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This is the "UK finance YouTuber dude" I was talking about! Great article.
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Holding the politician's feet to the fire, forcing this country to do something about inequality so that your kids and grandkids will have a fair go at having a family and buying a house.
The frustration I get is, whenever I talk to politicians, they always say, 'Listen, that's too difficult, we're not ready for it, we don't have the tax policy in place, we're worried about the next budget.'
And every year the same thing happens. The economy gets worse, living standards fall, house prices go up, housing gets less affordable.
Millionaire economist's dire warning for Australian property market
British economist Gary Stevenson is on a speaking tour, warning Australia will follow the path of the UK with "poverty exploding" unless politicians deal with inequality.
(www.abc.net.au)
And here he is in this interview repeating the same quote. Really great chat. Pretty much the only "economist" I've heard who actually makes sense when talking about this stuff.
Interesting to hear him talking about "building your way out of the housing crisis" like what all the politicians are saying and how it absolutely will never work.
How a wealth tax could fix the housing crisis - ABC listen
Could we solve the housing crisis in Australia by increasing taxes on the extremely rich and targeting mining giants’ profits? Today, British economist, former trader and YouTube star Gary Stevenson on why a wealth tax could work to end growing inequality and fix our housing problem. He explains why rising inequality could lead to deteriorating living standards and leave Australians living in slums. Featured: Gary Stevenson, economist and host of Gary’s Economics
ABC listen (www.abc.net.au)
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And here he is in this interview repeating the same quote. Really great chat. Pretty much the only "economist" I've heard who actually makes sense when talking about this stuff.
Interesting to hear him talking about "building your way out of the housing crisis" like what all the politicians are saying and how it absolutely will never work.
How a wealth tax could fix the housing crisis - ABC listen
Could we solve the housing crisis in Australia by increasing taxes on the extremely rich and targeting mining giants’ profits? Today, British economist, former trader and YouTube star Gary Stevenson on why a wealth tax could work to end growing inequality and fix our housing problem. He explains why rising inequality could lead to deteriorating living standards and leave Australians living in slums. Featured: Gary Stevenson, economist and host of Gary’s Economics
ABC listen (www.abc.net.au)
@phocks I ran into this solution the ancient Greeks used, reading up on Aristotle. Metic: the idea of tying citizenship to land ownership. This meant Aristotle had to rent property. <https://en.wikipedia.org/wiki/Metic>
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And here he is in this interview repeating the same quote. Really great chat. Pretty much the only "economist" I've heard who actually makes sense when talking about this stuff.
Interesting to hear him talking about "building your way out of the housing crisis" like what all the politicians are saying and how it absolutely will never work.
How a wealth tax could fix the housing crisis - ABC listen
Could we solve the housing crisis in Australia by increasing taxes on the extremely rich and targeting mining giants’ profits? Today, British economist, former trader and YouTube star Gary Stevenson on why a wealth tax could work to end growing inequality and fix our housing problem. He explains why rising inequality could lead to deteriorating living standards and leave Australians living in slums. Featured: Gary Stevenson, economist and host of Gary’s Economics
ABC listen (www.abc.net.au)
@phocks
Gary Stevenson is a force of nature. Compelling arguments on inequality and how the rich are stealing everything from the poor. I don't think our govts care of course. -
And here he is in this interview repeating the same quote. Really great chat. Pretty much the only "economist" I've heard who actually makes sense when talking about this stuff.
Interesting to hear him talking about "building your way out of the housing crisis" like what all the politicians are saying and how it absolutely will never work.
How a wealth tax could fix the housing crisis - ABC listen
Could we solve the housing crisis in Australia by increasing taxes on the extremely rich and targeting mining giants’ profits? Today, British economist, former trader and YouTube star Gary Stevenson on why a wealth tax could work to end growing inequality and fix our housing problem. He explains why rising inequality could lead to deteriorating living standards and leave Australians living in slums. Featured: Gary Stevenson, economist and host of Gary’s Economics
ABC listen (www.abc.net.au)
This full segment is worth a watch too.
