Gabriel Zucman

You know, that's the billionaires that Forbes captures in its ranking.

Yeah, that's the number.

And 3,000 households, you know, it's a tiny fraction of the population, clearly.

0.0001% of the world population.

17%, it gives you a sense of...

their power and their influence.

Because wealth, you know, for most people, it's a good thing.

For the middle class, it means owning their home.

It means having some pension assets for retirement.

So we'd like to encourage wealth accumulation for the middle class.

We'd like the working class to have access to property.

They are largely excluded from property ownership today.

The bottom 50%

of the distribution of wealth owns almost no wealth at all.

Their assets are about as large as their debts.

So we'd like them to have more wealth.

But for billionaires, of course, they're not accumulating wealth for their old days, right?

For them, wealth is power.

It's the power to influence markets by buying competitors.

It's the power to influence the prevailing ideology by buying media, companies, newspapers, and so on.