Do bond markets control the government?

Alright everyone. Last video. I did this one totally unscripted so I forgot a few important things and then I wrote a really long description to fill that all in and YT told me it was too long 😫 so here's the important points.1 - THANKS. To everyone - to all of you who watch and share, to Oscar, Jack, Tom, Hattie who work on the channel. To the Patreons who work on all this. To Rebecca Gowland and PMUK and Faiza Shaheen and TJUK and Gabriel Zucman and his team and everyone who works on/supports this.2 - BURNHAM. I know we are pausing the channel now for a long time but I'll make an exception for you (or maybe even your chancellor). We all want you to succeed.3. FUTURE PLANS. Channel is down for now, but not forever. I'm working on some other cool stuff too which will come out at some point. I'll be here as long as the economy keeps collapsing, after that I turn this into a Japanese Language learning channel. 心配しないで。諦めないで。4. PATREON. Special big thanks to all Patreon people. This wouldn't be possible without you. Fuller Post and Q+A on there this week with more details.5. OTHER CREATORS. While I'm away check out:BarrysEconomics LouisaMuchTheory (IG)JimmyTheGiantAnna BoccaForest Jar (IG)Pissed Magistus (IG)Unlearning EconomicsTom NicholasHyphen (punk artist)6. WHAT ELSE CAN U DO. Understand the concepts and share the videos goddamit. We need more middle class professionals in powerful areas. Become an economist, a politician, a journalist, a central banker. Join your favourite political party and push them on wealth taxes. Don't ask me what to do, just do something small every week. If that's not working, try something else.7. MENTAL HEALTH. Dont panic. stay strong. drink water. cook healthy meals. try to sleep if you can. talk to your friends. talk to anyone. be there for each other!! Stay strong and take care of each other. Learn and understand what is happening. Share that understanding with others. We don't all get to live in times that are simple, but we do all get to change the world together. They fight us because we are winning. And because they are jealous of how cool we are.The world is ours.Good luckGary xxCHAPTERS(00:00) Intro(02:15) Why I quit Citibank(05:28) Time at a lefty think tank(09:49) Activism, media or academia?(12:42) At Oxford(18:26) Nearly joined Novara Media(19:31) Covid + started trading again(23:16) Writing and selling The Trading Game(27:09) Liz Truss crisis(29:48) The Trading Game at #1 was mental(33:20) Making the documentary(39:34) I’ve given everything I can(40:40) What happens next?(42:46) The richest will fight this(44:21) I can’t win this by myself(46:36) Educate and help others

More and more of what you pay in tax goes on government debt interest, rather than funding public services. As this national debt grows, taxes on working people will increase even further –and public services will continue to get worse. How do we stop this? Help us tax wealth not work: join our Patreon.Chapters(00:00) Intro(01:59) Low or high taxes? (03:08) Government wealth(07:08) Why your public services suck(16:44) How to understand economic crises (21:45) If you lose your wealth(25:55) Why we are WINNING this(30:57) You can do something

TV and radio debates about wealth taxes usually get derailed by fear mongering and terrible statistics – often from people who are paid to defend the ultra rich. What would an honest debate about wealth inequality and taxing the rich more actually look like?LINKSMy Channel4 Documentary here.The Big Issue edition here.My website that explains What is Wealth and Inequality here.Video series: What is Wealth? here.Johnny Harris 'Oligarchy' video here.My Gabriel Zucman interview here.My video when Trump came in here.Interview with Krishnan Guru-Murthy last year here.CHAPTERS(00:00) Intro(03:33) How to discuss the wealth tax(05:04) What is wealth?(05:51) Is wealth inequality growing?(13:30) How does inequality affect the economy?(16:59) Should you care?(22:02) Why the media is so frustrating(24:28) Do we need a wealth tax?(26:03) Why some people dislike wealth taxes(28:14) How do you tax wealth more?(34:06) What are the real problems with wealth taxes?(36:35) We ALREADY value rich people’s assets(38:35) Wealth taxes bad for innovation?(39:40) It will take a long time to set up(40:18) If you tax them they will leave(43:11) Will foreign investment decline?(45:49) UPDATE What is next for me and this channel?

Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x

The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.

If unstopped, the trillionaires will eventually have no choice but to take everything from you, your children and your grandchildren. Here's how it happens (and how to stop them).TAX WEALTH NOT WORK tshirt: https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:21) What is a trillion?(03:03) What does Musk own?(06:56) Should you be worried?(13:00) They will own everything(16:27) Victorian levels of poverty will return(18:17) Do you want your kids to own things?(21:08) Is this a new feudalism?(26:31) You will lose to the trillionaires(28:33) Colonialism and the Industrial Revolution(34:35) Tax wealth not work(36:21) My predictions came true(38:45) What are you going to do?(43:32) More in common with each other than with Elon Musk 

The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:55) Are we a meritocracy or an inheritocracy?(06:53) Inheritance tax vs wealth tax(12:27) Would it deter innovation?(18:52) Taxing the most productive people(21:07) The Economist’s integrity(22:21) What our intellectual elites think(25:40) Confused or misleading?(27:30) They are trying to distract you(28:42) Why journalists bat for billionaires(30:26) If you have less than £10m listen to this(34:47) Wealth taxes are NOT far-left(36:56) We need the intellectual classes(38:45) They are scared we’re going to WIN 

Are we about to get a new Prime Minister in the UK? The change in leadership may be the best chance we've ever had of winning wealth taxes in this country. And it could be a blueprint for other countries around the world.Chapters(00:00) Intro(00:36) UK situation(02:18) Who will be the new Prime Minister in the UK?(03:41) A poisoned chalice?(07:57) Strong position to get wealth taxes(11:13) I will back Labour if they do this(15:45) Adopting our political framing(22:01) Would Andy Burnham really be different?(25:11) The markets refuse to lend the UK anymore(28:09) What happens if we DO get wealth taxes?(31:01) We need to tackle long-term problems(34:13) MY PREDICTIONS(34:57) The progress we’ve made

The world's fourth richest wants your taxes cut to 0. Why did he say this last week – and should we believe him?T-SHIRT: get the Tax Wealth Not Work t-shirt https://shop.garyseconomics.org/ Chapters(00:00) Intro(02:43) Why Bezos wants lower tax(06:34) His real argument(09:12) How they distract you(12:51) They think you’re stupid(14:04) Tax wealth not work(16:59) “Everyone hates government”(21:45) Blaming politicians(23:50) The broader context(26:04) How billionaires are making you poorer(28:37) The 5 Whys(32:44) What progress have we made?

Gabriel Zucman is the most important economist in the world today. And the one billionaires fear most. His wealth tax proposals have passed France's lower chamber of parliament – and will likely be signed into law in the coming years. Here's his advice for how we can tax the super rich more in the UK and other countries.CHAPTERS(00:00) Intro(02:57) Who is Gabriel Zucman?(07:14) Why universities ignore inequality(14:05) What is the problem?(20:12) How we tax billionaires more(26:51) Gabriel’s billionaire tax in France(27:46) Learn from taxes in past(30:14) The current situation is radical(33:29) Wealth is concentrating at the top(39:07) How the UK can adopt this tax(46:02) Message to The Rest is Politics(50:12) Final message