Poorer households also typically have worse home insulation meaning more money gets wasted as they have to use more energy to warm it up (and keep it warm).
@Veronique Ashlynn Turns out insulating your home costs money, precisely the thing poor people lack. Who'd have thought, huh? Plus, many people live in rented accommodation and so can't insulate it themselves as this is up to the landlord - a landlord who is quite happy to not pay the extra expense, since they know fine well their tenants can't afford to relocate to somewhere with better conditions. Edit: Typo
"The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes ‘Boots’ theory of socioeconomic unfairness." - Terry Pratchett
I know a person on disability who buys new shoes every 6 months from walmart b/c they fall apart. If he would just set aside a few dollars he could buy shoes that would last him years but he would rather spend his money on music and weed. You just can't fix stupid.
You only get one of these meters installed in your house if you fail to pay your gas and electricity bill. I am on a fairly low income but I always pay my bills before spending on luxuries and by luxuries I mean things like tobacco, alcohol, gambling, take away meals, new clothes, the latest mobile phone & holidays. Why should I have to pay more so that people who don't do this can get away with not paying their bills. Also I do every bit of overtime I get offered.
then switch providers. but honestly, choosing between food and heat is consequence of being poor. It's not that I magically get free heat just by not being poor
@@dizmop Exactly, no magic involved. So the woman in the video is misleading people by saying that prepaid meters make you choose between food and heat. That is not true, you would choose between food and heat even if heat were not prepaid... unless you planned to not pay for heat?? If you think about it, her whole argument actually kind of explains why any company might not want to give out stuff before. being paid.
@@helio2942 of course the meter by itself doesn't make you choose between food and heat, she is suggesting that some people may not be able to do both, say you have £20 to last a week and the heating has just gone off in the middle of Winter? Further along the scale some people on a high to medium-income have access to a disposable income that affords them the ability to pay a quarterly bill which is cheaper by design, in effect penalising people below a certain pay threshold that feel a meter is the best way to budget their income, it's not conspiracy it's simple capitalism.
I do love the fear-based argument about higher rate of tax ‘driving them from our shores’. Because of course, fabulously rich people will obviously cut themselves off of one of the largest economies in the world. Amazon will definitely close up and leave an economy that made them £72 million in order to save a few hundred thousand extra in tax. It’s economic illiteracy on purpose, to scare people who don’t even try to understand it.
Peter V, you’re not wrong. It’s the wilful stupidity I don’t like. I get it, we’re psychologically habitual things, but... bloody hell. The people chucking out these threats, knowing that they are empty, are probably the closest thing I can think of as examples of the banality of evil. It’s exploitative.
@@steveharrison76 They make the empty threat because when the response: see ya, you don't pay tax anyway, bye, comes back, as it has from a small number of politicians on occasion. The people who get offended on their behalf are the thick working class tories, fueled by the complicit media. They will never see the con until it comes for them personally. And even then they will likely blame foreigners, lefties, greens, aliens, Jeremy Corbyn's jumper etc etc.
@@steveharrison76exactly, so all the threats to leave a country if they don't get their way is worthless blowing off. Like a spoilt child. If enough people withdraw their custom from businesses with owners who try to threaten us...... Who will be the loser then?
Ashok Hegde: I’m from the UK, mate. None of the big companies pay their taxes here. I don’t really give a toss about some random millionaire, because they aren’t the problem. Corporations are. Some idiot on £3 million who made a killing shorting sterling threatens to leave? Ok boomer, don’t let the door hit you on the way out. You’re a shitty human being anyway, we won’t miss your scrubby arse. Take your small change with you, too, and have fun trying to get back in to make more, because that’s not going to happen. Checks and balances and due diligence (if it was done properly and not handwaved away like it is now) would prevent you from operating inside our borders, what with being a tax exile and everything. Some corporation like google, Facebook, amazon or Starbucks has to pay a bit more tax? Or lose the ability to trade in an economy consisting of 66.4 million customers? Yeah, those guys aren’t going anywhere. No company in the history of humanity ever voluntarily left a large market in order to save a few hundred grand, and that includes their CEO. They pay, or their license gets revoked. It’s that simple. Or, they leave, our economy burgeons because it hasn’t got a parasite sucking it dry, and other countries do the same, and the circle of carpet around them gets smaller and smaller and smaller and eventually they realise they haven’t actually got anything worth anything anymore, because there’s nowhere to spend their money and nothing to buy with it. The threat is always going to be empty because of the logical conclusion it leads to. There’s only so many countries in the world these parasites can “leave”. And so what if there’s one last country facilitating it all, inhabited solely by billionaires? At least my economy and the economies of our neighbours isn’t anaemic. At least people aren’t having to use food banks. The idea that these people “add value” is a joke.
They are not a disease, they had the balls to take a step that most others are not willing to take. No one can talk to me about poor I spent upto the age of 35 never earning more than £300 a week and most of it unemployed. Then I started a business and now I’m in the top 1%. It’s very easy to call them a disease and forget they are not that much different from us, difference isn’t their choices. But I do agree they could pay their staff that little bit more and it wouldn’t make any difference to the sustainability of the company overall
@L Cincinnatus I like the sentiment "Eat the rich." But I'm not quite sure a lot of these comments are targetting specifically self made people. Those people are actually quite rare to come by if they're not a baby boomer who started a business when they were younger, and it was easier. I think a lot of the fervor is directed towards those who were born into wealth, even if they did become successful, in the eyes of many it was not of their own volition as they had a lot of help from family or connections - and I can understand that sentiment. Edit: I want to share something interesting I heard regarding baby boomers. Apparently one of the reasons creating your own company / business is so difficult now is because of licencing. It wasnt common that you'd need to pay for licences, and even less common for THEIR parents.. Especially if you were doing a family business like... Fixing cars!
@@tomb9818 It often is you're right, particularly on the cases in the media. But you also shouldn't bite the hand that feeds you by default, assuming all business owners are bad. There's plenty of modest million or billionaires who keep out of the public eye (probably in part because they're scared of being brandished villains by those who make assumptions) and have built companies that have paid thousands of people fair wages and given their employees a good and secure quality of life. You can get very rich making only a few pence profit per item if you're selling something everybody needs, you don't necessarily have to be exploiting your employees and/or customers to become rich. Personally I think we're blessed to live in a country where it's easy to start a business and everyone is free to do so or if you choose there are ample employment options, unemployment is going down further year on year. It is the business owner who accelerates innovation, providing better products are lower prices, that's a role government will never achieve - at best governments can mange organisations, but not lead development.
I had a depressing moment when I realized that I have spent over $100,000 in rent over the course of ten years. People asked me why I didn't just buy, and I pointed out that having a six-figure student loan debt means that debt to income ratio would be far too high to get a loan for a house even if I could save enough for a down payment. And my income is supposed to be enough to put me into the middle class.
@@2bobaf I have two master's degrees. The second was an attempt at a PhD (religion, with my dissertation topic the moral language and authority claims of the Cross of Gold speech at the 1896 Democratic convention that propelled Bryan to the nomination), but I couldn't demonstrate written proficiency in German. Grad school is expensive. I have another friend who racked up over $200,000 in loans going to law school.
