Small correction, the UK didn't vote for Liz Truss. We didn't vote for Rishi Sunak. We voted for Boris Johnson who then made a total fuck up of it and handed it off to Liz who then made a complete and utter fuck up of it and then handed to Rishi who I think is in power now because the tories don't want to look even more incompetent by changing leaders 4 times in one term.
@@seapeajones friendly reminder that the presidential elections in America currently feature a choice between either a doddering senescent or a literal man child, with no other possible options
That's not what happened. The bank of england set her up with the banking crisis. The lotus eaters interview covered this in "We Appear To Have Caused Some Controversy"
That was a great summary. Just to add the public didn’t vote even have an election. The Conservative Party voted for her after the last disaster was forced to quit in disgrace
@@larryforemanthey didn’t vote for her they voted for Boris who fucked up then they give it to rishi the person who was said in the video that told Liz to not lower taxes which he fucked up too then it was handed to Liz who did what she did and then back to rishi because all tories suck
You forgot got the most important thing people saw it from a mile away so a national paper run a campaign to see who would last longer her or a head of lettuce.....the lettuce won.
You forgot to mention the part where she now receives £115,000 every year for the rest of her life because she was prime minister once. She was prime minister for less time than it took a lettuce to go mouldy. 🙄
She also gets a private chauffeur and an armored security car for them to drive her in, and a few other benefits too if I remember correctly. Not bad for 3 weeks of work (and being terrible at your job too). 🤦♂️😂🫠
As someone that was actually very involved in fixing the financial fallout of this, it really is not very accurate. And I like this guy. But this is a pleasant version for a social media level video.
The conservatives in the US, UK and many countries are bankrolled by the rich so they can't go against their overlords. It's why so many of them call climate change a hoax, Oil tycoons don't like carbon taxes and renewable energy investments.
>Reduce tax for people that can pay it and still have enough money for a lifetime >Reduce tax for people who struggle to bring food to the table Such a difficult choice
@@zhen86 Not everyone is on food stamps, bud. Some of us work for our bread, even if we need the help. We're a whole generation that's been brought up to feel guilty for taking any form of handout, even if it means your kids don't eat. How I was raised. I had to get a job at 14 to start paying rent, and my dad would have beaten me to death if I started taking things like disability for my four heart conditions and autism. So no, not everyone in need gets government assistance. Hell, I can't even get a credit card cause I was raised to believe that credit is the devil.
I know right? He's a financial advisor, he can only advise and she can overrule him with her powers as Prime Minister. The fact that they kicked him out was just cruel.
okay, so yes, blaming it all on Kwarteng is wrong because she was the one that pushed this idea of cutting taxes for the rich in the middle of a cost-of-living crisis, but don't feel too sorry for him, he believes the exact same things as her, they both co-authored a book after they'd been elected to parliament in 2010 that laid this shit out a decade early. he's also conservative as heck and called BLM's view of history "cartoonish". he's also anti--welfare. my point is, yes truss is the figurehead. but all the tories who helped get her in share a little bit of blame, and he was her right-hand man, not just some advisor. that being said, she did throw him under the bus to save herself.
as a brit, this is one of the best summaries of those chaotic 49 days i've seen. i don't mind the little details being left out because the overall message is the same: Truss was and is a disaster.
Modern "progressive" policy does the same. Amazon, Google, Pfizer, JP Morgan, Raytheon, and Blackrock are all laughing their way to the bank while authoritarian "left-wingers" scream for more censorship and more weapons.
