Wealth tax versus taxing returns

The push for wealth taxes has been one of the defining economic debates of 2025. The question now is whether we want policies that work.

In this video, I argue that the fastest, fairest way to tax wealth is through higher taxes on the income, gains and transfers that wealth generates — not through complex and slow-to-deliver wealth taxes.

This approach raises more revenue, strengthens compliance, exposes hidden wealth, and keeps open the option of a wealth tax later if it is still needed.

If we are serious about justice, democracy and effective government, this is the path we should take.