Transcripts For DW Close 20240704

Shes positive patriotic 1000000 as the coalition of the super rich calling for a tax on extreme wealth. They make that case and open left as to their respective governments in a time of increasing in equality. They say the solution is playing for all to see you are global representatives, have to tax us the old to rich. You have to start now. Tax the also rich and do it. Now. This anessa was signed by more than 200000000 is opinion as worldwide what or who is stopping in 3 my was talk to a statement and as we walked the choice with us extreme, well for nicole to see cuz thats part of the problem. Part of the problem is that we have concentrated wealth money in the hands of a smaller and Smaller Group of people. Unfortunately, those with most wealth, all the ones are consuming results in the world in the most extreme way excessive extreme way. Of course theyve got to fly around the world in private jets. Of course theyve got to, you know, by themselves and massive cpos. They call the money to do it for too long. Weve always liked this lifestyle and were paying the price for that life styles and the natural well its playing price as well. And for me, im absolutely heart broken by what weve already allowed to happen. So im not sure well and on to time and city, well i care, im a little bit that i can do with my money to try and do something about that. To come back, the last of biodiversity, julia paid nearly 5000000 euros to buy this farm land, not for himself, but for the british wild life trust. It was an interest free loan, which allows for many more like it. I came up with the idea of lending them the money so that they could buy sites like this. And then once they go, the land enables them to then get funding and from other sources to we pay me back, which means i can then do another project. The loan has since been repaid and more land purchased for re wilding. Julia says a wealth tax would give the Government Funds to tackle the climates, emergency inequality and buttons cost of living crisis that the wellsystems dishonest are paying low overall levels of well for, you know, proportionate levels of wealth. Some people who are just walking, you know, who are watching for a living using valuable to and money, the wealthy society, they get the money from now wells. And then not being taxable. Not in any way, like the degree to which people who are walking or getting tax. So im not mean so theres less money coming into into sort of, you know, the public funds to invest in doing things like repair and law schools and maintaining our, and it just suits, unfortunately, its grossly under results right now. So weve proposed looking at a wealth tax or wealth above 10000000. 00 pounds, which may be 102 percent. And i can assure you that wealthy people can afford to pay that without impacting, di lifestyle whatsoever. So you dont have a problem to, to lose a todd. So if you will split fixation, id say its losing my wealth. I see it is an invest in public. Well, its one that i think its just the right. You know, this is a so case of to have more of our use. I dont think we should be ashamed about things heading, but things on the morally correct thing to do. But if we have to bring self interested into it, i think everybody benefits from living in a Welfare Society and everyone is better off when everybody is better off. Whats the reason the politics dont to, will fix . We have a situation where we have some people now with such extreme levels of well, so they have low power, then ill government and they have power. Overall government is absolutely clear that all government is not listening to the people because weve shown fruit. Were such that people are in favor of taxation of wells, and politicians dont seem to be which suggests that theyre listening to the us of a small group of people who have things most explain levels of welfare do not want not taxation to happen. Rough farmington is the project manager at wild, would very, julia davies, pacey salary. He make sure the land is able to recover, and the native flora and fauna can return and flourish. How big is the lentil which is revised . There are no. Tell the a purchase. Well, would praise a 170. 00 hectors, and thats pretty much everything we can see as far as the, the more intensive blocks of, um, kind of has everything in this direction and actually be on the horizon uh all the way to the nearest village. Julia davis believes nature is our greatest tricia and its on the threat. Its those like uh the super rich, the to contributing disproportionately to climate change. We are in a situation now where our children and grandchildren are going to be well, so, and also im, im ashamed of that. I really am ashamed of that. And that is directly related to the concentration of wealth in the hands of fewer and fewer people. Because i think we have a consensus that we need to do something and to, to reduce the potential of dangerous climate change. But the same time we have extremely wealthy people who are using the wealth to block size changes. Ive now come to london to meet another multi millionaire whos fighting for a tax on extreme wealth. London continues to be the number one Financial Center in europe and the city where the most 1000000 as unbeknownst, lives not to own of them, save for a wealth tax. In fact, many have stashed away their money into tax havens. The reigning monic enjoys special privileges, according to law, or the money can fucking him. Policy pays no income tax on that personal allowances, or the millions they end from leasing out the royal estates. Nor do they pay inheritance tax on the billions to be inherited. Often the reigning monica dies. Im now meeting phil whites like to hear davie c 21. 