Tom Bilyeu
๐ค SpeakerAppearances Over Time
Podcast Appearances
Like that would be absurdly long.
So yeah, that it's wild.
So, uh, there's no reason for that, but simplifying the tax code, which would be awesome.
Um, isn't going to get people elected because we are constantly trying to do things for donors.
Um,
Yeah.
If we just said you got to balance the budget, like if you literally said you can't use more than three percent of GDP in debt.
You'd be great.
But no one's going to vote for it.
So I think that there is a legitimate argument to be made about the discrepancy in pay with CEOs.
I totally understand that argument.
Let's talk about the way that the person gets paid is, I think, very important to look at.
If their real compensation is coming from performance in the stock, then that at least is aligned with the public markets, which anybody can be a part of.
Now, it creates its own distortions.
And so trust me, I'm not saying that's a perfect solution.
But the when people look at what's going on there, what they're witnessing is that you have a scarcity of people that can run these companies and make them more valuable to shareholders and an absolute glut of people that can do the lower level jobs.
And so the people at the top have.
negotiating power and the people at the bottom don't.
And so that's where I want people to ask a question.
Why don't the people at the bottom have negotiating power?