Daniel Priestley

Oh, police spending is definitely slashed. Do you think education spending has been slashed? Do you know where it ends up? It ends up with like big corporates, big consulting, who get paid $50 million to produce a report to tell government something. All of these big, I won't name names, but all the big consulting firms, they're all bloodsuckers to government.

They know that the money's in the government. And they set up business models to extract that money from government. And it also is in the financial trading side of things. One of the issues that we've got, right, and this is a big issue as well because you care about wealth inequality.

They know that the money's in the government. And they set up business models to extract that money from government. And it also is in the financial trading side of things. One of the issues that we've got, right, and this is a big issue as well because you care about wealth inequality.

One of the biggest issues I see is that during the pandemic we all learnt to work remotely and remote work became the norm. And what I see at the moment is huge amounts of what would have been normal British jobs are going to the Philippines, going to India, going to Vietnam, people who work remotely now. We now have 1,000 millionaires a month leaving to go to Dubai.

One of the biggest issues I see is that during the pandemic we all learnt to work remotely and remote work became the norm. And what I see at the moment is huge amounts of what would have been normal British jobs are going to the Philippines, going to India, going to Vietnam, people who work remotely now. We now have 1,000 millionaires a month leaving to go to Dubai.

We have 120,000 British people living in Dubai in that economy. The world's become incredibly mobile. And one of the things that's happening is that what would have previously been good British jobs... are getting moved overseas to lower cost countries. And that's technology that drives that wedge.

We have 120,000 British people living in Dubai in that economy. The world's become incredibly mobile. And one of the things that's happening is that what would have previously been good British jobs... are getting moved overseas to lower cost countries. And that's technology that drives that wedge.

The US is very smart in that they've built a technology powerhouse and the UK has completely lost our technology industry. Our tech industry is in decline, same across Europe. China and the US know that the game is tech and they're basically pulling all the tech company into their borders.

The US is very smart in that they've built a technology powerhouse and the UK has completely lost our technology industry. Our tech industry is in decline, same across Europe. China and the US know that the game is tech and they're basically pulling all the tech company into their borders.

And what's happening a lot is the erosion of good jobs and the erosion of just normal, well-paying jobs because they're going. And it's a bit of a self-fulfilling loop that the more we lose millionaires, the tax burden falls on everyone else so they put the taxes up and then the millionaires say, oh, the taxes are too high so they leave.

And what's happening a lot is the erosion of good jobs and the erosion of just normal, well-paying jobs because they're going. And it's a bit of a self-fulfilling loop that the more we lose millionaires, the tax burden falls on everyone else so they put the taxes up and then the millionaires say, oh, the taxes are too high so they leave.

I've watched some of the most incredible entrepreneurs that you would want here that would employ your sister at a high rate And they've picked up and left because the taxes are too high.

I've watched some of the most incredible entrepreneurs that you would want here that would employ your sister at a high rate And they've picked up and left because the taxes are too high.

Well, the overall government has to be smaller. You can't... So what do you want to cut in the government? If you... Yeah, well, I mean, you'd have to... Child services? We'd have to... Police? Education? NHS? All I know is this. Pensions? You go to Switzerland, they spend 25%. Disabled benefits? What do you want to cut? Hold up. All I know is in Switzerland, the government is 25%.

Well, the overall government has to be smaller. You can't... So what do you want to cut in the government? If you... Yeah, well, I mean, you'd have to... Child services? We'd have to... Police? Education? NHS? All I know is this. Pensions? You go to Switzerland, they spend 25%. Disabled benefits? What do you want to cut? Hold up. All I know is in Switzerland, the government is 25%.

That's not true.

That's not true.

Because the Duke of Westminster is one of the highest taxpayers in the country. What does he pay? Well, on the trust, the Grosvenor estate, they don't pay inheritance tax because trusts can't die. They pay something called periodic taxes. Which is how much? 6% every 10 years. So they pay 0.6% a year.

Because the Duke of Westminster is one of the highest taxpayers in the country. What does he pay? Well, on the trust, the Grosvenor estate, they don't pay inheritance tax because trusts can't die. They pay something called periodic taxes. Which is how much? 6% every 10 years. So they pay 0.6% a year.

Inheritance tax is 40% across the course of your life. If a person who owns a trust for 70 years, then 6% times 7 would be 42. So they actually pay more.