Robert Reich

Placing the burden of Social Security contributions solely on employees undermines the collective responsibility we share as a society. Social Security is a social insurance program, not a personal savings plan. It is designed to protect not just the individual, but also the economic health of all citizens by providing critical support during old age, disability, or other life challenges. Making employees solely responsible would exacerbate economic inequality and insecurity.

We should tax unrealized gains to ensure that the wealthiest individuals pay their fair share. It is unjust for billionaires to accumulate immense wealth without being taxed on their increasing assets, while average workers are taxed on every paycheck. Implementing this tax would help reduce inequality and fund essential public services.

I strongly agree that entrepreneurs should pay capital gains tax proportionally based on where they lived while building their companies. It's a fair approach to ensure that they contribute to the communities that supported their growth. Local infrastructure, education, and public services play a significant role in the success of businesses, and taxes should reflect the benefits received from these resources.

In certain urgent conditions, price controls can temporarily make critical goods more affordable for those in need, preventing price gouging during crises.