Do We Actually Need Taxes?

📫 3,800+ read our free newsletter that has weekly origional stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 

📫 3,900+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices 

Rich people are often able to pay little or no tax compared to their wealth because of the way the system works. In recent years, many have called for changes and reforms so that instead of income, wealth is also taxed. But, wealth taxes are not a new thing. Many argue that they ...  Show more

It’s April and that means two things: spring and tax time! The US tax system is really, really complicated. Every time you do your taxes, you’re answering to multiple jurisdictions –– and all their laws about what you owe for what, and why. We’re taking a look at how our tax syst ...  Show more

It happens every year as tax season comes around in the US. Numerous media outlets publish excoriating investigations of wealthy corporations and individuals that, somehow, don't seem to be paying taxes. And the majority of American citizens believe the system is, in one way o ...

Every year, Americans short the I.R.S. nearly half a trillion dollars. Most ideas to increase compliance are more stick than carrot — scary letters, audits, and penalties. But what if we gave taxpayers a chance to allocate how their money is spent, or even bribed them with a t ...