Debate: 7:00 PM EDT
Thursday, May 30, 2013
The live webcast will be free, but to get the link sent to you on Thursday, you need to get a free membership by providing your email here.
Paul Krugman: “The simple analytics say that we should soak the rich, hard.”
George Papandreou: “We have created an uber-class, a super-class, that is beyond democratic control of our nations.”
Newt Gingrich: “The effort to finance Big Government through higher taxes is a direct assault on civil society.”
Arthur Laffer: “If I could figure a way to stop future Congresses from ever raising taxes I’d do it every day of the week and twice on Sunday.”
How should advanced countries respond to growing income inequality? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s share of all income gains. Imposing higher taxes on the wealthy is the best way for countries such as Canada to reinvest in their social safety nets, education, and infrastructure while protecting the middle class. Others argue that anemic economic growth, not income inequality, is the real problem facing advanced countries. In a globalized economy, raising taxes on society’s wealth creators leads to capital flight, falling government revenues, and less money for the poor. These same voices contend that lowering taxes on everyone stimulates innovation and investment, fuelling future prosperity.
To advance the public policy debate of our time, the Munk Debates will move the motion: Be it resolved, tax the rich (more)…
Interesting that Paul Krugman has replaced the originally scheduled Robert Reich. Previous formal debate appearances by Krugman I am aware of online are this 2008 IQ2 debate on healthcare and this 2011 Munk debate on the economy. In any event, as a non-economist, this issue seems endlessly confusing, with both sides just talking past each other. I hope this debate helps.
Thursday update from Munk Debates:
Welcome to the live stream of the Munk Debate “Tax the Rich More”.
You can watch the entire debate proceedings on this page starting at approximately 7:00 PM EDT. If you would like to add your comments to our live blog please use the CoveritLive link on that page, or join the conversation on Twitter at #munkdebate.
Tell us what you think about the debate, in real time. We will be posting questions during the proceedings and tallying an instantaneous online vote of the viewing audience at www.munkdebates.com/vote.
You can also join in our post-debate video chat starting at approximately 8:40 PM EDT. Ask questions of experts, share your analysis of the debate and more from 8:40 PM EST onwards. To participate in this post-debate video chat see the Spreecast video function below the Livestream (on the debate live stream page).