CC: I think it's called, you know, is it time to cap wealth at a billion dollars, or something like that. I'll send it along to you.
Rob: Okay so that's, now, you've been having conversations with these very wealthy people as part of your project that you just described. Is that part of the conversation at all? Do any of them feel that that's something possible or acceptable?
CC: Well you know actually I think a number of them, you know they're not a uniformed grouped but I think a number of them believe we should be very clearly advocating wealth taxation, so we don't really have an annual net worth tax. We have a tax at the end of life, an estate tax.
Rob: You know my son who's 25 has an idea. He says we should tax money that's saved. Over a certain amount. You don't tax somebody with 81,000 or 100,000 or even a million but if it's over some limit like 5 or 10 million and it's just sitting in a bank, tax it. Because it's not being used and it's not contributing productively. Is anybody talking about that?
CC: Yes, I think that's along the lines of the kind of, you know right now, this is a good time to be sort, people are paying attention to these great inequalities and we should be having a really robust debate about -
Rob: Alright so we're back. We've been talking. I'm talking with Chuck Collins and we've been talking about extreme wealth and the wealth inequality in this nation and the report that he and his group just generated. And we're talking about billionaires and I want to go into that a little deeper. Now you've worked with billionaires, right Chuck?
CC: I have and in our Patriotic Millionaires group we've explicitly reached out and engaged with a lot of multimillionaires and billionaires on issues of tax policy and the like.
Rob: And you've gotten a sympathetic response from what I understand.
CC: Yeah I think there's a segment of very high network people who understand how the current economy is not good for everybody. How it undermines you know the healthy function of the economy and that it's bad for everybody including the very wealth. I've had one billionaire say to me look I don't want my children and grandchildren to grow up in a like a Brazil like inequality, that's not the kind of society we want the United States to become. We want to live in an opportunity society. And they see how these inequalities are undermining that.
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