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The economist billionaires fear: this is how we get a wealth tax

2026-05-24 Education
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Garys Economics
Garys Economics
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Description

Gabriel Zucman is the most important economist in the world today. And the one billionaires fear most. His wealth tax proposals have passed France's lower chamber of parliament – and will likely be signed into law in the coming years. Here's his advice for how we can tax the super rich more in the UK and other countries. Zucman's book "We Need to Tax Billionaires" is now available in bookshops, and my book "The Trading Game" is now available in French as "Confessions d'un Trader Repenti". Enjoy!! 00:00 Intro 02:57 Who is Gabriel Zucman? 07:14 Why universities ignore inequality 14:05 What is the problem? 20:12 How we tax billionaires more 26:51 Gabriel’s billionaire tax in France 27:46 Learn from taxes in past 30:14 The current situation is radical 33:29 Wealth is concentrating at the top 39:07 How the UK can adopt this tax 46:02 Message to The Rest is Politics 50:12 Final message ––––––––––– JOIN OUR PATREON – https://patreon.com/garyseconomics GET MERCH – https://shop.garyseconomics.org/ DONATE – https://buy.stripe.com/7sYbIUaRp2Pafv0cYCdjO01 JOIN GARY'S MAILING LIST – https://subscribepage.io/garyseconomics GET THE TRADING GAME – https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9781802062731 ––––––––––– Follow Gary on other channels: LINKEDIN – https://www.linkedin.com/company/garyseconomics SPOTIFY – https://open.spotify.com/show/2807p01KIe4RRFjRTB5o25 INSTAGRAM – https://www.instagram.com/garyseconomics TIKTOK – https://www.tiktok.com/@garyseconomics BLUESKY – https://bsky.app/profile/garyseconomics.bsky.social X – https://twitter.com/garyseconomics FACEBOOK – https://www.facebook.com/garyseconomics DISCORD – https://discord.gg/vqME6WsPd7 WEBSITE – https://www.garyseconomics.org

Top Comments (10)

@EconomiaComPedro 2026-05-24

Gary, you did an amazing job as an interviewer 👏👏 Hoping this becomes one of your most viral videos

1.1k 29 replies
@abc-zz5zf 2026-05-24

When Paris and London work TOGETHER, there must be something on the plate.

989 21 replies
@dossnone4554 2026-05-24

So informative. What we want is not radical. Radical is that it is not being done.

965 23 replies
@AnaGonzalez-jg1ks 2026-05-24

I love these two talented young people talking in a kitchen, with more knowledge and awareness than all the world leaders combined. Thank you, thank you for your work.❤

885 43 replies
@Azoz195 2026-05-24

These people are not "wealth creators"; they are wealth hoarders. The inability to redistribute this wealth has become a threat to national security.

741 103 replies
@KevinKickChannel 2026-05-24

Zukman makes a powerful point about how extreme wealth concentration actually breaks the democratic process. When a tiny group of families controls a huge portion of the national GDP, they gain enough leverage to influence the media and lobby for their own interests. This creates a situation where the ultra-wealthy can effectively live above the law while everyone else pays the price. I would also argue that this is a major macroeconomic problem. Stagnant billionaire wealth acts like dead capital because it just sits in static assets. If we implemented a 2% wealth tax to fund public services, we would increase the velocity of money. That capital would move from idle accounts into the hands of people who actually spend it, which drives the economic growth that hoarding currently prevents.

645 39 replies
@kevinkadillari3541 2026-05-24

Now this is exactly the conversation the world needs to have in 2026, what a dreamteam

136 1 replies
@jeremycranford2732 2026-05-24

Gabriel Zucman is brilliant. Thank you for introducing him to me. (Watching from the U.S.)

85
@mysticmonkey6257 2026-05-24

Great interview. I liked the fact that they discussed the wealth tax in more concrete ideas instead of the vague notion of one. Look forward to reading Zucman's book.

45
@wardybits 2026-05-24

"The poor and the middle class pay taxes, the rich pay accountants, the very rich pay lawyers- and the ultra-rich pay politicians."

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