3 years on and viewers to this channel still do not understand what Gary means regarding the covid £700 billion, meaning of money, what is wealth etc etc. Everyone seems to take it that the rich (whatever 'rich means as everyone has a different view) should just give cash to the poor. Gary is good, but the subject is too complex for most people no matter how the explanation is presented.
@lecothers
Ай бұрын
@@kevinsyd2012 4 years and still correct!
@matadoruk
Жыл бұрын
Probably if not definitely the most important and informative video ever posted on KZitem. Thank you for speaking out and explaining this catastrophic situation so simply and eloquently. It would have been very easy for someone in your financial position to just sit back and do nothing, the fact you continue to beat the drum is testament to your character and integrity. Keep up this vital work. You are the hero this country/world needs.
@martindenham2207
Жыл бұрын
Well said.
@exitthelemming145
Жыл бұрын
I don't understand how the Bank of England can lend the Government $300 Billion that they don't have in the first place. Even if that debt is repaid via taxation, without a debit entry on the lender's ledger, isn't it just pure profit for the bank?
@garyseconomics
6 ай бұрын
All cash is a debit entry for the central bank.@@exitthelemming145
@bitcoinisfreedommoney.fckt2663
6 ай бұрын
Think of it like this...if a farmer plants an extra field of potatoes (he had 3 before now he has 4) they will be 33% more potatoes coming to market which would drop the price of those potatoes when they're sold....so when the BOE prints 25% more money it does the reverse it buys 25% LESS of goods and services because there's more money chasing the same goods...so G&S are worth more in paper money terms....so how is it the same as potatoes the printed pounds are just like seeds thrown into the economy but with zero work or effort compared to the farmer who must buy seeds, plough feidls and harvest....when BOE prints money it just floods the marrket with more money so their is a "cost" it is inlfation. @@exitthelemming145
@WhyBTCwillbeworthmilliondollar
6 ай бұрын
Think of it like this...if a farmer plants an extra field of potatoes (he had 3 before now he has 4) they will be 33% more potatoes coming to market which would drop the price of those potatoes when they're sold....so when the BOE prints 25% more money it does the reverse it buys 25% LESS of goods and services because there's more money chasing the same goods...so G&S are worth more in paper money terms....so how is it the same as potatoes? The printed pounds are just like seeds thrown into the economy but with zero work or effort compared to the farmer who must buy seeds, plough feidls and harvest....when BOE prints money it just floods the marrket with more money so their is a "cost" it is inlfation. @@exitthelemming145
@migsteele
Жыл бұрын
2 years on and you are 1000% correct
@carusmike
Жыл бұрын
correct? I think not. Is a truth a truth? Yes. In an ocean of truth is a cupful of water actually water? Yes it is. Is that true 100%. Yes it is. But it's a weak method of describing the ocean.
@bikerpaul68
2 жыл бұрын
About 50 years ago I heard a lecture from an economist who argued that the lowest income decile remains almost unaffected by wealth redistribution measures because these people are very often disadvantaged by chronic physical and/or mental disability. Now that I have worked as a psychiatrist for 30 years I think that this is very likely. So a wealth tax would probably need to be accompanied by measures such as big increases in disability benefits; re-socialisation of the chronically ill, who are often unaware of the resources available; and of course a massive increase in funding of the health system. Unfortunately the current UK government seems to be heading in the opposite direction.
@threepoundsofflax8438
Жыл бұрын
In this case Gary is arguing that increasing wealth taxes would lower prices by reducing the spending power of the rich, so this would benefit everyone on a low income regardless of their living situation
@sputnikmoonchild
Жыл бұрын
Well said. 💪
@richardswift4196
Жыл бұрын
I'd argue that a lot of mental health issues are caused by being in the lowest income decile (exogenous causes) - ok, there are a number with actual chemical imbalances (endogenous causes), but most depression cases can be treated (if not cured) by giving the patient the correct tool - the story of the Vietnamese rice picker that was given a cow when he lost his leg on a landmine, for example.
@bikerpaul68
Жыл бұрын
@@richardswift4196 There is clearly an association between lower income and health problems of _all_ types, not just psychiatric - that has been known since the Black Report, published in 1980. But statistical association does not prove causality, and I didn't intend to imply that it does.
