this<00:00:00.199> is<00:00:00.359> about<00:00:00.760> families<00:00:01.120> who<00:00:01.280> have<00:00:01.439> wealth

this is about families who have wealth

this is about families who have wealth of<00:00:01.880> $100<00:00:02.280> million<00:00:02.960> a<00:00:03.120> billion<00:00:03.960> dollars<00:00:04.960> these

of $100 million a billion dollars these

of $100 million a billion dollars these guys<00:00:05.480> you<00:00:05.600> can't<00:00:05.799> compete<00:00:06.120> with<00:00:06.240> them<00:00:06.399> they

guys you can't compete with them they

guys you can't compete with them they will<00:00:06.640> get<00:00:06.759> your<00:00:06.919> stuff<00:00:07.399> we're<00:00:07.600> talking<00:00:08.000> now<00:00:08.320> in

will get your stuff we're talking now in

will get your stuff we're talking now in 2024<00:00:09.440> and<00:00:09.599> we're<00:00:09.760> we're<00:00:09.880> on<00:00:10.000> the<00:00:10.200> back<00:00:10.360> end<00:00:10.759> of

2024 and we're we're on the back end of

2024 and we're we're on the back end of really<00:00:11.240> a<00:00:11.440> golden<00:00:11.920> 70<00:00:12.400> years<00:00:12.599> or<00:00:12.759> even<00:00:12.960> in<00:00:13.080> the

really a golden 70 years or even in the

really a golden 70 years or even in the states<00:00:13.440> maybe<00:00:13.920> 100<00:00:14.240> Years<00:00:14.519> of<00:00:14.639> Living

states maybe 100 Years of Living

states maybe 100 Years of Living standards<00:00:15.280> for<00:00:15.360> the<00:00:15.440> middle<00:00:15.719> class<00:00:16.279> okay<00:00:17.119> we

standards for the middle class okay we

standards for the middle class okay we have<00:00:17.400> lived<00:00:17.640> through<00:00:17.800> a<00:00:17.960> period<00:00:18.359> where<00:00:18.840> people

have lived through a period where people

have lived through a period where people like<00:00:19.600> our<00:00:19.960> parents<00:00:20.400> have<00:00:20.560> been<00:00:20.720> able<00:00:20.920> to

like our parents have been able to

like our parents have been able to provide<00:00:21.439> decent<00:00:21.800> standards<00:00:22.119> of<00:00:22.240> living<00:00:22.439> for

provide decent standards of living for

provide decent standards of living for their<00:00:22.720> kids<00:00:22.920> on<00:00:23.119> regular<00:00:23.599> wages<00:00:24.560> that<00:00:24.680> is<00:00:24.800> not

their kids on regular wages that is not

their kids on regular wages that is not the<00:00:25.080> historical<00:00:25.519> Norm<00:00:26.279> if<00:00:26.359> you<00:00:26.480> look<00:00:26.599> at<00:00:26.720> the

the historical Norm if you look at the

the historical Norm if you look at the past<00:00:27.080> 2,000<00:00:27.560> years<00:00:27.679> of<00:00:27.840> History<00:00:28.599> most<00:00:28.840> of

past 2,000 years of History most of

past 2,000 years of History most of history<00:00:29.720> is<00:00:30.240> a<00:00:30.400> small<00:00:30.880> group<00:00:31.200> of<00:00:32.200> extremely

history is a small group of extremely

history is a small group of extremely wealthy<00:00:33.079> people<00:00:33.719> and<00:00:33.879> a<00:00:34.120> vast<00:00:34.480> mass<00:00:34.680> of

wealthy people and a vast mass of

wealthy people and a vast mass of extremely<00:00:35.320> impoverished<00:00:35.960> people<00:00:36.760> and<00:00:36.960> that

extremely impoverished people and that

extremely impoverished people and that is<00:00:37.520> because<00:00:38.520> you<00:00:38.719> get<00:00:38.960> Dynamics<00:00:39.440> like<00:00:39.600> what<00:00:39.719> is

is because you get Dynamics like what is

is because you get Dynamics like what is happening<00:00:40.239> now<00:00:41.200> when<00:00:41.360> you<00:00:41.520> have<00:00:41.800> very<00:00:42.079> very

happening now when you have very very

happening now when you have very very powerful<00:00:42.800> people<00:00:43.480> they<00:00:43.600> can<00:00:43.760> use<00:00:44.079> that<00:00:44.280> power

powerful people they can use that power

powerful people they can use that power to<00:00:45.039> buy<00:00:45.360> the<00:00:45.559> assets<00:00:45.960> of<00:00:46.120> less<00:00:46.320> powerful

to buy the assets of less powerful

to buy the assets of less powerful groups<00:00:47.199> which<00:00:47.320> at<00:00:47.440> the<00:00:47.520> moment<00:00:47.760> is<00:00:47.879> the<00:00:47.960> middle

groups which at the moment is the middle

groups which at the moment is the middle class<00:00:48.399> in<00:00:48.520> the<00:00:48.640> government<00:00:49.440> the<00:00:49.520> only<00:00:49.719> reason

class in the government the only reason

class in the government the only reason we<00:00:50.079> didn't<00:00:50.360> have<00:00:50.559> that<00:00:50.719> is<00:00:50.879> because<00:00:51.079> for<00:00:51.399> 100

we didn't have that is because for 100

we didn't have that is because for 100 years<00:00:51.920> we<00:00:52.079> taxed<00:00:52.480> very<00:00:52.680> rich<00:00:52.840> people<00:00:53.039> at

years we taxed very rich people at

years we taxed very rich people at extremely<00:00:53.600> high<00:00:53.760> rates<00:00:54.559> and<00:00:54.719> that<00:00:54.879> prevented

extremely high rates and that prevented

extremely high rates and that prevented them<00:00:55.600> from<00:00:55.800> accumulating<00:00:56.239> the<00:00:56.320> rest<00:00:56.440> of<00:00:56.520> the

them from accumulating the rest of the

them from accumulating the rest of the assets