Detailed text transcripts for TV channel - MSNBC - 20111029:11:40:00
Money we spend just on preparing taxes. 8 billion hours. >> we all agree simplification is where we need to go. it's a demand crisis. >> i want to get back to the central issue of, because there's two sides of this inequality. there's the fact that our tax code isn't doing a very good job of mitigating the effects of inequality. before we get to tax and transfers, the signature fact of the american political economy in the last 30 years is the fact that the 1% has seen this massive expansion of what percentage of the national income it captures and how do you understand that phenomenon? what i...