The Second Estate: Where Billionaires Don’t Pay. You Do. (with Ray D. Madoff)
Would it be a surprise if we told you the rich don’t actually live in the same tax system as everyone else?
Tomorrow is Tax Day, when millions of Americans will be filing their taxes or applying for extensions, so Nick and Goldy sit down with Ray D. Madoff, Professor of Tax Law at Boston College, and author of The Second Estate, to pull back the curtain on how wealth really moves—and why so much of it never gets taxed at all.
Because here’s the twist: The system wasn’t supposed to work this way.
But over time, something changed. Now, the people who live off paychecks carry the tax burden… while the people living off wealth often don’t have to play the game at all.
Professor Madoff explains what happened and what it would take to fix it.
Ray D. Madoff is a professor at Boston College Law School and director of the Forum on Philanthropy and the Public Good. She is a leading expert on tax policy, wealth, and philanthropy, and author of The Second Estate: How the Tax Code Made an American Aristocracy.
Social Media:
Further reading:
The Second Estate: How the Tax Code Made an American Aristocracy.
The Atlantic - How to Tax Billionaires
CNBC - Lawsuit over $21 million donor-advised fund highlights risks of DAF giving
Washington Post - A Signature GOP Issue Is Omitted From Trump’s ‘Big’ Tax Bill. Weird
New York Times - America Builds an Aristocracy
Website: http://pitchforkeconomics.com
Facebook: Pitchfork Economics Podcast
Bluesky: @pitchforkeconomics.bsky.social
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
TikTok: @pitchfork_econ
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Twitter: @PitchforkEcon, @NickHanauer
Substack: The Pitch
More description
Would it be a surprise if we told you the rich don’t actually live in the same tax system as everyone else?
Tomorrow is Tax Day, when millions of Americans will be filing their taxes or applying for extensions, so Nick and Goldy sit down with Ray D. Madoff, Professor of Tax Law at Boston College, and author of The Second Estate, to pull back the curtain on how wealth really moves—and why so much of it never gets taxed at all.
Because here’s the twist: The system wasn’t supposed to work this way.
But over time, something changed. Now, the people who live off paychecks carry the tax burden… while the people living off wealth often don’t have to play the game at all.
Professor Madoff explains what happened and what it would take to fix it.
Ray D. Madoff is a professor at Boston College Law School and director of the Forum on Philanthropy and the Public Good. She is a leading expert on tax policy, wealth, and philanthropy, and author of The Second Estate: How the Tax Code Made an American Aristocracy.
Social Media:
Further reading:
The Second Estate: How the Tax Code Made an American Aristocracy.
The Atlantic - How to Tax Billionaires
CNBC - Lawsuit over $21 million donor-advised fund highlights risks of DAF giving
Washington Post - A Signature GOP Issue Is Omitted From Trump’s ‘Big’ Tax Bill. Weird
New York Times - America Builds an Aristocracy
Website: http://pitchforkeconomics.com
Facebook: Pitchfork Economics Podcast
Bluesky: @pitchforkeconomics.bsky.social
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
TikTok: @pitchfork_econ
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Twitter: @PitchforkEcon, @NickHanauer
Substack: The Pitch
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