On BBC Question Time, 27 March 2025
Gary, a working class kid became a successful trader is now pointing out wealth inequality and trying to get people to save us from the super rich.
Because working people don’t have lobbyists.
Why are we taxing working people more than billionaires?
Submitted 3 weeks ago by lobut@lemmy.ca to videos@lemmy.world
https://youtube.com/shorts/891LWFGYMrY
Comments
shittydwarf@lemmy.dbzer0.com 3 weeks ago
Super obvious but billionaires decided who gets taxed what
Apocalypteroid@lemmy.world 3 weeks ago
This.
AFC1886VCC@reddthat.com 3 weeks ago
Gary’s a good egg.
gandalf_der_12te@discuss.tchncs.de 3 weeks ago
If you’re rich and invested in MSCI World ETF (stocks) 10 years ago, on Mar 28, 2015, the stocks exactly doubled (+ 107%) since then. That makes an average annual increase by 7.5%, considering how exponential growth works. (Formula is: (2.07^(1/10) - 1)*100%)
Source: www.finanzen.net/index/msci-world/charttool
This means that rich people’s assets literally proliferate by 7.5% annually, without lifting a finger. That means, it’s not their “hard earned fruits” or their “hard work”. They’re literally lazying around and their wealth increases by that amount.
I think it’s fair to tax that. Skim the unfair proliferation of wealth. Introduce a wealth tax, make billionaires pay 7.5% of their total wealth as an annual tax.
beeng@discuss.tchncs.de 3 weeks ago
You don’t have to be rich to invest in MSCI All world?
Or what’s your point here?
3dmvr@lemm.ee 3 weeks ago
Cant compete if you cant invest In private companies and sell the day they go public
ColeSloth@discuss.tchncs.de 3 weeks ago
Because fuck you.
danc4498@lemmy.world 2 weeks ago
Tax wealth, not work. I like that.
TachyonTele@lemm.ee 3 weeks ago
We are not the “We” in this videos title.
_stranger_@lemmy.world 3 weeks ago
Working people stopped working together. Unions used to fight for the masses but that all died when people started listening to conservative lies and giving them power. Right around the 1970’s.
HubertManne@piefed.social 3 weeks ago
It seems to me they stopped encouraging less hours of work and thus a larger membership for bookoo overtime. They should have been pushing for a 35 hour work week in the 70's.