From Trump Assassination Attempt to Hasan's Social Murder: Decoding America’s Political and Economic Divisions | Tom Bilyeu Show Live

Episode Introduction Welcome back to Impact Theory with Tom Bilyeu! After a brief hiatus, Tom Bilyeu and Drew dive headfirst into a whirlwind of the week’s most explosive headlines—from yet another attempted assassination on President Trump at the White House Correspondents’ Dinner, wild conspiracy theories (including time-traveling gunmen and false flag operations), to the Southern Poverty Law Center’s controversial funding of hate group informants. Tom Bilyeu and Drew unravel the narratives dominating the news cycle, reflect on the dangers of informational warfare and tribal thinking, and debate the tangled economic policies pushing America to the edge. They break down the impact of bureaucracy on healthcare, the economics behind the proposed billionaire tax, and why the nation desperately needs a wake-up call when it comes to government spending. In this episode, expect sharp commentary, honest debates, and a hopeful call for optimism and innovation—plus a few laughs and a look at what it means to build lasting monuments and a resilient society. Get ready for a dynamic conversation that will challenge you to think deeper about the headlines and the hidden incentives shaping our world. 00:00 Intro 02:00 Trump WHCD Assassination 04:54 Trump's 60 minute interview 23:37 False flags & Conspiracy theories 34:40 Southern Poverty Law Center Fraud Case 01:00:02 Hasan Piker & Social Murder 01:26:13 Rand Paul's 6-Penny plan 01:34:42 Cali Fraud Blinkist: Start your free trial at https://blinkist.com/impactQuince: Free shipping and 365-day returns at https://quince.com/impactpodShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderQuo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactAT&T Business: Switch to AT&T Business at business.att.com http://business.att.comNetsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory https://netsuite.com/TheoryMonetary Metals: Future-proof your wealth at https://monetarymetals.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business:join me here at ZERO TO FOUNDER https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business:see if you qualify here. https://tombilyeu.com/call: https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox:sign up here. https://tombilyeu.com/: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,Tom Bilyeu’s Mindset Playbook https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram:https://www.instagram.com/tombilyeu/ Tik Tok:https://www.tiktok.com/@tombilyeu?lang=en Twitter:https://twitter.com/tombilyeu YouTube:https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices https://megaphone.fm/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Tom Bilyeu?

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• 0:45Tom Bilyeu?

  Their dashboard tracks what comes next based on what your business actually needs. So EIN number, registered agent, licenses and permits, bookkeeping, business banking. I tell every founder the same thing. Just make it official. Click the link in the show notes to check out Taylor Brands and get started on your business today. This is a paid advertisement. Good morning, everybody. Welcome to another episode of The Tom Dooley Show Live. We are back. We were gone for a while, but we are back, baby. And it was a wild time while I was gone. You guys did not exactly hold the fort down. You let some crazy stuff happen. A third assassination attempt was made on Trump at the White House Correspondents' Dinner this weekend.

• 1:28Tom Bilyeu?

  Many are calling it a false flag attack designed to get approval for Trump's ballroom. We're going to be talking about that in detail. Was the Southern Poverty Law Center funding the very hate groups that they're supposed to be trying to fight against? We're going to go into detail there. People who don't understand economics are once again making mouth sounds about social murder and wage theft. That's a fun one. Rand Paul, shout out to my man, is once again, and we do this every year, presenting Americans with a solution to our deficit woes that we will likely ignore. But his proposal is still awesome. And Lord knows, for all of our sake, I hope that somehow, some way, we wake up and take his advice and actually put it into practice.

• 2:11Tom Bilyeu?

  Talk about why that is so important. And did a time traveler attempt to warn us about would be assassin Cole Allen? More on that, Drew. We're back in the saddle.

• 2:24Speaker 01

  Welcome back, man.

• 2:25Tom Bilyeu?

  Thank you.

• 2:25Speaker 01

  People were worried about you. I want you to know that.

• 2:27Tom Bilyeu?

  It's hilarious. You sent me the milk carton. Uh, I had to get guffaw over that one. That was amazing. Yeah, we, we probably did not do a good enough job messaging that I was running out of town, but we had so many things we had to get across the finish line right there at the very end. Uh, that messaging about my absence unfortunately got lost in the shuffle. And when I thought back, I was like, I was basically running out the door like, okay, bye, we're gonna be gone for two weeks. Uh, so my apologies for that. It's part of my personality though. So I am not in any way, shape or form saying I'm gonna do better next time. This is just, uh, the way that my mind works. So forgive me, but we're back and I'm excited to be back.

• 3:03Speaker 01

  All right. Well, we have a lot to catch up on jumping right into it. Trump was attacked this weekend. Let's talk about the White House Correspondents Dinner.

• 3:10Tom Bilyeu?

  Yeah. Well, yet another assassination attempt was made on President Trump over the weekend. This is getting wild. This is number three. A man named Cole Allen ran through a security checkpoint armed to the teeth. If you haven't seen the footage, the checkpoint that they put in the hotel was pretty cheesy, pretty easy to run through and, uh, he's not slow. So he shot through the gap very fast. He was fired at, uh, he fired at least one shot. And I think they're saying that something like five shots were fired at him. He did not get hurt. Um, Secret Service, one of them was hit, but he was thankfully wearing a bulletproof vest and wasn't seriously injured. Now, the good news is Allen actually wrote a manifesto that spelled out his motives

• 3:55Tom Bilyeu?

  and how he was able to get the weapons inside. Pretty straightforward. He checked into the hotel the day before the event and just basically carried his arsenal up to the room. Nobody searched his luggage. And by the way, if this was just a normal hotel, I wouldn't expect anyone to search his luggage. And I don't know about you guys, but I don't want to live in a world where we're getting searched all the time. I've traveled around the world plenty, uh, and I know that there are. Are places where you're going into a hotel and they're mind sweeping the car and they're checking your bags and you have to go through security like you're stepping into an airport. That would be a sign that something very, very, very wrong is happening in our country. If we find ourselves in that situation, that is a total breakdown of trust, which we are racing

• 4:38Tom Bilyeu?

  towards. P S. By the way, and hopefully all of us can back away from that precipice. So be very excited to talk to you guys more about that. I'm, I am going to be force feeding this nation, a bunch of optimism, Drew.

• 4:53Speaker 01

  We need it.

• 4:54Tom Bilyeu?

  My, my time away has made that harden inside my soul. So we're gonna, we're gonna mix phase one and phase two, a little bit more.

• 5:01Speaker 01

  Let's go, let's go.

• 5:03Tom Bilyeu?

  Now, look, on the surface, this to me, looks pretty straightforward. You got a left leaning guy who hates Trump. He decides that nobody else is going to do anything to take him out. So he's just going to do it himself. Basically says that in the manifesto. So this is a direct quote. I don't see anyone else picking up the slack, referring specifically to what would you say to somebody, because he did this in this like sort of call and refrain. So here's the objection. Here's what I would say to that. So for anybody that says he shouldn't be the one doing it. He said, I don't see anybody else doing it. And so I'm going to pick up the slack. So that one's pretty straightforward. I think that really is the point that we are at as a country. As for the specific reasoning for attempting to kill Trump, he said, again, this is a direct quote, I am no longer willing to permit a pedophile, rapist and traitor to coat my

• 5:47Tom Bilyeu?

  hands with his crimes. And earlier in the manifesto, he had said basically that I'm an American citizen. My representatives represent me. So their actions like come back on me. And so that was the context in which he said that. Now, Trump actually specifically refuted the claims being made about him in a 60 minute interview. So let's play that clip.

• 6:10Speaker 02

  In it, he writes this quote, administration officials, they are targets. And he also wrote this, I am no longer willing to permit a pedophile, rapist and traitor to coat my hands with his crimes. What's your reaction?

• 6:24Speaker 03

  Well, I was waiting for you to read that because I knew you would, because you're, you're, you're horrible people, horrible people. Yeah, he did write that. I'm, I'm not a rapist. I didn't rape anybody.

• 6:36Speaker 02

  Oh, you think, do you think he was referring to you?

• 6:38Speaker 03

  Excuse me.

• 6:39Tom Bilyeu?

  That, that was, hold on, pause it. That was a pretty sly question.

• 6:42Speaker 01

  Now, real Tucker Carlson like, oh, it was you he was talking about.

• 6:47Tom Bilyeu?

  It's like, yes, obviously, it was him. Now, I saw somebody on social say, oh, God, I forget the woman's name, Jean Carroll? Something like that. That sued him, I think, civilly for sexual assault or something, and that the judge said something along the lines of some people, by the classic definition of rape, could say that Trump raped her. So it's like, if you're really gonna try to hold his feet to the fire, it's a slight question. Admittedly, she got it in way faster than if she had tried to give like a whole bunch of context. But if you're gonna hit him, that's probably the one that you hit him with. But anyway, as you will see, he will go into the, your horrible people defense here. But let's play the rest of that one, just let him say it in his own words.

• 7:31Speaker 03

  From some sick person.

• 7:34Speaker 03

  I got associated with all stuff that has nothing to do with me. I was totally exonerated. Your friends on the other side of the plate are the ones that were involved with, let's say, Epstein or other things.

• 7:50Tom Bilyeu?

  Okay, so narrative war, this is gonna come to define this generation for real. And he has not been exonerated.

• 7:59Speaker 01

  Narrative war is gonna define this?

• 8:01Tom Bilyeu?

  Narrative war, yeah, yeah, just the fact that we can't agree on anything. We are tearing ourselves apart at the seams because we don't want to engage with each other and try to understand. We instead are, as a species, we are very easy to lead by the nose because there's so much information that to parse it all is impossible. And so, tell me what to believe, I trust you, you're on my team, give me the line, now I've got the simplified version, the human mind works by shortcuts. That's how it works. And so, we all want that shortcut to just be like, cool, this is my party line. So a very easy way is just be like, okay, what team am I on? Who are the like 10 people that I can trust to just basically pre-masticate the ideas for me, give them to me, and then I can just regurgitate them back if somebody's giving me a hard time.

• 8:47Tom Bilyeu?

  So that because of the digital age, social media, it's just there's so much information. We need people to parse it for us. So you're going to see this more and more and more. But what's distressing is whatever you repeat becomes true. He hasn't been exonerated. He also hasn't been convicted. But at the same time, each side is just going to repeat, repeat, repeat, repeat, repeat. He did these things. He did these things. He did these things. Nobody's proven that.

• 9:11Tom Bilyeu?

  I've been exonerated. I've been exonerated. No, you haven't. So it's like this, this is all just informational warfare. It is absolutely maddening. It is going to derain. It is deranging us as a society, which will only accelerate. And so, dear beloved people, I like to believe you guys are here because one, you don't want me to pre-masticate the world for you. In some ways, you come here to argue with my pre-mastication, and thank you for that. So that my hope is that you guys are really trying to, instead of just give me all the overly simplified versions of all this stuff, I'm going to pick a smaller subset of issues that seem important enough to actually go and build my own worldview of what's happening.

• 9:55Tom Bilyeu?

  And so you're taking from people that disagree with each other and you're putting it together. No one can do that for you, not me, not anybody. All I can do is say, that's what I'm doing in my time. And then I'm going to give you guys a good faith presentation of what I think is really going on. You'll hear me talk about that, both with this and the Southern Poverty Law Center, what I think is really going on. But you need to find people that disagree and then smash those together like atoms in the Large Hadron Collider and figure out what you think is actually true. That's really the only path forward. And so when I think through, okay, how do we make sense of these weird things that are happening like this? You first just ask yourself, is this an idea that I'm going to pursue to conclusion? Or is this one that I'm just, I'm not going to deal with that because I'm not going to be able to get beyond the headlines with that?

