Steven
👤 PersonAppearances Over Time
Podcast Appearances
power to become concentrated because they came from a Europe which had extremely concentrated power and extremely wealthy elites and extremely broad poverty. So I think that allowing a small group of society to increasingly monopolise power and wealth over time is obviously something we should be worried about.
power to become concentrated because they came from a Europe which had extremely concentrated power and extremely wealthy elites and extremely broad poverty. So I think that allowing a small group of society to increasingly monopolise power and wealth over time is obviously something we should be worried about.
But primarily, the reason that I worry about wealth inequality is because I see and I bet on and I make money on the fact that it causes living standards to fall.
But primarily, the reason that I worry about wealth inequality is because I see and I bet on and I make money on the fact that it causes living standards to fall.
I never said cap anyone at $10 million, by the way.
I never said cap anyone at $10 million, by the way.
He said to me, our viewers, if they knew they could build a 20, 30 million pound company.
He said to me, our viewers, if they knew they could build a 20, 30 million pound company.
But they knew they would have to pay 20. If you're worth 30 million, 1% above is 200 grand a year. So if I said, you can have a 30 million pound company. Just bear in mind, you make 5% a year on your wealth. So if you've got a 300 million pound company, you're going to be making 15 million pounds a year.
But they knew they would have to pay 20. If you're worth 30 million, 1% above is 200 grand a year. So if I said, you can have a 30 million pound company. Just bear in mind, you make 5% a year on your wealth. So if you've got a 300 million pound company, you're going to be making 15 million pounds a year.
And I'm turning to you and I'm going to say, you've got to pay 200 grand a year on your 15 million pound revenue. And they're going to say, you know what? I'm not going to start a business. I don't want to be worth 30 million quid. You know this is ridiculous.
And I'm turning to you and I'm going to say, you've got to pay 200 grand a year on your 15 million pound revenue. And they're going to say, you know what? I'm not going to start a business. I don't want to be worth 30 million quid. You know this is ridiculous.
You know nobody is going to say, oh, my God, I don't want to be a multi-multi-millionaire because in 20 years' time I'll have to pay 1% taxes.
You know nobody is going to say, oh, my God, I don't want to be a multi-multi-millionaire because in 20 years' time I'll have to pay 1% taxes.
I'm not trying to make the UK anti-wealth. I'm not trying to make the UK anti-wealth. I think the UK and the US need to be looking at a situation where you cannot allow people who own enormous businesses that sell to your country to live in Dubai, to live in the Cayman Islands and not pay tax. And I don't think that's a controversial position.
I'm not trying to make the UK anti-wealth. I'm not trying to make the UK anti-wealth. I think the UK and the US need to be looking at a situation where you cannot allow people who own enormous businesses that sell to your country to live in Dubai, to live in the Cayman Islands and not pay tax. And I don't think that's a controversial position.
I've got a question for both of you, which is if you are a young person and you're 18 years old now and that you're listening to this, but your objective really is an individualistic one. You want to get rich and you have a great future for you and your family, like all of us have been able to do. What would your advice be to them, Gary, at this moment in time?
I've got a question for both of you, which is if you are a young person and you're 18 years old now and that you're listening to this, but your objective really is an individualistic one. You want to get rich and you have a great future for you and your family, like all of us have been able to do. What would your advice be to them, Gary, at this moment in time?
This is such a hard question. I know Dan's angry at me for what I put in my video, how to get rich. Somebody came round to my house and asked me this the other day. Obviously, I get asked it a lot because... Stupidly, I'm very public about the fact that I'm rich. What I did is not replicable. What I did is not replicable. It's not. I'm sorry. I'm sorry, but it's not.
This is such a hard question. I know Dan's angry at me for what I put in my video, how to get rich. Somebody came round to my house and asked me this the other day. Obviously, I get asked it a lot because... Stupidly, I'm very public about the fact that I'm rich. What I did is not replicable. What I did is not replicable. It's not. I'm sorry. I'm sorry, but it's not.