Comments by "terrytees" (@terrytees) on "Garys Economics" channel.

Gary's answer to the issue is nonsense. High-net-worth individuals are few are far between and have the luxury of mobility. Sure it sounds nice to blame all your issues on the boogeyman man but in reality it's not a grown up way of doing things. What do you expect to do outside of arresting a small group of people once they pass though your shores, jailing them and asset striping them, that money won't last long, even or so in the hands of incompetent governments? Notice how he didn't mention corporation tax, not even a peep.
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@mattyc1294 Another person that has no understanding of what the middle class owns vs the rich, the middle class buy there house were as the super rich rent it. Super rich don't own UK land, unless you are talking about the monarchy.
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@rfrisbee1 High net wealth people generally don't own physical assets such as that, it would be completely illogical to do so in a country that would tax you upon death. Physical assets such as gold would be outside of the FVEY alliance. Others assets that a country may have access to would be synthetic etf's, although most high net wealth individuals long ago made sure not to have residency within countries such as the UK.
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@MarkCW LMAO nice try but not only is there zero math behind your fantasy you also haven't got a clue what you are talking about. I hate to burst your bubble but CGT is a voluntary tax plus as already said only idiots and poor people keep physical assets in a 5 eyes country.
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@fat_biker What are you talking about? of cause they do, no one ever puts there physical assets in a five eyes country. You guys have no idea what you are talking about.
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@rfrisbee1 not the super rich, Einstein. The idea people have of wealthy land owners is comical and proves only one thing, they have fallen for the trap of distraction laid out from real wealthy corporations ready to buy all that land up under a cloak of net zero. In the mean while the UK will continue to asset strip it's own resources by doing such thing as taking land from farmers that are asset rich yet in reality earn less than minimum wage. The politics of hate and envy never end well, just look at history.
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 @DeWo-m6q Why?
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@brunsheimmasterbaitwilfrie2811 Crown dependencies are not part of the UK or EU, what are you going to do invade them? The Isle of Man has a longer running Parliament democracy than the UK or any other country in the world, so what you gonna do? get mad that they are better off then you are and claim it all belongs to you now? Again this comment section is full of people that haven't got a clue. Sure go ahead take the NHS off the IOM only to then realize that they pay the UK money for its use. There are not the same countries or the same population & would never in a million years wish to become British. But sure break them all off out of spite and watch the Isle of Man pay Ireland for it's military protection instead of the UK as well as adopt the Health System and the rest of the Channel Islands pay France that money instead. But sure go ahead, if it makes you feel better break them all off and just watch people move to Dubai, Ireland and so on. What you are suggesting is a closed economy system but may I take this moment to point out the obvious which is that no country, I repeat nothing, zero, not a single one operates in isolation today. Considering we long got rid of our manufacturing industry, and not to mention were are we getting the materials from, the UK would collapse within the week.
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@gordoncharles741 Name your 10% really I would really like to know, otherwise it sounds like a number you pulled out of thin air?
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@gordoncharles741 Vast majority of wealth in the west is held by boomers, almost a 5th of the trillions is within home owners property, meaning your gran and granddad who paid off the mortgage back in the days and own there home out right. Gary is a proven fraud BTW, you can look up his FCA record, he claims to have made million when the register proves he wasn't employed at that time, not to mention all of his old collages have called BS on him. Go read the FT article. He is a classic grifter.
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Any man that say's he was "the best F'in trader in the world" and the claim doesn't immediately set off your B-S meter well all I can say is check the ruddy batteries
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@ the UK would be doing great if 10% of the population was wealthy. The UK has the most deregulated mortgage sector in the world, it's the lack of regulation on the banking sector that is the clear issue.
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You need to realize that Gary is nothing more than a classic grifter, his claims of being a super trader have been disproven, including the times in which he worked as show via his FCA register, and his lack of explanation what money is and what it is not should be a dead give away. People who invest more than they are prepared to lose in anything are stupid just as people are stupid who listen to a one size fits all explanation of why you can't get over cause of some invisible boogie man with all the wealth stopping you are every angle aka the grift Gary sells the media. Reason guys like this are courted via the left is that they only true way to create more equality is to create more poverty thus putting all on a equal footing, you will own nothing and you will be happy.
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@cantripleplays History proves it's not lack of tax that is the issue, Gary makes the argument that the rich should need to spend all of there money within a 100 year time frame yet at the same time he argues that the rich are in control cause they buy assets? You mean like both Dyson and Gates do by buying up all the land. The guy has no understanding of economics outside of a wealth tax which has never worked. The irony of this is he worked in an industry that is part of the problem yet is incapable to understand that it's banks whom create money and the UK has the worlds most unregulated mortgage sector which is why a house costs 3 times it's worth. It's regulation which is need for financial institutions. I have to conclude that this guy is only slapped all over the media to give ppl false hope, it's a distraction. Your getting hoodwinked, the worlds 2nd largest financial district is the George Town in the Cayman islands. It's not in the UK or EU, no wealth tax could touch them regardless of it being engineered by the City of London it's outside Parliaments jurisdiction. The game was set up long ago, we got rid of the empire and traded it in for a bank and those trusts are long outside the UK. There is nothing you or I could ever do about it. What we should do is encourage growth and regulate the financial services forcing investment into long term growth, until that happens the UK will continue to be bleed dry. This guy is there to distract ppl from how it really works, cause I will tell you now Gary hasn't got a clue.
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Loser, a huge amount of wealth is owned by baby boomers who parents dealt with a world war, sure there are some rich people but most of them don't reside or even claim residence in the UK. M8 wealth is power and power doesn't even need a large bank account, what you are promoting would only result in a huge power inequality as proven by history. I have only skipped though your videos but I have not seen anything about what money is and what it is not, meaning a explanation of fiat and the history of debt in the UK. Why are you not explaining to people the BIS and IMF's plan of action in the next 2008 type crash? We all know what it is, it's on record and signed up to via every government and central bank. You should be telling people what that is and how to protect themselves instead of earning a grift from a goodies vs baddie narrative that is designed for children.
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Total earth wealth is appropriately $454.5 trillion, majority of boomers in the west own there own home outright holding around $84.4 trillion in property assets. If you wanna get mad at anyone get mad at your parents.
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