The Rich Will Kill The Middle Class! @garyseconomics REVEALS The Secret Plan To Make You Poorer

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  • Опубліковано 15 лис 2024

КОМЕНТАРІ • 164

  • @Suedeash
    @Suedeash 5 місяців тому +13

    I actually met him recently here in London with no idea about his channel or the work he's done, but I really feel like he has an innate understanding of what's wrong with this country and to be honest the whole Western world in general - I was not as concerned about this growing wealth disparity until I started watching his videos, but I feel like more people need to listen to what he's saying and inform as many other people as they can.

  • @qrogueuk
    @qrogueuk 6 місяців тому +26

    I've been following Gary since lock-down. As a Londoner I've seen the gap between the been people that have a little and those that have a lot. London boroughs with Billionaire's Row one end and riots the other

    • @bwilliamson3887
      @bwilliamson3887 2 місяці тому

      Yes in London. It's not so wide in the countryside

    • @Thai.Farang
      @Thai.Farang 22 дні тому

      That's because the poor can't afford to live there

  • @meruthie
    @meruthie 7 місяців тому +5

    Was the title updated ?? I saw the title of the video earlier as something like “How 22k Japanese deaths made him do 11M” It made me feel upset reading that old title! Glad you guys changed it

  • @richhands5269
    @richhands5269 6 місяців тому +13

    My three favorite channels: The Calum Johnson Show, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

  • @daedaluxe
    @daedaluxe 6 місяців тому +7

    Gary should teach basic economics, he has a platform now, no reason he can't, the only way we as a society can begin to claw wealth back from the ultra-rich is to stop being ultra-consumers. Don't look to the government to put logical barriers in place to stop the transfer of wealth into the pockets of the ultrarich, they already have their hands in their pockets.

    • @KeithFoster-me3xl
      @KeithFoster-me3xl 6 місяців тому +6

      He does. Subscribe to him and you’ll learn a whole lot.

  • @Suedeash
    @Suedeash 5 місяців тому +5

    To be fair, the middle class in India is a broad range and a lot of them actually live extremely comfortable lives, people in Britain would be surprised. A lot of middle class people have housemaids/servants, quite large houses, and they can afford to send their kids abroad. It's the lower middle and lower classes that are in real poverty by global QOL standards.

  • @TheBurdenOfHope
    @TheBurdenOfHope 6 місяців тому +7

    Came here for Gary. Stayed for the Calum Johnson Show. You earned a new subscriber today. I hope you reach your goal of 100k subs ❤

  • @OGH880
    @OGH880 7 місяців тому +8

    love the realness from Gary

  • @inglesconmatt
    @inglesconmatt 7 місяців тому +9

    This is one of the best podcasts I've ever seen. Well done to both of you

  • @kc7885
    @kc7885 7 місяців тому +5

    Great pod! I resonate a lot with Gary's thoughts

  • @RichardPonsford-kv2uy
    @RichardPonsford-kv2uy 5 місяців тому +1

    Gary has a great insight to what the average person will never fathom.

  • @davehanks7861
    @davehanks7861 7 місяців тому +2

    I love your channel brother. Gives me inspiration every day

  • @johnlittle8267
    @johnlittle8267 6 місяців тому +12

    Never heard such a compelling argument for what would effectively be liberal policies, but coming from someone that is so grounded in economics and Finance like I am, it is quite an impressive and eloquent thesis. I think where there is disagreement is how far to go, but even billionaires are saying 'please tax us more, it is ridiculous that we are paying 0% or 1% taxes!'

    • @Iamwhatyousayiam
      @Iamwhatyousayiam 6 місяців тому

      Why would they? Do you think greed has an end?

    • @Threadbow
      @Threadbow 6 місяців тому +3

      @@Iamwhatyousayiam some care about those they walk past on the streets.
      Care that the people on the long waiting lists die before getting treated.
      Not all billionaires are sociopathic asshats

    • @stacyliddell5038
      @stacyliddell5038 6 місяців тому +2

      ​@@Iamwhatyousayiamdo you think only rich people are greedy?

