The case for taxing wealth, argument by argument.
Gary Stevenson, a former City trader and member of Patriotic Millionaires UK, discusses their petition urging Rishi Sunak to implement a wealth tax. He argues that post-COVID inequality has exploded, with billionaires' wealth increasing while the government burdens low-paid workers with national insurance hikes instead of taxing the super-rich.
Featuring Mariella Frostrup
Mentions Rishi Sunak
Raised as a counter-argument to rebut. “The last time that that tax rates went up for the super rich they deserted the country in their in their droves didn't they”
“the most important thing is that it's not evaded by the very very rich”
“if we do that it's going to crush the economy as well in the longer term”
“when the billionaires have made so much money during a crisis when the country needs money instead of going to billionaires we go to ordinary sometimes low-paid”
“we wouldn't fix inequality so i've been very interested in this for a long time”
“when the government needs money to pay for social care 10 billion a year rather than looking to taxing the billionaires”