@@joesmith8701 Yeah, I think that you're making that up. You're also missing the point that a) people need to save money for a down payment, which is far different when trying to pay off a massive debt already (or making payments while in a forgiveness plan), and b) even if you manage to do so, the debt to income ratio means that you can't get a loan anyway.
j94c - How would they resist? If there is no capitalism how does someone exist in a capitalist system? I would also question how many would actually want to remain in a capitalist system? 1% do well, about 25% get along OKish (still have a very insecure life) and the rest get trampled on.
The line "the top 1% of income earners pay 27% of income tax" is so disengenuous. If the top 1% earn less than 27% of all income, then yeah, they are paying more taxes per income. But if they make more than 27% of all the income, they are paying less. This also ignores that 20% of a $20k income feels a lot worse than 20% of a $1 million income because with $20k you are already squeezing a budget together. With $1 million you could budget easily. You could also overspend more easily than you might think, but that's because there are expensive luxuries you could get. But, you have to be pretty dumb to make $1 million a tight budget.
@Sudhir Kakar flat rate is utterly garbage and could never be implemented. The richer you are, the smaller portion of your income you need. A flat income tax would either fall woefully short of funding everything or literally kill millions because they can't afford food. Or both.
It is because I have pretty much spent my entire life in poverty that I am used to it and can 'cope'. It is also because I am IN this position that I can't subscribe to NM but hey, at least it's on here and we can all benefit from it!! Thanks to all. NB This is NOT sarcasm, it's genuine. This channel is (generally) spot on!!
@ people should just think themselves out of poverty?
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@@tubthump No way; you nuts ? It's about action, not laziness. The whole key is 'what skill do you get?'. A person needs a small skill at first, so they can earn at least $20/hour. Then, once that's secured, they need to pursue their 'large skill' or career. That takes real dedication, and they can work 20-30 hours a week and pay for very spartan living costs. (even share a room). At the end of that journey, they won't be in poverty. That's how college students do it.
@ I'm happy my friend. I didn't say I couldn't 'cope'. I am more than happy where I am and in what I do. I'm not poor and I have a beautiful family. Money to me is a fairly insidious instigator of unhappiness. I don't know how old YOU are but your comment comes across as more than a little condescending, especially when it's directed at someone who you know absolutely NOTHING about. I'll just say that I'm a Great Grandfather to ONE little girl and she makes me swell with pride whenever I see her, similarly as with all our Grandkids and kids.
I remember when electricity was being privatised and MPs were debating how to set up the new charges and rates for electricity prices. There was a huge cheer when they voted to load the highest costs on the lowest users, so that the less energy you used, the more you paid for it. If you used a lot, the prices went down. They also retained a 'standing charge' which was part of the means of funding the nationalised industry fairly. Keeping that was just direct taxation for the privateers.
Electricity key meters are even more of a rip off than you explain in your video because, although you are told that you can pay up to SIX MONTHS worth of payments in advance, if the rate changes during the period you have paid in advance for, you are still running down your money at the old rate which becomes a debt to the power company, You would think that you are paying for the electricity you use as you use it because the electricity turns off if the meter runs down to zero balance but that is not the case due to the possible change in rates during the period you paid for. I know this for a fact because I have been stuck with final bills of over £60 each the two times I have changed supplier to try to chase better prices for myself. I now refuse to change supplier and will stay with Scottish Power until I die and then they can spin for the artificial debt they will have built up for me on my behalf. People should be warned about this con. In my opinion, whatever money you have paid in advance should guarantee that the money runs down to zero without creating a debt and the electricity you have purchased remains at the price you paid for it until you pay for some more at whatever rate it currently stands at. Key meter users should be able to expect that they pay for the power they use and not get hit with any further charges because that's how it has always been sold to the customer.
@Sudhir Kakar Wow, what a prick you happen to be. I wasn't giving an opinion on pricing terms, just warning people of the con that key meters are. There was a key meter in my flat when I moved in and I certainly wasn't going to pay for the meter to be changed when a key meter is meant to allow you to keep an eye on your usage. As I have severe mental health issues that prevent me from working so have to rely on disability benefits, affording the basics of life isn't really in my power to control; that power exists in the hands of the government that has frozen benefits for years. For your information, I have many skills (including initial java programming, teaching and editing qualifications) and I have done many voluntary jobs including reporter/columnist for a local news website, adult learner support worker and guest lecturer at a university. It's not my fault that no one will employ someone with my mental ill-health issues. And you don't have to be particularly intelligent to give an opinion anyway as you have just proven so in conclusion - go shove your head up your ass.
I saw in a magazine in whsmith, that the higher payed are paying less in tax than the lower payed as a percentage of their pay. this information was gained from the ONS. I think that was taking into account all the indirect taxes we pay such as VAT, which everyone pays regardless of their income
Another terrible thing about those key cards is the shame factor. Having to go to your local newsagent and top it up must just add to the insult of being shafted by energy companies for being poor af. At least in the old days you could just put a 50p in the slot and that was that.
The poor pay more. Not only is it more expensive to be poor, it is also more stressful. My son is disabled and is living independently. The stress and hassle from the benefits agency is off the wall.
The rich are rich because 9/10 they have worked for it. I’m 18 and have just bought my first home. Not because it was handed to me, because I left school at 16 and worked 70 hour weeks and saved every penny. I’m lucky enough to have a well paid job because I work hard. I’m sick of people moaning they have no money. Work a second job, a third job. You won’t get it handed to you on a plate and if you believe it will, you’ll still be on £10 an hour for the rest of your life.
The Tories talk about how they are letting people have an increase in their personal tax allowance as it's gone up to 12,500. What they fail to mention is that it means you're getting an extra 10-15 pounds a month. Wow so much rich.
Keith Panton Indeed. Although we should be cautious of UBI - there’s a danger of it being politically disenfranchizing by “buying off” dissent or making a kind of untouchable class who everyone above a certain pay grade can ignore. Much as the likes of Jeff Bezos do today even without a UBI in place. I support UBI but I have reservations on how its implemented and perceived.
@@AtheistEve I think the way forward is through UBS because these are the fundamental services that we need in a stable functioning society. Free public transportation, Free education, free healthcare, Free broadband, Affordable housing and community centres. These are the building blocks of life that mould and support a person throughout their lives. Communities are the one that always come together to help their members out and that is the principle we need to follow and base our society around. If you have UBS then it keeps people in these communities where they know they will have all these services and takes away the stress of paying your tuition fees, paying for your transport etc etc which cause stress and anxiety etc.
@Sudhir Kakar Social security paid for by working people's taxes and national insurance contributions is not "free alms". The trouble with you "free" market zealots is that you can't see the benefit of anything collectively procided (even though you presumably grew up in families). Why are you so keen to defend billionaires from paying taxes? Are you one of them?
@Sudhir Kakar That's right - you right-wing libertarians want just enough state to provide tax exemption for the rich while collecting the taxes of the working poor. "Neoliberalism" is actually misleading - it should be called "neofeudalism".
I agree with most of what you said except for the phrase " few people are getting richer because a lot of people are getting poorer". This world is not a zero-sum world where someone has to suffer to make up for the prosperity of another. We live in a world where value is creater out of thin air, literally. Therefore it is not necessarily the case that the gain of the rich are causing the loses of the poor.
Not sure that's true because while money is created out of thin air and technically infinite, it's really just a claim on goods/resources and there is not an infinite amount of those.. Also with things like wage exploitation and tax evasion/avoidance it is literally taking money from poor/middle income people and into rich bank accounts.
