The case for taxing wealth, argument by argument.
This video discusses a letter from "Millionaires For Humanity" urging governments to implement wealth taxes to fund coronavirus recovery. Economist Gary Stevenson, one of the signatories, explains the initiative's origins and argues that a wealth tax is crucial to address post-pandemic inequality and stimulate economic spending, as ordinary workers will struggle while the wealthy accumulate more.
Featuring Ian Payne
Raised as a counter-argument to rebut. “as I remember in the 70s you know people moving overseas because here they were being taxed I mean I think heath was taxing people over 90 percent who earned as”
“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”
“there's going to be a lot of inequality resulting from coronavirus and the best way to fix it will be a wealth tax”
“we need to start looking at ways to tax wealth rather than just income because at the moment we have a situation where the richest in society are able to pay ve”
“if the ordinary workers are struggling and I think we're going to see that definitely going forward this furlough scheme ends this month in terms of the first t”
“the current tax system is not really set up to tax very well this non-work income”