Inequality.org

connecting the dots on a growing divide

Chuck Collins: Taxing the Wealthy

Posted on November 15, 2011 in Taxes, Videos on Inequality, Wealth

In this TEDxHampshireCollege talk, Chuck Collins, the director of the IPS Program on Inequality and the Common Good, discusses an economic and moral rationale for increasing taxes on the wealthy.

Richard

Chuck you are free to take all of your excess wealth and give it to the US Government. Put your money where you mouth is. Also Charlie in NH has paid taxes for 30 years to pay for all the infrastructure that you talk about.
- http://www.facebook.com/tyler.comstock Tyler Comstock
  
  If he alone paid higher taxes it wouldn’t make the slightest difference. He is proposing is that everyone in his financial situation pay higher taxes. Freedom from taxes sounds good but we need to recognize that freedom from taxes means freedom to horde wealth. His wealth was not earned in a vacuum but rather built upon a framework created and sustained with the tax revenues of those who came before. If we abolish taxes can we rely on corporations to build and maintain infrastructure? Would it be called a tax if you had to pay to use a private road or hire a private police or fire department? If your neighbor’s house was ablaze and they couldn’t afford a private fire department would you loan them the money or toast marshmallows?

Inequality.org

Chuck Collins: Taxing the Wealthy

Read previous post:

America’s Real Poverty Rate

The Global Super-Rich Stash: Now $25 Trillion

Items recommended for you:

Read previous post:

America’s Real Poverty Rate

The Global Super-Rich Stash: Now $25 Trillion