Why is it so hard to tax billionaires? (Part 1)

2892.341 - 2916.759 PJ Vogt

So in the middle of the last century, in Mad Men times, I was surprised to learn that rich people once had enormous tax bills. I asked Jesse Isinger about this era. So 1950s, which is a moment where we still have an income tax that seems to function more the way you would think it's supposed to. Like, what is tax day in the life of... an American CEO of a successful company in the 1950s.