• 10:40Tom Bilyeu?

  So cool, I'm not in a position to make any, you know, life altering decisions on this one. It's just not important enough. And then these are the ones that I'm going to go deep on. Now, I think it's pretty reasonable to read all of this as the Secret Service are just bad at their jobs. This is the third credible attempt. On his life. Also, nonstop unhinged rhetoric about Trump being evil is a huge part of this. And then you couple that with a contingent of radicalized Americans that are getting a steady diet, not of people that disagree with each other, but a steady diet of people that say, we're the only right ones. These other guys are others. They're evil. They're bad. And when you put all that together, I think it does a very fine job of covering what this almost certainly was.

• 11:25Tom Bilyeu?

  However, there is a conspiracy theory that is going absolutely insane on the internet, and it has internal logic that I wish were easier to dismiss. And it goes something like this. Trump wants a new ballroom for the White House. He demolished the whatever, East Wing, I think it's the East Wing, just knocked it down. What do they say? Better to ask for forgiveness than permission, which PS is kinda true. So he demolishes that. He wants to build a new ballroom. Should have a whole diatribe about that, Drew, as producer, if you want to ask me at some point. I was waiting. Coming back from Europe, I've really got a take on this. So they, the Democrats do not want him to have this ballroom.

• 12:08Tom Bilyeu?

  A district court judge put an injunction that said if Trump wants to build this, he has to have a good security argument. And that basically being at war, national security, it's not a blanket reason to not get congressional approval. So the short of it is, Trump needs to get congressional approval if he wants to build the ballroom. Now, as that district court judge's statement is hanging like a thought bubble over the ballroom discussion, Cole Allen storms a bizarrely undersecured White House Correspondents Dinner and makes a weak ass attempt to kill the president. Within hours, Trump has posted, this never would have happened if I had my new ballroom,

• 12:51Tom Bilyeu?

  and an absolute horde of pro-Trump figures posted similar things, all saying this never would have happened if the ballroom existed. Now, keep in mind, they don't hold this event at the White House, even though they could erect a tent, do all that. It's just not, I don't think it's ever been held at the White. House and if it has, at least from what I've seen in my research, it isn't common. Now they could, of course, if they built this and subsequent presidents felt safer there. Great. Uh, but as of right now, to me, that's a pretty weak argument and really bizarrely timed. Given, uh, what just happened now by Sunday morning, we even had Senator Tim Sheehy.

• 13:31Tom Bilyeu?

  Announce that he was going to seek unanimous consent from Congress to approve construction on the back of this attempt. Now, as I said personally, I do not think this was staged. Way too many things could go wrong when you have people start firing guns in a crowded space. It's my understanding that there were at least five shots fired. Now, my guess is that this is just a case of never let a good crisis go to waste. And so they are going to make hay while the sun shines. But the fact that you can't immediately rule out coordination tells you exactly how broken our trust in institutions. Has become, which is very sad and PS very dangerous. Now, there's another thing that's going around right now, which is that maybe this was a time traveler.

• 14:16Tom Bilyeu?

  I wish I was kidding. And by the way, I'm completely convinced that we live in a simulation now. So I will say that while that would be funny. It would have to be completely off limits if we really are in a simulation. Or the multiverse would have to be real in that every time you get one of these weird things, you just branch off a different.

• 14:40Tom Bilyeu?

  Version of the matrix essentially, otherwise you just have no coherence. It would, everything would be constantly changing, uh, and it would be possible, impossible to have any sense of timeline going backwards and forwards. Also, it'd be computationally just absolutely impossible to deal with constantly having to re-update. Things I will tell you as a game designer, that is just not how you build these things. So I don't think the time travel is possible. I think it's just written into the code of the matrix that you just can't do that. I can't believe I really mean this, by the way. So there you have it. I don't think it was a time traveler. It's fun. Uh, I enjoy such conspiracy theories, but yeah, it's computationally incoherent. And just doesn't make sense if you're running the experiment for any reason other than maximum entertainment value. So, yeah.

• 15:23Tom Bilyeu?

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• 16:06Tom Bilyeu?

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• 16:47Tom Bilyeu?

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• 17:31Tom Bilyeu?

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• 17:50Tom Bilyeu?

  Thanks for sticking around. Let's get right back into the action.

• 17:54Speaker 01

  Let's ground this really quick. Here is the brief review of the time travel theory for people who haven't liked it.

• 17:59Tom Bilyeu?

  I want to know if he doesn't have a shirt on.

• 18:00Speaker 04

  Probably one of the most bizarre things I've ever seen. The shooter from last night's name was Cole Allen, but there's a Twitter account from 2023, and this account made one post, and it was almost two and a half years ago, and it was just Cole Allen. Now here's where it gets wilder. The header of this account is an image from a website called Time Machine, which is a project to preserve digital use of our heritage. But it gets even wilder. If you superimpose the image of Butler over it, there's an outline of Trump.

• 18:31Tom Bilyeu?

  Is there? Like, bro, I have watched that so many times. I'm like, oh. Like, there are a couple places where it's like, yes, I can kind of see what you see. But even the one where, like, I was watching it on Silent first, and they were doing just like a slider, so that it goes from like completely invisible to Trump image to like fully opaque. They're going back and forth. On Silent, I thought they were using it to show this is ridiculous. Then when you start actually looking at what it says, it's like, see? And I was like, okay, hold on a second.

• 19:01Speaker 01

  We're doing too much now.

• 19:02Tom Bilyeu?

  Yeah, I thought, I thought you guys were proving this wasn't true. Now I don't know if they can see that yet.

• 19:05Speaker 01

  Yeah, can we share this? Can we throw this up?

• 19:07Tom Bilyeu?

  This is...

• 19:07Speaker 01

  Before we start the conversation,

• 19:08Tom Bilyeu?

  Yes.

• 19:09Speaker 01

  I would just like to put, plant this flag. Shout out to Tom for this meme. Everything is a sign if you're insane enough. And I think we are clinically insane because we keep doing the same thing, expecting different results. We keep calling Trump a Nazi, expecting him to get assassinated. We keep calling the left, uh, snowflakes, expecting them to all leave the country. We're going through these constant loops of the bad guy, bad guy, bad guy thing. So we kind of wind ourselves up. But with that being said, you're officially planting your flag, not a false flag. This was just, this is internet brain slop. Don't look into it.

• 19:39Tom Bilyeu?

  Never let a good crisis go to waste. They're definitely taking advantage of it. I think that the reality is, as a nation, we need to get back to, Congress exists for a reason. Congress needs to show some leadership. Um, I do actually think that the ballroom is a phenomenal idea in a universe where our budget is balanced. We don't have a balanced budget, so this is crazy. Now, if he really did raise all outside money, great, fantastic. Um, when you're walking around Europe, and especially Italy, you really have a sense of like...

• 20:10Tom Bilyeu?

  It must have been so crazy. Even today, the Colosseum is this imposing, beautiful structure. It's incredible. It's thousands of years old. And so for it to have withstood aesthetically, for it to actually just still be standing is incredible. And there's stuff like that all over the place. And it really is truly magnificent. And it made me mourn that as a society, we're just not there. Like, we want to tear things down. We don't share a sense of like, there are things that are meant to be celebrated, that we're trying to basically gas ourselves up as a society. Like, if you go do research on why the Statue of David exists, the Statue of David

• 20:51Tom Bilyeu?

  was meant to say, the Republic is so strong, that, because it's David from David and Goliath fame, that, you know, we've got this huge imposing figure of this small but mighty guy that rose up against the giants around him. And so they created this work of art to like rally people's sentiment as they were on the come up. And that idea of like, we want to rally people through works of art by getting people inspired and motivated to feel this sense of group cohesion, is incredible. And the fact that it still hits the human psyche that way today, such that people come from all around the world to see this stuff. In fact, Lisa, who was getting recognized,

• 21:34Tom Bilyeu?

  left, right, and center. God bless that woman, like, for real, doing stuff. The number of women that came up to her and was like, you've touched my life in all these incredible positive ways. It was rad. There was this woman from India, and she was like, Lisa goes, oh, are you here on vacation? She's like, no, I'm on a pilgrimage. We were like, damn. And so she was there with a group of other women from India on this pilgrimage to like, see these sites that have lasted for so long, because they have so much emotional intensity. And we just, we're just so busy picking at each other, pulling each other apart. Again, because we don't have a balanced budget. I hate to make it that pedestrian, but that's your problem. And That is really hard. And so because to reverse that momentum and get it pointed in the

• 22:19Tom Bilyeu?

  right direction is very difficult, which is another thing I was thinking about in Italy. To all my Italians, I love you guys. Thank you for letting me spend time in your extraordinary country. Italy would be amazing if it wasn't for the Italians. Bro, bro, what the fuck are they doing? It was so wild. As a culture, they are reinforcing this attitude. They call it being passionate. Lisa and I saw like these two guys just start yelling at each other over vegetables in Italian. So this wasn't even like, I just can't be around tourists. This is like two Italians having a go at each other over like a banana. It was so, and it was the shop owner and like a guy. It was the weirdest thing. And just like at every turn, they're looking at you like you're

• 23:05Tom Bilyeu?

  inconveniencing them for, like I had an Uber driver annoyed. I ordered the biggest van that you could get to load three suitcases. Looking at me like I had roaches on my face because I had three. It was hilarious. And so he was annoyed because I was like, these will fit. I put them in, everything fits just fine. Yeah, it was, I bring that up because what ends up happening is culturally, once the first guy yells to the second guy and the second guy just yells back, and then we start celebrating, oh, we're just a passionate culture. Now everyone's a dick to everybody else. And it's like, you just cannot get momentum. So I know I said this last time, but every time I go there, I have this sense of like, yo, you guys were rad 2000 years ago.

• 23:48Tom Bilyeu?

  What about now? Right? So that's where America is just racing down that same path of like, we used to do cool shit. And now we're really in, we're on the struggle bus because culturally, yeah, just reinforcing this negativity about each other. So it's very sad to see that play out.

• 24:05Speaker 01

  There's something you said about the monuments and like the Colosseum thing though that I want to kind of bring back. Is it the Colosseum gives them a united history that they can kind of be proud of? And our equivalent of like the Statue of Liberty, Washington Monument, don't do the same things? Or is there a historical context I'm missing about the Colosseum specifically?

• 24:23Tom Bilyeu?

  No, no, because when you go to DC, you get that same feeling. DC feels like an outdoor museum.

• 24:29Speaker 01

  Yeah, yeah, yeah.

• 24:30Tom Bilyeu?

  And so there was something very cool about that.

• 24:32Speaker 01

  Okay.

• 24:33Tom Bilyeu?

  It's, we don't celebrate it anymore. We're not trying to build new and beautiful things. We're not looking to, like, I even, until really recently, nah, never thought about like, oh, let's go build some of these equally beautiful things. I live in LA, which is like the land of ghastly architecture. I mean, it's just an absolute clusterfuck here. Everything feels like it was meant to blow over in 25 years. So I just didn't think about it. And then as I spend more and more time with other cultures around the world and you start seeing like these gigantic monuments. Go, go to the airport in Dubai. It feels like a seven star hotel, the airport. And you just realize when you're surrounded by beauty, it makes you feel differently.

