Daniel Priestley

And that's what New York is suddenly discovering.

So why does it matter?

Because rich people essentially create the growth.

They are the high taxpayers.

whichever way you want to say it or discuss it, it is a small group of people who pay a lot of the taxes.

You don't want those people to leave the economy.

What do you do about it?

The number one thing to do about it is you need to identify the opportunity that's right for you.

That's called founder opportunity fit.

What you're looking for is an opportunity where you can earn money no matter where you are in the world.

If you're somewhere that you don't perhaps like being for any reason, you can pick up and move.

So the best kind of businesses and the best kind of opportunities at the moment are the ones that are not geographically limited to a particular city.

It's the same story.

We've seen this over and over again.

Socialism is like a hot stove that every generation has to touch for themselves, that essentially every generation of young people, they think they've discovered something new.

They think, oh my goodness, what if we just go to the rich people and take it off them and give it to everybody else and we'll redistribute the wealth?

And even though it's been tried for 180 years since Karl Marx came along, it just doesn't work.

It is a disaster and it ruins economies over and over and over again.

And trying to offer lots and lots of free incentives without any productivity gains is a downward spiral.

What's your bear case for the future of AI?