£700billion is the total increase in government debt since COVID tradingeconomics.com/united-kingdom/government-debt#:~:text=Government%20Debt%20in%20the%20United%20Kingdom%20averaged%20900.77%20GBP%20Billion,Billion%20in%20March%20of%201975 The very first video on this channel explains how it ended up with the richest th-cam.com/video/EiblHqbpXHst/w-d-xo.htmlhe Let me know if you have more questions on this as i will be doing a video on it soon....
Since the end of the gold standard in 1971 the wealth and income gap has grown because wages and savings followed CPI instead of money supply growth (real inflationl).
If you want to know where it went put a freedom of information request into the Office for National Statistics (ONS) that's their job. I think most of it went to big pharma, and the furlough scheme.
Hello Gary, how does this relate to the USA also having the biggest debt in history with foreign states selling off reserve stocks in US and the massive amount of gold that China has been getting their hands on in recent times?
Excellent participation on Politics Live - I loved your astonishment at the end when they nonchalantly discussed test tube meat 🙄... you couldn't believe the subject change when we are trudging through such corruption, chaos, mayhem...
Completely agree with all of that. We are in a cost of living crisis that's going to affect generation upon generation and then they start talking about whether you would eat factory created mix of some chemicals. A swerve mood to disrupt thoughts about the seriousness of what Gary was trying to talk about.
It is astonishing that the IEA is expressing an interest in tackling hunger and the climate crisis with lab grown meat. It's not astonishing that the real reason they're promoting it is to make a case for wholesale deregulation. Thanks for cutting through it Gary, you are doing a fantastic job.
@@carole8708 the idea that lab grown meat would solve either issue is laughable. its a neat technology and certainly a more ethical source of meat if you think animals are worthy of moral consideration, but its not gonna be more efficient than another novel technology i heard of called agriculture
A basic cheat in debating is to change the subject. This fits perfectly with the format of many politics programmes and seems to be utilised as a distraction - I'll leave you to decide if it's 'just the format' or if there are other, more manipulative reasons that involve the programme makers themselves. In this case you can throw in some nice fluffy words like 'compassion for animals', 'environmental impact' or 'cheaper food' and anyone struggling for answers with earlier subject matter can sigh in relief, get their pre-prepared lines ready and attempt to repair any damage their previous ignorance may have caused to their case. I'm cynical and I don't think this will change any time soon, especially with Tory shoe-ins as head of news at major media companies. Gary did extremely well, but as Carlin noted many years ago, "The table is tilted folks, the game is rigged." All anyone can do is keep trying and I'm very glad someone is. More power to him.
@@ethelminivery much so it seems! Gary talking about vast sums of the nation's wealth being 'disappeared' reminds me of a curious item a couple of years back, a Twitter commentator I seem to remember, who was praising the aesthetics of a box-chart they'd seen in the FT illustrating how a huge chunk of the nation's gold reserves had been spirited away out of the country by not even God knew whom or where to. Not a single word was devoted in the FT or the commentator to the significance and implications or speculation as to "whodunnit" and "why" of what was clearly considered to be a highly unusual 'event'.
he is wrong, in part - the money did not go to the richest only at all, it went on small businesses etc that got shut down so they could avoid bankruptcy etc... so its disingenuous to sya what he is saying. He talks about giving it to the NHS? the most wasteful entity ever to have existed in the UK outside of GOVT jesus. Any Rich business owner taking the govt money without needing it should be looked at... but to state only the richest got the money is a total lie
@@James_36 the point is that the money given to small business and anyone else has gone somewhere, and if you dont have &12,000 which is your share, then someone else does have it. If a small business gives it all to the bank to pay off a debt, then the bank has it, and banks are owned by shareholders and the biggest shareholders are the wealthiest people etc etc
@@James_36 You didn't understand anything from the videos did you? The money did end up in pockets of rich people. They are hoarding while the rest are suffering.
@@thierry1026 I understand it better than you do, he makes a dishonest claim and supporting small business makes much more sense than giving it to a load of poor people who are crap with money. Even if you gave the money to everyone his logic will also prove out to the the same result as the poor will waste it on crap and go to rich people anyhow? Think about it logically and without your ideology clouding your judgement
@@James_36 No, you straight up didn't understand it. What you claim should of happened, is exactly what Gary says actually hapenned, they gave the money to everyone. But it did end up in the hands of the rich people. We should of taxed rich people for the same ammount of new money they made, so houses wouldn't had become too pricey for the middle class, its simple.
@@iamthetinkerman Just start small via contacting your local member of parliament. Imagine if every person in your electorate, wrote just one email regarding an important political/social issue, it would amount to thousands of emails. It is easy to ignore one or a dozen emails, but not thousands, cc in your local newspaper, make it an issue. Start a neighbourhood petition. Go to council meetings…start getting family and friends involved. Other people are doing this too and this is how public pressure gains momentum. If the religious, the extreme left and right wing nutters can do it, so can regular people with more moderate and balanced views. We also need to remind ourselves that we elect people to government to provide public service. We do not elect them to tell us how to think, what to say, to act as our moral guardians or surrogate parents and they are not our rulers. A few months ago a conservative local council decided to remove books from a public library, that depicted same sex parents. The reason given was that these books did not represent the conservative and religious values of that particular council area. The ban was motivated by a dominant group of religious people in that area, who had difficulties with understanding freedom of expression in a secular democracy. When this issue became public knowledge the public response was swift and the books were back on the shelves within a fortnight.
The thing I liked most about your appearance on the BBC is that I first heard about it from my dad. He's been watching that show since he retired last March but the first time he ever mentioned it was to say that he saw "this young fella, he was great, he was talking about how much money we've given to the richest in society, 700 billion, and nobody knows where it's gone..." I chuckled and stopped him there 'cause it was clear who he was talking about.
Gary, love your unique story of becoming a trader and that because of your background you felt you couldn't just carry on doing it or retire quietly! Hats off to you, it must be almost unique for a successful city trader to speak out against the situation, to fight against the system rather than just ride the gravy train as far as you can. When I 've listened to you recently what it's made me realise is how few people in current positions of politic and financial power have sound money/economic knowledge and/or are from a more working class family, there is literally no one with the credentials to put a case forward, with your financial security and passionate altruistic stance, you do and I wish you all the best.
You did well on the BBC interview. Just bear in mind that in a way, you had the element of suprise - the people on that panel weren't used to answering that particular question. As awareness rises (a good thing), you'll come across set responses/ lines of attack eg the host did try the line of "you stopped trading in 2014."
Thanks Gary. We should also ask what has happened to National Debt. In 2010 when the Tories came to power it was around £1 trillion by Tory estimates, and that was after we bailed out the banks due to a cross-party decision. It's now over £2.8 trillion almost tripled in just 12 years, despite the dramatic cuts to public services. This a huge slice of our GDP.
Apparently it’s a political trend for the Tories to spend but put their blame on their view of reckless financial conduct by Labour. I believe every period of Tory government results in a greater National Debt. At least they’re consistent.
