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UK Millionaires - Tax us Please??? Gary on Times Radio with Mariella Frostrup

October 25, 2021
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gary<00:00:00.320> stevenson<00:00:00.880> is<00:00:00.960> a<00:00:01.040> former<00:00:01.360> city<00:00:01.680> trader

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gary stevenson is a former city trader

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gary stevenson is a former city trader and<00:00:02.080> a<00:00:02.159> member<00:00:02.480> of<00:00:02.639> patriotic<00:00:03.280> millionaires

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and a member of patriotic millionaires

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and a member of patriotic millionaires uk<00:00:04.640> one<00:00:04.799> of<00:00:04.960> the<00:00:05.040> signatories<00:00:05.839> petitioning<00:00:06.560> uh

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uk one of the signatories petitioning uh

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uk one of the signatories petitioning uh rishi<00:00:07.279> sunak<00:00:08.160> gary<00:00:08.559> this<00:00:08.720> is<00:00:08.880> an<00:00:09.040> unusual

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rishi sunak gary this is an unusual

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rishi sunak gary this is an unusual situation<00:00:10.160> you<00:00:10.320> have<00:00:10.480> to<00:00:10.639> admit<00:00:11.440> um<00:00:11.920> what

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situation you have to admit um what

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situation you have to admit um what prompted

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prompted

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prompted you<00:00:13.920> and<00:00:14.320> your<00:00:15.120> uh<00:00:15.519> colleagues<00:00:16.160> on<00:00:16.240> the<00:00:16.400> list

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you and your uh colleagues on the list

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you and your uh colleagues on the list the<00:00:16.880> 30<00:00:17.279> uk<00:00:17.600> millionaires<00:00:18.400> to<00:00:18.560> put<00:00:18.800> together

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the 30 uk millionaires to put together

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the 30 uk millionaires to put together this<00:00:19.520> letter<00:00:20.000> what<00:00:20.240> prompted<00:00:20.640> it

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this letter what prompted it

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this letter what prompted it well<00:00:22.160> i've<00:00:22.320> been<00:00:22.400> a<00:00:22.480> member<00:00:22.720> of<00:00:22.800> this<00:00:22.960> group

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well i've been a member of this group

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well i've been a member of this group for<00:00:23.199> a<00:00:23.279> while<00:00:23.600> now<00:00:23.760> i<00:00:23.840> mean<00:00:24.000> for<00:00:24.160> me<00:00:24.400> personally

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for a while now i mean for me personally

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for a while now i mean for me personally i've<00:00:25.119> been<00:00:25.439> i'm<00:00:25.599> a<00:00:25.680> former<00:00:26.000> trader<00:00:26.480> uh<00:00:26.640> when<00:00:26.800> i

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i've been i'm a former trader uh when i

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i've been i'm a former trader uh when i worked<00:00:27.119> in<00:00:27.199> the<00:00:27.279> city<00:00:27.760> basically<00:00:28.320> and<00:00:28.640> i<00:00:28.800> made

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worked in the city basically and i made

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worked in the city basically and i made my<00:00:29.119> money<00:00:29.359> by<00:00:29.519> betting<00:00:29.760> that<00:00:30.000> we<00:00:30.080> wouldn't

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my money by betting that we wouldn't

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my money by betting that we wouldn't have<00:00:30.560> a<00:00:30.880> strong<00:00:31.199> recovery<00:00:31.599> from<00:00:31.760> 2008<00:00:32.800> because

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have a strong recovery from 2008 because

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have a strong recovery from 2008 because we<00:00:33.120> wouldn't<00:00:33.360> fix<00:00:33.600> inequality<00:00:34.160> so<00:00:34.480> i've<00:00:34.640> been

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we wouldn't fix inequality so i've been

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we wouldn't fix inequality so i've been very<00:00:35.040> interested<00:00:35.360> in<00:00:35.440> this<00:00:35.600> for<00:00:35.760> a<00:00:35.840> long<00:00:36.000> time

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very interested in this for a long time

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very interested in this for a long time as<00:00:36.880> soon<00:00:37.040> as<00:00:37.200> covid<00:00:37.600> happens<00:00:38.079> because<00:00:38.320> of<00:00:38.399> my

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as soon as covid happens because of my

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as soon as covid happens because of my background<00:00:38.960> i<00:00:39.040> was<00:00:39.200> very<00:00:39.360> interested<00:00:39.680> in

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background i was very interested in

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background i was very interested in what's<00:00:40.000> going<00:00:40.079> to<00:00:40.160> happen<00:00:40.320> to<00:00:40.480> inequality

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what's going to happen to inequality

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what's going to happen to inequality here<00:00:41.520> and<00:00:41.680> i<00:00:41.840> could<00:00:42.000> see<00:00:42.160> very<00:00:42.320> quickly<00:00:42.559> there

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here and i could see very quickly there

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here and i could see very quickly there was<00:00:42.800> going<00:00:42.879> to<00:00:42.960> be<00:00:43.440> an<00:00:43.680> explosion<00:00:44.079> in

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was going to be an explosion in

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was going to be an explosion in inequality<00:00:44.640> basically<00:00:44.960> because<00:00:45.120> there'd<00:00:45.280> be

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inequality basically because there'd be

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inequality basically because there'd be a<00:00:45.440> huge<00:00:45.600> accumulation<00:00:46.160> of<00:00:46.239> money<00:00:46.559> with<00:00:47.039> richer

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a huge accumulation of money with richer

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a huge accumulation of money with richer people<00:00:48.000> and<00:00:48.160> we've<00:00:48.320> seen<00:00:48.480> that<00:00:48.640> now<00:00:48.800> there's

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people and we've seen that now there's

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people and we've seen that now there's been<00:00:49.120> a<00:00:49.200> 22<00:00:49.920> increase<00:00:50.320> in<00:00:50.719> billionaire<00:00:51.280> wealth

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been a 22 increase in billionaire wealth

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been a 22 increase in billionaire wealth in<00:00:51.680> this<00:00:51.840> country<00:00:52.480> the<00:00:52.640> three<00:00:52.800> richest

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in this country the three richest

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in this country the three richest billionaire<00:00:53.600> families<00:00:53.920> have<00:00:54.000> increased

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billionaire families have increased

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billionaire families have increased their<00:00:54.320> wealth<00:00:54.480> by<00:00:54.640> over<00:00:54.879> 20<00:00:55.199> billion<00:00:55.520> pounds

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their wealth by over 20 billion pounds

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their wealth by over 20 billion pounds and<00:00:56.480> yet<00:00:56.800> when<00:00:56.960> the<00:00:57.039> government<00:00:57.360> needs<00:00:57.600> money

