The case for taxing wealth, argument by argument.
This video argues against taxing asset-rich but income-poor individuals, like elderly homeowners, for a wealth tax. Instead, it advocates for targeting those with £100 million or more, asserting that failing to tax this extremely wealthy class will lead to them owning everything, displacing ordinary families.
“we have this extremely wealthy class generating an enormous amount of income from the people of this country and using that income to buy the rest of the assets”
Raised as a counter-argument to rebut. “what about people who are asset rich but income poor so like some old lady he's been living in a house that's suddenly been living in a house that's suddenly in”
“this is not about taxing people with one million pounds okay this is about taxing people with 100 million pounds”