00, so wells tax, under the stern gaze of griffins legendary prime minister, winston churchill. We may Near Parliament due to his signs, open left his calling for a tech station on extreme wealth. The rich must pay their fair share in every country in the world, tots us the rich and tax us now the phil white skein to as well from being a partner and may just state called in and lodge consulting firm. We wilks, the few steps to the palace of westminster, the seat of the british parliament. The phil believes the tax on wells like his is long overdue well of a millionaire. And i do believe that 1000000 is, can usually contribute more to this country. What we see is a lot of people are really struggling with the cost of living choices with a whole bunch of social issues and crumbling infrastructure in many ways in the u. K. And we need money, governments, the money to solve that. And really the wealthy people like me, can contribute more, but actually take more of that load to help the country generally. Yeah, in front of the house of parliament. So its life. The full efficiency make it will fix. It doesnt sound why policy should still make a well stocked, frankly, and its always been something thats been on the agenda, but politicians dont like to do it. But its kind of old. I mean, were a, were very specifically talking about top seeing extreme, well, see, and so were not talking about the types of people we have. So what i was told was i talking people with millions of pounds, you can afford to pay a bit of money and i cant see any logic in not doing that. So is by no means a loan amongst his pay is the group of patriot 1000000, as is growing all type of golf spots. We have 1000000 as truth and friends and weve got on for the legal people, weve worked for it. Weve also inherited wealth, but everybodys coming out to from the same point of view, which is we need to do Something Better with this. And we need to do that through government. And taxation is the, is the way forward on this. Well, newly weds, have that photos taken at westminster . We had of to a nearby pub it turns out that texting the super rich for the benefits of society is an attractive concept for many. In england, i mean we do, you know, popular millionaires. We did some, some polling and we filed the, you know, the majority of people being siphoned wells tax, phil advocates implementing a Global Wealth tax and to reject the frequently cited argument that it would cause the super rich to lease the country. You know the statistics, i think somebody like 24000000 is from norway left to go to switzerland and to avoid taxation. The statistics didnt match with the 26236000 stayed in no way. So that was the very small effects of people left. So again, these statistics are often used in put against, but yes, we do need, we do need International Agreements on this thats important. Every year in january demonstrate to slow up to the switch result town. If that was to protest at the wells, economic for in a meeting of the worlds wealthiest, indeed, phil lights joins the crowds because were in favor, well talk to you, they really want to reduce his level of wealth and the quality in the world. The so corrosive to society, whether the demonstrate this message goes through to the rich and powerful meeting and signs is not clear. We didnt get any reaction from liberty cannot make for, for on site. But again, we did get a lot of interest again from around the world actually in again in the media and presenting that story and understanding why the other standing in davos arguing so well types is and argue against the the quality or demonstrates is representing the 99 percent of society the to know which returns to demo snell some fil white was that along with australian multi millionaire monday, the angler. Hon. Ive arranged to meet to in vienna outside the newly revamped Parliament Building. So may cuz only returned to the building last year of 2 years of renovation walk. Marlena angled hahn is 31 years old and studied german language and literature. Somebody made its full june through the Pharmaceutical Company building on manheim. Late grandmothers wealth was estimated at nearly full 1000000000 euros. She has self inherited many millions, marlena, engel horn advocates, the social justice. Shes one of the most outspoken activists calling for a wealth tax. Rest of this is for moody. I would like to see a tax on the wealth of ultra rich people like me kind of sign. Its unacceptable that most wealthy systematically concentrated. Im on a few people good with some of the richest one percent and australia hold up to 50 percent of the wealth. Well, half the population has to make do with justin to 3 percent of