Imagine defending billionaires increasing their wealth exponentially but saying poor people should pay more. These people are insane

It's incredible they don't question the increase in billionaire wealth due to government action, but object to government action to reduce it. It's intellectually obscene.

The alarm in their voices to jump to silence GS before he finishes his thought, reeks of fear and desperation. They clearly have owners.

Annabel is defending billionaires but no empathy for working people who have experienced higher taxes and inflation with worst to come next year. At her suggestion of privatising the Bakerloo Line I realised these individuals just want poor people removed from society.

Pure class from Gary, didn't speak over anyone, made a clear point that the others just jumped in to blather over without saying anything. Institute of economic affairs - rich peoples propagandists.

Gary is a thinker. Annabel is a posh woman who has never suffered or lived in poverty to have empathy with the poor and masses. Well done, Gary.

I just hope that Gary’s videos keep getting more and more coverage. We need Gary Stevenson right now. We have been kept ignorant and told that economics is beyond our comprehension for too long. Understanding what is happening and thinking critically is our best chance of surviving.

She talks of "ethics" while giving rhetorical Head to Billionaire Class. Does She even realise how utterly ridiculous She sounds.

I find it hard not to be spitting mad about Annabel Denham's defence of the super-rich! With due respect, I guess she is a reasonably well paid expert as the Director of Communications at the right-wing, climate change denying, neoliberal think tank ;The Institute of Economic Affairs, funded by the fossil fuel industry, tobacco industry, and undisclosed others. Surely not the Koch Brothers? So she has earned her right to speak on behalf of these right-wing billionaires in opposition to 99.99% of our society. Her hatred of Britain and the British in the guise of privatising the NHS is abhorrent - I was surprised to not hear her say TB, Cholera and starvation are to be expected in a free word

This program really needed a fact checker. She kept saying things that are just plainly wrong. Like, privatizing the NHS will make it cheaper, when the fact is that the NHS have been increasingly been privatized over the recent years and it is those parts of the NHS that have gone up in price

The other thing that seems to be a trend in a lot of debates on this subject (including this one) seems to be that the opposition very quickly turns to "oh, you're just going to take ALL the money away? Confiscate it like in the French revolution?" ...tax is somehow only just when applied to the poor and full on robbery when applied to the rich. The psychosis runs deep. I imagine that getting 10% less of a 2bn PURE PROFIT is not going to dissuade any tycoon from 'trying their best'.. (personally I would be ok with only 1.8!). But 200mil in public spending changes lives.

It scares me that Annabel thinks that these billionairres are working hard for their money - they aren't! It's usually returns on their wealth and NOT income Also tired of this same old argument that it's "not feasible" to tax the billionaires! Great appearance, think you went a easy on her!

We need more people Gary like speaking out. The billionaire class have completely pulled the wool over the eyes of the working class and convinced them that all wealth will flee the nation and it will fall into chaos if we enforce a fair and progressive taxation on them. Most billionaires actually enjoy living in a society that is not SO unequal that they can never relax and just go out. . without huge security detail and dread. It's in their own best interest to not widen the gap so far.

No normal person can earn their way to being a billionaire. It might happen in exceedingly rare circumstances, but no billionaire has ever really deserved that much wealth. It is a truly exceptional amount of wealth, and sets a person apart from the rest of society

Annabel and Christo have some bizarre thought processes. Great patience from Gary.

Laughing at Annabels worried expression when Gary started saying what she dreads.... The truth.

"Start grabbing at people's wealth" in otherwords cristo feels he hasn't actually earned his wealth so therefore he takes it as a personal attack, meanwhile not understanding how he's running defence for people who see him as just another poor like everyone else, the middle class really think they're safe don't they ? Great stuff as usual Gary, love catching up on all this older content

What the fuck is the point of having billionaires if you can't have a healthy society along with them? Like if the choice is tax billionaires and some leave then who cares? We already weren't getting tax off them.

"What incentive would people have to be wealthy". I don't understand this logic, in that case, why should ordinary workers work? They aren't going to be wealthy by that logic so it's in their interest NOT to work then. The host is a clown.

Interesting how taxing a billionaire is considered as a seizure of assets.

We need fewer radio hosts like Cristo, who repeatedly put words into Gary's mouth and when he did let him talk, gave him "10 seconds" to reply when he had allowed Ms Denham much more time to air her unsubstantiated trickle-down screed.

i love the freak-out when Gary just says "i don't see why not" to seizing billionaires assets despite that being a pretty popular position. these people are in such a bubble they react the same way to seizing the assets of a parasitic class as if you'd just set fire to an orphanage

How do you keep your cool? I’m not sure I could. Keep it up Gary!

