The case for taxing wealth, argument by argument.
This video explains how wealth inequality affects the economy by comparing a wealth-equal and wealth-unequal society. It argues that in an unequal economy, low consumer demand from the wealthy, combined with a large, desperate workforce and advanced technology, leads to low wages and underinvestment, despite the rich accumulating vast savings.
Mentions Rishi Sunak
“when we talk about wealth we're not talking about jobs or incomes we're talking about who owns the physical resources um of our country and of our economy”
“governments can't raise much tax from Ordinary People but often also don't raise tax from the rich for a variety of reasons the rich or newspapers on lobbyists ”
“in a broadly equal economy what that would mean is most people would have some decent ownership of assets so most people would for example own their own home”