Just a warning there is swearing in this video. It may not be suitable to watch around children.
@nickedwards6748
7 ай бұрын
Interesting so far although video would be half a hour without the f bombs
@rossmacintosh5652
7 ай бұрын
I guess I was really engaged in the discussion. I didn't notice any swearing.
@thesargs
7 ай бұрын
The swearing makes it good
@jakebest5601
7 ай бұрын
Swearing shows how passionate Gary is about this subject
@Abdul_Rahman86
7 ай бұрын
Swearing and bluntness is an effective way to get a point across. Better than a patronising politician who uses fancy jargon. Business is blunt
@scottc123fish
7 ай бұрын
The best Gary Stevenson interview ever. This needs to go global.....
@davidpowellseattle
3 ай бұрын
It is....
@adamcarter2979
3 ай бұрын
F’ing right it has
@patricksachs3655
2 ай бұрын
He's a laughable ignoramus. If he ever achieved any level of notoriety, he'll be smacked down by people who actually understand economics once he appears on their radar.
@sedgieroobets
7 ай бұрын
The Oxford economists were 'so bad they didn't even know they were bad' 😂😂
@danielbtwd
7 ай бұрын
Dunning Krueger effect.
@briskyoungploughboy
7 ай бұрын
Neoclassical (the mainstream) economics is basically an 'official state religion'. It doesn't need to be a representation of reality, it just needs to serve the interests of those who employ economists i.e. banks and other financial institutions. To go against the mainstream is career-death, regardless of the correctness of one's analysis.
@darrylbrookes2780
7 ай бұрын
@@danielbtwd whos she ?
@sichambers9011
7 ай бұрын
Rich pricks don't even need to be good.
@OhAwe
7 ай бұрын
@@danielbtwd Not really. Sort of. They really are high level economists, it's just the whole field is bullshit. It's kind of analogous to having a PhD in magic or something.
@FudgeMonkeySmurf
7 ай бұрын
I'm 50 and have worked all my life up to what I used to think is now a decent salary and I entirely agree that I have more in common with the man/woman on minimum wage because that's where I was 35 years ago and I'm still struggling albeit less so but paying 50% tax. It has taken me this long to become enlightened about what wealth truly means and I am so glad that the internet exists, KZitem exists and this type of content is available now to the masses. The only way change will happen is through education and spreading that knowledge in an understandable manner to the many. This is what you are doing and I commend you all for doing it. Keep up the good work. 👍
@lagringa7518
7 ай бұрын
They've been trying to make the middle class disappear and the poor poorer since the Thatcher/Reagan Neoliberals took over everything, they've increased their wealth by 40%+ and everyone else lost 40% of spending power. Speaking of education, that was also a strategic agenda on their part.... to make each consecutive generation dumber... they don't want them to know how to think critically, how money works, how to be an entrepreneur, how the rich (and those private Mafia Central Banks) steal from you or what your Rights USED to be or what is TRUE which is why the media endlessly lies to you. Just keep your noses in those cell phone social media inanities, bolster narcissism based on nothing, destroy local businesses by buying on Amazon and remain passive, confused, distracted and fearful. I'm 75 and have watched this plague upon humanity for the last 55 years, the consolidation into monopolies of everything that used to be local, family run and created solid, compassionate communities. They can't have that you see... not when they want to control everything ie; EVERYONE on planet Earth: food, water, oil, land, air, minerals etc. and YOU. This is the Great Reset that NO ONE volunteered for. 😡
@MRW515
7 ай бұрын
That's the fault of our education system, I am a little older than you but in my late 40s I began to study how the wealthy got wealthy and it is about buying assets and keeping them in a limited company. Tax is paid on profit, so the trick is to not make profit but have cash flow. Look up cash flow quadrant and the Prussian education model.
@hannah60000
7 ай бұрын
Somewhat, if you’re paying 50% taxes, you can’t truly relate to being on a true minimum wage (even if you were once on a minimum wage). However, it’s important to empathise. Money comes and goes, so it’s definitely important to be grounded and appreciate when we have it and remember those who aren’t as fortunate (because for many it could be us). Peace!
@henghistbluetooth7882
7 ай бұрын
@@hannah60000This is one of the fallacies they use to divide us. Why can’t he relate? I am 51 - I earn £200k a year (now). My secondary school closed down in 1988 from lack of funding - there was a riot with what we used to call ‘paddy wagons’ - police vans - that broke up a riot and kids throwing rocks threw third floor windows ( a nice racial slur there from the 1980s). I grew up in an area of east of Birmingham where brain donors from the NF and BNP used to roam around and just smash anything they could. Despite this I worked hard to get A levels and then Uni paid for by taxes from my mum and dad and every mum and dad in the UK. Then I worked to become an expert in one very specific area of IT which required ten+ years of 80 hour weeks. Finally I’m fairly comfortable and I still beat myself up over financial decisions I didn’t take because it was before KZitem and my mum and dad - both teachers - knew nothing about money (they were mis-sold an endowment mortgage). My son is diagnose autistic and I have spin 5 years battling with arrogant and dismissive primary schools that didn’t want to deal with a ‘difficult’ circumstance. This led me to suicidal thoughts and a year and a half of therapy. I do get tired of being the guy who has it easy because right here, and right now, at this specific point in my life I earn more than some other person and so therefore can’t ever relate. It’s so black and white and utterly dismissive of an individuals’ journey and circumstances.
