Rishi Sunak's £650 million is a 'cause for concern' for democracy | LBC

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LBC

LBC

24 күн бұрын

Published on Friday, the Sunday Times Rich List reveals the largest fall in the UK's billionaires in the guide's history.
Rishi Sunak has overtaken the King in the latest Rich List, with the personal fortune of the Prime Minister and his wife Akshata Murty soaring by over £120 million.
This brings their total worth to £651 million, according to the newspaper's calculations.
The list also includes Sir Paul McCartney, JK Rowling, Elton John, and the Beckhams.
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Пікірлер: 800
@brianferguson7840
@brianferguson7840 22 күн бұрын
The poor never "WILL" have enough !! Because the rich never "CAN" have enough !! 😢😢
@madshorn5826
@madshorn5826 22 күн бұрын
You are assuming that what the rich prefer is relevant here. As their greed is ruining our biosphere we have to protect them from themselves. After all it is not fun to be king of an ash hill. Highly progressive wealth taxation, cap on pay differences and a ban on compounded interests will be a start.
@mrwidestrides4802
@mrwidestrides4802 21 күн бұрын
Very well said
@smudj8181
@smudj8181 21 күн бұрын
This is why I view excessive wealth as a literal mental health problem. We call people who store belongings hoarders...
@keithpanton7486
@keithpanton7486 21 күн бұрын
@@smudj8181 I forget who said it, but it was along the lines of 'if a monkey hoarded all the food and left his peers to starve, scientists would be studying what's wrong with him. When the wealthy do it, we put them on the front cover of Forbes magazine' After ten million quid, it's all just a game, they want to score better than the kid who was more success, so they didn't like, at Eton
@kanedNunable
@kanedNunable 20 күн бұрын
@@smudj8181 in nature, animals who horde resources are killed by the other animals. just saying... ;)
@ignoranceisbliss6259
@ignoranceisbliss6259 22 күн бұрын
Small wonder Sunak keeps telling us: "The plan is working..."
@timwoodger7896
@timwoodger7896 22 күн бұрын
It is for him and his ilk.
@toadinthehole8085
@toadinthehole8085 22 күн бұрын
As he rubs his has with a evil giggle.
@In_Paradiso58
@In_Paradiso58 21 күн бұрын
He thought he had a 'cunning plan', turns out the people can see straight through it...
@carlbland68
@carlbland68 20 күн бұрын
@@timwoodger7896 his plan is working its just not the same plan lol
@alexanderde-sowah857
@alexanderde-sowah857 20 күн бұрын
No it’s working for hard working brits. My mate just became a millionaire last week.
@gchelem
@gchelem 22 күн бұрын
Tax him 95%. Sunak is a crook.
@user-lg8pp8gl2v
@user-lg8pp8gl2v 22 күн бұрын
Your most likely right but what percent of your people are just like him? 5,10,20 or more
@neilmishra5328
@neilmishra5328 22 күн бұрын
He’s a crook cos he’s rich 😂😂
@VPhantom-rf3qo
@VPhantom-rf3qo 22 күн бұрын
Then he'll leave and we'll get 0% of his tax money
@madshorn5826
@madshorn5826 22 күн бұрын
​@@VPhantom-rf3qo That can be fixed with a wealth tax. He is not needed if his money stays in GB.
@kwanchan6745
@kwanchan6745 22 күн бұрын
@@neilmishra5328 no, he is rich because he is a crook
@jujitsujew23
@jujitsujew23 22 күн бұрын
Completely agree that billionaires shouldn’t exist. If you spent 10 thousand per day, every day, every year…it would take over 200 years to spend a billion. NOBODY needs that much money
@ruthguthrie1099
@ruthguthrie1099 22 күн бұрын
Well stated!!
@joshyman221
@joshyman221 22 күн бұрын
I just don’t think you understand economics I’m sorry. These people don’t just have 1 billion in a bank account. They basically just own successful companies. If you don’t like their companies that’s fine but the companies earn a lot of money because many people willingly give them it. The only case where I think there is cause for complaint on wealth is real estate.
@_KRYMZN_
@_KRYMZN_ 22 күн бұрын
@@joshyman221 people willingly give their money to the companies; due to the pay structure within said companies, some people get billions in bonus payouts and dividends, while others (usually those who actually *make the products* or *conduct the services* for which the companies are paid) are paid pittance comparatively, struggle to own homes and are forced to use food banks.
@jujitsujew23
@jujitsujew23 22 күн бұрын
@@joshyman221lmao where did I say they have it all in a bank account? Houses, land, yachts, art, stocks, cars…and yes, they will have many many millions that are liquid. They also use their assets to get loans and avoid tax aka “the billionaire borrowing loophole”. I know both economics and how the world works. Great job assuming I don’t 👏🏻 👏🏻 👏🏻
@everettbr
@everettbr 22 күн бұрын
@@joshyman221 "billionaires don't actually have all that money" what a cope. they have a lot more. they have the leverage to get any amount of cash out of a bank. they control the livelihoods of countless people. they sit on hundreds of properties. they can make politicians do their bidding, completely disregarding democracy. laws of the little people don't concern them. but here you are, saying that they really don't have that much and whatever they have is actually just the fault of regular people. got propagandised much?
