The People's Forum: Yes. Either governments around the world need to start taxing wealth

or we are fucked. Of course the most powerful and influential of the super rich will do everything in their power to resist it but the alternative is climate destruction, a total collapse in living standards and the complete breakdown of civilised society. It's that stark. I am not particularly hopeful of change but you never know, there are multimillionaires and billions out there who recognise the need for wealth distribution and if their voices can drown out the Musks, Zuckerbergs and Bezoses of this world then it could happen.

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Im less interested in how good a trader he is, more in his conclusion that rising inequalities are resulting in the super rich hoovering up all the assets, and whether it could be fixed with a form of wealth tax.

The latest slogan he is pushing is 'tax wealth not work' which a slogan, as message to get behind is great from a marketing point of view, the occupy movement fell away due to having no concrete demands, just a nebulous collection of moans. This is a much more clearer message....but it is the right one?

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Which is about an order of magnitude too low.

He has an MPhil in economics, which is somewhat impressive but it's also entry-level, really.

He's wrong about the relationship between interest rates from 2008-Covid and poverty.

I've only glanced at his stuff just now. His book is normally the sort of thing I'd eat up, but it looks a bit bleh. Michael Lewis gets so, so much closer to the feel of the thing, even in his recent SBF book.

As for economists to follow, I think Adam Tooze is a genius. Not to say that he can tell you what's going to happen tomorrow, but as a window into the long perspective on what's going on right now, he's astonishing. The Wages of Destruction is still the best book I've read on Brexit. Also the leftist economists are often sharper and smarter with the data than the rightist/bank research report folk these days.