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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

plays on is basically the fact that we all hate tax, we all hate politicians, we all hate the media,

Garys Economics
Why Jeff Bezos wants to cut your taxes

And we're looking for somebody else who's gonna save us, right?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And I think this reminds me very much of basically what Elon Musk does and what Donald Trump does, where they portray themselves as, I'm not a politician, I'm a businessman, I know how to make money, come with me, I'll get rich, I'll make you rich.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And I think it would be too much to simply dismiss this, right?

Garys Economics
Why Jeff Bezos wants to cut your taxes

You know, these guys, what they're trying to do

Garys Economics
Why Jeff Bezos wants to cut your taxes

is portray themselves as the sensible guys in the room, the guys who are smarter than the politicians, and really, they're kind of fishing, you know, this is like $1,000 on the end of a hook, and they're hoping that you will bite that, and you will accept a system which is aggressively impoverishing you.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So when I see this, what it tells me is that, obviously, here in the UK,

Garys Economics
Why Jeff Bezos wants to cut your taxes

The voice of the wealth tax movement is, is me and I run, I am, you know, a financial trader, and I run essentially this economics educational channel.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And everything I do is about educating the public, that if you don't want to get poorer, you have to tax the rich.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But in other countries like the US, where I'm not such a well known voice, a lot of the argument has been about fairness has been about justice.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And it is vulnerable to basically somebody who is a billionaire coming in and saying no, ignore that.

Garys Economics
Why Jeff Bezos wants to cut your taxes

these guys aren't talking about how to make you rich, I will make you rich.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So I think the next thing you should recognise when you see this argument of let's not tax me more, let's tax working people less is

Garys Economics
Why Jeff Bezos wants to cut your taxes

I think it highlights a little bit the stupidity in a way of the way we discuss tax in the media which is we talk about we should tax this people more this people less and sometimes we talk about spending we should do more of this spending or we should do less of that spending without realizing that these things have to be funded essentially.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And people are only really able to come out with these sort of ridiculous suggestions, like let's just tax everybody less, because we don't connect the tax side and the spending side.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And you know, obviously, there is also the option of borrowing more, but or even printing money.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But whenever you say we should cut taxes, you need to be clear, okay, where is that going to come from?

Garys Economics
Why Jeff Bezos wants to cut your taxes

Where is the money going to come from, basically, in whichever way.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And this is why

Garys Economics
Why Jeff Bezos wants to cut your taxes

from a couple of years ago now we've really been pushing the like the tax wealth not work message because even in this country i think that from very very early on because people don't really understand the difference between like a billionaire and which is a billion is just an insane amount of money it's like it's really not in any way realistically attainable to an ordinary person whereas a million is still maybe something you could get if you manage to get a good job or if you inherit a house from your parents