Paul Tudor Jones: Taxes, Revolution or War
on Wednesday, October 14, 2015Paul Tudor Jones Money Quotation saying history has demonstrated that wealth inequality is resolved either by popular revolt, war or increasing taxes on the rich. Paul Tudor Jones said:
“This kind of gap between the wealthiest and the poorest will get closed. History shows it usually ends in one of three ways — either higher taxes, revolution, or war. None of those are on my bucket list” — Paul Tudor Jones
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In this quote, Paul Tudor Jones is referring to the growing gap between the extremely wealthy elite and the rest of society. The best interpretation is that he believes large disparities in wealth concentration have not been sustainable long-term throughout history.
Jones suggests that such inequality will inevitably be “closed” through one of three outcomes – higher taxes on the wealthy to redistribute resources, a popular revolution by the lower/middle classes, or a war that disrupts the existing social order.
His message implies that if the gap is not addressed through fair fiscal policies, it risks sparking civil unrest or conflict down the road. By stating that none of these options are on his “bucket list,” Jones appears to be advocating for preemptively reducing inequality through taxation or other means, to avoid more disruptive scenarios that jeopardize social cohesion and stability.