@steveinstamford
7 ай бұрын
I think he's referring to all the other taxes we pay which equates to 50% not necessarily from his pay
@jakebest5601
7 ай бұрын
Damien, Ramin and Gary are my 3 top finance/economy KZitemrs in the UK. This link up has made my evening!
@_Andy_A
7 ай бұрын
Same here. I think a Gary Ramin crossover would be pretty entertaining.
@grahammarsh440
7 ай бұрын
I wasn’t aware of Gary until this video, fantastic human being! Great video, guys
@markwildphotography
7 ай бұрын
I’ve watched and listened to Gary for a few years now on his channel (that’s how I got here) Don’t you just love his confidence? It’s not aggressive he just spits straight up facts, an impressive guy indeed and I hope his one man crusade to stop us all ending up even worse of than we are now, doesn’t fall on deaf ears.
@James_36
5 ай бұрын
what facts? this grifter has spouted nothing but total nonsense
@markwildphotography
5 ай бұрын
@@James_36 Read his book.
@LJ-MMA
3 ай бұрын
@@James_36elaborate...
@najdr
7 ай бұрын
Wishing you all the best on your endeavour to enlighten the world. We’re moving ever closer to economic slavery but are totally oblivious. We need to support good folk like Gary.
@kozakmaly
7 ай бұрын
You know what, I don't know if this is the algo feeding me more of my echo chamber or what but I see more and more of this or this type of messages coming from more and more sides over the recent year. I don't know if I'm supposed to be terrified of what's coming or excited of the fact that people are finally waking up while also being more fed up which results in a very dangerous mixture for the ones that will end up on the receiving ends of millions of pitchforks. We desperately need more of those conversations, EVERYWHERE, you know I mean?
@johnrhodes3350
7 ай бұрын
Algorithm
@goych
7 ай бұрын
Yes we do, we all have learnt to be scared of money and scared to question the system and as Gary so poiyantly pointed out we tend to blame ourselves!
@ss12speed
7 ай бұрын
For all that find Gary a bit harsh and over confident.......he has tested this theories in the premier League of finance and is a winner.....plus if you are of a certain age you will know lies are very comforting and easy on the ears.......the truth on the other hand is heard through gritted teeth and is uncomfortable.........don't shoot the Messenger. This podcast just gets better and better
@DeputyChiefWhip
7 ай бұрын
Understood, I follow Gary and have done Since he started his channel, but unfortunately the reality is, people in general don't appreciate f-bombing and constantly saying "I'm the best trader". His messages are amazing, I'm with him ALL THE WAY, but in this case, he hasn't done himself any favours because of the amount of swearing. I'm hoping there will be clips made of the real profound parts where there's less profanity that can be beeped out.
@joshgolo
7 ай бұрын
I agree, raw emotion and truth ain't polite. He isn't a politician he's a real man with a real passion and concern.
@8G00SE8
7 ай бұрын
@@DeputyChiefWhip Yea I agree, I feel he should put more pictures and stuff online about his time as a trader, he basically spawned in around 2017 simply saying we should believe him.
@James_36
7 ай бұрын
is there any evidence this guy worked in trading? he sounds like he would not get through the front door of one of these places let alone hired. He talks urban trash speak for a start
@jordy46682
7 ай бұрын
@@James_36 They only evidence is him saying he did... Check his Wikipedia. All sources are self referenced in interviews/articles and nothings appears from before 2020... For "the world's best trader", I would have expected to find several FT articles from 2008 onwards...
@andrewnoone9016
7 ай бұрын
Absolutely amazing - this should be played in every school & college, to expose the truth to the younger generations. Brilliant content as always
@beatonthedonis
7 ай бұрын
My parents did manual jobs, and in 1980 bought a house in London for 5-6x annual average salary, new VW, and my mother stayed at home for 7 years to raise the kids. We went on a foreign holiday every other year.
@monkeyseemonkeydo432
7 ай бұрын
Yeah …AND?…Are you trying to show off?… just because my parent doesn’t work at all, we are barely stable living from squat to squat..avoids paying fares on the bus..and only get to look at other people on holiday in photos in a magazine Doesn’t mean you’re any better than us you know!!! Although I do hate my self/life …so maybe you’re right
@tombojumbo
7 ай бұрын
@@monkeyseemonkeydo432 I think the point was that they could afford all that on a manual labor salary. Now that would be completely impossible.
@monkeyseemonkeydo432
7 ай бұрын
@@tombojumbo lol…I know…I was actually joking
@jamesgeorge8915
7 ай бұрын
@@monkeyseemonkeydo432don't give up your day job mate. Lol
@monkeyseemonkeydo432
7 ай бұрын
@@jamesgeorge8915 lol …I wish I could…cant afford to..working day and night
@arindamchatto41
7 ай бұрын
Gary is the legend. We need to support him achieve his goals or we are doomed.
@adrianellis2433
7 ай бұрын
Probably one of the best things I’ve listened to in a long time. Never listened to Gary before (now subscribed to his channel) We are heading for another Guilded Age and it’s accelerating faster year on year. Keep up the Great work
@banksarenotyourfriends
7 ай бұрын
I think you should get Gary back on another time - but with Sasha Yanshin alongside him so we can see who is the angrier man :)
@rjScubaSki
7 ай бұрын
Sasha would kowtow within 30 seconds
@Patrick-jj5nh
7 ай бұрын
If you live in this economy and you are not angry, you are not paying attention.
