Tax Fairness Might Lie in the Carbon Tax. The host for this show is Howard Wiig. The guest is Sara Brower.
One of the prime causes of today’s social unrest is the bifurcation of the economy. The middle class is stable but shrinking; the rich are getting richer and the ultra-rich are harvesting larger and larger of the nation’s GDP. Meanwhile, the lower economic 50% of America is stagnating or even trending downward, causing resentment and frustration and opening the way for strongmen to rise to power. A prime cause of economic bifurcation is a tax structure that favors the rich. As Warren Buffet says, “My secretary pays more taxes than I do.” A path to a fair tax system may be by instituting a carbon tax with built-in checks and balances that lessens the burden on the poor and middle class, and ensures that the rich pay their fair share. The creation of a fair system could in turn tamp down the acrimony prevailing on the American social structure.
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