Thursday, 21 February 2019

Libertarian Takes on Democratic Socialist on Taxes and Loses. Again (2019)

Should we tax the rich at higher rates than we tax the poor? Libertarian Charles Sauer Takes on Democratic Socialist Thom Hartmann... And Loses. Again.

Alexandria Ocasio-Cortez has suggested a seventy percent tax rate on the super profits of the very rich. The very suggestion of the rich paying their fair share has caused controversy among conservatives and in the media. But is taxing the rich at seventy percent really that radical? Libertarian Charles Sauer thinks so, debating Thom Hartmann on the effects and history of higher taxes on the rich. Does taxing the rich at higher rates help democracies function or do they slow innovation, as Charles Sauer believes?