Comments by "Bill B" (@billB101) on "Garys Economics" channel.

  1. He's right about LSE and privilege. I worked there for 8 years. I've seen it all. Some of the stupidest rich kids I've ever met and they're the ones going on to work in high powered Jobs. We had a venue there, some of the Student union numpties decided they wanted to run it and got rid of all the full time staff. To cut a long story they wrecked the business in a few months and it cost LSE an absolutely fortune, literally millions in lost trade. One of the managers even sued for wrongful dismissal and won ( that's a story in itself ) And they just walked away from their train wreck. I know though that it'll be on their CV as "transformed the LSE student venue" or some other BS. Just utter incompetence.
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  2. I'm sure the two things are not mutually exclusive
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  3. Labour can't afford to be attacked by the press right now, they're sticking to the script.
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  4.  @irreverend_  It's more the fact that they sold off the existing social housing and just didn't replace it. But that was by design really.
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  5. The more you have the more you compound. The rich can do very well from this. However, as said here, most people can't even afford to save in the UK. Bank rate are below inflation too.
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  6.  @LRSTFJ  They talked about there not being enough female viewers on the channel at one point.
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  7. Identikit town centres in this country. They're all the same.
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  8. Considering the ability to manage your own time is ( to me ) the most valuable commodity out there then yeah, generating a passive income would be great to be honest.
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  9.  @LittlePetieWheat  Just to elaborate a little more: 1. Politics without Principle: Engaging in politics for selfish gain rather than upholding moral principles. 2. Wealth without Work: Accumulating wealth without effort or by exploiting others. 3. Pleasure without Conscience: Seeking pleasure without regard to the consequences or ethical considerations. 4. Knowledge without Character: Acquiring knowledge without developing a strong moral character to guide its use. 5. Commerce without Morality: Engaging in trade or business without concern for the ethical or social impact of one's actions. 6. Science without Humanity: Advancing science or technology without considering its potential harm to humanity. 7. Worship without Sacrifice: Practising religion or spirituality without embodying the values of selflessness and sacrifice.
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  10. He's a very rich child who thinks he's omnipotent. And a dangerous one at that. Just been caught out big time lying about his video gaming skills, which kinda sums him up.
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  11. An unelected billionaire seemingly looking after the interests of the common people. Yeah... right.
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  12. Also worth reading Liam Byrne's Book "The Inequality of Wealth" if you want to get into the nuts and bolts of inequality.
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  13. Residential care has been bought up by asset management companies in a big way in the UK, their purpose is to "streamline" the business ( i.e. cut down the front line care ) whilst maximizing the profit ( i.e. rinsing ) care home residents of their life savings and assets. This is happening all across the UK thus shifting the onus from government provided care to asset management provided care which is basically just shifting more wealth to the rich. You're talking companies like Legal and General here, on the surface they look like they legit care ( buying and building new care homes ) but if you dig a little deeper they're in fact one of Europe's largest asset management companies. As the Americans love to say... Go figure.
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  14. @NaomiOjok Unfortunately the Greens couldn't run a bath.
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  15. It's how you define rich ( in life ) really, it's not all about having tons of money.
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  16.  @bogdiworksV2  Because of the press. You get how malicious the UK press can be don't you? Say something off script and they'll turn it into next weeks narrative.
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  17. I've made money from my 1 bedroom flat in London, I however can't afford to buy a 2 bedroom flat as it'd cost me another £150K. That's the problem, it seems like you've made money but you haven't as everything else has shot up too and non one can else get on the property ladder. It's all relative. And we've seen no real increase in wages in this time. This has been happening since the 90's here though, and nothing was ever done to address it. So here we are.
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  18. I loved Yanis's book, great read.
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  19. Our short-termist political parties won't address that question as it's too far into the future. I agree though this will be a problem down the road.
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  20.  @MalcolmMXTaylor  what Jimmy was describing there and couldn't find a name for was Enshittification. If you want a really good read on Inequality though I highly recommend Liam Byrne's superb book "the inequality of wealth"
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  21.  @garyseconomics  There's always going to be one negative numpty Gary mate. Such is life 😂
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  22. "People think they're going to work their way to those levels of wealth. They're wrong, you can only own your way to that. " Silicon valley would disagree.
