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Robert Reich, Chancellor's Professor of Public Policy at the University of California at Berkeley, makes the case why the rich should pay more in taxes. He asserts that the richest 400 Americans have more wealth than the bottom 150 million Americans put together, and according to Reich, logic dictates that you raise taxes on the top.
R. Glenn Hubbard, dean of Columbia Business School and economic advisor to the Mitt Romney campaign, makes his closing case for why the rich should not pay more in taxes. Hubbard asks how will the country be better off if the rich pay more?
The Intelligence Squared US debaters arguing whether the rich should pay more in taxes debate whether a higher tax rate on America's wealthiest will have any impact on the deficit.
The Intelligence Squared US debaters arguing whether the rich should pay more in taxes debate the legitimacy of the Simpson-Bowles act in framing deficit cutting tax proposals.