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Language: en
Less than 30 people own as much wealth
as the poorest 50% of humanity combined.
That's 3.8 billion people in the bottom
half and 30-ish at the top. Not 30
million or 30,000, 30. Think about that
for a second. You could fit them all on
a single private flight and they've got
as much economic power as half of the
entire planet. And to make it even more
fun, the concentration of wealth is
actually accelerating. In 2016, it took
62 billionaires to match the wealth of
humanity's poorest half. By 2017, that
number shrunk to 43. And by 2018, we
arrived at the current figure, 26
billionaires. And according to the 2022
World Inequality Report, 2020 saw the
single steepest increase in billionaire
share of global wealth ever recorded in
history. Then in March of 2025, Oxfam
released another chilling report
confirming the trend. In the past two
years alone, the richest 1% gained
nearly twice as much wealth as the
bottom 99% of the population combined.
Wealth isn't just concentrating. It's
spiraling upwards at an everinccreasing
breakneck pace. We passed stupid amounts
of inequality a long time ago and we are
now approaching dangerous amounts.
Societies do not remain stable when
inequality gets this out of hand. So,
here's the question everyone is asking.
Should billionaires even exist? That's
the question we're going to answer here
today. And many of you are going to find
my answer shocking. But before we get to
that, I want to know what you guys
think. So, take a second, leave a
comment. Let me know if you think
billionaires should exist or not. All
right, let me paint a picture for you.
Today, the wealth gap has become a
canyon. Social mobility has collapsed.
And the American dream is rapidly
becoming a myth. And people are
understandably mad. The real question
though is are billionaires proof that
capitalism has finally broken or are
they merely a symptom of a deeper rot in
our economic and cultural foundation or
could it be something else entirely?
Have you ever heard of amalloid plaque?
For a long time, it was suspected to be
the cause of Alzheimer's disease.
Whenever you autopsy the brain of
someone with Alzheimer's, you would
inevitably find amaloid plaque
everywhere. Over time, however,
researchers began to wonder if instead
of being the cause, if it was more like
an ambulance at the scene of an
accident. Think about it. If you were an
alien looking down on Earth and you saw
ambulances every time you came across
the scene of an accident, you'd be
tempted to conclude that ambulances
cause accidents. But in reality, they
simply show up in response to an injury.
If that's billionaires, though, the
question is, what's the injury? Part
one, the Statue of Liberty and what
America used to be. The year is 1886.
The Statue of Liberty has just been
erected in New York Harbor. Millions of
immigrants from all over the world are
greeted by the comforting words engraved
on Lady Liberty. Give me your tired,
your poor, your huddled masses, yearning
to breathe free. However, when those
huddled masses set foot on dry land,
inequality is going to slap those tired,
poor, and huddled masses right in the
face. Forget the poem. This is the
Gilded Age. By 1897, the richest 4,000
American families, less than 0.03%
of the population, had as much wealth as
the other 11.6 million families
combined. One family alone, the
Vanderbilts, controlled more wealth than
the entire US Treasury at the time.
Sound familiar? Names like Rockefeller,
Carnegie, Vanderbilt, and Morgan,
monopolized industries like oil, steel,
and railroads. They built their fortunes
through sheer industrial power and
complete control of physical assets.
They owned the factories, the rails, the
mines, and the land. Most importantly,
their wealth allowed them to influence
politics by monopolizing industries and
wielding regulatory capture as a weapon.
However, they gutted the middle class
and that accident sealed their fate.
There simply is no social stability in a
free society without a thriving middle
class. Elites in the guilded age seem
blind to this. As elites today also seem
blind to this. Once you kill the middle
class, resentment kicks in. Rich people
start turning to philanthropy to keep
from getting murdered. And I mean that
literally. And the masses begin to turn
on the whole game of capitalism. Now,
that wouldn't be a big deal except for
the fact that capitalism is the only
economic structure that is actually
compatible with freedom. A barter
economy doesn't scale. Command economies
like socialism lead to murder. So does
communism. Mixed economies like social
democracy are just bus stops on the way
to socialism. It only works in small
homogeneous countries and it kills
innovation. And don't take my word for
it. Just look at the fact that America
represents only 4% of the world's
population, but accounts for nearly half
of all billion dollar companies in the
world. So why did capitalism lead to the
grotesque inequality of the guilded age?
