Patrick Boyle
π€ SpeakerAppearances Over Time
Podcast Appearances
Once again, the tariff thing, I don't think tariffs are a good way of taxing.
But are they reasonable?
I mean, sure.
If a government is spending money on its citizens, they need to raise money for that.
And you can sort of choose however you want to bring it in.
But you usually want to bring it in in a way
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.
Yeah, well, it's that business is more mobile.
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.
And how's he going to move his factory out of the country?
But more and more, business is sort of intellectual property.
It's software, it's ideas, it's patents, especially in Western countries.
Like it's all, you know, it's legal work.
It's things like that.
And these are highly paid, good jobs.
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.
They have to move a laptop out of the country.
Yeah.
You see, once again, it's a simple solution, and it sounds great.
But you just have to look at New York City, where they implemented this in the past.