#tim gurner
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Contrary to far-right fantasies like QAnon, this campaign by the elites was no conspiracy. It took place right out in the open, starting with politicians like Ronald Reagan and Margaret Thatcher and running right through the present day. “The Davos elite aren’t eating our children,” Naomi Klein writes in her new book, “but they are eating our children’s futures, and that is plenty bad.”
To hide their undeserved gains, some of the wealthy downplay the helping hands they have received, whether from family (Donald Trump’s referring to $60.7 million as “a small loan from my father”) or the government (Tesla and SpaceX CEO Elon Musk’s criticizing government subsidies even though his companies have received billions from the government).
Mostly, though, they and their political servants (in the U.S., that means especially, but not exclusively, the Republican Party) stoke fights on battlefields small and large. Gurner blames young people’s monetary struggles on avocado toast and overpriced coffee. Major Republican donors like Rebekah Mercer donate millions to conservative media outlets and candidates who stoke fears of culture wars, drag queens and people of color — and who, when they get into office, prioritize tax cuts slanted toward the wealthy.
And some are more brazen. Klein quotes the mid-20th century Belgian leftist Abram Leon’s observation about the Nazis’ use of antisemitic conspiracy theories: “Big business endeavored to divert and control the anti-capitalist hatred of the masses for its exclusive profit.” If that sounds like an extreme comparison, remember that of all the organizations and people who have criticized Musk’s ownership of X (formerly Twitter), he is blaming the collapse in the company’s value on the Anti-Defamation League.
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It’s not every day you see a CEO arguing for a worse economy. But that’s what Tim Gurner, founder and CEO of Australian luxury real estate company the Gurner Group, tried to do at an Australian Financial Review conference on Tuesday.
“Employees feel the employer is extremely lucky to have them, as opposed to the other way around,” Gurner told the audience. “We’ve got to kill that attitude, and that has to come through hurting the economy,” he continued.
“We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around,” he said. The real estate CEO also suggested that Australian unemployment needed to jump by as much as 50%.
Gurner also complained about “tradies”—workers who practice a trade, like electricians, plumbers and carpenters—and claimed they had “pulled back on productivity.”
Gurner’s remarks have since rocketed out of the Australian context to catch the attention of commentators around the world, including U.S. Rep. Alexandria Ocasio-Cortez (D-N.Y.).
“Major CEOs have skyrocketed their own pay so much that the ratio of CEO-to-worker pay is now at some of the highest levels *ever* recorded,” the congresswoman wrote on X, responding to a video of Gurner’s comments.
WHO IS TIM GURNER?
Gurner is the head of the Gurner Group, a real estate company founded in 2013. According to the company’s website, the firm has a development and management portfolio worth about 9.5 billion Australian dollars (or just over $6 billion). The firm primarily focuses on luxury homes and property management, but also dabbles in private social clubs, with one offering anti-aging services.
The Australian Financial Review estimates Gurner’s net worth to be $584 million.
It’s not the first time Gurner has courted controversy with his opinions.
Back in 2017, Gurner took to Australia’s “60 Minutes” news program to talk about housing affordability.
The real estate millionaire complained that poor spending habits—particularly on avocado toast and other small luxuries—were the reason why younger Australians were struggling to afford homes.
“When I was trying to buy my first home, I wasn’t buying smashed avocado for [19 Australian dollars] and four coffees at [4 Australian dollars] each,” he said.
“The people that own homes today worked very, very hard for it, saved every dollar,” while younger Australians “want to eat out every day, they want to travel to Europe every year,” he said.
In spite of his rhetoric, Gurner reportedly got help when he started out. According to the Australian Financial Review, after Gurner’s comments went viral, the real estate founder got help from his former boss and his grandfather as he was starting his business.
COMPLAINING BOSSES
Gurmen’s blunt complaints about arrogant workers may win sympathy from other business leaders.
In April, the CEO of office equipment company MillerKnoll, Andi Owen, told employees to stop worrying about bonuses in an internal meeting.
“Spend your time and your effort thinking about the $26 million we need, and not thinking about what you’re going to do if you don’t get a bonus, alright?,” she said, while also suggesting that employees “leave Pity City.”
Owen apologized for her comments after they went viral on social media. She later told Fortune CEO Alan Murray that social media allowed “a few negative people to amplify and take things out of context,” and that the experience reinforced her view of bringing people back together in person.
Then in May, Tesla CEO Elon Musk complained that workers who wanted remote work needed to “get off their goddamn moral high horse.” In an interview with CNBC, Musk argued that remote employees enjoyed unfair privileges that other workers didn’t yet. “You’re going to make people who make your food that gets delivered—they can’t work from home?” Musk asked.
Despite the loud rhetoric from some CEOs, the remote work debate between bosses and workers may be settling into a truce. Over 80% of Fortune 500 companies tracked by remote work platform Scoop are settling into a hybrid work system.
