Steven

And what you get is essentially an enormous amount of money from the government to the poor, to the rich. And this massive, massive transfer of wealth is... That was so obviously going to happen at the beginning of COVID. Nobody discussed it, which I think is itself amazing. Let me ask you a question, all right?

If we were now to pause the economy for two years and during that pause massively increase wealth inequality, what do you think would happen to broad living conditions when we unpaused?

If we were now to pause the economy for two years and during that pause massively increase wealth inequality, what do you think would happen to broad living conditions when we unpaused?

Do you think the average Brit, American, Australian, wherever the person out there is watching, if they quit their job and go work in tech, do you think they'll be able to get financial security relatively easily?

Do you think the average Brit, American, Australian, wherever the person out there is watching, if they quit their job and go work in tech, do you think they'll be able to get financial security relatively easily?

It's not specific to anywhere.

It's not specific to anywhere.

All four of them died with nothing. because that wealth which they had in property was used in equity release schemes. It was used in paying through their retirement. It was used in end-of-life care. Do you think when those old people die, young people today will be rich?

All four of them died with nothing. because that wealth which they had in property was used in equity release schemes. It was used in paying through their retirement. It was used in end-of-life care. Do you think when those old people die, young people today will be rich?

Do you think ordinary families are the creditors?

Do you think ordinary families are the creditors?

So if the average British family has half a million pounds in debt, does the average British family have half a million pounds of credit?

So if the average British family has half a million pounds in debt, does the average British family have half a million pounds of credit?

You think the average British family is sitting on half a million pound cash?

You think the average British family is sitting on half a million pound cash?

So 78%… So you think the average British old person is sitting on millions of pounds of cash?

So 78%… So you think the average British old person is sitting on millions of pounds of cash?

Equity. Or someone is on the other side of those mortgages.

Equity. Or someone is on the other side of those mortgages.

Do you think it's okay that the average British or American young person will never own any wealth?