Erica Payne was the first to speak and introduce the other speakers. She's the founder and president of Patriotic Millionaires and the mother of a 4 1/2 year old childd.
The economic inequality is the greatest in 50 years. Why was it greater in 1968?
For the first time ever, life expectancy is starting to go down in the US..
Erica Payne said that not all of the world's problems can be solved with money, but a heck of a lot of them can be.
Was it Robert Reich who said that too many people nod their heads in agreement so we need to get people who aren't in agreement to agree. He introduced Jake Kornbluth, who I guess is the brother of Josh Kornbluth, who did "Love and Taxes."
They all believe that all people, including the richest, will be better off in a more equitable society.
Consumer debt is now higher than in 2008.
When Robert Reich went around the nation with Jake Kornbluth in 2015 to see who the most desperate supported for president, the likeliest candidates appeared to be Jeb Bush and Hillary Clinton. But the people they talked to said they liked Bernie Sanders and Donald Trump because they'd really shake things up. Robert Reich also said he didn't think Trump was the cause of our present problems but the culmination of it.
Reich mentioned the positive election results in Virginia, Kentucky, and other places.
He said something like "Thank God for Donald Trump because he woke us up.
Eric Schaumburg talked on video about his wife and his income tax and how unfair it was--to their benefit. We tax investment less than labor.
We can find more info on https://taxjusticenow.org/
They say "America's ruanaway inequality has an engine: our unjust tax system.
Even as they became fabulously wealthy, the ultra-rich have seen theri taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more.
The US Flat Tax--what Romney said about 47% not paying their taxes. They don't pay federal taxes, but they do pay payroll taxes and consumption taxes.
The Progressive Fiscal Tradition in America from 1913 on? This was when FDR's asking congress to tax the rich 10% on anything over $25,000 after taxes. Congress agreed not to 100% but to 93%, and this went on until several decades afterwards.
Help the American public re-connect. Rise and Fall of Progressivity. Corporate Tax for the wealthy . In the 1950's revenue came form corporate tax.
European countries abandoned their wealth taxes because they made the wrong choices.
Looney Tunes cartoon Tax the Rich.
Leslie Marshall.
Barbara Pearl
If you die before you sell your stocks, the person who gets them won't be taxed the same?
If you donate appreciated stock, you can deduct the gain?
Bob Friedman
Are we investing in inequality?
The GI bill could be for women and people of color.
Bring back death taxes.
Richard?? serial entrepreneur
Carried interest loophole
Venture capitalists said it would drie companies out of California.
New Yorker article on David Rubenstein, who wants to keep the loophole open donated to the Washington Monument.
The most interesting presentation in my opinion was that of Paul O'Brien for Oxfam. He showed a picture of a golf course within a square mile of Kibera in Nairobi.
Someone spoke of a Marshall Plan for the 21st Century.
The next speaker was Bill Lazonick, who spoke on "sustainable prosperity" and the Geni Ratio.
PVE stands for Predatory Value Extraction. We need a value-creating economy.
