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Matters of Policy & Politics is a Hoover Institution podcast devoted to matters of governance and balance of power at home and abroad. It is hosted by Hoover fellow Bill Whalen.
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Wednesday Nov 20, 2019
Wednesday Nov 20, 2019
Two prominent Democratic presidential candidates want to impose “wealth taxes” on millionaires’ holdings. A prominent liberal economist declares that no billionaire ever made their fortune legitimately. John Cochrane, a renowned economist and the Hoover Institution’s Jack and Rose-Marie Anderson Senior Fellow, explains how and why “wealth” became a pejorative term and where we go from here.
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