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Transforming Our Economy

About This Collection

Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

The Rich are Taxed Enough: A Riech-Laffer Debate

Robert Reich and Mark Zandi debated Glenn Hubbard and Arthur Laffer on the topic: "The Rich Are Taxed Enough." Moderated by John Donvan, the discussion addressed how to fix the U.S. economy.

With a nearing trillion-dollar budget deficit and high unemployment, the expiring Bush-era tax cuts presented a critical economic challenge. President Obama advocated raising taxes on incomes over $250,000 to reduce the deficit. Conversely, others argued the wealthiest 1% already pay over a quarter of federal taxes, and higher taxes on "job creators" would hinder economic growth. The central question remained: should tax breaks be extended for everyone, or are the wealthy not paying their "fair share"?

EarthSayers Glenn Hubbard; Robert Reich; Mark Zandi

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