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Ralph Nader on Tax Reform

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    “The Seventeen Solutions” author Ralph Nader on what is needed to reform the U.S. tax system.

  • Duration 5:59
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-- -- and again let's say you're right about this and got a spread -- wealth I did you and I can disagree on on some of the particulars of that but I'll defer to you on that for the the making this argument.

If if it's -- -- levity corporations.

Or the well to do to.

Are footing the bill.

And paying the taxes and 47 present are not paying any income taxes federal income taxes by the way -- I -- nothing away.

From those of date so security taxes from those are retired who who who -- a life.

-- paying taxes are not here to minimize their contributions or get into a class warfare of which I am saying that when I -- -- graduated from.

Grad school that figure was around 24%.

Its balloon to almost there.

How is that constructed to what Ralph Nader wants to do when so few appear to have skin in the game.

-- I mean first of -- you raise the minimum wage so level of 1968.

Just super inflation.

That's tens of billions of dollars for thirty million workers who are making less now.

Then workers made in 1968.

-- what was that spreads led to a minimum wage -- -- today.

To ten dollars and thirty cents that's three equivalent of 96.

I guess also -- hello leaving behind -- what we can argue about how effective will be for small business owners and their -- willingness to hire.

Obviously that -- there -- that that raises their base they they become taxpaying Americans.

Then what how much of a different -- that -- how much will that bring down that 47% maybe to 40%.

Yeah but that's -- easy one that's a quick one.

But others are are more effective you have a public works program these are well paying jobs and they'll pay they'll pay income tax -- you see I think we should tax.

First.

The speculators stock transactions tax pollution carbon tax even Exxon is okay where that.

Tax corporate crime tax addictive product before we tax work.

And also we should have a national debate on a progress.

I think you're automatically coming in taxing I know you don't like Wall Street I know you evident through distrust of the financial guys much of that deserved over the years.

If you right from the get go setting up a series of punitive taxes or -- more taxes.

Who would invest in an environment and and in a country that does that.

Well -- tax things that society wants to diminish.

That's why there's a tobacco tax for example you tax things we -- zionists are stock market we -- -- diminished capitalism we want we lot of don't want to free enterprise.

No we want to diminish corporate crime wonderment as pollution we wanted them -- -- only after just until I don't know what to think about this route from going after the U criminals are you destroying it.

For those who and I -- you find the startling beliefs are not criminals are not provide that just you don't because they don't work on Wall Street.

They're not Lucifer.

-- the you don't you don't tax corporations that are engaged in criminal behavior.

What you do get unless it is not clear -- we understand forty what do you do criminal behavior.

You don't.

You don't tax wild six fears speculation bets on -- some -- derivatives derivatives.

That's just casino capitalism is business week called it's not productive.

And that's a problem these corporations are sitting on two trillion dollars -- money they're not giving adequate dividends to their owners who they don't.

I -- he's out on that a lot of deer.

Would they don't know what's happening on taxes a lot of them -- -- double tax for bringing money that's already been taxed and I don't.

A lot of -- regulations is that same -- easier like and a lot of that your healthcare law that just gets messy and -- -- today.

So the better part of the ballot for these guys I know you don't like -- Is to sit -- on their cash.

There's a lot of don't want to give a dividends back to their shareholders number one.

And a lot of them are up right away about it right on -- -- -- -- very little appetite here at what we're gonna tax dividends at the top income rate why should they bother.

I agree with Ronald Reagan -- tax dividends capital gains and ordinary income all of the -- -- statement is Ronald Reagan too radical for Fox News and Neil Cavuto well -- says I told you before we talk about -- Ronald Reagan in 1986 tax act.

Did try to close loopholes -- get rid of special allowances in Greta just you're quite right to make sure you would -- the tax base.

And those were avoiding Baghdad is did not -- you're quite right about that but the idea -- -- -- just Willy Nilly raise taxes.

It was to close loopholes that prevent -- so many.

From paying taxes here's why -- you trust the government to handle this.

I do not.

You'll give -- whatever -- virtue that I do not share you don't words in my -- to zero again and addressing these enterprises I do not.

But -- you don't sit down you know my concern.

Meant listen you know you can't count and -- we've sued government so.

Don't put words in my mouth.

I want the people control -- government I don't want a few corporations to turn.

Control -- majority of members of congress in -- cash to nullify votes that's that's number one.

Number two minute -- he should be called -- rule that Romney is so far don't let him do Ronald Reagan of an editor at.

It is so far to the right of the Reagan so far to the right of -- And so are the Republicans in congress we're dealing here with a rogue Republican Party and the fact is that the.

Yeah there's not a landslide above spelling -- so.

Yeah it by that much the same -- same both parties are telling us you are putting more trusted government that -- and -- you -- will get it right -- bottom -- Now -- I want better elected officials would shape the future of our government.

Therefore I want more voter choice -- -- they they locked up Jill Stein is aggrieved party eight hours change.

During a debate and -- -- -- -- because you wanted to highlight the fact that third part -- are shut out of debates is low around I -- have you back unfortunate creature of -- corporate time.

But it's always good having -- any solutions bold ideas -- American future period or make you think.

You -- think he's hawking a book now battle.

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