Comments by "" (@charliemoore2551) on "What does increasing wealth mean, Rachel Reeves?" video.

@jim-es8qk Utter rubbish. The housing stock is rapidly becoming dominated by private landlords with house prices moving out of the reach of ordinary people so those landlords are able to charge exorbitant rents. This leaves working class people with less disposable income. This, in turn, leads to depressed demand and lower wages.
4
@jeremykille4689 It's the opposite. It is Thatcherism that has proved to be the slippery slope.
2
@jeremykille4689 Not true. The wealthiest European countries also have the highest taxes. The countries declining the most quickly (eg, the UK) are those with the lowest taxes.
2
@jeremykille4689 Look at Sweden, Germany, The Netherlands, Denmark, Norway. They all have higher and, more importantly, more progressive taxes. Rich people aren't fleeing them. They've got the good sense to understand that less inequality means more wealth.
2
@kevinsyd2012 The UK has one of the most regressive tax systems in the world. Work and pensions are taxed at a higher rate than rent and arbitrage which is economically ruinous as well as being unfair. The poorest pay a much higher proportion of their income in tax than the freeloading rich who evade tax by hiding their money offshore or who avoid it with a myriad of dodgy tricks and schemes. In any case, their wealth was created by the working class and a progressive tax system is a fair way of re-distributing it.
2
It's unusual for someone with an accountancy background to understand the meaning of wealth in the economics sense rather than in financial terms. This is the difference between neoliberalism and real economics too.
1