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If you want to own assets, we need to tax the rich more

May 07, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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If<00:00:00.320> you<00:00:00.480> don't<00:00:00.719> stop<00:00:01.280> the<00:00:01.520> wealth<00:00:01.680> of<00:00:01.839> the

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If you don't stop the wealth of the

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If you don't stop the wealth of the wealthiest<00:00:02.399> from<00:00:02.560> spiraling<00:00:02.879> upward<00:00:03.120> as<00:00:03.280> very

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wealthiest from spiraling upward as very

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wealthiest from spiraling upward as very quickly,<00:00:04.000> there<00:00:04.160> will<00:00:04.960> it<00:00:05.200> will<00:00:05.359> inevitably

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quickly, there will it will inevitably

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quickly, there will it will inevitably lead<00:00:06.160> to<00:00:06.319> the<00:00:06.400> disappearance<00:00:06.799> of<00:00:06.960> middle

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lead to the disappearance of middle

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lead to the disappearance of middle class<00:00:07.359> wealth<00:00:07.600> and<00:00:07.680> and<00:00:07.919> also<00:00:08.160> disappearance

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class wealth and and also disappearance

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class wealth and and also disappearance of<00:00:08.720> government<00:00:08.880> wealth.<00:00:09.200> That<00:00:09.280> is<00:00:09.360> what<00:00:09.519> will

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of government wealth. That is what will

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of government wealth. That is what will happen.<00:00:10.080> Really,<00:00:10.320> we<00:00:10.480> need<00:00:10.559> to<00:00:10.719> tax<00:00:10.880> these

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happen. Really, we need to tax these

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happen. Really, we need to tax these people<00:00:11.840> much<00:00:12.160> much<00:00:12.160> much<00:00:12.719> more.<00:00:12.960> I<00:00:13.200> think<00:00:13.280> we

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people much much much more. I think we

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people much much much more. I think we need<00:00:13.519> to<00:00:13.679> be<00:00:13.759> looking<00:00:14.000> at<00:00:14.160> inheritance<00:00:14.719> tax<00:00:14.960> on

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need to be looking at inheritance tax on

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need to be looking at inheritance tax on very<00:00:15.360> large<00:00:15.599> estates.<00:00:16.320> I<00:00:16.560> think<00:00:16.800> you<00:00:17.039> know

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very large estates. I think you know

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very large estates. I think you know sometimes<00:00:17.840> when<00:00:18.080> I<00:00:18.320> say<00:00:18.560> things<00:00:18.720> like<00:00:18.880> that,

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sometimes when I say things like that,

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sometimes when I say things like that, people<00:00:19.439> turn<00:00:19.600> around<00:00:19.760> and<00:00:20.000> say,<00:00:20.080> "Oh,<00:00:20.320> but

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people turn around and say, "Oh, but

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people turn around and say, "Oh, but they<00:00:20.640> don't<00:00:20.720> have<00:00:20.800> the<00:00:20.960> money<00:00:21.039> in<00:00:21.279> cash.

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they don't have the money in cash.

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they don't have the money in cash. They'll<00:00:22.000> have<00:00:22.080> to<00:00:22.240> sell<00:00:22.400> the<00:00:22.560> assets."

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They'll have to sell the assets."

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They'll have to sell the assets." If<00:00:25.760> all<00:00:26.000> of<00:00:26.080> the<00:00:26.240> assets<00:00:26.480> are<00:00:26.640> owned<00:00:26.800> by<00:00:26.960> the

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If all of the assets are owned by the

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If all of the assets are owned by the rich<00:00:27.359> and<00:00:27.599> the<00:00:27.760> rich<00:00:28.000> never<00:00:28.240> sell<00:00:28.400> their

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rich and the rich never sell their

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rich and the rich never sell their assets,<00:00:28.960> then<00:00:29.199> working<00:00:29.439> people<00:00:29.599> will<00:00:29.760> never

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assets, then working people will never

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assets, then working people will never get<00:00:30.080> assets.<00:00:30.480> It's<00:00:30.720> not<00:00:30.960> rocket<00:00:31.279> science.<00:00:31.760> You

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get assets. It's not rocket science. You

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get assets. It's not rocket science. You need<00:00:32.160> the<00:00:32.320> rich<00:00:32.480> to<00:00:32.640> sell<00:00:32.800> that.<00:00:33.040> This<00:00:33.200> is

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need the rich to sell that. This is

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need the rich to sell that. This is this.<00:00:33.920> How<00:00:34.160> else<00:00:34.320> do<00:00:34.399> you<00:00:34.480> get<00:00:34.640> your<00:00:34.800> assets

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this. How else do you get your assets

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this. How else do you get your assets back?<00:00:35.520> You<00:00:35.680> know,<00:00:36.000> and<00:00:36.160> I<00:00:36.320> know<00:00:36.559> people<00:00:36.880> say,

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back? You know, and I know people say,

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back? You know, and I know people say, "Oh,<00:00:37.280> you<00:00:37.440> don't<00:00:37.520> live<00:00:37.600> in<00:00:37.760> a<00:00:37.840> zero<00:00:38.079> sum

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"Oh, you don't live in a zero sum

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"Oh, you don't live in a zero sum economy.<00:00:38.719> Build<00:00:38.960> more.<00:00:39.200> Build<00:00:39.360> more.<00:00:39.680> Build

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economy. Build more. Build more. Build

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economy. Build more. Build more. Build more."<00:00:40.320> Every<00:00:40.559> government<00:00:40.960> for<00:00:41.360> 25<00:00:41.760> years<00:00:41.920> has

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more." Every government for 25 years has

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more." Every government for 25 years has tried<00:00:42.399> that.<00:00:42.640> It<00:00:42.800> doesn't<00:00:43.040> work.<00:00:43.280> It<00:00:43.520> doesn't

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tried that. It doesn't work. It doesn't

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tried that. It doesn't work. It doesn't work.<00:00:44.000> If<00:00:44.239> you<00:00:44.879> you<00:00:45.280> have<00:00:45.520> to<00:00:45.760> keep<00:00:45.920> an<00:00:46.079> eye<00:00:46.160> on

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work. If you you have to keep an eye on

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work. If you you have to keep an eye on that<00:00:46.480> distribution.