Tax the Rich!
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Tax the Rich!
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We already tax the rich. Like, a lot. The top 1% pays over 40% of their income in federal taxes while shouldering more than 80% of the federal government's revenue. So why does everyone keep yelling "tax the rich" and "pay your fair share" as though it's not already happening? Lou and Phil follow the money and the rhetoric to uncover who's really behind the push for wealth taxes, what they're actually after, and why the same policies that failed spectacularly in Europe are now being repackaged for American cities and states. Spoiler: billionaires have moving trucks, and they're not afraid to use them.
Welcome to Happy Hour Econ from Free To Choose Network, where comedian Lou Perez and economist Phil Magness serve up weekly shots of economic reality with a chaser of sanity.
No PowerPoints, no pretense—just two guys who've figured out that the best way to understand why everything costs more is to stop taking it so seriously.
Pour yourself a drink, pull up a stool, and join Happy Hour Econ—because understanding the economy shouldn’t require a Ph.D. or a hangover.