“A lot of the coverage and discussion is on the CEOs who are pushing really hard on full time in office, and there are a lot of readers interested in that,” Scoop CEO Rob Sadow tells Fortune. “But in reality, employees and employers are less far apart than it may seem.”
#us politics#world politics#economics#economy#fortune#news#2023#Tim Gurner#Gurner Group#Australian Financial Review#unemployment#remote work#work from home#workers rights#working class#trade workers#anti-aging services#productivity#affordable housing#MillerKnoll#Andi Owen#raises#bonuses#Elon Musk#tesla#Rep. Alexandria Ocasio-Cortez#worker solidarity#eat the rich#tax the rich#tax the billionaires
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Millionaire property developer Tim Gurner is getting absolutely wrecked on social media after the Gurner Group CEO told a financial summit audience that workers have become too arrogant after the Covid pandemic.
Gurner made his remarks during the Financial Review Property Summit in Australia where he also floated his solution to “kill their attitude.” According to Gurner, “we need to remind people they work for the employer, not the other way around,” and the easiest way to do that is start laying people off.
#article#tim gurner#billionaire#labor vs capital#capital vs labor#workers vs capital#workers#means of production#social media
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Down the Xitter
Jokes about decapitation may be lethal to your X/Twitter health.
I’ve been meaning to write about this for a couple of months: I am now persona non grata at X/Twitter. It’s kind of a shame, as my Twitter conversations were once a major source of inspiration for this blog. But honestly, I don’t miss being on Twitter much these days. What I used to get from it in the way of stimulating discussions…
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#Bluesky#capitalism#Dublin riots 2023#Elon Musk#free speech#Freedom#Guillotines#hypocrisy#inequality#jokes#justice#rules#social media#Tim Gurner#tolerance#Twitter#violence
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youtube
New episode of Tech Newsday, this week covering
Tim Gurner says more stupid shit
An update on the Elon Biography
Ashton Kusher and Mila Kunis
Robo Taxi hammer attack
Apple Event
#internet today#youtube#news#tech newsday#tim gurner#elon musk#ashton kutcher#mila kunis#robo taxi#apple
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When you ask Light Yagami if he knows what ‘reserve labour’ means
#death note#arrested development#meme#lucille bluth#remember when he said he was going to murder unemployed people for the sake of the economy#he obviously doesn’t know#capitalism#requires a level of unemployment#memes#anime#reserve Labor#the head of#the rba#saying the unemployment rate needs to go up to 4.5%#Tim gurner#saying unemployment needs to rise by 50%#auspol
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Tim "Smashed Avo" Gurner
Hey Folks,
If you're wondering where this bell-end comes from in the world, he is unfortunately an Aussie. He is also one of our more loathed form of capitalist jerkwads: The Property Developer. Plus he's the wangrod who decided that...
When talking about property prices 3 years before the pandemic was responsible for the equally out of touch shit-take of... "The young folks shouldn't be buying avocado toast if they want to buy a home..."
So yeah, he's just full of shit takes.
The more amazing thing about this kind of shit take is that Gurner is basically saying the 'Neoclassical/Neoliberal Quiet Part Out Loud'.
Unemployment is the only way neoclassical economics thinks to control inflation. And it's a bit Rube Goldberg at the same time.
Buckle in folks, we're going for a deep dive into a land of wild fantasy and nonsense: mainstream macroeconomics.
But how do we stop the inflations?!
In the Neoclassical pattern, you need to remember the fantasy starts with how they describe the economy already as it is and how prices happen.
Step 1: The economy will already be producing everything it can and prices are directly linked to the amount of Government Money.
Yep, you read that right... the main pile of economic thinking says that economies around the world are already making as much stuff as they could. They're importing everything they could, and the people who are here are already making as much as they possibly could.
This gets glued into the next thing which is The Equation of Exchange; MV = PQ. You'll see this bandied around and from a maths sense this is the most boring mundane crap of an equation possible but once you start trying to make it match RL goings on makes zero sense. M = the government money out there, V = Velocity of money (put a pin in this one! Oh boy!), P = prices, Q = the number of times people pay those prices.
It has variations where the PQ will be "P = Average Price, Q = All transactions in the average" or "PQ is actually the sum of every price P and the Q times that price was paid". They work out to be the same in the long run: the total of all the things people bought/sold. Now, remember the first half... we are already making the most stuff we can which means that Q is basically 'fixed' (we don't have more stuff to buy and sell) for any given period of time. They also tend to assume that 'Velocity of Money is constant' (which yeah oh boy... just oh boy). So if you change M (government money) there's only one thing that can happen: Prices move. If you spend more government money, then Prices have to go up. That's part of the logic, which is why they keep scaring you with Spending More Government Money Will Make The Inflations.
