James Madison and the Top One Percent
Stuart Lecture Series on Institutional Corruption in America
Richard A. Epstein, Laurence A. Tisch Professor of Law, New York University School of Law
Author of Design for Liberty: Private Property, Public Administration, and the Rule of Law (Harvard University Press, 2011) and Why Progressive Institutions are Unsustainable (Encounter Books, November 29, 2011)
Currently, the central question of tax reform in the United States asks the extent to which that persons whose earnings put them in the top one percent of the income distribution should be asked to bear additional obligations to their fellow citizens. In this lecture, Professor Epstein will explore the philosophical and practical arguments for and against this position, and argue that the Madisonian concern with factions that were spurred by the problem of debtor's relief is very much with us today, and that the correct response is to resist the use of special taxation on the rich in order to support various public programs that are unsustainable without these special forms of support.
Richard A. Epstein is the inaugural Laurence A. Tisch Professor of Law, New York University School of Law, the Peter and Kirsten Bedford Senior Fellow, The Hoover Institution, and the James Parker Hall Distinguished Service Professor of Law, Emeritus and senior lecturer at theUniversity of Chicago. He has taught and written extensively on a wide range of legal topics including constitutional law, contracts, intellectualproperty, torts and political theory. His most recent book is Design for Liberty: Private Property, Public Administration and the Rule of Law (Harvard University Press 2011). He is also the author of Why Progressive Institutions are Unsustainable (Encounter Books, 2011), Simple Rules for a Complex World (Harvard University Press, 1995) and Takings: Private Property and the Power of Eminent Domain (1985). He has been a member of the American Academy of Arts and Sciences since 1985 and was the recipient of the Bradley Prize in 2011. He received a A.B. from Columbia College; a B.A. from Oxford University; and an L.L.B. from Yale University.