@DeltaV-sayno2CCP
@DeltaV-sayno2CCP 22 күн бұрын
Poverty getting worse in UK. This road will ruin more families while the rich get richer.
@YousufD-Acrease
@YousufD-Acrease 22 күн бұрын
Is this a potholes pun 👏🏻
@therealrobertbirchall
@therealrobertbirchall 22 күн бұрын
The plan since 1979.
@LWQ15881
@LWQ15881 22 күн бұрын
@@therealrobertbirchallI believe so too. The entire neoliberal agenda was about taking power away from the people and it’s been extremely potent in its effectiveness via propaganda through the media which is monopolised by the right they’re able to completely steer public opinion is that really rule by mass like democracy claims?
@Leigh-ry3yb
@Leigh-ry3yb 22 күн бұрын
​​@@therealrobertbirchallNeo liberalism.
@factstrumpprejudice6740
@factstrumpprejudice6740 22 күн бұрын
Capitalism cannot be made to work in the interest of workers and will not be voted away
@MonkeyHill1955
@MonkeyHill1955 22 күн бұрын
The question is "Why do the the plebians vote for the wealthy?"
@waynereid9471
@waynereid9471 22 күн бұрын
Only thing they have ever known Check your history, when have the poor not been ruled by the rich?
@anthonythompson1680
@anthonythompson1680 21 күн бұрын
They vote on culture war issues, against their own interests.
@SamoIsKing
@SamoIsKing 20 күн бұрын
They dangle enough carrots to convince the top 1% that they can become super rich if they try a bit harder, then the 1% do the same to the top 10%, then to the middle classes, to the working classes, to the lower classes. They perpetuate this myth that hard work = financial reward. Partly because it makes them feel like they’ve achieved something, and partly because it keeps the wool over peoples eyes.
@kanedNunable
@kanedNunable 20 күн бұрын
@@waynereid9471 every time labour get in. some are rich but not many.
@user-bk8tx8pt4w
@user-bk8tx8pt4w 19 күн бұрын
They don't it's the city of London the only vote plebs get is locals our pm vote means nothing
@CammyBouse
@CammyBouse 22 күн бұрын
The biggest issue isn't even that people are billionaires, it's that they don't spend the wealth that they hoard and don't pay the correct taxes either.
@arghjayem
@arghjayem 22 күн бұрын
It’s not that they don’t spend their wealth, it’s that’s there is only so much one billionaire can buy. Someone with a billion pounds you could spend 10k everyday of the year and it would take them almost 274 years to spend a billion!
@rve420
@rve420 22 күн бұрын
@@arghjayem "it’s that’s there is only so much one billionaire can buy." Which is why they buy politicians. They have so much money that corruption is just the cost of doing business.
@madshorn5826
@madshorn5826 22 күн бұрын
That is an economic issue. There are even worse consequences of inequality like ruining democracy and the biosphere.
@rajivsawney1789
@rajivsawney1789 22 күн бұрын
What they buy is assets, like property pushing up prices, or earn interest, or in shares to get dividends. They push up the price and then want a greater return on the money they spend. That causes inflation as companies raise prices to justify their valuation.
@thecheesefactor
@thecheesefactor 19 күн бұрын
Taxes on the ultra-rich need to increase.
@organicwest
@organicwest 22 күн бұрын
Fascism begins the moment a ruling class, fearing the people may use their political democracy to gain economic democracy, begins to destroy political democracy in order to retain its power of exploitation and special privilege. -Tommy Douglas
@Stephen0988
@Stephen0988 22 күн бұрын
That is where we are now
@MrWhitmen1981
@MrWhitmen1981 22 күн бұрын
That’s the problem the political left is a vehicle for the oil rich gulf states to exert control over western society.
@VPhantom-rf3qo
@VPhantom-rf3qo 22 күн бұрын
That's someone who doesn't understand fascism. Fascism is as against capitalism as communism is, hence why people like Mosley were in the labour cabinet
@aion5837
@aion5837 21 күн бұрын
That isn't the definition of fascism. When fascists forced the banks to offer 0% interest on loans whose interests were they working on behalf of? What we have is a facade of democracy. Neo-liberalism couldn't function under any other system. What was that idiot saying about the 'power of exploitation'? We already HAVE it.
@aion5837
@aion5837 21 күн бұрын
@@Stephen0988 It's called neo-liberalism. It has nothing in common with fascism.
@shaz7132
@shaz7132 22 күн бұрын
People should not be rich enough to exploit rent from workers, or rich enough to harm the infrastructure of society that we all rely on.
@alexanderde-sowah857
@alexanderde-sowah857 20 күн бұрын
If the rich do not build the homes, the poor would have to live in the streets
@shaz7132
@shaz7132 20 күн бұрын
@@alexanderde-sowah857 State built homes are better, and not all building companies are equel some are more corrupt and tax dodging than other's. Some build to small and to low quality homes...... and it's getting worse. So alexander you are wrong.
@shaz7132
@shaz7132 15 күн бұрын
@AshPatrickPatrick-jr7ye most people even rent their car and phone, interest is another form of rent. The Water company wants billions for not giving a service because the money goes to share holders, we rent the bad servicer's. You can rent A.I services on line you pay a subscription charge but you do not own... you will be renting your toothbrush in the future.
