Gary Stevenson

But the news I have for you here is that society shake up is happening.

if we don't do anything from the current position then wealth inequality will increase and the middle class will dissipate and that is you that is you you are part of the middle class so if you want to be socially conservative if you want to protect your position in the top 10% if you want to protect an economy which has a welfare state and has the ability for working people to own assets you need to be supportive of wealth taxes

It's kind of beautiful, I think, to have sort of pushed the economist into a situation where it has to openly, simultaneously oppose and support wealth taxes because it is the only way that they think they can stop wealth taxes from happening.

That they can say, listen, we're adamantly opposed to taxing the rich every one year.

What we want is to tax them every 30 years in a way that we know we'll never politically get.

Like, I think it's it's kind of beautiful the way that we've kind of run rings around intellectual class and forced them to basically expose and I hope exposed to themselves, like the lack of intellectual integrity behind their arguments.

You know, and if you're out there, you know, working for The Economist, please explain to me why you think an inheritance tax is better than a wealth tax.

Why wealth taxes only work if they happen specifically the day your dad dies.

Like, please explain to me.

But at the same time, I probably shouldn't take such glee because the fact is, you know, we we do need these people.

You know, we need the intellectual classes to to some degree support this at the moment here in the UK and across the world, really in France and America, wealth taxes are overwhelmingly supported.

by the public and are being blocked by the intellectual class.

This is why I was so keen to get Gabriel Zucman over here.

If you haven't watched the Gabriel Zucman interview from a couple of weeks ago, you should definitely watch it.

We really do need to find ways and to find communicators who can communicate to this kind of what here in the UK we would call the middle class, but it's really that sort of top 10%, that top 5% that the status quo is not working for them.

But ultimately, again, ending on my message of hope, I think the fact that we're getting on the front cover of things like The Economist and we're getting spoken about by top level politicians all over the world, it's just another message of just like, what an amazing job.

what he's done to me, patting myself enormously on the back.

Yeah.

And, you know, even in The Economist article, you know, the reason they're doing this and they make it clear is because they are worried that what used to be, you know, fringe ideas are going to influence governing parties.

They're talking about the concern of the influence on the Labour Party.