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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

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.

Garys Economics
Why Jeff Bezos wants to cut your taxes

We can't just like suddenly create more money.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Jeff Bezos gets more money and you get more money.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But I think it will appeal to some people.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It's taken advantage of like a lack of economic understanding, this idea that like,

Garys Economics
Why Jeff Bezos wants to cut your taxes

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.

Garys Economics
Why Jeff Bezos wants to cut your taxes

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.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And he takes that sort of like machine gun.

Garys Economics
Why Jeff Bezos wants to cut your taxes

He starts firing money into the audience because, of course, we can print out money.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But at the end of the day, there is competition for real resources.

Garys Economics
Why Jeff Bezos wants to cut your taxes

We exist in economies where billionaires pay very low rates of tax.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Jeff Bezos himself has paid, if you look at his life, he's worth about $280 billion.

Garys Economics
Why Jeff Bezos wants to cut your taxes

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.

Garys Economics
Why Jeff Bezos wants to cut your taxes

You're paying 50%.

Garys Economics
Why Jeff Bezos wants to cut your taxes

His class is getting aggressively richer.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Your class is getting aggressively poorer.

Garys Economics
Why Jeff Bezos wants to cut your taxes

You don't know these things.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And he's saying, listen, come with me.

Garys Economics
Why Jeff Bezos wants to cut your taxes

I'll get richer and you'll get richer.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And what this