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Of debt? and is it as simple as going to the very top of the tax scale, to the bezoss and the warren buffets, please tack me more, warren buffet, not bezos, and getting more money out of them? >> i think there is nothing perfectly simple in this space, but we've managed to pay for many of our spending programs in precisely that way. so the inflation reduction act actually lowers the deficit over ten years, and it does so by paying for investments in clean energy, by paying for lower health care costs, and by increasing taxes on those who have done particularly well, and have in many cases avoi...

We spoke with a financial advisor who has some some advice for anyone looking to re-evaluate how they spend their money.

Not that long ago there was a broad political consensus that a fair and efficient tax system has a broad tax base and low tax rates. The grand bargain was no special interest loopholes and low tax rates to boost the economy and jobs. As recently as the 1980s, Democrats and Republicans joined together to pass a tax reform that lowered income tax rates to 28 percent, while eliminating deductions and carve outs. Nearly every Senate Democrat, including Ted Kennedy, Al Gore, Joe Biden, Bill Bradley, and Howard Metzenbaum, voted for this new system.

Warren Buffett's Berkshire Hathaway increases its stake in companies like Ally and Activision, shedding Verizon.

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