The case for taxing wealth, argument by argument.
This video argues that high UK taxes and declining public services stem not primarily from corruption, but from a significant, often overlooked, decrease in government wealth. It explains that governments, like individuals, once owned assets (hospitals, schools, housing) that reduced their operational costs. Now, being net debtors, they must pay rent and interest, requiring more tax revenue to deliver even diminished services.
Mentions Thomas Piketty
“Tax for me is about defending ordinary families from the growing power and wealth of the rich. It's about getting wealth back into the hands of ordinary people”
Raised as a counter-argument to rebut. “is basically that government is corrupt. Government is corrupt, so we’re paying loads of taxes. Government p*sses the taxes up the wall. You know, let's get rid”
“My worry is that when you have very high levels of inequality, what it means is you can't get basic essential needs like housing and health care and education.”
“The reason that governments are having to charge much higher levels of tax to provide much worse levels of service is quite simply because governments are much,”