Garys Economics

Do bond markets control the government?

The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.

Elon Musk is the world's first trillionaire. How scared should you be?

If unstopped, the trillionaires will eventually have no choice but to take everything from you, your children and your grandchildren. Here's how it happens (and how to stop them). TAX WEALTH NOT WORK tshirt: https://shop.garyseconomics.org/ [https://shop.garyseconomics.org/] CHAPTERS (00:00) Intro (00:21) What is a trillion? (03:03) What does Musk own? (06:56) Should you be worried? (13:00) They will own everything (16:27) Victorian levels of poverty will return (18:17) Do you want your kids to own things? (21:08) Is this a new feudalism? (26:31) You will lose to the trillionaires (28:33) Colonialism and the Industrial Revolution (34:35) Tax wealth not work (36:21) My predictions came true (38:45) What are you going to do? (43:32) More in common with each other than with Elon Musk

Why does The Economist hate wealth taxes?

The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/ [https://shop.garyseconomics.org/] CHAPTERS (00:00) Intro (00:55) Are we a meritocracy or an inheritocracy? (06:53) Inheritance tax vs wealth tax (12:27) Would it deter innovation? (18:52) Taxing the most productive people (21:07) The Economist’s integrity (22:21) What our intellectual elites think (25:40) Confused or misleading? (27:30) They are trying to distract you (28:42) Why journalists bat for billionaires (30:26) If you have less than £10m listen to this (34:47) Wealth taxes are NOT far-left (36:56) We need the intellectual classes (38:45) They are scared we’re going to WIN

A wealth tax in the UK is becoming unavoidable

Are we about to get a new Prime Minister in the UK? The change in leadership may be the best chance we've ever had of winning wealth taxes in this country. And it could be a blueprint for other countries around the world. Chapters (00:00) Intro (00:36) UK situation (02:18) Who will be the new Prime Minister in the UK? (03:41) A poisoned chalice? (07:57) Strong position to get wealth taxes (11:13) I will back Labour if they do this (15:45) Adopting our political framing (22:01) Would Andy Burnham really be different? (25:11) The markets refuse to lend the UK anymore (28:09) What happens if we DO get wealth taxes? (31:01) We need to tackle long-term problems (34:13) MY PREDICTIONS (34:57) The progress we’ve made

Why Jeff Bezos wants to cut your taxes

The world's fourth richest wants your taxes cut to 0. Why did he say this last week – and should we believe him? T-SHIRT: get the Tax Wealth Not Work t-shirt https://shop.garyseconomics.org/ [https://shop.garyseconomics.org/ ] Chapters (00:00) Intro (02:43) Why Bezos wants lower tax (06:34) His real argument (09:12) How they distract you (12:51) They think you’re stupid (14:04) Tax wealth not work (16:59) “Everyone hates government” (21:45) Blaming politicians (23:50) The broader context (26:04) How billionaires are making you poorer (28:37) The 5 Whys (32:44) What progress have we made?