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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 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.

Garys Economics
Why Jeff Bezos wants to cut your taxes

You'll struggle to find that working anywhere.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So if you want to cut taxes on workers, which is what Jeff Bezos is really pushing, maybe we should tax you more.

Garys Economics
Why Jeff Bezos wants to cut your taxes

You Jeff Bezos.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And then Jeff Bezos again throws the ball away.

Garys Economics
Why Jeff Bezos wants to cut your taxes

It's another distraction, which is that no, actually, the real problem is

Garys Economics
Why Jeff Bezos wants to cut your taxes

a spending problem and uses this term which uses I think uses it seven times in the whole interview, which is skills.

Garys Economics
Why Jeff Bezos wants to cut your taxes

He says it's, it's a skills issue.

Garys Economics
Why Jeff Bezos wants to cut your taxes

And now he's moved the argument on to something which is, at least in theory, more economically feasible.

Garys Economics
Why Jeff Bezos wants to cut your taxes

So his first argument is okay, should we tax you more?

Garys Economics
Why Jeff Bezos wants to cut your taxes

And he's like,

Garys Economics
Why Jeff Bezos wants to cut your taxes

how about we tax working people less um and that's nice it's it's bait for working people because working people want to pay less tax but like it really is not economically complete because we can't just start taxing everybody less unless we want to do austerity um and in countries like the uk where we've seen austerity that's been incredibly painful so then he says okay okay

Garys Economics
Why Jeff Bezos wants to cut your taxes

we can tax working people less without taxing you more by cutting government spending.