Topic: Vice Tax

The CEO of US Airways complained that airlines are taxed at 20%, a rate higher than that of "vices" like alcohol or tobacco. This leads to a broader discussion on the IMF's proposals for global carbon taxes and the hosts' ongoing analysis of a potential "wealth tax" as a solution to national debt.

Vice President Joe Biden has a tense exchange with a custard shop manager in Milwaukee who asked for lower taxes. Biden reportedly told the manager not to be a "smartass," though the manager later claimed the interaction was in jest.