How the explosion of the ultra-wealthy risks democracy | ABC NEWS
Community Score: 50% | 1.5K views | 2w
0 community ratings: null thumbs up, null thumbs down
Can democracy survive the existence of trillionaires? French economist Gabriel Zucman, one of the world's foremost experts on wealth taxation, has raised that question. He said anyone celebrating Elon Musk's $US1 trillion fortune needed to understand the fundamental tension between extreme wealth and the very possibility of democracy. Reporting by Gareth Hutchens. Video by Kate Ryan. Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ElonMusk #Trillionaire #Wealth #ABCBusiness
Tags: Australia, abc, abc news, news, wealth, economy, democracy, trillionaire, trillionaires, billionaire, billionaires, taxation, tax, wealth equality, gilded age, politics, elon musk
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%