Interview with the economist billionaires fear: this is how we get a wealth tax

^He described how, if Americans go to live elsewhere they still have to pay tax to America.*

I knew that, but I wonder how many of the super wealthy it catches?

I actually wonder how much tax people like Musk, Bezos and Gates really pay; I know they do live in the US but I'm sure they must be pretty well advised on avoidance...

^I have always believed that if you live in a society and benefit from everything living in that society gives you, you should contribute the same % of your income as everyone else. (Whitewave)

He described how, if Americans go to live elsewherethey still have to pay tax to America. He seemed to suggest that it wouldn't be difficult to make similar laws which mean people leaving the UK would the have to pay their tax to the UK for, say, 10 years.

👏👏 about time.. 85% support is impressive.

Yes, I think his comment was crass, and he should be embarrassed.

I shall watch this develop as it definitely seems to be catching interest.

Not surprised that 85% of people support a wealth tax.

The fact that the top 1% pay no tax on income doesn’t really come as a surprise, but given the fact that someone with over 100 million pays next to nothing relative to those at the bottom who pay 50% overall is really wrong.

I have always believed that if you live in a society and benefit from everything living in that society gives you, you should contribute the same % of your income as everyone else.

The details of the book are under the YouTube video - I didn't think I should advertise .

I thought it stripped the whole idea right back Whitewave and it's very interesting that France has already passed some of the law to bring it in. He also brought up the idea of agreed international minimums.

His mention of the 22 richest families who used to own 5% of UK wealth now owning 25% both jolts you into the growth in inequality and may serve to convince some that this is not aimed at them.

I'm also glad that this may put to bed Rory Stuarts unnecessary comments about a lack of academics in the discussion.

He’s just publish a book - not expensive.

He does need listening to, in order to understand his argument.

I think it is unarguable, but at 2% only a start. I would argue for at least 8%