← Back to all transcripts

The rich are eating the middle class

April 26, 2024
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
00:00:00

the<00:00:00.199> rich<00:00:00.440> are<00:00:00.680> eating<00:00:01.079> the<00:00:01.240> middle<00:00:01.599> class<00:00:02.240> and

00:00:02

the rich are eating the middle class and

00:00:02

the rich are eating the middle class and they<00:00:02.480> are<00:00:02.639> eating<00:00:03.040> the<00:00:03.200> government<00:00:04.200> and<00:00:04.359> in

00:00:04

they are eating the government and in

00:00:04

they are eating the government and in this<00:00:04.640> country<00:00:04.920> we're<00:00:05.040> shutting<00:00:05.319> down<00:00:05.440> the

00:00:05

this country we're shutting down the

00:00:05

this country we're shutting down the welfare<00:00:05.920> state<00:00:06.359> we're<00:00:06.520> shutting<00:00:06.799> down<00:00:06.960> the

00:00:07

welfare state we're shutting down the

00:00:07

welfare state we're shutting down the healthare<00:00:07.759> education's<00:00:08.360> collapsing<00:00:09.080> the

00:00:09

healthare education's collapsing the

00:00:09

healthare education's collapsing the police<00:00:09.559> system<00:00:09.840> is<00:00:09.960> collapsing<00:00:10.800> local<00:00:11.080> youth

00:00:11

police system is collapsing local youth

00:00:11

police system is collapsing local youth services<00:00:12.000> are

00:00:12

services are

00:00:12

services are collapsing<00:00:13.920> the<00:00:14.080> rich<00:00:14.280> are<00:00:14.440> eating<00:00:14.759> Us<00:00:15.080> Alive

00:00:15

collapsing the rich are eating Us Alive

00:00:15

collapsing the rich are eating Us Alive just<00:00:16.119> look<00:00:16.279> at<00:00:16.400> the<00:00:16.560> numbers<00:00:17.119> in<00:00:17.199> the<00:00:17.320> first

00:00:17

just look at the numbers in the first

00:00:17

just look at the numbers in the first year<00:00:17.680> of<00:00:17.880> covid<00:00:18.560> the<00:00:18.720> average<00:00:19.039> US<00:00:19.320> billionaire

00:00:20

year of covid the average US billionaire

00:00:20

year of covid the average US billionaire doubled<00:00:20.640> their<00:00:20.840> wealth<00:00:21.439> in<00:00:21.720> one<00:00:22.160> year<00:00:22.840> my<00:00:23.039> dad

00:00:23

doubled their wealth in one year my dad

00:00:23

doubled their wealth in one year my dad lived<00:00:23.480> in<00:00:23.599> an<00:00:23.720> age<00:00:24.039> where<00:00:24.160> you<00:00:24.519> could<00:00:25.519> work<00:00:26.039> a

00:00:26

lived in an age where you could work a

00:00:26

lived in an age where you could work a regular<00:00:26.679> job<00:00:27.199> and<00:00:27.359> support<00:00:27.679> a<00:00:27.880> family<00:00:28.320> and<00:00:28.400> you

00:00:28

regular job and support a family and you

00:00:28

regular job and support a family and you know<00:00:28.679> I<00:00:28.760> went<00:00:28.920> to<00:00:29.039> school<00:00:29.279> with<00:00:29.439> kids<00:00:29.679> who

00:00:30

know I went to school with kids who

00:00:30

know I went to school with kids who recently<00:00:30.439> come<00:00:30.599> over<00:00:30.800> from<00:00:31.000> Pakistan<00:00:31.759> working

00:00:32

recently come over from Pakistan working

00:00:32

recently come over from Pakistan working in<00:00:32.239> shops<00:00:32.840> being<00:00:33.040> able<00:00:33.239> to<00:00:33.480> buy<00:00:33.800> houses<00:00:34.160> and

00:00:34

in shops being able to buy houses and

00:00:34

in shops being able to buy houses and raise<00:00:34.680> families<00:00:35.040> and<00:00:35.200> accumulate<00:00:35.680> wealth<00:00:36.079> it

00:00:36

raise families and accumulate wealth it

00:00:36

raise families and accumulate wealth it was<00:00:36.600> possible<00:00:37.000> 20<00:00:37.280> 30<00:00:37.520> years<00:00:37.640> ago<00:00:37.800> and<00:00:37.879> we're

00:00:38

was possible 20 30 years ago and we're

00:00:38

was possible 20 30 years ago and we're losing<00:00:38.440> that<00:00:38.960> this<00:00:39.239> economic<00:00:39.680> situation<00:00:40.120> does

00:00:40

losing that this economic situation does

00:00:40

losing that this economic situation does not<00:00:40.480> get<00:00:40.719> better<00:00:41.719> it<00:00:41.879> can<00:00:42.120> get<00:00:42.320> better<00:00:43.039> if<00:00:43.160> we

00:00:43

not get better it can get better if we

00:00:43

not get better it can get better if we deal<00:00:43.480> with<00:00:43.600> the<00:00:43.719> inequality<00:00:44.320> if<00:00:44.440> we<00:00:44.559> deal<00:00:44.719> with

00:00:44

deal with the inequality if we deal with

00:00:44

deal with the inequality if we deal with the<00:00:44.960> tax<00:00:45.200> system<00:00:45.640> but<00:00:45.800> I'm<00:00:46.000> the<00:00:46.079> moment<00:00:46.320> we

00:00:46

the tax system but I'm the moment we

00:00:46

the tax system but I'm the moment we have<00:00:46.520> a<00:00:46.640> tax<00:00:46.879> system<00:00:47.640> that<00:00:47.760> makes<00:00:47.960> you<00:00:48.160> pay<00:00:48.360> 40%

00:00:49

have a tax system that makes you pay 40%

00:00:49

have a tax system that makes you pay 40% and<00:00:49.199> makes<00:00:49.399> Elon<00:00:49.719> Musk<00:00:50.000> pay<00:00:50.160> nothing<00:00:50.600> and<00:00:50.760> Elon

00:00:51

and makes Elon Musk pay nothing and Elon

00:00:51

and makes Elon Musk pay nothing and Elon musk's<00:00:51.600> Elon<00:00:51.920> musk's<00:00:52.320> kids<00:00:52.760> are<00:00:52.879> going<00:00:53.000> to<00:00:53.120> own

00:00:53

musk's Elon musk's kids are going to own

00:00:53

musk's Elon musk's kids are going to own the<00:00:53.520> houses<00:00:53.960> that<00:00:54.120> your<00:00:54.280> kids<00:00:54.480> need<00:00:54.800> and<00:00:54.879> your

00:00:55

the houses that your kids need and your

00:00:55

the houses that your kids need and your kids<00:00:55.199> will<00:00:55.280> be<00:00:55.440> poor