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Tax Wealth Not Work #shorts

June 09, 2023
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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now<00:00:00.729> on<00:00:00.969> this<00:00:01.150> channel<00:00:01.329> we<00:00:01.630> have<00:00:01.810> never<00:00:02.110> once

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now on this channel we have never once

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now on this channel we have never once supported<00:00:02.830> higher<00:00:03.250> taxes<00:00:03.669> on<00:00:03.909> working<00:00:04.150> people

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supported higher taxes on working people

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supported higher taxes on working people this<00:00:05.049> channel<00:00:05.170> has<00:00:05.589> always<00:00:05.830> been<00:00:06.190> about

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this channel has always been about

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this channel has always been about higher<00:00:07.330> taxes<00:00:07.690> on<00:00:07.930> people<00:00:08.170> with<00:00:08.590> huge<00:00:09.070> amounts

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higher taxes on people with huge amounts

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higher taxes on people with huge amounts of<00:00:10.110> accumulated<00:00:11.110> hoarded<00:00:11.710> wealth<00:00:12.009> if<00:00:12.610> you

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of accumulated hoarded wealth if you

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of accumulated hoarded wealth if you don't<00:00:12.849> tax<00:00:13.090> them<00:00:13.389> they<00:00:13.870> will<00:00:13.990> use<00:00:14.170> their

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don't tax them they will use their

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don't tax them they will use their enormous<00:00:14.710> amounts<00:00:15.190> of<00:00:15.309> income<00:00:15.910> to<00:00:16.209> buy<00:00:16.330> the

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enormous amounts of income to buy the

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enormous amounts of income to buy the rest<00:00:16.630> of<00:00:16.750> the<00:00:16.869> wealth<00:00:17.170> wealth<00:00:17.770> inequality

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rest of the wealth wealth inequality

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rest of the wealth wealth inequality will<00:00:18.310> get<00:00:18.369> higher<00:00:18.609> and<00:00:18.670> higher<00:00:18.910> we<00:00:19.210> will<00:00:19.330> lose

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will get higher and higher we will lose

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will get higher and higher we will lose our<00:00:19.630> middle<00:00:19.750> class<00:00:20.050> and<00:00:20.289> we<00:00:20.410> will<00:00:20.529> fall<00:00:20.650> into

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our middle class and we will fall into

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our middle class and we will fall into poverty<00:00:21.310> we<00:00:21.910> need<00:00:22.090> to<00:00:22.270> tax<00:00:22.590> hoarded

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poverty we need to tax hoarded

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poverty we need to tax hoarded accumulated<00:00:24.010> wealth<00:00:24.369> and<00:00:24.550> if<00:00:24.670> we<00:00:24.850> did<00:00:25.090> that<00:00:25.269> it

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accumulated wealth and if we did that it

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accumulated wealth and if we did that it would<00:00:25.570> actually<00:00:25.750> enable<00:00:26.109> us<00:00:26.289> to<00:00:26.590> potentially

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would actually enable us to potentially

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would actually enable us to potentially lower<00:00:27.630> taxes<00:00:28.630> on<00:00:28.990> working<00:00:29.289> people<00:00:29.710> now<00:00:30.670> how

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lower taxes on working people now how

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lower taxes on working people now how does<00:00:31.570> this<00:00:31.810> relate<00:00:32.290> oh<00:00:32.950> I<00:00:33.130> should<00:00:33.309> probably

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does this relate oh I should probably

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does this relate oh I should probably just<00:00:33.670> add<00:00:33.910> we're<00:00:34.750> not<00:00:34.930> even<00:00:35.110> necessarily

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just add we're not even necessarily

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just add we're not even necessarily advocating<00:00:36.370> increasing<00:00:36.969> taxes<00:00:37.390> in<00:00:37.570> general

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advocating increasing taxes in general

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advocating increasing taxes in general really<00:00:38.530> this<00:00:38.829> is<00:00:38.950> about<00:00:39.130> changing<00:00:39.730> who<00:00:40.149> pays

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really this is about changing who pays

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really this is about changing who pays taxes<00:00:40.930> at<00:00:41.710> the<00:00:41.829> moment<00:00:42.010> we<00:00:42.190> have<00:00:42.370> a<00:00:42.489> system

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taxes at the moment we have a system

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taxes at the moment we have a system where<00:00:43.030> if<00:00:43.570> you<00:00:43.690> come<00:00:43.809> from<00:00:43.989> an<00:00:44.110> ordinary

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where if you come from an ordinary

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where if you come from an ordinary background<00:00:44.829> and<00:00:45.309> you<00:00:45.370> get<00:00:45.550> a<00:00:45.670> great<00:00:45.790> job<00:00:45.969> and

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background and you get a great job and

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background and you get a great job and you<00:00:46.390> make<00:00:46.510> a<00:00:46.629> lot<00:00:46.750> of<00:00:46.870> money<00:00:46.989> you<00:00:47.410> pay<00:00:47.590> a<00:00:47.710> ton<00:00:47.829> of

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you make a lot of money you pay a ton of

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you make a lot of money you pay a ton of tax<00:00:48.190> whereas<00:00:48.789> The<00:00:48.910> Duke<00:00:49.030> of<00:00:49.149> Westminster

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tax whereas The Duke of Westminster

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tax whereas The Duke of Westminster inheriting<00:00:50.350> 10<00:00:50.469> billion<00:00:50.770> pounds<00:00:51.070> and<00:00:51.309> paid

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inheriting 10 billion pounds and paid

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inheriting 10 billion pounds and paid nothing<00:00:51.789> so<00:00:52.570> at<00:00:52.750> the<00:00:52.870> moment<00:00:53.430> hard-working

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nothing so at the moment hard-working

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nothing so at the moment hard-working people<00:00:54.550> are<00:00:54.850> paying<00:00:55.090> too<00:00:55.210> much<00:00:55.329> tax<00:00:55.629> Super

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people are paying too much tax Super

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people are paying too much tax Super Rich<00:00:56.590> are<00:00:56.770> not<00:00:56.890> paying<00:00:57.129> enough