Gary Stevenson Says Wealth Tax Is Inevitable 14 Years After Leaving Citibank
Updated
Updated · The New Statesman · Jul 19
Gary Stevenson Says Wealth Tax Is Inevitable 14 Years After Leaving Citibank
2 articles · Updated · The New Statesman · Jul 19
Summary
Gary Stevenson told The Exchange a wealth tax is becoming unavoidable, arguing Britain is running out of time to stop living standards from deteriorating further.
The former Citibank interest-rate trader, who entered finance in 2008 and left in 2012, said soaring wealth inequality is the main force behind economic decline and weaker household outcomes.
Stevenson has turned that argument into a broader political warning, saying failure to tax the super-rich will deepen instability and fuel political extremism.
The interview focused on whether a wealth tax is practical as well as necessary, reflecting Stevenson’s shift from market trader to one of Britain’s best-known online economic commentators.