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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

You know, they know they're going to come in in a context of falling living standards and they know that that's going to risk falling popularity for the new prime minister, Andy Burnham, whoever it is, and that we need something quicker.

Garys Economics
A wealth tax in the UK is becoming unavoidable

We need something now.

Garys Economics
A wealth tax in the UK is becoming unavoidable

We need something to deliver now.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And unfortunately, you know, the UK government has reached this situation where

Garys Economics
A wealth tax in the UK is becoming unavoidable

and I think this has been like really, really clear from what happened to Keir Starmer, you can't deliver quick fixes if you are unwilling to deal with a long-term problem.

Garys Economics
A wealth tax in the UK is becoming unavoidable

So just after Keir Starmer and Labour won the election in 2024, I happened randomly to like bump into somebody who was like quite a senior in Labour and they knew who I was and I knew who they were and I said to them,

Garys Economics
A wealth tax in the UK is becoming unavoidable

hey you know like well done on the election um but you know probably maybe you're already aware of this but like if you don't deal with that growing inequality problem like you you you're going to find very very quickly that you can't do any of the other things that you want to do um and you're going to be i think what i said was uh you know i don't envy your situation um it's going to be incredibly difficult if you don't fix this thing um and what that person said to me at that time was

Garys Economics
A wealth tax in the UK is becoming unavoidable

Oh, don't don't worry, because we've got a common strategy for that.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And I remember my stomach like sinking.

Garys Economics
A wealth tax in the UK is becoming unavoidable

I want this to be a lesson, you know, to, you know, I don't hate labor, you know, I don't hate Starmer, but you cannot make that same mistake again.

Garys Economics
A wealth tax in the UK is becoming unavoidable

You cannot come into power

Garys Economics
A wealth tax in the UK is becoming unavoidable

with an unwillingness to get to grips with the long-term problems of the country and then be surprised when living standards collapse.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And I know, I understand, I fully understand that you want short-term wins in this.

Garys Economics
A wealth tax in the UK is becoming unavoidable

I don't see those short-term wins being available.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And I think I need you to be honest with yourselves and to be honest with the British public and to turn around to the British public and say, listen,

Garys Economics
A wealth tax in the UK is becoming unavoidable

The situation is fucked.

Garys Economics
A wealth tax in the UK is becoming unavoidable

But we are the people who are going to do the work to seriously fix the long-term problems of inequality in this country.

Garys Economics
A wealth tax in the UK is becoming unavoidable

And if you do that, I fucking promise I will work my tits off to make sure the British public believe you.

Garys Economics
A wealth tax in the UK is becoming unavoidable

If you can show me that you are serious in fixing the long-term problems,

Garys Economics
A wealth tax in the UK is becoming unavoidable

of the British public, then I will make do the fucking and I'll get all every fucking influencer I know to do it as well.