The economist billionaires fear: this is how we get a wealth tax
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Top Comments (10)
Gary, you did an amazing job as an interviewer 👏👏 Hoping this becomes one of your most viral videos
When Paris and London work TOGETHER, there must be something on the plate.
So informative. What we want is not radical. Radical is that it is not being done.
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.❤
These people are not "wealth creators"; they are wealth hoarders. The inability to redistribute this wealth has become a threat to national security.
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.
Now this is exactly the conversation the world needs to have in 2026, what a dreamteam
Gabriel Zucman is brilliant. Thank you for introducing him to me. (Watching from the U.S.)
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.
"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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Top Comments (10)
Gary, you did an amazing job as an interviewer 👏👏 Hoping this becomes one of your most viral videos
When Paris and London work TOGETHER, there must be something on the plate.
So informative. What we want is not radical. Radical is that it is not being done.
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.❤
These people are not "wealth creators"; they are wealth hoarders. The inability to redistribute this wealth has become a threat to national security.
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.
Now this is exactly the conversation the world needs to have in 2026, what a dreamteam
Gabriel Zucman is brilliant. Thank you for introducing him to me. (Watching from the U.S.)
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.
"The poor and the middle class pay taxes, the rich pay accountants, the very rich pay lawyers- and the ultra-rich pay politicians."