The case for taxing wealth, argument by argument.
This video argues that the post-war period of broad prosperity for ordinary people in the UK and US was an historical anomaly, sustained by massive wealth redistribution and high taxes on the rich. It suggests that without such policies, a future of extreme wealth disparity, resembling most of history and many current nations, is inevitable.
Raised as a counter-argument to rebut. “And the industrialists industrialists? And the industrialists were saying, if you tax us, we'll throw our factories into the sea.”
“it was a period of time we protected a broadly equal wealth distribution and taxed the rich at very high rates.”
“the only time we've ever really been able to provide decent living conditions for ordinary working people was the period after the war where we massively redist”