video UK · 29 January 2021

COVID-19 & INEQUALITY: Why the rich are getting richer but the economy will NOT recover

A former Citibank trader argues that COVID-19 exacerbated wealth inequality, with the rich accumulating vast sums by reducing spending while government support schemes, funded by printed money rather than wealth taxes, further funnelled funds to the wealthy, hindering economic recovery.

By Gary Stevenson

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Arguments in this video

Easy to avoid Gary Stevenson · 04:18
“these are all taxed in different methods and are very easy to legally avoid under that current tax system”
Taxes wealth like work Gary Stevenson · 04:41
“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”
Curbs extreme inequality Gary Stevenson · 00:26
“because economists don't understand the importance of inequality”
Strengthens social cohesion Gary Stevenson · 03:19
“it is going to end social mobility in this country”