there<00:00:00.240> are<00:00:00.399> growing<00:00:00.719> concerns<00:00:01.280> around<00:00:01.599> the

there are growing concerns around the

there are growing concerns around the globe<00:00:02.240> over<00:00:02.480> the<00:00:02.560> growing<00:00:02.960> gap<00:00:03.280> between

globe over the growing gap between

globe over the growing gap between wealthy<00:00:04.319> and<00:00:04.560> poor<00:00:04.960> not<00:00:05.120> just<00:00:05.279> in<00:00:05.359> the<00:00:05.440> united

wealthy and poor not just in the united

wealthy and poor not just in the united states<00:00:06.000> of<00:00:06.080> course<00:00:06.319> but<00:00:06.480> literally<00:00:06.799> around

states of course but literally around

states of course but literally around the<00:00:07.200> globe<00:00:07.919> and<00:00:08.080> there<00:00:08.240> seems<00:00:08.480> to<00:00:08.639> be<00:00:08.720> a

the globe and there seems to be a

the globe and there seems to be a consensus<00:00:09.360> emerging<00:00:09.840> at<00:00:09.920> least<00:00:10.160> in<00:00:10.240> some

consensus emerging at least in some

consensus emerging at least in some quarters<00:00:11.040> over<00:00:11.360> some<00:00:11.599> sort<00:00:11.759> of<00:00:11.920> wealth<00:00:12.320> tax<00:00:12.559> in

quarters over some sort of wealth tax in

quarters over some sort of wealth tax in the<00:00:12.719> united<00:00:13.040> states<00:00:13.280> for<00:00:13.440> example<00:00:13.840> taxing

the united states for example taxing

the united states for example taxing some<00:00:14.320> of<00:00:14.400> the<00:00:14.480> wealthiest<00:00:15.360> americans<00:00:16.160> in

some of the wealthiest americans in

some of the wealthiest americans in order<00:00:16.560> to<00:00:16.640> help<00:00:16.880> pay<00:00:17.119> for<00:00:17.440> things<00:00:17.680> that<00:00:17.840> the

order to help pay for things that the

order to help pay for things that the government<00:00:18.320> is<00:00:18.400> currently<00:00:18.800> not<00:00:19.039> paying<00:00:19.359> for

government is currently not paying for

government is currently not paying for is<00:00:19.760> that<00:00:19.920> such<00:00:20.160> a<00:00:20.240> good<00:00:20.400> idea<00:00:20.800> joining<00:00:21.119> us<00:00:21.359> is

is that such a good idea joining us is

is that such a good idea joining us is gary<00:00:22.080> stevenson<00:00:22.720> he<00:00:22.880> is<00:00:23.039> a<00:00:23.279> traitor<00:00:24.000> turned

gary stevenson he is a traitor turned

gary stevenson he is a traitor turned inequality<00:00:25.199> a<00:00:25.439> comment<00:00:26.000> economist<00:00:26.560> he<00:00:26.720> joins

inequality a comment economist he joins

inequality a comment economist he joins us<00:00:27.039> from<00:00:27.279> london

us from london

us from london gary<00:00:28.400> first<00:00:28.640> of<00:00:28.800> all<00:00:29.119> before<00:00:29.359> we<00:00:29.439> get<00:00:29.599> into<00:00:29.920> a

gary first of all before we get into a

gary first of all before we get into a wealth<00:00:30.320> tax<00:00:30.640> explain<00:00:31.119> why<00:00:31.359> is<00:00:31.599> wealth

wealth tax explain why is wealth

wealth tax explain why is wealth inequality<00:00:32.640> continuing<00:00:33.280> to<00:00:33.440> get<00:00:33.680> worse

inequality continuing to get worse

inequality continuing to get worse i<00:00:35.440> think<00:00:35.600> it's<00:00:35.760> very<00:00:35.920> important<00:00:36.239> that<00:00:36.320> people

i think it's very important that people

i think it's very important that people realize<00:00:37.200> just<00:00:37.760> how<00:00:38.000> much<00:00:38.239> wealth<00:00:38.480> inequality

realize just how much wealth inequality

realize just how much wealth inequality has<00:00:39.040> increased<00:00:39.360> in<00:00:39.440> the<00:00:39.520> last<00:00:39.760> two<00:00:39.920> years<00:00:40.320> so

has increased in the last two years so

has increased in the last two years so during<00:00:40.879> covert<00:00:41.200> there<00:00:41.360> has<00:00:41.440> been<00:00:41.680> a<00:00:42.079> truly

during covert there has been a truly

during covert there has been a truly enormous<00:00:43.040> increase<00:00:43.360> in<00:00:43.440> wealth<00:00:43.680> inequality

enormous increase in wealth inequality

enormous increase in wealth inequality and<00:00:44.719> um<00:00:45.200> i<00:00:45.280> think<00:00:45.440> this<00:00:45.600> happens<00:00:45.920> in<00:00:46.000> a<00:00:46.079> way

and um i think this happens in a way

and um i think this happens in a way which<00:00:46.480> is<00:00:46.719> a<00:00:46.800> little<00:00:46.960> bit<00:00:47.120> counterintuitive

which is a little bit counterintuitive

which is a little bit counterintuitive and<00:00:48.000> i<00:00:48.000> think<00:00:48.160> it's<00:00:48.239> very<00:00:48.399> important<00:00:48.719> people

and i think it's very important people

and i think it's very important people understand<00:00:49.920> because<00:00:50.719> the<00:00:50.879> first<00:00:51.120> thing<00:00:51.280> is

understand because the first thing is

understand because the first thing is the<00:00:51.600> government

the government

the government gave<00:00:52.879> out<00:00:53.039> an<00:00:53.199> enormous<00:00:53.600> amount<00:00:53.840> of<00:00:53.920> money

gave out an enormous amount of money

gave out an enormous amount of money during<00:00:54.559> code<00:00:55.039> four<00:00:55.280> trillion<00:00:55.680> dollars<00:00:56.160> that's

during code four trillion dollars that's

during code four trillion dollars that's truly<00:00:56.879> enormous<00:00:57.280> it's<00:00:57.440> about<00:00:57.680> fifteen

truly enormous it's about fifteen

truly enormous it's about fifteen thousand<00:00:58.480> dollars<00:00:59.199> for<00:00:59.359> every<00:00:59.920> adult<00:01:00.320> in<00:01:00.399> the

thousand dollars for every adult in the

thousand dollars for every adult in the country

country

country um

um

um now<00:01:02.480> in<00:01:02.640> many<00:01:02.879> cases<00:01:03.359> that<00:01:03.600> went<00:01:04.080> directly<00:01:04.479> to

now in many cases that went directly to

now in many cases that went directly to people<00:01:04.960> who<00:01:05.119> are<00:01:05.600> poor<00:01:05.840> and<00:01:06.000> in<00:01:06.159> need<00:01:06.560> so<00:01:06.799> i

people who are poor and in need so i

people who are poor and in need so i think<00:01:07.119> people<00:01:07.360> might<00:01:07.600> think<00:01:07.760> this<00:01:08.080> would

think people might think this would

think people might think this would perhaps<00:01:08.560> be<00:01:08.880> good<00:01:09.040> for<00:01:09.200> inequality<00:01:10.080> but<00:01:10.240> you

perhaps be good for inequality but you

perhaps be good for inequality but you need<00:01:10.560> to<00:01:10.799> take<00:01:11.040> it<00:01:11.119> in<00:01:11.200> a<00:01:11.360> broader<00:01:11.760> context<00:01:12.159> of

need to take it in a broader context of

need to take it in a broader context of what's<00:01:12.479> happened<00:01:12.720> during<00:01:12.960> coving<00:01:13.680> so<00:01:13.920> during

what's happened during coving so during

what's happened during coving so during kobe<00:01:14.560> there<00:01:14.720> was<00:01:14.880> a<00:01:14.960> cancellation<00:01:15.759> of<00:01:15.920> a<00:01:16.000> lot

kobe there was a cancellation of a lot

kobe there was a cancellation of a lot of<00:01:16.320> spending<00:01:17.040> but<00:01:17.360> not<00:01:17.600> all<00:01:17.920> spending<00:01:18.400> okay<00:01:18.640> if

of spending but not all spending okay if

of spending but not all spending okay if you're<00:01:18.960> a<00:01:19.040> poor<00:01:19.360> ordinary<00:01:19.920> person<00:01:20.479> and<00:01:20.640> most

you're a poor ordinary person and most

you're a poor ordinary person and most of<00:01:20.880> your<00:01:21.040> spending<00:01:21.360> is<00:01:21.520> on<00:01:21.840> rent<00:01:22.479> mortgage

of your spending is on rent mortgage

of your spending is on rent mortgage food<00:01:23.439> bills

food bills

food bills those<00:01:24.720> expenditures<00:01:25.280> remained<00:01:25.680> during

those expenditures remained during

those expenditures remained during coving<00:01:26.560> the<00:01:26.720> kind<00:01:26.880> of<00:01:27.040> expenditures<00:01:27.520> which

coving the kind of expenditures which

coving the kind of expenditures which disappeared<00:01:28.159> during<00:01:28.479> kobe<00:01:29.040> were<00:01:29.280> luxury<00:01:29.920> and

disappeared during kobe were luxury and

disappeared during kobe were luxury and non-essential<00:01:30.640> spending<00:01:31.439> so<00:01:31.680> who<00:01:31.840> has<00:01:32.079> the

non-essential spending so who has the

non-essential spending so who has the most<00:01:32.560> luxury<00:01:32.960> and<00:01:33.040> non-essential<00:01:33.600> spending

most luxury and non-essential spending

most luxury and non-essential spending basically<00:01:35.040> it's<00:01:35.200> rich<00:01:35.439> people<00:01:36.000> so<00:01:36.240> during

basically it's rich people so during

basically it's rich people so during covid<00:01:37.280> rich<00:01:37.600> people<00:01:38.159> massively<00:01:38.799> stopped

covid rich people massively stopped

covid rich people massively stopped spending<00:01:39.920> now<00:01:40.159> that<00:01:40.320> causes<00:01:40.799> two<00:01:41.040> problems

spending now that causes two problems

spending now that causes two problems one<00:01:41.920> is<00:01:42.240> that<00:01:42.479> spending<00:01:42.880> drives<00:01:43.280> ordinary

