Gary Destroys Billionaire Defender - on Cristo's talkRADIO Political Panel

[@macprofessor]

Pure class from Gary, didn't speak over anyone, made a clear point that the others just jumped in to blather over without saying anything. Institute of economic affairs - rich peoples propagandists.

[@colinneilson2630]

what are you talking about?? Pure class in a debate involves addressing what the other side said. I like what Gary says however he did not bother engaging in the debate

[@fayearmit8945]

I just hope that Gary’s videos keep getting more and more coverage. We need Gary Stevenson right now. We have been kept ignorant and told that economics is beyond our comprehension for too long. Understanding what is happening and thinking critically is our best chance of surviving.

[@100geemo78]

Exactly. The system is designed to keep the masses economically illiterate.

[@zakpullen8113]

It's incredible they don't question the increase in billionaire wealth due to government action, but object to government action to reduce it. It's intellectually obscene.

[@BLINDTUBEMARES]

It's the old story of stupid peasants praising the knights in armour. I used to work at The British Museum as a security guard. These guys banged on about city traders and how very hard they worked and how they deserved every pound they earned while earning about £25,000 a year

[@Badassmutha]

@@BLINDTUBEMARES It's high time we differentiated between work and graft, and sheer human manipulation.

[@BLINDTUBEMARES]

@@Badassmutha absolutely agreed!

[@Jeannelawes]

Gary on the BBC @ Zak kzbin.info/www/bejne/pZ3LimaEfpydmKc

[@Jeannelawes]

@@BLINDTUBEMARES Here you go Gary recently on BBC kzbin.info/www/bejne/pZ3LimaEfpydmKc

[@dablackangel]

Imagine defending billionaires increasing their wealth exponentially but saying poor people should pay more. These people are insane

[@digbycrankshaft7572]

No just immoral, corrupt and evil.

[@dablackangel]

@@digbycrankshaft7572 I can't disagree with you there

[@gabydewilde]

raise the ticket price! Grab their assets!

[@Otakuoasis6860]

To be honest it’s the governments fault bailing out companies instead of letting them fail due to their bad decisions

[@BAmalakas]

She's on their payroll

[@adamlasry5225]

Gary is a thinker. Annabel is a posh woman who has never suffered or lived in poverty to have empathy with the poor and masses. Well done, Gary.

[@randomblogger2474]

nailed it...she sees anyone that is struggling as undeserving, but there are millions of people like her out there, don't think she's a "lone speaker" especially down south. If your poor...you deserve NOTHING but contempt, that view been encouraged since 1979 and a certain iron lady got into power.

[@laughingachilles]

​@@randomblogger2474 You were doing well until you blamed Thatcher for the contempt some have for the poor. That rather demonstrates your utter ignorance of history and even traditional conservative thought. The poor have always been looked down upon by a certain group of people, it didn't start with with Thatcher. It isn't even the average rich person who looks down on the poor, believe me I've known more than a few wealthy individuals. It is a certain subset of these people who are often feckless but have inherited wealth or family connections which put them in high earning positions despite their incompetence. I've met some of those as well and they're truly disgusting people. It's not a simple rich vs poor paradigm. Indeed I would argue that idea is used to distract people from the larger issue of corruption by a handful of very well connected and powerful people.

[@HandleBars396]

@@randomblogger2474 you’d also be surprised how pervasive these views are among the regular folk. It’s like they are just so happy to put a noose around their own necks whilst defending the billionaires.

[@colinneilson2630]

so Annabel is not a thinker?? Really. That's just silly

[@SigFigNewton]

@@colinneilson2630​​⁠​⁠she’s pretty clearly an ideologue, not a thinker, just like Cristo. Take for example the part of the video where Gary pointed out that a single massively wealthy person has recently gained more than enough money to pay for the public transport system that London needs. Annabel took the position that it would be preferable for the city of London to have worsened public transport and the broad economic and personal financial hits that go along with that… than for this one massively wealthy individual to be financially inconvenienced. Now recognize that her position is actually more absurd than that, because nobody was actually proposing having a single person pay for it. Rather, the ultra wealthy collectively should. It’s simply what is objectively better for society.

[@1920pam]

The alarm in their voices to jump to silence GS before he finishes his thought, reeks of fear and desperation. They clearly have owners.

[@doctorfunkshock]

You can hear it in the things they say and the way they say them.

[@araweelospirit4180]

It was a setup from the start. The aim was to play the perpetual British class card if we are the elite and we deserve this while you the working class don’t because you are in your situation because you deserve to be. Sadly many working class people will nod their heads in agreement rather than acknowledge that the class mobile can no longer be attained if the odds are stacked against you. It’s a weird conflation between wealth and class that’s blinding people into poverty

[@kanedNunable]

isnt talk radio owned by murdoch?

[@therearenoshortcuts9868]

when you get the billions if you dont use it to buy up all the media that you can you simply do not know how to stay rich rofl

[@LokiBeckonswow]

true, well said

[@donnagray5670]

Annabel is defending billionaires but no empathy for working people who have experienced higher taxes and inflation with worst to come next year. At her suggestion of privatising the Bakerloo Line I realised these individuals just want poor people removed from society.

[@garyseconomics]

Yeah that was a mad one... Privatise the Bakerloo line!

[@glowwurm9365]

Privatise the Bakerloo line? How would a private company have made money when revenues dropped by more than 50%! How is this idiocy given a platform?