@hilaryporter7841
7 ай бұрын
That is a brilliant idea.
@tinachristine4573
7 ай бұрын
Do you know the meaning of anger? He's simply passionate about his message but not angry at all
@paulcoates3860
7 ай бұрын
I is Like angry, No it's a club n were all not in it..
@Abdul_Rahman86
7 ай бұрын
I agree with how poverty is contagious. There are always exceptions, but broke and low income families end up working in the NHS or enlist in low ranks of the Army where the cycle of poverty continues. And rich families end up in finance and banking.
@nowisgodinyourlovelylife717
7 ай бұрын
Things are changing unfortunately because inequality is getting bigger, there're lot's of low minimum wage jobs that are not and won't coop with the inflation rate year after year and low growth predictions due to low wages and higher cost of living overall
@Al_Does_Stuff
6 ай бұрын
At least with the army and NHS you will get a decent pension. Now we're ending up with people heading into later middle age still working the kind of service jobs that traditionally done at minimum wage by the younger generation. I would not discount the increasing age of the population on the influence of how unequal things will get.
@Abdul_Rahman86
6 ай бұрын
@@Al_Does_Stuff in the army maybe. In the NHS no! You retire at 65. Right now I’ll retire at 57.
@Al_Does_Stuff
6 ай бұрын
@@Abdul_Rahman86 still a better likely income than from working service industry (outside management) your whole life. I believe both those pensions are inflation linked and defined benefit. Getting to retirement might be another matter ofc
@blueslsd
7 ай бұрын
Superb interview with Gary He's really pissing off the wealthy!!!!!
@kenrehill8775
5 ай бұрын
They’re not listening to him, they don’t watch KZitem and sadly he has no power.
@zidermakesispooky
7 ай бұрын
Hit the nail on the head, the media machine will never let a wealth tax happen and that is the biggest threat to prosperity for most people.
@James_36
7 ай бұрын
what? what you think a wealth tax will do? how much money would it bring into the GOVERNMENT to waste on something dumb? ill be waiting
@keithcommins
7 ай бұрын
No, a wealth tax will never happen because its unworkable, anyone who has any money will put their money in places that greedy socialists like you cant get at it. How much money will such a tax raise? Oh wait - probably not enough to make any appreciable difference. Instead of trying to take more of people's money, would you not think it's a better idea to maybe ask governments to be a bit more prudent in how they spend what money they do get? That never occurs to you, does it.
@hilarygibson3150
7 ай бұрын
I'm never sure where wealth starts. I've got about a million between pension and cash, so I'm certainly wealthy. My house is very average in a poor northern town and I drive a second hand van. To get my wealth, such as it is, I didn't inherit from my parents nor win on the lottery. I worked on average 75 hours a week, 16 weeks holiday in 37 years. Started a business at 26 with my house on the line. I was in haulage, I worked hard, 24+ hour shifts, outside in all weathers. I do think how you earned your money needs to be taken into account. Before anyone squeaks, I was the highest paying employer in my little sector and drivers never left, so I thi k I was a hood employer
@silvafox7719
7 ай бұрын
@@James_36 Bring in a land tax to stop the wealthy sitting on a valuable asset for profit. Tax their assets, they can't hide them. a 1% tax on those with over £10M would raise £80 billion for the economy. That's not small change. As every one of the 164 billionaires in the UK made around£720M each since Covid it won;t break the bank for them to pay more.
@silvafox7719
7 ай бұрын
@@hilarygibson3150 You aren't the problem. It's those with say more than £5M in assets. The super wealthy, who don't pay income tax as they don't work. They live from their wealth! Compund interest makes them richer every morning!
@ThePalsta
7 ай бұрын
If Gary started a swear jar he could solve the UK poverty crisis in a couple of afternoons.
@SandraRustill
7 ай бұрын
😂 lol 😅😂
@k.avilla8061
7 ай бұрын
Right. Gary has just broken the record for the number of times you can say 'F**K' in an hour. Unbelievable.
@alex_the_balding_fat_man
7 ай бұрын
I'm a potty mouth, and he impressed me 😂🤣😂🤣
@metalhead2550
7 ай бұрын
Ha, you can always tell when he's off script and passionate about what he's talking on
@funkytechnic-zx1zg
6 ай бұрын
😂😂😂
@peterr.7641
7 ай бұрын
This guy is amazing. We need more of Gary in this world.
@redv0472
7 ай бұрын
I watched this whole thing, feeling much more educated and aware, thanks all👏👏👏👏👏
@imbarmstrong
7 ай бұрын
Oh wow, you've got Gary! I'm seriously going to enjoy this one!!! Nice one guys.
@benedict-4965
7 ай бұрын
same I did the whole 70 minutes easy
@ianwhittaker3041
7 ай бұрын
I love Gary, he tells it how it is! You just need to listen and read between the lines and swearing and we'll learn a lot 🙂
@phililsley7408
7 ай бұрын
Been watching Gary for a few weeks now. His points are very true and over time he will be proved correct. Damo amazing interview as usual. Really well done.👌👍👏
@timq8470
7 ай бұрын
This should be taught in schools. Along with the importance of unions and cooperatives. Those with the best pensions and working conditions are usually in unions. How about making a law which makes joining a union compulsory, rather like the introduction of pensions a few years back.
