Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
So the average person is paying a lot of money in taxes.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
And if now you can pay a little bit less money in taxes and you have more money to invest, forget a 1% fee, you just have 25% more income just because of the tax.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
So now the average person is thinking, man, I'm working so hard every day for money.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
I'm trying to save this money.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
My savings are not growing.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
In fact, I'm becoming poorer because of my savings, but the average person doesn't know that.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
It's just I'm working so hard to make money and save money, but I keep having to struggle because now life keeps getting more expensive because inflation is outpacing your income, because inflation is outpacing the interest you're getting in your savings.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
And so you talk about this K-shaped recovery, it got amplified.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
Inflation makes the financially savvy richer, makes the average person poorer.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
Anytime you hear of government spending, it makes the rich richer, it makes the average person poorer.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
Because government spending means inflation.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
But it gets covered up with all these other terms
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
So government spending, think inflation.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
Inflation means the rich get richer, asset prices go up, the average person gets poorer.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
And now we think, well, how can the government spend more money to fix it?
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
Well, unfortunately, anytime the government spends an additional dollar, they're going to need an additional dollar of debt as well.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
That additional dollar of debt means more inflation, which means the average person continues to get poorer.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
I am not a policy person.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
I don't care Democrat, Republican.
Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh
I'm here to teach how can you win regardless of who's in the White House.