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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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways might corporate tax adjustments affect the economic recovery?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences of high unemployment on the upcoming election cycle?

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