Why Should We Increase the Capital Gains Rate?

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The more that you tax capital, the less there's going to be to fund back into innovation. And yes, more money goes to the government, but then you would have to make the assumption that the government is a better allicator of capital than the people that you're taking it from. I still don't think the wealth tax is necessarily the best.

Wealth inequality has been increasing for decades, and recently, there has been a heightened focus on billionaires as we debate what to do about the concentration of large swaths of wealth in a few hands.

In this episode, Steph and Cal discuss whether or not billionaires should exist, common proposals for dealing with billionaires, and a few policy proposals for how we can start thinking about tackling wealth inequality.

Whether you find yourself saying, "billionaires are evil and don't deserve all that money", "billionaires deserve what they have earned", or "I don't care about billionaires, but I care about a world with more equality of opportunity," this episode is for you.

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