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How to Fix the Inequality of Wealth, with Liam Byrne

Intelligence Squared

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Effectively Implementing Wealth Tax

Implementing a small rate of tax on a small number of very wealthy individuals, such as a 1% tax on fortunes over 10 million, targets about 22,000 households. This approach helps tax authorities better understand the assets, their value, and where they are located. Contrary to previous failed attempts at implementing wealth taxes on a larger population, focusing on a smaller number of wealthy individuals helps in enforcement and compliance.

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