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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

They use this confusion between a billionaire and a millionaire such that when somebody like me or somebody like Gabriel Zucman or somebody like Zoran Mamdani or Zak Bielanski says increase tax on the very rich, they want you to think we're trying to tax you.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And it's this classic bait and switch that when I say tax the super rich more, they say, watch out for Gary.

Garys Economics
Why Jeff Bezos wants to cut your taxes

He's trying to tax you more.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And that is why I've been really aggressively focusing on this like tax wealth, not work message.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Now, tax wealth, not work is, you know, although it's extremely concisely summarized, it is a coherent economic message because we take some money from this group and we give that money to this group.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And it's like balanced from a government perspective.

Garys Economics
Why Jeff Bezos wants to cut your taxes

What Jeff Bezos is suggesting, which is tax me less and tax you less.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It raises the obvious question of where does that money come from?

Garys Economics
Why Jeff Bezos wants to cut your taxes

I mean, what Jeff Bezos actually said was, should we tax you more?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And he's like, don't talk about that.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Let's tax the viewer less.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And he's doing this thing which I often do in my interviews, which is when I'm being interviewed by someone who is maybe a bit of a dickhead, which happens sometimes, rather than debate the interviewer, who is often debating me in bad faith, jump over the interviewer, go to the audience and say, listen, I'm the one who is on your side, basically.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And Jeff Bezos is doing this.

Garys Economics
Why Jeff Bezos wants to cut your taxes

But it has the obvious weakness of where does the money come from?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And the interviewer picks it up and says, OK, you want to tax ordinary people less.

Garys Economics
Why Jeff Bezos wants to cut your taxes

How about we fund that by taxing you more?

Garys Economics
Why Jeff Bezos wants to cut your taxes

So this is Jeff Bezos's next argument, which is, it's kind of, the shallowness of his first argument, which is like, hey, let's just not tax anyone, is,

Garys Economics
Why Jeff Bezos wants to cut your taxes

exposed pretty quickly.

Garys Economics
Why Jeff Bezos wants to cut your taxes

That was I don't think you'll find any economists that say like this is like really feasible.

Garys Economics
Why Jeff Bezos wants to cut your taxes

Just don't tax anyone.