Garys Economics

You've been misled to think that the richest pay the most tax. They don't. Gary explains how our tax system is set up to tax income, not wealth – and therefore how it misses the really rich people in the UK.

Gary explains how the failed idea has fuelled a huge growth in inequality.

Gary reacts to the Truss government's mini-budget that crashed the markets.

What does it mean to be rich today? The discussion dives into wealth inequality and the contemporary definition of affluence. It underscores the stark differences in tax contributions among various income levels. Challenges for ordinary families striving for homeownership are highlighted, along with the need for a more equitable tax system. Listeners are urged to consider the moral implications of wealth and the responsibility that comes with it.

Stephanie Brobbey, a former private wealth lawyer, has seen up close how the rich reduce the amount of tax they pay. She talks to Gary about why she left the wealth management industry. "There are more food banks than McDonald's in the UK. When I heard that I just thought: I can't continue being part of this system which is essentially designed to keep concentrating wealth and minimizing tax." Follow Stephanie on Twitter: https://twitter.com/steph_brobbey

Economists in the media and universities have no idea what's going on. Here's why you shouldn't believe what they say.

There's been a huge increase in online trading over the past two years. For many people this has led to financial losses, and gambling addictions. Gary talks to gambling expert and campaigner Matt Zarb-Cousin about the risk of addiction, and how people can keep themselves, and their money, safe

Governments have responded to Covid by pumping huge amounts of money into the economy. But where has this money gone?

Economists love to make predictions in the media, but they're almost always wrong. Here's why.

Explore the crucial reasons behind property ownership and its importance for financial security. Discover the stark contrasts in investment capabilities between the wealthy and those facing economic constraints. Delve into the risks of get-rich-quick schemes. The discussion highlights the systemic inequalities that can hinder low-income individuals from achieving property ownership, emphasizing the need to invest wisely.