Infrastructure touches every aspect of our lives, from the roads we drive on to the water we drink to the electricity powering the laptop I’m using to type these show notes. It’s also one of the areas in which the connection between money and everyday life is the clearest: if part of our country’s (or city’s or state’s) infrastructure falls apart, we often end up paying for it in ways both big and small. Finally, building and maintaining a national infrastructure is really expensive, raising questions about who pays for it and what’s worth paying for that have led to a lot of political wrangling and debate (To wit, at one point, there were eight infrastructure bills circulating in Congress). In short, infrastructure is the perfect mix of everything we love talking about on the Financial Flipside (taxes, money, everyday life, citizenship, politics), so it seemed ripe for a discussion. We hope you enjoy this episode as much as we enjoyed recording it. [NB: LaTarsha had some microphone issues this episode, so you may hear a few seconds of echo or some background noise].
Also in this episode: a brief discussion of super-wealthy people avoiding taxes–if you want to hear more about tax avoidance and where wealthy people and corporations put their money instead of paying taxes, you’re in luck. We’ll be talking a lot more about it on our upcoming episode, which we’re recording this week (questions? Email us at firstname.lastname@example.org or send us a DM; were @financeflipside everywhere).
As of this writing, the Senate is nearing a vote on a $1 trillion dollar bipartisan infrastructure bill, nearly double the amount of money proposed in the first version of the bill. The bill would still need to make it through the House of Representatives and on to the President’s desk, but our long national Infrastructure Week may soon be at an end.
As always, links to the articles we discussed as well as some bonus content are below the cut:
Mentioned on the show:
Flipping the News
The Main Event