@haveyouconsideredtherapy
Жыл бұрын
What exactly do you mean by "resocialisation of the chronically ill" ? I'm chronically ill and don't need or want some middle class professional dictating how social I need to be. I work hard to keep myself afloat and every social interaction I have is both necessary to stay in business and costs me dearly. I know exactly what resources are available: big fat nothing. There are millions of us scraping by trying to subsist on the income from running a business part time because we are too ill to work, and not "ill enough" by the DWP's standards to claim PIP or DLA. You don't get sickness benefits unless you've had a full on health crisis. If you are battling daily to manage your health at great personal cost, or are languishing bedridden and dependent on unpaid family carers and therefore don't keep ending up in A+E, they aren't interested. You're right, the welfare system needs a massive shake up, but in my opinion the only fair way to go about it would be UBI, with a top up for those with long term disabilities.
@getreal7964
Жыл бұрын
This video was WAY AHEAD OF ITS TIME. It will be seen as genius in years to come. All hail Sir Gary...
@thenakedgardner
4 жыл бұрын
This is brilliant. The world needs someone like you! 👌🏾👊🏾
@garyseconomics
4 жыл бұрын
Thank you!
@kjoshy8
4 ай бұрын
Thank you KZitem for pushing Gary onto my page. Nobody has ever said it clearer! One of the most underrated videos on the internet 🙌🏽🙌🏽🙌🏽
@garrit_8642
Ай бұрын
Your vids are 100% suppressed by youtube no question
@ShyannaP
Ай бұрын
It took me 4 years to find you, never looking back.
@megaman_8496
2 жыл бұрын
Wish I had found you earlier Gary! More people need to understand this. Keep up the amazing work. 👏 I’m probably going to share this… A LOT!
@aguluman
Ай бұрын
I came here, after seeing your interview on Insider. Appreciate the explanation.
@dennisj.plotsi9295
3 жыл бұрын
One thing i would add, is that unfortunately big corporations have their say on what goes on inside the government which makes it not an easy task to tax the rich.
@smartchocolate6503
2 жыл бұрын
I feel his passion and care for the humanity. I’m with you Gary I’m ready to fix this inequality of wealth distribution
@zulkiflijamil4033
2 жыл бұрын
Hello Gary, this is excellent. This world and its present situation simply needs more people like yourself. Thank you for enlightening us.
@garyseconomics
2 жыл бұрын
Thanks for your support Zulkifli. Do help us grow the channel by sharing with your friends and encouraging more people to subscribe - thanks!
@dennisj.plotsi9295
3 жыл бұрын
Finally someone saying what I’ve been saying for long time and I’m just an ordinary person.
@robertwinslade3104
Жыл бұрын
This channel should be WAAAAY bigger than it is
@garyseconomics
Жыл бұрын
It's growing!
@Explorer982
4 жыл бұрын
Great to see you doing this ! I taught you maths years ago, and now I'm an econ student I'll be learning from you !
@garyseconomics
4 жыл бұрын
Mr...... Burke!?!?
@Explorer982
4 жыл бұрын
@@garyseconomics yeah, so I remember you once explaining economies of scale to me in math class. I had never actually done business and econ, ( my first teachable was actually History and Math was my minor ) and your explanation made me curious about the subject. I'm now attempting a masters in econ and can credibly say you helped ignite my interest in the subject!
@Explorer982
4 жыл бұрын
@@garyseconomics and you ll be pleased to know one of my motivations for going into econ was to question some of the right wing orthodoxy and ideology which has dominated the profession . In your guardian article you reference Zucman and Saer on the wealth tax, and it's interesting they reference the Laffer curve. As I understand it the Laffer curve was just an idea and the actual empirical evidence suggests the curve should look very differently as to how it is usually visualized, i.e a top tax rate of 70 % or so is more like the actual level for ideal tax collection without distorting incentives?
