Episode 1195 • • 2:21:22 - 2:25:50
1195: Iranahams
Michael Bloomberg and Christine Lagarde on Regressive Taxes
In a 2018 IMF discussion, Michael Bloomberg and Christine Lagarde argued that regressive taxes on the poor, such as soda taxes, are "good" because they force behavioral changes. Bloomberg stated that higher taxes on sugary drinks and coal are necessary to make the poor live longer, regardless of the economic impact on their jobs.