The case for taxing wealth, argument by argument.
This video features a panel discussing the UK's "Levelling Up" agenda and the potential for a wealth tax, with a former City trader arguing for millionaires to contribute more to the economy. It also touches on workplace discrimination, specifically ageism, within the financial sector.
Mentions Boris Johnson, Christine Lagarde
Raised as a counter-argument to rebut. “is that because they can afford to move their money elsewhere is it because they can afford to leave the country”
“this is let's not forget money that has been taxed on acquisition that you are then looking at taxing further”
“you should equate capital gains with income tax there's no reason why the wealthy Pay Less on that on that rate”
“I'm a low tax small state conservative and I want to see tax cuts”
Raised as a counter-argument to rebut. “he doesn't want regulation and high taxes in order to create jobs and pay those people well”
“if you do nothing about growing inequality if you don't do anything about growing inequality poverty will get worse and worse and worse”
Raised as a counter-argument to rebut. “all of the downsides to wealth taxes the fact that they're almost everywhere that they've been tried they've specifically”
“you need to bring in something that will transfer that wealth back if you do not if you're willing to give 700 billion pounds to riches and do nothing to bring ”