we're<00:00:01.839> off<00:00:02.000> to<00:00:02.159> film<00:00:02.399> with<00:00:02.560> this<00:00:02.720> german<00:00:03.040> tv

we're off to film with this german tv

we're off to film with this german tv channel

[Music]

[Music]

[Music] gary<00:00:17.039> let's

gary let's

gary let's start<00:00:19.119> off<00:00:19.439> with<00:00:19.680> um<00:00:20.000> the<00:00:20.160> political<00:00:20.720> bits

start off with um the political bits

start off with um the political bits that<00:00:21.199> talk<00:00:21.520> there's<00:00:21.760> a<00:00:21.840> lot<00:00:22.000> of<00:00:22.160> talk<00:00:22.720> now<00:00:23.199> and

that talk there's a lot of talk now and

that talk there's a lot of talk now and actually<00:00:23.760> informal<00:00:24.080> government's<00:00:24.480> already

actually informal government's already

actually informal government's already of<00:00:25.119> leveling<00:00:25.599> up

of leveling up

of leveling up yeah<00:00:27.519> yeah<00:00:27.920> what<00:00:28.080> do<00:00:28.160> you<00:00:28.240> think<00:00:28.400> about<00:00:28.840> that

yeah yeah what do you think about that

yeah yeah what do you think about that uh<00:00:30.320> it's<00:00:30.480> a<00:00:30.560> great<00:00:30.720> idea<00:00:31.199> it'd<00:00:31.359> be<00:00:31.439> nice<00:00:31.679> if

uh it's a great idea it'd be nice if

uh it's a great idea it'd be nice if they<00:00:31.920> did<00:00:32.160> it<00:00:32.719> um<00:00:33.360> leveling<00:00:33.760> up<00:00:33.920> obviously

they did it um leveling up obviously

they did it um leveling up obviously it's<00:00:35.760> often<00:00:36.000> not<00:00:36.160> clear<00:00:36.320> what<00:00:36.480> it's<00:00:36.640> meant

it's often not clear what it's meant

it's often not clear what it's meant whether<00:00:37.200> it's<00:00:37.360> regional<00:00:37.680> leveling<00:00:38.079> up

whether it's regional leveling up

whether it's regional leveling up um<00:00:39.360> for<00:00:39.520> me<00:00:39.600> i'm<00:00:39.760> an<00:00:39.920> equality<00:00:40.239> economist<00:00:40.879> so

um for me i'm an equality economist so

um for me i'm an equality economist so what<00:00:41.680> i<00:00:41.760> look<00:00:41.920> at<00:00:42.079> is<00:00:42.160> poverty<00:00:43.120> and<00:00:43.440> if<00:00:43.520> we<00:00:43.680> look

what i look at is poverty and if we look

what i look at is poverty and if we look at<00:00:43.840> what's<00:00:44.079> happened<00:00:44.399> between<00:00:44.800> individuals

at what's happened between individuals

at what's happened between individuals during<00:00:45.680> the<00:00:45.760> covert<00:00:46.079> crisis<00:00:46.960> it's<00:00:47.120> been<00:00:47.360> the

during the covert crisis it's been the

during the covert crisis it's been the biggest<00:00:48.399> ever<00:00:48.800> one<00:00:49.039> year<00:00:49.360> increase<00:00:49.760> in<00:00:49.920> wealth

biggest ever one year increase in wealth

biggest ever one year increase in wealth for<00:00:50.559> the<00:00:50.719> rich<00:00:50.879> and<00:00:50.960> the<00:00:51.039> super<00:00:51.360> rich<00:00:51.920> the

for the rich and the super rich the

for the rich and the super rich the average<00:00:52.559> british<00:00:52.800> billionaire<00:00:53.360> increased

average british billionaire increased

average british billionaire increased their<00:00:53.760> wealth<00:00:54.000> by<00:00:54.199> 630<00:00:55.199> million<00:00:55.600> pounds<00:00:56.000> in

their wealth by 630 million pounds in

their wealth by 630 million pounds in the<00:00:56.160> first<00:00:56.320> year<00:00:56.399> of<00:00:56.559> covid<00:00:57.120> which<00:00:57.360> is<00:00:57.520> amazing

the first year of covid which is amazing

the first year of covid which is amazing and<00:00:58.800> yet<00:00:59.039> now<00:00:59.440> we're<00:00:59.680> seeing

and yet now we're seeing

and yet now we're seeing ordinary<00:01:01.120> families<00:01:01.520> especially<00:01:01.920> poor

ordinary families especially poor

ordinary families especially poor families<00:01:02.960> basically<00:01:03.359> struggling<00:01:03.760> to<00:01:03.920> just

families basically struggling to just

families basically struggling to just pay<00:01:04.239> the<00:01:04.320> bills<00:01:04.879> so

pay the bills so

pay the bills so in<00:01:05.920> the<00:01:06.000> last

in the last

in the last two<00:01:07.040> and<00:01:07.200> a<00:01:07.200> half<00:01:07.360> years<00:01:07.680> of<00:01:07.760> this<00:01:07.920> leveling<00:01:08.240> up

two and a half years of this leveling up

two and a half years of this leveling up government<00:01:08.880> we've<00:01:09.200> seen<00:01:09.520> the<00:01:09.680> poor<00:01:10.000> driven

government we've seen the poor driven

government we've seen the poor driven further<00:01:11.280> into<00:01:11.520> poverty<00:01:12.320> and<00:01:12.479> the<00:01:12.640> rich<00:01:13.360> seeing

further into poverty and the rich seeing

further into poverty and the rich seeing the<00:01:13.680> wealth<00:01:13.840> exploding<00:01:14.479> so<00:01:14.880> for<00:01:15.040> me

the wealth exploding so for me

the wealth exploding so for me leveling<00:01:16.159> up<00:01:16.240> would<00:01:16.320> be<00:01:16.479> great<00:01:17.040> but<00:01:17.200> if<00:01:17.360> you

leveling up would be great but if you

leveling up would be great but if you look<00:01:17.520> at<00:01:17.600> what<00:01:17.680> they're<00:01:17.840> actually<00:01:18.080> doing

look at what they're actually doing

look at what they're actually doing it's<00:01:19.119> not<00:01:19.280> happening

it's not happening

it's not happening how<00:01:20.640> is<00:01:20.799> that<00:01:21.040> working<00:01:21.600> why<00:01:21.920> does<00:01:22.159> it<00:01:22.400> happen

how is that working why does it happen

how is that working why does it happen that<00:01:22.960> you<00:01:23.280> pour<00:01:23.600> money<00:01:24.080> into

that you pour money into

that you pour money into cause

cause

cause poor<00:01:26.159> people<00:01:26.560> pockets<00:01:27.040> by<00:01:27.600> spending<00:01:28.000> i<00:01:28.080> don't

poor people pockets by spending i don't

poor people pockets by spending i don't know<00:01:28.400> 400<00:01:28.799> billion<00:01:29.200> for<00:01:29.360> what<00:01:29.759> rishi<00:01:30.079> soon

know 400 billion for what rishi soon

know 400 billion for what rishi soon after<00:01:30.960> and<00:01:31.119> it<00:01:31.280> all

after and it all

after and it all trickles<00:01:32.560> up<00:01:32.880> i'm<00:01:33.040> not<00:01:33.280> down

trickles up i'm not down

trickles up i'm not down yes<00:01:34.320> that<00:01:34.479> is<00:01:34.640> excellent<00:01:34.960> question<00:01:35.520> um<00:01:36.240> as<00:01:36.400> you

yes that is excellent question um as you

yes that is excellent question um as you make<00:01:37.280> clear<00:01:37.680> the<00:01:37.759> government<00:01:38.079> printed<00:01:38.479> the

make clear the government printed the

make clear the government printed the british<00:01:38.880> government<00:01:39.119> printed<00:01:39.360> 450<00:01:39.920> billion

british government printed 450 billion

british government printed 450 billion pounds<00:01:40.640> during<00:01:40.880> kovid<00:01:41.520> that's<00:01:41.840> ten<00:01:42.000> thousand

pounds during kovid that's ten thousand

pounds during kovid that's ten thousand pounds<00:01:42.640> per<00:01:42.880> adult

pounds per adult

pounds per adult and<00:01:44.159> most<00:01:44.399> of<00:01:44.479> that<00:01:44.560> money<00:01:44.799> was<00:01:44.960> actually

and most of that money was actually

and most of that money was actually given<00:01:46.000> to<00:01:46.320> people<00:01:46.640> who<00:01:46.960> were<00:01:47.119> in<00:01:47.280> quite

given to people who were in quite

given to people who were in quite desperate<00:01:47.759> need<00:01:48.000> people<00:01:48.159> who<00:01:48.240> for<00:01:48.320> example

desperate need people who for example

desperate need people who for example had<00:01:48.720> lost<00:01:48.880> their<00:01:49.040> jobs<00:01:49.600> so<00:01:49.759> how<00:01:50.000> is<00:01:50.159> it<00:01:50.240> that<00:01:50.399> it

had lost their jobs so how is it that it

had lost their jobs so how is it that it ends<00:01:50.720> up<00:01:50.960> with<00:01:51.360> the<00:01:51.520> richest<00:01:51.920> people<00:01:52.640> at<00:01:52.799> the

ends up with the richest people at the

ends up with the richest people at the beginning<00:01:53.200> of<00:01:53.360> kobe<00:01:53.680> i<00:01:53.759> spent<00:01:54.000> a<00:01:54.000> lot<00:01:54.159> of<00:01:54.240> time

beginning of kobe i spent a lot of time

beginning of kobe i spent a lot of time basically<00:01:54.799> thinking<00:01:55.119> about<00:01:55.280> this<00:01:55.520> because<00:01:55.680> i

