Daniel Priestley

Look, if my objective was to avoid it, I pass a board resolution that we're moving the head office somewhere else. We move the intellectual property somewhere else. I pick up and move my family somewhere else. And within about a week or two, we've got a WeWork office somewhere else. I've got a new house on Airbnb somewhere else.

and I cut ties with the UK and I'm non-tax resident here and I have a digital business. I can literally make my head office anywhere in the world. If there was a particular country that turned hostile towards our operations, then I'd have to withdraw service from that thing, you know, so that's possible but it's unlikely that that would actually happen.

and I cut ties with the UK and I'm non-tax resident here and I have a digital business. I can literally make my head office anywhere in the world. If there was a particular country that turned hostile towards our operations, then I'd have to withdraw service from that thing, you know, so that's possible but it's unlikely that that would actually happen.

But ultimately, if I choose to get up and leave, then I get up and leave. Now, the bigger issue is would I have even come here in the first place? And then there's another issue. And here's the other issue, Gary, for you. You've just had 750,000 subscribers to your YouTube channel. It's 820, right? It's 820, right? So it's going up fast.

But ultimately, if I choose to get up and leave, then I get up and leave. Now, the bigger issue is would I have even come here in the first place? And then there's another issue. And here's the other issue, Gary, for you. You've just had 750,000 subscribers to your YouTube channel. It's 820, right? It's 820, right? So it's going up fast.

I could have one of my analysts at a consulting company do a valuation of your brand and do a valuation of your YouTube channel. We could say this is a fast growth media company and it's worth $11 million, right? So we could come up with a forecast and a projection and we say Gary's Economics is actually a new fast growth media brand. It's worth $11 million.

I could have one of my analysts at a consulting company do a valuation of your brand and do a valuation of your YouTube channel. We could say this is a fast growth media company and it's worth $11 million, right? So we could come up with a forecast and a projection and we say Gary's Economics is actually a new fast growth media brand. It's worth $11 million.

Now, your channel, now you have to pay 100 grand a year in extra taxes because you're a millionaire.

Now, your channel, now you have to pay 100 grand a year in extra taxes because you're a millionaire.

Oh, you're saying only on the part above. That's how taxes work. Okay, so it's not on everything. Okay, so it's a marginal tax. That's how taxes work. It's above. Okay, but is it fair that like who gets to decide what wealth is wealth and what it's worth? Because wealth, let's just hear me out. Wealth is a technical term for unrealised gains, right? It's not real.

Oh, you're saying only on the part above. That's how taxes work. Okay, so it's not on everything. Okay, so it's a marginal tax. That's how taxes work. It's above. Okay, but is it fair that like who gets to decide what wealth is wealth and what it's worth? Because wealth, let's just hear me out. Wealth is a technical term for unrealised gains, right? It's not real.

You know, someone buys a house for 20 grand and it's worth 200 grand. They've still got the same house, but now they've got wealth. If someone starts a business and a tiny little seed investor puts in a little angel investment, now they've got wealth on paper. But who gets to say what is wealth? Like, for example,

You know, someone buys a house for 20 grand and it's worth 200 grand. They've still got the same house, but now they've got wealth. If someone starts a business and a tiny little seed investor puts in a little angel investment, now they've got wealth on paper. But who gets to say what is wealth? Like, for example,

If you introduce wealth taxes, theoretically, that will actually reduce the value of wealth of things anyway because things inside that economy are now subject to a disadvantage. So therefore, investors will be unlikely to invest in them to a certain point. And also, people start cutting and dodging and weaving and ducking and weaving.

If you introduce wealth taxes, theoretically, that will actually reduce the value of wealth of things anyway because things inside that economy are now subject to a disadvantage. So therefore, investors will be unlikely to invest in them to a certain point. And also, people start cutting and dodging and weaving and ducking and weaving.

So they say, oh, our UK operation's worth 10 million, so we're now going to start a second company over in some other country and make sure that's where the wealth accumulates. I know. I know it's difficult.

So they say, oh, our UK operation's worth 10 million, so we're now going to start a second company over in some other country and make sure that's where the wealth accumulates. I know. I know it's difficult.

So what if there was an easier solution?

So what if there was an easier solution?

It's called economic freedom. The economic freedom index.