Great video! As someone who is obviously not native British, do you realise the reason you and your family were allowed to move to Britain was solely to make the rich richer and the poor and middle class poorer? All this mass immigration into Britain (and other Western nations) serves to ensure house prices continue to go up (so more people are forced to rent and pay more to rent/buy a house/apartment) and to ensure wages are low (due to an oversupply of people willing to work for less than what wages used to be). Even though you are not native British, the best thing you can do for the future of Britain is to oppose any further immigration into Britain. Without immigration housing prices and wages will stabilise and improve, for the population of Britain will not be rapidly increasing to its own detriment.
I used to knock doors and sell gas in the holidays from Uni in 1999 and realized back then how much more expensive it is to have a pre paid meter. It’s always been like this. But you wanna talk about house prices go talk to Gordon brown, you’re boyfriend Jeremy’s previous.
There is an interesting conversation on the most recent Mark Blyth podcast which touches on regional income inequality. For example Corbyn talks about taxing the top 1% of earners. In london the top 1% of earners average salary is £770,000.00 but in cardiff that average drops to £100,000.00 so when you say you are going to tax the top 1% nationally this causes much contentious debate in the region you are in.
Ash is the *perfect* combination of intelligence and beauty. One day I hope to meet a woman like her, but I fear nobody could live up to her lolsad ❤️🖤
Why Is It So Expensive To Be Poor? Because poor people can be exploited. The solution is not to demonize the rich, it's to make poor people no longer poor. Give poor people a basic income and then they can't be exploited anymore.
The musician Bruce Welch was being interviewed last week talking about his career,he mentioned when he was starting out with no money he was in a lot of debt paying for his instruments etc but when you've made it and now can afford to buy these things people are queuing up to give it to you for free. Now I'm rich I don't have to pay for anything
Ash, you are so right about utilities, the charging methodologies to the poor are immoral and totally unjustifiable. There should be a national campaign over this led by labour. Even the key numbers have 18 digits which takes longer to say on the high tariff phone calls you have to make to renew them or talk to the energy provider. A small point but just goes to show how little these companies think/care about their poorest users.
Nothing wrong with private landlords, it’s been a private landlord that allowed me to retire at 45. I look after my tenants and I have a couple of good builders and plumbers I always use for repairs. I’ve never understood landlords letting repairs go un repaired
@Sudhir Kakar Your points are well-taken, but a state has to serve its people. The hope is that the future will bring educational opportunities, less discrimination against females, and helping solutions. "When the love of God is established, everything else will be realized. This is the true foundation of all economics." - Promulgation of Universal Peace, Baha'i Faith
@Sudhir Kakar Your points are well-taken, but a state has to serve its people. The hope is that the future will bring educational opportunities, less discrimination against females, and helping solutions. "When the love of God is established, everything else will be realized. This is the true foundation of all economics." - Promulgation of Universal Peace, Baha'i Faith
@Sudhir Kakar Imagine this. 1) Man is one family. All religions teach it & science proves it. Man is a spiritual creature. That girl is your sister. 2) The top 10% own at least 70% of the wealth, taxes should be fairer. 3) Politicians care for themselves & associates. Ever hear of a "poor class" of politicians? In the US, senators have more funds & benefits then any king ever did. 4) War & conflict are the thief of education & she's needs at least that. 5) Females need more help from man, enough centuries of discrimination. 5) Governments & leaders are responsible to care for all their subjects.
@Sudhir Kakar You need to watch world news on equality. About four-in-ten working women (42%) in the United States say they have faced discrimination on the job because of their gender. They report a broad array of personal experiences, ranging from earning less than male counterparts for doing the same job to being passed over for important assignments, according to a new analysis of Pew Research Center survey data.
I know young professionals in London who have only managed to get on the property ladder because of a hefty handout from their parents. Like a £100,000 handout.
Sudhir Kakar point taken, but that’s not the point I’m trying to make. I’m saying that it’s a sign of these times that young professionals need a handout at all. The parents giving these handouts didn’t need them as they didn’t come of age in the economic wasteland that is the early 21st century. Young professionals shouldn’t have to rely on anyone’s handouts.
Sudhir Kakar previous generations didn’t necessarily rely on university degrees to gain successful careers. There were apprenticeships and also grants given to people who wanted to go into further education. In past times you could leave school, get a good job and get onto the property ladder entirely independently of your parents. Nowadays this seems much less likely if not impossible.
Sudhir Kakar there very much IS a culprit here. In Britain as it is in India. It’s the fact that taxes are formed to make the rich richer beyond avarice and the working class (at least in the uk and us) have to live beneath the bread-line. Both China and India have amassed wealth by producing material to be consumed by the West. What happens to their economies when the West overall can’t buy the stuff they are outputting? We’ll have to wait and see what the outcome to that one is. It’s not going to be pretty.
Sudhir Kakar you obviously have no idea. So Amazon pays no tax whatsoever but gets away with it on the basis that its workers pay income tax on their meagre wages. The result of this tax break has made Geoff Bezos the richest man on the planet. And that’s just one example of how the private sector gets away with contributing anything to greater society while its working class employees struggle to make ends meet and are taxed all the way. You must be sleepwalking through life to not know any of this, my friend. Conservative governments always sidle up to the rich in this way; promising lower tax rates in trade for their votes. Whomever China have in their sights to trade with in future is quite obvious. However it was the lifting of trade restrictions with the US under Nixon in the 70s that directly caused the upwards turn in China’s fortunes and sees them as the superpower they are today. Capitalism doesn’t work unless the numbers increase year after year. It doesn’t really matter if countries take bread from the mouths of their own people to do so.
Ray Ribeiro That’s been the case since mortgages were invented. People with mortgages have to pay for all the maintenance and are unlikely to get help (housing benefits) with their mortgage payments if they lose their income. The main problem with rented accommodation is getting the landlord to keep it maintained and getting the fabric of the building updated regularly (or at all).
The older I get, the more I dislike capitalism. Or specifically, capitalism as the answer to everything. We should be aiming at socialism for the absolute basic necessities of life, capitalism for the luxury, ego and status items.
@Sudhir Kakar why? If the basics of life were just enough space to live, just enough basic food to survive, free books for entertainment. If you set the base that low, all it does is create a stable floor that costs less than the current situation. I'd wager that the vast majority of people would then find real work and add value to society.
look i agree that all of these issues are absolutely disgusting. but i think an extreme form of socialism (that you’re alluding to) is really the answer. i like this video though, it explains a lot about the hardships of the average working person in the uk! this needs to be heard by everyone.
It's not just about getting the most out of employees I don't think. If an employee is more productive than expected then they can get the chop for that as well - as employees not being as exactly productive as demanded (with that is too little or too much) messes up the tight production processes many businesses have. For example 'just in time' processes. Business don't want lose changed and they dont want accumilated labour that can be fully utilised constantly. It's bizarre how it is all about 'time' it seems.
As a family in a 2 bed property we use £35.00 a week electric with SSE,we looked on Symbio Energy,we could have a MONTHS electric for £34.00 BUT we can't have it , we can only get a Pay as you go, they do not accept PAYG metered customers. @redwiltshire
I was talking to my electricity and gas supplier (both with same firm) the other day and I was told recently the law has changed so prepayment meter and billed meters NOW charge exactly same tariffs, can someone tell me if this is TRUE or was the firm just BLAGGING ME????
