Daniel Priestley
๐ค SpeakerAppearances Over Time
Podcast Appearances
You must go and get a university degree.
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.
That's a market distortion.
We now have a bubble of over ยฃ280 billion worth of debt that will probably never be repaid.
We have an entire generation of young people
who are saddled with this debt that takes away all motivation.
There's no point in working because they pay such high taxes.
Every single time they make a payment to pay off their student loan, they pay $600, but the debt goes up by $650.
Right?
It's absolutely insane.
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.
Yeah, not even a good tourist theme park.
You know, there's...
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.
We have to let markets function.
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 top down approach of trying to fix this problem for everybody is the socialist mindset, right?
And it doesn't work.
If you were the prime minister and you can see the future that's coming, what would you do?
So the number one thing the UK needs to do is reduce government involvement.