The Realignment cover image

288 | Michael Tomasky: Why Progressive, Middle-Out Economics Will Succeed Neoliberalism

The Realignment

00:00

The Transfer of Wealth From the Bottom in the Middle to the Rich

Jeff Bezos is able to become incredibly wealthy and we could debate whether or not he should have been paying a higher level of taxes on that wealth. But I don't say Jeff Bezos is stealing that from anyone on the lower and middle side. A lot of new wealth was created by some of the economic activities you mentioned the internet and stuff into it created money that just didn't exist before. There are a lot of policy decisions and laws and changes in culture and custom that have shifted a lot of that money from the middle to the top.

Play episode from 05:16
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app