wavePod

From Trump Assassination Attempt to Hasan's Social Murder: Decoding America’s Political and Economic Divisions | Tom Bilyeu Show Live - Tom Bilyeu's Impact Theory | Wave AI Podcast Notes

Back to Tom Bilyeu's Impact Theory

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

Tom Bilyeu's Impact Theory

Mon Apr 27 2026

Tom Bilyeu and Producer Drew dive into the recent Trump assassination attempt, break down the Southern Poverty Law Center indictment, and tackle heated debates over healthcare, billionaire taxes, and the power of narrative in politics.

Summary

Podcast Summary: Impact Theory with Tom Bilyeu

Episode Title: From Trump Assassination Attempt to Hasan's Social Murder: Decoding America’s Political and Economic Divisions
Date: April 27, 2026
Host: Tom Bilyeu
Producer/Co-host: Drew

Episode Overview

This episode returns after a brief hiatus, diving straight into the most pressing and controversial headlines in the U.S.: the attempted assassination of Trump at the White House Correspondents Dinner, the Southern Poverty Law Center’s (SPLC) funding scandal, debates over the economy and health care, and the role of narrative warfare in American culture. Tom Bilyeu unpacks complex events with his characteristic blend of skepticism, optimism, and entrepreneurial insight, focusing on the deeper patterns driving division and dysfunction in society.

Key Discussion Points & Insights

1. The Trump Assassination Attempt

[03:02 - 11:43]

Incident Recap:
- A third assassination attempt on President Trump occurred at the White House Correspondents Dinner.
- Suspect Cole Allen, armed and moving rapidly, bypassed security and was intercepted.
- Allen left a manifesto stating: "I don’t see anyone else picking up the slack." and "I am no longer willing to permit a pedophile, rapist and traitor to coat my hands with his crimes."
Security Concerns:
- Tom criticizes the “cheesy” checkpoint and warns against a future of hyper-surveillance:
  
  "If we find ourselves in that situation, that is a total breakdown of trust which we are racing towards." (Tom, 03:40)
Narrative Warfare:
- Tom highlights the polarized responses and narrative battles over Trump’s guilt or innocence:
  
  "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..." (Tom, 07:54)
- Emphasizes the human tendency to rely on team-aligned, simplified narratives.
Conspiracy Theories:
- Breakdown of the “false flag/ballroom” conspiracy: some allege the attack was staged to justify the construction of Trump’s desired White House ballroom.
  
  “Way too many things could go wrong when you have people start firing guns in a crowded space.” (Tom, 12:33)
- Social media lit up with “time traveler” and simulation jokes.
  
  “Everything is assigned if you’re insane enough.” (Drew, 19:56)
Key Quote:

“This is all just informational warfare. It is absolutely maddening... It is deranging us as a society...” (Tom, 07:52)

2. Meme Culture, Conspiracy, and Groupthink

[18:41 - 34:00]

Viral Theories:
- “Time traveler” Twitter account with odd coincidences.
- Recognition of the entertainment value in conspiracy but the dangers of broken institutional trust:
  
  “The fact that you can’t immediately rule out coordination tells you exactly how broken our trust in institutions has become.” (Tom, 15:49)
How Messaging Gets Coordinated:
- Drew and Tom explain modern “scripts” are products of informal back-channel groupthinking, WhatsApp/Telegram message echo chambers, and social media algorithms—not necessarily top-down control.
  
  “Somebody will put forward an idea that’s really crisp...now they’ll say, ‘I’m going to steal that, I’m going to post that.’” (Tom, 28:34)
- The “script” is a product of memes, algorithms, and social endorsement, not strictly central planning.
Historical Perspective on Information Control:
- Drew notes this pattern predates the internet—kings, radio, Sinclair Broadcasting, etc.
  
  “There is a need for a political class to have a ‘script’ ... for like a placeholder term. So I don’t think it’s crazy for people to assume it.” (Drew, 32:54)
- Tom: “There’s always going to be an elite group of people… when there’s high trust, it works.”

3. Institutions, Incentives, and the SPLC Scandal

[39:13 - 61:35]

SPLC Accusations:
- The SPLC indicted for allegedly funding hate groups they claim to oppose.
- Tom clarifies: Most payments were to informants inside groups like the KKK and Aryan Nations.
  
