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Who benefits from tax loopholes?

March 31, 2025
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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when<00:00:00.359> the<00:00:00.480> second<00:00:00.719> home<00:00:00.880> stamp<00:00:01.120> Duty<00:00:01.319> tax<00:00:01.520> was

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when the second home stamp Duty tax was

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when the second home stamp Duty tax was brought<00:00:01.839> in<00:00:02.080> I<00:00:02.200> was<00:00:02.360> very<00:00:02.560> surprised<00:00:03.040> because

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brought in I was very surprised because

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brought in I was very surprised because I<00:00:03.280> didn't<00:00:03.439> think<00:00:03.600> the<00:00:03.679> conservatives<00:00:04.160> were

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I didn't think the conservatives were

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I didn't think the conservatives were tax<00:00:04.520> rich<00:00:04.759> people<00:00:05.279> I<00:00:05.359> looked<00:00:05.640> into<00:00:05.879> it<00:00:06.279> there

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tax rich people I looked into it there

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tax rich people I looked into it there was<00:00:06.520> an<00:00:06.680> exemption<00:00:07.200> for<00:00:07.439> people<00:00:07.680> who<00:00:07.799> bought

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was an exemption for people who bought

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was an exemption for people who bought seven<00:00:08.440> or<00:00:08.599> more<00:00:08.840> Homes<00:00:09.240> at<00:00:09.400> once<00:00:10.200> and<00:00:10.320> then

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seven or more Homes at once and then

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seven or more Homes at once and then Jeremy<00:00:10.800> Hunt<00:00:11.160> went<00:00:11.440> and<00:00:11.599> bought<00:00:11.920> seven<00:00:12.240> homes

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Jeremy Hunt went and bought seven homes

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Jeremy Hunt went and bought seven homes listen<00:00:13.160> I<00:00:13.639> understand<00:00:14.120> it<00:00:14.200> is<00:00:14.559> difficult<00:00:14.639> to

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listen I understand it is difficult to

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listen I understand it is difficult to tax<00:00:15.080> rich<00:00:15.280> people<00:00:15.679> because<00:00:16.000> politicians<00:00:16.560> are

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tax rich people because politicians are

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tax rich people because politicians are rich<00:00:17.039> people<00:00:17.520> and<00:00:17.640> they're<00:00:17.800> funded<00:00:18.160> by<00:00:18.320> rich

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rich people and they're funded by rich

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rich people and they're funded by rich people<00:00:18.960> and<00:00:19.039> they<00:00:19.199> put<00:00:19.320> loopholes<00:00:19.800> in<00:00:19.880> the

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people and they put loopholes in the

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people and they put loopholes in the system<00:00:20.320> that<00:00:20.439> mean<00:00:20.640> rich<00:00:20.800> people<00:00:21.000> don't<00:00:21.160> pay

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system that mean rich people don't pay

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system that mean rich people don't pay them<00:00:21.480> and<00:00:21.560> it<00:00:21.680> ends<00:00:21.880> up<00:00:22.039> being<00:00:22.240> paid<00:00:22.439> by

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them and it ends up being paid by

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them and it ends up being paid by working<00:00:22.920> people<00:00:23.439> that<00:00:23.560> doesn't<00:00:23.760> mean<00:00:23.880> we

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working people that doesn't mean we

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working people that doesn't mean we don't<00:00:24.240> do<00:00:24.320> it<00:00:25.039> I'm<00:00:25.119> not<00:00:25.199> sure<00:00:25.400> that's<00:00:25.840> question

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don't do it I'm not sure that's question

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don't do it I'm not sure that's question and<00:00:26.720> I<00:00:26.800> have<00:00:26.920> no<00:00:27.039> idea<00:00:27.199> if<00:00:27.279> Jeremy<00:00:27.560> Hunt<00:00:27.760> did

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and I have no idea if Jeremy Hunt did

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and I have no idea if Jeremy Hunt did buy<00:00:27.960> seven<00:00:28.160> homes<00:00:28.359> in<00:00:28.519> Stead<00:00:28.840> but<00:00:29.000> you<00:00:29.080> know<00:00:29.400> I

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buy seven homes in Stead but you know I

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buy seven homes in Stead but you know I appreci<00:00:30.000> it's