Profits are always privatised and losses are always socialised. That was painful to listen to lol

Love how Gary let them say their piece but as soon as he says anything radical they're jumping on his throat. Don't even have the decency to hear his whole statement

Two sides here... - The Institute for Economic Affairs (IEA) is one of those shadowy thinktanks that doesn't disclose most of it's funding. The funding we do know about includes cuddly companies like BP, British American Tobacco, Japan Tobacco, Philip Morris International, Japan Tobacco International with further funding from the alcohol industry, food industry, and sugar industry. - Gary, a self made man who has the financial breathing room to think objectively. We need to remember Annabel doesn't have people best interests at heart, because her funders dont either. That's why she's forced to reframe and misrepresent arguments.

This lady is director of communications at the Institute of Economic Affairs, wow, just wow - I'm speechless!

Amazing Gary. Really loving what you’re doing on general. Please keep it up. We don’t have enough people like you!!!

This is what happens when "commentators" come up against someone with principles that knows what they're talking about.

Gary, thank you. I thought that the host saying he didn't want to put words in your mouth having done just that was a classic! The billionaire fan lady was also nauseous. "venerating the NHS" is morally wrong? Is that what she was saying? Or did I misunderstand? I suggest that if she doesn't like the NHS she leave for one of those European countries whose healthcare models she prefers, oh, wait... You were the only class and honestly on that program . Best wishes.

"...Impossible to tax billionaires once they leave the UK." Their assets are here in the UK, those can be taxed. The same way we did with the Russian Oligarchs when Russia decided to invade the Ukraine. It worked! Those billionaires are so far removed from normal society that they're attacking us however they can. Enough is enough, tax the rich and their assets they have in the housing market as one example.

14 years ago, satisfaction with the NHS was very good now it is absolutely destroyed by the Tories

Well done Gary, for biting your tongue and remaining reasonable in the face of such lunacy.

Her face through out says it all. She has meaningless platitudes and propaganda phrases and Gary has the truth

Annabel isn't interested in "playing the man against the bull", she just prefers to talk bull. "Seizing the assets of billionaires"? That's not what Gary was saying Annabel! He's simply saying they're not paying their fair share of tax even though they've made a huge amount of money during the pandemic, but it eems she would rather we ordinary folk part from our hard- earned money (which we already have so little of) than see billionaires part from even a tiny squidgeon of their massive easy-gotten gains. Why should the poor always subsidise the rich? Greedy billionaires are unwilling to give something back, always keeping it all for themselves and not working hard to get that money! How much more do they need to live on, ffs??? TfL have lost money because of the pandemic because the government told us to stay home as much possible in order to reduce the spread!

Oh Gary, being spoken for.....good on you for holding a smile

Annabel sounds like she doesn't even believe what she's saying... And she's basically saying "just stop being poor”. I bet she believes the American private healthcare system is a good and fair institution.

It would take a person earning 35000 a year over 28000 years to earn 1billion. It is woeful to see Annabel talking about the need to preserve the wealth of the super rich while more and more people need food banks.

Christo and Anabel are literally arguing from a position of no knowledge! Amazing;)

I love how Gary just calmly sips his tea…. Waiting to eviscerate his opponents 😂❤

She wants to privatise the Bakerloo line, presumably because rail privatisation worked so well. These clowns never learn.

Ha ha ha!! Annabel thought she had an ally for a minute, until Gary elaborated😄

Ooohhh! She said grow the pie! She sounds like Truss too! Where do they get these people?!

I find it telling that Gary quietly listens to both of them, even when they are putting words in his mouth or, speaking untruths, and yet when it's his turn to speak they interrupt him within 10 seconds.

Thank you Gary 👏👏👏.

If that woman's arguments convinced you, you are going to live the rest of your life a victim.

You're a hero Gary. Thank you for all you're doing👍

I'd like breakdown how much air time Gary was given compared to Annabel Posho "privatise everything" Denham.

Wonder if it's easier to get the point across by campaigning for a restructuring of the economy, rather than taxing individuals after they've amassed insane wealth. It's too easy for billionaire apologists to create sympathy that you're asking to take something from individuals that they've 'earned'. Making them the victims. Rather, in many cases that money should never have got to the billionaires in the first place.

Once again Gary steps forward to speak for us. The Tories are only concerned with their wage and the perks of the job. This isn't about the country. People would do well to remember. Sunak was caught on camera saying he had already started to shift money from the poorer areas to the richer. They must need a new prada shop eh?