one is that spending drives ordinary

one is that spending drives ordinary people's<00:01:44.000> wages

people's wages

people's wages the<00:01:45.200> other<00:01:45.439> is

the other is

the other is if<00:01:46.399> they<00:01:46.560> don't<00:01:46.720> spend<00:01:47.119> it<00:01:47.439> then<00:01:47.680> it<00:01:47.759> starts<00:01:48.000> to

if they don't spend it then it starts to

if they don't spend it then it starts to accumulate<00:01:48.479> in<00:01:48.560> their<00:01:48.640> bank<00:01:48.880> account<00:01:49.600> so<00:01:49.759> when

accumulate in their bank account so when

accumulate in their bank account so when the<00:01:50.000> government<00:01:50.399> came<00:01:50.720> in<00:01:51.360> and<00:01:51.759> basically

the government came in and basically

the government came in and basically supported<00:01:53.119> the<00:01:53.280> incomes<00:01:53.680> of<00:01:53.759> ordinary<00:01:54.240> people

supported the incomes of ordinary people

supported the incomes of ordinary people they<00:01:55.200> didn't<00:01:55.439> do<00:01:55.680> anything<00:01:56.159> about<00:01:56.399> the

they didn't do anything about the

they didn't do anything about the massive<00:01:56.880> amount<00:01:57.119> of<00:01:57.200> money<00:01:57.360> accumulating

massive amount of money accumulating

massive amount of money accumulating rich<00:01:58.000> people's<00:01:58.240> bank<00:01:58.479> accounts<00:01:59.119> so

rich people's bank accounts so

rich people's bank accounts so essentially<00:01:59.680> the<00:01:59.759> government<00:02:00.079> has<00:02:00.320> taken<00:02:00.640> the

essentially the government has taken the

essentially the government has taken the place<00:02:00.960> of<00:02:01.040> the<00:02:01.200> rich<00:02:01.600> and<00:02:01.759> money<00:02:02.000> which<00:02:02.159> used

place of the rich and money which used

place of the rich and money which used to<00:02:02.399> flow<00:02:02.560> around<00:02:02.799> in<00:02:02.960> a<00:02:03.040> circle<00:02:03.600> has<00:02:03.759> now

to flow around in a circle has now

to flow around in a circle has now flowed<00:02:04.240> in<00:02:04.320> a<00:02:04.399> line<00:02:04.719> from<00:02:04.880> the<00:02:05.040> government

flowed in a line from the government

flowed in a line from the government to<00:02:06.159> ordinary<00:02:06.560> people<00:02:06.799> and<00:02:06.960> ended<00:02:07.280> up

to ordinary people and ended up

to ordinary people and ended up accumulating<00:02:07.920> rich<00:02:08.080> people's<00:02:08.319> bank<00:02:08.560> account

accumulating rich people's bank account

accumulating rich people's bank account so<00:02:09.039> the<00:02:09.200> end<00:02:09.360> result<00:02:09.679> is<00:02:10.080> four<00:02:10.399> trillion

so the end result is four trillion

so the end result is four trillion dollars<00:02:11.360> accumulating<00:02:12.080> in<00:02:12.239> the<00:02:12.319> bank<00:02:12.560> outs<00:02:12.720> of

dollars accumulating in the bank outs of

dollars accumulating in the bank outs of the<00:02:12.879> rich<00:02:13.200> that's<00:02:13.440> fifteen<00:02:13.920> thousand<00:02:14.239> dollars

the rich that's fifteen thousand dollars

the rich that's fifteen thousand dollars for<00:02:15.040> every<00:02:15.360> american<00:02:15.760> adult<00:02:16.080> if<00:02:16.160> you<00:02:16.319> out

for every american adult if you out

for every american adult if you out there<00:02:16.720> do<00:02:16.879> not<00:02:16.959> have<00:02:17.120> fifteen<00:02:17.440> thousand

there do not have fifteen thousand

there do not have fifteen thousand dollars<00:02:18.000> more<00:02:18.239> than<00:02:18.400> you<00:02:18.480> had<00:02:18.640> before<00:02:18.959> covered

dollars more than you had before covered

dollars more than you had before covered some<00:02:19.760> rich<00:02:20.000> person<00:02:20.239> has<00:02:20.319> got<00:02:20.560> it

some rich person has got it

some rich person has got it now<00:02:21.520> some<00:02:21.680> of<00:02:21.840> those<00:02:22.000> rich<00:02:22.239> people<00:02:22.640> obviously

now some of those rich people obviously

now some of those rich people obviously are<00:02:23.599> getting<00:02:23.920> wealthier<00:02:24.560> not<00:02:24.800> because<00:02:25.120> of

are getting wealthier not because of

are getting wealthier not because of productivity<00:02:26.000> but<00:02:26.160> because<00:02:26.560> their<00:02:26.959> value<00:02:27.280> of

productivity but because their value of

productivity but because their value of their<00:02:27.680> papers<00:02:28.319> is<00:02:28.480> going<00:02:28.720> up<00:02:28.800> but<00:02:28.959> what<00:02:29.120> about

their papers is going up but what about

their papers is going up but what about the<00:02:29.520> argument<00:02:29.920> that<00:02:30.239> some

the argument that some

the argument that some very<00:02:31.280> wealthy<00:02:31.680> people<00:02:31.920> who<00:02:32.160> create<00:02:32.640> a<00:02:32.720> very

very wealthy people who create a very

very wealthy people who create a very good<00:02:33.280> product<00:02:33.760> or<00:02:34.080> who<00:02:34.560> are<00:02:34.800> very<00:02:35.040> productive

good product or who are very productive

good product or who are very productive with<00:02:35.760> their<00:02:36.080> industries<00:02:36.879> are<00:02:37.040> benefiting

with their industries are benefiting

with their industries are benefiting because<00:02:37.840> of<00:02:37.920> that<00:02:38.080> productivity<00:02:39.200> listen<00:02:39.680> i've

because of that productivity listen i've

because of that productivity listen i've got<00:02:40.000> nothing<00:02:40.239> against<00:02:40.480> rich<00:02:40.640> people<00:02:40.879> okay<00:02:41.120> i'm

got nothing against rich people okay i'm

got nothing against rich people okay i'm a<00:02:41.280> rich<00:02:41.519> person<00:02:41.760> myself<00:02:42.160> i've<00:02:42.319> made<00:02:42.560> a<00:02:42.640> lot<00:02:42.720> of

a rich person myself i've made a lot of

a rich person myself i've made a lot of money<00:02:43.120> by<00:02:43.280> betting<00:02:43.599> that<00:02:43.840> inequality<00:02:44.319> would

money by betting that inequality would

money by betting that inequality would destroy<00:02:45.120> your<00:02:45.280> country's<00:02:45.680> economy<00:02:46.560> so<00:02:46.720> listen

destroy your country's economy so listen

destroy your country's economy so listen i'm<00:02:47.280> the<00:02:47.440> best<00:02:47.599> person<00:02:47.840> to<00:02:48.000> ask<00:02:48.239> okay<00:02:48.560> i've<00:02:48.640> got

i'm the best person to ask okay i've got

i'm the best person to ask okay i've got nothing<00:02:49.120> against<00:02:49.360> rich<00:02:49.599> people<00:02:50.160> i've<00:02:50.319> got<00:02:50.400> a

nothing against rich people i've got a

nothing against rich people i've got a lot<00:02:50.560> of<00:02:50.640> money<00:02:50.879> and<00:02:50.959> i've<00:02:51.040> made<00:02:51.200> a<00:02:51.200> lot<00:02:51.360> of

lot of money and i've made a lot of

lot of money and i've made a lot of money<00:02:51.599> during<00:02:51.840> coving<00:02:52.560> but<00:02:52.720> the<00:02:52.879> problem<00:02:53.280> is

money during coving but the problem is

money during coving but the problem is if<00:02:54.160> you<00:02:54.319> give<00:02:54.480> the<00:02:54.640> rich<00:02:54.879> people<00:02:55.280> four

if you give the rich people four

if you give the rich people four trillion<00:02:56.000> dollars<00:02:56.400> and<00:02:56.640> you<00:02:56.720> know<00:02:57.120> i<00:02:57.280> really

trillion dollars and you know i really

trillion dollars and you know i really cannot<00:02:57.920> label<00:02:58.239> enough<00:02:58.560> how<00:02:58.720> much<00:02:58.959> money<00:02:59.200> four

cannot label enough how much money four

cannot label enough how much money four trillion<00:02:59.680> dollars<00:03:00.000> is<00:03:00.080> like<00:03:00.239> if<00:03:00.400> i<00:03:00.480> was<00:03:00.560> to

trillion dollars is like if i was to

trillion dollars is like if i was to come<00:03:00.879> to<00:03:00.959> you<00:03:01.040> three<00:03:01.200> years<00:03:01.440> ago<00:03:01.599> and<00:03:01.680> say

come to you three years ago and say

come to you three years ago and say imagine<00:03:02.560> the<00:03:02.640> government<00:03:02.879> that's<00:03:03.120> printed

imagine the government that's printed

imagine the government that's printed four<00:03:03.680> trillion<00:03:04.080> dollars<00:03:04.640> and<00:03:04.720> gave<00:03:04.959> it<00:03:05.120> to

four trillion dollars and gave it to

four trillion dollars and gave it to rich<00:03:05.440> people<00:03:06.080> what<00:03:06.239> would<00:03:06.400> you<00:03:06.480> say<00:03:06.720> would

rich people what would you say would

rich people what would you say would happen<00:03:07.440> well<00:03:07.599> if<00:03:07.760> you<00:03:07.840> just<00:03:07.920> said<00:03:08.080> that<00:03:08.239> to<00:03:08.400> me

happen well if you just said that to me

happen well if you just said that to me i<00:03:08.720> would<00:03:08.879> say<00:03:09.040> well<00:03:09.760> probably<00:03:10.480> it<00:03:10.560> will<00:03:10.720> push

i would say well probably it will push

i would say well probably it will push prices<00:03:11.440> up<00:03:11.920> and<00:03:12.080> it<00:03:12.159> will<00:03:12.239> cause<00:03:12.480> the<00:03:12.560> cost<00:03:12.720> of

prices up and it will cause the cost of

prices up and it will cause the cost of living<00:03:13.120> crisis<00:03:13.680> for<00:03:13.840> the<00:03:13.920> people<00:03:14.080> who<00:03:14.239> didn't

living crisis for the people who didn't

living crisis for the people who didn't get<00:03:14.560> the<00:03:14.640> four<00:03:14.800> trillion<00:03:15.120> dollars<00:03:15.840> and<00:03:16.000> you

