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WILL THE MIDDLE-CLASS BE WIPED OUT?

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WILL THE MIDDLE-CLASS BE WIPED OUT?

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52 segments

0:00

There is literally no example on planet

0:02

Earth of a high functioning society

0:05

without big government.

0:06

>> not true. Big government is sucking the

0:08

life out of more businesses. And I spent

0:11

countless hours with businesses. And

0:13

they're like, "You can't succeed in the

0:14

UK. As soon as you earn anything,

0:16

they'll just tax it off you."

0:17

>> So, pop off to Dubai, run the business

0:20

virtually, and pay no tax. It's idiotic.

0:23

I I don't know how you can look at that

0:24

and think this is a good system.

0:26

>> No, no, I'm saying what needs to happen

0:27

is reduce the taxes and the pressure on

0:29

the small businesses. Cuz everyone in

0:31

this economy needs to own stuff. We need

0:33

to own a house, own a business, and own

0:35

shares.

0:35

>> But not everybody can be an

0:36

entrepreneur.

0:37

>> Correct. Look, it would be wonderful if

0:39

everybody owned something. But ownership

0:41

starts with earning enough money so that

0:43

you can save money so that you can begin

0:45

to own something. So, the problem is

0:46

wages. Because most people want to be

0:48

able to go to work and be treated

0:50

decently, own or earn enough money so

0:53

that I can feel secure. I just want to

0:55

be married, have kids, own a house.

0:57

>> All that. That's what most people

0:58

>> that, and I want that for everyone.

1:00

That's gone away. Houses are

1:02

unaffordable. Local jobs don't exist.

1:04

Technology has cut out all the middle

1:06

men. No one's paying healthy wages. We

1:08

have the most unhappy population. And if

1:10

you want to fix that, you have to enact

1:12

this.

1:13

>> This.

1:13

>> Well, I've seen Nick's policies

1:14

implemented, and I don't feel it's

1:16

enough.

1:16

>> You haven't seen all of the policies, so

1:18

>> But we need people to know that the

1:19

rules that we grew up with have changed,

1:21

and people have to learn the rules of

1:23

this new economy.

1:24

>> Yes, yes, yes, I totally agree. And if

1:26

you want to get the economy back on

1:28

track, the starting point is

Interactive Summary

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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