    • @fat_biker
      @fat_biker 6 місяців тому

      @@Iamwhatyousayiam It did after WW2. Because the mega rich realised that wealth inequality would increase indefinitely until it ended in fascism or communism, & they ended up hanging from lamp posts or being herded into camps, as it had in the Soviet Union, Germany, Italy, & that several million people in the UK & the US had just spent years watching their mates getting blown up & learning how to kill themselves, & were going home to countries where the hyper rich _hadn't_ all been put up against a wall... so telling them that they should hand in their army boots & go back to shoes with holes in so that they hyper rich could go back to doing hyper rich things was probably not going to end as well as they hoped...

  • @MrGavinBoyd
    @MrGavinBoyd 6 місяців тому +17

    The problem with Thatcherism is that you eventually run out of assets to sell to overseas investors so that they can rip off British consumers.

    • @B_Estes_Undegöetz
      @B_Estes_Undegöetz 6 місяців тому

      And long before that … you’ve created a DOMESTIC oligarchy that feels no civic duties whatsoever that has acquired so many of the country’s resources, assets and even infrastructure built with public funding, due to the mad zeal for “privatization”, that the government itself becomes so dispossessed it can no longer afford to pay these private interests (on behalf of the people) to use these assets or resources. And absent any feeling of duty except to their own rich ownership class (“the shareholders), they raise prices continuously to accommodate their own interests only regardless of the impact it is having on the country as a whole.
      So … same result. Reaganomics / Thatcherism eventually (it feels like we’re almost there) produces a result where the nation runs out of assets to sell to the greedy rich at the typical knock down prices featuring the tax credits and exemptions incentives they now expect as part of their natural privilege … so that they can then proceed to rip off the working class consumers.

  • @limitless0163
    @limitless0163 7 місяців тому +7

    This guy is so sincere and genuine. Love this episode.

  • @cosmosnomad
    @cosmosnomad 6 місяців тому +2

    Being that same person at school who was always the best at maths, I can empathise. I think you kinda extrapolate based on your own experiences and as a kid your own experiences show you that you find maths easy and that no one else you've met your age comes close. But you have to remember that maths is easy because you're probably doing "age appropriate maths" and you only really know your local area, you don't have an idea of even a reasonable segment of the population (besides maths competition particularly in Gary's case). Also, everyone always tells you how valuable maths is and if you come from a poor background that's poor people's experience of the world. I was from a fairly poor background and when I was 11 I wanted to be an accountant because that's what people who were good at maths did according to the people I knew. You just have a lot of things telling you that you can go far and nothing to tell you that it's not a dead cert.
    I also think when you're a kid in a poor family, you don't want to feel like your whole life will be a struggle. You want to do something with your life and for something to be easy and to do that you need to make it. I think that's a story a lot of people can empathise with and you see a lot of people these days with degrees. Except younger Millenials onwards graduated into an economy where that education doesn't buy the same lifestyle it bought the previous generations so I think a lot of intelligent people up to their mid-to-late 30s feel pretty conned tbh. I think gen alpha onwards are soooooo fucked. What's it going to be like to have even a decent lifestyle for them if you're not super smart if nothing changes?

    • @Neilhuny
      @Neilhuny 3 місяці тому

      ... and people younger than their mid-30's have every right to be angry! Lack of opportunity, of wealth, despite good education must lead to a big change in society, and they should fight for it. The wealth that should have gone to you has gone to the top 1%, or the top 0.1%. Unless there is a change everything 99.9% of people work for will be passed to the 0.1%
      That isn't right

  • @caiobbd
    @caiobbd 23 дні тому

    The comment about if he is moved by guilt reminded me by a great Che quote:
    "Un revolucionario verdadero es guiado por grandes sentimientos de amor. De amor por la humanidad, por la justicia y la verdad. Es imposible concebir un verdadero revolucionario sin esta cualidad"
    which would translate to: A true revolutionary is guided by great feelings of love. Love for humanity, for justice, and for truth. It is impossible to conceive of a true revolutionary without this quality.

