The case for taxing wealth, argument by argument.
Cites figures showing income inequality is flat or falling to argue a wealth tax is unnecessary — conflating income inequality with the wealth inequality a wealth tax actually targets.
You're making the "Statistics show no income inequality" argument against a wealth tax — but you're measuring the wrong thing. Income inequality and wealth inequality are different: stable income figures say nothing about the concentration of accumulated assets, which is what a wealth tax targets. The ONS finds the wealthiest 10% of households hold 41% of all wealth and the wealthiest half hold 91% — wealth is far more concentrated than income. Flat income stats don't make that go away. Learn more: https://wealthtax.now/arguments/no-income-inequality/
You're making the "Statistics show no income inequality" argument against a wealth tax. Income isn't wealth — stable income figures say nothing about asset concentration. The ONS finds the top 10% hold 41% of all wealth. https://wealthtax.now/arguments/no-income-inequality/
Raised as a counter-argument to rebut. “There's a there's an article in Fox Business uh saying AI is going to drive substantially reduce wage inequality and drive up wages for lowwage workers.”
“So you think it's gonna lead to higher inequality? Yeah, exactly, yeah.”
Raised as a counter-argument to rebut. “one of the big simplifications is that there is no inequality in the model. In fact, it's more than just that there is no inequality in the model. There is only”
Raised as a counter-argument to rebut. “these models these models these models is that the vast vast majority of the is that the vast vast majority of the is that the vast vast majority of the models ”
“however since the early 1990s we haven't seen an increase in income inequality so that's quite a misleading narrative that is pushed into the public domain and ”