The case for taxing wealth, argument by argument.
This video argues that ordinary families are losing their homes and wealth due to the increasing cost of end-of-life care, forcing them to sell assets. This wealth is then transferred to the rich, who accumulate more property and debt owed to them. The solution proposed is to tax the wealthy to fund social care, preventing ordinary families from needing to sell their homes.
“younger people nowadays live in a world where it's increasingly almost impossible to buy property without a big inheritance from your parents.”
“If we tax the wealth back from the people who are taking your wealth, we can use that to give you the things you need, which you will otherwise have to sell you”
“my grandparents, all of them own their own property, and they've all passed away now, and none of them were able to pass significant amounts of equity down beca”
“The reality of the situation is that ordinary families are getting poorer. They losing their wealth. So I want to explain explicitly how that is happening.”
“one alternative to this would be to tax very rich people who are seeing the biggest and fastest ever increases in their wealth in history, tax them more to pay ”