The case for taxing wealth, argument by argument.
Economist Gary Stevenson argues for a wealth tax to tackle UK inequality, claiming government "levelling up" plans are insufficient. He contends that economic crises, like 2008 and the pandemic, disproportionately enrich the wealthy while ordinary people suffer, leading to a weak economy. He explains how government stimulus during Covid further concentrated wealth among billionaires.
Featuring Rachel Burden
Raised as a counter-argument to rebut. “the laffer curve which basically says that the higher you tax people there is a point at which you then start to accrue less or fewer tax receipts you don't get”
“I don't think it's a coincidence that now we've stopped taxing wealth and we've moved to a situation where the rich are getting richer and richer and richer the”
“At the moment we have a tax system which is very very effective at taxing ordinary working people... but very wealthy people who get their income from wealth ra”
“The first thing to do is to make clear the difference between wealth and income right I come from an ordinary family I know that for most ordinary families mone”
Raised as a counter-argument to rebut. “how do you pay a tax on a house if you're not selling it”
“I know that if we don't deal with inequality which again is exploding now we'll have a very weak economy for a long long time”