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Gary Stevenson

πŸ‘€ Speaker
3054 total appearances

Appearances Over Time

Podcast Appearances

Garys Economics
Why Jeff Bezos wants to cut your taxes

Why is he saying that?

Garys Economics
Why Jeff Bezos wants to cut your taxes

Really, the answer is very, very simple.

Garys Economics
Why Jeff Bezos wants to cut your taxes

In order to know that, we just simply need to see the question that he was answering.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So here is the question that Jeff Bezos was asked, and his response was cut taxes on teachers.

Garys Economics
Why Jeff Bezos wants to cut your taxes

OK, so the question was quite delivered in quite a roundabout way by CNBC.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Basically, everybody's talking about taxing the super rich.

Garys Economics
Why Jeff Bezos wants to cut your taxes

You are super rich.

Garys Economics
Why Jeff Bezos wants to cut your taxes

What do you think about it?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And that is the question in response to which Jeff Bezos eventually got round to saying, I think that ordinary teachers should pay less tax.

Garys Economics
Why Jeff Bezos wants to cut your taxes

um now if we first analyze this uh from an economic perspective at a surface level this is like quite a like strange argument right because just that it's most basic you so jeff bez has very intentionally picked a salary level 75 000 a year which is quite close to the american average

Garys Economics
Why Jeff Bezos wants to cut your taxes

you the average man or woman paying less taxes is just quite obviously not a substitute for billionaires paying more taxes right like if we're in a situation where government needs more tax money and Jeff Bezos says how about instead of that we charge ordinary workers less tax money that doesn't solve the problem of tax money right this is a bit like

Garys Economics
Why Jeff Bezos wants to cut your taxes

You and I go to a restaurant and you know that I'm like loaded because you've been reading the Daily Mail and you are struggling for money.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And you say at the end of the meal, hey, listen, you know, how about maybe, you know, you cover this one.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And I say, listen, forget about that.

Garys Economics
Why Jeff Bezos wants to cut your taxes

I've got a better idea.

Garys Economics
Why Jeff Bezos wants to cut your taxes

I'm not going to pay for it.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But how about you don't pay for it?

Garys Economics
Why Jeff Bezos wants to cut your taxes

Like this is it.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It doesn't really...

Garys Economics
Why Jeff Bezos wants to cut your taxes

Especially in the UK context where, you know,