"Tax the billionaires" is a rallying cry of Gen-Z socialists—not least because it makes for a compelling soundbite on TikTok. But what is the real cost of making the super wealthy pay for everything?
On the latest episode of Insider our editors make sense of Gen-Z socialism's economic plans.
#Mamdani #Tax #Wealth #Economics #GenZ
00:00 - Why the left no longer wants to tax everyone
00:33 - Why Gen-Z is obsessed with billionaires
01:17 - Mamdani’s pied-à-terre tax
02:15 - The economic case for property taxes
04:02 - Have we reached “peak billionaire”?
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