Raises real revenue
A tax on the largest fortunes can fund public services without raising taxes on low- and middle-income households.
- 90 sources
- 12 people
The case for taxing wealth, argument by argument.
A tax on the largest fortunes can fund public services without raising taxes on low- and middle-income households.
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“um they have the capacity to um they have the capacity to bring money uh desperately needed money into the UK government coffers”
“the move towards wealth taxes and a focus on economy, and a move towards, um, aggressive focus on social media. And it has to be said, Zack Polanski has worked ”
“If all of the assets are owned by the rich, you can have a good state and a good country and a good economy and good living standards if you are willing to tax ”
“We have in the Labour Party a government that is phenomenally unpopular, looks very likely to lose the next election, is desperately in need of money and new id”
“If you don't tax the rich living standards will keep falling”
“So for me if the wealth tax was possible I'm at a stage in my politics where I would actually support it.”
“it's also about bringing back into the collective pool the resources necessary to build the foundations of the society that all of us bloody live in”
“the best economic strategy for you to pick is wealth taxes, is inequality, Because really, this is the simple question, is, "What the **** else is there?"”
“either you tax the rich, or you don't get the growth”
“I've been doing a lot of videos about explaining why we need wealth taxes, how can you convince your friends that we need wealth taxes. And obviously, really, t”
“In the absence of taxation of the rich, the middle class will inevitably be eaten next.”
“you only have two options do you tax the rich? Or do you tax the middle class? and I'm here campaigning for tax the rich but the truth is most governments at th”
“us, tax the rich. So if you are a us, tax the rich. So if you are a us, tax the rich, what are you right or tax the rich, what are you going to do? You are goin”
“We're trying to cut tax on working people. We're trying to raise tax on people who have 100 million, a billion in assets.”
“Now, if you do not get that wealth back, you have no choice but to shut the welfare state down.”
“the government is hemorrhaging wealth the middle class is hemorrhaging wealth and you you try to fix it without stopping that hemorrhaging of wealth”
If she wants to hit the top 10% of earners, bring that 45p threshold down to £70,000. That's going to raise 12 billion pounds roughly.
“in the 1960s and '70s, Britain was one of the most equal countries in the world, you know? People don't often realise it. The country was growing faster than wh”
Raised as a counter-argument to rebut. “they don't bring in that much revenue. What makes you think it would be different here?”
“start protecting your wealth you do that by taxing the rich”
“They understood that the only way to protect working people was to tax work less and wealth more.”
“The only way to stop that tax the super rich, lower tax on ordinary people.”
“The only way to defend your resources once you've given them away is to work on your taxation policy. And we should be in a situation now where we don't need to”
“Increasingly, what is clear is we live in an economy where more and more and more is being owned by the rich. So you are left with basically a choice. Either yo”
“if you give 600 billion pound to the rich and you don't want to see effect you have to find ways to take that money back”
“when I talk about taxing the rich, people think that it's mainly about revenue raising. This is true. It's true.”
“The wealth is here. It is the wealth of our countries. But if we allow it to be held by a small group of extremely wealthy families who pretend they live in the”
“we're going to make the Rich pay first level of taxes and we're going to use level of taxes and we're going to use level of taxes and we're going to use that mo”
“The only way to stop the increasing inequality is to significantly increase taxes on the rich, so that we can cut tax on ordinary people.”
“And the only way to do that is to tax the rich. And I know I say it millions of times, and I'll say it millions of times more, because until we do that, our soc”
“The only way to make things better is to tax the rich more, tax ordinary working people less. That way we can get wealth flowing in the other direction.”
“This amount of money would be enough to give £16,000 to every adult in the country.”