And why is it happening again today?
First, because inequality is the
historical norm, not the exception.
Second, humans are not blank slates. If
you believe we are, you're going to have
to explain why 89 of the top 100
marathon runners in the world are all
ectomorphic men from a single region in
East Africa. For whatever reason, God,
evolution, whatever you believe in, has
clearly seen fit to give us all
different abilities. We are not all
created equal physically,
psychologically, or intellectually. We
do not even get equal developmental or
cultural advantages. And as such, you
shouldn't expect equality of outcome
unless you're willing to set everyone's
results to zero through force. And if
that sounds tempting, just know that
experiment has been run many times in
history. And over and over, history has
shown if you force everyone to be equal,
it delivers catastrophic results. From
Ma China, where forced equality starred
45 million people to death, to the
brutality of both Lenin and Stalin's
Soviet utopias, where statemandated
equality resulted in poverty, suffering,
and death on a mass scale. History gives
us a very clear lesson. If you do
nothing to regulate capitalism, you end
up with a pathological result that looks
exactly like America's guilded age.
Robberons abound and they control almost
all of wealth and industry. If you swing
too far the other way, however, and
overregulate capitalism or abolish it
altogether, you end up starving people
to death, locking them in goologs, or
both. But is there a third way? Could
you create a monetary system that
smooths out capitalism's rough edges
through a careful blend of debt, money
printing, and entitlements? It's called
modern monetary theory, and it turns out
that experiment is being run right now,
and the results are going to shock you.
Welcome to part two, the modern method
for printing billionaires. During the CO
19 pandemic, as millions of Americans
lost their jobs and thousands of
businesses closed forever, billionaires
increased their wealth by over $5
trillion.
That's more than the entire GDP of
Germany, the world's fourth largest
economy. Drink that in. In one of the
greatest crises in modern history,
billionaires didn't just make it
through. They gained more wealth than
the entire economic output of Europe's
most powerful nation. And that certainly
didn't go unnoticed. Many people
screamed for reform, calling this result
the disgusting outcome of a sinister
system called capitalism. But that
sucking sound of wealth being hoovered
up from the middle class and working
poor going to the billionaire class is
not the result of capitalism. It's the
result of financial engineering. And I'm
going to prove it. Remember, unequal
outcomes are inevitable. But not like
this. The modern economy is truly rigged
against you. It's just that people don't
understand exactly how it's rigged and
the how matters a lot if we're going to
fix it. There are physics to how
billionaires are created today and it's
not the same as how they were created in
the guilded age. In the late 1800s,
America faced inequality almost
unimaginable even by today's standards.
It was a time dominated by titans like
John D. Rockefeller and Standard Oil,
Andrew Carnegie and US Steel, Cornelius
Vanderbilt and the railroads. These
massive industrial monopolies
concentrated enormous power and wealth
by directly owning and controlling the
physical assets that made society run.
Oil wells, steel mills, railroads, coal
mines, you name it. They had a monopoly
on it. Workers had almost no
protections. Exploitation was the norm.
Imagine working 16 hours a day in
sweltering factories or dangerous mines,
knowing you could lose your job or even
your life at any moment with no social
safety net. whatsoever. Wealth creation
wasn't yet accessible to the average
person through financial markets like
they are today. It was made by direct
control over the engines of industry. It
was nearly impossible to grab a hold of
that ring. Today, however, everything is
financialized. This is a literal miracle
as now you don't have to found a company
to own a company or at least a piece of
one in the form of a share purchased on
the public market. However, in 1913 with
the sinister Federal Reserve Act,
politicians and the financial elite set
us all up to be robbed blind in broad
daylight via money printing. This is
lovingly known as inflation. But it's a
hidden tax that steals from everyone but
only gives back to asset holders. The
most grotesque version of this is bank
bailouts where the banks are allowed to
use taxpayer dollars to pay huge bonuses
for making terrible decisions. That's
the real system we have. A central bank
was created, allowed to print money out
of thin air, charge people interest on
that money, and then if the banks give
it to the wrong people and lose money
like in 2008, they can just print more
money, which is the same as stealing.
make the taxpayers cover the losses and
still give themselves gigantic bonuses.