  • @vincentjohnson3763
    @vincentjohnson3763 Місяць тому +2

    Fantastic interview with a very clever and far seeing young man
    However I do have one issue with him TWO SCOTCH EGGS for lunch--- LUXURY
    I had two jam and bread sandwiches for lunch taken to the factory in a paper bag with a flask of tea
    A Scotch egg would of been a Saturday lunch treat and only one of them at that
    God help and protect this young man we should all get behind him

  • @lynnhickinbotham3784
    @lynnhickinbotham3784 6 місяців тому

    Love Gary been following for a few years now just finished reading his book
    Good luck with your channel

  • @mikeee7797
    @mikeee7797 3 місяці тому

    Great story that brings light into the inequality in the modern world!

  • @gossipmongersaunt774
    @gossipmongersaunt774 6 місяців тому +2

    I’m seriously obsessed with this book

    • @MelissaKrystal
      @MelissaKrystal 6 місяців тому

      Book? Which book?

    • @raptori
      @raptori 6 місяців тому

      @@MelissaKrystal The Trading Game! It's Gary's memoir, covers all the stuff he was talking about here in more detail!

  • @sidocoelhojombati
    @sidocoelhojombati 7 місяців тому +1

    Thank you, for this almost 1 hour and half.

  • @louie-e9v
    @louie-e9v Місяць тому

    if you seen the film : IN TIME (gary is the Justin timberland but a very good story line and an explanation on the great divide of wealth and poor

  • @DeputyChiefWhip
    @DeputyChiefWhip 6 місяців тому +2

    This would make an amazing movie or series

    • @Threadbow
      @Threadbow 6 місяців тому

      The story is b not v over yet

    • @davelab6
      @davelab6 6 місяців тому

      Gary's book already sold the movie options;))

  • @adamm.2927
    @adamm.2927 7 місяців тому +1

    Crazzzzyyy stories Wooow

  • @teokennedy9785
    @teokennedy9785 6 місяців тому +3

    He’s right, I’ve been saying this for a few years now! An it’s happening in America as well

    • @Threadbow
      @Threadbow 6 місяців тому +3

      Purchase stock market crash linked to usa.
      Same on all countries linked by billionaires.

    • @sandworm9528
      @sandworm9528 6 місяців тому +1

      "happening" .... It was invented in America

    • @vierzwanzigen9722
      @vierzwanzigen9722 2 місяці тому

      ​@@sandworm9528any books you can recommend?

  • @voidwraithprime8521
    @voidwraithprime8521 6 місяців тому +13

    Everyone needs to listen to Gary until they've been radicalized against income inequality.

    • @ellow8m
      @ellow8m 6 місяців тому

      I agree

    • @hemtet5500
      @hemtet5500 6 місяців тому

      not sure about the word radicalized I just think educated is good enough

    • @Themonkeyscientist
      @Themonkeyscientist 4 місяці тому +4

      Very important distinction between income and wealth inequality. Gary is about reducing wealth inequality. His movement is about a wealth tax and increasing taxes on income earned from wealth, not just income in general

  • @DNightNinja
    @DNightNinja 6 місяців тому +3

    Lmao Gary sits everywhere like fucking L from death note 🤣

    • @msylvini
      @msylvini 6 місяців тому +1

      Lol 💀💀💀

  • @goych
    @goych 3 місяці тому

    Yes Gary, it’s the body, that’s where our answers lie! In the crazy body

  • @ldandco
    @ldandco 6 місяців тому

    I like the name of this channel "Diary of a CEO" ... Is quite original.

  • @Erick.Gieskes
    @Erick.Gieskes 6 місяців тому

    Great interview!

