Richard Rubin
speaker
1,496 appearances
29 recordings
1 series
first heard Oct 2017
last heard Jan 2024
Richard Rubin’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
I mean, if we're in a place four to six to eight weeks from now where the economy is still looking fragile, you might see some desire for Congress to do this again if necessary.
there's sort of better control of the virus and people are back to work sooner than people expect, then maybe not.
The administration had been talking about two rounds of payments, but the bill only allows for this first round.
So they may get checks.
And, you know, unfortunately for people who are unbanked, you know, you would have to go to some sort of check cashing operation and probably pay a fee.
The other possibility is there's been some discussion of debit cards.
And we'll just have to see whether they can make that work for people or not.
Not quite like this.
And it's really the combination of two things that she's doing, which is really raising income taxes somewhat within the current system that we know, and then layering on top of it this new wealth tax that would apply every year.
And so...
The way you get to 100% is you think about the amount of income or gain in wealth that you would have and what one's tax bill would be.
And the tax bill is larger than what your gain might be in a bunch of different circumstances for very wealthy people.
I mean, look, there'll be all sorts of attempts at tax avoidance.
But if they did, they certainly would pay that.
And what would happen is, and this is not an unintended consequence of the plan, it's a feature of the plan, which is that their fortunes and their wealth would shrink unless they had really large investment returns.
So if you have sort of an ordinary 2% to 4% to 6%,
return on your investment every year and you're a billionaire under this proposal, you will have more taxes than you're gaining and therefore your wealth, your fortune will shrink every year.
Yeah.
The U.S.
is a low tax country.
Showing 1181–1200 of 1,496 · page 60 of 75
← Previous
Next →