Episode

6/1 Julia Ott: How Tax Policy Created the 1%

June 1, 2017

Julie Ott, a Professor of Capitalist Studies at the New School, explains capital gains tax cuts and the push for inequality. Why the tax code favors investors over workers. The ACA and capital gains. The racial inequality built into lower capital gains rates. Capital gains cuts and racism and the southern roots of the policy. Why private investors don’t drive innovation and the roots of the Laffer Curve myth and the financial myths that continue to feed mass inequality.

On The Fun Half: Why students protest on college campuses. The ongoing crisis in Brazil. Nigel Farage is a “person of interest” in the Russia probe and he stopped by Fox & Friends to complain about Kathie Griffen. ICE deportations and the broadening bigotry under the Trump Administration. Rick Santorum says the sun is not reliable and your calls and IMs.

Cast: Sam Seder @samseder, Michael Brooks @_michaelbrooks, Matt Lech, @mattlech and Kelly Carey, @kellycarey. 

Check out today’s sponsors! Omaha Steaks, www.OmahaSteaks.com: enter code REPORT in the search bar.  And Harry’s! Go to Harrys.com/MAJORITYREPORT right now to redeem a special offer for fans of the show: Harry’s will give you $5 off one of their Shave Sets.

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