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  23. On a personal level there's nothing stopping people investing here. Especially if you're young. Put a small amount of money away each month using an app like trading 212 in say an ETF like Vanguard S&P 500 or FTSE all world fund fund, just keep adding to it and leave it alone. By the time you're 50 ( believe me it'll happen faster than you think ) it'll be a decent nest egg. I wish I'd know this when I was 20 to be honest.
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  24.  @martynclinton8092  I thought this too, but it's an old lecture, they could easily have already watched this.
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  25. @sten260. Really, that's what you went with?
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  26. it wasn't just the internet ( although I agree it was a large part. ) I tour a lot with bands so I see a lot of the towns in the UK and how they've changed over the last 30 odd years. Basically the town centres became identical copies of each other, you now have chains of shops like WHSmith, Claire's Accessories ( now bankrupt ) H&M, Primark, Topshop. M&S etc. etc. and so many betting shops everywhere and they're all identical. Like, everywhere. And then there's the industrial estate shopping centres, again identical. These chains have pushed out small businesses and shops. I mean, who even wants to shop in a places like this.
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  27.  @s.shep123  Enjoy the read. Can I also recommend: How Westminster works by Ian Dunt. I mean, that really is an eye opener.
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  28. A lot of buy to let landlords ( in the UK ) are in trouble right now with the increase of interest rates, it's being passed on to their tenants who can't fund the increase. I know people who are trying to offload their buy to let properties with not much success.
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  29.  @kevincowan2639  It's kind of an important message when you look at what's happening to the UK. Unless, of course, you're on the other side of the wealth fence.
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  30. Inequality is an international thing, you can't fix it in the UK without tackling it globally.
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  31.  @sallywild9351  Yeah. these guys need to form a party, like the Soulquarians but for discussion and debate on inequality. Rising tide floats all boats right into the public conscience and all that.
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  32. Also Liam Byrne, he has one of the best books out there on Inequality.
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  33.  @JoinTheBlocks  The Mirror is Labour.
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  34.  @matthewbarry376  He was on a student exchange to restore a monument to war victims. You make your own narrative up though, or just follow the Daily fails.
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  35. Looks like an interesting read, now in my Kindle :)
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  36. Speaking sense here Gary. I mean, what the Duke of Westminster got away on his inheritance was an absolute insult to every hard working tax payer in this country. Guy inherited £9bn and paid zero tax on that and probably pays zero tax on the wealth that property generates. It's beyond a joke.
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  37. This is one of the issues covered here ( and I say this as someone who invests ) if a lot of people are making significant gains from investing ( 10%, 20% or even 5-10x and more as we've been seeing on some tech stocks ) and the overall economy is growing at 1-3%, then those gains can only come from massive wealth redistribution.
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  38.  @hilaryporter7841  A vote for the independents or Greens is a vote for the Tories.
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  39. Loved the book, great read. Seems like the more money you were making the more unhappy you became which is interesting.
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  40.  @BalletNews  And there you have it :)
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  41.  @eco-terrorist  stop it.
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  42. The question being: how do we shift taxes away from wages and towards wealth when those with the wealth always have, and always will control the system and make the rules. Don't think asking them nicely will do the job.
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  43. We call it Thatcherism, but we really should call it for what it was, Milton Friedman( ism)
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  44. There is also a lot of properties that get sold to cover the Nursing home care costs of someone getting older. I mean, that's a scam industry and a huge transfer of wealth in itself.
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  45. @burgienl The problem being is that you had wealth but it's been taken away so you have nothing to pass on to a future generation. Your family therefore is always going to be in poverty compared to the wealthy who accumulate more and more over time.
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  46. Because they think it'll actually help them.
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  47.  @christinavuyk2026  How is educating schoolchildren on finance perpetuating the problem?
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  48. ​ @David-bi6lf  That's not democracy. Just because you don't like the way someone votes doesn't mean you can silence them. I mean, with Brexit it was also the younger voters who did not vote at all and also all of the "undecideds" who were targeted and manipulated on social media via companies like CA.
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  49. Welcome back mate, hope you had a great holiday :)
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  50.  @ninjadudeofficial  The greens couldn't run a bath.
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  51. I'm going to also recommend Liam Brynes book "The Inequality of Wealth" again. Superb read on this subject with some interesting solutions.
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  52.  @Soraviel  They do tax capital gains.
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  53. QT is an integral part of QE. So no, it's not just for no good reason. Not everything Murphy says is true.
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  54. @Jeff-q4u I would say the same about both the Greens and Reform.
