Pete Buttigieg

But look, in reality, we tax across a variety of things, right?

But look, in reality, we tax across a variety of things, right?

There's income taxes, payroll taxes, property tax.

There's income taxes, payroll taxes, property tax.

Wealth tax would be kind of along the lines of a property tax.

Wealth tax would be kind of along the lines of a property tax.

And the thought, of course, is that you've got a lot of folks who have become incredibly wealthy.

And the thought, of course, is that you've got a lot of folks who have become incredibly wealthy.

And importantly, the way taxation works now, less and less of the way the wealthiest people accumulate their income is actually booked as income, right?

And importantly, the way taxation works now, less and less of the way the wealthiest people accumulate their income is actually booked as income, right?

And this is why you have these stories of, you know, multibillion dollar corporations or multibillion dollar individuals somehow paying an effective tax rate that's lower than

And this is why you have these stories of, you know, multibillion dollar corporations or multibillion dollar individuals somehow paying an effective tax rate that's lower than

than a teacher or a firefighter.

than a teacher or a firefighter.

And I think most people get that that's wrong.

And I think most people get that that's wrong.

So I guess my overall take is, you know, everything has a balance, everything has limits.

So I guess my overall take is, you know, everything has a balance, everything has limits.

But if you're asking me the question, are the wealthiest people in America right now paying too much tax or too little tax, I would say the wealthiest are paying too little tax.

But if you're asking me the question, are the wealthiest people in America right now paying too much tax or too little tax, I would say the wealthiest are paying too little tax.