Economist and author Phil Magness debunks a recent New York Times piece and shoddy academic work about the rich and their taxes. Phil Magness—an economic historian, author, and the David J. Theroux Chair in Political Economy at the Independent Institute—says the work of Piketty and his circle of inequality-obsessed colleagues is deeply flawed and sometimes outright deceptive. He points out that billionaires do pay taxes...a lot of taxes. And the inequality literature is riddled with errors and bad statistics. Learn more on Reason.com