I always say we need to tax wealth not work. Someone made this game showing why: Click the image to play the game ^ Usually no matter how hard you work, the compound interest on huge wealth grows much faster than your wages + the rich use this passive income to buy all the assets. See if you can beat the rich. Source link
This is an AI-written (but human-edited) summary of Gary’s recent video: Why The Economist Hates Wealth Taxes Wealth taxes are on the cover of The Economist this week. Zack Polanski and Zohran Mamdani are pictured. The magazine is against them. We’ve read it so you don’t have to. What The Economist Says The Economist runs two articles on wealth taxes and barely bothers to argue against them. The substantive objections amount to two sentences: wealth taxes would be “confiscatory,” and “seizing the assets of society’s most productive people is a road to economic ruin.” Gary takes each apart in turn. Every…
This is an AI-written (but human-edited) summary of Gary’s recent video: The UK is closer to wealth taxes than ever before The UK is currently closer to introducing wealth taxes than at any point in the last 40 years. In this episode Gary unpacks the current political situation in the UK, and a potential route to getting wealth taxes from it. The Political Context The Labour government in freefall. Keir Starmer, who won an electoral landslide just two years ago, is now among the most unpopular prime ministers in modern British history. Labour were routed in local elections. Living standards have…
This is an AI-written (but human-edited) summary of Gary’s recent video: Why Jeff Bezos wants to cut your taxes Jeff Bezos, the world’s fourth richest man with a personal wealth of approximately $280 billion, gave an interview on CNBC this week arguing, seemingly on behalf of ordinary working people, that a nurse in Queens earning $75,000 a year should not be paying over $1,000 a month in taxes. Gary’s response is to take the argument apart carefully. The Setup: A False Choice The context matters. A ballot on adopting a wealth tax is coming in California in November, and newly elected…
This is an AI-written (but human-edited) summary of Gary’s recent video: The economist billionaires fear: this is how we get a wealth tax In his previous video on Rory Stewart, Gary promised that the response to accusations of fringe economics would not just be rhetoric, it would be evidence. He said he was reaching out to the most reputable economists in the world who share his analysis, and that the first to appear on the channel would be Gabriel Zucman. Who Is Gabriel Zucman? Gary opens by contextualising his guest. Zucman is a professor at the Paris School of Economics and…
This is an AI-written (but human-edited) summary of Gary’s recent video: Why are the far right doing so well? And can it be stopped? Across the UK and Europe, far-right parties are surging. Reform are ahead in UK national polls. The AfD doubled its vote share in Germany. The mainstream response has oscillated between dismissal, alarm, and increasingly desperate attempts at imitation. Gary’s argument is that all of these responses share the same flaw. They are focused on the wrong question. The question is not how to discredit the far right. The question is why they are winning — and that…
The post Why do asset prices keep going up? appeared first on Garys Economics. Source link
This is an AI-written (but human-edited) summary of Gary’s recent video: Will AI destroy the economy? Gary opens the video with a question that has been circling in public debate for the past two years: will artificial intelligence make ordinary people richer and more productive, or will it steal their jobs and leave them worse off? His answer, characteristically, is that neither of the dominant narratives is quite right — and that the past has already given us the evidence we need to work out what is actually going to happen. The guide he reaches for is the Industrial Revolution. Two…
This is an AI-written (but human-edited) summary of Gary’s recent video: Have I been wrong on the economy this whole time? Gary returned from six months of filming a Channel 4 documentary to find that the biggest piece of gossip in his absence had been generated by Rory Stewart, former Conservative MP and co-host of The Rest is Politics — the UK’s most-listened-to politics podcast. In a November interview with Green Party leader Zack Polanski, Stewart had questioned Gary’s credibility as an economist, implying he lacked serious qualifications for the role. Gary came back and watched it. He found it interesting…
This is an AI-written (but human-edited) summary of Gary’s recent video: The Iran economic shock is coming. How to protect yourself The US and Israel have effectively invaded Iran. Iran’s response has been to block the Strait of Hormuz – the narrow body of water through which an enormous share of the world’s oil and gas passes. Nobody knows how long it will stay blocked. What we do know is that this will cause a large increase in the price of energy, and knock-on increases in the price of food and pretty much everything else. There is also something not being…
Protected by Security by CleanTalk and CleanTalk Anti-Spam
