The case for taxing wealth, argument by argument.
This video argues that the Bank of England's interest rate hikes, while addressing inflation caused by Covid-era wealth transfers to the rich, exacerbate inequality by increasing interest payments to the wealthy. It contends that only wealth taxation can truly fix the underlying economic damage.
Mentions Andrew Bailey
“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”
“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”
“the government essentially gave out £450 billion pounds of cash during Covid which is a truly truly enormous amount of money”
“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”