@MegaPoliyo
@MegaPoliyo 22 күн бұрын
Gary stevenson explains the economics of this so well! We need to tax the rich or the problem will get worse and worse despite GDP.
@hayleyxyz
@hayleyxyz 22 күн бұрын
His explanation of the redistribution of wealth during COVID belew my mind.. even if in hindsight it should be obvious
@samb3783
@samb3783 22 күн бұрын
He's great.
@Lucy-ie8rd
@Lucy-ie8rd 22 күн бұрын
Gary waterman has a lot to say too
@VPhantom-rf3qo
@VPhantom-rf3qo 22 күн бұрын
So what's your solution when they all move to tax havens?
@markwelch3564
@markwelch3564 22 күн бұрын
​@VPhantom-rf3qo firstly, tax assets. Can't move that house to a tax haven! Second, embrace at least 5% inflation as a deliberate policy choice. Make sure wages keep pace so ordinary people don't see a change in living standards Meanwhile, that wealth stashed in the tax haven is losing purchasing power. The longer it's hiding, the more power it loses
@CammyBouse
@CammyBouse 22 күн бұрын
Personally, I don't think a millionaire should be allowed to be PM, let alone someone with hundreds of millions.
@arghjayem
@arghjayem 22 күн бұрын
Not only PM but MPs too! I mean you have multimillionaires in charge of how much tax multimillionaires pay. You have landlords who own multiple properties in charge of tenant rights and house building etc etc. It’s corruption.
@kendiamond8722
@kendiamond8722 22 күн бұрын
That been happening for ever, it's not a new thing 😮 it's their system for them and you are not allowed in 😂
@kendiamond8722
@kendiamond8722 22 күн бұрын
So stop talking as if it's just occurred because he's brown and rich 😮
@madshorn5826
@madshorn5826 22 күн бұрын
Barring certain people from politics is never a solution. The problem that needs fixing is obscenely rich people existing in the first place. They certainly should be allowed to be people, just not to have disproportionate amounts of power, i.e. money.
@Stephen0988
@Stephen0988 21 күн бұрын
@@kendiamond8722 He looks white to every greedy Tory
@Human_Herbivore
@Human_Herbivore 22 күн бұрын
It's not even trickle up economics, it's rocket up.
@frankpaterson9786
@frankpaterson9786 22 күн бұрын
"Charity is a cold grey loveless thing.If a rich man wants to help the poor,he should pay his taxes gladly, not dole out money at a whim".....Clement Attlee,
@dcanes5720
@dcanes5720 12 күн бұрын
Charity benefits no one … especially those who need the money
@blink93221
@blink93221 22 күн бұрын
And sunak has been pushing contracts to his family business to make them even richer, The reason they want to turn PIP from money to vouchers is because who do you think the vouchers will be for ? Infosys ?
@marktucker208
@marktucker208 22 күн бұрын
I don’t disagree but I can guarantee at least half of the MPs are millionaires. That’s why they end up living in a different world than us.
@strikeforcealpha9343
@strikeforcealpha9343 22 күн бұрын
It’s grotesque, whoever thought putting him in charge.
@thecheesefactor
@thecheesefactor 19 күн бұрын
With Cameron and co. the Tories were wearing a mask. The failures on almost every metric you can think of today embodies who they were all the time. Austerity was a failed economic experiment on ourselves that started around 2011. Over a decade of attacking the working class and the richest MP in charge. Not a coincidence.
@user-pf2vg2mp8r
@user-pf2vg2mp8r 22 күн бұрын
Woody Guthrie, "A fool robs you with a gun and a clever man with a pen ".
@danmayberry1185
@danmayberry1185 22 күн бұрын
Also Guthrie: Beach Haven is Trump’s Tower Where no black folks come to roam, No, no, Old Man Trump!
@jamesrowden303
@jamesrowden303 22 күн бұрын
@@danmayberry1185 Lol, that works even now, despite it being about the cause of Donald. How apposite.
@mryorkshire3623
@mryorkshire3623 22 күн бұрын
There's enough for everybody's needs but not everybody's greed's.
@ruthguthrie1099
@ruthguthrie1099 22 күн бұрын
Exactly!
@manveersandhu4262
@manveersandhu4262 21 күн бұрын
Agreed
@stormytempest6521
@stormytempest6521 21 күн бұрын
HERE HERE.👍
@harrygrosomanidis9699
@harrygrosomanidis9699 19 күн бұрын
Gandhi!!
@dianap6264
@dianap6264 21 күн бұрын
If British people keep voting Tory what do they expect?
@kezzakemble2138
@kezzakemble2138 21 күн бұрын
The joke is a billionaire saying the country can’t afford to help people on pip no more and the other joke is him saying how people on benefits will loose benefits if they don’t look for better paid jobs
@Alex-cw3rz
@Alex-cw3rz 22 күн бұрын
Exactly we should tax wealth rather than work.
@Craig121000
@Craig121000 21 күн бұрын
You'll be stopped from getting your way.
@leeantoniades8744
@leeantoniades8744 19 күн бұрын
Tax both but fairly
@seancrowe3353
@seancrowe3353 19 күн бұрын
Then why would anyone work if they can't accumulate wealth? Lol
@thecheesefactor
@thecheesefactor 19 күн бұрын
The failure to tax wealth disincentivises work as pay falls. That's why UK growth is down. Working people are losing hope and working less, with 8 million on NHS waiting lists some who could be working if they could get their surgery, etc. The Tories are imposing their ideology but it's certainly not what's best for Britain. It's old school trickle-down economics of the 80s. Why do we do this to ourselves? Stop voting Tory.