  • @brentlorrilliere6057
    @brentlorrilliere6057 6 місяців тому +5

    "do you want to talk about the game?" "no" never seen Gary so disappointed

  • @dultonburton880
    @dultonburton880 6 місяців тому

    I really love your channel, been a fan for a while! However you say 'I'm curious' about 50 times each episode.

  • @ethxo6734
    @ethxo6734 6 місяців тому +5

    Ok the format is literally Diary of a CEO.
    Is it blantant copying or…

    • @tobylittle3405
      @tobylittle3405 6 місяців тому

      Yes blatant copy, bit of a shame as he phases his questions in almost the same way as well , intended maybe as CEO is so successful?? Something I’m very curious about ….. 😂😂😂😂

  • @gurindergill4420
    @gurindergill4420 6 місяців тому +1

    Stupid question- what book?

    • @ruffey1748
      @ruffey1748 6 місяців тому +3

      The Trading Game by Gary Stevenson.

  • @yashpatel261
    @yashpatel261 6 місяців тому +2

    We need a billionaire tax.

  • @matthewmckenna3109
    @matthewmckenna3109 26 днів тому

    Everything we need to know is in the last 15 minutes. And incredibly, we won't hear it anywhere else.

  • @louie-e9v
    @louie-e9v Місяць тому

    one thing id like to mention about poor people and their benefits for a single mother of 3 children the government puts a PRICE CAP on low income working families also to what they can have as a monthly income so if they do this to poor people obviously they are doing it threw taxing the middle class also but I also pay taxes in many forms then why aren't they putting caps on super rich to stabilise the economy . also the advantage the rich are given compared to the poor class they should wana engage and create an abundance of wealth they may find more strength in doing so .are the rich trying to kill the poor ? cause it looks like murder to me and maybe we need to freeze all their assets and get the national guard involved

  • @GenerationX1984
    @GenerationX1984 6 місяців тому +1

    Don't expect Americans (especially older Americans who already live comfortably) to stop worshiping the rich anytime soon.

    • @hemtet5500
      @hemtet5500 6 місяців тому

      oh they won't till the wealthy start coming for the middle classes assets which actually has already begun

  • @louie-e9v
    @louie-e9v Місяць тому

    if the rich really believe that poor people are stupid I feel very sorry for them also why would the rich really need to go out of their way to block us in many cases they wouldn't have too if we are stupid

  • @TheOracleNetwork1
    @TheOracleNetwork1 6 місяців тому

    One thing I didnt get from the book, did he ever help out his family financially????? He bought his dad a 12 month sky subscription…. Surely he gave them some money.

    • @joemacdougall9205
      @joemacdougall9205 5 місяців тому

      I’m pretty sure he said he helped his siblings get a property in one of his videos but I guess he didn’t want to sound boastful about it

    • @TheOracleNetwork1
      @TheOracleNetwork1 5 місяців тому

      @@joemacdougall9205 btw I do like this guy, but really? He calls
      Himself
      The worlds best trader mate, I dont think he is scared of being boastful hahah

    • @JMVExplained
      @JMVExplained 3 місяці тому

      He buys property for siblings

  • @domuk88
    @domuk88 5 місяців тому

    It’s so similar to diary of a ceo in the way you talk lol

  • @oredaze
    @oredaze 6 місяців тому

    I don't think inequality can be fixed. It is built into the very nature of reality. You can see it everywhere in every thing. Small amount of galaxies get most of the stars. Small amount of cities have most of the people. Small amount of words of a language get most of the use. Etc. The laws of nature do this, not people. It's just the kind of world we are born into.

    • @rickymort135
      @rickymort135 6 місяців тому +2

      Only way is government enforcing it through actual progressive taxation where the mega rich don't pay the lowest rates, but the highest

  • @KeithFoster-me3xl
    @KeithFoster-me3xl 6 місяців тому

    Yep, it’s like a giant game of monopoly, and one day there will only be one player left.

  • @petermanuel5043
    @petermanuel5043 6 місяців тому

    Scotch eggs with the famous "Grey" meat.

