The case for taxing wealth, argument by argument.
This video argues that increased government debt, often cited for public service cuts, directly corresponds to a massive rise in wealthy individuals' assets, particularly since Covid-19. It proposes taxing this accumulated wealth to fund essential services, rather than imposing cuts or raising taxes on ordinary citizens.
“we have a tax system which is very efficient attacking ordinary working people but very inefficient attacks in the super rich”
“the chancellor who is a billionaire cutting tax on billionaires raising tax on ordinary people making billionaire wealth increase by more than it's ever increas”
“if we tax that wealth back we can afford all the things that we as a society need if we don't tax it back then number one we can't afford those things and numbe”