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Gary Stevenson

πŸ‘€ Speaker
3422 total appearances
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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,

Garys Economics
Why Jeff Bezos wants to cut your taxes

government finances are quite stretched, but increasingly US finances are quite stretched as well.

Garys Economics
Why Jeff Bezos wants to cut your taxes

The US has a large and a large deficit and a large and rapidly growing debt and borrowing costs in the US are rising like they are here.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It doesn't.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It's a strange argument, right?

Garys Economics
Why Jeff Bezos wants to cut your taxes

It's a strange argument to say, OK, well, tax money is needed.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So instead of me paying more, how about you pay less?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And it would be easy.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And before I made this video, I watched a lot of there's been a lot of US media about this and a lot of people kind of like

Garys Economics
Why Jeff Bezos wants to cut your taxes

on Jeff Bezos a little bit, but I think it would be easy to dismiss this as like, well, this is like a dumb argument, especially if you're viewing it from the UK perspective, because we had just a few years ago, we had a prime minister, Liz Truss, who basically came in like with this tax strategy of what we're going to do is we're going to cut tax on billionaires and we're going to use that to cut tax on working people.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And what happened is like basically immediately it caused like an enormous economic crisis.

Garys Economics
Why Jeff Bezos wants to cut your taxes

This is not a fully fleshed out

Garys Economics
Why Jeff Bezos wants to cut your taxes

economic argument, but I think it's a bit rash to, to immediately disregard it because I think to a degree it is an intelligent argument from a kind of like a rhetorical, like a persuasive perspective for like a very simple reason, right?