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Tom Bilyeu

๐Ÿ‘ค Speaker
9304 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

And the answer when oversimplified is globalism.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

And so because of globalism and just some modern technologies, the reality is that people at the average worker, they just don't have any negotiating power because it's like, well, if you're not going to do the job that I want you to do with the price I want you to do, I'm going to go to Bangladesh or whatever.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

I'm going to outsource it.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

And because of the whole like comparative advantage thing, which I still can't believe people trumpet as if it's like some brilliant statement, we end up running into a problem where you can't negotiate your wages.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

And so now wages stagnate.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Prices go up because I'm money printing.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Then people come with their handout and the government realizes, oh yeah, we are doing this massive wealth transfer from you to the wealthy.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

We wanna keep that going.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

So when you stick your handout, even though I know that means that I'm gonna steal from you even faster, I'm gonna give you that money because it looks like I'm doing something for you.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

But in reality, I'm still just doing the same wealth transfers, fucking wild.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

But people do not, half of the people are not going to be capable of understanding it.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

a huge percentage just don't have the time.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

And then that leaves the top 10% owning 93% of the assets.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

So it's one of these sort of great travesties.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

But when people glom on to CEO evil because he still has negotiating power, that's when I'm like, eh, that's not a very compelling argument.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

I get the bitterness because we're hardwired to hate inequality, but it's not the root of the problem.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Yeah, that's the lost domain.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Brutal.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Brutal, but that is real life once humans click over into that.

Tom Bilyeu's Impact Theory
Economic Insecurity, Political Division, and the Youth Vote Shaping the Future | Tom Bilyeu Show Live

Yeah, it's rough.