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You need to have politicians who are willing to prepare in the long term to fix serious problems. Nobody is dealing with this growing inequality. They're not even starting to deal with how do we design the tax.
- YouTube
Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.
(www.youtube.com)
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This full segment is worth a watch too.
---
You need to have politicians who are willing to prepare in the long term to fix serious problems. Nobody is dealing with this growing inequality. They're not even starting to deal with how do we design the tax.
- YouTube
Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.
(www.youtube.com)
-
@phocks
Gary Stevenson is a force of nature. Compelling arguments on inequality and how the rich are stealing everything from the poor. I don't think our govts care of course.@phocks
I notice myself and others responding to these ideas with "when will the govt do something about this?"
And we know the govt won't do anything. They have no interest in changing the current power structures. So then we ask, when will the media turn on the govt to demand better? And of course that will never happen because the billionaires own the media and that is entirely the point.
So long as you have creeps like David Koch running morning television we cannot expect the media to hold a candle to reality.
But the internet gives some ray of hope. Seeing you post these ideas here on the Fediverse gives even more hope. A world where billionaires no longer control the media. Yes, it seems dangerous and reckless to let unfettered misinformation fill the void. But there is also room for community and solidarity and wisdom to flourish.
Which brings me back to the idea of "when will they do something about inequality". And I wonder who "they" actually are. Because really, "they" is us. We are the only ones who will do something about it. And I want to do more than just listen to a bloke from England. How do I change the system so we really do get a better govt??? -
@phocks
I notice myself and others responding to these ideas with "when will the govt do something about this?"
And we know the govt won't do anything. They have no interest in changing the current power structures. So then we ask, when will the media turn on the govt to demand better? And of course that will never happen because the billionaires own the media and that is entirely the point.
So long as you have creeps like David Koch running morning television we cannot expect the media to hold a candle to reality.
But the internet gives some ray of hope. Seeing you post these ideas here on the Fediverse gives even more hope. A world where billionaires no longer control the media. Yes, it seems dangerous and reckless to let unfettered misinformation fill the void. But there is also room for community and solidarity and wisdom to flourish.
Which brings me back to the idea of "when will they do something about inequality". And I wonder who "they" actually are. Because really, "they" is us. We are the only ones who will do something about it. And I want to do more than just listen to a bloke from England. How do I change the system so we really do get a better govt???@ewen exactly!
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@phocks
I notice myself and others responding to these ideas with "when will the govt do something about this?"
And we know the govt won't do anything. They have no interest in changing the current power structures. So then we ask, when will the media turn on the govt to demand better? And of course that will never happen because the billionaires own the media and that is entirely the point.
So long as you have creeps like David Koch running morning television we cannot expect the media to hold a candle to reality.
But the internet gives some ray of hope. Seeing you post these ideas here on the Fediverse gives even more hope. A world where billionaires no longer control the media. Yes, it seems dangerous and reckless to let unfettered misinformation fill the void. But there is also room for community and solidarity and wisdom to flourish.
Which brings me back to the idea of "when will they do something about inequality". And I wonder who "they" actually are. Because really, "they" is us. We are the only ones who will do something about it. And I want to do more than just listen to a bloke from England. How do I change the system so we really do get a better govt??? -
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@danwwilson @phocks
Sorry to be a downer here, but I have little faith in the democratic system while the media is so wonky. Govts so rarely give two shits about their constituents. They care more about their donors.
The veneer of democracy is very very thin. -
@danwwilson @phocks
Sorry to be a downer here, but I have little faith in the democratic system while the media is so wonky. Govts so rarely give two shits about their constituents. They care more about their donors.
The veneer of democracy is very very thin. -
@danwwilson @phocks
Hope yes. For me, hope is to change the system. I have been saying this my whole life. You can't put good people into a bad system and expect things to go well.
I want to change the system. That is my hope. -
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