The case for taxing wealth, argument by argument.
This video features an interview with economist Gabriel Zucman, author of "We Need to Tax Billionaires." The discussion focuses on the practicalities and academic backing for implementing wealth taxes, aiming to demonstrate that such policies are not radical but are supported by rigorous economic research and design, making them viable for political consideration in countries like the UK.
Mentions Jeff Bezos, Elon Musk
“Number one, you need to make sure that there is no way to avoid the tax. And tax avoidance, it's not a law of nature. It's man-made. It's when lawmakers introdu”
Raised as a counter-argument to rebut. “The second crucial ingredient is how do you deal with the threat of migration? you know, rich people always the debate boils down to, okay, perhaps it would be ”
“It's wrong that it's not wrong that they will move. Surely, some of them will know those flows tend to be exaggerated in the public debate, but it's not zero. B”
“the super rich pay much less tax relative to their income than the rest of the population. And we'll come back to that. But once you've found problems I think i”
“Because the whole problem is that those bigger because they have no income. They manage to report no income like Jeff Bezos. Right.”
“So you you are convinced inequality is is increasing aggressively. Well when you look at those numbers you know it's pretty difficult to to to claim that it's i”
“A lot of the work that we've done over the last few years has been to study the historical experience with wealth taxation. In many countries like France, Germa”
“But there are two ways to look at that experience. You can say, "Well, we've tried in the past. It didn't work. Hence, it will never work." End of story. We can”