Ash explain how the tax system works and how the rich all ways pass it onto the poor to be paid. If any of you read the Magna Carta aka the Great Charter, this is how the tax system should really work, the poor should never pay any tax, only those who own property, have a business or run a busines or takes part of the profit with out working for it, should be the only ones that should pay tax, they knew back then tax at any level and the poorest will pay for it all
Your making very important points that more people need to hear. However, when people tell others to move they don't mean to move to a town with no jobs but perhaps out of London and to other major cities such as Manchester where the cost of housing is more affordable. And there are jobs in Manchester. For example, to own a 2 bedroom flat in London would cost on average 770, 500 whilst in Manchester it is 207, 800 a substantial difference.
They have no time. Their too busy working and struggling to take care of themselves.And they dont really have a choice but to do so. Or at least not a hard selection of choices.
Well nothing has changed for 4000 year's still idiots with all the gold preaching lies to us all. We do nothing now it will get so bad when they police us with ai robots 😂😂😂
I think I'm the only person who's had an opposite experience when it comes to utilities. Although I think utility companies in general rip people off, I always had credit meters and would constantly get letters saying I owed hundreds and in some cases thousands of pounds on my bill. Even though I read the meters and knew how much I was using and should be paying. But the last time I moved house it had prepayment meters already in and the unit rate was exactly the same as the one I'd had at my last house even though that had been a credit meter. But what did drop significantly was how much I was paying. It went from £120+ a month on the credit meter (still with an ever increasing "debt") to £40 a month. With no threatening letters because the utility company could no longer accidentally-on-purpose make a "mistake" on my bill. For that reason, I stuck with the the prepayment meters and for the first time in 20 years do not have any problems with gas and electric.
You are painting all rich people as tax dogers. This is patently not the case. The vast majority of the wealthy in the UK pay their fair share of taxes (i.e. the tax rates, don't use aggresive tax avoidance).
Since the utilities privatisation, we find consumers all paying different prices for the same gas or electricity, coming to our homes down the same pipes or wires, this is wrong! Bring it back to public ownership. It was ours in the first place, the Tories sold it to us as shares when we already owned it. How did they get away with that? In this privatised system the elderly and poor are being ripped off, not having the opportunity to shop for better deals, being that they may not be computer savvy or stuck with pre pay meters.
Most also don’t see what goes on behind the scenes to drive utilities costs down. I worked for a supplier into the water utilities for many years and I was disgusted by the cost cutting that went on that potentially exposed a human health risk.
@@joesmith8701 Assuming a 20w light and a 10w charger that is only using those 10w for half a day (probably much less) that's 0.75 pounds per week with current average UK prices.
Where can I find the references for these claims? They are shocking. I'd love to do some further research of my own. Thank you, Ash and Novara Media. Best media group hands down
I expect that to be true as the top 1% earn astronomical amounts of money. However that's not what the video is disputing, its the fact that the top 1% pay overall less tax as a percentage of their total earnings than lower earners do. So actually it should 40% of all income tax for example.
@Sudhir Kakar not true, because we have a REPRESENTATIVE DEMOCRACY, we don't have a direct democracy system here in America . You vote for representatives not directly on laws or issues
@Sudhir Kakar you have no idea what you're talking about. I minored in political science . I honestly have no idea where this disagreement is . Its like you WANT to fight. Why?
Poorer households also typically have worse home insulation meaning more money gets wasted as they have to use more energy to warm it up (and keep it warm).
I was looking for exactly this comment. Houses that have lower income people are usually not up to standards in terms of insulation or other upkeep.
@Veronique Ashlynn Turns out insulating your home costs money, precisely the thing poor people lack. Who'd have thought, huh? Plus, many people live in rented accommodation and so can't insulate it themselves as this is up to the landlord - a landlord who is quite happy to not pay the extra expense, since they know fine well their tenants can't afford to relocate to somewhere with better conditions.
Edit: Typo
Pat H just get blankets and don't use heat as much to save money.
@@Saiko1Mania Get an education and a job then you can afford insulation.
@Vail Marsh lol. 'drive' 'buy' 'tools' 'in your spare time'
You really don't understand poverty do you.
"The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.
Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.
This was the Captain Samuel Vimes ‘Boots’ theory of socioeconomic unfairness."
- Terry Pratchett
Brilliant
It really is the single best explanation for why it’s more expensive to be poor. Many thanks to Sir Terry, he’s done us all a solid with this alone.
I think I need to read some Terry Pratchett
The Turtle Moves xx
I know a person on disability who buys new shoes every 6 months from walmart b/c they fall apart. If he would just set aside a few dollars he could buy shoes that would last him years but he would rather spend his money on music and weed. You just can't fix stupid.
Glad people are talking about prepay electric being a scam that thing is awful and makes you choose between food and heat.
You only get one of these meters installed in your house if you fail to pay your gas and electricity bill. I am on a fairly low income but I always pay my bills before spending on luxuries and by luxuries I mean things like tobacco, alcohol, gambling, take away meals, new clothes, the latest mobile phone & holidays. Why should I have to pay more so that people who don't do this can get away with not paying their bills. Also I do every bit of overtime I get offered.
then switch providers.
but honestly, choosing between food and heat is consequence of being poor. It's not that I magically get free heat just by not being poor
@@helio2942 isn't the point that you can afford heat and food? nothing to do with magic as you put it.
@@dizmop Exactly, no magic involved. So the woman in the video is misleading people by saying that prepaid meters make you choose between food and heat. That is not true, you would choose between food and heat even if heat were not prepaid... unless you planned to not pay for heat?? If you think about it, her whole argument actually kind of explains why any company might not want to give out stuff before. being paid.
@@helio2942 of course the meter by itself doesn't make you choose between food and heat, she is suggesting that some people may not be able to do both, say you have £20 to last a week and the heating has just gone off in the middle of Winter? Further along the scale some people on a high to medium-income have access to a disposable income that affords them the ability to pay a quarterly bill which is cheaper by design, in effect penalising people below a certain pay threshold that feel a meter is the best way to budget their income, it's not conspiracy it's simple capitalism.
I do love the fear-based argument about higher rate of tax ‘driving them from our shores’. Because of course, fabulously rich people will obviously cut themselves off of one of the largest economies in the world. Amazon will definitely close up and leave an economy that made them £72 million in order to save a few hundred thousand extra in tax.
It’s economic illiteracy on purpose, to scare people who don’t even try to understand it.
Peter V, you’re not wrong. It’s the wilful stupidity I don’t like. I get it, we’re psychologically habitual things, but... bloody hell. The people chucking out these threats, knowing that they are empty, are probably the closest thing I can think of as examples of the banality of evil. It’s exploitative.
@@steveharrison76 They make the empty threat because when the response: see ya, you don't pay tax anyway, bye, comes back, as it has from a small number of politicians on occasion. The people who get offended on their behalf are the thick working class tories, fueled by the complicit media. They will never see the con until it comes for them personally. And even then they will likely blame foreigners, lefties, greens, aliens, Jeremy Corbyn's jumper etc etc.
Ashok Hegde: which is what happens now anyway, so what does it matter?