I can't believe that's true, but it is.
It's absolute madness. And while this
will seem insane until I explain it,
that is the mechanism by which the
modern economy prints billionaires. We
now live in an era of central banking,
modern monetary theory, and a hyper
financialized economy. That means money
isn't real. It's not backed by anything
like gold. A banking cartel, literally a
cartel, controls the ability to print
money out of thin air, and they get paid
interest on the money they create. And a
well-regulated stock market and
fractional shares makes investing in
companies a very attractive asset class.
And here's the key. Printing money
devalues money. Once you understand
that, you're going to understand that
there's a difference between wealth and
money. Money, the thing you can actually
count and spend, loses its purchasing
power. And purchasing power is what
wealth actually is. When more money is
printed, your purchasing power goes
down. If you have a system where money
printing is allowed, and money printing
devalues money, then smart people will
store their wealth in something that
can't be devalued by money printing.
These are known as assets. And in a
hyper financialized economy where you
can own a piece of a company, if you buy
into assets, you're setting yourself up
well. If you don't, you're in trouble.
So when money is printed, asset prices
appear to go up. They don't really. It's
just that the value of the dollar is
going down. People buy assets as a way
to protect themselves from the printing
of money. Assets are how you quote
unquote beat inflation. Inflation is
what causes that sucking sound of money
going from the poor and middle class to
the wealthy. Inflation. Inflation is
your problem. You have a hyper
financialized economy where everybody
that understands assets will go and buy
assets as a way to escape money
printing. But when you print money, you
take from everybody, but only asset
holders are protected from that
inflation. So it looks like their value
is going up up up. Now, none of that is
to deny the incredible innovation that
comes out of the entrepreneurial class
that generates a ton of wealth. Someone
has to create something of value for
there to be sharers to buy. But without
inflation, the dollar value of assets,
company shares, houses, art, crypto,
etc. just wouldn't go up at the insane
rates that we're seeing now. And more
importantly, without money printing, and
thus without inflation, you wouldn't be
able to secretly tax the poor and
working class to death. You wouldn't
evaporate the middle class. Every time
the government gives people something
for free via deficit spending, which we
do to the tune of $2 trillion a year as
of right now, that money is taken from
everyone via inflation. But anyone who
stores their wealth in assets avoids the
brunt of this hidden tax. But almost 50%
of Americans don't own assets.
Therefore, whether one owns an
intelligent basket of assets or not
becomes the deciding factor as to
whether people in the middle will be
pushed up into the upper class or down
into the lower class. Asset ownership is
effectively the whole game. And when you
have an entrepreneur who built a very
successful company, they now own the
ultimate asset. Barring poor
performance, the value of that company
will rise as more money is printed in
addition to whatever innovations they
create. Every time a bank fails or a
housing bubble bursts or a pandemic hits
and the Federal Reserve prints more
money on paper, the value of companies
go up. They don't go up evenly or all at
once, but they go up. It's not that the
companies have necessarily become
intrinsically more valuable. It's just
that people who understand how the
economy works are making sure that they
spend their money on assets instead of
leaving their money vulnerable to the
hidden tax of inflation as it would be
if they were just saving it in a bank
account. Consider this. We are living in
a populist moment. Inequality makes
people mad and mad people vote
emotionally for whoever is going to let
them get a bigger piece of the pie.
People want more things for free. Could
be a tax cut, could be an entitlement.
