The case for taxing wealth, argument by argument.
This video details a letter sent to Rishi Sunak by a group of millionaires advocating for increased taxes on the wealthy, not ordinary citizens. They argue that billionaire wealth significantly rose during Covid-19, while the government instead increased National Insurance, disproportionately impacting average earners.
Mentions Rishi Sunak, Jeremy Hunt, David Cameron, Jeff Bezos, Elon Musk, Mark Zuckerberg
“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”
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”
“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”
“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”
“if you don't do something about inequality the economy won't get better”
“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 ”
“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”
“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”