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Welcome to the IEA Podcast. The Institute of Economic Affairs is the UK’s original free market think tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation. We hope you enjoy listening!
Episodes
Friday Apr 22, 2022
Are our millionaires taxed enough?
Friday Apr 22, 2022
Friday Apr 22, 2022
Tax the rich! This is a slogan heard often in political discourse. However, there is much debate about whether increasing taxation on society's wealthiest is firstly, fair, and secondly, conducive to reducing economic inequality.
Moderated by IEA Head of Political Economy, Kristian Niemietz, Mark Littlewood, IEA Director General, debates the subject with Gary Stevenson of Patriotic Millionaires.
Gary Stevenson is an economist and former interest rate trader in London and Tokyo. In 2011 he became Citibank’s most profitable trader globally by correctly predicting that the aftereffects of the 2008 crisis would lead to a long term stagnation in interest rates and a rapid rise in asset values. In 2014 he retired, at 27, to study economics and inequality at Oxford University. He is currently working on economic models of inequality, wages and asset prices.
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