Episode Details

Bob Lord is a tax lawyer, an associate fellow at the Institute for Policy Studies, and the Senior Vice President of Tax Policy Senior Fellow at Patriotic Millionaires. He discusses how the federal tax code, in its failure to tax the rich appropriately, is not just exacerbating wealth inequality, but also destabilizing democracy. The richest 19 Americans now own over 2% of the country's wealth, but pay as little as 4% effective annual tax, while the average American might pay around 20%.