This Is Why You Can’t Afford a House — The Truth About Inflation, AI, and Why Everything Feels Unfair | Daniel Priestley PT 1
Tom Bilyeu's Impact Theory
Exploring Wealth Inequality and Taxation Perspectives
This chapter examines the complexities of wealth inequality, focusing on technology, money printing, and debt. It critiques the conventional wisdom of taxing billionaires as a solution by referencing historical perspectives and challenging societal views on wealth distribution.
Tom Bilyeu welcomes Daniel Priestley, best-selling author, entrepreneur, and expert on the intersection of technology, economics, and social change. In Part 1, Tom and Daniel embark on a raw and intellectually charged exploration of what’s gone wrong with the modern economy, why younger generations are angry, and how technology is accelerating economic inequality. Daniel draws on his personal journey from Pizza Hut delivery driver in a small town to global software entrepreneur, sharing firsthand how tech has become the ultimate lever — for those who know how to use it.
SHOWNOTES
04:26 The resentment toward the economy and what’s fueling it
04:42 Daniel explains the shift from a bell curve economy to a tech-leveraged inequality
05:14 Why technology creates inequality and the marathon analogy
06:08 Daniel’s path from low-tech jobs to software entrepreneurship
07:29 The digital nomad explosion and the post-COVID acceleration
11:16 The significance of the 1970s and new forms of money/forecasting
12:18 Productivity booms, followed by consumption — and the trap of debt
13:08 Tom’s critique of government debt/fiscal responsibility
14:22 Daniel’s reaction to Gary’s economic perspectives and debates on tax/wealth
15:37 The emotional response of the next generation, the popularity of economic outrage
17:30 The clinical method: identifying problems, causes, and treatments
18:38 Why “tax the billionaires out of existence” misses the target
31:37 Historical case studies: Argentina, Korea, Berlin, Poland, Germany
34:30 The risk of “cartoon” simplifications, and real lessons from A/B-tested history
35:43 The hollowing out of the middle class — data behind social mobility
39:33 Who could afford big homes in the past — and why that’s changed
40:19 Tom’s breakdown of money printing, inflation, and real vs. illusory wealth
CONNECT WITH DANIEL PRIESTLEY
Instagram: https://www.instagram.com/danielpriestley/
LinkedIn: https://www.linkedin.com/in/danielpriestley/
Twitter/X: https://twitter.com/DanielPriestley
Website: https://www.danielpriestley.com
CHECK OUT OUR SPONSORS
Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out
Monarch Money: Use code THEORY at https://monarchmoney.com for 50% off your first year!
Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact
Netsuite: Download the CFO’s Guide to AI and Machine Learning at https://NetSuite.com/THEORY
iTrust Capital: Use code IMPACTGO when you sign up and fund your account to get a $100 bonus at https://www.itrustcapital.com/tombilyeu
Mint Mobile: If you like your money, Mint Mobile is for you. Shop plans at https://mintmobile.com/impact.
DISCLAIMER: Upfront payment of $45 for 3-month 5 gigabyte plan required (equivalent to $15/mo.). New customer offer for first 3 months only, then full-price plan options available. Taxes & fees extra. See MINT MOBILE for details.
What's up, everybody? It's Tom Bilyeu here:
If you want my help...
-
STARTING a business: join me here at ZERO TO FOUNDER
-
SCALING a business: see if you qualify here.
Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.
**********************************************************************
If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.
**********************************************************************
LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory
**********************************************************************
FOLLOW TOM:
Instagram: https://www.instagram.com/tombilyeu/
Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en
Twitter: https://twitter.com/tombilyeu
YouTube: https://www.youtube.com/@TomBilyeu
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
