Intelligence Squared
U.S. Debates: The Rich
Are Taxed Enough

This event is sold out.

Watch this sold-out debate LIVE online via FORA.tv starting at 6:45 PM EDT on October 24.

Topic: The Rich Are Taxed Enough.

FOR:
Glenn Hubbard, Dean of Columbia Business School and former Deputy Assistant Secretary of the U.S. Department of Treasury

Arthur Laffer, former member of President Reagan's Economic Policy Advisory Board, "the Father of Supply -Side Economics," and President of Laffer Associates

AGAINST:
Robert Reich, Chancellor's Professor of Public Policy at the University of California Berkeley and former Secretary of Labor

Mark Zandi, Chief Economist of Moody’s Analytics

Co-sponsored by Richard Paul Richman Center for Business, Law, and Public Policy, administered jointly by Columbia Business School and Columbia Law School.

It is all bad news when it comes to the economy; the question is, how do we fix it? The U.S. government's budget deficit is nearing a trillion dollars for the fourth straight year, and unemployment remains high.  With the Bush-era tax cuts that are set to expire at the end of 2012, what is the best move for continued economic recovery? President Obama says we should raise taxes on those making more than $250,000 and invest some of those additional tax dollars in social services. Others say that the richest 1% already pay more than a quarter of all federal taxes, and higher taxes for job creators would slow economic growth. Are the nation's wealthiest not paying their "fair share," or should tax breaks be extended for everyone in the name of job creation?