And then! socialists save the- Argentina: 152% inflation rate with insane taxes Its either business routes being made by the right, with no improvements, or getting taxed to high heaven by the left with no improvements
I read about an incident in Chicago in either the 1970s or the 1980s. The new mayor was elected in large part due to him declaring that he had someone who had top-notch snow emergency plans. Shortly after he was elected, there was a terrible blizzard. The citizens said, “Okay, so what are these great snow emergency plans?” so the mayor turned to his guy and said, “Okay, so what are these great snow emergency plans?” It turned out to be a whole lot of nothing. A lot of the pages and pages of emergency procedures were repeating stuff like, “Pay attention to supervisor instructions,” which didn’t help handle snow. When it came to the practical stuff, most of it turned out not to be practical. For instance, when it came to the snowplows, they couldn’t get to most of them. I guess at no point had the snow removal mastermind thought, “Gee, maybe we should make sure the vehicles can actually be used…” Under the mayor’s watch, this guy had been paid a lot of money for plans that didn’t help at all. That mayor lost his Re-election bid; all his opponent had to do was ask, “Hey, remember what happened?” 🌨️ 🥶
Fun fact: While Truss was in office, The Daily Star (British newspaper) made a livestream of a photo of her placed next to a head of lettuce, posing the question of which one would last longer Apparently the lettuce won.
The public wouldnt have voted for Truss, her economic policies were obviously flawed to anyone wasnt a neoliberal idealogue. The issue is only conservative party members get to vote on who becomes leader of their party, and they're the ones who believe most in this sort of shite. And because their party was still in charge she took the reigns.
i don't hate her as much as i hate the people who put her in power when CLEARLY she wasn't able to follow through. like when a 6th grade class president says hes gonna have pizza parties every friday, like BRO NO U AINT
The lovely part about democracies is that the elected officials reflect on the people within the country if the elected person is an idiot then that means the people of that nation are equally stupid and both deserved and asked for this to happen
How is that UK prime Minister can resign so easily and yet the Prime Minister of Canada despite multiple campaigns of corruption and tons of protests keep themselves in congress despite overwhelming disdain? At least they have accountability, in our country it's being kept up by force and enlisted with help from military
Politicos should be charged with high treason in those cases : either you know what you are doing and you actively try to undermine your country, either you don’t know what you are doing and you shouldn’t had apply for the position in the first place
"We don't hate her she just don't know anything" is the best description of Liz Truss I've ever seen, just add "and she has the self-awareness of a lobotomised pigeon" and you're there.
Whoever said they don't hate Liz is part of the wealthy tax cut bracket. Everyone else I've ever spoken to, be they Scottish or English, has said they liked the cabbage with googly eyes more than her.
@@roryaphunter trickledown was a fallacious name given by the opponents of the idea. We have well over 250 years of economic performance in just our country alone and the economics proposed by those the leftwing tend to disagree with, actually does work. It works everytime. Without fail. Yes some level regulation is needed to prevent malicious intent from robbing the market or what not, but the facts remain that the disparity between the poor and wealthy only got worse everytime a tax system was proposed. Every single time. Britian used to be the richest empire on earth with the highest standard of living during the age of sail and yet their government at the time only spent 3% of their GDP on tax/budget. 3 PERCENT. That was the norm for most successful counties that saw wealth booms. The USs biggest boom when in the 1800s in very much the same situation. There was no wealth tax, inheritance tax, capital gains tax or income tax at the time, and it saw the biggest long term decades boom as well when spending was roughly the same - government acciunts were only 3% of the GPD. This is all public lic record. It's all readily available for anyone to read at any library. You can use the internet if you'd like. As long as you understand the math and know what you're looking at - the facts never change. The 'Reagan' types were mostly right. Even if it was by accident. It turns out my hatred of Milton Freimen was misplaced. He actually KNEW what he was talking about and he wasn't wrong. He might be extreme on the deregulation thing but at the very least, lowering taxes and abolishing a lot of other taxes IS the way to go. There's 400+ years of modern free-market data we can study with the US participating in about 250 years of that data. All the data shows the same thing... Lower taxes are better. Period.
@@NurhaalLower taxes on working people is good but the rich need to pay higher taxes. You're leaving out the part where we had labor wars from the 1880's to 1920's because the rich were consolidating their power and squeezing people into terrible conditions and then from the 30's to the 70's we had high taxes on the rich and our country had its economic peak where 1 man working minimum wage could support a family better than people today with degrees. The only reason Reaganomics worked at first was because we had so much middle-class wealth and progress from the Democrat policies that they were plundering and now it's really bad for working people and very obviously unsustainable.
