DURATION: 12 MIN | DATE: NOVEMBER 13, 2022 | CATEGORY: WEALTH INEQUALITY
Ep 03 Tax the rich: Are the rich paying any tax?Â
Our tax system is set up to tax income, not wealth.Â
Notes & Key Takeaways
Taxing Wealth
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The push to tax people with over £10 million only 1% of their wealth has been unsuccessful, even though wealthy people make 3-5% income on their wealth anyway.Â
UK Tax
National Insurance is a form of income tax that only applies to working people. It is a national tax targeted at working people in addition to VAT, which is a tax on consumption.Â
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Community Discussion (12)
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John Anderson
The way wealth inequality was broken down in this episode is genuinely eye-opening. Gary has a talent for making macroeconomics feel personal and urgent.
Elena Rodriguez
Could someone clarify the source of the conflict metrics mentioned around the 12:45 mark? Zee's analysis is brilliant as always.
Marcus Chen
Sage Mode is exactly what I've been looking for. Finally, a platform that respects the learner's intelligence without gatekeeping essential concepts.