the wealth. Its unfairly distributed and it doesnt have to be that way. Its designed just with them being in front of the Parliament Building while politicians taking action here. 9, i think politicians like the women, the coverage to take a stand against wealthy People Like Us and to say yes, you want to keep your wealth. But the fact is that wealth is only created by society. So without the work of lots of people, invest spending, your wealth couldnt be accumulated in the 1st place. If you dont respect that and you deny that your own wealth is linked to society, schools, all of that have to be financed. And how would they find that just to texas . So you can make a contribution. And as a politician, you can require that this is a democracy, its not the welfare leads. The rules to ask for those of us, just a stones throw from the parliament and the renowned book to out to is cafe locked money. Its traditionally a Meeting Place for actors, politicians, Business People and jen. It lists its back rooms have no doubt being the scene of many a political deal. Its the politicians, but the millionaires are aiming to reach in the open latch as calling for a wealth tax. The divide between the very rich and the rest must close tax us before its too late, especially the elf. And im also speaking on behalf of our initiative text. Me now where we is 1000000 as have made a joint commitment not to discuss which taxation models would be good or to come up with our own models. Because once again, its a question of power. Why am i, as a wealthy person, allowed to decide what is a good tax model and whats a bad one . No one who pays income tax is oscar. Do you think the income tax model is good . Would you have an alternative . The question is not even oscar, i guess is one time if it is something you think a wealth tax would permit the super rich to leave the country. Well, thats for guessing. Dont forget that most people with a High Net Worth of just normal people. And some of the children go to school here. They have working relationships and friendships here. Theyre imbedded in society. They might also love that home and have done up the wonderfully. So they dont want to have to build a new one somewhere else to put it bluntly. Some assets constantly be moved abroad. Try packing your forest and your costs a new backpack and walking across the border. It just doesnt work. Real Estate Company moved because it had uh well see families usually we have a stack of Financial Advisors who make sure that wells keeps on growing finish. But yeah, it has say, i represent the richest one percent of society and view as watching represent the other 99 percent. This is how it works. I have an incredible amount of money, lets say 100000000 euros. Were speaking hypothetically, and i go to the bank with my 100000000 and want to put it in my account. The bank waves the finger at me saying ms. Angle home, you have to invest it. So i opened a securities account and i invest the money. Maybe i buy shares, meaning parts of companies then belong to me. Oh, i may buy Government Funds where i lend money to the state. I might invest a real estate, so i buy houses in which people live work, and then the following happens. The 99 percent have to eat. So they go to the supermarket in which i have shares. So when they go shopping, i get money. They have to live, so they pay rent somewhere, perhaps, and houses and apartments that i am. So they pay me rent. So i get a return on investment. I take that return to the bank and they say miss and get home, please invest. And then i buy more apartments, moshe more Government Funds, and so it goes on increasing and increasing and it doesnt stop. When this happens, all such stuff. I know its a dry subject and your home and go home the scope of the day have its this tag is hi, my name is josh. I g a. I am a raney and danish and dublin. Yeah. I was born at the around and 61. 00. I think its still important that the people like me to be really speak up because itd be, itd be a big part of the solution. If people say hey, likes to ask about governments to get the financing, but sorry, the government dont have the money bought this one because it has the money. Christians going palace in copenhagen is the see to the danish parliament. This is where i meeting the chef arshad a g, a multi millionaire who enters money in real estate. He came here as a child from iran. The danish welfare states enabled him to study and set up his company. Now he wants to give back. He says a wealth tax could advance the Un Sustainable Development goes o s d geez, i am. And what do you mean your navy . And the, i think that the, the super rich, it has to be a part of the solution to say, to solving off problems. So this, the 70 to cease the dog, the top one percent. I dont believe you can do it. Thats why, how you became a window now. A or i think i wish it was lucky, i work really hard a i have the right timing and so on and so on. So the, and the, the, the society is a good way to test system where the text pay us the pay the fast. Yeah. Dates for the kids that go for 2 days on the pressure. A lot of the pressure. So i see they beautiful, they, the society going more down than i this even more than 4 decades