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Indybay FeatureRelated Categories: U.S. | Labor & Workers
Elizabeth Warren and Thomas Piketty, 47min
The rich get richer and everybody else suffers. The tax code must be radically revised so the top 1% pay the same tax as their secretaries. If capital gains were taxed at the same rate as labor, we'd have hundreds of billions in additional revenue (Joseph Stiglitz). Prof. Piketty explains that the rigged system has continued for centuries. Return on capital exceeds growth of the economy.
to watch the 47-minute video discussion from June 2, 2014, click on