The Billionaire Problem: How the Ultra-Rich Dodge Taxes While You Pay More | Episode 19
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The billionaire problem: ultra-wealthy business owners and investors aren’t paying into the tax system. The Warren Buffetts of the world are getting wealthier while average Americans struggle to buy necessities like groceries. So, how do the ultra-rich avoid paying taxes? Would a “billionaire tax” work and finally force the ultra-wealthy to fork over their fair share, or will they merely use their legal loopholes to dodge taxes and make the middle class foot the bill?
“Tax the rich” is, by most means, a misunderstanding at best and ignorance at worst. I want billionaires to pay more, as they should, but is that possible with the current tax system? What happens if we start taxing billionaires on their unrealized gains? Could this finally solve the government’s tax revenue problem or bankrupt the entire system?
I will explain, in depth, how the rich avoid paying taxes, the consequences of a “billionaire tax,” how much it would benefit the United States, and the EXACT strategies billionaires use to avoid taxes that you can copy.
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Chapters:
00:00 Intro
04:32 Billionaires Get Taxed, But…
06:09 Why They're Not Paying
10:25 No Gains? No Taxes.
13:55 Billionaires WANT More Taxes?
17:48 Where the Real Taxes Come From
19:16 What's Making Billionaires Richer
23:49 The Billionaire Tax Strategy
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