Gary is a former trader and now inequality economist who’s known for becoming Citibank’s most profitable trader in 2011 by predicting there would be an increase in economic inequality. Since then, he left trading and now campaigns for solving inequality.
Gary joins us to talk about his debut book The Trading Game: A Confession
We talk about Gary’s transition from the trading floor to being a critic of economic inequality and wealth concentration. We discuss systemic economic issues, the societal and psychological impact of the wealth gap, the need for fair wealth distribution and how we can achieve it.
From proposing international taxes to addressing socio-economic implications, we break down the complexities of wealth distribution, take a look into the world of billionaires and trading, and explore Gary’s advocacy for a deeper understanding of trading dynamics, the economy, and addressing inequality.
Chapters:
00:00 Welcome to BWB
00:45 Meet Gary: From Trader to Equality Campaigner
01:41 Exploring Economic Inequality
02:21 The Wealth Accumulation Game: Insights and Anecdotes
04:55 Navigating the Complexities of Taxation and Wealth
06:45 Personal Stories and the Impact of Economic Inequality
11:39 The Trading Floor Culture: Beyond the Stereotypes
12:16 The Unhappiness of the Wealthy: A Deep Dive
26:50 Addressing the Billionaire Tax Dilemma: Solutions and Challenges
33:23 The Wealth Tax Debate: A Deep Dive
34:49 The Psychological Impact of Wealth
35:26 The Illusion of Success: Stories from the Wealthy
36:14 Navigating Happiness and Wealth in the Corporate World
37:11 The Power of Privilege: A Personal Reflection
41:35 The Historical Context of Wealth Inequality
44:45 The Future of Wealth Distribution and Social Change
45:55 The Political Landscape and the Fight Against Inequality
49:32 The Personal Journey: From Trader to Activist
01:00:20 Quickfire Round: Getting to Know Gary
01:02:00 Gary’s top tip for entrepreneurs
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