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Robert Peston

πŸ‘€ Speaker
2139 total appearances
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Podcast Appearances

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

If you're lucky enough to inherit even.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

I don't know, 5% of Musk's wealth, you yourself will be massively wealthy and massively powerful.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

It creates dynasties of, you know, a bit like the pharaohs of Egypt.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

And people, you know, the argument is this is just bad for society to have power.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

You know, when you have concentrations of money on that scale, you also have concentrations of power.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

And that is bad for all of us.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

There is a topical version of this.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

I mean, you know, you pay money, takes your choice whether you think, you know, this is too much power or not.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

But a couple of billionaires and, you know, particularly operating in the crypto space, have given a lot of money to Farage and reform.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

That is power, right?

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

No, but they are interfering in British politics.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

They are, but the answer to that isn't tax.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

They are British in the sense that they are able to make the donation.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

Otherwise, they wouldn't be able to make the donation at all.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

And if you're listening, Rachel Reeves, I would urge you not to introduce either a Steph tax or a Robert tax, please.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

Well, they will have their supporters.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

And so I'm pretty sure that what you've just said will attract a bit of attention.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

But I don't think you're going to get... Are we going to massively push back on behalf of Thomas Piketty, Steph?

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

Look, I've got to admit, I'm not immersed enough in the Piketty proposal.

The Rest Is Money
287. Dan Neidle: forget wealth taxes, do this instead

Your characterisation of it does make it seem to me like essentially a talking point, as Steph says.