@@steveharrison76exactly, so all the threats to leave a country if they don't get their way is worthless blowing off. Like a spoilt child. If enough people withdraw their custom from businesses with owners who try to threaten us...... Who will be the loser then?
Ashok Hegde: I’m from the UK, mate. None of the big companies pay their taxes here. I don’t really give a toss about some random millionaire, because they aren’t the problem. Corporations are.
Some idiot on £3 million who made a killing shorting sterling threatens to leave? Ok boomer, don’t let the door hit you on the way out. You’re a shitty human being anyway, we won’t miss your scrubby arse. Take your small change with you, too, and have fun trying to get back in to make more, because that’s not going to happen. Checks and balances and due diligence (if it was done properly and not handwaved away like it is now) would prevent you from operating inside our borders, what with being a tax exile and everything.
Some corporation like google, Facebook, amazon or Starbucks has to pay a bit more tax? Or lose the ability to trade in an economy consisting of 66.4 million customers?
Yeah, those guys aren’t going anywhere. No company in the history of humanity ever voluntarily left a large market in order to save a few hundred grand, and that includes their CEO. They pay, or their license gets revoked. It’s that simple. Or, they leave, our economy burgeons because it hasn’t got a parasite sucking it dry, and other countries do the same, and the circle of carpet around them gets smaller and smaller and smaller and eventually they realise they haven’t actually got anything worth anything anymore, because there’s nowhere to spend their money and nothing to buy with it.
The threat is always going to be empty because of the logical conclusion it leads to. There’s only so many countries in the world these parasites can “leave”. And so what if there’s one last country facilitating it all, inhabited solely by billionaires? At least my economy and the economies of our neighbours isn’t anaemic. At least people aren’t having to use food banks.
The idea that these people “add value” is a joke.
Christ, i didin't even know about this. The rich are a disease
Parasite*
mike young I prescribe gulliotine
They are not a disease, they had the balls to take a step that most others are not willing to take. No one can talk to me about poor I spent upto the age of 35 never earning more than £300 a week and most of it unemployed. Then I started a business and now I’m in the top 1%. It’s very easy to call them a disease and forget they are not that much different from us, difference isn’t their choices.
But I do agree they could pay their staff that little bit more and it wouldn’t make any difference to the sustainability of the company overall
@L Cincinnatus I like the sentiment "Eat the rich."
But I'm not quite sure a lot of these comments are targetting specifically self made people. Those people are actually quite rare to come by if they're not a baby boomer who started a business when they were younger, and it was easier.
I think a lot of the fervor is directed towards those who were born into wealth, even if they did become successful, in the eyes of many it was not of their own volition as they had a lot of help from family or connections - and I can understand that sentiment.
Edit: I want to share something interesting I heard regarding baby boomers. Apparently one of the reasons creating your own company / business is so difficult now is because of licencing. It wasnt common that you'd need to pay for licences, and even less common for THEIR parents.. Especially if you were doing a family business like... Fixing cars!
usurious profit is the disease
how is this all legal and normalized i want to cry
Dumbasses voted for it. Slugs for salt., Roaches for Raid. Turkeys for Christmas.
That is why it's legal. The legal system is riddled with immoral acts that benefits corporate interests.
So the rich (who control politics) can get richer and the poor can get poorer...
It should be a crime to hoard that much wealth. I refuse to believe anyone needs or deserves £1 billion it’s just a ridiculous amount.
But what if they earned it? Should people aim to be a certain level of success and then stop prematurely to avoid over doing it?
That sort of wealth is inextricably tied to the exploitation of others. In a genuinely fair and just world, this would not be possible.
@@tomb9818 It often is you're right, particularly on the cases in the media. But you also shouldn't bite the hand that feeds you by default, assuming all business owners are bad. There's plenty of modest million or billionaires who keep out of the public eye (probably in part because they're scared of being brandished villains by those who make assumptions) and have built companies that have paid thousands of people fair wages and given their employees a good and secure quality of life. You can get very rich making only a few pence profit per item if you're selling something everybody needs, you don't necessarily have to be exploiting your employees and/or customers to become rich. Personally I think we're blessed to live in a country where it's easy to start a business and everyone is free to do so or if you choose there are ample employment options, unemployment is going down further year on year. It is the business owner who accelerates innovation, providing better products are lower prices, that's a role government will never achieve - at best governments can mange organisations, but not lead development.
@@cpengwin profit 👏 equals 👏 unpaid 👏 labour
@@cpengwin They should never be allowed to earn it. If taxes and wages were fairer they never would
Commenting so youtube knows I'm engaged and suggests more people here
There's nothing wrong with being rich and having aspiration. We should be supporting young people to aspire to something good.
I had a depressing moment when I realized that I have spent over $100,000 in rent over the course of ten years. People asked me why I didn't just buy, and I pointed out that having a six-figure student loan debt means that debt to income ratio would be far too high to get a loan for a house even if I could save enough for a down payment. And my income is supposed to be enough to put me into the middle class.
How the hell did you get a 100000
@@2bobaf I have two master's degrees. The second was an attempt at a PhD (religion, with my dissertation topic the moral language and authority claims of the Cross of Gold speech at the 1896 Democratic convention that propelled Bryan to the nomination), but I couldn't demonstrate written proficiency in German. Grad school is expensive. I have another friend who racked up over $200,000 in loans going to law school.
@@joesmith8701 Houses are cheap in the South.
@@joesmith8701 Yeah, I think that you're making that up. You're also missing the point that a) people need to save money for a down payment, which is far different when trying to pay off a massive debt already (or making payments while in a forgiveness plan), and b) even if you manage to do so, the debt to income ratio means that you can't get a loan anyway.
@@joesmith8701 It looks like you didn't go to high school, either.
End capitalism now. Trying to manage capitalism with taxation is a waste of time. Kill it now. Love how you got a chunky mark clip in! 🤣
@@j94c What do we do with the people who won't take part in our current society?
j94c - How would they resist? If there is no capitalism how does someone exist in a capitalist system?
I would also question how many would actually want to remain in a capitalist system?
1% do well, about 25% get along OKish (still have a very insecure life) and the rest get trampled on.
lol here's another bunch of murderous little dictators, freely discussing mass murder
lenny harry A dictatorship of the proletariat now. Capitalists and the bourgeoisie can leave if they don’t like it 👊
@@j94c Democratize their workplace as they watch watch us. If they don't like it they can leave.
The line "the top 1% of income earners pay 27% of income tax" is so disengenuous. If the top 1% earn less than 27% of all income, then yeah, they are paying more taxes per income. But if they make more than 27% of all the income, they are paying less.
This also ignores that 20% of a $20k income feels a lot worse than 20% of a $1 million income because with $20k you are already squeezing a budget together. With $1 million you could budget easily. You could also overspend more easily than you might think, but that's because there are expensive luxuries you could get. But, you have to be pretty dumb to make $1 million a tight budget.
@Sudhir Kakar flat rate is utterly garbage and could never be implemented. The richer you are, the smaller portion of your income you need.
A flat income tax would either fall woefully short of funding everything or literally kill millions because they can't afford food. Or both.
It is because I have pretty much spent my entire life in poverty that I am used to it and can 'cope'. It is also because I am IN this position that I can't subscribe to NM but hey, at least it's on here and we can all benefit from it!! Thanks to all. NB This is NOT sarcasm, it's genuine. This channel is (generally) spot on!!
