Trillionaires' Wealth: How to Redesign Economy and Tax System?

Elon Musk's record-breaking SpaceX IPO has made him the world's first trillionaire, raising questions about the modern economy's ability to reward rapidly appreciating assets and the limits of a tax system designed over a century ago. Nobel laureate Paul Krugman and Yale economist Natasha Sarin argue this milestone reflects how today's economy rewards ownership of high-growth assets, exposing the tax system's outdated structure. Bloomberg wealth reporter Ben Steverman notes while America has seen comparable fortunes before, the concentration of wealth in today's tech sector reignites debates on taxation, political influence, and inequality. The implications for global supply chains and commodity markets could reshape future inflation dynamics.