get the four trillion dollars and you

get the four trillion dollars and you know<00:03:16.239> i'm<00:03:16.319> not<00:03:16.400> just<00:03:16.560> saying<00:03:16.800> that<00:03:16.959> now<00:03:17.599> people

know i'm not just saying that now people

know i'm not just saying that now people can<00:03:17.920> go<00:03:18.080> and<00:03:18.159> look<00:03:18.319> at<00:03:18.400> the<00:03:18.480> videos<00:03:18.720> i<00:03:18.800> put<00:03:18.959> out

can go and look at the videos i put out

can go and look at the videos i put out on<00:03:19.120> my<00:03:19.200> youtube<00:03:19.599> two<00:03:19.760> years<00:03:20.000> ago<00:03:20.640> saying<00:03:20.800> look

on my youtube two years ago saying look

on my youtube two years ago saying look the<00:03:21.120> government<00:03:21.519> is<00:03:21.599> printing<00:03:21.920> huge<00:03:22.159> amounts

the government is printing huge amounts

the government is printing huge amounts of<00:03:22.560> money<00:03:23.120> it's<00:03:23.360> going<00:03:23.599> to<00:03:23.680> rich<00:03:24.000> people<00:03:24.400> and

of money it's going to rich people and

of money it's going to rich people and it's<00:03:24.720> going<00:03:24.879> to<00:03:24.959> cause<00:03:25.599> inequality<00:03:26.239> to<00:03:26.400> rise

it's going to cause inequality to rise

it's going to cause inequality to rise house<00:03:27.200> prices<00:03:27.599> to<00:03:27.760> rise<00:03:28.239> stock<00:03:28.560> prices<00:03:28.879> to

house prices to rise stock prices to

house prices to rise stock prices to rise<00:03:29.519> and<00:03:29.599> the<00:03:29.760> cost<00:03:30.000> of<00:03:30.080> living<00:03:30.319> crisis<00:03:30.720> of

rise and the cost of living crisis of

rise and the cost of living crisis of inflation<00:03:31.200> for<00:03:31.280> ordinary<00:03:31.680> people<00:03:32.319> that<00:03:32.480> is

inflation for ordinary people that is

inflation for ordinary people that is what<00:03:32.799> happens<00:03:33.360> if<00:03:33.519> the<00:03:33.680> government<00:03:34.080> gives

what happens if the government gives

what happens if the government gives four<00:03:34.799> trillion<00:03:35.120> dollars<00:03:35.440> to<00:03:35.519> rich<00:03:35.760> people<00:03:36.000> so

four trillion dollars to rich people so

four trillion dollars to rich people so look<00:03:36.560> i've<00:03:36.799> got<00:03:36.959> nothing<00:03:37.200> against<00:03:37.440> rich

look i've got nothing against rich

look i've got nothing against rich people<00:03:38.000> i<00:03:38.080> don't<00:03:38.239> hate<00:03:38.480> them<00:03:38.720> you<00:03:38.799> know<00:03:38.879> what<00:03:38.959> i

people i don't hate them you know what i

people i don't hate them you know what i mean<00:03:39.280> i've<00:03:39.360> worked<00:03:39.599> with<00:03:39.760> a<00:03:39.760> lot<00:03:39.920> of<00:03:40.000> them<00:03:40.319> some

mean i've worked with a lot of them some

mean i've worked with a lot of them some of<00:03:40.640> them<00:03:40.720> are<00:03:40.799> even<00:03:41.040> quite<00:03:41.200> nice<00:03:41.440> if<00:03:41.519> you<00:03:41.680> get

of them are even quite nice if you get

of them are even quite nice if you get to<00:03:41.920> know<00:03:42.159> them<00:03:42.799> but<00:03:42.959> the<00:03:43.120> truth<00:03:43.440> is<00:03:43.760> this<00:03:44.080> is

to know them but the truth is this is

to know them but the truth is this is the<00:03:44.319> cause<00:03:44.640> of<00:03:44.720> the<00:03:44.799> cost<00:03:44.959> of<00:03:45.120> living<00:03:45.360> crisis

the cause of the cost of living crisis

the cause of the cost of living crisis and<00:03:46.000> it's<00:03:46.159> meaning<00:03:46.480> that<00:03:46.560> ordinary<00:03:47.040> americans

and it's meaning that ordinary americans

and it's meaning that ordinary americans can't<00:03:48.159> feed<00:03:48.319> their<00:03:48.480> kids<00:03:49.120> what<00:03:49.280> could<00:03:49.440> the

can't feed their kids what could the

can't feed their kids what could the government<00:03:50.000> have<00:03:50.080> done<00:03:50.319> differently<00:03:50.640> though

government have done differently though

government have done differently though during<00:03:51.040> the<00:03:51.120> pandemic<00:03:51.680> if<00:03:51.760> the<00:03:51.920> goal<00:03:52.159> was<00:03:52.560> okay

during the pandemic if the goal was okay

during the pandemic if the goal was okay let's<00:03:53.120> help<00:03:53.360> people<00:03:53.599> who<00:03:53.760> are<00:03:53.920> struggling

let's help people who are struggling

let's help people who are struggling have<00:03:54.480> lost<00:03:54.720> their<00:03:54.879> job<00:03:55.200> i<00:03:55.280> mean<00:03:55.680> i<00:03:55.840> suppose<00:03:56.319> it

have lost their job i mean i suppose it

have lost their job i mean i suppose it could<00:03:56.640> have<00:03:56.720> been<00:03:56.879> some<00:03:57.040> sort<00:03:57.280> of<00:03:57.439> means

could have been some sort of means

could have been some sort of means testing<00:03:58.480> in<00:03:58.640> a<00:03:58.720> way<00:03:59.040> but<00:03:59.200> there<00:03:59.439> was<00:03:59.760> some<00:04:00.080> sort

testing in a way but there was some sort

testing in a way but there was some sort of<00:04:00.400> means<00:04:00.720> testing<00:04:01.200> towards<00:04:01.840> focusing<00:04:02.319> this

of means testing towards focusing this

of means testing towards focusing this money<00:04:02.799> on<00:04:02.959> people<00:04:03.200> who<00:04:03.439> direly<00:04:03.920> needed<00:04:04.239> it

money on people who direly needed it

money on people who direly needed it listen<00:04:04.879> 100<00:04:05.519> give<00:04:05.760> the<00:04:05.840> money<00:04:06.159> yeah<00:04:06.400> you<00:04:06.480> have

listen 100 give the money yeah you have

listen 100 give the money yeah you have to<00:04:06.799> give<00:04:06.959> the<00:04:07.040> money<00:04:07.360> every<00:04:07.519> country<00:04:07.760> in<00:04:07.840> the

to give the money every country in the

to give the money every country in the world<00:04:08.080> did<00:04:08.239> that<00:04:08.400> because<00:04:08.640> you<00:04:08.799> have<00:04:08.959> to<00:04:09.120> do<00:04:09.280> it

world did that because you have to do it

world did that because you have to do it but<00:04:09.760> if<00:04:09.920> you<00:04:10.000> are<00:04:10.080> gonna<00:04:10.319> print<00:04:10.640> four<00:04:10.959> trillion

but if you are gonna print four trillion

but if you are gonna print four trillion dollars<00:04:11.920> and<00:04:12.080> give<00:04:12.319> it<00:04:12.400> out<00:04:12.959> you<00:04:13.200> need<00:04:13.360> to<00:04:13.519> do

dollars and give it out you need to do

dollars and give it out you need to do some<00:04:14.159> back<00:04:14.400> of<00:04:14.480> the<00:04:14.799> packet<00:04:15.120> calculations

some back of the packet calculations

some back of the packet calculations and<00:04:16.320> say<00:04:16.560> look<00:04:16.959> who<00:04:17.199> is<00:04:17.280> going<00:04:17.359> to<00:04:17.440> end<00:04:17.600> up<00:04:17.680> with

and say look who is going to end up with

and say look who is going to end up with this<00:04:18.000> money<00:04:18.560> where<00:04:18.799> is<00:04:18.880> this<00:04:19.040> 4<00:04:19.280> trillion<00:04:19.759> is

this money where is this 4 trillion is

this money where is this 4 trillion is going<00:04:19.919> to<00:04:20.000> go<00:04:20.479> you<00:04:20.720> can't<00:04:20.880> give<00:04:21.120> out<00:04:21.199> 4

going to go you can't give out 4

going to go you can't give out 4 trillion<00:04:22.240> without<00:04:22.560> doing<00:04:22.800> some<00:04:22.960> analysis<00:04:23.440> of

trillion without doing some analysis of

trillion without doing some analysis of where<00:04:23.759> the<00:04:23.840> money<00:04:24.080> is<00:04:24.160> ending<00:04:24.479> up<00:04:24.960> because<00:04:25.199> all

where the money is ending up because all

where the money is ending up because all the<00:04:25.520> statistics<00:04:26.080> now<00:04:26.400> show<00:04:26.800> that<00:04:26.960> that

the statistics now show that that

the statistics now show that that money's<00:04:27.520> ending<00:04:27.840> up<00:04:28.160> with<00:04:28.320> the<00:04:28.479> richest

money's ending up with the richest

money's ending up with the richest people<00:04:29.120> in<00:04:29.199> the<00:04:29.360> country

people in the country

people in the country so<00:04:30.960> the<00:04:31.120> problem<00:04:31.520> the<00:04:31.600> problem<00:04:31.840> was<00:04:32.000> not<00:04:32.240> look

so the problem the problem was not look

so the problem the problem was not look the<00:04:32.560> problem<00:04:32.800> wasn't<00:04:33.120> this<00:04:33.600> wasn't<00:04:33.919> helping

the problem wasn't this wasn't helping

the problem wasn't this wasn't helping people<00:04:34.400> with<00:04:34.560> the<00:04:34.639> money<00:04:34.880> it's<00:04:35.040> that<00:04:35.199> it

people with the money it's that it

people with the money it's that it wasn't<00:04:35.680> accompanied<00:04:36.400> by<00:04:37.040> not<00:04:37.280> only<00:04:37.440> analysis

wasn't accompanied by not only analysis

wasn't accompanied by not only analysis of<00:04:38.000> where<00:04:38.160> the<00:04:38.240> money<00:04:38.479> went<00:04:38.880> out<00:04:39.040> but<00:04:39.199> also

