Where the Wealthy Hide Their Money

Where the Wealthy Hide Their Money

Assessment

Interactive Video

Business, Social Studies

University

Hard

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FREE Resource

The video discusses an expert's research on where the wealthy hide their money, focusing on offshore tax shelters and wealth inequality. The expert, now a professor at Berkeley, has influenced political debates and policy proposals, including a book titled 'Triumph of Injustice.' The video highlights a new method to estimate wealth, revealing a surge in wealth inequality in the U.S. since 1980. The expert's work has informed policies like Elizabeth Warren's wealth tax and Bernie Sanders' estate tax. The discussion emphasizes the need for aggressive responses to wealth concentration, proposing high tax rates to discourage extreme wealth accumulation.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who did the expert study under, and what was his significant finding regarding offshore tax shelters?

Thomas Bacchetti; $7.6 trillion hidden

Thomas Piketty; $7.6 trillion hidden

Thomas Piketty; $5 trillion hidden

Thomas Bacchetti; $5 trillion hidden

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the book written by the expert and his colleague?

Income inequality in Europe

Wealth estimation methods

Political campaigns in 2020

Offshore tax shelters

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much of the U.S. wealth did the top 0.1% control in 1980 compared to now?

10% in 1980, 25% now

7% in 1980, 20% now

5% in 1980, 15% now

7% in 1980, 15% now

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the proposed high tax rates on the wealthy?

To fund healthcare

To increase government revenue

To support education

To discourage extreme wealth accumulation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which political figures did the expert consult regarding wealth and estate taxes?

Nancy Pelosi and Chuck Schumer

Donald Trump and Mike Pence

Elizabeth Warren and Bernie Sanders

Joe Biden and Kamala Harris