Neera Tanden

Yeah.

So I think, to me, the most important question is how do we use... How do we... What ideas can we have, which there are many, to reduce the kind of overwhelming political power and economic power of the very wealthiest people in America?

And...

You know, I would just also note, you know, if you just look at, say, the 1995 tax code, okay, it was in the heart of the Clinton administration.

It had pretty high taxes, and the economy was doing very well, okay?

We were still able to have a tech boom.

We had pretty high tax rates on income.

We had pretty high tax rates on the highest end and on –

capital gains.

And, you know, we didn't do these three rounds of tax cuts that George Bush did on dividends and all these other things.

We're just a wealth of areas that we have cut taxes on over the last 20 to 30 years that we could undo without the Supreme Court challenge or other challenge that a wealth tax would raise.

And so it might be easier to start doing those and see where we land up.

So I think we should start with what our values are, right?

Like, I think, you know, we should reward merit in our country.

We should ensure that, like, people can rise, etc.

We shouldn't, you know, we shouldn't make it so much easier to have benefits of capital over labor.

You know, you should reward work, etc.

So if you, like, those values to me mean that you would eliminate things like stepped-up basis, which is a way in which really wealthy people kind of hide money from taxes and enrich their heirs.

You should have a higher estate tax, in my view.

You should have raised capital gains, you know, increase, not lower taxes on dividends.