of where the money went out but also

of where the money went out but also then<00:04:39.680> some<00:04:40.000> means<00:04:40.400> of<00:04:40.560> getting<00:04:41.199> the<00:04:41.440> revenue

then some means of getting the revenue

then some means of getting the revenue back<00:04:42.240> from<00:04:42.400> the<00:04:42.479> wealthiest<00:04:43.040> people<00:04:43.360> who<00:04:43.520> were

back from the wealthiest people who were

back from the wealthiest people who were seeing<00:04:44.000> their<00:04:44.240> wealth<00:04:44.560> grow<00:04:44.800> even<00:04:45.040> more<00:04:45.680> yeah

seeing their wealth grow even more yeah

seeing their wealth grow even more yeah i<00:04:45.919> think<00:04:46.080> there<00:04:46.240> just<00:04:46.400> has<00:04:46.560> to<00:04:46.639> be<00:04:46.800> a<00:04:46.800> little

i think there just has to be a little

i think there just has to be a little bit<00:04:47.040> of<00:04:47.120> understanding<00:04:47.680> which<00:04:47.919> is<00:04:48.000> look<00:04:48.320> this

bit of understanding which is look this

bit of understanding which is look this is<00:04:48.560> an<00:04:48.639> emergency<00:04:49.120> situation<00:04:49.759> we<00:04:49.919> need<00:04:50.080> to

is an emergency situation we need to

is an emergency situation we need to give<00:04:50.320> money<00:04:50.639> out<00:04:50.960> but<00:04:51.199> it<00:04:51.360> is<00:04:51.440> going<00:04:51.600> to<00:04:51.680> cause

give money out but it is going to cause

give money out but it is going to cause a<00:04:52.479> transfer<00:04:53.040> of<00:04:53.199> 4<00:04:53.520> trillion<00:04:54.160> of<00:04:54.320> wealth<00:04:54.800> from

a transfer of 4 trillion of wealth from

a transfer of 4 trillion of wealth from the<00:04:55.120> government<00:04:55.680> to<00:04:55.840> the<00:04:56.000> richest<00:04:56.560> and<00:04:56.639> that

the government to the richest and that

the government to the richest and that is<00:04:56.880> going<00:04:57.040> to<00:04:57.120> cause<00:04:57.280> an<00:04:57.440> economic<00:04:57.840> crisis<00:04:58.240> you

is going to cause an economic crisis you

is going to cause an economic crisis you know

know

know you<00:04:59.360> know<00:04:59.440> this<00:04:59.680> analysis<00:05:00.080> should<00:05:00.240> have<00:05:00.320> been

you know this analysis should have been

you know this analysis should have been done<00:05:00.560> at<00:05:00.639> the<00:05:00.720> beginning<00:05:00.960> and<00:05:01.039> then<00:05:01.199> we<00:05:01.280> should

done at the beginning and then we should

done at the beginning and then we should say<00:05:01.600> okay

say okay

say okay well<00:05:02.560> the<00:05:02.639> rich<00:05:02.800> are<00:05:02.880> going<00:05:02.960> to<00:05:03.039> get<00:05:03.120> four

well the rich are going to get four

well the rich are going to get four trillion<00:05:03.680> dollars<00:05:04.160> we<00:05:04.320> will<00:05:04.479> need<00:05:04.639> to<00:05:04.800> get

trillion dollars we will need to get

trillion dollars we will need to get some<00:05:05.120> of<00:05:05.199> that<00:05:05.360> back<00:05:05.680> otherwise<00:05:06.080> we<00:05:06.160> will

some of that back otherwise we will

some of that back otherwise we will cause<00:05:06.560> this<00:05:06.720> sort<00:05:06.960> of<00:05:07.039> crisis<00:05:07.440> you<00:05:07.520> know<00:05:07.919> the

cause this sort of crisis you know the

cause this sort of crisis you know the set<00:05:08.240> and<00:05:08.400> i<00:05:08.479> know<00:05:08.639> it<00:05:08.720> was<00:05:08.800> an<00:05:08.960> emergency

set and i know it was an emergency

set and i know it was an emergency situation<00:05:10.240> but<00:05:10.400> the<00:05:10.560> analysis<00:05:11.120> was<00:05:11.360> missing

situation but the analysis was missing

situation but the analysis was missing four<00:05:12.320> trillion<00:05:12.720> dollars<00:05:13.280> has<00:05:13.520> transferred

four trillion dollars has transferred

four trillion dollars has transferred from<00:05:14.400> the<00:05:14.479> us<00:05:14.720> government<00:05:15.280> to<00:05:15.440> the<00:05:15.520> wealthiest

from the us government to the wealthiest

from the us government to the wealthiest people<00:05:16.080> in<00:05:16.160> the<00:05:16.240> country<00:05:16.639> it<00:05:16.800> is<00:05:16.880> the<00:05:16.960> largest

people in the country it is the largest

people in the country it is the largest and<00:05:17.680> quickest<00:05:18.160> ever<00:05:18.479> increase<00:05:18.720> in<00:05:18.800> wealth

and quickest ever increase in wealth

and quickest ever increase in wealth inequality<00:05:19.360> in<00:05:19.440> the<00:05:19.520> united<00:05:19.759> states<00:05:20.320> you<00:05:20.400> know

inequality in the united states you know

inequality in the united states you know if<00:05:20.639> you<00:05:20.800> are<00:05:20.880> going<00:05:20.960> to<00:05:21.039> have<00:05:21.520> the<00:05:21.680> largest<00:05:22.080> and

if you are going to have the largest and

if you are going to have the largest and quickest<00:05:22.639> ever<00:05:22.800> increase<00:05:23.120> in<00:05:23.199> wealth

quickest ever increase in wealth

quickest ever increase in wealth inequality<00:05:24.160> then<00:05:24.320> that<00:05:24.479> will<00:05:24.880> be<00:05:25.120> associated

inequality then that will be associated

inequality then that will be associated with<00:05:25.759> the<00:05:25.840> largest<00:05:26.240> and<00:05:26.400> quickest<00:05:26.800> ever

with the largest and quickest ever

with the largest and quickest ever decrease<00:05:27.520> in<00:05:27.600> living<00:05:27.919> standards<00:05:28.240> for

decrease in living standards for

decrease in living standards for ordinary<00:05:28.800> people<00:05:29.280> and<00:05:29.440> increasing<00:05:29.840> living

ordinary people and increasing living

ordinary people and increasing living standards<00:05:30.320> for<00:05:30.479> the<00:05:30.560> rich<00:05:31.039> this<00:05:31.280> is<00:05:31.360> not

standards for the rich this is not

standards for the rich this is not rocket<00:05:31.840> science<00:05:32.479> and<00:05:32.720> my<00:05:32.960> biggest<00:05:33.199> concern<00:05:33.600> my

rocket science and my biggest concern my

rocket science and my biggest concern my biggest<00:05:34.240> concern<00:05:35.039> is<00:05:35.120> that<00:05:35.280> right<00:05:35.520> now<00:05:35.680> this

biggest concern is that right now this

biggest concern is that right now this cost<00:05:36.080> of<00:05:36.160> living<00:05:36.400> crisis<00:05:36.960> gets<00:05:37.199> blamed<00:05:37.520> 100<00:05:38.240> on

cost of living crisis gets blamed 100 on

cost of living crisis gets blamed 100 on vladimir<00:05:38.800> putin<00:05:39.120> and<00:05:39.280> russia<00:05:39.520> because<00:05:39.680> i<00:05:39.759> can

vladimir putin and russia because i can

vladimir putin and russia because i can you<00:05:40.000> can<00:05:40.080> see<00:05:40.240> happening<00:05:40.560> in<00:05:40.639> the<00:05:40.720> media<00:05:41.039> now

you can see happening in the media now

you can see happening in the media now and<00:05:41.520> if<00:05:41.680> that<00:05:41.840> happens<00:05:42.400> then<00:05:42.639> it<00:05:42.720> means<00:05:42.880> that

and if that happens then it means that

and if that happens then it means that this<00:05:43.199> four<00:05:43.440> trillion<00:05:43.759> dollars<00:05:44.240> which<00:05:44.560> is

this four trillion dollars which is

this four trillion dollars which is still<00:05:44.960> sitting<00:05:45.360> in<00:05:45.440> the<00:05:45.520> bank<00:05:45.759> accounts<00:05:46.080> of

still sitting in the bank accounts of

still sitting in the bank accounts of the<00:05:46.240> richest<00:05:46.639> americans<00:05:47.120> by<00:05:47.280> the<00:05:47.360> way<00:05:47.759> will<00:05:47.919> be

the richest americans by the way will be

the richest americans by the way will be left<00:05:48.320> there<00:05:48.720> and<00:05:48.800> they<00:05:48.960> will<00:05:49.039> use<00:05:49.199> that<00:05:49.360> to<00:05:49.440> buy

left there and they will use that to buy

left there and they will use that to buy houses<00:05:50.000> that<00:05:50.160> your<00:05:50.320> kids<00:05:50.560> need<00:05:50.960> to<00:05:51.120> buy<00:05:51.280> stocks

houses that your kids need to buy stocks

houses that your kids need to buy stocks and<00:05:51.680> shares<00:05:51.919> that<00:05:52.000> you<00:05:52.160> need<00:05:52.320> for<00:05:52.400> your

and shares that you need for your

and shares that you need for your pension<00:05:53.120> to<00:05:53.280> drive<00:05:53.520> up<00:05:53.600> wealth<00:05:53.759> inequality<00:05:54.240> to

pension to drive up wealth inequality to

pension to drive up wealth inequality to even<00:05:54.560> higher<00:05:54.800> levels

even higher levels

even higher levels we<00:05:55.919> will<00:05:56.000> see<00:05:56.240> an<00:05:56.319> economic<00:05:56.720> disaster<00:05:57.280> and<00:05:57.360> we

we will see an economic disaster and we

we will see an economic disaster and we are<00:05:57.600> seeing<00:05:57.919> it<00:05:58.479> one<00:05:58.720> of<00:05:58.800> the<00:05:58.960> efforts<00:05:59.360> to<00:05:59.440> try

are seeing it one of the efforts to try

are seeing it one of the efforts to try to<00:05:59.759> rectify<00:06:00.400> part<00:06:00.560> of<00:06:00.639> the<00:06:00.720> solution<00:06:01.199> has<00:06:01.280> been

to rectify part of the solution has been

to rectify part of the solution has been in<00:06:01.759> the<00:06:01.840> united<00:06:02.240> states<00:06:02.479> that<00:06:02.560> senator

