Latest / Pitchfork Economics with Nick Hanauer
The Second Estate: Where Billionaires Don’t Pay. You Do. (with Ray D. Madoff)
Would it be a surprise if we told you the rich don’t actually live in the same tax system as everyone else?
Tomorrow is Tax Day, when millions of Americans will be filing their taxes or applying for extensions, so Nick and Goldy sit down with Ray D. Madoff, Professor of Tax Law at Boston College, and author of The Second Estate, to pull back the curtain on how wealth really moves—and why so much of it never gets taxed at all.
Because here’s the twist: The system wasn’t supposed to work this way.
But over time, something changed. Now, the people who live off paychecks carry the tax burden……
The skinny
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