Ray D. Madoff

Ray D. Madoff, a distinguished law professor and tax law expert, joins the hosts to unveil how the U.S. tax code disproportionately benefits the wealthy. She reveals strategies that allow the richest Americans to effectively dodge taxes, highlighting the origins and purposes of the estate tax. Discussion includes shifts in public opinion against this tax and the loopholes that have emerged. Madoff also proposes innovative solutions, like taxing gains at death, offering a compelling critique of existing policies.

Ray D. Madoff, a Boston College Law professor and author, dives deep into the intricacies of America's tax code and its role in perpetuating wealth inequality. She uncovers how historic rules foster aristocracy and discusses alarming tax inequities like inheritances and philanthropic benefits. Madoff also highlights the concept of 'dead-hand control' that allows the wealthy to maintain influence across generations. Urging citizens to advocate for reform, she presents practical solutions such as taxing unrealized gains on transfer.

Ray D. Madoff, a legal scholar from Boston College specializing in wealth inequality, discusses her book on how the U.S. tax code fosters aristocracy. She reveals how misunderstood tax laws allow the wealthy to evade their fair share while the middle class bears the burden. Madoff argues for enhancing tax literacy to help citizens understand economic disparities. She critiques charitable tax deductions and explains the role of dynasty trusts in perpetuating wealth. Ultimately, she advocates for reforming taxes to level the playing field.