Garys Economics

Alright everyone. Last video. I did this one totally unscripted so I forgot a few important things and then I wrote a really long description to fill that all in and YT told me it was too long 😫 so here's the important points. 1 - THANKS. To everyone - to all of you who watch and share, to Oscar, Jack, Tom, Hattie who work on the channel. To the Patreons who work on all this. To Rebecca Gowland and PMUK and Faiza Shaheen and TJUK and Gabriel Zucman and his team and everyone who works on/supports this. 2 - BURNHAM. I know we are pausing the channel now for a long time but I'll make an exception for you (or maybe even your chancellor). We all want you to succeed. 3. FUTURE PLANS. Channel is down for now, but not forever. I'm working on some other cool stuff too which will come out at some point. I'll be here as long as the economy keeps collapsing, after that I turn this into a Japanese Language learning channel. 心配しないで。諦めないで。 4. PATREON. Special big thanks to all Patreon people. This wouldn't be possible without you. Fuller Post and Q+A on there this week with more details. 5. OTHER CREATORS. While I'm away check out: BarrysEconomics LouisaMuchTheory (IG) JimmyTheGiant Anna Bocca Forest Jar (IG) Pissed Magistus (IG) Unlearning Economics Tom Nicholas Hyphen (punk artist) 6. WHAT ELSE CAN U DO. Understand the concepts and share the videos goddamit. We need more middle class professionals in powerful areas. Become an economist, a politician, a journalist, a central banker. Join your favourite political party and push them on wealth taxes. Don't ask me what to do, just do something small every week. If that's not working, try something else. 7. MENTAL HEALTH. Dont panic. stay strong. drink water. cook healthy meals. try to sleep if you can. talk to your friends. talk to anyone. be there for each other!! Stay strong and take care of each other. Learn and understand what is happening. Share that understanding with others. We don't all get to live in times that are simple, but we do all get to change the world together. They fight us because we are winning. And because they are jealous of how cool we are. The world is ours. Good luck Gary xx CHAPTERS (00:00) Intro (02:15) Why I quit Citibank (05:28) Time at a lefty think tank (09:49) Activism, media or academia? (12:42) At Oxford (18:26) Nearly joined Novara Media (19:31) Covid + started trading again (23:16) Writing and selling The Trading Game (27:09) Liz Truss crisis (29:48) The Trading Game at #1 was mental (33:20) Making the documentary (39:34) I’ve given everything I can (40:40) What happens next? (42:46) The richest will fight this (44:21) I can’t win this by myself (46:36) Educate and help others

More and more of what you pay in tax goes on government debt interest, rather than funding public services. As this national debt grows, taxes on working people will increase even further –and public services will continue to get worse. How do we stop this? Help us tax wealth not work: join our Patreon . Chapters (00:00) Intro (01:59) Low or high taxes? (03:08) Government wealth (07:08) Why your public services suck (16:44) How to understand economic crises (21:45) If you lose your wealth (25:55) Why we are WINNING this (30:57) You can do something

TV and radio debates about wealth taxes usually get derailed by fear mongering and terrible statistics – often from people who are paid to defend the ultra rich. What would an honest debate about wealth inequality and taxing the rich more actually look like? LINKS My Channel4 Documentary here . The Big Issue edition here . My website that explains What is Wealth and Inequality here . Video series: What is Wealth? here . Johnny Harris 'Oligarchy' video here . My Gabriel Zucman interview here . My video when Trump came in here . Interview with Krishnan Guru-Murthy last year here . CHAPTERS (00:00) Intro (03:33) How to discuss the wealth tax (05:04) What is wealth? (05:51) Is wealth inequality growing? (13:30) How does inequality affect the economy? (16:59) Should you care? (22:02) Why the media is so frustrating (24:28) Do we need a wealth tax? (26:03) Why some people dislike wealth taxes (28:14) How do you tax wealth more? (34:06) What are the real problems with wealth taxes? (36:35) We ALREADY value rich people’s assets (38:35) Wealth taxes bad for innovation? (39:40) It will take a long time to set up (40:18) If you tax them they will leave (43:11) Will foreign investment decline? (45:49) UPDATE What is next for me and this channel?

Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x

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.

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/ 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

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/ 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

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

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/ 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?

Gabriel Zucman is the most important economist in the world today. And the one billionaires fear most. His wealth tax proposals have passed France's lower chamber of parliament – and will likely be signed into law in the coming years. Here's his advice for how we can tax the super rich more in the UK and other countries. CHAPTERS (00:00) Intro (02:57) Who is Gabriel Zucman? (07:14) Why universities ignore inequality (14:05) What is the problem? (20:12) How we tax billionaires more (26:51) Gabriel’s billionaire tax in France (27:46) Learn from taxes in past (30:14) The current situation is radical (33:29) Wealth is concentrating at the top (39:07) How the UK can adopt this tax (46:02) Message to The Rest is Politics (50:12) Final message

Parties like Reform have a clear message on why living standards are collapsing. And this is why they're growing. If you want to stop them you have to reverse falling living standards. Chapters (00:00) Intro (02:21) Falling living standards are driving this (07:38) What’s happening in the UK? (09:19) Left and Centre need to unite (15:41) This is the last chance (17:14) You need to act now (21:25) Learn to communicate (26:11) Do not look down on the public (31:52) Hatred will destroy us (35:00) Message to Reform supporters (38:57) Hope

Global stock markets are at all time highs. Gold has doubled and silver tripled in the last two years alone. What's behind these moves? Shouldn't economic crises like Iran be pushing asset prices down? Is now a good time to invest? (00:00) Intro (01:34) Global asset prices (03:45) How 2008 crisis pushed prices up (09:00) Do interest rates matter? (10:24) What COVID did (13:00) WHY asset prices go up (18:27) Crises push up asset prices (20:18) How should YOU react? (23:07) A distribution crisis (27:49) Will asset prices KEEP going up?

