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Daniel Priestley

๐Ÿ‘ค Speaker
4387 total appearances

Appearances Over Time

Podcast Appearances

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

You must go and get a university degree.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

So they set up an entire system that pushed young people to go get ยฃ50,000 worth of debt and do a degree that no one was asking for.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

That's a market distortion.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

We now have a bubble of over ยฃ280 billion worth of debt that will probably never be repaid.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

We have an entire generation of young people

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

who are saddled with this debt that takes away all motivation.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

There's no point in working because they pay such high taxes.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Every single time they make a payment to pay off their student loan, they pay $600, but the debt goes up by $650.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Right?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

It's absolutely insane.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And that's a classic example of governments meddling with the markets, creating a market distortion, and now we have hundreds of billions of dollars worth of people who are very angry, very upset because they are trapped in a student debt that will not go away for decades.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

Yeah, not even a good tourist theme park.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

You know, there's...

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

You know, there's not a lot, you know, at least a lot of other countries have beaches and mountain ranges and ski resorts and, you know, the UK doesn't have a lot of that.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

We have to let markets function.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

The issue that we have, and this is actually a trap that you're falling into, is trying to figure out top down how do we organise society, which is socialism, right?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

The top down approach of trying to fix this problem for everybody is the socialist mindset, right?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

And it doesn't work.

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

If you were the prime minister and you can see the future that's coming, what would you do?

The Diary Of A CEO with Steven Bartlett
Daniel Priestley: Plumbers Will Earn More Than Lawyers! I Predicted 2008, Now I'm Warning About 2029

So the number one thing the UK needs to do is reduce government involvement.