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Back with me to continue our discussion on taxing the rich or not is nick hanour, he s a co-founder of venture partner capitals and joining me is dorothy brown, an award-winning professor of tax law and the author of the whiteness of wealth, how tax system impoverishes black americans and how we can fix it. dorothy, i want to stake with that beautiful sidelined book jacket, which reinforces the thesis of the book. in recent years, and we ve talked about it on this show today with the uprisings of black lives matter, there s been a growing awareness of how policing affects the exent to which black lives matter matters in this society. there has been with covid some amount of ring about how health care disparities affect the extent to which black lives matter matter in this society. ....
From republicans, from leftists, and even from the president, who tweeted the next day, it s time for the super-wealthy and big corporations to pay their fair share in taxes. to make good on that pledge, president biden has unveiled $3.6 trillion of new taxes on the rich and big corporations, raising the top income tax rate, raising the corporate tax rate, raising the tax on capital gains over $1 million, and raising the inheritance tax, in order to expand the social safety bills. joining me now to dig into this discussion of taxing the rich is nick hanour, with second avenue partners. and a rare example of a rich guy who wants to tax the rich more. as well as dorothy brown, she s an award-winning professor of tax law, visiting georgetown law this semester. and also the author of the whiteness of wealth. how the tax system impoverishes black americans and how we can fix it. nick, i m going to start with ....
Caught fire yes. so the dress was fire, yes? the dress is why we re talking about this. so god bless the representative. and i think it s really important to go back to what nick said. what s divisive is a tax system that causes black americans to pay higher taxes than white americans when they engage in the same activity. what s divisive is lower-income americans paying a higher tax rate than jeff bezos. that s divisive. but we don t call that divisive, right? it s insane! i could not agree more. i could not agree more. annan, i just go ahead. go ahead. i wanted to ask you, nick, you not only are rich, but you said you occasionally or frequently hang out with rich people. can you explain to folks, regular viewers watching this morning, some of the tricks that rich people use to not pay taxes. because it s not only a matter of the rates being low, which ....
Basis on inherited property. we need to make sure that the wealthy get taxed on their appreciated assets and that we don t discriminate against labor by giving a low, preferential tax rate to income from stock. it s outrageous. nick hanour and dorothy brown, thank you so much for joining us on this sunday morning. that does it for me. thanks for watching this sunday morning. ali velshi and his beautiful bald hea will be back here next weekend. the sunday sho with jonathan capehart starts right now. it s september 19th. i m jonathan capehart. this is the sunday show. this sunday, we re left a big underwhelmed by the protest planned at the capitol yesterday. what was supposed to be a strong show of support for the insurrectionists ultimately attracted a small crowd of about 400 to 450, many of whom were journalists, bystanders, and ....
In the biden administration versus the obama administration is chalk and cheese. the biden administration at least don t buy that neoliberal nonsense that tax cuts for rich people create growth and raising wages kills jobs. they are not neoliberal and trying to do the right thing, in my opinion. i think we are living through a moment of churn, and so there s a lot more to talk about. nick hanour and dorothy brown, please stay with us. i want to continue this important conversation after the break. continue this important conversation after the break. are the things america makes out here. the history she writes in her clear blue skies. the legends she births on home town fields. and the future she promises. when we made grand wagoneer, proudly assembled in america, we knew no object would ever rank with the best things in this country. but we believed we could make something worthy of their spirit. here you go, let me help you. ....