basically thinking about this because i

basically thinking about this because i knew<00:01:56.000> extra<00:01:56.240> money<00:01:56.479> was<00:01:56.640> going<00:01:56.880> in<00:01:57.439> and<00:01:57.600> i<00:01:57.680> knew

knew extra money was going in and i knew

knew extra money was going in and i knew it<00:01:57.840> was<00:01:58.000> going<00:01:58.240> largely<00:01:58.560> to<00:01:58.719> furloughed

it was going largely to furloughed

it was going largely to furloughed workers<00:01:59.759> but<00:02:00.000> i<00:02:00.079> also<00:02:00.399> knew<00:02:00.560> that<00:02:00.640> furloughed

workers but i also knew that furloughed

workers but i also knew that furloughed workers<00:02:01.360> were<00:02:01.520> ending<00:02:01.759> up<00:02:02.079> poorer<00:02:02.719> than<00:02:02.880> they

workers were ending up poorer than they

workers were ending up poorer than they were<00:02:03.200> pre-covered<00:02:04.079> so<00:02:04.240> this<00:02:04.399> money's<00:02:04.719> being

were pre-covered so this money's being

were pre-covered so this money's being poured<00:02:05.200> in<00:02:05.680> it's<00:02:05.920> going<00:02:06.159> directly<00:02:06.479> to<00:02:06.560> the

poured in it's going directly to the

poured in it's going directly to the photos<00:02:07.040> workers<00:02:07.600> but<00:02:07.759> they<00:02:07.920> are<00:02:08.000> not<00:02:08.160> keeping

photos workers but they are not keeping

photos workers but they are not keeping the<00:02:08.560> money<00:02:09.200> because<00:02:09.440> they've<00:02:09.679> lost<00:02:09.920> their

the money because they've lost their

the money because they've lost their incomes<00:02:11.039> so<00:02:11.200> you<00:02:11.280> have<00:02:11.440> to<00:02:11.520> follow<00:02:11.760> the<00:02:11.840> money

incomes so you have to follow the money

incomes so you have to follow the money through<00:02:12.319> right<00:02:12.480> where<00:02:12.720> is<00:02:12.879> the<00:02:13.200> incomes<00:02:13.599> of

through right where is the incomes of

through right where is the incomes of the<00:02:13.760> workers<00:02:14.160> gone<00:02:14.480> well<00:02:14.640> they're<00:02:14.720> not

the workers gone well they're not

the workers gone well they're not getting<00:02:15.040> paid<00:02:15.200> their<00:02:15.440> wages<00:02:15.840> anymore<00:02:16.319> so

getting paid their wages anymore so

getting paid their wages anymore so we're<00:02:16.640> going<00:02:16.800> back<00:02:16.959> to<00:02:17.040> the<00:02:17.120> companies<00:02:17.599> are

we're going back to the companies are

we're going back to the companies are the<00:02:17.840> companies<00:02:18.160> holding<00:02:18.400> the<00:02:18.480> money<00:02:18.959> well

the companies holding the money well

the companies holding the money well actually<00:02:19.440> the<00:02:19.520> companies<00:02:19.920> are<00:02:20.000> not<00:02:20.160> because

actually the companies are not because

actually the companies are not because they've<00:02:20.560> lost<00:02:20.800> their<00:02:21.040> customers<00:02:21.920> so<00:02:22.080> if<00:02:22.160> you

they've lost their customers so if you

they've lost their customers so if you go<00:02:22.400> back<00:02:22.560> to<00:02:22.640> the<00:02:22.800> customers<00:02:23.599> we<00:02:23.760> actually<00:02:24.000> see

go back to the customers we actually see

go back to the customers we actually see it's<00:02:24.480> customers<00:02:25.280> who<00:02:25.520> accumulated<00:02:25.920> a<00:02:26.000> huge

it's customers who accumulated a huge

it's customers who accumulated a huge amount<00:02:26.319> of<00:02:26.400> money<00:02:26.560> during<00:02:26.800> covid<00:02:27.680> and<00:02:27.920> people

amount of money during covid and people

amount of money during covid and people watching<00:02:28.480> this<00:02:28.720> might<00:02:28.879> be<00:02:29.040> thinking<00:02:29.360> well<00:02:29.920> i'm

watching this might be thinking well i'm

watching this might be thinking well i'm a<00:02:30.160> customer<00:02:30.879> i<00:02:31.040> haven't<00:02:31.200> accumulated<00:02:31.599> 10<00:02:31.840> 000

a customer i haven't accumulated 10 000

a customer i haven't accumulated 10 000 pounds<00:02:32.720> and<00:02:32.800> the<00:02:32.959> reason<00:02:33.280> for<00:02:33.440> that<00:02:33.599> is

pounds and the reason for that is

pounds and the reason for that is it's<00:02:34.640> only<00:02:34.879> customers<00:02:35.280> who<00:02:35.360> had<00:02:35.599> very<00:02:36.080> large

it's only customers who had very large

it's only customers who had very large luxury<00:02:36.879> and<00:02:36.959> non-essential<00:02:37.519> spending<00:02:38.400> if

luxury and non-essential spending if

luxury and non-essential spending if you're<00:02:38.720> spending<00:02:39.280> like<00:02:39.519> most<00:02:39.760> people<00:02:40.000> is

you're spending like most people is

you're spending like most people is large<00:02:40.400> on<00:02:40.560> essentials<00:02:41.120> like<00:02:41.519> rent<00:02:41.920> mortgage

large on essentials like rent mortgage

large on essentials like rent mortgage food<00:02:42.640> bills<00:02:43.200> you<00:02:43.440> still<00:02:43.680> had<00:02:43.840> those

food bills you still had those

food bills you still had those expenditures<00:02:45.040> but<00:02:45.200> if<00:02:45.360> your<00:02:45.680> expenditures

expenditures but if your expenditures

expenditures but if your expenditures are<00:02:46.480> largely<00:02:46.879> luxuries<00:02:47.280> and<00:02:47.360> on<00:02:47.519> essentials

are largely luxuries and on essentials

are largely luxuries and on essentials you<00:02:48.239> couldn't<00:02:48.560> buy<00:02:48.720> those<00:02:48.879> things<00:02:49.040> anymore

you couldn't buy those things anymore

you couldn't buy those things anymore during<00:02:49.599> kobe<00:02:50.239> so<00:02:50.400> what<00:02:50.640> happened<00:02:50.959> was<00:02:51.200> the

during kobe so what happened was the

during kobe so what happened was the rich<00:02:51.599> and<00:02:51.680> the<00:02:51.760> super<00:02:52.000> rich<00:02:52.319> stopped<00:02:52.640> spending

rich and the super rich stopped spending

rich and the super rich stopped spending and<00:02:53.599> the<00:02:53.680> consequence<00:02:54.319> was<00:02:55.040> ordinary

and the consequence was ordinary

and the consequence was ordinary families<00:02:56.239> stopped<00:02:56.480> being<00:02:56.640> able<00:02:56.800> to<00:02:56.879> pay<00:02:57.040> their

families stopped being able to pay their

families stopped being able to pay their bills<00:02:57.760> so<00:02:57.920> the<00:02:58.000> money<00:02:58.319> went<00:02:58.560> in<00:02:59.040> to<00:02:59.200> the<00:02:59.360> poor

bills so the money went in to the poor

bills so the money went in to the poor but<00:02:59.920> straight<00:03:00.239> away<00:03:00.480> went<00:03:00.720> back<00:03:00.879> up<00:03:01.040> to<00:03:01.120> the

but straight away went back up to the

but straight away went back up to the rich<00:03:01.440> who<00:03:01.519> accumulated<00:03:02.080> it<00:03:02.400> so<00:03:02.720> you<00:03:02.800> could

rich who accumulated it so you could

rich who accumulated it so you could actually<00:03:03.280> predict<00:03:03.599> this<00:03:03.680> right<00:03:03.840> at<00:03:03.920> the

actually predict this right at the

actually predict this right at the beginning<00:03:04.239> of<00:03:04.400> codeword<00:03:04.879> that<00:03:05.040> there<00:03:05.120> would

beginning of codeword that there would

beginning of codeword that there would be<00:03:05.360> an<00:03:05.519> enormous<00:03:06.080> increase<00:03:06.879> in<00:03:07.040> cash

be an enormous increase in cash

be an enormous increase in cash accumulated<00:03:07.760> by<00:03:07.920> richer<00:03:08.239> people<00:03:08.560> during

accumulated by richer people during

accumulated by richer people during covid<00:03:09.280> and<00:03:09.760> if<00:03:09.920> you<00:03:10.000> look<00:03:10.159> at<00:03:10.239> my<00:03:10.400> videos<00:03:10.800> and

covid and if you look at my videos and

covid and if you look at my videos and articles<00:03:11.280> at<00:03:11.360> the<00:03:11.440> beginning<00:03:11.680> of<00:03:11.760> coverage

articles at the beginning of coverage

articles at the beginning of coverage you'll<00:03:12.080> see<00:03:12.239> that<00:03:12.319> i<00:03:12.400> did<00:03:12.560> predict<00:03:12.959> it<00:03:13.200> and<00:03:13.360> it

you'll see that i did predict it and it

you'll see that i did predict it and it is<00:03:13.680> exactly<00:03:14.000> what's<00:03:14.159> happened<00:03:14.480> i'm<00:03:15.040> we're

is exactly what's happened i'm we're

is exactly what's happened i'm we're seeing<00:03:15.440> the<00:03:15.680> predictable<00:03:16.159> consequences<00:03:16.800> now

seeing the predictable consequences now

seeing the predictable consequences now inflation<00:03:18.000> house<00:03:18.239> prices<00:03:18.560> rising<00:03:18.959> stock

