Former Treasury Minister and chair of the Business and Trade Select Committee Liam Byrne explains why wealth inequality has grown so fast in recent years; warns how it threatens our society, economy and politics; shows where economics has got it wrong – and lays out a path back to common sense, with five practical ways to rebuild an old ideal: the wealth-owning democracy.
Liam Byrne draws on conversations and debates with former prime ministers, presidents and policymakers around the world, together with experts at the OECD, World Bank and IMF, to argue that after twenty years of statistics and slogans it’s time for solutions that aren’t just radical but plausible and achievable as well. With the debate raging about wealth taxes, this book makes practical suggestions for what will actually work.