Is Gary Stevenson Legit?: In a recent video, I dive into the views of Gary Stevenson – also known as Gary's Economics. I break down what he gets absolutely right and where I respectfully disagree. In the video, I talk about the issues Gary raises, where he is coming from, and the solutions he suggests.
If you want to learn exactly what I have to say about Gary's Economics and hear my answer to the question ‘is Gary Stevenson legit?’, I highly recommend watching the full video until the end. You can find the video at the top of this page, or via my YouTube channel. If you care about the issues Gary Stevenson raises, make sure to watch this video!
With many people experiencing hard times right now, people offering political solutions have become more popular. Gary Stevenson is an intelligent guy, with an understanding of economics. He came from a working class background, and became a successful trader. Therefore, it isn’t surprising that he has grown a following by presenting his case for a solution. But is he right?
In this article, I will take a look at the problem Gary identifies, the political solution he proposes, and his views on personal responsibility. I will explain where we agree, where we disagree, and the approach I take to solve these problems. By the end of this article, you will be able to answer the question ‘is Gary Stevenson legit?’ for yourself!
If you found this perspective on Gary's Economics helpful, please consider sharing it on your social media pages. I believe that this information could help a lot of people out there take control of their finances, rather than waiting for the government to do it. Thank you in advance for helping me reach more people!
1. Is Gary Stevenson Legit?: He’s Right About The Problem!
Gary says it has got harder for the average person to get by. He’s right! Some people claim that young people just don’t work as hard as previous generations. However, the reality is that it is now objectively harder!
Let’s look at some numbers! In 1980, the average salary was £6,000 per year. Now, the average salary is £36,000. That means average salaries have gone up by 5.7 times. But over the same period, average rents have gone up by 13 times! Average house prices are up 11.9 times! There is no doubt that things are harder now for normal working people. Gary is right about this!
2. Is Gary Stevenson Legit?: He’s Wrong About The Solution!
Where I don’t agree with Gary is his proposed solution. Gary supports a wealth tax. A wealth tax taxes someone based on the assets they own. While capital gains tax is paid when you sell an asset, a wealth tax is paid while you still hold the asset.
There are a number of problems with this. Firstly, it is unlikely to make much of an impact on taxes collected overall. Secondly, it means that good business people who are growing wealth inside a company or property portfolio may need to sell part of these assets to pay the tax. This hurts the economy and those businesses.
But ultimately, it is unlikely to ever happen, and Gary admits this! The rich make the rules, why would they make rules that harm them?
3. Is Gary Stevenson Legit?: He’s Wrong About Personal Responsibility!
Gary says the best way to get rich is to have a rich father. He takes the responsibility for being poor away from the individual. I think this is a disempowering message! The government isn’t coming to save you, only you can do that!
My approach is to teach people how to invest like the rich do! You need to know how to use the system to your advantage, rather than just complain about it!
Most people already work hard, but I teach people how to also work smart and achieve their goals. I think focusing on the individual is the right approach to solve the problem!
So is Gary Stevenson legit? He certainly has some things right. But I have some serious disagreements with him when it comes to solutions!
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