Daniel Priestley

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

Yeah, so this diagram here basically says the most free countries have less than 10% poverty. In fact, less than 7% poverty. As soon as you reduce economic freedom, it jumps to 30% poverty. You reduce economic freedom again and it jumps up to huge amounts of poverty. So these countries here are the least economically free and these countries are the most economically free.

Yeah, so this diagram here basically says the most free countries have less than 10% poverty. In fact, less than 7% poverty. As soon as you reduce economic freedom, it jumps to 30% poverty. You reduce economic freedom again and it jumps up to huge amounts of poverty. So these countries here are the least economically free and these countries are the most economically free.

The countries that get in the way of your economic freedom have more poverty and the countries that let people make decisions for their own life have less.

The countries that get in the way of your economic freedom have more poverty and the countries that let people make decisions for their own life have less.

I'll give you a real-life example. I know of a company that was going to give pay rises to its employees and then national insurance went up and instead of giving... National insurance is a tax on employment?

I'll give you a real-life example. I know of a company that was going to give pay rises to its employees and then national insurance went up and instead of giving... National insurance is a tax on employment?

Good in theory, but... If you could tax rich people 1% of their wealth above $10 million, I did a back of a napkin calculation, you might be able to get $20 billion. Yeah. Right? That's if they don't leave. That's if they don't respond to it. If they just happily pay it, you get $20 billion. That's less than a week worth of current government spending. So the government's out of control.

Good in theory, but... If you could tax rich people 1% of their wealth above $10 million, I did a back of a napkin calculation, you might be able to get $20 billion. Yeah. Right? That's if they don't leave. That's if they don't respond to it. If they just happily pay it, you get $20 billion. That's less than a week worth of current government spending. So the government's out of control.

$1.2 trillion a year of government spending is now what they spend.

$1.2 trillion a year of government spending is now what they spend.

So that works out about $250 a year. Okay, so let's do more. Let's make it $60 billion. So then you tax 3% above wealth. Yeah. Do that.

So that works out about $250 a year. Okay, so let's do more. Let's make it $60 billion. So then you tax 3% above wealth. Yeah. Do that.

Government wealth is collapsing. But what they did is they sold the houses to the people. Okay, but ordinary middle class wealth is also collapsing. You can only do that once. And they did it for the baby business.

Government wealth is collapsing. But what they did is they sold the houses to the people. Okay, but ordinary middle class wealth is also collapsing. You can only do that once. And they did it for the baby business.

I'll tell you where the biggest amounts of money are going. The biggest amounts of money since the pandemic, $11 trillion went just to the value of seven companies that own technology. So the biggest seven companies in the USA, $11 trillion

I'll tell you where the biggest amounts of money are going. The biggest amounts of money since the pandemic, $11 trillion went just to the value of seven companies that own technology. So the biggest seven companies in the USA, $11 trillion

Would that help the UK?

Would that help the UK?

They own shares in the USA. They're US citizens. So that doesn't help us here.