Unhedged
The billionaires’ tax
May 30, 2024
Economist Gabriel Zucman advocates for a global tax on the super-rich at the G20. The podcast delves into the feasibility and methods of implementing such a tax. They also discuss the commercial real estate crisis and the future of liberal democracy.
21:32
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Quick takeaways
- Maximizing risk-adjusted wealth is crucial in managing risk effectively, avoiding the trap of only maximizing expected value.
- Global discussions on implementing a billionaire's tax highlight concerns about wealth concentration and the need for fair tax contributions.
Deep dives
The Need for Risk-Adjusted Wealth
Maximizing risk-adjusted wealth or return is crucial instead of solely focusing on expected return or wealth to manage risk effectively. The podcast emphasizes the importance of not falling into the trap of only maximizing expected value.
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