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and yet when the government needs money

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and yet when the government needs money to<00:00:57.920> pay<00:00:58.079> for<00:00:58.239> social<00:00:58.640> care<00:00:58.960> 10<00:00:59.120> billion<00:00:59.440> a<00:00:59.520> year

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to pay for social care 10 billion a year

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to pay for social care 10 billion a year rather<00:01:00.559> than<00:01:01.039> looking<00:01:01.359> to<00:01:01.520> taxing<00:01:01.920> the

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rather than looking to taxing the

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rather than looking to taxing the billionaires<00:01:03.039> rishi<00:01:03.359> sunaku's<00:01:04.080> family<00:01:04.320> are

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billionaires rishi sunaku's family are

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billionaires rishi sunaku's family are themselves<00:01:04.879> billionaires<00:01:05.439> has<00:01:05.600> instead

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themselves billionaires has instead

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themselves billionaires has instead chosen<00:01:06.240> to<00:01:06.320> raise<00:01:06.640> national<00:01:06.960> insurance<00:01:07.439> which

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chosen to raise national insurance which

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chosen to raise national insurance which affects<00:01:08.080> workers<00:01:08.560> earning<00:01:09.200> 10<00:01:09.520> 000<00:01:09.680> 11<00:01:10.000> 000

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affects workers earning 10 000 11 000

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affects workers earning 10 000 11 000 pounds<00:01:10.400> a<00:01:10.479> year<00:01:11.040> i<00:01:11.119> think<00:01:11.439> it's<00:01:11.600> crazy<00:01:12.159> that

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pounds a year i think it's crazy that

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pounds a year i think it's crazy that when<00:01:12.799> the<00:01:12.880> billionaires<00:01:13.280> have<00:01:13.360> made<00:01:13.600> so<00:01:13.760> much

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when the billionaires have made so much

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when the billionaires have made so much money<00:01:14.400> during<00:01:14.640> a<00:01:14.720> crisis<00:01:15.439> when<00:01:15.680> the<00:01:15.759> country

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money during a crisis when the country

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money during a crisis when the country needs<00:01:16.240> money<00:01:16.400> instead<00:01:16.640> of<00:01:16.720> going<00:01:16.960> to

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needs money instead of going to

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needs money instead of going to billionaires<00:01:17.920> we<00:01:18.080> go<00:01:18.240> to<00:01:18.400> ordinary<00:01:18.880> sometimes

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billionaires we go to ordinary sometimes

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billionaires we go to ordinary sometimes low-paid<00:01:19.920> people<00:01:20.320> and<00:01:20.400> if<00:01:20.560> we<00:01:20.640> do<00:01:20.880> that<00:01:21.360> it's

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low-paid people and if we do that it's

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low-paid people and if we do that it's going<00:01:21.600> to<00:01:21.680> crush<00:01:21.920> the<00:01:22.000> economy<00:01:22.320> as<00:01:22.400> well<00:01:22.479> in

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going to crush the economy as well in

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going to crush the economy as well in the<00:01:22.640> longer<00:01:22.880> term

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the longer term

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the longer term gary<00:01:24.320> how<00:01:24.560> popular<00:01:25.280> is<00:01:25.600> is<00:01:25.759> your<00:01:26.000> position<00:01:26.479> and

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gary how popular is is your position and

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gary how popular is is your position and the<00:01:26.640> position<00:01:27.119> of<00:01:27.200> the<00:01:27.360> other<00:01:27.600> signatories<00:01:28.159> of

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the position of the other signatories of

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the position of the other signatories of the<00:01:28.400> letter<00:01:28.720> because<00:01:29.040> if<00:01:29.360> everyone<00:01:29.840> was

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the letter because if everyone was

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the letter because if everyone was volunteering<00:01:30.720> to<00:01:30.960> pay<00:01:31.200> more<00:01:31.520> tax<00:01:31.920> everyone

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volunteering to pay more tax everyone

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volunteering to pay more tax everyone you<00:01:32.799> know<00:01:33.040> who<00:01:33.200> was<00:01:33.360> a<00:01:33.439> millionaire<00:01:34.000> and<00:01:34.159> above

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you know who was a millionaire and above

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you know who was a millionaire and above as<00:01:34.720> it<00:01:34.799> were<00:01:35.200> then<00:01:35.439> an<00:01:35.600> awful<00:01:35.920> lot<00:01:36.079> of<00:01:36.320> uh

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as it were then an awful lot of uh

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as it were then an awful lot of uh issues<00:01:37.119> in<00:01:37.280> this<00:01:37.520> country<00:01:38.159> about<00:01:38.479> unfairness

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issues in this country about unfairness

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issues in this country about unfairness could<00:01:39.520> be<00:01:39.680> solved<00:01:40.320> rather<00:01:40.640> quickly<00:01:41.040> couldn't

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could be solved rather quickly couldn't

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could be solved rather quickly couldn't they

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they

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they yeah<00:01:42.479> i<00:01:42.960> think<00:01:43.200> that<00:01:43.439> very<00:01:43.600> much<00:01:43.840> depends<00:01:44.240> who

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yeah i think that very much depends who

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yeah i think that very much depends who you're<00:01:44.560> asking<00:01:45.040> marielle<00:01:45.600> so<00:01:45.759> um<00:01:46.240> you<00:01:46.399> know<00:01:46.720> i

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you're asking marielle so um you know i

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you're asking marielle so um you know i come<00:01:47.200> from<00:01:47.600> a<00:01:47.680> place<00:01:47.920> called<00:01:48.000> ilford<00:01:48.320> in<00:01:48.399> east

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come from a place called ilford in east

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come from a place called ilford in east london<00:01:48.799> i<00:01:48.880> come<00:01:49.040> from<00:01:49.119> a<00:01:49.200> pretty<00:01:49.759> poor

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london i come from a pretty poor

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london i come from a pretty poor background<00:01:50.960> you<00:01:51.119> know<00:01:51.280> guys<00:01:51.520> i<00:01:51.680> know<00:01:51.920> that<00:01:52.079> i

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background you know guys i know that i

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background you know guys i know that i grew<00:01:52.320> up<00:01:52.399> with<00:01:52.640> that<00:01:52.799> they're<00:01:53.040> very<00:01:53.200> happy

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grew up with that they're very happy

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grew up with that they're very happy with<00:01:53.520> the<00:01:53.680> idea<00:01:54.079> but<00:01:54.240> you<00:01:54.320> know<00:01:54.560> also<00:01:55.360> i<00:01:55.680> went

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with the idea but you know also i went