@garyseconomics
4 жыл бұрын
Ah yes I remember you well! I remember that time we whistled the superman theme tune in your class! I think you told me I was "setting new records for underachievement in maths", I think that was fair! Yes the Laffer curve is an interesting idea that has been very politicized. I have no doubt its true that, at the extreme end, income taxes of 100% will raise little or no income. However, there is much disagreement about what levels would raise the most income. Probably higher than the current 45%-ish levels would raise more revenue, although it depends of course on the specifics of the country. A small, open country with a very mobile workforce has much more to lose from raising taxes than a big, closed country, for example. It's worth also realising that high income taxes may serve purposes beyond simply raising revenue - for example, preventing wealth inequality from growing. That said, my focus is not on taxing income at all, but taxing wealth. It is worth realising that the classic laffer curve argument no longer holds in this case - 100% income taxes can be avoided by not working, but wealth already exists so cannot be avoided in the same way. There are other ways that a wealth tax could be avoided, of course, and those would be relevant and must be addressed. I focus on wealth because the richest people in society tend not to get their income from working, and so their income tends not to be taxed by normal income taxes. Good luck on your economics study. Academic economic study can be very mathematical and very abstracted. A lot of attention is often paid to the maths at the expense of the theory and assumptions. Do try to keep aware of what is happening in the real world, and keep open minded that mathematical models are not always correct if they produce counterintuitive results. Remember our focus should be on understanding the real world, not only the models. Good luck!
@Explorer982
4 жыл бұрын
@@garyseconomics Haha yeah, sorry if my words were harsh! I was just a young teacher trying to control a bunch of teenage boys! Thanks for clarification on Laffer. Yes, the mathematical abstraction in economic theory can be quite frustrating. I'm having quite a tough time with advanced macro theory for example, and it does make it more frustrating when it it seems not to be related to case studies in the real world. Your last comments about 'counter intuitive' is interesting because I think many economists wear that 'counter intuitive results' like a badge of honour ; they cite counter intuitive results as proof the maths is powerful and can lead to new insights, but as you say, does it really hold up in the real world ? Best of luck with everything and the new work, I will follow you keenly !
@petec7100
3 жыл бұрын
It was a pleasure to here you on lbc and and even more inspiring finding your channel and videos! You're of great benefit to the society please keep up the good work 👍 👏
@garyseconomics
3 жыл бұрын
Thank you!
@NickinFilm
20 күн бұрын
The vision and clarity of this video is astounding. The tragedy is how few watched it at the time. Watch Gary's videos. All of them.
@dominomoloko4680
3 жыл бұрын
Thanks for this, very informative. Taxing wealth instead of just income is a genius idea, but it will never ever happen. Any politician who even dares to suggest such idea will have a very short career.
@garyseconomics
3 жыл бұрын
Yes, definitely not easy to make it happen. Just because I'm interested, do you think the problem is that it won't be popular with the people? Or that powerful people will shut it down?
@dominomoloko4680
3 жыл бұрын
@@garyseconomics Yes the latter. I think powerful people will do all they can to shut it down because it's a policy that would negatively effect them. I don't think politicians serve the people anymore, I think they serve those with influence. I do not know this for a fact, it's just a feeling based on how I see the world.
@garyseconomics
3 жыл бұрын
@@dominomoloko4680 Got it. Yes it is definitely going to be difficult. But we won't know unless we try! There will be tough times for a lot of us unless we get some compromise on this, so I'm giving it a go!
@TejSingh-xj3ux
2 жыл бұрын
@@dominomoloko4680 The ridiculous thing is that billionaires would still be billionaires even if their wealth were taxed, such is the magnitude of their riches. The only 'negative effect' on them would be psychological, in short their greed overpowers any sense of social equality.
@MulderJosh
4 ай бұрын
Wish I found out about this channel 3 years ago.
@quokkapirquish6825
3 жыл бұрын
This is the truth, massive respect to you, brother, your clarity is astonishing and your message is powerful. Brilliant mind, brilliant guy.
@garyseconomics
3 жыл бұрын
Thanks very much!
@juliescrafton1950
2 жыл бұрын
Your advice to watch this 1st video was priceless. That last statement was so clear. We do have a way out of this. Its so clear the super rich are interrupting the flow!!Thank you for sharing your knowledge.
@JajaofAbuja
Ай бұрын
I came here from your Insider interview.
