Everyone is piling on to @garyseconomics - his wealth tax documentary has bombed. Even the Guardian has given it a 2-star review and watched in horror as experts and onlookers alike call his ideas a car wreck.
It’s disappointing that he stuck to the same scripted lines that he said to me over a year ago. I raised the core issues with him back then and he did nothing to evolve his thinking.
Now with all of that said, I want to urge that we don’t throw the baby out with the bathwater. Wealth Taxes won’t work but that doesn’t mean we can’t look for ways to improve things for people who are struggling.
Gary’s popularity stems from a real issue. Millions of people see no way of keeping up with the costs of living. For millions of people in the UK their living standards are getting worse year on year and it needs to be addressed.
Here’s my thinking:
THE CAUSE:
- technology is devaluing jobs by making them easy to automate, outsource or simplify.
- we’ve had an un-targeted immigration policy that has flooded the UK labour market with millions of additional low skilled workers who compete with local entry-level workers.
- we have a UK government that has exploded debt and spending. Government spending that doesn’t result in productivity gains creates inflation.
- We have massive global businesses who do business in the UK but don’t contribute anything in tax revenue. They put local retailers, code shops and publishers out of business and move their profits to low tax zones.
SOLUTIONS TO EXPLORE:
- Special economic zones that offer lower taxes for small businesses that set up in parts of the country that need economic activity.
- Broadcast licenses for social media giants.
- IP licensing taxes for companies that take the piss with profit shifting.
- Lower taxes for startups. Reinstate the Entrepreneurs Relief. Expand SEIS/EIS.
- Allow home based businesses to claim childcare, cleaners, company car etc so they can run a better business.
- Allow tax deductions for home renovations (other countries have seen massive stimulus from this).
- Set up a British Sovereign wealth fund using oil and gas reserves.
- Reduce regulations and get builders building homes.
- Full support for the British farmers who create jobs and provide domestic food security.
- Entrepreneurial apprenticeships.
- Financial literacy and business skills taught in schools.
What would you add to the list?
🚨#BREAKING: A 28-year-old confirms he has spent the last 10 YEARS of his life interviewing World War II combat veterans to keep their stories alive...
...in fact, for the last 10 years, he has interviewed World War 2 veterans EVERY SINGLE DAY
He started as a teenager, ditching school to ride his BIKE to the local retirement home, walking up to the front desk and asking to, "meet some World War II heroes."
His name is Rishi Sharma.
He's crossed all 50 states and half the world.
He's slept in his car and lived on gas-station food to afford it.
He asks these men for hours of their memories, and then he hands the entire recording to their families...
...FOR FREE
So that 200 years from now, a great-great-grandchild will know not just their hero's name, but how he laughed, how he cried, and what he sacrificed.
Rishi has no military family, his parents immigrated here from India.
He does it out of pure gratitude.
In his words:
"My parents were given the opportunity to immigrate and raise a family because of veterans like these. It's a debt of love I'll spend my entire life trying to repay..."
As one 100-year-old Marine who stormed Iwo Jima told him, remembering the flag going up:
"The hair on my arms still stands up when I think about how beautiful it was."
THAT is America.
250 years of ordinary people doing extraordinary things...
God bless our veterans. 🇺🇸🇺🇸
Dim grifter Gary Stevenson has made an idiot of himself in a Times interview, declaring that “I’ll be totally honest with you, I think I am one of the best, if not the best, inequality economists in the world."
Further evidence that dopey Gary is self-obsessed & divorced from reality is his claim that his Youtube programme is "the biggest political show in the country." He claims that in his third year at the LSE "I didn’t even have to study and I still got a straight first,” and describes himself as the "most famous" person in the far-left so-called patriotic millionaires group.
Gary says that threats to leave the country if a wealth tax is introduced are "just scaremongering.”
The Times pointed out that "Statistics from the recent Sunday Times Rich List suggest they’re not: one in six people on the Rich List just two years ago do not appear in the 2026 list; almost a third (111) of the UK citizens who appear in the main list of 350 individuals no longer live on the British mainland, and at least 15 foreign nationals who appeared in last year’s Rich List have been removed because they now live elsewhere".
Asked if he gives away some of his wealth, Gary admits “I don’t, no".
He argues that his contribution to humanity is producing videos calling for the state to confiscate other people's money.
So sad.
Britain has been forced to pay 17 times more to import energy from Europe during the heatwave after solar panels malfunctioned and demand for aircon was underestimated, with prices hitting nearly £1,400 per MWh at peak. https://t.co/txT5LldqJT
I want all anti-air conditioning zealots to know that when I depart Qatar for the summer (I spend several weeks drinking cocktails on a beach in Thailand), I leave my air conditioning units on the entire time. Compound management explicitly tells us to do this. Five units on the entire time, despite the fact that nobody is here.
Your solipsistic sacrifices are for nothing.
Work? Taxed to oblivion
Sell? Taxed to oblivion
Buy? Taxed to oblivion
Die? Taxed to oblivion
And now… save? Taxed to oblivion
There is no point doing the right thing any more in the UK.
Never forget what Starmer (and Reeves) have done...
All the "red" represents tens of thousands of lives ruined, thousands of businesses closed, and more debt for our children.
And it was all so avoidable.