Gabriel Zucman

speaker

485 appearances 1 recordings 1 series first heard Jul 2026 last heard 12 Jul

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 Jul 2026 with 1.

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Let's take those numbers as given.

And if you take those numbers as given, what you can calculate is that the wealth of UK residents

who have more than 100 million pounds adds up in total to about 25% of GDP.

So that's the tax base.

25% of GDP.

You apply a 2% rate.

No, residents.

Just the residents.

So it's excluding those who have already moved, who live in Monaco.

It doesn't matter.

The tax would apply to residents, even non-citizens.

What matters is residents.

If you take the residents in the Sunday Times rich list, the base is 25% of GDP.

They pay almost no income tax today.

And so you apply 2% to that base and you get 2% times 25% tax revenue of 0.5% of GDP.

That's the ballpark number.

I want to emphasize that there is a margin of error for the reasons that I mentioned.

0.5%, that's about £15 billion per year.

So I want to be very clear that this is not enough to fix the UK's public finance problems, to invest in education, in the energy transition.

It's not enough.

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