← Back to all transcripts

You probably won't get rich. But you don't need to

April 14, 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
00:00:00

success<00:00:00.719> is<00:00:00.960> like<00:00:01.199> 85<00:00:01.760> 90%<00:00:02.240> who<00:00:02.399> your<00:00:02.560> dad<00:00:02.720> is

00:00:02

success is like 85 90% who your dad is

00:00:02

success is like 85 90% who your dad is now.<00:00:03.360> I'm<00:00:03.600> sorry<00:00:04.080> to<00:00:04.319> say<00:00:04.480> that,<00:00:04.640> but<00:00:04.880> that's

00:00:05

now. I'm sorry to say that, but that's

00:00:05

now. I'm sorry to say that, but that's the<00:00:05.200> truth.<00:00:05.520> The<00:00:05.680> reason<00:00:05.839> I<00:00:06.000> want<00:00:06.160> people<00:00:06.400> to

00:00:06

the truth. The reason I want people to

00:00:06

the truth. The reason I want people to know<00:00:06.799> that<00:00:07.279> is<00:00:07.520> not<00:00:07.680> because<00:00:07.839> I<00:00:08.000> want<00:00:08.080> them<00:00:08.240> to

00:00:08

know that is not because I want them to

00:00:08

know that is not because I want them to give<00:00:08.559> up<00:00:08.720> and<00:00:08.960> not<00:00:09.120> work<00:00:09.360> hard,<00:00:09.920> but<00:00:10.160> because

00:00:10

give up and not work hard, but because

00:00:10

give up and not work hard, but because the<00:00:10.639> reality<00:00:10.960> is<00:00:11.200> if<00:00:11.440> you<00:00:11.599> come<00:00:11.759> from<00:00:11.840> a<00:00:12.080> poor

00:00:12

the reality is if you come from a poor

00:00:12

the reality is if you come from a poor background,<00:00:13.200> it<00:00:13.440> is<00:00:13.759> very,<00:00:14.000> very<00:00:14.320> difficult

00:00:14

background, it is very, very difficult

00:00:14

background, it is very, very difficult to<00:00:14.960> even<00:00:15.280> be<00:00:15.440> able<00:00:15.839> to<00:00:16.080> buy<00:00:16.240> a<00:00:16.480> home<00:00:16.640> and<00:00:16.880> afford

00:00:17

to even be able to buy a home and afford

00:00:17

to even be able to buy a home and afford a<00:00:17.359> family.<00:00:18.320> And<00:00:18.560> I<00:00:18.720> want<00:00:18.880> people<00:00:19.039> to<00:00:19.199> know<00:00:19.439> that

00:00:19

a family. And I want people to know that

00:00:19

a family. And I want people to know that because<00:00:20.000> I<00:00:20.240> want<00:00:20.400> young<00:00:20.720> men<00:00:21.039> to<00:00:21.279> go<00:00:21.520> out

00:00:21

because I want young men to go out

00:00:21

because I want young men to go out there,<00:00:22.320> work<00:00:22.560> their<00:00:22.800> hardest<00:00:23.279> and<00:00:23.600> recognize

00:00:24

there, work their hardest and recognize

00:00:24

there, work their hardest and recognize that<00:00:24.320> if<00:00:24.480> they<00:00:24.640> are<00:00:24.800> able<00:00:25.039> to<00:00:25.199> buy<00:00:25.359> a<00:00:25.600> house<00:00:26.000> and

00:00:26

that if they are able to buy a house and

00:00:26

that if they are able to buy a house and support<00:00:26.480> a<00:00:26.720> family<00:00:27.199> from<00:00:27.439> a<00:00:27.680> poor<00:00:27.920> ordinary

00:00:28

support a family from a poor ordinary

00:00:28

support a family from a poor ordinary background,<00:00:29.039> they<00:00:29.279> are<00:00:29.439> doing<00:00:29.679> really<00:00:30.000> well.

00:00:30

background, they are doing really well.

00:00:30

background, they are doing really well. They<00:00:30.640> are<00:00:30.800> doing<00:00:31.039> really<00:00:31.359> really<00:00:31.359> really

00:00:31

They are doing really really really

00:00:31

They are doing really really really well.<00:00:32.079> Because<00:00:32.320> I<00:00:32.480> think<00:00:32.640> this<00:00:32.880> message<00:00:33.840> that

00:00:34

well. Because I think this message that

00:00:34

well. Because I think this message that tells<00:00:34.559> young<00:00:34.880> people<00:00:35.600> you<00:00:35.920> are<00:00:36.079> what<00:00:36.239> you

00:00:36

tells young people you are what you

00:00:36

tells young people you are what you make,<00:00:37.040> you<00:00:37.200> you<00:00:37.520> get<00:00:37.680> out<00:00:37.760> what<00:00:37.920> you<00:00:38.079> put<00:00:38.160> in

00:00:38

make, you you get out what you put in

00:00:38

make, you you get out what you put in and<00:00:38.719> then<00:00:38.879> gives<00:00:39.120> all<00:00:39.280> the<00:00:39.440> money<00:00:39.600> and<00:00:39.840> all<00:00:40.000> the

00:00:40

and then gives all the money and all the

00:00:40

and then gives all the money and all the wealth<00:00:40.399> to<00:00:40.640> people<00:00:40.800> from<00:00:41.040> rich<00:00:41.360> families<00:00:41.680> who

00:00:41

wealth to people from rich families who

00:00:41

wealth to people from rich families who then<00:00:42.079> go<00:00:42.160> and<00:00:42.320> post<00:00:42.480> it<00:00:42.559> on<00:00:42.719> Instagram<00:00:43.440> is

00:00:43

then go and post it on Instagram is

00:00:43

then go and post it on Instagram is making<00:00:44.000> our<00:00:44.239> young<00:00:44.480> men<00:00:44.719> feel<00:00:44.879> like<00:00:45.040> absolute.

