The case for taxing wealth, argument by argument.
This video features an interview with Gary Stevenson, a former trader turned wealth economist. He discusses his upbringing in a multicultural East London suburb, his early aptitude for maths, and how attending grammar school exposed him to different socioeconomic backgrounds, ultimately leading him into banking.
Mentions Jeff Bezos
“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'”
“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”
“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”
“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”
“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 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”