The case for taxing wealth, argument by argument.
The same logic cuts the other way: workers and the middle class pay higher effective taxes and own few assets to borrow against, so leaving wealth untaxed starves the saving and enterprise of everyone below the top.
“once you stop taxing rich people at high rates which we did in the 80s they start to generate an enormous amount of income they start to buy up the assets they ”
“falling living standards are linked to rapidly growing wealth inequality. Our political leaders are not doing anything about growing wealth inequality, which me”
“If you have the wealth of the interest. If you have the wealth of the rich growing at 5% in an economy that's rich growing at 5% in an economy that's rich growi”
“if you come from a poor background, it is very, very difficult to even be able to buy a home and afford a family.”
Raised as a counter-argument to rebut. “I'm sick of multi-millionaires telling kids who can't afford to turn the heating on you just need to be more entrepreneurial it's sick Dan it's sick”
“The rapid compound interest growth of the very rich is driving your family out of the ability to own assets. That means in the long run, not just your kids and ”
“The vast majority of people just said, well, I don't spend any money because I don't have any more money. Most people were basically, you know, money in, money ”
“The rich owning a shit ton is itself a problem. Because if the rich owned a s**t ton of stocks and shares as opposed to ordinary families, they generate s**t on”
“It's very shortsighted to think that you are winning when house prices go up just because you are keeping your house, when everyone around you, your class, peop”
“permanent Financial insecurity Financial insecurity for their kids and for their grandkids these will be if they kids grandkids these will be if they kids these”
“So you get this kind of crystallisation of the class system, it becomes impossible to work your way up.”
“What that means is you're losing a wealth, government's losing a wealth, and you are losing your passive income, and you end up in kind of this situation of the”
“the game is is being rigged such that you and and the middle classes are basically being Rob blind”
“websites like this are taking advantage of a situation where it's increasingly very very difficult for ordinary people to make any decent money or even to get F”
“you are competing with these people who don't have to pay mortgages which will make it much more difficult for ordinary people to buy houses”
“we've developed a system where we basically funnel kids from rich families into private schools and elite jobs without ever really stopping to ask are these guy”
“if you if you guarantee that all of the assets belonging to the rich will stay belonging to the those people's kids you also guarantee that young people from po”
“continually driving down wages and making the working class in this country poorer year on year on year while the rich get richer and dividends are accelerated ”
“you have to do unpaid internships only rich people can afford these jobs so we end up with media full of rich idiots government full of rich idiots universities”
“you make 30 grand a year you give all of it to the rich people so you have nothing to save they make 6 million pounds a year it's obvious they're going to accum”
“what happens to an economy where all the money flows to the richest and nothing is left for the rest well i'll tell you what happens that economy dies”
“doing the sensible thing doesn't work you know but who else made money after 2008 in the last 20 years people who like wildly over leveraged and bought like 25 ”
“I know we've created a country here where ordinary hard-working young men and women can work every hour of the week and save up every penny and still not even b”
“these kind of artistic creative jobs are basically not options for people from poor backgrounds”
“I don't think it's a coincidence that now we've stopped taxing wealth and we've moved to a situation where the rich are getting richer and richer and richer the”
“if you allow the rich to own everything then the rest of us who are not rich will never be able to get anything”
“if you do have a lot of money sitting in cash maybe you're saving up a deposit to buy a house or something um if you can get that house soon get it because you'”
“these newspapers give a misleading idea that if you just worked a little harder you just saved a little more you can get a property but the reality if you look ”
“the truth is the way things are set up right now it's not a reliable way out and um everything you do every way you try to make money by for example you know be”
“if you're allowing these billionaires to have 12 billion pounds pay no tax keep all the income from it pay no tax you can't be surprised that when you or your k”
“if you're from a poorer background nowadays you need everything you need to work hard for sure you need to be smart for sure but the fact is you need a bit of l”
“falling apart and wages are stagnant and asset prices are exploding and you think well that's where the action is that's for a lot of people that's the only way”
“if you give money to ordinary people they're going to spend it that's going to go back into the economy that's going to drive wages up if you give it to the sup”
“I was doing everything I could I was working a paper round and I was 15. what else could I do? you know what I mean? waking up 6:45 every day for £12 a week”
“no matter how hard I work am I ever going to get a house you know and I felt like that when I was a kid”
“you've grown up and you've seen how hard some people are working some people are working some people are working to make so little one to struggle and to make s”
“stock prices go up even though wages never seem to go up so ordinary people they want to get involved in this more and more people”
“we've reached a situation where work doesn't work you know my background is i come from quite a poor background but i made a lot of money in the city essentiall”
“this mad situation where ordinary people are sitting at home are sitting at home are sitting at home they can't even work a job you know they can't even work a ”
“if you create a world where work doesn't work and wild gambling seems to be able to make you money and it only seems to go to rich people to rich people of cour”
“people have realized that even just to achieve your basic goals it's not working work isn't working so they've tried to get together and they've tried to rebala”
“work isn't working for me I'm not making any money and the super rich are just getting super rich on the stock markets and they want to get involved”
“if confidence is low the chances are that money is going to be saved it's going to be put into assets like housing like stocks”