Gary Stevenson
speaker
5,834 appearances
16 recordings
3 series
first heard Apr 2026
last heard 26 Jul
Gary Stevenson’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 16 in all, peaking in Jul 2026 with 6.
Appearances
You see this all the time.
If you look at things like the Sunday Times Rich List in this country where you have things like suddenly Rishi Sunak, the former UK prime minister, he's famous now, so he appears on the rich list.
What we people who have been looking at inequality for some time have known for a long time is that we are not really making much serious effort to track how rich the rich are.
And this is another really good example of that.
Elon Musk has been a trillionaire for some time and suddenly we've realised that.
So the first thing you can learn from this is that we as a society are not really making any serious attempt to measure how rich the rich are or how fast their wealth is growing.
all right so my next question here is should you be worried just very coincidentally somebody um pointed something out to me in the first video i ever shot on this channel so um i started this channel in june 2020 so it's probably something like the six year anniversary of uh this channel perhaps maybe today cheers to gary's economics and all of you watchers
Somebody pointed out something in the first ever video, and I'm going to just show you a little clip of the first video we ever put out on the channel.
This is a little clip about the enormous amount of money that the UK government gave out during COVID.
This was right at the beginning of COVID.
And at that time, the total amount of money given out was about 300 billion pounds.
It ended up being more than a trillion.
But there's one little clip, which I think was really interesting in the context of Elon Musk becoming a trillionaire.
So this was sent to me this week that just six years ago when I started this channel I was talking about this unbelievable enormous amount of money 300 billion pounds and at the time that was three times the worth of the world's richest man who was at the time Jeff Bezos and now just six years later we are in a situation where that is
less than a third of the wealth of who is now the world's richest man Elon Musk so what this shows you is that in just six years we've gone from 300 billion was three times the wealth of the world's richest man to like the world's richest man is three times richer than 300 billion pounds like a 9x increase it's scary basically but I think what this shows you and the reason I wanted to cover it today
is I think it really shows you that the things that I talk about on this channel, and I've been really focusing for a long time on just some simple concepts, which is if you allow there to exist a relatively almost completely untaxed billionaire class, just through the powers of compound interest, their wealth will grow incredibly
quickly and they will start to basically gobble up all of the wealth of the rest of society and that's why you will lose your wealth and I think this week the week that we have sort of officially established the world's first trillionaire is just a great moment to sort of sit back and realize like that these things that I've been saying and these things that I've been predicting and in that video itself I make a prediction that we're going to see enormous rapid increases in the wealth of the richest people in the world
are happening and they are true and and that in a sense that they were always inevitable to happen because you know if we go back to those numbers you know we're talking about somebody who's worth a trillion dollars is going to be making 137 million dollars every day once you know that simple fact that a trillion dollars is going to give you 137 million dollars a day passive income
And you have any understanding of like how compound growth works or how exponential growth works.
And it's not just Elon Musk, other billionaires, they are going to use this enormous passive income to buy more assets from ordinary people, from the rest of society.
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