Income Inequality and the Carbon Tax (Code Green)
Tax Fairness Might Lie in the Carbon Tax. The host for this show is Howard Wiig. The guest is Sara Brower.
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\nOne of the prime causes of today\u2019s social unrest is the bifurcation of the economy. The middle class is stable but shrinking; the rich are getting richer and the ultra-rich are harvesting larger and larger of the nation\u2019s GDP. Meanwhile, the lower economic 50% of America is stagnating or even trending downward, causing resentment and frustration and opening the way for strongmen to rise to power. A prime cause of economic bifurcation is a tax structure that favors the rich. As Warren Buffet says, \u201cMy secretary pays more taxes than I do.\u201d A path to a fair tax system may be by instituting a carbon tax with built-in checks and balances that lessens the burden on the poor and middle class, and ensures that the rich pay their fair share. The creation of a fair system could in turn tamp down the acrimony prevailing on the American social structure.
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