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Patrick Boyle

πŸ‘€ Speaker
647 total appearances

Appearances Over Time

Podcast Appearances

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Once again, the tariff thing, I don't think tariffs are a good way of taxing.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But are they reasonable?

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

I mean, sure.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

If a government is spending money on its citizens, they need to raise money for that.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

And you can sort of choose however you want to bring it in.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But you usually want to bring it in in a way

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

that's not too distortive, that doesn't provide a bunch of incentives for people to do weird things that might slow or harm economic growth or that might cause productive people to leave for other locations and that kind of thing.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Yeah, well, it's that business is more mobile.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Because if you go back 50, 60 years, when a big business was auto manufacturing or something like that, you could kind of do what you wanted to that guy.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

And how's he going to move his factory out of the country?

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But more and more, business is sort of intellectual property.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

It's software, it's ideas, it's patents, especially in Western countries.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Like it's all, you know, it's legal work.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

It's things like that.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

And these are highly paid, good jobs.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But, you know, if you're going to like really aggressively go after these people, it's not they don't have to move like a coal mine out of the country.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

They have to move a laptop out of the country.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Yeah.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

You see, once again, it's a simple solution, and it sounds great.

TRIGGERnometry
Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But you just have to look at New York City, where they implemented this in the past.