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Gary Stevenson

πŸ‘€ Speaker
3054 total appearances

Appearances Over Time

Podcast Appearances

Garys Economics
A wealth tax in the UK is becoming unavoidable

People who watched my video before Keir Starmer came in will see, it's easy to forget, you know, Keir Starmer won an electoral landslide only two years ago and was, at least for a brief period in time, pretty popular.

Garys Economics
A wealth tax in the UK is becoming unavoidable

He came in, he presided over a massive collapse in living standards, and now he's basically the most unpopular man in the history of the country.

Garys Economics
A wealth tax in the UK is becoming unavoidable

So the new prime minister, when they come in,

Garys Economics
A wealth tax in the UK is becoming unavoidable

is really going to have to have a story on the economy and on living standards and how they're going to stop living standards from falling.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And it's not going to be easy to do that.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And I think the UK is in quite a specific situation here.

Garys Economics
A wealth tax in the UK is becoming unavoidable

Because

Garys Economics
A wealth tax in the UK is becoming unavoidable

borrowing costs are so high for the UK government, it's very difficult for the UK to borrow money.

Garys Economics
A wealth tax in the UK is becoming unavoidable

So it's going to be very difficult for any new Prime Minister to come in and start spending money quickly.

Garys Economics
A wealth tax in the UK is becoming unavoidable

It's going to be very difficult for them to stop living standards from falling in the short term.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And if I'm totally honest, I think becoming UK Prime Minister right now is a bit of a poison chalice.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And

Garys Economics
A wealth tax in the UK is becoming unavoidable

If I'm being straight up, I think they are going to be kind of desperate for a new economic story that establishes them as different from Keir Starmer and serious on the economy and living standards.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And for that reason, I think we are in an incredibly strong situation.

Garys Economics
A wealth tax in the UK is becoming unavoidable

So because of the work that we've done here over the years and all the other great people who work on this, Tax Justice UK, Patriot Millionaires, and of course, all of you who watch this channel, we have pushed wealth taxes really into the spotlight in the economic conversation.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And they're incredibly popular with the public, including

Garys Economics
A wealth tax in the UK is becoming unavoidable

right wing voters, voters of conservative and voters for reform.

Garys Economics
A wealth tax in the UK is becoming unavoidable

They're really, really wanted.

Garys Economics
A wealth tax in the UK is becoming unavoidable

They have the capacity to

Garys Economics
A wealth tax in the UK is becoming unavoidable

bring money, desperately needed money, into the UK government coffers.