We Need to Tax Billionaires

While ordinary citizens pay around half of their income in tax, billionaires often pay close to zero income tax because they earn almost all their income through companies. The solution, Zucman argues, is a 2% “Zucman tax”: a minimum tax on the ultra-rich themselves. Gabriel Zucman, an economist and global expert on the taxation of wealth, explains why we need to tax billionaires now and how such a levy could transform the politics of inequality.

The solution to inequality that is at the vanguard of the new political debate.