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 over the last 12 months — 16 in all, peaking in Jul 2026 with 6.

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Garys Economics · Elon Musk is the world's first trillionaire. How scared should you be? · 21 Jun 2026 podcast

Those assets will give them more passive income and they will use that increased passive income to buy more assets that those assets will give them more passive income.

And I think it was very clear and it has been very clear really for as long as we have had an untaxed billionaire class.

that in the absence of some sort of change to the taxation system, we will move and we are moving very quickly into a world situation where increasingly approaching all of the world's wealth is owned by an incredibly small number of people.

And the speed at which that is happening, I think is really clear from the fact that as I've said six years ago, 300 billion pounds was three times the wealth of the world's richest man.

And now the world's richest man.

So that means the world's richest man was worth about 100 billion pounds.

And now the world's richest man is worth more than a trillion dollars.

OK, it's like currency mismatch there.

But what you're seeing is that these guys are growing their wealth.

You know, that's a rate of about 40 percent annual growth in 2020.

you know, Western economies are growing about 1%.

So I think what we can see just in this one simple news story, we should be able to see like a relatively clear vision of the future, which is that Western economies grow at 1%.

And the growth of specifically Elon Musk is perhaps bigger than other billionaires, obviously, because he's become the world's richest man.

But, you know, if he's going at 40%, other billionaires are growing at, say, 10, 20% in economies that are growing 1%.

what you will see, what we are seeing is just basically the very aggressive gobbling up and sucking in an exponential accelerating rate of all of the wealth.

And what you really need to understand is this is not like an an abstract thing that happens in a world that you are not in.

That includes the gobbling up of your wealth.

So when you see Elon Musk

becoming a trillionaire what I want you to see in that is the homelessness of your kids and your grandkids this is like the inevitable logical consequence of the incredibly rapid untaxed wealth growth of not just Elon Musk but the entire billionaire class is it is simply impossible for you and your family and your community and your kids

to compete for asset ownership in a world where there are men who are accumulating wealth at a rate of $137 million a day in a way that is exponentially growing.

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