@implausibleblog: Powerful interview with @garyseconomics on inequality, the need to change the system and a call for a wealth tax Gary Stevenson, "This is not a temporary recession. If we do not deal with this crisis, there will be worsening inequality. The super rich will get richer. The welfare state will shut down. Ordinary families can't buy a home" "We currently have a tax system which taxes ordinary people 30%, 40%, 50% while billionaires like the Duke of Westminster inherit £10 billion and pay nothing" "We need to change the tax system so we tax ordinary people like your viewers less and tax the rich and super rich more" Richard Madeley, "What kind of wealth tax would you introduce?" Gary Stevenson, "When I talk about a wealth tax, it's not about income, its not about work, it's not about bankers, lawyers, youtubers or TV presenters, it's about 2% on assets over £10 million" Charlotte Hawkins, "Countries tried wealth taxes, but scrapped them and millionaires are leaving the UK" Gary Stevenson, "This data about millionaires leaving is a bit dodgy" "People like me campaign to tax the rich. When it comes in the rich lobby the politicians and get loopholes put in" "I always remember when the Conservatives put a tax on second home buyers and they put an exemption for people who buy more than 7 at once. Then Jeremy Hunt went and bought 7" "I know it's difficult to tax the rich but if we don't do this our society will collapse"

Farrukh

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Tuesday 15 July 2025 10:08:32 GMT