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  55. It's not just the rich, there's a huge amount going on air B&B lets too, it's swallowing up housing stock in a big way in some parts of the country. It's actually closing schools in some areas as catchment areas have become holiday let areas. That's an issues that really needs addressing.
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  56. Are they not a hybrid of each other?
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  57.  @matthewbarry376  Meanwhile, back in the real world.
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  58. I'd love to know what happened in London with property prices, for me it started in the 90's, I watched it happen, but I've never been able to work out why, you could be right though, was it the Estate agents? There's a great chapter at the end of Morgan Housel's book "The Psychology of Money" that outlines what has happened in the US since the end of WW2 but I'd love to know what happened in the UK from the 90's.
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  59. Cycled past your gaff this morning, nice part of London. Have a great holiday Gary, keep up the great work :)
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  60.  @Lemonie76  A vote for the greens is a vote for the tories in our first past the post two party system. If you want change we first need to get rid of the tories.
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  61.  @marcusjt  It's not certain that Labour will win by a landslide, there are a lot of forces working against them, it's in their favour at present though but don't rule out culture war BS. If a lot of people vote green it could also split the vote. All I want at present are the tories out.
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  62. In which way?
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  63. Merry Christmas Gary, have a good one. Just pre-ordered the Kindle version of your book on Amazon. :)
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  64. Loving the book Gary, really well written.
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  65. ​ @yungteach  But it does, it shows he will lie and cheat to get what he wants and then still keep lying once he's called out. It's quite the character flaw. Especially from someone who owns and can manipulate one of the worlds biggest social media sites.
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  66. Immigrants have brought benefits to our culture. How do you think they've eroded it?
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  67.  @TheDoosh79  You want things to change though, to do this we first get rid of the Tories.
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  68.  @TheDoosh79  they absolutely won't change if you vote Tory. That you can guarantee.
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  69. The question is how do we actually tax the wealthy, what's the mechanism?
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  70. What do think about John Van Reenen, Gary?
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  71.  @os3990  It has.
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  72. Go on Gary, you tell them.
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  73. @ It already is.
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  74. Second comment here: Gary, how exactly would we tax the rich here, what kind of mechanism could be used when they clearly hide their wealth?
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  75. Yeah agreed, this doesn't get mentioned enough, it's a scam industry.
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  76. Seeing what?
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  77. @spuckuk7039 I think Corbyn did enough of that by himself to be honest. The 2019 defeat was an absolute rejection of JC's leadership and his politics.
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  78. @got2bharmony It had a lot to do with Brexit really. Labour convinced leavers it was for remain and remainers that it was for leave. I went to Labour meetings in London at the time where the party was in complete disarray. It was a disaster under Corbyn.
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  79. Gary is/was a successful trader no doubt, but top trader of recent times?
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  80. Lol wut?
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  81. The middle class buy to let crew thought they could get on the rent as income ladder over the last few decades and bought en masse for this reason too, but now they're starting to realise that it's going to be taken back from them ( it's already started happening ) and then we're ALL going to end up worse off. End of life care has become a scam too, care homes have been bought up by assent management companies with the sole purpose of rinsing the elderly of their assets and savings. I mean, we need some mechanism of taking some of that wealth back from the rich or they're just going to clean up and leave us all up the creek, and it ain't even started yet. The question is though, how can that realistically happen?
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  82.  @bitsandbobs4082  It was gallows humour that was blown out of all proportion by the press. Other secretaries to the Treasury have historically left similar notes. He actually explains it in his book.
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  83. Hindsight is a wonderful thing.
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  84.  @Phil_D_Waller  QT gradually reduces the liquidity you've injected into the market with QE. It normalises interest rates and helps reduce inflation. This is not some new Labour led measure though like Murphy would try and have us believe here. It's been happening since 2022.
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  85.  @DanielGreen-d5q  Didn't say it was.
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  86. ​ @evildrome  Yes, it's part of the plan. This has been happening gradually since 2022 though, it's not some new thing Labour have just concocted up as Murphy would have you believe.
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  87. Unelected billionaire running the country. I mean, no conflict of interest there. At all. Glad we're finally getting rid.
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  88. @WilliamAhlert Such as? I mean they've been a disaster in Bristol. The local Green councillor candidates I've spoken to in London have been absolutely useless. what's your experience?
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  89. @MCDONALD6969 Depends if you've taken profits. I can imagine you've taken quite a hit on paper over the last few weeks though.