Thanks Raptor! Just subscribe and follow us on social media and that'll do!
I know what you mean. Having a basic bank account meant I couldn't join the Labour Party.
@ people should just think themselves out of poverty?
@@tubthump No way; you nuts ? It's about action, not laziness. The whole key is 'what skill do you get?'. A person needs a small skill at first, so they can earn at least $20/hour. Then, once that's secured, they need to pursue their 'large skill' or career. That takes real dedication, and they can work 20-30 hours a week and pay for very spartan living costs. (even share a room). At the end of that journey, they won't be in poverty. That's how college students do it.
@ I'm happy my friend. I didn't say I couldn't 'cope'. I am more than happy where I am and in what I do. I'm not poor and I have a beautiful family. Money to me is a fairly insidious instigator of unhappiness. I don't know how old YOU are but your comment comes across as more than a little condescending, especially when it's directed at someone who you know absolutely NOTHING about. I'll just say that I'm a Great Grandfather to ONE little girl and she makes me swell with pride whenever I see her, similarly as with all our Grandkids and kids.
Thanks for fighting for those in need. 👏🌹 you’re a very beautiful person
I remember when electricity was being privatised and MPs were debating how to set up the new charges and rates for electricity prices. There was a huge cheer when they voted to load the highest costs on the lowest users, so that the less energy you used, the more you paid for it. If you used a lot, the prices went down. They also retained a 'standing charge' which was part of the means of funding the nationalised industry fairly. Keeping that was just direct taxation for the privateers.
Electricity key meters are even more of a rip off than you explain in your video because, although you are told that you can pay up to SIX MONTHS worth of payments in advance, if the rate changes during the period you have paid in advance for, you are still running down your money at the old rate which becomes a debt to the power company, You would think that you are paying for the electricity you use as you use it because the electricity turns off if the meter runs down to zero balance but that is not the case due to the possible change in rates during the period you paid for. I know this for a fact because I have been stuck with final bills of over £60 each the two times I have changed supplier to try to chase better prices for myself. I now refuse to change supplier and will stay with Scottish Power until I die and then they can spin for the artificial debt they will have built up for me on my behalf. People should be warned about this con.
In my opinion, whatever money you have paid in advance should guarantee that the money runs down to zero without creating a debt and the electricity you have purchased remains at the price you paid for it until you pay for some more at whatever rate it currently stands at. Key meter users should be able to expect that they pay for the power they use and not get hit with any further charges because that's how it has always been sold to the customer.
@Sudhir Kakar Wow, what a prick you happen to be. I wasn't giving an opinion on pricing terms, just warning people of the con that key meters are. There was a key meter in my flat when I moved in and I certainly wasn't going to pay for the meter to be changed when a key meter is meant to allow you to keep an eye on your usage.
As I have severe mental health issues that prevent me from working so have to rely on disability benefits, affording the basics of life isn't really in my power to control; that power exists in the hands of the government that has frozen benefits for years.
For your information, I have many skills (including initial java programming, teaching and editing qualifications) and I have done many voluntary jobs including reporter/columnist for a local news website, adult learner support worker and guest lecturer at a university. It's not my fault that no one will employ someone with my mental ill-health issues.
And you don't have to be particularly intelligent to give an opinion anyway as you have just proven so in conclusion - go shove your head up your ass.
I saw in a magazine in whsmith, that the higher payed are paying less in tax than the lower payed as a percentage of their pay. this information was gained from the ONS. I think that was taking into account all the indirect taxes we pay such as VAT, which everyone pays regardless of their income
in defense of being rich, poor people should have chosen to be born rich.
Nobody chooses to be born. You do'nt choose your parents, or social class. Its just not possible. Its not a person's fault their born poor.
Something really JME about the backing track on this one.
Also, EAT THE RICH
Compost the rich
@@ThatOneGuy7550 mmm, good call
Another terrible thing about those key cards is the shame factor. Having to go to your local newsagent and top it up must just add to the insult of being shafted by energy companies for being poor af. At least in the old days you could just put a 50p in the slot and that was that.
She really understand my pain right now.... IT'S HARD OUT HERE.
Taxes need an International standard assessment. Everyone, wherever they are in the world should be paying their fair share.
The poor pay more. Not only is it more expensive to be poor, it is also more stressful. My son is disabled and is living independently. The stress and hassle from the benefits agency is off the wall.
The rich are rich because 9/10 they have worked for it. I’m 18 and have just bought my first home. Not because it was handed to me, because I left school at 16 and worked 70 hour weeks and saved every penny. I’m lucky enough to have a well paid job because I work hard.
I’m sick of people moaning they have no money. Work a second job, a third job. You won’t get it handed to you on a plate and if you believe it will, you’ll still be on £10 an hour for the rest of your life.
The Tories talk about how they are letting people have an increase in their personal tax allowance as it's gone up to 12,500. What they fail to mention is that it means you're getting an extra 10-15 pounds a month. Wow so much rich.
Left Hook Socialism Doesn’t help when you’re an unpaid worker.
Keith Panton Indeed. Although we should be cautious of UBI - there’s a danger of it being politically disenfranchizing by “buying off” dissent or making a kind of untouchable class who everyone above a certain pay grade can ignore. Much as the likes of Jeff Bezos do today even without a UBI in place. I support UBI but I have reservations on how its implemented and perceived.
@@AtheistEve I think the way forward is through UBS because these are the fundamental services that we need in a stable functioning society. Free public transportation, Free education, free healthcare, Free broadband, Affordable housing and community centres. These are the building blocks of life that mould and support a person throughout their lives. Communities are the one that always come together to help their members out and that is the principle we need to follow and base our society around.
If you have UBS then it keeps people in these communities where they know they will have all these services and takes away the stress of paying your tuition fees, paying for your transport etc etc which cause stress and anxiety etc.
Looks like the trolls haven't made it here yet. Enjoy it while it lasts.
Don't worry, we'll be waiting for 'em.
There's a few heartless bastards in a couple of threads
@@skyblazeeterno Champions of the "free" market.....
@Sudhir Kakar Social security paid for by working people's taxes and national insurance contributions is not "free alms". The trouble with you "free" market zealots is that you can't see the benefit of anything collectively procided (even though you presumably grew up in families). Why are you so keen to defend billionaires from paying taxes? Are you one of them?
@Sudhir Kakar That's right - you right-wing libertarians want just enough state to provide tax exemption for the rich while collecting the taxes of the working poor. "Neoliberalism" is actually misleading - it should be called "neofeudalism".
I agree with most of what you said except for the phrase " few people are getting richer because a lot of people are getting poorer". This world is not a zero-sum world where someone has to suffer to make up for the prosperity of another. We live in a world where value is creater out of thin air, literally. Therefore it is not necessarily the case that the gain of the rich are causing the loses of the poor.
Not sure that's true because while money is created out of thin air and technically infinite, it's really just a claim on goods/resources and there is not an infinite amount of those.. Also with things like wage exploitation and tax evasion/avoidance it is literally taking money from poor/middle income people and into rich bank accounts.
