Gary's Economics vs. Piers Morgan — What EVERYONE Missed

Gary's Economics: is it the Future? We review his segment on Piers Morgan.

0:00 - Introduction
2:26 - Immediate Reactions
8:21 - Gary's Solution: Wealth Tax
16:53 - Interest & Money Creation
23:55 - Dragon's Den = Future Economy?
29:22 - Monopolisation Makes Movies Worse
35:30 - Is This Realistic?
38:04 - Mental/Spiritual Effects

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[karltoffel]

Salam guys, regular viewer from Germany here. Bring Gary to the show please!

[muhammadsalam]

Insightful, highly informative, inspiring and beautifully articulated. 🌟

[robsquare]

I dont know if i would have got here without Gary but such a really interesting video. I never thought about an islamic oriented view of economics before!

[injijo]

Definitely need to work on the audio in these videos guys. It's great set, format and the content is incredibly valuable. The audio is letting it down though. Please reach out and I can help with this!

[cyberpunkalphamale]

I'm a fan of Gary but he could start at much more obvious places. UK gov is going to pay £104.9 billion in 'interest' payments on gov bonds. That's a big part of the rich's income.

[MrBlackgobbo]

follow the money flow after spending and the capital concentration process in assets and you will discover how bad is all.

[johndinsdale]

Since coming of the gold standard in the 70's. Fiat Currency has no link to an asset value, hence asset price inflation. The people in the 70's who had assets kept them and lived off the passive income (rent) It does matter if you define interest as usury the assets continue to inflate against the fiat currency.

[smhashimnasser]

Amazing video. Need to get this out into the politicians heads (the honest ones)

[herbalfleece]

Fascinating video, enjoy this channel and love Gary too. However I'm not sure how a wealth tax doesn't achieve the increased investment in the broader society, as is suggested. A wealth tax certainly incentivises this, because it makes hoarding assets less attractive. So rather than pursuing the asset strategy of wealth accumulation, because the tax costs are too high, you will instead invest in real, productive investments which benefit everyone (or at least are more likely to).

[m.u.a]

Always love Ur videos, they are so radiant and make U realize the truth we all know and think about in such a fantastic way. Allah's help is near, insha'Allah. Keep it coming! Big respect! Love the panel, God bless you.❤

[qudsiaward]

another disadvantage of interest investment is that the lender doesn't have to make careful assesment of the business as the loan is not at risk. If loans depended on business success alone and not interest lenders would supervise and select much more carefully where hteir money was lent - as 'Dragons' do in Dragon's den' as you say.

[ghostguynzl]

Never knew islam had these taxation beliefs its very honorable, here in New Zealand we have winz which helps the poor and wealth is very disproportionate

[johndinsdale]

The problem with a progressive capital gain tax is the rich don't sell their assets since moving off the gold standard so no gains. They use the assets as collateral and get loans (no tax on loans) just pay interest in fiat currency (no asset value) from the rent they collect.

[AAA-iwhe]

interesting. this is the exact vision of the WWE for thge future. a system where endstadium capitalism is held up so anyone is more controllable when stuff like covid comes up again. the boardleader wrote 2 books about exactly that

[Sticksandstones]

As a non Muslim this is a new concept to me. Is there a current Islamic state you can point to that employs these economic concepts you are talking about?

[JohnGeary-ee]

Rentier economy Marx predicted it and Adam Smith warned against it. A financialism economy ie wealth investments property not productivity or real things just numbers but you can’t hold them like coins or banknotes. The making of Wealth is a sin aka avarice

[Nom_AnorVSJedi]

According to your logic then Islamic societies have been the most economically equal societies in history then? Is that true?

[foodiez]

Is Islam compatible or would it support OxfordUni Kate Raworth's doughnut economics

[beanHole-ekib]

The Islamic model is currently what they have in Dubai the Emirates😂😂😂 Arabs aren’t known for there kindness