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Victorian levels of poverty will return to the UK

May 01, 2024
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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I<00:00:00.240> I've<00:00:00.399> made<00:00:00.599> millions<00:00:00.880> of<00:00:01.040> pounds<00:00:01.800> betting

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I I've made millions of pounds betting

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I I've made millions of pounds betting that<00:00:02.440> the<00:00:02.600> average<00:00:02.919> British<00:00:03.280> family<00:00:03.600> will

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that the average British family will

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that the average British family will collapse<00:00:04.200> into<00:00:04.440> poverty<00:00:05.120> desperate<00:00:05.879> poverty

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collapse into poverty desperate poverty

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collapse into poverty desperate poverty I'm<00:00:06.560> talking<00:00:06.839> about<00:00:07.080> Charles<00:00:07.799> dickins<00:00:08.480> Oliver

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I'm talking about Charles dickins Oliver

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I'm talking about Charles dickins Oliver Twist<00:00:10.160> that<00:00:10.280> is<00:00:10.400> the<00:00:10.559> future<00:00:10.920> of<00:00:11.080> this<00:00:11.280> country

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Twist that is the future of this country

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Twist that is the future of this country if<00:00:12.040> we<00:00:12.160> don't<00:00:12.360> deal<00:00:12.559> with<00:00:12.679> growing<00:00:12.960> inequality

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if we don't deal with growing inequality

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if we don't deal with growing inequality that<00:00:13.759> is<00:00:13.880> what<00:00:14.000> I<00:00:14.120> see<00:00:14.719> what<00:00:14.799> are<00:00:14.920> the<00:00:15.000> biggest

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that is what I see what are the biggest

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that is what I see what are the biggest problems<00:00:15.599> that<00:00:15.679> we<00:00:15.799> face<00:00:16.000> in<00:00:16.119> this<00:00:16.279> country

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problems that we face in this country

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problems that we face in this country it's<00:00:17.080> well<00:00:17.359> I<00:00:17.439> mean<00:00:17.560> it's<00:00:17.720> wealth<00:00:17.960> inequality

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it's well I mean it's wealth inequality

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it's well I mean it's wealth inequality it's<00:00:18.760> wealth<00:00:19.000> INE<00:00:19.160> equality<00:00:19.560> listen<00:00:20.080> if<00:00:20.199> you

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it's wealth INE equality listen if you

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it's wealth INE equality listen if you allow<00:00:20.760> wealth<00:00:21.080> to<00:00:21.240> flow<00:00:21.840> at<00:00:21.960> an<00:00:22.160> unbelievably

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allow wealth to flow at an unbelievably

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allow wealth to flow at an unbelievably rapid<00:00:23.199> rate<00:00:24.000> out<00:00:24.160> of<00:00:24.279> your<00:00:24.400> middle<00:00:24.760> class<00:00:25.279> away

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rapid rate out of your middle class away

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rapid rate out of your middle class away from<00:00:25.680> ordinary<00:00:26.080> Working<00:00:26.439> Families<00:00:27.160> away<00:00:27.400> from

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from ordinary Working Families away from

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from ordinary Working Families away from the<00:00:27.720> government<00:00:28.199> towards<00:00:28.519> the<00:00:28.679> super<00:00:29.000> rich

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the government towards the super rich

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the government towards the super rich then<00:00:29.679> live<00:00:30.160> standards<00:00:30.560> will<00:00:30.759> collapse

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then live standards will collapse

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then live standards will collapse housing<00:00:31.840> will<00:00:32.000> become<00:00:32.200> unaffordable

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housing will become unaffordable

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housing will become unaffordable distribution<00:00:33.320> matters<00:00:34.320> if<00:00:34.399> we're<00:00:34.600> playing

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distribution matters if we're playing

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distribution matters if we're playing chess<00:00:35.640> and<00:00:35.760> you<00:00:35.920> take<00:00:36.120> all<00:00:36.239> of<00:00:36.360> my<00:00:36.480> pieces<00:00:36.800> one

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chess and you take all of my pieces one

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chess and you take all of my pieces one at<00:00:37.040> a<00:00:37.239> time<00:00:37.559> I'm<00:00:37.719> going<00:00:37.800> to<00:00:38.239> lose<00:00:38.520> that<00:00:38.640> chess

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at a time I'm going to lose that chess

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at a time I'm going to lose that chess game<00:00:39.559> that<00:00:39.640> is<00:00:39.760> what<00:00:39.920> I<00:00:40.000> see<00:00:40.200> when<00:00:40.320> I<00:00:40.399> see<00:00:40.600> the

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game that is what I see when I see the

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game that is what I see when I see the economy<00:00:41.320> we've<00:00:41.480> seen<00:00:42.120> government<00:00:43.120> debt

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economy we've seen government debt

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economy we've seen government debt explode<00:00:44.360> we've<00:00:44.520> seen<00:00:44.960> living<00:00:45.280> standards

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explode we've seen living standards

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explode we've seen living standards collapse<00:00:46.199> for<00:00:46.360> all<00:00:46.559> no<00:00:46.719> working<00:00:47.039> people<00:00:47.960> at

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collapse for all no working people at

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collapse for all no working people at the<00:00:48.199> same<00:00:48.480> time<00:00:48.760> the<00:00:49.000> biggest<00:00:49.520> and<00:00:49.840> fastest

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the same time the biggest and fastest

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the same time the biggest and fastest ever<00:00:51.399> increase<00:00:51.879> in<00:00:52.000> the<00:00:52.160> wealth<00:00:52.440> of

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ever increase in the wealth of

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ever increase in the wealth of millionaires<00:00:53.039> and

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millionaires and

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millionaires and billionaires<00:00:54.680> and<00:00:54.800> nobody's<00:00:55.120> connecting

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billionaires and nobody's connecting

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billionaires and nobody's connecting these<00:00:55.680> two<00:00:55.840> things