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with the idea but you know also i went to<00:01:56.399> work<00:01:56.640> in<00:01:56.799> the<00:01:56.880> city<00:01:57.119> and<00:01:57.200> then<00:01:57.360> i<00:01:57.439> went<00:01:57.600> and

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to work in the city and then i went and

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to work in the city and then i went and i<00:01:57.840> studied<00:01:58.079> at<00:01:58.159> oxford<00:01:58.560> and<00:01:58.640> then<00:01:59.200> i<00:01:59.280> was

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i studied at oxford and then i was

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i studied at oxford and then i was surrounded<00:01:59.759> by<00:01:59.840> a<00:01:59.920> lot<00:02:00.000> of<00:02:00.079> millionaires<00:02:00.719> and

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surrounded by a lot of millionaires and

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surrounded by a lot of millionaires and um

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um i<00:02:02.240> suspect<00:02:02.640> if<00:02:02.719> you<00:02:02.880> ask<00:02:03.040> them<00:02:03.200> they<00:02:03.520> some<00:02:03.759> of

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i suspect if you ask them they some of

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i suspect if you ask them they some of them<00:02:04.240> might<00:02:04.399> not<00:02:04.560> be<00:02:04.719> so<00:02:04.880> happy<00:02:05.119> with<00:02:05.360> it<00:02:05.439> but

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them might not be so happy with it but

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them might not be so happy with it but um

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um it<00:02:07.680> really<00:02:07.840> depends

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it really depends

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it really depends who<00:02:08.959> you<00:02:09.119> ask<00:02:09.520> i<00:02:09.599> think<00:02:09.920> um<00:02:10.560> but<00:02:10.720> for<00:02:10.800> me<00:02:11.120> the

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who you ask i think um but for me the

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who you ask i think um but for me the key<00:02:11.520> question<00:02:11.840> is

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key question is

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key question is what<00:02:13.120> happens<00:02:13.360> to<00:02:13.440> the<00:02:13.520> economy<00:02:13.760> in<00:02:13.840> the

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what happens to the economy in the

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what happens to the economy in the longer<00:02:14.160> term

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longer term

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longer term i<00:02:15.200> think<00:02:15.440> uh<00:02:15.760> also<00:02:16.000> the<00:02:16.400> the<00:02:16.640> important<00:02:16.959> thing

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i think uh also the the important thing

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i think uh also the the important thing is<00:02:17.360> the<00:02:17.520> letter<00:02:17.840> emphasizes<00:02:18.480> that<00:02:18.560> this<00:02:18.800> isn't

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is the letter emphasizes that this isn't

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is the letter emphasizes that this isn't just<00:02:19.280> a<00:02:19.520> a<00:02:19.760> good<00:02:20.080> will<00:02:20.400> gesture<00:02:20.800> it's<00:02:20.959> a<00:02:21.040> matter

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just a a good will gesture it's a matter

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just a a good will gesture it's a matter of<00:02:21.440> what<00:02:21.599> makes<00:02:22.000> economic<00:02:22.720> sense<00:02:23.520> so<00:02:23.840> can<00:02:24.000> you

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of what makes economic sense so can you

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of what makes economic sense so can you outline<00:02:25.200> what<00:02:25.440> a<00:02:26.000> difference<00:02:26.480> a<00:02:26.959> wealth<00:02:27.280> tax

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outline what a difference a wealth tax

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outline what a difference a wealth tax might<00:02:27.840> make<00:02:28.080> to<00:02:28.239> the<00:02:28.400> economy<00:02:28.879> and<00:02:29.040> what<00:02:29.280> sort

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might make to the economy and what sort

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might make to the economy and what sort of<00:02:29.680> well<00:02:30.080> wealth<00:02:30.400> tax<00:02:30.720> you'd<00:02:30.959> be<00:02:31.120> proposing

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of well wealth tax you'd be proposing

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of well wealth tax you'd be proposing yeah<00:02:33.120> i<00:02:33.200> mean<00:02:33.440> the<00:02:33.599> very<00:02:33.840> simple<00:02:34.160> message<00:02:34.480> is

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yeah i mean the very simple message is

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yeah i mean the very simple message is look<00:02:34.800> if<00:02:34.879> you<00:02:34.959> give<00:02:35.120> a<00:02:35.200> thousand<00:02:35.519> pounds<00:02:35.840> to<00:02:35.920> an

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look if you give a thousand pounds to an

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look if you give a thousand pounds to an ordinary<00:02:36.400> person<00:02:37.040> that<00:02:37.200> thousand<00:02:37.519> pounds

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ordinary person that thousand pounds

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ordinary person that thousand pounds will<00:02:37.840> probably<00:02:38.160> be<00:02:38.239> spent<00:02:38.480> by<00:02:38.560> the<00:02:38.720> end<00:02:38.800> of<00:02:38.879> the

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will probably be spent by the end of the

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will probably be spent by the end of the year<00:02:39.360> but<00:02:39.519> if<00:02:39.599> you<00:02:39.680> give<00:02:39.840> a<00:02:39.920> thousand<00:02:40.239> pounds

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year but if you give a thousand pounds

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year but if you give a thousand pounds to<00:02:40.640> a<00:02:40.720> very<00:02:40.879> wealthy<00:02:41.200> person

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to a very wealthy person

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to a very wealthy person they're<00:02:42.319> going<00:02:42.400> to<00:02:42.480> use<00:02:42.720> it<00:02:42.879> to<00:02:42.959> buy<00:02:43.200> assets

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they're going to use it to buy assets

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they're going to use it to buy assets from<00:02:44.000> ordinary<00:02:44.400> people<00:02:44.879> so<00:02:45.440> money<00:02:45.680> that<00:02:45.840> is<00:02:45.920> in

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from ordinary people so money that is in

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from ordinary people so money that is in the<00:02:46.080> pockets<00:02:46.319> of<00:02:46.480> ordinary<00:02:46.879> people<00:02:47.200> gets

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the pockets of ordinary people gets

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the pockets of ordinary people gets spent<00:02:48.160> in<00:02:48.400> shops

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spent in shops

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spent in shops it<00:02:49.519> drives<00:02:49.760> the<00:02:49.920> economy<00:02:50.560> money<00:02:50.879> that<00:02:50.959> goes<00:02:51.120> to

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it drives the economy money that goes to

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it drives the economy money that goes to very<00:02:51.360> wealthy<00:02:51.760> people<00:02:52.560> tends<00:02:52.800> to<00:02:52.879> push<00:02:53.040> house

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very wealthy people tends to push house

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very wealthy people tends to push house prices<00:02:53.599> up<00:02:53.680> because<00:02:53.920> these<00:02:54.080> guys<00:02:54.400> buy<00:02:54.640> assets