  “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.” (Tom, 39:49)
- The indictment may not stand; donors knew and supported the informant tactic.
Meta-level Problems:
- The “incentives” trap: organizations fighting hate rely on the persistence of hate to justify their existence and funding.
  
  “If hate were to go away... the SPLC would go out of business.” (Tom, 42:23)
Broader Principle:
- This pattern applies to many non-profits and political groups—not necessarily malice, but structural incentives.
- Key Quote:
  
  “Incentives drive outcomes… we need that common enemy.” (Tom, 43:37)
Freedom vs. Safety:
- Discussion on America’s shift from “Give me liberty or give me death” to “Protect me from everything, no matter the cost.”
- The loss of a culture that values individual liberty is mourned.
Gender and Civilization:
- Reference to Camille Paglia’s quote:
  
  “If civilization had been left in female hands, we would still be living in grass huts.” (Tom citing Paglia & discussion, 57:06)

4. Economics, "Social Murder," and Hasan Piker Debate

[62:41 - 80:12]

Hasan and "Social Murder":
- Hasan Piker defends the fatal attack on a United Healthcare CEO as “social murder,” referencing Engels and ascribing systemic violence to capitalist structures.
  
  “Engels wrote about the concept of social murder. And Brian Thompson, as the UnitedHealthcare CEO, was engaging in a tremendous amount of social murder...” (Hasan, 65:18)
- Tom: Dissects the flawed assumptions—misunderstandings of profit margins, risk, and economic incentive.
  
  “People have just a ridiculous sense of what it takes to run a company and how profitable these companies are... it’s patently absurd.” (Tom, 65:55)
- Problem isn’t “evil CEOs” but regulatory capture, bureaucracy, and misaligned incentives.
Healthcare as Right vs. Innovation:
- Tom rejects the binary of public vs. private, urging a balance between innovation-driven cost reduction and light-touch regulation.
  
  “The free market has proven to be far more beneficial at creating these things than the government by orders of magnitude.” (Tom, 74:32)
- Warns against simplistic "healthcare is a right" rhetoric without tradeoff awareness:
  
  “When you make it free, there are going to be big trade-offs...” (Tom, 74:38)
Practical Stumbling Blocks:
- Regulatory complexity, entry barriers for innovators, and government funding inefficiencies sustain the dysfunctional status quo.
- Drew and Tom agree: health insurance industry is "a stupid industry that does need reform" (Drew, 79:52), but differ on solutions.
- Drew suggests casualties of pure capitalism are too high for healthcare.

5. Wealth Tax, Economic Reality, and Rand Paul’s Solution

[84:41 - 94:18]

"Billionaire Tax" – Trojan Horse:
- Tom references a finding that California’s new tax could easily be extended to all, not just billionaires.
  
  “If this was meant to just target billionaires, why did they write this in?” (Drew, 85:31)
- Cites Nordic countries’ high taxes on all, the inevitability of “broadening the base,” and the negative Laffer-curve outcomes.
  
  “You could take 100% of billionaire money and it only buys you a couple of years of the deficit.” (Tom, 85:39)
- Example: Norway’s wealth tax caused a net loss when wealth fled the country.
Fiscal Responsibility – Rand Paul’s Six Penny Plan:

“Cut six cents off every dollar. Balance the budget in five years… the only thing standing in the way is Washington’s refusal to live within its means.” (Rand Paul via Tom, 92:17)
- Tom urges pragmatic optimism—balancing the budget is the prerequisite for fixing deeper issues.
  
  “If you balance the budget, everything starts getting better. That is stopping the bleeding. …you no longer have terminal cancer.” (Tom, 92:17)

6. Nonprofits, Corruption & Innovation

[97:58 - End]

Nonprofit Failures:
- New scandal in California: hundreds of millions raised for wildfire relief, almost none reaching victims.
- Drew: “I have beef with nonprofits… seen the Red Cross breakdown… for every dollar, like 2 cents ends up getting to the cause.” (Drew, 98:35)
Root Cause:
- Tom: Real problem is bureaucracy, not fraud alone. Calls for deregulation and genuine private-sector innovation in relief and public goods.
- Example from Haiti: $8 billion in aid after the earthquake, but little real benefit for citizens.
  
  “We are unable to have the shared will to say this is the right thing. So we’re going to create these ultra efficient ways.” (Tom, 99:36)
Incentivizing Innovation:
- Final theme: unlocking creative solutions requires the right incentives and getting government barriers out of the way.
  