They seem to ignore the fact good infrastructure, skilled capable healthy workforces & good market access make the country more investable.

Gary never gets anything wrong

She said these billionaires would leave. I'd have said good. What's the point in people who don't contribute their fair share to society. They are just sponging of the rest.

Been watching lots of Garry's videos, Its been an education to say the least. It strike me that the message should be made clearer to tax the assests of the rich rather than the earnings. The argument that they have worked hard for their earnings just like everyone else will be mute one in this case. In one of Gary's discussions he even mentions that he was paying 50% tax on earnings.

Great content. Brave speaker. And it is true let us keep our working wages.

Gary is spot on; we need a wealth tax. The transport situation (whether London or North of England) always require subsidies from the taxpayer. It is only fair that those who have made obscene profits through the pandemic, and now in the cost of living crises are heavily taxed. I remember many years ago having an ongoing argument with a stockbroker friend who was making millions, and he tried to defend his income because he had to “work so hard”. He joined me on the farm during a long bank holiday weekend (as a farmer, I could never take that time off away anyway), helping with our harvest. He didn’t last the entire weekend, but just failed to pitch on the last day. Finally, he agreed that there would be many, many people in the country that were working a lot longer and harder than he, or his colleagues were. At least the outputs of my business went to feeding people; never quite sure what the outputs from his business did, but he was able to retire in his 40’s, whereas I will turn 60 this year, with no chance of retirement now as all my savings were spent getting through the pandemic.

This has not aged well, as I knew it wouldn't. Two year later and no regrets whatsoever in refusing to be included in this medical experiment

Annabelle’s answer to everything is privatise it, meanwhile private rail companies, energy companies in fact private companies in all sectors of our economy are receiving goverment bailouts to prop them up during the covid crisis. Banks were propped up during the financial crisis despite it being their own reckless behaviour (thanks to legislation probably supported by Annabelle in the first instance). The truth is certain sectors of our economy can and should not be run for profit (yes privatise the NHS Annabelle). How she expects a privatised Bakerloo line to have faired during covid and to come out unscathed despite record fall in footfall is laughable. She’s detached from reality and wedded to the idea of neoliberalism which is clearly failing the majority of society. But then her salary is paid for by fossil fuel, tobacco and billionaires who fund the think tank she works at so none of that is surprising. Christ we’ve not seen real term wage increases for nearly two decades, meanwhile stocks and property increase in value their on year and wealth inequality is rising exponentially. She has no answers for how we increase demand, because her ideology actively removes demand from our economy and puts it into assets. It’s all so fucking obvious and rather depressing TBH

Recently subscribed to your channel after your talk with Max. Great content.👊🏾

Gary is the man , why should millionaires profit in a crisis

Great idea Anabel, let market forces dictate the future of the NHS, brilliant thinking - let's just go back to the 1800's

Who needs a billion pounds? Fundamental question, should end any argument along these lines

What a awful women . She made me feel sick

Gary, sir, please keep the work up !!!!!!!!!!!!!!

Privatize? That's a bad idea. If done, the following will happen: The company will only focus on profits Maintenance will be lacking or none at all. Service will be reduced The pool of workers will shrink Workers' pay will be reduced.

Great talk. Thanks for the upload.

Cristo's arguement is that it's more fair to 'grab' at the little wealth (incrase taxes on) that working people have, than to 'grab' at the vast amounts of wealth that billionaires have during a crisis. Essentially, he's saying, it's morally fairer that we increase the poverty of those without wealth to avoid the 'imorality' of taxing billionaires a fraction of their wealth.

So billionaires need incentives to work hard and the ordinary person? Ordinary people work their back sides off, just to survive. Meanwhile billionaires get richer off that the worker

Its scary that she thinks most millionaires work hard or harder than many working class on a average wage, I would love to see these millionaires doing the job of a nurse, carer, teacher or similar, people should pay their fair share and at the moment Million and Billionaires do not and we should also mention Large corporates like Amazon too should pay their way.

I find the mindset of someone like Annabelle Denham completely baffling. If I were a multi millionaire I would feel ashamed that I lived in a society where some of my fellow citizens are living on the poverty line.. if I were a billionaire I would find myself revolting unless I was doing something good with the money. I really do think some people are just born greedy and have no empathy for their fellow man.

So, apparently it's a moral problem to increase tax for the rich, who would still be rich anyway post-tax increases, but somehow its not a moral problem for the poor, who will just keep getting poorer, and invariably, struggle to even put food on the table. Is it any coincidence this just happens to slip her mind?

Great work!!!!!