inflation house prices rising stock

inflation house prices rising stock prices<00:03:19.519> are<00:03:19.599> rising<00:03:20.080> well<00:03:20.480> that's<00:03:20.720> what

prices are rising well that's what

prices are rising well that's what happened<00:03:21.360> in<00:03:21.519> the<00:03:21.599> last<00:03:21.920> two<00:03:22.080> years<00:03:22.400> but<00:03:22.879> even

happened in the last two years but even

happened in the last two years but even before<00:03:23.599> that<00:03:24.159> um

before that um

before that um britain<00:03:25.760> seems<00:03:26.080> such<00:03:26.640> an<00:03:27.200> in<00:03:27.519> equal<00:03:28.080> unequal

britain seems such an in equal unequal

britain seems such an in equal unequal society

society

society how<00:03:30.080> did<00:03:30.319> that<00:03:30.560> happen<00:03:30.959> over<00:03:31.200> the<00:03:31.360> years<00:03:31.920> what

how did that happen over the years what

how did that happen over the years what is<00:03:32.239> the<00:03:32.400> kind<00:03:32.560> of

is the kind of

is the kind of general

general

general general<00:03:34.879> thing<00:03:35.519> apart<00:03:35.840> from<00:03:36.000> capitalism

general thing apart from capitalism

general thing apart from capitalism if<00:03:38.560> you<00:03:38.640> look<00:03:38.799> into<00:03:38.959> the<00:03:39.040> history<00:03:39.360> of<00:03:39.519> it<00:03:39.599> you

if you look into the history of it you

if you look into the history of it you know<00:03:40.159> if<00:03:40.239> you're<00:03:40.400> interested<00:03:40.799> in<00:03:40.879> the<00:03:40.959> history

know if you're interested in the history

know if you're interested in the history you<00:03:41.519> know<00:03:41.840> it's<00:03:42.000> actually<00:03:42.159> worth<00:03:42.400> reading

you know it's actually worth reading

you know it's actually worth reading piketty<00:03:43.360> the<00:03:43.440> french<00:03:43.680> economist<00:03:44.159> book

piketty the french economist book

piketty the french economist book capital<00:03:45.040> at<00:03:45.120> least<00:03:45.280> the<00:03:45.360> first<00:03:45.519> couple<00:03:45.760> of

capital at least the first couple of

capital at least the first couple of chapters<00:03:46.640> because<00:03:46.959> he<00:03:47.200> really<00:03:47.360> looks<00:03:47.599> into

chapters because he really looks into

chapters because he really looks into the<00:03:47.840> history<00:03:48.159> of<00:03:48.319> it<00:03:48.560> you<00:03:48.640> know<00:03:48.799> the<00:03:48.879> history

the history of it you know the history

the history of it you know the history of<00:03:49.360> inequality<00:03:49.840> in<00:03:49.920> this<00:03:50.000> country<00:03:50.400> it<00:03:50.480> was

of inequality in this country it was

of inequality in this country it was very<00:03:50.959> very<00:03:51.200> high<00:03:51.840> in<00:03:52.000> the<00:03:52.080> pre-war<00:03:52.480> period

very very high in the pre-war period

very very high in the pre-war period then<00:03:53.360> after<00:03:53.519> the<00:03:53.599> second<00:03:53.840> world<00:03:54.000> war<00:03:54.239> it

then after the second world war it

then after the second world war it became<00:03:54.640> much<00:03:54.799> much<00:03:55.040> lower<00:03:55.360> that<00:03:55.519> was<00:03:55.599> a<00:03:55.680> period

became much much lower that was a period

became much much lower that was a period of<00:03:56.159> very<00:03:56.400> high<00:03:56.560> taxation<00:03:57.120> you<00:03:57.200> know<00:03:57.599> famously

of very high taxation you know famously

of very high taxation you know famously the<00:03:58.239> beatles<00:03:58.640> paid<00:03:58.879> 95<00:03:59.360> percent<00:03:59.920> taxation<00:04:00.400> on

the beatles paid 95 percent taxation on

the beatles paid 95 percent taxation on their<00:04:00.640> income<00:04:00.879> you<00:04:01.040> know<00:04:01.200> 19<00:04:01.599> for<00:04:01.760> him<00:04:01.920> and<00:04:02.000> one

their income you know 19 for him and one

their income you know 19 for him and one for<00:04:02.319> me

for me

for me um<00:04:03.519> but<00:04:03.760> in<00:04:03.840> the<00:04:04.000> 80s<00:04:04.640> taxation<00:04:05.120> of<00:04:05.200> the<00:04:05.280> riches

um but in the 80s taxation of the riches

um but in the 80s taxation of the riches was<00:04:05.840> decreased<00:04:06.159> massively<00:04:06.799> now<00:04:07.360> if<00:04:07.519> you<00:04:07.599> don't

was decreased massively now if you don't

was decreased massively now if you don't tax<00:04:08.080> rich<00:04:08.319> people<00:04:09.120> i<00:04:09.200> think<00:04:09.360> it's<00:04:09.439> important

tax rich people i think it's important

tax rich people i think it's important to<00:04:09.920> realize<00:04:10.239> that<00:04:10.400> rich<00:04:10.640> people<00:04:10.879> generate

to realize that rich people generate

to realize that rich people generate huge<00:04:11.439> amounts<00:04:11.680> of<00:04:11.840> income<00:04:12.080> from<00:04:12.239> their<00:04:12.480> wealth

huge amounts of income from their wealth

huge amounts of income from their wealth so<00:04:13.519> if<00:04:13.599> you<00:04:13.760> have<00:04:13.920> a<00:04:14.000> wealth<00:04:14.319> of<00:04:14.480> 200<00:04:14.879> billion

so if you have a wealth of 200 billion

so if you have a wealth of 200 billion pounds<00:04:15.519> like<00:04:15.680> 200<00:04:16.079> million<00:04:16.479> pounds<00:04:16.720> like<00:04:16.880> our

pounds like 200 million pounds like our

pounds like 200 million pounds like our chancellor<00:04:17.759> you<00:04:17.919> will<00:04:18.000> get<00:04:18.160> six<00:04:18.320> million

chancellor you will get six million

chancellor you will get six million pounds<00:04:18.880> a<00:04:18.959> year<00:04:19.120> just<00:04:19.280> for<00:04:19.440> getting<00:04:19.600> out<00:04:19.759> of

pounds a year just for getting out of

pounds a year just for getting out of bed<00:04:20.160> you<00:04:20.239> know<00:04:20.639> so<00:04:20.799> if<00:04:20.880> the<00:04:21.040> rich

bed you know so if the rich

bed you know so if the rich don't<00:04:22.479> pay<00:04:22.720> taxes<00:04:23.280> then<00:04:23.440> naturally<00:04:23.759> their

don't pay taxes then naturally their

don't pay taxes then naturally their wealth<00:04:24.240> will<00:04:24.400> swell<00:04:24.720> and<00:04:24.880> they<00:04:25.040> will<00:04:25.360> take<00:04:25.680> the

wealth will swell and they will take the

wealth will swell and they will take the wealth<00:04:26.080> of<00:04:26.320> ordinary<00:04:26.720> families<00:04:27.199> i<00:04:27.280> think<00:04:27.440> this

wealth of ordinary families i think this

wealth of ordinary families i think this is

is

is this<00:04:29.199> is<00:04:29.280> the<00:04:29.360> natural<00:04:29.759> way<00:04:29.919> of<00:04:30.000> things<00:04:30.240> if<00:04:30.320> you

this is the natural way of things if you

this is the natural way of things if you don't<00:04:30.560> tax<00:04:30.720> rich<00:04:30.960> people<00:04:31.199> rich<00:04:31.440> people<00:04:31.840> are

don't tax rich people rich people are

don't tax rich people rich people are rich<00:04:32.400> as<00:04:32.560> a<00:04:32.639> result<00:04:32.880> they<00:04:32.960> have<00:04:33.120> huge<00:04:33.360> incomes

rich as a result they have huge incomes

rich as a result they have huge incomes and<00:04:34.400> they<00:04:34.560> can<00:04:34.720> buy<00:04:34.880> the<00:04:35.040> assets

and they can buy the assets

and they can buy the assets that<00:04:37.280> has<00:04:37.440> been<00:04:37.600> support<00:04:38.000> the<00:04:38.080> centuries

that has been support the centuries

that has been support the centuries obviously

obviously

obviously um

um

um do<00:04:40.720> you<00:04:40.880> feel<00:04:41.120> there<00:04:41.360> is<00:04:41.600> a

do you feel there is a

do you feel there is a rather<00:04:43.680> high<00:04:44.160> acceptance<00:04:44.880> of<00:04:45.440> inequality<00:04:46.320> in

rather high acceptance of inequality in

rather high acceptance of inequality in the<00:04:46.560> uk

the uk

the uk i<00:04:48.240> think<00:04:48.400> it<00:04:48.479> really<00:04:48.639> depends<00:04:49.040> you<00:04:49.199> ask<00:04:49.840> i

i think it really depends you ask i

i think it really depends you ask i think<00:04:50.160> actually<00:04:50.479> there's<00:04:50.720> actually<00:04:50.960> been<00:04:51.120> a

think actually there's actually been a

think actually there's actually been a kind<00:04:51.440> of<00:04:51.680> interesting<00:04:52.160> change<00:04:52.479> in<00:04:52.560> tone<00:04:52.880> of

kind of interesting change in tone of

kind of interesting change in tone of this<00:04:53.280> because<00:04:53.520> i've<00:04:53.680> been<00:04:53.840> campaigning<00:04:54.400> for

this because i've been campaigning for

this because i've been campaigning for greater<00:04:54.880> taxation<00:04:55.280> of<00:04:55.360> the<00:04:55.440> richest<00:04:55.680> for<00:04:55.840> a

