Steve Cortez
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Podcast Appearances
And so because of that,
in an inflationary environment and where capital is betting that the route out from $37 trillion of debt is inflationary, those kinds of tangible limited supply or finite supply assets become incredibly valuable.
Now, this is great for people who own a lot of assets, which gets back again to that number three solution of we need to tax the ultra rich at a higher rate.
They're the ones who benefited from the run up of this debt.
They need to pay the consequences of getting us out of it.
But those kinds of folks are making bets that gold, crypto, and land, those are the main investment vehicles,
those are going to benefit from this inflationary environment.
And so far, they've been correct, right?
It's a self-reinforcing process.
But ultimately, that's very harmful to Main Street prosperity.
It's very harmful to workers.
Workers are starting to do better under President Trump.
Real wages are rising again.
That's magnificent.
But if we want that trend to continue, we do need a lot more productivity.
And I believe we need to tax the rich, the ultra rich, and we need to cut government spending.
Now, I know cutting spending is a gargantuan task in Washington, D.C.
But again, where do we do it?
I think it's via defense.
If we're not adventurous all over the world, if we're not supporting corrupt dictators like Zelensky, and if we get healthier as a nation, spend less on health care.