• 25:18Tom Bilyeu?

  And so there was a time where that was like really pushed that energy of like, we're important. Which by the way, every country should feel that. You should be pushing your team to feel good about themselves, to be proud of themselves. Now for a reason, if you've got problems, address your problems, but like you've got to get people to focus on the positive stuff. So your frame of reference determines what you look at and what you see. And so if you look at the problems in the world, that's all you're going to see. There's plenty of evidence that it exists. But if you want to create beauty and show how that brings people together, that will also work.

• 25:55Speaker 01

  And then now to spin it back to the Trump assassination thing. It, it does seem like that theory has more holes, the more you start to think about it, because false flags. Why would you leave the guy up? Why would he get stopped so quickly? Where at least in Butler, they got a shot off allegedly, you know what I mean? So it's one of those things, it doesn't necessarily make sense when you start to chip away at these things. Is this kind of downstream of the Candace Owens-ization of politics? And we're just trying to look at, we're just trying to form connections wherever we can find them.

• 26:27Tom Bilyeu?

  I'm shocked by how much that is a real thing, that people want to see a conspiracy and everything. People, myself included, there's something extremely entertaining about thinking, oh, I see how this really works. And When you get that on a social level, meaning a social media level, where somebody can put out all of these connections that if you're not going to do the research, on the surface, they can make a narrative that sounds perfectly plausible. And when somebody gives you a like very simple predigested breakdown of this is what the world is, and it's intriguing because it's contrary to what everybody else is saying,

• 27:12Tom Bilyeu?

  it feels like secret knowledge, I understand this and you don't, that the human mind really runs wild with it. And so that is the thing that I would never have guessed exists at the amplitude that it exists at now, but that really is a thing.

• 27:28Speaker 01

  Yeah, and I think it doesn't help that we're seeing it on the other side with like the coordinated text messages and tweets that all kind of came out at the same time where right after the assassination, thirty right-leaning accounts were all talking about having the ballroom. Ashley Sinclair did a brief video talking about that.

• 27:47Tom Bilyeu?

  There's clearly, so if you start breaking down, how does communication work in today's day and age? Okay, most of the people that are social influencers, they're in a bunch of WhatsApp or Telegram groups. And so people want to know who's writing the script. It's going to be stuff that's being talked about there. I admittedly don't pay a lot of attention, but I'm in a small handful of these groups. Nobody's trying to coordinate messaging, but somebody will put forward an idea that's really crisp. And so you're like, ooh, I like that. And so now they'll say, I mean, I literally see this. They'll say things like, oh, I'm going to steal that, I'm going to post that. And so then a bunch of people, and the person will be like, yeah, of course. People will then run off and post it, and it looks like people are coordinating,

• 28:29Tom Bilyeu?

  but at least in my experience, it isn't anybody officially like saying, hey, we all need to go post this. It's somebody saying a banger line in a WhatsApp group, and then everybody else like, oh shit. And you're in these WhatsApp groups specifically because you want to be around like-minded people. So that I think is just, when you look at the underlying way that we now communicate, you've got the back-channel private groups, then you've got the Public facing group. So everybody's workshopping the messaging in a super informal way, but they're like effectively going, oh, here's what I think. And then somebody who they trust and like goes, well, I don't know about that, but this. And then it's like, by the end, it's like, the group think is starting to form inside of that WhatsApp group.

• 29:11Tom Bilyeu?

  Then that translates to public messaging and then the public messaging is refined by algorithms. Because listen, I've gotten very good at understanding the YouTube algorithm. That's the one that I understand better than any of the other ones, just because for my business, I have to understand it. And so I'm like, yeah. And then you're like, that idea then crystallizes into a headline thumbnail. You know what I mean? And so we've got this, I go on social, I'm getting all these, all this different information. I go workshop, nobody thinks of it like that, but you go workshop it in a WhatsApp group. And then you crystallize your message, then you marry it to what you know about the algorithms and boom. Everybody's getting that really refined version. And so the really refined version is going to be the one that survived the sort of informal testing.

• 29:55Tom Bilyeu?

  You know, what do they call that? A focus group testing in your WhatsApp group. And then if you're somebody who actually gets visibility is because you understand the algorithms. And so then it's refined again there. And now you've got everybody using that same headline because it gets traction. So when people are like, who's publishing the script on this stuff? It's like, eh, for the most part, it probably doesn't work like that. Like there might be high level groups in the government where there's like a caucus or whatever that actually does say, okay, this is the line that we're going to use. Make sure you repeat that. This is why like the billionaire tax, you're, you, you're going to go way out of your way to come up with a banger title.

• 30:37Tom Bilyeu?

  Because you know that the bill is going to be referred to, it won't be referred to by its number. It's going to be referred to by a name. So you're going to make sure that you come up with a name that's going to be sticky, that gets in people's minds, that even if you say the billionaire tax isn't just for billionaires. You're just reinforcing, reinforcing, reinforcing this idea of a billionaire tax. And so there might be a core group of people that are high information voters, they understand. But as you get out into these concentric circles, you just know you keep hearing billionaire tax. And it wouldn't be called the billionaire tax if it wasn't for billionaires, right? So it's like, the people that come up with those names understand how that works. Taking a short break, but there's more Impact Theory after. Stay tuned. You're probably paying two salespeople to do one salesperson's job. That's where today's sponsor, Pipe Drive, comes in.

• 31:22Tom Bilyeu?

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• 32:04Tom Bilyeu?

  Just head to pipedrive.com/impact to get started. Again, that's pipedrive.com/impact and you can be up and running in minutes.

• 32:17Tom Bilyeu?

  Thanks for staying tuned. Now, let's get back to it.

• 32:20Speaker 01

  I kind of took the other perspective because I'm thinking this has been around for generations because before social media, it was coordinated local TV rights, local news, talk radio. We had that Sinclair Broadcasting Group clip where the news anchors of 20 different small regional networks in different areas are all saying the exact same thing, word for word. It literally is the same script. And then if you go back, you know, 1,000 years, it was a king telling all the peasants to tell all the other peasants and that's how they would kind of do installations and that's how they will call revolutions and things like that. So there is a need for a political class to have a script, quote unquote, just for like a placeholder term. So I don't think it's crazy for people to assume it. I just don't know if these accounts necessarily are tied to it.

• 33:06Speaker 01

  But in 2026, we do have to be transparent. There is a script that's coming from the White House to try to control these narratives and this bit.

• 33:12Tom Bilyeu?

  I think you're absolutely right. I mean, this is the iron law of oligarchy. There is a reality to be faced, James Burnham, James Burnham, about the way that the human mind works. Therefore, there's always going to be an elite group of people that are going to tell you this is what's really going on. And when there's high trust in those institutions, it works. When that high trust begins to fragment, either because we don't trust them, or there's just so many voices. Then you get a very different reality, which is what we're living in now, where it's there's, you know, thirty arguments out there for people to pick and choose based on what flavor they want of like main flavors. And then there's God knows how many tens of thousands, hundreds of thousands of variations on those themes that people can choose to go down that rabbit hole

• 33:56Tom Bilyeu?

  and sequester themselves inside of groupthink in their own little area. But I don't think that we have, like, I don't think that we need that. I think it's just that's how the mind works. And so we gravitate towards that. Because shortcuts are necessary, given the overwhelming amount of information. And I mean, if I can bring up the, the idea that we live inside of a simulation, some of this stuff is just computational. And even if you won't grant me that it's literally a simulation, your brain operates on the same foundations. So humans only see zero point zero zero three five percent of the electromagnetic spectrum.

• 34:39Tom Bilyeu?

  And so when we think of, oh, we look out, we see the world as it is. Bro, you, you don't even see half of a percent of the world as it actually is. Like, think about that. That's so crazy. So we're, we fill in all the gaps with all these shortcuts, assumptions, heuristics, that the brain just does. And the information landscape is exactly the same. It's like, we don't really know what's going on. There's just too much information. And so our brain just fills in all the gaps. And it, we're filling in the gaps created by somebody who's already just giving us headlines. And so it's the most Swiss cheesy understanding of how the world actually operates. But it's enough to like, get you laid, make some money, and like, get by.

• 35:24Tom Bilyeu?

  And ultimately, simulation or not, that's what evolution wants. And so evolution is looking for the propagation of genes. And so it doesn't need like this super accurate thing. So anyway, it is a devastating truth about the way that the human mind works. You can Limit the effects of the trap on you as an individual because you can step outside of it, understand what a frame of reference is, get a slightly clearer picture and navigate well yourself because you understand how all of that is playing out. But there's only so much time and cognitive space for people to try to truly map the world. So we're all going to use shortcuts to some extent.

• 36:10Tom Bilyeu?

  And it just becomes a question of what method do you use to check the utility? I won't even say truth, but what method do you use to check the utility of the interpretation that you're using? And for me, that's where am I trying to get to? And by believing what I believe, is it moving me towards or away from that? If towards, cool, then I'm at least there's high utility. If it's moving me away from my goals, then it's like it's low utility, even if it's true.

• 36:42Speaker 01

  And last thing on this, Jimmy Kimmel had a joke over the weekend about the White House Correspondents Dinner. Co-people felt it was a bit insensitive. Let's see what you guys think.

• 36:52Speaker 05

  Our first lady Melania is here. Look at, well, so beautiful. Mrs. Trump, you have a glow like an expected widow.

• 37:02Tom Bilyeu?

  Yeah, I mean, here's the thing, man. Comedians gonna comedy and I think that they should push the envelope.

• 37:12Tom Bilyeu?

  At a time where we are at

• 37:17Tom Bilyeu?

  the divisiveness that we're at, I don't love it, but he should be able to say it. Like let comedians do their thing. I'm not mad at him for saying it, whatever. And I've actually seen him do, he was Jay Shetty, shout out to Jay Shetty, who I love off camera, just an amazing guy.

• 37:35Tom Bilyeu?

  Did a live event with him and I was shocked at how funny he was. I'm not gonna lie, like on his feet, just funny. Now, he does use, he's got a very acerbic sense of humor, so it's all a bit sort of mean, but still funny. And so, he is a funny guy, like I get that people on the right don't think he's funny. He's got chops, there's a reason that he's had the career that he's had. You may not like his politics and that may thus make it land with a tin ear for you. But it's like, I get that some people are gonna find that funny, but whatever. Be edgy, do your thing. I don't have beef with comedians, I think they should be able to go pretty buck wild.

• 38:11Speaker 01

  Onto the next one. Alright, cool. In that case, let's shift gears here, let's jump into the Southern Poverty Law Center fiasco. Elon Musk was retweeting a bunch of stuff, he was going off. I have started to fact check a lot of Elon's retweet, because every time he retweets, yes, half the time, there's a community note there, like two days later, so now I'm like, okay, before I just throw that up, let's see, but uh, what was your first reaction when you heard about the Southern Poverty Law Center stuff?

• 38:39Tom Bilyeu?

  It was a deep and abiding sadness, because as a child of the eighties, I'm watching all of the institutions that I once really believed in, reveal themselves to be politically motivated, as I think is just true of the moment, I think most everybody is on a team. But let's go through the specifics, I think that this will help us actually have a fruitful conversation about this meta thing, so I'll give you what's really going on with the Southern Poverty Law Center, but then I want to have a more meta conversation. Alright, so, the Southern Poverty Law Center is being accused of funding the very hate, the groups that they're supposedly trying to stop.

