Jeffrey Winters

speaker
177 appearances 1 recordings 1 series first heard May 2026 last heard 20 May

Jeffrey Winters’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.

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and yet we would become dramatically more unequal.
Sure.
So one of the first questions is, it's not whether we should have absolutely egalitarian societies or the incredibly extreme inequality that we have, but really where would the inequality land in a way that is...
Good for society, but also good for innovation and creativity and all of those things.
We happen to be at an extreme right now that is sort of off the charts.
That's one point to make.
Another is that we have on the one hand market outcomes.
from the work people do, the changes and the innovations that they introduce, and so on, right?
We have that.
But we also have something called progressive taxation, which is a democratic policy.
And it was introduced a long time ago.
And progressive taxation is basically the fundamental notion that whatever the...
market outcomes are in society, we can decide democratically that we're going to put very heavy taxation on the ultra wealthy, and that we are going to create opportunities for others in society, access to education, and so on and so on.
Well, it turns out that progressive taxation has actually been defeated by the oligarchs.
And let me give you an example.
Starting in the 1950s and 60s, something I call the wealth defense industry emerges.
Because those tax rates were so high coming out of the Second World War, an entire private sector industry of armies of
lawyers, accountants, wealth management professionals, lobbyists of all kinds emerge.
And it's a multi-billion dollar industry today.
And its sole purpose is, A, to knock down the tax bracket rates in the first place by lobbying the legislative process, and then making sure that oligarchs actually don't pay those taxes or brackets at all.
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