[@lindalong5052]

who are these smug people? and what radio/ TV station is this so I can avoid it like the plague? /

[@lemongrabloids3103]

Helen Lovejoy “won’t someone please think of the billionaires!” 😂

[@GrimReader]

It was very frustrating hearing them sarcastically making the correct points to mock you and then claiming taking wealth from these dragons as immoral. She wouldn’t know immorality if it allowed thousands of working poor to freeze to death

[@piotrstopniak1309]

The other thing that seems to be a trend in a lot of debates on this subject (including this one) seems to be that the opposition very quickly turns to "oh, you're just going to take ALL the money away? Confiscate it like in the French revolution?" ...tax is somehow only just when applied to the poor and full on robbery when applied to the rich. The psychosis runs deep. I imagine that getting 10% less of a 2bn PURE PROFIT is not going to dissuade any tycoon from 'trying their best'.. (personally I would be ok with only 1.8!). But 200mil in public spending changes lives.

[@garyseconomics]

When it's regular people it's "tax". When it's the rich suddenly it's "seizing assets". Crazy.

[@firebyrd437]

@@garyseconomics language is everything that's why it's said this way, I'm sick of these people

[@ferlandpetrus2157]

@@firebyrd437 i'm sick of the so-called rich parasites. Resources are finite, including labor - they are extracting their wealth from everyone else's blood/time

[@jorriffhdhtrsegg]

Yup their assets stay here anyway. Large amount of wealth is not here in the first place its in a tax haven. And if they need to become a little more efficient by investing productively, what better to inspire them than a little squeeze! Wtf are people talking about with dissuading them to be that rich anyway, its unhealthy they are that rich in the first place!!

[@eh2254]

Psychosis, yes.

[@MrTynanDraper]

We need more people Gary like speaking out. The billionaire class have completely pulled the wool over the eyes of the working class and convinced them that all wealth will flee the nation and it will fall into chaos if we enforce a fair and progressive taxation on them. Most billionaires actually enjoy living in a society that is not SO unequal that they can never relax and just go out. . without huge security detail and dread. It's in their own best interest to not widen the gap so far.

[@garyseconomics]

Thanks boss, totally agree, please help spread the message by sharing!

[@thepandasdoitbetter]

well said

[@agt155]

There are only 50 British billionaires.

[@MrTynanDraper]

@@agt155 A simple google search reveals there are about 177. . That's a lot more than 50.

[@agt155]

@@MrTynanDraper Majority are transient Russian/Saudi oligarchs not British.

[@GreenLarsen]

This program really needed a fact checker. She kept saying things that are just plainly wrong. Like, privatizing the NHS will make it cheaper, when the fact is that the NHS have been increasingly been privatized over the recent years and it is those parts of the NHS that have gone up in price

[@summerrain3713]

Its a well-known fact that once its privatized, the fairs and costs for consumers will hit the roof.

[@dorian7215]

@@summerrain3713 how can it not when every year private interests will want a return on top of inflation costs.

[@lorcanmurray6017]

She was just horribly condescending about things she never has and never will have to be scared by

[@gabydewilde]

What do you mean? I cant think of any privatization in any country that was beneficial for the citizen. NOT ONE

[@neuemilch8318]

I also found it interesting that she took the German system as an aspiration. While our shitty hybrid system is responsible for a lot of our problems. I personally know people who have had unnecessary surgeries because it was in the profit interest of the hospital. I personally am currently under insured as I can't switch from a private insurance to a public one. The only reason the German system isn't as bad as the NHS is because we don't completely underfund it. It's actually pretty simple, in fact a lot of the British should realize that too. But I don't know, maybe enough people fall for the attempt to completely gaslight them.

[@benmorris118]

No normal person can earn their way to being a billionaire. It might happen in exceedingly rare circumstances, but no billionaire has ever really deserved that much wealth. It is a truly exceptional amount of wealth, and sets a person apart from the rest of society

[@bogdiworksV2]

I don't see how it's justifiable to be a billionaire beside the fact that you already are and it would hurt your feelings if you suddenly had less. It's not like any of this lot would ever starve in this lifetime.

[@coopsnz1]

You can't but can become a multi millionaire investing from a teen

[@rich2083]

@@coopsnz1 if regular teenagers were ever taught about such things in school

[@Paddythefriendlykiwi]

@@coopsnz1 if you have something to invest in the first place. You're already talking about someone who has relative wealth as a starting point.

[@briopalumpus8676]

@@Paddythefriendlykiwi i dread the next 15 years, the middle class who currently drive two SUV 's and go on plush holidays once a year will become a rare thing. people will get poorer, some will be forced to catch the bus and take forign trips once every 10 years.

[@Neilhuny]

I find it hard not to be spitting mad about Annabel Denham's defence of the super-rich! With due respect, I guess she is a reasonably well paid expert as the Director of Communications at the right-wing, climate change denying, neoliberal think tank ;The Institute of Economic Affairs, funded by the fossil fuel industry, tobacco industry, and undisclosed others. Surely not the Koch Brothers? So she has earned her right to speak on behalf of these right-wing billionaires in opposition to 99.99% of our society. Her hatred of Britain and the British in the guise of privatising the NHS is abhorrent - I was surprised to not hear her say TB, Cholera and starvation are to be expected in a free word

[@sprobablycancr4457]

And lest we forget, the aformentioned 'think tank', "Predicted" (Wrote), The Truss-Kwartang mini budget.