Gotta love a party so interested in taking power by any means necessary that they never bother to think about what to actually do with it once they get it. Truly elite.
If i had you for my history teacher i would've not fallen asleep during history aced all my classes and actually enjoyed learning about history! This is entertaining and enlightening and this is coming from someone with adhd! This is the first video i watched of yours you need more views your underrated af can already tell! Subbed!!
At least she was good enough to quit after 45 days and the people of her party were good enough to see their mistake and put pressure on unlike some places...
we didn't even have enough time to hate here it was that bad... when mu family went to Germany and at a store we said we were English and the guy at the counter turned to my dad and said "when is it your turn to be prime minister." turns out the average lettuce lasts longer then she did as prime minister.
At least she quit, in my country when a presidente condems everyone to the misery it will continúe until the end of his mandate (probably destroying the country more and more everiday)
The economic prosperity of the 80's was directly from Ronald Reagan's policy , it's long term planning, but Bill Clinton took credit for it. Kwasi Kwarteng had specifically studied economics and his economic policy was viable , he was blamed for the mini-budget plan bit cutting civil servants that are useless makes a lot of sense. Lowering government regulations, removing restrictions on house construction plans increases the supply of housing against the growing demand for housing which lowers rental and house prices which right now is not helping the "living cost" crisis created by Conservative and Labour Members of parliament who voted for socialist policies that have forevermore continued to stagnate UK's economy. VAT is too high, why do we pay VAT on utilities, clothing, and food which are basic survival commodities.the income tax is 20% but you also pay around 20% of your income to National Insurance on top if you are a lower income earner ,that's around 60% of your living budget going to taxes in UK but many Brits are idiots and just assume it's 20% of income over £12,000 that goes to taxes. Our "Climate levies are 30% , the energy companies don't suffer from that, the paying consumer does. There is no freemarket when we live in a corporate socialist system; A.K.A Fascism.
This debacle reminds me about that female politician who led this semi-truck rally across most of the US just to ditch it halfway through or something because she also had no plans to help or prove a point. Andrew Callaghan did a video on following the truckers and the lady was proud until she decided she was “too busy” and “unavailable” once things got kicking. Not sure the full story, but I remember the truckers being so happy to get a representative like that only to now believe in a ghost.
The economy was tanking because all these financial assets tanked, which was because there was no means for the government to pay for a lot of short term bonds it borrowed out.
Yeah, in Britain, as a people we basically voted on a stance of *Brexit* with the hope it would gain Britain a stronger self governance again. On the back of that it just got weird. We had our taste of the global pandemic but then we had like 3-4 Prime Ministers which weren't voted in, they just all got sacked or jumped from the position which opened the position for the next cretin to jump into the role whilst the people were just wondering if the government would honour the demands of the people. I'd heard this woman's name before but this is the first time hearing what she was about which sums up how many in the country are aware of the previous few PMs.
A politician being too dumb to hate is probably the wildest insult I’ve heard.
Doesn’t work.
We still hate her.
Oh trust me, anybody who had to renew their mortgage since she crashed the economy really hates her.
Ever hear of forner Mexican President Enrique Peña Nieto, he is dumb af but damn he is funny.
If you haven't noticed how common this "Insult" has become you need to get out more...read more? I don't know where humans get their news nowadays.
@@cantcomewithsomethingorigi6799No hables asi de nuestro Tlatoani
Small correction, the UK didn't vote for Liz Truss. We didn't vote for Rishi Sunak. We voted for Boris Johnson who then made a total fuck up of it and handed it off to Liz who then made a complete and utter fuck up of it and then handed to Rishi who I think is in power now because the tories don't want to look even more incompetent by changing leaders 4 times in one term.
