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It’s Time to Redistribute the Wealth | That’s Debatable

Summary:
Debate: It's Time to Redistribute the Wealth. Economic inequality has become a linchpin of modern politics. As nations around the world face a reckoning on racial and social justice and work to combat the economic impacts of the pandemic, we ask: Is it time to redistribute the wealth? Should we address growing inequality by overhauling our tax system, expanding our social safety nets, and investing more in public initiatives like universal health care, education, and infrastructure? Or would a wealth transfer unduly punish the economic elite, destroy the promise of a meritocracy, and inevitably lead to excessive government intervention in our social and economic lives? FOR THE MOTION: Robert Reich- Former Secretary of Labor Yanis Varoufakis - Former Finance Minister, Greece AGAINST THE

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Debate: It's Time to Redistribute the Wealth. Economic inequality has become a linchpin of modern politics. As nations around the world face a reckoning on racial and social justice and work to combat the economic impacts of the pandemic, we ask: Is it time to redistribute the wealth? Should we address growing inequality by overhauling our tax system, expanding our social safety nets, and investing more in public initiatives like universal health care, education, and infrastructure? Or would a wealth transfer unduly punish the economic elite, destroy the promise of a meritocracy, and inevitably lead to excessive government intervention in our social and economic lives? FOR THE MOTION: Robert Reich- Former Secretary of Labor Yanis Varoufakis - Former Finance Minister, Greece AGAINST THE MOTION: Allison Schrager - Senior Fellow, Manhattan Institute Lawrence Summers - Former Secretary of the Treasury This episode of “That’s Debatable," is presented in partnership with Bloomberg Media and sponsored by IBM. Submit your argument for the next debate at ibm.com/debatable. =================================== Subscribe: http://bit.ly/IQ2onYouTube Official site: https://www.iq2us.org IQ2US Twitter: http://bit.ly/IQ2Twitter IQ2US Facebook: http://bit.ly/IQ2onFacebook =================================== It's Time to Redistribute the Wealth | That's Debatable
Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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