would<00:00:00.420> be<00:00:00.599> very<00:00:00.840> wealth<00:00:01.079> tax<00:00:01.199> they<00:00:01.439> go<00:00:01.620> well

would be very wealth tax they go well

would be very wealth tax they go well what<00:00:02.040> about<00:00:02.159> people<00:00:02.399> who<00:00:02.700> are<00:00:02.820> asset<00:00:03.179> rich<00:00:03.419> but

what about people who are asset rich but

what about people who are asset rich but income<00:00:04.140> poor<00:00:04.500> so<00:00:04.620> like<00:00:04.799> some<00:00:05.040> old<00:00:05.759> lady<00:00:06.420> he's

income poor so like some old lady he's

income poor so like some old lady he's been<00:00:07.379> living<00:00:07.500> in<00:00:07.740> a<00:00:07.859> house<00:00:08.340> that's<00:00:08.880> suddenly

been living in a house that's suddenly

been living in a house that's suddenly inflated<00:00:10.440> in<00:00:10.800> price

inflated in price

inflated in price um but<00:00:12.360> if<00:00:12.540> you're<00:00:12.660> asking<00:00:12.900> to<00:00:13.019> pay<00:00:13.139> a<00:00:13.380> wealth

um but if you're asking to pay a wealth

um but if you're asking to pay a wealth tax<00:00:13.740> you'll<00:00:13.980> be<00:00:14.040> like<00:00:14.099> I<00:00:14.460> don't<00:00:14.519> know<00:00:14.639> you

tax you'll be like I don't know you

tax you'll be like I don't know you haven't<00:00:14.880> I've<00:00:15.179> just<00:00:15.299> got<00:00:15.360> my<00:00:15.480> mention<00:00:15.780> what<00:00:16.199> do

haven't I've just got my mention what do

haven't I've just got my mention what do you<00:00:16.440> say<00:00:16.500> to<00:00:16.680> that<00:00:16.800> yeah<00:00:17.160> listen<00:00:17.279> I've<00:00:17.520> got

you say to that yeah listen I've got

you say to that yeah listen I've got nothing<00:00:17.760> against<00:00:18.060> old<00:00:18.300> ladies<00:00:18.539> my<00:00:18.720> name<00:00:18.900> was

nothing against old ladies my name was

nothing against old ladies my name was an<00:00:19.260> old<00:00:19.320> lady

an old lady

an old lady um<00:00:21.000> this<00:00:21.480> is<00:00:21.539> not<00:00:21.660> about<00:00:21.840> taxing<00:00:22.380> people<00:00:22.500> with

um this is not about taxing people with

um this is not about taxing people with one<00:00:22.920> million<00:00:23.220> pounds<00:00:23.580> okay<00:00:23.760> this<00:00:24.119> is<00:00:24.240> about

one million pounds okay this is about

one million pounds okay this is about taxing<00:00:24.779> people<00:00:24.900> with<00:00:25.080> 100<00:00:25.500> million<00:00:26.039> pounds

taxing people with 100 million pounds

taxing people with 100 million pounds okay<00:00:26.760> listen<00:00:27.000> I'm<00:00:27.720> very<00:00:27.900> happy<00:00:28.080> to<00:00:28.320> cut<00:00:28.500> people

okay listen I'm very happy to cut people

okay listen I'm very happy to cut people out<00:00:28.920> with<00:00:29.039> one<00:00:29.279> million<00:00:29.580> two<00:00:29.699> million<00:00:30.000> pounds

out with one million two million pounds

out with one million two million pounds we<00:00:30.359> don't<00:00:30.480> need<00:00:30.599> to<00:00:30.720> tax<00:00:30.840> you<00:00:31.019> but<00:00:31.199> the<00:00:31.380> truth

we don't need to tax you but the truth

we don't need to tax you but the truth is<00:00:31.980> we<00:00:32.520> have<00:00:32.640> this<00:00:32.940> extremely<00:00:33.360> wealthy<00:00:33.780> class

is we have this extremely wealthy class

is we have this extremely wealthy class generating<00:00:35.040> an<00:00:35.340> enormous<00:00:35.640> amount<00:00:35.940> of<00:00:36.120> income

generating an enormous amount of income

generating an enormous amount of income from<00:00:37.140> the<00:00:37.320> people<00:00:37.440> of<00:00:37.620> this<00:00:37.800> country<00:00:37.980> and

from the people of this country and

from the people of this country and using<00:00:39.120> that<00:00:39.239> income<00:00:39.540> to<00:00:39.780> buy<00:00:39.840> the<00:00:40.020> rest<00:00:40.140> of<00:00:40.260> the

using that income to buy the rest of the

using that income to buy the rest of the assets<00:00:40.680> if<00:00:41.040> we<00:00:41.219> don't<00:00:41.340> stop<00:00:41.579> that<00:00:41.879> ordinary

assets if we don't stop that ordinary

assets if we don't stop that ordinary families<00:00:43.140> will<00:00:43.379> lose<00:00:43.559> their<00:00:43.739> homes<00:00:43.980> it's<00:00:44.760> as

families will lose their homes it's as

families will lose their homes it's as simple<00:00:45.059> as<00:00:45.239> that<00:00:45.360> and<00:00:45.540> you<00:00:45.960> don't<00:00:46.020> need<00:00:46.200> to<00:00:46.320> tax

simple as that and you don't need to tax

simple as that and you don't need to tax necessarily<00:00:46.980> people<00:00:47.160> on<00:00:47.340> one<00:00:47.520> or<00:00:47.640> two<00:00:47.760> million

necessarily people on one or two million

necessarily people on one or two million pounds<00:00:48.420> of<00:00:48.539> wealth<00:00:48.899> you<00:00:49.559> know<00:00:49.680> we<00:00:50.100> need<00:00:50.280> to<00:00:50.340> go

pounds of wealth you know we need to go

pounds of wealth you know we need to go after<00:00:50.579> the<00:00:50.820> people<00:00:50.940> with<00:00:51.120> a<00:00:51.300> hundred<00:00:51.480> million

after the people with a hundred million

after the people with a hundred million pounds<00:00:51.960> worth<00:00:52.140> and<00:00:52.320> if<00:00:52.440> we<00:00:52.620> don't<00:00:52.800> I<00:00:53.399> guarantee

pounds worth and if we don't I guarantee

pounds worth and if we don't I guarantee you<00:00:53.940> they<00:00:54.239> will<00:00:54.360> end<00:00:54.480> up<00:00:54.600> owning<00:00:54.960> everything