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prices up because these guys buy assets

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prices up because these guys buy assets push<00:02:55.280> up<00:02:55.360> stocks<00:02:55.920> pushes<00:02:56.239> up<00:02:56.400> stock<00:02:56.640> prices

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push up stocks pushes up stock prices

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push up stocks pushes up stock prices pushed<00:02:57.599> up<00:02:57.760> house<00:02:58.000> prices<00:02:58.400> so

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pushed up house prices so

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pushed up house prices so at<00:02:59.440> the<00:02:59.599> moment<00:02:59.840> we've<00:02:59.920> had<00:03:00.080> a<00:03:00.159> crisis<00:03:00.560> which

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at the moment we've had a crisis which

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at the moment we've had a crisis which has<00:03:00.959> massively

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has massively

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has massively made<00:03:02.640> richer<00:03:03.040> the<00:03:03.120> richest<00:03:03.519> in<00:03:03.599> society

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made richer the richest in society

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made richer the richest in society ordinary<00:03:05.360> people<00:03:05.519> are<00:03:05.680> struggling<00:03:06.000> because

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ordinary people are struggling because

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ordinary people are struggling because costs<00:03:06.560> of<00:03:06.640> basics<00:03:07.040> are<00:03:07.120> going<00:03:07.440> up<00:03:07.599> and<00:03:07.680> now

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costs of basics are going up and now

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costs of basics are going up and now their<00:03:08.000> taxes<00:03:08.319> are<00:03:08.400> going<00:03:08.640> up<00:03:08.800> as<00:03:08.879> well<00:03:09.599> that

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their taxes are going up as well that

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their taxes are going up as well that means<00:03:10.400> lower<00:03:10.720> spending<00:03:11.280> and<00:03:11.440> a<00:03:11.519> weak<00:03:11.760> recovery

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means lower spending and a weak recovery

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means lower spending and a weak recovery so<00:03:13.680> what<00:03:13.920> exact<00:03:14.400> policies<00:03:15.200> do<00:03:15.360> you<00:03:15.440> think

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so what exact policies do you think

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so what exact policies do you think could<00:03:15.840> be<00:03:16.000> introduced<00:03:16.480> because<00:03:16.640> i'm<00:03:16.800> just

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could be introduced because i'm just

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could be introduced because i'm just getting<00:03:17.120> ready<00:03:17.360> to<00:03:17.519> vote<00:03:17.840> for<00:03:18.080> you

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getting ready to vote for you

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getting ready to vote for you okay

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okay

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okay uh<00:03:20.560> well<00:03:20.800> there's<00:03:20.959> lots<00:03:21.200> of<00:03:21.280> different<00:03:21.599> um

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uh well there's lots of different um

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uh well there's lots of different um suggestions<00:03:22.480> a<00:03:22.560> few<00:03:22.720> guys<00:03:22.959> have<00:03:23.040> come<00:03:23.200> out

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suggestions a few guys have come out

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suggestions a few guys have come out there<00:03:23.440> was<00:03:23.599> a<00:03:23.760> wealth<00:03:24.000> tax<00:03:24.239> commission<00:03:24.560> done

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there was a wealth tax commission done

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there was a wealth tax commission done at<00:03:24.799> lse<00:03:25.360> by<00:03:25.599> a<00:03:25.599> couple<00:03:25.840> of<00:03:25.920> guys<00:03:26.080> called<00:03:26.239> aaron

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at lse by a couple of guys called aaron

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at lse by a couple of guys called aaron advani<00:03:27.200> and<00:03:27.519> larry<00:03:27.840> summers<00:03:28.560> they<00:03:28.720> suggested

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advani and larry summers they suggested

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advani and larry summers they suggested a<00:03:29.200> one-off<00:03:29.519> wealth<00:03:29.840> tax<00:03:30.159> on<00:03:30.239> people<00:03:30.640> with

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a one-off wealth tax on people with

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a one-off wealth tax on people with maybe<00:03:31.040> worth<00:03:31.360> over<00:03:31.519> 2<00:03:31.680> million<00:03:32.000> pounds<00:03:32.319> or

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maybe worth over 2 million pounds or

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maybe worth over 2 million pounds or perhaps<00:03:32.640> what's<00:03:32.879> over<00:03:33.040> 1<00:03:33.200> million<00:03:33.519> pounds

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perhaps what's over 1 million pounds

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perhaps what's over 1 million pounds there's<00:03:34.640> a<00:03:34.720> world<00:03:34.879> tax<00:03:35.120> currently<00:03:35.440> coming<00:03:35.599> in

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there's a world tax currently coming in

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there's a world tax currently coming in in<00:03:35.840> the<00:03:35.920> us<00:03:36.239> which<00:03:36.400> is<00:03:36.480> focusing<00:03:36.879> on<00:03:37.120> you<00:03:37.200> know

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in the us which is focusing on you know

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in the us which is focusing on you know billionaire<00:03:37.920> wealth<00:03:38.159> super<00:03:38.480> rich<00:03:38.720> wealth<00:03:39.440> um

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billionaire wealth super rich wealth um

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billionaire wealth super rich wealth um for<00:03:40.319> me<00:03:40.480> i<00:03:40.560> think<00:03:40.720> the<00:03:40.879> most<00:03:41.120> important<00:03:41.519> thing

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for me i think the most important thing

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for me i think the most important thing is<00:03:42.159> that<00:03:42.319> it's<00:03:42.400> not<00:03:42.560> evaded<00:03:43.120> by<00:03:43.280> the<00:03:43.519> very<00:03:43.680> very

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is that it's not evaded by the very very

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is that it's not evaded by the very very rich<00:03:44.239> because<00:03:44.400> i<00:03:44.480> know<00:03:44.720> ordinary<00:03:45.120> people<00:03:45.360> they

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rich because i know ordinary people they

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rich because i know ordinary people they see<00:03:45.680> policies<00:03:46.080> like<00:03:46.239> this<00:03:46.400> and<00:03:46.480> they<00:03:46.560> think<00:03:46.720> oh

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see policies like this and they think oh

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see policies like this and they think oh yeah<00:03:47.200> right<00:03:47.760> you're<00:03:47.920> going<00:03:48.000> to<00:03:48.080> say<00:03:48.239> you're

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yeah right you're going to say you're

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yeah right you're going to say you're taxing<00:03:48.720> the<00:03:48.799> riches<00:03:49.040> but<00:03:49.200> you're<00:03:49.360> actually

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taxing the riches but you're actually