@Maureen Newman you know I hear that a lot ... It's ridiculous. But theb neoliberalism infects everything and no one is ever altruistic. Listen to yourself you reinforce it with such statements.
A large problem is that debt never gets repaid so it's a fallacy created by tories to justify starving the poor through spending cuts. Growing the economy would lower the dent to gdp ratio
The news often works by focusing on particular events and removing it from it's context. It actually makes bigger issues harder for the public to understand. It happens in economics, geo politics and war and other areas. Your chanel is brilliant in educating people. Thanks!
Adam Curtis, in Bitter Lake, explains the Blair Bush simplification of narratives into good and bad to sell policy. Remove critical thinking skills from the educational standard and it’s progressively easier to sell this over simplification. News is entertainment, not informative. Our descent into social media has blunted our capacity to have any attention span fit to actually assess the information we receive, and the multitude of outlets designed to polarise opinion around ideologies to validate their viewers opinions, has increased exponentially. You’re guaranteed within the world of social media, now informing traditional media, to find your views are validated, meaning you’re right. We’ve had our narcissism elevated by the steroid of social media. Narcissists are adept at switching roles at will to satiate their martyr and saviour complexes. Isn’t that how our media narratives on both traditional and social platforms are spun to keep us in a constant flux? I’m unsure that we’re being educated. We’re being indoctrinated. Because our comfort zone of prejudice is so easily supported we’re addicted to these false narratives. We’d rather be comfortable than face bitter realities. Whether the rich have benefitted or not isn’t the issue. It’s that trickle down economics is bankrupt. It only enriches the new middle. Oddly enough, the situation in life this commenter occupies.
'The News' is not a person, it's an abstraction. People decide what should be in the news So name and blame the news editors and media bosses. What are their politics?
I saw an interview with Carol Vordeman on this morning covering the Nadim Zahawi tax story, it’s frustrating presenters use trivial news like lab grown meat to end a debate, ending on a ‘light note’ we need more tough uncomfortable debates on television, people need to wake up. When we have MP’s running the country who are allowed to run second jobs taking their collective income into the millions and MP’s who are actively seeing to avoid tax how can we ever fix this issue? As an ex police officer I cannot believe the conflict of interest MP’s are allowed to have, I believe political candidates should be above all honest, accountable and transparent, sadly these seem to be values none of the cabinet hold. It makes me sad to watch PMQ’s watching politicians joke and laugh about issues that are effecting millions of households across the UK, we need people who represent hard working families. Keep doing the good work Gary 🙏
@@V.Ranger I agree, when you have investments and assets with a net worth of £10,000,000 + the main reason I believe one would accept a salary of £85,000-£150,000 is for power, status and political advantage.
It never ceases to amaze me that come election time how much of population vote for these clowns and are then shocked to discover how devious, greedy and corrupt they are.
Yep, I actually believe we should increase MP salaries to around 110 k and ban them from earning money from other sources, apart from perhaps if they appear on tv or sell a book, but these activities need to be approved by an independent elected committee. Being on boards should flat out be illegal.
@@mdaniels6311 I absolutely agree, I wouldn’t even object to them having higher salaries than that if it stopped politicians being corrupt by private interests and corporations. I also think the way they raise campaign needs changing, if the campaigns were funded by central government and not private donations we would remove a lot of market influence from the political space.
Brilliant stuff, Gary. The best contribution to Politics Live that I've ever seen. I've been waiting for someone with a media profile to say this kind of thing. When will real wages stop falling? When will house prices stop rising so fast? Etc. And how will these things be done? The questions are not even asked. You're so right. The big picture, the trends etc. are ignored. The tiny crumbs from the table get all the attention. The huge cakes that are passed out get none.
One of the most honest up front interviews / discussions I've seen on the BBC in a long time..I did leave a comment underneath it for people to check you out..Most I could do. All the best from North London.
Wonderful performance on Politics Live. Forceful and substantive. Simple message that none of the others could refute. The host tried to say at one point you’ve already made that point but you forcefully talked over her and made it again slightly differently an in a way that reinforces. I think this marks a point where the game is upping. Respect to you Gary. You are beginning to cut through. Congratulations on getting this far. I’m looking forward to the next videos that widen our understanding of the £700 billion and seeing where the next phase leads. You are definitely on to something here pal!
Well said Gary. We need to be far more Aggressive and Demanding of these Politicians, especially these tories who I feel are morally bankrupt. This is OUR Country NOT theirs and we need to claim it back.
It interests me greatly that something that should receive a degree of shock barely raises an eyebrow of the other panelists. It also surprised me that there wasn't even an attempt at a counter argument, all any of the other panelists or the host does is attempt to discuss something else or at least divert from the specifics of the topic.
Good point. It’s because they know that there is no such thing as objective truth in the ‘marketplace of ideas’. So Gary can talk in the way he did, with facts and figures and the other panellists can just chill, knowing Gary can be painted as a ‘lefty’ or they can just get some right wing crank on to argue the opposite and muddy the waters. The media is a cesspit which actively makes people in this country more stupid
The solutions lie only in transferring wealth back where its supposed to be, with the ordinary people simply living life, spending and stimulating, its what the economy is.. amongst the wealth accumulators. No amount of lies and propaganda from think tanks designed to mislead and hide these truths, is actually going to be successful in the long run, even with such little awareness and critical thinking throughout the majority of the population. Hence authoritarian measures to assure by the time there is a real resistance, it can be dealt with accordingly...those planning this, are completely confident going forward at this point, that nothing stands in the way of their intent. This is being seen as a permanent change for our economy/ society. Gary knows this.
Can't thank you enough as a poor person who is sick and needs the nhs and ca earn at moment. What you're doing is a service for all of us who have no voice. To get on the bbc was a coup!! Well Done Gary we are grateful to you ✌
Well done, Gary. People should write their MPs asking where has all the money gone? Where is it, who received it and who now has it? A full publicly open audit must be done and investigation should be carried out.
Once again you are the voice of reason. I'm absolutely sick to death of this con of a government. I'm spreading the word Gary, these crooks are vile. Thank you.
Thanks for this kind video. TH-cam offered it to me in the sidebar if that's any help in knowing this video is being offered around. Leaving a comment to help bump this up, because you have a strength and a focus I don't have. Thanks for keeping going. Subscribed!
Thanks for doing this Gary. I saw the interview and it was great to hear the ordinary persons point of view put forward well. I’ve been sharing your videos and talking about them to friends and family and they’ve had a good reception (except for one retired government economist-guess that’s not too much of a surprise, but I’m still working with her). Love your idea for follow up videos. Can’t wait to hear “where’s the money gone” chanted on the terraces! Please keep your message simple and don’t get distracted. Thanks again.
Have you heard the fabulous Smith and Burrows song 'When the Thames Froze'? There's a line in it which always gets me: 'God damn this government/Will they ever tell me where the money went?'. Even though it's over 10 years old now, that's a prescient couplet right there!
It should be “where’s our money gone” it’s not their money it’s our money. Enormous profits are being made by companies who are now saying they have to cut jobs. My job is looking shaky because they are looking at transferring it to India so they can cut the salaries.