[@o3Do-d4g]

She is a Jew puppet

[@LunaRose1312]

"Start grabbing at people's wealth" in otherwords cristo feels he hasn't actually earned his wealth so therefore he takes it as a personal attack, meanwhile not understanding how he's running defence for people who see him as just another poor like everyone else, the middle class really think they're safe don't they ? Great stuff as usual Gary, love catching up on all this older content

[@ferlandpetrus2157]

yes, the middle class think they're closer to the rich than to the poor

[@Rebelconformist82]

Laughing at Annabels worried expression when Gary started saying what she dreads.... The truth.

[@OnlyNetEdits]

She has dead eyes, and the pig man has been taking too many bribes

[@simran07]

It scares me that Annabel thinks that these billionairres are working hard for their money - they aren't! It's usually returns on their wealth and NOT income Also tired of this same old argument that it's "not feasible" to tax the billionaires! Great appearance, think you went a easy on her!

[@bigfriki]

More than anything, Annabel has shown that she doesn't really understand the actual problem. The fact that she brought up the argument of "rich people just moving away" and even aluding to it being immoral to tax rich people while it is perfectly fine to tax ordinary people who are suffering 100 times more from the Covid crisis, is just mind boggling. She either 1: doesn't understand at all how wealth is created, maintained and distributed, or 2: she knows, but choses to play devil's advocate perhaps due to some personal interests.

[@tonywilson4713]

I'm new to Gary's channel so I am going back over a few and you are right on target. I'm actually an Australian engineer and I started looking into economics out of frustrations from dealing with economic rationalists. People like Annabel with that stupid "they wont invest here crap." That's a complete garbage line because if it was true Apple and others would NEVER have moved any factories to China. Its unbelievable how these clowns make these stupid claims and just keep repeating them endlessly. Its one of the things the pro-business right wing media types just pump out and keep pumping out that are all about scaring workers. Its the shut up or we'll take your job to China narrative.

[@jorriffhdhtrsegg]

Regarding property and natural monopolies they are literally just people who hike up prices as a kind of middle-man saying "i got here first, so pay me to get thru"

[@iwillcox1113]

I imagine she does not actually think that. Her's is an early - and well-informed - version of denying that history ever happened.

[@mariuscheek]

Totally - and I believe Gary has since pointed out that wealth is (or should be) easy to tax because you can't take a football club, or an estate of commercial buildings, or 100,000 acres of land out of the country. It's always going to be here.

[@michaelcorrigan4625]

Annabel and Christo have some bizarre thought processes. Great patience from Gary.

[@bigdaz7272]

She talks of "ethics" while giving rhetorical Head to Billionaire Class. Does She even realise how utterly ridiculous She sounds.

[@yetidodger6650]

yes she does, but she doesn't care.

[@sprobablycancr4457]

Almost as if her life(style) depends on it.

[@bmwmd110]

Shes being paid, you would do the same. So, would I. So did Gary when he was trading.

[@bigdaz7272]

@@bmwmd110 No thats the rub. I wouldn't do that because i put morals above some easy money.

[@bmwmd110]

@@bigdaz7272 Easy to say when there's no offer on the table.

[@atverde]

Interesting how taxing a billionaire is considered as a seizure of assets.

[@garyseconomics]

Yeah presumably your income tax is not a seizure of assets. Language is complicated.

[@KokowaSarunoKuniDesu]

We need fewer radio hosts like Cristo, who repeatedly put words into Gary's mouth and when he did let him talk, gave him "10 seconds" to reply when he had allowed Ms Denham much more time to air her unsubstantiated trickle-down screed.

[@gedman9527]

Gary is spot on ,he doesn't need to spout shite , he knows the facts , he sits silent says a few word and shoots them to the ground with facts , most presenter's no nowt just want to hear their own voice , Gary your the man !!!!!!

[@Heggo81]

How do you keep your cool? I’m not sure I could. Keep it up Gary!

[@garyseconomics]

Lots of practice!!

[@1969RestlessNative]

Desensitised due to exposure to these selfish fuckwits 😂

[@patcampton7163]

He is great ans interesting to listen to.

[@LorenzoCucurachi]

Amazing Gary. Really loving what you’re doing on general. Please keep it up. We don’t have enough people like you!!!

[@kaboose64]

Love how Gary let them say their piece but as soon as he says anything radical they're jumping on his throat. Don't even have the decency to hear his whole statement

[@dangus69420]

What the fuck is the point of having billionaires if you can't have a healthy society along with them? Like if the choice is tax billionaires and some leave then who cares? We already weren't getting tax off them.

[@garyseconomics]

Fully agree. What is the point of them being here if all they do is take our money and push up our house prices without paying any taxes.

[@davidbeckhamfan7360]

Great point, made me laugh too 😂

[@dianebushby2510]

@@garyseconomics Where do billionaires spend all their money it surely isnt going to be in the UK unless of course they are spending it on houses that they are renting out to the poor blebs who work for them! They spend their money on planes, houses, yachts, or they are buying up businesses that have run into trouble and cannibalising them selling off all the profitable bits and letting the rest of it go to the dogs putting normal people out of work and then paying accountants to make them look poor so they pay little to no tax whilst the rest of us have no choice!