Either way, if the budget isn't
balanced, it means more deficit
spending. And more deficit spending
means wealth concentrates more at the
top due to inflation. And that's how the
flywheel of billionaire creation begins
spinning out of control. It's not that
billionaires are doing something evil.
It's that inflation drives up the
apparent value of assets. Billionaires
are simply the people that own the most
of the most valuable assets. The middle
class today isn't being killed by
billionaires. The middle class is being
killed by inflation. Remember, some of
the middle class is going to go up into
the upper class, but some of the middle
class is going to go down. And it's the
death of the people in the middle that
creates the problem. Democrats and
Republicans both have their finger all
over policies that perpetuate and
intensify this cycle. None of them are
helping us out. The addiction to debt
and money printing is completely
bipartisan, leaving everyday Americans
trapped and increasingly desperate and
increasingly emotional, which is exactly
what populism is. This causes them to
vote for free stuff, and the cycle of
unsustainable wealth inequality repeats
once again. And that brings us to part
three, America's shocking decline in
social mobility. In the early days of
what would become America, roughly 30%
of the people who boarded a boat to test
their luck in America would be dead
before they reached America's shore.
Imagine the circumstances a person would
have to be in to board a flight if they
knew 30% of the passengers would die
before reaching their destination.
Imagine the personality type that that
would attract. That is exactly how
America became the land of liberty and
opportunity. In the 1600s, the world was
full of oppressive governments and
famines. And those poor, tired, huddled
masses that yearned to be free, they
knew they only had one option, America.
The Statue of Liberty didn't come first.
The American spirit did. The Statue of
Liberty was merely trying to express
what had already become the American
ethos. America didn't have a social
safety net. Social Security wouldn't
come until 1935.
Medicare and Medicaid didn't appear
until 1965. Welfare programs and various
forms of government assistance emerged
mainly during and after the New Deal of
the 1930s. In 1886, when the Statue of
Liberty went up, federal government
spending was primarily focused on just a
few key areas. Defense, infrastructure
projects like railroads, paying interest
on the national debt, and basic
administrative functions. There were no
safety nets, no guarantees of food,
shelter, or healthcare. And yet,
millions came anyway. What they came for
was what America uniquely promised,
equality of opportunity. Unlike Europe's
rigid social classes, America
represented a place where social
mobility wasn't just theoretical. It was
achievable through relentless hard work,
determination, and persistence. Wasn't
easy, certainly wasn't guaranteed, but
the possibility was very real. America
represented meritocracy in a way that
was unimaginable
anywhere else. America stood as a beacon
of individual rights and freedoms.
Freedom of speech, religion, press, and
assembly. These were all very rare and
extraordinary at the time. People
fleeing authoritarian regimes saw
America as a radical, hopeful experiment
in human liberty, a place worth risking
everything for. There was no floor.
There was also no ceiling. There was no
oppressive government and no aristocracy
to gatekeep you. Anyone could make it in
America. That was the appeal. Very few
people took the risk. But the ones who
did turned America into the world's
capital of social mobility. At a time
when the vast majority of the world was
still forced to live under kings and
queens, America offered meritocracy
instead. Today, however, that's no
longer the case. We've gone from the
most socially mobile country to 27th
place. We now rank behind countries like
Denmark, Singapore, and Canada. How did
this happen? We traded freedom for
security. On the surface, the trade
seems like a good idea to many. But as
Thomas Soul has tried, desperately to
get people to see there are no
solutions, only trade-offs. And the
trade-off that security demands is a
social safety net. And a social safety
net demands bigger government. And a
bigger government means debt and money
printing. Everyone wants something for
free. And nothing comes for free. As
Milton Freeman famously noted, the tax
rate is whatever the government spends.
If the government doesn't tax you
directly, it is taxing you secretly via
inflation. And as we discussed earlier,
the hidden tax of inflation is precisely
what accelerates the creation of
billionaires and the accumulation of
wealth at the top. The great irony of a
robust social safety net is that it's
the exact thing that kills social
mobility. You trade the ups and downs of
personal success for a system that makes
it increasingly difficult to get out of
poverty once you find yourself there.
