Daniel Priestly | Why Millionaires Are Leaving the UK & What Entrepreneurs Need to Know
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 7 April 2025
⏱️ 166 minutes
🧾️ Download transcript
Summary
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Rob is joined by Daniel Priestley, following his viral debate with Gary Stevenson. They discuss the UK's economic challenges, government inefficiency and why entrepreneurs are leaving the country. Daniel shares practical ideas for fixing Britain's economy and advice for aspiring entrepreneurs.
Daniel Priestly REVEALS:
- Why the rich are leaving the UK
- What drives wealth inequality
- Why spare bedrooms are creating a housing crisis and declining birth rates
- Why the UK needs to recognise entrepreneurs as major employers, taxpayers and contributors
- Why being too sick to work has jumped from a historical 2% to 11%
- The best path to entrepreneurship
BEST MOMENTS
"The British, only a few generations ago, just confidently went and took over the whole freaking world.”
"We have two societies. One society is doing things the way we are taught to do it in the schooling system where they go and try and get an office job with very low leverage. And the other has digital assets, and have their own software company, they can create vast sums of wealth relative to people who don't do that."
"This country doesn't offer a value proposition for someone like me. If I went to Switzerland right now, I'd pay hundreds of thousands less in tax. I wouldn't really even have to think about tax. I spend time every week now thinking about tax."
"I've got a theory about wealth inequality. People blame the rich. But I believe that governments create or at least exaggerate wealth inequality.”
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ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
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Transcript
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| 0:00.0 | Wow, Daniel, that Diary of the CEO episode, Gary Stevenson versus Daniel Priestley, |
| 0:08.8 | one sentence summarise how that was for you. |
| 0:13.3 | Incredibly exciting. It was a moment, a million out of, a million people in the UK watched it. |
| 0:22.4 | One in 35 people in the UK watched that episode. It's been a, it's been something that has sparked a huge conversation in the |
| 0:28.2 | country. Obviously, it's a conversation that people want to have. And it was, yeah, it was exhilarating. |
| 0:34.1 | So is Gary Stevenson somewhat on the edge of a nervous breakdown? |
| 0:41.6 | He's definitely sitting on a lot of anger. |
| 0:43.9 | He's angry, which I understand from his point of view, wealth inequality is something |
| 0:50.8 | to be very angry about. |
| 0:52.5 | The people who are relating to his content, they want a |
| 0:56.6 | voice of anger. Is he angry with the wrong people? Yeah, he's misguided. He's definitely |
| 1:04.2 | misguided. He's very low resolution. He has a very low resolution view of the world, |
| 1:08.0 | which is, what do you mean? Well, there's no real nuance. It's essentially wealth inequality is getting worse, in his opinion, right? |
| 1:16.6 | He doesn't share a lot of facts or data. |
| 1:18.6 | He doesn't actually tell you where he draws that opinion from other than personal anecdotes and |
| 1:22.6 | personal observation, which is fine. |
| 1:23.6 | That may be where he draws it, but he never shares any broader research. So |
| 1:28.1 | wealth inequality is getting worse. The rich are responsible and are accumulating too much |
| 1:35.0 | wealth. And therefore, the only solution is to tax wealth. And that's it. That's the whole, |
| 1:41.8 | that's the whole argument there. Wow. Well, I mean, just to jump in, you've got to define wealth, lots of different definitions. |
| 1:47.0 | And also, this really pisses me off. I mean, we need to talk about this. You need to define the rich. |
| 1:51.0 | Yeah. Well, he defines it as 10 million and up. |
... |
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