The<00:00:00.240> message<00:00:00.320> I<00:00:00.560> want<00:00:00.640> to<00:00:00.719> send<00:00:00.800> across<00:00:01.040> here

The message I want to send across here

The message I want to send across here is<00:00:01.439> this<00:00:01.600> is<00:00:01.680> not<00:00:01.839> a<00:00:02.080> temporary<00:00:02.480> recession.

is this is not a temporary recession.

is this is not a temporary recession. This<00:00:03.200> is<00:00:03.360> not<00:00:03.520> two<00:00:03.679> bad<00:00:03.919> years,<00:00:04.160> three<00:00:04.400> bad

This is not two bad years, three bad

This is not two bad years, three bad years.<00:00:05.040> If<00:00:05.279> we<00:00:05.440> do<00:00:05.680> not<00:00:05.839> deal<00:00:06.319> with<00:00:06.560> this

years. If we do not deal with this

years. If we do not deal with this crisis<00:00:07.200> of<00:00:07.440> worsening<00:00:07.919> and<00:00:08.080> worsening

crisis of worsening and worsening

crisis of worsening and worsening inequality,<00:00:09.200> it<00:00:09.360> will<00:00:09.519> get<00:00:09.679> worse<00:00:09.920> and<00:00:10.160> worse

inequality, it will get worse and worse

inequality, it will get worse and worse and<00:00:10.639> worse.<00:00:11.120> The<00:00:11.360> super<00:00:11.599> rich<00:00:11.840> will<00:00:12.000> get

and worse. The super rich will get

and worse. The super rich will get richer<00:00:12.400> and<00:00:12.559> richer<00:00:12.800> and<00:00:12.960> richer<00:00:13.280> and<00:00:13.440> that

richer and richer and richer and that

richer and richer and richer and that will<00:00:13.759> push<00:00:14.000> everyone<00:00:14.320> else<00:00:14.480> out.<00:00:15.040> Wealth

will push everyone else out. Wealth

will push everyone else out. Wealth state<00:00:15.519> will<00:00:15.679> shut<00:00:15.839> down.<00:00:16.160> Ordinary<00:00:16.560> families

state will shut down. Ordinary families

state will shut down. Ordinary families can't<00:00:17.119> buy<00:00:17.359> homes.<00:00:17.920> This<00:00:18.160> will<00:00:18.320> get<00:00:18.480> massively

can't buy homes. This will get massively

can't buy homes. This will get massively worse.<00:00:19.600> We<00:00:19.760> currently<00:00:20.080> have<00:00:20.160> a<00:00:20.320> tax<00:00:20.560> system

worse. We currently have a tax system

worse. We currently have a tax system which<00:00:21.119> taxes<00:00:21.520> ordinary<00:00:22.000> working<00:00:22.320> people<00:00:22.880> 30

which taxes ordinary working people 30

which taxes ordinary working people 30 40<00:00:23.840> 50%<00:00:24.640> while<00:00:24.960> billionaires<00:00:25.600> like<00:00:25.760> the<00:00:25.920> juke

40 50% while billionaires like the juke

40 50% while billionaires like the juke of<00:00:26.160> Westminster<00:00:26.800> inherit<00:00:27.439> 10<00:00:27.519> billion<00:00:27.840> pounds

of Westminster inherit 10 billion pounds

of Westminster inherit 10 billion pounds and<00:00:28.480> pay<00:00:28.720> nothing.<00:00:29.439> You<00:00:29.679> need<00:00:29.840> to<00:00:30.000> change<00:00:30.160> the

and pay nothing. You need to change the

and pay nothing. You need to change the tax<00:00:30.640> system<00:00:31.039> so<00:00:31.199> that<00:00:31.359> we<00:00:31.519> tax<00:00:31.760> ordinary

tax system so that we tax ordinary

tax system so that we tax ordinary working<00:00:32.559> people<00:00:32.800> like<00:00:32.960> your<00:00:33.200> viewers<00:00:33.600> less

working people like your viewers less

working people like your viewers less and<00:00:34.079> tax<00:00:34.320> the<00:00:34.480> rich<00:00:34.640> and<00:00:34.800> the<00:00:34.960> super<00:00:35.200> rich

and tax the rich and the super rich

and tax the rich and the super rich more.<00:00:35.680> If<00:00:35.760> you<00:00:35.920> don't<00:00:36.079> do<00:00:36.160> that,<00:00:36.559> they're

more. If you don't do that, they're

more. If you don't do that, they're going<00:00:36.800> to<00:00:36.880> eat<00:00:36.960> us<00:00:37.120> alive.

going to eat us alive.

going to eat us alive. >> So,<00:00:37.600> put<00:00:37.680> a<00:00:37.760> figure<00:00:38.000> on<00:00:38.079> it.<00:00:38.399> What<00:00:38.719> What<00:00:39.040> kind

>> So, put a figure on it. What What kind

>> So, put a figure on it. What What kind of<00:00:39.200> wealth<00:00:39.520> tax<00:00:39.840> would<00:00:40.079> you<00:00:40.160> introduce?<00:00:40.640> And

of wealth tax would you introduce? And

of wealth tax would you introduce? And where<00:00:40.960> would<00:00:41.040> the<00:00:41.200> limit<00:00:41.520> start?

where would the limit start?

where would the limit start? >> So,<00:00:42.000> I<00:00:42.160> want<00:00:42.239> to<00:00:42.320> be<00:00:42.480> clear<00:00:42.640> when<00:00:42.879> I'm<00:00:43.040> talking

>> So, I want to be clear when I'm talking

>> So, I want to be clear when I'm talking about<00:00:43.360> taxing<00:00:43.680> the<00:00:43.760> rich.<00:00:44.000> It's<00:00:44.160> not<00:00:44.239> about

about taxing the rich. It's not about

about taxing the rich. It's not about income.<00:00:44.879> It's<00:00:45.120> not<00:00:45.200> about<00:00:45.440> work.<00:00:45.760> It's<00:00:46.000> not

income. It's not about work. It's not

income. It's not about work. It's not about<00:00:46.399> bankers,<00:00:46.960> lawyers,<00:00:47.440> god<00:00:47.680> forbid,<00:00:48.000> even

about bankers, lawyers, god forbid, even

about bankers, lawyers, god forbid, even YouTubers<00:00:48.719> or<00:00:48.960> TV<00:00:49.200> presenters.<00:00:49.920> It's<00:00:50.160> about

YouTubers or TV presenters. It's about

YouTubers or TV presenters. It's about assets.

assets.

assets. >> We<00:00:51.600> we<00:00:51.920> talk<00:00:52.079> about<00:00:52.160> assets<00:00:52.559> over<00:00:52.719> 10<00:00:52.960> million.

>> We we talk about assets over 10 million.

>> We we talk about assets over 10 million. But<00:00:53.440> really<00:00:53.680> the<00:00:53.920> problem<00:00:54.079> is<00:00:54.320> billionaires,

But really the problem is billionaires,

But really the problem is billionaires, people<00:00:55.120> with<00:00:55.440> its<00:00:55.600> assets<00:00:55.920> of<00:00:56.000> over<00:00:56.160> 100

people with its assets of over 100

people with its assets of over 100 million.