Gary Stevenson
π€ SpeakerAppearances Over Time
Podcast Appearances
When you understand that, you realise that this idea that Jeff Bezos is suggesting, how about you let me keep my money and then I will give you more money, is like kind of like a nonsense.
We can't just like suddenly create more money.
Jeff Bezos gets more money and you get more money.
But I think it will appeal to some people.
It's taken advantage of like a lack of economic understanding, this idea that like,
There's an American movie from a few years ago called Idiocracy, which I actually tried to watch and I didn't think it was actually a great movie.
But there's a great scene where, you know, there's a guy who's running to be president and he says, well, what I'm going to do is I'm just going to give everybody more money.
And he takes that sort of like machine gun.
He starts firing money into the audience because, of course, we can print out money.
But at the end of the day, there is competition for real resources.
We exist in economies where billionaires pay very low rates of tax.
Jeff Bezos himself has paid, if you look at his life, he's worth about $280 billion.
He's paid, I think, something like $8 billion of tax, which means on his lifetime income, he's paid something like 3% on his whole lifetime income.
You're paying 50%.
His class is getting aggressively richer.
Your class is getting aggressively poorer.
You don't know these things.
And he's saying, listen, come with me.
I'll get richer and you'll get richer.