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taxing the riches but you're actually going<00:03:49.599> to<00:03:49.680> tax<00:03:50.000> us<00:03:50.400> so<00:03:50.560> i<00:03:50.640> think<00:03:50.879> the<00:03:51.120> most

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going to tax us so i think the most

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going to tax us so i think the most vital<00:03:51.920> thing<00:03:52.560> is<00:03:52.720> that<00:03:52.799> the<00:03:53.120> very<00:03:53.519> riches<00:03:53.840> pay

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vital thing is that the very riches pay

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vital thing is that the very riches pay this<00:03:54.239> tax<00:03:54.480> so<00:03:54.560> when<00:03:54.720> i'm<00:03:54.879> asked<00:03:55.120> about<00:03:55.439> it<00:03:55.840> i

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this tax so when i'm asked about it i

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this tax so when i'm asked about it i say<00:03:56.239> look<00:03:56.720> i'm<00:03:57.120> wealthy<00:03:57.519> but<00:03:57.680> i'm<00:03:57.760> not<00:03:58.080> super

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say look i'm wealthy but i'm not super

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say look i'm wealthy but i'm not super wealthy<00:03:58.799> like<00:03:59.439> billionaires<00:03:59.840> like<00:04:00.000> richard's

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wealthy like billionaires like richard's

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wealthy like billionaires like richard's next<00:04:00.480> family<00:04:01.360> i'll<00:04:01.599> pay<00:04:01.840> it<00:04:02.000> as<00:04:02.080> long<00:04:02.239> as<00:04:02.400> rishi

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next family i'll pay it as long as rishi

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next family i'll pay it as long as rishi pays<00:04:02.959> it<00:04:03.280> so<00:04:03.680> the<00:04:03.760> most<00:04:04.000> important<00:04:04.319> thing<00:04:04.480> is

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pays it so the most important thing is

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pays it so the most important thing is that<00:04:04.720> it<00:04:04.799> hits<00:04:05.200> the<00:04:05.519> very<00:04:05.840> very<00:04:06.080> richest<00:04:06.480> in

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that it hits the very very richest in

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that it hits the very very richest in society

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society

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society and<00:04:09.040> i<00:04:09.120> mean

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and i mean

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and i mean with<00:04:10.000> two<00:04:10.239> things<00:04:10.480> i<00:04:10.560> mean<00:04:10.720> the<00:04:10.879> first<00:04:11.200> is<00:04:11.360> how

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with two things i mean the first is how

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with two things i mean the first is how much<00:04:11.599> money<00:04:11.840> do<00:04:11.920> you<00:04:12.000> think<00:04:12.159> it<00:04:12.239> could<00:04:12.400> raise

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much money do you think it could raise

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much money do you think it could raise but<00:04:12.959> the<00:04:13.120> second<00:04:13.760> i<00:04:14.080> suppose<00:04:14.480> there's<00:04:14.640> a<00:04:14.720> more

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but the second i suppose there's a more

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but the second i suppose there's a more cultural<00:04:15.760> thing<00:04:16.000> about<00:04:16.479> tax<00:04:16.799> invasion<00:04:17.359> which

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cultural thing about tax invasion which

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cultural thing about tax invasion which has<00:04:18.239> always<00:04:18.639> puzzled<00:04:19.120> me<00:04:19.440> why<00:04:19.840> why<00:04:20.079> it's<00:04:20.320> so

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has always puzzled me why why it's so

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has always puzzled me why why it's so acceptable<00:04:21.280> why<00:04:21.440> it's<00:04:21.600> acceptable<00:04:22.079> for

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acceptable why it's acceptable for

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acceptable why it's acceptable for someone<00:04:22.479> to<00:04:22.639> sit<00:04:22.880> at<00:04:23.040> a<00:04:23.120> dinner<00:04:23.440> or<00:04:23.600> something

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someone to sit at a dinner or something

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someone to sit at a dinner or something and<00:04:24.400> tell<00:04:24.560> you<00:04:24.720> that<00:04:24.800> they<00:04:24.960> live<00:04:25.199> in<00:04:25.360> monaco

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and tell you that they live in monaco

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and tell you that they live in monaco because<00:04:26.320> that<00:04:26.479> means<00:04:26.720> they<00:04:26.880> don't<00:04:27.040> have<00:04:27.120> to

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because that means they don't have to

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because that means they don't have to pay<00:04:27.440> any<00:04:27.680> tax<00:04:28.000> and<00:04:28.080> you're<00:04:28.240> sitting<00:04:28.560> next<00:04:28.800> to

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pay any tax and you're sitting next to

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pay any tax and you're sitting next to them<00:04:29.199> paying

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them paying

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them paying the<00:04:30.320> tax<00:04:30.800> out<00:04:30.960> of<00:04:31.040> your<00:04:31.280> salary<00:04:31.680> that<00:04:31.840> it<00:04:32.000> takes

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the tax out of your salary that it takes

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the tax out of your salary that it takes to<00:04:32.400> pay<00:04:32.639> for<00:04:33.120> you<00:04:33.199> know<00:04:33.440> services<00:04:33.919> like<00:04:34.080> the

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to pay for you know services like the

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to pay for you know services like the dustbins<00:04:34.720> and<00:04:34.800> the<00:04:34.960> roads<00:04:35.280> and<00:04:35.680> and

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dustbins and the roads and and

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dustbins and the roads and and everything<00:04:36.160> else

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everything else

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everything else is<00:04:37.040> it<00:04:37.199> a<00:04:37.280> particularly<00:04:37.759> british<00:04:38.160> thing<00:04:38.320> that

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is it a particularly british thing that

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is it a particularly british thing that the<00:04:38.880> idea<00:04:39.120> that<00:04:39.600> that<00:04:39.919> paying<00:04:40.160> taxes<00:04:40.560> for<00:04:40.720> the

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the idea that that paying taxes for the

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the idea that that paying taxes for the little<00:04:41.040> guys<00:04:41.280> or<00:04:41.440> do<00:04:41.520> you<00:04:41.600> think<00:04:41.759> it's<00:04:41.919> more

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little guys or do you think it's more

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little guys or do you think it's more global

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global

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global well

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well

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well like<00:04:44.960> i<00:04:45.040> said<00:04:45.199> my<00:04:45.440> personal<00:04:45.759> background<00:04:46.160> i

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like i said my personal background i

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like i said my personal background i come<00:04:46.400> from<00:04:46.479> quite<00:04:46.639> a<00:04:46.720> poor<00:04:46.960> background<00:04:47.360> but

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come from quite a poor background but

