Gary's Economics PARODY

Added: 2026-05-11

[00:00:00]Okay, welcome to another episode of Gary's Economics, where we will be talking about and trying to explain the UK local elections that have just happened.

[00:00:11]And we will be doing so by using a metaphor of a plate of oil-based biscuits.

[00:00:20]So, for those of you who don't know, the UK just had a local election in which the Green Party took a larger piece of the pie, the far-right Reform UK Party took a larger piece of the pie, and they did so at the expense of the Conservatives and the Labour government. Now, to fully understand what has happened, you've got to imagine for a moment a plate of oil-based biscuits in front of you. Now, I'll get to the oil layer, but in the meantime, think of a biscuit representing a vote. So, this biscuit is distributed to this political party, this biscuit goes to that political party, or this biscuit goes to that political party, and so on. And I think it's really important at this point to understand, and this is why I'm going to get this graph open that I've been speaking about over some time.

[00:01:14]This really simple graph explains to you why it is so important to understand that over time biscuits have been used as a source of control and wealth inequality, and we never taxed the [ __ ] biscuits, and that is why we are where we are economically today.

[00:01:35]Now, to really understand where I'm going with all this, you have to go all the way back to the Industrial Revolution, which we can be proud of, because this was a time where our ancestors, our great-grandparents, put all their economic differences to the side in pursuit of a world that did not emphasize wealth inequality.

[00:02:00]So, a lot of the time it would be, for example, for those of you who don't know, the biscuits would have been made by an artisan or a skilled worker, and all of a sudden he finds himself being replaced by machinery or factories or technology, and he finds himself out of [ __ ] nowhere with no biscuits to make and he's out of jobs and he's finding himself rapidly pulled into poverty.

[00:02:29]So, now if you really study this graph for a moment and you really start to understand and realize that the only reason why you are so poor at home is because no one is taxing the biscuits.

[00:02:48]Now, why do I talk about specifically oil-based biscuits?

[00:02:53]It is because when the world war with Iran started, I came in owning a whole lot of oil. I owned because basically I am essentially rich. And so, I own not only oil, I own wheat, I own corn, I own property, I own a lot of stocks, I own a lot because basically I am a millionaire. That means for the people at home like you, what it means is that I, if we apply the lessons of the Industrial Revolution into the era of AI, I, the rich guy, own the oil. That means I own the biscuits. That means I own the vote. That means I own the politicians.

[00:03:34]That means I own policy. That means I own society.

[00:03:37]Means I own [ __ ] you, the poor biscuits at home.

[00:03:43]Because when you are so rich, what you can do for in pursuit of wealth inequality is you can expand your portfolio. You can own a lot of assets, which are limited.

[00:03:56]And that means that when something goes down, something goes up. And this is just a basic fundamental principle of economics. But despite all of what I'm saying, it is important, really important to recognize that if we pull up this graph once more, you can see that there is a solution to all of this that I've for a long time, and that is [ __ ] tax. And I don't mean tax the work. As I always say, I always say tax wealth, not work. And until our politicians start to do that, you are always going to remain in the exact same position that you were in before the UK local elections and after. So, if you want to do something about it, you've got to send this to your friends. You've got to send it to your family. And we've got all start saying together that wealth in inequality is the reason that we are all biscuits. And if you don't, that's fine, but you are always going You are never going to get yourself out of the position of poverty, and you are always going to stay a sad, poverty-stricken, lonely, wet, soggy, little biscuit.