the wheels because light is the make up the of the fresh wind is blowing as i meet julia enrolled at wild wood. very. it's a huge piece of farm land in southern england that's being returned to nature. thanks to julia. okay, so this is the name can be see more of it. yeah, let's, let's have a look and take a look. julia davies is a multi millionaire with a passion for nature. her extreme wells came when she sold her stay can outdoor equipment company or spray europe a few years ago. she can't understand why her well says no being taxed.

she's 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 semester was signed by more than 200000000 as unpinned in as wells wide. 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 because that's part of the problem. part of the problem is that we have concentrated wealth money in 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, they've got to fly around the world in private jets. of course they've got to, you know, by themselves and massive cpos, they call the money to do it for too long. we've always liked this lifestyle and we're paying the price for that ourselves and the natural world's play not price as well. and so me, i'm absolutely heart broken by what we've already allowed to happen. so i'm not sure well i'm on to time. and so they will, i kind of 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 herself, 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 the money so

that they could buy sites like this and the motorcycle, 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. the wealthy since dishonesty of paying lower overall levels of well for you know, proportionate levels of wealth. some people who are just walking, you know, who are watching for living using valuable to on 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. and that means that there's 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 in a chest to unfortunately it's grossly under results to right now. so we propose

looking at a wealth tax or wealth above $10000000.00 pounds, maybe one to 2 percent. um, and i can assure you that wealthy people can afford to pay that without impacting, di lifestyle whatsoever. so you don't have a problem to to lose a talk. so if you will split fixation, i'd say it's losing a lot of my welfare. see it as an invest in public wells. it's one that i think it's just right. you know, this is a so in case of to have more of our use. i don't think we should be ashamed about things heading, but things on the morally correct thing to do. but if we have to bring self interest into it, i think everybody benefits from living in a wealthy, salty, and everyone is better off when everybody is better off. what's the reason the politics don't to, will fix? we have a situation where we have some people now with such extreme levels of wealth, they have low power, then i'll government and they have power. overall government is absolutely clear

that all government is not listening to the people because we've shown fruit. we're such that people are in favor of taxation of wells and positions don't seem to be, which suggests that they're listening to the us, the small group of people who have the most explain levels of welfare do not want, not talk station to happen. rough farmington is the project manager at wild wood, very, julia davis, pacey salary, he make sure the land is able to recover on the native flora and fauna come baton and flourish. i hope you're just to learn, so which is revised. there are no tell you purchased, well would praise a 170 hector's. and that's 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 it's on the sweat. it's those like cut, the super rich, the to contributing disproportionate, the, to climate change. we are in the situation now with our children and grandchildren are going to be watch off the know. so i'm, i'm ashamed of that. i really am ashamed of that. and that is directly related to the concentration of wealth, and it has a fewer and fewer people because i think we have a consensus. so 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. i've now come to london to meet another multi millionaire who's 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 and 1000000000 is live not to go and

have them saved for a wealth tax. in fact, many have stashed away their money in tax havens. the reigning monic enjoys special privileges according to know the money can. buckingham palace 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 off to the reigning monic dies. i'm now meeting phil whites like dounia davy, c. 21. so wells tax under the stern gaze of persons legendary prime minister, winston churchill, we may nip holloman's. see to his signs open left his cooling for a tech station on extreme wealth. the rich must pay their fair share in every country in the world. tax us the rich in texas, now the phil white skein to as well from being

a partner and major stakeholder in and large consulting firm. we will the few steps to the promise of westminster, the seat of the british parliament. phil believes the tax on wells like his is long overdue well of a millionaire. and i do believe that 1000000 is can use to be 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 in front of the house of parliament. so it's life. don't full efficiency make it will fix. it doesn't sound why policy should still make a wells tact, frankly. and it's always been something that's been on the agenda, but politicians don't like to do it. but it's kind of old. i mean, we're a,

we're very specifically talking about top seeing extreme, well, see, and so we're not talking about the types of people we have. so what i was told by talking people with millions of times you can afford to pay a bit of money. and i can't see any logic in not doing that. so is by no means a lot even amongst his pay is the group of patriot 1000000, as is growing all type of golf spots. we got 1000000 eggs to some friends. and we got on for the, as we've all people we've worked for it, we've also inherited wealth. but everybody's coming out from the same point of view, which is we need to do something better with this. and we need to do that through governments and taxation is to is the way forward on this. as 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, you know, popular millionaires. we did some, some polling and we filed the, you know,

