Steven

What, like this country in the 60s?

The US had even higher taxes than us.

The US had even higher taxes than us.

It's the period of time when... Which period? This period now.

It's the period of time when... Which period? This period now.

You don't care about the middle class?

You don't care about the middle class?

Well, living standards collapsed after the houses were sold. There was a long period where the houses weren't sold. Between the Second World War and the 80s, the houses weren't being sold.

Well, living standards collapsed after the houses were sold. There was a long period where the houses weren't sold. Between the Second World War and the 80s, the houses weren't being sold.

Well, I think there's a few obviously big moments. I think 2008 is a big moment. I think COVID is a big moment. I think it's the 80s where you start to see the wealth distribution go. What matters is actually the distribution itself. So once you change the tax system, it takes a bit of time for the wealth distribution to change.

Well, I think there's a few obviously big moments. I think 2008 is a big moment. I think COVID is a big moment. I think it's the 80s where you start to see the wealth distribution go. What matters is actually the distribution itself. So once you change the tax system, it takes a bit of time for the wealth distribution to change.

But once you start, for me, the big thing is the loss of wealth holding. I want ordinary families to be able to hold wealth. And once you lose that, you lose the middle class. And you will not find me a single country in the world now or the history of the world that has provided good broad living standards without allowing ordinary families to own assets.

But once you start, for me, the big thing is the loss of wealth holding. I want ordinary families to be able to hold wealth. And once you lose that, you lose the middle class. And you will not find me a single country in the world now or the history of the world that has provided good broad living standards without allowing ordinary families to own assets.

Which is a massive government, by the way.

Which is a massive government, by the way.

So you don't think the Singaporean government owns a large share of the housing stock?

So you don't think the Singaporean government owns a large share of the housing stock?

I would like to say, by the way, just to be really clear, I've never, ever once advocated for big government. Never a single time. But more taxes is bigger government. I want higher taxes on the wealth holders so we can tax wealth creators and working people less. I don't want a bigger government. I want our viewers to have more money. I want our viewers to have more money.

I would like to say, by the way, just to be really clear, I've never, ever once advocated for big government. Never a single time. But more taxes is bigger government. I want higher taxes on the wealth holders so we can tax wealth creators and working people less. I don't want a bigger government. I want our viewers to have more money. I want our viewers to have more money.

And also, I want to tax those super rich so that they stop squeezing ordinary families out of asset ownership. It just...