The One Percent Actually Benefits from Tax Increases on the Wealthy

Chuck Collins, who was born into the one percent, explains why in a TED video

Here is some straight talk about the need for increasing taxes on the wealthy from the great-grandson of Oscar Meyer (yes, that Oscar Meyer), who admits he was born into the one percent.

On the Commons Fellow Chuck Collins—Senior Scholar at the Institute for Policy Studies and director of the IPS program on Inequality and the Common Good—offers compelling reasons, spiced with humor and common sense, on why it’s good for 100 percent of us to raise taxes for the most fortunate Americans. He vividly describes how wealthy entrepreneurs and investors benefit from a host of public services paid for by tax dollars, in other words the commons.

See the video of his talk at the TEDx conference at Hampshire College in Amherst, Massachusetts.