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National Insurance Rise - Punishing the Poor? LBC NEWS with Philip Chryssikos

September 05, 2021
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[Music]

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[Music]

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[Music] this<00:00:03.360> is<00:00:04.000> lbc<00:00:04.720> news

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this is lbc news

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this is lbc news with<00:00:06.160> phillip<00:00:06.480> chris<00:00:06.720> across<00:00:07.120> lbc<00:00:07.600> news<00:00:07.839> time

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with phillip chris across lbc news time

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with phillip chris across lbc news time 23<00:00:08.720> minutes<00:00:09.280> past<00:00:09.840> one<00:00:10.080> good<00:00:10.320> afternoon<00:00:10.639> we

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23 minutes past one good afternoon we

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23 minutes past one good afternoon we start<00:00:10.880> with<00:00:11.040> our<00:00:11.120> dominating<00:00:11.679> story<00:00:12.000> that<00:00:12.160> of

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start with our dominating story that of

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start with our dominating story that of the<00:00:12.400> government<00:00:13.200> not<00:00:13.360> denying<00:00:13.759> reports<00:00:14.080> that

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the government not denying reports that

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the government not denying reports that a<00:00:14.320> rise<00:00:14.559> in<00:00:14.639> national<00:00:15.040> insurance<00:00:15.759> is<00:00:16.080> under

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a rise in national insurance is under

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a rise in national insurance is under consideration<00:00:17.039> to<00:00:17.199> pay<00:00:17.359> for<00:00:17.520> social<00:00:18.000> care

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consideration to pay for social care

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consideration to pay for social care plans<00:00:18.960> ministers<00:00:19.439> are<00:00:19.520> believed<00:00:19.840> to<00:00:20.000> be

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plans ministers are believed to be

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plans ministers are believed to be preparing<00:00:20.720> to<00:00:20.880> announce<00:00:21.199> an<00:00:21.359> increase<00:00:21.680> of<00:00:21.760> at

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preparing to announce an increase of at

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preparing to announce an increase of at least<00:00:22.240> one<00:00:22.400> percent<00:00:22.800> maybe<00:00:23.039> as<00:00:23.119> high<00:00:23.279> as<00:00:23.439> two

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least one percent maybe as high as two

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least one percent maybe as high as two percent<00:00:24.240> for<00:00:24.400> around<00:00:24.720> 25<00:00:25.439> million<00:00:25.920> workers

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percent for around 25 million workers

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percent for around 25 million workers next<00:00:26.640> week<00:00:27.199> joining<00:00:27.439> me<00:00:27.519> live<00:00:27.760> on<00:00:27.920> lbc<00:00:28.400> news<00:00:28.800> is

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next week joining me live on lbc news is

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next week joining me live on lbc news is a<00:00:29.199> gary<00:00:29.760> stevenson<00:00:30.560> who's<00:00:30.880> an<00:00:31.039> inequality

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a gary stevenson who's an inequality

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a gary stevenson who's an inequality economist

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economist

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economist gary<00:00:33.200> thank<00:00:33.360> you<00:00:33.360> for<00:00:33.440> your<00:00:33.600> time<00:00:33.760> this

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gary thank you for your time this

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gary thank you for your time this afternoon<00:00:34.480> your<00:00:34.719> reaction<00:00:35.360> to<00:00:35.680> uh<00:00:35.920> this<00:00:36.160> story

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afternoon your reaction to uh this story

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afternoon your reaction to uh this story to<00:00:38.239> be<00:00:38.399> honest<00:00:38.719> uh<00:00:39.120> it's<00:00:39.360> pretty<00:00:39.600> shocking

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to be honest uh it's pretty shocking

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to be honest uh it's pretty shocking really<00:00:40.640> let's<00:00:40.800> look<00:00:40.960> at<00:00:41.040> the<00:00:41.120> situation<00:00:41.520> we're

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really let's look at the situation we're

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really let's look at the situation we're in<00:00:41.760> now<00:00:42.000> so<00:00:42.239> i<00:00:42.320> think<00:00:42.640> to<00:00:42.800> explain<00:00:43.120> to<00:00:43.200> the

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in now so i think to explain to the

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in now so i think to explain to the listeners<00:00:43.600> we'll<00:00:43.680> talk<00:00:43.840> a<00:00:43.920> little<00:00:44.079> bit<00:00:44.160> about

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listeners we'll talk a little bit about

