Scott Galloway

And it's really important to recognise as much as, you know, the UK has become the sick man of Europe.

And I don't deny that.

Living standards have collapsed everywhere, Scott.

In France, in Italy, in Spain, in Japan, in Australia, in America, in every country, living standards are falling.

So yeah, look, I don't think the UK has done a great job of it in the last 15 years.

And if you want me to put that down to two things, it's austerity and Brexit.

But the truth is, this is happening everywhere.

So I push more on wealth inequality in particular, because really, if you're working for your money, you've already lost, basically.

It's about wealth inequality.

I think the two

It needs to be taxes which aggressively go after the top 1%, not of earners, but of holders.

Because at the moment, we have an unbalanced system, which does aggressively, in most cases, tax high earners, but does not effectively at all tax high holders, high owners, high hoarders.

I think the two taxes which have the real power to get wealth back into the hands of ordinary families are wealth taxes and estate taxes.

But I think when you bring them in,

The debate always tends to focus on rates, but really the question should be entirely about avoidance.

How do we bring these taxes in in such a way that the super-rich cannot avoid them?

And I think, to be honest, the real way that you do that is exit taxes and tax on foreign owners.

Because if they leave and they're still being taxed on their holdings of American assets or British assets,

then they can't avoid the tax without selling the assets.

And then that means you can get your assets back.