Ed
👤 PersonAppearances Over Time
Podcast Appearances
Larger deficits, more debt, increased interest payments. We're screwing over the next generation of Americans who are going to have to pay the bill when... Our parents and our grandparents are all dead. The carried interest loophole is staying. Trump talked a big game about getting rid of it. This nonsensical tax break for private equity, it's staying in there.
We're getting tax breaks for old people. If you're over the age of 65, you're now going to get a larger standard deduction than you did before. The worst part of the plan, in my view, the estate tax exemption. Wealth inequality has gone totally haywire, out of control in America. We've discussed it a lot.
We're getting tax breaks for old people. If you're over the age of 65, you're now going to get a larger standard deduction than you did before. The worst part of the plan, in my view, the estate tax exemption. Wealth inequality has gone totally haywire, out of control in America. We've discussed it a lot.
We're getting tax breaks for old people. If you're over the age of 65, you're now going to get a larger standard deduction than you did before. The worst part of the plan, in my view, the estate tax exemption. Wealth inequality has gone totally haywire, out of control in America. We've discussed it a lot.
And the question we have all been trying to answer is, how do you redistribute that wealth that has been sequestered into the top 0.001%? How do you redistribute the wealth in a way that is fair, in a way that isn't crazy, and in a way that doesn't mean showing up to rich people's doorsteps with a shotgun and a pitchfork.
And the question we have all been trying to answer is, how do you redistribute that wealth that has been sequestered into the top 0.001%? How do you redistribute the wealth in a way that is fair, in a way that isn't crazy, and in a way that doesn't mean showing up to rich people's doorsteps with a shotgun and a pitchfork.
And the question we have all been trying to answer is, how do you redistribute that wealth that has been sequestered into the top 0.001%? How do you redistribute the wealth in a way that is fair, in a way that isn't crazy, and in a way that doesn't mean showing up to rich people's doorsteps with a shotgun and a pitchfork.
My view on this has always been the easy answer is just tax it when they die. You've got $124 trillion that are going to be passed on in 2048. Greatest generational wealth transfer in history. That's the moment to redistribute the wealth without making everyone upset. And how do you do that? With an estate tax. It's very simple.
My view on this has always been the easy answer is just tax it when they die. You've got $124 trillion that are going to be passed on in 2048. Greatest generational wealth transfer in history. That's the moment to redistribute the wealth without making everyone upset. And how do you do that? With an estate tax. It's very simple.
My view on this has always been the easy answer is just tax it when they die. You've got $124 trillion that are going to be passed on in 2048. Greatest generational wealth transfer in history. That's the moment to redistribute the wealth without making everyone upset. And how do you do that? With an estate tax. It's very simple.
You're not going to just seize all the assets, but you're just going to tax it at a normal rate. So I was... I couldn't believe it when I saw this plan where they are actually going to increase the estate tax exemption, which is already absurdly high in America. They're increasing it to $30 million, which means you can pass $30 million on to your children tax-free.
You're not going to just seize all the assets, but you're just going to tax it at a normal rate. So I was... I couldn't believe it when I saw this plan where they are actually going to increase the estate tax exemption, which is already absurdly high in America. They're increasing it to $30 million, which means you can pass $30 million on to your children tax-free.
You're not going to just seize all the assets, but you're just going to tax it at a normal rate. So I was... I couldn't believe it when I saw this plan where they are actually going to increase the estate tax exemption, which is already absurdly high in America. They're increasing it to $30 million, which means you can pass $30 million on to your children tax-free.
In other words, we're deciding we actually like the inequality. We want to maintain it, not just for this generation, which seemed like an anomaly, but for many generations to come. We want the children of rich people and their children to keep on ruling and ruling over many generations of society.
In other words, we're deciding we actually like the inequality. We want to maintain it, not just for this generation, which seemed like an anomaly, but for many generations to come. We want the children of rich people and their children to keep on ruling and ruling over many generations of society.
In other words, we're deciding we actually like the inequality. We want to maintain it, not just for this generation, which seemed like an anomaly, but for many generations to come. We want the children of rich people and their children to keep on ruling and ruling over many generations of society.
And by the way, the way we're going to do that, we're going to subsidize that by cutting healthcare spending for poor people. What the fuck is going on, Scott?
And by the way, the way we're going to do that, we're going to subsidize that by cutting healthcare spending for poor people. What the fuck is going on, Scott?
And by the way, the way we're going to do that, we're going to subsidize that by cutting healthcare spending for poor people. What the fuck is going on, Scott?
But what about everyone else? I mean, we know he's insane for many reasons, but what about everyone in Congress? Like, I don't understand how anyone would be okay with, we're going to cut Medicaid spending. I mean, that argument alone, I'm willing to have that conversation.