The case for taxing wealth, argument by argument.
This video explains why the UK government's rising borrowing costs, currently near 5%, are unsustainable despite historically higher rates. It argues that with current low economic growth and inflation, the debt-to-GDP ratio will increase, potentially forcing austerity measures. The video also compares the UK's borrowing rates to other European countries, highlighting its higher cost.
Mentions Liz Truss, Donald Trump
“The only way to defend your resources once you've given them away is to work on your taxation policy. And we should be in a situation now where we don't need to”
“If you give all your resources away, you are left with two choices. Try and get your resources back, which in this case means finding ways to tax the super rich”
“If the government is forced to do something very quickly, it's very unlikely that they have done the preparation for a wide variety of tax rises. They will prob”