Tax the Rich!: How Lies, Loopholes, and Lobbyists Make the Rich Even Richer

Tax the Rich!: How Lies, Loopholes, and Lobbyists Make the Rich Even Richer

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Overview

A powerfully persuasive and thoroughly entertaining guide to the most effective way to un-rig the economy and fix inequality, from America's wealthiest “class traitors”

The vast majority of Americans—71 percent—believe the economy is rigged in favor of the rich. Guess what? They’re right.

How do you rig an economy? You start with the tax code. In Tax the Rich! former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires, and Erica Payne, the organization’s founder, take readers on an engaging and enlightening insider’s tour of the nation’s tax code, explaining exactly how “the rich”—and the politicians they control—manipulate the U.S. tax code to ensure the rich get richer, and everyone else is left holding the bag.

Blunt and irreverent, Tax the Rich! unapologetically dismantles the “intellectual” justifications for a tax code that virtually guarantees destabilizing levels of inequality and consequent social unrest. Infographics, charts, cartoons, and lively characters including “the Werkhardts” and “the Slumps” make a complicated subject accessible (and, yes, sometimes even funny) and illuminate the practical reforms that can put America on the road to stability and shared prosperity before it’s too late. Never have the arguments in this book been more timely—or more important.

Product Details

ISBN-13: 9781620976265
Publisher: New Press, The
Publication date: 04/13/2021
Pages: 336
Sales rank: 59,400
Product dimensions: 5.50(w) x 8.50(h) x (d)

About the Author

Morris Pearl, a former managing director of BlackRock, is chair of the Patriotic Millionaires, a group of hundreds of high-net-worth Americans committed to making all Americans better off by building a more prosperous, stable, and inclusive nation, and ensuring that millionaires, billionaires, and corporations pay their fair share of taxes. He lives in New York City.

Erica Payne is founder and president of the Patriotic Millionaires, a group of hundreds of high-net-worth Americans committed to making all Americans better off by building a more prosperous, stable, and inclusive nation, and ensuring that millionaires, billionaires, and corporations pay their fair share of taxes. She is the author of The Practical Progressive! A graduate of the Wharton School, she lives in Washington, DC.

The Patriotic Millionaires is a group of hundreds of high-net-worth Americans committed to making all Americans better off by building a more prosperous, stable, and inclusive nation, and ensuring that millionaires, billionaires, and corporations pay their fair share of taxes.

Table of Contents

A Note from Morris Pearl vii

A Note from Erica Payne xix

1 What Exactly Is "Rich"? 1

2 WTF Is the "Economy," and Why Do the People Who Wrote This Book Keep Calling It the "Political Economy"? 29

3 How to Rig an Economy 45

4 Tax Tricks 67

5 The Double Irish Dutch Sandwich and Other Corporate Tax Machinations 105

6 On Lies and Liars 135

7 Unrigging the Political Economy to Create a More Perfect Union 171

8 Here's How We Do It 215

Dedications 225

Acknowledgments 226

Notes 227

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