Tax Historian on Biden's Proposed Wealth Tax

The video discusses the feasibility of President Biden's proposed tax hikes, highlighting political hurdles within the Democratic Party and the broader political landscape. It examines the role of IRS funding in tax enforcement and the potential revenue from closing tax loopholes. The historical impact of tax rates on economic growth is analyzed, with a focus on differing perspectives. Finally, the video explores trends in corporate taxation and the potential shift towards higher taxes globally.

What are the proposed changes to the fiscal trajectory of the United States mentioned in the text?

What hurdles does the speaker mention regarding President Biden's proposed tax hikes?

How does the speaker perceive the relationship between higher taxes and popularity?

What does the speaker suggest about the IRS's ability to enforce tax laws?

According to the text, what is the historical perspective on tax rates and economic growth?

What is the speaker's view on the potential for corporate tax rates to increase in the future?

What does the speaker imply about the effectiveness of raising taxes on corporations in a competitive international context?