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Making Money

S5E1: Why this Budget must tax the rich - Labour MP, Liam Byrne

Oct 21, 2024
Liam Byrne, Labour MP for Birmingham Hodge Hill & Solihull North, is a prominent voice on wealth inequality and author of 'The Inequality of Wealth'. He passionately discusses the urgent need for a wealth tax to address economic disparities impacting young people and working-class individuals. Byrne critiques current government policies and emphasizes the necessity of radical reforms. He also highlights the overwhelming influence of money in politics and calls for better financial education to empower youth in navigating their financial futures.
57:35

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Quick takeaways

  • Wealth inequality has escalated dramatically, with only 8% of wealth owned by those aged 20 to 40, highlighting a generational crisis.
  • The influence of wealth in British politics compromises democratic integrity as substantial donations from the rich shape political agendas.

Deep dives

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