but<00:00:00.640> um

but um

but um if<00:00:01.760> you<00:00:01.839> don't<00:00:02.159> hit<00:00:02.399> these<00:00:02.879> super<00:00:03.200> rich

if you don't hit these super rich

if you don't hit these super rich then<00:00:04.319> they<00:00:04.480> will<00:00:04.640> use<00:00:04.880> their<00:00:05.040> enormous

then they will use their enormous

then they will use their enormous incomes

incomes

incomes to<00:00:06.960> buy<00:00:07.200> your<00:00:07.440> assets<00:00:07.839> and<00:00:08.080> that<00:00:08.240> is<00:00:08.320> what

to buy your assets and that is what

to buy your assets and that is what you're<00:00:08.559> seeing<00:00:08.720> they'll<00:00:08.880> squeeze<00:00:09.200> you<00:00:09.360> out

you're seeing they'll squeeze you out

you're seeing they'll squeeze you out what<00:00:09.679> we're<00:00:09.840> seeing<00:00:10.240> increasingly<00:00:10.639> the

what we're seeing increasingly the

what we're seeing increasingly the middle<00:00:10.960> class<00:00:11.120> being<00:00:11.280> squeezed<00:00:11.599> out<00:00:11.759> now<00:00:11.920> i

middle class being squeezed out now i

middle class being squeezed out now i know<00:00:12.160> and<00:00:12.240> i<00:00:12.320> want<00:00:12.400> you<00:00:12.559> to<00:00:12.639> think<00:00:12.800> if<00:00:12.880> you<00:00:13.040> if

know and i want you to think if you if

know and i want you to think if you if you<00:00:13.280> own<00:00:13.440> a<00:00:13.519> million<00:00:13.759> pound<00:00:14.000> house<00:00:14.160> even<00:00:14.400> if

you own a million pound house even if

you own a million pound house even if you're<00:00:14.639> in<00:00:14.719> a<00:00:14.960> 600<00:00:15.440> 000<00:00:15.599> pound<00:00:15.759> house

you're in a 600 000 pound house

you're in a 600 000 pound house i<00:00:16.800> want<00:00:16.960> you<00:00:17.039> to<00:00:17.119> think

i want you to think

i want you to think what<00:00:18.080> are<00:00:18.160> your<00:00:18.240> kids<00:00:18.480> going<00:00:18.640> to<00:00:18.720> do

what are your kids going to do

what are your kids going to do how<00:00:19.920> are<00:00:20.000> they<00:00:20.480> on<00:00:21.039> you<00:00:21.199> know<00:00:21.520> regular<00:00:21.920> income

how are they on you know regular income

how are they on you know regular income is<00:00:22.320> 30<00:00:22.560> 40<00:00:22.880> 000<00:00:23.119> pounds<00:00:23.439> you<00:00:23.600> know

is 30 40 000 pounds you know

is 30 40 000 pounds you know how<00:00:24.560> are<00:00:24.640> they<00:00:24.800> going<00:00:24.880> to<00:00:24.960> buy<00:00:25.119> a<00:00:25.119> house<00:00:25.279> when

how are they going to buy a house when

how are they going to buy a house when houses<00:00:25.760> cost<00:00:25.920> 600<00:00:26.320> 000<00:00:26.560> pounds<00:00:27.039> you<00:00:27.119> know<00:00:27.199> what

houses cost 600 000 pounds you know what

houses cost 600 000 pounds you know what i<00:00:27.359> mean<00:00:27.680> are<00:00:27.840> they<00:00:28.000> all<00:00:28.160> going<00:00:28.320> to<00:00:28.400> live<00:00:28.560> in

i mean are they all going to live in

i mean are they all going to live in your<00:00:28.800> house<00:00:28.960> forever<00:00:29.840> you<00:00:30.000> know

your house forever you know

your house forever you know you<00:00:30.880> know<00:00:31.039> this<00:00:31.279> is

you know this is

you know this is the<00:00:33.120> situation<00:00:33.600> we<00:00:33.680> are<00:00:33.840> in<00:00:34.079> is<00:00:34.160> that

the situation we are in is that

the situation we are in is that ordinary<00:00:36.320> people<00:00:36.559> in<00:00:36.640> this<00:00:36.800> country<00:00:37.200> ordinary

ordinary people in this country ordinary

ordinary people in this country ordinary families<00:00:38.079> who<00:00:38.239> do<00:00:38.399> have<00:00:38.559> wealth<00:00:39.040> are<00:00:39.200> losing

families who do have wealth are losing

families who do have wealth are losing their<00:00:39.680> wealth

their wealth

their wealth year<00:00:41.280> after<00:00:41.520> year<00:00:41.680> generation<00:00:42.000> after

year after year generation after

year after year generation after generation<00:00:42.719> to<00:00:42.879> the<00:00:42.960> rich<00:00:43.680> and<00:00:43.840> if<00:00:44.000> that<00:00:44.719> is

generation to the rich and if that is

generation to the rich and if that is allowed<00:00:45.120> to<00:00:45.200> continue<00:00:45.760> and<00:00:46.079> and<00:00:46.239> then<00:00:46.399> they

allowed to continue and and then they

allowed to continue and and then they are<00:00:47.120> paying<00:00:47.360> higher<00:00:47.520> rates<00:00:47.760> of<00:00:47.840> tax<00:00:48.079> in<00:00:48.160> their

are paying higher rates of tax in their

are paying higher rates of tax in their rich<00:00:48.480> teeth<00:00:48.960> if<00:00:49.120> that<00:00:49.280> is<00:00:49.360> allowed<00:00:49.600> to

rich teeth if that is allowed to

rich teeth if that is allowed to continue<00:00:50.000> then<00:00:50.160> it<00:00:50.239> is<00:00:50.399> inevitable<00:00:50.879> that<00:00:51.039> we

continue then it is inevitable that we

continue then it is inevitable that we will<00:00:51.280> see

will see

will see broad<00:00:52.719> increase<00:00:53.120> and<00:00:53.199> we<00:00:53.280> will<00:00:53.440> eventually

broad increase and we will eventually

broad increase and we will eventually reach<00:00:54.079> a<00:00:54.160> place<00:00:54.320> of<00:00:54.399> mass<00:00:54.640> poverty<00:00:54.879> in<00:00:55.039> this

reach a place of mass poverty in this

reach a place of mass poverty in this country<00:00:55.440> which<00:00:55.920> we<00:00:56.079> within<00:00:56.320> 100<00:00:56.640> years<00:00:56.800> ago