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Why billionaires are funding the far right

July 30, 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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Everybody<00:00:00.640> in<00:00:00.880> the<00:00:01.120> street<00:00:01.360> knows<00:00:01.680> the

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Everybody in the street knows the

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Everybody in the street knows the political<00:00:02.240> center<00:00:02.560> has<00:00:02.800> failed.<00:00:03.280> Everybody

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political center has failed. Everybody

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political center has failed. Everybody knows.<00:00:04.160> So<00:00:04.400> something<00:00:04.640> has<00:00:04.880> to<00:00:05.040> change.

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knows. So something has to change.

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knows. So something has to change. There's<00:00:05.600> a<00:00:05.759> quote<00:00:06.000> from<00:00:06.400> Milton<00:00:06.799> Friedman,

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There's a quote from Milton Friedman,

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There's a quote from Milton Friedman, American<00:00:07.600> economist.<00:00:08.160> At<00:00:08.320> times<00:00:08.559> of<00:00:08.720> crisis,

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American economist. At times of crisis,

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American economist. At times of crisis, the<00:00:09.679> new<00:00:09.840> idea<00:00:10.080> will<00:00:10.240> be<00:00:10.400> chosen<00:00:10.719> from<00:00:10.880> the

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the new idea will be chosen from the

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the new idea will be chosen from the ideas<00:00:11.440> lying<00:00:11.599> around<00:00:11.759> at<00:00:12.000> the<00:00:12.080> time.

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ideas lying around at the time.

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ideas lying around at the time. Everybody<00:00:13.120> knows<00:00:13.519> that<00:00:13.759> we<00:00:14.160> will<00:00:14.400> get

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Everybody knows that we will get

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Everybody knows that we will get something<00:00:14.799> new<00:00:14.960> in<00:00:15.200> politics.<00:00:15.839> And<00:00:16.000> it<00:00:16.160> is

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something new in politics. And it is

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something new in politics. And it is really<00:00:16.640> obvious<00:00:16.960> what<00:00:17.119> the<00:00:17.279> loudest<00:00:17.680> idea

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really obvious what the loudest idea

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really obvious what the loudest idea lying<00:00:18.400> around<00:00:18.800> now<00:00:19.039> is,<00:00:19.279> which<00:00:19.520> is<00:00:19.600> the<00:00:19.760> far

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lying around now is, which is the far

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lying around now is, which is the far right.<00:00:20.320> And<00:00:20.480> the<00:00:20.640> second<00:00:20.880> loudest<00:00:21.279> idea<00:00:21.600> is

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right. And the second loudest idea is

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right. And the second loudest idea is us,<00:00:22.240> tax<00:00:22.560> the<00:00:22.720> rich.<00:00:23.119> So<00:00:23.279> if<00:00:23.439> you<00:00:23.519> are<00:00:23.680> a

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us, tax the rich. So if you are a

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us, tax the rich. So if you are a billionaire<00:00:24.480> and<00:00:24.720> you<00:00:24.960> know<00:00:25.279> that<00:00:25.519> politics

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billionaire and you know that politics

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billionaire and you know that politics is<00:00:26.080> going<00:00:26.160> to<00:00:26.320> move<00:00:26.480> either<00:00:26.800> towards<00:00:27.199> the<00:00:27.359> far

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is going to move either towards the far

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is going to move either towards the far right<00:00:27.760> or<00:00:28.000> tax<00:00:28.240> the<00:00:28.400> rich,<00:00:28.720> what<00:00:28.880> are<00:00:28.960> you

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right or tax the rich, what are you

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right or tax the rich, what are you going<00:00:29.119> to<00:00:29.199> do?<00:00:29.439> You<00:00:29.760> are<00:00:29.920> going<00:00:30.000> to<00:00:30.160> fund<00:00:30.480> the

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going to do? You are going to fund the

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going to do? You are going to fund the far<00:00:30.880> right<00:00:31.119> and<00:00:31.359> they<00:00:31.519> are<00:00:31.760> doing<00:00:31.920> it

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far right and they are doing it

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far right and they are doing it aggressively.<00:00:32.719> Look<00:00:32.880> at<00:00:32.960> what<00:00:33.040> Elon<00:00:33.360> Musk<00:00:33.600> is

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aggressively. Look at what Elon Musk is

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aggressively. Look at what Elon Musk is doing.<00:00:34.160> These<00:00:34.480> guys<00:00:34.719> know<00:00:34.880> that<00:00:35.040> they<00:00:35.280> don't

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doing. These guys know that they don't

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doing. These guys know that they don't want<00:00:35.520> to<00:00:35.600> pay<00:00:35.760> high<00:00:36.000> taxes<00:00:36.640> and<00:00:36.800> they<00:00:37.040> are

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want to pay high taxes and they are

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want to pay high taxes and they are correct<00:00:37.680> that<00:00:38.000> the<00:00:38.239> way<00:00:38.399> to<00:00:38.800> prevent<00:00:39.120> yourself

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correct that the way to prevent yourself

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correct that the way to prevent yourself from<00:00:39.600> having<00:00:39.760> to<00:00:39.920> pay<00:00:40.079> high<00:00:40.320> taxes<00:00:40.559> is<00:00:40.800> to

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from having to pay high taxes is to

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from having to pay high taxes is to aggressively<00:00:41.440> fund<00:00:41.600> the<00:00:41.760> far