Hi Gary. Love this question, incredibly important. Could I recommend a very succinct video that gets to the question in under 7 seconds and last no longer than 30 seconds for easy social sharing. Quick, to the point and inspires action.
It’s odd that you should mention this because just the other day, I misplaced 700 billion Canadian dollars. I know it is nowhere near the £s that the British government “lost”, but it is upsetting just the same. ;-) Keep up the great work! Cheers.
Perhaps you could explain Gary how much of that £700 billion you could at a 'guess estimate' remains in the UK in assets or whether a large proportion of it has ended up with Black Rock et al the global financial mafioso?
@@hilaryporter7841 Quite easy to say who has it, rich people, Turns out black rock and any global financial mafioso your talking about are all rich people.
@@hilaryporter7841 100% agree. Fingers must be pointed at the people who have this money. As far as I understand, knowing that wealth inequality has negative consequences for the vast majority of people, they have committed treason. ?
Surely we do know where much of it is - it would’ve been carefully put into offshore tax havens, very many of which are under British control. But this government is hardly likely to do anything about it since so many of the Tory donors who have given this government 15+ million already really wouldn’t appreciate redistributing their ill gotten gains to those who keep the country going i.e. nurses teachers, firefighters, railway workers, et cetera
Brilliant as always, Gary and Mohan Media. Your appearance on Politics Live (and possibly also The Moral Maze on R4) seems to have given this channel a shot in the arm. You normally get a couple of hundred Likes on your videos after a few days but this one is showing well over 1,000 Likes after just 2 hours. People seem to be talking about this more often on Twitter too (as far as I can see). It's definitely gaining traction. Keep on keeping on!
Glad you mentioned about doing a run of videos about the £700b - I was going to ask for a breakdown of where you think that money had gone (and, indeed, where it came from to begin with) because you're the first/only person I've heard mention it as an issue and I'd like a printer in where that numbers come from and how is been distributed.
Well when you consider that 1% of population in the UK owns 50% of the land and the richest pay proportionally the least tax it's not hard to see where that leads us.
I just heard about you. Came over here from Novara. Thank you for being so incredible. Your honesty and commitment to social responsibility, truth telling and education has restored my faith in humanity. The world needs good people out there and you are definitely one of them.
Top work Gary lad. A lot of people will call individual members of the government "stupid". Of course they are not, they are evil, duplicitous and greedy. They know full well where the money is, we all do. Keep on keeping on, you are making a big difference.
Gary, can you give us a costing breakdown of where this £700billion (so far) has come from so when we're asked we can defend the figure. Is it taxpayers money (Govt debt) and how has it gone to the rich ? It's a great soundbite and will gain traction if used often enough so we all have to understand exactly how it's happened and how we arrived at that figure (because the media and politicians WILL challenge it and we have to be able to explain it SIMPLY). Keep up the great work, the movement is growing, I want to see you get to over 1 million subscribers
Check Out the Videos he releases on this Channel, he dismantles every bullshit talking Point from Neoliberals Promote the channel and spread the Word Greetz from germany
What happened to the taxpayers alliance? They were banging on about single parents but what about the PPE contracts given to Tory friends, family. Transparency is required and we won’t get it. Gary is spot on he is a true patriot and robin hood.
A friend was telling me about a game of monopoly she played with 2 others. An hour or so into a game she and another friend were doing terribly, no cash left, very little property. As a group they decided to give everybody on the board an extra £1,000 to extend the play of the game. After one more round of the board, everyone was back in the same situation as before, except the winning player had an extra £3,000.
First I've heard of you today. To be honest an economist called Mark Blythe educated me on austerity and the massive redistribution of wealth that was about to transpire after the 08 crash way back in 2012. I've been speaking to deaf ears about it on social media, with friends and colleagues for years.
@@user-gc2wt3dx7q Are you asking for details about Mark Blyth ( without and e, sorry I spelt his name wrong in my comment above). Here's his wiki. en.wikipedia.org/wiki/Mark_Blyth
@@leejohnson3209 hi, no I know Mark's work. Was replying to Jimbob about 'Scots Mark' from Brown university. Had a look at their Econ faculty but couldn't see them. Assume another dept
It was hilarious, they though ex-trader ment you were as blindfolded and morally bankrupt as them. Thank you for proving them wrong on their own platform.
*WOW - 62K SUBS* been with you since about 5 or 6 k - it was a long old trek to 15k but it really seems to have taken off now - I guess the BBC interview got you quite a few - BRILLIANT.
@@cornishhh £2.3 billion to date the majority taken from existing expenditure primarily the military capital expenditure budget. Currently a significant proportion of this expenditure won't actually be accounted for or made as it has been largely made in the form of equipment donations that will require replacement at some future date.
@@cornishhh the issue isnt that the government spends money. the issue is all the money it pours into the hoards of the super rich. military equipment donated to ukraine is not causing the cost of living crisis, but the fact that a tiny minority of the population has an insane amount of spending power compared to everyone else is
@@awalkwithtilly6512 Gifting equipment designed to fight Russia to Ukraine so it can destroy Russias capability is a form of investment, if this leads to the collapse of Putins regime, not everything will require replacement as the thing the equipment was made for has been destroyed.
Replacing the military equipment donations will go to weapon manufacturers in the Uk. The owners of these companies are already rich and profiting from war. Therefore the government is still giving money to the rich.
Thanks Gary. Your videos are so great I give them a thumbs up as soon as I start watching as I’m that certain I’ll enjoy and benefit from them. Keep it up 👍🏼
Really good analysis. I'm from across the pond. The big difference here is our conservatives know the covid money went to the rich and they are happy about it and think it would be bad to take it away. The way they convince the poor and middle class here to not tax wealth and be conservative is to say "You can be wealthy too and when you get there we won't tax you either." The trick is that the poor and middle class in general will not even get close. Thanks for all you do
Thanks, Gary. Enjoy your videos and glad to hear you'll be following up with some more in depth analyses on the upwards flow of wealth. I think a lot of us would really appreciate a presentation of the drier, but essential, nitty-gritty hard facts and data to support the general description of current economic climate, both domestically and globally, and general trend towards wealth inequality. Cheers.
Ask any Minister or MP if they are better off now, than they were 10 years ago and watch their souls leave their bodies as they try to scrape together a deflection. Then ask them where their money is held in tax havens and assets. If you really want to turn them into a puddle on the floor, tell them that the people are coming for ALL of their assets and wealth, if it’s not held in a declared UK bank account which is made public. In France, all public servants have their incomes published on noticeboards on the town square. If one of them suddenly appears in an Instagram shot on a tropical beach/yacht/flashy car etc, questions are asked.
France owns tax havens too. They are offshore, and not affected by French domestic law. For example, check out St. Barts in the Carribean. No income or Corporation Tax, only Services Taxation to pay for the infrastructure.
@@BigHenFor agreed. My point being that if all public servants, their relations and those whose services they employ were compelled to publish their HMRC declarations, anything else they had would be obvious. Tax havens will be banned in UK once it becomes a tax haven itself; the main purpose of Brexit!