• 39:20Tom Bilyeu?

  The SPLC, as they're most frequently referred to as, got an indictment on 11 federal counts. So, a few of them are wire fraud, bank fraud, money laundering, there's a bunch more. The DOJ says that they use donor money to secretly pay a bunch of bad guys, including KKK people. Now, this all sounds incredibly explosive, but, many are saying that the case just isn't gonna hold up. In trial, I'll explain the reasons. First, let's go through the specific claims. So between 2014 and 2023, the SPLC paid roughly $3 million to informants inside the KKK, the neo-Nazi group National Alliance and the Aryan Nations. I don't think anyone is disputing that.

• 40:05Tom Bilyeu?

  So if we can set that forward, they've paid $3 million to people inside of these organizations. But the idea of them being paid informants is the important part. Now, it gets weird because they moved the money through shell accounts with names like Fox Photography and Rare Books Warehouse, to name but a few. Acting Attorney General Todd Blanch says the SPLC was manufacturing the extremism it purports to oppose. That feels like a misrepresentation. Based on what I know now, I'll walk you through what I think is really going on. But ultimately, that really is going to be the question at the center of this case. Were they funding the extremism? Or were they simply using the same paid informant technique

• 40:49Tom Bilyeu?

  that law enforcement and other investigative agencies, like Project Veritas, by the way, who I love, use to get information on groups that they're trying to get dirt on? The Project Veritas stuff makes me laugh. Getting all these guys on camera just saying the thing is so wild. And the fact that they just use hot people flirting with them to do it is the most amusing indictment of humanity that you're ever going to see. So, look, this is a technique that's used by a lot of people, including, I'm sure, some of your guys' favorite groups. So you really want to think about this at the policy level? Don't think about it just at the level of this one group. Say, do I want my favorite group that's fighting in the name of the thing I like to be able to do this? In which case, you've got to take the good with the bad.

• 41:32Tom Bilyeu?

  Right, a handful of legal experts are calling the indictment preposterous. A retired federal judge predicts that the case is just going to collapse once it gets to trial because one of the big claims, namely that donors were tricked into donating, not knowing what the actual money was being used for. That's probably not going to withstand scrutiny. 20 SPLC donors have already come forward. They told an outlet called The Intercept that Informants was exactly what they wanted their money to go towards. As mentioned, other organizations like Project Veritas run the same playbook coming from the right. And nobody has indicted them yet. We'll see what happens. I certainly don't expect the lawfare to end if the Republicans lose or when the Republicans lose power.

• 42:15Tom Bilyeu?

  Now, we all need to be cognizant of a growing problem. This is where we get into the meta aspect of all this. It's really strong in the US that incentives drive outcomes. Okay, that's true globally. If hate were to go away, this is a sad truth, the SPLC would go out of business. Okay, so they are not incentivized to make the problem go away. Even if that's only an algorithm running in the back of their minds. More hate in the world benefits the SPLC and any other organization, by the way, that generates donations by pushing an agenda of fighting back against a supposed boogeyman. We need that common enemy. You guys have, I'm sure, thought through the experiment of what would the world look like if we were attacked by aliens?

• 42:59Tom Bilyeu?

  The story goes that we would all unite. There was actually a really famous, I think it was between Reagan and Gorbachev, where he said, Reagan said to Gorbachev, "If we were under attack by aliens, would you come to our aid?" And he said, "Yes." Now, whether that's an apocryphal story or not, it shows the way the human mind works. We just need a way to look at each other as being on the same team. When we think of ourselves being on opposite teams, we're going to fight like cats and dogs. So, given how divided we are as a nation, I think that we're going to see more and more people just be absolutely consumed by a winner-take-all mentality, where everything is seen as this insane existential fight. And so, the incentives are to, because it's coming from, just assume for at least a thought experiment,

• 43:43Tom Bilyeu?

  it's coming from a real place of belief. It's not cynical. It's they really believe that they're on the right team. And because of what's going on with inflation, robbing people of their money, making it impossible for a middle class to exist and for them to make ends meet, they go on to teams because they feel like they're literally in a fight for their lives. I mean, this is just populism 101. This is what happens every time we go through something like this. And so, when you're on a team and you believe you're in an existential fight, suddenly, it feels completely justified to use violence. There's crazy stats coming out where more and more people think that violence is sometimes justified. Especially, the younger they are, the more likely they are to believe that.

• 44:25Tom Bilyeu?

  And if you believe that your cause is just and the other side is evil, then it's like, yeah, we're, if I've got to make an informant that's a member of the KKK wealthy to get information on the KKK, then that's what I'm going to do. And if that just so happens to make sure that I've got job security, hey, that's wonderful. So when all of this is rationing up, people are going to look more and they're going to look for more and more evidence that the war that they're designed to fight is still raging and it needs to be fought harder than ever, especially if they need that information in order to get the dollars that they need to stay in business. And every organization wants to grow. So it's like, if you can make it seem bigger and bigger and bigger, then you're

• 45:07Tom Bilyeu?

  going to do that. If you need evidence of that, just look at YouTube headlines. It's like, this is just the way it works because the human mind needs to feel like, yo, this moment is important. I need to pay attention to this one. I need to make this donation to this group because this thing is really happening. Now, again, I'm not saying that's why they're doing it, but I am saying that's the incentive. So if you keep all of that in your head, you don't have to believe that anybody, when they're doing this, is being bad or that they're evil, but that this is just the structure of the human mind. This is how this stuff plays out. So you don't have to get sucked into it. You can step outside of that fray, look back at this and go, okay, some weighting of this needs to

• 45:49Tom Bilyeu?

  be read to this is a bad incentive structure. So odds are that they're doing things that if I really saw the nitty gritty of this, I would not like this at all. And then you just ask, do I still think that it's worth it? But at least then you've got your eyes wide open and then understand that your team is doing it too. If you're on a team, I promise you, your team is doing it. How can I promise you that? Because it's effective. And over time, groups always find the thing that's effective or they go out of business. So the groups that have lasted the longest are the ones that are most aligned with the architecture of the human mind. So just keep that in mind. Now, if that's true, then the indictment probably will fall apart. And we just all need to be aware of the groups like the SPLC have fundraising incentive to make America look like it's one inch away

• 46:34Tom Bilyeu?

  from a race. War, whatever team you're voting for, whatever goal you want to see, they all have a similar.

• 46:40Speaker 01

  What side of the race war you're on?

• 46:41Tom Bilyeu?

  Well, not even just a race war, but like if your war is totally different. So take the DOJ. So Trump is going to use the DOJ to make it look like the SPLC is a rogue group that's just trying to bring down conservatives, right? And so you're going to see that side being like, oh my God, like this is existential for conservatives. And so you're just going to see that rhetoric all the time, all the time, all the time. When in reality, the only thing that's existential is the economy. So welcome to my delusion and my existential rant that I will bang the table on because I really believe it. And I'm well aware that my incentive is to make sure that you guys are convinced because I believe it. And so that's why I remind myself endlessly

• 47:24Tom Bilyeu?

  that I am at my most fragile when I'm at my most convinced. And so all of us need to be very careful, especially when we're making decisions in our own life. Like, what do we do here? I have a whole nother rant there, but I'm gonna stop.

• 47:37Speaker 01

  I have a lot of follow ups. First chat is questioning your comparison between the SPLC and Project Veritas. What did you mean by that? Just to clarify?

• 47:46Tom Bilyeu?

  So from what I have seen in my research so far, Project Veritas also does similar things. I don't know that they, I believe as of right now, and I could be very wrong. So by all means, if we have reason to believe that they don't do this, but it is my understanding from the things that I've read that they do that as well. So they'll pay informants inside of other groups to get information on them. And that to me right now is the central question. If, because as far as I can tell, again, from early research, but as far as I can tell, it isn't illegal to pay an informant. So you can do that. Now, what would be illegal is if you're violating someone's privacy, if you're lying to donors, things like that, then you're going to be in trouble. And that's what's going to be proven out. But if they can't find anybody who's like, whoa,

• 48:31Tom Bilyeu?

  I was told that it would, my donations would never be used for something like that, then they might have a case. I'm just not expecting that. I'm guessing if you donated money to the Southern Poverty Law Center, the very thing that you're looking for them to do. Is uncover any and all hate that is happening in the world.

• 48:50Tom Bilyeu?

  So it will come down to whether they were using a tactic that will fall under the First Amendment, or whether they are using a tactic that actually does violate some other law. Because if it doesn't violate the law, then there's going to be nothing there. And so I'm saying, think of all this kind of stuff as a policy, because they're not going to be the only ones using that, that technique. And the thing that was originally presented when I first started researching this, was as if they were just secretly funding these groups to go do their thing. From what I've seen, again, early stages of research, but from what I've seen, the thing that they have paid for is informants. So we'll see if that ends up being true. If it's not, and they're actually just trying to stir up hate,

• 49:33Tom Bilyeu?

  to make sure that they have a job in the future, cool, that'll come out in the wash. But in my current estimation of what's happening, I haven't seen the proof of that.

• 49:42Speaker 01

  I wanted to pitch a logic chain to you and think if this like passes the sniff test. Internationally, sometimes it is for the nation's best interest to do some things that might destabilize communities, destabilize governments. We might create nonprofits, create entities, things like that, that can move on the shadow. And we'll call it like Colonel Jessup's shadow of like democracy. I feel like on the international level, that's fine to do that as long as it's for America's best interest. Once America's best interest becomes a justifier, it then starts to go internationally into domestically. Okay, I'll only do it for the bad groups. And then that kind of spirals out.

• 50:25Speaker 01

  And then before you know it, every group they describe is bad. Could be anything from the Black Panther Party to the cake, and all these other things that have happened since then. So is this really the emperor without clothes? Or is this just another kind of, it started off good and then the government got like, or bureaucracy got perverted and then it turned a different direction? Like where is this shadow movement kind of origin story coming from? Because we're starting to see it a lot, whether it's USA, whether it's SPLC, whether it's Black Lives Matter, and some of these other groups that just a decade ago, we literally felt the exact opposite of how we feel about them now.

• 51:04Tom Bilyeu?

  It is a very interesting cultural phenomenon that we went from, give me liberty, or give me death, to protect me from everything, no matter the cost. And that's what I think you see playing out. We're no longer willing to pay a price for freedom. And people aren't even sure that they want freedom anymore. And cultures change, man. And so, yeah, there may not be anything that we can do to revive that spirit. It may just be that it had its time and all these things move in cycles. And so, a culture somewhere, us or somewhere else, will rediscover true liberty and make demands.

• 51:45Tom Bilyeu?

  It may be from the radioactive rubble because we didn't allow, you know, that kind of surveillance in order to stop something like that. So this isn't one where I necessarily even want to, at least in this moment, because I do reserve the right to one day just really go berserk on this topic.

• 52:06Tom Bilyeu?

  I think people should cherish freedom. And I think that we, the reason that even though I'm not religious, the reason that I'm so pro Christianity is that Christianity gave us this idea that the individual is sacred. And that foundational belief then played out in the Enlightenment. And so, the crazy thing is, the church was like killing people hand over fist. But that idea of the individual is sacred just wouldn't let go. And so, over a long enough period of time, you get the Enlightenment and all that stuff. And now we're clawing back away from that and saying, safety, safety, safety. And I think it was Benjamin Franklin, it was one of the founding fathers that was like, if you exchange

• 52:52Tom Bilyeu?

  freedom for safety, you get neither of either of them. It's a really banger quote, I'm totally fucking up right now. But that quote I've always really thought was incredible because

• 53:05Tom Bilyeu?

