The private tax returns of America’s wealthiest few individuals were just leaked to the non-profit journalists at ProPublica and they reveal an American plutocracy that has completely avoided paying personal taxes. We already knew that the wealthiest corporations were able to maneuver the tax code to their benefit, but the levels at which the ultra-wealthy are able to avoid taxes is maddening. And it is all LEGAL. Michael is joined by journalist and author Anand Giridharadas to discuss how they’ve been able to rig the system, why this is Exhibit A for why we need a wealth tax, and why so many working class Americans have been indoctrinated into supporting the rich and being against taxing them more.
Plus, Michael responds to your emails about his proposal for The Department of Public Safety and Compassion. You can reach him at: firstname.lastname@example.org
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ProPublica: The Secret IRS Files
Inside the Tax Records of the .001%
Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
You May Be Paying a Higher Tax Rate Than a Billionaire
Listen to Episode 194: Welcome To The Department of Public Safety & Compassion
Music in the episode:
“Money” – Pink Floyd
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