Dave5

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You Could Have a Wealth Tax Raising a Few Billion or Major Reforms to Existing Taxes That Could Raise £100 Billion or More? Which Would You Prefer if You Wanted To Tackle Inequality?

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I like this reframing…I’ve never cared about people being wealthy. I’ve care about:

  • how they got wealthy and the system level costs of that “how”
  • the oversided power of that wealth
  • the ability for that wealth and power to cement over generations (coz money != smart and that has toxic downstream impacts. we need “smart” more than ever before).

But if you want to tax wealth, what is better, a few billion in many years’ time after a watered-down wealth tax is introduced, or reforms that could be done almost overnight now to existing laws that would undoubtedly raise more money?

You Could Have a Wealth Tax Raising a Few Billion or Major Reforms to Existing Taxes That Could Raise £100 Billion or More? Which Would You Prefer if You Wanted To Tackle Inequality?

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