The case for taxing wealth, argument by argument.
This video explains how the US and Israeli invasion of Iran and the resulting blockage of the Strait of Hormuz will cause a massive economic crisis. It details how this will lead to enormous increases in energy and food prices, and discusses the likelihood of central banks, including the Bank of England, raising interest rates.
Mentions Donald Trump, Thomas Piketty
“So, if you want to protect yourself from this economic crisis, from future economic crises, you need to be forcing your government to be building a tax system w”
“Basically, governments will be incentivized to keep the price of energy down. And this is a really bad policy.”
“But in a way that caused enormous negative side effects, namely a massive decrease in government wealth, a massive increase in the wealth of the richest, and ob”
“Working families have lost their assets. Governments have lost their assets. The middle class is losing its assets. This is a clear trend. If you do not reverse”
“So, basically, this crisis is going to hit the poorest the hardest um and it's going to have the the most obvious impact, it's going to be more expensive for yo”