Brilliant channel….only just stumbled across it …..but I will be watching each and every video I thank you for your much needed voice …and for sharing your knowledge and insights
I think the BBC prefer their anti Tory commentators to be more openly ("literally a communist") dumb enough to say things the average voter is afraid of..
@@alfsmith4936 you’re implying Ash Sarkar is ‘dumb’ for having political beliefs you don’t agree with and being honest enough to state them on TV? Criticising a young British Asian woman rather than, for eg the right-wing zealots regularly invited on to our tax-funded BBC, supposedly unbiased news, to spew their fascist bile… I couldn’t be further from your ‘average voter’ Alf and I’m not afraid of speaking up.
@@BeccaAl No I'm not.. I'm saying the BBC know the average voter is scared of the words Communism and Socialism and Novara/Owen Jones will happily shout "I'm a Communist" when prompted.
OMG you were amazing, I wish more people like you we’re about to hold these clowns to account. Seriously, a big thank you and keep doing what you’re doing.
Politics is all about the redistribution of wealth. Workers who create the wealth have been robbed since the industrial revolution and presently the momentum is greater and the despair is greater. When the peasants stop voting for it, it will be an improvement but essentially Westminster politics do not work.
I'm confused. Politics is the art of managing competing interests, in the case of UK government it is managing competing interests around a common goal. You're wrong what politics is, but the conservatives aren't really bothered about the nation's common goals, as they have their own and that might include money, maybe even all the money.
Just the 30-40 billion they wasted on an unfit for purpose track & trace system was around triple the total accumulated cost of every NASA Mars mission from the Viking missions of the late 70s, to the latest Mars rover mission of the late 2010s. Since when did it cost 3x more to set up a national database for disease testing than sending numerous rockets, probes & landers to Mars? Then multiply that by 20😮
I absolutely loved seeing you on there, same when I see Owen or Ash telling them the facts. It's sometimes the only time we see someone cut through their crap
Great video and I’ve just subscribed to your channel. I will definitely be sharing this with my kids and colleagues at work. You describe economics in a simple way that even I can understand.
The BBC politics show always seem to have a member of the Institute of Economics Affairs on their program. This organisation is basically a secret, charity status Griffin St lobbying organisation. Truss used members as economic advisers for her budget. Despite the fact that their policy crashed the economy, they ARE STILL used to influence polical conversation.
The wealth gap is now simply staggering and it's hard to understand how the additional income is making a difference at the top, given the already carefree, subsidised, fully expensed existence our politicians already enjoy. What they are doing is borderline criminal, and the majority of our leaders are utterly lacking in care, empathy or perspective. I don't see anything changing unless they are forced out, forced to return what they have stolen from the taxpayers and new transparent policies introduced to stop this from happening again
Gary, I think one problem was that the panel didn’t understand why the money ended up with the rich during the pandemic (like me before I started to watch this channel). They were all surprised and wondering where you got that number.
i think you saying £250 and then correcting to £700 might have been a mistake but it really works to underline how bad it is. a listener gets hit by the 250 and thinks oh my god. then gets hit by the 700 and is floored
Gary, I respect your work and ambition. I constantly look to the main media political figures and think why are they not asking some many more important questions and this area is one of them. I also note, we already know thanks to IFS, approximately top 300k UK households (top 1%) take 10% of UK household expenditure. Furlough alone was £200bn, so we know for sure that is £20bn went to the top 400k households…..what about the other 39.6m households? Then they raised N.I to pay for social care...and didn’t increase income tax thresholds…
Hey Gary, you are someone who actually gives me a glimmer of hope for humanity because of your life experiences and genuine care of inequality. Would you ever consider being part of the panel on the BBC's Question time? Or is that too out-of-touch with younger viewers nowadays?
He should do BBC QT, it will raise the bar and profile for him. I think Politics Live is for the older classes as it is normally broadcast around noon.
Another banger Gary and great performance on the BBC. Was the 700 billion got through quantitative easing, borrowing or both? I think thats a good thing to bring up every time it's mentioned, get that thread from start to finish
£700billion is the total increase in government debt since COVID
tradingeconomics.com/united-kingdom/government-debt#:~:text=Government%20Debt%20in%20the%20United%20Kingdom%20averaged%20900.77%20GBP%20Billion,Billion%20in%20March%20of%201975
The very first video on this channel explains how it ended up with the richest
th-cam.com/video/EiblHqbpXHst/w-d-xo.htmlhe
Let me know if you have more questions on this as i will be doing a video on it soon....
Brilliant thanks Gary!
Well done Gary boy👏😉
Since the end of the gold standard in 1971 the wealth and income gap has grown because wages and savings followed CPI instead of money supply growth (real inflationl).
If you want to know where it went put a freedom of information request into the Office for National Statistics (ONS) that's their job. I think most of it went to big pharma, and the furlough scheme.
Hello Gary, how does this relate to the USA also having the biggest debt in history with foreign states selling off reserve stocks in US and the massive amount of gold that China has been getting their hands on in recent times?
Excellent participation on Politics Live - I loved your astonishment at the end when they nonchalantly discussed test tube meat 🙄... you couldn't believe the subject change when we are trudging through such corruption, chaos, mayhem...
Completely agree with all of that.
We are in a cost of living crisis that's going to affect generation upon generation and then they start talking about whether you would eat factory created mix of some chemicals.
A swerve mood to disrupt thoughts about the seriousness of what Gary was trying to talk about.
It is astonishing that the IEA is expressing an interest in tackling hunger and the climate crisis with lab grown meat. It's not astonishing that the real reason they're promoting it is to make a case for wholesale deregulation. Thanks for cutting through it Gary, you are doing a fantastic job.
@@carole8708 the idea that lab grown meat would solve either issue is laughable. its a neat technology and certainly a more ethical source of meat if you think animals are worthy of moral consideration, but its not gonna be more efficient than another novel technology i heard of called agriculture
A basic cheat in debating is to change the subject. This fits perfectly with the format of many politics programmes and seems to be utilised as a distraction - I'll leave you to decide if it's 'just the format' or if there are other, more manipulative reasons that involve the programme makers themselves.
In this case you can throw in some nice fluffy words like 'compassion for animals', 'environmental impact' or 'cheaper food' and anyone struggling for answers with earlier subject matter can sigh in relief, get their pre-prepared lines ready and attempt to repair any damage their previous ignorance may have caused to their case.
I'm cynical and I don't think this will change any time soon, especially with Tory shoe-ins as head of news at major media companies. Gary did extremely well, but as Carlin noted many years ago, "The table is tilted folks, the game is rigged." All anyone can do is keep trying and I'm very glad someone is. More power to him.
@@PortilloMoment It's not the format! I'm glad you pointed it out...
This is actually the first time I've heard someone come up with an action against corruption in the establishment. Well done and more power to you
It's worse than that - It isn't corrupt, this is how the system is set up to work.
