Daniel Priestley
π€ SpeakerAppearances Over Time
Podcast Appearances
That's an overly simplified view of things. We now have 1,000 millionaires a month leaving, which means every ordinary person who pays 10 grand a year in tax will now have to pay 20 grand a year in tax. You end up cutting off your nose to spite your face.
Boom, half a percent.
Boom, half a percent.
So I grew up in Australia. I was born to low income family. I grew up in a place that had 24% unemployment. Pretty much the only jobs or opportunities around me were things like the trades, building, construction, pest control, hospitality and tourism. So at 14, I got a job at McDonald's and then I'm I got a job in a bar and Pizza Hut delivered driving. And I discover entrepreneurship.
So I grew up in Australia. I was born to low income family. I grew up in a place that had 24% unemployment. Pretty much the only jobs or opportunities around me were things like the trades, building, construction, pest control, hospitality and tourism. So at 14, I got a job at McDonald's and then I'm I got a job in a bar and Pizza Hut delivered driving. And I discover entrepreneurship.
So I discover books about entrepreneurship and I discover that some people make millions, similar to yourself. You saw Canary Wharf. I read a book about business ownership.
So I discover books about entrepreneurship and I discover that some people make millions, similar to yourself. You saw Canary Wharf. I read a book about business ownership.
Yeah, so I now have a group of companies that I've either started or bought. I've just sold a company, so there's seven companies in the group. I've started a couple of software companies. One of our companies is now one of the fastest growing companies in the UK. We're a software business. I've got a couple of agencies. I've got an education and training business.
Yeah, so I now have a group of companies that I've either started or bought. I've just sold a company, so there's seven companies in the group. I've started a couple of software companies. One of our companies is now one of the fastest growing companies in the UK. We're a software business. I've got a couple of agencies. I've got an education and training business.
I agree that it wasn't that long ago that we had real serious wealth inequality in this country. There are amazing photos from like 100 years ago of kids working in mines and kids doing oyster shucking and all this horrible work. And, you know, there's a book Charles Dickens wrote called The Tale of Two Cities.
I agree that it wasn't that long ago that we had real serious wealth inequality in this country. There are amazing photos from like 100 years ago of kids working in mines and kids doing oyster shucking and all this horrible work. And, you know, there's a book Charles Dickens wrote called The Tale of Two Cities.
And the opening line of the book is, it was the best of times, it was the worst of times. And I think we've actually gotten to that point here where some people in the UK, it's the best of times. If you, like in your situation, you're booming. You're a globally successful business. I've got a globally successful business. And then there are a lot of people who completely cannot relate to this.
And the opening line of the book is, it was the best of times, it was the worst of times. And I think we've actually gotten to that point here where some people in the UK, it's the best of times. If you, like in your situation, you're booming. You're a globally successful business. I've got a globally successful business. And then there are a lot of people who completely cannot relate to this.
Energy prices are now the most expensive in the Western world. House prices are completely unaffordable. It used to take three years to save for a deposit. It's now 20 years, theoretically 20 years, if you can save for a deposit. Food prices are through the roof.
Energy prices are now the most expensive in the Western world. House prices are completely unaffordable. It used to take three years to save for a deposit. It's now 20 years, theoretically 20 years, if you can save for a deposit. Food prices are through the roof.
So we're in a really difficult, like for anyone who is not tapped into digital economy, fast growth and all of that sort of stuff, life is getting harder and worse and things are collapsing if you would go with that. There is a predictable path countries go on and there's this thing called the Economic Freedom Index. And the Economic Freedom Index basically says how economically free are you?
So we're in a really difficult, like for anyone who is not tapped into digital economy, fast growth and all of that sort of stuff, life is getting harder and worse and things are collapsing if you would go with that. There is a predictable path countries go on and there's this thing called the Economic Freedom Index. And the Economic Freedom Index basically says how economically free are you?
How much access do you have to free markets? Can you start a business? Can you scale a business? Does anything inhibit your ability to run your own life? Countries that have high degrees of economic freedom have very low poverty. They have widespread affluence. And countries that have low economic freedoms have high poverty.
How much access do you have to free markets? Can you start a business? Can you scale a business? Does anything inhibit your ability to run your own life? Countries that have high degrees of economic freedom have very low poverty. They have widespread affluence. And countries that have low economic freedoms have high poverty.
And it can be the difference between less than 10% right up to 70% poverty rates. And when countries go on a path towards economic freedom, poverty just drops. So India, for example, has been on that path, and they announced today that they've almost eradicated poverty. abject poverty or extreme poverty.