Gabriel Zucman: “We need a European wealth tax”
French economist Gabriel Zucman, interviewed by Alter éco, explains why and how the super-rich should be taxed more and better.
French economist Gabriel Zucman, interviewed by Alter éco, explains why and how the super-rich should be taxed more and better.
Despite being (very) rich, conscientious millionaires and billionaires are calling for much higher wealth taxes to combat the rising inequality they see as a threat to democracy.
While European companies, trade unions, NGOs, politicians and economists would like to see increased taxation of the extremely rich, governments are more reluctant.
For those who defend the very wealthy, raising their taxes is unjustified and would hurt society as a whole. Little could be further from the truth.
Aurore Lalucq is the MEP behind an European Citizens' Initiative that aims to properly tax the ultra-rich. Alternatives Economiques interviewed Lalucq to ask her how this idea came about and what stage the signature collection is at.
In Europe, the very wealthy are taxed less than other taxpayers. Implementing a European wealth tax would remedy this tax injustice.
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