Making the news today....

[Mark J]

6 hours ago, Johnsond said:

We spend far more than that every year on looking after illegal immigrants  and strangely you and the ATL are silent on that subject 🤷‍♂️just saying like 

The steel tariffs have nothing to do with immigration. 

If we export £400m of steel to USA and they are whacking on a 25% tariff, how much has Trump just cost UK steel industry? 

[Mark J]

@Johnsond Tell me why this bloke is wrong. 

[sime42]

One of the most pertinent issues right now, wealth inequality and it's rapid rise. IMO, a much bigger factor in why we're so ****************ed, rather than because of Labour/immigration/Net Zero efforts etc etc. I predict the Covid trigger word will completely prevent any meaningful discussion of it though.

 

The Scale of Economic Inequality in the UK - Equality Trust

EQUALITYTRUST.ORG.UK

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The UK has very high inequality of income compared to other developed countries. The UK's wealth inequality is much more...

 

 

[tree-fancier123]

the 'former city trader' in that clip has it wrong, inequality is part of our evolution, it exists in all societies, even the most well known attempt to stamp out inequality (communism) didn't work, because the nature of the beast meant the administrators (Lenin, Stalin et al) took much more for themselves

Surely the cost of benefits is more than the total wealth of everyone in the Sunday Times Rich list?

I'm not saying bring back the workhouse, but the handouts are excessive. Dormitories are perfectly acceptable accomodation for the unemployed and would incentivize them to take any job they could find.

 

In 2023/24 the UK government is expected to spend approximately 258.4 billion British pounds on benefits, compared with the previous year when benefit expenditure was 242.5 billion pounds

Edited March 28 by tree-fancier123

[Mark J]

29 minutes ago, tree-fancier123 said:

the 'former city trader' in that clip has it wrong, inequality is part of our evolution, it exists in all societies, even the most well known attempt to stamp out inequality (communism) didn't work, because the nature of the beast meant the administrators (Lenin, Stalin et al) took much more for themselves

Surely the cost of benefits is more than the total wealth of everyone in the Sunday Times Rich list?

I'm not saying bring back the workhouse, but the handouts are excessive. Dormitories are perfectly acceptable accomodation for the unemployed and would incentivize them to take any job they could find.

 

In 2023/24 the UK government is expected to spend approximately 258.4 billion British pounds on benefits, compared with the previous year when benefit expenditure was 242.5 billion pounds

Yup, but after the war we taxed the super-rich heavily, which is why your Mam and Dad could afford a house on a normal salary. 

Have a look at these and let me know if he's full of it at the end of them (Part 1 of 4 attached):

 

Edited March 28 by Mark J

[tree-fancier123]

27 minutes ago, Mark J said:

Have a look at these and let me know if he's full of it at the end of them (Part 1 of 4 attached):

I don't like him at all, sorry - the idea that some trader spiv like that can teach people about economics is laughable.

Warren Buffets late business partner Charlie Munger was well known as a voracious reader - a book with two legs sticking out the bottom. He recommended this book to learn economics; I haven't read it yet, but if I seriously wanted to learn economics this is where I would start. I much prefer dry informative textbooks to some would be celebrity/politician pushing a narrative.

It is obvious his subject matter will be clickbait and help him monetise the channel, everyone loved Robin Hood

Edited March 28 by tree-fancier123

[sime42]

I can't see that being particularly lucrative clickbait to be honest. I wouldn't have thought that as an ex city trader, with millions of pounds of earnings in his pocket, he's motivated much by making a few bob on tinternet either. 

 

Obviously he has an agenda, but is it really that bad an agenda?

 

 

 

 

[Johnsond]

There’s that peace loving tolerant religion at it again. 

[Mark J]

17 hours ago, tree-fancier123 said:

I don't like him at all, sorry - the idea that some trader spiv like that can teach people about economics is laughable.

Warren Buffets late business partner Charlie Munger was well known as a voracious reader - a book with two legs sticking out the bottom. He recommended this book to learn economics; I haven't read it yet, but if I seriously wanted to learn economics this is where I would start. I much prefer dry informative textbooks to some would be celebrity/politician pushing a narrative.

It is obvious his subject matter will be clickbait and help him monetise the channel, everyone loved Robin Hood

You are missing the point. The guy in the link is a billionaire. He doesn't need any money. He is trying to explain to ordinary people why we are  heading into poverty. The reason being that the rich have an exponentially increasing amount of the assets of this country, and they pay substantially less tax than those of us who work.

Edited March 29 by Mark J

[tree-fancier123]

3 hours ago, Mark J said:

You are missing the point. The guy in the link is a billionaire. He doesn't need any money. He is trying to explain to ordinary people why we are  heading into poverty. The reason being that the rich have an exponentially increasing amount of the assets of this country, and they pay substantially less tax than those of us who work.

Am I?

Lots of people have been all over his claims. Bullshit is he a billionaire. 

From the Financial Times who went and spoke to some of his former coleages

what Gary has said

what Gary's old workmates said

other old workmates have described his media exploits as 'sad' - that was my view, and still is

Gary Stevenson's ex-Citi colleagues say his debate was "sad"

WWW.EFINANCIALCAREERS.COM

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Gary Stevenson is a star, but his former Citi colleagues are wary. It's not because of his arguments for higher tax.