Elections in the UK this week may change everything. With prediction markets saying Labour are facing wipeout, is Sir Keir Starmer about to resign? Who will take over? And what does that mean for the next general election? Gary sets out his predictions for the next week, year and 10 years in British politics. Help us get a lobbyist: join our Patreon or make a one-off donation . Chapters (00:00) Intro (02:47) Will Starmer go? (09:09) WHO you should vote for (10:22) Scotland and Wales (11:34) The next UK Prime Minister? (16:44) Best way to get wealth taxes (21:16) What I predict will happen (35:30) What you can do

Help build our political power by supporting us on Patreon – https://patreon.com/garyseconomics Will AI make us all richer and more productive, or steal our jobs and impoverish us? The Industrial Revolution gives us clues about what could be about to happen. (00:00) Intro (04:58) Will AI decrease wages? (06:19) Will AI increase wages? (13:00) Luddites (16:17) The Industrial Revolution (24:50) Who profited? (26:51) Workers became powerful (31:12) Why customers matter (36:03) Henry Ford’s dilemma (39:55) Who benefits from increased productivity (43:32) Will AI liberate us? (45:57) Why I am positive about the future (51:19) How we can WIN

Help us grow this channel by joining our Patreon – https://patreon.com/garyseconomics The elite think my economic analysis is wrong. They say wealth taxes are not the solution – and growing inequality isn't the biggest problem we face. But are they right? And have I been wrong the whole time? Chapters (00:00) Intro (01:12) What Rory Stewart said about me (04:04) Why people attack me (07:24) Who is allowed to talk about economics? (24:45) Zack Polanski and the Greens (31:30) Attack on wealth taxes (41:45) Out of touch elite? (46:50) Gatekeeping (51:20) Judge me on my predictions (54:03) What do we do? (59:30) Why social media matters (1:03:04) Help us grow (1:05:21) Rory Stewart’s book is actually really good

UK and European politics have been dominated by centrist parties for hundreds of years. This is now changing rapidly. A recent election in Manchester shows us what might be about to happen across the UK, Europe and the rest of the world. Chapters (00:00) Intro (01:36) Betting market predictions (15:40) Who is going to win the next UK election? (17:31) 200 years of British politics is over (20:20) This is happening all over the world (24:19) Why have people abandoned the centre parties? (27:24) Manchester by-election (34:38) The Green Party surge (42:15) Centrists don't see wealth inequality (50:29) What is my strategy to win? (54:38) Labour will lose if they keep ignoring us

A massive energy crisis is heading our way from Iran and the Gulf. What can the government do to protect us? Can you do anything to protect yourself? Gary unpacks the economic consequences of the war. CHAPTERS (00:00) Intro (00:59) The basics (01:56) Interest rates (03:42) Government borrowing (04:59) What it means for you (06:01) How to you protect yourself (13:05) What can the government do? (17:25) Drilling in the North Sea (19:24) How to trade in this crisis (22:47) Increase your resources (27:40) Crises in the UK (30:05) War and inequality (34:45) How wealth is being taken from you (38:05) War, information and manipulation (40:35) We CAN change things

Understanding the past can help you shape the future. In the Victorian era technological innovation created massive new wealth, but it was concentrated in the hands of the few. Can we change things NOW to avoid the same desperate poverty most Victorians lived and died in? JOIN OUR PATREON GET MERCH ––––––––– What I talk about in this episode: (00:00) Intro(01:50) Ghosts of Christmas Past(06:00) Technology may not fix our problems(09:20) History shows us change is possible(13:10) Christmas Present: where are we now?(20:45) Desperation for change(22:09) The future

Gary's back for one episode only. Here's what the UK Budget next week means for you, the economy and democracy. CHAPTERS (00:00) Intro (1:04) Raising taxes (04:30) UK government debt situation (09:12) Transfer of wealth to rich (13:22) Why aren’t they taxing the rich? (18:40) The elites don’t care (26:00) The death of democracy (28:32) What do you do? (31:15) Hope (33:08) Know your history (36:41) Help me get to #1

I'm wrapping things up for now. I'll be back in a few months. These are the other channels and orgs I think you should follow: Patriotic Millionaires UK's X Bold Politics with Zack Polanski's Youtube JimmyTheGiant's Youtube Meditations of an Anxious Mind's Youtube Forest Jar's Insta Anna Bocca's Youtube Barry's Economics's Youtube Louisa Munch's Tiktok Novara Media's Youtube Unlearning Economics's Youtube Punters Politics's Youtube Chloe Swarbrick's Insta Ha Joon Chang's Website 👕 GET THE T-SHIRT on our shop . ––––––––––– CHAPTERS (00:00) Intro (00:24) Why I’m stopping (03:08) My predictions (04:34) The rise of anti-immigrant rhetoric (07:28) We’ve had massive growth (10:08) Who you should follow (13:45) Why this is important (15:23) What’s next?