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Gary Stevenson

πŸ‘€ Speaker
3422 total appearances
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Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Essentially, all the money stays in this bucket.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

None of it comes to this bucket, so officially I have no income.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Because that's the only way to make it unavoidable.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

To manipulate.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Because they can technically reduce their income to zero, but of course they cannot reduce technically their wealth to zero.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Exactly.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

You think you will get it in France?

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

You think you will get the wealth tax too?

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Are you familiar much with the conversation in this country about wealth taxes?

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Because I'd like to speak about it a little bit.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

I think when you say that you see the wealth tax as similar to the income tax, for me that's super interesting.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

When I was writing my book, I was reading Hard Times by Charles Dickens.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

And they're talking at the time about taxing the factory owners.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

And the factory owners say, oh, it's impossible.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

If you tax us, we'll throw the factories into the sea.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

So I think if you look at history, like it shows, of course, rich people are going to fight against this.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

And rich people in this country are fighting against this.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

That's good.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

I was disgusted.

Garys Economics
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman

Do you know what the rest of this politics is?