Debt-driven deficit spending policies
have created structural barriers so
daunting that younger generations are
literally drowning under impossible
financial burdens. Their path upward
effectively blocked America's monetary
policy, specifically endless money
printing, has drastically inflated asset
prices, saddled people with debt, and
made homes nearly impossible to afford.
It's also created a bank bailout system
that has made education and even health
care insanely bureaucratic, debt laden,
and astronomically expensive. Think
about this. If you're under 40 today,
the mountain of debt you're expected to
climb out from under is unprecedented.
Student debt alone now exceeds $1.7
trillion, shackling graduates before
they've even started their careers,
combined with a stark rise in housing
prices, which have ballooned completely
out of control due to inflation. And the
result you get is a generation
increasingly trapped economically. They
can't break free. And that leads
understandably to frustrated people who
call for more free stuff. government
student loan forgiveness instead of
disciplined lending and rent freezes
instead of an actually free market,
which by the way drives up housing
prices. If you want people to be able to
get themselves out of poverty and climb
up, you have to let people also be at
risk of moving down. But this late in
the inequality cycle, when people look
around and see horrifying amounts of
inequality, people are simply not going
to let that happen. One of the great
ironies of life is that the key to
getting more done is to do less. And the
key to social mobility and a strong
middle class is to allow some people to
go broke. The decline in social mobility
isn't just financial either. It is
deeply psychological and cultural. When
people no longer believe upward mobility
is even possible, optimism and ambition
die. The core values that once defined
America, liberty, private property, hard
work, resilience, meritocracy, and
risk-taking start to crumble, replaced
instead by despair, envy, and
resignation. Over a century after the
Statue of Liberty was erected, America's
powerful culture of ambition,
meritocracy, and competition is slipping
away. Rather than being a place people
come to test their metal, more and more
people come today drawn by promises of
guaranteed welfare, government safety
nets, and social entitlements. The
cultural DNA that once made America
uniquely vibrant, competitive, and
resilient has morphed into debt
accumulation, bailouts, deficit
spending, and money printing. And that
prints billionaires. That is the thing
that gives rise to We'll get right back
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And now, let's get back to the show,
part four, the danger of short-term
top-down solutions. In 1989, when the
Berlin Wall came down, the world got to
witness a shocking natural experiment.
What happens when you divide one of the
world's most productive cities and run
one side with a top- down command
economy and the other side with a
bottomup capitalist economy? The answer,
the economies were starkly different
across multiple dimensions. Remember
this is a city divided in half. In East
Germany, the communist side, GDP per
capita was only about 30% of West
Germany's, not 30% lower, 30% of the
total. The capitalist West Germans
produced roughly three times more
economic output per person than their
East German neighbors. Average wages in
East Germany were approximately onethird
of what workers earned in West Germany.
This means that for the same work, East
Germans only earned 30% of what the
capitalists across the street literally
earned, equating to significantly lower
standard of living. East Germans had a
life expectancy approximately 2 to three
years shorter than their West German
counterparts. Communism literally
shortened their lives. West Berliners
enjoyed modern infrastructure, reliable
public transportation, and highquality
housing. In contrast, East Berlin
struggled with outdated infrastructure,
crumbling buildings, and chronic housing
shortages. Over 25% of buildings in East
Germany were considered severely
deteriorated. By the late 1980s, East
Germany filed fewer than 1,000 patents
annually, compared to over 70,000
patents per year filed by West Germany.
The difference in innovation was
staggering. Nearly 70 times more
innovation in the capitalist side of the
city. Remember, these are people that
are sharing streets. In East Germany,
basic consumer goods typically cost a
far greater share of workers monthly
salary than in West Germany. For
example, a color TV might cost roughly
five times an average East German's
monthly salary compared to less than one
month's salary in West Germany. Plus,
everyday things like cars were extreme
luxuries in East Germany. East Germans
had to wait an average of 12 to 15 years
to get even a small car. Same city, same
culture, same language, same genetics.