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  90. Bilateral aid: the country receiving the aid must spend the money on goods and services from the country providing it.
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  91. Same as retail trading, lots of powerful people trying to make you sell then just hold.
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  92.  @britnatzaredemocracydenier5922  Scotland has a lot of the same issues.
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  93.  @vulcwen  Too many people also vote Tory thinking that some of that wealth will come their way if they do too.
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  94. Cos it's a ponzi.
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  95. Merry Christmas, keep on doing what you're doing mate ;)
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  96.  @matthewnewberry7275  By whom?
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  97. QT is an integral part of QE. Murphy won't tell you that bit though.
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  98. Labour and Conservatives policies are nothing like each other, the Tories have done a huge amount of damage in this country. Not sure why people keep spouting this rubbish. Reform would be a disaster too.
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  99. ​ @bdorman009  He not suggesting anything, as I said QT is an integral part of QE, it's supposed to happen. Also bear in mind that he's a disgruntled Corbynite so when it comes to Labour he's salty AF.
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  100. Rage Bait.
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  101. Yeah, the music isn't needed here.
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  102. Someone needs to remove these scam comments.
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  103. Saving to survive retirement.
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  104.  @majorrush81  Google Musk and gaming.
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  105. Well said.
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  106. ​ @momshouldve  The Gini coefficient shows us income inequality not wealth inequality
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  107. We're slowly turning into a rental economy in the UK. You will own nothing, you will rent everything and the wealthy will accumulate more wealth. This is the future if we don't act.
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  108. @Alex-wf9uw Meanwhile, back in the real world.
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  109. Yeah but there was always an entity above them who financed those mills in the first place.
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  110.  @Leapops  Exactly.
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  111.  @crayontom9687  Other countries do this. Grandparents can look after kids too and financially it makes more sense. It's not a question of how though in this country, more the fact that most people just don't want to.
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  112. ​ @EwanM11  No one is kidding themselves here. I'm talking about financial literacy and that's never a bad thing. You can also put as much in as you want over the years, there's also investing ISA's up to £20K year tax free. The take away here is that you educate yourself about this at an early age, because doing nothing or being negative will get you nothing.
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  113.  @christinaedwards5084  Rich: Having a great deal of money and/or assets
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  114. Got my Kindle copy, good luck with the book lunch mate.
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  115. Absolutely, I'm getting on a bit and have just really started looking at investing and realising it's something I should have done years ago. Even a few grand compounding in a 4-5% savings account for a few decades could make a huge difference. Saying that, it's a lot easier now that we have apps and access to the markets. They really should teach this in schools.
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  116. ​ @elizabethteixeira2089  Who's talking about high risk investments here, putting regular money into a 4-5% savings account compounding over a few decades will make you money. Start at 16, adding bits and pieces and leaving it until you 50 and you'll be doing very nicely. We should be teaching this.
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  117.  @Momaaro-vi7uv  And the carbon tax that would hit us all and their pie in the sky energy investment policy. It's almost as if people haven't even read their manifesto.
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  118.  @scottstevens78  Same here, although a few graphs wouldn't go amiss.
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  119. I don't think Trump has any idea what he's doing to be honest. The more dangerous thing though... he doesn't really care.
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  120.  @HunteronX  Murphy from accounts daily Labour bashing show. Not a fan tbh.
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  121. Great video again. I live in Queens Park, all I'm seeing is high end properties going up and house prices and rents rising so fast that the poor ( and now the middle class ) are being displaced from this area. On another note: Have you changed your mic though Gary, it's sounding boxy and a bit distorted. Source: I'm a sound engineer.
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  122. ​ @paulwhalley6789  The buy to let market had been contracting for a couple of years now, especially in London. Rents have been skyrocketing here . I personally know buy to let owners up the creek who haven't been able to offload their properties and their tenants can't make the rent. What data exactly are you looking at here?
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  123. ​ @paulwhalley6789  The buy to let market has been contracting for a couple of years now, especially in London. Rents have been skyrocketing here. I personally know buy to let owners up the creek who haven't been able to offload their properties and their tenants can't make the rent. What data exactly are you looking at here?
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  124. The multi millionaires and billionaires are ghosts. People say tax them but there's literally nothing to tax because they're hidden behind this whole legal smokescreen. How do we even make them visible?
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  125.  @pausereflect5911  How will this begin to ease? I mean, people aren't going to stop getting old here.
