Patrick Boyle

And you could have an example of a doctor where if he worked an extra hour and, you know, earned, we'll say went from 100 to 101,000 pounds,

He would lose like child care for his children and things like that that would set him back twenty thousand pounds.

And so, you know, a better progressive system straight away makes sense.

Like like often the biggest problems are just rules that are in place that that provide perverse incentives that destroy productivity.

Yeah, well, there's also just this thing where the world is kind of more complex.

You know, it'd be easy if you could just sort of say, oh, we do this thing and it'll work.

But there's sort of this economic law of unintended consequences.

You know, even...

You know, people have sort of said they come up with an idea of like, well, what if when someone dies, all of their wealth, you know, debt tax, it all goes to the government.

That's the thing you could do, because why should their children benefit?

You know, you could make this argument.

But you forget that you would change every incentive of that person.

Like if I knew that all of my money was going to zero the day that I died, I couldn't pass it on to my children.

Well, I would spend it on my children or I would spend it on myself.

I would get them an education that would put them in a place.

I would buy their way into certain things because, of course, you know, parents have this urge to look after their children.

It's sort of parents have more of an urge to look after their children than after themselves, you'll often see.

There's, you know, the problem with really simple solutions is that you're leaving out the fact that people will be, you know, they'll adjust their behaviors based on the incentives.

So, you know, usually the truth is that a government

can kind of tax however they want to.