Historian Rutger Bregman, whose speech at the Davos World Economic Forum went viral, explains why often-dismissed plans to correct inequality can actually work.
Who are the real wealth creators — garbage “men” or bankers?
“Since the early 90s, the vast majority of Americans have been in favor of higher taxes for the rich… these are mainstream ideas and positions, but if you watch Fox News it seems like it’s a crazy, lunatic idea,” says @rcbregman.“Donald Trump, who doesn’t want to show his own tax returns, and who knows how many billions he has hidden away in the Cayman Islands… he was brought into power by this propaganda channel, Fox News,” says @rcbregman.“It’s a very American idea…. If you want to make capitalism work, you got to ensure competition. If companies become too big, like it’s clearly the case with Amazon right now, you break them up, that’s what you do if you have a proper capitalist economy,” says @rcbregman.
“Ideas can and do change the world,” says historian Rutger Bregman, sharing his case for a provocative one: guaranteed basic income. Learn more about the idea’s 500-year history and a forgotten modern experiment where it actually worked — and imagine how much energy and talent we would unleash if we got rid of poverty once and for all.
Historian and author Rutger Bregman made waves at the World Economic Forum in Davos when he told billionaires in attendance that large marginal tax rates, like those suggested by Rep. Alexandria Ocasio-Cortez (D-NY), are better for the public good than philanthropy. Bregman joined CBSN to discuss how tax policy could be used to reduce inequality.