[@jorriffhdhtrsegg]

We should get rid of them. By taxing them to leave the country. I don't care one bit if they do. No one mentions how bad they are for the economy, and just assume they are essential that they stay 🤷

[@tonyrichard2705]

Am sure if the billionaires were taxed as much as the people who actually do the work we would be a lot better off

[@afgor1088]

i love the freak-out when Gary just says "i don't see why not" to seizing billionaires assets despite that being a pretty popular position. these people are in such a bubble they react the same way to seizing the assets of a parasitic class as if you'd just set fire to an orphanage

[@agt155]

Why don't we just seize all £Bn+ corporations?

[@markwelch3564]

If you set fire to an orphanage, they'd be more worried about the loss of property than the orphans...

[@googane7755]

Let these billionaires flee, they're only a parasite on the economy and they won't be able to take their assets with them which I see as a win.

[@truth.speaker]

@@googane7755 honest question ❓ many countries have no billionaires. Why don't these places have what average people have here? For example, Nigeria has a massive population (about 3 x the UK) yet they have almost no billionaires and.fewer than 10,000 millionaires. Yet the average Nigerian cannot buy a car. Or an iPhone. Or fly just for a fun holiday Surely if you are hurt by having richer people, why can you buy so many things they cannot buy in places where there are fewer richer people?

[@googane7755]

@@truth.speaker So? India, China, and Russia has more billionaires but is the average person better off? It's because the country has wealth that is distributed unequally. Having a wealthy country is not a symptom of having billionaires. Countries like the UK has the education, workforce, infrastructure and market and that is where the wealth is not a few wealthy oligarchs. Now I don't think millionaires are bad for the country, they obviously had to do something right but when you start having billionaires then that wealth is just being horded.

[@Hambo04]

This lady is director of communications at the Institute of Economic Affairs, wow, just wow - I'm speechless!

[@albal156]

Im speechless too but not surprised sadly. IEA promotes this kind of ass-backwards free-market economics. Market forces in healthcare? In the end that gets you the US system.

[@peppertennis]

Institute of economic affairs are far right lobbying company Evil bastards

[@liamh5089]

The Institute of Economic Affairs is a far right think tank that is funded by billionaires. They take a lot of money from tobacco companies too. They are on every media outlet every day and most people don't realise who they actually are.

[@bearwynn]

don't assume the "Institute of Economic Affairs" is anything good, they chose that name to sound smart and important. They're a privately funded think tank designed to push an economic agenda, with all their funding sources deliberately obfuscated. They also claim charity status for tax reasons.

[@pollyannakarina]

Time to catch up on these shady groups with innocuous names centred around Tufton Street in London, the IEA being probably the most notorious of the lot. They are NOT your friends, they want your life to be a short continuous struggle. kzbin.info/www/bejne/f4OnfXyFgqpnbcU

[@Marcus-qw9sx]

"What incentive would people have to be wealthy". I don't understand this logic, in that case, why should ordinary workers work? They aren't going to be wealthy by that logic so it's in their interest NOT to work then. The host is a clown.

[@garyseconomics]

Yeah, it doesn't make sense. Economically, there is no reason why we would want to incentivise very wealthy to be more wealthy anyway - all that does is suck wealth out of the economy and make wealth like housing unaffordable for ordinary people. We need to incentivise them to SPEND more and become LESS wealthy. That will boost the economy, make wages rise, and make wealth become more affordable

[@Explorer982]

I think this goes to the very heart of the issue. Anabel sees billionairres as creating wealth and letting us have a little bit of it, rather than us actually doing the work,paying the rent etc that gives/ enables billionaires to have that wealth.

[@bakedbean37]

@@Explorer982 Don't worry. Our share of the wealth is gonna start to trickle down any day now. Keep the faith :-) What with that and all the leveling up they're promising the future looks very promising wouldn't you say? /s

[@jorriffhdhtrsegg]

Being that wealthy is not a positive for society even if it were true! It makes no sense! Oh boo hoo, less worker exploitation, more investment/spending, more efficient market competition, removing barriers to entry, more available housing. I will sure cry when the billionaires leave the country and these things happen 🙃

[@obibraxton2232]

@@bakedbean37 lmaoooo keep wishing

[@J.e.nnifer]

Profits are always privatised and losses are always socialised. That was painful to listen to lol

[@iwillcox1113]

Well done Gary, for biting your tongue and remaining reasonable in the face of such lunacy.

[@rod2623]

Gary, thank you. I thought that the host saying he didn't want to put words in your mouth having done just that was a classic! The billionaire fan lady was also nauseous. "venerating the NHS" is morally wrong? Is that what she was saying? Or did I misunderstand? I suggest that if she doesn't like the NHS she leave for one of those European countries whose healthcare models she prefers, oh, wait... You were the only class and honestly on that program . Best wishes.

[@alicequayle4625]

The IEA are lobbyists for Thatcherism and wrote Liz Truss's economic policy.

[@gordonrotherham2500]

Christo and Anabel are literally arguing from a position of no knowledge! Amazing;)

[@warrengraham5145]

"...Impossible to tax billionaires once they leave the UK." Their assets are here in the UK, those can be taxed. The same way we did with the Russian Oligarchs when Russia decided to invade the Ukraine. It worked! Those billionaires are so far removed from normal society that they're attacking us however they can. Enough is enough, tax the rich and their assets they have in the housing market as one example.

