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Making Money
The rich will bankrupt us all I Gary Stevenson
Feb 5, 2024
Gary Stevenson, former city trader who made millions from betting on growing inequality, discusses wealth inequality and the proposal of a wealth tax. He explores practical ways to tackle the issue of the very rich accumulating assets and emphasizes the need for popular support and substantive change in wealth taxation. They also discuss the increasing inequality in Nigeria and the lack of visibility regarding poverty. The speaker shares their disappointment in the lack of tax justice organizations and expresses their commitment to preventing societal collapse. They discuss the author's experience as a trader, their motivations, accurate predictions, and building a political platform.
01:15:30
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Quick takeaways
- Understanding the economic system is crucial for determining one's earning potential
- Rapid wealth inequality poses a threat to living standards and needs to be addressed
Deep dives
Introducing the Making Money Masterclass
The podcast host announces the launch of the Making Money Masterclass, a series of weekly live stream sessions with regulated financial advisors. The masterclass aims to provide in-depth knowledge on topics such as pension withdrawals, cash flow modeling, mortgages and property, tax efficiency strategies, and advanced index fund investing. Participants will have the opportunity to share their own circumstances to tailor the sessions to their needs and interact with fellow participants and the host. Limited spaces are available, and interested individuals can sign up to the waiting list.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode