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Steve Lamar

๐Ÿ‘ค Speaker
232 total appearances

Appearances Over Time

Podcast Appearances

Articles of Interest
Taxes and Tariffs

And in addition, rich people have somehow managed to wiggle out of all the other taxes, out of the payroll tax, out of the estate tax, out of the income tax, out of so many other measures that were supposed to make sure they contributed fairly to society.

Articles of Interest
Taxes and Tariffs

Even though I'm a good little liberal and I believe in more paved roads and universal health care and big government, I still don't like it.

Articles of Interest
Taxes and Tariffs

It's not like you like paying taxes, right?

Articles of Interest
Taxes and Tariffs

No, nobody likes paying taxes.

Articles of Interest
Taxes and Tariffs

We're not supposed to like it.

Articles of Interest
Taxes and Tariffs

Professor Ray Madoff doesn't like paying taxes, even though she studies taxes and teaches tax law and wrote a great book about taxes called The Second Estate.

Articles of Interest
Taxes and Tariffs

But as she once told me, taxes are supposed to be like this cat and mouse game where we citizens try to pay fewer taxes and find loopholes.

Articles of Interest
Taxes and Tariffs

And the government goes, no, and we go, oh, man, and we grumble and we pay up like that's how it should be.

Articles of Interest
Taxes and Tariffs

Here is how the wealthiest Americans pay no taxes.

Articles of Interest
Taxes and Tariffs

Some of the richest Americans only take a small salary.

Articles of Interest
Taxes and Tariffs

I mean, it's small for them.

Articles of Interest
Taxes and Tariffs

It's only a tiny percentage of what their companies are worth.

Articles of Interest
Taxes and Tariffs

Mark Zuckerberg makes a dollar.

Articles of Interest
Taxes and Tariffs

Larry Ellison also paid himself a dollar a year.

Articles of Interest
Taxes and Tariffs

Elon Musk once violated California labor laws by paying himself too little.

Articles of Interest
Taxes and Tariffs

And all this accumulated wealth is just sitting there in their investments, and they do not sell their stock.

Articles of Interest
Taxes and Tariffs

A lender is delighted to loan to Larry Ellison or Elon Musk.

Articles of Interest
Taxes and Tariffs

So you take out a loan to pay the loan?