? 33:04 Should we essentially be just increasing the capital gains tax? 38:05 Why is it standard that capital gains are taxed at a significantly lower rate than standard income? 40:44 Can it reduce investment or just have an overall downward effect on the stock market? 42:07 Ad break 42:59 What are two or three ideas for the least taxing or most equitable tax increases? 44:18 What about 1031 exchanges or putting things into an LLC? 44:53 Why no wealth tax? 47:39 Without global cooperation on minimum taxes, won’t companies still exploit international tax arbitrage? 49:27 Do you think that a wealth tax would be the right move if it were possible? 51:08 Is the bigger problem the governmental spending or is it that we’re not generating enough tax revenue? 52:43 What is the right taxation approach to the next big technology? 57:27 What’s the argument that could unite people behind a real solution? 58:30 Credits 1:00:46