The case for taxing wealth, argument by argument.
This video continues a discussion on wealth inequality, focusing on quantitative easing. An ex-trader explains what quantitative easing means, its implications for individuals, and how it relates to the broader issue of wealth disparity, building on a previous episode.
Mentions Jeff Bezos
“richer families they maybe know how to avoid inheritance tax which is many ways to legally avoid it and richer families often do avoid it”
“if you allow the rich to own everything then the rest of us who are not rich will never be able to get anything”
“jeff bezos's kids will be trillionaires for a thousand years and that's owning the land that we need the properties that we need”
“if the rich are accumulating massive amounts of wealth that means we have to pay them more every year and it's us all the new people that drive the economy”
“tax wealth not work which is if we tax the rich more what that would enable us to do is to reduce your income tax or to reduce your vat”
“ordinary families are losing their houses that is the long-term picture here and that is increasing inequality”
“if we don't reduce it things are not going to get better that means things are going to make worse for ordinary people”