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come from quite a poor background but now<00:04:47.759> i've<00:04:47.919> worked<00:04:48.160> in<00:04:48.240> the<00:04:48.320> city<00:04:48.560> and<00:04:48.720> i've

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now i've worked in the city and i've

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now i've worked in the city and i've been<00:04:48.960> to<00:04:49.120> oxford<00:04:49.360> and<00:04:49.440> i<00:04:49.520> know<00:04:49.680> richard<00:04:50.000> people

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been to oxford and i know richard people

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been to oxford and i know richard people i<00:04:50.639> think<00:04:51.040> this<00:04:51.199> really<00:04:51.360> depends<00:04:51.680> kind<00:04:51.840> of

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i think this really depends kind of

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i think this really depends kind of where<00:04:52.080> you<00:04:52.160> come<00:04:52.320> from<00:04:52.639> ordinary<00:04:53.120> people<00:04:53.759> they

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where you come from ordinary people they

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where you come from ordinary people they have<00:04:54.080> to<00:04:54.160> pay<00:04:54.320> taxes<00:04:54.800> it<00:04:54.880> comes<00:04:55.040> straight<00:04:55.280> out

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have to pay taxes it comes straight out

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have to pay taxes it comes straight out of<00:04:55.360> their<00:04:55.520> pay<00:04:55.680> packet<00:04:56.000> they<00:04:56.160> don't<00:04:56.320> have<00:04:56.400> a

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of their pay packet they don't have a

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of their pay packet they don't have a choice<00:04:56.880> and<00:04:56.960> if<00:04:57.040> you<00:04:57.199> ask<00:04:57.440> them<00:04:58.000> how<00:04:58.160> do<00:04:58.320> you

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choice and if you ask them how do you

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choice and if you ask them how do you feel<00:04:58.720> about<00:04:59.280> you<00:04:59.440> know<00:04:59.520> the<00:04:59.680> super<00:05:00.000> rich<00:05:00.400> like

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feel about you know the super rich like

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feel about you know the super rich like uh<00:05:00.960> you<00:05:01.039> know<00:05:01.280> politicians<00:05:01.840> and<00:05:01.919> millionaires

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uh you know politicians and millionaires

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uh you know politicians and millionaires and<00:05:02.479> billionaires<00:05:02.800> avoiding<00:05:03.199> taxes<00:05:03.919> they<00:05:04.160> all

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and billionaires avoiding taxes they all

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and billionaires avoiding taxes they all hate<00:05:04.560> it<00:05:04.720> but<00:05:05.280> it's<00:05:05.520> become<00:05:05.840> quite<00:05:06.080> normalized

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hate it but it's become quite normalized

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hate it but it's become quite normalized in<00:05:06.880> in<00:05:07.039> wealthy<00:05:07.520> communities<00:05:08.080> because

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in in wealthy communities because

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in in wealthy communities because wealthy<00:05:09.280> people<00:05:10.320> huge<00:05:10.560> amounts<00:05:10.800> of<00:05:10.880> them<00:05:11.039> are

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wealthy people huge amounts of them are

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wealthy people huge amounts of them are doing<00:05:11.280> it<00:05:11.360> so<00:05:11.520> it's<00:05:11.600> normalized<00:05:12.160> for<00:05:12.400> them<00:05:12.639> so

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doing it so it's normalized for them so

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doing it so it's normalized for them so i<00:05:12.880> think<00:05:13.039> within<00:05:13.440> that<00:05:13.919> very<00:05:14.160> wealthy

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i think within that very wealthy

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i think within that very wealthy community<00:05:15.199> it's<00:05:15.360> normal<00:05:15.600> to<00:05:15.680> avoid<00:05:16.000> taxes

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community it's normal to avoid taxes

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community it's normal to avoid taxes everybody's<00:05:16.960> doing<00:05:17.280> it<00:05:17.520> so<00:05:18.160> they're<00:05:18.400> happy

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everybody's doing it so they're happy

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everybody's doing it so they're happy about<00:05:18.880> it<00:05:19.280> but<00:05:19.440> if<00:05:19.600> you<00:05:19.680> ask<00:05:19.919> ordinary<00:05:20.320> people

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about it but if you ask ordinary people

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about it but if you ask ordinary people who<00:05:20.639> have<00:05:20.800> no<00:05:20.960> choice<00:05:21.280> and<00:05:21.360> have<00:05:21.440> to<00:05:21.520> pay<00:05:21.680> their

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who have no choice and have to pay their

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who have no choice and have to pay their taxes

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taxes

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taxes they<00:05:22.960> hate<00:05:23.280> it<00:05:23.360> and<00:05:23.520> you<00:05:23.600> know<00:05:24.240> it's<00:05:24.400> no

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they hate it and you know it's no

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they hate it and you know it's no surprise<00:05:25.199> that<00:05:25.840> millionaires<00:05:26.320> are

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surprise that millionaires are

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surprise that millionaires are comfortable<00:05:26.720> with<00:05:26.880> it<00:05:26.960> because<00:05:27.199> they're

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comfortable with it because they're

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comfortable with it because they're massively<00:05:28.080> benefiting<00:05:28.560> from<00:05:28.720> it

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massively benefiting from it

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massively benefiting from it the<00:05:30.000> last<00:05:30.240> time<00:05:30.560> that<00:05:30.800> that<00:05:31.039> tax<00:05:31.280> rates<00:05:31.600> went

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the last time that that tax rates went

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the last time that that tax rates went up<00:05:32.000> for<00:05:32.160> the<00:05:32.240> super<00:05:32.639> rich<00:05:33.039> they<00:05:33.199> deserted<00:05:33.680> the

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up for the super rich they deserted the

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up for the super rich they deserted the country<00:05:34.240> in<00:05:34.320> their<00:05:34.880> in<00:05:34.960> their<00:05:35.199> droves<00:05:35.759> didn't

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country in their in their droves didn't

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country in their in their droves didn't they<00:05:36.160> do<00:05:36.240> you<00:05:36.320> think<00:05:36.479> that's<00:05:36.720> why<00:05:36.960> the

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they do you think that's why the

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they do you think that's why the government<00:05:37.520> is<00:05:37.520> is<00:05:37.919> so<00:05:38.080> reluctant<00:05:38.639> to

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government is is so reluctant to

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government is is so reluctant to consider<00:05:39.600> a<00:05:39.759> wealth<00:05:40.000> tax<00:05:40.240> i<00:05:40.400> remember<00:05:40.639> sitting

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consider a wealth tax i remember sitting

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consider a wealth tax i remember sitting next<00:05:41.440> to<00:05:41.680> a<00:05:41.759> minor<00:05:42.160> oligarch<00:05:42.639> who<00:05:42.800> was

