0:00

Back in the nineteen eighties,

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conservative Prime Minister Margaret Thatcher

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made a beleaguered Britain great

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again. The. Conservative government today

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has done the opposite. There.

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Is a big lesson here for America.

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Hello, I'm Steve Forbes in this

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is what's ahead. We'll get the

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insights you need a better navigate

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these turbulent times Britain as have

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an election later this year and

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the incumbent Conservative government looks like

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it'll suffer a thrashing of historic

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proportions. The. Tories brought this

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likely humiliation on themselves. Too.

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Often they act like they're a

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lighter version of the opposition labour

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party which just proud of it

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Socialists roots. And. Fourteen years,

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the Tories pursued a radical

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climate agenda that is catastrophic.

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really. raise prices of your

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luck Drizzly, necessitating subsidies to

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ease the pain. It.

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Put on a perverse excess profits tax

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and oil and gas producers and raise

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all sorts of other taxes. Personal.

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Income taxes were effectively boosted.

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Dividends and capital gains suffered tax

1:08

assaults. Business. Taxes were raised

1:10

as well. The. U S

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benefited mightily when we whack the

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corporate rate and twenty seven team

1:16

from thirty five percent to twenty

1:19

one percent. A critical reason why,

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despite all the abuses being inflicted

1:23

upon the economy or President Biden,

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the Us economy is showing growth

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while Britain slides into recession. The.

1:30

Tories forgot that higher business tax

1:32

rates mean less productive investment. And.

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Thus, a lower standard of living. Britain

1:37

is on it's way to the highest

1:39

level of taxation Since World War Two,

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The. Tried and true formula for

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prosperity, low tax rates, restrained

1:46

government spending and regulation, and

1:48

a stable currency practice by

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Margaret Thatcher as long disappeared

1:53

down the Tory memory hole.

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The. Old saying, and if you don't know

1:58

where you're going, every road will get

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you. There applies to this floundering government

2:02

in London. A. Fox the

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whole bricks and issue at box

2:06

Taxation and regulation. They. Bought

2:08

into every climate nostrum of that

2:10

a thorough scientific examination. Then.

2:13

Up crashing what could have been the most

2:15

vibrant economy in the developed world. The.

2:17

Current government even brought back in

2:20

his foreign secretary the sale former

2:22

prime minister who messed up praxis.

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They. Did this on the assumption that

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this would appeal to moderate voters.

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small. The. Tories have been in power

2:31

for almost a decade and a half. And

2:33

what positive do they have to show for

2:35

it? Made. Me cry to

2:37

be a little more sensible, such as dialing

2:39

back some of it's green nonsense. But.

2:42

The love of party here has to the

2:44

tories even better. The. Conservatives nice

2:46

budget. Did talk to points off

2:48

the payroll tax from working birth.

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But. Then they had as a slew

2:53

of other taxes touching business travelers,

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wealthy foreign residents. Why not? They

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can't vote. Raping. Products and

3:00

devices and other levies. The

3:02

only time the conserves got things right

3:04

on taxes was during the short lived

3:06

Prime Ministry of List Trust, and she

3:08

was tossed aside and a matter of

3:10

weeks. The. One positive thing

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the Tories have done, and it's

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a huge one. Historically has been

3:17

a vigorously back Ukraine with a

3:19

purpose and energy sorely lacking from

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our current administration and certain republicans.

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On domestic policy. However, the Tory

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story as a real life warning

3:29

for the Us. More. Taxes

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more massive in L can

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see green programs a tsunami

3:35

of harmful rules for individuals

3:37

and businesses are formula for

3:39

impoverishing this country. I'm.

3:41

Steve Forbes. Thanks for listening to send

3:43

in your comments and suggestions and look

3:46

forward to being with you soon again.