WILL THE MIDDLE-CLASS BE WIPED OUT?
52 segments
There is literally no example on planet
Earth of a high functioning society
without big government.
>> not true. Big government is sucking the
life out of more businesses. And I spent
countless hours with businesses. And
they're like, "You can't succeed in the
UK. As soon as you earn anything,
they'll just tax it off you."
>> So, pop off to Dubai, run the business
virtually, and pay no tax. It's idiotic.
I I don't know how you can look at that
and think this is a good system.
>> No, no, I'm saying what needs to happen
is reduce the taxes and the pressure on
the small businesses. Cuz everyone in
this economy needs to own stuff. We need
to own a house, own a business, and own
shares.
>> But not everybody can be an
entrepreneur.
>> Correct. Look, it would be wonderful if
everybody owned something. But ownership
starts with earning enough money so that
you can save money so that you can begin
to own something. So, the problem is
wages. Because most people want to be
able to go to work and be treated
decently, own or earn enough money so
that I can feel secure. I just want to
be married, have kids, own a house.
>> All that. That's what most people
>> that, and I want that for everyone.
That's gone away. Houses are
unaffordable. Local jobs don't exist.
Technology has cut out all the middle
men. No one's paying healthy wages. We
have the most unhappy population. And if
you want to fix that, you have to enact
this.
>> This.
>> Well, I've seen Nick's policies
implemented, and I don't feel it's
enough.
>> You haven't seen all of the policies, so
>> But we need people to know that the
rules that we grew up with have changed,
and people have to learn the rules of
this new economy.
>> Yes, yes, yes, I totally agree. And if
you want to get the economy back on
track, the starting point is
Ask follow-up questions or revisit key timestamps.
The video features a discussion about the role of government, taxes, and the changing landscape of the economy. The speakers debate the impact of big government on businesses in the UK and explore the challenges of wage stagnation, housing affordability, and the shift in economic rules that affect the average person's ability to achieve financial security.
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