Wealthy Should Be Prepared to Foot More of Bill, Evercore's Schlosstein Says

Wealthy Should Be Prepared to Foot More of Bill, Evercore's Schlosstein Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the growing inequality in society, especially highlighted during the COVID-19 pandemic. It examines the economic recovery that benefited the wealthy more than others, widening the gap. The speaker emphasizes the responsibility of the fortunate to support the less fortunate in areas like healthcare and housing. The discussion also covers potential differences in taxation policies between political candidates, focusing on income and capital gains taxes. Finally, it predicts high unemployment and suggests gradual tax changes to avoid hindering economic recovery.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the discussion as we approach the election cycle?

The impact of technology on jobs

The growing inequality in society

The role of education in economic growth

The influence of foreign policy on the economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the 11-year economic recovery before COVID-19 affect different financial strata?

It equally benefited all financial groups

It mainly benefited the upper financial strata

It had no significant impact on any financial group

It primarily benefited the lower-income groups

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key factors contributing to the widening gap between the wealthy and the not wealthy?

Reduction in corporate taxes

Taxation of capital gains

Increased minimum wage

Universal healthcare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might be a potential policy difference between the two election candidates?

Education reform

Foreign trade agreements

Taxation of high-income individuals

Approach to climate change

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might it be advisable to phase in tax changes over a couple of years?

To rapidly increase government revenue

To immediately boost economic growth

To avoid stunting the economic recovery

To quickly reduce unemployment rates