← Back to all transcripts

Is the government completely out of ideas?

March 26, 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
00:00:00

okay<00:00:00.680> spring<00:00:01.040> statement<00:00:01.439> today<00:00:02.200> the

00:00:02

okay spring statement today the

00:00:02

okay spring statement today the government<00:00:02.720> is<00:00:02.840> going<00:00:03.080> to<00:00:03.520> slash<00:00:03.879> your

00:00:03

government is going to slash your

00:00:04

government is going to slash your benefits<00:00:04.520> slash<00:00:04.799> your<00:00:04.960> spending<00:00:05.640> raise<00:00:05.879> your

00:00:06

benefits slash your spending raise your

00:00:06

benefits slash your spending raise your taxes<00:00:06.720> all<00:00:06.919> the<00:00:07.120> while<00:00:07.439> doing<00:00:07.759> nothing<00:00:08.480> about

00:00:08

taxes all the while doing nothing about

00:00:08

taxes all the while doing nothing about the<00:00:08.760> growing<00:00:09.000> wealth<00:00:09.200> of<00:00:09.320> the<00:00:09.440> richest<00:00:10.320> listen

00:00:10

the growing wealth of the richest listen

00:00:10

the growing wealth of the richest listen as<00:00:11.040> the<00:00:11.200> richest<00:00:11.679> get<00:00:11.880> richer<00:00:12.320> and<00:00:12.519> richer<00:00:12.880> and

00:00:13

as the richest get richer and richer and

00:00:13

as the richest get richer and richer and richer<00:00:13.360> and<00:00:13.519> richer<00:00:13.960> they<00:00:14.080> are<00:00:14.200> squeezing

00:00:14

richer and richer they are squeezing

00:00:14

richer and richer they are squeezing everybody<00:00:15.400> else<00:00:15.719> out<00:00:15.879> of<00:00:16.080> the<00:00:16.199> economy<00:00:17.080> that

00:00:17

everybody else out of the economy that

00:00:17

everybody else out of the economy that means<00:00:17.720> you<00:00:17.880> don't<00:00:18.080> have<00:00:18.240> any<00:00:18.439> wealth<00:00:18.880> your

00:00:19

means you don't have any wealth your

00:00:19

means you don't have any wealth your family<00:00:19.400> doesn't<00:00:19.640> have<00:00:19.760> any<00:00:19.960> wealth<00:00:20.640> the

00:00:20

family doesn't have any wealth the

00:00:20

family doesn't have any wealth the middle<00:00:21.119> class<00:00:21.519> and<00:00:21.640> the<00:00:21.760> working<00:00:22.160> class<00:00:22.480> have

00:00:22

middle class and the working class have

00:00:22

middle class and the working class have nothing<00:00:22.880> left<00:00:23.039> to<00:00:23.199> spend<00:00:23.640> and<00:00:23.760> the<00:00:24.000> government

00:00:24

nothing left to spend and the government

00:00:24

nothing left to spend and the government becomes<00:00:24.680> bankrupted<00:00:25.279> as<00:00:25.439> well<00:00:26.039> the

00:00:26

becomes bankrupted as well the

00:00:26

becomes bankrupted as well the government<00:00:26.840> is<00:00:27.000> rowing<00:00:27.359> a<00:00:27.480> boat<00:00:27.960> with<00:00:28.119> a

00:00:28

government is rowing a boat with a

00:00:28

government is rowing a boat with a massive<00:00:28.840> hole<00:00:29.160> in<00:00:29.279> the<00:00:29.400> bottom<00:00:29.960> and<00:00:30.119> wealth<00:00:30.359> is

00:00:30

massive hole in the bottom and wealth is

00:00:30

massive hole in the bottom and wealth is Flowing<00:00:30.960> out<00:00:31.439> away<00:00:31.679> from<00:00:31.880> ordinary<00:00:32.439> families

00:00:32

Flowing out away from ordinary families

00:00:33

Flowing out away from ordinary families towards<00:00:33.719> the<00:00:33.920> richest<00:00:34.360> people<00:00:34.600> in<00:00:34.719> the

00:00:34

towards the richest people in the

00:00:34

towards the richest people in the country<00:00:35.680> and<00:00:35.840> the<00:00:36.040> only<00:00:36.440> solution<00:00:36.879> the

00:00:37

country and the only solution the

00:00:37

country and the only solution the government<00:00:37.520> has<00:00:38.239> is<00:00:38.360> to<00:00:38.559> tell<00:00:38.800> you<00:00:39.040> guys<00:00:39.399> to

00:00:39

government has is to tell you guys to

00:00:39

government has is to tell you guys to row<00:00:39.840> harder<00:00:40.480> listen<00:00:41.360> until<00:00:41.800> we<00:00:41.960> get<00:00:42.120> our

00:00:42

row harder listen until we get our

00:00:42

row harder listen until we get our wealth<00:00:42.680> back<00:00:43.039> until<00:00:43.360> you<00:00:43.559> get<00:00:43.719> our<00:00:43.920> wealth

00:00:44

wealth back until you get our wealth

00:00:44

wealth back until you get our wealth back<00:00:44.879> this<00:00:45.239> will<00:00:45.480> not<00:00:45.800> get<00:00:46.079> better<00:00:46.960> the<00:00:47.160> only

00:00:47

back this will not get better the only

00:00:47

back this will not get better the only way<00:00:47.960> to<00:00:48.239> solve<00:00:48.640> this<00:00:48.800> situation<00:00:49.680> is<00:00:49.800> to

00:00:50

way to solve this situation is to

00:00:50

way to solve this situation is to rebalance<00:00:50.559> the<00:00:50.680> tax<00:00:51.000> system<00:00:51.640> so<00:00:51.800> that<00:00:51.920> the

00:00:52

rebalance the tax system so that the

00:00:52

rebalance the tax system so that the richest<00:00:52.600> pay<00:00:52.800> their<00:00:52.920> fair<00:00:53.160> share<00:00:53.600> and

00:00:53

richest pay their fair share and

00:00:53

richest pay their fair share and Ordinary<00:00:54.280> People<00:00:54.680> pay<00:00:54.920> less<00:00:55.760> tax<00:00:56.039> wealth<00:00:56.359> not

00:00:56

Ordinary People pay less tax wealth not

00:00:56

Ordinary People pay less tax wealth not work<00:00:57.280> send<00:00:57.520> it<00:00:57.600> to<00:00:57.719> Rachel<00:00:58.000> Reeves