Yes! This is the only amendment I’d make! Other than that… spot on! 🤣
JFC there was no one better than any of the people mentioned in this correction? What the hell is wrong with us?
@@seapeajones friendly reminder that the presidential elections in America currently feature a choice between either a doddering senescent or a literal man child, with no other possible options
In Liz We Truss
Tbh he got booted cause of turning up during covid imagine all the power plays and that’s the straw that breaks his fat back
I remember that whole fiasco. I went like "damn, she just went in and did as much damage as possible for 45 days"
The ultimate girlboss. She killed the Queen, the pound and Tories in six weeks, refused to elaborate further and quit
@@alexvlkvknaand now recieves 115 000 pounds, travels in armoured cars and has her own guards
Now imagine having someone like that be in the news for 4-8 years… I hate this timeline.
That's not what happened. The bank of england set her up with the banking crisis. The lotus eaters interview covered this in "We Appear To Have Caused Some Controversy"
And im still paying the price for her mucking about every time i pay my mortgage 🤨
That was a great summary. Just to add the public didn’t vote even have an election. The Conservative Party voted for her after the last disaster was forced to quit in disgrace
A Prime Minister so obnoxious, that she made such an immortal being like the Queen die of cringe
Noooo
😂 and I thought that was Charles fault!
It was multiple factors. Sans winning over Reigen in the War of the Tumblr Sexyman was one of those factors.
@@omnipenne9101 Kanye not releasing Donda 2 in 2022 is also one of those factors. 😢
@@htwtrbg1 Kanye is not good.
So this is what British tea taste like
piss
Tastes like regret 😭
Bitter.
@@Number-id3ddher face looks llike one, too. My word.
You mean bland?
this is fr the best explanation of the liz truss premiership for people that dont know nothing about british politics
No it isnt. It's full of flaws and holes.
@@GeometricPidgeonexplain
@@larryforemanthey didn’t vote for her they voted for Boris who fucked up then they give it to rishi the person who was said in the video that told Liz to not lower taxes which he fucked up too then it was handed to Liz who did what she did and then back to rishi because all tories suck
@@vickiesona3682based, fuck the tories
He left out a number of important details and his analysis has all the depth of a middle school book report
You forgot got the most important thing people saw it from a mile away so a national paper run a campaign to see who would last longer her or a head of lettuce.....the lettuce won.
You forgot to mention the part where she now receives £115,000 every year for the rest of her life because she was prime minister once.
She was prime minister for less time than it took a lettuce to go mouldy. 🙄
She also gets a private chauffeur and an armored security car for them to drive her in, and a few other benefits too if I remember correctly. Not bad for 3 weeks of work (and being terrible at your job too). 🤦♂️😂🫠
wtf
Yep. And she hung on for a month so that she could award an Honours list on her way out!
💀💀💀
ey yooo, thats insane
95% accurate. Refreshing to hear an American know about UK politics, and do it with humour too. Nice job
As someone that was actually very involved in fixing the financial fallout of this, it really is not very accurate.
And I like this guy.
But this is a pleasant version for a social media level video.
@@Dedicated_.1explain then…exactly !
@@Dedicated_.1what do you think should’ve been added in a video of this length?
@@Dedicated_.1 Tell me more, you smarmy poser.......
@@Dedicated_.1He literally could've summed up the video with "woman politician" & left it at that.
without colonies Britain is reverting to its original state.
Irrelevancy.
interesting so how they obtain colonies since colony look more relevant than britain itself?
@@Azerolat that time technology difference was high
The UK has had a hard time accepting that its no longer a powerful country.
Me, a Brit: Ouch. ehh, sort of true.
👀👀👀
Reduce tax on rich is the stupidest thing ever. You want lower, at least lower the middle class only
The conservatives in the US, UK and many countries are bankrolled by the rich so they can't go against their overlords. It's why so many of them call climate change a hoax, Oil tycoons don't like carbon taxes and renewable energy investments.
Middle and lower class. A rising tide lifts all boats, but tides lift from the bottom. People claiming the markets are what lift everyone forget that.
