Trevor

The level of like literally owning nothing. And I guess, Freeberg, to your, I'll let you take it from there.

That's an interesting framing. And another framing might be free bird. I love that. Hey, it's an interesting framing. Here's another framing. I don't, you're a young person. I can't own a home. They're too expensive. I don't have any equity. I'm getting ground down. I own, I owe a bunch of student loans.

That's an interesting framing. And another framing might be free bird. I love that. Hey, it's an interesting framing. Here's another framing. I don't, you're a young person. I can't own a home. They're too expensive. I don't have any equity. I'm getting ground down. I own, I owe a bunch of student loans.

Tim Walls feels more like the experience I'm having as a millennial where I can't afford a home, where I don't have equity, where I'm constantly trying to pay off my bills. And The finance, what we'll say is like, hey, this guy's not very financially astute. He doesn't even own his own home.

Tim Walls feels more like the experience I'm having as a millennial where I can't afford a home, where I don't have equity, where I'm constantly trying to pay off my bills. And The finance, what we'll say is like, hey, this guy's not very financially astute. He doesn't even own his own home.

Well, he's been a teacher, right? So maybe people say, you know what? I feel, I identify more with Tim Walz. And I think that's actually what might be happening here. Public school teacher, right? Yeah. Yeah, right. Yeah. Which is a noble thing to be. And I think there's probably a large percentage of the country who feels like they're not part of the equity economy. They don't own a home.

Well, he's been a teacher, right? So maybe people say, you know what? I feel, I identify more with Tim Walz. And I think that's actually what might be happening here. Public school teacher, right? Yeah. Yeah, right. Yeah. Which is a noble thing to be. And I think there's probably a large percentage of the country who feels like they're not part of the equity economy. They don't own a home.

They don't own equities. And they have been shut out from this. And all these rich people like Trump and JD Vance and venture capitalists are running the table on them. And I think that might be why we're seeing, even if the four of us disagree with it, we might be seeing someone like Tim Walz actually being a feature.

They don't own equities. And they have been shut out from this. And all these rich people like Trump and JD Vance and venture capitalists are running the table on them. And I think that might be why we're seeing, even if the four of us disagree with it, we might be seeing someone like Tim Walz actually being a feature.

Sachs, what do you think of this framing? You have two candidates who are career civil servants who have dedicated their life to that, but who in one case doesn't own his home, doesn't own any equities. In the other case, Kamala does have a bunch of equity and some private wealth versus the capitalists. It looks like this actually is an interesting framing, socialism versus capitalism.

Sachs, what do you think of this framing? You have two candidates who are career civil servants who have dedicated their life to that, but who in one case doesn't own his home, doesn't own any equities. In the other case, Kamala does have a bunch of equity and some private wealth versus the capitalists. It looks like this actually is an interesting framing, socialism versus capitalism.

What's your thought on that framing?

What's your thought on that framing?

They created a middle class.

They created a middle class.

It's just a question mark for me. Yeah. 58% of Americans own equities. And that includes like retirement accounts. So it's not like they're actively day trading. And so, you know, that does actually, Sachs, paint an interesting picture where maybe the Democratic Party now, which they've referred to themselves, Bernie and Elizabeth Warren, as a socialist, as socialist Democrats.

It's just a question mark for me. Yeah. 58% of Americans own equities. And that includes like retirement accounts. So it's not like they're actively day trading. And so, you know, that does actually, Sachs, paint an interesting picture where maybe the Democratic Party now, which they've referred to themselves, Bernie and Elizabeth Warren, as a socialist, as socialist Democrats.

Maybe this is like part of their feature is to appeal to that large swath of people who don't own their homes, who don't have kids. And, you know, to JG's point about cat ladies and to, you know, who don't own homes, don't have kids and don't have equities. What are your thoughts on that, Sax? Is that maybe how these parties are starting to shape up in the modern era?

Maybe this is like part of their feature is to appeal to that large swath of people who don't own their homes, who don't have kids. And, you know, to JG's point about cat ladies and to, you know, who don't own homes, don't have kids and don't have equities. What are your thoughts on that, Sax? Is that maybe how these parties are starting to shape up in the modern era?

Tax the rich is a recurring theme. And that's actually a great jump off point here because the big news in our circles this week and on social media was and some of the group chats. is that Harris has reportedly backed some of Biden's really out there tax plans, which include a proposed 25% wealth tax on people with over $100 million in assets.