The case for taxing wealth, argument by argument.
Former Citibank interest-rate trader turned inequality campaigner and author of "The Trading Game". Runs the Garys Economics channel, arguing that growing wealth inequality is destabilising the economy and that a wealth tax is needed.
“when they brought in the second home stamp duty, an extra three percent for second home buyers — perfectly reasonable tax”
“the top inheritance tax rate at the time was 90% during that period up until the 80s”
Raised as a counter-argument to rebut. “as I remember in the 70s you know people moving overseas because here they were being taxed I mean I think heath was taxing people over 90 percent who earned as”
“whenever uh you know extremely high rates of tax have been introduced then an awful lot of the super rich whether we like it or not have have moved to other tax”
Raised as a counter-argument to rebut. “often multinational companies aren't we international uh billionaires who if we come up with something they'll just move somewhere else”
Raised as a counter-argument to rebut. “The last time that that tax rates went up for the super rich they deserted the country in their in their droves didn't they”
Raised as a counter-argument to rebut. “the politicians will say well if you tax the wealthy more what they'll basically do is they'll just move their companies and they'll move abroad”
Raised as a counter-argument to rebut. “this yeah this question gets thrown at me all the time which is look if you can't tax them if you tax them they'll leave leave leave if they leave the money's g”
“you're sending a very strong signal to the billionaires out there that they should not move uh any of their wealth their companies their assets to the uk becaus”
Raised as a counter-argument to rebut. “to people out there who are going to say look you can't tax the riches because they'll leave okay look at what look what's happening now right look at roman abr”
Raised as a counter-argument to rebut. “secondly they're going to say oh but you can't tax them because they'll leave understand that's [ __ ]”
Raised as a counter-argument to rebut. “now when i say you need to tax the rich people what comes back is well you can't they'll leave”
Raised as a counter-argument to rebut. “is okay you want to tax rich people well if you tax them they're just going to leave okay so um this is relatively easy to deal with”
Raised as a counter-argument to rebut. “and if you do then it doesn't matter and if you do then it doesn't matter and if you do then it doesn't matter where they go because where they go because where”
Raised as a counter-argument to rebut. “you can't tax the rich they'll leave they'll leave you contacts to reach contacts to reach suddenly we decided we want to tax Roman Abramovich”
Raised as a counter-argument to rebut. “oh no if we text rich people the economy will collapse the rich people will leave it will be a disaster”
Raised as a counter-argument to rebut. “but if you touch wealthy people they'll but if you touch wealthy people they'll but if you touch wealthy people they'll just leave the country surely just leave”
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”
“because they can afford to move their money elsewhere is it because they can money elsewhere is it because they can money elsewhere is it because they can affor”
Raised as a counter-argument to rebut. “this idea that if you tax them they'll leave it is based on an intentional obfuscation and confusion of wealthy people who are ordinary people with high-paying ”
Raised as a counter-argument to rebut. “can you really tax the rich? If you tax them, won't they just leave?”
Raised as a counter-argument to rebut. “This is clearly the number one concern about why we cannot tax the rich. So I wanted to do a video, deal with it head on. And explain really, really clearly why”
Raised as a counter-argument to rebut. “they can leave if they this country and they can leave if they this country and they can leave if they want the country will still be here”
Raised as a counter-argument to rebut. “you can't tax the rich you can't tax they're too powerful he attacks the rich they'll leave and they'll go away and then we'll have nothing and then we'll be be”
Raised as a counter-argument to rebut. “if I'm a teacher or a lawyer or a doctor I can go to Dubai I can go to Singapore and I can work in those countries and I generate the money from my work if I'm ”
“because if I come out and try and tax because if I come out and try and tax because if I come out and try and tax the richest I will get attacked but all the ri”
Raised as a counter-argument to rebut. “And the industrialists industrialists? And the industrialists were saying, if you tax us, we'll throw our factories into the sea.”
Raised as a counter-argument to rebut. “The most common push back we get by a million miles is you can't tax them, if you tax them they'll leave”
“They're scared of these amount of power. They're scared of these amount of power. They're scared of these guys off.”
Raised as a counter-argument to rebut. “One of the biggest reasons is obviously they control a lot of the media narrative. They can sell lot of scare stories. "If you tax us, we'll leave."”
“So while people might move to try and escape these issues domestically they'll chase them because you know, the billionaires are coming and you know Peter Thiel”
Raised as a counter-argument to rebut. “the famous millionaires who are fleeing the country because they are terrified of the imminent wealth taxes despite the fact that there aren't any wealth taxes.”
Raised as a counter-argument to rebut. “industrialist is complaining that um the government is trying to raise taxes on industrialists like him. And he says that if we raise taxes on the rich, on the ”
Raised as a counter-argument to rebut. “If we tax them, they'll just leave. Like, forget it. There's no way. It's just the way things are.”
Raised as a counter-argument to rebut. “The second crucial ingredient is how do you deal with the threat of migration? you know, rich people always the debate boils down to, okay, perhaps it would be ”
“it's not going to be easy to do it needs to be well planned and well designed and it might even require some degree of international cooperation”
Raised as a counter-argument to rebut. “do you think the government might say well we'd need to set up such a complicated system in order to find where all of those funds and investments look that it ”
“one of the most difficult things is whether it'd be an annual on an annual basis or a one-off one-off much easier but still the kind of the difficulties in actu”
Raised as a counter-argument to rebut. “I will agree 100% it is difficult to tax I will agree 100% it is difficult to tax rich people”
Raised as a counter-argument to rebut. “taxing the rich is hard and if you wanna tax the rich so much can you please show me your like completely designed tax plan”
“The implementation and the design... the correct implementation and the correct design of this tax or these taxes, it has to be so good. It has be really, reall”
Raised as a counter-argument to rebut. “easy to tax the rich because they're [ __ ] incredibly powerful and they like fund like the newspapers and the politicians.”
“Ultimately we need to find a way to make the richest in our society contribute to fixing this crisis rather than simply profiting from it. Otherwise financial s”
“there's going to be a lot of inequality resulting from coronavirus and the best way to fix it will be a wealth tax”
“I developed these theories that inequality is much more important than most economists to realize, which means that because we're not addressing inequality the ”
“so really if you're talking about how do we deal with this crisis who's going to pay it back it's going to be the poorer kids because the richer guys those guys”
“because economists don't understand the importance of inequality”
“the richest people in the country like jeff bezos the value of their companies are doubling and this is on the back of 10 years of stock markets exploding in th”
Raised as a counter-argument to rebut. “I don't think we're gonna transform capitalism and radically redistribute wealth just by everybody becoming a stock market trader”
“I can see inequality blowing up listen I come from a poor background I'm rich now I totally see what is happening in the world and I understand how it affects p”
“now he's an economist who specializes in examining inequality examining inequality examining inequality and he thinks that's what's been exposed”
“we need to start making the richest people actually contribute to fixing and paying towards these crises rather than just profiting from them”
“people like my dad and my friends dads people like my dad and my friends dads people like my dad and my friends dads are working so hard and getting so are work”
“deeper than that i think there's a deeper than that i think there's a deeper than that i think there's a problem with inequality here because as you've seen the”
“one of the most obvious problems is that we keep seeing house prices go up and up stock prices go up and up and that causes big increases inequality”
“unless we do something about this inequality, unless we make sure the super rich at least pay the same rate of tax that the rest of us pay that is our future”
“the only way we're going to fix that we're going to fix that is to deal with the actual underlying fundamental problem of the culvert crisis which is that is ma”
“if you're poor but everyone around you is poor i'm not saying that's easy but it's a it's harder in the sense when you're poor and there's so many people around”
“it's just crazy what a distorted understanding of the world and of money a lot of these very rich people have”
“in my opinion if we don't fix inequality that will mean all of the money goes to the rich who use it to buy house prices”
“i don't want to live in a world where you have to choose you know where the only way to get the freedom to do meaningful work is to like make a crazy amount of ”
“if we don't find a way to tax the riches it's going to be disaster for the rest of us”
“if we don't do anything about inequality I think we will move to a future like that that the housing will be even less affordable”
“this problem is caused by inequality so the only way to fix it is by fixing inequality not by taxing ordinary working people but by taxing the super rich”
“people love this idea that we can fight back against the system you know i'm always talking about my youtube you know we've got a system that is set up where a ”
“my concern is what is it going to do for inequality and what is it going to do for the ability of ordinary people from ordinary families to buy houses to raise ”
“we need to fix wealth inequality and then all the do you want a big welfare state?”
“if we don't fix wealth inequality it means unaffordable housing, bad jobs and no financial security for your kids and your grandkids”
Raised as a counter-argument to rebut. “this is other than making everybody poor except the billionaires”
“always seems to be the rich people that always seems to be the rich people that get all these schemes and we poor people get all these schemes and we poor peopl”
“if ordinary people allow the super rich to tax them while they themselves often end up paying rates of tax: 10%, 5%, even less then it's going to be a system wh”
“we wouldn't fix inequality so i've been very interested in this for a long time”
“if we don't find a way to tax the billionaires it's going to be a very difficult it's going to be a very difficult economy for the rest of us”
“we realize that wealth is much much more unequally distributed than income”
“billionaire wealth up 22 the average billionaire wealth increased by 600 million pounds during Kobe ordinary people 2.5 percent extra tax on your national insur”
“if we don't do anything about wealth inequality but the newspapers which are very often owned by billionaires and the politicians who often are billionaires the”
“if you don't do something about inequality the economy won't get better”
“rather than rising national insurance to all three people we could tax these guys and pay people to get vaccinated helping reduce inequality”
“if we actually start reducing wealth inequality rather than letting it continue to grow we can put that cycle into reverse we can make the money go to ordinary ”
Raised as a counter-argument to rebut. “we have seen the biggest ever single year increase in billionaire wealth 22% increase in billionaire wealth the top 250 richest families in the country saw thei”
“if we want to stop that as a group we have to do something about inequality and that's why i said we have to tax the super rich it's the only way to do it”
“the key thing we need to fix is wealth inequality by teaching each other that if we don't fix wealth inequality things are not going to get better but we'll get”
“we've got a serious problem here that will not get better unless we do something and a lot of the people in power are not incentivized to do it so if we want ch”
“the answer the problem is inequality and it's it's probably not going to get better because at the time people talk about inequality now but back in 2011 nobody”
“the only way to make things better is to deal with this problem of wealth inequality”
“massive increasing inequality massive massive increase in the wealth of the richest massive increase in house prices and stock prices so stock prices so qe is a”
“if we don't reduce it things are not going to get better that means things are going to make worse for ordinary people”
“I know that if we don't deal with inequality which again is exploding now we'll have a very weak economy for a long long time”
“the fact is if we don't fix things, it's not really about the rich versus the poor it's about like the 1% versus the rest of us”
“understand that this is being caused by our government using the kovitz crisis to allow millionaires and billionaires to accumulate literally hundreds of billio”
“if we fix wealth inequality we can reverse this”
“push for better wealth distribution and for a tax system that taxes billionaires on a higher rate than you pay your tax”
“instead of punishing the poor you transfer wealth from the rich and the super rich who can afford to pay it towards the poor and ordinary people who are often s”
“I went from being very poor to being very rich by betting that inequality would grow and that would keep the economy weak reason why if the wealth is being held”
“this is a case of the poor and ordinary hurting and the rich have never ever ever made more money”
“and it's about letting people know look if we don't do something about inequality then we're going to get really bad economic and human outcomes for like you an”
“if you don't deal with inequality it's going to be an economic disaster for ordinary people and it is you know unaffordable housing no good jobs you know bad qu”
“push for action on wealth distribution wealth inequality taxation of the rich”
“what we're going to do in this video is a really clear explanation of what's going to happen in the post-covid economy if we don't do anything about the massive”
“if we don't fix wealth inequality life is going to get significantly worse for people in this country generation after generation after generation”
“and the only way to make that happen is to actually force rich people to pay their taxes”
“if we don't do anything about it they will get richer and richer and richer and richer and ordinary people will get poorer and poorer and poorer and poorer”
“I think when you have a crisis of inequality where richard when you have a crisis where rich people are getting richer the obviously correct thing to do is to t”
“there are growing concerns around the globe over the growing gap between wealthy and poor not just in the united states of course but literally around the globe”
“a victory will be if wealth inequality starts decreasing if housing starts becoming more affordable and more obtainable for ordinary families that will be a vic”
“i genuinely think if people understand that this is being caused by the massive increase of increase of increase of the wealth of the rich and that is fixable f”
“a big jump in inflation, a crisis of inequality and cost of living crisis for ordinary people”
“our society is still scarred by too much unfairness and inequality”
“the consequence of economic collapse and the consequence of economic crisis is repeatedly a massive increase in is repeatedly a massive increase in is repeatedl”
“they're doing nothing to fix the inequality which is the fundamental inequality which is the fundamental inequality which is the fundamental problem”
