CIRCLE WITH A DOT

@ewen exactly!

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)

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 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)

@antosullivan yeah that's the guy. It will certainly be an interesting couple of years.

Congrats to the team on this story!

This is all quite troubling yet sadly not surprising. Reminds me of something that UK finance YouTuber dude said about how the old order is dead, everyone knows it, the only question is what comes next and there's two main ideas, banding together and working out how to tax extreme wealth appropriately or else straight up right-wing populism/moving into fascism. And of course the extremely wealthy don't want to be taxed so they throw maximal support behind any right-wing populist movement they can find and hope for the best. Simple as that.

And here's a quote from the article:

"Australia’s richest woman, Gina Rinehart, has become a high-profile friend and supporter of Pauline Hanson."

'I am shocked': Unpacking One Nation's spectacular rise in the polls

Pauline Hanson's One Nation has seen the fastest polling rise in modern Australian politics. What is going on? 

(www.abc.net.au)

@taylorlorenz please stop telling people about Mastodon. They might actually listen one day and all come here and ruin it for us hahaha