okay so i want to do one on avocado on toast  actually no that sounds like a joke but um i think  

actually this is an important issue that people  need to understand alright so one thing that i've  

realised recently and i'm sure people watching  would have seen this is a lot of newspapers  

running articles that saying i gave up starbucks  and i gave up avocado on toast for three years  

and then i bought this five hundred thousand pound  flat and the article was always like how i managed  

to buy this £500,000 in London or how i managed to be mortgage-free by the age of 35  

this kind of thing like all stories about how  young people managed to be and get this amazing  

property or manage to have their mortgage right  and it's always you know i really scrimped and  

saved i gave up avocado on toast i stopped going  to starbucks i bought my own packed lunch to work  

and then if you read these articles and  i promise you go and read through them  

you will always see about two thirds of the way  down they just slipped in and then you know i used  

that money plus 200 grand which i borrowed from  my mom and then i bought this property and it's  

always like wait wait a minute wait a minute so  you stopped eating avocado toast and you and but  

also you got 200 grand from your mom and i think  this is important for a couple of reasons firstly  

because one thing that i see amongst my friendship  group right like i went to a grammar school and i  

went to like elite universities so i know some  people from pretty well-off families but i also  

know some people from families that are that  are poor or not well off right and what i see is  

the kids from well our families buy properties  and they get a gift from their parents you know  

it might be 50 grand it might be 150  grand they might be 250 grand right  

because that's what you need to be able to buy  a property in london nowadays or in a lot of  

cities you know what i mean a lot of australian  cities are even worse the amount of money you  

need to get a deposit and um then my kids  from my kids my mates from poorer families  

they see other people buying property and there's  no way they can do it because they can't get the  

deposit they don't understand how are these guys  able to buy property and i'm not and the reason is  

because increasingly the only way to get property  nowadays is to get massive gift from your parents  

and people from poor families don't see that  so the first thing i want to do is open this up  

because these newspapers give a misleading idea  that if you just worked a little harder you just  

saved a little more you can get a property but  the reality if you look at these articles is it's  

almost impossible in many places without a massive  gift from your parents so if there are people out  

there who are watching feeling bad like i can't  afford property it's not what these articles are  

saying the truth is realistically if you're from  the wrong family nowadays it's almost impossible  

to get property that's the first thing but the  second thing is i think it highlights a little  

bit something important about how economics and  media works right like i did an interview other day  

and the person i was up against works for the IEA institute of economic affairs sounds really fancy  

right that's a think tank funded by billionaires  they pay people to go on the radio and say don't  

tax billionaires that's what it is basically and  so much of the media is owned by billionaires  

times owned by billionaires the sun owned by  billionaires talk radio owned by billionaires  

the daily mail owned by billionaires right so all  of these newspapers and all these radio stations  

sky news owned by billionaires they're  all owned by billionaires so obviously  

they are going to send people out  there to say don't tax billionaires  

and bear that in mind whenever you  see what these newspapers say but also

i think they want to give the impression that  things are okay as they are because at the moment  

they don't want things to change but things are  working super well for the billionaires and at  

the moment we have the situation in this country  and also in a lot of countries where for older  

generations who own their own property things  look okay because the property prices have gone up  

and i'll talk a lot about this in my video on  housing but for younger generations they're in  

a situation where it's impossible for them to  purchase property and it's impossible to get  

financial security and to save up the assets  you need to have a pension or to raise a family

but older people often don't see this and as  a result they vote for parties which are not  

doing anything about supporting those people  but if they knew i think if a lot of older  

people realized how difficult situation was the  younger generation they would vote against it but  

the newspapers tell them oh it's okay as long as  they pull their socks up stop buying avocado toast  

stop going to starbucks they'll be okay and get  property but the reality of it is increasingly  

more and more families in this country and  then a lot of countries around the world  

are unable to afford property and these newspapers  are giving a misleading idea like it's just a  

problem of young people being silly but it's not  because house price the average house price in  

london is like 600 grand now and the average  wage is like 30 grand you know you're gonna  

have to stop buying coffee for what like 300 years  or something it's not going to happen right so um  

yeah you know it's about avocado toast but it's  not about avocado toast it's about understanding

that very rich people spend a lot of money to  to give you these ideas about economics and  

understanding that a lot of the economic  messages we receive are biased and often  

they're designed to stop you from pushing back  because the system as it is is working really  

really well for the super rich um and yeah you  know watching other videos where we talk about  

inequality the ones we talk about how taxes are  being raised on working people are not on the rich  

like why is that raising your taxes watch what  as well if i watch the housing video but um

understand that we've got a serious problem here  that will not get better unless we do something  

and a lot of the people in power are not  incentivized to do it so if we want change  

we're to have to make it happen  ourselves so yeah educate yourselves  

watch my videos share the message

let's make things change

so it's intentionally designed national  insurance so that very rich people  

pay a very low percent wealth inequality pushes  house prices up money printing pushes house prices  

up so how's price go through the roof but at the  same time well through equality pushes wages down