  It's just like with socialism. People never ask the question, how do you enforce this? And it always ends up with men with guns. And once you understand, oh, they'll kill me and like do this. Got it. Then it's like, whoa, are you really interested in that? Because the government will truly put its heel on your throat. And for me, there's a reason that I don't want to live in China. Even if China were like pulling ahead at some point and I was like, wow, this moment in history brought to you by dictators are a better play. I still be like, but I don't want a dictator. Like, I would much rather be able to be over here fucking up because I have freedom than be forced on the right path over here.

• 53:49Tom Bilyeu?

  Now, that's a quirk of my wiring that I don't expect everybody to agree with. But it's like, dude, in fact, did we release the thing that I recorded about the five books? That people should get behind? I have no idea if that was taken well or poorly. But man, it's once you have a historical context for how evil it would be to have a government go, I know what's best for you. And I will kill tens of millions of you to make sure that my way gets executed on. I'm just not here for that.

• 54:18Speaker 01

  Yeah. It's interesting that you say that because I forgot who said it. It's gonna bother me. But they were talking about how they diagnosed America's current problems by saying the individual is sacred is now getting pervaded to the other side. Where certain individuals think that they're smart enough to say, okay, because because independent sovereignty is so important, I need to do this thing that's going to help other people realize their independent sovereignty. So then they end up trying to build in, can screw and bend the rules and all these things because they're so focused on one thing that it then propagates into something that ends up impacting like masses.

• 54:57Tom Bilyeu?

  This is what I call the dumb voter problem. I can learn everything about somebody that I need to know. Like, it's a calibrating question.

• 55:04Speaker 01

  Yeah.

• 55:05Tom Bilyeu?

  Just ask, okay. If a bunch of dumb people got together and voted for the very thing that you hate. What do you want to be done about that? And if they're like, yeah, we've got to let dumb people vote because who the hell would get to decide who's dumb or not? And so, yeah, if dumb people outvote me, such is a democracy. It is what it is. If people are like, nope, you gotta like find a way uh invalidate their votes, do something, but you gotta keep them out of the voting pool, then I'm just like, yeah, we've got a problem. Take, God, this is gonna be controversial. Take women.

• 55:45Tom Bilyeu?

  Women are predisposed to very different thing than men. Dude, look up some of the things Camille Paglia has said, a woman, first of all. Uh, and she was like, if women, uh, I'm paraphrasing and I may get this a little wrong, so please chat if you guys know the real quote. Uh, let me know, but she said something along the lines of if women ruled the world, we'd still be in grass huts.

• 56:09Speaker 01

  Camille Paglia?

• 56:10Tom Bilyeu?

  Paglia?

• 56:11Speaker 01

  Paglia, yeah, okay. If we-

• 56:14Tom Bilyeu?

  Just type in her name and then grass huts and see if you can get the uh, the full quote. So it's like, what she's saying is that um, women are evolutionarily bent to be into very different things than men. And men have been evolutionarily shaped by women, PS by the way. Uh, okay, so here it is. If civilization had been left in female hands, we would still be living in grass huts. Camille Paglia. So what she's getting at is not that women are bad or dumb. They certainly are not. And if you have awesome women in your life, you will learn very quickly. Uh, they are your peer. They are just very different than you, dear men. So what she's saying is they're optimized for something different.

• 56:59Tom Bilyeu?

  And men are optimized for something different. And men are, if you left the world exclusively in male hands, I think it would be pathological just on the other side. So men are going to be uh- Nazi Germany, just to give it like a really goose stepping. I want to see you salute me for eight hours and if you lower your arm first, we fucking shoot you. I mean, it's like, that's like masculinity gone pathological. And then the woke movement is femininity, whether expressed by men or women, by the way, gone pathological on the other side. So men are hyper ambitious, very aggressive. They try to innovate as a way to dunk on other people and to be better than them and to climb higher than them and all that.

• 57:40Tom Bilyeu?

  And yeah, that's what, if you think of men as a, oh God, I'm really going to just give people all the ammo in the world. Uh, if you think of men as a breeding experiment on behalf of women, then it's like, well, this, this is what you wanted. And the thing is, in a modern context, it feels weird. In the same way that our palate is designed to make us want to eat ho ho's and cupcakes. Because in an evolutionary standpoint, getting the honey out of a beehive was super risky. But it was also, most people just starved to death. Like, history is a never ending story of you can't get your Minecraft civilization going, you just all die. And so you finally find ways to do things like farming and agriculture and all that stuff, but oh man, it's really hard.

• 58:24Tom Bilyeu?

  And so we had to have these incredible impulses to go and take huge risks and all that. But somebody's got to take care of the kids. Anyway, so we, we co-evolve but down these different paths. We come together, in my opinion, to be more of a whole when we're together. And one of the truest things my wife ever said to me, because I was joking with her one day and I was like, man, do I wish that you thought like me, because this gets very frustrating. And she started laughing and she says, you don't wish that I thought like you and you don't wish that you could just always convince me. She was like, you would find me uninteresting in a heartbeat. And I was like, that's so true. And when I really reflect on our lives, what we've achieved, we've achieved because of the, the dynamic tension between the two of us.

• 59:06Tom Bilyeu?

  Where she wants to go one way, I want to go another, and we have to find a path that we both find beneficial. So, anyway, once people under, begin to understand that, then it's like you can get a better grasp of what the actual useful path forward is.

• 59:24Speaker 01

  The last thing with the SPLC thing, Trump did mention that they funded Charlottesville and the KKK. A lot of people are saying he's using this to kind of distance himself from like the very fine people comment and that was this other center was responsible for kind of judging that up. Do you think that SPLC had any long-term implications or anything that kind of consequences or was this just kind of a shady side deal and it's kind of isolated at that?

• 59:53Tom Bilyeu?

  It's hard to say at this stage in the investigation. We'll see what comes out in the indictment. If there's more information that they were just funding it, like think of the protests where you've got organizations that are like the No Kings Protest. You've got organizations spending millions of dollars, creating signs, all that stuff. That's like real material support to the protests. So if somebody said, hey, I have a beef with that. This isn't organic. This isn't, you know, grassroots. This is somebody with a lot of money coming in and giving them all the messaging and that the people don't even really understand what they're necessarily saying, but they've got the signs because they've been printing for them, all that. I'd be like, yeah, I get that. So if they're doing stuff like that, then I would be like, okay, that's pretty direct material support.

• 1:00:37Tom Bilyeu?

  I have not seen that evidence yet. So if I don't see that evidence, then I'll be like, okay, if the thing they actually did is pay informants and that's like a typical thing that groups do, then we all just have to decide as a matter of blanket policy, do we want to say you just can't do that and then you create legislation and you make that illegal. But you don't want to single out one group and go after them. You want to make it a policy.

• 1:01:01Speaker 01

  Okay, we have like four economic things and I want to get to all of them. You also been gone. There's been some stuff that's been popping off while you've been gone. So I kind of want to frame it with the stuff that you've been gone and then it's naturally going to like bleed into the economic stuff. But I think that we talk a lot of times about taxes, about communism, about capitalism. We talk about it at the 40,000 foot level, what the ought should be, what the is is, things like that. But there's certain ideas that are now gaining steam and I want to kind of attack those head on versus just take a headline and we talk about the headline and we don't talk about the idea from a grander stance. So Hassan went viral twice last week.

• 1:01:40Speaker 01

  He had a interview with the New York Times. They platformed him. The first debate before even jump into the clips is Hassan can say CEOs should be killed. The means of production should be seized and get a platform at the New York Times. A Nick Fuentes will never get platformed at New York Times. Should Hassan be like classified as an extremist and things like that? We could get into that. That thing that seems like censorship to me. So I don't think that that's really a fruitful conversation, but

• 1:02:04Tom Bilyeu?

  Well.

• 1:02:05Speaker 01

  I'm curious to see what you yeah, think about that.

• 1:02:07Tom Bilyeu?

  I would say that labeling somebody is not the same as censorship. As long as there is no um core like you're not institutionally being blocked by something. I don't think Hassan should be debanked. I don't think he should be algorithmically muted or anything like that. And I really don't think he should lose his account. We have laws around freedom of speech that are clearly defined. And I personally wish that the private companies, and they are private companies. But I do wish that the private companies just adhered algorithmically to what is um put in the constitution. And then I wish that they would allow users to control the algorithm and say, I want like

• 1:02:53Tom Bilyeu?

  either let people make algorithms. So like, imagine if as a private citizen, I could go get off of a forum somewhere, I could get somebody's algorithm that I could then apply to my X feed or my Instagram feed or whatever. So showing me what I want to see, not what optimizes the money for that company. That would be dope. They're not going to do that, by the way. But that would be awesome. So now I don't know that it would work. That's the bad news. And so from an economic standpoint, it may just always lose out because you just can't sustain the company. So it is what it is, but that would be my fantasy where people have the ability to choose

• 1:03:35Tom Bilyeu?

  the algorithmic amplification because I get that they don't want to amplify that stuff. But nonetheless, Hassan, when he was across the table from me was really lovely. And I don't ever want to betray that. Now, of course, people send. And an emissary, that was a version of him. And so I don't know what version of him he wants me to believe, the one that seems like an unhinged lunatic on his own streams, or the far more reasonable person that sat across from me. So, but going back to this idea of labels, Hassan has called himself, I've seen it out of his own mouth, say, I am a propagandist. So if you call him a propagandist, that seems pretty fair, as he has said, I am a propagandist.

• 1:04:16Tom Bilyeu?

  Are his views extreme? Yeah, in my opinion, yes. But do I want to see him debanked or anything like that? Absolutely not.

• 1:04:25Speaker 01

  Copy. All right.

• 1:04:26Tom Bilyeu?

  Now, when he calls for violence, that's a totally different thing.

• 1:04:28Speaker 01

  And that's where we're going. So he introduced this concept called social murder. In a new New York Times interview, Hasan Piker says that many understand Luigi Mangione's killing United Healthcare CEO Brian Thompson, because Thompson himself was guilty of, quote unquote, "social murder."

• 1:04:44Speaker 06

  Engels wrote about the concept of "social murder." And Brian Thompson, as the United Healthcare CEO, was engaging in a tremendous amount of social murder, the systematized forms of violence, the structural violence of poverty.

• 1:05:04Tom Bilyeu?

  Pause it for a second. So whenever you're arguing with somebody and you think that they're saying something that doesn't make sense, you want to drill into what is the base assumption, because he's putting forward a worldview, a frame of reference, that has a base assumption that healthcare is a right, and that a insurance company therefore must exist, and that any CEO running a company, despite all the personal risk that they take and all of that, which I get, a non-entrepreneur just has no fucking idea, for reasons that I hope are obvious, I feel very aggressively about that. And so it's like, yeah, motherfucker, go build that company and now run it the way that I fucking think is the right way. There was a poll done where people asked, how profitable do you think companies are?

• 1:05:49Tom Bilyeu?

  And people estimated that companies are over 30% profitable. Do you know how fucking crazy that is? So the average company is actually like, whatever, 7% or something. So people have just a ridiculous sense of like what it takes to run a company and how profitable these companies are and all this stuff. It's patently absurd. Also, insurance companies have to pay out like up to, I think, eighty percent. And so an insurance company cannot keep more than twenty percent, no matter what. Like, they have to pay out. So eh, these guys just don't understand this stuff. They don't understand it. And so he's putting forward an idea that is stupid on a whole lot of levels.

