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Pod Save the UK

Why is it so hard to tax the rich? Would it fix our economy? With Gary Stevenson

Pod Save the UK

Crooked Media

News Commentary, News, Government, Politics

4.61.2K Ratings

🗓️ 9 June 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

The UK’s sorry state of affairs when it comes to water and railways is both a massive problem and an opportunity for the incoming government. Water companies are teetering on the brink of collapse and it feels inevitable that they will soon fall back in to public ownership. But how can we pay for renationalised services?

Transcript

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0:00.0

The UK's economy is broken.

0:04.4

So how can we fix it?

0:05.8

Is the solution of wealth tax or is the solution nationalization?

0:09.2

What I'm saying is, should we slap a wealth tax on Adele or should we simply nationalise her?

0:13.6

I'm Coco Khan and I'm Nish Kamar and this is Pod Save the UK.

0:17.6

Hello everyone welcome to the show.

0:20.9

It is election time and so we are coming at you with some extra

0:24.0

episodes and this week we are looking at ways to fix the UK economy. It's going to be a

0:28.6

massive issue in the election and it feels like both of the parties are trying to avoid talking about actually

0:35.3

getting into specifics of how they'd reshape the economy and to some extent

0:39.0

seem to be in denial that the economy needs reshaping at all.

0:41.8

Well don't worry because whilst they're in denial

0:43.8

and won't talk about it, we will.

0:45.7

So we're chatting with Gary Stevenson, the Economics YouTube Superstar

0:50.0

and Cat Hobbs from We Own It.

0:51.8

First up is Cat. Just a quick note, this interview was recorded last

0:54.9

week before Labour announced its GB Energy Policy. The privatization of public assets began in the 1980s during the Thatcher years,

1:07.0

water, energy, railways, Royal Mail, and we were told that privatization would mean better services, savings for the government and an

1:14.1

uplift in investment. But in many cases privatization has been a disastrous failure.

1:19.7

No example is more apparent than the case of our rivers and waterways, often literally full of

1:25.2

shit as our overloaded system struggle to cope.

1:28.0

Energy bills have skyrocketed, water companies are trying to raise bills by as much as 90%. Investment in services only seems

...

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