I am bit unsure about this fella. He seems articulate but spews rehearsed talking points on systemic inequality and why the wealth tax is needed. Are his "economic" credentials legitimate? He seems to have been uplifted in British media with appearances on the BBC and Channel Four, alongside his new documentary: https://www.youtube.com/watch?v=V6hb90czkkYAlso is "Gary Stevenson" his real name? He seems like an artifice to divert the goyim away from blaming mass-immigration for a poor economy and other domestic issues in the UK and the wider Western world.
he is definitely genuine and representative of how most rich talk and think which is to say they're mostly really dull and dumb and don't understand anything about the world beyond what makes them more money
Imagine a crack addict who wants to burgle some old person's bungalow, and maybe rape and kill her to.But he is just about smart enough (85IQ) to do it legally.
>>538867171he doesn't really say anything that is that interesting or novel.
>>538867171if he had never been a trader and made money, he'd still have the same politics. which is general midwit socialism tax the rich because they are rich and give it to poor people as poor peoples sole problem is rich people are rich.he's part of a network of media people on the left who are varying forms of socialists even though they'd all define socialism differently.i am not interested in his tax more stance because imo the issue is overspending and overborrowing and you could steal the property of every millionaire in the UK and it wouldn't solve anything because too much is spent and borrowed.tax the rich is also in herently a distraction from the fact that money is spent on people who shouldn't be here and those who have no economic benefit. it is subsidised life and that is inherently unfair, moreso than any wealth unfairness.
>>538867171He avoids the MMT issue, so i don't really trust him.
>>538867171>Gary Walter Stevenson is a British YouTuber, educator, author, and former financial trader who cares? off topic
>>538868809He's now the voice of socialist Britain, he's also a recovering glue addict which tells you all you need to know.
>>538868758his basic stance is that inequality will continue to get worse because governments just borrow more money whenever there's a crisis and therefore pay more interest to rich people who own assets. he is in essence referring to MMT that way
>>538867171He created a retard cult to sell his book, good for him
>>538869026I was going to say "so he's like a white mamdani" but looking at the pic I can't tell what he is
>>538869065Well, no. MMT is how the system already works. There is no shortage of money. And the government has no need to "borrow" money in the first place. That's the big takeaway from MMT. There is no reason to be paying interest on money the government is not actually borrowing in the first place.
>>538869026>he's also a recovering glue addictYou just made that up, didn't you? Fuck you for making me believe it enough to look it up.
>>538868809Thanks for the bump m8! :)
>>538867171he has reddit opinions and will defend the rich when they're filthy kikes importing infinity browns and slinging sex change treatments on kids
>>538868452this is just a mishmash of straw man arguments and complete ignorance of how the economy works and how money is created.97% of the uk money supply is created by banks when they make loans. and they don't actually make loans, because they never gave you money, it was created when you sign the agreement, which becomes a debt instrument traded on the markethttps://www.youtube.com/watch?v=c8sN_hPHjgYthe rich need to be taxed in order to curtail their power, which will rival and then eclipse the state if left unchecked, like in most of the world. the romans used to make rich people run cities, they would pay for everything like roads, water, sewer, garbage collection, all that stuff. the average person only paid tax to support the military. it also gets excess money out of the money supply, which is something that seems to concern you. when the rich have all the wealth, it doesn't do anything, it just sits in investments. when poor people get money, they spend it in stores and other places, which creates more monetary velocity, as in the same dollar is used more times than one of low velocity. so the economy seizes up because there is no money at the bottom to buy goods and services. this is called the k shaped economy, where you are either super rich or fucked over. when the uk government wants to spend, it just creates the money from thin air, spending it into existence. government spending is probably the only thing keeping your country going at this point. >UK government debt is owed almost entirely in Pounds sterling (£). The UK government controls the creation of its own currency, meaning it borrows in the fiat currency it issues and is extremely unlikely to default on these obligations. While the government has issued small amounts of debt in other currencies (such as Chinese renminbi) to support London’s role as a trading hub, virtually all public sector debt is denominated in sterling.this means they can print more to pay it like japan.
