In this episode of Gross Domestic Problem, William is joined by tax policy expert Andrew Lautz, Associate Director of Economic Policy at Bipartisan Policy Center. Andrew unpacks the complexities of U.S. taxation, revealing that solving the national debt isn't as simple as raising taxes or cutting spending. The key insights are that the current tax system is highly progressive, with top earners paying most taxes, and that meaningful fiscal reform requires a balanced, bipartisan approach. Andrew emphasizes that taxation is more than revenue collection—it's a social contract that shapes economic behavior and national priorities. Other highlights include a fundamental challenge in finding a sustainable path that doesn't overly distort economic incentives, solutions in addressing the growing national debt, and more.
Key topics in today’s conversation include:
Gross Domestic Problem is a podcast from Millennial Debt Foundation focusing on America's biggest financial crisis. Each episode, we break down how we got here, what happens if we don’t act, and the least painful way forward. There’s no do-nothing solution. Subscribe now at grossdomesticproblem.com and join the conversation.