@Han_80
Ай бұрын
Your videos have popped up on my feed a lot recently, but I scrolled past them as I (wrongly) assumed that you were just some dude trying to teach people how to get rich... 🤦 I clicked on one earlier today, and now I wish I'd come across your vids when you started making them a few years ago, because I've got a lot of catching up to do! I grew up on a council estate in Stepney, and we moved to Ilford about 14 years ago, so I totally get where you're coming from. In one form or another, I've been working in community development for the past 22 years, trying to find local solutions to (the symptoms of) inequality. But I've only started learning about macroeconomics in the past year or so (I'd never even heard the term at school/college). I always knew we needed upstream/systemic change, I just never really understood just how broken the system is - and how rigged the game is. I work with local authorities, charities, housing associations and others - they all need to hear what you're saying. But we also need to find ways of reaching the masses directly and making your message even more accessible (this KZitem channel is a great start), because, like you, I really fear for the future of this country and the world at large. Keep up the amazing work, Gary. 💪
@neilcameron434
Жыл бұрын
I can't believe KZitem didn't reccomend you to me till today. Awesome content. To say this video holds up well today is an understatement.
@juliandohna8593
Ай бұрын
Astonishing predictions. Perhaps obvious for Economists (?) but I have only perceived surprise in the media at rising prices, especially in the housing market.
@scottjackson1812
Жыл бұрын
So glad I found this channel. Its refreshing to see someone like yourself trying to make a difference and explain things in such an easy way we all can understand. Wish there was more people like you. I very rarely watch news or media because they only tell you what they want to tell you or what the current government want you to know. I watch people like yourself that actually speak the truth. Keep up the great work and thanks for educating us all. 👍
@alizaidi8135
6 ай бұрын
This aged so well, no one else is able to provide analysis like this. Thank you for sharing.
@stephaniethompson469
16 күн бұрын
@@alizaidi8135 I don't know how much I would have bought this in 2020, but in 2024 we can see exactly how it has played out.
@garyr1522
24 күн бұрын
4 years on and the speculation is that the new Labour government will make some material changes to the CGT system, which could be an important part of this puzzle. Really good video.
@gayaa6490
4 жыл бұрын
Very insightful - thanks for enlightening us all. Looking forward to watching more of your videos.
@garyseconomics
4 жыл бұрын
Thanks G! Always know I'll have at least one fan left as long as you are around!
@usamavania1100
4 жыл бұрын
Very good explainer. Clear, concise and to the point! Looking forward to your future videos, keep up the great work Gary! You've got yourself a new subscriber 👌🏼
@garyseconomics
4 жыл бұрын
Thanks Usama and thanks for the share - all helps me build up this new channel!
@daveabsolution5246
Жыл бұрын
I saw the results of the situation, but I never actually had it explained so well. Thank you Gary, you truly are the best teacher I've known since Maurice Swales (my school maths teacher) . Big love and respect x
@garyseconomics
Жыл бұрын
Big up Maurice Swales!!
@daveabsolution5246
Жыл бұрын
@@garyseconomics I think you'd have liked him. Gentle unassuming man who managed to pass on his passion for maths without overdoing it. I got a grade A back in 1977. I doubt I'd have passed without his passion. X
@low-key4966
Ай бұрын
THIS IS STILL Relevant till this day wow, May God bless you man🙌👏
@Roserytemptation
15 күн бұрын
You were so right. I wish I had seen this video 4 years ago
@joelhawkins1771
Ай бұрын
Only just found your content! Thank you for doing good and not carrying on the easy path making money for nothing. You’re obviously a brave and moral guy
@Shadaeprincessinspiration
2 жыл бұрын
Still relevant 1 year later. I will watch fully 2mrw
@garyseconomics
2 жыл бұрын
Weirdly if anything this video has become more relevant - because now we can see with certainty that the predictions were true.
@philwatson8694
2 жыл бұрын
Thanks for this, very clear communication. This is a terrible situation. We also need to impose rent caps like they have in Swizerland. Rent shouldn't be allowed to rise so freely every year.
@barnabyhowesculpture
19 күн бұрын
This video needs significantly more views!
@raymondarmstrong1082
3 жыл бұрын
I’d love some financial advice from someone who doesn’t bs. You clearly are very very clever when it comes to economics and you explain it in plain English. Well done on these videos. Love them.
@garyseconomics
3 жыл бұрын
Thanks Raymond! Giving financial advice out on the internet is always a tricky space! But I will do some more financially oriented ones at some point.
@scfan7231
29 күн бұрын
Man, a pity I didn't discover your channel back then. I'm infinitely curious about economics (economist but working in IT), and Covid, particularly 2020 H1, was the time of my life. It was more fascinating to follow the developments than at any other period. But I'm totally missing the financial view. How good you are explaining the stuff in a more down-to-earth way than, say, Stiglitz.