@thecrimsondragon9744
@thecrimsondragon9744 16 күн бұрын
Income taxes can be lowered a little while capital gains taxes need to be increased massively. They also need to be much more stringent and rigorous to prevent tax evasion.
@deltaman1804
@deltaman1804 22 күн бұрын
Many of these millionaires/billionaires employ people on minimum wage which is then topped up by the benefit system so we are subsidising their workforce and they are taking the profit
@kanedNunable
@kanedNunable 20 күн бұрын
rishi paid under 1% tax on that income too.
@FRAZZLAAR96
@FRAZZLAAR96 22 күн бұрын
Oli Dugmore what a legend... Best presenter on here
@jamesrowden303
@jamesrowden303 22 күн бұрын
Nah, that's James, at least he can muster up an emotional response. Oli is smug and public school robotic.
@briddie5996
@briddie5996 21 күн бұрын
@@jamesrowden303 I like James O'Brien too, but he is similarly privately educated and smug.
@jamesrowden303
@jamesrowden303 21 күн бұрын
@@briddie5996 I disagree, but that's OK isn't it. But then again I'm fairly smug, at least online.
@lcg8220
@lcg8220 21 күн бұрын
My main problem with Oli is that whilst he has many great moral political beliefs, he's in a comfortable enough economic position that he can afford to be hardline and deal with the tories for longer where many of the rest of us can't and need to compromise somewhat to get rid of them.
@briddie5996
@briddie5996 21 күн бұрын
@@lcg8220 This is false. Just because someone criticises current Labour (rightfully so they're essentially Tory-lite) it doesn't mean they support the Tory party.
@user-sd3ik9rt6d
@user-sd3ik9rt6d 22 күн бұрын
Money is the life blood of a country, extream wealth is a clot, it must flow.
@mauromatos3124
@mauromatos3124 22 күн бұрын
If you are a voter and think that these rich people give a fig about you then you deserve the politics we have.
@digglerdudeuk
@digglerdudeuk 20 күн бұрын
Unacceptable that anyone should have that much money while others are homeless and starving.
@mraa7654
@mraa7654 22 күн бұрын
It was disgusting enough having a ridiculously wealthy chancellor. Now an unelected very wealthy PM is obscene.
@Craig121000
@Craig121000 21 күн бұрын
Go live in Venezuela, you'll feel more at home.
@garethpreen5929
@garethpreen5929 21 күн бұрын
A chancellor that has just obtained seven luxury pads in London, with the knowledge that interest rates will be coming down and with that comes yet ANOTHER price hike within the housing "industry ". People laugh at me when I mention this, but it will end up with a revolution. Russell Brand said it twenty years ago. My farther forty.....
@jared7080
@jared7080 20 күн бұрын
​@@Craig121000 Why are you making snarky remarks to every comment?
@Leigh-ry3yb
@Leigh-ry3yb 19 күн бұрын
​@jared7080 because he's a muppet
@dwdei8815
@dwdei8815 22 күн бұрын
The very fact that these past years have been years of enormous prosperity for the Sunaks is a huge barrier to them caring that for others they have been years of desperation and struggle.
@MexiCoe
@MexiCoe 22 күн бұрын
Hoarding their infinite gold like a selfish mythical dragon... please send the dragon slayer 🐉⚔️
@pokemon1996ism
@pokemon1996ism 22 күн бұрын
Why would a billionaire want to be prime minister ?
@Derangersneedtogetalife
@Derangersneedtogetalife 22 күн бұрын
It called a bucket list
@danmayberry1185
@danmayberry1185 22 күн бұрын
Indentured servitude? Those 100 MPs who saved Rishi from a party vote weren't being charitable.
@therealrobertbirchall
@therealrobertbirchall 22 күн бұрын
A chance for some mega graft, the tory way.
@sanchezz4387
@sanchezz4387 22 күн бұрын
To keep the system rigged in his favor
@s2upac
@s2upac 22 күн бұрын
To maximise his portfolio and to enrich himself and his closest allys which is the only thing he has been successful at really. By design no doubt makes you sick.
@vinylrulesok8470
@vinylrulesok8470 22 күн бұрын
The Tories may say that hard work makes you rich, but actually luck has an awful lot to do with it.
@chatham43
@chatham43 22 күн бұрын
@vinylrules Hardly a revelation.
@johnsidwell2241
@johnsidwell2241 22 күн бұрын
@@chatham43 and being married to the daughter of one of the wealthiest men on the planet helps
@chatham43
@chatham43 22 күн бұрын
@john Maybe in another life perhaps?
@markwelch3564
@markwelch3564 22 күн бұрын
Our hard work makes water companies and landlords rich 🙁
@bigdaz7272
@bigdaz7272 22 күн бұрын
Mostly Inheritance or being part of the "Old Boys Network."
@gavinsmith9564
@gavinsmith9564 22 күн бұрын
Brexit Britain, race to the bottom for standards and protections, and an increase in profits for the rich. Brexit was by millionaires for millionaires.
