The wealthiest Americans are a changing breed as conservative savers turn into manic spenders. Risk-taking millionaires can find themselves living out of their cars. What does that mean for the rest of us? Can government programs be sustained if they depend on taxing the least stable segment of the consumer economy?
When the Wealthy Sneeze, the Economy Catches Cold
Credits
Guests:
- Robert Frank - Wall Street Journal
- Brad Williams - California Legislative Analyst's Office (formerly)
- Jacob Hacker - Yale University - @ISPSYale
- James Pethokoukis - American Enterprise Institute - @jimpethokoukis