Hello and welcome to Business Daily from the BBC. I'm Manuel Zaragoza. Coming up in this edition,

should the rich be taxed more? It's the big question of the moment amid growing concern over inequality everywhere.

We'll hear from both sides of the argument here in Business Daily from the BBC.

The Dutch historian Rutger Brechmann, author of the book Utopia for Realists, thinks the rich have it easy when it comes to taxation.

He said as much a couple of weeks ago at the World Economic Forum in Davos, and a recording of his comments went viral on social media

with millions of views across the world. Here's a reminder of what he said.

I mean, this is not rocket science. I mean, we can talk for a very long time about all these

stupid philanthropy schemes. We can invite Bono once more. Come on, it's, we got to be talking about

Texas. That's it. Texas, Texas, Texas. All the rest is in my opinion.

Thank you.

Why did Ritchh Brechmann's comments strike such a chord? Well, one of the reasons maybe that taxation is a big issue in the U.S. at the moment.

Candidates for the Democratic presidential nomination there

are in an apparent contest to determine who wants to tax the rich the most. There have been proposals

for estate taxes to double the top income tax rate to roll back the tax changes President Trump

has made. And the US Senator Elizabeth Warren, who has now formally

launched her bid to stand for the White House in 2020, wants to tackle inequality through

a wealth tax. She told the American News Network MSNBC how it would work.

So the way that this is written is to say, first of all, going to tax all your assets wherever

located around the globe.

So if you were planning to move them to Switzerland or some island, it doesn't make any

difference.

They are all going to be taxed.

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