The case for taxing wealth, argument by argument.
High tax bills and the rising cost of living already force the middle and lower classes to sell the few assets they own to raise liquidity when in debt; the burden of forced sales falls hardest on those with least, not the wealthy.
“We are building an economy here where the only way to have a fucking house is to have a rich dad and where ordinary people are going into hundreds of thousands ”
“Working families have lost their assets. Governments have lost their assets. The middle class is losing its assets. This is a clear trend. If you do not reverse”
“More and more and more young people growing up in poverty. But even aside from that, we've got people with jobs in London who are homeless. So that means if you”
“If all of the assets are owned by the rich and the rich never sell their assets, then working people will never get assets.”
“What they are doing is they're using it to squeeze the weakest hands, which is the historical working class, out of ownership of assets, out of ownership of pro”
“the only way to get a basic, just the basics of living is to sell, sell your house. And the most obvious example of this is when you look at equity releases sch”
“If you want working people to be able to afford assets like housing, it is essential that the current owners of assets at some point sell their assets.”
“my grandparents, all of them own their own property, and they've all passed away now, and none of them were able to pass significant amounts of equity down beca”
“Now, what is interesting about this is this this economic action, the increase of house prices, it really bankrupts families over time because each generation f”
“this is not society getting richer, this is society getting poorer. Living standards for the masses all getting worse and will continue to get worse. That is a ”
“as the richer get richer and richer and richer more and more of the middle class start to drop away as they sell their assets to the rich”
“ordinary families will sell their assets to support themselves which means they get poorer still which means wealth inequality inequality gets bigger still”
“maybe you own property and you're thinking you know I wanted to give my property to my kids but now I'm going to sell it to support my retirement because the co”
“keep Ordinary People owning homes when you're simultaneously sucking their wealth away the only way to do that is to really increase the size of their debt”
“it becoming increasingly impossible for people from ordinary families to get property”
“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”
“how are they going to buy a house when houses cost 600 000 pounds you know what i mean are they all going to live in i mean are they all going to live in your h”
“if we don't tax the rich they will get your house in the end you know they will get your house in the end and they'll push the price up and up and up and up and”
“if rich people accumulate huge amounts of cash they use that to buy assets and indirectly force ordinary people into debt in order to do simple things like buy ”
“so like we live in a world where even if you do everything right this guy went to the top fashion union in the country you know even if you do everything right ”
“ordinary families are losing their houses that is the long-term picture here and that is increasing inequality”
“poorer families will be forced to lose almost all their assets including their home”
“poorer families will be forced to lose almost all of their assets... including their home”
“if your family is poor now if your family doesn't have a house now your family will never have a house and if house prices double again what does that mean it b”
“at the moment there's a situation where people have to sell their homes to pay for their elderly care people don't like this the government wants to change it”
“a huge number of families in this country are going to have no way to access secure housing in the future”
“if the rich are getting more and more income and they're using it to buy our wealth well thats means next year the rich are gonna get even more income from us w”
“it is going to cause a crisis in home affordability and inequality so really the problem we're going to have coming out of this is how do we deal with that mass”
“if house prices double again... what does that mean for families that don't own housing now it basically means they will never ever own housing”