in the united states that senator

in the united states that senator elizabeth<00:06:03.199> warren<00:06:03.520> has<00:06:03.600> proposed<00:06:04.000> a<00:06:04.240> wealth

elizabeth warren has proposed a wealth

elizabeth warren has proposed a wealth tax<00:06:05.280> uh<00:06:05.680> the<00:06:06.080> the<00:06:06.319> rap<00:06:06.720> against<00:06:07.120> that<00:06:07.520> is<00:06:07.600> that

tax uh the the rap against that is that

tax uh the the rap against that is that it<00:06:07.840> would<00:06:08.080> not<00:06:08.319> only<00:06:08.800> tax<00:06:09.280> you<00:06:09.360> know<00:06:09.520> the

it would not only tax you know the

it would not only tax you know the wealthiest<00:06:10.160> one<00:06:10.319> percent<00:06:10.639> but<00:06:10.800> you<00:06:10.960> would

wealthiest one percent but you would

wealthiest one percent but you would have<00:06:11.199> some<00:06:11.360> very<00:06:11.600> wealthy<00:06:12.400> doctors<00:06:13.120> and

have some very wealthy doctors and

have some very wealthy doctors and businessmen<00:06:14.080> and<00:06:14.240> people<00:06:14.639> who<00:06:14.960> aren't<00:06:15.360> so

businessmen and people who aren't so

businessmen and people who aren't so wealthy<00:06:16.080> would<00:06:16.319> also<00:06:17.120> be<00:06:17.360> pinched<00:06:17.919> and<00:06:18.160> have

wealthy would also be pinched and have

wealthy would also be pinched and have less<00:06:18.800> money<00:06:19.199> that<00:06:19.360> they<00:06:19.600> would<00:06:19.840> spend<00:06:20.160> and

less money that they would spend and

less money that they would spend and circulate<00:06:20.880> in<00:06:21.039> the<00:06:21.120> economy<00:06:21.680> thoughts

circulate in the economy thoughts

circulate in the economy thoughts yeah<00:06:22.880> look<00:06:23.280> i'm<00:06:23.440> a<00:06:23.520> strong<00:06:23.759> campaigner<00:06:24.160> for

yeah look i'm a strong campaigner for

yeah look i'm a strong campaigner for world<00:06:24.400> tax<00:06:24.720> i've<00:06:24.800> been<00:06:24.880> supporting<00:06:25.280> it<00:06:25.360> for<00:06:25.440> a

world tax i've been supporting it for a

world tax i've been supporting it for a long<00:06:25.680> time<00:06:26.160> and<00:06:26.800> what<00:06:26.960> i<00:06:27.039> always<00:06:27.280> say<00:06:27.440> when

long time and what i always say when

long time and what i always say when people<00:06:27.759> say<00:06:27.919> this<00:06:28.080> is<00:06:28.240> look<00:06:28.639> i'm<00:06:28.800> not<00:06:28.960> about

people say this is look i'm not about

people say this is look i'm not about taxing<00:06:29.520> people<00:06:29.759> with<00:06:29.840> one<00:06:30.000> million<00:06:30.240> dollars

taxing people with one million dollars

taxing people with one million dollars okay<00:06:30.800> i'm<00:06:30.960> about<00:06:31.199> taxing<00:06:31.520> people<00:06:31.759> with<00:06:31.919> 100

okay i'm about taxing people with 100

okay i'm about taxing people with 100 million<00:06:32.800> dollars<00:06:33.199> okay<00:06:33.360> the<00:06:33.520> average

million dollars okay the average

million dollars okay the average billionaire<00:06:34.560> in<00:06:34.639> the<00:06:34.800> us<00:06:35.280> has<00:06:35.440> seen<00:06:35.600> their

billionaire in the us has seen their

billionaire in the us has seen their wealth<00:06:36.319> double<00:06:37.039> in<00:06:37.199> the<00:06:37.280> last<00:06:37.600> two<00:06:37.759> years

wealth double in the last two years

wealth double in the last two years during<00:06:38.720> a<00:06:38.800> crisis<00:06:39.199> in<00:06:39.280> which<00:06:39.520> increasingly

during a crisis in which increasingly

during a crisis in which increasingly ordinary<00:06:40.560> people<00:06:40.800> can't<00:06:40.960> afford<00:06:41.199> to<00:06:41.280> heat

ordinary people can't afford to heat

ordinary people can't afford to heat their<00:06:41.680> homes<00:06:42.400> okay

their homes okay

their homes okay these<00:06:43.440> guys<00:06:43.759> if<00:06:43.840> you<00:06:44.000> allow<00:06:44.319> these<00:06:44.479> guys<00:06:44.639> to

these guys if you allow these guys to

these guys if you allow these guys to take<00:06:44.880> more<00:06:45.120> and<00:06:45.199> more<00:06:45.360> wealth<00:06:45.840> they<00:06:46.000> will<00:06:46.160> use

take more and more wealth they will use

take more and more wealth they will use that<00:06:46.479> to<00:06:46.560> buy<00:06:46.800> the<00:06:46.880> rest<00:06:47.120> of<00:06:47.199> the<00:06:47.360> homes<00:06:47.680> you

that to buy the rest of the homes you

that to buy the rest of the homes you know<00:06:47.919> i'm<00:06:48.000> not<00:06:48.160> just<00:06:48.319> saying<00:06:48.560> this<00:06:48.960> i've<00:06:49.120> been

know i'm not just saying this i've been

know i'm not just saying this i've been betting<00:06:49.520> on<00:06:49.599> this<00:06:49.680> for<00:06:49.840> 15<00:06:50.080> years<00:06:50.240> and<00:06:50.319> i've

betting on this for 15 years and i've

betting on this for 15 years and i've made<00:06:50.560> millions<00:06:50.880> of<00:06:50.960> pounds<00:06:51.280> doing<00:06:51.520> it<00:06:51.680> okay<00:06:52.319> if

made millions of pounds doing it okay if

made millions of pounds doing it okay if you<00:06:52.560> allow<00:06:52.800> these<00:06:52.960> guys<00:06:53.120> to<00:06:53.280> accumulate<00:06:53.680> more

you allow these guys to accumulate more

you allow these guys to accumulate more and<00:06:53.919> more<00:06:54.080> wealth<00:06:54.400> they<00:06:54.560> will<00:06:54.720> eventually

and more wealth they will eventually

and more wealth they will eventually take<00:06:55.520> everything<00:06:56.000> and<00:06:56.080> you<00:06:56.240> will<00:06:56.319> see<00:06:56.479> an

take everything and you will see an

take everything and you will see an economic<00:06:56.960> disaster<00:06:57.680> and<00:06:57.759> we<00:06:57.919> are<00:06:58.160> seeing<00:06:58.479> it

economic disaster and we are seeing it

economic disaster and we are seeing it so<00:06:59.280> um

so um

so um look<00:07:00.720> if<00:07:00.800> you're<00:07:01.039> out<00:07:01.120> there<00:07:01.280> and<00:07:01.440> you're<00:07:01.520> a

look if you're out there and you're a

look if you're out there and you're a doctor<00:07:01.919> or<00:07:02.000> a<00:07:02.080> lawyer<00:07:02.560> you<00:07:02.800> are<00:07:02.880> not<00:07:03.039> my<00:07:03.199> enemy

doctor or a lawyer you are not my enemy

doctor or a lawyer you are not my enemy you<00:07:03.680> know<00:07:03.840> what<00:07:03.840> i<00:07:03.919> mean<00:07:04.080> i<00:07:04.160> was<00:07:04.319> a<00:07:04.400> banker

you know what i mean i was a banker

you know what i mean i was a banker myself<00:07:05.280> you<00:07:05.360> know<00:07:05.520> i've<00:07:05.599> got<00:07:05.759> money<00:07:06.319> you<00:07:06.400> know

myself you know i've got money you know

myself you know i've got money you know and<00:07:07.039> i'm<00:07:07.120> willing<00:07:07.360> to<00:07:07.440> pay<00:07:07.599> a<00:07:07.680> bit<00:07:07.840> more<00:07:08.080> but

and i'm willing to pay a bit more but

and i'm willing to pay a bit more but the<00:07:08.400> problem<00:07:08.720> here<00:07:08.960> is<00:07:09.120> the<00:07:09.199> super<00:07:09.520> super

the problem here is the super super

the problem here is the super super what<00:07:10.800> about<00:07:11.039> the<00:07:11.199> problem<00:07:11.520> that<00:07:11.599> some<00:07:11.759> people

what about the problem that some people

what about the problem that some people have<00:07:12.160> identified<00:07:12.560> like<00:07:12.720> bernie<00:07:13.039> sanders<00:07:13.599> has

have identified like bernie sanders has

have identified like bernie sanders has identified<00:07:14.400> people<00:07:14.720> essentially<00:07:15.199> trading

identified people essentially trading

identified people essentially trading pieces<00:07:15.919> of<00:07:16.080> paper<00:07:16.400> so<00:07:16.560> he<00:07:16.720> wants<00:07:16.960> to<00:07:17.120> put<00:07:17.360> a

pieces of paper so he wants to put a

pieces of paper so he wants to put a a<00:07:18.479> a<00:07:19.039> transaction<00:07:19.840> tax<00:07:20.160> or<00:07:20.319> a<00:07:20.400> penny<00:07:20.800> per<00:07:21.039> trade

a a transaction tax or a penny per trade

a a transaction tax or a penny per trade on<00:07:21.759> wall<00:07:21.919> street<00:07:22.240> with<00:07:22.319> the<00:07:22.400> idea<00:07:22.720> being<00:07:22.880> that

on wall street with the idea being that

on wall street with the idea being that okay<00:07:23.599> the<00:07:23.759> financial<00:07:24.240> sector<00:07:24.560> in<00:07:24.639> the<00:07:24.720> united

okay the financial sector in the united

okay the financial sector in the united states<00:07:25.280> you<00:07:25.360> shouldn't<00:07:25.599> be<00:07:25.759> able<00:07:25.919> to<00:07:26.080> make<00:07:26.400> so

states you shouldn't be able to make so

states you shouldn't be able to make so much<00:07:26.800> money<00:07:27.039> by<00:07:27.280> trading<00:07:27.680> so<00:07:27.919> quickly<00:07:28.639> with

much money by trading so quickly with

much money by trading so quickly with speculation<00:07:29.520> and<00:07:29.599> making<00:07:29.919> bats<00:07:30.160> that<00:07:30.319> there

