The<00:00:00.320> rich<00:00:00.880> are<00:00:01.199> growing<00:00:01.439> their<00:00:01.600> wealth<00:00:01.920> very

The rich are growing their wealth very

The rich are growing their wealth very rapidly<00:00:02.639> and<00:00:02.800> it's<00:00:03.040> acting<00:00:03.280> like<00:00:03.439> a<00:00:03.600> black

rapidly and it's acting like a black

rapidly and it's acting like a black hole<00:00:04.000> in<00:00:04.160> society.<00:00:04.640> It's<00:00:04.880> sucking<00:00:05.120> the<00:00:05.279> wealth

hole in society. It's sucking the wealth

hole in society. It's sucking the wealth away<00:00:05.839> from<00:00:06.080> the<00:00:06.240> middle<00:00:06.480> class,<00:00:06.799> from<00:00:06.960> the

away from the middle class, from the

away from the middle class, from the working<00:00:07.359> class,<00:00:07.919> from<00:00:08.080> the<00:00:08.320> government.<00:00:09.200> And

working class, from the government. And

working class, from the government. And I<00:00:09.599> saw<00:00:09.760> immediately<00:00:10.160> that<00:00:10.240> that<00:00:10.480> wouldn't

I saw immediately that that wouldn't

I saw immediately that that wouldn't stop.<00:00:11.040> I<00:00:11.280> saw<00:00:11.519> because<00:00:12.000> just<00:00:12.160> just<00:00:12.400> explain

stop. I saw because just just explain

stop. I saw because just just explain how<00:00:12.880> that<00:00:13.120> happens.<00:00:13.759> Wh<00:00:14.000> why<00:00:14.240> does<00:00:14.400> the<00:00:14.639> wealth

how that happens. Wh why does the wealth

how that happens. Wh why does the wealth go<00:00:15.040> to<00:00:15.120> the<00:00:15.440> you<00:00:15.519> know<00:00:15.599> the<00:00:15.759> simplest<00:00:16.000> way<00:00:16.240> is

go to the you know the simplest way is

go to the you know the simplest way is you<00:00:16.800> know<00:00:17.039> Richy<00:00:17.359> Sunnak<00:00:18.000> suddenly<00:00:18.400> magically

you know Richy Sunnak suddenly magically

you know Richy Sunnak suddenly magically appeared<00:00:19.119> in<00:00:19.359> the<00:00:20.000> in<00:00:20.240> the<00:00:20.400> Times<00:00:21.039> richest

appeared in the in the Times richest

appeared in the in the Times richest people<00:00:22.000> top<00:00:22.240> 100<00:00:22.480> richest<00:00:22.800> people<00:00:22.960> in<00:00:23.119> the

people top 100 richest people in the

people top 100 richest people in the country<00:00:23.960> um<00:00:24.960> wealth<00:00:25.199> of<00:00:25.439> 700<00:00:25.680> million.<00:00:26.400> I

country um wealth of 700 million. I

country um wealth of 700 million. I think<00:00:26.720> what<00:00:26.880> people<00:00:27.119> often<00:00:27.359> don't<00:00:27.599> realize<00:00:28.000> is

think what people often don't realize is

think what people often don't realize is is<00:00:28.560> the<00:00:28.720> passive<00:00:29.039> income<00:00:29.359> that<00:00:29.599> comes<00:00:29.760> with

is the passive income that comes with

is the passive income that comes with that.<00:00:30.560> So<00:00:30.800> if<00:00:31.039> Rishi<00:00:31.279> Sunak<00:00:31.599> is<00:00:31.679> worth<00:00:31.920> £700

that. So if Rishi Sunak is worth £700

that. So if Rishi Sunak is worth £700 million,<00:00:33.120> what's<00:00:33.360> his<00:00:33.520> passive<00:00:33.840> income<00:00:34.559> and

million, what's his passive income and

million, what's his passive income and when<00:00:34.880> I<00:00:34.960> say<00:00:35.120> passive<00:00:35.440> income,<00:00:35.760> I<00:00:35.920> mean<00:00:36.000> that

when I say passive income, I mean that

when I say passive income, I mean that the<00:00:36.399> income<00:00:36.640> he<00:00:36.800> gets<00:00:36.960> just<00:00:37.120> from<00:00:37.280> his<00:00:37.440> wealth,

the income he gets just from his wealth,

the income he gets just from his wealth, not<00:00:38.000> from<00:00:38.160> his<00:00:38.399> work.<00:00:39.040> You<00:00:39.200> know,<00:00:39.440> he's<00:00:39.680> going

not from his work. You know, he's going

not from his work. You know, he's going to<00:00:39.840> make<00:00:40.000> around<00:00:40.320> 5%.<00:00:41.280> 35<00:00:41.680> million<00:00:42.160> a<00:00:42.399> year.

to make around 5%. 35 million a year.

to make around 5%. 35 million a year. Let's<00:00:43.120> be<00:00:43.280> conservative.<00:00:43.920> 26<00:00:44.239> million,<00:00:44.800> half

Let's be conservative. 26 million, half

Let's be conservative. 26 million, half a<00:00:45.040> million<00:00:45.600> a<00:00:45.760> week.<00:00:46.320> So<00:00:46.480> imagine<00:00:46.800> you<00:00:47.039> wish

a million a week. So imagine you wish

a million a week. So imagine you wish and<00:00:47.840> you're<00:00:48.000> making<00:00:48.160> half<00:00:48.320> a<00:00:48.480> million<00:00:49.120> passive

and you're making half a million passive

and you're making half a million passive income<00:00:49.760> a<00:00:49.920> week.<00:00:50.559> How<00:00:50.719> much<00:00:50.879> you<00:00:51.039> going<00:00:51.120> to

income a week. How much you going to

income a week. How much you going to spend?