@christinavuyk2026
@christinavuyk2026 22 күн бұрын
Absolutely. I would love one of the you tube pundits to do a video on exactly who profited from Brexit and how 🤔
@therealrobertbirchall
@therealrobertbirchall 22 күн бұрын
​@@christinavuyk2026shareholders of English water companies, and other criminal enterprises.
@chatham43
@chatham43 22 күн бұрын
@christina You obviously didn't profit. But many did!
@Leigh-ry3yb
@Leigh-ry3yb 19 күн бұрын
​​@@chatham43We need to look to 18th century France and act accordingly.
@ClannCholmain
@ClannCholmain 22 күн бұрын
Shed a tear for billionaires. Eye watering.
@leebex100
@leebex100 22 күн бұрын
It's an obscene amount of money to have made while supposedly running the country.
@jamesrowden303
@jamesrowden303 22 күн бұрын
To be fair it's his wife's money, he is just seen as rich by marriage and association.
@vinylrulesok8470
@vinylrulesok8470 21 күн бұрын
Sunak made his money by gambling with other people's. Then he married a billionaire. He has no concept of what it means to be poor, the guy is only PM so he can line his own pockets and the pockets of his family and mates. Anyone that votes Tory clearly thinks this is just fine and dandy
@richardmunoz4771
@richardmunoz4771 21 күн бұрын
Yep in his own words "the plan is working"
@richardmunoz4771
@richardmunoz4771 21 күн бұрын
​@@jamesrowden303I hope she divorces him and he loses it all
@jamesrowden303
@jamesrowden303 20 күн бұрын
@@richardmunoz4771 he probably will when she starts wearing the "you have to be this tall to go on this ride" T-shirt.
@rve420
@rve420 22 күн бұрын
If you earned one million dollars a year and were never taxed and never spent a single penny, you'd have to work for 1,000 years to make 1 billion dollars.
@chatham43
@chatham43 22 күн бұрын
100 years you mean?
@rve420
@rve420 22 күн бұрын
@@chatham43 One million per year for one hundred years is 100 million.
@samheath6823
@samheath6823 22 күн бұрын
🙄
@chatham43
@chatham43 22 күн бұрын
@rve Which is a billion in the US. He's talking in Dollars?
@frankbutterworth4257
@frankbutterworth4257 22 күн бұрын
@@chatham43 1000 million in every country equals 1billion, including the US.
@markmonaghan2309
@markmonaghan2309 22 күн бұрын
100% , surely 50 million is enough, after that you get a statue somewhere
@Alex-cw3rz
@Alex-cw3rz 22 күн бұрын
The median income in the UK is £29,669 to equate that to seconds that would be equivalent of 8 hours, Sunaks wealth increased by 3.8 years and he did nothing to earn that and is worth the equivalent of 19.67 years.
@beepresent8636
@beepresent8636 22 күн бұрын
How can you ever know what it is like to worry about bills, rent not being able to sleep for worry. Personally no person should ever make a law or rule on how everyone lives without living in those shoes for just 1 week! Thats all. This is why there us no empathy in government anymore.
@rebeccafowler5352
@rebeccafowler5352 22 күн бұрын
A week is not long enough,they should have to live on welfare payments and follow all the rules attached to that for a year then they might just start to understand how hard it is. Or a year in a low paid job and have to manage on that income alone. Or a year working 2 or 3 jobs like many have to do and survive on that income alone.
@LonexX18
@LonexX18 22 күн бұрын
Your comment is interesting because I think it was Plato in ancient greece who believed that the rulers of society should only be permitted to rule the people once they had experienced most spheres of life for several years. It's the same idea as yours in that how else could they possibly understand what the people, and by extension society, really need? And there is also something almost paradoxical about politics that is much harder to solve. Those who most desire power should be the last people to ever get it and yet they are precisely the people ruthless, deceptive and cruel enough to be most likely to obtain it. We really live in a sick world.
@loisberry-rose5175
@loisberry-rose5175 22 күн бұрын
People are hungry, homeless, can’t heat their homes, not to mention, you need to fix your infrastructure!🙄
@MrOliver1444
@MrOliver1444 22 күн бұрын
The rich through their proxies let the poor vote against their own interest, one word: Brexit.
@kanedNunable
@kanedNunable 20 күн бұрын
another word - conservatives. why people vote for the political arm of the aristocracy amazes me.
@hayleyxyz
@hayleyxyz 22 күн бұрын
The Ferrari fans aren't going to like this one Get used to it, this is the future
@TW19567
@TW19567 21 күн бұрын
Remember our Chancellor stated the need to productive people to have “wage restraint”. He has basically said that productive people MUST get poorer. But they are perfectly happy for MP’s mates and donors to be as rich as possible. Times are changing.
@blehblehorama
@blehblehorama 22 күн бұрын
Millions and Billions are too large for anyone to properly mentally conceptualise, so let put it into perspective with time to see the difference in scale between 1 million and 1 billion. 1 million seconds is around 11 days. 1 billion seconds is around 31 years. So no, Billionaires shouldn't exist and the very fact that they do indicates that our economic system is not fit for purpose and is overtly not designed for the peoples prosperity. As it is now it is strictly designed for wealth extraction to benefit a select few individuals leeching for the rest of us and our priminister is one of those leeches.
