Oct 5, 2026 · 45 min · 13 segments
When people talk about wealth in America, the conversation usually splits into two groups: the billionaires and everybody else. A new book from economists Owen Zidar and Eric Zwick, The Everywhere…
In fact, they have a fixed tax rate across all income, and then they have a tiered additional tax rate depending on your level of income.
And then they have a 25% tax on things like meals and groceries and going out and spending money.
And that all goes to the government, and they also build a sovereign wealth fund.
So anyways, if you apply that same thing here to this country... you would eventually get out of this deficit.
That's a very aggressive taxation and it would solve our deficit in 20 years.
There's no overnight solution and people want there to be an overnight solution.
And I think if in the meantime, we can do something to satisfy that need to build the social support while we work progressively towards a better solution, I think that might be a good place to start.
But I'll add to it is that if you just would have invested Social Security from the very beginning, just that probably would have solved the majority of the deficit problems we
You mean like like if you would have a surplus and we didn't because we didn't use it right away.
In fact, they have a fixed tax rate across all income, and then they have a tiered additional tax rate depending on your level of income.
And then they have a 25% tax on things like meals and groceries and going out and spending money.
And that all goes to the government, and they also build a sovereign wealth fund.
So anyways, if you apply that same thing here to this country... you would eventually get out of this deficit.
That's a very aggressive taxation and it would solve our deficit in 20 years.
There's no overnight solution and people want there to be an overnight solution.
And I think if in the meantime, we can do something to satisfy that need to build the social support while we work progressively towards a better solution, I think that might be a good place to start.
But I'll add to it is that if you just would have invested Social Security from the very beginning, just that probably would have solved the majority of the deficit problems we
You mean like like if you would have a surplus and we didn't because we didn't use it right away.
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