speculation and making bats that there

speculation and making bats that there should<00:07:30.639> be<00:07:30.720> some<00:07:30.880> sort<00:07:31.039> of<00:07:31.199> tax<00:07:31.520> on<00:07:31.680> that<00:07:32.160> does

should be some sort of tax on that does

should be some sort of tax on that does that<00:07:32.639> make<00:07:32.880> sense<00:07:33.199> in<00:07:33.280> your<00:07:33.440> estimation<00:07:34.400> well

that make sense in your estimation well

that make sense in your estimation well listen<00:07:34.960> i've<00:07:35.039> traded<00:07:35.360> a<00:07:35.440> few<00:07:35.599> pieces<00:07:35.840> of<00:07:35.919> paper

listen i've traded a few pieces of paper

listen i've traded a few pieces of paper in<00:07:36.319> my<00:07:36.479> time<00:07:36.720> so<00:07:36.960> i<00:07:37.039> guess<00:07:37.120> some<00:07:37.280> people<00:07:37.520> be

in my time so i guess some people be

in my time so i guess some people be putting<00:07:37.919> some<00:07:38.080> fingers<00:07:38.400> at<00:07:38.479> me<00:07:38.639> here<00:07:38.960> look

putting some fingers at me here look

putting some fingers at me here look the<00:07:39.840> most<00:07:40.160> important<00:07:40.560> thing<00:07:41.120> with<00:07:41.440> any<00:07:41.680> tax<00:07:42.000> is

the most important thing with any tax is

the most important thing with any tax is that<00:07:42.240> it<00:07:42.319> hits<00:07:42.560> the<00:07:42.639> riches<00:07:43.280> it<00:07:43.520> has<00:07:43.759> to<00:07:43.919> hit

that it hits the riches it has to hit

that it hits the riches it has to hit the<00:07:44.240> richest<00:07:44.720> okay<00:07:45.120> look<00:07:45.280> if<00:07:45.440> you<00:07:45.520> if<00:07:45.680> you're

the richest okay look if you if you're

the richest okay look if you if you're not<00:07:46.000> going<00:07:46.240> out<00:07:46.319> there<00:07:46.479> and<00:07:46.560> you're<00:07:46.720> getting

not going out there and you're getting

not going out there and you're getting if<00:07:47.120> you're<00:07:47.199> not<00:07:47.360> getting<00:07:47.520> jeff<00:07:47.759> bezos<00:07:48.160> and

if you're not getting jeff bezos and

if you're not getting jeff bezos and elon<00:07:48.560> musk<00:07:48.879> then<00:07:48.960> you<00:07:49.120> are<00:07:49.199> failing<00:07:49.599> in<00:07:49.680> your

elon musk then you are failing in your

elon musk then you are failing in your tap<00:07:50.479> so<00:07:50.639> look<00:07:51.120> i<00:07:51.280> would<00:07:51.440> be<00:07:51.520> willing<00:07:51.759> to

tap so look i would be willing to

tap so look i would be willing to anticipate<00:07:52.800> to<00:07:52.960> talk<00:07:53.120> about<00:07:53.360> lots<00:07:53.599> of

anticipate to talk about lots of

anticipate to talk about lots of potential<00:07:54.319> taxes<00:07:54.800> that<00:07:54.879> we<00:07:55.039> could<00:07:55.199> do<00:07:55.759> the

potential taxes that we could do the

potential taxes that we could do the most<00:07:56.160> important<00:07:56.479> thing<00:07:56.639> is<00:07:56.720> that<00:07:56.879> you<00:07:56.960> catch

most important thing is that you catch

most important thing is that you catch the<00:07:57.280> richest<00:07:58.080> you<00:07:58.240> have<00:07:58.479> the<00:07:58.560> cat<00:07:58.800> because<00:07:58.960> i

the richest you have the cat because i

the richest you have the cat because i know<00:07:59.199> people<00:07:59.440> out<00:07:59.520> there<00:07:59.680> will<00:07:59.759> be<00:07:59.919> looking

know people out there will be looking

know people out there will be looking we'll<00:08:00.319> be<00:08:00.400> looking<00:08:00.639> at<00:08:00.720> me<00:08:00.879> and<00:08:00.960> saying<00:08:01.360> you're

we'll be looking at me and saying you're

we'll be looking at me and saying you're going<00:08:01.599> to<00:08:01.680> bring<00:08:01.840> a<00:08:01.919> taxi<00:08:02.240> and<00:08:02.319> the<00:08:02.400> richest

going to bring a taxi and the richest

going to bring a taxi and the richest will<00:08:02.800> avoid<00:08:03.039> it<00:08:03.120> and<00:08:03.199> you're<00:08:03.280> going<00:08:03.440> to<00:08:03.520> hit<00:08:03.680> me

will avoid it and you're going to hit me

will avoid it and you're going to hit me that's<00:08:04.479> not<00:08:04.639> what<00:08:04.720> i<00:08:04.800> want<00:08:04.960> to<00:08:05.039> do<00:08:05.280> i<00:08:05.440> want<00:08:05.520> to

that's not what i want to do i want to

that's not what i want to do i want to bring<00:08:05.840> a<00:08:05.919> tax<00:08:06.160> that<00:08:06.319> is<00:08:06.560> well<00:08:06.800> designed<00:08:07.440> well

bring a tax that is well designed well

bring a tax that is well designed well planned<00:08:08.000> and<00:08:08.240> hit<00:08:08.639> the<00:08:08.800> richest<00:08:09.280> people<00:08:09.520> in

planned and hit the richest people in

planned and hit the richest people in the<00:08:09.680> country

the country

the country you<00:08:11.120> mentioned<00:08:11.680> and<00:08:11.840> you've<00:08:12.000> been<00:08:12.160> correct<00:08:12.639> on

you mentioned and you've been correct on

you mentioned and you've been correct on a<00:08:12.800> lot<00:08:12.960> of<00:08:13.039> things<00:08:13.360> like<00:08:13.759> inflation<00:08:14.479> on<00:08:14.639> the

a lot of things like inflation on the

a lot of things like inflation on the wealth<00:08:15.280> transfer<00:08:16.400> on<00:08:16.560> all<00:08:16.720> the<00:08:16.800> sort<00:08:16.960> of<00:08:17.120> side

wealth transfer on all the sort of side

wealth transfer on all the sort of side effects<00:08:17.919> housing<00:08:18.240> prices<00:08:18.639> going<00:08:18.879> up<00:08:19.280> uh<00:08:19.520> given

effects housing prices going up uh given

effects housing prices going up uh given your<00:08:20.160> track<00:08:20.479> record<00:08:20.960> let's<00:08:21.360> ask<00:08:21.599> you<00:08:21.759> a<00:08:21.840> little

your track record let's ask you a little

your track record let's ask you a little bit<00:08:22.160> about<00:08:22.319> the<00:08:22.479> future<00:08:22.800> what<00:08:22.960> do<00:08:23.039> you<00:08:23.280> see<00:08:23.680> if

bit about the future what do you see if

bit about the future what do you see if nothing<00:08:24.319> changes<00:08:25.039> what<00:08:25.199> do<00:08:25.280> you<00:08:25.360> see

nothing changes what do you see

nothing changes what do you see happening<00:08:25.919> over<00:08:26.080> the<00:08:26.160> next<00:08:26.400> year<00:08:26.560> or<00:08:26.639> two<00:08:26.800> in

happening over the next year or two in

happening over the next year or two in the<00:08:26.960> united<00:08:27.280> states<00:08:27.599> with<00:08:27.759> the<00:08:27.840> economy

the united states with the economy

the united states with the economy david<00:08:29.919> i'm<00:08:30.000> not<00:08:30.080> going<00:08:30.160> to<00:08:30.240> sugarcoat<00:08:30.720> this

david i'm not going to sugarcoat this

david i'm not going to sugarcoat this for<00:08:30.960> you<00:08:31.520> this<00:08:31.759> is<00:08:31.840> going<00:08:31.919> to<00:08:32.000> be<00:08:32.080> a<00:08:32.159> disaster

for you this is going to be a disaster

for you this is going to be a disaster this<00:08:34.080> is<00:08:34.320> genuinely<00:08:34.800> going<00:08:34.880> to<00:08:34.959> be<00:08:35.039> a<00:08:35.120> disaster

this is genuinely going to be a disaster

this is genuinely going to be a disaster i'm<00:08:35.839> sorry<00:08:36.479> but<00:08:36.640> look<00:08:36.959> look<00:08:37.200> what's<00:08:37.360> happening

i'm sorry but look look what's happening

i'm sorry but look look what's happening already<00:08:38.080> now<00:08:38.240> okay<00:08:38.880> they're<00:08:39.279> increasingly

already now okay they're increasingly

already now okay they're increasingly people<00:08:40.719> can't<00:08:40.959> afford<00:08:41.279> to<00:08:41.440> defeat<00:08:41.839> their

people can't afford to defeat their

people can't afford to defeat their families<00:08:42.399> all<00:08:42.479> right<00:08:42.719> winter's<00:08:43.120> going<00:08:43.200> to

families all right winter's going to

families all right winter's going to come<00:08:43.839> and<00:08:44.000> half<00:08:44.240> the<00:08:44.320> country<00:08:44.640> is<00:08:44.720> going<00:08:44.800> to<00:08:44.880> be

come and half the country is going to be

come and half the country is going to be struggling<00:08:45.279> to<00:08:45.440> heat<00:08:45.600> their<00:08:45.760> homes<00:08:46.399> that's

struggling to heat their homes that's

struggling to heat their homes that's what's<00:08:46.880> going<00:08:46.959> to<00:08:47.040> happen<00:08:47.519> and<00:08:47.680> then<00:08:47.760> you've

what's going to happen and then you've

what's going to happen and then you've got<00:08:48.000> another<00:08:48.320> 23<00:08:49.040> above<00:08:49.360> that<00:08:49.760> that<00:08:49.920> have<00:08:50.080> an

got another 23 above that that have an

got another 23 above that that have an extra<00:08:50.399> 2<00:08:50.640> 3<00:08:50.959> 000<00:08:51.519> extra<00:08:52.160> cost<00:08:52.480> of<00:08:52.560> living

extra 2 3 000 extra cost of living

extra 2 3 000 extra cost of living well<00:08:53.920> that's<00:08:54.160> the<00:08:54.240> money<00:08:54.480> they<00:08:54.640> needed<00:08:54.880> to<00:08:55.120> go

