Episode 504 • • 2:11:55 - 2:15:43
504: Twelve Fourteen
Art Laffer, Warren Buffett and Wealth Tax Hypocrisy
Economist Art Laffer and others criticize Warren Buffett for advocating higher taxes on the rich while utilizing complex tax circumvention through Berkshire Hathaway. Buffett's "Buffett Rule" is called hypocritical because it ignores unrealized capital gains and 501c3 deductions. The hosts suggest a "wealth tax" on those with over $10 million as a more honest approach to taxing billionaires like Buffett and Bill Gates.