@reavenous4626
7 ай бұрын
Gary speaks so much sense it's unreal, his book is gonna slap
@pedroluzio6250
7 ай бұрын
Gary has got a good heart, and you can tell he wants to do good for the future of the country. Never imagined when emigrated to England 11y ago, that you could have in 2024 a cue of hundreds of people trying to get access to dental care (this week in Bristol), or 12h waits to be seen in ED, or schools crumbling. When I look around I see a society progressing towards more inequality. Was lucky enough to buy a home here 10y ago, got friends now doing professional jobs (mostly nurses) working 50h week what cannot afford to get one now. One of the measures could be applied would be the payment of council tax by the owners of property, and make that exponential like 50£ month for 100k flat and 5000£ month for a 10million property, and everybody had to pay that even if the house was empty! That would probably decrease the numbers of empty houses by the rich (think was Garry that mentioned this on his podcast). And the labour party should be taking notes as a measure like this would be popular probably to 99% of the population.
@Polkadot2
7 ай бұрын
This makes SO MUCH sense! The e problem is that politicians of ALL SIDES own those empty houses and they are not going to tax themselves, even if for them it's not actually that much.
@Matt-ou7tu
7 ай бұрын
Labour under Starmer are a continuation of the Conservative party under Sunak.
@t-zero8880
7 ай бұрын
such a real talk. I am myself in the category of people 24-26 y.o. that worked hard, studied so much, and can't even get a good paying job these days. My dreams of when I was young was to have a well paid job that can afford me a house and a family. I am now looking to move in other countries where I can achieve these goals, and live a fulfilled life, but the problem is that anywhere else in Europe, is also mostly difficult. Living from day to day really, thinking to abandon the profession I have studied so hard for 6 years, because as Gary said, hard work is not paid off these days. I can't comprehend these politicians or people smilling at TV and saying economy is "slightly" hard, when all of my friends live in miserable conditions for someone at this age, that should have a well paid job (if you worked hard) and making plans of future.
@trustwithin7188
7 ай бұрын
I do feel sorry for the younger generations...also even if you do somehow get a good job they are always "restructuring " and getting rid of people so its not secure and everyone thats left is overstretched and stressed out. If I was a guy I would be a self employed electrician or plumber as they are always in demand...this is what alot of my friends partners do and they are smart guys (plus you can fiddle your books abit up if you want a mortgage or down if you wanna pay less tax ;)
@sanjanadeb2957
7 ай бұрын
Really interesting, back in 2016 I read the McKinsey paper, Poorer than their Parents. Gary articulates the concepts of this paper so plainly. There is another paper or book I can’t track down called ‘return to the hour glass economy’ , it’s approx 10 years old and I have not been able to trace it, if you know it, it would be great if you let me know
@tinomutasa5371
7 ай бұрын
This video has been on my mind, and I think one of the things that needs to change is employees need to ALWAYS tell each other what their salaries are. The whole getting paid more for the same job and competition has led to this cost of living crisis because wages have been able to stay so low.
@kinggeoffrey3801
5 ай бұрын
Most people don't have the guts to do that. Most certainly won't challenge their boss for a pay rise either. I have always done it. Doesn't always get what you want but I have just got £1 ph hour rise by being up front and built a valid case why I should get one. Mind you I don't care what people think so it doesn't bother me.😂
@garybradley2171
7 ай бұрын
Thanks to you both for all the understanding and experience you share.
@WilliamAhlert
7 ай бұрын
Thank you for sharing this. I truly think Gary is one of the most important voices in Britain and I hope he can be heard loud and clear across the country. I look forward to listening to his audiobook which I've pre-ordered on amazon.
@troyfletcher1990
7 ай бұрын
What f*cking swearing?? one of the best episodes, Great work! Really eye opening, Now which party is willing to tax the rich so we can fix the system a little?
@jayy9390
7 ай бұрын
Oohh yes my 2 favorite KZitemrs in the same video 🙌
@johnbwill
7 ай бұрын
My wife and I worked hard (in Australia) - in a blue-collar industry for 35 years - we lived frugally, saved and invested ... now owning our own home and with a few mil invested, we don't think about money at all. We don't consider ourselves as being rich - but we would both be happy to pay an extra 1-3% tax a year if it would help others do what we have. But ... would it help? We don't know.
@TeleCustom72
7 ай бұрын
The 'prepping' that Gary talks about resonates with me. I was the first person in my family to get a degree and recall after graduation expecting to walk into a job. I very quickly realised that the route to these jobs had already been sewn-up by others. I was green as grass, but it was an eye-opener for me. Ultimately, I changed careers twice before settling on being a brewer/distiller. If you want to talk about a career that demands significant technical knowledge and mostly pays under £28k, brewing is it. I love my profession, but I'd also love to be able to not worry about money. I know that I'm not unique in that respect and other sectors are even more poorly paid.
@jacquelinee1220
7 ай бұрын
The problem is credit... the economic model we hold is no longer fit for purpose because our currency is completely debased and is getting more and more debased every day as it is untethered from gold or anything of superior value. I dont understand why no economist is discussing this. Central banks are the problem
@James_36
7 ай бұрын
really? who gives gold its value? what can gold actually buy? ZERO. I was going to insult you but ill give you some advice instead. Stop listening to idiots like this guy who is a conman and a liar. There is not a chance he was on the trading floor of a big bank being successful, he would not even hold the stupid views he has if he did he would still be getting rich in the bank rather than peddling a BS book
@jimtomo9207
7 ай бұрын
It allows the government to print money and then get the public to soak it up with inflation. It's coming to an end, tho with the rise of brics.
@Black-Circle
7 ай бұрын
the rothchild banking system isnt going anywhere.
@simonhenry7867
7 ай бұрын
Money IS debt. Debt is promised off skills applied in the future. If you can make more money of your skills that the debt you(or your employer) takes on, you ARE the economic growth.
@briskyoungploughboy
7 ай бұрын
Wrong. Privately created credit-money is the problem- and it IS tethered to something "of superior value"- real estate- which is the collateral for 90% of credit money. Central bank money- correctly regulated- is the solution. no need for Gold.
@sharongillesp
5 ай бұрын
Thanks for this. We can now understand why our systems (financial, health, education, and government) are failing us. And the reason the very rich are ignoring the cries of the people is because those on the inside are like rats jumping off of a sinking ship. And while Gary attempts to help, via his book, NO individual can help, neither an organization - it requires a fundamental change in how government operates. And THEY don’t care about anyone. With some, they don’t even care about family members.
@AviKhali
7 ай бұрын
I needed to hear this. Thank you for inviting this honest person
@emesfion
14 күн бұрын
I love Gary. It's great to hear someone who really understands what is happening, but is on our side.
@skiiddy
7 ай бұрын
It’s the 8 million economically inactive that concern me. The ludicrous waste by government in the civil service, NHS, infrastructure projects etc. I pay Corporation tax, personal tax and like everyone else, indirect taxes like VAT IPT. BBL loans were the only option for over 3 million freelancers and solo company directors. No furlough, no grants just debt.
@James_36
7 ай бұрын
yea this guy thinks the rich who produce assets and wealth are the problem while conveniently ignoring how the Govt WASTE wealth and produce NOTHING
@stirkz
7 ай бұрын
Your comment has absolutely nothing to do with what Gary has spoken about
@James_36
7 ай бұрын
@@stirkz no because he likes to conveniently forget how much wastage govt uses tax money, so taxing the rich to give to govts who waste and fill their own pockets and their own interests to get re-elected is hardly a solution is it
@James_36
7 ай бұрын
@JB-kf8sf Itax the rich... neve heard that before... liquidate the wealthy and divide by population look at how much money you get, solves nothing. it is the dumbest argument in the book
@brettharter143
7 ай бұрын
@JB-kf8sfand you take Gary The Grifter at his word just because he says he worked in finance but quit because 'hes not like them' hahaha yeah right
@pandroop5582
6 ай бұрын
Man I can really resonate with the Gary’s childhood. Especially your family’s lack of money being a fact of life. Throwing away the trip slips because you don’t want to bother your mum and the guilt she’d feel that she can’t afford it. The moment I could be financially independent, I did it. Last time I ever asked money from my mum I was 13.
@barryyoung
5 ай бұрын
Great discussion. The depressing thing is neither of our major political parties are willing to address this. Ultimately because they are both in the pockets of the super rich…..
@DigitalGus75
23 күн бұрын
The bigger problem is people are standing around waiting for the major parties to “get it”, which is never going to happen.
@jx6774
7 ай бұрын
I’ve been watching Gary for over a year now. The man is flawless. He conveys such an important message with such conviction and pure passion. He takes the time to really break down what is happening and explain it in a digestible way. But his ideas will never reach the masses. Aside from the fact all he expresses directly contradicts the ideals pumped out by the media machine and brandished by our government; my reasoning is two fold: Very few have the understanding of basic economics necessary to truly compute the scale and reality of what Gary is saying. And for the rest; they’re hearing something they don’t really understand which sounds very negative and pretty terrifying. Of course they neglect it. Keep doing God’s work Garry.
@teodordl
6 ай бұрын
Well, there is a certain manifesto that gained traction a couple of hundred years back or so which contains somewhat similar ideas. It seems probable that a clear, distilled version of Gary’s ideas, in book form or in new media form, might just catch on.
@isaac3183
7 ай бұрын
Interesting point Gary makes about those on 80k a year and 20k a year needing to ally and be on the same level when understanding that the ultra wealthy are the cause for income inequality in the UK. I think the thing that has held that back and will continue to is the ridicolous class system that the UK has kept since the 18th century. People now on 80k a year consider themselves to be of a higher social status than those on 20k. But ultimately after tax can only really afford a few more luxuries.
@JM-yf3ol
7 ай бұрын
Gary’s channel is excellent. Let’s face it, every economist positively ignores distribution and inequality, despite it being the main issue of our time. There’s no consequences for being wrong in economics aside from where Gary worked. In fact they make you prime minister. You can’t become PM unless you believe, or prepared to pretend, that trickle down economics works.
@trustwithin7188
7 ай бұрын
Yes its more like trickle up!!
@gusgilder2796
6 ай бұрын
I've now watched four recent interviews with Gary and I think this is the best. Good work boys!
@geeman6274
7 ай бұрын
Here we go! 🎉
@Andysfishing
4 ай бұрын
Power to Gary, unfortunately, it’s people’s greed and lack of self control that governs bad heard behaviour. Revolution is an option when commonsense fails.
@Dr.JubairsFinance
7 ай бұрын
Best episode yet! I saw Gary the other day, should have said hi.
@mousquetaire86
7 ай бұрын
Where did you see him? I saw him in the queue for Soho noodle bar Koya, last year.😀
@crispyduck1706
Ай бұрын
@@mousquetaire86very working class
@mousquetaire86
Ай бұрын
@@crispyduck1706 I like the Regency Cafe in Westminster, that's even more working class!
@CurtisRouse-
7 ай бұрын
You should get Gary back. This is the best podcast I’ve watched in a long time
@squareeyes3676
7 ай бұрын
So what’s the advice Gary? What should the average person who doesn’t make it to The LSE do?
@DerekIngram-u4e
7 ай бұрын
Are we talking about tripping lol
@James_36
7 ай бұрын
he has no advice and i firmly believe this guy has never worked in a bank ever. He talks like he is from the backside end of London with a bad attitude, there is not a chance a bank would give him a job. He is an ultra socialist hate the rich idiot.. hardly a bankers mindset
@brettharter143
7 ай бұрын
@@DerekIngram-u4eLSE london school of economics which Tony blair and others went to. Realise this Gary is a conman like the rest of LSE lot
@Challenger160
7 ай бұрын
He pretty much stated that people like us need to actually realise who the culprits of this massive growing issue really are as well as calling for proper wealth tax on people with obscene wealth. Not hundreds of thousands but people with billions who own it all. Share the knowledge of these perspectives and details with people you know and your friends. Individually, we can't do anything but collectively, we can make real change happen.
@3kg_tangerine113
7 ай бұрын
Really enjoyed this conversation, super insightful! Keep up the good work! 👏
@chilldude30
7 ай бұрын
I found him a few months ago, and I think he does a good job expressing his analysis. And I think for most people it is self evident that he's right
@jimbojimbo6873
7 ай бұрын
I’ve never agreed with his perspective but nice to see the Guests you’re getting up levelling up
@ibzz12
7 ай бұрын
What perspective of his do you disagree with? It’s almost all factual statements
@pharmakon7920
7 ай бұрын
Isn't making a bunch of money on something essentially the way you prove things to capitalists in a way they can't really refute, because you've used their own system to do it? It's not like socialism where they can just say it's a pipe dream or whatever, he made millions predicting what would happen and it has and still is happening.
@crayontom9687
7 ай бұрын
You can’t disagree with facts mate
@James_36
5 ай бұрын
@@crayontom9687 what facts lol
@barking_mad6649
6 ай бұрын
You, Gary and other relevant KZitemrs should form a collective to push this into the public consciousness. It needs a movement that's hard for individual people writing to their MP to do.
@pglove
7 ай бұрын
16740 words total. Of 1767 unique words, expletives were the 14th most common, just behind ‘is’ and ‘of’ in 12th & 13th place respectively. 230 expletives. 1.37%. Impressive. 😂
@DamienTalksMoney
7 ай бұрын
What a comment 🤣
@Lenny-nr4yv
7 ай бұрын
Loving ya work glovey 📝
@pglove
7 ай бұрын
@@Lenny-nr4yvI’m glovin’ it
@hypersynesthesia
7 ай бұрын
Gary Stevenson aka Sweary Poppins 😂 cracking episode though. Really highlights how obscene the gulf is between the financial class and everyone who wears the impact of their decisions and, tbqfh, sociopathic tendencies.
@brokenrecord3095
5 ай бұрын
what's the single most frequently used phrase? I'm betting on "know what I mean"
@onlyme1210
6 ай бұрын
I love this chap for explaining economics to regular people who can't really imagine the world of the super rich like me 💰💰💰
@mikezooper
5 ай бұрын
So proud of you youngsters. You’re giving me hope for the future.
@095daz
6 ай бұрын
Always watch Gary Economics KZitem channel as well as this one both first rate with excellent advice and analytics.
@superspecky4eyes
7 ай бұрын
That was an amazing podcast. I've seen Gary Stevenson on little thirty second segments on television and he came across as very arrogant. Having watched this, I admit, I've changed my mind completely. He seems whip smart and presents a very compelling argument.
@novacaine_
7 ай бұрын
Same here, i mistook is passion for arrogance but he is literally a man who can see the coming wave and is yelling for others to see.
@curmudgeon1933
7 ай бұрын
Always remember that media channels are owned by the same people Gary is accusing, rightly, of creating division amongst ordinary people to distract from the looting of the economy by the uber-rich. Editing interviews to present a particular desired affect is an old propaganda trick. 30-second sound bites can be used to polish or smear a person, depending on the agenda.
@LittlePetieWheat
6 ай бұрын
A paper round is a great life lesson, and way for a young person to gain some economic power.
@TheBurdenOfHope
7 ай бұрын
I love Gary, his opinions and his channel. Amazing collab ❤
@philth7587
7 ай бұрын
Great chat! I'd never heard of Gary but will sub to him now.
