Ep. 113: lmao just take all of their money and give it to babies
No more billionaires. Down with Bono. All money now goes directly to babies.
You've heard about inequality--and it's getting worse. 26 people now own as much wealth as the poorest 3.8 billion. What can be done to rectify the gulf between the richest .000000001% and the bottom 50%?
Some say "retirement accounts." We do not know why. Others have a neat idea called "Baby Bonds." Alexandria Ocasio-Cortez is reviving the idea of a high marginal tax rate, which the United States did for a very long time. Others still, say workers should seize the means of production, as history hitherto is the history of class struggle...
All that and more this week in a big episode all about inequality.
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R E A D I N G L I S T
Billionaires are policy failures
https://www.theatlantic.com/business/archive/2018/08/the-problem-with-bezos-billions/566552/
26 billionaires own as much as 3.8 billion people
http://time.com/5508393/global-wealth-inequality-widens-oxfam/
Bono’s opinion
https://www.irishtimes.com/business/economy/capitalism-is-not-immoral-it-s-amoral-bono-tells-davos-audience-1.3767763
Loss of “middle-skilled jobs” in cities
https://qz.com/1523673/the-loss-of-middle-skilled-jobs-is-increasing-inequality-in-cities/
Center for American Progress (JFC NONE OF THESE WOULD REVERSE INEQUALITY)
https://www.americanprogress.org/issues/economy/news/2014/01/28/82929/6-policies-to-combat-inequality/
Marginal Tax Rates
https://www.nytimes.com/2019/01/22/opinion/ocasio-cortez-taxes.html
MORE POPULAR THAN TRUMP TAX CUTS [DUH]
https://www.businessinsider.com/a-70-tax-on-the-super-rich-is-more-popular-than-trumps-tax-cuts-2019-1
Davos Corncobs Are Afraid of AOC.
https://www.cnbc.com/2019/01/22/davos-billionaires-are-scared-of-alexandria-ocasio-cortez-tax-proposal.html
Capital Controls
https://www.newstatesman.com/politics/economy/2019/01/why-70-cent-tax-rates-would-require-capital-controls
Cory Booker on Baby Bonds
https://www.vox.com/future-perfect/2019/1/21/18185536/cory-booker-news-today-2020-presidential-election-baby-bonds
O W N E R S H I P
https://www.theguardian.com/sustainable-business/blog/co-operatives-worker-ownership
https://theintercept.com/2018/12/26/esop-plans-employee-ownership-bernie-sanders/
https://www.theguardian.com/politics/2018/sep/23/labour-private-sector-employee-ownership-plan-john-mcdonnell
