Quote Originally Posted by baggiematt View Post
Gary Stevenson is an intelligent bloke but if you watch him debate with proper economists, they debunk him very easily. He tries to simplify very complex topics and leaves out several important factors that damage his argument, probably not purposefully.

Most governments arent concerned by corporation tax. Not only is it a f*cker to prove and fight for, but also you get the money back in the end even if it isnt taxed. If it becomes a dividend, it’s taxed and is usually spent back into the economy. If it goes back into the business it’s spent on investment which creates jobs and wealth.

We need foreign investment. It’s absolutely critical for growth.

Socialism, in a sense of less billionaires, is a bit of a myth. The Nordic Model is often seen as the best example of socialism but they have more billionaires than us vs overall population.
There are some economists and accountants namely Richard Murphy that have tried to debunk him, but (and i say from my own point of view) they are well rooted into the their economic models that anything going against it will be debunked, despite it being broken and not really working. Gary at least is owning up to this to say something fundamentally is wrong. I can see that something is wrong, sure you do too Matt. What the answer is, i don’t know. But we can’t have a minority of the global population hoarding all the wealth. This cannot be ignored nor be said it’s irrelevant.