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Unequal Societyep3
Would a wealth tax work?
Dr. Arun AdvaniDr. Arun AdvaniHD, subtitles, Q&ATranscript53m
Societies are becoming more economically unequal over the last 50 years. The wealthiest 10% of households now hold 43% of all the wealth in Great Britain. Should we tax wealth? And if so, how?

Private wealth in major economies like the UK and US, has been growing substantially over time. Wealth is harder to measure than income but by any measure of wealth, it has risen over the past 70 years. Average adult private wealth in the UK now hovers around £180,000 but as wealth accumulates over a lifetime, a higher proportion of wealth now sits with the over 65s. Intergenerational inequality is a ticking timebomb.

How should we think about taxing wealth and what are the unintended consequences that a wealth tax would create for society?

Arun Advani is an Assistant Professor in the Economics Department at the University of Warwick, a Research Fellow at the Institute for Fiscal Studies, and a Visiting Fellow at the International Inequalities Institute. An expert in studying inequality, tax compliance, and tax design, with a particular focus on those with high incomes or wealth, he is also a Commissioner for the Wealth Tax Commission. In this Garden Talk, Arun will discuss the arguments for and against a wealth tax and share his views on how to reduce inequality in society through fiscal policy.

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HD, subtitles, Q&ATranscript

Unequal Society

Our societies are becoming more economically unequal, but what can we do about it? Join the director and researchers of the IFS to discuss what needs to be done, and what's possible, to build a better future

3 talks
Interactive Q&A
Series guide

Top audience questions
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How do you enforce the tax when wealthy people pay expensive accountants to find ways of avoiding tax
8 votes
How much do off-shore tax havens contribute to this problem, and is there a way to bring the assets held there back into the taxation system?
6 votes

Thank you so much for sharing this with us. I'm so pleased you were able to delve into this subject during such a strange time for all of us. Very insightful information. Shall be sharing this with people I know.Inez
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