In many cases, we're talking about
families that were divided. Half on one
side, half on the other. And despite all
of that similarity, just by changing the
economic setup from top down to
capitalism, radically different
economics and lifestyle outcomes were
achieved. When inequality spikes, it is
understandable why people start asking
things like, "Should billionaires
exist?" But top down economic control
doesn't just fail to rectify it and
deliver prosperity. It systematically
destroys the economy. And even more
importantly, it doesn't just destroy the
economy. It destroys innovation and the
human spirit itself. People living in
the east didn't just lack money. They
lacked optimism, hope, and confidence in
their future. And that's not peculiar to
the East German variety of top- down
control. That's the nature of top- down
control itself. And yet today, when
faced with extreme wealth inequality,
they still gravitate towards trying to
fix the problems of runaway wealth
inequality by going after the symptom,
in this case billionaires, rather than
the actual cause, ever escalating debt
and money printing. It's understandable
to pursue dramatic change when social
mobility is declining and debt and
insanely high prices make the American
dream effectively impossible. But the
fundamental problem is that top- down
populist solutions might feel good in
the short term because they punish the
wealthy, but they make our problems
worse, not better. Economies, like
ecosystems, are complex, adaptive
systems that respond to incentives. When
you disincentivize innovation by
confiscating the rewards of your most
successful citizens, economic growth
slows, wages go down, prices go up on a
purchasing power basis, innovation
declines, and everyone suffers.
Redistribution, forced wealth seizure,
and aggressive top-down control might
temporarily reduce symptoms, but the
core economic and cultural illness
remains untouched, and all you have
effectively done is equalize everyone at
zero. Given the importance of a thriving
middle class, if taxing billionaires out
of existence worked, I'd be all for it.
But historically, we've seen this
scenario play out again and again. When
governments attempt aggressive top-down
interventions like the Soviet Union,
North Korea or East Germany, economic
prosperity disappears, replaced by
widespread poverty, cultural stagnation,
and a pervasive sense of hopelessness.
And the Nordic countries, Denmark,
Finland, Iceland, Norway, and Sweden,
which are often praised for their social
democracies, have their own set of
trade-offs. They trade low income
disparity for high taxes, lower GDP,
curtailed growth, and extensive welfare
systems that create immigration
problems. In 2023, US GDP per capita was
$81,000, significantly higher than
Denmark, Sweden, and Finland. Only
Norway beat the US, and that's because
of massive oil reserves, not because
their economic policy delivers strong
growth. Further, Sweden's GDP per capita
growth slowed noticeably post 1970 when
they implemented high tax policies,
unlike the US, which has lower taxes and
has consistently outperformed them. In
2024, the US alone accounted for 49% of
all global venture capital funding,
while the entire EU, including the
Nordic countries, only accounted for
13%. The scope and scale of America's
innovation dwarfs the entire world, and
the Nordic countries in isolation are a
rounding error. Their markets are small
and their high tax environments deter
the kind of risk-taking needed to
compete on the world stage, especially
when your competition is China. Oil and
gas make up a full 20% of Norway's GDP.
Without oil, Norway's GDP per capita
drops below the US. Additionally, the
Nordic model's high taxes and generous
welfare only work in homogeneous small
populations with high trust and face
massive challenges when scaling to a
large diverse country like the US. In
2023, Nordic countries had among the
highest tax to GDP ratios. Denmark at
46.7%,
Sweden at 42.6%,
Finland at 41.9%
versus the US at 27.7%.
Also in the Nordic countries, aging
populations are also beginning to strain
the welfare systems. Finland's pension
costs have risen at an exponential 3.2%
annual compounding growth for nearly a
decade. To get specific about
immigration, Sweden's immigrant
unemployment rate is 15.4%
versus just 3.6% for natives. Tensions
are mounting. Like everything, it's a
trade-off. If you don't regulate
capitalism at all, you get the madness
of the guilded age in America. If you
regulate it too much, you get socialism.