well that's the money they needed to go

well that's the money they needed to go to<00:08:55.440> the<00:08:55.519> shops<00:08:56.000> to<00:08:56.080> go<00:08:56.240> on<00:08:56.320> holiday<00:08:57.040> to<00:08:57.200> go<00:08:57.600> to

to the shops to go on holiday to go to

to the shops to go on holiday to go to bars<00:08:58.160> to<00:08:58.240> go<00:08:58.399> to<00:08:58.560> the<00:08:58.640> cinema<00:08:59.120> to<00:08:59.279> go<00:08:59.440> to<00:08:59.519> the

bars to go to the cinema to go to the

bars to go to the cinema to go to the theater<00:08:59.920> right<00:09:00.160> these<00:09:00.320> guys<00:09:00.560> can't<00:09:00.720> go<00:09:00.880> out

theater right these guys can't go out

theater right these guys can't go out anymore<00:09:01.680> you<00:09:01.839> know<00:09:02.000> this<00:09:02.320> money<00:09:02.640> that<00:09:02.800> is

anymore you know this money that is

anymore you know this money that is being<00:09:03.200> sucked<00:09:03.519> out<00:09:03.600> of<00:09:03.760> ordinary<00:09:04.240> people's

being sucked out of ordinary people's

being sucked out of ordinary people's purchasing<00:09:04.959> power<00:09:05.600> that<00:09:05.839> is<00:09:05.920> the<00:09:06.080> money<00:09:06.320> that

purchasing power that is the money that

purchasing power that is the money that drives<00:09:06.800> the<00:09:06.959> economy

drives the economy

drives the economy and<00:09:08.720> you<00:09:08.800> see

and you see

and you see and<00:09:10.320> you<00:09:10.480> see<00:09:10.720> inflation<00:09:11.360> continuing<00:09:12.240> at<00:09:12.320> the

and you see inflation continuing at the

and you see inflation continuing at the current<00:09:12.720> pace<00:09:12.959> i<00:09:13.040> mean<00:09:13.200> a<00:09:13.200> lot<00:09:13.360> of<00:09:13.440> economists

current pace i mean a lot of economists

current pace i mean a lot of economists think<00:09:14.080> well<00:09:14.240> inflation<00:09:14.720> will<00:09:14.880> probably<00:09:15.200> taper

think well inflation will probably taper

think well inflation will probably taper down<00:09:15.760> by<00:09:15.920> the<00:09:16.080> end<00:09:16.240> of<00:09:16.320> the<00:09:16.399> year<00:09:16.560> how<00:09:16.720> do<00:09:16.800> you

down by the end of the year how do you

down by the end of the year how do you see<00:09:17.040> it

see it

see it inflation<00:09:18.240> will<00:09:18.399> eventually<00:09:18.800> normalize<00:09:19.519> but

inflation will eventually normalize but

inflation will eventually normalize but the<00:09:19.839> point<00:09:20.080> i<00:09:20.160> want<00:09:20.320> to<00:09:20.399> make<00:09:20.640> is<00:09:20.800> even<00:09:21.120> if

the point i want to make is even if

the point i want to make is even if inflation<00:09:21.839> normalizes<00:09:22.480> that<00:09:22.640> doesn't<00:09:22.880> mean

inflation normalizes that doesn't mean

inflation normalizes that doesn't mean prices<00:09:23.600> go<00:09:23.760> back<00:09:23.920> to<00:09:24.000> where<00:09:24.160> they<00:09:24.320> were<00:09:24.880> so<00:09:25.040> we

prices go back to where they were so we

prices go back to where they were so we will<00:09:25.279> move<00:09:25.519> to<00:09:25.680> a<00:09:25.839> new<00:09:26.080> normal<00:09:26.720> where<00:09:26.959> the

will move to a new normal where the

will move to a new normal where the normal<00:09:27.440> cost<00:09:27.680> of<00:09:27.760> living<00:09:28.080> is<00:09:28.320> permanently

normal cost of living is permanently

normal cost of living is permanently higher<00:09:29.600> relative<00:09:30.240> to<00:09:30.399> an<00:09:30.560> ordinary<00:09:30.800> person's

higher relative to an ordinary person's

higher relative to an ordinary person's wages<00:09:31.760> and<00:09:31.839> that<00:09:32.000> means<00:09:32.240> the<00:09:32.399> standard<00:09:32.800> of

wages and that means the standard of

wages and that means the standard of living<00:09:33.200> will<00:09:33.360> be<00:09:33.519> permanently<00:09:34.000> lower<00:09:34.240> for

living will be permanently lower for

living will be permanently lower for ordinary<00:09:34.800> people<00:09:35.279> and<00:09:35.440> this<00:09:35.600> is<00:09:35.839> exactly<00:09:36.160> what

ordinary people and this is exactly what

ordinary people and this is exactly what you<00:09:36.399> should<00:09:36.560> expect<00:09:37.200> when<00:09:37.440> you<00:09:37.519> have<00:09:37.760> an

you should expect when you have an

you should expect when you have an enormous<00:09:38.480> and<00:09:38.720> permanent<00:09:39.600> increase<00:09:40.080> in

enormous and permanent increase in

enormous and permanent increase in wealth<00:09:40.399> inequality<00:09:41.360> this<00:09:41.600> has<00:09:41.680> been<00:09:41.839> the

wealth inequality this has been the

wealth inequality this has been the largest<00:09:42.399> ever<00:09:42.880> transferred<00:09:43.360> world<00:09:43.600> from

largest ever transferred world from

largest ever transferred world from ordinary<00:09:44.240> people<00:09:44.480> to<00:09:44.640> the<00:09:44.720> rich<00:09:45.120> so<00:09:45.360> ordinary

ordinary people to the rich so ordinary

ordinary people to the rich so ordinary people<00:09:46.560> will<00:09:46.720> see<00:09:46.880> the<00:09:47.040> quality<00:09:47.279> of<00:09:47.360> life<00:09:47.519> full

people will see the quality of life full

people will see the quality of life full if<00:09:47.839> they<00:09:47.920> don't<00:09:48.080> change<00:09:48.320> that<00:09:48.959> do<00:09:49.040> you<00:09:49.200> see<00:09:49.279> a

if they don't change that do you see a

if they don't change that do you see a connection<00:09:49.839> between<00:09:50.160> that<00:09:50.320> wealth<00:09:50.560> transfer

connection between that wealth transfer

connection between that wealth transfer and<00:09:51.120> we've<00:09:51.279> done<00:09:51.440> some<00:09:51.600> stories<00:09:52.000> on<00:09:52.080> this

and we've done some stories on this

and we've done some stories on this particular<00:09:52.560> program<00:09:52.959> about<00:09:53.200> for<00:09:53.360> example<00:09:53.760> the

particular program about for example the

particular program about for example the uh<00:09:54.160> the<00:09:54.320> companies<00:09:54.720> that<00:09:54.800> are<00:09:54.880> responsible

uh the companies that are responsible

uh the companies that are responsible for<00:09:55.680> for<00:09:55.839> food<00:09:56.240> and<00:09:56.480> grocery<00:09:56.959> prices<00:09:57.360> whether

for for food and grocery prices whether

for for food and grocery prices whether it's<00:09:57.760> the<00:09:57.839> grocery<00:09:58.240> stores<00:09:58.720> or<00:09:58.880> the<00:09:59.360> uh<00:09:59.680> the

it's the grocery stores or the uh the

it's the grocery stores or the uh the the<00:10:00.080> tyson<00:10:00.560> chickens<00:10:01.040> uh<00:10:01.200> that<00:10:01.440> their<00:10:01.760> prices

the tyson chickens uh that their prices

the tyson chickens uh that their prices have<00:10:02.399> gone<00:10:02.640> up<00:10:02.959> far<00:10:03.360> faster<00:10:04.240> than<00:10:04.399> the<00:10:04.560> cost<00:10:04.880> of

have gone up far faster than the cost of

have gone up far faster than the cost of living

living

living far<00:10:06.079> higher<00:10:06.399> than<00:10:06.640> even<00:10:06.959> inflation<00:10:07.519> so<00:10:07.680> it

far higher than even inflation so it

far higher than even inflation so it seems<00:10:08.079> like<00:10:08.560> within<00:10:08.880> certain<00:10:09.120> sectors<00:10:09.440> in

seems like within certain sectors in

seems like within certain sectors in america<00:10:09.920> there's<00:10:10.079> a<00:10:10.160> lot<00:10:10.320> of<00:10:10.480> corporate<00:10:10.959> price

america there's a lot of corporate price

america there's a lot of corporate price gouging<00:10:11.839> that's<00:10:12.079> going<00:10:12.320> on

gouging that's going on

gouging that's going on listen<00:10:13.600> rich<00:10:13.839> people<00:10:14.079> have<00:10:14.320> much<00:10:14.720> much<00:10:15.120> much

listen rich people have much much much

listen rich people have much much much much<00:10:15.680> more<00:10:15.920> money<00:10:16.160> than<00:10:16.240> they<00:10:16.320> had<00:10:16.480> two<00:10:16.640> three

much more money than they had two three

much more money than they had two three years<00:10:16.959> ago

years ago

years ago fifteen<00:10:18.079> thousand<00:10:18.399> dollars<00:10:18.720> per<00:10:18.959> american

fifteen thousand dollars per american

fifteen thousand dollars per american adult<00:10:19.920> has<00:10:20.000> been<00:10:20.160> printed<00:10:20.560> and<00:10:20.640> it's<00:10:20.880> all

adult has been printed and it's all

adult has been printed and it's all ended<00:10:21.279> up<00:10:21.360> with<00:10:21.440> the<00:10:21.519> richest<00:10:21.920> which<00:10:22.160> means

ended up with the richest which means

ended up with the richest which means the<00:10:22.480> average<00:10:22.959> wealthy<00:10:23.279> american<00:10:23.600> family<00:10:24.000> is

the average wealthy american family is

the average wealthy american family is sitting<00:10:24.320> on<00:10:24.480> hundreds<00:10:24.800> of<00:10:24.959> thousands<00:10:25.279> even

sitting on hundreds of thousands even

sitting on hundreds of thousands even millions<00:10:25.839> of<00:10:25.920> dollars<00:10:26.240> cash<00:10:26.560> more<00:10:27.200> these<00:10:27.440> guys

