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Reform will win if we don't tackle inequality

July 23, 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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I<00:00:00.240> would<00:00:00.400> like<00:00:00.480> to<00:00:00.640> send<00:00:00.800> the<00:00:00.960> message<00:00:01.280> out<00:00:01.680> to

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I would like to send the message out to

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I would like to send the message out to the<00:00:02.000> Labor<00:00:02.399> Party.<00:00:03.200> You<00:00:03.360> guys<00:00:03.520> won<00:00:03.679> an

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the Labor Party. You guys won an

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the Labor Party. You guys won an election<00:00:04.080> one<00:00:04.319> year<00:00:04.480> ago.<00:00:04.799> You've<00:00:05.040> got<00:00:05.200> 4

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election one year ago. You've got 4

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election one year ago. You've got 4 years<00:00:05.680> until<00:00:06.000> the<00:00:06.319> next<00:00:06.560> election.<00:00:07.200> If<00:00:07.440> you<00:00:07.520> do

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years until the next election. If you do

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years until the next election. If you do not<00:00:07.919> deal<00:00:08.240> with<00:00:08.400> this<00:00:08.639> rapidly<00:00:09.040> growing

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not deal with this rapidly growing

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not deal with this rapidly growing inequality<00:00:09.599> of<00:00:09.840> wealth,<00:00:10.320> the<00:00:10.559> economy<00:00:10.880> will

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inequality of wealth, the economy will

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inequality of wealth, the economy will collapse<00:00:11.440> and<00:00:11.679> you<00:00:11.920> guys<00:00:12.080> will<00:00:12.320> get

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collapse and you guys will get

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collapse and you guys will get absolutely<00:00:12.880> smashed<00:00:13.200> at<00:00:13.440> the<00:00:13.599> next<00:00:13.759> election.

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absolutely smashed at the next election.

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absolutely smashed at the next election. But<00:00:14.559> more<00:00:14.799> importantly<00:00:15.200> than<00:00:15.360> that,<00:00:15.839> this

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But more importantly than that, this

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But more importantly than that, this country<00:00:16.320> will<00:00:16.560> collapse<00:00:16.880> into<00:00:17.119> desperate,

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country will collapse into desperate,

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country will collapse into desperate, desperate<00:00:17.920> poverty.<00:00:18.720> I<00:00:18.960> don't<00:00:19.039> want<00:00:19.199> that<00:00:19.359> to

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desperate poverty. I don't want that to

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desperate poverty. I don't want that to happen<00:00:19.840> and<00:00:20.080> I'm<00:00:20.320> hoping<00:00:20.720> that<00:00:20.960> you<00:00:21.199> don't

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happen and I'm hoping that you don't

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happen and I'm hoping that you don't want<00:00:21.439> that<00:00:21.600> to<00:00:21.760> happen.<00:00:22.320> If<00:00:22.480> there's<00:00:22.800> one

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want that to happen. If there's one

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want that to happen. If there's one single<00:00:23.600> MP<00:00:23.840> out<00:00:24.000> there<00:00:24.080> in<00:00:24.240> Labor<00:00:24.560> that

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single MP out there in Labor that

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single MP out there in Labor that doesn't<00:00:24.880> want<00:00:25.039> the<00:00:25.199> country<00:00:25.359> to<00:00:25.519> collapse,

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doesn't want the country to collapse,

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doesn't want the country to collapse, get<00:00:26.560> in<00:00:26.720> touch.<00:00:27.199> Because<00:00:27.439> the<00:00:27.680> truth<00:00:27.920> of<00:00:28.080> the

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get in touch. Because the truth of the

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get in touch. Because the truth of the matter<00:00:28.400> is,<00:00:29.439> if<00:00:29.920> Labor<00:00:30.320> doesn't<00:00:30.560> deal<00:00:30.720> with

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matter is, if Labor doesn't deal with

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matter is, if Labor doesn't deal with this,<00:00:31.039> which<00:00:31.199> it<00:00:31.439> looks<00:00:31.599> like<00:00:31.679> they<00:00:31.920> won't,

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this, which it looks like they won't,

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this, which it looks like they won't, the<00:00:32.719> economy<00:00:33.040> will<00:00:33.200> get<00:00:33.360> worse<00:00:33.600> and<00:00:33.840> worse<00:00:34.079> and

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the economy will get worse and worse and

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the economy will get worse and worse and worse<00:00:34.480> and<00:00:34.719> worse.<00:00:35.440> Labor<00:00:35.760> will<00:00:36.000> get<00:00:36.160> more<00:00:36.320> and

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worse and worse. Labor will get more and

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worse and worse. Labor will get more and more<00:00:36.719> and<00:00:36.960> more<00:00:37.120> and<00:00:37.280> more<00:00:37.440> unpopular.<00:00:38.640> Star

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more and more and more unpopular. Star

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more and more and more unpopular. Star will<00:00:39.120> get<00:00:39.200> more<00:00:39.360> and<00:00:39.520> more<00:00:39.680> unpopular.<00:00:40.399> Reeves

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will get more and more unpopular. Reeves

