london finance bro taxonomy

[luka]

 

[wg-]

The Rab gilet transcends finance circles and is also the reserve of every contracts manager with a beer belly within the m25

 

[ver$hy ver$h]

Anyone have any thoughts on Gary Stevenson?

 

[luka]

Whos that Jim?

 

[ver$hy ver$h]

Whos that Jim?

Gary Stevenson (economist) - Wikipedia

en.wikipedia.org

 

[luka]

O i have seen him. His thing is inequality is bad for the economy

 

[ver$hy ver$h]

Yeah, he's been on Piers Morgan, Channel 4, Novara, etc. and has his own YouTube channel and has published a couple of books. There's some suggestion he's been bullshitting about his trading history, but dunno that that detracts from his message.

 

[catalog]

a lot of his appeal is his accent

 

[ver$hy ver$h]

He reminds me of El-B.

 

[luka]

a lot of his appeal is his accent

His pasty complexion, attenuated stoner physique, shit hoodies

 

[ver$hy ver$h]

There's some suggestion he's been bullshitting about his trading history...

I'm in two minds about this as it's certainly possible, but a publication like the FT and people involved in finance obviously have a vested interest in undermining someone saying the things he does.

Gary Stevenson claims to have been the best trader in the world. His old colleagues disagree

What is the truth behind the inequality campaigner’s Citigroup memoir?

www.ft.com

https://archive.ph/0t2px

 

[ver$hy ver$h]

One of the hurdles with the 'tax the billionaires' thing's how do you stop them just leaving for another country, offshoring their wealth, etc.

 

[IdleRich]

Well there's the laffer curve that's supposed to help you judge that to perfection.

Laffer curve - Wikipedia

en.wikipedia.org

However, the shape of the curve is uncertain and disputed among economists.

 

[IdleRich]

When the tax rate was higher in the 70s didn't they raise proportionately less tax? If so they got it wrong I guess.

 

[ver$hy ver$h]

When the tax rate was higher in the 70s didn't they raise proportionately less tax? If so they got it wrong I guess.

There's a clip of him talking about the higher tax rate in the 50s, 60s and 70s. I don't know enough about the subject to know whether he's right that it would solve our problems now.

 

[ver$hy ver$h]

a lot of his appeal is his accent

His pasty complexion, attenuated stoner physique, shit hoodies

Assuming his analysis is correct, I think it's good to have him out there and not just the Grace Blakeleys, Aaron Bastanis and George Monbiots.

 

[luka]

Looks like he lives

 

[luka]

Assuming his analysis is correct, I think it's good to have him out there and not just the Grace Blakeleys, Aaron Bastanis and George Monbiots.

Even if its not right its right

 

[IdleRich]

There's a clip of him talking about the higher tax rate in the 50s, 60s and 70s. I don't know enough about the subject to know whether he's right that it would solve our problems now.

Me either. I guess there are so many variables anyway it's far too simplistic to simply say that putting the same top rate will have the same result.

What they need to do is ban nom-doms, I don't reckon there are that many people who will totally leave the UK for good but many would become non-dom I guess to have the best of both worlds.

 

[ver$hy ver$h]

I'm put off by the clickbait vid titles, but I suppose that's the nature of the beast. You have to play the game somewhat to get an audience.