“inequality is basically a cancer killing our economy what's happening is is basically terrible right huge amount of money was given and now more money will be g”
“leveling up would be great but if you look at what they're actually doing it's not happening”
“why covert has increased in quality so why covert has increased in quality so why covert has increased in quality so badly right”
“the government gave a ton of money to rich people that is destroying the lives of poor and ordinary people You need to take the money back from the rich people ”
“designed to keep concentrating wealth designed to keep concentrating wealth and minimizing tax”
“if you want to fix that problem you need to start taking serious amounts of money from the rich and giving it to ordinary people”
“what you actually want to do the perfect policy actually want to do the perfect policy actually want to do the perfect policy is actually really the exact oppos”
“they're doing is massively increasing inequality right so then you see this inequality right so then you see this inequality right so then you see this situatio”
“and cause crises of inequality and of living standards and of inflation for ordinary people”
“the fastest ever increase in millionaire and billionaire wealth in the country ever in the history of this country it's obvious where we need to get the money f”
“the true villains here who are destroying our lives and our economy which is the super rich”
“I only wanted to work with wealthy individuals who kind of get this stuff who are already concerned about inequality”
“if that is allowed to continue then it is inevitable that we will see broad increase and we will eventually reach a place of mass poverty in this country”
“if you don't hit these super rich if you don't hit these super rich if you don't hit these super rich then they will use their enormous then they will use their”
Raised as a counter-argument to rebut. “the end result will be a massive increase in inequality”
“the rich get richer ordinary people get poorer inequality increases and ordinary people find it harder to live because you as an ordinary person are competing w”
“inequality increases and Ordinary People inequality increases and Ordinary People inequality increases and Ordinary People find it harder to live”
“if you allow the rich to get richer if you allow inequality to increase a massive rate that hurts you your family your kids ability to buy houses your ability t”
“you cannot expect to see the fastest ever increase in inequality in the history of the country and not see living standards for ordinary people fall”
“if we want to make things better all we have to do is be serious about measuring the distribution and inequality of wealth um be serious about how can we reduce”
Raised as a counter-argument to rebut. “they appear to be ideological about is they appear to be ideological about is they appear to be ideological about is increasing inequality”
“all it does is make wealth inequality worse right because it means that ordinary families have less assets and richer families get more assets”
“the biggest and fastest ever increase in millionaire and billionaire wealth in millionaire and billionaire wealth in the country”
“if you do not do something about massively rapidly increasing wealth inequality you are going to decimate living standards of ordinary people and Ordinary Peopl”
“highlights what is actually happening which is that there is a billionaire class class class that is stripping away our government that is stripping away our go”
“get as many people as possible to understand how important it is that we fix wealth inequality”
“if we don't do something about that inequality will grow massively we will lose our middle class who will lose their assets”
“campaigning for wealth inequality bring people in and help grow this voice and that that that hopefully is how we achieve change”
“if you absolutely demand it that inequality gets better and wealth flows to ordinary families then you will get it”
“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”
“I care so much about wealth inequality and also what wealth inequality does to the economy from the perspective of ordinary families and ordinary people's lives”
“housing could be so much more affordable wages could be so much higher and we could have so many more options in how we live our lives”
“if everybody turns around and says listen these guys are just a bunch of crooks they're not doing anything unless they fix wealth inequality with [ __ ]”
“if we took that back there's no need for austerity if we took that back we could give every single adult in the country £12,000 imagine that £12,000 in your ban”
“the significance of inequality on the economy was not understood so when when inequality changes massively you can make money in the markets”
“I bet that the global economy specifically the US and UK economies would recover extremely slowly slowly slowly that there would be prolonged economic weakness ”
“if you do not fix inequality do not fix the economy”
“this is about an understanding of the importance of wealth inequality and a willingness to make that change”
“really we've got a choice either start wealth flowing back from the rich to ordinary families which would involve get rid of tax loopholes, greater taxation of ”
“this government has presided over the largest and fastest ever increased inequality in the history of the country”
“if you do nothing about growing inequality if you don't do anything about growing inequality poverty will get worse and worse and worse”
“if we do something about this wealth inequality if we manage to reverse that motion of increasing wealth inequality and start driving wealth in the other direct”
“this government has resided over the largest and fastest ever increase in inequality in the history of the country”
“my analysis says it's overwhelmingly the rich that increases inequality that increases asset prices and price in the shops and it decreases living standards for”
“increasing inequality... so if you understand this £700 billion then you can understand a lot of what's happening... it's also an opportunity to attack the gove”
“we have a structural worsening crisis of inequality that will lead to predictable understandable bad outcomes”
“if you create no assistance for good people who know what they're doing to challenge challenge challenge the rich privileged Elite who control the rich privileg”
“what we would see is the biggest and fastest increase in inequality in the history of the country”
“they don't do anything about orphan equality things continue to get worse equality things continue to get worse equality things continue to get worse”
“in the end you need to demand a reduction of inequality and you need to say I'm not going to vote for anyone that doesn't give us a reduction in wealth inequali”
“it has to come from a burning desire and unflinching demand do something about the wealth distribution or we will never vote for you or we will never accept it”
“The only way to protect working people in this country including asset owners is to keep wealth flowing around so listen I would encourage you even if you do ha”
“money to buy assets from the middle class that will increase inequality more class that will increase inequality more class that will increase inequality more a”
“it's not inequality doesn't just mean you don't get a house it also means the government cannot afford good government cannot afford good”
“wealth inequality will get higher and higher we will lose our middle class and we will fall into poverty we need to tax hoarded accumulated wealth”
“if you cannot tax the rich and the rich have all the assets then you end up in a situation where whenever there's a crisis the rich get a ton of money and you c”
“I started this because I want to reduce inequality and I know that's not easy but I think we have a chance to be a part of that”
“if you take two groups of people a large middle class and and a small rich elite and you constantly pump wealth from the middle class to the super rich elite an”
“it's overwhelmingly the rich that it's overwhelmingly the rich that it's overwhelmingly the rich that increases inequality that increases increases inequality t”
“once you understand this then what you see is inequality is absolute cancer at the philosophical root of capitalism because if you have a broader equal society ”
“If we were to find those people who have that money, we will see that they have gotten enormously richer, if we were to tax it back the government debt would de”
“this is not about taxing people with one million pounds okay this is about taxing people with 100 million pounds”
“they will find that it's sitting in the bank account of the richest people in the country driving up the prices of the things you need of the houses you need”
“I think the most important thing to understand here is that the institutions which we have designated to protect our economy and to protect working families bec”
“the reason that we don't have that kind of poverty here in Western Europe and in the States is because we have protected our wealth distribution and we've preve”
“stock prices which makes the rich richer stock prices which makes the rich richer stock prices which makes the rich richer and makes it harder for middle class ”
“what are you doing about wealth inequality? what are you doing about the massive increase in wealth inequality in the last 3 years?”
“wealth inequality will get higher and higher we will lose our middle class and we will fall into poverty”
“if you don't fix inequality, the economy will collapse and living standards will collapse”
“because these guys are getting richer because these guys are getting richer because these guys are getting richer and richer and richer by taking your assets”
“largest and fastest ever increasing largest and fastest ever increasing largest and fastest ever increasing inequality in the history of the country”
“there is a group of people that is taking all of your [ __ ] how do we stop them from doing that and tax is the most obvious way to do it”
“If we decrease the inequality, we can improve the living standards. If we don't decrease the inequality, living standards will continue to decrease and politics”
“The only way to stop that is to tax rich people more aggressively so that ordinary people can have a fairer share of what we're producing in our societies.”
“action on wealth inequality because wealth inequality in the absence of action will increase and is increasing very quickly”
“Payments made from poor people to rich people that make wealth inequality get higher.”
“The most frustrating thing about this is it's fixable because we can reverse those inequality increases by taxing the rich.”
“in my opinion is being driven by inequality”
“There's those bits in the book where you're starting to ask the questions about inequality and you're asking people around you about it.”
“these guys the very very very rich are these guys the very very very rich are these guys the very very very rich are taking everything if you don't stop them”
“inequality doesn't just have to go up inequality doesn't just have to go up forever”
“The reality of the situation is that ordinary families are getting poorer. They losing their wealth. So I want to explain explicitly how that is happening.”
“if we get together and force politicians to tax the rich more aggressively to force wealth to flow to ordinary people rather than away from ordinary people, we ”
“I think that's very, very relevant in this society we live in of increasing inequality. You know, people who know the work I do outside of this book will know t”
“If you want to make things better, you have to bring that wealth inequality down. If you want to stop things getting worse, you at least have to stop it from in”
“the consequence is the impoverishment um the consequence is the impoverishment um the consequence is the impoverishment of of of the masses of the people”
“My worry is that when you have very high levels of inequality, what it means is you can't get basic essential needs like housing and health care and education.”
“economies would not reach the people who economies would not reach the people who economies would not reach the people who needed it it would settle in the pock”
“it's we're losing the middle the middle it's we're losing the middle the middle it's we're losing the middle the middle class losing their homes government's cl”
“inequality is just destroying the inequality is just destroying the inequality is just destroying the economy”
“So as an economy becomes more wealth unequal, what you then have is a greater share of the assets and a greater share of the purchasing power being held by the ”
“And the only way to deal with inequality is to tax the rich.”
“people like you understand inequality is growing and inequality is growing very quickly and when inequality grows quickly living standards for the rich increase”
“this economic situation does not get better it can get better if we deal with the inequality if we deal with deal with the inequality if we deal with the tax sy”
“If we get wealth into the hands of ordinary people, you can live a very comfortable life just like the rich do now. If we push wealth in the other direction, li”
“if we don't deal with growing inequality if we don't deal with growing inequality if we don't deal with growing inequality that is what I see what are the bigge”
“increased inequality is pushing wages down but a devaluation of the currency down but a devaluation of the currency down but a devaluation of the currency is pu”
“The reason I do this, the reason I campaign to stop inequality from increasing, is because I do not want the ordinary people of this country, of other countries”
“So assets transfer back from the government... assets transfer back from the rich to the middle class so that inequality decreases.”
“it's because of growing in equality”
“If they don't reduce wealth inequality, then they will not be able to stop the fall in living standards.”
“You have to tax the rich. You have to tax people like Rishi Sunak. If you don't tax them, you kids will be poor. That's why I do what I do every week. Tell your”
“If you don't tax the rich, inequality will grow more and more and your grandkids will be poor.”
“inequality, specifically inequality of wealth is growing and growing, that is causing falls in living standards for ordinary families”
“is a small incredibly Rich Elite ruling is a small incredibly Rich Elite ruling is a small incredibly Rich Elite ruling over a vast majority of incredibly impov”
“I think the problem is inequality. And, I'm honestly, I'm really worried. I'm really, really worried that, the left's not going to get its act together. It's no”
“If you want to stop the decrease in living standards, we need to stop the increase in wealth inequality.”
“The only way to protect the middle class and the poor from the rich is taxation. Just like the only way to protect you from foreign armies is an army. We don't ”
“You can reverse that if you tax the rich.”
Raised as a counter-argument to rebut. “I'm not calling for redistribution. The redistribution is happening. I'm trying to stop the redistribution.”
“So in the wealth equal economy, basically everyone's going to own like a big chunk of the house they live in. Everyone will pretty much own the house they live ”
“not dealing with the fundamental problem not dealing with the fundamental problem not dealing with the fundamental problem of inequality”
“If you want meritocracy, you should tax the rich rather than working people. So that's my answer. How do you get meritocracy? You tax the rich.”
“I think that almost everybody agrees that high levels of inequality are a bad thing, but I think people have believed or been kind of fooled into believing for ”
“for 100 years we taxed very rich people at extremely high rates and that prevented them from accumulating the rest of the assets”
“when economies are becoming rapidly more when economies are becoming rapidly more unequal they don't really want goods and unequal they don't really want goods ”
“my concern is we have a massive problem of inequality”
“inequality is rising and Rising the but inequality is rising and Rising the middle class are losing their assets”
“channel and see me supporting wealth taxes and increased tax on the rich and trying to reduce inequality, might have assumed that I was some big Labour supporte”
“The reason they will fail to fix the economy is because they are not dealing with the fundamental problem, which is growing wealth inequality.”