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will get more and more unpopular. Reeves will<00:00:40.879> get<00:00:40.960> more<00:00:41.040> and<00:00:41.200> more<00:00:41.360> unpopular.<00:00:42.160> They

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will get more and more unpopular. They

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will get more and more unpopular. They will<00:00:42.559> end<00:00:42.719> up<00:00:42.800> in<00:00:42.960> a<00:00:43.200> position<00:00:43.360> where<00:00:43.600> they

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will end up in a position where they

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will end up in a position where they will<00:00:43.920> probably<00:00:44.320> be<00:00:44.559> forced<00:00:44.960> to<00:00:45.280> do<00:00:45.440> a<00:00:45.600> massive

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will probably be forced to do a massive

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will probably be forced to do a massive rebrand<00:00:46.559> and<00:00:47.039> probably<00:00:47.520> change<00:00:47.840> leadership

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rebrand and probably change leadership

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rebrand and probably change leadership before<00:00:48.879> the<00:00:49.039> next<00:00:49.280> election.<00:00:50.559> Whoever<00:00:50.879> is<00:00:51.039> in

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before the next election. Whoever is in

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before the next election. Whoever is in charge<00:00:51.680> of<00:00:51.920> the<00:00:52.079> Labor<00:00:52.399> Party<00:00:52.719> going<00:00:52.960> to<00:00:53.039> the

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charge of the Labor Party going to the

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charge of the Labor Party going to the next<00:00:53.360> election,

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next election,

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next election, if<00:00:55.280> we<00:00:55.520> do<00:00:55.760> not<00:00:55.920> have<00:00:56.239> an<00:00:56.559> offer<00:00:56.800> on<00:00:56.960> the<00:00:57.120> table

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if we do not have an offer on the table

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if we do not have an offer on the table that<00:00:57.840> is<00:00:58.079> serious<00:00:58.480> about<00:00:58.719> reducing

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that is serious about reducing

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that is serious about reducing inequality,<00:01:00.239> then<00:01:00.399> it<00:01:00.559> will<00:01:00.640> be<00:01:00.719> fraud.<00:01:01.359> It

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inequality, then it will be fraud. It

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inequality, then it will be fraud. It will<00:01:01.600> be<00:01:01.680> reform.<00:01:02.320> And<00:01:02.480> I<00:01:02.719> worry<00:01:02.960> about<00:01:03.039> what

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will be reform. And I worry about what

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will be reform. And I worry about what that<00:01:03.440> means.<00:01:03.920> And<00:01:04.080> for<00:01:04.320> whatever<00:01:04.640> you<00:01:04.799> or<00:01:04.879> I

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that means. And for whatever you or I

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that means. And for whatever you or I might<00:01:05.280> think,<00:01:05.920> uh,<00:01:06.000> because<00:01:06.240> of<00:01:06.320> the

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might think, uh, because of the

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might think, uh, because of the political<00:01:06.799> system<00:01:06.960> we<00:01:07.119> have<00:01:07.200> in<00:01:07.360> this

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political system we have in this

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political system we have in this country,<00:01:07.840> I<00:01:08.080> don't<00:01:08.159> see<00:01:08.320> any<00:01:08.560> realistic<00:01:09.040> way

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country, I don't see any realistic way

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country, I don't see any realistic way of<00:01:10.080> fixing<00:01:10.400> the<00:01:10.560> economy<00:01:11.040> without<00:01:11.760> going

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of fixing the economy without going

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of fixing the economy without going through<00:01:12.240> labor.<00:01:12.560> And<00:01:12.720> that<00:01:12.960> doesn't<00:01:13.119> mean<00:01:13.200> I

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through labor. And that doesn't mean I

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through labor. And that doesn't mean I won't<00:01:13.520> talk<00:01:13.600> to<00:01:13.760> the<00:01:13.840> Greens<00:01:14.080> or<00:01:14.240> anyone<00:01:14.560> else

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won't talk to the Greens or anyone else

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won't talk to the Greens or anyone else who<00:01:14.960> who<00:01:15.200> or<00:01:15.439> the<00:01:15.520> Liberal<00:01:15.760> Democrats<00:01:16.240> or<00:01:16.400> or

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who who or the Liberal Democrats or or

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who who or the Liberal Democrats or or even<00:01:16.960> conservatives<00:01:17.439> or<00:01:17.600> reform.<00:01:18.159> But<00:01:18.240> I

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even conservatives or reform. But I

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even conservatives or reform. But I think<00:01:18.479> our<00:01:18.720> best<00:01:18.880> chance<00:01:19.200> is<00:01:19.439> to<00:01:19.600> try<00:01:19.759> to<00:01:19.920> get

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think our best chance is to try to get

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think our best chance is to try to get Labor<00:01:20.479> to<00:01:20.720> not<00:01:20.880> be<00:01:21.200> so<00:01:21.439> aggressively.<00:01:22.320> So<00:01:22.479> I'm

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Labor to not be so aggressively. So I'm

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Labor to not be so aggressively. So I'm here<00:01:22.880> if<00:01:23.119> you<00:01:23.280> want<00:01:23.360> to<00:01:23.439> talk<00:01:23.600> to<00:01:23.759> me.