00:00:46

making our young men feel like absolute.

00:00:46

making our young men feel like absolute. It's<00:00:46.320> making<00:00:46.640> a<00:00:46.719> young<00:00:46.879> men<00:00:47.039> feel<00:00:47.200> like<00:00:47.360> and

00:00:47

It's making a young men feel like and

00:00:47

It's making a young men feel like and we're<00:00:47.680> lying<00:00:47.840> to<00:00:48.000> them.<00:00:48.239> Listen,<00:00:49.200> the<00:00:49.440> truth

00:00:49

we're lying to them. Listen, the truth

00:00:49

we're lying to them. Listen, the truth is<00:00:50.000> we've<00:00:50.320> kind<00:00:50.559> of<00:00:50.640> broken<00:00:50.960> society<00:00:51.360> now.<00:00:51.600> And

00:00:51

is we've kind of broken society now. And

00:00:51

is we've kind of broken society now. And if<00:00:51.920> you<00:00:52.000> come<00:00:52.160> from<00:00:52.239> a<00:00:52.480> poor<00:00:52.719> background,<00:00:53.360> it's

00:00:53

if you come from a poor background, it's

00:00:53

if you come from a poor background, it's almost<00:00:54.000> impossible<00:00:54.399> for<00:00:54.559> you<00:00:54.719> to<00:00:54.879> ever<00:00:55.120> be

00:00:55

almost impossible for you to ever be

00:00:55

almost impossible for you to ever be rich.<00:00:55.760> But<00:00:55.920> it<00:00:56.160> is<00:00:56.320> possible<00:00:57.039> for<00:00:57.280> you<00:00:57.440> to<00:00:57.600> have

00:00:57

rich. But it is possible for you to have

00:00:57

rich. But it is possible for you to have a<00:00:57.920> family,<00:00:58.559> protect<00:00:58.879> that<00:00:59.199> family,<00:00:59.760> support

00:01:00

a family, protect that family, support

00:01:00

a family, protect that family, support that<00:01:00.399> family,<00:01:00.879> and<00:01:01.120> live<00:01:01.280> a<00:01:01.440> dignified<00:01:02.000> life

00:01:02

that family, and live a dignified life

00:01:02

that family, and live a dignified life where<00:01:02.399> you<00:01:02.559> are<00:01:02.719> proud<00:01:02.960> of<00:01:03.199> yourself<00:01:03.440> and<00:01:03.680> what

00:01:03

where you are proud of yourself and what

00:01:03

where you are proud of yourself and what you<00:01:04.000> achieve.<00:01:04.479> So<00:01:04.720> what<00:01:04.879> I<00:01:04.960> want<00:01:05.119> young<00:01:05.360> people

00:01:05

you achieve. So what I want young people

00:01:05

you achieve. So what I want young people to<00:01:05.680> realize<00:01:06.000> is<00:01:06.320> yes,<00:01:07.040> social<00:01:07.360> mobility<00:01:07.760> has

00:01:07

to realize is yes, social mobility has

00:01:08

to realize is yes, social mobility has been<00:01:08.159> destroyed.<00:01:08.720> And<00:01:08.960> yes,<00:01:09.439> if<00:01:09.680> you<00:01:09.760> are<00:01:09.920> from

00:01:10

been destroyed. And yes, if you are from

00:01:10

been destroyed. And yes, if you are from a<00:01:10.240> poor<00:01:10.479> background,<00:01:10.960> that<00:01:11.200> makes<00:01:11.439> it<00:01:11.600> maybe

00:01:11

a poor background, that makes it maybe

00:01:11

a poor background, that makes it maybe impossible<00:01:12.240> for<00:01:12.400> you<00:01:12.479> to<00:01:12.640> get<00:01:12.799> rich,<00:01:13.119> but<00:01:13.360> that

00:01:13

impossible for you to get rich, but that

00:01:13

impossible for you to get rich, but that doesn't<00:01:13.760> mean<00:01:13.920> your<00:01:14.159> life<00:01:14.320> is<00:01:14.479> over.<00:01:14.880> There

00:01:15

doesn't mean your life is over. There

00:01:15

doesn't mean your life is over. There are<00:01:15.360> important<00:01:15.760> things<00:01:16.159> that<00:01:16.400> you<00:01:16.560> can

00:01:16

are important things that you can

00:01:16

are important things that you can achieve<00:01:17.119> that<00:01:17.280> you<00:01:17.439> can<00:01:17.600> do<00:01:17.840> for<00:01:18.080> yourself<00:01:18.400> and

00:01:18

achieve that you can do for yourself and

00:01:18

achieve that you can do for yourself and your<00:01:18.799> family<00:01:18.960> and<00:01:19.119> for<00:01:19.280> the<00:01:19.360> people<00:01:19.520> you<00:01:19.680> care