EMERGENCY DEBATE: They Lied About The Economy Recovering! Is A Financial Apocalypse Coming?

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.6 • 13.2K Ratings

🗓️ 20 March 2025

⏱️ 145 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the economy on the brink of collapse? Gary Stevenson and Daniel Priestley break down the emergency financial crisis no one is talking about The Diary Of A CEO’s economics debate is joined by 2 experts: Gary Stevenson and Daniel Priestley. Gary Stevenson is a British economist, former financial trader, and author of The Trading Game. Daniel Priestly is an award-winning serial entrepreneur who has written 5 books on starting and scaling businesses. In this conversation, Gary, Daniel, and Steven discuss topics such as, whether there is a financial apocalypse looming, if both the US and the UK are running out of money, how the next financial crash could be worse than 2008, and why millionaires are fleeing the UK. 00:00 Intro 02:10 Who Is Gary Stevenson? 07:30 Who Is Daniel Priestly? 10:04 The Importance of Economic Freedom 11:56 Who Are We Blaming for the Economic Situation? 13:32 The UK & US Debt We're Carrying From COVID 17:44 Is There Financial Security for Most of Us in 2025? 26:13 What Does Gary Think of Daniel's Views? 28:58 The Current Homeownership Situation 34:21 US vs UK Market With Building Technology 36:38 Taxing Billionaires 41:03 Do You Tax Their Value or the Countries Where They Trade? 45:36 Why Are Millionaires Leaving the UK? 48:49 Stopping Profit Shifting of Companies 52:40 How $10M+ Companies Avoid Taxes 58:01 Where Is the Biggest Amount of Money Going? 01:00:06 How to Bring Big Tech Companies and Entrepreneurs to the UK 01:04:45 Are Tax Evasions Causing Issues With NHS, Education, and Higher Crime? 01:10:31 Why Poor People Are Struggling to Build Wealth 01:19:49 Ads 01:20:53 How to Create Wealth in the Economy 01:37:17 Monopolies 01:40:18 Advice to Younger People 01:45:02 What to Do as a Young Person 01:47:12 Take Action: Play the Cards You Are Dealt 01:51:45 Do We Have Personal Responsibility to Change This? 01:54:05 Is the Current Education System Failing Us? 02:00:56 Inheritance Taxes 02:04:50 Ads 02:10:05 America's Approach to Building Wealth Research Document: https://stevenbartlett.com/wp-content/uploads/2025/03/DOAC-debate-Gary-Daniel-Independent-research.pdf Follow Gary: YouTube - https://g2ul0.app.link/xdrUsPgERRb Instagram - https://g2ul0.app.link/OoThWmfERRb Follow Daniel: X - https://g2ul0.app.link/3ui4EJjERRb Instagram - https://g2ul0.app.link/Wa2RfsaHRRb Website - https://g2ul0.app.link/jUbxNu8GRRb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Fiverr - http://fiverr.com/diary with code DIARY WHOOP - https://JOIN.WHOOP.COM/CEO Perfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm sick of multi-millionaires telling kids who can't afford to turn the heating on,
0:04.3	you just need to be more entrepreneurial. It's sick, Dan, it's sick.
0:07.6	Well, your video where you talk about, if you don't have a rich dad, you're screwed.
0:10.9	Well, to me, if I had have come across your content at 19, 20 years old, I would have been screwed.
0:15.5	My friends can't feed their kids, okay?
0:18.3	If it was that easy, why is everyone not doing it back? I'll tell you why people aren't doing it.
0:21.7	It's because...
0:22.4	You're like to say one thing back on that.
0:26.7	Today's debate is fiery to say the least, but important nonetheless.
0:31.1	As I sat down with two leading experts in wealth and entrepreneurship and the economy
0:35.4	to discuss the state of the US, the state of the UK and
0:38.3	the Western world. Do you think the reason the average British people are getting poorer
0:42.2	is because they don't know how to create wealth? No, the reason people are getting poorer
0:46.1	is because of big governments, record levels of taxes, an outdated schooling system, technology
0:51.0	and remote work. Are you sure about that? How do you disagree with those opinions?
0:54.9	Living standards are falling because of growing wealth inequality. If you allow the rich to get richer,
0:59.2	they squeeze the middle class and the poor class out of things like housing. Let's cut tax
1:02.9	of people who are working hard and it's raised tax on the richest and most powerful people in the
1:06.6	world. That's an overly simplified view of things. We now have a thousand millionaires a month leaving,
1:11.5	which means every ordinary person who pays 10 grand a year in tax will now have to pay 20 grand
1:15.7	a year in tax. You end up cutting off your nose to spite your face. If we are a country that don't
1:20.2	try and do things which are necessary because they are hard, then our kids will live in poverty.
	...

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