You've got $50 trillion, you should be participating in the system the same as regular working Americans. I think it would be better just to bring the richest Americans into our regular income tax system, the way that all other Americans are in it, rather than coming up with special taxes that we say are specifically geared to the rich.

Legal scholar Ray Madoff joins us to discuss her new book from the University of Chicago Press, "The Second Estate: How the Tax Code Made an American Aristocracy." "The Moment of Truth" with Jeff Dorchen follows the interview.

Check out Ray's book here: https://press.uchicago.edu/ucp/books/book/chicago/S/bo256019296.html

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Guest

Ray Madoff

Ray D. Madoff is a professor at Boston College Law School and the cofounder and director of the Boston College Forum on Philanthropy and the Public Good. She is the author of Immortality and the Law: The Rising Power of the American Dead and lead author of The Practical Guide to Estate Planning. Her writing has appeared in The New York Times, The Wall Street Journal, The Washington Post, and The New York Review of Books, among other outlets.

How the Tax Code Made an American Aristocracy / Ray Madoff

Ray Madoff