Daniel Priestley
π€ SpeakerAppearances Over Time
Podcast Appearances
No, I'm saying no.
I've got nothing wrong.
I've got nothing wrong.
Nice.
Nice.
A few things. I read Gary's book and it's brilliant. And regardless of whether you actually like economics, it's a brilliant story. I read it in about two or three days and it'll eventually be a good movie as well. I agree with a lot of what Gary's saying. There is a collapse of the middle class and it probably will get worse.
A few things. I read Gary's book and it's brilliant. And regardless of whether you actually like economics, it's a brilliant story. I read it in about two or three days and it'll eventually be a good movie as well. I agree with a lot of what Gary's saying. There is a collapse of the middle class and it probably will get worse.
And the traditional middle class jobs that came out of the back of the industrial age, mature industrial revolution system, those are collapsing and it's globalising. We're seeing technology move opportunities all over the world. And wealth inequality, it has a cause. Wealth inequality itself is a scoreboard and there's a cause for what led up to wealth inequality.
And the traditional middle class jobs that came out of the back of the industrial age, mature industrial revolution system, those are collapsing and it's globalising. We're seeing technology move opportunities all over the world. And wealth inequality, it has a cause. Wealth inequality itself is a scoreboard and there's a cause for what led up to wealth inequality.
And the cause in my mind is technology. Technology is moving those opportunities around and it's changing things. We already have big governments. We have huge amounts of taxes. We're at record levels of taxes. Wealth has never been more mobile. It's not about what's fair. It's about what you can practically get away with. It's about what you can actually implement.
And the cause in my mind is technology. Technology is moving those opportunities around and it's changing things. We already have big governments. We have huge amounts of taxes. We're at record levels of taxes. Wealth has never been more mobile. It's not about what's fair. It's about what you can practically get away with. It's about what you can actually implement.
And it's going to be very, very, as Gary said, it's going to be very, very, very hard to tax people who have digital businesses, who can live and work from anywhere. I know that firsthand that it's incredibly mobile. With that said, at a macro level, big picture, we do know that there is a correlation between economic freedom, where the government gets out of your way, and low poverty rates.
And it's going to be very, very, as Gary said, it's going to be very, very, very hard to tax people who have digital businesses, who can live and work from anywhere. I know that firsthand that it's incredibly mobile. With that said, at a macro level, big picture, we do know that there is a correlation between economic freedom, where the government gets out of your way, and low poverty rates.
And we know that as soon as governments become big, high taxes, high regulations, it actually drops down a category and we see poverty goes up from 10% to 30%. So it triples. So the Constricting economic freedom is never a good idea if you look at the data. At a micro level, there's never been a greater opportunity for anyone who's ambitious and entrepreneurial to go and start a company.
And we know that as soon as governments become big, high taxes, high regulations, it actually drops down a category and we see poverty goes up from 10% to 30%. So it triples. So the Constricting economic freedom is never a good idea if you look at the data. At a micro level, there's never been a greater opportunity for anyone who's ambitious and entrepreneurial to go and start a company.
It's cheaper than ever to start a company. You can do what Gary's done, which is publish content, build a following. figure out how to monetize it. You can create products and services and sell them to anywhere in the world. You're an example of someone who started with nothing and became a millionaire in your 20s and then again in your 30s with a completely different thing.
It's cheaper than ever to start a company. You can do what Gary's done, which is publish content, build a following. figure out how to monetize it. You can create products and services and sell them to anywhere in the world. You're an example of someone who started with nothing and became a millionaire in your 20s and then again in your 30s with a completely different thing.
He became a millionaire in his 20s and then again in his 30s as a bestselling author and a content creator. I did it in my 20s, my 30s, and now my 40s, starting from scratch. So It's not normal that three guys our age could have done that over and over again. It's because we are living in a time where there is incredible opportunities, but you have to be tapped into those opportunities.
He became a millionaire in his 20s and then again in his 30s as a bestselling author and a content creator. I did it in my 20s, my 30s, and now my 40s, starting from scratch. So It's not normal that three guys our age could have done that over and over again. It's because we are living in a time where there is incredible opportunities, but you have to be tapped into those opportunities.
You never heard about it at school. You never heard about it at university. You're going to have to learn the skills to get tapped into those opportunities. But there are definitely ways that you can succeed in the world that we're living in.