Comments by "Robin Homer" (@RobinHomer-p6n) on "Garys Economics"
channel.
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Gary you are only partially right with your theory, you are not explaining the vast volume of immigration into this country and the planning problems,
house prices are driven simply up by the demand,
I have challenged you before about this and you will not even reply to me,
Britain is catastrophically overpopulated,
and artificial intelligence,
neurally networked robots,
and quantum computing is on the horizon and coming up exponentially to replace the professional jobs (so-called white colour)
they are going to be vaporised,
the housing market is a conundrum,
and the Bank of England being independent of government is also a chess piece on the board which is unknown and has a tactical disposition which is unquantifiable,
you may have great qualifications and have studied at the most eminent universities,
but you simply do not understand supply and demand which is the fundamental essence of economics 👍👍👍
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Gary when you explain to people the rich own most of the assets, why aren’t you explaining to the general public fidelity, Blackrock, and Vanguard, are the three companies in the world which owns most of the assets, and certainly have holdings in almost every British stock market listed company and infrastructure projects, of which most the British public indirectly are invested through their pension funds unit trusts investment trusts and I.S.As as Vanguard Fidelity and Blackrock offered to the public and local authorities and central governments and sovereign wealth funds investment vehicles through which they can invest in various assets,
So the reality is very few rich individuals own all these assets which you claim when compared to the big three Fidelity Blackrock and Vanguard,
these companies have helped many people by creating these investment vehicles are allowing people to save for their and their children’s futures,
These companies are actually assets to society and encouraging savings which is important for society and allows companies to raise cash to create further investment which creates jobs and taxation,
This is simply one of the benefits of capitalism .
Target your conversational chat about the middle class and their rapacious attitude and unsavoury gluttony toward buying to let 🤷♂️🤷♂️🤷♂️
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I would enjoy dialogue with you over over coffee,
I have no economic qualifications,
If we met
you may consider me to be middle-class,
far from that perception,
My belief is taxation is the enemy of the low paid,
and the personal allowances 🎉🎉🎉🎉should be dramatically raised to to at least £25,000 before one pays income tax,
this is something you fundamentally do not seem to grasp !!!
However,
I have a different a
🎉view from your beliefs,
I believe the ,
middmle can be boo😂sted,
The middle class however is the problem !!!
The rich are not the problem or the low paid or the poor as you would categorise society,
The grasping demanding
middle-class is the bane of all political parties and governments !!!!!
Especially the “entitled”
public sector employees at high grades,
the average or normal public sector worker is undervalued,
And clearly deserves rightfully pay boost 👍👍
If we attack the demanding academic middle-class, the low paid will😂😂 lbe supported,
Sadly Gary you do not understand the rich,
They do have the financial power,
mobility and determination to move from one country to another,
if we lose the rich and self serving middle class,
then business will not be created, and they will NOT create jobs and your ideas will NOT are be embraced by the politicians,
we should focus society on supporting the low paid and taxing 🎉X the middle classAnd embracing bringing the rich to this country, look at Dubai and other nations which have created a wealth focus, they are benefiting and our loss !!!
We need to bring rich to the United Kingdom,
Yes I said United Kingdom not Britain because they close Ireland Wales Scotland and England, we are brother in and we need to benefit from the wealthy !!!
Capitalism produces taxation which supports the NHS and social services which of the four most most critical of elements of central government to support the population, followed by defence of the realm,
Without which we will be conquered !!
We are American tarnation and examine carefully have the United Kingdom is navy has been run down to only a handful of fighting ships, they may be technically superb but simply there’s not enough of them we also have an exceptionally small professional army, and an airport with a loan number fighter jets how do you say Britain holding its own considering the history of Britain has been a nation of mercantile Enterprise
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Gary what you’re saying is not strictly true !!!!
You are talking about taxing Mr and Mrs average,
as most supermarkets,
office blocks,
warehouses,
industal
estates,
even some residential properties,
gold and other precious metals and especially the stock markets in general are owned by all of us as a nation through our pension funds such as the local authority and Central government pension funds,
and private sector company pension schemes,
Or personal/individual pension plans,
the same can be true for exchange traded funds,
unit trusts,
investment trust and other group investment vehicles, even individual savings vehicles such as I.S.As corporate investment vehicles, The Rich individuals you speak of rarely own office blocks warehouses and strings of properties as you suggest most people with private residential properties and build from scratch and have worked hard to generate a residential property portfolio.(not that I agree with having mass private landlords)
The new Labour government I’m sure will examine all these different vehicles to see what they can raise tax on in different manifestations, to probably have stealth taxes on each of these or introduce laws to discourage people from investing in these areas so that money flowing through the United Kingdom is far more easily taxed and is collected at a lower cost to the taxpayer and government itself.
The wealthy individuals you talk off either have inherited wealth on a large scale, or are international people who can easily leave the United Kingdom if they wish to whether it’s a conservative, coalition or Labour government no point in talking about the liberal reform greens or anybody else as they have no chance of governing Because their policies do not attract and resonate with large-scale voting 🤷♂️
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Gary you’re also wrong when you keep saying on this channel the rich are going to buy your mom’s house, unlikely,
who buys your mum house ??
It is the middle class !!!!!
they are obsessed with property,
social climbing and building wealth through bricks and mortar,
they are the people if you want to stop someone buying your mom’s house to target.
We should as a society aggressively tax anybody earning more than £40,000 a year, at a starting level at a tax rate starting at 40% this will slow down the growth in the property market also Britain is grossly overpopulated which causes distortion in our property market, along with the difficulty gaining planning construction permission to construct houses, if you wish to argue with me look at the pro rata distribution of population versus a size of the country start with France look at Turkey, look at Spain, look at the United States, look at Russia, look at their population density per square kilometre compared to the United Kingdom,
I suggest everybody watching this channel is to check out my answers,
It’s the middle class obsession with property which drives the property prices up either through buy to let or not holding the government accountable for letting illegal migrants into this nation, surely we should know who is coming into this nation as subjects of His Majesty ????
Why do these illegal migrants deliberately destroy any paperwork identifying them ?
This is a very important question each of you reading this should rhetorically consider
surely we should also be citizens and not subjects 🤷♂️
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Gary,
there is nothing wrong with your accent,
however,
as I keep pointing out to you, you’re not looking at 21st-century economics, and it is no longer a confrontation between left and right,
the confrontation is society against the overarching power of technology,
artificial intelligence,
robotics and quantum computing removing jobs from the marketplace,
will the answer be a universal basic income ?
Watch as middle-class jobs dissolve,
Perhaps marketing jobs and those producing CGI images for film Studios will be the first to evaporate or will it be white colour elite Socialists in universities ?
Which will technology consume first ?
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