Gabriel Zucman

speaker

169 appearances 1 recordings 1 series first heard Aug 2026 last heard 5 Aug

Gabriel Zucman’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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The David Pakman Show · Surrender, betrayal, and the collapse of promises · 5 Aug 2026 podcast

So in contrast to past wealth taxes, to European wealth taxes, it is only on the super rich, just on the billionaires.

If you have less than a billion dollars, you're not affected.

but with no exemption whatsoever.

If you have more than a billion dollars, you would have to pay five percent one of one time on all of your wealth.

Fortunately, it would be much easier than that.

So number one, more than half.

of the wealth of billionaires corresponds to shares in publicly listed companies listed on the stock market.

Very easy to vary.

Number two, most of the rest, almost all the remainder is shares in big,

private companies, not listed on the stock market, but because they are big companies, it's relatively easy to value them.

You look at how similar companies that are listed on the stock market are valued by the stock market.

The way it would be done in California with Prop 40 is that the valuation would be done by private assessors.

So billionaires would have to obtain a certified valuation for their private businesses.

And that would serve as the base of the wealth tax.

And there would be penalties for undervaluation or overvaluation.

All of that has been written very carefully by the best legal experts of the U.S.

And so the government wouldn't have to do it, right?

The private sector and the taxpayers themselves, hiring assessors, would have to do it.

Now, sometimes there is a view that, oh, a lot of the wealth of billionaires is things like art.

What about the Picassos and the yachts?

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