“inequality is a danger for you and your inequality is a danger for you and your inequality is a danger for you and your family these guys are going to take the ”
“If you allow the super rich to get even richer and you allow the middle class to lose their assets, they will increasingly outcompete you for the things that yo”
“The way to keep your house, if you are a middle class person, is to protect the middle class from the rapidly growing wealth of the rich. You have to stop that ”
“if we can reduce inequality, if we can raise people's living standards, you'll probably find less racists, and you'll probably find that people get along, maybe”
“do you not think there might be a deeper not think there might be a deeper not think there might be a deeper problem with inequality”
“If you don't deal with that, then living standards will continue to fall for the poor and for ordinary people. You simply have to deal with the growing inequali”
“both of these leaders despite in theory sitting on opposite sides of the political Spectrum will oversee a continued increase in inequality”
“The only way to fight it is to rebalance power. It's to increase tax on the rich. It is to decrease taxes on ordinary families.”
“the reason that families are losing their homes and the reason that governments are going bankrupt is because the wealth that used to be being held by ordinary ”
“inequality is destroying the economy”
“The only way to fix this is to change the tax system, to stop taxing ordinary people so much, and tax the super rich more. If we do that, we can improve economi”
“understands we need to deal with understands we need to deal with understands we need to deal with inequality to protect our living inequality to protect our li”
“So for now, we need to focus on getting some form of change, because if we spend all of our time arguing about the specific form of the change, we wont get anyt”
“why are we not talking about inequality as the cause for poverty make it common sense of course poverty make it common sense of course poverty make it common se”
“it was a period of time we protected a broadly equal wealth distribution and taxed the rich at very high rates.”
“I want to stop increasing inequality. I want to try to stop falling living standards.”
“the growing wealth of the richest listen as the richest get richer and richer and as the richest get richer and richer and as the richest get richer and richer ”
“this growth in wealth inequality it is this growth in wealth inequality it is going to keep the middle class and the going to keep the middle class and the goin”
“I think the squeeze out is a focus on really the most damaging and most dangerous direct consequence of wealth inequality for ordinary people, which is that the”
“I think this crisis of wealth inequality will get worse. I think it's, it's really going to... It's already decimated the working classes in the West. I think i”
“the reason we are getting poorer is because of this massive growth in inequality and we're not gonna fix that unless we stop that inequality from growing the in”
“the core of the economic crisis is growing wealth inequality and none of these politicians none of these political ideologies are willing to even really talk ab”
“If we do not deal with this crisis of worsening and worsening inequality, it will get worse and worse inequality, it will get worse and worse inequality, it wil”
“I am trying to stop the redistribution that is bankrupting ordinary people.”
“The reason house prices are expensive is because the rich are really really really really really rich now and you can't compete with them and unless you do some”
“If you do not deal with this rapidly growing inequality of wealth, the economy will collapse and you guys will get absolutely smashed at the next election.”
“growing wealth inequality is, is totally ******* up living standards. it's going to make your kids poor and your grandkids poor, and I want, at the very least, ”
“The problem with a crisis of inequality The problem with a crisis of inequality which is as you say if if you have a which is as you say if if you have a broad ”
“If you do not get systems in place such that you can tax the very rich whilst their wealth is aggressively growing every single group of society including the m”
“this concept that what we were actually in economically was a structural crisis of growing inequality, that the bottom 90% was having their wealth kind of aggre”
“wealth distribution is just going out of control”
“Do you think AI will help or hinder social inequality? Yeah, I think it'll make it much much worse.”
“How do we effectively get wealth back from the very rich or at the very least stop them from taking more of our wealth?”
“Inequality is increasing really, really quickly. The rich are rapidly increasing their wealth. It's squeezing everybody out. It's destroying the middle class. I”
“Everybody was talking about wealth taxes. Everybody was constantly asking politicians, why don't you do something about wealth taxes? Why don't you do something”
“structural crisis of growing wealth inequality. The middle class, the working class are getting squeezed out. The rich are accumulating it.”
“You know, as these guys billionaires. You know, as these guys billionaires. You know, as these guys get richer and richer and richer and get richer and richer a”
“Growing inequality of wealth is destroying the economy and pretty much everything that happens can be predicted by understanding what will happen with growing i”
“primary economic concern is is growing wealth inequality. I'm very confident on that.”
“their living standards are getting worse their living standards are getting worse their living standards are getting worse is because of growing inequality.”
“dealing with inequality, dealing with an dealing with inequality, dealing with an dealing with inequality, dealing with an unfair taxation system.”
“If you do not deal with growing inequality, the living standards of your kids and your grandkids will get worse and worse and worse and worse.”
“When the super rich get really really When the super rich get really really rich, it has an impact on you.”
“housing will become less affordable unless we deal with the problem of rapidly increasing wealth of the rich.”
“instituting these wealth taxes is not only about arresting that deeply and quickly growing wealth inequality but it's also about bringing back into the collecti”
“if you do not take action on massively increased inequality inability to tax the rich you will end up in a situation where basically you have no choice but to e”
“This problem of weakening economy, falling living standards, has basically been experienced by every government in the UK for the last 15 years.”
“Living standards are falling because of growing wealth inequality. If you don't fix wealth inequality, if you don't fix the tax system, living standards will fa”
“As inequality increases, as you and the government have less wealth and the rich have more wealth, the only possible way for you to get public services is for t”
“We moved from a country with really terrible broad desperate poverty to one which provided a good decent standard of living to the vast majority of people. And ”
“But in a way that caused enormous negative side effects, namely a massive decrease in government wealth, a massive increase in the wealth of the richest, and ob”
“The primary thing, the main thing that matters on improving your living standards for your family over time is wealth inequality and wealth taxes.”
“I think this idea that no economic economist support it is just wrong. It's as simple as that, right? So I mean I don't I don't know really when you dig behind ”
“And it isn't until you see the really significant redistribution of wealth in and in the immediate aftermath of World War II that you see like the really signif”
“we want to stop the growth in wealth inequality, we want to stop the growth in economic inequality, we want to improve living standards”
“Every single crisis ends up with an enormous amount of money piling up with the rich. Massive increase in inequality, massive increase in wealth and power of th”
“If it is not inequality, tax the rich, living standards, what the is it? It has to be tax wealth not work.”
“So you you are convinced inequality is is increasing aggressively. Well when you look at those numbers you know it's pretty difficult to to to claim that it's i”
“if you don't act on inequality their living standards will fall”
“most importantly they're the only thing really which can stop living standards from falling in the long term.”
“it's really really important that we introduce attacks into the system which can effectively target not just high earning workers but the very very rich”
“I think most people buying these cryptocurrencies including bitcoin especially in the last year have been doing it largely rather than with the intention of usi”
“in my opinion it's basically become a speculative bubble that ordinary people are looking looking at this and thinking thinking thinking well you know i'm stuck”
“if we let the rich accumulate huge amounts of money the rich don't spend money on ordinary things it doesn't drive wages they invest money they buy assets stock”
“if we do that it's going to crush the economy as well in the longer term”
Raised as a counter-argument to rebut. “some of them put a lot of money into paying economists and think tanks to tell you that inequality is important for the economy is important for the economy tha”
Raised as a counter-argument to rebut. “inequality is is important for the economy that is not true”
“what an earth incentive is there to work hard and get wealthy if you know that your money is going to be going to a northern rail company”
“this is going to mean that ordinary families cannot afford to get homes for their kids um ordinary families kids will struggle to find a place to raise their fa”
“if the rich are accumulating massive amounts of wealth that means we have to pay them more every year and it's us all the new people that drive the economy”
Raised as a counter-argument to rebut. “some of them put a lot of money into paying economists and think tanks to tell you that inequality is important for the economy that is not true”
Raised as a counter-argument to rebut. “oh no you shouldn't tax the rich if you do it be an economic disaster understand that's [ __ ]”
“their incentivizers to take a load of risk and they know if it doesn't work out they're already millionaires they're not going to lose out you know they might g”
Raised as a counter-argument to rebut. “you can't tax the rich because it's bad for the economy”
“if you smash an equality through the roof you destroy the economy and destroy a living standards for ordinary people”
Raised as a counter-argument to rebut. “the idea that if you allow rich people to get a lot of money, to accumulate a lot of money, it will grow your economy”
Raised as a counter-argument to rebut. “I spoke to some people recently about the prospect of raising a one percent wealth tax on wealth assets above 10 million pounds and even that doesn't look like ”
Raised as a counter-argument to rebut. “in a strong economy with lots of growth opportunities this isn't necessarily a bad thing because they can use that money to make new investments and create new ”
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”
Raised as a counter-argument to rebut. “set of models that have no distribution in them keep predicting things will get better things keep getting worse and they will never figure it out”
Raised as a counter-argument to rebut. “if you keep trying to provide living standards without the ability to tax the people who increasingly own everything it's not possible”
“aggressively incentivising through money all of the best people to not work in the public sector and then creating incentive structure in the public sector such”
“the Richer got richer they'll use that the Richer got richer they'll use that money to buy the Assets in the middle money to buy the Assets in the middle class ”
Raised as a counter-argument to rebut. “I'm not calling for redistribution I am I'm not calling for redistribution I am calling to stop the redistribution away calling to stop the redistribution away ”
Raised as a counter-argument to rebut. “we have an incoming Labour government, who are advised by a group of mainstream economists and journalists who are super, super resistant to taxation.”
Raised as a counter-argument to rebut. “you can't tax wealth you can't deal with inequality because we need the rich to invest to grow the economy”
“he's obsessed with getting richer and I he's obsessed with getting richer and I he's obsessed with getting richer and I think this is you know a big part of the”
“if those stocks used to be owned by ordinary people and then one generation down, then the other ordinary people don't have them. This is a problem. It's a prob”
“Now, the US financial system is actually going to drain this extra resource from these companies and make, the income inequality even worse, yeah?”
“So if we tax people based on their spending rather than their income, then the richest people will get taxed at the lowest rate. So what this means is tariffs a”
Raised as a counter-argument to rebut. “raising tax on on wealth is like is pulling up the ladder you're you're preventing people from being able to get rich now you are rich yourself and this is just”
Raised as a counter-argument to rebut. “They constantly say what Gary wants is to tax high earning working people despite the fact that I constantly aggressively very clearly say I am trying to tax th”
Raised as a counter-argument to rebut. “if you tax people so much they will eventually like avoid the tax so if you really increase tax on work people will stop working or people will leave the countr”
“We expect life to get better gener generation after generation. We expect and hope that as we get older we will get richer and more financially secure until we ”
“growing wealth inequality hurts the economy and hurts living standards.”
Raised as a counter-argument to rebut. “When I look at Reform, when I look at Farage, what I see is a party run by rich people, funded by very rich people, that have a policy, as soon as they come in,”
Raised as a counter-argument to rebut. “I don't want to introduce anything that is going to hurt the UK economy, right? I want these things to be planned incredibly well.”
Raised as a counter-argument to rebut. “wealth taxes would become confiscatory and deter innovation.”
“this is let's not forget money that has been taxed on acquisition that you are then looking at taxing further”
“there's no point bringing in a wealth tax which has loopholes in it because if you put loopholes in your tax system then the people who will exploit those looph”
Raised as a counter-argument to rebut. “the intake was actually the overall tax intake was slightly less because people just found ways to avoid it”
“these are all taxed in different methods and are very easy to legally avoid under that current tax system”
“capital gains, inheritances, trusts... these methods of getting income, income you get from wealth its much much easier to avoid taxes when you get your income ”
“the big problem is the rich have got the best accountants and they will try and dodge the taxes”
“these people they've got the best tax accountants in the world working for them and they will try and dodge any taxes that we bring in”
“ordinary working people who are increasingly being squeezed by tax while the rich pay nothing they're understandably going to look for ways around this to pay l”
“the fact is the super rich they they they pay very low rates of tax because they can can can um they they pay for good tax advice that lets them know how to do ”
“the most important thing is that it's not evaded by the very very rich”
“governments bring in taxes on the rich they put in loopholes and the super rich get avoided and in the end ends up falling in the middle class”
“the ultra super most elite in our society because they are the ones who would hire the accountants and the lawyers and the ones who if push came to shove would ”
“richer families they maybe know how to avoid inheritance tax which is many ways to legally avoid it and richer families often do avoid it”
Raised as a counter-argument to rebut. “the laffer curve which basically says that the higher you tax people there is a point at which you then start to accrue less or fewer tax receipts you don't get”
Raised as a counter-argument to rebut. “they bring in a taxi stick a load of loopholes in it”
Raised as a counter-argument to rebut. “can you make it work or can rich people hide their wealth well that's the whole point of a wealth tax is it is actually very hard to hide your wealth”
Raised as a counter-argument to rebut. “i know people out there will be looking we'll be looking at me and saying you're going to bring a taxi and the richest will avoid it and you're going to hit me ”
“the way the tax system is designed it is very possible for people such as Rishi Sunak who generate huge amounts of income from wealth to legally avoid... well f”
“income tax avoidable for the rich inherent stocks avoidable for the rich”
“some senior members of government might be close within their families to some level of tax avoidance”
“Number one is because very wealthy people like Rishi Sunak, most of their wealth is in assets, and in many cases, most of their income from wealth comes in the ”
“they put loopholes in the system that mean rich people don't pay them and it ends up being paid by working people”
“Number one, you need to make sure that there is no way to avoid the tax. And tax avoidance, it's not a law of nature. It's man-made. It's when lawmakers introdu”
“robin hood is saying it was simply a uh an issue of liquidity wasn't it in that they had to they had to they had to pay for the shares effectively before the mo”
Raised as a counter-argument to rebut. “how do you pay a tax on a house if you're not selling it”
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”
Raised as a counter-argument to rebut. “sometimes when I say things like that, people turn around and say, "Oh, but they don't have the money in cash. They'll have to sell the assets."”
