video UK · 17 July 2022

Can We Tax The Rich?

This video argues that taxing the rich is feasible, countering the common belief that they would simply leave. It explains that the wealthy derive their richness from owning assets like property and land, which remain in the country even if the individual departs. Therefore, governments can still tax these assets, as demonstrated by sanctions on Russian oligarchs.

By Gary Stevenson

Mentions David Cameron, Tony Blair

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Arguments in this video

Capital flight Gary Stevenson · 00:17
Raised as a counter-argument to rebut. “is okay you want to tax rich people well if you tax them they're just going to leave okay so um this is relatively easy to deal with”
Migration response is small Gary Stevenson · 02:54
“if the rich people leave and the reason they're rich is because they own all of our assets well the assets are still here and we can still choose to tax those a”