• 17. Wealth: How can political parties close the wealth gap?

  • Oct 31 2023
  • Length: 37 mins
  • Podcast

17. Wealth: How can political parties close the wealth gap?

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  • Summary

  • Guests: • Arun Advani, University of Warwick • Ian Mulheirn, Resolution Foundation What do we mean by wealth? It’s savings and housing but also investments such as shares and crypto-currencies. In this episode, we explore what’s been happening to wealth over the past few decades and how it might affect the next election. Including: Why does the wealth gap and wealth inequalities matter? How important will the issue of wealth be at the next general election? Does wealth taxation come up as an issue in relation to public spending? Have we got the balance right between income taxes and wealth taxes? How can we reduce housing wealth inequality? Tax reliefs and reforms which might help those on lower incomes grow their assets. Why does inheritance tax have so much political salience - and public resistance - when it is paid by such a small fraction of estates? How about an annual or one-off wealth tax? Something you and your colleagues looked at as part of the Wealth Tax Commission – what would that look like and is the concept gaining any traction? Non-dom status. Would the super-rich leave the UK? How much tax do we think it might raise? Might we still see reforms to wealth taxation, even though they aren’t in the manifestos?
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