@HeatherLewis-dm2cr
@HeatherLewis-dm2cr 22 күн бұрын
Why are you talking sense into the void at 4am Olly ? This shift of wealth needs to be stalled
@simplySY8
@simplySY8 22 күн бұрын
They put Ollie on at 4am because they will give him a voice that no one can hear classic move by the powers that be in most places. He talks too much sense to be speaking to awake people
@rolandrothwell4840
@rolandrothwell4840 22 күн бұрын
Wealth taxing the Duke of Westminster whose personal wealth is £8 billion might be a start for justice and equity!
@Carlos12330
@Carlos12330 22 күн бұрын
While people choose between eating and heating and tax thresholds are frozen dragging millions of low paid workers and pensioners into paying tax the author of this misery makes an EXTRA 120 million pounds, come on Britain wake up!
@lightweightben
@lightweightben 22 күн бұрын
Theres this argument that we need growth, we need productivity. But people rightly will ask why grow the economy, why be more productive when all of the benefit goes to a handful of people and none to the people delivering in the economy.
@samb3783
@samb3783 22 күн бұрын
The king didn't pay any inheritance tax, just think about that.
@johnsidwell2241
@johnsidwell2241 22 күн бұрын
He is not dead yet
@dbefore7165
@dbefore7165 22 күн бұрын
@@johnsidwell2241the queen is
@kanedNunable
@kanedNunable 20 күн бұрын
and just got an extra 50m a year from us too!
@benglishman
@benglishman 22 күн бұрын
"Trickle up economics" is exactly right. It's shameful. What would you even do with 650m? And at the same time people who have multiple jobs can't afford food.
@qw1205
@qw1205 22 күн бұрын
Wonder if their wealth rocketing has anything to do with them having their snouts in the trough since he became PM
@Damon-vl3vs
@Damon-vl3vs 22 күн бұрын
Trickle up and flow out to offshore tax havens, never to circulate within the UK economy again.
@catherinemartin6258
@catherinemartin6258 22 күн бұрын
Madness absolute madness.
@Peter-Ac
@Peter-Ac 22 күн бұрын
The older I get the less I seem to understand. I do not envy the rich. I am easy about people in this country becoming rich, so long as they pay their taxes. I don't believe that income should ever be taxed over50%. What I can't understand is why people actually need £millions, never mind £billions. But the really strange thing is that no matter how rich these people are IT IS NEVER ENOUGH The morality case is for another day
@mattrichardson2451
@mattrichardson2451 22 күн бұрын
If it carries on a fear something like the French revolution. Then no amount of money will help them.
@tonytroiani6599
@tonytroiani6599 22 күн бұрын
NO!!
@toriesout8692
@toriesout8692 22 күн бұрын
Amazon also hosts many government sites and servers on their servers, and you have rail, energy and water industry. Nothing shouts monopoly and corporate-government connections more than what Amazon and other companies are doing. They are running public services as private companies and keeping all the money.
@tug1345
@tug1345 22 күн бұрын
When some of you maybe thinking of voting for Rishi Sunak to be Prime Minister again, think about this, our wonderful multi millionaire PM has been responsible for increasing homelessness, increasing poverty, increasing child poverty, this summer holiday a lot of children will miss out on meals because they're not at school, he's been responsible for this as both Chancellor and PM for years, it's his failings, all the time while his own wealth goes up about 17%
@danmayberry1185
@danmayberry1185 22 күн бұрын
The Royals can't be expected to know the price of soap .. why expect the über rich to know? Fair play, but they should have nothing whatsoever to do with public policy or governance.
@susanpettitt713
@susanpettitt713 22 күн бұрын
How many nurses or carers could that help ENOUGH GE
@robinmcara793
@robinmcara793 22 күн бұрын
Hard work? Sounds like robbery to me 😂😂😂
@itequipment8251
@itequipment8251 22 күн бұрын
Poor man wanna be rich Rich man wanna be king And a king ain't satisfied 'til he rules everything Bruce Springsteen 'Badlands'
@lilianandersonmayne4968
@lilianandersonmayne4968 22 күн бұрын
He's right there the rich can't get enough if all the money was shared around the world would be a better place or if they give something to feed the starving help starving children greed is one of the seven deadly sins
@arabellacox
@arabellacox 22 күн бұрын
Isn't it bazaar; £1.7 billion spent on the Grenfell Tower inquiry - what that could do for those victims and others, if simply given to them.
@HelenMills-wh3vf
@HelenMills-wh3vf 22 күн бұрын
To quote Balzak "Behind every great wealth lies a great crime".
@trevorluft1763
@trevorluft1763 21 күн бұрын
I’ve just worked 1 physical hour for a pkt of toilet roll and a pkt of washing powder!
@seebarry4068
@seebarry4068 22 күн бұрын
<a href="#" class="seekto" data-time="180">3:00</a> because the people at the top don't want to pay their share. And they're in charge now. How much better off are you this year?
@julianshepherd2038
@julianshepherd2038 22 күн бұрын
Pitchforks, pitchforks !