“the fact is you know governments have printed lots of money that's how they've dealt with this crisis and that means there's a lot of money spilling about in th”
Raised as a counter-argument to rebut. “the reason the market is doing what he's doing is people are sitting at home getting the checks from the government okay and this fair share is a concept concep”
“governments and central banks have together printed and injected into the economy an enormous amount of new money so in this country in the uk it's about 10 000”
“you give £450 billion to the rich and then you say we're going to help with five billion pounds it's not it's not going to it's not going to help right”
“if i was to come to you three years ago if i was to come to you three years ago before covered and say imagine the before covered and say imagine the before cov”
“the plan is to cap energy bills such that the average household would pay £2,500 a year and that is going to cost the government it looks like about £150,000,00”
“but the government rather than trying to but the government rather than trying to but the government rather than trying to manage a reduction in usage of energy”
Raised as a counter-argument to rebut. “we've been told for years and years that deficits are at these awful things and you can never ever run a deficit and you've got appeared back which is I think e”
“you cannot run massive deficits permanently”
“it looks like they've moved basically to a new version of austerity which means cutting budgets for public services education Healthcare local Services police n”
“the main cause for the inflation that we're seeing now and have been seeing for about a year now is the huge amount of money that was given out by the governmen”
“but there comes to a point where you've but there comes to a point where you've cut everything you know the welfare cut everything you know the welfare cut ever”
Raised as a counter-argument to rebut. “that money that 450 billion pounds given that in covert who's got it now”
“they'll pay for more tax accountants to get out of the taxes they do have to pay that means no money for public services the NHS will be dismantled education wi”
“I don't think anyone's going to be surprised here I'm not a fan of Richardson the current conservative government but really at the moment I have very little fa”
“the government comes Under Pressure to spend more and we need to remember that the”
“I'm a low tax small state conservative and I want to see tax cuts”
Raised as a counter-argument to rebut. “government spent a lot of money so then this is kind of perceptional the government spent a lot of money we've run out of firewood we all need to be poor now th”
“all of the people who are taking your tax money to run the economy are not trying to be right & um that is why they keep getting it wrong”
Raised as a counter-argument to rebut. “is basically that government is corrupt. Government is corrupt, so we’re paying loads of taxes. Government p*sses the taxes up the wall. You know, let's get rid”
“basically every major government in the basically every major government in the basically every major government in the world is effectively bankrupt”
Raised as a counter-argument to rebut. “All of that money is going to go to government. Government is full of corrupt idiots. They're going to steal my money. They're going to waste my money. It's a w”
“if we give everybody money we have not increased the amount of actual resources and assets we have in our society okay so you don't make Society richer by givin”
“If the government is forced to do something very quickly, it's very unlikely that they have done the preparation for a wide variety of tax rises. They will prob”
Raised as a counter-argument to rebut. “maybe the problem is the interest rate is too high or government spending is too low, or government taxation is too high. You know, you're going to focus on the”
Raised as a counter-argument to rebut. “But fundamentally their economic beliefs are small state, cuts, and like you look at Rupert Lowe, he talks about, we need to shrink the state and they're sort o”
“He will significantly reduce taxes on rich people, and he will fund that probably by slashing government spending in some cases, which will often cause a lot pe”
“Why is Labour choosing to do austerity 2.0? What are the reasons driving basically the need for, for Labour to do this? Why are they being forced to do this?”
Raised as a counter-argument to rebut. “don't give money to the government if you give money to the government they'll waste it governments have been basically rapidly shut down in every country in th”
“Basically, governments will be incentivized to keep the price of energy down. And this is a really bad policy.”
Raised as a counter-argument to rebut. “the real problem is a spending problem. And he uses this term which he uses I think he uses it seven times in the whole interview which is skills.”
“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”
“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 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”
“a huge number of families in this country are going to have no way to access secure housing in the future”
“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”
“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”
“poorer families will be forced to lose almost all of their assets... including their home”
“poorer families will be forced to lose almost all their assets including their home”
“ordinary families are losing their houses that is the long-term picture here and that is increasing inequality”
“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 ”
“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 ”
“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”
“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”
“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”
“it becoming increasingly impossible for people from ordinary families to get property”
“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”
“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”
“ordinary families will sell their assets to support themselves which means they get poorer still which means wealth inequality inequality gets bigger still”
“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”
“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 ”
“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”
“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”
“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.”
“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”
“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”
“If all of the assets are owned by the rich and the rich never sell their assets, then working people will never get assets.”
“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”
“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”
“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 ”
“In my opinion we need to find a ways the tax of truly rich in our society, by taxing wealth rather than just income. This will draw money from the wealthiest pe”
“we currently have a tax system which is relatively good at taxing people who work for their money and earn a lot of money such as footballers and sometimes bank”
“we need to start looking at ways to tax wealth rather than just income because at the moment we have a situation where the richest in society are able to pay ve”
“that tax gets charged on worked income but the very richest people they make a lot of their income often most of their income in the case of the richest in ways”
“Income is about work whereas wealth is about ownership of things the ownership is super super unequal- the rich own almost all of the wealth in society”
“it's important to understand we're not talking about income inequality this is not about doctors and lawyers this is about wealth going to the super wealthy fam”
“national insurance that is a tax which affects only working people it does not apply to billionaires who get their income from wealth”
“national insurance does not tax income from assets it only taxes income from work”
“your job is not wealth your job and your salary is a form of income and there's a big difference between income and wealth”
“if they leave the properties are still here the land is still here the people who are in debt are still here and the customers for their companies are still her”
“the way the tax system is set up right now it's very good at taxing income from work but it's very bad at taxing people who are just really really rich and make”
“The first thing to do is to make clear the difference between wealth and income right I come from an ordinary family I know that for most ordinary families mone”
“rishi doesn't pay at least on his income from his wealth because we get our money from our wealth”
“when we talk about wealth we're not talking simply about money we're talking about physical assets such as property the house or the flat that you live in”
“that's the difference between wealth and income right you can't and that's the point I really want to make which is look this is not this is not about hating ri”
“it's not necessarily people that are earning you know they're owning assets and their assets have shot up in value”
“whenever i talk about taxing the rich i'm always talking about high wealth individuals & high wealth families it's not about high income individuals or high”
“we're already taxing earners but we're not actually taxing these very wealthy families”
“money money is not resources so money is not food is not resources so money is not food is not resources so money is not food money is not energy money is not h”
“that is talking about only income tax so it's saying the people who pay the top one the top 1% income taxpayers are paying 28% of income tax um but actually inc”
“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”
“wealth is not income whenever we talk about wealth on this channel we're not talking about your job or your salary we're talking about the assets that you own”
“money is not real resources money is I think I described in another video as a competitive resource or a distributional resource money is only used to determine”
“the work that you do is not really that important for determining how rich you are, increasingly the only thing that matters is how many assets your family has”
“asset prices have increased enormously in the last 30 years and wages have only increased a bit”
“income is basically about your job your salary the money you get from working where as wealth is about your accumulated assets uh stocks & shares, property,”
“that's taxable income but the Duke of estimates the reason he pays nothing is because that is not classified as taxable income”
“I was a very successful banker and I earned a lot of money and I paid a lot of tax. I was paying over 60% at the peak of my career. And at the same time as I di”
“Because often when I talk about wealth inequality people think I'm talking about income inequality. This is not about your job. This is about what you own.”
“The thing that jumped out at me was one number was obviously immediately wrong in this story, and nobody mentioned it. So I've spoken a lot about Rishi Sunak’s ”
“Wealth is not about income. Wealth is not about your job. Wealth is about who owns the physical things in your country, the buildings, the property, the natural”
“So this argument that we cannot tax the rich because they’ll leave is basically based on a confusion between rich people who are rich because they have a good j”
“This will draw money from the wealthiest people in our society, the people who get their income from owning assets rather than working.”
“that we're not talking about jobs. We're not talking about income. Wealth is about assets, physical assets. Who owns the assets.”
“but we don't look at the asset assets but we don't look at the asset assets but we don't look at the asset inflation central banks when they when”
“the growth in wealth inequality, not income inequality, wealth inequality is being missed.”
“I always talk about how it's not even necessarily just about what rates we tax income. You know, we have these very, very wealthy families- That's right, we hav”
“the income he gets just from his wealth, the income he gets just from his wealth, the income he gets just from his wealth, not from his work.”
“So, I want to be clear when I'm talking about taxing the rich. It's not about income. It's not about work. It's not income. It's not about work. It's not income”
“money is not real resources but this confusion between money and real resources causes so many problems”
Raised as a counter-argument to rebut. “Some people might try to say that this is what Gary wanted. This is a wealth tax. So we want to make it clear why they're raising taxes and and why it's not wea”
“Because the whole problem is that those bigger because they have no income. They manage to report no income like Jeff Bezos. Right.”
“The difference between a wealth tax and an income tax is income taxes tax you on the money you make every year whereas wealth taxes tax you on the stock of weal”
“It'll mean that, realistically, people who are from a family that doesn't have a home now, will probably never own housing. It means that those people will be l”
“it's about taxing families that are accumulating huge amounts of wealth and their wealth is just getting bigger and bigger bigger bigger”
“we live in a world like realistically we live in a world now where the only way now where the only way to get rich is to be born rich or to to get rich is to be”
“if these guys mess up if they make a mistake if they lose their job when they need that 70 grand 100 grand deposit to buy a house they can go to their parents a”
“for example a family like rishi sunak his dad's a billionaire his dad's a billionaire his dad's a billionaire you can ask his dad for a five percent you can ask”
“if you can't give your kids a big inheritance then they'll probably never get a house”
“we're in a situation where you can only be rich if your parents are rich”
“what we have created is a society where 95% of us have to work long hours just to get by 4.9% of us don't have to work and can still live and 0.1% of us get mil”
“it's about taxing the super wealthy families that get richer and richer every generation by taking money from the rest of us”
“whilst the vast majority of people in this country make their money from working most very very rich people and families don't make the money from work but inst”
“how rich you are is basically about how rich your dad was or how even how rich your granddad was”
“rich people can guarantee that their kids will be rich then that guarantees that poor people's kids will be poor because if all the assets go directly from rich”
“if we don't do anything about wealth inequality the economy doesn't get better, housing doesn't become more affordable, wages don't go up, well paid jobs don't ”
“people from richer families are getting that money from their parents so you know it's an unfair system but if you're from a poor family the most important thin”
“increasingly the only way to get property nowadays is to get massive gift from your parents and people from poor families don't see that”
“how ritualized not that much about what you do it's about what your parents did you know so i don't really want to be pushing necessarily income taxes unless it”
“jeff bezos's kids will be trillionaires for a thousand years and that's owning the land that we need the properties that we need”
“most of these very rich people are older they have huge amounts of cash they give that money to their kids which means if you are a young person from a rich fam”
“the vast majority of them is to simply focus relentlessly on maximizing the wealth of their kids okay so so so do you think wichita is going to do that”
“it's gonna cause their kids and their grandkids to not have homes to live”
“helping people to pass down assets that you know their wealth to their families their children families their children grandchildren”
“are my kids going to be able to live in a better house than i live in now? are they going to be able to afford to own more and better quality property than i ow”
“inherited i think 9 billion pounds and paid nothing”
“they're going to use that money to buy your mom's houses and they're going to give that money to their kids so that when your kids go with their 50-60 grand dep”
“The Duke of Westminster inherits 9 billion pound and and pays nothing because he's from a very very rich family”
“the rate on inherited wealth especially for phenomenally wealthy people falls to zero”
“you can make as much wealth as you want you don't pay tax on it you can give it to your kids you can give it to your grandkids but once you hit your 120th birth”
“money currently is Flowing from the government to the rich leaving the government with big powers of debt and the rich would be part of money there's one other ”
“there are a lot of super rich people around you and wealthy people who who are normally getting that money from from their parents”
“your kids will not get houses when you get older everything you need for your retirement will be more expensive then you'll have to sell your house to fund that”
“life is getting worse and life is getting harder especially if you don't come from a family of assets”
“the rich accumulate money they give that money to their kids and then their kids buy the property that your kids then cannot afford”
“we're moving towards really an economy which is primarily about inherited wealth I've called this 'a New Feudalism' we're moving into an economy which is an ass”
“you can pay yourself to your parents and you can pay yourself to your parents and you can pay yourself to your parents and your kids and your grandkids you will”
“they would have to tell you it's all they would have to tell you it's all they would have to tell you it's all gone to the richest people in the gone to the ric”
“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”
“people's financial positions now are very largely a function of the decision of how much debt their parents or their grandparents chose to take.”
