Daniel Priestley

That creative entrepreneurial process that produces amazing companies and amazing innovations and it creates stuff that is better, faster, and cheaper for everybody's lives, that comes from capitalism.

But if you take away the incentives for doing that, you essentially don't have that happen within your country.

And then as soon as you don't have that, you don't have any economic growth.

And then as soon as you don't have any economic growth, all you're left with is the debt.

And the debt erodes your economy and kills your economy.

And you don't have any growth to counterbalance the debt.

So you enter a downward spiral.

And that is basically the same socialist scam that happens over and over again

everywhere that it's tried.

You're essentially trying to get rid of the worst elements of an economy, which is cronyism and extraction, but that happens under socialism.

You just simply lose the one thing that doesn't happen under socialism, which is the creative process, the entrepreneurial process, the innovative process that creates new value in the economy.

So what we've currently done in the UK, we've taken away all incentives for people to be in the UK and to succeed.

I'm sure you know people personally who are no longer in the UK as tax residents who should be in the UK as tax residents.

They like the UK.

They enjoyed living in the UK.

But what happened?

They left.

You and I had a debate with a guy a year ago.

And he said, oh, no, people are not going to leave the UK.

We can tax them as high as we possibly can.