  • @Ellienollie
    @Ellienollie 6 місяців тому

    IM SO POOR AND SO SMART😊

  • @gossipmongersaunt774
    @gossipmongersaunt774 6 місяців тому

    Elon Musk does pay taxes though, right?
    Although I understand what Gal’s saying

    • @philipnorthfield
      @philipnorthfield 6 місяців тому +1

      Elon Musk has paid more tax than any individual alive approximately 12 billion, however he is considered to have a wealth of 220 billion, although this figure fluctuates, this is about 5%. In the UK if you had a wealth of say 50 thousand and had saved that earning 51 thousand per year you would have been paying a marginal rate of 40%... on the last thousand.
      What Gary is explaining is effectively the wealthy pay way way way less to the point of it being utterly obnoxious, some actually structure their remuneration in the form of debt and loans and literally pay nothing, I would hazard a guess that Mr Musk has also enjoyed such remuneration but is well aware as such a public figure to continue this practice would cause considerable push back.

    • @davelab6
      @davelab6 6 місяців тому

      Musk pays capital gains tax rates which are lower!

  • @CoffeeCup1346
    @CoffeeCup1346 Місяць тому

    Unless you have about $10 000 000 in personal wealth, this video applies to you.

  • @edzeppelin1984
    @edzeppelin1984 2 місяці тому

    The scam ads on this video are spectacular.

  • @Bigdogstusks
    @Bigdogstusks 6 місяців тому +1

    What Gary has proved is that if you are smart enough you can be a success no matter what social background you are from. So kind of debunks what he’s saying.

    • @funstuffonthenet5573
      @funstuffonthenet5573 6 місяців тому +1

      I see that. I think he just thinks there aren't enough assets to go around.
      I think he correctly identified that.
      However, I dunno if his analysis is a root cause though. I don't think effective(key word, effective) tax rates were that much higher in the past on corporations. Which he claims is the only difference between the past and now.
      It doesn't matter if the rich accumulate more resources if there is still plenty to go around. Is there less to go around now? Fewer homes being build due to zoning laws. Infation raising prices, etc.
      Are we producing less in real terms?

    • @Threadbow
      @Threadbow 6 місяців тому

      ​@funstuffonthenet5573 the rich are getting massive profits and no tax, but the poor ger lower and lower wages.
      This is killing the poor.
      No health because of poverty

    • @dxfifa
      @dxfifa 6 місяців тому +4

      He's pretty clear that it was hugely lucky and that he thinks on merit he was a superior talent by such a huge level to most of his peers, even then he was passed over. Basically, if you have the right background and any drive it takes complete lack of ability and/or very bad luck to not get into finance. But only 1 in 1000 have that background. And only a couple of percent even have the background where they have a realistic chance of earning their way in (average but not trust fund rich kids). Gary basically said he had to be a top 0.01% student and very lucky to get his break competing with almost entirely trust fund babies whose parents at their poorest would be high 8 figures net worth

    • @dxfifa
      @dxfifa 6 місяців тому

      @@funstuffonthenet5573 The rich are non productive now, yes. They cycle assets and get capital gains while not improving them or using them to create excess goods and services

    • @martinbutler1075
      @martinbutler1075 6 місяців тому +2

      Dear me that shows how you have completely been taken over by the mentality he is arguing against. That is that life is a race and that if you lose - and obviously most people will lose- then poverty is completely deserved. Those emptying bins are doing something essential- should they have to live in poverty?

  • @markadamson2102
    @markadamson2102 Місяць тому

    It's like playing a chess game against A grand master And you don't know any of the rules,

  • @davidc4408
    @davidc4408 7 місяців тому

    What is Garys networth?

