You<00:00:00.240> will<00:00:00.320> know<00:00:00.480> as<00:00:00.640> well<00:00:00.719> as<00:00:00.880> I<00:00:00.960> do<00:00:01.120> that

You will know as well as I do that

You will know as well as I do that wealth<00:00:01.520> taxes<00:00:01.839> have<00:00:01.920> been<00:00:02.080> tried<00:00:02.240> in<00:00:02.399> a<00:00:02.560> number

wealth taxes have been tried in a number

wealth taxes have been tried in a number of<00:00:02.800> countries.<00:00:03.120> Only<00:00:03.439> Switzerland<00:00:03.919> has<00:00:04.080> stuck

of countries. Only Switzerland has stuck

of countries. Only Switzerland has stuck with<00:00:04.400> it.<00:00:04.560> I<00:00:04.720> mean,<00:00:04.799> they've<00:00:05.040> got<00:00:05.200> no<00:00:05.359> capital

with it. I mean, they've got no capital

with it. I mean, they've got no capital gains<00:00:05.920> tax.<00:00:06.080> They<00:00:06.240> got<00:00:06.319> no<00:00:06.480> inheritance<00:00:06.879> tax.

gains tax. They got no inheritance tax.

gains tax. They got no inheritance tax. They<00:00:07.200> got<00:00:07.279> a<00:00:07.359> slightly<00:00:07.600> different<00:00:07.839> situation.

They got a slightly different situation.

They got a slightly different situation. But<00:00:08.480> most<00:00:08.720> countries<00:00:08.960> have<00:00:09.120> abandoned<00:00:09.519> them

But most countries have abandoned them

But most countries have abandoned them because<00:00:10.400> they<00:00:10.559> they<00:00:10.800> don't<00:00:11.040> bring<00:00:11.200> in<00:00:11.360> that

because they they don't bring in that

because they they don't bring in that much<00:00:11.679> revenue.<00:00:12.160> What<00:00:12.320> makes<00:00:12.480> you<00:00:12.639> think<00:00:12.719> it

much revenue. What makes you think it

much revenue. What makes you think it would<00:00:12.960> be<00:00:13.040> different<00:00:13.280> here?<00:00:13.759> Fiona,<00:00:14.160> we<00:00:14.320> did

would be different here? Fiona, we did

would be different here? Fiona, we did it<00:00:14.480> here.<00:00:14.960> We<00:00:15.120> did<00:00:15.200> it<00:00:15.360> here.<00:00:15.679> We<00:00:15.920> did<00:00:16.000> it<00:00:16.080> here

it here. We did it here. We did it here

it here. We did it here. We did it here in<00:00:16.400> the<00:00:16.480> '<00:00:16.480> 50s,<00:00:16.800> the<00:00:17.039> 60s,<00:00:17.359> the<00:00:17.600> 70s,<00:00:17.920> and

in the ' 50s, the 60s, the 70s, and

in the ' 50s, the 60s, the 70s, and people<00:00:18.320> like<00:00:18.480> my<00:00:18.720> dad,<00:00:19.039> people<00:00:19.199> like<00:00:19.359> my

people like my dad, people like my

people like my dad, people like my granddad,<00:00:19.840> who<00:00:19.920> was<00:00:20.000> a<00:00:20.160> bus<00:00:20.320> conductor,<00:00:20.880> were

granddad, who was a bus conductor, were

granddad, who was a bus conductor, were able<00:00:21.359> to<00:00:21.520> buy<00:00:21.760> houses,<00:00:22.320> have<00:00:22.560> financial

able to buy houses, have financial

able to buy houses, have financial security,<00:00:23.600> have<00:00:23.760> pensions,<00:00:24.240> have

security, have pensions, have

security, have pensions, have retirements,<00:00:24.800> go<00:00:24.880> on<00:00:25.039> holidays.<00:00:25.439> We<00:00:25.600> did<00:00:25.680> it

retirements, go on holidays. We did it

retirements, go on holidays. We did it here.<00:00:26.080> We<00:00:26.240> did<00:00:26.320> it<00:00:26.400> here.<00:00:26.560> And<00:00:26.720> we're<00:00:26.800> losing

here. We did it here. And we're losing

here. We did it here. And we're losing that<00:00:27.199> now<00:00:27.519> because<00:00:27.680> we're<00:00:27.840> not<00:00:28.000> taxing<00:00:28.320> the

that now because we're not taxing the

that now because we're not taxing the rich.<00:00:28.800> The<00:00:28.960> rich<00:00:29.119> are<00:00:29.279> getting<00:00:29.439> richer.<00:00:29.679> and

rich. The rich are getting richer. and

rich. The rich are getting richer. and ordinary<00:00:30.320> families<00:00:30.640> are<00:00:30.880> losing<00:00:31.039> the<00:00:31.279> ability

ordinary families are losing the ability

ordinary families are losing the ability to<00:00:32.079> buy<00:00:32.320> houses,<00:00:32.800> have<00:00:32.960> kids.<00:00:33.440> We<00:00:33.600> can<00:00:33.680> do<00:00:33.760> it.

to buy houses, have kids. We can do it.

to buy houses, have kids. We can do it. We've<00:00:34.079> done<00:00:34.239> it<00:00:34.399> before.