Gary's Economics: Why Australia's Wealth Is Being Pissed Away

Konrad sits down in person with Gary Stevenson, former Citibank trader turned inequality economist, for a deep dive into why Australia's housing crisis isn't actually about housing at all, why billionaire-funded far-right parties are the biggest con in politics, and why anger alone won't fix the system rigged against you. Australia's Secret Housing Advantage (And Why We're Pissing It Away) Gary breaks down why Australia has everything it needs to protect living standards and prevent inequality from spiraling, including a fair go culture, natural resources under the ground, and wealth locked up in property instead of offshore tax havens. The problem? We're not using any of it. Instead, we're giving away gas royalties for free, handing tax breaks to property investors through negative gearing and the capital gains discount, and watching house prices become inheritance lotteries instead of things you buy by working. The Real Reason House Prices Are Unaffordable Everywhere This isn't a housing crisis, it's an asset price crisis. Gary explains why housing becoming unaffordable is happening in every major city across the world, why all long term assets like stocks, gold, and land are skyrocketing at the same time, and how rich people don't directly buy your house, they own the credit on your mortgage and outcompete you through the debt system. Plus, the Bible story that perfectly explains why older Australians sitting on million dollar houses aren't actually winning. Why The Far Right Is A Billionaire Con Job Gary lays out his theory that far right parties like Reform UK and One Nation are billionaire funded political vehicles designed to stop wealth taxes from rising by distracting punters with racism and grievance politics. He explains why the political center is dead, why the future is a fight between tax the rich and the far right, and why billionaires would rather collapse society than agree to fair taxation. Also: why anger won't convince your grandparents their house wealth is destroying your future, how Margaret Thatcher turned workers into asset owners who vote against themselves, the widow's mites parable as a guide for surviving the next 20 years, and why staying calm is the only way punters can fight back. Bypass the Algorithm, Sign up to the Punter Times Newsletter https://www.punterspolitics.com/pages/email-sign-up Support We the Punters on PATREON (https://www.patreon.com/punterspolitics) Buy Punters Stickers & T-shirts (https://www.punterspolitics.com/) Learn more about your ad choices. Visit megaphone.fm/adchoices