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Jaspreet Singh

👤 Speaker
2690 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

He's making you rich.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Plus a tax code, which is making the rich and the financially savvy even richer.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Now for the person that doesn't understand that, it sucks.

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 where do you win?

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

If you're making $30,000, $40,000 a year,

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Tax cuts don't make a difference because you're already barely paying anything in 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

Yeah, you got your withholding 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

Don't forget, because of the standard deduction, your effective tax rate is very low.

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 taxes are not that important.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

you might not be getting a lot of government subsidies once you get past 30, 40, $50,000 a year, depending on where you live.

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 then if you don't own assets, you don't get to win in this economic game because our system, a capitalist system that we live in, benefits the capital owners.

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 benefits the people that own the assets, not the people that are working in the assets.

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 he's working to drive the capitalist system in that way although it's not exactly a true capitalist system when the government is is buying specific stocks on the stock market now we're playing favorites which again good for the people that understand bad for everybody else so it's really now which side of the coin are you on and so for the average person it's horrible

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

For the financially savvy, it's a great opportunity.

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 anybody can be financially savvy.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

We have a guy in my office, Steven, who says all the time that men without a purpose cause a lot of problems.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

Yes.

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 for many men, that purpose is what I do for work.

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, the job market sucks.

Tom Bilyeu's Impact Theory
Surviving Economic Chaos: Inflation, AI Job Takeover, and Trump’s Wealth Wave | Impact Theory W Tom Bilyeu & Jaspreet Singh

You can look at unemployment as one way to look at the job market.