Redistributing wealth from the ultra-rich can significantly improve the lives of those struggling with food insecurity. High tax rates on the wealthiest individuals can fund essential programs for the less fortunate without significantly impacting the wealthy individuals' happiness or satisfaction. Many rich individuals have benefitted from government resources and should contribute more to society. Implementing high tax rates on the ultra-wealthy can create substantial positive changes for those in need.
Scott and Ed break down Truth Social’s first couple days on the public market and question how Trump might cash out of his shares. Scott then takes a look at a report that reveals how ineffective corporate diversity, equity, and inclusion programs can be. Finally, Scott discusses the work of Daniel Kahneman, a Nobel Prize winning economist who greatly influenced how he thinks about money.
Further reading: Carnivirus
Subscribe to No Mercy / No Malice
Pre-order "The Algebra of Wealth," out April 23rd
Follow the podcast across socials @profgpod:
Learn more about your ad choices. Visit podcastchoices.com/adchoices