the majority of people being siphoned wealth tax. phil advocates implementing a global wealth tax and to reject the frequently cited argument that it would cost the super rich to least 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 didn't match with the 26236000 stayed in no way. so it was a very small effects people left. so again, these statistics are often used in put against, but yes, we do need, we do need international agreements on this. that's important. every year in january demonstrate is flocked to the switch result town of douglas to protest at the wells economic for in a meeting of the world's wealthiest. indeed, phil lights joins the crowds because were in favor. we'll talk to, you 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 is assigned to is not clear. we didn't get any reaction from liberty can all make for, for on site. but again, we did get a lot of interest again from around the world would actually in a gotten in the media and presenting that story and understanding why all the standing in davos arguing so well types is and arguing against the the quality it demonstrates is representing the 99 percent of society the to know which we tend to demo sell some fil white was that along with australian multi millionaire monday, the anglo horn i've arranged to meet to in vienna, outside the newly revamped parliament building. no make has only returned to the building last year. after years of renovation walk.

molina angled hahn is 31 years old and studied german language and literature has family made its full june through the pharmaceutical company building on manheim. late grandmother as well was estimated, didn't any full, 1000000000 euros. she herself inherited many millions. malayna ingle horton advocates, the social justice. she's one of the most outspoken activists calling for a wealth tax rate. so this is from rudy. i would like to see a tax on the wealth of ultra rich. people like me, county side. it's unacceptable that most wealthy, systematically concentrated. i'm on a few people fits with some ice, the richest one percent in 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. it's unfairly distributed and it doesn't have to be that way. it's designed just with them being in front of the parliament, building wild politicians taking action here 9 i'm i think politicians lack the

women the coverage to take a stand against wealthy people like custom 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 couldn't be accumulated in the 1st place. if you don't 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, it's not the welfare lead to the rules to ask for both of us, just a stone's throw from the parliament and the renowned book data is cafe locked month . it's 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. it's the politicians that the media and as are aiming to reach in that open latch as calling for a wealth tax. the divide between the very rich and the rest must close tax us before it's too late, especially the elf. and i'm 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, it's a question of power. why am i, as a wealthy person, allowed to decide what is a good tax model and what's 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 was progressing. don't forget that most people with a high net with i'll just normal people and some of the children go to school here

. they have walking relationships and friendships. yeah. they're imbedded in society. they might also love that home and have done up the wonderfully. so they don't 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 doesn't work. real estate company moved because it has a wealthy families, usually we have a staff can find that to advise is to make sure that wells keeps on growing finish. but yeah, it has say, i represent the richest one percent of society. and view is watching, represent the other 99 percent. this is how it works. i have an incredible amount of money, let's say 100000000 euros. we're speaking hypothetically. and i go to the bank with my 100000000 and one to put it in my account, the bank wage, the finger at me saying ms and your 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 appointments, moshe more government bonds, and so it goes on increasing and increasing and it doesn't stop. this happened at all such stuff. i know it's a dry subject and your homes and go home the scope of the day have it's this tag is a hi,

my name is josh. i chief it. i am a rainy and danish and dublin. yeah. i was born at the around and $61.00. i think it's still important that the people like me to be really speak up because it'd be, it'd be a big part of the solution. if people say hey, likes to ask about governments to get the financing, but sorry, the government don't have the money bought this one doesn't. has the money christian's going palace in copenhagen is the see to the danish parliament. this is where i meeting with jeff shaw 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 decided to you to see the dog, the top one percent. i don't believe you can do it. that's why, how you became a window now. eh, a, i think i wish it was lucky, i work a hot a, i have the right timing and so on and so on. so with and the, the, the society is a good way to test system where the text pay us the pay the fast. yeah. date for the case. a 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 that's why i was fighting against it here in front of 2 students. books that they missed parliament light on for the efficiency implement there will sticks to put, you don't do it is very simple actually is because they are the so for each i in

for them so hot because a behind every one of them, the some the organizations some super rates, some companies don't anything to them. and the that's unfortunate as the one of the biggest problems and they don't have the courage to do it. that's why we need to go in the get the money out of politics. if you don't get the money out, i don't believe you can do it. the jeff on his little say sign to the open left his to politicians that most so in tax we trust address the elephant in the room in equality. that's the message from jeff off malayna and others to world leaders. yes, we want to educate public, the hunger share of environmental problems and so on. but it requires something

about c trillion dollars to achieve that every year. and i was just and was yes, the top one percent you like to do it because one percent, it's a one activities about 3 stadium because we have so much money. you know hands. so that was our proposal and you had left on but now somebody as of to the media, does i talking about it? many deals and so on. so i'm happy that the dental, the laughing 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 it'd be just be a little bit of the gaming in even the, the getting something out of my wealth. so it is to produce, can live their lives, like the oldest, have done. and of the same time, a save all planet and be the heroes activity you said that it was takes is better and makes more sense than feel entropy. why do think so?