millions of dollars cash more these guys

millions of dollars cash more these guys are<00:10:27.920> going<00:10:28.079> to<00:10:28.160> buy<00:10:28.399> more<00:10:28.640> stuff<00:10:28.880> and<00:10:29.040> they<00:10:29.120> can

are going to buy more stuff and they can

are going to buy more stuff and they can pay<00:10:29.440> more<00:10:29.600> with<00:10:29.760> it<00:10:29.920> and<00:10:30.079> partially<00:10:30.720> they'll

pay more with it and partially they'll

pay more with it and partially they'll invest<00:10:31.200> in<00:10:31.279> natural<00:10:31.600> resources

invest in natural resources

invest in natural resources they<00:10:32.560> can<00:10:32.720> buy<00:10:32.959> and<00:10:33.040> hold<00:10:33.200> those<00:10:33.440> natural

they can buy and hold those natural

they can buy and hold those natural resources<00:10:34.160> to<00:10:34.320> make<00:10:34.399> themselves<00:10:34.800> richer<00:10:35.600> look

resources to make themselves richer look

resources to make themselves richer look if<00:10:36.480> you<00:10:36.560> make<00:10:36.720> the<00:10:36.800> rich<00:10:37.120> much<00:10:37.279> much<00:10:37.519> much

if you make the rich much much much

if you make the rich much much much richer<00:10:38.480> then<00:10:38.640> they<00:10:38.800> will<00:10:38.959> take<00:10:39.200> a<00:10:39.279> bigger

richer then they will take a bigger

richer then they will take a bigger share<00:10:39.920> of<00:10:40.079> the<00:10:40.240> output<00:10:40.720> and<00:10:40.880> of<00:10:40.959> the<00:10:41.040> natural

share of the output and of the natural

share of the output and of the natural resources<00:10:41.920> that<00:10:42.079> leaves<00:10:42.399> less<00:10:42.560> for<00:10:42.720> the<00:10:42.800> rest

resources that leaves less for the rest

resources that leaves less for the rest of<00:10:43.120> us

of us

of us gary<00:10:44.640> if<00:10:44.720> you<00:10:44.880> could<00:10:45.040> have<00:10:45.200> a<00:10:45.279> conversation

gary if you could have a conversation

gary if you could have a conversation with<00:10:45.920> joe<00:10:46.160> biden<00:10:46.560> and<00:10:46.720> top<00:10:46.880> members<00:10:47.200> of

with joe biden and top members of

with joe biden and top members of congress<00:10:47.680> right<00:10:47.920> now<00:10:48.240> what<00:10:48.480> what<00:10:48.640> would<00:10:48.800> you

congress right now what what would you

congress right now what what would you say<00:10:49.120> to<00:10:49.279> them<00:10:49.440> what's<00:10:49.600> the<00:10:49.760> what's<00:10:50.000> the

say to them what's the what's the

say to them what's the what's the solution<00:10:50.560> here<00:10:50.959> assuming<00:10:51.360> that<00:10:51.440> they<00:10:51.600> have

solution here assuming that they have

solution here assuming that they have the<00:10:51.920> political<00:10:52.399> will<00:10:52.720> and<00:10:52.800> the<00:10:52.880> votes<00:10:53.200> to<00:10:53.279> do

the political will and the votes to do

the political will and the votes to do it<00:10:53.760> what's<00:10:54.000> the<00:10:54.160> solution

it what's the solution

it what's the solution listen

listen

listen you<00:10:56.480> guys<00:10:56.800> have<00:10:56.880> presided<00:10:57.440> over<00:10:57.680> the<00:10:57.839> biggest

you guys have presided over the biggest

you guys have presided over the biggest and<00:10:58.399> fastest<00:10:58.880> ever<00:10:59.120> increase<00:10:59.600> in<00:10:59.680> wealth

and fastest ever increase in wealth

and fastest ever increase in wealth inequality

inequality

inequality but<00:11:01.519> it's<00:11:01.680> fixable<00:11:02.240> the<00:11:02.399> money<00:11:02.800> is<00:11:02.880> there<00:11:03.279> that

but it's fixable the money is there that

but it's fixable the money is there that four<00:11:03.760> trillion<00:11:04.079> dollars<00:11:04.480> is<00:11:04.640> sitting<00:11:05.040> in<00:11:05.120> the

four trillion dollars is sitting in the

four trillion dollars is sitting in the bank<00:11:05.440> account<00:11:05.760> of<00:11:05.920> the<00:11:06.000> richest<00:11:06.399> americans

bank account of the richest americans

bank account of the richest americans while<00:11:07.360> ordinary<00:11:07.839> people<00:11:08.240> are<00:11:08.320> struggling<00:11:08.720> to

while ordinary people are struggling to

while ordinary people are struggling to heat<00:11:09.040> their<00:11:09.200> homes<00:11:09.519> and<00:11:09.680> feed<00:11:09.920> their<00:11:10.079> families

heat their homes and feed their families

heat their homes and feed their families four<00:11:11.120> trillion<00:11:11.440> dollars<00:11:11.839> is<00:11:12.000> there<00:11:12.480> you<00:11:12.640> have

four trillion dollars is there you have

four trillion dollars is there you have to<00:11:13.040> access<00:11:13.360> it<00:11:13.760> be<00:11:14.000> careful<00:11:14.640> plan<00:11:14.959> the<00:11:15.040> tax

to access it be careful plan the tax

to access it be careful plan the tax that<00:11:15.440> works<00:11:15.839> but<00:11:16.079> you<00:11:16.320> have<00:11:16.640> to<00:11:16.800> tax<00:11:17.120> the

that works but you have to tax the

that works but you have to tax the richest<00:11:17.680> it's<00:11:17.760> the<00:11:17.920> only<00:11:18.160> way<00:11:18.560> to<00:11:18.640> avoid<00:11:18.880> an

richest it's the only way to avoid an

richest it's the only way to avoid an economic<00:11:19.279> disaster<00:11:19.760> here<00:11:20.399> and<00:11:20.560> finally<00:11:20.880> gary

economic disaster here and finally gary

economic disaster here and finally gary how<00:11:21.279> did<00:11:21.360> you<00:11:21.519> go<00:11:21.680> from<00:11:21.839> being<00:11:22.000> a<00:11:22.079> trader<00:11:22.480> to

how did you go from being a trader to

how did you go from being a trader to being<00:11:22.959> somebody<00:11:23.200> who<00:11:23.360> was<00:11:23.440> essentially<00:11:23.920> an

being somebody who was essentially an

being somebody who was essentially an advocate<00:11:24.720> for<00:11:24.880> for<00:11:25.040> this<00:11:25.200> kind<00:11:25.360> of<00:11:25.519> work<00:11:26.160> oh

advocate for for this kind of work oh

advocate for for this kind of work oh well<00:11:26.560> i<00:11:26.640> don't<00:11:26.800> have<00:11:26.959> much<00:11:27.279> time<00:11:27.519> but<00:11:27.680> um

well i don't have much time but um

well i don't have much time but um uh<00:11:28.880> yeah<00:11:29.120> i'm<00:11:29.200> from<00:11:29.360> east<00:11:29.519> london<00:11:29.920> near<00:11:30.079> the

uh yeah i'm from east london near the

uh yeah i'm from east london near the financial<00:11:30.640> center<00:11:31.200> i<00:11:31.279> went<00:11:31.440> to<00:11:31.519> the<00:11:31.600> london

financial center i went to the london

financial center i went to the london school<00:11:31.920> of<00:11:32.079> economics<00:11:32.560> and<00:11:32.720> um<00:11:32.959> actually

school of economics and um actually

school of economics and um actually before<00:11:33.440> the<00:11:33.600> financial<00:11:33.920> crisis<00:11:34.320> citibank

before the financial crisis citibank

before the financial crisis citibank used<00:11:34.959> to<00:11:35.040> hire<00:11:35.200> one<00:11:35.360> trader<00:11:35.600> a<00:11:35.680> year<00:11:35.839> through<00:11:36.000> a

used to hire one trader a year through a

used to hire one trader a year through a card<00:11:36.320> game<00:11:36.720> which<00:11:36.959> is<00:11:37.040> basically<00:11:37.360> a<00:11:37.440> matter

card game which is basically a matter

card game which is basically a matter game<00:11:38.320> um<00:11:38.640> i'm<00:11:38.720> good<00:11:38.880> at<00:11:38.959> maths<00:11:39.200> i'm<00:11:39.279> good<00:11:39.440> at

game um i'm good at maths i'm good at

game um i'm good at maths i'm good at games<00:11:39.839> i<00:11:39.920> entered<00:11:40.160> that<00:11:40.399> and<00:11:40.480> i<00:11:40.640> won<00:11:41.040> and<00:11:41.279> uh

games i entered that and i won and uh

games i entered that and i won and uh yeah<00:11:42.000> i<00:11:42.079> became<00:11:42.320> a<00:11:42.399> trader<00:11:42.640> in<00:11:42.800> them<00:11:42.880> i<00:11:43.040> was

yeah i became a trader in them i was

yeah i became a trader in them i was quite<00:11:43.279> a<00:11:43.360> good<00:11:43.519> one<00:11:43.680> if<00:11:43.760> people<00:11:43.920> want<00:11:44.000> to<00:11:44.079> know

quite a good one if people want to know

quite a good one if people want to know more<00:11:44.399> they<00:11:44.560> can<00:11:44.640> check<00:11:44.800> out<00:11:44.880> my<00:11:45.040> youtube

more they can check out my youtube

more they can check out my youtube gary's<00:11:45.680> economics<00:11:46.160> lots<00:11:46.399> of<00:11:46.480> information

gary's economics lots of information

gary's economics lots of information there<00:11:47.680> okay

there okay

there okay gary<00:11:48.959> stevenson<00:11:49.519> he's<00:11:49.680> a<00:11:49.760> trader<00:11:50.160> turn

gary stevenson he's a trader turn

gary stevenson he's a trader turn inequality<00:11:51.120> economist<00:11:51.680> gary<00:11:52.000> good<00:11:52.160> of<00:11:52.240> you<00:11:52.399> to

inequality economist gary good of you to

inequality economist gary good of you to join<00:11:52.800> us<00:11:53.279> uh<00:11:53.519> thanks<00:11:53.680> for<00:11:53.760> being<00:11:53.920> with<00:11:54.079> us<00:11:54.160> we

join us uh thanks for being with us we

join us uh thanks for being with us we appreciate<00:11:54.639> it<00:11:55.120> thank<00:11:55.279> you