  “Find a way to unchain the innovation.” (Tom, 103:18)

Notable Quotes & Memorable Moments

On Narrative Warfare:

“This is going to derange us as a society which will only accelerate.” (Tom, 07:52)
On Institutional Trust:

“The fact that you can’t immediately rule out coordination tells you exactly how broken our trust in institutions has become.” (Tom, 15:49)
On Gender and Civilization:

“If civilization had been left in female hands, we would still be living in grass huts.” — Camille Paglia, quoted by Tom (57:06)
On Wealth Tax Reality:

“You could take 100% of billionaire money and it only buys you a couple of years of the deficit.” (Tom, 85:39)
On Fiscal Reform:

“Balance the budget...you no longer have terminal cancer.” (Tom, 92:17)

Timestamps by Segment

Trump Assassination Attempt & Conspiracies: 03:02 – 18:40
Meme Power, Narrative Control, Groupthink: 18:41 – 34:00
SPLC Funding Scandal & Meta-Incentives: 39:13 – 61:35
Social Murder, Healthcare, and Capitalism: 62:41 – 80:12
Wealth Tax, Economic Policy, Budget Balance: 84:41 – 94:18
Nonprofit Corruption & Innovation: 97:58 – end

Summary Flow

Tom Bilyeu’s episode is a masterclass in critical thinking, challenging listeners to move past the memetic headlines and soundbites, spot the fundamental incentive structures shaping society, and recognize how both team loyalty and system dysfunction stymie real progress. He balances optimism (“I am going to be force-feeding this nation a bunch of optimism, Drew, we need it” [04:26]) with hard-nosed economic and historical analysis, urging listeners to seek their own synthesis of competing narratives and always be skeptical of easy answers.

For those who want to understand not just what happened but why—and how to mentally navigate through the noise—this episode is both an education and a call to action.

End of Summary.

Loading summary...

Transcript

A (0:00)

Mom, can you tell me a story? Sure. Once upon a time, a mom needed a new car.

B (0:04)

Was she brave?

A (0:05)

She was tired mostly. But she went to Carvana.com and found a great car at a great price. No secret treasure map required.

B (0:12)

Did you have to find a dragon?

A (0:13)

Nope. She bought it 100% online from her bed, actually.

B (0:16)

Was it scary?

A (0:18)

Honey, it was as unscary as car buying could be. Did the car have a sunroof? It did, actually. Okay, good story. Car buying you'll want to tell stories about. Buy your car today on Carvana. Delivery fees may apply. It's time to bring on the blooms at the Home Depot with spring garden deals. Find savings on hanging baskets and flowers to brighten your backyard or any space that needs instant color. Then get everything you need to plant and protect them with low prices guaranteed on soil and mulch. Dig into spring garden deals for four days at the Home Depot now through May 10th exclusion supply. Seehomedepot.com Pricematch for details. Good morning, everybody. Welcome to another episode of the Tom Dillye 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. 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. One 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, though he does 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. 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.

B (2:17)

Welcome back, man.

A (2:17)

Thank you.

B (2:18)

A (7:54)

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 many, 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 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. 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. 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 simplified versions of all this stuff, I'm gonna pick a smaller subset of issues that seem important enough to actually go and build my own worldview of what's happening. 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 gonna give you guys a good faith presentation of what I think is really going on. You'll hear me talk about that, both of 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. 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. 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 P.S. is kind.

A (11:53)

