Patrick Boyle

It's even like an awful lot of government interference in business tends not to work.

I'm not a fan of Joe Biden's subsidies or Donald Trump's tariffs, for example, because I don't feel that these are.

The government doesn't need to make business better.

um they need to essentially get out of the way of business to allow it to be better and once again people then get offended when i say that because they think i'm advocating for sort of a sort of chinese type situation where you allow you know huge pollution you know deregulation doesn't mean

allowing terrible things to happen.

But it often does mean sort of toning down the most extreme regulation that is often prohibiting sort of any project from going forward.

One reason even is that it's just not enough money.

Like a lot of the argument around wealth tax is sort of about this idea, it's kind of politics of envy.

And I'm not awfully interested in politics, but if you, let's say you took every, I don't know how many billionaires are in the UK, but let's look at the United States.

If you took all of the billionaires and took 100% of their wealth from them, handed it to the government as a one-off tax,

The problem is that that would only pay for a few months of US government spending.

It would by no means pay down the national debt, and you'd probably have shut down every big business or you'd have disincentivized them.

Now, that's not to say, you know, is there...

Is there a fairer tax system?

Probably everywhere, you know, because every tax system is sort of a hodgepodge together of sort of prior government ideas that didn't work.

There's a guy, his name is Dan Needle, who writes some pretty good things on UK tax policy.

And he shows the sort of the lumpy nature of UK taxes often means

that it disincentivizes you.

Like once you hit 50 or 100,000 pounds a year, you sort of, because taxes are often combined with sort of other government transfers.

And as you pass through certain prices, you know, means tested things fall away.