[@piotrstopniak1309]

Annabel sounds like she doesn't even believe what she's saying... And she's basically saying "just stop being poor”. I bet she believes the American private healthcare system is a good and fair institution.

[@GrimReader]

She’s fishing to work for the dragons she’s defending

[@pollyannakarina]

I have no doubt whatsoever Annabel Posho has received some of her training in America, where this kind of talk has been going on for decades. They all worship at the altar of Ayn Rand, a free market zealot who accepted public healthcare in her final impoverished years. Classic ideologue; banging the table for widening inequality until the inequality impacts them directly.

[@Skylark_Jones]

Annabel isn't interested in "playing the man against the bull", she just prefers to talk bull. "Seizing the assets of billionaires"? That's not what Gary was saying Annabel! He's simply saying they're not paying their fair share of tax even though they've made a huge amount of money during the pandemic, but it eems she would rather we ordinary folk part from our hard- earned money (which we already have so little of) than see billionaires part from even a tiny squidgeon of their massive easy-gotten gains. Why should the poor always subsidise the rich? Greedy billionaires are unwilling to give something back, always keeping it all for themselves and not working hard to get that money! How much more do they need to live on, ffs??? TfL have lost money because of the pandemic because the government told us to stay home as much possible in order to reduce the spread!

[@tombstonevulturecommand]

Oh Gary, being spoken for.....good on you for holding a smile

[@dissol1306]

Gary is spot on; we need a wealth tax. The transport situation (whether London or North of England) always require subsidies from the taxpayer. It is only fair that those who have made obscene profits through the pandemic, and now in the cost of living crises are heavily taxed. I remember many years ago having an ongoing argument with a stockbroker friend who was making millions, and he tried to defend his income because he had to “work so hard”. He joined me on the farm during a long bank holiday weekend (as a farmer, I could never take that time off away anyway), helping with our harvest. He didn’t last the entire weekend, but just failed to pitch on the last day. Finally, he agreed that there would be many, many people in the country that were working a lot longer and harder than he, or his colleagues were. At least the outputs of my business went to feeding people; never quite sure what the outputs from his business did, but he was able to retire in his 40’s, whereas I will turn 60 this year, with no chance of retirement now as all my savings were spent getting through the pandemic.

[@Chiefmucka]

Two sides here... - The Institute for Economic Affairs (IEA) is one of those shadowy thinktanks that doesn't disclose most of it's funding. The funding we do know about includes cuddly companies like BP, British American Tobacco, Japan Tobacco, Philip Morris International, Japan Tobacco International with further funding from the alcohol industry, food industry, and sugar industry. - Gary, a self made man who has the financial breathing room to think objectively. We need to remember Annabel doesn't have people best interests at heart, because her funders dont either. That's why she's forced to reframe and misrepresent arguments.

[@zeuschronos446]

That's a really good point, gary can say whatever he want's, most everyone else have to be careful what they say cause how they make their money depends on it.

[@eddielopez5708]

Privatize? That's a bad idea. If done, the following will happen: The company will only focus on profits Maintenance will be lacking or none at all. Service will be reduced The pool of workers will shrink Workers' pay will be reduced.

[@HarryvandeSunweb]

Furthermore less people will want to use public transport, causing a vicious circle.

[@jermainelong1843]

Ha ha ha!! Annabel thought she had an ally for a minute, until Gary elaborated😄

[@toms4552]

Her face through out says it all. She has meaningless platitudes and propaganda phrases and Gary has the truth

[@lemongrabloids3103]

I love how Gary just calmly sips his tea…. Waiting to eviscerate his opponents 😂❤

[@garyseconomics]

Lol, enjoyed this comment

[@pollyannakarina]

@@garyseconomics You do drink a lot of tea, Gary!

[@truth.speaker]

@@garyseconomics Gary I'm trying to understand why it hurts me for someone else to own large amounts of money When I look at countries who don't have billionaires (such as many African nations) why don't I see the average person flourishing? Why does the average standard of living sit so much higher in area where billionaires are resident? Why don't nations without billionaires experience the same material prosperity as the nation's who have billionaires?

[@lorraine.-.]

@@truth.speaker because corruption worldwide runs deep! People placed in high powered positions are just as greedy as the wealthy. They see the world through the same lenses, only lenses that THEY get to wear & see out of. The rest of us must walk around blind, disoriented & only allowed the scraps of life we are handed.

[@FPSIreland2]

@@truth.speaker I think a much better explanation for your comments regarding Nigeria in another thread can be very easily explained with some basic historical knowledge: when European nations *the ones who are rich today* went to those countries to trade, they destroyed the native economic and political culture and placed them square at the bottom of colonial trade relationships, so they were exporting cheap raw materials while the centre's of each empire processed those goods and sold them at a markup usually as luxury items. You, and peope like you, call yourselves things like "truth seeker", though it seems like none of you ever want to know the actual truth

[@richard127gm]

This is what happens when "commentators" come up against someone with principles that knows what they're talking about.

[@lorraine.-.]

Gary not only has principles but he grew up with the working class, played their financial game & beat them at it! Which isn’t something they like happening.

[@alicequayle4625]

Iea aren't just commentators they are lobbyists for the rich and Thatcherism.

[@Gph0367]

You're a hero Gary. Thank you for all you're doing👍

[@tomblewomble3369]

I find it telling that Gary quietly listens to both of them, even when they are putting words in his mouth or, speaking untruths, and yet when it's his turn to speak they interrupt him within 10 seconds.

