#398 w/Allison Schrager - "The Horrible, No Good Economy: A Primer”
The Fifth Column
The Rich Don't Pay Their Fair Share
"We are the world's safe asset. So people are always going to want to buy bonds probably for the rest of our lifetime," he says. "I mean, I just we don't deserve it at all, but there's no real other contender." If you tax the richest people in America, the confiscatory war and rate you get is taking about a percentage point off that, aren't you? At 100%. It would not be enough.
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