Preparations everything in this game.

Some things can catch you like a heavy challenge on a cold Tuesday night in stoke.

Or not having your full pension when you're ready for it.

Happened to me, providers gone bust.

But mine was FSCS protected the financial services compensation scheme

every year thousands of people lose money in their pension

FSCS can protect your money when authorized financial providers and advisors go bust.

It's down to you to check your pensions protected.

Search FSCS online. This is a series of cebes I in the world. I'm John Bachelor with Professor Richard Epstein

who's helping me understand tax proposals not only in Rome at the G20 meeting, not only in theory about

the flat tax, but also about the Biden administration and the Congress now proposing to tax wealth, tax assets, unrealized assets.

Richard, the puzzle for me is when you tax well-to-do people and at one point Senator Wyden of the Democratic

Senate said that this is only about 700 people in America. That requires you to have a

policing mechanism and restrictions that seem to me excessively

overwhelming.

And also you've got to presume that your targets in this instance, the 700 wealthy people are going to adapt.

So in that adaptation doesn't that lead to endless changes of strategy and tactics by the taxing authority to catch up to those

billionaires? Yes, it always has. Look, just start with the simple progressive tax that we had which is nearly as

steep as the thing we're going what happens is people face this and so they say look I

don't want to pay a very very high tax on 10 million dollars I'm going to put it into a family trust. I'm going to make sure that

the six of my children and relatives are going to be in it. So instead of having $10 million for me,

what we do is we have $16 million dollars for everybody inside the family

...