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MASON: Once you get people whose entire life is lived
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Capital in the Twenty First Century

Once you get peoplewhose entire life is lived on a kind of plane,you know, in First...

MASON: Once you get people
whose entire life is lived on a kind of plane,
you know, in First Class, in the bubble of
the security system, and your villa in three
or four different countries you can move to if things
get a bit unpleasant, what happens to taxation?

Full Transcript

00:00:01.000 --> 00:00:03.567
MASON: Once you get people whose entire life is lived
00:00:03.611 --> 00:00:06.875
on a kind of plane, you know, in First Class,
00:00:06.919 --> 00:00:09.356
in the bubble of the security system,
00:00:09.399 --> 00:00:11.793
and your villa in three or four different countries
00:00:11.837 --> 00:00:14.883
you can move to if things get a bit unpleasant,
00:00:14.927 --> 00:00:17.233
what happens to taxation?
Duration
17 seconds
Views
23
Timestamp in Movie
01:11:05
Uploaded
Jun 07, 2025
Genres
documentary
Production
GFC Films,Upside Télévision

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Movie Summary

Based on Thomas Piketty's No. 1 New York Times Bestseller, Capital in the Twenty-First Century explores one of the most important and controversial subjects of our time: wealth, and who gets a share of the dividends.
What happens is large amounts of wealth are moved offshore. - Capital in the Twenty First Century 00:05
What happens is large amounts of wealth are moved offshore.
For decades, individuals and companies have moved - Capital in the Twenty First Century 00:12
For decades, individuals and companies have moved
So that when you come out of the HQ of one of these - Capital in the Twenty First Century 00:19
So that when you come out of the HQ of one of these
That's a very new system in capitalism. - Capital in the Twenty First Century 00:04
That's a very new system in capitalism.
And it is unsustainable - Capital in the Twenty First Century 00:11
And it is unsustainable
REPORTER: The EU has ordered the Irish government - Capital in the Twenty First Century 00:07
REPORTER: The EU has ordered the Irish government
REPORTER: $15 billion is more than the four years - Capital in the Twenty First Century 00:07
REPORTER: $15 billion is more than the four years
REPORTER: Facebook paid less UK corporation tax - Capital in the Twenty First Century 00:05
REPORTER: Facebook paid less UK corporation tax
FOROOHAR: It just works much better for the holders - Capital in the Twenty First Century 00:08
FOROOHAR: It just works much better for the holders
In particular, the giant cash-rich tech firms - Capital in the Twenty First Century 00:07
In particular, the giant cash-rich tech firms
They just fly 35,000 feet above national concerns. - Capital in the Twenty First Century 00:06
They just fly 35,000 feet above national concerns.
They create far fewer jobs than big industrial companies - Capital in the Twenty First Century 00:08
They create far fewer jobs than big industrial companies
The great irony here is that everything that makes - Capital in the Twenty First Century 00:19
The great irony here is that everything that makes
Irish guys pay a fee to Google Netherlands Holding BV. - Capital in the Twenty First Century 00:06
Irish guys pay a fee to Google Netherlands Holding BV.
-That's correct. -Which is registered in Ireland - Capital in the Twenty First Century 00:05
-That's correct. -Which is registered in Ireland
-That's correct. -So if that happens, - Capital in the Twenty First Century 00:06
-That's correct. -So if that happens,
♪ All that money, the money is the motive ♪ - Capital in the Twenty First Century 00:22
♪ All that money, the money is the motive ♪
♪ All that money - Capital in the Twenty First Century 00:10
♪ All that money
♪ Girl put in work - Capital in the Twenty First Century 00:04
♪ Girl put in work
BREMMER: Globalization has opened a global community up - Capital in the Twenty First Century 00:16
BREMMER: Globalization has opened a global community up