And that is part of a redistribution from framework that I think in many respects was the model that Bannon was arguing interestingly for. But we fundamentally tax income, not wealth. Yeah, difficult to tax wealth. It is difficult to tax wealth. It is not impossible to tax wealth. I mean we used to have a strong or a stronger estate tax in this country and now it's pretty toothless. (50:39–50:42)
CLAIM
Asserts that the U.S. tax system primarily taxes income rather than wealth.
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