If you want to own assets, we need to tax the rich more
May 07, 2025
Wealth InequalityEnough is EnoughTax Wealth Not WorkEconomics of CovidRich get RicherPoor get PoorerEconomics ExplainedTax the RichEnd AusterityBillionairePoverty
class wealth and and also disappearance
of<00:00:08.720> government<00:00:08.880> wealth.<00:00:09.200> That<00:00:09.280> is<00:00:09.360> what<00:00:09.519> will
of government wealth. That is what will
happen.<00:00:10.080> Really,<00:00:10.320> we<00:00:10.480> need<00:00:10.559> to<00:00:10.719> tax<00:00:10.880> these
happen. Really, we need to tax these
people<00:00:11.840> much<00:00:12.160> much<00:00:12.160> much<00:00:12.719> more.<00:00:12.960> I<00:00:13.200> think<00:00:13.280> we
people much much much more. I think we
need<00:00:13.519> to<00:00:13.679> be<00:00:13.759> looking<00:00:14.000> at<00:00:14.160> inheritance<00:00:14.719> tax<00:00:14.960> on
need to be looking at inheritance tax on
very<00:00:15.360> large<00:00:15.599> estates.<00:00:16.320> I<00:00:16.560> think<00:00:16.800> you<00:00:17.039> know
very large estates. I think you know
sometimes<00:00:17.840> when<00:00:18.080> I<00:00:18.320> say<00:00:18.560> things<00:00:18.720> like<00:00:18.880> that,
sometimes when I say things like that,
people<00:00:19.439> turn<00:00:19.600> around<00:00:19.760> and<00:00:20.000> say,<00:00:20.080> "Oh,<00:00:20.320> but
people turn around and say, "Oh, but
they<00:00:20.640> don't<00:00:20.720> have<00:00:20.800> the<00:00:20.960> money<00:00:21.039> in<00:00:21.279> cash.
They'll have to sell the assets."
If<00:00:25.760> all<00:00:26.000> of<00:00:26.080> the<00:00:26.240> assets<00:00:26.480> are<00:00:26.640> owned<00:00:26.800> by<00:00:26.960> the
If all of the assets are owned by the
rich<00:00:27.359> and<00:00:27.599> the<00:00:27.760> rich<00:00:28.000> never<00:00:28.240> sell<00:00:28.400> their
assets, then working people will never
get<00:00:30.080> assets.<00:00:30.480> It's<00:00:30.720> not<00:00:30.960> rocket<00:00:31.279> science.<00:00:31.760> You
get assets. It's not rocket science. You
need<00:00:32.160> the<00:00:32.320> rich<00:00:32.480> to<00:00:32.640> sell<00:00:32.800> that.<00:00:33.040> This<00:00:33.200> is
need the rich to sell that. This is
this.<00:00:33.920> How<00:00:34.160> else<00:00:34.320> do<00:00:34.399> you<00:00:34.480> get<00:00:34.640> your<00:00:34.800> assets
this. How else do you get your assets
back?<00:00:35.520> You<00:00:35.680> know,<00:00:36.000> and<00:00:36.160> I<00:00:36.320> know<00:00:36.559> people<00:00:36.880> say,
back? You know, and I know people say,
"Oh,<00:00:37.280> you<00:00:37.440> don't<00:00:37.520> live<00:00:37.600> in<00:00:37.760> a<00:00:37.840> zero<00:00:38.079> sum
economy. Build more. Build more. Build
more."<00:00:40.320> Every<00:00:40.559> government<00:00:40.960> for<00:00:41.360> 25<00:00:41.760> years<00:00:41.920> has
more." Every government for 25 years has
tried<00:00:42.399> that.<00:00:42.640> It<00:00:42.800> doesn't<00:00:43.040> work.<00:00:43.280> It<00:00:43.520> doesn't