Is billionaire wealth becoming more legitimate | The Economist
Are today’s billionaires really different from those of the past? Callum Williams, The Economist’s Senior economics writer and Rosie Blau, Co-host of The Intelligence podcast, discuss why more billionaire wealth now comes from entrepreneurship rather than inheritance or political connections, what has driven that shift and whether it changes the case for wealth taxes.
00:00 – Why is anti-billionaire sentiment growing?
00:38 – Are billionaires actually getting “better”?
01:51 – Where do today’s self-made billionaires make their money?
03:16 – Why are there more self-made billionaires than before?
04:59 – Are billionaires still gaming the system?
07:21 – Does being self-made weaken the case for a wealth tax?
08:37 – Should we think differently about billionaire wealth?
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