The case for taxing wealth, argument by argument.
This video discusses Bitcoin's meteoric rise, questioning its classification as a currency versus a speculative investment. Economist Gary Stevenson explains how cryptocurrencies operate outside traditional banking, but argues their limited real-world utility means they function primarily as speculative assets, not a viable future for most transactions.
Featuring Dermot Murnaghan
“I think most people buying these cryptocurrencies including bitcoin especially in the last year have been doing it largely rather than with the intention of usi”
“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”
“one of the most obvious problems is that we keep seeing house prices go up and up stock prices go up and up and that causes big increases inequality”