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Garys Economics: Daily Summaries Delivered
by Gary Stevenson
Gary Stevenson – inequality economist, former trader and author of The Trading Game – explains how real world economics work.
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- 1 weeks ago48 min
It's time to say goodbye
Alright everyone. Last video. I did this one totally unscripted so I forgot a few important things and then I wrote a really long description to fill that all in and YT told me it was too long 😫 so here's the important points.1 - THANKS. To everyone - to all of you who watch and share, to Oscar, Jack, Tom, Hattie who work on the channel. To the Patreons who work on all this. To Rebecca Gowland and PMUK and Faiza Shaheen and TJUK and Gabriel Zucman and his team and everyone who works on/supports this.2 - BURNHAM. I know we are pausing the channel now for a long time but I'll make an exception for you (or maybe even your chancellor). We all want you to succeed.3. FUTURE PLANS. Channel is down for now, but not forever. I'm working on some other cool stuff too which will come out at some point. I'll be here as long as the economy keeps collapsing, after that I turn this into a Japanese Language learning channel. 心配しないで。諦めないで。4. PATREON. Special big thanks to all Patreon people. This wouldn't be possible without you. Fuller Post and Q+A on there this week with more details.5. OTHER CREATORS. While I'm away check out:BarrysEconomics LouisaMuchTheory (IG)JimmyTheGiantAnna BoccaForest Jar (IG)Pissed Magistus (IG)Unlearning EconomicsTom NicholasHyphen (punk artist)6. WHAT ELSE CAN U DO. Understand the concepts and share the videos goddamit. We need more middle class professionals in powerful areas. Become an economist, a politician, a journalist, a central banker. Join your favourite political party and push them on wealth taxes. Don't ask me what to do, just do something small every week. If that's not working, try something else.7. MENTAL HEALTH. Dont panic. stay strong. drink water. cook healthy meals. try to sleep if you can. talk to your friends. talk to anyone. be there for each other!! Stay strong and take care of each other. Learn and understand what is happening. Share that understanding with others. We don't all get to live in times that are simple, but we do all get to change the world together. They fight us because we are winning. And because they are jealous of how cool we are.The world is ours.Good luckGary xxCHAPTERS Intro Why I quit Citibank Time at a lefty think tank Activism, media or academia? At Oxford Nearly joined Novara Media Covid + started trading again Writing and selling The Trading Game Liz Truss crisis The Trading Game at #1 was mental Making the documentary I’ve given everything I can What happens next? The richest will fight this I can’t win this by myself Educate and help others
- 2 weeks ago32 min
The only way to cut your taxes is to raise tax. Here's why
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? Help us tax wealth not work: join our Patreon.Chapters Intro Low or high taxes? Government wealth Why your public services suck How to understand economic crises If you lose your wealth Why we are WINNING this You can do something
- 3 weeks ago49 min
What would an HONEST debate about a wealth tax look like?
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?LINKSMy 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 Intro How to discuss the wealth tax What is wealth? Is wealth inequality growing? How does inequality affect the economy? Should you care? Why the media is so frustrating Do we need a wealth tax? Why some people dislike wealth taxes How do you tax wealth more? What are the real problems with wealth taxes? We ALREADY value rich people’s assets Wealth taxes bad for innovation? It will take a long time to set up If you tax them they will leave Will foreign investment decline? UPDATE What is next for me and this channel?
- 4 weeks ago19 min
Why you should watch my documentary that's out this week
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
- Jul 2, 20261h 1m
Do bond markets control the government?
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.
- Jun 21, 202646 min
Elon Musk is the world's first trillionaire. How scared should you be?
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 Intro What is a trillion? What does Musk own? Should you be worried? They will own everything Victorian levels of poverty will return Do you want your kids to own things? Is this a new feudalism? You will lose to the trillionaires Colonialism and the Industrial Revolution Tax wealth not work My predictions came true What are you going to do? More in common with each other than with Elon Musk
- Jun 14, 202641 min
Why does The Economist hate wealth taxes?
The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/CHAPTERS Intro Are we a meritocracy or an inheritocracy? Inheritance tax vs wealth tax Would it deter innovation? Taxing the most productive people The Economist’s integrity What our intellectual elites think Confused or misleading? They are trying to distract you Why journalists bat for billionaires If you have less than £10m listen to this Wealth taxes are NOT far-left We need the intellectual classes They are scared we’re going to WIN
- Jun 7, 202639 min
A wealth tax in the UK is becoming unavoidable
Are we about to get a new Prime Minister in the UK? The change in leadership may be the best chance we've ever had of winning wealth taxes in this country. And it could be a blueprint for other countries around the world.Chapters Intro UK situation Who will be the new Prime Minister in the UK? A poisoned chalice? Strong position to get wealth taxes I will back Labour if they do this Adopting our political framing Would Andy Burnham really be different? The markets refuse to lend the UK anymore What happens if we DO get wealth taxes? We need to tackle long-term problems MY PREDICTIONS The progress we’ve made
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About Garys Economics
Gary Stevenson – inequality economist, former trader and author of The Trading Game – explains how real world economics work.
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