The case for taxing wealth, argument by argument.
Gary Stevenson, an inequality economist, argues that the National Living Wage rise is insufficient given soaring living costs and cuts to Universal Credit. He advocates for shifting the tax burden from ordinary workers, who face increased National Insurance contributions, to billionaires whose wealth significantly grew during the pandemic.
Featuring Richard Spurr
Mentions Rishi Sunak
Raised as a counter-argument to rebut. “some of them put a lot of money into paying economists and think tanks to tell you that inequality is important for the economy is important for the economy tha”
“we need to um we need to um we need to um rethink the raising of national rethink the raising of national rethink the raising of national insurance and ordinary”
“if we don't find a way to tax the billionaires it's going to be a very difficult it's going to be a very difficult economy for the rest of us”
“the national insurance rise is supposed to national insurance rise is supposed to raise 10 billion pounds a year so this tax which has been risen from ordinary ”
“when we look at what's happening to costs for ordinary people happening to costs for ordinary people happening to costs for ordinary people increases in increas”