@henryfudgeofficial: Do I disagree with Gary Stevenson? His new Channel 4 documentary, How to Get Filthy Rich, is out this week and worth watching. Short answer, not really he’s pretty much on the money. Here is the one place his critics can hit him, and why the Rentier Black Hole is his missing answer. Anyway, keep up the good fight, looking forward to seeing the show 🫡 #garyseconomics #wealthtax #macroeconomics #economics #rentierblackhole
What’s the impact of demand (in)elasticity? People would basically pay anything to stay housed.
2026-07-12 23:28:13
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BoroMatha :
Getting rentier black hole tatted on my lower back
2026-07-13 00:09:42
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AG :
This is why the “but the wealthy will just leave” is a terrible argument, because they’re not spending that money in the uk anyway, so if they left the loss isn’t much
2026-07-08 22:24:53
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LeftyMess :
Future me: Is it the Rentier Black Hole?
2026-07-09 04:01:18
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Photo-restorer :
That is why I know it sounds daft but people in receipts of benefits actually keep the economy rolling as the majority keeps gong back into the economy.
2026-07-08 18:36:57
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naheem :
took you way too long to say the ‘rentier black hole’
2026-07-08 15:31:34
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dogwalkpoems :
I think there’s a lot of rich people thinking they are super rich.
2026-07-13 12:57:39
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user6279111412134 :
Trickle up economics. Put money in at the bottom, and it will trickle up
2026-07-08 21:55:11
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Bocat Juniors :
Henry x Gary love to see it
2026-07-08 15:35:15
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MJ :
Hi Henry. Would love a response. I’m fairly new to economic thinking in my 30’s. We have had some changes to CGT here in Aus so has peaked my interest.
I am unsure if my logic is correct, but I feel one of the downfalls in this change was it was a blanket change of a minimum 30% tax & didn’t redirect investment to other assets.
As an alternative to a wealth tax. What would your thoughts be on making property a protected asset class? Existing landlords get 5 years to sell at current tax rates or (even tax free as a one off incentive) after that we apply a 60%+ rate whilst reducing CGT on productive assets (shares, businesses etc). - (60% rate would exclude primary home and death)
Stepping back from the ‘eat the rich’ mentality surely the current wealth disparity is a negative sum game. As the rich accumulate property, prices and rent rise. Meaning disposable income collapses and businesses suffer.
It seems nobody would win eventually, even the rich who own the properties. An investment property is worthless with no rent incoming or market growth due to lack of buyers.
Also, any easy first economic books to read or documentaries?
2026-07-12 06:39:26
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vincenthannon1 :
I've found the idea of a wealth tax problematic. Back in the day JP Getty said himself and all his family could draw social security such was the structure he had assembled. So it's not so much how do you tax wealth but how do you tax land.
Back in the day estates borrowed against the rent roll to invest. The underlying asset remained. Ireland and the famine, and the poor law workhouses formed a debt against the underlying asset. Today, some countries tie final years care to the house owned by the person in the care facility. So that concept of drilling to the core asset and taxing it exists. Thatcher changed the Rate. it's probably time to get back to something like that.
2026-07-12 22:30:50
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Ash :
Almost 5 minutes into the video before mentioned the RBH, that’s self restraint 🤣
2026-07-09 10:50:55
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James :
I genuinely think together you’d be unstoppable
2026-07-08 19:19:24
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Shelley Black :
We need documentaries from you! Your way of explaining Economics is really refreshing.
2026-07-08 15:38:02
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Ojas :
The rentier black is wealth concentration reframed. Your guys arguments are vastly similar at the base level. Love both you guys 🙏🙏🙏
2026-07-08 15:23:39
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Seany :
Love a bit of rentier black hole chat.
2026-07-08 19:48:17
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Das C :
The short version: The game Monopoly was based on ‘The Landlord’s Game’, a board game patented by Elizabeth Magie in 1904, which was designed to highlight the dangers of monopolistic land ownership. She wanted to use a board game to show people how the practice of appropriating land and resources leads to passive income and wealth on the one hand, and increasing poverty and destitution on the other. Anyone who has ever played it knows exactly how many winners there are at the end of the game.
2026-07-13 08:01:44
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anon344444 :
This is my roman empire
2026-07-08 16:25:02
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glitchy_k :
I also think a lot of traditional economists also fall back into the "trickle down" group without always realising it or accidentally combine that with the circular economy ideas
2026-07-08 16:29:24
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🤨 :
The traditional economists response to you and garys theory is just a long way of defending trickle down economics and weve all seen how that went
2026-07-11 12:42:32
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Your money mate, Sarah ❀ :
Shhhh my show is on
2026-07-09 10:29:17
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radish78 :
Wow well done yet again. Both academic and emotional intelligence. You understand the true power of strength in numbers
2026-07-08 20:32:02
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engermathias :
Will you and your wife create a podcast one day discussing these topics. I would love to listen to that😅
2026-07-08 15:57:23
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Myles Observes The End :
Make him global minister of finance and development.
2026-07-08 15:39:51
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