Comments by "" (@charliemoore2551) on "The rich don’t spend enough – and that means they shrink the economy" video.

  1. Where did you get that figure from? The OBR and IFS report that the top 10% of earners paid 60% of all income tax. But that's the only vaguely progressive tax we have. Most other taxes are regressive, with the burden falling on lower earners.
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  2. "Wealth Taxation does seem like a punishment for success." No. It's merely a rebalancing of the distortion in reward created by the market place.
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  3. If you are spending then you are not economically inactive. Remember, a pension is earned income.
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  4. They didn't cause inflation. "As we have already seen" my eye!
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  5. You mean the workers and consumers? Yes, it would. Taxing the rich would be a completely different matter.
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  6. Most of it is hoarded and anyway, the production of luxury goods is a tiny part of the economy.
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  7.  @williammcintyre-v6d  That still doesn't equate to the OBR and IFS figures, which you can easily google. It also doesn't take account of the fact that they are able to get part of their income as gains and hide money in trusts and overseas.
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