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  126. People need to remember that everybody is an immigrant somewhere down the line.
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  127. They wealthy won't leave the UK because technically they're not here anyway, they're ghosts on paper. Their finances and assets live in an offshore systems that's so complex it can't be unraveled and it can't be traced back to them. So, how do you even begin to tackle that.
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  128. The markets will enforce austerity. The government don't want this, it's political suicide.
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  129. The markets will enforce austerity. The government don't actually want this, it's political suicide.
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  130. Local businesses have been pushed out by chains over the last few decades. A lot of them aren't there any more to support.
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  131. Thanks RM.
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  132.  @stephanguitar9778  I never said they could.
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  133.  @stephanguitar9778  I didn't say they could
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  134. That looked really interesting, went to book tickets. It closed April 13th. Damn it!
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  135. @bitsandbobs4082 no, it's not. Read the book though.
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  136.  @dt6719  That would be youtube
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  137.  @Soraviel  The rich hide their assets and you don't pay capital gains on your investments until you actually sell them. Capital gains are most definitely taxed though.
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  138.  @curt3494  I'm talking about what I should have done decades ago but didn't know about.
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  139.  @curt3494  It does if you're my age and only just found out about them.
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  140. Awful channel. Hard left disgruntled Corbynite nonsense.
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  141. Interesting channel, if you bear in mind that Murphy is a salty corbynite with a huge anti labour bias. Also he failed to mention the QT is actually an integral part of QE so saying it's for no good reason is nonsense.
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  142. ​ @RobbieTeperek  As long as you near in mind that Murphy is a failed Corbynite with a chip a huge anti Labour chip on his shoulder. :)
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  143. QT is an integral part of QE so no it's not for no good reason. Not everything Murphy says is true. Amazing how this comment keeps being deleted, maybe this one will stick.
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  144.  @tonycollyweston6182  Says who, Richard Murphy? I mean, we've already been doing it since 2022.
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  145. So much sense in this channel, it should be compulsory watching.
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  146. Farrage is complete waste of space.
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  147.  @DanielGreen-d5q  Not Farage, that's for sure. I mean, you go for it though, you'll get what you deserve.
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  148.  @DanielGreen-d5q  Not Farage mate. He couldn't run a bath.
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  149.  @DanielGreen-d5q  So you'd take a chance on the far right idiot who literally facilitated the lies behind Brexit. Seriously, good luck with that. As I said, he couldn't run a bath.
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  150.  @DanielGreen-d5q  You have a choice not to vote for Far Right Populist nonsense, that's for sure.
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  151.  @DanielGreen-d5q  You have the choice not to vote for this muppet that's for sure. Amazing how my comments are being deleted here. Maybe this one will stick.
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  152. @ Not sure why you directed your comment at me, but Reform is a completely wast of space.
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  153.  @vonder7  And music and arts.
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  154. Maybe he doesn't want to give them the publicity. I don't blame him either.
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  155. As long as the Tories are out I'll be happy, they've done huge damage to the UK. I'm not looking for huge change with Labour either really but I'll be voting them in. Not wasting my vote on the greens though, they might have mentioned inequality but some of their other economic and energy policies would be a disaster.
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  156. As long as you bear in mind that he's a disgruntled Corbynite with a huge anti-labour chip on his shoulder.
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  157. enlightening as in incorrect? QT is an integral part of QE, he fails to mention that though.
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  158.  @evildrome  QT is an integral part of QE, it's part of the plan. Maybe look at some some other material on it other than Murphys. Sorry I can't link here.
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  159. That's just xenaphobic mate.
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  160.  @NigelAndTommyAreGrifters  The rise in parties like Reform is because of populism. Populism is bad due to many reasons, take your pick. If it gets any hint of power however it becomes dangerous. And we need to be really aware of this.
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  161.  @northernswedenstories1028  I presume you mean by the sovereign oil fund. Thatcher took care of that by using the money to prop up the welfare system and destroy the unions. Also the population of Norway is 10% of the UK's.
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  162. All round to Gary's for a cup of tea and a biscuit.
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  163. Go for it then, you'll get what you deserve
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  164. So who would you vote for Gary to stop the flow of wealth and slow inequality?
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  165.  @garyseconomics  Absolutely, couldn't agree more. Just wondering who you'd vote for yourself?
