The case for taxing wealth, argument by argument.
This video critiques the UK's Mini-Budget, arguing that massive tax cuts for the wealthy exacerbate inequality and will lead to a significant decline in living standards for ordinary people, despite small tax cuts for some. The speaker shares their personal, conflicted experience witnessing these policies, connecting them to their past predictions of economic disaster driven by rising inequality.
Mentions Rishi Sunak, Liz Truss
“they're going to use that money to buy your mom's houses and they're going to give that money to their kids so that when your kids go with their 50-60 grand dep”
“these families don't often don't have the money to pay those trebled mortgage rates so you know they have to sell their homes you know”
“if we want to make things better all we have to do is be serious about measuring the distribution and inequality of wealth um be serious about how can we reduce”
“the fall in living standards is is connected to and ultimately caused by the increasing inequality and understanding that when inequality increases that hurts o”