Gary Stevenson, former trader turned economist and inequality activist, joins Scott to discuss why wealth inequality is accelerating across the West. They unpack the rise of the billionaire class, why the middle class is shrinking, and whether wealth taxes, estate taxes, and stricter tax enforcement could reverse the trend. Gary argues that modern economies increasingly reward ownership over work — and warns that younger generations are on track to become poorer than their parents. Also, friendly reminder that we're live on Substack. Subscribe at profgmedia.com to get ad-free versions of all our podcasts, the full archive of Scott’s newsletters, and exclusive content including deep dives, livestream conversations, and subscriber Q&As. Timestamps 00:00 - In This Episode 00:49 - Do you think we're at an inflection in the conversation about inequality? 04:21 - What is your view on wealth taxes? 08:22 - Could wealth taxes be designed to be effective? 13:03 - What are non-dom policies in the UK, and what were their consequences? 17:54 - Why have wealthy residents reportedly left the UK over tax changes? 20:44 - Ad Break 22:47 - What do you think about the proposed pied-a-terre tax in NYC? 26:25 - Should borrowing against stock holdings trigger taxes on capital gains? 30:47 - Thoughts on an alternative minimum tax? 39:10 - Is the middle class a policy achievement rather than a natural outcome? 43:27 - Ad Break 45:23 - What explains the widening economic gap between the UK and the U.S.? 51:58 - What policies would you implement to address income inequality? 55:22 - Has underfunding the IRS effectively become a tax cut for the rich? 58:05 - Should we call it a “hoarding tax” instead of a “wealth tax”? Please support this channel by subscribing here: https://links.profgmedia.com/youtube-... Want more Prof G? Check out everything we're up to at https://links.profgmedia.com/home #ProfGMedia #ProfGConversations #ProfG #ScottGalloway #Politics #Economy #Tech #Culture #AI #Business #Leadership #Strategy #Innovation #Podcast #Interview #Insights #Culture