• 1:06:31Tom Bilyeu?

  And one of the levels on which it is stupid is that healthcare is a right. Now, I expect my own community to be up in arms in about thirty seconds when this gets to them. Because I know a lot of them are gonna think that this shit is a right. And maybe, once the bots and AI are doing it for free, but when you're asking people to take incredible risk, invest massive amounts of capital, eh, no. So eh, all of that stuff is absurd. So i- it's... If you build a governmental structure that creates the infrastructure for business to thrive and make it impossible for them to build monopolies, you're in great shape. The bad news is, we do the exact opposite.

• 1:07:15Tom Bilyeu?

  And we create this environment where regulatory capture makes it next to impossible for innovation to happen when you get these gigantic companies, where it takes hundreds of millions or even tens of billions of dollars to build a competitor, and now functionally, you have a monopoly. That's the thing that we've got to be super paranoid about. And when you've got somebody like Mark Cuban, who's like, "Guys, the real problem is this whatever layer of the bureaucracy." Yeah. He's like, "That is the problem." "You guys are all fucking worrying about some other thing." And he was like, "What we really need to do is make sure that we can use innovation to drive the cost down." "But I've gotta put up with all this bullshit of the bureaucracy being able to stop somebody like me."

• 1:08:00Tom Bilyeu?

  And if you're a lesser entrepreneur than him, or you have lesser capital than him, which is basically everybody, then it's like, "How the fuck are you gonna compete?" And so I, that just isn't the shared understanding of what a capitalist is or capitalism is. And it's one of those, capitalism is not like some clean angelic thing. It's a fucking messy knife fight of essentially guys trying to outdo each other effectively by any means necessary, which is why you need some light-touch regulation. And they're in there, they're, they're not innovating only because they love and wanna see good things, though there is a lot of that, myself included. I wanted to help my mom and my sister.

• 1:08:43Tom Bilyeu?

  And so I, remember, I didn't know Quest was going to be successful, but I knew my house was on the line. And so the emotional way that I connected with all that risk and all of the fatigue and suffering and ah, was like, I'm gonna help my mom and my sister. So I showed up every day thinking to my mom and my sister, my mom and my sister. And there is some of that, to be sure. But I'm not asking anybody, on balance, to take capitalism, myself included, by the way, I got fucking wealthy. And that was also a motivation. I was like, hey, if I can pull this off, a lot of money, holy shit, this could be incredible. So it's always gonna be a mixed bag of all that stuff. But in all of that, you get to take advantage of the way that God, the matrix, whatever,

• 1:09:25Tom Bilyeu?

  constructed us such that you get this small cadre of people, it's largely male, it is not exclusively male, but they are hyper ambitious and they are very driven and they will burn the candle at both ends. I have knowingly shortened my life by enduring a level of stress that is not healthy. But bro, if today I came down with a disease where I'm like, well, I've got two weeks to live or whatever, I'd be like, I really fucking gave it my all. Like, I really went after it. I would be very satisfied on my deathbed. So there are some people that like to play the game like that. You get to take advantage of that only when you create the system that allows people like that to really just go balls to the wall. And they will innovate and innovate and innovate and innovate to try and get you to give them your money.

• 1:10:09Tom Bilyeu?

  And they will drive costs down and they will make better products and they will make better products cheaper that help extend life, save people, all that. But they will also abuse the system. And one of the ways they abuse the system is regulatory capture, where they go, okay, I did all of that, I'm now in this position, I did take incredible risk and did miraculous things to get here. But I don't like this feeling of vulnerability. I don't want the next guy who's gonna outwork me, he's gonna be younger than me, faster than me, sharper than me, more of the moment than me, I've gotta block him out. And whether they know it consciously, And are just dickheads, or like we were talking about with the SPLC, it's just the subconscious motivation in the back of their mind. They never fully acknowledge, but is there, they're going to block other people out and we use the government to do it.

• 1:10:54Tom Bilyeu?

  And the great fucking irony is the people that are being abused by that system, meaning healthcare costs are going up. Do we have the graph that shows the administrators? I can't remember if I grabbed it, but it's been going all over. Administrative costs on hospitals. Yep, there it is. Look at your screens, boys and girls. The administrative costs, it's not physicians, more physicians that are driving the cost of healthcare up. It is administrators in the extreme. And one of the things that makes all that required is all the additional regulation. And so the very people being abused by the system who are screaming that Brian Thompson killed them. Nope, this killed you. This is what's making it ridiculously expensive. The reason that I say it could be free one day is in innovation.

• 1:11:35Tom Bilyeu?

  It's AI, it's robotics, if that really does like hit where they can capture essentially a hundred percent of the energy from the sun. And like now energy is free. That means after the first wave of robots, everything is free. Then sure, to say that everybody should have equal access, got it, love it, I'm here for it. But right now it's humans have to take huge risks, spend their life pouring themselves into a career. It's not owed to anybody.

• 1:12:03Speaker 01

  I want to land a plane on the conversation really quick because we're going to bring it back around to then hit some of the rebuttals that you have. And then chat will take some of your questions as well.

• 1:12:12Speaker 06

  For profit paywalled system of healthcare in this country. And the consequences of that are tremendous amounts of pain, tremendous amounts of violence, tremendous amounts of deaths. And that was a fascinating story from for me because America is very draconian about crime and punishment. They're very black and white on this issue. And yet because of the pervasive pain that the private healthcare system had created for the average American. I saw so many people immediately understand why this death had taken place.

• 1:12:56Speaker 01

  So it's one of those things now where hypothetically speaking, right?

• 1:13:00Tom Bilyeu?

  Yep.

• 1:13:01Speaker 01

  Luigi Mangione needed a surgery, couldn't get it cleared. His claim got approved. Two days, two weeks later, United CEO announced record profits, whatever like that. That's the typical news story that people are kind of regurgitating on. However, let's actually go through the layer as a company. Is there something we can actually do to hold healthcare companies accountable? Because there are, whether it's 1%, whether it's...

• 1:13:24Tom Bilyeu?

  What though?

• 1:13:26Speaker 01

  My, my very next point that there are certain, there is a certain percentage of, "I'm going to deny this claim because it cost me too much money." Versus the Hippocratic oath, "I have to help you whether or not I want to, whether I like you or not like that."

• 1:13:40Tom Bilyeu?

  Hippocratic oath is first do no harm.

• 1:13:45Speaker 01

  Okay, so then at that point, there is no responsibility, social, we can't legislate it or otherwise for healthcare companies in order to try to keep the health of their populace.

• 1:13:58Tom Bilyeu?

  You, you certainly can legislate an attempt, but what we have found is that when you try to run something like healthcare through the government, it gets atrocious. And I know people like to bang the drum about other countries that have free healthcare. Do you see the lines for seeing your normal GP in Canada? It was absurd. So they begin throttling it because the, when something is free, obviously usage rates go up, up, up, up, up. So,

• 1:14:27Tom Bilyeu?

  this is one of those things where the, the free market has proven to be far more beneficial at creating these things than the government by, by orders of magnitude. And I'll go back to the statement that I made before. If we want free healthcare, we can have it, but we've got to give something up to get it. So if Americans said, "Hey, we're going to balance the budget and our biggest expense is going to be healthcare. Here are the things that we're going to do to means test it to make sure that this doesn't become parasitic," which it will. And so we're going to make sure that everybody has high quality healthcare and we're going, we are going to realize there are trade-offs. When you make it free, there are going to be big trade-offs.

• 1:15:11Tom Bilyeu?

  And we're much happier with those trade offs than we are on the free market side. Cool. Like, like I said, even if I thought people were dumb to vote for it, I'm perfectly willing to accept what people decide to vote for. So this is one of those where what I would appeal to people on is look at how the free markets work. Answer the question, why China was in grinding poverty until they embraced the free market. And so you begin to understand the physics of how this stuff works, of how you actually get doctors to come in and do their thing. You begin to understand why, when the system has the government backing it, that administrative costs balloon

• 1:15:52Tom Bilyeu?

  in, in the most egregious way possible, that we don't spend money on more doctors, we spend more money on administrators. And so it's there.

• 1:16:03Tom Bilyeu?

  There is a base assumption being made, and this is what I was trying to get to with the diatribe about Hassan, is that he has a base assumption in his worldview that people are obligated to work on behalf of other people. Now, each and every person listening right now would never do that. They themselves obviously believe they should have a choice about where they work and what they do. But all of a sudden, when it's healthcare, it's like, no, no, no, motherfucker, get to work. And that's just crazy. That's somebody who's not saying, oh, yeah, these people, they're not slaves. And so they can work where they want, on what they want. They are not obligated. And so if Brian Thompson or anybody else wants to run a bad insurance company, they have the right to do that.

• 1:16:49Tom Bilyeu?

  And they should go out of business if it's bad. And if the government is funding a bad company, guess what we should be mad at? The government don't fund companies. Like Trump is now talking about buying Spirit Airlines. Like, how fucking stupid is that? That's so moronic. It's like companies are meant to go out of business. They're not doing the thing. So, uh, yeah, you gotta let it die. So get the government out of this shit. And even if we were going to make healthcare free, then what you do is you give people a stipend, just like I would want to see. them do with education. You go, here's your budget. Everybody gets this amount of money and spend it how you see fit. And if some people spend that money poorly and they die, yes, people have to be responsible for themselves.

• 1:17:32Tom Bilyeu?

  We are so, it's such a nanny state approach to be like, the government's gonna pay for everything. And we're gonna decide what you can and can't do. We don't think that you're capable of making that decision. That's wild to me. That, don't assume that your populace is stupid. And if you think your populace is stupid, in what way are you letting them vote? Like you're saying you're too dumb to make decisions for you, but you can make decisions for the whole country? Get the fuck out of here. That's so wild. So anyway, these are things when I talk to people like this, I'm like, hey, let's actually name your base assumptions. And let's get into it. And the only way for what he's saying to make sense to him is that, yes, this is a right, people have the right to healthcare. And if that means that we have to force people to work in those organizations, we will.

• 1:18:16Tom Bilyeu?

  And that's lunacy.

• 1:18:18Speaker 01

  I think for like school choice education, I can understand this point a bit more. I think health insurance is a bit different. Because of how gate kept the industry is in general, whereas there isn't a free market, open source healthcare marketplace. The Affordable Care Act is the closest thing and that's not even being properly funded or supported or anything.

• 1:18:39Tom Bilyeu?

  At all. It's the government. So what I'm saying is cool. You and I agree.

• 1:18:42Speaker 01

  But I'm saying I can't just go, I need healthinsurance.com. Like it's through my employer. There aren't independent healthcare institutions. I just walk in and say, hey, I want to be a member. They're trying to advocate that Costco can now sell healthcare, health insurance membership. That's something that's being lobbied too. So when it comes to education, yes, I'm in a shitty school. I can actually do something. I can take my kid out. I can move. I can drive. I can do these things now. If my health insurance is shitty, I can quit my job, yes, but now because I have cancer and I need health insurance, quitting my job to get, seems a little bit like counterproductive.

• 1:19:17Tom Bilyeu?

  Yeah, this is all stupid.

• 1:19:18Speaker 01

  Yeah. So I do think that health insurance specifically is a stupid industry that does need reform.

