
Inflation - How Markets Fail
Economic Update with Richard D. Wolff
00:00
Is There a Progressive Tax System?
The income tax in the states is so called progressive. But that's just a federal tax; state and local taxes are overwhelmingly regressive. We don't rely on taxes the way other countries do, we could have a tax system based on property, not income,. What you own, not what income flows to you. And that gives you mister blumberg.
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