The Tax on Being Rich Is Not a Disincentive

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"What about longer term deincentivizing young people that are dreaming of becoming entrepreneurs?" "There's a huge tax on being wealthy so if you take these big risks which is what's required to be an entrepreneur and you are lucky enough to succeed the government will take most of your money away. I think realistically that's not a disincentive for most people," he says.

Bhaskar Sunkara is a democratic socialist, political writer, founding editor of Jacobin, president of The Nation, and author of The Socialist Manifesto. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(13:24) – Socialism
(31:54) – Communism
(58:31) – Class struggle
(1:09:33) – Quality of life
(1:17:29) – Unions
(1:29:57) – Corruption
(1:43:15) – Freedom of speech
(1:51:38) – War
(1:59:24) – Karl Marx
(2:13:03) – Socialist vision
(2:18:28) – AI and socialism
(2:23:26) – Socialist policies
(2:48:45) – Billionaires
(2:54:43) – Bernie Sanders
(3:05:10) – AOC
(3:17:11) – 2024 presidential election
(3:22:05) – China
(3:31:06) – Jacobin
(3:38:35) – The Socialist Manifesto
(3:45:55) – Advice for young people
(3:49:28) – Meaning of life