    • @tobylittle3405
      @tobylittle3405 6 місяців тому +1

      He has mentioned in other interviews that he has an annual passive income of £100,000

    • @davidc4408
      @davidc4408 6 місяців тому +1

      @@tobylittle3405 probably $3 to $5 million

    • @joemacdougall9205
      @joemacdougall9205 5 місяців тому +2

      Probably between 2.5 and 4M

  • @stacyliddell5038
    @stacyliddell5038 6 місяців тому

    Subbed. Let's get you to 100K subs

  • @ellingeidbo8469
    @ellingeidbo8469 6 місяців тому +2

    The middle class has always been a mistake. The idea is to have lords and labor. Sometimes the labor makes too much and a middle class is born and that threatens the Lords so it has to be undone.

    • @Jamhael1
      @Jamhael1 6 місяців тому

      F*ck the Lords! What they do in the end? Wear silk and be posh?

  • @prneur.
    @prneur. 7 місяців тому +5

    survivors guilt.

    • @Jamhael1
      @Jamhael1 6 місяців тому +1

      C'mon, fam! At least he is honest: this speculation kills economies!

  • @stevec5034
    @stevec5034 6 місяців тому +9

    Wtf was that at 31.06. Just a bit rude 😂

    • @Aman1012
      @Aman1012 6 місяців тому +2

      wanted to hear more about the card game actually

    • @Suedeash
      @Suedeash 5 місяців тому

      @@Aman1012 Yeah same lol

  • @EvoGoody
    @EvoGoody 4 місяці тому

    All by design I'm afraid Gary.

  • @sammyh2708
    @sammyh2708 15 днів тому

    🎻🎻🎻🎻🎻🎻🎻

  • @chhitijpahari1011
    @chhitijpahari1011 7 місяців тому +1

    gary every 5 seconds.
    I dont know what your background was like

  • @henrytep8884
    @henrytep8884 6 місяців тому +17

    Is this the “diary of a CEO Walmart version”?? Sir at least be original in how you ask for subs. Respect the show still but dang the tokenization is ridiculous.

    • @RickDecember
      @RickDecember 2 місяці тому

      What a low energy comment- best of luck growing out of this mindset legend. There are 100s of thousands of podcasts, Similarly doesn't mean it's a copy.

  • @farinshore8900
    @farinshore8900 3 місяці тому

    Ironic that Gary is still poor.

  • @openh2oswimmer
    @openh2oswimmer 6 місяців тому +3

    WORST PODCAST EVER!! I can't buy this guys book or read about him because NO WHERE DOES IS SAY "GARY STEVENSON" or the name of his book. I found it on another channel. Get your act together, do the basics.

    • @tobylittle3405
      @tobylittle3405 6 місяців тому

      Dam that’s an obvious mistake 😂😂 😂😂

    • @mmef1476
      @mmef1476 6 місяців тому

      So what's the book?

    • @openh2oswimmer
      @openh2oswimmer 6 місяців тому

      @@mmef1476 "The Trading Game" haven't read it yet, first thing that comes up when you google Gary Stevenson

    • @openh2oswimmer
      @openh2oswimmer 6 місяців тому

      @@mmef1476 the trading game, listening to it now

    • @drew-drewzilla-borham9276
      @drew-drewzilla-borham9276 6 місяців тому

      His @garyeconomics and link to his insta are literally in the description… you are a prat.

  • @letmedietomorrow
    @letmedietomorrow 2 місяці тому

    Found you 4 years too late.

  • @STARZldnlyfe
    @STARZldnlyfe 7 місяців тому +2

    Poorer African countries???

  • @HarryKamal-c4d
    @HarryKamal-c4d 3 місяці тому

    And who cares! Big fucking deal

  • @adamsimmonds5323
    @adamsimmonds5323 6 місяців тому +4

    What a pompous and pretentious email that was at the end. The level of entitlement and arrogance in younger generations these days is off the charts. I’m Gen X and also used to pay 50% of my income on rent 25 years ago, for 15 years, until I started my own business at 32 and moved up the financial ladder from there. Stop bitching and whining and blaming other people for your predicament in life. You are responsible for where you are in life right now, nobody else.

