Billionaire tax (E1)
In this episode, Front Running looks at the ‘billionaire tax’ proposed by the likes of Bernie Sanders and Elizabeth Warren. What is driving the demand for this tax? Why are billionaires suddenly so hated? Where do billionaires even come from? Is there such a thing as ‘odious wealth?’Front Running and guests, Dr Michael Hudson and Professor Steve Keen, look at the massive rise in wealth inequality and the central bank money printing that has contributed to it. They trace the rise of finance capitalism at the expense of the industrial capitalism which made America great for decades after WWII. Can taxes ever make America great again? Or is something more profound required to restore the wealth creation machine that powered the largest middle class in history?