What happens when you stop taxing billionaires?
Check out our advertising sponsor, The Economist, and get access to global coverage at an exclusive 35% discount at https://economist.com/moneymacro Recommended follow-up articles: 1. Gabriel Zucman makes the case for a billionaire tax - https://www.economist.com/insider/ins... 2. Don’t tax wealth - https://www.economist.com/finance-and... 3. How much tax should the rich pay? - https://www.economist.com/insider/ins... If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: / moneymacro WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/indus... LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: / joerischasfoort △ Follow me on LinkedIn: / joeri-schasfoort △ I have a private Discord server for Senior and Chief economist Patrons / members. SOURCES: 1. https://www.bostonreview.net/forum/ga... 2. https://www.ft.com/content/40d6d30a-1... 3. https://www.aeaweb.org/articles?id=10... 4. https://www.bbc.com/news/articles/c8j... 5. • Gabriel Zucman: It’s Time to Tax Billionai... 6. https://equalitytrust.org.uk/evidence... 7. https://www.ft.com/content/331a0465-4... 8. https://www.sciencedirect.com/science... 9. https://www.economist.com/insider/ins... 10. https://www.economist.com/finance-and... 11. https://www.economist.com/insider/ins... Timestamps: 00:00 - intro 02:33 - the tax they hate most 06:21 - how many actually leave? 10:49 - what happens to the economy? 12:21 - the real weakness of wealth taxes 15:40 - conclusion: a smarter way to tax the rich Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort Written and researched by Dr. Joeri Schasfoort and Dr. Alejandro Iribas De La Puerta Edited by Natalia Karpacz
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