Pitchfork Economics with Nick Hanauer cover image

How rich people dodge taxes (with Gabriel Zucman)

Pitchfork Economics with Nick Hanauer

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Fixing the Corporate Tax

There's no magic bullets, but there is a combination of changes that are doable. In my view, it all starts with fixing the corporate tax. The proper way to tax the super wealthy is through a progressive wealth tax. Even if you increase the tax rate and capital gains, even to 100%, let's say, in the case of Warren Buffett, he would pay $20 million in taxes. This would still be essentially nothing for him. That's why for billionaires, you need a wealth tax.

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