James O’Brien challenges caller’s defence of the super rich | LBC Debate
July 7, 2025
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8:41Now PlayingJames O’Brien challenges caller’s defence of the super rich | LBC Debate
YouTube Description
as posted by the channelCaller Zack opposes bringing in a new wealth tax targeting liquid assets valued over £10 million. Lord Kinnock has said that Labour is ‘willing to explore’ this tax, which could help raise about £10 billion a year for the Treasury.
James O’Brien challenges Zack, asking why someone who 'is never going to be required to pay' this tax would side with Britain’s wealthiest.
Zack fears this tax will drive wealthy investors out of the UK and unfairly impact tax fluctuating assets like stocks. He claims millionaires are already fleeing due to heavy taxation.
James O’Brien questions Zack’s sources, asking ‘where he gets his facts from’. The host stresses that public infrastructure and services rely on taxes and that a proportionate tax contribution from the wealthiest is fair.
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#debate #jamesobrien #ukpolitics #wealthtax #taxation #labour #government #debate
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