@typxxilps
@typxxilps 22 күн бұрын
what a shame - he increased it by 20% without much work, or shuffled the money into his pockets. Rip his fortune out of his pockets and then he it is time to demonstrate cause was he a prime minister or rather a wealth manager ? in the 2000 till Brexit we had here thousands of older british people to get what they could not get in their poor home country UK where the NHS was not able to provide a surgery appointment quite soon or rather years later. These older could not deal and live with that hence the NHS hired hospitals and surgeons here in germany to get these people treated far away from their famiilies which could not come along with those usually. Tough times for those who came and were in tears after the successfull recovery cause Hamburg were 7 decades earlier their target when they were fighting in the royal airforce up high in the skies. And he even recogniced the milestones they had from the air to cross checck the navigation by visual evidence. I wonder how UK has become so poor that they could not even take care for their elderly back then cause over 1000 arrived here in a single hospital over a year. Now they would not even get a chance if they could pay for that cause when the british patients were no longer arriving, the hospitals had turned already around and arabic rich arrived to fill the spots of the elderly british.
@fartsimpson624
@fartsimpson624 22 күн бұрын
Those who agree with billionaires I'd like to ask them would you be ok with one person owning all the world's wealth?
@tronnyjeverton
@tronnyjeverton 22 күн бұрын
For anyone here who hasn't seen it look up Gary's Economics
@geraldmonger1921
@geraldmonger1921 22 күн бұрын
As once said by Howard Hughes, " the poor shall inherit the earth,..........but not the mineral rights."
@Scoobyoneknobi
@Scoobyoneknobi 22 күн бұрын
The richest can have as much money as they can make, but they should never be allowed to set policys in governments, mps income should be limited to double the average income.
@kanedNunable
@kanedNunable 20 күн бұрын
and shouldnt be able to give their own family hundreds of millions in contracts
@rodterry9644
@rodterry9644 22 күн бұрын
No problem at all if billionaires leave the UK - all they do is extract and offshore wealth. You could easily set the limit at £100M. Anyone who thinks they need more than that needs therapy.
@ashbohgan2022
@ashbohgan2022 22 күн бұрын
Rishy rolling in it. Lol. He know what people are going through. He's so down to earth lol.
@davesy6969
@davesy6969 22 күн бұрын
The non-dom tax loopholes in the last budget will allow the Sunaks to avoid up to £250 million in UK taxes according to the Guardian.
@husshodi
@husshodi 22 күн бұрын
Honestly the occupy Wallstreet movement was about what is happening now and that was 16 years ago.. I remember the mainstream media was painting the protesters in the same negative spotlight they are with the Gaza peace protesters.
@2Bad681
@2Bad681 22 күн бұрын
Strange how equality is forcefully pushed everywhere else in society except when it comes to the economic social divide
@colinwhite5355
@colinwhite5355 22 күн бұрын
Grotesque inequality is a massive threat to society, including to those at the top, who perhaps should read a little French history.
@richardmunoz4771
@richardmunoz4771 21 күн бұрын
It just makes you want to cry. My little boy is saying if he works hard he will get a house. I just want to cry. I really wish hope and pray for an awakening and this country rebalances.
@1flinns
@1flinns 22 күн бұрын
Don't let the door smack you on the way out.
@robtalbot8060
@robtalbot8060 22 күн бұрын
Wealth inequality is ruining us all
@robc7162
@robc7162 22 күн бұрын
If non doms choose to go live elsewhere then there should be restrictions on how long they can spend on visits back to the UK. They want the benefits of living in the UK (which is still a great place to live if you're rich) without contributing their fair share. Let them go since they don't pay tax anyway what are we losing?
@Martinbeef
@Martinbeef 22 күн бұрын
This really is appalling. The PM isn’t the right person to be in the job at all. He is not from us. I wish I could afford therapy. I can’t get nhs help.
@mcbrat3515
@mcbrat3515 22 күн бұрын
With the exodus by billionaires to Dubai, BVI and Monacco and other such similar tax havens, the problem still remains that they will continue to own swathes of properties, particularly in London which will remain uninhabited and out of reach for lesser mortals to purchase.
@sanchezz4387
@sanchezz4387 22 күн бұрын
Which is why we have a cost of living and housing crisis. Not because of small boats or mum's claiming £20 a week on Uni credit
@sarahbarrett1247
@sarahbarrett1247 22 күн бұрын
Exactly. It’s not the people in small boats that are causing the problems but the people who have multiple boats and multiple houses.
@RJG5
@RJG5 21 күн бұрын
​@@sarahbarrett1247 yeah until you venture out of your nice little middle class village to a small city in the west midlands which may as well be pakistan
@sarahbarrett1247
@sarahbarrett1247 21 күн бұрын
@@RJG5 😂😂😂 you think I can afford to live in a middle class village? I would love to BUT I was priced out of there by £200,000 by upper class Londoners and property developers. I couldn’t get a mortgage BUT I could pay a property developer’s mortgage for four times as much.
@RJG5
@RJG5 21 күн бұрын
@@sarahbarrett1247 Well, I do agree with you btw in that youre spot on with the main cause and problem. I'm on the social housing list have been for three years, I'm in band 1 and will be bidding for years to come as the emergency band has priority which is almost impossible for a native to attain, and my local council has even adopted policy to enforce the discrimination further openly prioritsing non-natives and in certain places bradford, luton, wolverhampton as examples; as a native you will be a minority and a second class citizen, isloated and disliked. Youve hit the nail on the head with the problem but pointing at other problems and calling them distractions and false is not only incorrect but also supporting the agenda of the small amount of people you claim to oppose. More people here = more consumers. Less social housing(also private housing as a large percent of new arrivals have a surprsing amount of money to spend, although that wont prevent them from claiming everything available and sending it back home, jobs(therefore lower wages) and public services, free healthcare, dentist gps overcrowded as free, although thats just basic math
@bobbydylanio
@bobbydylanio 21 күн бұрын
"Steal a little and they throw you in jail, steal a lot and they make you king".
