The Rich Will Bankrupt Us All - Garys economics

Gary Stevenson is a former city trader who made millions from betting on growing inequality. With his YouTube channel he now campaigns to end the very thing he made money from. He warns that if we don't tax the super rich, wealth inequality will continue to increase, leaving the majority of us much worse off. Gary's written a book: https://amzn.to/3SJGXeM 📇 80% of what you need to know about personal finance on 2 pages Download: https://makingmoney.email/basics-guide 📈 Investment platforms we use: Trading 212 Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1. https://www.trading212.com/promocodes/MM If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account. InvestEngine Get a £25 bonus when you invest at least £100. https://investengine.pxf.io/daOD2Q Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate link. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. 🎉 Sponsors: Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney Unbiased: Get help with your money from a financial advisor: https://www.unbiased.co.uk/makingmoney 🏥 What's your financial health? Take our quiz: https://makingmoneypod.scoreapp.com/ ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S2E14 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:49 - Intro 00:49-05:57 - Obsessed with money 05:57-13:12 - Unfair advantage 13:12-18:46 - Top trader 18:46-19:39 - Unbiased ad 19:39-26:14 - Throw away your economics textbooks 26:14-32:41 - Growing wealth inequality 32:41-35:55 -What has happened to living standards? 35:55-36:31 - Sensate ad 36:31-46:43 - Tax the rich 46:43-50:45 - What happens if we don’t? 50:45-54:28 - How rich are the rich? 54:28-59:25 - Who is the real capitalist? 59:25-01:04:41 - Betting on growing inequality 01:04:41-01:11:46 - Act now