video UK · 14 July 2024

My predictions were right!

This video revisits the channel's first upload from 2020, where the host predicted that COVID-era government spending would disproportionately benefit the wealthy, increase inequality, and lead to a financial crisis. He reviews his initial arguments about how the Bank of England's money printing and government deficits, which totalled £900 billion, flow into the economy and ultimately enrich those already well-off.

By Gary Stevenson

Mentions George Osborne, David Cameron, Jeff Bezos

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Arguments in this video

Taxes wealth like work Gary Stevenson · 26:53
“In my opinion, we need to find ways to tax the truly rich in our society by taxing wealth rather than just income.”
Income is not wealth Gary Stevenson · 27:38
“This will draw money from the wealthiest people in our society, the people who get their income from owning assets rather than working.”
Curbs extreme inequality Gary Stevenson · 27:22
“You can reverse that if you tax the rich.”
Spending rises as living standards fall Gary Stevenson · 01:37
“I still remain convinced that this money given out during COVID is what's driven the fall in living standards.”