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. It's absurd. And we Live in an economy built on assets. And I just don't know how you can have an agenda for any kind of democratization as you put into the economy. (50:43–50:54)
CLAIM
Asserts that the U.S. used to have a stronger estate tax, which is now weakened.
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