greater taxation of the richest for a

greater taxation of the richest for a while<00:04:56.240> now<00:04:56.720> and<00:04:56.880> i<00:04:56.960> was<00:04:57.120> talking<00:04:57.440> about<00:04:57.680> it<00:04:58.000> 10

while now and i was talking about it 10

while now and i was talking about it 10 years<00:04:58.320> ago<00:04:58.479> when<00:04:58.560> i<00:04:58.639> was<00:04:58.720> a<00:04:58.800> trader<00:04:59.520> and<00:04:59.680> back

years ago when i was a trader and back

years ago when i was a trader and back then<00:05:00.160> people<00:05:00.400> would<00:05:00.560> say<00:05:00.800> you<00:05:00.880> can't<00:05:01.120> tax<00:05:01.360> the

then people would say you can't tax the

then people would say you can't tax the rich<00:05:02.000> because<00:05:02.160> it's<00:05:02.320> bad<00:05:02.560> for<00:05:02.720> the<00:05:02.800> economy

rich because it's bad for the economy

rich because it's bad for the economy and<00:05:03.759> i<00:05:03.840> think<00:05:04.160> increasingly<00:05:05.440> that<00:05:06.000> kind<00:05:06.320> of

and i think increasingly that kind of

and i think increasingly that kind of manner<00:05:07.039> of<00:05:07.199> thinking<00:05:07.680> has<00:05:07.840> become<00:05:08.080> less<00:05:08.320> and

manner of thinking has become less and

manner of thinking has become less and less<00:05:08.560> popular<00:05:09.280> i<00:05:09.360> think<00:05:09.600> increasingly<00:05:10.160> people

less popular i think increasingly people

less popular i think increasingly people can<00:05:10.639> see<00:05:11.120> that<00:05:11.280> the<00:05:11.360> last<00:05:11.680> 10<00:05:11.840> 15<00:05:12.160> years<00:05:12.400> have

can see that the last 10 15 years have

can see that the last 10 15 years have not<00:05:12.800> worked<00:05:13.120> for<00:05:13.440> the<00:05:13.520> economy<00:05:14.160> or<00:05:14.320> for

not worked for the economy or for

not worked for the economy or for ordinary<00:05:14.880> people<00:05:15.600> so<00:05:15.840> people<00:05:16.080> are<00:05:16.240> accepting

ordinary people so people are accepting

ordinary people so people are accepting what's<00:05:17.039> happening<00:05:17.280> now<00:05:17.440> is<00:05:17.520> not<00:05:17.600> working

what's happening now is not working

what's happening now is not working economically<00:05:18.560> but<00:05:18.800> now<00:05:18.960> when<00:05:19.199> i<00:05:19.280> say<00:05:19.520> you<00:05:19.680> need

economically but now when i say you need

economically but now when i say you need to<00:05:19.919> tax<00:05:20.080> the<00:05:20.160> rich<00:05:20.320> people<00:05:20.560> what<00:05:20.720> comes<00:05:20.960> back

to tax the rich people what comes back

to tax the rich people what comes back is<00:05:21.520> well<00:05:21.680> you<00:05:21.840> can't<00:05:22.479> they'll<00:05:22.720> leave<00:05:23.440> so<00:05:23.600> i

is well you can't they'll leave so i

is well you can't they'll leave so i actually<00:05:23.919> think<00:05:24.160> what<00:05:24.320> you've<00:05:24.560> seen<00:05:24.880> is

actually think what you've seen is

actually think what you've seen is the<00:05:26.479> rich<00:05:26.720> have<00:05:26.800> kind<00:05:26.960> of<00:05:27.120> lost<00:05:27.360> the<00:05:27.440> battle<00:05:27.759> on

the rich have kind of lost the battle on

the rich have kind of lost the battle on it's<00:05:28.320> a<00:05:28.400> moral<00:05:28.720> good<00:05:28.880> for<00:05:29.039> us<00:05:29.199> to<00:05:29.280> be<00:05:29.440> rich<00:05:29.840> and

it's a moral good for us to be rich and

it's a moral good for us to be rich and now<00:05:30.080> they're<00:05:30.320> saying<00:05:30.720> well<00:05:30.880> it<00:05:30.960> doesn't

now they're saying well it doesn't

now they're saying well it doesn't matter<00:05:31.360> because<00:05:31.520> you<00:05:31.600> can't<00:05:31.840> stop<00:05:32.160> us

matter because you can't stop us

matter because you can't stop us so

so

so that's<00:05:34.000> not<00:05:34.160> the<00:05:34.240> most<00:05:34.400> positive<00:05:34.800> response

that's not the most positive response

that's not the most positive response but<00:05:35.360> i<00:05:35.440> think<00:05:35.600> it<00:05:35.759> shows<00:05:36.639> more<00:05:36.880> and<00:05:36.960> more

but i think it shows more and more

but i think it shows more and more ordinary<00:05:37.600> people<00:05:38.000> are<00:05:38.160> accepting<00:05:38.560> that<00:05:38.720> the

ordinary people are accepting that the

ordinary people are accepting that the levels<00:05:39.039> of<00:05:39.120> inequality<00:05:39.600> now<00:05:39.840> are<00:05:40.000> way<00:05:40.160> too

levels of inequality now are way too

levels of inequality now are way too much<00:05:40.639> and<00:05:40.880> they're<00:05:41.039> not<00:05:41.199> working

much and they're not working

much and they're not working um<00:05:43.600> well<00:05:43.840> actually<00:05:44.160> it's<00:05:44.320> a<00:05:44.400> bit<00:05:44.639> of<00:05:44.720> a<00:05:44.880> side

um well actually it's a bit of a side

um well actually it's a bit of a side question<00:05:45.440> but<00:05:45.600> i<00:05:45.759> ask<00:05:46.000> it<00:05:46.080> nevertheless<00:05:46.639> we're

question but i ask it nevertheless we're

question but i ask it nevertheless we're doing<00:05:47.280> this<00:05:47.520> also<00:05:48.160> because<00:05:48.479> there's<00:05:48.880> a<00:05:48.960> lot<00:05:49.199> of

doing this also because there's a lot of

doing this also because there's a lot of excitement<00:05:50.000> in<00:05:50.560> here<00:05:50.960> but<00:05:51.120> also<00:05:51.440> in<00:05:51.520> germany

excitement in here but also in germany

excitement in here but also in germany about<00:05:52.160> the<00:05:52.320> jubilee<00:05:52.800> of<00:05:52.880> the<00:05:53.039> queen

about the jubilee of the queen

about the jubilee of the queen yeah<00:05:54.479> and<00:05:54.960> um<00:05:55.600> we<00:05:55.840> thought<00:05:56.240> well<00:05:56.479> it's<00:05:56.639> nice<00:05:56.960> to

yeah and um we thought well it's nice to

yeah and um we thought well it's nice to do<00:05:57.199> something<00:05:57.440> about<00:05:57.759> sweden<00:05:58.160> you'd<00:05:58.319> rather

do something about sweden you'd rather

do something about sweden you'd rather want<00:05:58.720> to<00:05:58.800> do<00:05:58.960> something<00:05:59.280> about<00:05:59.440> the<00:05:59.600> state<00:05:59.919> of

want to do something about the state of

want to do something about the state of the<00:06:00.240> uk<00:06:00.720> economic<00:06:01.199> state<00:06:01.520> how<00:06:01.680> is<00:06:01.840> it<00:06:01.919> going

the uk economic state how is it going

the uk economic state how is it going for<00:06:02.479> people<00:06:03.199> 70<00:06:03.600> years<00:06:03.919> after<00:06:04.240> she<00:06:04.880> came<00:06:05.039> to

for people 70 years after she came to

for people 70 years after she came to throw<00:06:06.080> well<00:06:06.400> you<00:06:06.560> know

throw well you know

throw well you know yeah<00:06:08.000> i've<00:06:08.160> never<00:06:08.319> met<00:06:08.479> the<00:06:08.560> queen<00:06:08.800> i'm<00:06:08.880> sure

yeah i've never met the queen i'm sure

yeah i've never met the queen i'm sure she's<00:06:09.199> a<00:06:09.360> lovely<00:06:09.600> lovely<00:06:09.919> lady<00:06:10.240> and<00:06:10.560> i<00:06:10.639> hope

she's a lovely lovely lady and i hope

she's a lovely lovely lady and i hope she's<00:06:11.039> recovering<00:06:11.360> from<00:06:11.520> her<00:06:11.680> covid<00:06:12.080> very

she's recovering from her covid very

she's recovering from her covid very well<00:06:12.720> um

well um

well um you<00:06:14.080> know<00:06:14.319> she<00:06:14.479> resided<00:06:15.039> over<00:06:15.199> a<00:06:15.280> period<00:06:15.600> of

you know she resided over a period of

you know she resided over a period of actually<00:06:16.000> phenomenal<00:06:16.479> economic<00:06:16.800> strength<00:06:17.039> in

actually phenomenal economic strength in

actually phenomenal economic strength in this<00:06:17.199> country<00:06:17.440> if<00:06:17.520> you<00:06:17.600> look<00:06:17.759> at<00:06:17.840> back<00:06:18.000> 50s<00:06:18.560> 60s

this country if you look at back 50s 60s

this country if you look at back 50s 60s 70s<00:06:19.440> you<00:06:19.520> know<00:06:19.680> my<00:06:19.840> dad<00:06:20.000> worked<00:06:20.240> for<00:06:20.319> the<00:06:20.400> post

