Steve Lamar

It doesn't work anymore.

The ultra-rich are not paying their share.

And so, you know, why would they want to wear tiaras again?

Why would they want to attract that kind of attention?

They want to look just like us and pretend they pay what we pay when they don't at all.

Because they pay no taxes.

So how do they do it?

And how can we fix this?

And you might be asking, wait, does this really have to do with clothing?

Yeah, it does.

Because our taxes and our tariffs explain so much.

Not just about how rich people dress, but about how we all dress and how we all live.

After the break.

Back in the 1900s, when rich people used to wear tiaras and rent elephants for their parties at their huge mansions, it's not like it was the good old days.

U.S.

life expectancy was 47 years old.

And the economy was in such a bad recession that it introduced the term unemployment.

Like, people were living in tenements, barely scraping by in starving conditions.

There was extreme excess right next to utter destitution in the same city.

For the first 137 years of the United States, there wasn't really an income tax.