ago. And thats why it was a fight. Think against it here in front of 2 students, books that they missed Parliament Light on for the distance employment there will sticks. They put, you dont do it is very simple actually is because bill the suit for each i it for them so hot because a behind every one of them the some the organizations, some super rates, some companies dont anything to them. And the thats unfortunate of the one of the biggest problems and the dont have the courage to do it. Thats why we need to go in the get the money out of politics. If you dont get the money out, i dont believe you can do it. The jeff on his little say sign to the open rest, his to politicians. Them also in tax, we trust. Address the elephant in the room in a toilet seat. Thats the message from jeff off malayna and others to weld latest. Yes, we want to educate public, the hunger shelter, environmental problems and so on. But it requires something about 3 trillion dollars to achieve that every year and was just yes and was yes, the top one percent you like to do it because one percent, its a one activities about 3 stadiums because we have so much money in our hands. So that the proposal and the last done but now so many years after the many others i talking about it, many ideals and so on. So im happy that the dental drafting anymore gets it, get it seriously. You also would lose money. Is a problem for, you know, because the, for me to give one percent, my gain is more than 10 percent every year. So be just be a little bit of the gaming in even the, the getting something out of my wealth. So the supers can live their lives like the oldest have done, and of the same time the save, all planted and be the heroes activity. You said that it was takes is better and makes more sense than feel entropy. Why do things so i should not the site what i like to support maybe i like catch. So i give all of my work to to get the, you know, you have a society that schools hospice as a so on, of course it should be a democracy system that collect that money and spend that to the bill fastest. And so it benefits everybody and not because what i like or what i dont like solving the worlds problems, but the small contribution from the super rich certainly sounds good in germany to pose show a large majority in favor of taxing extreme wealth is the politicians who are holding back, i now have an appointment with Sebastian Cline. Hes another multi millionaire, or rather a full man multi millionaire. He co developed the apps reading chest, which summarizes non Fiction Books to reduce peoples reading time. Yeah, was sold last year for 200000000 years. He found his resulting wells, problematic we have to meet you, lets the out a few more than 2 recent years thought a lot about the issue of inequality and i found the statistics really shocking filaments and in countries like germany, so many people have nothing while a small group is getting more and more i just pulled in, and when i suddenly had all this well to myself, i didnt want to become a part of the problem. But rather part of the solution. And how would you be part of the solution . They have decided to give up 90 percent of that wealth and transfer it to a Charitable Organization for to but its no longer part of my private assets, but can benefit society because as of to kind of just doing here for them the way standing here in front of the gym and call them and when politicians would have the means to change something to tax extreme wealth. So i am, lets, lets, lets, what was your message to them . As a transmission, i think its shameful. The way things are now, labor is heavily taxed. Well, assets arent taxed at all, and income from assets is not taxed heavily or rather less than labor. When this is the government does have options. Agreements and inheritance tax, wealth tax and Capital Gains tax could all be raised infringement. There are always a few 1000000000 euros missing somewhere in the budget in schools space cuts and no longer work as well. And then while at the same time, theres all of his private wealth thats not taxed at all. And so much inheritance that goes on taxed or barely taxed. So politicians do have a choice. You put it together because i think you have linda. How does it seem content . Why do you think that not doing anything . The parties we awesome. I keep asking myself the same question because it would be in the interests of 95 percent of the population. I think the wealthy just have a very strong lobby. So their voices get heard disproportionately stuck in, theyll be home, im guessing theyre gonna have to then. Together with others, Sebastian Cline now publishes a regular magazine promoting fac conditions in the workplace. The majority of his assets and now with a Non Profit Organization to which he himself has no access. Not everyone gets it. And he even admits himself that there may come a time when he regrets his decision. But right now he feels good about dates. To apply to it is disorder ultimate. And thats the lesson before the supervisor. I mean, it was actually quite a burden to me to have so much private wealth find i find it liberating to say, okay, i no longer need to think about how i can manage these assets. And