whenever<00:00:00.719> the<00:00:00.840> bank<00:00:00.960> of<00:00:01.140> England<00:00:01.260> prints<00:00:01.680> a

whenever the bank of England prints a

whenever the bank of England prints a ton<00:00:01.860> of<00:00:02.040> money<00:00:02.159> especially<00:00:02.700> when<00:00:02.820> it's<00:00:02.940> a<00:00:03.060> lot

ton of money especially when it's a lot

ton of money especially when it's a lot of<00:00:03.300> money<00:00:03.419> and<00:00:04.200> whenever<00:00:04.500> the<00:00:04.680> government

of money and whenever the government

of money and whenever the government gives<00:00:05.040> out<00:00:05.160> a<00:00:05.279> lot<00:00:05.400> of<00:00:05.460> money<00:00:05.580> you<00:00:05.940> need<00:00:06.000> to<00:00:06.120> be

gives out a lot of money you need to be

gives out a lot of money you need to be asking<00:00:06.359> where<00:00:06.480> that<00:00:06.660> money<00:00:06.779> is<00:00:06.899> going<00:00:07.020> to<00:00:07.140> end

asking where that money is going to end

asking where that money is going to end up<00:00:07.859> so<00:00:08.340> essentially<00:00:08.700> what<00:00:08.940> we<00:00:09.120> have<00:00:09.240> here<00:00:09.480> is<00:00:09.780> a

up so essentially what we have here is a

up so essentially what we have here is a situation<00:00:10.380> where<00:00:11.219> the<00:00:11.340> government<00:00:11.519> has

situation where the government has

situation where the government has slashed<00:00:12.300> taxes<00:00:12.540> on<00:00:12.660> rich<00:00:12.900> people<00:00:13.139> this<00:00:13.920> is

slashed taxes on rich people this is

slashed taxes on rich people this is after<00:00:14.219> the<00:00:14.519> three<00:00:14.700> years<00:00:14.820> which<00:00:15.000> have<00:00:15.179> seen

after the three years which have seen

after the three years which have seen the<00:00:15.540> biggest<00:00:15.660> and<00:00:16.139> fastest<00:00:16.680> ever<00:00:17.220> increase<00:00:17.699> in

the biggest and fastest ever increase in

the biggest and fastest ever increase in millionaire<00:00:18.600> and<00:00:18.720> billionaire<00:00:19.020> wealth<00:00:19.199> in

millionaire and billionaire wealth in

millionaire and billionaire wealth in the<00:00:19.440> country<00:00:19.560> okay

the country okay

the country okay the<00:00:20.880> government<00:00:21.000> has<00:00:21.240> now<00:00:21.359> slashed<00:00:21.720> taxes<00:00:22.020> on

the government has now slashed taxes on

the government has now slashed taxes on them<00:00:22.260> the<00:00:22.980> market<00:00:23.100> has<00:00:23.400> said<00:00:23.580> well<00:00:23.760> we<00:00:24.000> think

them the market has said well we think

them the market has said well we think that's<00:00:24.420> that<00:00:24.660> makes<00:00:24.840> you<00:00:25.019> financially

that's that makes you financially

that's that makes you financially unsustainable<00:00:26.039> so<00:00:26.640> we're<00:00:26.820> basically<00:00:27.060> going

unsustainable so we're basically going

unsustainable so we're basically going to<00:00:27.240> pull<00:00:27.359> a<00:00:27.480> plug<00:00:27.599> on<00:00:27.779> you<00:00:27.960> and<00:00:28.619> the<00:00:28.800> bank<00:00:28.920> of

to pull a plug on you and the bank of

to pull a plug on you and the bank of England<00:00:29.279> is<00:00:29.760> basically<00:00:30.060> coming<00:00:30.359> in<00:00:30.599> and

England is basically coming in and

England is basically coming in and funding<00:00:31.320> it<00:00:31.439> so<00:00:31.740> now<00:00:31.859> you<00:00:32.040> have<00:00:32.160> a<00:00:32.279> situation

funding it so now you have a situation

funding it so now you have a situation where<00:00:33.239> the<00:00:33.780> bank<00:00:33.899> of<00:00:34.079> England<00:00:34.260> is<00:00:34.920> essentially

where the bank of England is essentially

where the bank of England is essentially funding<00:00:36.980> a<00:00:37.980> massive<00:00:38.219> cash<00:00:38.460> transfer<00:00:39.000> from<00:00:39.360> the

funding a massive cash transfer from the

funding a massive cash transfer from the government<00:00:39.600> to<00:00:39.899> the<00:00:40.079> rich<00:00:40.200> on<00:00:40.980> the<00:00:41.100> back<00:00:41.340> of

government to the rich on the back of

government to the rich on the back of the<00:00:42.420> biggest<00:00:42.480> ever<00:00:42.780> cash<00:00:43.020> transfer<00:00:43.500> we've

the biggest ever cash transfer we've

the biggest ever cash transfer we've ever<00:00:43.920> seen<00:00:44.100> from<00:00:44.399> the<00:00:44.520> government<00:00:44.640> to<00:00:44.879> the

ever seen from the government to the

ever seen from the government to the rich<00:00:45.180> and<00:00:45.360> I<00:00:45.719> want<00:00:45.840> to<00:00:45.899> put<00:00:46.020> some<00:00:46.140> numbers<00:00:46.320> on

rich and I want to put some numbers on

rich and I want to put some numbers on this<00:00:46.680> you<00:00:46.800> know<00:00:46.920> because<00:00:47.100> I<00:00:47.700> think<00:00:47.820> it's

this you know because I think it's

this you know because I think it's amazing<00:00:48.239> I<00:00:48.360> don't<00:00:48.539> think<00:00:48.660> people<00:00:48.780> realize<00:00:49.260> you

amazing I don't think people realize you

amazing I don't think people realize you know<00:00:49.620> if<00:00:50.039> you<00:00:50.160> were<00:00:50.280> to<00:00:50.399> tax<00:00:50.579> the<00:00:50.820> wealthy

know if you were to tax the wealthy

know if you were to tax the wealthy enough<00:00:52.140> now<00:00:52.559> to<00:00:53.219> make<00:00:53.399> them<00:00:53.579> as<00:00:53.940> rich<00:00:54.120> as<00:00:54.300> they

enough now to make them as rich as they

enough now to make them as rich as they were<00:00:54.660> before<00:00:54.960> covert<00:00:55.559> started<00:00:55.920> you<00:00:56.399> could

were before covert started you could

were before covert started you could give<00:00:56.760> every<00:00:57.120> single<00:00:57.420> adult<00:00:57.600> in<00:00:57.899> the<00:00:58.020> country

give every single adult in the country

give every single adult in the country twelve<00:00:59.100> thousand<00:00:59.340> pounds