@@ethelminivery much so it seems! Gary talking about vast sums of the nation's wealth being 'disappeared' reminds me of a curious item a couple of years back, a Twitter commentator I seem to remember, who was praising the aesthetics of a box-chart they'd seen in the FT illustrating how a huge chunk of the nation's gold reserves had been spirited away out of the country by not even God knew whom or where to. Not a single word was devoted in the FT or the commentator to the significance and implications or speculation as to "whodunnit" and "why" of what was clearly considered to be a highly unusual 'event'.
Now imagine if all Brits stood up and did what Gary does.
not on the bbc you wonte.
@@bannol1shame that everyone thinks they are smarter than the next and have a weird habit of trying to prove it before doing anything else
Total respect to you Gary. It sickens me that they try and say you are wrong.
he is wrong, in part - the money did not go to the richest only at all, it went on small businesses etc that got shut down so they could avoid bankruptcy etc... so its disingenuous to sya what he is saying. He talks about giving it to the NHS? the most wasteful entity ever to have existed in the UK outside of GOVT jesus. Any Rich business owner taking the govt money without needing it should be looked at... but to state only the richest got the money is a total lie
@@James_36 the point is that the money given to small business and anyone else has gone somewhere, and if you dont have &12,000 which is your share, then someone else does have it. If a small business gives it all to the bank to pay off a debt, then the bank has it, and banks are owned by shareholders and the biggest shareholders are the wealthiest people etc etc
@@James_36 You didn't understand anything from the videos did you? The money did end up in pockets of rich people.
They are hoarding while the rest are suffering.
@@thierry1026 I understand it better than you do, he makes a dishonest claim and supporting small business makes much more sense than giving it to a load of poor people who are crap with money. Even if you gave the money to everyone his logic will also prove out to the the same result as the poor will waste it on crap and go to rich people anyhow? Think about it logically and without your ideology clouding your judgement
@@James_36 No, you straight up didn't understand it.
What you claim should of happened, is exactly what Gary says actually hapenned, they gave the money to everyone. But it did end up in the hands of the rich people.
We should of taxed rich people for the same ammount of new money they made, so houses wouldn't had become too pricey for the middle class, its simple.
We need more people like you standing up and telling the truth.
You can do your part too. A democracy requires public participation from everyone above and beyond going to the polls.
off you go then
@@iamthetinkerman Just start small via contacting your local member of parliament. Imagine if every person in your electorate, wrote just one email regarding an important political/social issue, it would amount to thousands of emails. It is easy to ignore one or a dozen emails, but not thousands, cc in your local newspaper, make it an issue. Start a neighbourhood petition. Go to council meetings…start getting family and friends involved. Other people are doing this too and this is how public pressure gains momentum. If the religious, the extreme left and right wing nutters can do it, so can regular people with more moderate and balanced views. We also need to remind ourselves that we elect people to government to provide public service. We do not elect them to tell us how to think, what to say, to act as our moral guardians or surrogate parents and they are not our rulers.
A few months ago a conservative local council decided to remove books from a public library, that depicted same sex parents. The reason given was that these books did not represent the conservative and religious values of that particular council area. The ban was motivated by a dominant group of religious people in that area, who had difficulties with understanding freedom of expression in a secular democracy. When this issue became public knowledge the public response was swift and the books were back on the shelves within a fortnight.
@@markshaz8691 many people have already spoken the truth on this and alot of people, mostly leftists shunned it as conspiracy as they usually do.
Excellent performance on the BBC. Great to see a debrief like this
The thing I liked most about your appearance on the BBC is that I first heard about it from my dad. He's been watching that show since he retired last March but the first time he ever mentioned it was to say that he saw "this young fella, he was great, he was talking about how much money we've given to the richest in society, 700 billion, and nobody knows where it's gone..." I chuckled and stopped him there 'cause it was clear who he was talking about.
Who was he talking about?
I'm So Fortunate my son 'spread the word' & recommend your chanel to me. Now, I am recommending to others. Thank you Gary
Gary, love your unique story of becoming a trader and that because of your background you felt you couldn't just carry on doing it or retire quietly! Hats off to you, it must be almost unique for a successful city trader to speak out against the situation, to fight against the system rather than just ride the gravy train as far as you can. When I 've listened to you recently what it's made me realise is how few people in current positions of politic and financial power have sound money/economic knowledge and/or are from a more working class family, there is literally no one with the credentials to put a case forward, with your financial security and passionate altruistic stance, you do and I wish you all the best.
Spot on - how refreshing to have someone talking straight.
More power to your elbow. Great work, thanks for standing up.
You did well on the BBC interview. Just bear in mind that in a way, you had the element of suprise - the people on that panel weren't used to answering that particular question. As awareness rises (a good thing), you'll come across set responses/ lines of attack eg the host did try the line of "you stopped trading in 2014."
Thanks Gary. We should also ask what has happened to National Debt. In 2010 when the Tories came to power it was around £1 trillion by Tory estimates, and that was after we bailed out the banks due to a cross-party decision. It's now over £2.8 trillion almost tripled in just 12 years, despite the dramatic cuts to public services. This a huge slice of our GDP.
Apparently it’s a political trend for the Tories to spend but put their blame on their view of reckless financial conduct by Labour. I believe every period of Tory government results in a greater National Debt. At least they’re consistent.
It's non govt savings to the penny.
Most politicians are in it for their own benefits , like to see their bank balances before and after ,also their off shore tax avoidance
@Maureen Newman you know I hear that a lot ... It's ridiculous. But theb neoliberalism infects everything and no one is ever altruistic. Listen to yourself you reinforce it with such statements.
A large problem is that debt never gets repaid so it's a fallacy created by tories to justify starving the poor through spending cuts. Growing the economy would lower the dent to gdp ratio
The news often works by focusing on particular events and removing it from it's context. It actually makes bigger issues harder for the public to understand. It happens in economics, geo politics and war and other areas.
Your chanel is brilliant in educating people. Thanks!
Adam Curtis, in Bitter Lake, explains the Blair Bush simplification of narratives into good and bad to sell policy. Remove critical thinking skills from the educational standard and it’s progressively easier to sell this over simplification. News is entertainment, not informative. Our descent into social media has blunted our capacity to have any attention span fit to actually assess the information we receive, and the multitude of outlets designed to polarise opinion around ideologies to validate their viewers opinions, has increased exponentially. You’re guaranteed within the world of social media, now informing traditional media, to find your views are validated, meaning you’re right. We’ve had our narcissism elevated by the steroid of social media. Narcissists are adept at switching roles at will to satiate their martyr and saviour complexes. Isn’t that how our media narratives on both traditional and social platforms are spun to keep us in a constant flux?
I’m unsure that we’re being educated. We’re being indoctrinated. Because our comfort zone of prejudice is so easily supported we’re addicted to these false narratives. We’d rather be comfortable than face bitter realities. Whether the rich have benefitted or not isn’t the issue. It’s that trickle down economics is bankrupt. It only enriches the new middle. Oddly enough, the situation in life this commenter occupies.
'The News' is not a person, it's an abstraction. People decide what should be in the news So name and blame the news editors and media bosses. What are their politics?
Really appreciate you man! We need more of you holding orgs like the BBC accountable.