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  166.  @localkauf  People who use their own home as collateral, buy a second and turn that into an Air B&B. That's one property off the market place and people have been doing this in droves over the last decade. It's a real issue.
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  167.  @localkauf  People own a house, use it as collateral, buy a second, turn that into an AirB&B. People have been buying in droves all over the UK for the last decade using this method. Great idea, poorly regulated. And it's a real problem.
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  168.  @localkauf I own a house in central London, bought in the 90's. I'm just a regular person. We're not all property tycoons or assert managers here. FTR I think the fact that property prices and rents have skyrocketed here is criminal to be honest, but that's another story.
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  169. QT is an integral part of QE.
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  170. No, no it's not.
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  171.  @davidalderson4980  I'm guessing you watched the Murphy video too. What he didn’t mention though is that QT has been happening since 2022 and it's part of QE, it's supposed to happen to control inflation. So no ( without writing and essay on this ) this is not the cause of the bond sell off that's just occurred and/or the negative UK market sentiment that's happening. And it's not a solution to it either.
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  172.  @davidalderson4980  This is not why the sell off is happening.
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  173.  @davidalderson4980  The sell off has nothing to do with QT like murphy would have you believe.
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  174.  @MikeStillUK  It absolutely does though. Its a ponzi scheme fueled by the greater fool theory. It keeps going up and up and up and up with no market correction. Why is that? Sorry to burst your crypto bubble ( pun absolutely intended )
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  175. ​@ It is though. It's a ponzi scheme, fueled by greater fool theory. A great big speculative bubble.
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  176. @ It is though. It's a ponzi scheme, fueled by greater fool theory. A great big speculative bubble.
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  177.  @MikeStillUK  Crypto is a ponzi scheme, fueled by greater fool theory. One big speculative bubble.
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  178. Did you watch the video?
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  179. The main things that seems to influence politicians in the UK now are votes and self interest. Be nice to see that change though. Congrats with 100K, been here since the first few weeks, keep on doing what you're doing.
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  180. I agree.
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  181.  @matthewbarry376  It was a work exchange you numpty, he'd just completed his postgrad. Where you getting this, the Daily Mail?
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  182. ​ @matthewbarry376  he was on a postgrad exchange trip to restore a memorial to the victims of a Nazi atrocity. No idea where you getting the rest from, the Daily Fail?
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  183.  @matthewbarry376  He was on a postgrad student exchange trip to restore a memorial to victims of a Nazi atrocity. Nothing to see here at all. Not sure where you're getting your info from, I'm guessing the Daily Fail.
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  184.  @matthewbarry376  He was on a postgrad student exchange trip to restore a memorial to victims of a Nazi atrocity. Nothing to see here at all. Not sure where you're getting your info from, I'm guessing the Daily Fail.
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  185. He's not.
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  186. I don't think Gary would really want to take this problem on. He'd have the same flack the gov are getting.
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  187. ​ @boblemmonz  Aside from the book quote I still don't think Gary would actually want to take this on.
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  188.  @garywhapples7172  What about rents?
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  189.  @nickhaag7803  Exactly, people harp on about batteries but there is no solution that's even remotely scalable to cover the sheer amount of energy this country uses not just domestically, but commercially and industrially.
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  190.  @tidtidy4159  Non of those are scalable enough to be useful. Reality deniers here.
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  191. Thanks Murphy.
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  192.  @Gregah14  No, no he doesn't.
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  193. We need to investigate and reform the big 4 accounting firms i.e. Deloitte, Ernst & Young, PwC ( PricewaterhouseCooper ) and KPMG They're the ones who set up these tax systems for the wealthy and hide their assets in this vast offshore banking network. They're the ones who makes billionaires untouchable ghosts. Until that is address then thinking you can tax these peoples assets is just not possible. I mean, the Panama Papers revealed a lot of this but it changed absolutely nothing. It was just another media story that went completely over most peoples heads.
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  194. I also recommend Liam Bryne's book "The Inequality of Wealth". Some great insight in that book for sure. Ahh, I see that you've already done talks with him.
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  195.  @b00ts4ndc4ts  I would also suggest Paul Johnsons "Follow the Money" is you haven't read it already.
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  196.  @garyseconomics  I bought the kindle and the hard copy. On another note, what year did you study at LSE? I used to run tech at the Quad venue there, I'm sure we've chatted in the old Three Tuns bar?
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  197.  @garyseconomics  Yeah, we probably would have met. Love the channel BTW keep up the great work.