    • @slchance8839
      @slchance8839 6 місяців тому +1

      100% Gen X here, too. Like you, i started my own business and improved my own life. But before then, though. Life was a little rough. Had the power/lights shut off b/c I didnt have enough money for the bill. Got a few eviction notices at my apartment, because i didnt have enough money in my account. ANd one of the things that bothered me the most is the FINES you get for not having enough money in your account. A FINE for not having enough money?! They take money for not having ENOUGH money.
      Well, I worked my ass off. I had 1 regular min wage job and took as many part time odd jobs as I could and 14 years later....it's better. But for a long time, there was a lot I could complain about. BUt i didnt. I just kept at it. I just now bought a 1967 corvette and cant wait for it stop raining to take it out. It looks like....victory.
      Good on you, my friend. I get so irritated when I hear young people complaining about how they're not on top of the world. That's not where you start. You start far away from there....and work your way up

    • @Threadbow
      @Threadbow 6 місяців тому +3

      ​@slchance8839 I agree but things are slanted now more as house prices are so high.
      Working people have to claim benefits to top up wages and have to go to foodbanks

    • @kr050
      @kr050 6 місяців тому +5

      Good for you buddy. But what if you weren't one of the successful businesses, what if you were one of the ones that had failed? It great it worked out for you, but there needs to be other routes that work because everyone can't have their own successful business.

    • @martinbutler1075
      @martinbutler1075 6 місяців тому +7

      What a ridiculous point. Everything is personalised. Can see that most people logically CANNOT be successful. If everyone was successful then they wouldn’t be successful would they? If you can work that out. Who would empty the bins? Who would deliver the mail? If you do a basic but essential job does that mean that you are ‘not successful’ and so you deserve to be in poverty?

    • @goych
      @goych 6 місяців тому +1

      That was your take from an hour and a half, I think you need to grow up

  • @McFlashh
    @McFlashh 6 місяців тому +1

    You made the bank 700k, not for yourself.

    • @tobylittle3405
      @tobylittle3405 6 місяців тому +3

      Made the bank 12 million pounds, think that equates to roughly 20 million dollars.
      His bonus was 400,000 pounds that he said equates to roughly 700,000 dollars

    • @davelab6
      @davelab6 6 місяців тому

      Exactly; he made 700k as a percentage of what he made the bank (over 10x that)

  • @aupti
    @aupti 6 місяців тому +2

    He does not understand the economy as much as he thinks.
    The natural state is poverty.
    Not the other way around

    • @henrytep8884
      @henrytep8884 6 місяців тому

      Are you saying we live in an impoverished and scarce universe? If that is the case can you break down the amount of material in the universe versus what is needed for humans to survive? Does that equate to poverty and scarcity?

    • @aupti
      @aupti 6 місяців тому

      @@henrytep8884 I’m saying people everywhere were always poor.
      The question is why did some become rich. And exploitation does not explain it in the west because this scale was never seen before

    • @henrytep8884
      @henrytep8884 6 місяців тому +1

      @@aupti what scale? Exploitation explains a lot about how a lot of people in human history got rich. Are you saying exploitation of labor never leads to enriching some people? How are you going to write off exploitation when it’s been one of the best indicators of wealth accumulation, especially in the west?

    • @henrytep8884
      @henrytep8884 6 місяців тому

      @@aupti when talent, government policy, intelligence and exploitation of labor all occurs, do you think people don’t become rich? What is your argument?

    • @aupti
      @aupti 6 місяців тому

      @@henrytep8884 if exploitation was an explanation you could not explain why societies like Iceland or Israel or America became rich even for the middle class.
      Old exploitation model would have a king for every million people. That’s not today’s reality.
      I think the problem is that people assume that equality can maintain itself when freedom is added. It can’t

  • @almurabitun
    @almurabitun 7 місяців тому

    Don G

  • @user-vl4ex5dr6o
    @user-vl4ex5dr6o 6 місяців тому +1

    Stop begging a sub seriously

    • @goych
      @goych 6 місяців тому

      What?