>Reduce tax for people that can pay it and still have enough money for a lifetime
>Reduce tax for people who struggle to bring food to the table
Such a difficult choice
@@lady_deaths_head people who struggle to pay for food has no tax.
@@zhen86 Not everyone is on food stamps, bud. Some of us work for our bread, even if we need the help. We're a whole generation that's been brought up to feel guilty for taking any form of handout, even if it means your kids don't eat. How I was raised. I had to get a job at 14 to start paying rent, and my dad would have beaten me to death if I started taking things like disability for my four heart conditions and autism. So no, not everyone in need gets government assistance. Hell, I can't even get a credit card cause I was raised to believe that credit is the devil.
Step one blame the black guy 😂
I know right? He's a financial advisor, he can only advise and she can overrule him with her powers as Prime Minister. The fact that they kicked him out was just cruel.
Tale as old as 1441.
okay, so yes, blaming it all on Kwarteng is wrong because she was the one that pushed this idea of cutting taxes for the rich in the middle of a cost-of-living crisis, but don't feel too sorry for him, he believes the exact same things as her, they both co-authored a book after they'd been elected to parliament in 2010 that laid this shit out a decade early. he's also conservative as heck and called BLM's view of history "cartoonish". he's also anti--welfare. my point is, yes truss is the figurehead. but all the tories who helped get her in share a little bit of blame, and he was her right-hand man, not just some advisor. that being said, she did throw him under the bus to save herself.
He was chancellor of the exchequer, it was his fault in part since his job is the economy and he supported her
😅😅😅
as a brit, this is one of the best summaries of those chaotic 49 days i've seen. i don't mind the little details being left out because the overall message is the same: Truss was and is a disaster.
Disastruss.
"After the world stopped celebrating..."
That was so out of pocket 😂😭
@@Risingofthephoenix You havent seen the argentinian news about her
@@Motorata661 Only thing they can celebrate after getting humiliated
She's definitely a "why don't we just print more money" girl.
In a frantic voice
"Liz where are the plans?"...
My best part of the video 😂😂😂
Best take on Lizzy I’ve seen
Glizzy Lizzy*
And believe it or not, she still gets to claim 115k a year just for being an ex-PM, I hate the country I was born in.
"I am not a quitter"
*Resigns the next day*
Conservative policy in a nutshell. No real plans but help the rich get richer.
kek
Democratic policy in a nutshell: pretend to help poor people while enriching yourself...
@SilkySnow_ Restarted.
Modern "progressive" policy does the same. Amazon, Google, Pfizer, JP Morgan, Raytheon, and Blackrock are all laughing their way to the bank while authoritarian "left-wingers" scream for more censorship and more weapons.
And then! socialists save the-
Argentina: 152% inflation rate with insane taxes
Its either business routes being made by the right, with no improvements, or getting taxed to high heaven by the left with no improvements
"After the world finished celebrating.."😭😭😭
An example of the world celebrating: ua-cam.com/users/shortsw8c-MYxppT0
@@Diego-zz1dfrickroll
gold
I think this might be one of those “never attribute to malice that which is adequately explained by stupidity” moments.
I read about an incident in Chicago in either the 1970s or the 1980s. The new mayor was elected in large part due to him declaring that he had someone who had top-notch snow emergency plans. Shortly after he was elected, there was a terrible blizzard. The citizens said, “Okay, so what are these great snow emergency plans?” so the mayor turned to his guy and said, “Okay, so what are these great snow emergency plans?” It turned out to be a whole lot of nothing. A lot of the pages and pages of emergency procedures were repeating stuff like, “Pay attention to supervisor instructions,” which didn’t help handle snow. When it came to the practical stuff, most of it turned out not to be practical. For instance, when it came to the snowplows, they couldn’t get to most of them. I guess at no point had the snow removal mastermind thought, “Gee, maybe we should make sure the vehicles can actually be used…” Under the mayor’s watch, this guy had been paid a lot of money for plans that didn’t help at all. That mayor lost his Re-election bid; all his opponent had to do was ask, “Hey, remember what happened?” 🌨️ 🥶
Classic Crook County Shitcago
"This you?" meme taken to the logical extreme during that campaign lol
Fun fact: While Truss was in office, The Daily Star (British newspaper) made a livestream of a photo of her placed next to a head of lettuce, posing the question of which one would last longer
Apparently the lettuce won.
