Solving the National Debt: Raise Taxes on the Wealthy | SFM E98

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Ever wondered how something as simple as a gradient puzzle could transform your day? Find out in this episode as we celebrate the zen-like qualities of gradient puzzles and their unique ability to relax and center your mind. Then, join us as we toast an extraordinary academic milestone: our guest's insightful paper on compassionate principalism in bioethics has been accepted by a prestigious journal. Discover how integrating compassion into healthcare could revolutionize the way we treat pain and suffering, offering a more holistic approach to medical ethics.
Ever thought printing more money could solve national debt? Think again. We break down why this common misconception is flawed and explore the real driving forces behind national debt—policies that have favored the wealthy since the 1980s. This discussion not only debunks the household debt analogy but also highlights the societal and geopolitical consequences of national borrowing. Learn why the issue isn’t just about government overspending, but rather how wealth disparity and tax policies have shaped our current financial landscape.
Why has national debt become a tool for enriching the wealthy rather than addressing public needs? We take a deep dive into the historical tax rates and the growing influence of money in politics, revealing how these factors contribute to political gridlock. With insights into potential solutions like ranked choice voting and reflections on the pandemic response, we offer a comprehensive look at how to tackle these entrenched issues. Plus, hear our critical review of Noah Fisher's "Economics 102" podcast for more perspectives on economic stability. Join us for a thought-provoking journey through the complexities of national debt, enriched by our guest's expert insights and timely reflections on upcoming 4th of July celebrations.

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Comments? Feedback? Questions? Solutions? Message us! We will do a mailbag episode.

Email: [e-mail]
Adam: @ajbraus - [e-mail]
Scot: @scotmaupin
adambraus.com (Link to Adam's projects and books)
The Perfect Show (Scot's solo podcast)
The Numey (inflation-free currency)

Thanks to Jonah Burns for the SFM music.

Chapters

1. Solving the National Debt: Raise Taxes on the Wealthy | SFM E98 (00:00:00)

2. Gradient Puzzles and Academic Achievements (00:00:25)

3. Understanding the National Debt and Taxes (00:09:59)

4. The Impact of National Debt (00:18:53)

5. Perspectives on National Debt and Wealth (00:26:58)