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Sign up to Nebula to watch 'What to Follow: USA" and get 40% off an annual subscription with our link: https://go.nebula.tv/wtf?ref=tldrnews... With many people suggesting the funds needed to increase the defence budget should be raised with a wealth tax, this video explain exactly what a wealth tax is? How would it work? And why don’t Labour seem all that interested in implementing it? 📰 Too Long: https://toolong.news/ 🎞 TikTok: / tldrnews 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon: / tldrnews Donate by PayPal: https://tldrnews.co.uk/funding Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! SOURCES Wealth Tax Commission Report https://www.wealthandpolicy.com/wp/We... Tax Justice on a Wealth Tax https://taxjustice.uk/blog/mps-are-de... Lords Library on Defence Spending https://lordslibrary.parliament.uk/uk... Scale of Inequality in the UK https://equalitytrust.org.uk/scale-ec... Polling on Support for Wealth Tax https://yougov.co.uk/politics/article...