Daniel Priestley
π€ SpeakerAppearances Over Time
Podcast Appearances
I was fine 48 hours ago and now I'm a quadruple amputee. And he decides to make this decision in the hospital room that this is going to be the best thing that ever happened to him. And he makes that decision.
his him and his wiring what i'm trying to understand is he ended up he ended up starting a clinic and it's a multi-million dollar clinic yeah i mean it's incredible and he's the exception not the rule it's incredible what people but you only need a few people to succeed and the whole economy starts to improve we actually in this uk we only at the peak of our entrepreneurial like blitzing it where we're doing so well there was only 40 000 scale-ups
his him and his wiring what i'm trying to understand is he ended up he ended up starting a clinic and it's a multi-million dollar clinic yeah i mean it's incredible and he's the exception not the rule it's incredible what people but you only need a few people to succeed and the whole economy starts to improve we actually in this uk we only at the peak of our entrepreneurial like blitzing it where we're doing so well there was only 40 000 scale-ups
40,000 companies were creating jobs growth, higher wages, investment into the country. You know, it's only 1% of people who pay 30% of the taxes and 10% of people who pay 60% of the taxes. So you only need one in 100 to actually create something that's valuable and you get an extra 30% of taxes.
40,000 companies were creating jobs growth, higher wages, investment into the country. You know, it's only 1% of people who pay 30% of the taxes and 10% of people who pay 60% of the taxes. So you only need one in 100 to actually create something that's valuable and you get an extra 30% of taxes.
So what are you saying to those, the 99% there? Are you saying go get a job? Well, you need wealth creators in the economy who are building something. Like you take... Gymshark, people who work at Gymshark, they're super glad that this guy started the company. They're really happy that there's a company. Otherwise, where would they go? What would they work? Where would they work?
So what are you saying to those, the 99% there? Are you saying go get a job? Well, you need wealth creators in the economy who are building something. Like you take... Gymshark, people who work at Gymshark, they're super glad that this guy started the company. They're really happy that there's a company. Otherwise, where would they go? What would they work? Where would they work?
So if Ben decides that he doesn't want to start that company in the UK or if he gets to 10 million and stops, then all of those additional jobs are toast. They're all gone.
So if Ben decides that he doesn't want to start that company in the UK or if he gets to 10 million and stops, then all of those additional jobs are toast. They're all gone.
You're saying those that have that bias or that... I'm saying we need a system that encourages the people who can to do. And what about everybody else? Well, the flow-on effect is that that creates jobs, that creates wealth in the economy, and free markets lift everybody up. Free markets just means that everyone's trading with everyone.
You're saying those that have that bias or that... I'm saying we need a system that encourages the people who can to do. And what about everybody else? Well, the flow-on effect is that that creates jobs, that creates wealth in the economy, and free markets lift everybody up. Free markets just means that everyone's trading with everyone.
You know, it starts to, like, the whole thing, I mean, it's just a tale as old as time. As soon as economies are free and there are entrepreneurs starting things and growing things, everyone's life improves. Everyone's life gets better. And what part of that do you disagree with, Gary?
You know, it starts to, like, the whole thing, I mean, it's just a tale as old as time. As soon as economies are free and there are entrepreneurs starting things and growing things, everyone's life improves. Everyone's life gets better. And what part of that do you disagree with, Gary?
He's right that for most of history you've had the super elite and then everyone else is down here and it's massive wealth inequality is almost the normal for the last 5,000 years and almost everywhere you've got kings, queens, dukes and peasants and serfs down there. There have been economic situations that have been different. Dubai is a really strange situation. It's a desert.
He's right that for most of history you've had the super elite and then everyone else is down here and it's massive wealth inequality is almost the normal for the last 5,000 years and almost everywhere you've got kings, queens, dukes and peasants and serfs down there. There have been economic situations that have been different. Dubai is a really strange situation. It's a desert.
It's inhospitable to live in. It's the last place in the world most people would think or choose that they would want to be, and yet it's one of the most economically rich places in the world right now. They actually didn't start with oil wealth. They were able to borrow money to build Dubai.
It's inhospitable to live in. It's the last place in the world most people would think or choose that they would want to be, and yet it's one of the most economically rich places in the world right now. They actually didn't start with oil wealth. They were able to borrow money to build Dubai.
But the low-tax environment has now attracted some of the world's most talented people to go and build technology companies there. And I don't know, have you been there recently?
But the low-tax environment has now attracted some of the world's most talented people to go and build technology companies there. And I don't know, have you been there recently?
So at the moment, it is the most thriving entrepreneurial community on earth outside of the US, but probably even rivaling the US, that there are investors, there's entrepreneurs, and the wealth is going through the roof. I've got two friends who are personal trainers, fitness trainers.