Great video! As someone who is obviously not native British, do you realise the reason you and your family were allowed to move to Britain was solely to make the rich richer and the poor and middle class poorer? All this mass immigration into Britain (and other Western nations) serves to ensure house prices continue to go up (so more people are forced to rent and pay more to rent/buy a house/apartment) and to ensure wages are low (due to an oversupply of people willing to work for less than what wages used to be). Even though you are not native British, the best thing you can do for the future of Britain is to oppose any further immigration into Britain. Without immigration housing prices and wages will stabilise and improve, for the population of Britain will not be rapidly increasing to its own detriment.
I used to knock doors and sell gas in the holidays from Uni in 1999 and realized back then how much more expensive it is to have a pre paid meter. It’s always been like this.
But you wanna talk about house prices go talk to Gordon brown, you’re boyfriend Jeremy’s previous.
"I wouldn't want to piss in 25 different places though". Love it.
There is an interesting conversation on the most recent Mark Blyth podcast which touches on regional income inequality. For example Corbyn talks about taxing the top 1% of earners. In london the top 1% of earners average salary is £770,000.00 but in cardiff that average drops to £100,000.00 so when you say you are going to tax the top 1% nationally this causes much contentious debate in the region you are in.
this video is as relevant as ever in 2022. thank you Ash Sarkar ♥️
Ash is the *perfect* combination of intelligence and beauty. One day I hope to meet a woman like her, but I fear nobody could live up to her lolsad ❤️🖤
Much the same here in the U.S. Ash. Bernie Sanders and the "Green New Deal" 2020!
Why Is It So Expensive To Be Poor? Because poor people can be exploited. The solution is not to demonize the rich, it's to make poor people no longer poor. Give poor people a basic income and then they can't be exploited anymore.
It doesn't work that way. It maybe possible but the society is never gonna go through with this.
The musician Bruce Welch was being interviewed last week talking about his career,he mentioned when he was starting out with no money he was in a lot of debt paying for his instruments etc but when you've made it and now can afford to buy these things people are queuing up to give it to you for free. Now I'm rich I don't have to pay for anything
can someone explain why poor families are forced to use prepaid meters?
well said lady! and its only getting worse.
Ash, you are so right about utilities, the charging methodologies to the poor are immoral and totally unjustifiable. There should be a national campaign over this led by labour. Even the key numbers have 18 digits which takes longer to say on the high tariff phone calls you have to make to renew them or talk to the energy provider. A small point but just goes to show how little these companies think/care about their poorest users.
What an absolutely breath of fresh air!!
Truth hurts and isnt easy to explain! Well done i love this channel.
Nothing wrong with private landlords, it’s been a private landlord that allowed me to retire at 45. I look after my tenants and I have a couple of good builders and plumbers I always use for repairs. I’ve never understood landlords letting repairs go un repaired
A remedy for the extremes of wealth & poverty "must be legislative readjustment of conditions." ~ The Promulgation of Universal Peace, Baha'i Faith
@Sudhir Kakar Your points are well-taken, but a state has to serve its people. The hope is that the future will bring educational opportunities, less discrimination against females, and helping solutions. "When the love of God is established, everything else will be realized. This is the true foundation of all economics." - Promulgation of Universal Peace, Baha'i Faith
@Sudhir Kakar Your points are well-taken, but a state has to serve its people. The hope is that the future will bring educational opportunities, less discrimination against females, and helping solutions. "When the love of God is established, everything else will be realized. This is the true foundation of all economics." - Promulgation of Universal Peace, Baha'i Faith
@Sudhir Kakar Imagine this. 1) Man is one family. All religions teach it & science proves it. Man is a spiritual creature. That girl is your sister. 2) The top 10% own at least 70% of the wealth, taxes should be fairer. 3) Politicians care for themselves & associates. Ever hear of a "poor class" of politicians? In the US, senators have more funds & benefits then any king ever did. 4) War & conflict are the thief of education & she's needs at least that. 5) Females need more help from man, enough centuries of discrimination. 5) Governments & leaders are responsible to care for all their subjects.
@Sudhir Kakar You need to watch world news on equality. About four-in-ten working women (42%) in the United States say they have faced discrimination on the job because of their gender. They report a broad array of personal experiences, ranging from earning less than male counterparts for doing the same job to being passed over for important
assignments, according to a new analysis of Pew Research Center survey data.
I have a powerful thirst for Ash. But more importantly she's 100% right!
And don't forget shifting the tax burden to individuals by lowering corporation tax for the last ten years.
I know young professionals in London who have only managed to get on the property ladder because of a hefty handout from their parents. Like a £100,000 handout.
Sudhir Kakar point taken, but that’s not the point I’m trying to make. I’m saying that it’s a sign of these times that young professionals need a handout at all. The parents giving these handouts didn’t need them as they didn’t come of age in the economic wasteland that is the early 21st century. Young professionals shouldn’t have to rely on anyone’s handouts.
Sudhir Kakar previous generations didn’t necessarily rely on university degrees to gain successful careers. There were apprenticeships and also grants given to people who wanted to go into further education. In past times you could leave school, get a good job and get onto the property ladder entirely independently of your parents. Nowadays this seems much less likely if not impossible.
Sudhir Kakar so you think globalism is the culprit here?
Sudhir Kakar there very much IS a culprit here. In Britain as it is in India. It’s the fact that taxes are formed to make the rich richer beyond avarice and the working class (at least in the uk and us) have to live beneath the bread-line.
Both China and India have amassed wealth by producing material to be consumed by the West. What happens to their economies when the West overall can’t buy the stuff they are outputting? We’ll have to wait and see what the outcome to that one is. It’s not going to be pretty.
Sudhir Kakar you obviously have no idea. So Amazon pays no tax whatsoever but gets away with it on the basis that its workers pay income tax on their meagre wages. The result of this tax break has made Geoff Bezos the richest man on the planet. And that’s just one example of how the private sector gets away with contributing anything to greater society while its working class employees struggle to make ends meet and are taxed all the way. You must be sleepwalking through life to not know any of this, my friend. Conservative governments always sidle up to the rich in this way; promising lower tax rates in trade for their votes.
Whomever China have in their sights to trade with in future is quite obvious. However it was the lifting of trade restrictions with the US under Nixon in the 70s that directly caused the upwards turn in China’s fortunes and sees them as the superpower they are today. Capitalism doesn’t work unless the numbers increase year after year. It doesn’t really matter if countries take bread from the mouths of their own people to do so.
Really good subject matter. I pay more in rent than the mortgages of my richer friends.
Ray Ribeiro That’s been the case since mortgages were invented. People with mortgages have to pay for all the maintenance and are unlikely to get help (housing benefits) with their mortgage payments if they lose their income. The main problem with rented accommodation is getting the landlord to keep it maintained and getting the fabric of the building updated regularly (or at all).
You know what equity inflation is, right? 🙄
She's soo pretty, and fights injustice. I love you ashhhhhh💘💐💖❤️
What a great and informative video 😀
This was like 3 years ago and what’s changed nothing it’s just got much much worse
I had literally no idea prepaid utilities were a thing until now.
Civil disobedience is the only way ! We shouldn't wait any longer , it's time to fight for a just society !
Global worker solidarity, from the USA! GO LABOUR!!!!
I have lots of money but I still using prepayment key trust me is cheaper than British gas stay with EON 😉
Post a series of similar videos teaching Marx’s Capital
The older I get, the more I dislike capitalism.
Or specifically, capitalism as the answer to everything.
