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UNLOCKED Betting Against the Future: the economics of inequality w/ Gary Stevenson

Macrodose

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Should We Tax Very Rich People?

I think you have to tax the rich on their wealth. But who's the rich then? I mean, what I normally campaign for is taxes on wealth of above £2 million. David Cameron made £10 million of a year of leaving office. How much is Tony Blair worth? £20 million. These guys are more taxable than anyone. And in my opinion, it's totally doable. We can send somebody to the moon. Of course we can tax rich people. The reason that we don't tax the rich is because we have a Prime Minister who's worth £700 million and his father was one of the richest men in the world. If you own Chelsea Football Club, you

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