I remember this was living in london when she did this for a few hours before they closed the banks that exchange rate made me a wealthy man
The public wouldnt have voted for Truss, her economic policies were obviously flawed to anyone wasnt a neoliberal idealogue.
The issue is only conservative party members get to vote on who becomes leader of their party, and they're the ones who believe most in this sort of shite. And because their party was still in charge she took the reigns.
🧐👀🧐
Neoliberalism is not flawed, though. It works.
"They said Liz?"
"She said "hmm?"" 😂😂😂
This page is dope af. Makes me want longer more detailed videos tho😂😂. Great work
Appreciate it, Im getting started on those
i don't hate her as much as i hate the people who put her in power when CLEARLY she wasn't able to follow through. like when a 6th grade class president says hes gonna have pizza parties every friday, like BRO NO U AINT
Yo this was funny as hell, deserves more views
She wasn’t stupid, she stayed in office long enough to get benefits for being a former prime minister.
Higher taxes for the ultra wealthy makes more money circulate. Hoarding wealth destroys economic growth.
Regan lowered everyone's taxes not just the rich. That's why everyone liked him. Get it right.
man, ppl don't hate her not because she doesn't know anything, but because they all don't know anything, that's why they voted her in the first place.
Politics would be so much more interesting if everyone explained it like this guy. Great video! I really enjoyed it ☺️
I remember the famous "I am not a quitter" speech from her. That was the day before she resigned 😂
😂 this should be turned into a TV series. Already got the plot written down😂😂😂
The economy boomed when the tax rate was cut by Reagan. 70% tax rate is ridiculous.
Damn, I forgot about her... PORK MARKETS!😂😂😂
Worst part is that she's now touring America suckling on Trump teets.
I wouldn’t say we don’t hate her in the UK. She tanked the economy and was outlasted by a cabbage. She is not well liked at all.
The lovely part about democracies is that the elected officials reflect on the people within the country
if the elected person is an idiot then that means the people of that nation are equally stupid and both deserved and asked for this to happen
Yep, my mortgage went up 50% in one month because of her fuckery. I have friends whose mortgages went up over 80%.
"If you're not lying then you will get nothing"
- Me Quote.
I love this type of recap on the bullshit I lived through 😂😂
same
"after the world finished celebrating"💀
"After the world stopped celebrating"
SIR 😂
So this is a live example if we ever voted Marjorie Taylor Green as the president. At least Boris can do something, maybe?
It’s also what we got with Trump. He is also very stupid and does things to protect his fragile ego.
The shortest serving, worst PM in british history. That's a world record.
How is that UK prime Minister can resign so easily and yet the Prime Minister of Canada despite multiple campaigns of corruption and tons of protests keep themselves in congress despite overwhelming disdain? At least they have accountability, in our country it's being kept up by force and enlisted with help from military
Poor ting ting. She ain’t mean to hurt anyone. She just don’t know no better
Because of her people are paying higher mortgages.
Queen Elizabeth really just looked at liz and said. Yeah im outta here
The queen be like: “I am way too old for this shit”
She stayed long enough to qualify for a lifetime pension. She knew exactly what she was doing.
“After the world finished celebrating” 😂😂😂😂 you cant be stopped
The crazy thing is, that she stayed just long enough to qualify for the pension bonus for Prime Ministers
This dude got nothing but bangers! 💥🔥🔥
Cut taxes for ppl who can afford it. Is wild. What about everyone else. The rich was happy for nothing
Keep making videos . I can’t wait to see you get big . Just giving props where it’s due
Politicos should be charged with high treason in those cases : either you know what you are doing and you actively try to undermine your country, either you don’t know what you are doing and you shouldn’t had apply for the position in the first place
Your content is the ooooooone!!!
