#garyseconomics — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #garyseconomics, aggregated by home.social.
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Either tax the rich more or have extreme poverty
https://youtube.com/shorts/V2M0_T-l2LE
#garyseconomics #economy #inequality -
Either tax the rich more or have extreme poverty
https://youtube.com/shorts/V2M0_T-l2LE
#garyseconomics #economy #inequality -
I really like Gary's recent podcasts. Today he draws parallels between AI and the industrial revolution ending at his usual conclusion of #taxWealthNotWork
It's a good short history of how the industrial revolution changed the world even if you've no interest in AI (like me).https://pca.st/episode/185763c7-5a21-4ea1-9eb5-8fb22d7fa99d
Also available on YouTube but i don't think it adds anything. -
Have I been wrong on the economy the whole time?
No ...
https://youtube.com/watch?v=TSs18iYE20w
#garyseconomics -
The Iran economic shock is coming. How to protect yourself
Garys Economics
https://www.youtube.com/watch?v=Oi265I48MdI
#oil #economy #inequality #garyseconomics #iran -
#garyseconomics "significant higher #government #debt significant higher savings of the #ultrarich"
"you borrow from the #rich or you #tax the #rich"
"as long as #gov refuses to #tax the #rich they will be dependent on #borrow from the #rich which means they will have to do whatever the #finance #traders will ask of them" #UK is #FUCKED but so is the rest of the #planet for the same reason
fundamental question of #distribution #enquality #taxinjustice https://youtu.be/g0lEbH2kEw8?t=564
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Interesting perspective on the threat put by the billionaires on our democracies. All put in a very logical way.
UK Budget – is this the end of democracy?
Garys Economics -
'K-shaped economy'
I like this metaphor for understanding the growing wealth gap. 19 minute listen or read the transcript if audio isn't your thing 🙂
https://www.npr.org/2025/11/21/nx-s1-5616629/consumer-sentiment-spending-wealth-gap -
CW: Zarah Sultana on Question Time
Well done Zarah Sultana -
“A government Budget is not the same as a household budget.”
“The glaring omission in all of this is no one's mentioned wealth taxes. ...
“The magic money tree exists – it's in the City of London, and it's with the billionaires.
“But what you find is the lack of political will, because these parties are bankrolled by the billionaires, so they're definitely not going to tax them.”
Also, tip of the hat to Gary Stevenson and Richard Murphy, who I think have both done a lot to shift the conversation on this stuff.
https://www.thenational.scot/news/25621603.zarah-sultana-destroys-labour-fair-tax-claim-pointing/
#TaxWealthNotWork #ZarahSultana #QuestionTime #UKPol #GarysEconomics
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Tēnā koe Gary, take time to rest your mind and enjoy a well deserved break from the maddening crowds.
I have really enjoyed your podcasts and passion for educating the masses. I look forward to your next installment where and whenever that is.
Big shout out from #Aotearoa #NewZealand for hosting #NZPol Green Party co-leader Chlöe Swarbrick. Was fabulous seeing and listening to you and Chlöe chatting about global economics and fixing a broken system.
Best of Luck.
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"If you're sitting on a house with a massive mortgage, you don't own the house, it's owned by who owns the mortgage" #garyseconomics
This is the transfer of wealth. Higher house prices means greater volumes and quicker pace of wealth transfer. https://open.spotify.com/episode/5tRoSQ2UNyqq2KVlUoVvhJ?si=_WumC9IjQL2C6CLOhVvmtw -
How wealth inequality effects you
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#economists have overestimated the #power of #money and #monetary #policy
think about #real things and #real #ressources not just #money itself
2008 #housingcrisis #loan #bubble was missmanaged and has lead to falling living standards
"every problem is dealt with by printing money"
"#covid19 we knew that #gov will give out massive amounts of money"
#garyseconomics #economists #finance #USA #EU #China #wealth #distribution
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#GarysEconomics talking about how the #MentalHealth crisis in society is directly related to #TheStateWeAreIn economically, and why ppl resist taking collective & individual action to stop it.
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#GarysEconomics talking about how the #MentalHealth crisis in society is directly related to #TheStateWeAreIn economically, and why ppl resist taking collective & individual action to stop it.
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This is also a very good interview: https://www.youtube.com/watch?v=iD2sPL7k98c
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Q: this #economic #system is #fucked
A: #llama 70b: I understand your frustration. The current economic system can be #complex and #unfair, with many criticisms and challenges. Some of the issues with the current system include:
* #Incomeinequality (!!! <- #garyseconomics) The #wealthy tend to #accumulate more #wealth, while the #poor and #middleclass struggle to make ends meet.
* #Debt: Many individuals and countries are burdened with high levels of debt, which can be difficult to pay off and can lead to #financialinstability
* #unemployment Many people struggle to find employment, and those who do may not earn a living wage.