I saw an interview with Carol Vordeman on this morning covering the Nadim Zahawi tax story, it’s frustrating presenters use trivial news like lab grown meat to end a debate, ending on a ‘light note’ we need more tough uncomfortable debates on television, people need to wake up. When we have MP’s running the country who are allowed to run second jobs taking their collective income into the millions and MP’s who are actively seeing to avoid tax how can we ever fix this issue? As an ex police officer I cannot believe the conflict of interest MP’s are allowed to have, I believe political candidates should be above all honest, accountable and transparent, sadly these seem to be values none of the cabinet hold. It makes me sad to watch PMQ’s watching politicians joke and laugh about issues that are effecting millions of households across the UK, we need people who represent hard working families. Keep doing the good work Gary 🙏
@@V.Ranger I agree, when you have investments and assets with a net worth of £10,000,000 + the main reason I believe one would accept a salary of £85,000-£150,000 is for power, status and political advantage.
It never ceases to amaze me that come election time how much of population vote for these clowns and are then shocked to discover how devious, greedy and corrupt they are.
Lol as if
Yep, I actually believe we should increase MP salaries to around 110 k and ban them from earning money from other sources, apart from perhaps if they appear on tv or sell a book, but these activities need to be approved by an independent elected committee. Being on boards should flat out be illegal.
@@mdaniels6311 I absolutely agree, I wouldn’t even object to them having higher salaries than that if it stopped politicians being corrupt by private interests and corporations. I also think the way they raise campaign needs changing, if the campaigns were funded by central government and not private donations we would remove a lot of market influence from the political space.
Brilliant stuff, Gary. The best contribution to Politics Live that I've ever seen. I've been waiting for someone with a media profile to say this kind of thing. When will real wages stop falling? When will house prices stop rising so fast? Etc. And how will these things be done? The questions are not even asked. You're so right. The big picture, the trends etc. are ignored. The tiny crumbs from the table get all the attention. The huge cakes that are passed out get none.
One of the most honest up front interviews / discussions I've seen on the BBC in a long time..I did leave a comment underneath it for people to check you out..Most I could do.
All the best from North London.
Wonderful performance on Politics Live. Forceful and substantive. Simple message that none of the others could refute. The host tried to say at one point you’ve already made that point but you forcefully talked over her and made it again slightly differently an in a way that reinforces. I think this marks a point where the game is upping. Respect to you Gary. You are beginning to cut through. Congratulations on getting this far.
I’m looking forward to the next videos that widen our understanding of the £700 billion and seeing where the next phase leads.
You are definitely on to something here pal!
Thank you for speaking up for a lot who don’t have the opportunity to.👏
You did the country proud, Gary. Sad the government, corporate and large media outlets are in it together to shut any dissent down
Let's keep this momentum going!
Well said Gary. We need to be far more Aggressive and Demanding of these Politicians, especially these tories who I feel are morally bankrupt. This is OUR Country NOT theirs and we need to claim it back.
It interests me greatly that something that should receive a degree of shock barely raises an eyebrow of the other panelists.
It also surprised me that there wasn't even an attempt at a counter argument, all any of the other panelists or the host does is attempt to discuss something else or at least divert from the specifics of the topic.
Good point. It’s because they know that there is no such thing as objective truth in the ‘marketplace of ideas’. So Gary can talk in the way he did, with facts and figures and the other panellists can just chill, knowing Gary can be painted as a ‘lefty’ or they can just get some right wing crank on to argue the opposite and muddy the waters. The media is a cesspit which actively makes people in this country more stupid
The solutions lie only in transferring wealth back where its supposed to be, with the ordinary people simply living life, spending and stimulating, its what the economy is.. amongst the wealth accumulators.
No amount of lies and propaganda from think tanks designed to mislead and hide these truths, is actually going to be successful in the long run, even with such little awareness and critical thinking throughout the majority of the population.
Hence authoritarian measures to assure by the time there is a real resistance, it can be dealt with accordingly...those planning this, are completely confident going forward at this point, that nothing stands in the way of their intent.
This is being seen as a permanent change for our economy/ society.
Gary knows this.
That’s because they read from a script and don’t want to upset their masters.
Great point
Do not be surprised. it's TV.
Can't thank you enough as a poor person who is sick and needs the nhs and ca earn at moment. What you're doing is a service for all of us who have no voice. To get on the bbc was a coup!! Well Done Gary we are grateful to you ✌
Well done, Gary. People should write their MPs asking where has all the money gone? Where is it, who received it and who now has it? A full publicly open audit must be done and investigation should be carried out.
Once again you are the voice of reason.
I'm absolutely sick to death of this con of a government.
I'm spreading the word Gary, these crooks are vile.
Thank you.
Thanks for this kind video. TH-cam offered it to me in the sidebar if that's any help in knowing this video is being offered around. Leaving a comment to help bump this up, because you have a strength and a focus I don't have. Thanks for keeping going. Subscribed!
You warm my heart and bring tears to my eyes - so appreciate of u Gary, keep pummelling those heartless human creatures. 🙏❤
Thanks for doing this Gary. I saw the interview and it was great to hear the ordinary persons point of view put forward well. I’ve been sharing your videos and talking about them to friends and family and they’ve had a good reception (except for one retired government economist-guess that’s not too much of a surprise, but I’m still working with her). Love your idea for follow up videos. Can’t wait to hear “where’s the money gone” chanted on the terraces! Please keep your message simple and don’t get distracted. Thanks again.
Have you heard the fabulous Smith and Burrows song 'When the Thames Froze'? There's a line in it which always gets me: 'God damn this government/Will they ever tell me where the money went?'. Even though it's over 10 years old now, that's a prescient couplet right there!
It should be “where’s our money gone” it’s not their money it’s our money.
Enormous profits are being made by companies who are now saying they have to cut jobs. My job is looking shaky because they are looking at transferring it to India so they can cut the salaries.
Look at their faces!!! when Gary says 'Is it leveling up when you give a poor person £2.50 and a rich person £700 pounds!! What a picture!
Top Man Gary , it takes a brave person to put their head above the parapet on this subject.
I’m here because I saw you on the telly
Great guy !
Hi Gary. Love this question, incredibly important. Could I recommend a very succinct video that gets to the question in under 7 seconds and last no longer than 30 seconds for easy social sharing. Quick, to the point and inspires action.
It’s odd that you should mention this because just the other day, I misplaced 700 billion Canadian dollars. I know it is nowhere near the £s that the British government “lost”, but it is upsetting just the same. ;-) Keep up the great work! Cheers.
Thank You Gary, you're the best!
More people nee to understand this Gary - respect to you for keeping this issue alive......thank you - Keep up the great work.
Perhaps you could explain Gary how much of that £700 billion you could at a 'guess estimate' remains in the UK in assets or whether a large proportion of it has ended up with Black Rock et al the global financial mafioso?
How important really is that? Whats important is to get people to know its even gone.
@@BigHenFor To make the effort to get it back, they first need to know who has it, then devise a scheme to best tackle a fair retrieval.
@@hilaryporter7841 Quite easy to say who has it, rich people,
Turns out black rock and any global financial mafioso your talking about are all rich people.
