The case for taxing wealth, argument by argument.
This video argues that rising interest rates haven't caused a significant fall in UK house prices because the massive wealth accumulated by richer individuals during COVID-19, due to government spending, continues to drive asset prices up. It challenges the conventional economic wisdom that weak economies or high interest rates automatically lead to house price crashes.
Mentions Rishi Sunak
“this is not society getting richer, this is society getting poorer. Living standards for the masses all getting worse and will continue to get worse. That is a ”
“The only way to stop that is to tax rich people more aggressively so that ordinary people can have a fairer share of what we're producing in our societies.”
“The only way to stop that is to tax rich people more aggressively so that ordinary people can have a fairer share of what we're producing in our societies.”
“Living standards stay terrible, and I think they will get worse. But asset prices and house prices will start to increase. And that could be very divisive in ou”