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  198.  @shtarpark7938  The Labour party now is completely removed from New Labour. It's not the basis of Starmer's labour at all. These are different times.
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  199.  @stephfoxwell4620  Both.
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  200.  @stephfoxwell4620  Both
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  201.  @davidmcculloch8490  I'm talking about who directly influenced Thatcher.
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  202. Look forward to the London book signing. I'll be there. Are you coming to West London?
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  203. QT is an integral part of QE. Murphy won't tell you this though.
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  204.  @ruffey1748  You're saying that it's impossible to work your way to wealth though and that's just not true, especially in the tech industries, there are plenty of stories of new wealth being created. Sure investors have been involved and a lot of these companies have been IPO'd but it's created a lot of new wealth along the way.
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  205.  @ruffey1748  You're saying you can't work your way to wealth though and that's absolutely not true. Plenty of tech company stories of people who've worked and started their own company that's become successful. Plenty of new money entrepreneurs have become billionaires in this industry.
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  206. ​ @glowwurm9365  Not using any rule, this guy is saying that it's impossible to work towards wealth and I'm saying he's wrong. There's plenty of new money in the tech industries.
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  207.  @oldishandwoke-ish1181  I'm not defending the rich at all ( if that's what you're stupidly implying )
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  208.  @ruffey1748  Plenty of new money in Silicon valley and tech from those that have started companies though.
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  209.  @christopherpekel6096  The tech industry is an outlier? I mean, OK.
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  210. They're centre left.
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  211.  @cidercik  Lol. No they're not.
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  212. Just grow.... up!!
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  213. They're centre left.
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  214. There are videos on this channel with possible solutions.
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  215. And yet another scam comment.
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  216.  @gossipmongersaunt774  It's also incredibly volatile.
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  217. I hear this rhetoric a lot, but why do you think it's your parents who have screwed you over and not the system?
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  218.  @terrorbilly1  Charity shops ( here in London ) now have vinyl specialists who price things, thing is though you're guaranteed they'll be keeping the best bits to flip themselves.
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  219. So what happens to say, Royals and families with old money, do those people also effectively lose everything after 120 years, and whose birthday exactly is this based on? I mean, interesting idea, but those with old money are never going to ever let this happen. I guess it could work as a % of their wealth though, for example they lose 90% after 120 years with some assets locked in and so still have a base to build on. ( handing back rent-able real estate would be good, getting rid of the hoarding landlords in one fell swoop ) Also who would control this social pot? I mean, massive corruption and even wars could start over that one.
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  220.  @garyseconomics  I hear that, but it'd have to be collected and distributed from some kind of pot. And they'll always be someone skimming off the top somewhere. ;)
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  221. Because they want to get into power. The modus operandi here is to get rid of the Tories. You can't have some representative going off script during a debate and that driving the narrative for the next few weeks here.
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  222.  @majorrush81  Google musk and gamer my friend, all will be revealed.
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  223.  @majorrush81  Ahh, so it's all a conspiracy then. I get it now. /s. if it's actually needed.
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  224. @ Why are you defending this muppet?
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  225.  @therearenoshortcuts9868  Once they have this much wealth the only route after that is power. And when they don't get it they start to throw the their toys out of the pram I guess.
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  226. ​ @yungteach  It shows what kind of person he is that it is inconsequential but he still has to pay people so he can look the best in world at it and then start messing with high level players twitter accounts when they call him out. It says a lot. But you do you with the confirmation bias.
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  227. So the markets have actually started to calm down, are we going to get another video reflecting this Gary?
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  228. Jordan Peterson... really!?
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  229.  @aaroningl  I'm asking the questions here?
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  230. ​ @masterbarnard  "Many immigrants are coming from far less equal and egalitarian cultures" Wow. Immigration is just a convenient scapegoat for the real crap that's going on in the UK though. I mean, if you voted for Brexit then you really don't have a leg to stand. Trouble is though there's a huge amount of institutionally racist and xenophobic people who think they're superior in this country, we just won't admit it.
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  231.  @Google_Does_Evil_Now  Those who came after Thatcher have/had no intention of ever re-balancing anything, they've just continues her legacy.
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  232. Have you read Liam Byrne's book on Inequality Gary, do you have a take on it?
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  233. I remember watching this ( or one of your earlier videos ) and thinking trader, really hyped up, bit charged, yeah yeah? Only when I read your book I realised you didn't really get involved that way. ;) I did come back for more though. Congrats on 4 years.
