As 2025 comes to an end, our editors and critics have selected a dozen essential reads in nonfiction and a dozen, too, in fiction and poetry. See the full list: https://t.co/qBlot4HEVq
‘How To Actually Tax The Rich — ft. Ray Madoff’
Scott Galloway and Ed Elson sit down with Ray Madoff to break down how America's wealthiest avoid taxes — legally.
They dig into the biggest loophole the ultrawealthy use to their advantage and discuss what it would actually take to fix a system that was designed to fail.
Tags: @raymadoff@edels0n @ed_elson_ @profgalloway
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"a self-employed person who earns 60,000 dollars will pay more than 13,000 dollars in federal income and payroll taxes. that is a significant burden."--Ray Madoff of Boston College Law, and author of The Second Estate: How the Tax Code Made an American Aristocracy, to @edels0n
Prof. Ray Madoff, author of the acclaimed new book "The Second Estate," is named to the 2026 Time100 Philanthropy list of the 100 most influential people shaping the future of giving at a pivotal moment. See the list here: https://t.co/iCa1cN4T7W
🖋️ @BCLAW Professor Ray Madoff, author of "The Second Estate: How the Tax Code Made an American Aristocracy," penned an op-ed about wealth and taxation for @theeconomist.
https://t.co/EccPOvDiVX
.@BCLaw Professor Ray Madoff, author of 'The Second Estate: How the Tax Code Made an American Aristocracy,' weighs in on tax avoidance by the superwealthy as an economic issue in the @WSJ.
https://t.co/jWcrsSIlDh
The ultra wealthy of the world have long avoided paying income taxes by not having much of an income at all. Instead, their wealth is generally tied up in things like stock options, family trusts, houses, yachts, rare coin collections and other things that typically are not taxed.
@raymadoff joins @svaneksmith and @BradStone on the Everybody's Business podcast to discuss the one-time tax of 5% that California is trying to impose on billionaires, why it's problematic and what she thinks the government should do instead https://t.co/FjGT8sKgG3
Prof Ray Madoff was quoted in the Wall Street Journal on how the ultra wealthy use anti-wage strategies--like Marc Zuckerberg's dollar-a-year wage at Meta--to avoid paying taxes, preferring to be paid in shares rather than heavily taxed salaries.
https://t.co/eseFGfVkbR
Listen to prof. Ray Madoff discuss her new book 'The Second Estate' on KQED/NPR's 'How the Tax Code Made an American Aristocracy' podcast: https://t.co/JWWYPxE54L
Prof. Ray Madoff is quoted in a Bloomberg column by Brad Stone, 'How to Tax a Trillionaire.' Stone says Madoff's new book 'The Second Estate' "breaks down the inequities of the [US tax] system with graceful simplicity." https://t.co/5PF1ONV9Vk
Have been reading a great book about the tax system by Ray Madoff: "The Second Estate: How the Tax Code Made an Artistocracy." Crystalizes the problem not of the rich, but of the ultra-wealthy classes and total tax avoidance https://t.co/jJqQwE4WFq
Been traveling the country over the last week and affordability concerns / sense of economic unease transcend geography, party affiliation, race and even to some degree, class.