so they increase by to find out if it was mostly liberating. But i cant rule out that one day there might be this beautiful vineyard that id like to buy but cant. And then maybe ill be annoyed again, but if that happens, ill just have to deal with it. Ill talk with them and send him a com of his announcement that he would be donating the money for charitable causes, suddenly created a stuff like this. This company see a top of the loads of people wrote to make his feet and somebody can send me their account details right off. And i think i could have given the money away very quickly. But i thought it was good if im not treating this as my private wealth, how can i maximize the positive effect . But this capital has on society becomes and, and im still trying to figure that out to be tied to. One of the 1st things i want to do now is to start of media fund titles. Because many small Media Companies in germany are under funded. And we really have a problem with the media landscape with us. And those funds get in fights if you live a lot of people are no longer getting their information from reliable sources within medium. So thats one project. Now, i can tell you and theres a few more to come in order. So since im quick done, done whats looking pop i to the name game thats certainly no shortage of options. Gemini is wealthy, but poverty and homelessness around the rise. The corona virus pandemic, the will renew, crane Spiraling Energy prices on demonstration. They will widens the gap between rich and poll, lazy because they itself needs to be legged, so that when equal societies are not stable, theres more envy, divisions, and hatred. More crime when. And i think we need to make it clear that this affects everyone to all, even the wealthy and executive to living if you live in a society that so when you called at the poor start rubbing others because they have no money and see no way of earning an honest living thats not desirable, not for the rich either. Of this you can see what its like in countries where its society is even more on equal. And then do you know the rich have to live behind barbed wire fences and have soldiers protecting them from attack . And sticking this numerous go from to them. Social cohesion can only work hits the gap between rich and poor is not too great. If wealth is not concentrated in the hands of a few, that is even that some to code for an upper limit. Tell me, well, let me finish reading and mention these are so as you people reject the idea of an upper limit on wealth. Others are almost everyone says, yes, its okay to limited. The question is where youre limited. We have an opinion on that and everyone has an opinion on that. It would just have to be negotiated politically. But to say that its okay for someone to have 50000000000, while others have nothing or drowning in debt. Is something that very few people find fair. And in my experience, even wealthy people dont think its fair mention because a diesel from linton as one of the worlds richest men. Elan mosque is with nearly 200000000000. 00. Thats 200000 1000000. Such wells could undermine democratic knowns. Is it in a remote cartoons, arent allowed in a democracy . We say everyone has a single vote. But the truth is that if i have, well, if i have economic and financial power, i have more than my vote. I have access to politicians. I can push through my own agenda more effectively comes i can say, man, if the politicians dont do what i want, then unfortunately i have to move a lot of jobs abroad for shes thats not a myth. Its what people with great, well save themselves course and then i can confirm that to me about what does i have much more access to politicians when your average person on the street and that just doesnt fit with the idea of democracy and where everyone should have a voice and invest in this when people, cuz he does understand the democracy, social cohesion, and all welds Natural Resources are all at risk due to the concentration of extreme wealth in the hands of a few. And yet the solution could be so simple. The legal says drowning in the state administrative. The environment is now banned. Single use mastic closing huge problems thats what it means is program. Were looking at the long term environmental phenomena, each on effects finding out for 1030 minutes on d. W. No simple way to subsidize direct to acquire them of their travels along with him of the fact to a Young Country that has known almost her familys history as inseparably links to the struggle with his freedom to design the 75 minutes on d. W. Willed in progress of pop calls to everyone who wants to know more about this topic. The 2nd son about this story is beyond the headlines world in progress. The w talk caught the this is the w news and days around the top stories, rushes flooding. The person has to leave at a defiant speech off declining victory and a president ial election in which he faced no incredible challenges. Speaking in moscow is right square proved to invalid to continue the war in ukraine, and prized what he called the return to russia of territories and legally annexed from you, cried. Israel says it has killed how mazda is head of internal security during a ride on gauze is our chief of