The only power you have

Gary on @podsavetheworld

UNDERSTAND, SHARE & PUSH BACK

SUBSCRIBE, SHARE & START A CONVERSATION

Performed by Gary Stevenson
@garyseconomics

[dinogreece]

I own a barber shop in Glasgow. I hear so many of my clients saying " oh, I checked out that economist's YouTube channel you told me about " I'll tell anyone that'll listen. I probably speak to about 250 people on a monthly basis, I've already told so many of them. ❤

[jaydenmasters]

"Inequality. The rich get the assets, the poor get the debt, and then the poor have to pay there whole salary to the rich every year just to live in a house. The rich use that money to buy the rest of the assets from the middle class and then the problem gets worse every year. The middle class disappears, spending power disappears permanently from the economy, the rich becoming much richer and the poor, well, I guess they just die."
-Gary Stevenson, The trading game.

Thanks Thatcher.

[Hopalong-relz]

The problem with trying to tax the really wealthy is that they're very adept at not paying tax. They control a lot of media, make large donations to political parties, those politicians when in power then use consultants from the large accountancy firms (themselves very wealthy organisations) to advise on tax law when they're the very same people who advise the very wealthy on ways not to pay tax.
I like the Norway's solution. State owned (not govt run though) companies so that you start to take back some of the assets that the very wealthy are using to get even richer

[scottflannigan]

And at the same time we lost the power of Unions too

[hagechin]

Gary, you speak simple truths so clearly. Throughout all of history and for billions of people now, the majority have lived in dire poverty with a tiny minority of extremely wealthy families living lives of luxury.

[Cyanopteryx]

Outside of taxation, we also have the option to organize and form communities, cooperatives, and networks to help one another. No it won't solve everything, but it's the only thing we can do since taxation is clearly off the table.

[LSh-cmbp]

Gary is a clear insight because of his life experience

[louiseludlow]

You are fabulous Gary, we will spread the word with you. Thank you!!!

[stealthmonkeyG]

This is so simple. Thank you so much. I feel so empowered by the understanding you share.

[Winteramen]

Gary, thank you. We need to remember to unite. Stop fighting over superficial issues. Focus back on what is the real problem. The greed. Sure, poor can be greedy, but rich greed hurts far more. If the rich can take a step back just a bit, unite together with those who have less. It truly doesn't have to be a problem. We all just need to care about one another a little more. Even things out. We do not have to hit another depression. Come on guys. Literally 100 years ago. We should be able to recognize the pattern and circumvent this. Look at Gary.

[GymmyJosh]

You can withhold your labour as well - unionize!

[Jumper]

Well there is also the value of labor. If the wealthly pay a higher amount for production labor (a higher percent of the revenue from production) then we do not need to tax them so much.

One or the other:

1. Heavy tax net income and capital wealth, then fund social services for everyone.

2. Share net income from production with everyone, moderate taxes on everyone above poverty line, moderate social services for anyone who cannot make production income.

[lllordllloyd]

I have always believed that the rise of Thatcher and Reagan coinciding with Gorbachev ascending to the premiership of the USSR was a most unfortunate coincidence.

[gordonstrong]

Gary you're a force for good in this world.
Keep going mate 👍

[tracyfagan]

Very sad and very true..ordinary people need to stop empathising with rich people as if they were them..they are not going to be poor even if they pay high taxes

[musicman]

Absolutely right Gary - and in addition what did allowing ordinary working people to have healthcare, housing and education create - GROWTH

[Fabzil]

Thx for mentioning the 80's. Most people are thinking this shit is new

[GoosePlaysGuitar]

I listened to his book on audible. It explains how banks actually work really well. I think he's brilliant. I also have no idea how we are all going to get out of the mess we are in. There is no political will to tax the rich, but what are we supposed to do, Give up?

[BeRtO]

Started to watch Gary a few weeks ago and can understand his opinions, even though I differ; 1) a person is poor because of education, or lack thereof, specifically FINANCIAL EDUCATION. 2) Tax is used to "finance" a country or government, and that proposal of increasing the tax what you think is going to happen? The cost of that raise will be transferred to the poor. The gap between rich & poor is education, and the "elimination" of the middle class is because they're going to a side of that balance. That's my opinion, it is not a tax thing. In fact, there's also been tax increases in story and the "problem" still there or worsens

[marlonmorgan]

Gary you are a legend, keep holding truth to power 💪🏾