us out will be joined by the renowned professor of economics a meritless at the university of matches massachusetts richard wolfe plus the c.e.o. of straw mark hillary for which looks at the highest and lowest tax rates around the globe and we have a special panel to discuss and i bet deep faith the new u.s. tax law and where it is right now plus alex what hyla bitch will tell us about one provision of the new tax law that may impact life love and. and finances all that ahead on our tax team's program so let's bungle in the jungle and start with some. speaking of taxes corporate stock buybacks hit an all time record of one hundred seventy eight billion dollars in the first quarter of the year the u.s. tax reform law approved late last year cut the corporate tax rate from thirty five percent to twenty twenty one percent and has been a boon for businesses and has helped boost the overall economy but most of the benefits have been used for companies to buy back stock as opposed to what proponents of the tax changes argued would be a benefit that would trickle down to workers and average families some are now

hands and then they're just as quickly forgot professor emeritus in economics at the university of massachusetts richard wall we're always smarter after you have joined us our thanks thank you very much glad to do it. some companies treat their employees to perks such as sports tickets other luxury items however after passing of a new tax law some corporations are having to cut back on their gifts and or take it in that workers are to correspondent actually banks with the latest new tax laws will soon either a limit or eliminate al many capitals game tickets and your lawyer will provide in the near future changes in the law eliminate the deduction for sports tickets concerts other client entertainment and employee meals these changes were designed to help offset corporate tax cuts according to a survey done by wall street journal including eight hundred sixty five firms forty five percent of those firms say they will be affected by the new tax laws forcing them to cut spending or make adjustments which will impact their employees big corporations will not feel the impact as much the cut in the corporate

york city for a jam packed show which includes professor of economics americas at university of massachusetts amherst richard wolfe plus we look again it hacking and from an interesting angle with r.t. correspondent trinity charges plus we're also joined by the c.e.o. of kony says limited tom kaufman to find out about a new crypto currency and monetary system all that ahead but with so much we get right to it. to help get an economist perspective on some of the issues of the day we are once again pleased to be joined by professor of economics of marriages that university massachusetts amherst richard wolffe professor thank you so much for being with us again and it's good to be with you in person to be here so you know you talk about trade all the time and we're in the middle of all these trade wars and we get all caught up in sort of the issues of the day and what did the president tweet and who did offend this day or the next but give us a little perspective sort of a primer on trade over the years and the use of tariffs but basically a tariff is a tax and it's the government deciding to put a tax on somet

york city for a jam packed show which includes professor of economics americas at university of massachusetts amherst richard wolfe plus we look again at hacking and from an interesting angle with r.t. correspondent trinity charges plus we're also joined by the c.e.o. of kony says limited tom kaufman to find out about a new crypto currency and monetary system all that ahead but with so much we get right to it. to help get an economist perspective on some of the issues of the day we are once again pleased to be joined by professor of economics of america university massachusetts amherst richard well professor thank you so much for being with us again and it's good to be with you in person to be here so you know you talk about trade all the time and we're in the middle of all these trade wars and we get all caught up in sort of the issues of the day and what did the president tweet and who did he offend this day or the next but give us a little perspective sort of a primer on trade over the years and the use of tariffs well basically a tariff is a tax. and they said government deciding to put a tax on somethin

have just such a person joining us now is a presser economics of merit to the university of massachusetts and her father richard will professor we're very pleased to have you join us again. thank you bob glad to be here so let's start with a benchmark i mean you teach classes and look at these sorts of things all the time has come in the quality always existed in the u.s. the answer simply is yes it has our economic system and there's no nice way to say this our economic system capitalism is at least as efficient in reproducing poverty as it is in reproducing wealth it has tried over and over again to say that it is confronting the problem of poverty but if it's true that it did show it failed to solve the problem because here we are three hundred years into our history and we're still confronted with serious amounts of poverty and serious degrees of extreme poverty as the u.n. and others have been documented right up to this moment well there's another report out to professor it may go along with that but i want to get your take on it it's the united way the nonprofit organization they have a project called al

have just such a person joining us now is a presser economics of merit to the university of massachusetts and her father richard will professor we're very pleased to have you join us again thank you bob glad to be here so let's start with a benchmark i mean you teach classes and look at these sorts of things all the time as an income inequality always existed in the u.s. . the answer simply is yes it has our economic system and there's no nice way to say this our economic system capitalism is at least as efficient in reproducing poverty as it is in reproducing wealth it has tried over and over again to say that it is confronting the problem of poverty but if it's true that it did so it failed to solve the problem because here we are three hundred years into our history and we're still confronted with serious amounts of poverty and serious degrees of extreme poverty as the u.n. and others have been documented right up to this moment well there's another report out to professor it may go along with that but i want to get your take on it it's a united way the nonprofit organization they have a project called alice

have just such a person joining us now is a presser economics of merit to the university of massachusetts and her father richard will professor we're very pleased to have you join us again. thank you bob glad to be here so let's start with a benchmark i mean you teach classes and look at these sorts of things all the time as income inequality always existed in the u.s. the answer simply is yes it has our economic system and there's no nice way to say this our economic system capitalism is at least as efficient in reproducing poverty as it is in reproducing wealth it has tried over and over again to say that it is confronting the problem of poverty but if it's true that it did so it failed to solve the problem because here we are three hundred years into our history and we're still confronted with serious amounts of poverty and serious degrees of extreme poverty as the u.n. and others have been documented right up to this moment well there's another report out to professor it may go along with that but i want to get your take on it it's the united way the nonprofit organization they have a project called alice i

speaking out will try to do our part here a boom bust professor richard wall of investor economics america's university of massachusetts and earth were in your debt sir thanks kindly for your time thank you . and we mention the united nations report with the professor the report looks at poverty in the united states r t correspondent on your part bill looks not only at the report but at some of the reactions surrounding its recent release. for fifteen days in december two thousand and seventeen professor philip alston the un special rapporteur tor on extreme poverty and human rights traveled to the united states in order to quote evaluate and report to the human rights council on the extent to which the government's policies and programs aimed at addressing extreme poverty are consistent with its human rights obligations his findings paint a dire picture of life in the us the report states that a staggering forty million americans live in poverty eighteen point five million in extreme poverty and a whopping five point three million americans toil under third world conditions characterized as absolute poverty of the thi