TV and radio debates about wealth taxes usually get derailed by fear mongering and terrible statistics – often from people who are paid to defend the ultra rich. What would an honest debate about wealth inequality and taxing the rich more actually look like?

LINKS

• My Channel4 Documentary here.
• The Big Issue edition here.
• My website that explains What is Wealth and Inequality here.
• Video series: What is Wealth? here.
• Johnny Harris 'Oligarchy' video here.
• My Gabriel Zucman interview here.
• My video when Trump came in here.
• Interview with Krishnan Guru-Murthy last year here.

CHAPTERS

(00:00) Intro

(03:33) How to discuss the wealth tax

(05:04) What is wealth?

(05:51) Is wealth inequality growing?

(13:30) How does inequality affect the economy?

(16:59) Should you care?

(22:02) Why the media is so frustrating

(24:28) Do we need a wealth tax?

(26:03) Why some people dislike wealth taxes

(28:14) How do you tax wealth more?

(34:06) What are the real problems with wealth taxes?

(36:35) We ALREADY value rich people’s assets

(38:35) Wealth taxes bad for innovation?

(39:40) It will take a long time to set up

(40:18) If you tax them they will leave

(43:11) Will foreign investment decline?

(45:49) UPDATE What is next for me and this channel?

Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x

The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.