@@hilaryporter7841 100% agree. Fingers must be pointed at the people who have this money. As far as I understand, knowing that wealth inequality has negative consequences for the vast majority of people, they have committed treason. ?
Surely we do know where much of it is - it would’ve been carefully put into offshore tax havens, very many of which are under British control. But this government is hardly likely to do anything about it since so many of the Tory donors who have given this government 15+ million already really wouldn’t appreciate redistributing their ill gotten gains to those who keep the country going i.e. nurses teachers, firefighters, railway workers, et cetera
Brilliant as always, Gary and Mohan Media. Your appearance on Politics Live (and possibly also The Moral Maze on R4) seems to have given this channel a shot in the arm. You normally get a couple of hundred Likes on your videos after a few days but this one is showing well over 1,000 Likes after just 2 hours. People seem to be talking about this more often on Twitter too (as far as I can see). It's definitely gaining traction. Keep on keeping on!
Glad you mentioned about doing a run of videos about the £700b - I was going to ask for a breakdown of where you think that money had gone (and, indeed, where it came from to begin with) because you're the first/only person I've heard mention it as an issue and I'd like a printer in where that numbers come from and how is been distributed.
That that hard to your question where the money come from government only capital is us...the taxpayers
yup, it came from us.
Well when you consider that 1% of population in the UK owns 50% of the land and the richest pay proportionally the least tax it's not hard to see where that leads us.
I just heard about you. Came over here from Novara. Thank you for being so incredible. Your honesty and commitment to social responsibility, truth telling and education has restored my faith in humanity. The world needs good people out there and you are definitely one of them.
Keep talking Gary they have to listen eventually. Great video 👏👏 thank you 🥰
Top work Gary lad.
A lot of people will call individual members of the government "stupid". Of course they are not, they are evil, duplicitous and greedy. They know full well where the money is, we all do.
Keep on keeping on, you are making a big difference.
Gary, can you give us a costing breakdown of where this £700billion (so far) has come from so when we're asked we can defend the figure. Is it taxpayers money (Govt debt) and how has it gone to the rich ? It's a great soundbite and will gain traction if used often enough so we all have to understand exactly how it's happened and how we arrived at that figure (because the media and politicians WILL challenge it and we have to be able to explain it SIMPLY). Keep up the great work, the movement is growing, I want to see you get to over 1 million subscribers
Check Out the Videos he releases on this Channel, he dismantles every bullshit talking Point from Neoliberals
Promote the channel and spread the Word
Greetz from germany
Excellent point a fully explained back up of the position would be useful in discussing the subject.
Spot on!
What happened to the taxpayers alliance? They were banging on about single parents but what about the PPE contracts given to Tory friends, family. Transparency is required and we won’t get it. Gary is spot on he is a true patriot and robin hood.
A friend was telling me about a game of monopoly she played with 2 others. An hour or so into a game she and another friend were doing terribly, no cash left, very little property. As a group they decided to give everybody on the board an extra £1,000 to extend the play of the game. After one more round of the board, everyone was back in the same situation as before, except the winning player had an extra £3,000.
You are doing a great job Gary and it seems your message is getting through. Thankyou for your persistence in hammering these facts home.
First I've heard of you today. To be honest an economist called Mark Blythe educated me on austerity and the massive redistribution of wealth that was about to transpire after the 08 crash way back in 2012. I've been speaking to deaf ears about it on social media, with friends and colleagues for years.
Scots Mark from Brown U, lecturing in America is awesome...
you might have a look at Gary's lengthy interview with Aaron Bastani on A Different Bias. it is, shall we say, highly educational.
@@jimbob-robob any more details, looked up and can't see them, thanks
@@user-gc2wt3dx7q Are you asking for details about Mark Blyth ( without and e, sorry I spelt his name wrong in my comment above).
Here's his wiki. en.wikipedia.org/wiki/Mark_Blyth
@@leejohnson3209 hi, no I know Mark's work. Was replying to Jimbob about 'Scots Mark' from Brown university. Had a look at their Econ faculty but couldn't see them. Assume another dept
Yes Gary! Thanks for using your platform to discuss this! Doing what I can to spread the message
It was hilarious, they though ex-trader ment you were as blindfolded and morally bankrupt as them.
Thank you for proving them wrong on their own platform.
Join forces with Economics Help to sharpen the message. Keep them coming
Thanks for all you are doing, Gary
Good to see someone speaking financial sense 😀
Excellent video. Very articulate and certainly informative.
Just subscribed. I look forward to more videos
good work getting the word out and getting yourself in front of more of the public
Thanks Gary for letting us know the truth about government sleaze. I have shared your post already and I hope everyone does the same!
*WOW - 62K SUBS* been with you since about 5 or 6 k - it was a long old trek to 15k but it really seems to have taken off now - I guess the BBC interview got you quite a few - BRILLIANT.
You are a legend Gary. God bless you.
When they can't afford to pay the Nurses. Where's the £700 billion gone who's got that because it's not Nurses?
How much money has gone to Ukraine?
@@cornishhh £2.3 billion to date the majority taken from existing expenditure primarily the military capital expenditure budget. Currently a significant proportion of this expenditure won't actually be accounted for or made as it has been largely made in the form of equipment donations that will require replacement at some future date.
@@cornishhh the issue isnt that the government spends money. the issue is all the money it pours into the hoards of the super rich. military equipment donated to ukraine is not causing the cost of living crisis, but the fact that a tiny minority of the population has an insane amount of spending power compared to everyone else is
@@awalkwithtilly6512 Gifting equipment designed to fight Russia to Ukraine so it can destroy Russias capability is a form of investment, if this leads to the collapse of Putins regime, not everything will require replacement as the thing the equipment was made for has been destroyed.
Replacing the military equipment donations will go to weapon manufacturers in the Uk. The owners of these companies are already rich and profiting from war. Therefore the government is still giving money to the rich.
Just subscribed. How refreshing to hear logical, direct and ethical views on this subject.
You’ve given me hope for the future. Thank you.
Thanks Gary. Your videos are so great I give them a thumbs up as soon as I start watching as I’m that certain I’ll enjoy and benefit from them. Keep it up 👍🏼
Well done Gary we do need a mantra, feel so helpless whilst they just perfect their crimes in plain sight
Heartfelt gratitude people like Gary exist
I laughed so hard when you called out the IEA for talking about test tube meat, it was fucking jokes. Even the IEA lady smirked.
Really good analysis. I'm from across the pond. The big difference here is our conservatives know the covid money went to the rich and they are happy about it and think it would be bad to take it away. The way they convince the poor and middle class here to not tax wealth and be conservative is to say "You can be wealthy too and when you get there we won't tax you either." The trick is that the poor and middle class in general will not even get close. Thanks for all you do
Amazing work, Gary! I'd get used to the lack of response to your points. They don't have a leg to stand on.
There will always be a lack of substantive responses. Expect them to be honing their whataboutism and personal attacks as we speak!
Keep up the good work Gary. Liked & subbed
Great Gary, really great. Things in time could actually change.
Keep going Gary, there’s so many people behind you and the hope of future generations rooting for you!