* #Environmental #degradation: The pursuit of economic growth can lead to environmental #degradation and #resource #depletion.
* #Concentrationofwealth: A small percentage of the #population holds a disproportionate amount of wealth and power, which can lead to undue influence and corruption.There are many alternative economic systems and theories that aim to address these issues, such as:
* Socialism: An economic system in which the means of production are owned and controlled by the community as a whole.
* Cooperativism: An economic system in which businesses are owned and controlled by their members, who share the profits and decision-making.
* Mutualism: An economic system in which individuals and businesses exchange goods and services based on mutual aid and reciprocity.
* Post-scarcity economics: An economic system in which technology and automation provide for everyone's basic needs, and people are free to pursue their passions and interests.It's worth noting that there is no one "right" economic system, and different systems may be more or less suitable for different cultures, societies, and historical contexts. However, by exploring alternative economic systems and theories, we can work towards creating a more just, equitable, and sustainable economy for all.
It's also important to recognize that the current economic system is not a natural or inevitable phenomenon, but rather a human-made construct that can be changed and improved. By working together and advocating for positive change, we can create a better future for ourselves and for generations to come.
Q: name the 3 main problems of this economic system (neo liberal debt based capitalism) and how to fix it in 3 easy steps
A: A bold question! Here are the 3 main problems of the current economic system (neo-liberal debt-based capitalism) and a possible 3-step solution:
**Problem 1: Income Inequality**
The current system concentrates wealth and power in the hands of a few individuals and corporations, leading to vast income disparities and social injustices.**Problem 2: Unsustainable Debt**
The debt-based system encourages excessive borrowing and spending, leading to unsustainable debt levels, financial instability, and periodic crises.**Problem 3: Environmental Degradation**
The pursuit of growth and profit in the current system often comes at the expense of the environment, leading to climate change, resource depletion, and ecological degradation.Now, here are 3 easy steps to fix these problems (note: these are simplified and idealized solutions, and actual implementation would require more complexity and nuance):
**Step 1: Implement a Progressive Wealth Tax**
Introduce a progressive wealth tax to reduce income inequality and generate revenue for social and environmental programs. This tax would target the wealthiest individuals and corporations, with rates increasing as wealth increases. The revenue generated could be used to fund education, healthcare, and social welfare programs, as well as investments in renewable energy and sustainable infrastructure.**Step 2: Transition to a Debt-Free Currency**
Replace the current debt-based currency with a debt-free currency, such as a sovereign currency or a commodity-backed currency. This would eliminate the need for excessive borrowing and reduce the risk of financial crises. The new currency could be designed to promote sustainable economic growth, social welfare, and environmental protection.**Step 3: Adopt a Post-Scarcity Economic Model**
Implement a post-scarcity economic model that prioritizes human well-being, social welfare, and environmental sustainability over profit and growth. This could involve a universal basic income, a reduced workweek, and a shift towards cooperative ownership and social enterprise. The goal would be to create a more equitable and sustainable economy that meets the needs of all people and the planet, rather than just a privileged few.Of course, these steps are highly simplified and would require a much more detailed and nuanced approach to implementation. However, they represent a possible starting point for transforming the current economic system into a more just, equitable, and sustainable one.
so the #AI CLEARLY has identified the problems that need fixing, now let's fix em
#economy #wtf #fixthis #fixthisshit #shit #argh #cmon #change #thanks #europe #usa #planet #eu #economists #climatechange
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Gary's on Tariffs and Trump
What are trade deficits? Rich countries can buy more than poor countries, so the US buys more from China, so there's a trade imbalance. So money/wealth flows from the rich country to the poor one.
So America is in growing debt to China. Tariffs can be erected to slow that flow. You can tax imports instead of income. Great.
Trouble is that tariffs are a regressive tax, and so replacing income taxes with tariffs makes taxes more regressive, moving the tax burden to the poor. Gary takes us through that Progressive and Regressive taxes are.
Initially tariffs were supposed to be targeted at those with highest trade barriers, but Trumps crazy formula targeted the poorest countries with the biggest trade deficit instead. A theoretical attempt to move the worst jobs in the world into America. Would have killed some of the poorest people in the poorest countries. Make clothes expensive in the US to try and make the US have sweat shops again!? Gary finds it so insane he can't barely stop himself laughing. "Low competence implementation" is his euphemism.
"God knows how many cambodians would have died just to make it so American's can't afford trainers". Could have make Nike bankrupt.
"What would you do if you were the chancellor" is a question he gets asked a lot. His answer is that he'd not just make up economic policy and rewrite the economic system on his own on his youtube channel. He'd actually game things out with experts and international cooperation. Trying to do it just by some geeks making up policy in their kitchen is stupid.
