Billionaires: They're Not Just Like Us

Resources from this episode (the show notes): Required Reading: https://www.propublica.org/article/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes (The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes | ProPublica) https://americansfortaxfairness.org/billionaires/ (American Billionaires by the Numbers | Americans for Tax Fairness) https://www.nytimes.com/2021/06/14/opinion/sway-kara-swisher-jesse-eisinger.html (Inside the I.R.S. Files of the Ultra-Wealthy | Sway (Podcast) - The New York Times) https://www.forbes.com/sites/noahkirsch/2019/12/04/why-elon-musk-is-cash-poor-for-a-billionaire/?sh=329a4cd033f6 (Why Elon Musk Is Cash Poor (For A Billionaire) | Forbes) https://www.businessinsider.com/jeff-bezos-work-life-balance-debilitating-phrase-career-circle-2021-7 (Jeff Bezos says work-life balance is a 'debilitating phrase.' He wants Amazon workers to view their career and lives as a 'circle.' | Business Insider) https://www.foxbusiness.com/money/during-covid-19-most-americans-got-richer-especially-the-rich-u-s-households-gained-13-5-trillion (During COVID-19, most Americans got richer - especially the rich | Fox Business (via The Wall Street Journal)) President Biden’s Capital Gains Tax Plan | Forbes https://www.politico.com/agenda/story/2019/02/05/democrats-70-percent-tax-rate-000879/ (Actually, it was Democrats who killed the 70 percent tax | Politico) https://mitsloan.mit.edu/ideas-made-to-matter/negative-income-tax-explained (Negative income tax, explained) https://www.cnbc.com/2021/06/21/this-tax-brings-in-billions-worldwide-why-theres-no-vat-in-the-us.html (The value-added tax brings in billions for other countries, but the U.S. doesn’t have one | CNBC) https://www.investopedia.com/articles/tax/10/history-taxes.asp (A Brief History of Taxes in the U.S. | Investopedia) https://patrioticmillionaires.org/about/ (About Us - The Patriotic Millionaires) https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-