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Detailed text transcripts for TV channel - MSNBC - 20130303:17:19:00

a lot of it is in ameritocracy there will always be some level of income inequality. that s not a bad thing if it s truly contributed to merit. a lot of this has been driven by government policy. it s been driven by the bailouts. it s been driven by monetary policy. it priorly has inflated values of financial assets owned by the upper classes. tax policy, too. a lot of tax policy. especially the lower rate for investment income is highly skewed towards the upper classes. so this is not an acceptable situation to the extent it s driven by government policies. we should work very hard to correct those. what are the specific tax reforms, some of them that you re calling for? i would like to, you know, the playbook what happened in 1986, and a similar recommendation made by the simpson/bowles commission, really clean the code out. start with making investment income taxes the same rate as ordinary income. ....

Income Inequality , Tax Policy , Government Policy , Monetary Policy , It Priorly , Investment Income , Tax Reforms , Government Policies , Allen Simpson , Investment Income Taxes , Bowles Commission ,