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When has taxing the rich ever worked?

March 13, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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we<00:00:00.160> have<00:00:00.280> sat<00:00:00.520> here<00:00:00.640> in<00:00:00.760> the<00:00:00.880> last<00:00:01.079> 5<00:00:01.280> years

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we have sat here in the last 5 years

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we have sat here in the last 5 years we've<00:00:01.959> watched<00:00:02.200> the<00:00:02.360> biggest<00:00:03.199> ever<00:00:03.600> increase

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we've watched the biggest ever increase

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we've watched the biggest ever increase in<00:00:04.240> millionaire<00:00:04.640> and<00:00:04.759> billionaire<00:00:05.160> wealth<00:00:05.520> in

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in millionaire and billionaire wealth in

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in millionaire and billionaire wealth in the<00:00:05.799> history<00:00:06.080> of<00:00:06.200> this<00:00:06.359> planet<00:00:06.960> immediately

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the history of this planet immediately

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the history of this planet immediately followed<00:00:07.839> by<00:00:08.200> a<00:00:08.360> collapse<00:00:08.719> in<00:00:08.920> living

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followed by a collapse in living

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followed by a collapse in living standards<00:00:09.719> of<00:00:09.840> the<00:00:09.920> middle<00:00:10.240> class<00:00:10.679> a<00:00:10.800> complete

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standards of the middle class a complete

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standards of the middle class a complete collapse<00:00:11.599> in<00:00:11.719> the<00:00:11.799> living<00:00:12.240> the<00:00:12.320> ability<00:00:12.599> of

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collapse in the living the ability of

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collapse in the living the ability of ordinary<00:00:13.000> people<00:00:13.160> to<00:00:13.240> own<00:00:13.480> assets<00:00:13.960> and

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ordinary people to own assets and

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ordinary people to own assets and nobody's<00:00:14.519> drawing

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nobody's drawing

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nobody's drawing the<00:00:16.440> question<00:00:17.000> can<00:00:17.119> you<00:00:17.320> point<00:00:17.560> to<00:00:17.840> a<00:00:18.240> country

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the question can you point to a country

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the question can you point to a country in<00:00:19.359> the<00:00:19.520> last<00:00:19.760> century<00:00:20.279> where

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in the last century where

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in the last century where socialism<00:00:22.800> has<00:00:22.960> worked<00:00:23.480> I<00:00:23.560> will<00:00:23.720> point<00:00:23.920> to<00:00:24.080> a

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socialism has worked I will point to a

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socialism has worked I will point to a country<00:00:24.800> where<00:00:25.080> taxing<00:00:25.439> the<00:00:25.560> rich<00:00:25.800> at<00:00:25.920> a<00:00:26.039> fair

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country where taxing the rich at a fair

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country where taxing the rich at a fair rate<00:00:26.560> led<00:00:26.760> to<00:00:26.960> good<00:00:27.119> living<00:00:27.359> standards<00:00:27.720> for

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rate led to good living standards for

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rate led to good living standards for working<00:00:28.160> people<00:00:28.560> United<00:00:28.880> States<00:00:29.199> 1955

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working people United States 1955

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working people United States 1955 I<00:00:31.080> am<00:00:31.279> trying<00:00:31.679> to<00:00:31.960> stop<00:00:32.200> the<00:00:32.480> redistribution<00:00:33.480> I

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I am trying to stop the redistribution I

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I am trying to stop the redistribution I am<00:00:33.719> trying<00:00:34.000> to<00:00:34.160> stop<00:00:34.399> the<00:00:34.480> redistribution

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am trying to stop the redistribution

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am trying to stop the redistribution that<00:00:35.399> is<00:00:35.559> happening<00:00:35.920> in<00:00:36.000> front<00:00:36.200> of<00:00:36.280> our<00:00:36.480> eyes

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that is happening in front of our eyes

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that is happening in front of our eyes the<00:00:37.200> American<00:00:37.559> middle<00:00:37.840> class<00:00:38.280> the<00:00:38.399> British

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the American middle class the British

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the American middle class the British middle<00:00:38.960> class<00:00:39.200> is<00:00:39.360> dying<00:00:39.960> their<00:00:40.120> wealth<00:00:40.360> is

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middle class is dying their wealth is

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middle class is dying their wealth is being<00:00:40.600> sucked<00:00:40.960> away<00:00:41.239> and<00:00:41.360> is<00:00:41.520> being<00:00:41.680> owned<00:00:42.079> by

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being sucked away and is being owned by

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being sucked away and is being owned by an<00:00:42.399> International<00:00:43.079> Super<00:00:43.399> Rich<00:00:43.640> Elite<00:00:44.000> who

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an International Super Rich Elite who

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an International Super Rich Elite who pay<00:00:44.360> no<00:00:44.559> tax<00:00:45.039> while<00:00:45.200> the<00:00:45.280> people<00:00:45.480> watching

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pay no tax while the people watching

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pay no tax while the people watching this<00:00:45.960> show<00:00:46.320> pay<00:00:46.520> 40%<00:00:47.360> 50%<00:00:48.239> while<00:00:48.559> billionaires

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this show pay 40% 50% while billionaires

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this show pay 40% 50% while billionaires pay<00:00:49.280> nothing