Lawrence Summers in Podcasts
personAmerican economist and former Treasury Secretary known for economic policy analysis
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Mentions in Podcasts
The Prof G Pod with Scott Galloway
No Mercy / No Malice: Rich Kids
In 2023, the estate tax generated $24 billion in revenue. Speaking to Bloomberg, former Treasury Secretary Lawrence Summers observed that an estimated, quote, $2.5 trillion passing and the vast majority of that being among 5% or 1% of the people who die and only collecting 1% of it in taxes? I do think we can do better, end quote. The current plan, however, is to do worse.