Who Really Pays Taxes? (Glenn Loury & Laurence Kotlikoff)

Does the US tax system favor the rich? ... Why spending is more equally distributed than wealth ... How Larry makes his calculations ... How billionaires can avoid paying taxes ... Larry: We should tax consumption instead of income or wealth ... Larry critiques Andrew Yang's universal basic income plan ... Should Trump get credit for a good economy? ... This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit glennloury.substack.com/subscribe