[@Shadaeprincessinspiration]

Great content. Brave speaker. And it is true let us keep our working wages.

[@daftjunk2008]

Wonder if it's easier to get the point across by campaigning for a restructuring of the economy, rather than taxing individuals after they've amassed insane wealth. It's too easy for billionaire apologists to create sympathy that you're asking to take something from individuals that they've 'earned'. Making them the victims. Rather, in many cases that money should never have got to the billionaires in the first place.

[@daftjunk2008]

Not a criticism by the way. Absolutely love your work.

[@garyseconomics]

Thanks boss! I will consider the alternative argument

[@annenunney9907]

Gary never gets anything wrong

[@kevingrant7098]

14 years ago, satisfaction with the NHS was very good now it is absolutely destroyed by the Tories

[@audreymcgready4329]

Once again Gary steps forward to speak for us. The Tories are only concerned with their wage and the perks of the job. This isn't about the country. People would do well to remember. Sunak was caught on camera saying he had already started to shift money from the poorer areas to the richer. They must need a new prada shop eh?

[@alicequayle4625]

Crikey do you have a link?

[@catherinemartin6258]

Thank you Gary 👏👏👏.

[@LordOfLight]

She wants to privatise the Bakerloo line, presumably because rail privatisation worked so well. These clowns never learn.

[@Ryan-pz2wh]

Privatising things like railway lines and waterworks is pointless since it isn’t a “free market”. People only have one local railway station which is operated by only one company. The railway company is essentially a monopoly over the service it provides. Consumers have very little viable alternatives (driving into the city is too expensive, busses and bikes take too long) so these railway companies can effectively ramp up the prices as much as they want. They have their customers hostage and it isn’t free market capitalism where consumers have the power.

[@Alex-jc7eo]

Ooohhh! She said grow the pie! She sounds like Truss too! Where do they get these people?!

[@garyseconomics]

Many people believe that it is this think tank (the IEA) that largely gave truss her language and ideas.

[@alan_davis]

@@garyseconomics that worked out well for her! Although I suspect a few £B was made on shorting the pound that week...

[@morrisizing]

They seem to ignore the fact good infrastructure, skilled capable healthy workforces & good market access make the country more investable.

[@fuckbankers]

Gary in the lions den. Well done Gary.

[@austinsideburns]

Been watching lots of Garry's videos, Its been an education to say the least. It strike me that the message should be made clearer to tax the assests of the rich rather than the earnings. The argument that they have worked hard for their earnings just like everyone else will be mute one in this case. In one of Gary's discussions he even mentions that he was paying 50% tax on earnings.

[@Studeb]

If that woman's arguments convinced you, you are going to live the rest of your life a victim.

[@glowwurm9365]

Annabelle’s answer to everything is privatise it, meanwhile private rail companies, energy companies in fact private companies in all sectors of our economy are receiving goverment bailouts to prop them up during the covid crisis. Banks were propped up during the financial crisis despite it being their own reckless behaviour (thanks to legislation probably supported by Annabelle in the first instance). The truth is certain sectors of our economy can and should not be run for profit (yes privatise the NHS Annabelle). How she expects a privatised Bakerloo line to have faired during covid and to come out unscathed despite record fall in footfall is laughable. She’s detached from reality and wedded to the idea of neoliberalism which is clearly failing the majority of society. But then her salary is paid for by fossil fuel, tobacco and billionaires who fund the think tank she works at so none of that is surprising. Christ we’ve not seen real term wage increases for nearly two decades, meanwhile stocks and property increase in value their on year and wealth inequality is rising exponentially. She has no answers for how we increase demand, because her ideology actively removes demand from our economy and puts it into assets. It’s all so fucking obvious and rather depressing TBH

[@pokeedmund1016]

Just want to say I'm glad I found your channel. Brit here who lives in the US right now. I was so angry at how the host and their other guest kept on interrupting your opinions on matters, but when they had something to say, they kept it going on for most of the show. Keep doing the good work Gary

[@IrfanAli-qp1gm]

It would take a person earning 35000 a year over 28000 years to earn 1billion. It is woeful to see Annabel talking about the need to preserve the wealth of the super rich while more and more people need food banks.

[@HarryvandeSunweb]

She's from the "Institute of Economic Affairs", which is a rightwing "thinktank". Thinktanks are usually just organisations with the express purpose of propagating a certain idea, paid for by whoever wishes to strengthen those ideas in public discourse. It's her job to advocate for the rich.

[@IrfanAli-qp1gm]

@@HarryvandeSunweb Yes , she is a scumbag, to use the technical term.

[@GS44691]

Cristo's arguement is that it's more fair to 'grab' at the little wealth (incrase taxes on) that working people have, than to 'grab' at the vast amounts of wealth that billionaires have during a crisis. Essentially, he's saying, it's morally fairer that we increase the poverty of those without wealth to avoid the 'imorality' of taxing billionaires a fraction of their wealth.

[@lythalls]

Absolutely spot on 👍

[@grahamjohn678]

I'd like breakdown how much air time Gary was given compared to Annabel Posho "privatise everything" Denham.

[@richardbrophy3968]

She said these billionaires would leave. I'd have said good. What's the point in people who don't contribute their fair share to society. They are just sponging of the rest.

