Do billionaires deserve their wealth? | The Economist

The outrage at billionaires has been growing. After years of high inflation hitting living standards, people are looking for someone to blame and political strategists have realised that billionaires are the perfect enemy. From California to France, calls for wealth taxes on members of the ten-figure club have been getting louder.

But do some billionaires deserve their wealth? Henry Curr, Josh Roberts and Archie Hall, three of The Economist’s economics and markets experts, explore the economic arguments behind whether some billionaires are more worthy than others.

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00:00 – Why fans forgive Taylor Swift’s fortune more easily than Jeff Bezos’s
01:23 – Economist arguments: do billionaires deserve the wealth they’ve amassed?
03:07 – What would taxing billionaire fortunes really cost society?

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