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DURATION: 35 MIN | DATE: SEPTEMBER 29, 2022 | CATEGORY: WEALTH INEQUALITY
Ep 01 Tax the rich: The UK's budget disaster
What does Liz Truss's mini-budget disaster mean for the UK?
Notes & Key Takeaways
Money doesn't equal resources
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Money is the asset that we use to determine who gets the real assets. If the government takes £100 off your tax and takes £100,000 less tax from the rich, you will have more cash, but fewer real assets.
Money is relative
Money is a competitive resource. If you get a bit more money and the rich get a lot more money, you will become poorer. You will get less housing, less energy, less food, less health care, less of everything. That is the way money works.
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