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Oct 25

Intelligence Squared Round-up: Are the Rich Taxed Enough?

Categories:

Business, Politics

by Zain Iqbal

Are the rich taxed enough or are they not paying their fair share? Yesterday’s debate featured lively arguments from both the pro and con sides of the issue. Check out some of the highlights below.

Robert Reich of the University of California at Berkeley calls the motion “absurd” and says logic dictates why you should raise taxes for the wealthiest 1 percent of Americans.

Robert Reich: Tax the Rich, Fix the Debt, It Makes Cents from Intelligence Squared U.S. Debates on FORA.tv

R. Glenn Hubbard, who serves as an economic advisor to the Mitt Romney campaign, says that higher taxes on the wealthy will discourage economic growth, which will continue to damage the nation’s hopes for an improved economy.

Don’t Tax the Rich, It Won’t Boost Economic Growth from Intelligence Squared U.S. Debates on FORA.tv

In this next clip, the Intelligence Squared debaters tackle a core issue on taxes: the federal budget deficit. Would raising taxes on the rich be an effective way to cut into the deficit?

Will Raising Taxes on the Rich Really Cut the Deficit? from Intelligence Squared U.S. Debates on FORA.tv

Watch the entire Intelligence Square U.S. Debate on taxing the rich, hosted by ABC’s John Donvan, below.

Debate: Are the Rich Taxed Enough in the United States? from Intelligence Squared U.S. Debates on FORA.tv

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  • Rocky Racoon

    And above it all stands the agneda Privatization the destruction of organized labour and the reduction of wages. The deficit is the means by which this will be accomplished if we let them. General Strike Agaisnt Austerity, Make Wall Street Pay for the Recession. Tobin Tax on Trades. Appropriate all off shore accounts illegally dodging taxes and jail the miscreants who are doing it. That is some 32 trillion parked off shore unproductive wealth not even being taxed. And they want to break into Social Security and Play with that-Use that money to speculate and it doesn’t matter if they’re wrong or right they still get rich off fee’s alone. Let alone the leverage they gain with YOUR money to make life Harder for you with Your own money.