We should be aiming at socialism for the absolute basic necessities of life, capitalism for the luxury, ego and status items.
@Sudhir Kakar why?
If the basics of life were just enough space to live, just enough basic food to survive, free books for entertainment.
If you set the base that low, all it does is create a stable floor that costs less than the current situation.
I'd wager that the vast majority of people would then find real work and add value to society.
@Sudhir Kakar "Then you'd just have a bunch of lazy people living off the productive. " We have that, it's called Capitalism.
Preach the truth, sister!!!!!! Subscribed!
look i agree that all of these issues are absolutely disgusting. but i think an extreme form of socialism (that you’re alluding to) is really the answer. i like this video though, it explains a lot about the hardships of the average working person in the uk! this needs to be heard by everyone.
This video was hilarious! Well done
Ash rocks!
If this type of mentality becomes popular we are completely fucked. News flash, you can be rich too.
It's not just about getting the most out of employees I don't think. If an employee is more productive than expected then they can get the chop for that as well - as employees not being as exactly productive as demanded (with that is too little or too much) messes up the tight production processes many businesses have. For example 'just in time' processes. Business don't want lose changed and they dont want accumilated labour that can be fully utilised constantly. It's bizarre how it is all about 'time' it seems.
I like these short videos which explain something from a leftist perspective
Great video. It more expensive to be poor. Mortgages cost much less than rental payments.
Money itself is more expensive for the poor.
Real talk💯✔
As a family in a 2 bed property we use £35.00 a week electric with SSE,we looked on Symbio Energy,we could have a MONTHS electric for £34.00 BUT we can't have it , we can only get a Pay as you go, they do not accept PAYG metered customers. @redwiltshire
Your videos are awesome. TY!
But its poor peoples fault! Why don’t they just turn their heating off or don’t eat? Hmmm i bet you didnt think of that!
Truer words have never been said.
I was talking to my electricity and gas supplier (both with same firm) the other day and I was told recently the law has changed so prepayment meter and billed meters NOW charge exactly same tariffs, can someone tell me if this is TRUE or was the firm just BLAGGING ME????
Labour is right to tax the rich , but they are complaining they are not want labour to be in power
Ash is fantastic as always.
Ash explain how the tax system works and how the rich all ways pass it onto the poor to be paid. If any of you read the Magna Carta aka the Great Charter, this is how the tax system should really work, the poor should never pay any tax, only those who own property, have a business or run a busines or takes part of the profit with out working for it, should be the only ones that should pay tax, they knew back then tax at any level and the poorest will pay for it all
No they do not. My leccy is only £1 per day. I have never been in debt in my whole life. I eat well too. It is about how you budget.
Which energy supplier do you use, just as a matter of interest? And how much do you earn?
Your making very important points that more people need to hear. However, when people tell others to move they don't mean to move to a town with no jobs but perhaps out of London and to other major cities such as Manchester where the cost of housing is more affordable. And there are jobs in Manchester. For example, to own a 2 bedroom flat in London would cost on average 770, 500 whilst in Manchester it is 207, 800 a substantial difference.
@Sudhir Kakar She wasn't 100% correct with everything she said but nevertheless she's a hero for speaking up for the poor and oppressed.
I also buy the boots Sam Vimes does.
Because its ignorance and lack of discipline that makes poverty expensive. Just read Corbyn's manifesto.
The Sam Vimes theory of economics.
Why don't the world's poor rise up and sack the rich???
They have no time. Their too busy working and struggling to take care of themselves.And they dont really have a choice but to do so. Or at least not a hard selection of choices.
Well nothing has changed for 4000 year's still idiots with all the gold preaching lies to us all. We do nothing now it will get so bad when they police us with ai robots 😂😂😂
thanks for covering this
Tories been in Power , if you watch the parliament Labour been trying to be in the poor people , but Tories been blocking all the time
I think I'm the only person who's had an opposite experience when it comes to utilities. Although I think utility companies in general rip people off, I always had credit meters and would constantly get letters saying I owed hundreds and in some cases thousands of pounds on my bill. Even though I read the meters and knew how much I was using and should be paying.
But the last time I moved house it had prepayment meters already in and the unit rate was exactly the same as the one I'd had at my last house even though that had been a credit meter.
But what did drop significantly was how much I was paying. It went from £120+ a month on the credit meter (still with an ever increasing "debt") to £40 a month. With no threatening letters because the utility company could no longer accidentally-on-purpose make a "mistake" on my bill.
For that reason, I stuck with the the prepayment meters and for the first time in 20 years do not have any problems with gas and electric.
I thought this was going to be about USB drives.
You are painting all rich people as tax dogers. This is patently not the case. The vast majority of the wealthy in the UK pay their fair share of taxes (i.e. the tax rates, don't use aggresive tax avoidance).
See you next time, Ash!
Bro In Australia you make
35 aus an hour working for amazon
is that good or bad considering expenses in Australia?
incognito incognito that’s really good bro
Like you’ll be able to live easily without hassling about money much
I was shocked that 1 unit of electricity here costs £1!! That's insanely expensive
Can someone make a video debunking this
I love you Ash
And you Ian Lavery. Proper Labour heads x
Since the utilities privatisation, we find consumers all paying different prices for the same gas or electricity, coming to our homes down the same pipes or wires, this is wrong! Bring it back to public ownership. It was ours in the first place, the Tories sold it to us as shares when we already owned it. How did they get away with that? In this privatised system the elderly and poor are being ripped off, not having the opportunity to shop for better deals, being that they may not be computer savvy or stuck with pre pay meters.
Most also don’t see what goes on behind the scenes to drive utilities costs down.
I worked for a supplier into the water utilities for many years and I was disgusted by the cost cutting that went on that potentially exposed a human health risk.
I lived in the UK for a while. I had prepaid gas. Every time I had to recharge the card it felt like a scam.
@@joesmith8701 Did you compare it with how much it costs through a contract?
@@joesmith8701 How much energy were you consuming? Or what kind of devices were you using, for how long?
@@joesmith8701 Assuming a 20w light and a 10w charger that is only using those 10w for half a day (probably much less) that's 0.75 pounds per week with current average UK prices.
Hit nail on head as usual! Why don’t people get it?
Thank you
Did she mention Camelot scratch cards?
EAT. THE. RICH.
Where can I find the references for these claims? They are shocking. I'd love to do some further research of my own. Thank you, Ash and Novara Media. Best media group hands down
can someone explain - is it or is it not true then that the highest 1% of income earners account for 27% of all income tax?
I expect that to be true as the top 1% earn astronomical amounts of money. However that's not what the video is disputing, its the fact that the top 1% pay overall less tax as a percentage of their total earnings than lower earners do. So actually it should 40% of all income tax for example.
Teach fanacial literacy in schools
True , real democracy and true, real capitalism, can NEVER coexist.
@Sudhir Kakar not true, because we have a REPRESENTATIVE DEMOCRACY, we don't have a direct democracy system here in America . You vote for representatives not directly on laws or issues
@Sudhir Kakar lmao. I will let the insults just flow off my shoulders .
So sad .
@Sudhir Kakar you have no idea what you're talking about. I minored in political science . I honestly have no idea where this disagreement is . Its like you WANT to fight. Why?
@Sudhir Kakar i I haven't insulted you 1 time.
I have prepaid metres.