i should not the site what i, i like to support maybe i like catch. so i give all my love to to get the, you know, you have a society that schools hospice has and so on. of course it should be a democracy system that collect that money and spend that to the bill the fastest. and so it beneficial to everybody and not because what i like or what i don't like solving the world's 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. it's the politicians who are holding back. i now have an appointment with sebastian cline. he's and know that much to them. as a spence machine, i think it's shameful. the way things are now. labor is heavily taxed. well, assets aren't taxed at all. and income from assets is not taxed heavily or rather not less than labor is the government does have options to be an 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. so schools face cuts and no longer work as well. and while at the same time, there's all of his private wealth that's not taxed at all. and so much inheritance that goes on taxed or barely taxed. so politicians do have a choice for the 2 categories. i need to hear linda. how does it seem content? why do you think that not doing anything to this party? who is 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 hurt. disproportionately stuck in, they'll be home, i'm guessing they're gonna have to then together with others, sebastian klein 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 its top lights. that is the sort of ultimate and that's blossom before the supervisor told me, 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 so they increase by to find out if it was mostly liberating. but i can't rule out that one day there might be this beautiful vineyard that i'd like to buy but can't. and then maybe i'll be annoyed again, but if that happens, i'll just have to deal with it about the whole thing was done, understand even talk on his announcement that he would be donating the money for charitable causes, suddenly created to stuff like this, this company see a top of the loads of people wrote to me because even somebody been sent me their account details right off. i could have given the money away very quickly,

but i thought it was good if i'm not treating this as my private wealth, how can i maximize the positive effect? but this capital has on society. he comes in and i'm still trying to figure that out to be tied to the fact. one of the 1st things i want to do now is to start of media, find titles because many small media companies in germany are under funded. and we really have a problem with the media landscape of us until sunday insights. feel if a lot of people are no longer getting their information from reliable sources within medium. so that's one project. now, i can tell you understand this a few more to come in order. so since i'm, we're done with looking paul by the name game, there's certainly no shortage of options. gemini is wealthy, but poverty and homelessness around the rise. the corona virus pandemic, the will in ukraine spiraling energy prices and inflation. they've all widens the gap between rich and poor. logic is very soft, needs to be looked at so that when equal society is or not stable, there's more envy, divisions,

and hatred. more crime when. and i think we need to make it clear, get to this effect. everyone's all even the wealthy because they have to lean 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. that's not desirable. not for the rich either. the so you can see what it's like in countries where society is even more on equal. the rich have to live behind barbed wire fences and have soldiers protecting them from attack. and sticking this numerous clifton to them social cohesion can only work if the gap between which and pool is not too great. if wealth is not concentrated in the hands of a few, such as even that some to coal for an upper limit, tell me, well, once in the beginning you mentioned, these are so few people reject the idea of an upper limit on wealth. others are almost everyone says, yes, it's okay to limited. the question is where you're limited would have an opinion on

that into mind. everyone has an opinion on that was gone. it would just have to be negotiated politically. but to say that it's okay for someone to have 50000000000, while others have nothing or a drowning in debt. is something that very 2 people find fair. and in my experience, even wealthy people don't think it's fair. because a diesel from the one of the world's richest men, e loan mosque is with nearly $200000000000.00. that's 200000 1000000. such wells could undermine democratic knowns, is internet and will continue on. sorry, i'm 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 is the politicians don't do what i want. then unfortunately i have to move a lot of jobs abroad. so she that's not

a myth. this was there, it's what people with great, well to save themselves course. and then i can confirm that to me, but with this i have much more access to politicians when your average person on the street. and that just doesn't fit with the idea of democracy and where everyone should have a voice and invest in this one thing will cut you does a lot in just a mom, 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 russians economy is growing just probably so costly will and sanctions against the country. there is a 2 percent bruce,

even though natural gas exports have fallen drastically. so what's driving this? and what role does china play? we're taking a closer look made in germany. in 30 minutes, d, w the

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