• 1:19:24Tom Bilyeu?

  Yeah. So now, yes, agreed. Reform, what does it look like? If you say government reform, now I'm flipping the table over. If you say innovation in the free market, then I say, yeah, cool. We're in total agreement.

• 1:19:38Speaker 01

  The delta from where we are now to where it would be in a perfect world. I think for health insurance, the casualties are too high that I can't just trust a selfish capitalist to worry about that. Cause right now, even with government subsidies propping them up, they're still denying at record rates. So I can only imagine when there's no regulatory oversight and I'm just giving them the 100% veto power. The nose will probably increase rather than decrease. And then after the wave of people die and then the next company comes and says, hey, we could do this a better way. Then I'm sure there'll probably be that open source news.

• 1:20:17Tom Bilyeu?

  Yeah. So look, this is all knowable. So the way that innovation works goes like this.

• 1:20:23Tom Bilyeu?

  I am a kid, I'm 21 years old and I want to help humanity and I want to get rich. And I'm fucking smart. And so I look out at the world and I go, hmm, I'm going to build better healthcare. And I want an even playing field from the government. I don't want this to be something that I can't get involved in where I've got to spend $50 million in legal stuff just to like start my company. I want regulation to be sure, but it needs to be light touch, it needs to be simple, easy to navigate. I then want to innovate. And for anybody that doesn't think this is true, remember that there are kids that have built nuclear reactors. I mean this literally. I've interviewed one of them on my show.

• 1:21:08Tom Bilyeu?

  That build nuclear reactors in their garage at 14. So they will innovate if they believe there's a future in this and they can do something with that. And so innovation drives costs down over time and makes quality better. But you have to create the incentive structure where that can happen. What I'm saying is the healthcare industry has done the exact opposite. It's got regulatory capture such that the government makes the hurdle to get involved in healthcare, basically at any level. Creating a medical device, anything. The hurdles are so absurdly high. The legislation was drafted by the companies that are already successful, designed specifically to keep anybody new out. Therefore, the 14 year old in this garage does not try to build a medical device.

• 1:21:52Tom Bilyeu?

  Because everybody he talks to is like, don't, it'll take you 20 years to get something approved. I've been on the advisory board of a medical device company for. Ten years? And they're just now going to market. Bro, the, the, the guy went from a hundred percent ownership of the company to like two percent ownership in the company because he's just had to keep raising capital, raising capital, raising capital, raising capital, raising capital, raising capital. And it wasn't the device. The device was a cheap heart. It was getting through the 10 years of regulatory hurdles. It's really insane. Like when people look at it, they're like, this is ridiculous. So if you can do a regulatory structure that instead of creating the graph where administrators

• 1:22:32Tom Bilyeu?

  is like a vertical wall of expense, you get more physicians, the cost of high quality treatment goes down, that would be better. So the way that this should work is that young kid develops something in his garage. It's very expensive because he's not doing it at massive scale. Wealthy people can afford it. They show that there's a business, then they begin to innovate and drive costs down. This is how technology works. Healthcare is technology, plain and simple. Period. End of story. The thing you are asking for is better technology. I don't think anybody's dumb enough to argue the fact that technology and healthcare are one in the same. So we are asking people to technologically innovate in healthcare.

• 1:23:14Tom Bilyeu?

  And what we know is, cool, you need to start making this shit that's very expensive, that a very limited number of people can do. And then all of a sudden the costs has come down, down, down, down, down, down, down, down, down until it's ubiquitous. But we glitch out as a society when only rich people can afford it. We freak the fuck out. We tip the tables over. We want it in the government's hands, which makes it more expensive and slower innovation. And yet I see people banging their chests wanting to do that. And I'm like, look, I get it. None of us want innovation to work the way that it does. We want God to hand us a, an updated MRI machine or hand us something that stops cancer instead of chemotherapy. We want the coders of the matrix to go in and edit a database variable. And now all of a sudden, nobody gets cancer or cancer is super easy to cure. It doesn't work like that.

• 1:23:58Tom Bilyeu?

  And so the way that it does work is we innovate in technology. And when the government gets involved, innovation stops.

• 1:24:07Speaker 01

  If so, fact out of that. Oh, we have the button. I forgot where it is, though. Alright, I'll get to that another. Uh, okay, we need to talk about this billionaire tax, because there is a secret proposal that has just been released that a lot of people didn't realize was in there to begin with. So, this is from Shamad Papalitia. On page 26 of the billionaire tax proposal in California, it explains how the state legislature can convert from a billionaire tax to an everyone tax without voter approval. They can also adjust the tax to be a yearly tax, not just one time, again, without your approval. Intelligence test for you. If this was meant to just target billionaires, why did they write this in? Is this the smoking gun that the capitalists

• 1:24:49Speaker 01

  been warning everybody about this entire time? That once they start with a little one, it's gonna get bigger and bigger and bigger for the amount of people to tax?

• 1:24:56Tom Bilyeu?

  So, I just cannot get people to understand that the bulk of the wealth is not held by billionaires. So, you could take 100% of billionaire money and it only buys you a couple of years of the deficit. I forget the exact number, but it's like $7 trillion or something is held by billionaires. It's a lot of money, for sure, but it's not nearly enough. You acquire $2 billion of additional debt every year. So, you don't, it just wouldn't help at all. So, now the question becomes, where is the money? And I will point you to the Nordic countries. So, the Nordic countries, which want to give everything for free, guess what they do? They tax everybody. Rich, poor, middle-class, wealthy, doesn't matter, everybody's gonna get it. Everybody's paying in the neighborhood

• 1:25:41Tom Bilyeu?

  of 50% and more in taxes. And this is why their innovation rate is just tiny compared to the US. So, you're not going to be able to solve the problem by taxing people more. You have to get your spending under control. So, Shamad is right. What's going to end up happening is they're going to do this supposed one-time 5% wealth tax, which will be economically destructive, as it is, will cause a ton of people to leave. Many of them have already left. And then they'll realize, huh, that either didn't bring us in the money That we needed, or it actually brought in even less money than we are collecting before. Whoopsies. So now, instead of being a one-time tax on billionaires alone,

• 1:26:25Tom Bilyeu?

  we're now going to go downstream. And then they're going to tax more people there. But if they keep taxing on wealth, and for reasons that I have explained, and I'm happy to do it if there are follow-up questions. But for reasons I've explained a million times before, when you try to sell fictional wealth, which is known as unrealized gains, it is pure fiction, then when you try to make that real, it's destructive in and of itself to do that. And so now you're creating all these economic problems that will only lower, not just, even if nobody left, it would lower the amount of tax revenue that you're able to collect. So then you go down another rung until you're finally taxing everybody. This stuff doesn't work. They will keep broadening. And which, by the way, the fact that they would be able to make it recurring

• 1:27:08Tom Bilyeu?

  and go down the ladder in terms of net worth without needing the people to vote is a catastrophe. So this is one, if this passes, even though it doesn't apply to me today, I will move. So it's, it just is what it is, man. So.

• 1:27:25Speaker 01

  Somebody in the chat is like, when you go to Florida or Texas.

• 1:27:28Tom Bilyeu?

  Yeah.

• 1:27:28Speaker 01

  We got some blue cities down.

• 1:27:29Tom Bilyeu?

  So here, here is my mandate. If, if it even ends up on the ballot, I start looking. It's not an immediate exit plan. I would want to see if California can flip red. But if it's on a ballot, I start getting serious about finding out if Drew likes Florida and how we deal with Lynn being in Arizona. True statement. And if it actually passes, then it's, it's peace out to California.

• 1:27:59Speaker 01

  Sheesh, sheesh.

• 1:28:02Tom Bilyeu?

  Crazy.

• 1:28:04Speaker 01

  There was another, what was it, Norway? When the Laffer curve was undefeated again. So it's, it's one of those things where I guess they're just going to have to figure it out the hard way. So this is an example from Norway. They, their wealth in tax increase was expected to raise 146 million. Instead, it led to a 448 million net loss as 54 billion in wealth left the country, reducing the tax revenues by 594 million. So they increased the tax, thinking like, okay, we can raise this amount. They actually lost that amount because a bunch of people left and ended up taking their tax base with them. Okay, so I'm going to now go Ontario warehouse burner arsonist.

• 1:28:44Tom Bilyeu?

  Really fast, just before you blow passes, because I want to make sure that we plant flags as we go, because America is headed down this path.

• 1:28:51Speaker 01

  Yeah.

• 1:28:52Tom Bilyeu?

  So again, Norway just tried it. They've run the experiment for you. They thought it would generate 146 million. It led to almost $500 million in net loss. People will leave. You've got the Mom Donnie thing popping off now where he stood outside of Ken Griffin's second apartment in New York City, because he does already live in Florida, and said that Ken Griffin and people like him need to pay more money. And so Ken said, well, maybe I just won't be doing the $6 billion investment that was going to bring 21,000 jobs, I think, to New York. Maybe I just won't do that in New York. And I get that people think things like that are impossible. It is not. I assure you. So I forget the

• 1:29:36Tom Bilyeu?

  amount of money that's already left California, not may leave California, that has already left California. Remember, there is a staggeringly small number of billionaires. So it does not take many of them to move for it to have meaningful impact. So yeah, I'm, I am really hopeful that people will just look at the numbers. Just look at the math. The math will give you all the guidance that you need. Trying to confiscate more wealth does not yield more returns, especially not when people think it's unjust, because people will cite things like, well, after World War II, Tom, the progressive tax rate went up to 90%. Yes, that was a time where people actually believed in the cause. But guess what? They actually

• 1:30:17Tom Bilyeu?

  were getting less tax revenue at 90% per taxpayer than they get now. Okay? Again, that's per taxpayer. This is not just like, oh, well, obviously, because the population was smaller, per taxpayer. At 90%, they were getting less revenue than they get now. So this is one, just run the math, run the math. We don't have to call names, just run the math. Look at it. It doesn't work. So if you want to. Get more money in taxes. The key is simplify the tax code so you can actually get more money so that it's harder to dodge. And then number two is get the economy growing. Right now, the economy is on life support. Get the economy growing.

• 1:31:02Tom Bilyeu?

  Balance the budget. Don't waste, you're spending 1.2 trillion dollars a year on interest. Imagine what you could do to the infrastructure of business to make that really sing, to get your economy really humming. Instead of spending it on interest on the debt.

• 1:31:22Speaker 01

  That brings us to Rand Paul's point.

• 1:31:24Tom Bilyeu?

  Yes, it does.

• 1:31:25Speaker 01

  Which he's done this before, but it's nice to highlight people who have solutions. I've introduced the six penny plan because the answer to our debt crisis isn't complicated. Cut six cents off every dollar. Balance the budget in five years. Protect your children's future. The only thing standing in the way is Washington's refusal to live within its means.

• 1:31:43Tom Bilyeu?

  This is so true. Let's read that sexy flirtatious sentence one more time. The only thing standing in the way is Washington's refusal to live within its means. That's it. Balance the budget. Balance the budget. If you balance the budget, everything starts getting better. That is stopping the bleeding. I'm not saying overnight that populism goes away or anything like that, but you get yourself on the right track. You no longer have terminal cancer. You may still be in rough shape, but you don't have terminal cancer.