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listeners we'll talk a little bit about the<00:00:44.399> numbers<00:00:44.719> okay<00:00:45.200> the<00:00:45.360> government

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the numbers okay the government

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the numbers okay the government apparently<00:00:46.079> needs<00:00:46.320> an<00:00:46.480> extra<00:00:46.719> 10<00:00:46.960> billion

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apparently needs an extra 10 billion

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apparently needs an extra 10 billion pounds<00:00:47.600> a<00:00:47.680> year<00:00:47.920> to<00:00:48.079> pay<00:00:48.239> for<00:00:48.320> social<00:00:48.719> care<00:00:48.960> all

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pounds a year to pay for social care all

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pounds a year to pay for social care all right<00:00:49.600> well<00:00:49.840> in<00:00:49.920> the<00:00:50.000> last<00:00:50.239> one<00:00:50.480> year<00:00:50.719> what's

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right well in the last one year what's

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right well in the last one year what's happened<00:00:51.199> to<00:00:51.280> the<00:00:51.360> economy<00:00:51.840> okay<00:00:52.000> well

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happened to the economy okay well

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happened to the economy okay well ordinary<00:00:52.640> people<00:00:53.280> many<00:00:53.520> have<00:00:53.600> lost<00:00:53.760> their

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ordinary people many have lost their

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ordinary people many have lost their jobs<00:00:54.079> lost<00:00:54.320> their<00:00:54.480> incomes<00:00:54.879> but<00:00:55.120> the<00:00:55.199> super

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jobs lost their incomes but the super

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jobs lost their incomes but the super rich<00:00:55.760> made<00:00:55.920> a<00:00:56.000> fortune<00:00:56.399> right<00:00:56.559> the<00:00:56.719> richest

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rich made a fortune right the richest

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rich made a fortune right the richest person<00:00:57.199> in<00:00:57.280> the<00:00:57.360> country<00:00:57.600> leonard<00:00:57.840> blavatnik

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person in the country leonard blavatnik

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person in the country leonard blavatnik has<00:00:58.480> made<00:00:58.719> over<00:00:58.879> seven<00:00:59.199> billion<00:00:59.520> pounds<00:00:59.840> in

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has made over seven billion pounds in

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has made over seven billion pounds in the<00:01:00.000> last<00:01:00.239> year<00:01:00.640> so<00:01:00.800> he<00:01:00.960> can<00:01:01.039> nearly<00:01:01.280> pay<00:01:01.440> for

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the last year so he can nearly pay for

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the last year so he can nearly pay for this<00:01:01.760> himself<00:01:02.399> the<00:01:02.559> mitel<00:01:02.879> family<00:01:03.199> have<00:01:03.280> made

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this himself the mitel family have made

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this himself the mitel family have made eight<00:01:03.680> billion<00:01:04.239> and<00:01:04.320> the<00:01:04.479> reuben<00:01:04.799> family<00:01:05.119> made

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eight billion and the reuben family made

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eight billion and the reuben family made five<00:01:05.519> billion<00:01:05.840> so<00:01:06.000> just<00:01:06.240> three<00:01:06.560> families<00:01:07.280> in

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five billion so just three families in

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five billion so just three families in the<00:01:07.439> last<00:01:07.680> one<00:01:07.840> year<00:01:08.000> the<00:01:08.080> money<00:01:08.240> they've<00:01:08.400> made

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the last one year the money they've made

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the last one year the money they've made during<00:01:08.799> kobe<00:01:09.439> could<00:01:09.680> pay<00:01:09.840> for<00:01:10.000> this<00:01:10.159> social

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during kobe could pay for this social

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during kobe could pay for this social care<00:01:10.640> need<00:01:10.880> twice<00:01:11.280> over<00:01:11.760> and<00:01:11.920> by<00:01:12.159> cristiano

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care need twice over and by cristiano

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care need twice over and by cristiano ronaldo<00:01:13.200> about<00:01:13.760> 35<00:01:14.479> times<00:01:15.040> on<00:01:15.119> top<00:01:15.360> of<00:01:15.439> that

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ronaldo about 35 times on top of that

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ronaldo about 35 times on top of that and<00:01:16.000> yet<00:01:16.240> in<00:01:16.320> spite<00:01:16.640> of<00:01:16.720> that<00:01:16.960> the<00:01:17.040> government

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and yet in spite of that the government

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and yet in spite of that the government whose<00:01:18.159> chancellor<00:01:18.640> which<00:01:18.720> is<00:01:18.880> the<00:01:18.960> next

