Tax the rich more - or was that less?

The video discusses the increase in tax contributions from the wealthy between 1978 and 2001, highlighting a significant rise from 11% to 22%. It examines Polly Toynbee's proposal to tax high earners more, estimating a potential revenue of 7 billion pounds. However, the Institute for Fiscal Studies suggests that behavioral changes, such as tax avoidance, evasion, reduced work effort, and emigration, could significantly impact the expected revenue. The video also addresses tax inequality, emphasizing the obligations of the wealthy to contribute fairly to society.

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