Making Money Gary Stevenson: The rich will bankrupt us all
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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.
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Childhood Scarcity
- Gary Stevenson recounts a childhood memory of losing a pound, highlighting his early awareness of financial scarcity.
- This instilled a strong drive to earn money and shaped his perspective on its importance.
Unfair Advantage at LSE
- At LSE, Stevenson realized he was unprepared for the finance world, unlike peers with prior internships and connections.
- This experience exposed the unfair advantage some students had, making him question the traditional narrative of hard work equaling success.
Winning the Card Game
- Despite feeling disadvantaged, Stevenson won a Citibank trading competition through a card game, exploiting a rule others didn't know.
- This underscored his belief that success comes from recognizing and capitalizing on opportunities, even if they stem from initial unfairness.