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whose chancellor which is the next

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whose chancellor which is the next family<00:01:19.439> are<00:01:19.600> themselves<00:01:20.080> billionaires<00:01:20.960> have

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family are themselves billionaires have

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family are themselves billionaires have chosen<00:01:21.520> instead<00:01:21.920> of<00:01:22.000> taxing<00:01:22.320> the

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chosen instead of taxing the

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chosen instead of taxing the billionaires<00:01:23.119> they're<00:01:23.280> going<00:01:23.439> to<00:01:23.520> tax

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billionaires they're going to tax

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billionaires they're going to tax ordinary<00:01:24.320> working<00:01:24.720> people<00:01:25.200> and<00:01:25.280> it's<00:01:25.439> going

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ordinary working people and it's going

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ordinary working people and it's going to<00:01:25.600> be<00:01:25.920> if<00:01:26.080> it's<00:01:26.240> one<00:01:26.400> percent<00:01:26.799> an<00:01:26.960> extra<00:01:27.600> 200

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to be if it's one percent an extra 200

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to be if it's one percent an extra 200 pound<00:01:28.560> tax<00:01:28.880> on<00:01:29.040> an<00:01:29.200> ordinary<00:01:29.520> person<00:01:29.840> if<00:01:30.000> it's

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pound tax on an ordinary person if it's

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pound tax on an ordinary person if it's two<00:01:30.240> percent<00:01:30.720> an<00:01:30.880> extra<00:01:31.119> four<00:01:31.280> hundred<00:01:31.600> pounds

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two percent an extra four hundred pounds

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two percent an extra four hundred pounds so<00:01:32.159> while<00:01:32.400> leonardo<00:01:32.640> dicaprio<00:01:33.600> that<00:01:33.759> makes<00:01:34.079> it

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so while leonardo dicaprio that makes it

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so while leonardo dicaprio that makes it make<00:01:34.320> seven<00:01:34.560> billion<00:01:34.960> pounds<00:01:35.439> ordinary

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make seven billion pounds ordinary

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make seven billion pounds ordinary workers<00:01:36.240> are<00:01:36.320> going<00:01:36.400> to<00:01:36.560> pay<00:01:36.720> extra<00:01:36.880> 400<00:01:37.280> a

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workers are going to pay extra 400 a

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workers are going to pay extra 400 a year<00:01:37.600> well<00:01:37.680> why<00:01:37.840> do<00:01:37.920> you<00:01:38.000> think<00:01:38.159> the

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year well why do you think the

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year well why do you think the government<00:01:38.640> is<00:01:38.799> is<00:01:38.960> putting<00:01:39.200> this<00:01:39.439> on<00:01:39.520> these

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government is is putting this on these

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government is is putting this on these uh<00:01:40.640> ordinary<00:01:41.759> workers<00:01:42.560> some<00:01:42.799> arguing<00:01:43.360> that<00:01:43.680> uh

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uh ordinary workers some arguing that uh

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uh ordinary workers some arguing that uh it<00:01:44.399> could<00:01:44.560> be<00:01:44.880> boris<00:01:45.200> johnson<00:01:45.520> the<00:01:45.600> prime

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it could be boris johnson the prime

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it could be boris johnson the prime minister's<00:01:46.320> defining<00:01:46.799> moment<00:01:47.200> because

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minister's defining moment because

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minister's defining moment because despite<00:01:47.920> saying<00:01:48.240> in<00:01:48.399> the<00:01:48.560> uh<00:01:48.799> 2019

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despite saying in the uh 2019

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despite saying in the uh 2019 conservative<00:01:50.320> party<00:01:50.720> election<00:01:51.040> manifesto

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conservative party election manifesto

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conservative party election manifesto that<00:01:51.680> this<00:01:51.840> wasn't<00:01:52.079> going<00:01:52.240> to<00:01:52.320> happen<00:01:53.040> this

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that this wasn't going to happen this

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that this wasn't going to happen this could<00:01:53.360> be<00:01:53.520> him<00:01:53.759> uh<00:01:53.920> taking<00:01:54.240> metal<00:01:54.479> by<00:01:54.640> the

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could be him uh taking metal by the

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could be him uh taking metal by the horns<00:01:55.040> and<00:01:55.520> and<00:01:55.680> really<00:01:55.920> running<00:01:56.159> with<00:01:56.399> it

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horns and and really running with it

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horns and and really running with it phil<00:01:57.680> i<00:01:57.759> wish<00:01:58.079> on<00:01:58.159> you<00:01:58.399> i<00:01:58.479> wish<00:01:58.719> i<00:01:58.799> knew<00:01:58.960> i<00:01:59.040> mean

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phil i wish on you i wish i knew i mean

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phil i wish on you i wish i knew i mean you<00:01:59.520> know<00:02:00.000> if<00:02:00.159> i<00:02:00.240> was<00:02:00.479> a<00:02:00.560> fly<00:02:00.719> on<00:02:00.799> the<00:02:00.880> wall<00:02:01.040> in

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you know if i was a fly on the wall in

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you know if i was a fly on the wall in the<00:02:01.200> conservative<00:02:01.520> party<00:02:01.840> office<00:02:02.079> i'd<00:02:02.240> be

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the conservative party office i'd be

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the conservative party office i'd be able<00:02:02.479> to<00:02:02.560> tell<00:02:02.719> you<00:02:02.799> why<00:02:03.040> i<00:02:03.119> think<00:02:03.280> it<00:02:03.360> might

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able to tell you why i think it might

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able to tell you why i think it might have<00:02:03.680> something<00:02:03.920> to<00:02:04.000> do<00:02:04.079> with<00:02:04.159> the<00:02:04.240> fact<00:02:04.399> that

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have something to do with the fact that

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have something to do with the fact that the<00:02:04.640> chancellor

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the chancellor

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the chancellor himself<00:02:06.320> comes<00:02:06.479> from<00:02:06.640> a<00:02:06.719> billionaire<00:02:07.119> family

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himself comes from a billionaire family

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himself comes from a billionaire family and<00:02:07.520> that<00:02:07.600> might<00:02:07.759> lead<00:02:08.000> him<00:02:08.080> to<00:02:08.160> have<00:02:08.399> a

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and that might lead him to have a

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and that might lead him to have a reluctance<00:02:09.039> to<00:02:09.119> tax<00:02:09.360> billionaires<00:02:09.920> but<00:02:10.239> i

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reluctance to tax billionaires but i

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reluctance to tax billionaires but i mean<00:02:10.479> let's<00:02:10.640> look<00:02:10.879> at<00:02:10.959> the<00:02:11.039> numbers<00:02:11.280> here

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mean let's look at the numbers here

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mean let's look at the numbers here right<00:02:11.520> national<00:02:11.840> insurance<00:02:12.720> that<00:02:12.879> is<00:02:13.040> a<00:02:13.120> tax

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right national insurance that is a tax

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right national insurance that is a tax which<00:02:13.520> affects<00:02:13.920> only<00:02:14.239> working<00:02:14.560> people<00:02:14.959> it

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which affects only working people it

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which affects only working people it does<00:02:15.200> not<00:02:15.280> apply<00:02:15.520> to<00:02:15.680> billionaires<00:02:16.080> who<00:02:16.160> get

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does not apply to billionaires who get

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does not apply to billionaires who get their<00:02:16.400> income<00:02:16.640> from<00:02:16.800> wealth<00:02:17.040> so<00:02:17.599> if<00:02:17.760> you've

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their income from wealth so if you've

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their income from wealth so if you've got<00:02:18.080> an<00:02:18.239> income<00:02:18.480> of<00:02:18.560> 30<00:02:18.879> 000<00:02:19.120> pounds<00:02:19.440> you'll

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got an income of 30 000 pounds you'll

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got an income of 30 000 pounds you'll pay<00:02:19.760> an<00:02:19.920> extra<00:02:20.480> 200<00:02:20.959> 400<00:02:21.280> pound<00:02:21.520> a<00:02:21.599> year<00:02:21.920> but<00:02:22.080> if

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pay an extra 200 400 pound a year but if

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pay an extra 200 400 pound a year but if you're<00:02:22.319> a<00:02:22.400> billionaire<00:02:22.879> family<00:02:23.120> like

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you're a billionaire family like

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you're a billionaire family like richardson's<00:02:23.840> family<00:02:24.400> you'll<00:02:24.640> get<00:02:24.800> an<00:02:24.879> income

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richardson's family you'll get an income

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richardson's family you'll get an income of<00:02:25.200> about<00:02:25.440> 30<00:02:25.840> million<00:02:26.239> pounds<00:02:26.560> from<00:02:26.720> that

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of about 30 million pounds from that

