""I think capitalism is a great system that probably has, you know, enriched the lives of billions of people," he told Fortune over Zoom from his office in Berkeley, where he teaches courses on tax and nonprofit law. "But I'm not sure that our system is a functioning capitalist system right now.""
""I'm interested in how things work," Galle added, "and right now, it [capitalism] doesn't seem to be working well." Speaking to Fortune about his forthcoming new book, How to Tax The Ultrarich, Galle said one of its central arguments is that domination by a small number of families leads to "bad economies" that grow more slowly and often have crippling inflation and stagnation."
"Galle has extensive experience in wealth tax legislation, having previously been involved with a wealth tax bill from Sen. Elizabeth Warren when she was a serious candidate for president, and filing an amicus brief with the Supreme Court in 2024 that was cited by Justice Ketanji Brown Jackson. He said this should give you an idea of where his beliefs lie on the political spectrum: "the fact that she was citing it probably tells you what these six Republicans would think about my argument.""
Brian Galle describes himself as an enthusiastic capitalist who believes capitalism has enriched billions of lives but doubts the current system functions as genuine capitalism. He studies how economic structures operate and argues that domination by a small number of families produces "bad economies" that grow more slowly and face crippling inflation and stagnation. He helped draft California's wealth tax bill introduced by Assemblymember Alex Lee to address the state's budget deficit and believes that version has a significant chance of passing. He previously worked on a Warren wealth tax bill and filed a Supreme Court amicus brief cited by Justice Ketanji Brown Jackson.
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