5min chapter

The Next Big Idea cover image

ABOLISH POVERTY: Matthew Desmond on How We Can Do It

The Next Big Idea

CHAPTER

Are We Benefiting?

Sally Kohn: We are benefiting from tax breaks that accrue in America, they add up to about $1.8 trillion a year. Most of those benefits accrue to wealthy Americans and should be included in the calculation of what a welfare program is,. She says she has felt complicit in some of the problems with poverty in our country by having benefited from the growth of the stock market over the last 10 or 20 years. "I love Apple products, but it's also not lost on me that, you know, Apple has something like 35% profit margin"

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode