To recommend Gary Stevenson's youtube channel?

[Justputtingthisoutthere]

Hope this is OK?

Reading discussions about how much tax we pay versus the poor value for money in services they buy has prompted me to post.

I stumbled across GS, on Facebook I think, a couple of weeks ago and in my opinion he deserves a wide platform.

I admit to being very ignorant about economics, and have learned a lot from him. He's from a working-class background, studied at LSE, became a v.successful trader, is now a multi-millionaire, and is advocating for higher taxes for the super-rich, with the aim being to inform the public and push for policy change.

I won't post a link in case it's not allowed, but do Google him if you're interested.

[title edited at OP's request]

I don't know him but I do nothing but bleat on about: scapegoating, the rise of the far right, wealth tax, neoliberlism and the lack of a viable alternative and just get ignored.

Thanks for posting that link, @HumanRightsAreHumanRights

We've got a nice little GS fan club forming here, haven't we? 😁

He’s amazing - book is a good read too

Found him recently too and am really enjoying his videos. I've shared some on facebook. I honestly can’t believe that 1% on for example assets over 4 million would cause all the millionaires to up and leave but maybe I’m naive. We really could do with changing the culture in society so that everyone (not just billionaires) saw the benefit in paying tax.

His book is the most amazing book I have read for years.

He's in a unique place to comment on issues like wealth and inequality.
(No, I'm not Gary)

He already lobbies the Govt with a group of other millionaires, saying the rich should be taxed more. Strangely, the rich in charge of the media, and the rich in charge of politics and countries, are not big fans.

YouTube channel shows him being interviewed by various reliable and sound journos.

Strangely, the rich in charge of the media, and the rich in charge of politics and countries, are not big fans.

This is why we need to get him seen and heard!

Let's keep sharing!

Fan club?!

Seems so. Could be friends and family.

I'm in no way related to GS, and our paths have never crossed.
Fan club was very tongue in cheek.
Is it so unbelievable that people could genuinely be interested in what he has to say?

Not a friend, not family, never met the man and never likely to, I'm just interested in what he has to say.

Gary Stevenson is a former Citibank foreign exchange trader who gained prominence through his YouTube channel, Garys Economics, where he discusses economic inequality and advocates for higher taxes on the wealthy. His content has attracted a substantial following, with videos addressing topics such as wealth distribution and fiscal policies. Financial Times+3The Guardian+3YouTube+3YouTube

Stevenson's autobiography, "The Trading Game," recounts his rise from a working-class background in East London to achieving multimillion-pound bonuses at Citibank. The book offers insights into the high-pressure world of finance and Stevenson's personal journey. However, his claims of being Citibank's most profitable trader have been met with skepticism. Former colleagues dispute these assertions, suggesting that his performance may not have been as exceptional as portrayed. YouTube+3The Guardian+3Financial Times+3Financial Times

Discussions on platforms like Reddit reflect a range of opinions on Stevenson's perspectives. Some viewers appreciate his critiques of economic disparities and find value in his analyses. Conversely, others question his credentials and the accuracy of his claims, highlighting the importance of verifying information from online personalities. Reddit

]Gary Stevenson's YouTube channel offers content that challenges conventional economic narratives and advocates for systemic change. While his insights resonate with many, it's essential to approach his content critically, considering both the positive feedback and the controversies surrounding his personal claims.

Also see the Patriotic Millionaires, who campaign as very rich people who want to pay their fare share.

Can I join please?
Read the book recently and have been watching him speak.
Completely agree with him .
I work in the community in a similar area to where he grew up and can see the poverty .
We can all see the deterioration in public services.
The idea of government s being bankrupted is astonishing and yet it seems to be true.
Not sure what the answers are though

I have watched a fair amount of Gary’s output over the last couple of years. Enough to become familiar with his arguments. He describes the problems of ever-widening inequality well. His proposed solution is always the same : Tax the rich more.

And that’s where it ends.

What he doesn’t do is propose any credibly thought through workable solutions. Who should the government tax more? Individuals? Corporations? (If he thinks we should tax Big Tech more, how exactly is that going to work?) Financial transactions? What should be taxed? Income? (already highly taxed) Assets? If so, which ones? Property? Equities? Investment portfolios? Dividends? Pensions? And by how much? And what should the thresholds be? And how would he propose to deal with capital flight? Etc etc.

If he wants to be taken seriously by anyone who actually knows anything about the subject, he needs to start coming up with some solutions rather than just repetitively & simplistically talking about the problem. Alternatively, he could just carry on being a successful YouTuber harvesting clicks & selling eyeballs to his advertisers. Seems to be working well for him at the moment…

Hi, from what I have listened to he is quite clear on what needs to be taxed. He is focusing on wealth over £10m. He is against taxing earnings from wages - no increase in income tax. (As an aside I do feel there is a vast difference in earning £150/200k p.a and £500k-1m+ p.a bit anyway)… He is sharing how wealth is amassed and how it grows. He shared that the projected UK growth is c 1% but the increase on specific kinds of wealth is much higher, outperforming UK growth at a minimum of 5-1. This means the very wealthy who own a huge share of UK assets wealth are hugely outpacing government and day to day growth. Their wealth is multiplying 5x and more. Which accelerates the gap btw “us” and “them”. He has also shared that the uber wealthy usually move and place their wealth into assets, for example in UK, property and land. These assets in UK are also unregulated aka the market dictates their price. What Gary shares is that this kind of wealth, no matter where the owner may live day to day is based in UK. Therefore, for those who own high volumes of assets, like property / land, this should be taxed. The most wealthy hardly pay any tax comparatively - people who work and earn more than £12/13k p.a pay btw 20-50%. The most wealthy can pay zero to 1/2%, which whilst does if they pay, deliver millions, is not in any way comparative. I also feel Gary as an economist doesn’t need to have all the tactics worked out - it is the principle and the case (plus he has examples of where this is working - aka Norway), he had worked through. The state has so many levers it can use - from tax to CPO (compulsory purchase order - aka forcing by law someone to give their land or property to the state). It needs to have the will, usually by mass popular demand to do so. Remember the Poll Tax as a recent example - the public fought back, caused mayhem and the media backed the public’s cause. The poll tax was reversed.

He was fantastic on question time !

It's because people don't understand any of it. People who earn say, £30k a year think those that earn £100k are rich and should be the ones paying but it's not WORK that should be taxed at all. It's wealth. Tax the landlords, landowners, business owners etc. it's all very well saying the rich will just move country. They might. But if they own a stake in the UK then they still need to bloody pay!
And yes I bloody LOVE Gary Stephenson

Bringing more money into the public purse via taxing wealth. For past 40 years wealth that was once more fairly distributed in the post war period has rapidly reversed and a very small (1%) of the very most wealthy now own the majority of our assets. We need to reverse back and redistribute this wealth. The way to force a pretty unwilling government is through mass public demand - politicians deliver the will of the people and public. Look to recent (ish) examples of poll tax - the public revolted and created mass pressure to government - who reversed and sacked off the poll tax. What Gary is doing is trying to make a case for the redistribution of wealth and creating a mass public support, public who need to them by every means - online, lobbying MPs vis emails, discussion, public debate, and then out in the streets - to create this change. No government ever does anything because it’s the right thing to do - we - the public - have to demand it in ways that make any other option - impossible

He was on Question Time last week (or maybe it was the week before?) the one that was filmed in Dartford anyway.

I’d join a fan club. Can I also point people to The Equality Trust, created by the people who wrote the Spirit Level?
https://equalitytrust.org.uk/evidence-base/the-spirit-level-at-15/

No family-or-friends here, just a random screamer-into-the-abyss.

We in Uk have been totally brainwashed over past 40 years - moving away from the principle of fairness for all to we need to look out first. I am never a Tory but the conservatives even of the 60/70s believed in public service and social good. We have a situation where it’s almost a social taboo to say one is struggling - and that the state is there is help those who are in need. It’s the old divide and conquer tactic - let the public fight amoungst themselves while the overlords drain the land of its resources and wealth, leaving nothing behind but failing structures that are being rinsed by the wealthy …see: water, transport, energy, education, health, property…

I agree that it's all about educating people to what's really going on.

Sorry, brain is fried and incapable of coherent thought.

So glad to see that more and more people are starting to listen.

I like what he is doing, but I find him too depressing to listen to unfortunately. I already know the economic system is a farce and built on a lie and we are all being exploited. I dont need to be told that.

He needs to focus on solutions a bit more and drill more hope into people. Watching depressing shit on YouTube won't change the world.

Gary is great. My company’s finance director recommended him to me, and he’s a management accountant with over 35 years experience.

By the way his content is advert free on youtube - at least every video I've ever watched.

This one's a goodie!