"I'm QUITTING!" Gary Stevenson vs Piers Morgan On Wealth, Economic Growth & Elon Musk

Former City trader turned inequality campaigner Gary Stevenson has become one of the internet's most influential voices on wealth, wages and the widening gap between rich and poor. A bestselling author and self-described "Inequality Economist," Stevenson has built a huge online following by arguing that Britain's economic system is fundamentally broken. As his profile has grown, so too has the criticism. Detractors accuse Stevenson of exaggerating his success as a trader, dressing left-wing politics up as economics and profiting from a message of economic decline despite his own personal fortune. Now, with the release of his new Channel 4 documentary How To Get Filthy Rich, Stevenson is pushing one of his most controversial ideas yet: a tax on extreme wealth. The debate comes as inequality dominates political and economic discussion on both sides of the Atlantic. With stock markets reaching record highs, tech billionaires accumulating unprecedented fortunes and house prices remaining out of reach for many young people, questions about who really benefits from economic growth are becoming increasingly difficult to ignore. President Donald Trump's reported $1.4 billion earnings from his digital currency business have reignited arguments over whether booming markets create prosperity for everyone—or simply make the wealthy even richer. As politicians prepare for the next election and wealth taxes return to the political agenda, the central question remains the same: does wealth eventually trickle down to everyone else - or should governments redistribute more of it through taxation? Piers Morgan is joined by former financial trader and ‘inequality economist’, Gary Stevenson, PBD podcast contributor also known as The BizDoc, Tom Ellsworth, and editorial director at the Institute of Economic Affairs, Kristian Niemietz, to debate. 00:00 Introduction 03:27 Gary Stevenson explains his new documentary How to Get Filthy Rich 04:18 Piers challenges Gary for ignoring generational economic shocks like Covid 08:24 Dr Kristian challenges Gary’s economic outlook on causes of growing inequality 10:40 Tom Ellsworth supports Dr Niemietz, calling for higher housing stock 14:13 Gary responds outlining why he believes billionaires are buying all our assets 17:06 Dr Kristian argues there already are substantial taxes on assets 19:45 The panel debate the politics and popularity of Zohran Mamdani 23:22 Piers tries to find out how much Gary Stevenson is worth 29:28 Gary Stevenson says Dr Kristian Niemietz is funded by billionaires for his opinion 30:39 Piers asks Gary to reveal how much he is worth 31:46 Dr Kristian argues with Gary’s over trading predictions proving his economic diagnosis 33:36 Piers outlines what policies he would implement to improve the wealth of the UK 35:55 Piers and Gary debate whether Elon Musk is a force for good 38:53 Gary reveals how much he is worth “to the nearest £5 million” 42:34 Dr Kristian discusses the downsides of green socialism and net zero 43:01 Polymarket: Who will be the next UK Chancellor? - https://polymarket.com/event/next-uk-chancellor-of-the-exchequer-in-2026-2026062100531917844:44 Does Gary redistribute his own wealth?  

Learn more about your ad choices. Visit podcastchoices.com/adchoices