Garys Economics

More and more of what you pay in tax goes on government debt interest, rather than funding public services. As this national debt grows, taxes on working people will increase even further –and public services will continue to get worse. How do we stop this?

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Chapters

(00:00) Intro

(01:59) Low or high taxes? 

(03:08) Government wealth

(07:08) Why your public services suck

(16:44) How to understand economic crises 

(21:45) If you lose your wealth

(25:55) Why we are WINNING this

(30:57) You can do something

TV and radio debates about wealth taxes usually get derailed by fear mongering and terrible statistics – often from people who are paid to defend the ultra rich. What would an honest debate about wealth inequality and taxing the rich more actually look like?

LINKS

My Channel4 Documentary here.
The Big Issue edition here.
My website that explains What is Wealth and Inequality here.
Video series: What is Wealth? here.
Johnny Harris 'Oligarchy' video here.
My Gabriel Zucman interview here.
My video when Trump came in here.
Interview with Krishnan Guru-Murthy last year here.

CHAPTERS

(00:00) Intro
(03:33) How to discuss the wealth tax
(05:04) What is wealth?
(05:51) Is wealth inequality growing?
(13:30) How does inequality affect the economy?
(16:59) Should you care?
(22:02) Why the media is so frustrating
(24:28) Do we need a wealth tax?
(26:03) Why some people dislike wealth taxes
(28:14) How do you tax wealth more?
(34:06) What are the real problems with wealth taxes?
(36:35) We ALREADY value rich people’s assets
(38:35) Wealth taxes bad for innovation?
(39:40) It will take a long time to set up
(40:18) If you tax them they will leave
(43:11) Will foreign investment decline?
(45:49) UPDATE What is next for me and this channel?

Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x

The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.

If unstopped, the trillionaires will eventually have no choice but to take everything from you, your children and your grandchildren. Here's how it happens (and how to stop them).

TAX WEALTH NOT WORK tshirt: https://shop.garyseconomics.org/

CHAPTERS

(00:00) Intro

(00:21) What is a trillion?

(03:03) What does Musk own?

(06:56) Should you be worried?

(13:00) They will own everything

(16:27) Victorian levels of poverty will return

(18:17) Do you want your kids to own things?

(21:08) Is this a new feudalism?

(26:31) You will lose to the trillionaires

(28:33) Colonialism and the Industrial Revolution

(34:35) Tax wealth not work

(36:21) My predictions came true

(38:45) What are you going to do?

(43:32) More in common with each other than with Elon Musk