Erin Burnett talks to Economist Daniel Altman about his New York Times Op-Ed piece, To Reduce Inequality, Tax Wealth, Not Income - he suggests replacing the income and estate tax with a wealth tax.
OutFront tonight: Daniel Altman, adjunct associate professor of economics at the New York University Stern School of Business.
Is this what they proposed in Cyprus? Because it wasn't very popular with any depositor anywhere.
"Families are always rising & falling in America." (Hawthorne)
No matter the form of taxes, the wealthy are w/o morals when it comes to influencing congress..........AND congress has NO shame in accepting it...........(Example)....the health industry contributions.
Job creators, indeed! With those two tax cuts and their expanding wealth over several years at the expense of the middle class, it's reasonable and fair to ask, "WHEN ARE THOSE SO-CALLED 'JOB CREATORS' GOING TO GET AROUND TO CREATING A FEW THOSE JOBS THEY'VE BEEN PROMISING?"
The truth is, the whole job creators thing is just a load of Republican BS designed to smoke screen their real aim ... to further enhance and increase their already unjustified excess wealth.
That is really a stupid question. I am 54 years old and I never heard years ago any millionaire or billionaire complain about the tax rate they paid and the rates were higher. So only since W. said in 2001(with 500 billion dollar SURPLUS from Clinton) to the rich you have been over taxed and promptly the ass gets two tax cuts passed and we wonder why the debt is so high?? The JOB CREATORS??? You know the really big companies that you read in the newspaper every other week who are laying off workers. And the fact is the class warfare buzz word was started by the morons on the right. The class warfare is being waged by big businesses and a corrupt congress. The middle class has lost massice amounts of money over the last 5 year since the crash. So taxes on the rich just like subsidies to oil companies need go off the cliff. How can the right say we can't afford obamacare but we can afford to give free mondy to the super rich who do not need it makes any sense at all!!! If you know the facts and have brains then maybe!!
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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