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Freakonomics Radio

626. Ten Myths About the U.S. Tax System

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 14 March 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

Nearly everything that politicians say about taxes is at least half a lie. They are also dishonest when it comes to the national debt. Stephen Dubner finds one of the few people in Washington who is willing to tell the truth — and it’s even worse than you think.

Transcript

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0:00.0

In Washington, D.C., there is a set of people who move into town when their party comes to power

0:10.4

and who eventually leave once their party is voted out. These are the high-profile residents of D.C.,

0:17.1

the ones who make headlines. But for every one of these people, there are thousands more

0:22.7

that you rarely hear about or hear from. This is the other Washington, D.C. These people work

0:29.9

behind the scenes on all sorts of important matters, like U.S. tax policy or the runaway national

0:37.4

debt.

0:38.7

Our guest today is a specialist in both those matters.

0:43.8

My nonpartisan approach is to be critical of everybody in Washington.

0:49.0

Do you have any friends?

0:50.5

No.

0:51.3

Not really.

0:53.3

Much of my policy has been sharing uncomfortable truths and, frankly, angering people.

1:00.2

So do you see yourself as someone who's sounding the alarm?

1:04.8

Absolutely. I've been sounding the alarm since 2001.

1:09.0

How's that working out?

1:10.3

As you can see from the debt, my career has been an abject failure.

1:16.7

This friendless soul is Jessica Riedel.

1:20.4

I'm a senior fellow in budget, tax, and economic policy at the Manhattan Institute.

1:26.2

Despite her claim to failure,

1:28.2

Reidel is consistently named by Washingtonian magazine as one of the most influential economic

1:33.2

policy professionals in D.C. She has testified before Congress. She routinely briefs lawmakers

1:39.2

in both political parties, and she has two messages. Number one, the federal debt crisis is even

...

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