@jamesbailie8647
7 ай бұрын
Wow, Gary really gets it. I really do think there is an untapped silent majority of young people in the UK who earn ‘decent’ money, but can’t afford to get on the property ladder. I hope this silent majority follow Gary’s movement and we can shake the politicians into listening. Gary, I’m right behind you!! 🫡
@ThatGuyWierd
7 ай бұрын
Very articulate and making the points that need to be made. Only divided are we conquered, and we are most definitely divided
@mirandaa463
7 ай бұрын
Towards the end when they're asking and talking about how we as a collective can do something- how ??? Like look at France, Germany, Belgium atm with their farmers protesting inequality. Is that going to change anything? Seriously what can we do and how do we start?
@jordy46682
7 ай бұрын
EU laws and regulations have already been changed this week 😅
@JC-qf1jd
7 ай бұрын
great chat here - such a great perspective from Gary. Good job all
@MarkCW
7 ай бұрын
The "Bog standard in the middle" is called the median, not average and he's the best in his year for maths, LoL. Also I don't find any reference to the stamp duty exemption for 7 or more properties. Having said that, I enjoyed Gary's straight talking and what he says about the rich is very true. I keep on banging on about this, but here goes anyway:- The rich have between £10 & £100 trillion held in offshore trusts. Taxing this capital (above £10 million) at just 1% would bring in a lot of extra tax for the UK! I suggested this to my Tory MP but she has gone strangely quiet on the subject for the past 3 months! You shouldn't tax assets below £5 million because they are just middle or working class. Taxing Amazon on it's sales in the UK would also bring a lot of tax in. An audit of all agricultural, residential, commercial and industrial property should be carried out in the UK so they can be taxed at 1% (above £10 million).
@ibzz12
7 ай бұрын
If you 6 or more at the same time you can benefit from multiple dwelling reliefs etc.
@willquinn8993
7 ай бұрын
Hi mathematics graduate here. There are three types of average: mean, mode, and median. He’s entirely fine to use the term average.
@MarkCW
7 ай бұрын
@@willquinn8993 Thanks for taking time to explain this to me, I must have forgotten that when I did maths at school many many years ago! Although the media tend to use this to their advantage when they talk about average wealth because they tend to use the mean not the median which is normally a lot higher because of the massive wealth inequality.
@MarkCW
7 ай бұрын
@@ibzz12 Thanks for the info about multiple dwelling relief. I didn't realise that. I think you can actually benefit from stamp duty relief on 2 or more properties. The minimum rate of tax under the relief is 1% of the amount paid for the dwellings. It's amazing how the politicians create these loopholes to keep their rich mates happy. Gary is a very clever dude!
@James_36
5 ай бұрын
he cannot do basic maths, he think taxing rich people to give to those sensible people in govt more money to waste is a solution LOL. He also cannot understand that wealth distribution is a myth because he cannot do basic math. He claims he makes money on markets via economics LOL... this is absolutely hilarious, if this was remotely even true he would be the wealthiest man on the planet within a matter of months let alone years. YT is full of absolute grifters it makes me giggle
@liam-james
7 ай бұрын
For a guy that hates politicians he is really good and giving politician answers. This was good but could have been epic if the guys would press home for an answer to the question.
@fintamaria2429
6 ай бұрын
We are already in the situation where we workers, who live on the minimum on the economy, are dying of hunger, our children are sleeping in the cold, our children are waiting on endless lists at the hospital, our children are eating once a day... The children of the Rich have private hospitals, the children of the Rich have schools private, and live a life of luxury on the backs of the poor, this is the world that the Rich have created.... Their lives of luxury on the suffering of us low-wage earners😢😢😢
@cinema104
7 ай бұрын
I'm 73 and I've been seeing this decline since 1980. I wish pod casts originating in America were as thoughtful as yours.
@garthkite
7 ай бұрын
The ship is going down, grabbing the silverware won't help as we all end up in the drink.
@johnners911
7 ай бұрын
Back of an envelope maths: £800Bn divided by 300K = @ 2,666,666. That's a lot of properties that could potentially change hands and be rented back to the plebs. Best interview I've seen yet with Gary, thanks guys. Time to sharpen the pitchforks?
@willmorris5356
7 ай бұрын
Brilliant episode. Gary is an absolute legend and I look forward to hearing more of him as his influence grows!
@VZweightlifting
5 ай бұрын
Hi Gary. Great interview. Towards the end you mention about "ordinary people caring about one another...". I think there is so much polarisation going on, be it on political, ethical, religious or other grounds that it's very hard to see how we will all compromise with one another.
@megs3684
7 ай бұрын
Great episode! X
@leegregory756
7 ай бұрын
Excellent guest, keep up the good work mate
@andypriteun
3 ай бұрын
I have a lot of time for Gary. Great podcast Damo 🙌
@zvndmvn
7 ай бұрын
I like this dude. One of us who made it and then came back to explain how fucked it is.
@DeputyChiefWhip
7 ай бұрын
Oh dear... I'm gutted, Gary has come across really bad in this one. I love his channel and him as a person, but this amount of swearing and "i am the best" stuff is too much. I think his message is bang on though, without question! The other thing for me is, the very thing we invest in, is overwhelmingly helping increase inequality.
@freepeach9631
7 ай бұрын
I agree. Gary’s got the message that everyone needs to hear but he’s limiting his audience now by going overboard with the swearing and bigging himself up. It’s such a shame because we need him to succeed but why is he self sabotaging!
@Patrick-jj5nh
7 ай бұрын
Get over it... people are being robbed blind, can't afford to eat and we pearl clutch over a few fucks and shits? Watch legacy media if you want cotton wooled language with empty message..
@James_36
7 ай бұрын
@@freepeach9631 you think banks hire guys like this? lol he is another YT grifter
@freepeach9631
7 ай бұрын
@@James_36 well I think you need to do your homework on that assertion because he was very clearly hired by a bank, Citibank - and did become one of their biggest traders for a year or two. A grifter, as you put it, is a small time swindler, so I’m not sure who or what he’s meant to be swindling? His message is always focused on the disparity between the extreme rich rentiers and the poor- and the need for a structure/strategy for levelling up. Why would you argue with that? Unless of course you are one of the super-rich rentier class yourself? In which case I hope we will be taking a lot more tax from you some time soon 😂
@James_36
7 ай бұрын
@JB-kf8sf what substance does this guy have? He has zero proof he was a trader other than when he started his KZitem grift talking about it. For the best trader on the floor that he claims - although I have never heard of a staunch socialist trader in my life, he has no credible proof he did anything in the city. Add to the fact he talks and acts with a bad urban slang attitude swearing all over the place to add, he has no corporate persona what so ever
@DannyWonder
7 ай бұрын
Gary's an amazing thinker and communicator. Thank you for the message
@zedrake
4 ай бұрын
I've watched a good portion of Garys long form interviews / podcast appearances and while its good for the individual channels to get him on if someone wants to take in as much of his content as possible he needs to make some guidelines around covering old ground. If you've watched even 2,3,4 of his interviews a large portion of them are almost identical. I love the guy and got his book etc but I dunno how many more times I can hear the first 18 minutes of this podcast over and over and over again
@ruffey1748
4 ай бұрын
If you follow anyone's book tour they say the same lines over and over, they're speaking to different audiences every time. Most people don't watch every single interview. Gary's ongoing problem is he's a one-topic commentator. So he outlines the problem, and says the same solution over and over. He needs to re-work his content to be more topical.
@mikezooper
5 ай бұрын
The right tell everyone that “if only they work hard enough, they’ll become wealthy”. However, some very hard working people remain poor. This lie needs to be addressed.
@jamesriley6344
3 ай бұрын
This is a dangerous mindset. It's not only about working hard. You have to be in the right frame of mind, too.
@namaewa-vx5rl
3 ай бұрын
Great topic, as an immigrate I earn above average but i also feel struggle to understand why UK doesnt reward hardworking people. I struggle to understand why media are not talking we should be taxing the rich, the real real super rich, but end up we always taxing the middle class and working people. Right now if u want a comfortable life, u either born in a rich family, you win a lottery, or you happen to bet on the right stock in stock market. Ordinary people who just work even a middle class will never stop struggling. While this is the fact of this country, and if we couldnt change it, what are you suggesting we could do to help ourself?
@dadsbarmy254
7 ай бұрын
Starting to sound like the rich need saving from themselves. Great interview always good to listen to Gary
@stuartgreen3886
7 ай бұрын
Gary, start a political party I’ll vote for you. The most sense I have heard in long time.
@morganoox3838
5 ай бұрын
They told you, "by 2030 you will.own nothing". So far so good it seems.
@jobl5505
7 ай бұрын
What a great riveting interview , two of my favourite personalities. Great chemistry both with a passion for their subjects / life experiences.
@PK-yd1to
4 ай бұрын
The Tsunami is on the way. I have been saying this for years. I totally agree with Gary. Great Podcast. I rate Gary and would be good to meet him in person. Wealth Inequality is a worldwide phenomenon.
@danielvermeere7916
7 ай бұрын
thats why the game of monopoly was invented . that was over 100 year ago by Lizzie Magie and still people dont get it why it was invented . But hey watch the boats . Maybe scrutinise the top and and who owns the media and things might improve
@kenville1429
7 ай бұрын
He nailed it.
@hannah60000
7 ай бұрын
@4:43, As a fellow born and raised Londoner - I relate. I’m a South Londoner, but most of those places don’t have any Londoners (born and raised) of any kind in there. “Our city” that everyone can benefit from but us! Smh
@tasniacho26
7 ай бұрын
Glad the cash flow point was brought up again
@hannah60000
7 ай бұрын
@56:20, True, some people are getting a leg up. We need more honesty about these things.
@CalvinMK34
7 ай бұрын
Great video guys, thank you.
@thesargs
7 ай бұрын
Thanks for this Damien
@geekerella7296
6 ай бұрын
I've learned more from this guy than any other political economist. He speaks to ordinary people, with minimal jargon.
@trevordorian7920
6 ай бұрын
He's a bullshit master. What did you learn?
@tinamcalone320
7 ай бұрын
Really interesting interview, relating to most discussed. Still as a middle earner with a mortgage left with a question HOW!
@jamesgame83
7 ай бұрын
I love Gary, I really do, but this is the first interview I’ve seen with him that he makes no effort at all to let the interviewers speak and he clearly isn’t listening to them with any sincerity. What happened Gary? Don’t let your fame and popularity make you arrogant mate. Anyhoo, keep up the good work guys and keep sending that message: Tax the super-rich, promote wealth equality!
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