70s you know my dad worked for the post

70s you know my dad worked for the post office<00:06:21.039> for<00:06:21.280> 25<00:06:21.759> years<00:06:22.240> i<00:06:22.319> think<00:06:22.560> 35<00:06:22.960> years<00:06:23.280> in

office for 25 years i think 35 years in

office for 25 years i think 35 years in fact<00:06:24.000> he<00:06:24.160> never<00:06:24.319> earned<00:06:24.560> a<00:06:24.560> lot<00:06:24.639> of<00:06:24.720> money<00:06:24.960> but

fact he never earned a lot of money but

fact he never earned a lot of money but he<00:06:25.199> was<00:06:25.360> able<00:06:25.520> to<00:06:26.080> buy<00:06:26.240> a<00:06:26.400> house<00:06:26.880> support<00:06:27.280> three

he was able to buy a house support three

he was able to buy a house support three kids<00:06:27.919> you<00:06:28.080> know<00:06:28.160> and<00:06:28.240> now<00:06:28.479> he's<00:06:28.639> retired

kids you know and now he's retired

kids you know and now he's retired you<00:06:30.160> know<00:06:30.400> not<00:06:30.560> too<00:06:30.720> long<00:06:30.880> ago<00:06:31.120> that<00:06:31.199> was

you know not too long ago that was

you know not too long ago that was possible<00:06:31.600> in<00:06:31.759> this<00:06:31.840> country

possible in this country

possible in this country but<00:06:32.880> now<00:06:33.280> you<00:06:33.440> have<00:06:33.600> people<00:06:33.840> working<00:06:34.080> that

but now you have people working that

but now you have people working that kind<00:06:34.400> of<00:06:34.560> job<00:06:34.800> who<00:06:35.039> are<00:06:35.120> literally<00:06:35.440> homeless

kind of job who are literally homeless

kind of job who are literally homeless because<00:06:36.000> they<00:06:36.080> can't<00:06:36.240> afford<00:06:36.479> to<00:06:36.560> pay<00:06:36.720> the

because they can't afford to pay the

because they can't afford to pay the rent

rent

rent so

so

so during<00:06:40.000> the<00:06:40.080> period<00:06:40.319> the<00:06:40.400> queen<00:06:40.560> has<00:06:40.639> been<00:06:40.800> the

during the period the queen has been the

during the period the queen has been the queen<00:06:41.039> we've<00:06:41.280> seen<00:06:41.440> some<00:06:41.600> really<00:06:41.919> amazing

queen we've seen some really amazing

queen we've seen some really amazing economic<00:06:42.720> times<00:06:43.199> you<00:06:43.280> know<00:06:43.600> where<00:06:44.160> ordinary

economic times you know where ordinary

economic times you know where ordinary people<00:06:44.880> have<00:06:44.960> been<00:06:45.120> able<00:06:45.360> to

people have been able to

people have been able to live<00:06:46.240> good<00:06:46.400> lives<00:06:46.720> working<00:06:46.960> ordinary<00:06:47.440> jobs

live good lives working ordinary jobs

live good lives working ordinary jobs but<00:06:47.919> unfortunately<00:06:48.720> we're<00:06:48.880> losing<00:06:49.199> that<00:06:49.360> now

but unfortunately we're losing that now

but unfortunately we're losing that now and<00:06:50.080> increasingly<00:06:50.720> ordinary<00:06:51.120> people<00:06:51.280> earning

and increasingly ordinary people earning

and increasingly ordinary people earning ordinary<00:06:51.919> jobs<00:06:52.479> can't<00:06:52.720> afford<00:06:53.039> to<00:06:53.280> own

ordinary jobs can't afford to own

ordinary jobs can't afford to own property<00:06:54.000> or<00:06:54.160> even<00:06:54.319> get<00:06:54.479> financial<00:06:54.880> security

property or even get financial security

property or even get financial security you<00:06:55.520> know<00:06:55.840> i<00:06:56.000> get<00:06:56.160> message<00:06:56.560> all<00:06:56.720> the<00:06:56.880> time<00:06:57.120> from

you know i get message all the time from

you know i get message all the time from young<00:06:57.840> people<00:06:58.160> who<00:06:58.319> are<00:06:58.560> smart<00:06:59.199> ambitious

young people who are smart ambitious

young people who are smart ambitious doing<00:06:59.919> everything<00:07:00.240> right<00:07:00.720> going<00:07:01.039> to<00:07:01.120> the

doing everything right going to the

doing everything right going to the right<00:07:01.360> uni<00:07:01.680> studying<00:07:02.080> hard<00:07:02.639> and<00:07:02.720> they<00:07:02.880> can't

right uni studying hard and they can't

right uni studying hard and they can't afford<00:07:03.440> to<00:07:03.599> buy<00:07:03.759> a<00:07:03.759> house<00:07:04.000> they<00:07:04.160> can't<00:07:04.319> afford

afford to buy a house they can't afford

afford to buy a house they can't afford to<00:07:04.560> become<00:07:04.800> financially<00:07:05.199> secure<00:07:05.599> so<00:07:05.759> um

to become financially secure so um

to become financially secure so um you<00:07:06.720> know<00:07:06.800> i<00:07:06.880> wouldn't<00:07:07.039> like<00:07:07.199> to<00:07:07.280> point<00:07:07.360> their

you know i wouldn't like to point their

you know i wouldn't like to point their finger<00:07:07.599> at<00:07:07.680> the<00:07:07.759> queen<00:07:07.919> directly<00:07:08.400> but<00:07:08.720> yeah

finger at the queen directly but yeah

finger at the queen directly but yeah we've<00:07:09.199> lost<00:07:09.520> a<00:07:09.599> lot

we've lost a lot

we've lost a lot my<00:07:11.440> question<00:07:11.759> would<00:07:12.000> be<00:07:12.319> is<00:07:12.479> there<00:07:12.639> not<00:07:12.960> kind

my question would be is there not kind

my question would be is there not kind of<00:07:13.360> baked<00:07:13.840> in<00:07:14.319> inequality<00:07:15.280> in<00:07:15.440> this<00:07:15.599> country

of baked in inequality in this country

of baked in inequality in this country because<00:07:16.400> you<00:07:16.560> have<00:07:16.720> a<00:07:16.880> monarch<00:07:17.759> i<00:07:17.840> mean<00:07:18.080> people

because you have a monarch i mean people

because you have a monarch i mean people accept<00:07:18.880> that<00:07:19.120> people<00:07:19.360> are<00:07:19.599> born<00:07:20.080> into

accept that people are born into

accept that people are born into something<00:07:21.360> special<00:07:22.160> and<00:07:22.560> rich<00:07:23.120> and

something special and rich and

something special and rich and it's<00:07:24.080> okay

it's okay

it's okay listen<00:07:26.000> every<00:07:26.160> country<00:07:26.479> has<00:07:26.560> inequality

listen every country has inequality

listen every country has inequality but<00:07:28.080> that<00:07:28.319> level<00:07:28.560> of<00:07:28.639> inequality<00:07:29.120> changes<00:07:30.080> you

but that level of inequality changes you

but that level of inequality changes you know<00:07:30.319> what<00:07:30.479> i<00:07:30.560> campaigned<00:07:30.880> for<00:07:31.120> inequality

know what i campaigned for inequality

know what i campaigned for inequality and<00:07:31.680> sometimes<00:07:31.919> people<00:07:32.160> turn<00:07:32.319> around<00:07:32.479> to<00:07:32.639> me

and sometimes people turn around to me

and sometimes people turn around to me and<00:07:32.800> say<00:07:33.360> you're<00:07:33.520> never<00:07:33.680> going<00:07:33.759> to<00:07:33.840> get

and say you're never going to get

and say you're never going to get perfect<00:07:34.319> equality<00:07:35.199> and<00:07:35.360> i<00:07:35.599> say<00:07:35.759> look

perfect equality and i say look

perfect equality and i say look that<00:07:36.960> may<00:07:37.199> or<00:07:37.280> may<00:07:37.440> not<00:07:37.599> be<00:07:37.680> true<00:07:38.080> but<00:07:38.560> you<00:07:38.720> can

that may or may not be true but you can

that may or may not be true but you can stop<00:07:39.199> inequality<00:07:39.680> from<00:07:39.840> killing<00:07:40.160> your

stop inequality from killing your

stop inequality from killing your economy<00:07:40.800> you<00:07:40.960> know<00:07:41.360> 50<00:07:41.680> years<00:07:41.840> ago<00:07:41.919> inequality

economy you know 50 years ago inequality

economy you know 50 years ago inequality was<00:07:42.479> much<00:07:42.720> less<00:07:42.960> than<00:07:43.199> it<00:07:43.280> is<00:07:43.440> now<00:07:44.160> and

was much less than it is now and

was much less than it is now and inequality<00:07:45.039> in<00:07:45.120> the<00:07:45.199> last<00:07:45.360> 20<00:07:45.599> years<00:07:45.759> has

inequality in the last 20 years has

inequality in the last 20 years has increased<00:07:46.160> significantly<00:07:47.360> so

increased significantly so

increased significantly so i<00:07:48.319> don't<00:07:48.479> like<00:07:48.639> this<00:07:48.800> fatalistic<00:07:49.360> attitude

i don't like this fatalistic attitude

i don't like this fatalistic attitude that<00:07:49.680> you<00:07:49.759> will<00:07:49.840> always<00:07:50.000> have<00:07:50.160> inequality

that you will always have inequality

that you will always have inequality because<00:07:50.960> you<00:07:51.039> know

it<00:07:53.520> is<00:07:53.680> true<00:07:53.840> you<00:07:54.000> always<00:07:54.240> have<00:07:54.319> inequality

it is true you always have inequality

it is true you always have inequality but<00:07:55.199> if<00:07:55.280> you<00:07:55.440> allow<00:07:55.599> it<00:07:55.759> to<00:07:55.840> destroy<00:07:56.080> your

