How the explosion of the ultra-wealthy risks democracy | ABC NEWS

Can democracy survive the existence of trillionaires?

French economist Gabriel Zucman, one of the world's foremost experts on wealth taxation, has raised that question.

He said anyone celebrating Elon Musk's $US1 trillion fortune needed to understand the fundamental tension between extreme wealth and the very possibility of democracy.

Reporting by Gareth Hutchens.

Video by Kate Ryan.

Note: In most cases, our captions are auto-generated.

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