Why Labour and Trump will both fail

Tax work less, tax wealth more. That is the takeaway.

Hi Gary, as a retired Finance Director, this is how I explain the growth in wealth inequality: In the early 70’s there were just 2-3 Billionaires on earth, and people could name them (Howard Hughes, John Paul Getty). In the past 50 years, the world’s population has doubled from 4Bn to 8Bn, but there are also now around 3,000 Billionaires. On a planet of finite resources, that clearly shows how wealth has been transferred . This example is one of the few that I find really resonates .

Tax the rich. I saw this reel that was someone asking a random 20 something girl in the street what she thinks needs to be done about the economy and she said tax the rich, even just 2%. Then the video broke down what that 2% could pay for. In the comments, it blew my mind, people were up in arms saying 'why should they be taxed 2%, they've worked for it they deserve it.' And this is what we're really up against, normal people being so enamoured by the lie that they too may one day be mega rich that they take it as a personal attack when in reality they're actually getting materially poorer but supporting this delusion.

I am an Economics Professor from Germany. I am a big fan. Thank you for educating society.

Just been watching sky news for 10 minutes. Came here to recover from that experience

Your best video yet! In my 60s and comfortably retired, I tell everyone I meet to listen to your stuff. I think emphasising the post war reckoning is really where we need to be. So many younger people have only ever experienced the learned helplessness, the imagined impotence of the ordinary working people. We need to reignite the spirit of power that comes with solidarity, collective action, community.

Governments are not failing. They are doing exactly what their lords and masters want and will be handsomely rewarded.

"You are in a boat with a massive hole in the bottom, One person is telling you to row more sensibly, and another group is telling you to shed some weight, but Neither is telling you to plug the damn hole because they don't really care if you sink" Nice wee addendum to your very apt summary.

“They” fear us when we become educated. Keep contributing to our education Gary. Thanks 🙏🏾

It’s not Red versus Blue It’s the Rich versus You.