“The Duke of Westminster inheriting 10 billion pounds and paid nothing”
“If we can get enough people to recognise this, then we can get together. We can say we don't accept this. We don't accept the situation where wealth flows from ”
“So individuals who own their own property with a mortgage, they will be slowly paying their debt down and they will often feel like I'm doing when I'm getting r”
“they are being accumulated by families with family wealth of 50 families with family wealth of 50 families with family wealth of 50 million 100 million quid tho”
“younger people nowadays live in a world where it's increasingly almost impossible to buy property without a big inheritance from your parents.”
“is usually they are families that have been wealthy for a long time”
“they give it to their kids they buy their kids buy your house your kids don't have a house”
“the only way to get rich nowadays is is to inherit money from your parents”
“Elon musk's Elon musk's kids are going to own the houses that your kids need and your kids will be poor”
“So Rishi Sunak is declaring £2 million income. Rishi Sunak's wife, we know is making something like 30 or £40 million passive income a year. Rishi Sunak's wife'”
“you're rich turn you spend a million pound a year and that 20 million pound you use that to buy assets right”
“unless you're very rich, the assets you own now will not be owned by your kids and your grandkids. Those assets will pass to the very rich”
“People from extremely wealthy families, like the Duke of Westminster, can inherit billions of pounds and pay nothing. This is not a meritocracy.”
“history is a small group of extremely wealthy people and a vast mass of extremely impoverished people and that is because you get Dynamics like what is happenin”
“the rate on inherited wealth particular the rate on inherited wealth especially for phenomenally wealthy especially for phenomenally wealthy especially for phen”
“And in the vast majority of cases, what rich and powerful people want is more wealth, more power, not just for them, but also for their kids.”
“money they will out compete you and your children for housing house prices will go up your kids will not be able to afford a house”
“juk of Westminster inherits 10 billion pounds more than 3,000 times what I made pays nothing”
“Our parents generation, you know, even my parents, I come from quite a poor background. They all own property. You know, I went to grammar school, so I didn't k”
“people like the Duke of Westminster can inherit 10 billion and nothing”
“But in the 50s, 60s, 70s, we had very high rates of tax on the richest, which basically prevented the rich from accumulating money and buying up the assets.”
“success is like 85 90% who your dad is”
“The rich are growing their wealth very The rich are growing their wealth very rapidly and it's acting like a black rapidly and it's acting like a black rapidly ”
“If you don't stop the wealth of the wealthiest from spiraling upward as very quickly, there will it will inevitably lead to the disappearance of middle class we”
“if we do not do anything about this system then very very quickly the billionaires will own everything and you will own nothing and we will move into a system w”
“Because the people who own the machines are going to use the machines to replace people and then and then, you know, then you won't have job.”
“If you do not tax very wealthy people, If you do not tax very wealthy people, then they will buy everything. The kids then they will buy everything. The kids th”
“What most of the guys want who are rich in their heart of heart is just to stay rich and they want to stay at the top and they want their kids to stay at the to”
“Wealth was largely inherited. Um it wasn't to do with how hard you work or how smart you were. It it was just about who your dad was.”
“the tax system must ensure that meritocracy prevails over inheritocy”
Raised as a counter-argument to rebut. “the inflation and falling living standards is the rich getting richer because the rich are getting richer”
Raised as a counter-argument to rebut. “massive increase in inequality, massive increase in house prices, massive increased inflation and a collapse in the cost of living”
Raised as a counter-argument to rebut. “I'm not in this because I want to raise taxes I'm in this because I want to improve living standards for ordinary people”
Raised as a counter-argument to rebut. “stopping the collapse in people's living standards that's the number one and in my opinion the only way to do that is to stop the massive increase in inequality”
Raised as a counter-argument to rebut. “GDP now is much higher than it was 50-60 years ago but in many ways people's lives are worse than they were 60 years ago”
Raised as a counter-argument to rebut. “we can see a massive increase in living standards a massive increase in living standards you don't fix the wealth distribution you won't fix the living standard”
Raised as a counter-argument to rebut. “the UK is going to avoid a recession and this was reported in a lot of the media the BBC basically all the major news outlets”
Raised as a counter-argument to rebut. “And yet if you look at most individuals, you will find that over time they do tend to get richer over time. And that is because in most careers you get salary r”
Raised as a counter-argument to rebut. “Living standards for ordinary families are getting worse and worse quite quickly and they will continue to get worse.”
Raised as a counter-argument to rebut. “there was a conservative politician on TV just last week saying that living s is better than than they've ever been”
Raised as a counter-argument to rebut. “living standards decreased massively. And this happened in basically every country in the world.”
“inflationary cost of living crisis you know you can read that's an article in know you can read that's an article in know you can read that's an article in the ”
Raised as a counter-argument to rebut. “what we have at the moment is a situation where basically across the Western world, living standards are falling.”
Raised as a counter-argument to rebut. “states maybe 100 Years of Living standards for the middle class okay we have lived through a period where people like our parents have been able to provide dece”
Raised as a counter-argument to rebut. “I had to look at financial markets before I shot this video and basically everything is at an all time high. Most major stock markets are at or near their all t”
Raised as a counter-argument to rebut. “We don't talk about falling living standards. We don't talk about why wages are falling, why it's hard to get a good job, why big cities are expensive, why thin”
Raised as a counter-argument to rebut. “I want your viewers to ask themselves do I want your viewers to ask themselves do I feel the richest I've ever been I feel the richest I've ever been”
Raised as a counter-argument to rebut. “if you know your history can you point if you know your history can you point to a period in UK history for example to a period in UK history for example to a p”
Raised as a counter-argument to rebut. “the average person now under the system of capitalism uh has a living standard which exceeds that of an 18th century Monarch”
Raised as a counter-argument to rebut. “Where do you think they... will they improve living standards for Americans?”
Raised as a counter-argument to rebut. “Living standards will continue to fall, and that means that in basically every country in the world, incumbents will tend to become more and more unpopular over”
Raised as a counter-argument to rebut. “you have in my opinion unfortunately a tremendously out of touch elite class that is incredibly unwilling to accept the I would say like increasingly obvious tr”
Raised as a counter-argument to rebut. “obviously see now talking in the 21st century living standards here in the UK and much of the world are enormously more enormously better than they were, you kn”
Raised as a counter-argument to rebut. “if we could have that uniformly across europe and in the u.s i think that would do a massive amount to improve economic life for ordinary people”
“just right now as we speak there's a internationally coordinated attempt driven by biden president of the u.s to bring in a minimum tax rate on corporations”
“if the rich people leave and the reason they're rich is because they own all of our assets well the assets are still here and we can still choose to tax those a”
“well it didn't work for Roman Abramovich well it didn't work for Roman Abramovich well it didn't work for Roman Abramovich did it”
“the rich are the least mobile people on Earth because their money comes from you what they need is for you to leave so let's say these super rich people they le”
“If I'm rich and I own your country, whether I leave or not, my money still comes from you and it's... I’m the least mobile person in the world from a tax perspe”
“they can leave if they this country and they can leave if they this country and they can leave if they want the country will still be here and we can tax the as”
“Like the truth is they can leave, right? And I've always said, and I constantly believe, you know, look at the Abramovich situation, which shows like here's a r”
“It's wrong that it's not wrong that they will move. Surely, some of them will know those flows tend to be exaggerated in the public debate, but it's not zero. B”
“the vast majority of companies that have introduced wealth taxes have later abandoned them which is a pretty strong indicator that they don't work”
Raised as a counter-argument to rebut. “when people say it's impossible i always say well actually we did it we did it if you study a bit of history you'll see after the second world war basically all”
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”
Raised as a counter-argument to rebut. “if taxing wealth is so easy, why doesn't anybody do it? And he showed that, you know, across the world, wealth taxation is quite low.”
“wealth taxes have been tried in a number of countries. Only Switzerland has stuck with it. ... But most countries have abandoned them”
Raised as a counter-argument to rebut. “It was done in the 20th century. It was done in the 20th century, inequality was reduced massively and we should look at how they did that.”
Raised as a counter-argument to rebut. “And if you want to find examples of wealth taxes that are designed badly, you will find them.”
“A lot of the work that we've done over the last few years has been to study the historical experience with wealth taxation. In many countries like France, Germa”
“what i'm pushing for at the moment is a wealth tax on very wealthy individuals”
“would raise 260 billion pounds over five years”
“if you increase uh income tax for instance then it can lead to lower revenues for the treasury”
“the government has increased its debt by 450 billion pounds during this crisis and 250 individuals have increased their wealth by 600 billion pounds”
“anything becomes affordable so it drives me mad”
“the government apparently needs an extra 10 billion pounds a year to pay for social care”
“when the government needs money to pay for social care 10 billion a year rather than looking to taxing the billionaires”
“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 ”
“the top 250 individuals most rich individuals in this country made 106 billion pounds last year”
“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 ”
“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”
“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”
“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”
“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”
“understand that we can't fix it unless we get that money back”
“there has never been more money in the bank accounts of the rich and 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”
“the only way we save ordinary families like the people listening to this now is by getting that money back from the super rich”
“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”
“three you tax the rich which 100 is what i'm advocating for”
“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”
“raise tax on the super rich that's not going to happen right”
“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”
“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”
“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 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,”
“depriving those governments of their ability to raise taxes the the correct amount of Revenue to invest in public services”
“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”
“450 billion pounds got given to the rich in the last three years from the government an enormous enormous amount of money”
“depriving those governments of their ability to raise taxes the correct amount of Revenue to invest in public services”
“this could be paid for almost entirely just by taxing 1 year of excess profits of just 250 individuals in the country”
“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”
“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 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 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”
“so how are you going to pay it back to pay it back”
“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 ”
“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”
“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”
“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 ”
“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”
“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”
“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 took that money back we could fix these problems”
“we are draining the resources of this economy and giving it to the super rich who do not pay any tax”
“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”
“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 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”
“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 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”
“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”
“the only way to stop that from happening is significantly increased taxation of the rich it's as simple as that”
“tax is the only way you regular working person in your country can protect yourself from this super rich”
“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 ”
“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,”
“This amount of money would be enough to give £16,000 to every adult in the country.”
“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.”
“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 stop the increasing inequality is to significantly increase taxes on the rich, so that we can cut tax on ordinary people.”
“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 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”
“when I talk about taxing the rich, people think that it's mainly about revenue raising. This is true. It's true.”
“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”
“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”
“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”
“The only way to stop that tax the super rich, lower tax on ordinary people.”
“They understood that the only way to protect working people was to tax work less and wealth more.”
“start protecting your wealth you do that by taxing the rich”
Raised as a counter-argument to rebut. “they don't bring in that much revenue. What makes you think it would be different here?”
“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”
“the government is hemorrhaging wealth the middle class is hemorrhaging wealth and you you try to fix it without stopping that hemorrhaging of wealth”
“Now, if you do not get that wealth back, you have no choice but to shut the welfare state down.”
“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.”
“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”
“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”
“In the absence of taxation of the rich, the middle class will inevitably be eaten next.”
“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”
“either you tax the rich, or you don't get the growth”
“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?"”
“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”
“So for me if the wealth tax was possible I'm at a stage in my politics where I would actually support it.”
“If you don't tax the rich living standards will keep falling”
“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 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 ”
“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 ”
“um they have the capacity to um they have the capacity to bring money uh desperately needed money into the UK government coffers”
“Okay, all right, fine. Wealth taxes have in some cases been designed badly. This is true. Work with me to design the wealth tax well, then.”
“But there are two ways to look at that experience. You can say, "Well, we've tried in the past. It didn't work. Hence, it will never work." End of story. We can”
“I don't think it's right me just sitting here making money on the world being terrible”
“someone who makes a living from developing properties you know doing them up and then selling them at a profit what is that doing to the market”
“once rich people have a lot of cash they can invest that … they will speculate, do all those things, and that money will then return more money to them”
“rich people very rich families would know that they can't simply sit on huge amounts of wealth and grow it over time they have to sell that which means that wea”
“I want people who work hard to make money. Unequal societies are not meritocracy. They are societies in which people from rich families get all the assets.”
