ilmscore | The first politician on Gary's Economics

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
If rich people are not taxed, they will rapidly accumulate wealth, leading to increased asset prices (especially housing) and decreased affordability for the general population.
"if you don't tax rich people, what will happen is they will accumulate a lot of money very quickly and they'll use that to buy the assets and what you'll start seeing is house prices going up, housing be becoming less affordable."
Economic Inequality
Pending
If the wealth of the very rich is not taxed, regular individuals will be economically marginalized.
"if you don't tax the wealth of the very rich, you are the one who's going to be squeezed out."
Economic Inequality
Pending
Continued increase in wealth inequality will result in individuals losing their assets and being economically marginalized, potentially owning nothing if the top 1% accumulates all assets.
"if you allow that inequality to rise what that also means is you losing your assets if this if the 1% owns 100% what that means is you own nothing and then you are being squeezed out"
Economic Inequality
Pending
The Labour Party in the UK is predicted to suffer a significant defeat in the next general election due to poor polling.
"We have a Labour party which is polling terribly badly. They look like they're going to lose really badly in the next election."
UK Politics
Pending
Individuals attempting to escape domestic economic issues (e.g., inequality) by relocating will find these problems persist globally due to the pervasive influence and movement of billionaires.
"while people might move to try and escape these issues domestically, they'll chase them because you know the billionaires are coming"
Global Wealth Inequality
Pending
Implementing wealth taxes will not only reduce rapidly growing wealth inequality but also restore collective resources needed for foundational societal development.
"instituting these wealth taxes is not only about arresting that deeply and quickly growing wealth inequality. But it's also about bringing back into the collective pool the resources necessary to build the foundations of the society that all of us bloody live in."
Wealth Taxation
Pending