Economic Update: How the U.S. tax System Worsens Inequality

Enjoying this ad-free episode of Economic Update? Please consider supporting our work by signing up as a monthly subscriber on our website at https://www.democracyatwork.info/donate, our Patreon community at https://www.patreon.com/democracyatwork, or as a paid subscriber to our Substack at https://democracyatwork.substack.com. This week on Economic Update, Professor Wolff delivers updates on U.K. PM Starmer's trade visit to China, the new head of the Federal Reserve, and the escalation of a general strike in Minneapolis and its spread across the U.S. as people gear up against government assaults on cities. In the second half, Professor Wolff interviews Professor Ray Madoff of Boston College Law School to discuss the flaws in the U.S. tax system and her new book, The Second Estate: How the Tax Code Made an American Aristocracy. We hope you enjoy this discussion and look forward to joining you next week for another all-new episode of Economic Update. Economic Update with Richard D. Wolff is a production of Democracy at Work, Inc., and any reproduction in whole or part is strictly prohibited without written permission. We make it a point to keep the show ad-free and rely solely on viewer support to continue doing so. Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world that they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and the others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info Professor Wolff's latest book, "Understanding Capitalism," is available now for purchase: https://linktr.ee/understandingcapitalism © 2026 Democracy at Work, Inc. All Rights Reserved

Added 7 Jul 2026