Gary Stevenson
speaker
5,834 appearances
16 recordings
3 series
first heard Apr 2026
last heard 26 Jul
Gary Stevenson’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 16 in all, peaking in Jul 2026 with 6.
Appearances
But if it works, I might have to pay 1% a year to the government.
I'm not going to do it.
Like, I just, I just, this is,
Okay, so I assume anyone watching this, if you had the business idea that you thought would make you 20 million pounds, but in the future you might have to pay 1% to the government, would you then say, you know what, I don't want to be worth 20 million pounds.
And this is in the context of an existing tax system, which taxes graduates at a top rate, top marginal tax rate in the UK of 71%, 78 and a half percent in Scotland, right?
and puts anyone who wants to do like a degree in like often hundreds of thousands of pounds worth of debt and you think the thing that is going to deter innovation is people thinking oh my god if i become a multi multi millionaire heaven forbid even a billionaire i might have to pay two percent like like this is totally insane right and it is it just completely
This is the flip of exactly what is really happening, right?
Which of these two things is going to make you less likely to really try to become like a business superstar?
The fact that if it works, you'll have to pay 1% or 2% to the government,
or the fact that on the way to get there, first you have to take hundreds of thousands of pounds worth of debt and then you have to pay 70% of your income to the government on the way there.
This is the exact reason why it's tax wealth, not work.
The beauty of the wealth tax is it does not tax doing the thing.
It doesn't tax getting rich.
It doesn't tax making money.
It doesn't tax creating a business.
All it taxes is the hoarding of enormous amounts of assets.
It's as simple as that.
So how can you possibly say that moving a tax system away from one which aggressively taxes further study, aggressively taxes innovation, towards one which taxes that less and taxes hoarding more is preventing innovation?
It's absolute madness, right?
But even if you believe that, even if you think, okay, the reason people are not innovating is because they're worried at some future point, I'm going to get taxed 2%.
Showing 2901–2920 of 5,834 · page 146 of 292
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