The case for taxing wealth, argument by argument.
A former Citibank trader explains how quantitative easing disproportionately benefited the wealthy, leading to economic stagnation and inequality. He argues that a wealth tax, by redistributing money to ordinary people, would stimulate the economy, create jobs, and improve living standards, drawing parallels to Britain's post-war boom.
“if we don't do anything about wealth inequality the economy doesn't get better, housing doesn't become more affordable, wages don't go up, well paid jobs don't ”
“at the moment we have a tax system which is very efficient at taxing ordinary working people but very inefficient attacks in the super rich often they end up pa”
“if we actually start reducing wealth inequality rather than letting it continue to grow we can put that cycle into reverse we can make the money go to ordinary ”
“that money could be used to improve education to improve health care or to reduce the rates of tax currently being paid by you and hard-working families”