@rhondamckay1683
Жыл бұрын
2 years on and you are completely correct. Wow!
@OnlineEnglish-wl5rp
7 ай бұрын
Excellent presentation, well done. I finally understand
@jginfographics
Жыл бұрын
Wow. Just saw this video 2 years after you posted it. Your prediction "They'll (the rich) be in the shops too and they'll have a lot more money to push those (consumer goods and services) prices up. It's very likely that over the next few years we're going to see the process of a lot of things increase" has played out precisely as you predicted, along with every other prediction you made in this video. I congratulate you for your courage and determination in making a vitally important contribution to public debate, in explaining in an accessible way, the technical aspects and factors of economics, that are causing the breakdown of society in the western world. Thank you.
@russcoleman5350
Жыл бұрын
Any party proposing a wealth tax can have my vote.
@RabbidTheNabbit
Жыл бұрын
Greens are i think, even though i have some mixed opinions on them
@APMerry
Ай бұрын
This was so informative. Thank you for explaining how we’re in this dire situation.
@davetheman207
2 ай бұрын
you say what i think but you got good words for it
@Wintersun131
Жыл бұрын
Called the 2022 inflation two years ago. Great channel!
@dalskiBo
11 ай бұрын
Thanks for addressing the issues Gary
@jamessteely
4 жыл бұрын
Thank you Gary, Hello from Australia. Brilliant content, you are so highly regarded by my good mate Herman Mohan.
@garyseconomics
4 жыл бұрын
Ahh Herman! He is a good lad! And his brother basically made this whole video for me all I did was the economics! Glad to see my video has made it all the way to Australia - do do the share subscribe thing if you like it trying to build up a thing here! Thanks!
@DeWo-m6q
Ай бұрын
Thank you for the link to visualising wealth - that really blew my mind.
@Lagr3n
6 ай бұрын
Very important message. I am always curious how is it fine to tax "the rich" by taking >50% in tax on income from hard working people, while taxing up to 20% (but mostly 0%) on income coming from just ownership of assets. Also I wish I found your channel 3 years ago... Very clearly explained information that are filling the gaps in my logic, that made me make some costly mistakes. KUDOS
@latsword3513
2 ай бұрын
I started off seeing your face in various political videos and I just thought "ah another Marxist". This as a working class guy with no money or assets. Then when KZitem shorts started putting your own content in my stream and it was all good analysis. So I started liking your the shorts and eventually watched a full video. I as a left leaning working class guy initially wanted to distance my self from content that addresses the redistribution of wealth. What does that say about the state of political discourse today? As you addressed previously think tanks are funded and we don't even seem to understand how effective they are at skewing the political landscape. Thank you for sticking with what you are doing
@richardswift4196
Жыл бұрын
Gary, I think there's one small flaw in your final statement - "tax wealth, not just income"... Taxing income just keeps poor people poor, as taxing subsistence wages just leaves the worker with even less money (even though their work is often an essential part of the economic machine). I think a better way would be "tax wealth, not income", that way, eventually everyone would become rich and thus be paying taxes. And what better way to tax wealth than taxing land holdings (and nothing else) as it's the root of all wealth - you said it yourself, the rich are just using their extra cash to buy properties to put on Airbnb (ok, I added that last bit).
@jami7772
3 жыл бұрын
To the point no BS. Heard you on LBC last night and you says it like it is. Thanks.
@garyseconomics
3 жыл бұрын
Thank you!
@gcc849
Ай бұрын
THANK YOU SOOOO MUCH BRO
@RishiRamsamy
4 ай бұрын
Thank you Gary. I found you through more recent content and now going back through your videos. This so clearly explains the issue we are facing. Fully support your mission to tackle wealth inequality, please keep it up 👏
@lunnsracing7008
4 ай бұрын
Very well explained, look forward to working through your videos in the coming weeks and learning some stuff.
@freddee4295
Жыл бұрын
Great channel Gary, really enjoy your talks and insight, the problem is all the power and influence is in the hands of the rich and most people are too engaged in the day to day struggle to survive to make their voices heard.
@eleanorpragnell5384
4 жыл бұрын
Found you via LBC, really good video.
@garyseconomics
4 жыл бұрын
Thanks Eleanor! Glad you managed to find your way to my youtube channel! I'm a bit slow making these videos but hopefully have more up in a bit!
