1:57
>> WATCH THOSE SCENES.
1:59
>> OUT OF VENICE.
2:00
>> ANTONIO, I'M REMINDED OF ONE.
2:01
>> ASTONISHING FACT.
2:02
>> WHICH IS THAT THE 400 RICHEST
2:04
AMERICANS TODAY. HAVE AN.
2:05
>> EFFECTIVE TAX RATE.
2:07
>> THAT IS. HALF OF WHAT IT WAS
2:09
FOR THEM 50 YEARS AGO, WHILE FOR
2:11
THE BOTTOM 90% OF AMERICANS,
2:13
THEIR TAX RATES HAVEN'T.
2:15
>> BUDGED OR IN.
2:16
>> FACT.
2:16
>> HAVE GONE UP A LITTLE BIT.
2:18
TAKE THE CASE OF JEFF BEZOS. I
2:20
MEAN, IN HIS CASE, AND THERE ARE
2:22
MANY LIKE HIM.
2:22
>> IF YOU.
2:23
>> HAVE THE BENEFIT OF TAX
2:24
ADVICE OR OF LAWYERS WHO CAN
2:26
HELP YOU DO THIS, YOU CAN
2:27
ACTUALLY ENGINEER YOUR FINANCES
2:28
TO THE POINT THAT WHEN HE
2:31
ALREADY HAD $18 BILLION,
2:31
ACCORDING TO PROPUBLICA, HE PAID
2:32
SO LITTLE IN INCOME THAT HE
2:35
RECEIVED SO LITTLE IN INCOME, HE
2:37
PAID SO LITTLE IN TAX THAT HE
2:39
ACTUALLY QUALIFIED FOR.
2:39
>> A CHILD.
2:40
>> TAX CREDIT. THAT'S A SYSTEM
2:42
THAT DOESN'T MAKE SENSE.