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next to a minor oligarch who was

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next to a minor oligarch who was complaining<00:05:43.440> about<00:05:43.680> the<00:05:43.759> fact<00:05:44.000> that<00:05:44.160> they

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complaining about the fact that they

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complaining about the fact that they were<00:05:44.400> going<00:05:44.560> to<00:05:44.639> take<00:05:45.199> do<00:05:45.280> you<00:05:45.360> remember<00:05:45.600> when

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were going to take do you remember when

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were going to take do you remember when there<00:05:45.759> was<00:05:45.919> a<00:05:46.000> 30<00:05:46.479> 000<00:05:46.800> a<00:05:46.880> year<00:05:47.199> sort<00:05:47.360> of

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there was a 30 000 a year sort of

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there was a 30 000 a year sort of one-off<00:05:48.400> non-dom<00:05:49.120> tax<00:05:49.440> that<00:05:49.600> was<00:05:49.759> going<00:05:49.919> to<00:05:50.000> be

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one-off non-dom tax that was going to be

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one-off non-dom tax that was going to be introduced<00:05:50.720> and<00:05:50.800> he<00:05:50.880> was<00:05:51.280> absolutely

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introduced and he was absolutely

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introduced and he was absolutely apoplectic<00:05:52.800> because<00:05:52.960> he<00:05:53.120> said<00:05:53.280> he<00:05:53.440> employed

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apoplectic because he said he employed

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apoplectic because he said he employed four<00:05:54.320> people<00:05:54.639> a<00:05:54.800> cook<00:05:55.120> a<00:05:55.199> driver<00:05:55.759> a

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four people a cook a driver a

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four people a cook a driver a housekeeper<00:05:56.880> and<00:05:56.960> a<00:05:57.120> butler<00:05:57.600> i<00:05:57.680> think<00:05:58.400> um<00:05:59.039> you

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housekeeper and a butler i think um you

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housekeeper and a butler i think um you know<00:05:59.680> there<00:05:59.840> is<00:06:00.000> huge<00:06:00.319> resistance<00:06:00.880> to<00:06:01.039> this

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know there is huge resistance to this

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know there is huge resistance to this isn't<00:06:01.440> there<00:06:02.000> do<00:06:02.080> you<00:06:02.240> think<00:06:02.319> that's<00:06:02.560> why<00:06:02.720> the

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isn't there do you think that's why the

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isn't there do you think that's why the government<00:06:03.360> doesn't<00:06:03.919> just<00:06:04.160> introduce<00:06:04.720> it

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government doesn't just introduce it

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government doesn't just introduce it yeah<00:06:05.840> i<00:06:05.919> get<00:06:06.080> this<00:06:06.240> question<00:06:06.560> a<00:06:06.639> lot<00:06:06.880> and<00:06:07.120> i

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yeah i get this question a lot and i

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yeah i get this question a lot and i think<00:06:07.440> it's<00:06:07.600> kind<00:06:07.840> of<00:06:08.000> based<00:06:08.560> a<00:06:08.639> little<00:06:08.880> bit<00:06:09.039> on

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think it's kind of based a little bit on

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think it's kind of based a little bit on a<00:06:09.199> bit<00:06:09.280> of<00:06:09.360> a<00:06:09.440> misunderstanding<00:06:10.400> of<00:06:10.560> what

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a bit of a misunderstanding of what

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a bit of a misunderstanding of what wealth<00:06:11.120> is<00:06:11.280> and<00:06:11.360> what<00:06:11.440> it<00:06:11.520> means<00:06:11.759> to<00:06:11.840> be<00:06:11.919> super

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wealth is and what it means to be super

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wealth is and what it means to be super wealthy<00:06:12.639> i<00:06:12.720> think<00:06:13.120> we<00:06:13.280> kind<00:06:13.440> of<00:06:13.520> have<00:06:13.680> this

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wealthy i think we kind of have this

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wealthy i think we kind of have this sort<00:06:14.000> of<00:06:14.560> image<00:06:14.800> in<00:06:14.960> our<00:06:15.039> head<00:06:15.280> that<00:06:15.520> that

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sort of image in our head that that

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sort of image in our head that that wealthy<00:06:16.160> people<00:06:16.479> are<00:06:16.639> just<00:06:17.199> super<00:06:17.520> super<00:06:17.680> rich

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wealthy people are just super super rich

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wealthy people are just super super rich people<00:06:18.240> have<00:06:18.400> like<00:06:18.720> billions<00:06:19.120> of<00:06:19.199> pounds<00:06:19.840> like

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people have like billions of pounds like

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people have like billions of pounds like in<00:06:20.160> a<00:06:20.240> big<00:06:20.560> black<00:06:20.880> bag<00:06:21.120> like<00:06:21.280> a<00:06:21.360> bank<00:06:21.600> robber<00:06:21.919> or

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in a big black bag like a bank robber or

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in a big black bag like a bank robber or something<00:06:22.560> but<00:06:22.720> the<00:06:22.800> truth<00:06:23.120> is<00:06:23.600> these<00:06:23.840> guys

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something but the truth is these guys

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something but the truth is these guys because<00:06:24.800> they<00:06:25.280> well<00:06:25.520> yeah<00:06:25.840> i<00:06:25.919> mean<00:06:26.080> they

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because they well yeah i mean they

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because they well yeah i mean they probably<00:06:26.479> do<00:06:26.639> have<00:06:26.720> large<00:06:26.960> amounts<00:06:27.280> of<00:06:27.360> cash

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probably do have large amounts of cash

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probably do have large amounts of cash but<00:06:27.919> the<00:06:28.080> main<00:06:28.319> source<00:06:28.560> of<00:06:28.639> their<00:06:28.720> wealth<00:06:29.120> is

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but the main source of their wealth is

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but the main source of their wealth is assets<00:06:30.000> and<00:06:30.160> that's<00:06:30.400> property<00:06:31.199> based<00:06:31.440> in<00:06:31.520> this

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assets and that's property based in this

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assets and that's property based in this country<00:06:32.240> land<00:06:32.560> based<00:06:32.800> in<00:06:32.880> this<00:06:33.039> country<00:06:34.000> it

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country land based in this country it

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country land based in this country it could<00:06:34.240> be<00:06:34.400> debt<00:06:34.720> other<00:06:34.880> people's<00:06:35.280> debt<00:06:35.680> of

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could be debt other people's debt of

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could be debt other people's debt of people<00:06:36.080> based<00:06:36.319> in<00:06:36.400> this<00:06:36.479> country<00:06:36.880> and

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people based in this country and