but if you allow it to destroy your

but if you allow it to destroy your economy<00:07:56.560> your<00:07:56.639> economy<00:07:56.960> will<00:07:57.039> still<00:07:57.199> be

economy your economy will still be

economy your economy will still be destroyed<00:07:57.919> you<00:07:58.000> know<00:07:58.160> what<00:07:58.240> i<00:07:58.319> mean<00:07:58.879> we<00:07:59.039> still

destroyed you know what i mean we still

destroyed you know what i mean we still need<00:07:59.360> to<00:07:59.440> manage<00:07:59.759> this<00:08:00.240> and<00:08:00.479> it's<00:08:00.720> growing<00:08:01.039> and

need to manage this and it's growing and

need to manage this and it's growing and growing<00:08:01.440> you<00:08:01.520> know<00:08:01.759> i've<00:08:01.919> been<00:08:02.080> analyzing<00:08:02.400> the

growing you know i've been analyzing the

growing you know i've been analyzing the economy<00:08:02.800> for<00:08:02.960> 10<00:08:03.120> 15<00:08:03.440> years<00:08:03.680> now<00:08:04.080> and<00:08:04.240> i've

economy for 10 15 years now and i've

economy for 10 15 years now and i've been<00:08:04.479> betting<00:08:04.720> on<00:08:04.800> disaster<00:08:05.520> because<00:08:05.759> of

been betting on disaster because of

been betting on disaster because of inequality<00:08:06.319> and<00:08:06.400> i<00:08:06.479> keep<00:08:06.639> being<00:08:06.800> right<00:08:07.039> and<00:08:07.120> i

inequality and i keep being right and i

inequality and i keep being right and i don't<00:08:07.280> want<00:08:07.440> to<00:08:07.520> be<00:08:07.680> right<00:08:08.000> you<00:08:08.080> know

don't want to be right you know

don't want to be right you know you<00:08:09.360> know<00:08:09.759> your<00:08:09.919> car<00:08:10.080> will<00:08:10.240> never<00:08:10.400> be<00:08:10.560> perfect

you know your car will never be perfect

you know your car will never be perfect but<00:08:11.280> you<00:08:11.360> know<00:08:11.520> if<00:08:11.680> part<00:08:11.840> of<00:08:11.919> it<00:08:12.000> is<00:08:12.080> broken<00:08:12.319> you

but you know if part of it is broken you

but you know if part of it is broken you still<00:08:12.560> need<00:08:12.639> to<00:08:12.720> fix<00:08:12.960> it<00:08:13.120> and<00:08:13.280> the<00:08:13.360> economy<00:08:13.759> is

still need to fix it and the economy is

still need to fix it and the economy is the<00:08:13.919> same<00:08:14.240> you<00:08:14.319> know<00:08:14.479> we<00:08:14.560> will<00:08:14.720> never<00:08:14.879> have<00:08:14.960> a

the same you know we will never have a

the same you know we will never have a perfect<00:08:15.360> economy<00:08:15.599> but<00:08:15.759> we<00:08:15.840> can<00:08:15.919> have<00:08:16.000> a<00:08:16.080> much

perfect economy but we can have a much

perfect economy but we can have a much better<00:08:16.400> one<00:08:16.560> than<00:08:16.639> we<00:08:16.720> have<00:08:16.879> now

better one than we have now

better one than we have now what<00:08:17.840> was<00:08:18.000> your<00:08:18.160> motivation<00:08:18.879> to<00:08:19.039> be<00:08:19.360> become<00:08:19.680> a

what was your motivation to be become a

what was your motivation to be become a trader

trader

trader i<00:08:21.039> was<00:08:21.280> poor<00:08:21.520> and<00:08:21.599> i<00:08:21.680> wanted<00:08:21.919> to<00:08:22.000> be<00:08:22.080> rich<00:08:22.479> you

i was poor and i wanted to be rich you

i was poor and i wanted to be rich you know<00:08:22.960> i<00:08:23.120> come<00:08:23.280> from<00:08:23.360> a<00:08:23.440> very<00:08:23.599> poor<00:08:23.840> family<00:08:24.240> you

know i come from a very poor family you

know i come from a very poor family you know<00:08:24.639> and

know and

know and i<00:08:25.919> help<00:08:26.080> my<00:08:26.160> brother<00:08:26.400> get<00:08:26.479> a<00:08:26.560> house<00:08:26.800> i<00:08:26.879> help<00:08:27.039> my

i help my brother get a house i help my

i help my brother get a house i help my sister<00:08:27.360> get<00:08:27.520> a<00:08:27.599> house<00:08:27.919> you<00:08:28.000> know<00:08:28.160> i<00:08:28.479> take<00:08:28.639> care

sister get a house you know i take care

sister get a house you know i take care of<00:08:28.879> my<00:08:28.960> parents

of my parents

of my parents you<00:08:30.560> know<00:08:31.039> i<00:08:31.199> was<00:08:31.360> poor<00:08:31.599> i<00:08:31.680> know<00:08:31.840> it's<00:08:31.919> like<00:08:32.080> to

you know i was poor i know it's like to

you know i was poor i know it's like to be<00:08:32.240> poor<00:08:32.479> when<00:08:32.640> you're<00:08:32.800> poor<00:08:33.200> ain't<00:08:33.360> no<00:08:33.519> one

be poor when you're poor ain't no one

be poor when you're poor ain't no one going<00:08:33.760> to<00:08:33.839> come<00:08:34.000> out<00:08:34.080> and<00:08:34.159> make<00:08:34.399> you<00:08:34.479> not<00:08:34.640> poor

going to come out and make you not poor

going to come out and make you not poor unless<00:08:34.959> you<00:08:35.039> do<00:08:35.120> it<00:08:35.200> yourself

unless you do it yourself

unless you do it yourself that's<00:08:36.240> what<00:08:36.399> i<00:08:36.479> wanted<00:08:36.640> to<00:08:36.719> do<00:08:36.880> and<00:08:36.959> that's

that's what i wanted to do and that's

that's what i wanted to do and that's what<00:08:37.120> i<00:08:37.200> did

what i did

what i did and<00:08:39.039> once<00:08:39.279> you<00:08:39.360> have<00:08:39.519> the<00:08:39.599> feeling<00:08:40.080> okay<00:08:40.399> now<00:08:40.560> i

and once you have the feeling okay now i

and once you have the feeling okay now i can<00:08:40.800> do<00:08:40.959> this<00:08:41.680> that<00:08:41.839> was<00:08:42.080> it

can do this that was it

can do this that was it yeah<00:08:44.320> i<00:08:44.399> mean<00:08:44.560> i<00:08:44.640> was<00:08:44.800> always<00:08:45.040> like

yeah i mean i was always like

yeah i mean i was always like smart

smart

smart good<00:08:47.360> at<00:08:47.440> maths<00:08:47.839> at<00:08:48.000> school<00:08:48.320> you<00:08:48.399> know<00:08:48.640> i<00:08:48.800> just

good at maths at school you know i just

good at maths at school you know i just thought<00:08:49.120> why<00:08:49.279> not<00:08:49.440> me<00:08:50.000> you<00:08:50.080> know<00:08:50.240> i<00:08:50.320> went<00:08:50.480> to<00:08:50.560> a

thought why not me you know i went to a

thought why not me you know i went to a good<00:08:50.800> universe<00:08:51.200> you<00:08:51.279> know<00:08:51.440> i<00:08:51.440> was<00:08:51.519> one<00:08:51.600> of<00:08:51.680> the

good universe you know i was one of the

good universe you know i was one of the top<00:08:52.000> students<00:08:52.560> and

top students and

top students and yeah<00:08:53.839> i<00:08:53.920> thought<00:08:54.080> i<00:08:54.160> could<00:08:54.240> do<00:08:54.399> it<00:08:54.480> when<00:08:54.640> i<00:08:54.720> went

yeah i thought i could do it when i went

yeah i thought i could do it when i went into<00:08:55.040> the<00:08:55.120> city<00:08:55.360> and<00:08:55.440> i<00:08:55.600> realized<00:08:55.920> the<00:08:56.080> truth

into the city and i realized the truth

into the city and i realized the truth is<00:08:56.560> it's

is it's

is it's there<00:08:57.440> are<00:08:57.519> some<00:08:57.680> smart<00:08:57.920> people<00:08:58.160> there<00:08:58.240> but

there are some smart people there but

there are some smart people there but it's<00:08:58.480> not<00:08:58.560> full<00:08:58.720> of<00:08:58.800> geniuses<00:08:59.760> yeah<00:09:00.080> you<00:09:00.160> know

it's not full of geniuses yeah you know

it's not full of geniuses yeah you know i'm<00:09:00.640> as<00:09:00.720> good<00:09:00.880> as<00:09:00.959> anyone<00:09:01.440> why<00:09:01.680> can't<00:09:01.839> i<00:09:02.000> be<00:09:02.080> the

i'm as good as anyone why can't i be the

i'm as good as anyone why can't i be the top<00:09:02.320> trade<00:09:02.480> in<00:09:02.560> the<00:09:02.640> city<00:09:02.880> and<00:09:03.200> i<00:09:03.279> was

top trade in the city and i was

top trade in the city and i was you<00:09:05.519> could<00:09:05.680> have<00:09:05.760> gone<00:09:06.080> on<00:09:06.320> made<00:09:06.560> loads<00:09:06.800> of

you could have gone on made loads of

you could have gone on made loads of money<00:09:07.279> and<00:09:07.519> spread<00:09:08.000> it<00:09:08.080> around

money and spread it around

money and spread it around yeah<00:09:09.519> but<00:09:09.680> you<00:09:09.839> know<00:09:10.160> i<00:09:10.320> literally<00:09:10.640> made<00:09:10.880> money

