My concerns about Gary Stevenson’s economics of wealth https://www.taxresearch.org.uk/Blog/2025/08/07/my-concerns-about-gary-stevensons-economics-of-wealth/ Gary Stevenson has emerged as a major exponent of wealth taxes, but his latest video has made it clear that his economics is neoliberal in its framing, embracing ideas such as the household analogy, claims that the government can run out of money and that it is funded by taxes, none of which are true. And the fact is that you cannot build social justice on the basis of inappropriate economic framing, so this matters.
@RichardJMurphy Essentially everyone born in the post-Thatcher era has neoliberal economics, it's just the water we swim in. Gary Stevenson strikes me as above all a pragmatist and if continuing to use the household analogy and taxes-fund-government model of macroeconomics is how he can get is message across to the masses, then that's probably what he'll continue to do. Ultimately, he's not in the business of re-educating the public on a drastically different economic system, but rather is advocating for tweaks to the current one, because it's the most likely avenue for change. Honestly, I've given up hope that we can ever move away from the household analogy in the wider media; not whilst politicians have to win votes for their economic policies.
