Finally, Gary Stevenson Has Been Found Out - Konstantin Kisin
Episode Stats
Harmful content
Toxicity
4
sentences flagged
Hate speech
2
sentences flagged
Summary
The power of atomizing technology has transformed the public debate into a public shouting match. Before the age of YouTube and social media, opponents didn t have to sit across from each other in TV green rooms, and then sit together in one room and at least pretend to be talking to each other.
Transcript
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This episode is brought to you by FIFA World Cup,
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that I do not believe in making politics personal.
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I believe that the failure to treat our political opponents
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as human first and wrong second is one of the great challenges of our time.
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has transformed the public debate into a public shouting match.
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Why? It's not just that the Internet has given everyone a voice.
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It's that it has given a voice to people who never have to sit in the same room.
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Before the age of YouTube and social media, political and media opponents
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didn't have the option of shit-talking each other from the safety of their podcast studios.
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They had to sit across from each other in TV green rooms and then sit together in one room
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and at least pretend to be talking to each other. Having done a fair bit of media in my time,
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I can tell you that meeting the people you're about to debate in the green room beforehand
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is an important part of the process. It might be that the extent of what you can discuss without
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an argument erupting is limited to the weather because it's 2026 and we can't seem to agree on
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what a woman is. But still, you're forced to be civil. The effect of this you know from your own
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experience. The way you react to someone accidentally cutting you up in traffic is far less restrained
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than your response to someone accidentally bumping into you on the street. The action is the same,
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but the level of offense both taken and expressed is not. Why? Reassured by the physical distance
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This difference has been recorded in study after study.
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and former heavyweight boxing champion Mike Tyson
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I've always tried to engage with them in person.
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We did this with Jimmy the Giant, a New Left content creator who made a video calling me a grifter and eventually apologized and took it down after we had a rather robust discussion in our studio.
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We did this with Dave Smith over Israel, with Peter Hitchens over Ukraine.
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We just did it in a blockbuster upcoming interview with Tony Blair's spokesman, Alistair Campbell.
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I always try to criticize people's ideas, not them personally, because I know that physical separation is corrosive to public debate.
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Not only do we feel safe and far from the people with whom we disagree,
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but there is now a giant audience which is not in the room who are watching all the drama.
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And in today's world, you don't have to play to the audience.
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And your audience doesn't want you to self-moderate.
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A significant portion of the content creator space has realized this,
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which is why we're living in the age of the character.
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Andrew Tate is the heel, a well-known character in combat sports from which he hails.
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Candace Owens is the entertaining conspiracy loon character.
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And Gary Stevenson is the articulate and courageous champion of the downtrodden character.
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It's important not to confuse actual articulate and courageous champions of the downtrodden
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You can help poor people and you can want to help poor people.
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The problem with Gary Stevenson is not him as a person.
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It's just that he doesn't understand basic economic concepts.
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Daniel Priestley once spent several minutes trying and failing
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to get Gary to understand the difference between assets and income.
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This clip is really worth listening to in full,
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Just watch Gary's brain short circuit repeatedly
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as he ironically complains about how much tax he paid
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when he was making millions as a Citigroup trader.
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50% top-rated tax plus national insurance, 60%.
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is one of the highest taxpayers in the country.
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Inheritance tax is 40% across the course of your life.
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if a trust is, if a person lives who owns a trust for 70 years,
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You're not, you're talking about income versus the transfer of an estate.
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So why is it that the Duke of Westminster can be worth £10 billion?
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You're comparing your income versus the amount he inherited, which is not a fair thing.
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So if I get given £10 billion, I don't pay any tax.
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If this is the tax system that you want, you will end up in a system where the kids of the rich were on everything.
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Winston Churchill famously described his political opponents as modest men with much to be modest
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about. Gary has no such problem. What he lacks in expertise, he more than makes up in the complete
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absence of modesty. He was, after all, the best trader in the world, according to one Gary
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Stevenson. A recent article in AFT suggests that, to put it mildly, some of his colleagues didn't
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quite see it that way. Gary has now moved on from his success in the world of finance to being
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one of the world's leading experts on inequality, a title given to him by, well, himself. He appears
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to have confused his online fame with knowing things, but Gary is a political campaigner,
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not an expert. He's the Greta Thunberg of tax. There's no denying he has built up a large audience.
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That makes him an expert in one thing and one thing only, building up a large audience. And
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it's true, you can build up a large audience by making good arguments about important issues
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But you can also do it by pandering to people's anger
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In the words of the great American economist Thomas Sowell,
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when you want to help people, you tell them the truth.
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Gary has done fantastically well out of advocating policies
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on the basis of false claims about the source of the problem
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in a well-referenced post by tax expert Dan Needle,
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Gary Stevenson clearly cares deeply about inequality
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He exaggerates his expertise and his research is sloppy.
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Given the size of his audience, that's a shame.
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It's the Guardian, so they still think a wealth tax is a brilliant idea.
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But even they are shocked by how unpersuasive his arguments are when challenged properly
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and how lost he appears when he comes up against the most basic counter-arguments to his well-rehearsed talking points.
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Gary thinks he's Robin Hood, the man who took from the rich and gave to the poor.
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taxing ordinary citizens to within an inch of their lives.
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Robin Hood is not a story about taking from the rich
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in that clip we played you with Daniel Priestley
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about having to pay 50 and 60% of tax on his earnings.
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Our problem is not that the rich are doing well,
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We have the highest industrial electricity prices
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where most future growth is going to come from.
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the employment rights bill's day one sick pay provision.
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And we've chased out both successful innovators
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and the young talent that could replace him in the future
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by making Britain a terrible place to run a business.
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for everyone to do better, we keep raising taxes.
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We're currently somewhere between 25th and 29th in GDP per capita in the world and are projected
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to be overtaken on living standards by Poland. That's not my claim. It's Keir Starmer's. Look,
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I'm not a billionaire. I don't oppose wealth taxes because I'm going to have to pay them.
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It's just a terrible idea that isn't about helping anyone. It's about envy. I was born in the Soviet
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Union. I've seen what happens when feeding the green-eyed monster becomes the basis of government
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policy. And so, wishing Gary no ill will, I have to confess a profound sense of relief at the
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complete implosion of his credibility. Not because I enjoy watching anyone fail, but because bad ideas
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are dangerous precisely because they are appealing to our worst instinct. Those of us who comment on
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these things in public have a duty to tell the truth, not pander to them. If you enjoy these
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