yeah but you know i literally made money

yeah but you know i literally made money by<00:09:11.279> betting<00:09:11.600> on<00:09:12.000> economic<00:09:12.399> disaster<00:09:13.120> you<00:09:13.279> know

by betting on economic disaster you know

by betting on economic disaster you know and<00:09:13.600> that's<00:09:14.240> that's<00:09:14.560> not<00:09:14.720> a<00:09:14.959> ideological

and that's that's not a ideological

and that's that's not a ideological thing<00:09:15.680> my<00:09:15.839> job<00:09:16.080> was<00:09:16.240> to<00:09:16.320> analyze<00:09:16.640> the<00:09:16.720> economy

thing my job was to analyze the economy

thing my job was to analyze the economy i<00:09:17.279> analyzed<00:09:17.600> the<00:09:17.680> economy<00:09:18.320> my<00:09:18.480> conclusion<00:09:18.959> was

i analyzed the economy my conclusion was

i analyzed the economy my conclusion was we<00:09:19.680> have<00:09:19.839> a<00:09:19.920> serious<00:09:20.399> structural<00:09:20.800> problem<00:09:21.040> of

we have a serious structural problem of

we have a serious structural problem of inequality<00:09:21.920> it's<00:09:22.080> not<00:09:22.240> being<00:09:22.399> dealt<00:09:22.640> with

inequality it's not being dealt with

inequality it's not being dealt with it's<00:09:23.120> not<00:09:23.200> going<00:09:23.360> to<00:09:23.440> be<00:09:23.519> dealt<00:09:23.760> with<00:09:24.240> we<00:09:24.399> will

it's not going to be dealt with we will

it's not going to be dealt with we will have<00:09:24.640> a<00:09:24.720> disaster<00:09:25.519> i<00:09:25.760> bet<00:09:25.920> on<00:09:26.080> that<00:09:26.560> and<00:09:26.640> then

have a disaster i bet on that and then

have a disaster i bet on that and then by<00:09:26.959> the<00:09:27.040> end<00:09:27.200> of<00:09:27.279> that<00:09:27.360> year<00:09:27.519> i<00:09:27.600> was<00:09:28.080> the<00:09:28.240> top

by the end of that year i was the top

by the end of that year i was the top trade<00:09:28.640> in<00:09:28.720> the<00:09:28.800> world<00:09:28.959> for<00:09:29.120> one<00:09:29.200> of<00:09:29.200> the

trade in the world for one of the

trade in the world for one of the world's<00:09:29.440> biggest<00:09:29.680> banks<00:09:30.320> you<00:09:30.480> know

world's biggest banks you know

world's biggest banks you know you<00:09:32.800> don't<00:09:32.959> need<00:09:33.120> to<00:09:33.279> be<00:09:33.360> mahatma<00:09:33.760> gandhi<00:09:34.080> to

you don't need to be mahatma gandhi to

you don't need to be mahatma gandhi to say<00:09:34.399> something<00:09:34.640> should<00:09:34.800> be<00:09:34.880> done<00:09:35.040> here<00:09:35.200> you

say something should be done here you

say something should be done here you know<00:09:35.360> what<00:09:35.440> i<00:09:35.440> mean<00:09:35.600> if<00:09:35.760> your<00:09:36.000> job<00:09:36.560> is<00:09:36.720> to

know what i mean if your job is to

know what i mean if your job is to analyze<00:09:37.360> fire<00:09:37.600> security<00:09:38.320> and<00:09:38.480> the<00:09:38.560> result<00:09:38.880> is

analyze fire security and the result is

analyze fire security and the result is the<00:09:39.040> whole<00:09:39.200> city<00:09:39.440> is<00:09:39.519> going<00:09:39.600> to<00:09:39.680> burn<00:09:39.920> down

the whole city is going to burn down

the whole city is going to burn down what<00:09:40.480> are<00:09:40.560> you<00:09:40.640> going<00:09:40.720> to<00:09:40.800> do<00:09:41.279> you're<00:09:41.440> not<00:09:41.600> just

what are you going to do you're not just

what are you going to do you're not just going<00:09:41.839> to<00:09:41.920> bet<00:09:42.080> on<00:09:42.240> it<00:09:42.320> you're<00:09:42.399> going<00:09:42.480> to<00:09:42.560> try

going to bet on it you're going to try

going to bet on it you're going to try and<00:09:43.200> tell<00:09:43.440> people<00:09:43.760> you<00:09:43.920> know<00:09:44.240> um

and tell people you know um

and tell people you know um look<00:09:45.920> i'm<00:09:46.160> a<00:09:46.240> very<00:09:46.399> good<00:09:46.560> economist<00:09:47.040> i've<00:09:47.200> been

look i'm a very good economist i've been

look i'm a very good economist i've been paid<00:09:47.519> very<00:09:47.680> very<00:09:47.839> well<00:09:48.080> because<00:09:48.240> i<00:09:48.320> understand

paid very very well because i understand

paid very very well because i understand what's<00:09:48.800> happening<00:09:49.600> i<00:09:49.680> think<00:09:49.839> we<00:09:50.000> have<00:09:50.240> a

what's happening i think we have a

what's happening i think we have a problem<00:09:50.800> which<00:09:51.040> is<00:09:51.200> very<00:09:51.440> serious<00:09:51.839> and

problem which is very serious and

problem which is very serious and getting<00:09:52.160> worse<00:09:52.480> but<00:09:52.640> it's<00:09:52.720> fixable<00:09:53.600> and<00:09:53.760> i

getting worse but it's fixable and i

getting worse but it's fixable and i want<00:09:54.000> us<00:09:54.160> to<00:09:54.240> fix<00:09:54.480> it<00:09:54.720> because<00:09:55.040> i<00:09:55.120> don't<00:09:55.279> want

want us to fix it because i don't want

want us to fix it because i don't want the<00:09:55.600> world<00:09:55.839> to<00:09:56.000> be<00:09:56.640> terrible<00:09:57.440> it's<00:09:57.519> not

the world to be terrible it's not

the world to be terrible it's not complicated

complicated

complicated have<00:09:59.200> you<00:09:59.279> been<00:09:59.519> approached<00:10:00.000> by<00:10:00.480> the<00:10:00.640> labour

have you been approached by the labour

have you been approached by the labour party

party

party um<00:10:02.880> i<00:10:03.040> don't<00:10:03.200> want<00:10:03.279> to<00:10:03.440> name<00:10:03.680> individual<00:10:04.240> names

um i don't want to name individual names

um i don't want to name individual names but<00:10:04.640> i<00:10:04.720> have<00:10:04.880> spoken<00:10:05.279> some<00:10:05.440> labor<00:10:05.760> mps<00:10:06.399> um

but i have spoken some labor mps um

but i have spoken some labor mps um there's<00:10:08.000> a<00:10:08.079> reshuffle<00:10:08.560> recently<00:10:08.880> they

there's a reshuffle recently they

there's a reshuffle recently they haven't<00:10:09.200> spoken<00:10:09.440> to<00:10:09.600> me<00:10:09.680> since<00:10:10.320> um<00:10:11.120> but<00:10:11.279> i'm

haven't spoken to me since um but i'm

haven't spoken to me since um but i'm here<00:10:11.839> you<00:10:11.920> know<00:10:12.160> and<00:10:12.399> i'm<00:10:12.560> open<00:10:12.800> to<00:10:12.880> the

here you know and i'm open to the

here you know and i'm open to the conservatives<00:10:13.440> as<00:10:13.519> well<00:10:13.920> i<00:10:14.000> call<00:10:14.240> out<00:10:14.320> richard

conservatives as well i call out richard

conservatives as well i call out richard sonic<00:10:14.959> often<00:10:15.200> because<00:10:15.440> he's<00:10:15.600> very<00:10:15.760> wealthy

sonic often because he's very wealthy

sonic often because he's very wealthy and<00:10:16.720> he's<00:10:16.880> a<00:10:16.959> chancellor<00:10:17.360> so<00:10:17.440> he's<00:10:17.600> very

and he's a chancellor so he's very

and he's a chancellor so he's very powerful

powerful

powerful i'd<00:10:18.560> be<00:10:18.720> delighted<00:10:19.120> to<00:10:19.200> speak<00:10:19.360> to<00:10:19.519> him<00:10:19.600> about

i'd be delighted to speak to him about

i'd be delighted to speak to him about ways<00:10:20.079> they<00:10:20.160> could<00:10:20.320> improve<00:10:20.560> the<00:10:20.720> economy<00:10:21.279> um

ways they could improve the economy um

ways they could improve the economy um yeah<00:10:22.640> i'm<00:10:22.880> open<00:10:23.120> to<00:10:23.279> it<00:10:23.680> you<00:10:23.839> can<00:10:23.920> give<00:10:24.079> them<00:10:24.160> my

yeah i'm open to it you can give them my

yeah i'm open to it you can give them my number<00:10:24.560> if<00:10:24.640> you<00:10:24.720> know<00:10:24.880> him

sun's<00:10:29.279> gone

i<00:10:43.839> strongly<00:10:44.240> suspect<00:10:44.640> you<00:10:44.720> wouldn't<00:10:45.040> yes

i strongly suspect you wouldn't yes

i strongly suspect you wouldn't yes um

um

um what<00:10:48.720> else<00:10:48.880> i<00:10:48.959> want<00:10:49.120> to<00:10:49.200> say<00:10:49.600> energy<00:10:50.000> prices

what else i want to say energy prices

what else i want to say energy prices let's<00:10:50.640> talk<00:10:50.800> about<00:10:51.040> energy<00:10:51.360> prices<00:10:51.680> sarah

let's talk about energy prices sarah

let's talk about energy prices sarah went<00:10:52.160> to<00:10:52.320> burnley<00:10:52.800> and<00:10:52.959> filmed<00:10:53.519> with<00:10:53.839> some