“there's not a lot of places in the world other than sort of the football pitch where a kid like me from nowhere can come in and compete with all of these multi-”
“if the ordinary workers are struggling and I think we're going to see that definitely going forward this furlough scheme ends this month in terms of the first t”
“it leads to low wages unaffordable housing lower living conditions and that's what i think happens if you have very high inequality”
“ordinary people are sitting home trying to work but works not working for them right they can't make any money and they're just seeing the wealthiest people the”
“here's an economy where the ordinary worker is losing their jobs worker is losing their jobs worker is losing their jobs losing their income and yet stock price”
“because millions of people stuck at home here and also in the us can't work can't make an income and the stock markets have just been exploding right”
“all this money that was getting poured into this money that was getting poured into the economy it wasn't going to ordinary the economy it wasn't going to ordin”
“what this means is everything the government did last year the furlough scheme eat out to help out support for self-employed people businesses every single poun”
“after already having seen inequality increasing so much in the last 10 years now with covert that's really going into superdrive”
“when we look at what's happening to costs for ordinary people happening to costs for ordinary people happening to costs for ordinary people increases in increas”
“ordinary people's wages are not keeping up with cost of living house prices are doubling food prices going up bills are going up ordinary people are being conti”
“big increase in house prices big increase in inflation and a massive falling standard of living so do the qe accept that it's going to cause a massive increase ”
“homelessness is increasing differently especially under the conservative government with austerity and stuff like that”
“we live in a country where ordinary families are getting poorer generation after generation”
“we're seeing an economy which deals with crisis by punishing ordinary working families and really rewarding the rich”
“now suddenly we have a crisis that massively increases inequality and it's going to get worse”
“if you are going to have the largest and quickest ever increase in wealth inequality then that will be associated with the largest and quickest ever decrease in”
“inflation will come down but inequality will not come down and what that means is inequality will be left permanently higher which will mean that ordinary peopl”
“there are more food banks than there are more food banks than McDonald's in the McDonald's in the McDonald's in the UK”
“the government caused a £450 billion problem of inequality that money went to the rich and now they're trying to fix it with just £15 billion pounds - 30 times ”
“simultaneously living standards of ordinary people are really falling quickly but living standards of the rich are rising really quickly”
“the fall in living standards is is connected to and ultimately caused by the increasing inequality and understanding that when inequality increases that hurts o”
“if you allow inequality to increase especially if you're allowed to increase massively like it has done in the last few years they're living standards for ordin”
“at the same time living stand is decreasing”
“the billionaires are taking everything and that's why you can't afford to eat you know what I mean that's the truth”
“you'll see massive increases in debt you'll see decrease in living standards you'll see sort of the sort of slummization of London”
“living standards will fall because if Ordinary People Are Made poorer then they can't spend as much stuff that drives the economy down because there's less spen”
“what is happening now in terms of the rapid decrease in living standards the rapid increase inequality very similar to the 1920s and 1930s”
“in terms of the rapid decrease in living terms of the rapid decrease in living terms of the rapid decrease in living standards the rapid increase inequality”
“our middle class will shrink living standards will shrink will shrink living standards will shrink and the economy will continue to fail”
“who gives a f*** if GDP is going up if life is getting worse and worse for the majority of the people, it doesn't f***in matter does it?”
“the speed at which living standards are falling have fallen in the last 2-3 years it's massive and I don't think they'll keep falling at that speed but from her”
“the increase in inequality caused by COVID policy and the decrease in the value of currency caused by COVID policy have allowed a massive decrease in real wages”
“we can see poverty growing we can see living standards falling and that is inevitably what will happen if you have growing inequality slowly dying middle class ”
“result is prices will will stay high result is prices will will stay high result is prices will will stay high they won't come back down they won't come back do”
“inequality has increased and you are seeing that fall in living standards for ordinary people.”
“GDP is rising and people's lives are GDP is rising and people's lives are GDP is rising and people's lives are getting worse 100 you can have that”
“The Ordinary People of the country who are struggling and making it increasingly impossible for ordinary families just to live their lives”
“when you look at how significantly living standards have fallen in the last three years it's not going to keep happening at that speed but I guarantee you, I gu”
“the 10-15 years since 2009 have seen some of the biggest and fastest falls in living standards for ordinary people in the history of the country in peacetime”
“if you don't fix inequality, the economy will collapse and living standards will collapse”
“that means less spending power in the that means less spending power in the economy that means lower wages that economy that means lower wages that means poorer”
“If you pause the economy and rapidly increase inequality when you unpause the economy is inevitable, you will see a significant fall in living standards.”
“if you don't stop that living standards will decrease right”
“Living standards stay terrible, and I think they will get worse. But asset prices and house prices will start to increase. And that could be very divisive in ou”
“your kids living standards will be your kids living standards will be your kids living standards will be significantly worse than yours”
“And yet if you look at most individuals, you will find that over time they do tend to get richer over time. And that is because in most careers you get salary r”
“We literally caused inequality to increase at the fastest rate in the history of the country during a time when the economy was literally closed. And we were su”
“I start thinking, okay, well, almost all the ordinary people are losing their assets, going into debt, governments are losing their assets, are going into debt.”
“look at what shops are closing down what's opening up look at the homeless people is there more is there less that's the economy is the [ __ ] real world econom”
“massively increase and living standards massively decrease”
“if the fundamental problem in the British economy or even the global economy is a lack of productivity productivity why is wealth of the richest people in the c”
“this country we're shutting down the welfare state we're shutting down the welfare state we're shutting down the welfare state we're shutting down the healthare”
“we've seen government debt explode we've seen living standards collapse for all no working people at the same time the biggest and fastest ever increase in the ”
“we've seen government debt explode we've seen living standards explode we've seen living standards collapse for all no working people at collapse for all no wor”
“If you were to take this money to burn it, you would increase living standards. And the reason for this is, if you were to do this really significantly, tax the”
“falling living standards will be the dominant political issue of the next the dominant political issue of the next the dominant political issue of the next 10 y”
“it is the only way to prevent the collapse of Western living standards”
“The rich are getting richer and richer and richer and richer. Ordinary living standards are collapsing.”
“look at like the youth home ownership is collapsing right those houses are not disappearing look at government debt it's going through the roof”
“your houses are under attack your living stands are under attack your living stands are under attack your living stands are under attack”
“I still remain convinced that this money given out during COVID is what's driven the fall in living standards.”
“So you can see straight away they're in a bad situation, right? Because you have a world, loads of people need to work. There's very few potential customers, an”
“continually promise growth and all they continually promise growth and all they continually promise growth and all they deliver is falling living standards”
“And, because this inequality problem is not being fixed, it inevitable that the economic problems and the living standards problems will keep getting worse and ”
“if there's no action on inequality that their lives are going to get worse and get worse and get worse”
“the middle class is accumulating these massive mortgage debts and student debts especially in the US and the government is accumulating these massive government”
“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 ”
“in a world where the economy has gotten massively worse and will continue to get worse, and living standards will continue to get worse for ordinary people, and”
“If inequality keeps increasing and keeps increasing and keeps increasing, living standards will get worse and worse and worse and worse. It will be extremely de”
“when inequality grows quickly living standards for the rich increase and living standards for for the poor fult”
“my dad is born in 57 who work for really my dad is born in 57 who work for really my dad is born in 57 who work for the Post Office Royal male 35 years [00:20] ”
“Families spending more on their income, losing their assets, going into debt. Governments losing their income... spending more than their income, losing assets,”
“increasingly the average person in this country struggles to simultaneously feed their kids and turn the heating on”
“followed by a collapse in living followed by a collapse in living followed by a collapse in living standards of the middle class”
“I think that living standards will continue to decline. I think that Labour and Keir Starmer will become increasingly unpopular because of that”
“the reason for falling living standards is growing wealth inequality government and the middle class are being squeezed out that inequality is continuing to gro”
“living standards are falling quite quickly people's children and grandchildren are and will be much poorer than than they are or they were and that is scary”
“a big part of the reason why people, especially young people, are having mental health problems, is because it's increasingly impossible just be able to afford ”
“the way that those two crises were managed has led to falling living standards”
“growing inequality of wealth is destroying living standards. If you don't do anything about the billionaires, your kids will be poor.”
“who see their living standards falling.”
“At the time, people were very unhappy because living stands were falling, the economy was weak. And what Jeremy Hunt said was, "We know that living standards ar”
“Living standards are falling. And what does one of the most prominent economic journalists in the country have to say about that? That these guys are perfectly ”
“I've been kind of convinced in my predictions of the future that living standards, um, and politics will get worse. And unfortunately, throughout the course of ”
“So, basically, this crisis is going to hit the poorest the hardest um and it's going to have the the most obvious impact, it's going to be more expensive for yo”
“inequality is not being talked about enough and that's making our predictions wrong and it's making living standards fall”
“But I think what history also shows us is that it can go both ways. You know, it can go both ways. You know, it can make living standards much worse.”
“if you want to stop the collapse in living standards.”
“we are expecting to see like a pretty significant collapse in living standards all around the Western world. Well, not just the Western world, the entire world.”
“Living standards have been falling and have fallen quite a long way for nearly 20 years now here in the UK and across the Western world.”
“The reason your living standards are falling is because of growing inequality.”
“So, we're in the midst of both a long-term and a short-term economic crisis of cost of living here in the UK and across the world. living standards have fallen ”
“however since the early 1990s we haven't seen an increase in income inequality so that's quite a misleading narrative that is pushed into the public domain and ”
Raised as a counter-argument to rebut. “these models these models these models is that the vast vast majority of the is that the vast vast majority of the is that the vast vast majority of the models ”
Raised as a counter-argument to rebut. “one of the big simplifications is that there is no inequality in the model. In fact, it's more than just that there is no inequality in the model. There is only”
“So you think it's gonna lead to higher inequality? Yeah, exactly, yeah.”
Raised as a counter-argument to rebut. “There's a there's an article in Fox Business uh saying AI is going to drive substantially reduce wage inequality and drive up wages for lowwage workers.”
“it is going to end social mobility in this country”
“if you hit kids with that every single day every single day every single day you can't be surprised when they get addicted to online training or maybe they turn”
“we've created a generation of young men who have had wealth and financial success shove down their throats for their whole childhoods and have no legitimate mea”
“If you don't fix wealth inequality then we have bad education, bad healthcare, bad welfare state”
“if we don't find a way to tax them then they will increasingly own more and more and more of the wealth in this country and in the world and this planet and tha”
“The only way we can protect the financial position of ordinary families in this country is by coming together”
“if your economy dies my economy dies too and my community my friends and my family their future their hopes and dreams they are dying as well”
“you cannot be surprised when these people turn to crime and these people turn to dangerous means of getting it if the best people were in the best jobs then the”
Raised as a counter-argument to rebut. “these conspiracies drive division they drive people apart and they force people into sort of panicked modes of thinking look - its 70-80-90% of the country gett”
“if we allow young people to get angry and to hate the old then that will become a division which prevents all of the ordinary people of this country from coming”
“if we allow that to become a division and especially if we become a division and especially if we become a division and especially if we allow likes to some deg”
“it's bad for democracies it destabilizes democracies it's not healthy for societies to be drastically unequal”
“where does that leave my family where does that leave my community and um you know we're going to talk about different ways that that could be addressed”
“when times are really really bad that's an opportunity to bring people together”
“everyone had housing education and Healthcare right and food all right that was so people saw during World War II that okay we can devote our entire economy to ”
Raised as a counter-argument to rebut. “I worry that things will probably go go that way with increase with increased division increase and the media becoming more aggressive and sort of trying to bui”
“if you support a system which is driving tens of millions of people into poverty you can be as rich as you like but you need to support this message because if ”
“what they want is to create division amongst ordinary Ordinary working-class People because if people in the private sector are hating people in the public sect”
“if you allow this thing to grow if you allow this thing to grow unchecked it will destroy everything it unchecked it will destroy everything it unchecked it wil”
“if you are feeling like you are poor and other people around you are rich that is not your fault not your fault you have been given a system where it is impossi”
“the thing which one of the things which most upsets me about the inequality that we live in is I think that we are now more and more creating a society whereas ”
“if you don't have a middle class society you have a rich and poor society and if you don't have a middle class society you don't need middle class housing what ”
“The government has gone into debt. The rich have accumulated huge amount of money that has led to a massive increase in inequality.”
“And those are things which are possible if we deal with the wealth inequality and which will not be possible if we don't. So, yes, support the channel, promote ”
“it's in nobody's interest to massively destabilise society like what we are doing, you know last time this happened last time we saw this massive increase in in”
“I do this YouTube channel for free because I don't want society to collapse”
“unless we can create a positive alternative which says let's distribute wealth better, let's increased living standards, we're probably likely to move towards t”
“if you do not fix inequality demanded it if you do not fix inequality demanded it if you do not fix inequality youring kids lives will be sh”
“So we need to realise there's a systemic problem that is that is f*cking our young people. And that means that they will be poor and it's not their fault.”
