Socialists are Clueless About Billionaire Taxes

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Wednesday, August 5, 2026

In this episode of Larry Elder's show, he discusses recent political victories by Socialist candidates in Michigan and Wisconsin, emphasizing their belief that the wealthy do not pay their fair share of taxes. Elder references a conversation between Milton Friedman and Phil Donahue to challenge the notion that capitalism inherently favors the rich and oppresses the poor. He highlights that the top 1% actually pay a significant portion of federal and state taxes, countering common misconceptions. This discussion serves as a broader commentary on the misunderstandings surrounding taxation and economic systems.

This content first appeared on Salem News Channel and is used here with permission. To view the original visit: https://salemnewschannel.com/watch/?v=6a73b8cdf1c4c00296cf50d8

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