video UK · 21 May 2021

Why are BILLIONAIRES growing MORE wealth? Gary on LBC News with Martin Stanford

This video discusses how the UK's wealthiest individuals significantly increased their fortunes during the pandemic, attributing this to government money printing that disproportionately benefited asset owners. It argues that unlike past crises where the rich were taxed, this time government policy led to an explosion in wealth for the already affluent, exacerbating inequality.

By Gary Stevenson

Featuring Martin Stanford

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Arguments in this video

Easy to avoid Gary Stevenson · 03:39
“the big problem is the rich have got the best accountants and they will try and dodge the taxes”
Discourages saving and enterprise Gary Stevenson · 03:05
“if we let the rich accumulate huge amounts of money the rich don't spend money on ordinary things it doesn't drive wages they invest money they buy assets stock”
Curbs extreme inequality Gary Stevenson · 03:58
“if we don't find a way to tax the riches it's going to be disaster for the rest of us”