“think what will it mean for our society and for our political situation if house prices go up loads I think it's going to be unbelievably divisive”
“if you can convince ordinary young people to focus only on their specific bank balances whilst the game is rigged so that it's very easy for the rich to rob the”
“the only Power that ordinary people the only Power that ordinary people really have in response is taxation”
“For me, tax, whilst revenue raising is a factor, tax is primarily about protecting ordinary people from the rich and stopping wealth transfer from ordinary peop”
“So the first big difference you have between a more equal society and an unequal society is that the unequal society as a whole cares less about spending and ca”
“that means working together that only works if you guys don't hate each other”
“because it's awful going to be so socially divisive because a lot of homeowners will be happy and a lot of non-home owners includes a lot of young people”
“Very rich and very... very rich and very powerful people are going to be trying to drive us apart and to make us unstable and to make us angry and to make us ha”
“I worry that all of this narrative, all of this like discussion about it, is driving people against each other and making people distrust each other. And for me”
“the only time we've ever really been able to provide decent living conditions for ordinary working people was the period after the war where we massively redist”
“I do not want this this country that I grew up in to fall into desperate poverty”
“Eventually, there is no wealth left other than that held by the rich, and the physical structure of your society changes such that it only supports consumption ”
“by pushing this further and further and further and taking more and more and more you are aggressively destabilising the economies and political systems of the ”
“by pushing this further and further and further and taking more and more and more, you are aggressively destabilizing the economies and political systems of the”
“But more importantly than that, this country will collapse into desperate, desperate poverty.”
“I think that we have the capacity as humans to both be selfish and care for ourselves and I think that you have to do that. you have if you don't care about loo”
“If we are a country that is too selfish, that it cannot find enough people to protect their collective interests, then most people will be bankrupted.”
“They're pushing for more in a way that is going to destroy the societies they live in.”
“If you if you don't want your country to collapse into poverty, you have to deal with this.”
“I think if the working people of this country are divided, that's only going to benefit the rich and uh ordinary families will get poorer and poorer. But if we'”
“I do worry that this growing division is going to tear our country apart and it's going to prevent people like me from from getting the change that I need.”
“The rich are also competing with you for are also competing with you for are also competing with you for essentially the ownership of your essentially the owner”
“If you guys are not able to aggressively find your common ground and unity, that division will tear this country apart and will destroy the living standards”
“it's about people realizing and this is my kind of classic go to that inspiration is not a reason to put somebody on a pedestal and go that person's gonna solve”
“This is your life, this is your kids, your grandkids. Can they buy a house? Can they afford a family? This is too serious to say, "I only like this guy, I only ”
“The key here is whether we stand together, whether we're divided. Um, there's one way this budget can go. The government's going to bring in like 25 different [”
“if you keep allowing the economic structure of your society to eat the people at the bottom of the society, eventually you will be the person being eaten. And w”
Raised as a counter-argument to rebut. “the other narrative is that tax is essentially synonymous with waste so tax is essentially waste”
Raised as a counter-argument to rebut. “whatever you do don't tax Rich because it's bad for you”
“People have confused money for real resources. And I think I think we live in an age where like money is kind of the new religion. And people confuse money for ”
“we need to start getting the richest we need to start getting the richest people to contribute to our system people to contribute to our system people to contri”
“do they tax the billionaires who made an enormous amount of crisis no they raised taxes two and a half percent on ordinary workers”
“rather than rising national insurance to all three people we could tax these guys and pay people to get vaccinated”
Raised as a counter-argument to rebut. “Rishi Sunak raised 2.5% on national insurance which means an extra 2.5% tax taken off of everbody's wages but not coincidentally billionaires like Rishi Sunak's”
Raised as a counter-argument to rebut. “instead of taxing millionaires and billionaires but in the meantime i'm going to have to assume that Rishi Sunak and the current government do not have your bes”
“the only assets left are the houses of the middle class”
Raised as a counter-argument to rebut. “the Central Bank has no option but to raise the interest rates you know if we I think an interesting thought experiment is to sit and think what if we reversed ”
“If you give all your resources away, you are left with two choices. Try and get your resources back, which in this case means finding ways to tax the super rich”
“let tax working people less your viewers less and let's text the billionaires more”
Raised as a counter-argument to rebut. “I wanna increase taxes and and increase the state which is mad because I've always made it totally totally clear that I'm not trying to increase taxes I'm tryin”
“tax the rich more, tax working people less, tax wealth, not work.”
Raised as a counter-argument to rebut. “we're not trying to tax working people in fact we wanna reduce tax on working people we're trying to tax the billionaires the super super rich”
“the reason the middle class are being taxed is because the government is aggressively, stubbornly and stupidly unwilling to tax the rich.”
Raised as a counter-argument to rebut. “They're not going to go for popular taxes like the wealth tax, like taxes we support. They're probably going to go on taxes on the middle class. They might go o”
Raised as a counter-argument to rebut. “we cannot vote for you while you are so aggressively in opposition to the one economic and tax policy which could stop inequality from rising, which is wealth t”
Raised as a counter-argument to rebut. “Bezel says, "How about instead of that we we charge ordinary workers less tax money?" That doesn't solve the problem of of tax money.”
Raised as a counter-argument to rebut. “they want anything except wealth taxes.”
Raised as a counter-argument to rebut. “we shouldn't do wealth taxes, but we should do more inheritance taxes”
“In my opinion we need to find a ways the tax of truly rich in our society, by taxing wealth rather than just income.”
“for me i think one of the most important things when we deal with tackling the wealthy is that we develop a tax system that is able to tax wealth and not just i”
“the current tax system is not really set up to tax very well this non-work income”
“at the moment the very richest in our society often pay the lowest rates of tax you know it's famous some billionaires pay less than their cleaners”
“we need to reform the tax system so that it doesn't just tax the income of working people but also taxes the wealth of the super rich”
“the big problem here is that the money that you and me make from working gets taxed differently to the money that the super rich make from their wealth”
“the only way we can prevent an economic disaster here is to make sure we start taxing the rich”
“if we try and rely on philanthropy to fix our broken economy rather than a fair tax system that works it's certainly not going to work”
“when i talk about reducing wealth inequality it's not just about making society fairer it's about making the economy work for ordinary people”
“these people get huge amounts of cash flows from us ordinary people to them which they use to buy houses that our kids need and often they do it whilst paying a”
“change the tax system so that it's fair so that super rich pay their fair share of tax, more than the rest of us”
“chosen instead of taxing the billionaires they're going to tax ordinary working people”
“politicians that you need to do something about this because if you don't tax these people who are taking a huge chunk of our national income you end up doing t”
“it's a very strange design of tax, it's designed specifically so that rich people pay less than poor people in terms of a percentage of their overall income”
“when the billionaires have made so much money during a crisis when the country needs money instead of going to billionaires we go to ordinary sometimes low-paid”
“we need to um we need to um we need to um rethink the raising of national rethink the raising of national rethink the raising of national insurance and ordinary”
“I want an economy where if you work hard you make your money or if you work really hard you can be rich that's what I want”
“raising national insurance payments which is ordinary tax on people like you while the billionaires don't have to pay anything”
“how can that possibly be fair you know i mean this guy has made six thousand times as much money without getting out of bed and he hasn't paid any tax”
“how can you defend raising taxes specifically on working people and specifically excluding billionaires when working people are struggling from higher rents hig”
“at the moment we have a tax system which is very efficient at taxing ordinary working people but very inefficient attacks in the super rich often they end up pa”
“the chancellor who is a billionaire cutting tax on billionaires raising tax on ordinary people making billionaire wealth increase by more than it's ever increas”
“we need to go after really high wealth individuals and high wealth families because those are the guys that basically own everything and if we don't tax them th”
“tax wealth not work which is if we tax the rich more what that would enable us to do is to reduce your income tax or to reduce your vat”
“At the moment we have a tax system which is very very effective at taxing ordinary working people... but very wealthy people who get their income from wealth ra”
“we have a tax system which is very efficient at taxing ordinary working people but very inefficient at taxing the super rich”
“push for higher taxes on millionaires and billionaires and lower taxes on ordinary working people”
“we need to say we demand a decrease in wealth inequality and an increase in the holding of wealth by ordinary people”
“push for better wealth distribution and for a tax system that taxes billionaires on a higher rate than you pay your tax”
“when you hear energy prices going up i want you to understand this is a tax on the poorest in society poor and ordinary families are going to pay where as rich ”
“the moment these guys often pay you know less than 10 tax on their income and nothing on their wealth which is you know less than i paid you know less than most”
“he's cutting taxes on on the super rich and raising taxes on working people”
“if we do not unite ordinary people who do not come together as ordinary people and demand a fairer distribution of wealth and demand not only that the rich stop”
“the most important thing with any tax is that it hits the riches it has to hit the richest”
“they're taxing me on unemployment they're taxing me at every corner i get but you have a man that's a billionaire and all of them are being this and they're not”
“the only way to fix that is is to is to tax the rich because when you increase inequality you improve living standards of the rich and you decrease living stand”
“raising taxes national insurance which raising taxes national insurance which is a tax only on workers which excludes is a tax only on workers which excludes th”
“if the rich don't pay taxes affect the rest of us you know and I think it's important to realize you know public services will still have to be provided and if ”
“what they've done is they've cut taxes what they've done is they've cut taxes what they've done is they've cut taxes on billionaires and raised taxes on you on ”
“people from poor and ordinary backgrounds who earn decent amounts of money pay very high tax but people from very very rich backgrounds can earn unbelievable cr”
“if we tax them back we can make your life better and if we don't unfortunately everybody's life is going to get worse except for the super rich are richer than ”
“broken economies need to be fixed with taxes you know you need to be taxing money out from the wealthy people from the wealthiest to give it to everyone else be”
“the only way to stop this and move to a better outcome of better living conditions conditions conditions better affordability of living better better affordabil”
“make sure people understand this is not about taxing ordinary working people it's not about taxing doctors or lawyers or possibly even bankers this is about goi”
“my friend is paying 50 because he's from a poor family and that personally buys that house is paying zero percent on their income because they're from a better ”
“I've been really trying to lobby politicians, very unsuccessfully, to start taxing wealth, tax working people less on their income and tax wealth more”
Raised as a counter-argument to rebut. “the end result is you have a tax system which looks Progressive for ordinary people because you're only comparing yourself to people around you who are ordinary”
“it's not really simply a question of do you want High tax or do you want Low tax it's a question of do you want an economy where the rich get richer and ordinar”
“I want these guys to do a poll group and have everybody say to them I don't give a [ __ ] unless you fix what's inequality”
“the rich who have just seen the biggest and fastest ever increase in wealth but instead to raise your taxes to cut your pay and to cut your public services”
“greater taxation of wealth rather than income, focus taxation on the rich”
“you should equate capital gains with income tax there's no reason why the wealthy Pay Less on that on that rate”
“what you'll see is a massive increase in quality of life of the rich & a massive decrease in quality of life in the poor”
“at the moment we have a system where if you come from an ordinary background and you get a great job and you make a lot of money you pay a ton of tax whereas Th”
“if we cause the inflation by giving money to the rich then the way to fix it is to take money from the rich”
“who should pay for it? the group of people who've seen the biggest and fastest ever increase in their wealth and their living standards in the history of the co”
“what we really have is a tax system which is fair on poor people but doesn't tax rich people at all”
“at the moment hard-working people are paying too much tax Super Rich are not paying enough”
“The only way to stop that is to tax rich people more aggressively so that ordinary people can have a fairer share of what we're producing in our societies.”
“The only way to do that is by making rich people pay their fair share instead of taxing everybody who's working hard for their money.”
“We need to shift the tax system away from taxing working people and towards taxing these small amounts of individuals who increasingly own everything in our cou”
“If we tax the wealth back from the people who are taking your wealth, we can use that to give you the things you need, which you will otherwise have to sell you”
“Tax for me is about defending ordinary families from the growing power and wealth of the rich. It's about getting wealth back into the hands of ordinary people”
“we had that because we had very high rates attack on wealthier people”
“And the way to do that is to take purchasing power away from the rich, put it in the hands of ordinary people. And the way to achieve that is to tax the rich mo”
“tax the rich more tax you less move us back into an economy where ordinary people like my parents like your parents can Achieve Financial Security and even weal”
“we have a tax system that makes you pay 40% and makes Elon Musk pay nothing”
“The only way to stop it is to change the tax system. We currently have a tax system which charges you an ordinary working people like you 30, 40, 50% and charge”
“The only way to get wealth into your hands is to significantly increase taxation on the rich, because they've got it, and they're not going to give it to you an”
“They're not paying taxes. You're paying taxes. That's an unfair system. Raise their taxes. Cut your taxes. Protect your kids from their kids. Allow ordinary fam”
“Rishi Sunak doesn't pay 25% taxes. He pays virtually 0% taxes because Rishi Sunak’s family income is not £2 million a year. It's hundreds of millions of pounds ”
“If we increase taxation on the super rich, we can reduce your taxes. So at the moment we have a tax system which taxes working people at a very high rate.”