went to burnley and filmed with some

went to burnley and filmed with some really

really

really poor<00:10:55.600> people<00:10:56.000> in<00:10:56.320> the<00:10:56.480> proper<00:10:56.800> sense<00:10:57.040> of<00:10:57.200> the

poor people in the proper sense of the

poor people in the proper sense of the world

world

world yeah<00:11:00.320> what<00:11:00.640> what<00:11:00.880> do<00:11:01.120> these<00:11:01.440> energy<00:11:01.920> prices

yeah what what do these energy prices

yeah what what do these energy prices tell<00:11:02.560> us<00:11:02.720> i<00:11:02.800> mean<00:11:03.040> obviously<00:11:03.519> everybody<00:11:03.920> was

tell us i mean obviously everybody was

tell us i mean obviously everybody was like<00:11:04.240> oh<00:11:04.480> the<00:11:04.640> energy<00:11:05.040> prices<00:11:05.519> are<00:11:05.600> going<00:11:05.839> up

like oh the energy prices are going up

like oh the energy prices are going up we<00:11:06.160> can't<00:11:06.320> do<00:11:06.560> anything<00:11:06.880> against<00:11:07.360> it<00:11:07.519> and

we can't do anything against it and

we can't do anything against it and unfortunately<00:11:08.480> now<00:11:08.640> you<00:11:08.800> have<00:11:08.880> to<00:11:09.040> pay<00:11:09.200> them

unfortunately now you have to pay them

unfortunately now you have to pay them yeah

yeah

yeah okay<00:11:11.360> the<00:11:11.519> energy<00:11:11.839> price<00:11:12.000> situation<00:11:12.480> is<00:11:12.560> very

okay the energy price situation is very

okay the energy price situation is very very<00:11:13.120> serious<00:11:13.600> okay<00:11:13.920> it's<00:11:14.079> a<00:11:14.399> really

very serious okay it's a really

very serious okay it's a really significant<00:11:15.839> extra<00:11:16.079> cost<00:11:16.720> on<00:11:16.880> families<00:11:17.279> who

significant extra cost on families who

significant extra cost on families who cannot<00:11:17.680> afford<00:11:17.920> to<00:11:18.000> pay<00:11:18.240> it<00:11:18.399> you<00:11:18.560> know<00:11:18.640> we're

cannot afford to pay it you know we're

cannot afford to pay it you know we're talking<00:11:19.120> about<00:11:19.680> people<00:11:19.920> will<00:11:20.000> be<00:11:20.160> driven<00:11:20.399> into

talking about people will be driven into

talking about people will be driven into poverty<00:11:21.279> not<00:11:21.519> able<00:11:21.680> to<00:11:21.839> hit<00:11:22.000> their<00:11:22.160> homes<00:11:22.720> not

poverty not able to hit their homes not

poverty not able to hit their homes not able<00:11:23.120> to<00:11:23.519> feed<00:11:23.680> their<00:11:23.839> families<00:11:24.640> not<00:11:24.800> able<00:11:25.040> to

able to feed their families not able to

able to feed their families not able to pay<00:11:25.279> their<00:11:25.440> rent<00:11:25.680> their<00:11:25.760> mortgages<00:11:26.240> people

pay their rent their mortgages people

pay their rent their mortgages people become<00:11:26.720> homeless<00:11:27.040> this<00:11:27.200> is<00:11:27.279> really<00:11:27.440> really

become homeless this is really really

become homeless this is really really really<00:11:27.839> serious<00:11:28.720> um

really serious um

really serious um the<00:11:30.079> message<00:11:30.480> i<00:11:30.560> would<00:11:30.720> like<00:11:30.880> to<00:11:30.959> put<00:11:31.200> out

the message i would like to put out

the message i would like to put out there<00:11:31.839> is<00:11:31.920> that<00:11:32.079> in<00:11:32.160> the<00:11:32.240> last<00:11:32.560> two<00:11:32.720> years

there is that in the last two years

there is that in the last two years we<00:11:33.760> have<00:11:33.920> seen<00:11:34.160> an<00:11:34.399> unprecedented<00:11:35.120> increase

we have seen an unprecedented increase

we have seen an unprecedented increase in<00:11:35.600> millionaire<00:11:36.079> and<00:11:36.160> billionaire<00:11:36.560> wealth

in millionaire and billionaire wealth

in millionaire and billionaire wealth and<00:11:37.120> that's<00:11:37.360> a<00:11:37.440> result<00:11:37.839> of<00:11:37.920> the<00:11:38.000> way<00:11:38.160> we<00:11:38.320> dealt

and that's a result of the way we dealt

and that's a result of the way we dealt with<00:11:38.560> the<00:11:38.640> coping<00:11:38.959> crisis<00:11:39.760> so

with the coping crisis so

with the coping crisis so people<00:11:41.600> are<00:11:41.760> given<00:11:42.000> this<00:11:42.160> message<00:11:42.560> that<00:11:42.800> this

people are given this message that this

people are given this message that this is<00:11:43.440> almost<00:11:43.680> like<00:11:43.839> an<00:11:44.000> act<00:11:44.160> of<00:11:44.320> god<00:11:44.640> or<00:11:44.800> at<00:11:44.959> least

is almost like an act of god or at least

is almost like an act of god or at least it's<00:11:45.360> because<00:11:45.600> of<00:11:45.680> the<00:11:45.839> war<00:11:46.240> prices<00:11:46.560> have<00:11:46.640> gone

it's because of the war prices have gone

it's because of the war prices have gone up<00:11:46.880> there's<00:11:47.040> nothing<00:11:47.200> we<00:11:47.360> can<00:11:47.440> do<00:11:48.079> but<00:11:48.240> at<00:11:48.399> the

up there's nothing we can do but at the

up there's nothing we can do but at the same<00:11:48.720> time<00:11:49.600> we've<00:11:49.839> seen<00:11:50.320> the<00:11:50.480> average

same time we've seen the average

same time we've seen the average billionaire<00:11:51.200> increase<00:11:51.440> to<00:11:51.519> us<00:11:51.680> by<00:11:51.760> 630

billionaire increase to us by 630

billionaire increase to us by 630 million<00:11:52.639> pounds<00:11:52.880> in<00:11:53.040> this<00:11:53.120> country<00:11:53.680> a<00:11:53.839> single

million pounds in this country a single

million pounds in this country a single year<00:11:54.480> 22<00:11:55.200> increase<00:11:55.440> in<00:11:55.519> billionaire<00:11:56.000> and

year 22 increase in billionaire and

year 22 increase in billionaire and millionaire<00:11:56.480> wealth<00:11:56.720> the<00:11:56.800> biggest<00:11:57.120> ever

millionaire wealth the biggest ever

millionaire wealth the biggest ever single<00:11:57.600> year<00:11:57.839> increase<00:11:58.639> and<00:11:58.720> yet<00:11:58.959> we're

single year increase and yet we're

single year increase and yet we're sitting<00:11:59.440> here<00:11:59.839> with<00:12:00.079> a<00:12:00.160> cost<00:12:00.399> of<00:12:00.480> living

sitting here with a cost of living

sitting here with a cost of living crisis<00:12:01.040> which<00:12:01.200> means<00:12:01.440> ordinary<00:12:01.760> people<00:12:01.920> can't

crisis which means ordinary people can't

crisis which means ordinary people can't pay<00:12:02.240> the<00:12:02.320> bills<00:12:02.880> and<00:12:03.040> we're<00:12:03.200> saying<00:12:03.360> there's

pay the bills and we're saying there's

pay the bills and we're saying there's nothing<00:12:03.760> we<00:12:03.839> can<00:12:03.920> do<00:12:04.320> there's<00:12:04.480> no<00:12:04.720> money<00:12:05.040> it's

nothing we can do there's no money it's

nothing we can do there's no money it's it's

it's

it's it's<00:12:06.480> mind-blowing<00:12:06.959> to<00:12:07.120> me<00:12:07.519> you<00:12:07.680> know<00:12:08.240> why<00:12:08.560> are

it's mind-blowing to me you know why are

it's mind-blowing to me you know why are people<00:12:08.880> not<00:12:09.120> pointing<00:12:09.440> out<00:12:09.600> the<00:12:09.680> fact<00:12:09.920> that

people not pointing out the fact that

people not pointing out the fact that the<00:12:10.160> rich<00:12:10.399> and<00:12:10.480> the<00:12:10.639> super<00:12:10.880> rich<00:12:11.120> have<00:12:11.360> made<00:12:11.600> an

the rich and the super rich have made an

the rich and the super rich have made an unprecedented<00:12:12.720> and<00:12:12.880> unprecedented<00:12:13.600> amount

unprecedented and unprecedented amount

unprecedented and unprecedented amount of<00:12:13.920> money<00:12:14.320> in<00:12:14.480> the<00:12:14.560> last<00:12:14.800> two<00:12:14.959> years<00:12:15.600> if<00:12:15.680> you

of money in the last two years if you

of money in the last two years if you tax<00:12:16.079> them

tax them

tax them then<00:12:17.040> there's<00:12:17.200> no<00:12:17.360> crisis<00:12:18.240> but<00:12:18.399> we're<00:12:18.560> not

then there's no crisis but we're not

then there's no crisis but we're not talking<00:12:18.880> about<00:12:19.040> it<00:12:19.200> and<00:12:19.360> it's

talking about it and it's

talking about it and it's it's<00:12:20.480> driving<00:12:20.800> me<00:12:20.959> mad<00:12:21.200> and<00:12:21.279> you<00:12:21.360> know<00:12:21.760> that's

it's driving me mad and you know that's

it's driving me mad and you know that's why<00:12:22.160> i'm<00:12:22.240> talking<00:12:22.480> about<00:12:22.720> it