The case for taxing wealth, argument by argument.
This video argues that taxing the wealthy is primarily a defensive measure, not just about revenue. It contends that wealth is being redistributed upwards, impoverishing the middle class and governments, and that higher taxes on the rich are essential to protect ordinary families' assets and prevent their children from owning nothing.
Raised as a counter-argument to rebut. “I'm not calling for redistribution. The redistribution is happening. I'm trying to stop the redistribution.”
“unless you're very rich, the assets you own now will not be owned by your kids and your grandkids. Those assets will pass to the very rich”
“when I talk about taxing the rich, people think that it's mainly about revenue raising. This is true. It's true.”
“For me, tax, whilst revenue raising is a factor, tax is primarily about protecting ordinary people from the rich and stopping wealth transfer from ordinary peop”