@EdLife11
3 жыл бұрын
My landlord have increased my rent. She has over 3 properties in the area but pushing up rent and proposing that I get public funds if I can't meet up! My advice to everyone, reduce your debt as best as you can, I haven't been on holiday for over 3 years now and my debt is so low. Sold my car, cut down on spending drastically.
@NoName-sh4dy
Ай бұрын
I just love how bird is chiming in with her own perspective on these issues all through the video.
@CharlotteHuCo
4 жыл бұрын
Great, clear, and insightful. Wish you were one of my economics professors back at uni!
@garyseconomics
4 жыл бұрын
What a sweetie
@lionelmalka162
4 ай бұрын
WOW, that is the best explanation I have ever heard of the situation the world is in..... CONGRATULATIONS, it is an amazing video! And of course, you said it 3 years before it all happened!
@harryw29
3 ай бұрын
This video is extremely relevant today. Neither tory nor labour are addressing the fundamental problem. Both will perpetuate the flow of money from the low earners to the rich.
@getreal7964
Жыл бұрын
Why hasn't this had a Billion views !!!
@tommymarshall69
Жыл бұрын
More people need to watch this. Seriously.
@Haasjuh321
Ай бұрын
Thanks king! Very informative
@marvgee2332
4 жыл бұрын
Subscribed, purely due to knowledge that you shared and more importantly, the empathy in your words. Hopefully, more people will be able to understand the true economic cost of not only COVID, but also Brexit. Cheers
@garyseconomics
4 жыл бұрын
Thanks Marv - lots of challenges ahead for sure. Hopefully I'll be able to keep you informed!
@chickedee1085
2 жыл бұрын
The true economic cost of the E.U to my family was being made redundant from Ford Motor Company in Southampton after 24 years service, still owing a mortgage and a young family I had to do three jobs rather than lose my home. The E.U gave Fords a cheap loan of 80 million to move to Cheap labour Turkey. So the once family friendly Fords wanted EVEN more money, leaving the plebs to scratch a living elsewhere. The E.U has an agenda to make the rich richer and you didn’t know! Who is the thick half who voted right.
@JuicenationThabz
5 ай бұрын
Damn Bro This Is 3 Years ago Gold Closed at $1806.74 and now its on $2315 so accurate , very informative and true , life is now difficult and i dont see it getting better
@cathrinaoshinowo8021
3 жыл бұрын
Gary, thank you SO VERY MUCH ❤️, for putting all of this in perspective. I was just listening 👂🏽 to LBC Radio at 3.15 am, has you do 😳☺️😒 and thought 💭 wow, who's this!!!! Great man, Great service. I am following you!!!! and will spread the word.
@garyseconomics
3 жыл бұрын
Thanks for your message Cathrina - glad you were able to find me on LBC!
@JoaoOliveira-hd2kw
Ай бұрын
Great Insider interview, so much value in this vídeo, keep them up
@dailypolluk4803
3 жыл бұрын
After watching this, please KZitem... The pitchforks are coming Ted
@k225
Жыл бұрын
Yet 2 years later... unemployment has fallen to lowest levels seen since the 70s, gold prices have fallen and house prices are now falling
@michaelscarlett8816
Жыл бұрын
Excellent succinct explanation spoken in easily understood language- Gary,you,re a gem- your videos should be a cumpulsory part of the curriculum in our schools- keep it up!
@bsmohan1
4 жыл бұрын
Great Video, Gary. i have promoted your video on my Linkedin account.
@garyseconomics
4 жыл бұрын
Thanks Uncle!
@kb4777
4 жыл бұрын
Better still, how about Amazon actually pay some tax in the UK after decimating the high street. How many UK workers and business paying tax no longer exist because of that tax dodging behemoth. While we are at it, how about Apple, Netflix, Google & Starbucks too. If the huge corporations paid their fair share of tax the bottom 50% of UK workers would barely have to pay any at all. Problem is they hire huge teams of high priced lawyers and accountants to tie the HMRC up in knots trying to get them to pay, making it a very costly procedure. So it turns out the workers and middle class PAYE-ers are a much easier target so they get taxed to the hilt. While apparently Apple, Google, Starbucks, Netflix and Amazon make a loss in the UK so pay virtually zero tax while the obscure tax haven they launder their money through happens to be their most profitable trading outpost. Do yourselves a favour and read Treasure Islands by Nicholas Shaxson. It is extremely illuminating. And depressing.
