Comments by "Keifer" (@keifer7813) on "Garys Economics" channel.

The whole "we are all much better off than back in the day" rhetoric is so dumb. As if any progress at all means we're doing good. It's like holding up traffic by going 5mph on a motorway, then accelerating to 30mph and going "see? It's much better than before" 😂
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Are you sure that money is a zero sum game? There is more currency in circulation than there is actual money (Gold, and silver).
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 @crown9413 What real thing is money backed by?
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Kinda funny listening to you being careful with your words and constantly reiterating you mean the "super super rich" with net worths of 10M+, because you yourself are a millionaire lol. I guess it cuts off with you? 😂 Not a personal attack anyway, just something I thought was funny
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How could anyone disagree with this? It's practical, it's ethical, and it's fair
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 @Art-is-craft Did you watch the video? The owners of the national grid aren't just going to suddenly take all their power lines with them lol
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@Art-is-craft No, that's corporation tax. The discussion is about a wealth tax i.e taxing the owners of National Grid plc. Of course its means tested. If they meet the threshold for the wealth tax, we tax them.
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@Art-is-craft Yeah, the actual people
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@Art-is-craft No. The tax is on the person's total wealth. All their assets and liabilities would be appraised and when we figure out their net wealth, we tax that at a rate of say, 2%. As for the ins and outs of how this is done, I'll leave that to the experts. The point is, it can be done albeit would be tricky as Gary clarified
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@Art-is-craft As I said, all their assets would be appraised and they'd be taxed according to that. So if they need to sell some things to be able to pay the tax, then so be it.
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