Glad I get to see your rise in the early days.
Massive love from Zimbabwe, crodie🤞🏾
tiripo pano chibaba😂
@@scottsuniverse Zimba harishaike pamap😂😂👊🏾👊🏾
It always comes back to Reagan… like he’s a loadstone for the timeline
Britain: We will destroy Russia with sanctions!
Also Britain: The above video
Russia: we are a superpower
Also Russia: over 2, years still stuck in Donetsk
"We don't hate her she just don't know anything" is the best description of Liz Truss I've ever seen, just add "and she has the self-awareness of a lobotomised pigeon" and you're there.
the more i learn of the different politicians in the world - the less worried i am about running in an election.
Stories like theses show that reality can be as funny as a Internet Comedy sketch.
And here i am complaining about Nigeria with our increased tax reforms 😭
Whoever said they don't hate Liz is part of the wealthy tax cut bracket. Everyone else I've ever spoken to, be they Scottish or English, has said they liked the cabbage with googly eyes more than her.
Reaganomics are the worst thing to happen to mankind since leaded gasoline
It's almost impressive that some people in government are so stupid it becomes animal cruelty to mock them .
0:41 "After the world finished celebrating" BRO.... 💀 (Accurate af btw)
Reaganomics does not work anymore. It's an old idea. Today producers can carry on about their business without trickling anything down.
I don't think you have any idea what you just said 😂
@@NurhaalI don’t think you understood what they said if you think that trickle down economics translates to increased consumer spending in practice 😂
it never worked, trickle-down economics is a terrible idea
@@roryaphunter trickledown was a fallacious name given by the opponents of the idea.
We have well over 250 years of economic performance in just our country alone and the economics proposed by those the leftwing tend to disagree with, actually does work. It works everytime. Without fail.
Yes some level regulation is needed to prevent malicious intent from robbing the market or what not, but the facts remain that the disparity between the poor and wealthy only got worse everytime a tax system was proposed. Every single time.
Britian used to be the richest empire on earth with the highest standard of living during the age of sail and yet their government at the time only spent 3% of their GDP on tax/budget. 3 PERCENT.
That was the norm for most successful counties that saw wealth booms.
The USs biggest boom when in the 1800s in very much the same situation. There was no wealth tax, inheritance tax, capital gains tax or income tax at the time, and it saw the biggest long term decades boom as well when spending was roughly the same - government acciunts were only 3% of the GPD.
This is all public lic record.
It's all readily available for anyone to read at any library.
You can use the internet if you'd like.
As long as you understand the math and know what you're looking at - the facts never change.
The 'Reagan' types were mostly right. Even if it was by accident. It turns out my hatred of Milton Freimen was misplaced. He actually KNEW what he was talking about and he wasn't wrong.
He might be extreme on the deregulation thing but at the very least, lowering taxes and abolishing a lot of other taxes IS the way to go.
There's 400+ years of modern free-market data we can study with the US participating in about 250 years of that data. All the data shows the same thing...
Lower taxes are better.
Period.
@@NurhaalLower taxes on working people is good but the rich need to pay higher taxes. You're leaving out the part where we had labor wars from the 1880's to 1920's because the rich were consolidating their power and squeezing people into terrible conditions and then from the 30's to the 70's we had high taxes on the rich and our country had its economic peak where 1 man working minimum wage could support a family better than people today with degrees. The only reason Reaganomics worked at first was because we had so much middle-class wealth and progress from the Democrat policies that they were plundering and now it's really bad for working people and very obviously unsustainable.
“It starting to sound like excuses girl” lol
… after the world finished celebrating... GOTDAMN!🤣🤣
why democracy country don't have any standard ? why're they allowing people without politics degree to become president ?