[@agt155]

It's their wealth London is built upon.

[@pollyannakarina]

@@agt155 And who does London's wealth work for? Have you been to the North of England lately? London's wealth benefits the wealthy of London, that's it. There is no trickle down, that jackanory story is over.

[@digbycrankshaft7572]

@@agt155 the wealth of London was built in the 18th century on slavery and prostitution and not on reputable trade and commerce as those lying Victorians would have people believe. A significant portion of the profits of the City of London are diverted offshore thus depriving the exchequer of billions of pounds of tax revenue. The City does little if anything for the wellbeing of the people and I look forward to it losing its position as the financial centre of the world as more business is directed to Frankfurt and other centres.

[@HarryvandeSunweb]

Regardless, saying the "billionaires would leave" is a silly argument. Gary has a video about this somewhere. They can't just pick up and leave. They'd need to sell all their assets that make money in the UK, meaning they can't make money of them anymore.

[@richardbrophy3968]

@@HarryvandeSunweb Yeah Gary made a good point, tax their sources of income then it does not matter

[@jlear8]

And talking about the NHS.... Annabel talking about the NHS saying it isn't fit for purpose so it gets privatised; so she is saying more billionaires profit from people being sick? I worked in the NHS and I know exactly what the problem is, it's bad managers doing bad business hiring worse managers whose only interest is the golden handshake they get when they are forced from their position for doing piss poor jobs. You tell me how one particular trust can justify spending millions of pounds it doesn't have to save a hundred thousand pounds by hiring a consultancy firm to tell them how to do their jobs for them. Did they even take their advice? Of course they didn't - a waste of time and money on the then CEO's vanity project. And where is their CEO who ran the trust into the ground? He has been made Chief Governance Officer; you cannot make this shit up.

[@jami7772]

Successive governments have always gone for the lowest hanging fruit ..... that's is ordinary tax payers. The rich have always been protected by the same governments. They should be taxed 'call it an emergency wealth tax' .

[@garyseconomics]

100% agree

[@nls8508]

Great talk. Thanks for the upload.

[@garyseconomics]

Thanks for listening!

[@gedman9527]

Gary is the man , why should millionaires profit in a crisis

[@James333-n2q]

I find the mindset of someone like Annabelle Denham completely baffling. If I were a multi millionaire I would feel ashamed that I lived in a society where some of my fellow citizens are living on the poverty line.. if I were a billionaire I would find myself revolting unless I was doing something good with the money. I really do think some people are just born greedy and have no empathy for their fellow man.

[@mp7161]

The weath of the corporations and billionaires shouldn't be taken, just taxed 100% over a certain limit

[@thesargs]

Who needs a billion pounds? Fundamental question, should end any argument along these lines

[@bakedbean37]

"Who needs a billion pounds?" Me! Have you seen the price of space rockets these days? :-)

[@bogdiworksV2]

absolutely. I'd like to hear a real answer to that question (thought jokes are fine, too).

[@12rotter]

Anyone who has a billion pounds will, with few exceptions, think they need it.

[@kinamod2k]

13:00 did she seriously suggest privatising the rail to help it's efficiency??

[@DipayanPyne94]

They always say that. How else are they going to please their corporate masters ?? 😂

[@jamesclab1]

Gary, sir, please keep the work up !!!!!!!!!!!!!!

[@PenStab]

My man wasted no time getting straight to the message, pivoting the drivel to the important information. Stayed on topic, stayed calm, let the others reveal their nonsense and responded clearly. Bravo, Gary. I can't wait for your message to keep spreading and for this movement to gain the moment it needs and deserves.

[@rabbitss11]

Great idea Anabel, let market forces dictate the future of the NHS, brilliant thinking - let's just go back to the 1800's

[@Alex-cw3rz]

You notice how their argument is just indignation, while Gary just points out facts. Billionaires gain 22% and working public lost money, if you are going to tax someone tax the people who are earner more for doing nothing, it's called windfall.

[@ScramTek]

This has not aged well, as I knew it wouldn't. Two year later and no regrets whatsoever in refusing to be included in this medical experiment

[@Elisolstice]

Privatisation is the go to answer for everything. It’s bloody unbelievable. I am so angry.

[@schark1965]

Its scary that she thinks most millionaires work hard or harder than many working class on a average wage, I would love to see these millionaires doing the job of a nurse, carer, teacher or similar, people should pay their fair share and at the moment Million and Billionaires do not and we should also mention Large corporates like Amazon too should pay their way.

[@pierohuarcayafernandezbaca2515]

Loved it mate! Coherent in Time with your posición...that's desperately needed this days

[@tomhosking7766]

So, apparently it's a moral problem to increase tax for the rich, who would still be rich anyway post-tax increases, but somehow its not a moral problem for the poor, who will just keep getting poorer, and invariably, struggle to even put food on the table. Is it any coincidence this just happens to slip her mind?

[@mattkingcome8495]

I disagree vehemently with offering payments or any incentives to get people to take the vax, people I doubt very much that the incentives would work anyway. People who are anti-vax have very strict moral and spiritual reasoning behind their choices

[@jamesclab1]

Great work!!!!!

