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Gabriel Zucman

๐Ÿ‘ค Speaker
800 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
281. How to tax billionaires

And so now the question is, how do we make a productive use of all that information that HMRC receives each year?

The Rest Is Money
281. How to tax billionaires

Now it becomes possible for HMRC to actually say, okay, look,

The Rest Is Money
281. How to tax billionaires

You live in Switzerland, but you used to live in the UK for a very long time and you become very rich in the UK.

The Rest Is Money
281. How to tax billionaires

Hence, you have to keep paying the minimum tax.

The Rest Is Money
281. How to tax billionaires

And if Switzerland doesn't tax you, we will collect the taxes that Switzerland chooses not to collect.

The Rest Is Money
281. How to tax billionaires

Well, what I can say is that in France, that's a proposal that fully unites the left.

The Rest Is Money
281. How to tax billionaires

It also fully unites the right against it, from Macron to the far right.

The Rest Is Money
281. How to tax billionaires

But I think, frankly, that's a big problem for them because in the population, you have enormous support.

The Rest Is Money
281. How to tax billionaires

We're talking about 86% of the population

The Rest Is Money
281. How to tax billionaires

And that's true in all countries that support this proposal.

The Rest Is Money
281. How to tax billionaires

And so all the left parties are saying, of course, we should do that.

The Rest Is Money
281. How to tax billionaires

Many think, and I would agree with them, that we need to do more than 2%.

The Rest Is Money
281. How to tax billionaires

But it's so minimalistic that how can you be against?

The Rest Is Money
281. How to tax billionaires

No, they think that it's impossible to tax the super rich, that we have to accept that they're untouchable.

The Rest Is Money
281. How to tax billionaires

Everybody in the population almost is in favor, except the billionaires.

The Rest Is Money
281. How to tax billionaires

So you always have in the population, you always have perhaps 10, 15% of the population who believes that the law should be more lenient for the very rich, for the powerful and harsher on the poor, on immigrants.

The Rest Is Money
281. How to tax billionaires

But it's always a tiny fraction of the population.

The Rest Is Money
281. How to tax billionaires

Most of the population wants equality before the law.