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of about 30 million pounds from that wealth<00:02:27.120> and<00:02:27.200> you'll<00:02:27.440> pay<00:02:27.599> zero<00:02:28.080> so<00:02:28.239> the

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wealth and you'll pay zero so the

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wealth and you'll pay zero so the numbers<00:02:28.720> here<00:02:28.959> are<00:02:29.200> ordinary<00:02:29.599> working<00:02:29.920> family

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numbers here are ordinary working family

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numbers here are ordinary working family 30<00:02:30.800> grand<00:02:31.040> a<00:02:31.120> year<00:02:31.680> extra<00:02:32.000> tax<00:02:32.239> 400<00:02:32.640> pounds

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30 grand a year extra tax 400 pounds

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30 grand a year extra tax 400 pounds billionaire<00:02:33.840> family<00:02:34.080> like<00:02:34.239> richard<00:02:34.480> synax

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billionaire family like richard synax

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billionaire family like richard synax income<00:02:35.440> 30<00:02:35.840> million<00:02:36.160> pounds<00:02:36.400> a<00:02:36.480> year<00:02:37.040> extra

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income 30 million pounds a year extra

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income 30 million pounds a year extra tax<00:02:38.080> zero<00:02:38.640> you<00:02:38.720> know<00:02:38.959> these<00:02:39.200> guys<00:02:39.360> talk<00:02:39.599> about

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tax zero you know these guys talk about

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tax zero you know these guys talk about leveling<00:02:40.160> up

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leveling up

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leveling up i'm<00:02:41.200> not<00:02:41.360> quite<00:02:41.519> sure<00:02:41.680> what<00:02:41.840> kind<00:02:41.920> of<00:02:42.000> level<00:02:42.239> up

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i'm not quite sure what kind of level up

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i'm not quite sure what kind of level up this<00:02:42.560> is<00:02:42.720> other<00:02:42.959> than<00:02:43.519> making<00:02:43.840> everybody<00:02:44.239> poor

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this is other than making everybody poor

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this is other than making everybody poor except<00:02:44.640> the<00:02:44.720> billionaires<00:02:45.200> perhaps<00:02:45.760> finally

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except the billionaires perhaps finally

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except the billionaires perhaps finally gary<00:02:46.640> is<00:02:46.800> this<00:02:47.040> a<00:02:47.200> a<00:02:47.519> a<00:02:48.239> an<00:02:48.400> idea<00:02:48.720> for<00:02:48.800> more

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gary is this a a a an idea for more

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gary is this a a a an idea for more people<00:02:49.360> moving<00:02:49.760> over

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people moving over

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people moving over to<00:02:50.720> being<00:02:51.040> self-employed<00:02:51.680> where<00:02:51.840> there's<00:02:52.000> a

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to being self-employed where there's a

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to being self-employed where there's a different<00:02:52.400> national<00:02:52.720> insurance<00:02:53.120> tax<00:02:53.440> rate<00:02:53.680> to

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different national insurance tax rate to

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different national insurance tax rate to those<00:02:54.080> who<00:02:54.239> are<00:02:54.319> going<00:02:54.400> to<00:02:54.480> be<00:02:54.640> affected<00:02:55.040> by

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those who are going to be affected by

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those who are going to be affected by this<00:02:55.440> if<00:02:55.599> it<00:02:55.760> is<00:02:55.920> pushed<00:02:56.239> through<00:02:56.800> uh<00:02:56.959> who<00:02:57.440> are

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this if it is pushed through uh who are

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this if it is pushed through uh who are employed<00:02:58.319> and<00:02:58.560> uh<00:02:58.800> on<00:02:58.959> payroll

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employed and uh on payroll

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employed and uh on payroll i<00:03:00.239> mean<00:03:00.400> look<00:03:00.560> ordinary<00:03:01.040> working<00:03:01.440> people<00:03:01.760> who

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i mean look ordinary working people who

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i mean look ordinary working people who are<00:03:02.080> increasingly<00:03:02.640> being<00:03:02.879> squeezed<00:03:03.120> by<00:03:03.280> tax

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are increasingly being squeezed by tax

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are increasingly being squeezed by tax while<00:03:03.680> the<00:03:03.760> rich<00:03:04.000> pay<00:03:04.159> nothing<00:03:04.800> they're

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while the rich pay nothing they're

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while the rich pay nothing they're understandably<00:03:05.599> going<00:03:05.760> to<00:03:05.920> look<00:03:06.080> for<00:03:06.239> ways

