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By Thomas McKenna
$28.04 is the price of French Economist Thomas Piketty’s bestselling book
Capital in the Twenty-First Century. If you were to ask Mr. Piketty if he should be allowed to keep his profits, he would probably say yes. After all, his 685 pages of dense economic analysis came at a high price: many years of education, research, and writing. He should be allowed to reap the fruits of his labor, right? Don’t be so sure. If we were to apply the theory that undergirds Mr. Piketty’s book to his own income, we would find that he must relinquish most of it. Mr. Piketty’s book is grounded in an ideology that values economic equality over economic freedom and rebukes capitalism as an immoral system. His chapter titled, “Rethinking the Progressive Income Tax,” lays it out for your lying eyes.
percentage of your income in tax. of the progressive income tax states currently look at the past year, they collectively lost about 293,000 people in 2018. the states ha had number of them gained 139,000 people. increasingly it does seem like people, based on taxes, both income and property tax, are trying to move to places where the government doesn t take quite as much of it. leland? all right. makes sense. jeff flock there in a very rainy hammond, indiana. thanks for braving the weather for us. happy new year. and democratic senator elizabeth warren has taken a major step toward running for president. she spoke just a few minutes ago. more on that. first, live look now at the dow. up about 200 as traders are trying to finish off the year in the green. it will be hard though to make the whole year green. it s been a wild month. we ll be right back. .
the way tariffs began, they were the income tax. we didn t have an income but tax and we were a turf based econom economy. we introduce the progressive income tax and that would pretty much stopped growing. if we was tariffs correctly in a reciprocal manner, as 2.5%. it works. but my favorite part that we haven t talked about is trump skipping the climate meeting. he said, i don t think i have to meet with any sanctimonious euro yahoos who are going to tell me about how important the carbon offset credits are. trump knew that the climate accord for paris would just put pressure on our economy, and it was a trap. plus he has an 18 hour flight to singapore. but he doesn t need to prep for singapore. he s been prepping his whole life. is taking time on saturday morning for the women s
he is not familiar with all the deceptive ways planned parenthood will sneak through funding for abortion. so when you look at the other health care things, planned parenthood does. well, you really are funding the abortion. okay. if they do any abortions, no funding for planned parenthood. that isn t inconsistent. that is a slight change to a position because he hasn t spent his life being policy. but he is coming one more specific answers than i think the other guys are. hold on. first, it is an slight change when you go from being pro choice to pro-life when you run in the primary. but he actually changed his mind this week. that s what i was talking about. he said on this show, i think yesterday, maybe the day before. that he was fine with the progressive income tax when you reach a certain point, you should pay more. the day before he suggested he was in favor of a flat tax. literally 24 hours before.
citizens united whether it gets overturned or whether it gets expanded as it has ever since citizens united but there s another route for advocates who are not upset with that decision to take and that is a constitutional amendment. a majority of people oppose citizens united but they say it s too hard, it s impossible to have an amendment. history suggests otherwise. and we ve had applen amendment that gave women the right to vote. an amendment that created the progressive income tax. popular election of senators. it s just a question that in the congress today, there is the 28th amendment standing there with i think over 140 congressmen and 41 senators for it. but people just feel that they re spectators that there s nothing that they can do. and maybe that s a route that s going to have to be taken rather than hoping that the supreme court changes and you get a president who will do so. interesting. in this lead-up to this interview, we pointed out that the supreme court is going