@matthewwixey6745
11 күн бұрын
PSA . National debt in 2024 is above £3 Trillion , and rising at over £5K per second . More money is being spent on interest payments than on education .
@reed.abdurrahman6748
Жыл бұрын
Gary I just came across your videos. I’m not necessarily the greatest at math or understanding how the economy works but your videos have really taught me so much. They need to play your videos in high schools around the country If you see this I want to ask how can young people contribute to the growing inequality in the world
@tronnyjeverton
4 ай бұрын
50 rich people disliked this video
@19grand
Жыл бұрын
Keep up the good work G. Look forward to yhe book.
@elwynjones763
8 ай бұрын
I'm beginning to understand, but need to study this several times before it sinks in.
@elwynjones763
7 ай бұрын
Now I undestand. So what would the wealth tax have to be to recoupe the 700 billion and repay the debt to the B O E? How would windfall, inheritence and dividend income taxes at the top rate of 50%, which you pay Gary, play a part?
@gallivantersalbum
Ай бұрын
Thanks for your video. I’m learning something here. Perhaps can you elaborate on why the rich would suddenly stop spending. Thank you so much! God bless. 🙏🏻
@garyseconomics
Ай бұрын
Most luxury spending was illegal during COVID!
@janetwelch7230
Жыл бұрын
Only just seen this- well said Gary
@SC-qv7nv
6 ай бұрын
Mad how accurate this turned out. If you knew what was going to happen why didn't the Bank of England and people that are meant to know what's going on. Scary.
@azeempatel9154
4 жыл бұрын
Great video
@garyseconomics
4 жыл бұрын
Thanks boss!
@psychedelatry
2 жыл бұрын
Great, really well explained!
@garyseconomics
2 жыл бұрын
Thanks James!
@opanike87
Жыл бұрын
These reminds me of positive money guys back in the 2010's trying to tackle the financial crisis and the QE appropriations
@nicholasbarnes806
6 ай бұрын
Well done Gary, keep at it. I'll be doing my bit to spread the enlightenment.
@alanriordan7457
4 жыл бұрын
Well done mate great work can't wait to hear more
@garyseconomics
4 жыл бұрын
Thank you!
@AndyEmblow
3 жыл бұрын
Great video keep them coming. When I talk to people about this they treat me like a flat earther.
@garyseconomics
3 жыл бұрын
Thanks boss appreciate the support!
@chrisbelzko5598
4 жыл бұрын
i'm glad you did this video as im starting to learn about how money works as im read everything i can and self teaching myself and i hope you do more videos as i want to know more on here it all works in the real world and thanks for the great insight
@garyseconomics
4 жыл бұрын
Good luck! I am hoping to do a series on money here at some point, since I have a lot of experience as a money trader. Keep your eye on the youtube and maybe catch me on twitter @garyseconomics as I post everything I do (including other media) there
@chrisbelzko5598
4 жыл бұрын
GarysEconomics thank you I am following you on Twitter and would like to stay in contact 👍
@magnum3107f
Жыл бұрын
I would wote for you ... great work 👏
@dejanristic193
Ай бұрын
amazing content, keep on doing such a great job🙏
@didierdoddsy
5 ай бұрын
Gary, you mentioned this video in a recent interview with Owen Jones, so I've gone back and checked it out, you were bang on the money. Would you consider doing a review video looking at the outcomes you predicted and where we actually find ourselves now? Would be interesting to see exactly what you said would happen did!
@juliandoyley2103
4 ай бұрын
For those in work, wage inflation has helped the situation because asset prices have not gone up at the same rate.
@algfourty9185
Жыл бұрын
Predicting the cost of living crisis two years ahead of time, I guess Citibank knew what they were doing when they hired you lol. Seriously though, thankyou for spreading the message you do
@TomNook.
2 жыл бұрын
July 2022: Well, this guy nailed it re: huge price rises, stagnant pay rises, rich getting exponentially richer from COVID.
@theowhite
Жыл бұрын
One of the most important videos I have ever seen from anyone
@davenewton2680
Жыл бұрын
He called it 2 years ago. Unreal. Fair play 👏
@sanj_jey
4 жыл бұрын
Great video Gary!
@garyseconomics
4 жыл бұрын
Thanks boss! Been a long time hope you keeping well!
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