video UK · 3 May 2023

Money is a Token - £700billion Increase in Government Debt #shorts

This video argues that increased government debt, particularly the £700 billion during COVID, disproportionately benefits the rich by increasing their money holdings. This leads to higher asset prices and shop prices, ultimately decreasing living standards for ordinary people and exacerbating inequality, with no resolution in sight.

By Gary Stevenson

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Arguments in this video

Curbs extreme inequality Gary Stevenson · 00:52
“it's overwhelmingly the rich that it's overwhelmingly the rich that it's overwhelmingly the rich that increases inequality that increases increases inequality t”
Spending rises as living standards fall Gary Stevenson · 00:25
“result is prices will will stay high result is prices will will stay high result is prices will will stay high they won't come back down they won't come back do”