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  234. ​ @TheDoosh79  No it 's not. You want things to change right? Then we need to start by first getting rid of the Tories. The only way to get rid of them in our first past the post, two party political system is to tactically vote for Labour. End of. Anything else, at present, is just a wasted vote.
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  235.  @TheDoosh79  No it 's not. You want things to change right? Then we need to start by first getting rid of the Tories. The only way to get rid of them in our first past the post, two party political system is to tactically vote for Labour. End of. Anything else, at present, is just a wasted vote.
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  236. AI is just a tool. If you address it as such it can really help us with all sorts of problems from pharmaceutical to industrial, manufacturing and climate issues. The applications are endless. I presume though by imminent danger you're talking about AI and singularity, but we're nowhere near that yet. In fact we don't really know what "that" is yet. There's a lot of interesting reading on this though, Ray Kurzweil recons a few decades yet ( 2040's ) and makes for some interesting points, but not sure if I agree with everything he's saying.
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  237. Just because the Greens have mentioned inequality doesn't mean they have a plan to do anything about it.
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  238.  @Betweoxwitegan  so what's the mechanism to do this? I mean a lot of these assets are hidden.
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  239.  @Betweoxwitegan  You can hide the ownership of assets. You ever read the ICIJ Panama papers book. I highly recommend it. My point however is what is the mechanism to tax these assets?
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  240.  @markturner5534  exactly, you can't get this from capital gains, the wealthy are hording their assets under trusts, offshoring, shell companies and other financial instruments, their wealth is literally ghosted so what mechanism exactly can actually be used to go after them?
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  241. How can you tell? /Very serious question here.
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  242. I think inflation had been a lot more than this in real terms. I mean supermarket prices and have shot though the roof and that's just one metric, and they ain't going down.
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  243.  @mellowmarkable  My weekly shopping hasn't been falling, it's still going up and up. I mean, statistically it might appear to be, IRL though is just isn't. And then there's the shrinkflation that's going on.
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  244.  @mellowmarkable  I already know this. What's your point here?
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  245. The care home industry has been sold on to asset management ( private equity ) companies now. They're just cleaning up in the UK.
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  246.  @jacobh793  This whole comments section is full of xenophobic British people. It's rife here.
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  247. Same here, Kindle sale.
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  248. Printing money = higher inflation.
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  249.  @temperr.haring3508  in this situation, definitely.
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  250.  @temperr.haring3508  In this case it probably would though.
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  251.  @kevinsyd2012  You don't say. /s
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  252. Far right If it looks like a pig, and it squeals like a pig.. it tends to be a pig mate.
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  253.  @tonykelpie  I dont think they know either tbh.
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  254. The US stock market will pull back a little but then continue to increase. Depends what Trump does though. The FTSE I don't even look at.
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  255.  @johnristheanswer  He did. He then change his comment to suit, see other response.
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  256.  @kinggeoffrey3801  Financial literacy is purposely not taught in this country, the wealthy don't want us to have any piece of their pie.
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  257. I don't think the government actually have a plan. Their thinking is short-termist at best.
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  258.  @awestrope74  I believe that if we change to a democratic system of proper government oversight and away from this system of self serving political thieves and their cronies then we may, one day, have a more balanced system where the money is spent in a much fairer way. I mean, our unelected prime minister is a billionaire FFS. What is that even about? He has no interest what-so-ever in serving the "People"
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  259. No, no it doesn't.
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  260. ​ @latuafacilitanonsemplifica  What does that have to do with anything I wrote?
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  261. ​ @SineN0mine3  You really think Gary isn't still trading and investing here? In fact he is, he's said many times that he still is. The two are not mutually exclusive.
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  262.  @TorstigHjalmr  YT removes comments for many reasons. Non of which I've managed to figure out yet.
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  263. How will Labour pave the way for a resurgence in the far right? I mean, it might happen and already has since Brexit but no way can you blame Labour for that.
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  264.  @Martin-ro2ns  The only people we've actually been betrayed by is the Tories, and we need to get them out. Blaming Starmer for something that hasn't even happened is a bit of stretch to say the least though.
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  265. Did you even watch the video.
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  266.  @inertGas23562  My emotions are fine thanks.
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  267.  @HunteronX  If he'd back off with the arrogant salt he'd probably be worth listening to. 😆
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