Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Friday, 1 December 2017
Nobel Prize-Winning Economist Joseph Stiglitz: Trump Tax Plan to Worsen Inequality, Expand Loopholes
Nobel Prize winning economist Joseph Stiglitz joins us to critique the Republican tax plan that could face a vote as early as Friday. The sweeping legislation would overhaul the tax code in order to shower billions of dollars in tax cuts upon the richest Americans, including President Trump’s own family, and repeal the Affordable Care Act’s individual mandate. Stiglitz is a Columbia University professor, and chief economist for the Roosevelt Institute. He served as chairman of the Council of Economic Advisers under President Bill Clinton.
