Daniel Priestley

So I'm talking about entrepreneurs' work generates wealth.

Yeah.

Yeah.

Yeah.

Yeah.

Let's make people pay tax on their wealth regardless of where they live. Yeah, the question would be, though, how would you tax people, right, and how would you actually structure it? Because regardless of what you feel like is fair, this is the thing, it's not about fairness, it's about what you can pragmatically and practically do in the modern economy.

Let's make people pay tax on their wealth regardless of where they live. Yeah, the question would be, though, how would you tax people, right, and how would you actually structure it? Because regardless of what you feel like is fair, this is the thing, it's not about fairness, it's about what you can pragmatically and practically do in the modern economy.

You might say, oh, I actually, like, for example, if we said what's fair, a lot of people would say a flat tax is fair. You make one pound, you pay 20%. You make a million pounds, you pay 20%. Make a hundred million pounds, you pay 20%. So a lot of people would say the fairest tax system would just be a flat tax on everything, right? That would be a fair thing. It's pragmatically, can you do it?

You might say, oh, I actually, like, for example, if we said what's fair, a lot of people would say a flat tax is fair. You make one pound, you pay 20%. You make a million pounds, you pay 20%. Make a hundred million pounds, you pay 20%. So a lot of people would say the fairest tax system would just be a flat tax on everything, right? That would be a fair thing. It's pragmatically, can you do it?

Is it actually good for society? Should people be excluded from that? So it's not about fairness. It's about pragmatically, what can you get away with? All right, well, pragmatically, what we can get away with is desperate poverty for our viewers' kids. If you want to have... Can we zoom out just a minute, right? I want to zoom out. Let's zoom away from our viewers' kids. Forget about them.

Is it actually good for society? Should people be excluded from that? So it's not about fairness. It's about pragmatically, what can you get away with? All right, well, pragmatically, what we can get away with is desperate poverty for our viewers' kids. If you want to have... Can we zoom out just a minute, right? I want to zoom out. Let's zoom away from our viewers' kids. Forget about them.

They're not going forward. I'm a dad, right?

They're not going forward. I'm a dad, right?

That's the number. It's called persistence. You can Google it. The persistence rates is actually only 40% for the richest, which means 60% drop out in the second. Do you think your kids have a 60% chance of living in poverty? Not poverty.

That's the number. It's called persistence. You can Google it. The persistence rates is actually only 40% for the richest, which means 60% drop out in the second. Do you think your kids have a 60% chance of living in poverty? Not poverty.

No, I want widespread affluence through the technological revolution that's happening, and I don't want the people who create that to want to go somewhere else.

No, I want widespread affluence through the technological revolution that's happening, and I don't want the people who create that to want to go somewhere else.

Well, broadly.

Well, broadly.

Let's cut tax on people who are making income.