If you aim for the middle, you stagnate.
So, how do you do this? Well, welcome to
part five, the real solution. If you
want to delete billionaires, you've got
to focus on the structural problems that
give rise to them in the first place.
Just as you don't cure brain cancer by
taking Advil, you don't cure inequality
by taxing billionaires back to
millionaire status. Advil just masks the
root cause of the headache and taxing
just stagnates our economy. Set another
way, focusing on billionaires is like
blaming a fever instead of the infection
causing it. And the infection we face
right now goes to the very heart of
America's monetary structure, economic
incentives, and cultural values.
Billionaires emerge naturally,
inevitably from a system that rewards
debt-driven speculation, asset price
inflation, and entitlement instead of
real productivity, genuine innovation,
and disciplined ambition. Debt and money
printing. Debt and money printing. That
should be the area of focus. The
inequality that makes people so angry
arises out of debt and money printing.
And the gimmies that angry people vote
for only makes things worse. And so we
begin to spiral. The more we deficit
spend, the more inequality there is, the
more inequality there is, the more we
vote for a bigger piece of the pie. And
the more we do that, the more we hollow
out the middle class and create the
phenomenon of the rich getting richer
and the poor getting poor. It is
mechanistic. To pull out of this nose
dive, we've got to get out from under
the $36 trillion in government debt that
is costing us a fortune in interest
payments alone. And to do that, we have
to execute on what Ray Dallio calls a
beautiful deleveraging. If you want to
learn all about that, just watch this
video right here. We've also got to get
rid of the Fed, and we've got to hold
politicians accountable to a balanced
budget. And perhaps most importantly, we
need to reclaim the top spot globally
for social mobility. We've got to get
housing prices down. We've got to stop
handing out absurd governmentbacked
loans for college that can't be
discharged in bankruptcy court. And
we've got to get back to the promise on
the Statue of Liberty. We have to allow
people to breathe free in a well-
reggulated democracy built on
capitalism. We need to remember that
immigration is about opportunity, not a
guaranteed safety net. We should be a
beacon to the most ambitious, driven,
hardworking, and freedom loving people
on the planet. Regardless of race,
color, or creed. We need to recruit
people that want a shot, not a soft
place to land. This country was built by
people who stepped onto a crowded,
filthy ship, fleeing from tyranny,
leaving everything familiar behind,
knowing they may never see their family
again. They often came with nothing. No
promises, no guarantees, no welfare, no
healthcare, no money, just the promise
of opportunity. That's what made us
great. But recently, all we've delivered
to our fellow Americans are bailouts and
massive inequality. We've made it
impossible for the average person to
succeed. And that's why they're rioting
and breaking things. As the African
proverb goes, the child who is not
embraced by the village will burn it
down to feel its warmth. We alienate
people when we bury them in debt and
then steal what little money they do
have through inflation. They may not
know exactly what's happening, but they
know some people are becoming mega
billionaires while they struggle to pay
rent. That is a recipe for revolution.
So, while billionaires aren't evil men
hoarding your money, and we should want
to celebrate innovation, success, and
excellence wholeheartedly, that's never
going to happen with an economic system
that is knowingly rigged against the
masses. And make no mistake, the system
is knowingly rigged against you. But
it's rigged by politicians, central
bankers, and everyone who votes for
politicians who promise free stuff. The
billionaires, they're just playing the
hand they've been dealt, and we should
all do the same. I'm not sure that we
can save everyone, but we can certainly
save each other. Help yourself, help
your friends, and help your family. Let
change ripple out from there. All right.
If you want to see me explore these kind
of ideas live, make sure you join me on
my YouTube channel live Wednesday and
Friday right here. Until then, my
friends, be legendary. Take care. Peace.
If you like this conversation, check out
this episode to learn more. In 1913,
Argentina was a global superpower on par
with the United States and England. It
was wealthier per capita than Germany,
France, and Japan combined. These days
though, it is a