• 1:32:12Speaker 01

  I think that's the hard part that we're in now where people. We are a microwave society now and we want a microwave solution. And it seems that every solution that we're offering, like let's take Rand Paul's. It'll take five years just to balance the budget. And then now we need to start cutting back on the budget. We need to start reinvesting. So it's another 10, 15 year plan.

• 1:32:34Tom Bilyeu?

  I think technically this one's five, so it's.

• 1:32:36Speaker 01

  But I mean, if we're balanced, it's to your point, we're now at, we're now starting at zero.

• 1:32:40Tom Bilyeu?

  Yeah.

• 1:32:40Speaker 01

  You know, now we need to start putting in the incentive structures and doing things for business.

• 1:32:44Tom Bilyeu?

  Yeah, that'll be like 30 years. I mean, it will really, really take you a long time. But everything starts getting better the day that you stop adding to the deficit. If you did that, it, we would be in a much better position.

• 1:33:01Tom Bilyeu?

  So it would make a tremendous difference and I I wouldn't want people to feel hopeless like in the face of the thirty nine trillion dollars, which be call it forty two, forty four, somewhere in there, even if we start reducing the deficit over the next five years before we finally get it to stop. But man, if we were able to do that, like if everybody got behind the idea of yes, we're committed to this, we are going to balance the budget. Psychologically, it would do something massive to investment into the US because they would realize we're not on a suicide run anymore.

• 1:33:33Speaker 01

  Yeah.

• 1:33:34Tom Bilyeu?

  Uh, if we cleaned up the fraud and we started to balance the budget, I think you would see global investment double. I mean, maybe more.

• 1:33:44Speaker 01

  Got you.

• 1:33:45Tom Bilyeu?

  That's obviously me pulling that number out of my ass, but that's like the the sense of optimism and like, oh shit, they really got their stuff together. I think would be massive.

• 1:33:53Speaker 01

  With our short attention spans and our lack of patience for five years to actually balance the budget, do you think there is a policy, short term solution, something that we could do in the interim to get the ball rolling into?

• 1:34:05Tom Bilyeu?

  Grow. There's nothing else. Right now, your your uh, Trump is running the game of chicken. And he's saying via AI um, and crypto in a different way, but I can grow this economy and will grow faster than we're accumulating debt. I don't see any reason right now today to believe that that's true. So as of right now, the things that he's trying have not worked. He's got to accept that. And so I'm not sure what else he's looking at to say, oh, no, no, we're going to pull it. I mean, I do. He's basically now trying to confiscate oil. That's the the next step in his master plan. But um, yeah, it nice idea. Shame about the execution. It just isn't working.

• 1:34:50Speaker 01

  Um, and I have to eat crow because my Donnie, I was rooting for you. I was so excited to find out about the new policy, but he announced that the um, city owned grocery store is going to cost a reported thirty million dollars to open. And somebody did a, I forgot, like a commercial real estate business leasing, uh, listing. And there was bodegas, grocery stores. Now, mind you, this wasn't Whole Foods with two stores or nothing like that. But there were other groceries, Whole Foods stores, uh, other grocery stores and convenience stores that were already existing open, just looking for new buyers. Two million dollar runway rates, things like that. Nine hundred thousand, one point two million, two million, things like that.

• 1:35:30Speaker 01

  And I was like, okay, if an entrepreneur would approach that, he would have been like, okay, I'm going to buy one of these one point twos. Upgrade it a little bit, throw this on there. I'll spend five in marketing, whatever. Now at least I spent seven, eight, 10. It's a third of the cost. Whereas when you take it with the government, I see out of this 30, it's going to be six million in consultants. Another eight million in construction costs and nothing's actually going to get into the actual grocery store until they have like a million dollars left and then they're going to ask to more for, to raise more money. So that's why I'm like, mom, daddy, I was rooting, I was rooting for you and you literally just did like the playbook in real time. So.

• 1:36:06Tom Bilyeu?

  Well, also, here's the thing. So I don't know what mechanism they're going to use to, um, keep the cost down. But as soon as you artificially keep the cost down, then you can't afford the items or they go down in quality. It's like, think about your entire world being the 99 cent store. It's like 99 cent store is not exactly known for, uh, high nutritional value or you know what I mean? So it's like, you're going to have to do something to drive those costs down. Now, innovation would be the fantasy and listen, I will fucking cheer for this guy until my hands bleed. If he actually puts together like an innovation program and they like are doing new shit, like they come in and Jeff Bezos it.

• 1:36:50Tom Bilyeu?

  And they just figure out how to drive those costs down through innovation on supply chains and stuff like that. That would be incredible. Then I'd be like, hey, that guy, like, trust me. I want the outcome. And if we get there by a guy who labels himself a socialist, cool. As long as we actually get there. Um, but I have a very bad feeling that we are not going to do this through innovation, which is the only thing that has proven that it works. Uh, we are going to try to force the prices to be low and that doesn't work.

• 1:37:23Speaker 01

  Whew, man. Um, and then the last hit on this, I've been like breezing around there was just some kind of quick hits. Seems like there's another, another round of fraud in California. This one is surrounding Fire Aid. That was at concert slash tour that they did briefly. It raised up a purported 800 million. Um, but apparently nothing, not a single dollar was given to the people. It hasn't gotten through. Um, Section 8 was supposed to be benefited from it. This was to go to, um, to help rebuild the houses. And I think as of stands right now, there's only like two or three houses that got rebuilt.

• 1:37:58Tom Bilyeu?

  Oh.

• 1:37:59Speaker 01

  Like, it's like really bad.

• 1:38:00Tom Bilyeu?

  Damn.

• 1:38:01Speaker 01

  But honestly, with this one, I have beef with nonprofits in general because I seen the Red Cross's break down years ago that for every dollar, like two cents ends up getting to the cost. Because they have to like filter out all the other stuff and stuff. So it was like, seeing this, I wasn't as surprised. The same thing happened with Haiti after we raised eight billion for that massive earthquake.

• 1:38:21Tom Bilyeu?

  Was it actually eight billion?

• 1:38:22Speaker 01

  It was eight billion dollars total, all in with every organ, uh, every, um, country's contribution and everything like that. We built this, uh, soccer stadium for condos and that was it. It was literally like a row of like townhouses that like, uh, USAID was staying at the first week as they were like sending members and stuff like that. And they built like a soccer stadium, I guess to like inspire like kids or something like that. But infrastructure is still terrible. No schools, no nothing like that. And everybody kind of ran off with the money. So I, like, I thought it was like, okay, that's this specific situation, but it's now starting to seem like any type of NGO, any type of nonprofit, the more we're starting to get transparency in these things, like money just disappears.

• 1:39:02Tom Bilyeu?

  That's so brutal, man. That is so brutal. I didn't know that story about Haiti.

• 1:39:07Speaker 01

  Yeah.

• 1:39:07Tom Bilyeu?

  Uh, that's heartbreaking. Yeah, I totally agree. The fact that all of this money is going to be siphoned out through all of the administrative things and the NGOs is, is a crime. And we all want to do something. And so we donate the money and then in the end, it's just like, it doesn't end up doing something and yet people keep doing it. Cause like everybody knows that this is what ends up happening. But. It's really frustrating, man. It's really, really frustrating that we are unable to have the shared will to say this is the right thing. And so we're going to create these

• 1:39:47Tom Bilyeu?

  ultra efficient ways of, I mean, how would you even funnel the donated money? Because the reality is, it's really, what the government should be focused on is deregulation, which is what they said they were going to do, by the way. We're going to cut all the red tape. Obviously did not do that. They need to deregulate. They need to get the private companies in there. And then let the market do what the market is going to do. Now, are there light touch regulations that they could put to make sure that people aren't getting abused? Maybe. I have to really think about that because you end up thinking you're doing something good. And then the companies use the regulatory capture to make sure they're the only ones that are trusted. And then they use that to be able to jack the prices up. So, yeah, it's, it's very disheartening

• 1:40:32Tom Bilyeu?

  that the government just doesn't get out of the way.

• 1:40:34Speaker 01

  Yeah, I think there's something to that because it was Dave Ramsey who said you shouldn't have dental and eye insurance. And I was like, no, like you need that. Like, that's important. Like, I had a kid. I was like, no, I definitely have to. And then I ran that experiment two years ago where I was like, you know what? I'm not gonna have any, like, I'll pay everything out of pocket. And it cost me 150 bucks to clean her teeth. You know, I did it to, I think we do it twice a year. It was one time in the summer and then like the end of the year checkup. But it was like, still like, all right, I paid 200 bucks all in. And if I would have had it with the insurance, it would have been like $20 a month. So, yeah, I saved 40 bucks. But it's one of those things where it's like, if you take a step back, if she doesn't have crowns, if she doesn't have like braces and all these other things, do you really need insurance? So I can

• 1:41:16Speaker 01

  only imagine what it is on the health insurance side. That one, I'm just a bit more crazy about because I'm like, okay, what's the, if she gets hit by a car and she's bleeding and I need to just rush her to the emergency room, insurance. But after seeing some of these videos, it's like, maybe you don't need insurance and you could just. Do a payment plan and you'll save a bunch of money. I don't know, but.

• 1:41:34Tom Bilyeu?

  Yes. So there are many solutions. The one that we're doing currently is dumb. And so just getting everybody on board with that starting position would go a long way. Yeah. And again, if we balance the budget and we say the thing that we want to pay for is healthcare for all. Just make sure you look at the trade offs and the likelihood of the certain parasitical things that will happen there. Clean that up. Find a system that actually works for people. Uh, great. I have no problem with that. It's just, I really, really want people to understand the physics of innovation and how costs come down over time. They come down over time because somebody, somewhere is incentivized to pour their life energy into creating something better.

• 1:42:18Tom Bilyeu?

  And doing that in a government, it just doesn't happen. The incentive structure isn't there. So you don't end up attracting the best and the brightest. Now, if you want to do something like they do in China where it's like the best and the brightest are desperately trying to be a part of the government so they don't get killed or disappeared. It's like, yeah, you can do that. That's a real thing. Uh, but is that really what we want to do? So that would be my advice. Find a way to unchain the innovation.

• 1:42:45Speaker 01

  All I got.

• 1:42:45Tom Bilyeu?

  All right. Speaking of unchaining the innovation, the next Zero to Founder Masterclass is Thursday, May 7th at 1pm Pacific time. I'm going to be teaching you guys my like now patented formula on how to use AI to launch a company. I am trying to get more people to launch companies, partly because so many people have been losing their jobs lately. And because it will show you just how much you can control your destiny. AI has made it possible like never before to build a company cheaply and do many things by yourself. And we're seeing a lot of our entrepreneurs that have gone through the program, falling in love with the idea of being a solopreneur. I don't know if you guys saw it, but it looks like we actually have had the first solo company achieve a valuation on paper,

• 1:43:28Tom Bilyeu?

  but a valuation of a billion dollars. He hasn't done a billion in revenue yet. Uh, and he did hire his first employee now, so keep that in mind, but it was his brother. Uh, so some pretty fascinating stories coming out of real world success and that guy was doing. Oh, man, I want to say he's already done like a hundred million dollars in revenue off of one employee and that's absolutely incredible. So, all right, with that, the next one is coming up Thursday, May 7th. I'm so glad to be back. Love you guys and I will see you on Wednesday. Peace. Let's talk about a pattern that is guaranteed to be killing your progress. You know what you need to do. You need consistent nutrition. We all do. You need vitamins, probiotics, greens. We all know that we should be doing more of it. When your morning gets chaotic, you skip it. When you travel, you skip it.

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