back from Europe, I've really got a take on this. So they, the Democrats do not want him to have this ballroom. 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 correspondence 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. 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. But as of right now, to me, that's a pretty weak argument and really bizarrely timed given what just happened. Now, by Sunday morning, we even had Senator Tim Sheehy 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. 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 version of the Matrix essentially. Otherwise you just have no coherence. It would everything would be constantly changing and it would be 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 that time travel is possible. I think it's just written into the code of the Matrix that you just 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. 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, we're hitting pause for a moment, but there's plenty more ahead, so don't go anywhere. Let's talk about the worst investment most guys make on repeat Cheap clothes. You buy them, they look fine, but six months later they're pilling, shrinking, or just falling apart. So you replace them. You do it again and again, you're spending more over time, and you never actually have anything worth keeping or wearing for that matter. That's the whole model behind Quint's. I've got one of their 100% Pima cotton tees and the quality is immediately obvious from the second you pick them up. They're soft, well constructed, the kind of thing that holds up over time. And that is the point. Refresh your everyday with luxury you'll actually use. Head to quince.comimpactpod for free shipping on your order and 365 day returns. Now available in Canada too. That's Quince Q-U-I-N C E.com impactpod for free shipping and 365 day returns. Quince.com impact pod let's talk about the most powerful force in wealth building. Compounding. There is a reason that people have talked about this forever. You put an asset to work, it generates more of itself over time. The curve bends way in your favor. Every serious wealth builder knows how compounding works. Most gold owners, though, have completely opted out of it. Monetary Metals changes that equation. They've built a way for your gold to earn yield paid not in dollars, but in more physical gold, up to 4% per year, more ounces stacking every single month, compounding in one of the only assets that can't be printed, inflated or debased. And storage and insurance are included by the way, so hidden fees don't eat your yield. The average person is passively absorbing inflation. This is how you compound your way out of it. Click the link in the show notes or visit monetary-metals.comimpact to learn more. This is a paid advertisement. Let's talk about money you're leaving on the table. Every time you pay full price for a health product out of pocket, you could be missing out on 30% savings. There are over 40 million HSA accounts in the US holding $159 billion in pre tax dollars. That's where Trumed comes in. Trumed helps qualified customers use pre tax HSA dollars on health products that can qualify as medical expenses under IRS guidelines. You complete a health survey, Trumed handles the documentation and the purchase and you can save an average of 30% on products like 8 Sleep Peloton, AG1 and others that studies show can treat or reverse many common chronic conditions. Stop paying full price for products your HSA was billed for. Go to trumed.com impact and check out what things you want that may qualify. It takes just a couple of minutes. Trumed is for qualified customers only. HSAFSA tax savings vary thanks for sticking around. Let's get right back into the action.

A (20:27)

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. 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. When you're walking around Europe and especially Italy, you really have a sense of, like, 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 esthetically, 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 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 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 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 are they doing? It was so wild. As a culture, they are reinforcing this added. 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 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 at the second guy and the Second guy just yells back and then we start celebrating it. 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 2,000 years ago. What about now? Right. So that's where America is just racing down that same path of like we used to do. Cool. And now we're really in. We're on the struggle bus because now

A (28:34)

So 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, 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. 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. You know, what do they call that focus group testing in your WhatsApp group. And then if you're somebody who actually gets visibility, it's 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, 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 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 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. 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. Some follow the noise. Bloomberg follows the money. Whether it's the funds fueling AI or crypto's trillion dollar swings, there's a money side to every story. Get the money side of the story. Subscribe now@bloomberg.com Predator Badlands now streaming on Hulu and Hulu on Disney

A (33:47)

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 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, 30 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 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 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 0.0035% of the electromagnetic spectrum. 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 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 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 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. 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. Like it's low utility. Even if it's true.

A (39:13)

It was a deep and abiding sadness because as a child of the 80s, 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. All right. So the Southern Poverty Law center is being accused of funding the very hate the groups that they're supposedly trying to stop. The SPLC is their 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 going to 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 think anyone is disputing that. 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 move the money through shell accounts with names like Fox Photography and Rare Books Warehouse to name but a few. Acting Attorney General Todd Blanche 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 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 on the Project Veris toss 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 gonna 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 wanna 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 to be able to do this? In which case you've got to take the good with the bad. All 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 paying 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 law fair to end if the Republicans lose or when the Republicans lose power. Now we all need to be cognizant of a growing problem. And 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're 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? 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, 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 onto teams because they, 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. 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 ratcheting 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 going to do that. If you need evidence of that, just look at YouTube, headlines, lines. 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 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 that groups like the SPLC have fundraising incentive to make America look like it's one inch away from a race. Race war, whatever team you're voting for, whatever goal you want to see, they all have a similar what side of

A (48:21)

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. They. 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. But if they can't find anybody who's like, whoa, 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. 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 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. I haven't seen the proof of that.

A (57:06)

Okay, so here it is. If civilization had been left in female hands, we would still be living in grass huts. Camille Poglia. 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. 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. Different. 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 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 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, 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. And yeah, that's what. If you think of men as a God, I'm really going to just give people all the ammo in the world. 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. Weird in the same way that our palate is designed to make us want to eat Ho hos 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. 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 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 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, of what the actual useful path forward is.