[@alphaomega1328]

People also don't realise exactly how much 1 billion is. It also worries me her response 'very strange, we can just pay for our mistakes by seizing the money of the rich...' - they got richer because of the mistakes made in the public sector (either deliberate or genuine mistakes), they got rich because of the exploitation and inefficient spending - take the NHS millions of NHS 'funding' finds it's way to private pockets (probably BlackRock and co.) rather than where it needs to be - paying for more nurses, infrastructure etc... Billionaires get rich through passive incomes not working for it, and because of the fiet currency and interest rates once they get that cash it becomes Dead Money - not in circulation so it just sits generating more wealth, creating more inequality etc. How much wealth is too much? Even if they gave up 60-80% of wealth they would still be the richest people. Once the wealth gets in circulation it goes round.

[@barrysteven5964]

It's the difference between seeing the system as a team effort in which we all play a part and each group is dependant on the others - so society as a whole should benefit. Or seeing it as a gift bestowed by the billionaires on the rest who should be silently grateful for anything that may come their way.

[@jayl5009]

The problem is that rich people can simply move their money elsewhere, or hide it to avoid taxation if they really wanted to. It doesn't help that many of the people making the rules are part of this rich ruling class.

[@raymondbedborough8522]

Gary is correct

[@ivanmartin9067]

I am with Gary 100%

[@TearTheRoof0ff]

This idea that Gary's suggesting we sequentially work our way through a list of billionaires to personally fund stuff is just such a Homer Simpson take (though I do appreciate Cristo's role of devil's advocate here). Gary's obviously talking about employing taxes on the assets of the super-rich as a collective; he only pointed out that a single billionaire could afford to rectify a single crisis to elucidate how unevenly distributed wealth is, and where it is almost all currently sitting, not to literally single someone out for the funding.

[@digbycrankshaft7572]

Yes. That biased presenter was being deliberately disingenuous. It's not his job to play devil's advocate. That's what that awful Annabel woman was constantly doing. He's supposed to be impartial which he obviously wasn't if you look at the amount of air time each participant received and interruptions.

[@TearTheRoof0ff]

@@digbycrankshaft7572 She wasn't playing devil's advocate as much as she was simply playing The Devil ;)

[@mathewgallimore1484]

Having to be civil and respectful whilst listening to these 2 people......... I can't comment what I'd like to say. Gary, you're a star mate

[@rodmuirhead587]

Well said Gary.

[@Whistlpig]

This is a good example of the resistance we will face. Gary is right of course but these insane bootlicker won't allow it.

[@scrumtious1]

I'd love Annabel to talk us through the actual benefits of privatising essential services and how fares will go down when profit comes into play. Now to the NHS, I'd love her to explain why she thinks it's not fit for purpose and how lack of funding plays into it. Unfortunately I don't think Gary can argue to make these ppl care about the poorer in society. It comes down to forcing them to expose the fallacy of their trickle down economics theories.

[@alan_davis]

Because it worked out so well on the railways... oh, wait...

[@ozjob]

So billionaires need incentives to work hard and the ordinary person? Ordinary people work their back sides off, just to survive. Meanwhile billionaires get richer off that the worker

[@dekone5758]

What a culture in the UK we have of ordinary people jumping up to defend billionaires against having to pay the same taxes they pay themselves ! Bonkers. Billionaire lackeys everywhere solving the economy no where ! Tax the super rich !

[@Alex-cw3rz]

Ones has a masters in economics and was previously one of the most successful traders at citibank, the other is a mouth piece for the people who work at places like citibank. Which one are you going to believe.

[@lindacurrie8817]

Gary hardly got a chance to speak. However Annabel platform all to herself. I am livid. As for Cristo well clearly agrees with talking head Annabel.

[@lynnhickinbotham3784]

Gary can’t wait to read your book

[@dawncole551]

Keep going Gary!! - if these two will not appreciate the vulgarity of standing for billionaires who only have to give a tiny percentage of their INTEREST! from the billions they make every yr - then they like them have simply lost their humanity when thousands apon thousands are now suffering from deep stress or mental health due to this living crisis 😔 that as far as I can see was deliberate - it’s a game to the banks - recessions makes millions for investors!!

[@timelwell7002]

The NHS *COULD* once again be fit for purpose *IF* the government fund it properly - which would easily be achieved *IF* multinational companies such as Shell, Apple, GlaxoSmithKlein, etc. were taxed properly. Sadly, these companies are allowed to get away with paying only a tiny percentage of the tax which they ought to be paying even under existing UK Tax Law. Equivalent health care systems in most EU countries have double the budget that the NHS is given. I agree with Simran - taxing billionaires IS feasible - largely because many of their assets are in properties in the UK, so they can't easily just quit the country. The level of inequlity worldwide is now at such a point where a mere 87 mega-rich individuals control 50% of the world's resources. And here in the UK profits for the top 100 companies - the FTSE 100 - have increased by a massive 73% where the drop in wages in relation to the cost of living has now reached the lowest point since the Napoleonic Wars.

[@helphelpimbeingrepressed9347]

How messed up that its fine to take from those that struggle to eat yet unconscionable to take from those who have more than they know what to do with, mad world.

[@MrGiorgioud]

Look at the way Gary calmly looks at his hapless interlocutors, waiting for them to finish their drivel, and then administering the mercy shot, double tap, quick and "sans haine". Gary, if you need a secretary, factotum, gopher and helper, i'll do it for free!

[@johnmcdonald219]

Why should we feel guilty about taking money from the billionaires when with government help they have stolen money from the ordinary working person.