The case for taxing wealth, argument by argument.
Economist Gary Stevenson argues that government and central bank responses to crises, particularly through printing money, disproportionately benefit the wealthy by inflating asset prices. He highlights how the pandemic response mirrored the 2008 financial crisis in exacerbating wealth inequality, rather than taxing the rich.
Featuring Clive Bull
Raised as a counter-argument to rebut. “often multinational companies aren't we international uh billionaires who if we come up with something they'll just move somewhere else”
“if you give money to ordinary people they're going to spend it that's going to go back into the economy that's going to drive wages up if you give it to the sup”
“just right now as we speak there's a internationally coordinated attempt driven by biden president of the u.s to bring in a minimum tax rate on corporations”
“if we don't do anything about inequality I think we will move to a future like that that the housing will be even less affordable”
“the government has increased its debt by 450 billion pounds during this crisis and 250 individuals have increased their wealth by 600 billion pounds”
“these people they've got the best tax accountants in the world working for them and they will try and dodge any taxes that we bring in”