Thanks, Gary. Enjoy your videos and glad to hear you'll be following up with some more in depth analyses on the upwards flow of wealth. I think a lot of us would really appreciate a presentation of the drier, but essential, nitty-gritty hard facts and data to support the general description of current economic climate, both domestically and globally, and general trend towards wealth inequality. Cheers.
Great to see you on the Beeb, Gary! And well done for almost getting through an entire bit without mentioning house prices!
Ask any Minister or MP if they are better off now, than they were 10 years ago and watch their souls leave their bodies as they try to scrape together a deflection. Then ask them where their money is held in tax havens and assets. If you really want to turn them into a puddle on the floor, tell them that the people are coming for ALL of their assets and wealth, if it’s not held in a declared UK bank account which is made public. In France, all public servants have their incomes published on noticeboards on the town square. If one of them suddenly appears in an Instagram shot on a tropical beach/yacht/flashy car etc, questions are asked.
France owns tax havens too. They are offshore, and not affected by French domestic law. For example, check out St. Barts in the Carribean. No income or Corporation Tax, only Services Taxation to pay for the infrastructure.
@@BigHenFor agreed. My point being that if all public servants, their relations and those whose services they employ were compelled to publish their HMRC declarations, anything else they had would be obvious. Tax havens will be banned in UK once it becomes a tax haven itself; the main purpose of Brexit!
Brilliant channel….only just stumbled across it …..but I will be watching each and every video
I thank you for your much needed voice …and for sharing your knowledge and insights
Watching you watch you ☺️
Well done Gary, doing what you set out to do. Hope the BBC have you back again and again!
I think the BBC prefer their anti Tory commentators to be more openly ("literally a communist") dumb enough to say things the average voter is afraid of..
@@alfsmith4936 you’re implying Ash Sarkar is ‘dumb’ for having political beliefs you don’t agree with and being honest enough to state them on TV? Criticising a young British Asian woman rather than, for eg the right-wing zealots regularly invited on to our tax-funded BBC, supposedly unbiased news, to spew their fascist bile… I couldn’t be further from your ‘average voter’ Alf and I’m not afraid of speaking up.
@@BeccaAl No I'm not.. I'm saying the BBC know the average voter is scared of the words Communism and Socialism and Novara/Owen Jones will happily shout "I'm a Communist" when prompted.
OMG you were amazing, I wish more people like you we’re about to hold these clowns to account. Seriously, a big thank you and keep doing what you’re doing.
Politics is all about the redistribution of wealth. Workers who create the wealth have been robbed since the industrial revolution and presently the momentum is greater and the despair is greater. When the peasants stop voting for it, it will be an improvement but essentially Westminster politics do not work.
And before that they stole your land and made you a serf
I'm confused. Politics is the art of managing competing interests, in the case of UK government it is managing competing interests around a common goal. You're wrong what politics is, but the conservatives aren't really bothered about the nation's common goals, as they have their own and that might include money, maybe even all the money.
Well done.Top Man
Every time national debt is discussed, ask where approximately one third of the national debt has gone, the £700 billion that has been spent...
It's an astonishing amount of money!
@@alfredotebasco truly astonishing.
@@alfredotebasco maybe it should be put on the side of a bus....
Just the 30-40 billion they wasted on an unfit for purpose track & trace system was around triple the total accumulated cost of every NASA Mars mission from the Viking missions of the late 70s, to the latest Mars rover mission of the late 2010s. Since when did it cost 3x more to set up a national database for disease testing than sending numerous rockets, probes & landers to Mars?
Then multiply that by 20😮
I have posted 2 further comments on here but TH-cam are clearly deleting them! 😒
Nice one Gary! Keep educating us and speaking up!
I absolutely loved seeing you on there, same when I see Owen or Ash telling them the facts. It's sometimes the only time we see someone cut through their crap
Great video and I’ve just subscribed to your channel. I will definitely be sharing this with my kids and colleagues at work. You describe economics in a simple way that even I can understand.
They’ll just talk about offshore but the truth is people don’t hide from taxes that don’t exist
Thank you for your message and doing what you do.
The BBC politics show always seem to have a member of the Institute of Economics Affairs on their program. This organisation is basically a secret, charity status Griffin St lobbying organisation. Truss used members as economic advisers for her budget. Despite the fact that their policy crashed the economy, they ARE STILL used to influence polical conversation.
Great work. I've used this point in a letter to my MP
You have the right approach Gary -
get your viewers to use social media
to strengthen our cause
Thanks and keep us updated.
The wealth gap is now simply staggering and it's hard to understand how the additional income is making a difference at the top, given the already carefree, subsidised, fully expensed existence our politicians already enjoy. What they are doing is borderline criminal, and the majority of our leaders are utterly lacking in care, empathy or perspective. I don't see anything changing unless they are forced out, forced to return what they have stolen from the taxpayers and new transparent policies introduced to stop this from happening again
So happy I found this thank you
Gary, I think one problem was that the panel didn’t understand why the money ended up with the rich during the pandemic (like me before I started to watch this channel). They were all surprised and wondering where you got that number.
you are too kind. I do not believe they did not understand that.
Keep the good fight. You are fantastic
i think you saying £250 and then correcting to £700 might have been a mistake but it really works to underline how bad it is. a listener gets hit by the 250 and thinks oh my god. then gets hit by the 700 and is floored
Gary, I respect your work and ambition. I constantly look to the main media political figures and think why are they not asking some many more important questions and this area is one of them. I also note, we already know thanks to IFS, approximately top 300k UK households (top 1%) take 10% of UK household expenditure. Furlough alone was £200bn, so we know for sure that is £20bn went to the top 400k households…..what about the other 39.6m households? Then they raised N.I to pay for social care...and didn’t increase income tax thresholds…
Big up Gary. Great channel. :)
Hey Gary, you are someone who actually gives me a glimmer of hope for humanity because of your life experiences and genuine care of inequality. Would you ever consider being part of the panel on the BBC's Question time? Or is that too out-of-touch with younger viewers nowadays?
He should do BBC QT, it will raise the bar and profile for him. I think Politics Live is for the older classes as it is normally broadcast around noon.
@@jungleboy1 I agree and did also post it on here but for some reason it was removed. 🤔
My bad! It's now there. I originally posted it as 2 separate comments but clearly TH-cam has integrated it 🤐
Class mate
Please don’t stop making your voice heard Gary ❤ we working class need a voice
Thanks Gary… sharing this video❤
Another banger Gary and great performance on the BBC. Was the 700 billion got through quantitative easing, borrowing or both? I think thats a good thing to bring up every time it's mentioned, get that thread from start to finish
QE or debt - people don't really care, it's not key yo the message (interesting for some of us, not for vast majority - it's just money)
@@alan_davis its the question i always get asked when discussing this stuff. Appreciate the dismissive tone tho 👍
I agree it’s difficult to use that £700b figure in a debate, if you can’t explain or give any evidence at how you arrived to that figure
Good video Gary! Cheers.
Thanks for speaking up for so many of us who cant. You're doing something really worthwhile with your time and energy. Thank you, keep going.