The Livewire Politics Podcast
The purpose of this Podcast is simple – to provide a platform for contemporary news events and to share stories of importance which have been buried by the traditional news outlets. We have made a commitment to discuss a wide variety of topics with an evenhanded approach. LWP is committed to the free and open exchange of ideas; while maintaining a healthy level of dignity and respect for each other! Happy listening!
The Livewire Politics Podcast
Episode 17 | Taxing the Rich
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The Livewire Politics Podcast
On today's episode we examine the impacts of the so called "Tax the Rich" movement in American politics. It's an argument that has been going on since the 1920's and the basic justifications have not changed. Is there any evidence that lowering tax rates increases tax revenues? Preview: "The rich," higher-income taxpayers paid more — I repeat, MORE tax revenues into the federal treasury under the lower tax rates than they had under the previous higher tax rates. Buckle up for a wild ride!