Daniel Priestley

Can I ask you though, if wealth inequality could be solved but everyone does worse, is that a good solution?

This is about people being able to feed their kids. So wealth inequality is not the problem. It's... Collapsing living standards. That's quite contorted logic.

This is about people being able to feed their kids. So wealth inequality is not the problem. It's... Collapsing living standards. That's quite contorted logic.

So living standards, if they were to increase, but they were super rich, is that a problem?

So living standards, if they were to increase, but they were super rich, is that a problem?

By the way, I actually really agree with you. And the founding fathers of the US, they did, especially around the 1900s, they did want to break up monopolies. And breaking up monopolies was one of the big things that they did trust busting, where they broke up Standard Oil and all of those sorts of things.

By the way, I actually really agree with you. And the founding fathers of the US, they did, especially around the 1900s, they did want to break up monopolies. And breaking up monopolies was one of the big things that they did trust busting, where they broke up Standard Oil and all of those sorts of things.

One thing I do really see happening at the moment is that we have a stupid, outdated definition of monopolies, where we use monopolies the same way they used it when they had the oil companies that owned all the oil. In the technology world, a monopoly is formed through an ecosystem.

One thing I do really see happening at the moment is that we have a stupid, outdated definition of monopolies, where we use monopolies the same way they used it when they had the oil companies that owned all the oil. In the technology world, a monopoly is formed through an ecosystem.

So Amazon, for example, owning AWS and Audible and this and this and this and Whole Foods, it creates a fortress that's almost impossible to compete with. And Google owning YouTube and Gmail and all of this, they create these fortresses through ecosystems. One of the things that I do think we need to look at is

So Amazon, for example, owning AWS and Audible and this and this and this and Whole Foods, it creates a fortress that's almost impossible to compete with. And Google owning YouTube and Gmail and all of this, they create these fortresses through ecosystems. One of the things that I do think we need to look at is

compulsory breakup of big tech once you hit a certain time because it's very difficult because do you know billionaires have two big fears right keep them up at night uh having nightmares number two is high taxes number one is that startup entrepreneur who disrupts their business and they want to kill that early you know steve jobs at 24 years old disrupted ibm And Jeff Bezos disrupted Walmart.

compulsory breakup of big tech once you hit a certain time because it's very difficult because do you know billionaires have two big fears right keep them up at night uh having nightmares number two is high taxes number one is that startup entrepreneur who disrupts their business and they want to kill that early you know steve jobs at 24 years old disrupted ibm And Jeff Bezos disrupted Walmart.

So they are terrified of entrepreneurs in the middle. And they want to create government regulations to say, hey, you know what? Let's cap entrepreneurs at $10 million. You can get to $10 million. It's okay for us. We're way past that point. But Gary's our guy because he's going to cap everyone at $10 million.

So they are terrified of entrepreneurs in the middle. And they want to create government regulations to say, hey, you know what? Let's cap entrepreneurs at $10 million. You can get to $10 million. It's okay for us. We're way past that point. But Gary's our guy because he's going to cap everyone at $10 million.

Because what do you think will happen? People stop. As soon as you have wealth taxes, people just give up.

Because what do you think will happen? People stop. As soon as you have wealth taxes, people just give up.

It sounds ridiculous.

It sounds ridiculous.

But most traders are earning what most people earn in a lifetime, traders can earn in a year. Most traders don't stop. Talk about that a lot in my book. So most traders just keep going. Entrepreneurs are the same, that they're motivated to keep going. But when you have wealth advisors and investors saying, do not build a company in the UK because they're anti-wealth.