(Velocity of Money is meant to represent some kind of how often the money moves between people, but this is bonkers because everything is done on spreadsheets now and editing values is spreadsheets creates and destroys stuff constantly, so how fast is money moving? Also, banks settle net transaction not every single transaction. If your bank needs to send $10m to another bank, but that bank needs to send $11m to your bank, then the other bank sends $1m to your bank... that's it job done. They don't pass all the millions back and forth. So this whole idea of the velocity of money as a thing is nonsense, and then on top of it if you're at all scientifically inclined... try do a unit-substitution on MV=PQ, notice the units for V and realise what that would mean if you were doing that in Chem or Physics... let your brain melt on that one).
Step 2: But the Wage Price Spirals! Supplies and Demands!!!
Supply-and-Demand curves have something super wild going on. It gets glossed over a lot, but...
Supply and Demand curves assume the whole economy has only one thing in it, and everyone wants that one thing exactly the same as each other.
Yep. A supply and demand curve assumes everyone in Australia likes Victoria Bitters beer as much as everyone else AND that the only beer available in this fine nation of indigenous folks, migrants, forced migrants, and colonialist fucks, is Victoria Bitters. There is one beer: VB, and everyone wants it exactly the same amount. Welcome to Neoclassical/Mainstream economics.
What does this mean for inflation? If people have more money to buy stuff, then they'll push up prices! The demand (wanting a thing PLUS having the cash to buy it) will beat supply (which remember is already maxxed out) and push up prices!!!
How do we stop this?
Make sure people don't have as much money to spend on things.
Yep, you stop this by making people broke.
What is a great way to make people broke? Increase unemployment.
How do you go about doing that?
Central Bank Interest Rates... it's all a bit Rube Goldberg, but this is the monetarist solution to everything in the economy... fuck with the rates.
If you push up rates, loan costs go up, people and businesses have to spend more to cover their loans. That means people can't buy as much stuff. That means their rents potentially go up. That means food prices go up. And businesses can't afford to keep on as many staff. Unemployment goes up. That's the trick. Rates go up (insert bowling balls playing pianos to knock a switch to drive a remote control car) and then unemployment goes up.
Then when people aren't buying, inflation slows down. Then they drop rates.
But notice the funny thing... generating more unemployment requires the prices of stuff to go up because the rates go up. They make inflation to stop inflation... it's so fucking bonkers. We will crash this car into a tree faster now so we don't maybe crash into that cliff wall up ahead.
So yeah, Tim "Smashed Avo" Gurner isn't lying because that is the goal: to crush inflation by crushing employment.
#tim gurner#economics#macroeconomics#neoliberalism is a disease#neoclassical economics is a fantasy world
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Tim Gurner: Workers Have it Too Easy
Tim Gurner, an Australian billionaire real estate developer, snake oil salesman, and grifter, has been in the spotlight for his commentary about the need to control the lower classes through unemployment and financial hardship.
What did Tim Gurner Say?
“I think the problem that we’ve had is that people decided they didn’t really wanna work so much any more and that has a massive issue on…
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#adversary#anti-ageing#Australia#Australian#capitalism#capitalist#controlling the masses#moneyed class#real estate developer#shit takes#Tim Gurner#unemployment#wealth inequality
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#tim gurner#Garner group#worker solidarity#workers rights#really gonna say the quiet part out loud#never faced madame la guillotine have you now#full employment#economics#who is the economy for?#who is society for?
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real estate millionaire saying OUT LOUD he believes unemployment needs to rise 50% For The Economy….Tim gurner your life is meaningless worthless i will fucking kill you right now and the whole world woukd thank me for it
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Tim gurner is such a piece of shit it hurts.
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Tim Gurner wants you to be miserable. Yes, you.
Speaking at the Australian Financial Review’s “property summit,” the property developer and CEO — net worth $584 million — complained that the country’s 3.7% unemployment rate was, in fact, a problem. “We need to see unemployment rise. Unemployment has to jump 40, 50%,” said Gurner, because “arrogant” workers aren’t productive enough for his liking. “We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around.”
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youtube
New episode of News Dump, this week covering
Lauren Boeburt vs Beetlejuice
Hunter Biden indicted
Ireland's mysterious hole
Unity bullshit
Faze clan becomes worthless
Tim Gurner apologizes
Mike Lindell apologizes
#internet today#youtube#news#news dump#lauren boebert#hunter biden#ireland#hole#unity engine#unity#faze clan#travis scott#tim gurner#avacado toast#mike lindell
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To people who think wage rises for the poor will lead to inflation, but that salary increases and bonuses for middle and upper class people won’t lead to inflation, why?
#politics#tim gurner#said unemployment needs to rise by 50%#but somehow making millions a year doesn’t cause inflation Tim#Michele Bullock#of the#reserve bank of australia#says the unemployment rate need to go up to 4.5#that 70000 people need to lose their jobs for the sake of#the economy#you can never reach 0% unemployment under#capitalism#capitalism requires there to be#reserve labour#communism is the only system that has full employment as a goal#Australia#auspol
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