Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Do you care? That’s the political question for 2024" video.

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  23.  @christinavuyk2026  Austerity is a consequence, not a policy. So you think that taxing the billionaires will solve it. Well I totted up the numbers. The sunday times rich list has quite a lot of rich people on it. I excluded the people who are just here but their wealth is else where, don''t have UK nationality. Gopi Hinduja and family for example. You won't be able to tax them. I've included people who I know are British, but have wealth all overseas. The hedge fund lot. You have 220 bn in wealth to tax. What rate are you going to tax them at? They are forced to sell if its a high rate. To whom are they going to sell to? Some other rich person who you will imediately say, you are rich, hand over the wealth? It won't work. That's the tax side. Now for the reason. You need the money for something. There's that 30% gross profit margin of the state. That's right. They make a profit on their services. The reason they need that 30% margin is debts. That money is just going to go on the debts. So 16 trillion pounds of pension debts, increasing at 10%. So you need 1,600 bn a year just to stand still. You've got 220 bn as a one off by bankrupting them, if you can find a buyer, and if they stand still and allow it. They have options now to leave the UK. Branson's left. Dyson too, that awful plumber has gone. Even Harry Kane has gone. The core problem with your idea is that you don't understand the core underlying problem. Then along comes the people who have caused the mess, who demand your money, and they sell you a fairy story that if only you could tax the rich, or catch the leprechaun... So why don't you know about the pension debts?
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