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Gary Stevenson

πŸ‘€ Speaker
3054 total appearances

Appearances Over Time

Podcast Appearances

Garys Economics
Why does The Economist hate wealth taxes?

They don't have like the author's name next to the article.

Garys Economics
Why does The Economist hate wealth taxes?

Everything is just published officially by The Economist.

Garys Economics
Why does The Economist hate wealth taxes?

So we don't know specifically who writes it.

Garys Economics
Why does The Economist hate wealth taxes?

Obviously, The Economist will have an editorial line and they will probably tell the person who's writing it, you know, you have to be anti-wealth taxes.

Garys Economics
Why does The Economist hate wealth taxes?

So I suppose you could just argue, well, they're just delivering the line that they're given.

Garys Economics
Why does The Economist hate wealth taxes?

But, you know, in many cases, the people who, you know, I'm going out and I'm talking to politicians and I'm talking to civil servants, you know, I'm talking to senior members of important groups, you know, and think tanks.

Garys Economics
Why does The Economist hate wealth taxes?

And in many cases, these people

Garys Economics
Why does The Economist hate wealth taxes?

There's no way that they're worth more than Β£10 million.

Garys Economics
Why does The Economist hate wealth taxes?

Β£10 million is an enormous amount of money.

Garys Economics
Why does The Economist hate wealth taxes?

So what is it that is actually motivating these people to really go out to bat for the super rich?

Garys Economics
Why does The Economist hate wealth taxes?

Before I made this video in the last couple of days, I've been messaging a lot of people and trying to understand what actually is the psychology.

Garys Economics
Why does The Economist hate wealth taxes?

So, you know, if you're not from this world, which I increasingly am in, you may not be aware that once you go into sort of politics, think tanks, economics, academia, a lot of the more powerful voices do come from richer families and they are quite rich.

Garys Economics
Why does The Economist hate wealth taxes?

But, you know, 10 million pounds is an awful lot.

Garys Economics
Why does The Economist hate wealth taxes?

And most of these people are not worth that kind of money.

Garys Economics
Why does The Economist hate wealth taxes?

Sometimes I think they are influenced by like supporting their funders.

Garys Economics
Why does The Economist hate wealth taxes?

I think there's maybe like a little bit of sort of low key subconscious bootlicking going on, like, you know,

Garys Economics
Why does The Economist hate wealth taxes?

They've been they know that they don't want to piss off the rich.

Garys Economics
Why does The Economist hate wealth taxes?

They don't want to piss off the powerful You know, maybe their customers or maybe their funders are rich or powerful but I do think

Garys Economics
Why does The Economist hate wealth taxes?

that there is something sort of subconscious going on where these people who in many cases have worked hard to make a bit of money and they might be worth two or three or four million quid they've worked so hard to get that money that they just become incredibly protective of this idea which is we can never tax wealth because even though even though i'm talking about taxing over 10 they're just it's very sort of it's a little bit like

Garys Economics
Why does The Economist hate wealth taxes?

Gollum from Lord of the Rings, like my precious kind of thing.