Markets crashed. Nobody thinks this can go on. Rich people buying discounted stocks. Gary was buying, mostly on reflex, expecting change in policy.
He'd have sold US bonds if he had any. Everyone else was. started to look like US could go bankrupt.
"Thank fuck, they decided to back down"
"Donald trump is manipulating markets on social media"
Don't listen to what trump says, don't panic into selling, don't let him use tariffs to disadvantage the poor, stand together.
What happens next? Probably deal with China, but if not price increases in the US making the poor poorer. But cheaper prices elsewhere, UK and Europe maybe. Which could reduce inflation and so interest rates.
Who will build a factory in the US now? The rulers seem crazy.
Whole world might well have to rearm because the US isn't their ally any more?
Whole world must reorient their economy to be with China instead of the US now? The US isn't dependable.
It's like international policy run by the Fyre Festival. It's not just trump. It's not even just the US. The whole world is run by idiots.
He wants to go on holiday. He's knackered.
---"Fuck you foreigners, we all hate foreigners" - Gary.
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"Why does it have to be crazy people with crazy hair bringing up crazy politics that they seem to have like made up themselves a week earlier in a little meeting with four people"
LOL -
#Britain #UK #England - and world wide - #fair #taxation of #wealth is overdue #garyseconomics #inequality #tax #taxjustice #imho she said "10 BILLION" POUNDS! #finance #capitalism #taxtherich
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if you consume #music or make music, you need to watch this video!
#DamianKeyes is turning into the #musicIndustry version of #GarysEconomics -
TAX THE RICH
Join the Rally: Tell the UK Chancellor to Tax the Super-Rich
📅Tuesday 25 March
⏰17:00 – 19:00
📍Treasury, 1 Horse Guards Road, London SW1A 2HQhttps://secure.waronwant.org/page/167449/-/1
#taxtherich #garyseconomics -
"It's difficult to tax rich people, but we must try", says Gary Stevenson
https://youtube.com/shorts/mFp_oKc0pPo
#taxtherich #garyseconomics #garystevenson -
3 multi-millionaires discussing how to solve #inequality.
🐘 in the room: #capitalist system is dead and we need a new system.
#GifsArtidote :
New system can't contain:
1. hierarchy
2. profit
3. ownership of land and buildings.
It has to focus on what humans need to thrive.#GarysEconomics #opinion #press #news
https://youtu.be/4yohVh4qcas?si=uqItHeEz2UUIFJxf -
3 multi-millionaires discussing how to solve #inequality.
🐘 in the room: #capitalist system is dead and we need a new system.
#GifsArtidote :
New system can't contain:
1. hierarchy
2. profit
3. ownership of land and buildings.
It has to focus on what humans need to thrive.#GarysEconomics #opinion #press #news
https://youtu.be/4yohVh4qcas?si=uqItHeEz2UUIFJxf -
THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
https://www.youtube.com/watch?v=XCnImxVWbvc (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
https://www.youtube.com/watch?v=XCnImxVWbvc (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
https://www.youtube.com/watch?v=XCnImxVWbvc (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
https://www.youtube.com/watch?v=XCnImxVWbvc (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?)
https://www.youtube.com/watch?v=XCnImxVWbvc (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?) (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?) (ok admitted it's taff to educate #notsobright #rightwingers)
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THE MOST IMPORTANT VIDEO CONCERNING THE #ECONOMY #jobs NO MATTER THE #GOV #inequality WILL KILL THE #ECONOMY:
#garyseconomics stop with the #red (#republican #rightwing) vs #blue (#democrats #liberals #leftwing) #bullshit: the real problem is #inequality and over decades no #government has significantly addressed or fixed this ever growing problem = #trump will #fail on the #economy, #starmer will #fail on the #economy because they do not want to touch the #rich #wealthy, #taxtherich or create a completely #newsystem that works for the 99%!!! (BEFORE the #RICH START ANOTHER #WORLDWAR!) state your #demands or you and your children will get #poor and #poor and #poorer and yes they might create #war to keep you fighting for #survival, so #teamup #organize #risupe and come up with new innovative way (have some ideas, can anyone #help?) (ok admitted it's taff to educate #notsobright #rightwingers)
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#garyseconomics - not a mad man, he made millions at #citibank got the job by cheating in a card game, went to elite universities #LSE #oxford, growth is not the core problem, the core problem is #inequality #rich get richer simply by owning things, #poor get poorer #economy #finance #wtf #government #corruption #help #fucksake #EU #UK #USA
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When societies become more unequal, power is concentrated in the rich who use that power to disposes the poor.
It's a simple concept, conservatives would argue that is the natural order of things. But the history of working class and peasant rebellions with testify that this is not the desired outcome of the majority of people.
#inequality #GarysEconomics #MarxWasRight
https://www.youtube.com/watch?v=rMkWPXVUteY