Gotta love a party so interested in taking power by any means necessary that they never bother to think about what to actually do with it once they get it. Truly elite.
Damn. They got rid of British Dubya in 45 days. America said, “8 years, 2 wars and a Great Recession, please.”
Spent just a few weeks in office and now she's set for life with pension...
The world didn’t celebrate the queens death …. She’s the only one out of that diabolical royal family that anyone liked 😂😂
If i had you for my history teacher i would've not fallen asleep during history aced all my classes and actually enjoyed learning about history! This is entertaining and enlightening and this is coming from someone with adhd! This is the first video i watched of yours you need more views your underrated af can already tell! Subbed!!
If I’m ever asked what the internet was like in July of 2024 I’ma going to point them here
Informative and entertaining.
At least she was good enough to quit after 45 days and the people of her party were good enough to see their mistake and put pressure on unlike some places...
we didn't even have enough time to hate here it was that bad... when mu family went to Germany and at a store we said we were English and the guy at the counter turned to my dad and said "when is it your turn to be prime minister."
turns out the average lettuce lasts longer then she did as prime minister.
It’s all true. Although she became PM without a General Election. The members of the Conservative Party voted her to be PM.
One important correction. Nobody voted for this woman.
At least she quit, in my country when a presidente condems everyone to the misery it will continúe until the end of his mandate (probably destroying the country more and more everiday)
3 weeks 😂😂
Even the queen dies from cringe the moment she steps into power💀
The economic prosperity of the 80's was directly from Ronald Reagan's policy , it's long term planning, but Bill Clinton took credit for it. Kwasi Kwarteng had specifically studied economics and his economic policy was viable , he was blamed for the mini-budget plan bit cutting civil servants that are useless makes a lot of sense. Lowering government regulations, removing restrictions on house construction plans increases the supply of housing against the growing demand for housing which lowers rental and house prices which right now is not helping the "living cost" crisis created by Conservative and Labour Members of parliament who voted for socialist policies that have forevermore continued to stagnate UK's economy. VAT is too high, why do we pay VAT on utilities, clothing, and food which are basic survival commodities.the income tax is 20% but you also pay around 20% of your income to National Insurance on top if you are a lower income earner ,that's around 60% of your living budget going to taxes in UK but many Brits are idiots and just assume it's 20% of income over £12,000 that goes to taxes. Our "Climate levies are 30% , the energy companies don't suffer from that, the paying consumer does. There is no freemarket when we live in a corporate socialist system; A.K.A Fascism.
This debacle reminds me about that female politician who led this semi-truck rally across most of the US just to ditch it halfway through or something because she also had no plans to help or prove a point. Andrew Callaghan did a video on following the truckers and the lady was proud until she decided she was “too busy” and “unavailable” once things got kicking. Not sure the full story, but I remember the truckers being so happy to get a representative like that only to now believe in a ghost.
i can’t believe you failed to mention the lettuce in all of this!!
The economy was tanking because all these financial assets tanked, which was because there was no means for the government to pay for a lot of short term bonds it borrowed out.
My God, do Americans have so little understanding of the rest of the world that you have explain what a Prime Minister is?
And a cabbage outlasted her being Prime Minister.
Your video is good but regan's tax cut made the 1990s economy boom. Us was going through stagflation at the time
You're so good at this, the way I keep coming back for more things I care nothing about.
The one thing I can agree with is “after the world finished celebrating” as a South African, we did Shem.
Yeah, in Britain, as a people we basically voted on a stance of *Brexit* with the hope it would gain Britain a stronger self governance again.
On the back of that it just got weird. We had our taste of the global pandemic but then we had like 3-4 Prime Ministers which weren't voted in, they just all got sacked or jumped from the position which opened the position for the next cretin to jump into the role whilst the people were just wondering if the government would honour the demands of the people.
I'd heard this woman's name before but this is the first time hearing what she was about which sums up how many in the country are aware of the previous few PMs.
You missed out the lettuce 😂😂
lol I felt too bad to throw it in 😂😂