The case for taxing wealth, argument by argument.
This video argues that the UK's property-owning middle class is dying, not due to wealth taxes, but because the wealthy are increasingly buying up existing assets and lending money for mortgages in a low-growth economy. This transfers wealth from the middle class to the rich, leading to decreased property ownership and increased debt for ordinary people.
Mentions Rishi Sunak
“if you take two groups of people a large middle class and and a small rich elite and you constantly pump wealth from the middle class to the super rich elite an”
“the only way to fix that is the pump wealth back in the other direction and um we've called to it many times on this channel we need high tax on rich people It'”
“we can see poverty growing we can see living standards falling and that is inevitably what will happen if you have growing inequality slowly dying middle class ”
“if you don't have a middle class society you have a rich and poor society and if you don't have a middle class society you don't need middle class housing what ”