The case for taxing wealth, argument by argument.
This video explores the global rise in wealth inequality, particularly during COVID-19, arguing government stimulus disproportionately benefited the rich. It features economist Gary Stevenson from London, who discusses why wealth inequality is worsening and examines the emerging consensus around implementing wealth taxes to fund public services.
Featuring David Shuster
Mentions Jeff Bezos, Elon Musk, Joe Biden
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 ”
“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”
“the most important thing with any tax is that it hits the riches it has to hit the richest”
“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”
“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”