i spent a fair bit of time with politicians when i was in the u k. And believe me, you don't need to be a millionaire to get their attention. They're incredibly cheap dates. I just can't think of any instance through history where somebody has had such a fall from grace that we've seen a fundamental change in economic policy. Even if you were to have the sort of wealth tax that the professor has advocate, a lot of these people would still be extremely rich. But let me give you an example of how they're unable to control democracy in the way that they would like. That is mayor bloomberg's presidential campaign. He had endless funds to plough into it
Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu.
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