1 Matching Annotations
- Jan 2023
there are some sources of energy which which create a negative value because of 00:48:39 of of global climate change and climate working and warming and you know all the negative external effect of using some energy so we have some to make some of the energy uh sources just illegal you know we have to keep some of the oil in the ground we have to stop looking for new oil and gas so you know so the solution to some of the of the energy questions we have is just to to 00:49:04 to make illegal you know the use of certain energy and to to to move to other energy so that's part of the answer now if we if we have done that and we deal with with energy that don't have the the negative this much bigger negative impact on mankind than their positive productive impact then you know redistribution of wealth must be about all forms of wealth you know whether it's 00:49:32 rent or energy or financial assets or i was seeing you know we we need to have a permanent circulation of wealth and power so you know that's the way i i view you know taxation of wealth is will be a permanent you know progressive tax on net wealth which in effect will will will wipe out all the biggest uh wealth right away you know say up to 90 percent tax per year for you 00:49:59 know for for billionaires but among you know there will still be some people who want 100 000 dollars some people who earn 1 million or 2 million but there will be a permanent circulation of wealth holdings within within this limited uh wealth gap that that will still exist and this should be for all forms of wealth you know whether it's land or housing or whatever whatever the origin
!- Thomas Piketty : On redistribution of all forms of wealth - concerning energy, certain harmful forms of energy such as fossil fuels need to be phased out and made illegal due to their harmful effects - ALL forms of wealth, whether financial, energy, housing, needs to be progressively taxed and redistributed equitably. So a billionaire would pay 90 percent tax per year but there will still be a range of wealth...up to millionaires for instance.