The vast majority of Americans—71 percent—believe the economy is rigged in favor of the rich. Guess what? They're right.
This week on Gathering Peace I talk with the authors of Tax the Rich!, a book about how millionaires and billionaires influence tax policy in their favor to create an unjust tax system in the USA.
How do you rig an economy? You start with the tax code. In Tax the Rich! former Black Rock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires, and Erica Payne, the organization's founder, explain the nation's tax code, and exactly how "the rich"—and the politicians they control—manipulate the U.S. tax code to ensure the rich get richer, and everyone else is left holding the bag.
Tax the Rich! dismantles the "intellectual" justifications for a tax code that virtually guarantees destabilizing levels of inequality and consequent social unrest.
You can hear this issue of Gathering Peace on Tuesday, Feb. 8 at 9:05 AM immediately after the weather, at WGDR 91.1 FM; WGDH 91.7 FM; online at www.wgdr.org (click on "Listen Live") or on Facebook. With on-demand streaming for two weeks after air date at www.wgdr.org/on-demand"