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understandably going to look for ways

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understandably going to look for ways around<00:03:06.800> this<00:03:07.040> to<00:03:07.120> pay<00:03:07.360> less<00:03:07.519> taxes<00:03:08.000> and<00:03:08.080> you

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around this to pay less taxes and you

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around this to pay less taxes and you can<00:03:08.319> totally<00:03:08.560> understand<00:03:09.040> that<00:03:09.200> while<00:03:09.360> the

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can totally understand that while the

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can totally understand that while the super<00:03:09.760> rich<00:03:10.159> aren't<00:03:10.319> paying<00:03:10.560> their<00:03:10.800> fair

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super rich aren't paying their fair

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super rich aren't paying their fair share<00:03:11.599> but<00:03:11.840> realistically<00:03:12.400> i<00:03:12.480> think<00:03:12.640> if

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share but realistically i think if

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share but realistically i think if ordinary<00:03:13.200> people<00:03:13.760> want<00:03:14.000> to<00:03:14.159> oppose<00:03:14.879> paying

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ordinary people want to oppose paying

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ordinary people want to oppose paying more<00:03:15.360> tax<00:03:15.920> they're<00:03:16.080> really<00:03:16.319> going<00:03:16.400> to<00:03:16.480> have<00:03:16.640> to

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more tax they're really going to have to

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more tax they're really going to have to come<00:03:16.879> together<00:03:17.280> and<00:03:17.360> pressure<00:03:17.599> this

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come together and pressure this

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come together and pressure this government<00:03:18.400> to<00:03:18.640> change<00:03:18.959> their<00:03:19.120> focus<00:03:19.599> away

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government to change their focus away

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government to change their focus away from<00:03:20.159> taxing<00:03:20.560> ordinary<00:03:20.959> hard-working

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from taxing ordinary hard-working

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from taxing ordinary hard-working families<00:03:22.159> and<00:03:22.319> towards<00:03:22.879> taxing<00:03:23.280> super-rich

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families and towards taxing super-rich

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families and towards taxing super-rich families<00:03:24.480> like<00:03:24.879> the<00:03:24.959> one<00:03:25.120> our<00:03:25.280> chancellor

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families like the one our chancellor

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families like the one our chancellor belongs<00:03:25.920> to<00:03:26.159> okay<00:03:26.400> gary<00:03:26.720> stevenson<00:03:27.280> a

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belongs to okay gary stevenson a

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belongs to okay gary stevenson a inequality<00:03:28.720> economist<00:03:29.200> thank<00:03:29.360> you<00:03:29.519> for<00:03:29.599> your

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inequality economist thank you for your

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inequality economist thank you for your time<00:03:29.920> this<00:03:30.159> afternoon<00:03:31.040> housing<00:03:31.360> could<00:03:31.519> be<00:03:31.680> so

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time this afternoon housing could be so

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time this afternoon housing could be so much<00:03:32.080> more<00:03:32.239> affordable<00:03:32.959> wages<00:03:33.280> could<00:03:33.440> be<00:03:33.599> so

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much more affordable wages could be so

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much more affordable wages could be so much<00:03:34.080> higher<00:03:34.640> and<00:03:34.799> we<00:03:34.879> could<00:03:35.040> have<00:03:35.200> so<00:03:35.360> many

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much higher and we could have so many

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much higher and we could have so many more<00:03:35.840> options<00:03:36.560> in<00:03:36.640> how<00:03:36.799> we<00:03:36.879> live<00:03:37.120> our<00:03:37.200> lives

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more options in how we live our lives

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more options in how we live our lives some<00:03:37.760> of<00:03:37.840> them<00:03:37.920> put<00:03:38.080> a<00:03:38.159> lot<00:03:38.319> of<00:03:38.400> money<00:03:38.640> into

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some of them put a lot of money into

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some of them put a lot of money into paying<00:03:39.200> economists<00:03:39.760> and<00:03:39.840> think<00:03:40.080> tanks<00:03:40.400> to

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paying economists and think tanks to

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paying economists and think tanks to tell<00:03:40.799> you<00:03:41.120> that<00:03:41.360> inequality<00:03:41.920> is<00:03:42.080> important

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tell you that inequality is important

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tell you that inequality is important for<00:03:42.480> the<00:03:42.560> economy

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for the economy

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for the economy that<00:03:43.760> is<00:03:43.840> not<00:03:44.080> true

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[Music]