Robert Peston

You will never get reward from your people for saying something that they don't like or surprises you.

And to be honest, you won't get reward from the other side either because they either won't see your stuff because algorithmically it won't be sent to them.

But if they do, there's very little reward for anyone on that side to either sort of praise you or endorse you or whatever, or you'll likely just think, well, this is just a one-off.

So I just think that what...

this politics is doing to us and what that sort of algorithmic politics is doing us is driving us ever more week by week year by year into a place where almost into almost hermetically sealed bubbles and and that's not a new observation but i do think it is accelerating and i think it makes genuinely makes democratic politics harder to sustain in a way that we've known it before

Your supposed political friends tell me your time is up.

If you decide they're wrong, how will you persuade them?

The power that they confer, power to influence politics in the way that Musk does, creates dynasties a bit like the pharaohs of Egypt.

Well, they are interfering in British politics.

Hello and welcome to The Rest Is Money with me, Robert Peston.

All right.

So look on that.

He does say, because we obviously made that point to him that.

If an individual country like the UK were to do it on its own, you know, implement, you know, 2% or so tax on the wealth of the billionaires.

Well, do they work some of them?

Anyway, let's start.

Let's push that to one side.

Anyway, we've got their assets.

We've got a lot of their assets here.

If you introduced a 2% tax and then you simultaneously introduced a massive exit tax on them so that if they then did try to leave the country and relocate both themselves and their wealth, they would have to pay a massive penalty, then it would be practical to have the wealth tax