Jaspreet Singh

Well, today that's really not true because I can invest in the Bitcoin, but it's so much easier for me just to buy a Bitcoin ETF on the stock market.

or I can just buy in the Bitcoin contracts on Kalshi, which essentially now means there's not really 21 million.

Yeah, that's what the asset is, but I'm not really buying the Bitcoin.

I'm just trying to get exposure to the Bitcoin.

And I think you're right.

That's the theory that Bitcoin is much easier than gold.

It's easier to transport.

If things really go bad, I can very easily pick up my Bitcoin wallet and leave.

I can't pick up my real estate and go.

Well, I think, again, the best way to understand that is just to take a look at history.

Because when the income tax started, it was 1%.

on all income, don't know the exact number, but I think it was on all income under $6,000, or sorry, all income over $6,000.

And then the top tax rate was 6%, which meant you could make millions of dollars and pay 6% in taxes.

That was the whole idea in 1913 when the income tax was passed that, hey, we're really only going to tax the wealthy because that 1% tax wasn't on the person making, in today's dollars, $50,000 a year.

It was essentially in today's dollars, essentially the six-figure earner when you equate the dollars for inflation.

Well, that was the sell that the idea is to tax the wealthy and

and the average person's not gonna have to worry about this income tax.

Fast forward to where we are today, and unfortunately, the average person is who's paying the income tax.

The wealthy, they fall into a different bucket of taxes.

Why does Warren Buffett pay a lower tax rate than the secretary?