Not<00:00:54.559> a<00:00:54.719> lot<00:00:55.199> of<00:00:55.360> it.<00:00:55.920> You<00:00:56.239> spend,<00:00:56.559> you<00:00:56.719> know,<00:00:57.680> 50

Not a lot of it. You spend, you know, 50

Not a lot of it. You spend, you know, 50 grand<00:00:58.160> a<00:00:58.320> week,<00:00:58.480> live<00:00:58.640> like<00:00:58.879> live<00:00:59.039> like<00:00:59.199> the

grand a week, live like live like the

grand a week, live like live like the queen.<00:00:59.520> Basically,<00:00:59.920> I<00:01:00.079> could<00:01:00.160> have<00:01:00.320> spent<00:01:00.559> 50

queen. Basically, I could have spent 50

queen. Basically, I could have spent 50 grand<00:01:00.800> a<00:01:00.960> week<00:01:01.120> if<00:01:01.280> I<00:01:01.359> tried,<00:01:01.680> right?<00:01:02.079> So,<00:01:02.399> the

grand a week if I tried, right? So, the

grand a week if I tried, right? So, the the<00:01:02.879> problem<00:01:03.120> is<00:01:03.440> once<00:01:03.760> you<00:01:03.920> have<00:01:04.000> this<00:01:04.239> group

the problem is once you have this group

the problem is once you have this group of<00:01:04.640> society<00:01:04.960> with<00:01:05.199> very<00:01:05.439> large<00:01:05.600> passive

of society with very large passive

of society with very large passive income<00:01:07.200> unless<00:01:07.520> you<00:01:07.680> have<00:01:07.760> a<00:01:07.920> rapidly<00:01:08.320> growing

income unless you have a rapidly growing

income unless you have a rapidly growing economy,<00:01:09.520> they<00:01:09.840> basically<00:01:10.400> have<00:01:10.640> nothing

economy, they basically have nothing

economy, they basically have nothing they<00:01:11.119> can<00:01:11.200> do<00:01:11.280> with<00:01:11.439> that<00:01:11.680> income<00:01:12.159> other<00:01:12.400> than

they can do with that income other than

they can do with that income other than buy<00:01:12.720> up<00:01:12.799> the<00:01:12.960> rest<00:01:13.040> of<00:01:13.119> the<00:01:13.280> assets.<00:01:13.760> It's<00:01:14.000> as

buy up the rest of the assets. It's as

buy up the rest of the assets. It's as simple<00:01:14.240> as<00:01:14.400> that.<00:01:14.560> It's<00:01:14.720> basically<00:01:14.960> compound

simple as that. It's basically compound

simple as that. It's basically compound interest.<00:01:15.680> If<00:01:15.840> you<00:01:15.920> have<00:01:16.000> the<00:01:16.159> wealth<00:01:16.320> of<00:01:16.479> the

interest. If you have the wealth of the

interest. If you have the wealth of the rich<00:01:16.799> growing<00:01:17.040> at<00:01:17.200> 5%<00:01:17.759> in<00:01:18.000> an<00:01:18.159> economy<00:01:18.479> that's

rich growing at 5% in an economy that's

rich growing at 5% in an economy that's growing<00:01:18.799> at<00:01:18.960> 1<00:01:19.040> or<00:01:19.240> 2%,<00:01:20.240> there's<00:01:20.560> there's

growing at 1 or 2%, there's there's

growing at 1 or 2%, there's there's nothing<00:01:21.040> they<00:01:21.280> can<00:01:21.360> do.<00:01:21.680> They<00:01:21.920> they<00:01:22.240> outgrow

nothing they can do. They they outgrow

nothing they can do. They they outgrow the<00:01:23.360> economy<00:01:23.759> and<00:01:24.000> they<00:01:24.159> squeeze<00:01:24.479> everyone

the economy and they squeeze everyone

the economy and they squeeze everyone else<00:01:24.960> out.<00:01:25.200> And<00:01:25.280> what<00:01:25.439> ordinary<00:01:25.840> people<00:01:26.000> see

else out. And what ordinary people see

else out. And what ordinary people see is<00:01:26.799> house<00:01:27.119> prices<00:01:27.520> going<00:01:27.680> up,<00:01:28.080> stock<00:01:28.320> prices

is house prices going up, stock prices

is house prices going up, stock prices going<00:01:28.880> up,<00:01:29.119> my<00:01:29.280> kids<00:01:29.439> can't<00:01:29.520> afford<00:01:29.840> the

going up, my kids can't afford the

going up, my kids can't afford the house.<00:01:30.240> And<00:01:30.479> what<00:01:30.640> that<00:01:30.880> is<00:01:31.040> is<00:01:31.360> the<00:01:31.520> rich

house. And what that is is the rich

house. And what that is is the rich squeezing<00:01:32.720> the<00:01:32.960> middle<00:01:33.200> class<00:01:33.439> out.<00:01:33.759> It's<00:01:34.000> the

squeezing the middle class out. It's the

squeezing the middle class out. It's the kids<00:01:34.320> of<00:01:34.479> the<00:01:34.560> rich<00:01:35.200> outbidding<00:01:36.159> your<00:01:36.479> kids

kids of the rich outbidding your kids

kids of the rich outbidding your kids for<00:01:37.600> things<00:01:37.759> like