14min chapter

Making Money cover image

S3E11: Extreme wealth will destroy democracy - FT’s Martin Wolf

Making Money

CHAPTER

The Impact of Extreme Wealth on Democracy

This chapter explores the influence of extreme wealth on politics and society, discussing concepts like rentier capitalism, Universal Basic Income, and challenges in fair resource distribution. It debates funding models for UBI, the influence of wealthy individuals in politics, and the significant funding required for a UBI program. The speaker advocates for better tax systems, land taxes, and a reformed property tax system to ensure the wealthy contribute fairly.

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