Robert Peston

in the UK without international cooperation.

I mean, because it is obviously theoretically possible under UK legislative arrangements for the moment it's announced to say, even if the legislation hasn't gone through, even if Parliament hasn't approved it, you can announce it and say, by the way, the exit tax comes into effect this second.

You can do that.

They certainly would.

I mean, I suppose the other question, therefore, Dan, is the I mean, the evidence is incontrovertible that these individuals pay significantly less tax than certainly I think everybody on this podcast has a proportion of income and significantly less than many people on low incomes.

And that isn't fair.

So what do we do about that?

Do we just sort of shrug and say, you know, there is, you know, essentially the vast majority of normal people pay their way, but there are these very special people who both own most of the world and don't have to make a contribution?

But I think it's also important to say that we're slightly confusing two different things.

An equalisation of income tax and CGT rates.

And were we to see national insurance just rolled into the income tax system, all of that might well produce a fairer system.

It would raise a lot more tax from people who are very well off.

It would not address the sort of Zuckman-Picketty class, the super billionaires.

Right.

I'm not remotely disagreeing with you.

If you want to address the billionaire issue, it's a much bigger issue than just tax, as it were.

And so, you know, one of the reasons we've seen the rise of the super billionaires.

super, super, super mega billionaires is because we've had this industrial revolution over the last 30 years.

These digital companies which have a sort of winner takes all element to the way that they operate.

If you are Google.