Gary Stevenson on taxing the rich and why you’re getting poorer

Why are the rich getting even wealthier while the middle and working classes continue to struggle? Former top trader Gary Stephenson - the star behind popular YouTube channel Gary’s Economics - breaks down how wealth inequality is driving down living standards for the middle and working classes on this episode of Ways to Change the World.

He tells Krishnan Guru-Murthy how the rich grow their wealth through passive income and investments, while ordinary people fall into debt, and argues that low interest rates, tax policies, and government responses to crises like 2008 and COVID-19 have mainly benefited the wealthy, deepening the financial divide. And finally, he urges people to educate themselves and push for change before inequality spirals further out of control. 

Produced by Silvia Maresca.