Dr. Arun AdvaniTranscript53m
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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