Gabriel Zucman

It's impossible to tax the super rich.

The current situation is a violation.

The explosion of billionaire wealth has been one of the most striking features of the world economy.

In the Sunday Times rich list, they own in wealth the equivalent of 25% of the UK's GDP.

That's incredible.

Has increased from 5% to 25%.

That's not okay.

Well, thanks so much for having me.

You know, the explosion of billionaire wealth

has been one of the most striking features of the world economy of the last decades, with an acceleration since the financial crisis of 2008, 2009, and an acceleration of the acceleration over the last couple of years.

So it's a very important issue here.

today.

Perhaps one number to understand what's going on.

If you look at the Forbes magazine ranking of global billionaires, they started doing this in 1987.

In 1987, global billionaires owned in wealth the equivalent of 3% of world GDP.

That means if they spent all their wealth

They could have bought the equivalent of 3% of everything that's produced in a given year globally, all the goods and services.

Today, they own the equivalent of 17% of GDP.

Okay, 17%.

And we're talking about roughly 3,000 households at the global level.