@prideofdurham4776
@prideofdurham4776 21 күн бұрын
Its not the money it is how it is earned. I have no qualms of say a surgeon worth £200 million or a factory worker earning £100k a year but I strongly object to people kicking a bag of wind or a temporary MP earning that much.
@jazzragu
@jazzragu 19 күн бұрын
‘Unelected’… the party are elected and they choose the PM. Clearly us reporters are trying to tell the English that we don’t know how democracy in this small country works. We vote for our constituency, and the majority party form a government and that party select a leader.
@XAVR_
@XAVR_ 19 күн бұрын
Yeah I'm no fan of Sunak or the Tories, but calling him "unelected" is willfully ignorant of how our democracy functions in the UK.
@Anthony-wr2zl
@Anthony-wr2zl 17 күн бұрын
That's Mathew Wright's opening gambit whenever he talks about the prime minister, I always thought that policies matter more so than whoever the leader is. I don't think he knows what he saying half the time. Yeah and as PM he selects chancellor and everyone in the cabinet, it's not put to a public vote, now is it.
@XAVR_
@XAVR_ 17 күн бұрын
@@Anthony-wr2zl I agree, I hate the "Americanisation" of politics in this country, people talking about leaders lacking charisma etc. Vote for the party not the man.
@LSD04
@LSD04 21 күн бұрын
Makes you wonder what the motive is to be an MP, I’m 100% sure it’s not for our benefit
@moosky7344
@moosky7344 19 күн бұрын
Ego and to let his people into the UK obviously
@yinyatto9911
@yinyatto9911 22 күн бұрын
omg thank you phil white i've been explaining it using the Term "Trickle up economics" for like 10 years!
@dh1380
@dh1380 22 күн бұрын
No problem with them existing. Presumably once you have billions it becomes a self-perpetuating cycle but they should be made to contribute to stuff like CNI on a reasonable level thereby easing the burden on your average taxpayer. If they can't demonstrate a basic level of a sense of community and human decency they should be heavily punished. But it's all a question of where the line is and once you draw the line they will find ways of avoiding it (if they are scumbags, which it seems the most prominent of them are).
@ronstriebig2749
@ronstriebig2749 21 күн бұрын
Get rid of Royalty and Tory Government
@thomasparkin259
@thomasparkin259 22 күн бұрын
Allowing billionaires to exist is just allowing for a return to aristocracy, such concentrations of wealth and influence are inherently anti-democratic. I don't begrudge people with useful skills earning a lot
@_permanence
@_permanence 22 күн бұрын
I work hard at 70 hours a week and my top tax rate is 60%. It’s criminal
@dbefore7165
@dbefore7165 22 күн бұрын
Work smarter then
@madshorn5826
@madshorn5826 22 күн бұрын
Yeah, it should be closer to 95%. Or minimum pay should be raised so you don't have to work absurd hours ¯\_ (ツ) _/¯ Always address the root problem.
@freshness_ah7534
@freshness_ah7534 21 күн бұрын
​@dbefore7165 said the Jew that wants American and British taxpayers money!
@kanedNunable
@kanedNunable 20 күн бұрын
its nothing like that in uk, where do you live?
@richyjay330
@richyjay330 22 күн бұрын
You can't take it with you when you're dead!!
@In_Paradiso58
@In_Paradiso58 21 күн бұрын
Kool profile pic...
@markwilson4652
@markwilson4652 21 күн бұрын
Wealth inequality is why the young cannot get on to the property ladder.
@Hope4human
@Hope4human 21 күн бұрын
It doesn’t make Sense at all if you don’t need this much money what’s stopping you to help others? It’s more than greed it’s evil
@RoughPuppets
@RoughPuppets 21 күн бұрын
We've had some pretty bad leaders in our time, dodgy, lying, irritating, corrupt... but surely, there is no-one on earth so immensely detestable as Rishi Sunak.
@salkoharper2908
@salkoharper2908 17 күн бұрын
He might be worth hundreds of millions. Bet his house still smells of curry though.
@Wayne_Farrow
@Wayne_Farrow 22 күн бұрын
We need more of this talk.
@Joey-ct8bm
@Joey-ct8bm 20 күн бұрын
Oli Dugmore is my new hero. Keep exposing trickle up economics everyday please.
@Alex-cw3rz
@Alex-cw3rz 22 күн бұрын
There is no need for anyone to have 1 billion, for 100 million you could have a small superyacht, a jet, mutiple houses and an index linked fund that can fund your excesses for the rest of your life. What more would you ever need. Maybe nicer cities and places to visit on your yacht or jet, well if governments have billions more in funds they can improve national parks, cities and towns. Assets such as housing will not be pumped up meaning people will have more to spend out in shops, on the local community and on their houses. Win, win.
@Booglarizemebaby
@Booglarizemebaby 22 күн бұрын
The Pathologically rich.
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