The case for taxing wealth, argument by argument.
Public spending is already excessive, so any fiscal gap should be closed by cutting spending rather than by raising taxes — including a wealth tax.
You're making the "Government spending is too high" argument against a wealth tax. Even granting that spending is too high, decades of austerity have not stopped living standards and incomes from falling — and as wages drop and asset prices rise, spending has to rise just to keep people out of hardship. Spending only falls durably by reducing the need for support: enabling home ownership, affordable essentials, secure families and debt-free education. That's an investment, and a wealth tax on the largest fortunes is how you fund it without squeezing the people already struggling. Learn more: https://wealthtax.now/arguments/government-spending-too-high/
You're making the "Government spending is too high" argument against a wealth tax. Austerity hasn't stopped living standards falling — and that pushes spending up. You cut the bill by investing so people need less support. https://wealthtax.now/arguments/government-spending-too-high/
Median real household income rose just 6% from 2009–10 to 2022–23 — about a fifth of the ~30% growth the prior half-century's trend would have delivered — and average real pay in 2023–24 was only 3.5% above its 2009–10 level, marking the worst period for income growth in generations.
UK real disposable income growth collapsed from 2.6% a year (1955–2007) to just 0.6% since the 2008 financial crisis, leaving households nearly £2,000 a year poorer than the pre-crisis trend implies; the poorest UK regions are now poorer than the poorest parts of Slovenia and Malta, and weak productivity is costing UK workers £4,300 a year.
Raised as a counter-argument to rebut. “the real problem is a spending problem. And he uses this term which he uses I think he uses it seven times in the whole interview which is skills.”
Argues the answer to America's affordability gap is a lighter tax burden, not new taxes such as New York's proposed pied-à-terre tax on property.
“Basically, governments will be incentivized to keep the price of energy down. And this is a really bad policy.”
Raised as a counter-argument to rebut. “don't give money to the government if you give money to the government they'll waste it governments have been basically rapidly shut down in every country in th”
“Why is Labour choosing to do austerity 2.0? What are the reasons driving basically the need for, for Labour to do this? Why are they being forced to do this?”
“He will significantly reduce taxes on rich people, and he will fund that probably by slashing government spending in some cases, which will often cause a lot pe”
Raised as a counter-argument to rebut. “But fundamentally their economic beliefs are small state, cuts, and like you look at Rupert Lowe, he talks about, we need to shrink the state and they're sort o”
Raised as a counter-argument to rebut. “maybe the problem is the interest rate is too high or government spending is too low, or government taxation is too high. You know, you're going to focus on the”
“If the government is forced to do something very quickly, it's very unlikely that they have done the preparation for a wide variety of tax rises. They will prob”
“if we give everybody money we have not increased the amount of actual resources and assets we have in our society okay so you don't make Society richer by givin”
Raised as a counter-argument to rebut. “All of that money is going to go to government. Government is full of corrupt idiots. They're going to steal my money. They're going to waste my money. It's a w”
“basically every major government in the basically every major government in the basically every major government in the world is effectively bankrupt”
Raised as a counter-argument to rebut. “is basically that government is corrupt. Government is corrupt, so we’re paying loads of taxes. Government p*sses the taxes up the wall. You know, let's get rid”
“all of the people who are taking your tax money to run the economy are not trying to be right & um that is why they keep getting it wrong”
Raised as a counter-argument to rebut. “government spent a lot of money so then this is kind of perceptional the government spent a lot of money we've run out of firewood we all need to be poor now th”
“I'm a low tax small state conservative and I want to see tax cuts”
“the government comes Under Pressure to spend more and we need to remember that the”
“I don't think anyone's going to be surprised here I'm not a fan of Richardson the current conservative government but really at the moment I have very little fa”
“they'll pay for more tax accountants to get out of the taxes they do have to pay that means no money for public services the NHS will be dismantled education wi”
Raised as a counter-argument to rebut. “that money that 450 billion pounds given that in covert who's got it now”
“but there comes to a point where you've but there comes to a point where you've cut everything you know the welfare cut everything you know the welfare cut ever”
“the main cause for the inflation that we're seeing now and have been seeing for about a year now is the huge amount of money that was given out by the governmen”
“it looks like they've moved basically to a new version of austerity which means cutting budgets for public services education Healthcare local Services police n”
“you cannot run massive deficits permanently”
Raised as a counter-argument to rebut. “we've been told for years and years that deficits are at these awful things and you can never ever run a deficit and you've got appeared back which is I think e”
“but the government rather than trying to but the government rather than trying to but the government rather than trying to manage a reduction in usage of energy”
“the plan is to cap energy bills such that the average household would pay £2,500 a year and that is going to cost the government it looks like about £150,000,00”
“if i was to come to you three years ago if i was to come to you three years ago before covered and say imagine the before covered and say imagine the before cov”
“you give £450 billion to the rich and then you say we're going to help with five billion pounds it's not it's not going to it's not going to help right”
“governments and central banks have together printed and injected into the economy an enormous amount of new money so in this country in the uk it's about 10 000”
Raised as a counter-argument to rebut. “the reason the market is doing what he's doing is people are sitting at home getting the checks from the government okay and this fair share is a concept concep”
“the fact is you know governments have printed lots of money that's how they've dealt with this crisis and that means there's a lot of money spilling about in th”