This Vice News segment makes the normally dry and daunting subject of taxes (really tax policy) accessible and entertaining. Plus it features Lee Sheppard, who is the oxymoron of a tax celebrity (see this New York Times article) and is also a friend of NC.
While the fast-paced editing was fun, I found myself frustrated at points at the way the exploration of issues wound up being truncated. For instance, I would have liked to hear more discussion of the case for continuing to tax corporations. It wasn’t all that long ago that corporations paid a much larger proportion of total Federal tax receipts, and since the US growth rate was higher then, one can’t argue (as many try to) that lower corporate income taxes are necessarily pro-growth. In fact, corporate profits are now a record percent of GDP, and the low of labor share of GDP growth is increasingly recognized by economists and financial analysts as one of the major reasons this “recovery” is so weak.