That's Debatable: Is It Time to Redistribute the World's Wealth?

The video is a debate on whether it's time to redistribute wealth, highlighting that 44% of the world's wealth is owned by the richest 1%. The debate features two teams: Larry Summers and Allison Schrager against the motion, and Yanis Varoufakis and Robert Reich for it. Arguments against focus on the inefficiency of wealth taxes, while arguments for emphasize the need for fairer distribution to support democracy. The discussion includes various tools for redistribution and stresses the importance of building from the middle class without envy.

What percentage of the world's wealth is owned by the richest 1%?

• 22%

• 44%

• 66%

• 88%

Which former US Secretary of Labor argued for wealth redistribution?

• Allison Schrager

• Robert Reich

• Larry Summers

• Yanis Varoufakis

What is one of the main arguments for wealth redistribution?

• It promotes political power for the wealthy.

• It is a way to increase the wealth of the richest 1%.

• It is a method to avoid paying taxes.

• It can help democracy by reducing wealth concentration.

What is a key argument against wealth redistribution?

• It is the best way to fix schools.

• It can lead to a politics of envy.

• It is the only way to clean the air.

• It is the most effective way to repair infrastructure.

According to the debate, what is essential for making the world a better place?

• Caring deeply about issues.

• Counting carefully and rigorously.

• Ignoring economic planning.

• Tearing down successful people.