Chasing wealth and income, present and past, onshore and offshore.
https://gabriel-zucman.eu
https://www.taxobservatory.eu
Gabriel Zucman
Loading...
It was a wonderful event at @thegraduatecenter.bsky.social today with an enthusiastic and packed house to hear @gabrielzucman.bsky.social, @mayor.nyc.gov and I talk about the absolute necessity for global societies to tax the ultra rich. It's not radical to think they should pay their fair share too
It's hard not to view this as an important reason for the abysmal consumer sentiment (in spite of decent macroeconomic numbers).
Average income per adult grew 1.9% (net of inflation) in 2025.
But for the bottom 50% there was no growth.
And for the next 40% very little.
Almost all the growth was concentrated in the top 10%.
The very fast growth at the top is linked to the explosion of corporate profits, now at an all time high relative to GDP.
Le temps est venu de taxer les profiteurs de guerre.
open.substack.com/pub/gabrielz...