If you can't imagine what £1bn looks like here's a way: if I gave you £10,000 a day it would take you 100 days to get to £1mn... it would then take you 274 years to reach £1bn

It's the difference between seeing the system as a team effort in which we all play a part and each group is dependant on the others - so society as a whole should benefit. Or seeing it as a gift bestowed by the billionaires on the rest who should be silently grateful for anything that may come their way.

How messed up that its fine to take from those that struggle to eat yet unconscionable to take from those who have more than they know what to do with, mad world.

Successive governments have always gone for the lowest hanging fruit ..... that's is ordinary tax payers. The rich have always been protected by the same governments. They should be taxed 'call it an emergency wealth tax' .

Privatisation is the go to answer for everything. It’s bloody unbelievable. I am so angry.

This is a good example of the resistance we will face. Gary is right of course but these insane bootlicker won't allow it.

Gary hardly got a chance to speak. However Annabel platform all to herself. I am livid. As for Cristo well clearly agrees with talking head Annabel.

Gary can’t wait to read your book

Why should we feel guilty about taking money from the billionaires when with government help they have stolen money from the ordinary working person.

Well said Gary.

This idea that Gary's suggesting we sequentially work our way through a list of billionaires to personally fund stuff is just such a Homer Simpson take (though I do appreciate Cristo's role of devil's advocate here). Gary's obviously talking about employing taxes on the assets of the super-rich as a collective; he only pointed out that a single billionaire could afford to rectify a single crisis to elucidate how unevenly distributed wealth is, and where it is almost all currently sitting, not to literally single someone out for the funding.

What a culture in the UK we have of ordinary people jumping up to defend billionaires against having to pay the same taxes they pay themselves ! Bonkers. Billionaire lackeys everywhere solving the economy no where ! Tax the super rich !

does the size of the pie matter when the median slice is shrinking?

I am with Gary 100%

I'd love Annabel to talk us through the actual benefits of privatising essential services and how fares will go down when profit comes into play. Now to the NHS, I'd love her to explain why she thinks it's not fit for purpose and how lack of funding plays into it. Unfortunately I don't think Gary can argue to make these ppl care about the poorer in society. It comes down to forcing them to expose the fallacy of their trickle down economics theories.

Surprised seeing things like Corp Tax, Capital Gains Tax and Dividend Tax at roughly income tax levels wasn't discussed. Surely rich people can't complain about being faced the same as everyone else. Also, surely the Warren Buffet argument that paying dividends on assets in lieu of reinvesting is an admission of having run out of ideas and so hiking that tax would incentivise innovation. Finally, unsustainable business practices should be fined: any business making profit while poverty wages are subsidised by benefits should pay their employees benefits or raise wages.

You notice how their argument is just indignation, while Gary just points out facts. Billionaires gain 22% and working public lost money, if you are going to tax someone tax the people who are earner more for doing nothing, it's called windfall.

How depressing is it that billionaires are defended more than nurses.

What a horrible woman. Gary came out on top here but was still too nice to her.

Keep going Gary!! - if these two will not appreciate the vulgarity of standing for billionaires who only have to give a tiny percentage of their INTEREST! from the billions they make every yr - then they like them have simply lost their humanity when thousands apon thousands are now suffering from deep stress or mental health due to this living crisis 😔 that as far as I can see was deliberate - it’s a game to the banks - recessions makes millions for investors!!

The weath of the corporations and billionaires shouldn't be taken, just taxed 100% over a certain limit

Why is getting billionaires to pay their fair share "siezing" their money, while ordinary people paying tax is just fine? How does someone come to believe that the more money a person has, the less they should contribute to society? They always argue that if we start taxing them then they won't bring their assets here. That's fine. Just don't allow them to make money here if they're not willing to contribute from their ridiculously huge fortunes.

Gary is correct

Institute for Economic Affairs funding: undisclosed, private donors, some funding from fossil fuel industry and tobacco industry. The nerve of this woman to open with "I am a mom of two" while being paid by companies such as Philip Moris that to this day push cigarettes on children for profit.

Love the way the presenter, keeps trying to drag the conversation on to rightist talking points.

Look at the way Gary calmly looks at his hapless interlocutors, waiting for them to finish their drivel, and then administering the mercy shot, double tap, quick and "sans haine". Gary, if you need a secretary, factotum, gopher and helper, i'll do it for free!

My mind is blown 🤯 more questions than ever 😅 we need to get you two and the OBA in a room 👊

Clearly all the problems are down to billionaires not having enough money and workers that earn the money for the billionaires having too much. Or did I miss something 🤔