Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
The government tells you to your face, I'm going to steal 3% of your money every year.
And people just go, I don't understand it.
Fine.
So when I make it simple, I am lying because the economy isn't as simple as I make it sound, but at least people can understand the effect.
And the effect is in the last five years,
25% of your money was stolen by the government.
25%.
And then any number that is the same percentage year over year is what's known as exponential growth.
So they are stealing exponentially more money from you every year.
So 3% on a dollar is 3 cents.
But the next year it's now a dollar and three cents and they're going to take 3% of that and on and on and on.
And it just compounds and gets bigger.
And so everybody's just like, yeah, I don't really want to understand why that's true.
I don't want to understand why inflation, which Tom Bilyeu used to think inflation was just a law of nature.
I just, it happened.
I didn't know why it happened, but just everybody seemed like it was just always there.
Which is cool with it.
Yeah.
So.
Uh, that is the government stealing money from you.