“The reason that governments are having to charge much higher levels of tax to provide much worse levels of service is quite simply because governments are much,”
“one alternative to this would be to tax very rich people who are seeing the biggest and fastest ever increases in their wealth in history, tax them more to pay ”
“tax is the only way you regular working person in your country can protect yourself from this super rich”
“the only way to stop that from happening is significantly increased taxation of the rich it's as simple as that”
“If the government goes £700 billion into debt and you don't get £14,000, it's effectively the same as the government taking £14,000 from you and giving it to th”
“if we took that money back we could fix if we took that money back we could fix these problems these problems these problems who has the money now”
“the only way to fix that is the pump wealth back in the other direction and um we've called to it many times on this channel we need high tax on rich people It'”
“if you don't tax the rich who've made a ton of money then you're going to end up taxing ordinary working people are increasingly being squeezed”
“if we took that back you would see a collapse in inflation a massive collapses these people desperately tried to raise that cash right”
“If we were to tax back the rich just enough to make them as rich as they were 3 years ago we would have enough to give every single adult in this entire country”
“we are draining the resources of this economy and giving it to the super rich who do not pay any tax”
“if we took that money back we could fix these problems”
“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 ”
“if we were to tax the rich just enough to make them as rich as they were at the beginning of covid we could give every single adult in the country twelve thousa”
“why don't we tax them?' because the reality of the situation here is that £600,000,000,000 which has been lost by the government is exactly pound for pound offs”
“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 ”
“after the World War II you saw a big increase in tax rates on the very reach not just in the UK but really globally”
“if we were to tax the rich just to bring them as rich as they were before covert weekly deep every single adult in the country 12 000 pounds we could easily fix”
“if we were to tax that back we could give it to you we could cut your taxes we could improve a living stance for ordinary people we wouldn't have to cut Public ”
“so how are you going to pay it back to pay it back”
“if you were to tax the wealthy know if you were to tax the wealthy enough now to make them as rich as they enough now to make them as rich as they were before c”
“if you're not going to tax the rich people who have all the world you're not going to be able to to pay the debt back”
“if you were to tax the entire wealthy class enough to make them as rich as they were before covert started you could give every single adult in the entire count”
“if we were to tax that back and just make the rich as rich as they were before Covid we could give every single adult in this country £13,000 and this crisis wo”
“this could be paid for almost entirely just by taxing 1 year of excess profits of just 250 individuals in the country”
“depriving those governments of their ability to raise taxes the correct amount of Revenue to invest in public services”
“450 billion pounds got given to the rich in the last three years from the government an enormous enormous amount of money”
“of course we can tax them and that raises course we can tax them and that raises course we can tax them and that raises the question well why don't we then”
“depriving those governments of their ability to raise taxes the the correct amount of Revenue to invest in public services”
“the government gave out 450 billion pounds to the rich unbelievably huge amount of money - £10,000 per person so the average rich person is getting like a £100,”
“the obvious way to deal with that is to the obvious way to deal with that is to tax this enormous amount of money tax this enormous amount of money”
“the government essentially gave out £450 billion pounds of cash during Covid which is a truly truly enormous amount of money”
“the consequence of economic collapse and the consequence of economic crisis is repeatedly a massive increase in stock and asset prices and who owns stocks and w”
“in the last two years the government printed £450 billion pounds an unbelievably huge amount of money and effectively transferred that money to the richest”
“raise tax on the super rich that's not going to happen right”
“in the united states for example taxing some of the wealthiest americans in order to help pay for things that the government is currently not paying for”
“three you tax the rich which 100 is what i'm advocating for”
“we are not taxing the super rich we are taxing them at super low rates so we're sucking the wealth and the income out of this country and we're giving it to thi”
“the only way we save ordinary families like the people listening to this now is by getting that money back from the super rich”
“one off idea of having a wealth tax was it was the equivalent of putting 9p on the basic rate of income tax so the the difference that would make”
“there has never been more money in the bank accounts of the rich and the super rich”
“understand that we can't fix it unless we get that money back”
“if we tax that wealth back we can afford all the things that we as a society need if we don't tax it back then number one we can't afford those things and numbe”
“the only way that people as a whole are going to improve their lives is basically by bringing changes to the tax system and making the wealthy people pay higher”
“that money could be used to improve education to improve health care or to reduce the rates of tax currently being paid by you and hard-working families”
“106 billion pounds made by billionaires in this country just during cover the biggest ever one-year increase in wealth that's a lot of money if we use that mone”
“they wanted to raise an extra 10 billion pounds a year and they've done that by raising raising your taxes but if you look at just three individual families in ”
“the top 250 individuals most rich individuals in this country made 106 billion pounds last year”
“the national insurance rise is supposed to national insurance rise is supposed to raise 10 billion pounds a year so this tax which has been risen from ordinary ”
“when the government needs money to pay for social care 10 billion a year rather than looking to taxing the billionaires”
“the government apparently needs an extra 10 billion pounds a year to pay for social care”
“anything becomes affordable so it drives me mad”
“the government has increased its debt by 450 billion pounds during this crisis and 250 individuals have increased their wealth by 600 billion pounds”
“if you increase uh income tax for instance then it can lead to lower revenues for the treasury”
“would raise 260 billion pounds over five years”
“what i'm pushing for at the moment is a wealth tax on very wealthy individuals”