“ordinary people fought for a fairer settlement a fair distribution of wealth and they got it”
“what we need is a fairer tax system that taxes the rich more and taxes working people less.”
“I want to tax rich people, right. The rich are getting richer and richer and richer and richer. Ordinary living standards are collapsing. I want to tax rich peo”
“In my opinion, we need to find ways to tax the truly rich in our society by taxing wealth rather than just income.”
“What I want is an economy where very rich people pay their fair share of tax instead of all of the tax burden landing on ordinary working people like you or you”
“what we actually have is a tax system what we actually have is a tax system which is Progressive for ordinary people which is Progressive for ordinary people wh”
“I think a sensible billionaire would accept that if they stop inequality from increasing, we can stabilise this fall in living standards. And they can protect t”
“I paid 50 60% a year tax at the same time juk of Westminster inherits 10 billion pounds more than 3,000 times what I made pays nothing do you think that's fair ”
“The only way to fix this is to change the tax system, to stop taxing ordinary people so much, and tax the super rich more.”
“country where taxing the rich at a fair country where taxing the rich at a fair country where taxing the rich at a fair rate led to good living standards for ra”
“The only way to protect your families from poverty is to get the wealth back from the very rich. That means fixing a broken tax system which taxes you at higher”
“ordinary families that means taxing working people less and rich people more working people less and rich people more working people less and rich people more t”
“I want to achieve a fairer tax system which taxes the very rich more and taxes ordinary working people less.”
“rebalance the tax system so that the richest pay their fair share and Ordinary People pay less tax wealth not work”
“we have a tax system which taxes ordinary working people 30 40 50 60% while people like the Duke of Westminster can inherit 10 billion and nothing”
“We're campaigning on this channel to tax wealth, not work.”
“It's all about stopping the economy from getting worse. It's about taxing wealth and not work.”
“we need to tax wealth not work really aggressively into the public conversation”
“we are getting closer and closer to actually getting some kind of implementation of a fairer tax system here in the UK”
“We currently have a tax system which taxes ordinary working people 30 40 50% while billionaires like the juke of Westminster inherit 10 billion pounds and pay n”
“the way to deal with that is to tax the rich more to tax working people less that is why we campaign here to tax wealth not work support us send this video to y”
“support a fairer taxation system, think that the super rich should get... should pay tax at least the same rates as the rest of us.”
“When I say tax the rich. When I say tax wealth not work I am doing that not just to protect working people but also to protect the middle class.”
“If you do not deal with growing inequality, your society will collapse.”
“Tax wealth, not work.”
“dealing with inequality, dealing with an dealing with inequality, dealing with an dealing with inequality, dealing with an unfair taxation system.”
“The only way to protect your futures, your way to protect your futures, your wealth, is to tax wealth and not work.”
“You want to be saying, "We're going to raise taxes on the super rich so that we can cut tax on workers." That will boost your economy. That will make you popula”
“we have a tax system that says those at the top pay an effective tax rate less than half of that of the average New Zealander”
“the only way to fix that is to fix an unfair tax system”
“campaigning to raise taxes on the very rich, not on working people.”
“So, if you want to protect yourself from this economic crisis, from future economic crises, you need to be forcing your government to be building a tax system w”
“I'm not asking you to give us wealth taxes now. I'm not saying I want a wealth tax tomorrow. I know this is not something that we can immediately implement. So,”
“Tax wealth not work and sign up to vote.”
“if we tax the rich more fairly.”
“to build a fairer tax system, which taxes wealth, very wealthy people more and taxes work, tax working people less.”
“is we can stop these things from developing if only we create a tax system which taxes rich people more fairly, which taxes wealth more and taxes work less, whi”
“the super rich pay much less tax relative to their income than the rest of the population. And we'll come back to that. But once you've found problems I think i”
“Tax wealth not worked.”
“It is vital to tip the balance of taxation away from work towards wealth.”
“Wealth taxes because they tax your stock of wealth rather than just your income every year. They effectively get around this problem that we have which is very ”
“i earnt a lot of money in a short amount of time and i paid 50% tax on everything i made ... whereas at the same time the Duke of Westminster earnt inherited i ”
“the idea which is most likely to do something at the moment is the wealth tax because this is an idea instead of taxing workers you just attack super wealthy fa”
Raised as a counter-argument to rebut. "The thing I hear sometimes when I do interviews is that the richest 1% already pay 28% of tax — now this is very misleading, [because] it is actually not the 'richest' 1% of people, it is the top 1% of taxpayers."
“politicians always say we're going to close the loopholes … and yeah the loopholes never seem to get closed right”
“we have a tax system which is very efficient attacking ordinary working people but very inefficient attacks in the super rich”
“we have a tax system which is very efficient at taxing ordinary working people but very inefficient at taxing the super rich”
“we have a tax system which is very efficient at taxing ordinary working people but very inefficient at taxing the super rich”
“We have a tax system which is very efficient at taxing ordinary working people but very inefficient at taxing the super rich”
“he's raised taxes by two and a half percent on you and your wages and he's done it in such a way that it specifically excludes the incomes of billionaires”
“We have a tax system which is very efficient attacking ordinary working people but very inefficient attacks in the super rich”
“the whole billionaire class is doing this the whole billionaire classes is paying very very little tax especially as a percentage of their income right”
“we currently have a system where we're already taxing earners but we're not actually taxing these very wealthy families in many cases at all”
“the tax system as it is is not really designed to tax people whose wealth comes from... whose income comes from wealth”
“massive decreases in the effective tax rates of the very rich in the 80's under the Thatcher government here in the UK and the Reagan government in the 80's (*U”
“if you don't tax rich people living standards collapse for ordinary people”
“it's very unlikely Labour are going to do anything significant on inequality or wealth tax or tax on the super rich.”
“an International Super Rich Elite who an International Super Rich Elite who an International Super Rich Elite who pay no tax while the people watching pay no ta”
“we are an outlier in the OECD as the only country in the OECD that doesn't have a form of wealth tax, inheritance tax or even a capital gains tax or stamp duty ”
“So then you get these big floods, you get these big floods of people from the north of England to places like the south east.”
“when you give a lot of money to a very poor person you completely separate them from everyone they grew up with”
“we're experiencing the brain drain … a lot of my mates were leaving the country for greener pastures, for lower cost of living, for better job opportunities”
“if confidence is low the chances are that money is going to be saved it's going to be put into assets like housing like stocks”
“work isn't working for me I'm not making any money and the super rich are just getting super rich on the stock markets and they want to get involved”
“people have realized that even just to achieve your basic goals it's not working work isn't working so they've tried to get together and they've tried to rebala”
“if you create a world where work doesn't work and wild gambling seems to be able to make you money and it only seems to go to rich people to rich people of cour”
“this mad situation where ordinary people are sitting at home are sitting at home are sitting at home they can't even work a job you know they can't even work a ”
“we've reached a situation where work doesn't work you know my background is i come from quite a poor background but i made a lot of money in the city essentiall”
“you've grown up and you've seen how hard some people are working some people are working some people are working to make so little one to struggle and to make s”
“stock prices go up even though wages never seem to go up so ordinary people they want to get involved in this more and more people”
“no matter how hard I work am I ever going to get a house you know and I felt like that when I was a kid”
“I was doing everything I could I was working a paper round and I was 15. what else could I do? you know what I mean? waking up 6:45 every day for £12 a week”
“if you give money to ordinary people they're going to spend it that's going to go back into the economy that's going to drive wages up if you give it to the sup”
“falling apart and wages are stagnant and asset prices are exploding and you think well that's where the action is that's for a lot of people that's the only way”
“if you're from a poorer background nowadays you need everything you need to work hard for sure you need to be smart for sure but the fact is you need a bit of l”
“if you're allowing these billionaires to have 12 billion pounds pay no tax keep all the income from it pay no tax you can't be surprised that when you or your k”
“the truth is the way things are set up right now it's not a reliable way out and um everything you do every way you try to make money by for example you know be”
“these newspapers give a misleading idea that if you just worked a little harder you just saved a little more you can get a property but the reality if you look ”
“if you do have a lot of money sitting in cash maybe you're saving up a deposit to buy a house or something um if you can get that house soon get it because you'”
“if you allow the rich to own everything then the rest of us who are not rich will never be able to get anything”
“I don't think it's a coincidence that now we've stopped taxing wealth and we've moved to a situation where the rich are getting richer and richer and richer the”
“these kind of artistic creative jobs are basically not options for people from poor backgrounds”
“I know we've created a country here where ordinary hard-working young men and women can work every hour of the week and save up every penny and still not even b”
“doing the sensible thing doesn't work you know but who else made money after 2008 in the last 20 years people who like wildly over leveraged and bought like 25 ”
“what happens to an economy where all the money flows to the richest and nothing is left for the rest well i'll tell you what happens that economy dies”
“you make 30 grand a year you give all of it to the rich people so you have nothing to save they make 6 million pounds a year it's obvious they're going to accum”
“you have to do unpaid internships only rich people can afford these jobs so we end up with media full of rich idiots government full of rich idiots universities”
“continually driving down wages and making the working class in this country poorer year on year on year while the rich get richer and dividends are accelerated ”
“if you if you guarantee that all of the assets belonging to the rich will stay belonging to the those people's kids you also guarantee that young people from po”
“we've developed a system where we basically funnel kids from rich families into private schools and elite jobs without ever really stopping to ask are these guy”
“you are competing with these people who don't have to pay mortgages which will make it much more difficult for ordinary people to buy houses”
“websites like this are taking advantage of a situation where it's increasingly very very difficult for ordinary people to make any decent money or even to get F”
“the game is is being rigged such that you and and the middle classes are basically being Rob blind”
“What that means is you're losing a wealth, government's losing a wealth, and you are losing your passive income, and you end up in kind of this situation of the”
“So you get this kind of crystallisation of the class system, it becomes impossible to work your way up.”
“permanent Financial insecurity Financial insecurity for their kids and for their grandkids these will be if they kids grandkids these will be if they kids these”
“It's very shortsighted to think that you are winning when house prices go up just because you are keeping your house, when everyone around you, your class, peop”
“The rich owning a shit ton is itself a problem. Because if the rich owned a s**t ton of stocks and shares as opposed to ordinary families, they generate s**t on”
“The vast majority of people just said, well, I don't spend any money because I don't have any more money. Most people were basically, you know, money in, money ”
“The rapid compound interest growth of the very rich is driving your family out of the ability to own assets. That means in the long run, not just your kids and ”
Raised as a counter-argument to rebut. “I'm sick of multi-millionaires telling kids who can't afford to turn the heating on you just need to be more entrepreneurial it's sick Dan it's sick”
“if you come from a poor background, it is very, very difficult to even be able to buy a home and afford a family.”
“If you have the wealth of the interest. If you have the wealth of the rich growing at 5% in an economy that's rich growing at 5% in an economy that's rich growi”
“falling living standards are linked to rapidly growing wealth inequality. Our political leaders are not doing anything about growing wealth inequality, which me”
“once you stop taxing rich people at high rates which we did in the 80s they start to generate an enormous amount of income they start to buy up the assets they ”
“is basically saying look we've done the work we've shown you how you can do it we've shown you how it can work”
“We don't need them to say, "Look, we're going to do wealth taxes today." Just say, "We are going to get a team of economists to research the design, the feasibi”
“Gabriel Zucman who is an inequality economist. He's been working on this for, you know, 10, 20 years, who has a team of 35 people, they're in France, that is wo”
“Gabriel Zukman and his team in France are the best economists in the world on the planning and design of wealth taxes.”
Raised as a counter-argument to rebut. “the richest 1% already pay 28% of tax now this is very misleading”
Raised as a counter-argument to rebut. “the end result is you have a tax system which looks Progressive for ordinary people because you're only comparing yourself to people around you who are ordinary”
Raised as a counter-argument to rebut. “Jeremy Hunt is able to buy houses without paying stamp duty because he buys them 7 at a time & there's a special uh exclusion in stamp duty for anyone who buys ”
Raised as a counter-argument to rebut. “we live in a tax system which already taxes high earning individuals very highly it does not tax extremely wealthy families or individuals very highly at all”
Raised as a counter-argument to rebut. “We have the highest taxes ever at the same time as a disappearing welfare state. That is what happens when your government goes massively in debt to the super r”
“the difficulties in actually working out people's wealth and getting an agreement between the tax man and the individual can be really tough we saw it with mich”
Raised as a counter-argument to rebut. “taxing rich people is really really hard so we shouldn't do it I agree taxing rich people is is super super hard”