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people based in this country and corporations<00:06:37.680> that<00:06:37.919> sell<00:06:38.160> to<00:06:38.319> this<00:06:38.479> country

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corporations that sell to this country

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corporations that sell to this country you<00:06:38.880> know<00:06:39.039> so

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you know so

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you know so these<00:06:40.000> guys<00:06:40.720> if<00:06:40.880> they<00:06:41.039> leave<00:06:41.759> their<00:06:41.919> assets

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these guys if they leave their assets

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these guys if they leave their assets are<00:06:42.400> still<00:06:42.639> here<00:06:43.280> and<00:06:43.360> we<00:06:43.520> can<00:06:43.600> still<00:06:43.840> tax<00:06:44.080> them

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are still here and we can still tax them

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are still here and we can still tax them so<00:06:44.400> i<00:06:44.479> mean<00:06:44.960> it's<00:06:45.120> not<00:06:45.280> as<00:06:45.440> if<00:06:45.520> these<00:06:45.759> guys

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so i mean it's not as if these guys

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so i mean it's not as if these guys disappear<00:06:46.479> and<00:06:46.880> all<00:06:47.039> of<00:06:47.120> the<00:06:47.199> houses

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disappear and all of the houses

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disappear and all of the houses disappear<00:06:48.000> out<00:06:48.080> of<00:06:48.160> the<00:06:48.240> country<00:06:48.560> you<00:06:48.639> know

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disappear out of the country you know

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disappear out of the country you know the<00:06:49.120> wealth<00:06:49.440> exists<00:06:49.919> in<00:06:50.000> this<00:06:50.160> country<00:06:50.800> and

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the wealth exists in this country and

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the wealth exists in this country and it's<00:06:51.120> increasingly<00:06:51.599> owned<00:06:51.840> by<00:06:51.919> a<00:06:52.000> tiny

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it's increasingly owned by a tiny

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it's increasingly owned by a tiny minority<00:06:53.280> we<00:06:53.440> can<00:06:53.680> tax<00:06:53.919> it<00:06:54.000> and<00:06:54.080> i<00:06:54.240> think<00:06:54.639> the

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minority we can tax it and i think the

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minority we can tax it and i think the reason<00:06:55.039> that<00:06:55.360> we<00:06:55.520> don't<00:06:55.759> is<00:06:55.919> perhaps<00:06:56.240> more<00:06:56.400> to

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reason that we don't is perhaps more to

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reason that we don't is perhaps more to do<00:06:56.639> with<00:06:56.720> the<00:06:56.800> fact<00:06:57.039> that<00:06:57.680> people<00:06:58.000> like<00:06:58.240> our

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do with the fact that people like our

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do with the fact that people like our chancellor<00:06:59.039> are<00:06:59.199> literally<00:06:59.599> billionaires

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chancellor are literally billionaires

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chancellor are literally billionaires gary<00:07:01.919> stevenson<00:07:02.400> when<00:07:02.560> are<00:07:02.639> you<00:07:02.800> going<00:07:02.960> into

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gary stevenson when are you going into

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gary stevenson when are you going into politics<00:07:03.680> is<00:07:03.840> my<00:07:04.000> final<00:07:04.319> question

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politics is my final question

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politics is my final question um<00:07:06.720> uh<00:07:06.960> well<00:07:07.120> i'm<00:07:07.280> working<00:07:07.520> on<00:07:07.599> a<00:07:07.680> book<00:07:07.840> at<00:07:07.919> the

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um uh well i'm working on a book at the

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um uh well i'm working on a book at the moment<00:07:08.240> and<00:07:08.400> making<00:07:08.720> youtube<00:07:09.039> videos<00:07:09.440> uh<00:07:09.919> once

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moment and making youtube videos uh once

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moment and making youtube videos uh once um<00:07:10.639> i<00:07:10.720> get<00:07:10.880> enough<00:07:11.039> support<00:07:11.360> in<00:07:11.440> that<00:07:11.520> then

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um i get enough support in that then

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um i get enough support in that then then<00:07:12.080> maybe<00:07:12.319> i'll<00:07:12.400> make<00:07:12.560> the<00:07:12.639> jump<00:07:13.199> we'll<00:07:13.360> see

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then maybe i'll make the jump we'll see

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then maybe i'll make the jump we'll see okay<00:07:13.840> well<00:07:14.400> come<00:07:14.560> back<00:07:14.800> and<00:07:14.880> talk<00:07:15.120> to<00:07:15.199> me<00:07:15.360> about

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okay well come back and talk to me about

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okay well come back and talk to me about your<00:07:15.680> book<00:07:16.160> thank<00:07:16.400> you<00:07:16.560> very<00:07:16.720> much<00:07:17.440> that<00:07:17.599> was

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your book thank you very much that was

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your book thank you very much that was gary<00:07:18.240> stevenson<00:07:18.880> of<00:07:18.960> the<00:07:19.199> patriotic

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gary stevenson of the patriotic

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gary stevenson of the patriotic millionaires<00:07:21.039> uk

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housing<00:07:24.319> could<00:07:24.479> be<00:07:24.639> so<00:07:24.800> much<00:07:25.039> more<00:07:25.199> affordable

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housing could be so much more affordable

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housing could be so much more affordable wages<00:07:26.319> could<00:07:26.400> be<00:07:26.560> so<00:07:26.800> much<00:07:27.039> higher<00:07:27.599> and<00:07:27.759> we

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wages could be so much higher and we

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wages could be so much higher and we could<00:07:28.000> have<00:07:28.160> so<00:07:28.400> many<00:07:28.560> more<00:07:28.800> options<00:07:29.520> in<00:07:29.599> how

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could have so many more options in how

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could have so many more options in how we<00:07:29.840> live<00:07:30.080> our<00:07:30.160> lives<00:07:30.560> some<00:07:30.720> of<00:07:30.800> them<00:07:30.880> put<00:07:31.039> a<00:07:31.120> lot

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we live our lives some of them put a lot

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we live our lives some of them put a lot of<00:07:31.360> money<00:07:31.599> into<00:07:31.840> paying<00:07:32.160> economists<00:07:32.720> and

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of money into paying economists and

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of money into paying economists and think<00:07:33.039> tanks<00:07:33.360> to<00:07:33.520> tell<00:07:33.759> you<00:07:34.080> that<00:07:34.319> inequality

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think tanks to tell you that inequality

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think tanks to tell you that inequality is<00:07:35.039> important<00:07:35.280> for<00:07:35.440> the<00:07:35.520> economy<00:07:36.479> that<00:07:36.720> is<00:07:36.800> not

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is important for the economy that is not

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is important for the economy that is not true

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[Music]

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you