A (62:41)

I would say that labeling somebody is not the same as censorship, as long as there is no 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 put in the Constitution. And then I wish they would allow users to control the algorithm and say, I want like either let people make algorithms. So like, imagine if as a private citizen I could go get, 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. So it is what it is. But that would be my fantasy where people have the ability to choose the algorithmic amplification, because I get that they don't want to amplify that stuff. But nonetheless, Hasan 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 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 tick 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. Are his views extreme? In my opinion, yes. But do I want to see him debanked or anything like that? Absolutely not.

A (65:18)

Engels wrote about the concept of social murder. And Brian Thompson, as the UnitedHealthcare CEO was engaging in a tremendous amount of social murder. The systematized forms of violence, the structural violence of poverty. 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 race. 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 idea for reasons that I hope are obvious. I feel very aggressively about that. And so it's like, yeah, go build that company and now run it the way that I think is the right way way. There was a poll done where people asked how profitable do you think companies are? And people estimated that companies are over 30% profitable. Do you know how 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, companies have to pay out like up to I think, 80%. And so an insurance company cannot keep more than 20%, no matter what, like they have to pay out? So 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. 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 30 seconds when this gets to them, because I know know a lot of them are going to 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. No. So all of that stuff is absurd. So 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 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 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 got to put up with all this bullshit of the bureaucracy being able to stop somebody like me. 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 going to 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 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, and they're in there. They're not innovating only because they love and want to see good things. Though there is a lot of that, myself included. I wanted to help my mom and my sister. 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 was like, I'm going to help my mom and my sister. So I showed up every day thinking to my mom and my sister, my mom and my sister, 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 wealthy and that was also a motivation. I was like, hey, if I can pull this off, a lot of money, Holy, this could be incredible. So it's always going to 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, constructed us such that 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 gave it my all. Like, I really went after it. I would be very satisfied. I'm like, 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. And they will drive cost 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 going to outwork me. He's going to be younger than me, faster than me, sharper than me, more of the moment than me. I've got to 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, mind they never fully acknowledge, but is there. They're going to block other people out and we use the government to do it. And the great irony is the people that are being abused by that system, meaning health care 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 health care care 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. It's AI, it's robotics. If that really does, like hit where they can capture essentially 100% of the energy from the sun. And like now, energy is free. 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.

A (74:32)

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 health care. Do you see the lines for seeing your normal GP in Canada was absurd. So they begin throttling it because the, when something is free, obviously usage rates go up, up, up, up, up. So 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 health care, we can have it, but we've got to give something up to get it. So if Americans said hey, hey, we're going to balance the budget and our biggest expense is going to be health care, 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 and we're much happier with those trade offs than we are on the free market side 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, has the government backing it, that administrative costs balloon 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, 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, get to work. And that's just crazy. That's somebody who's not saying, oh yeah, this people, they're not slaves. And so they can work where they want on what they want. They are not obligated. And so if, if Brian Thompson or anybody else wants to run a bad insurance company, they have the right to do that 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 thing. So 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. We are. So, so it's such a nanny state approach to be like, the government's going to pay for everything and we're going to 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 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 basis in 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 health care, and if that means that we have to force people to work in those organizations, we will. And that's lunacy.

A (80:51)

Yeah. So look, this is all. No. So the way that innovation works goes like this. I am a kid, I'm 21 years old and I want to help humanity and I want to get rich and I'm smart. And so I look out at the world and I go, I'm going to build better health care 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, 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, 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 that build nuclear reactors in their garage at 14. So they will innovate. Innovate if they believe there's a future in this and they can do something with that. And so innovation drives cost 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 health care 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 his garage does not try to build a medical device. Because everybody he talks to is like, don't, you'll. It'll take you 20 years to get something approved. I've been on the advisory board of a medical device company for 10 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 2% ownership in the company. Cause 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 part. 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 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 developed 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 and the same. So we are asking people to technologically innovate in healthcare and what we know is cool. You need to start making this, that's very expensive, that a very limited number of People can do. And then all of a sudden, the cost just 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 hands, which makes it more expensive and slower. Innovation. And yet I see people banging their chest 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 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. Super easy to get cure. It doesn't work like that. And so the way that it does work is we innovate in technology. And when the government gets involved, innovation stops.

A (85:31)

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 going to get it. Everybody's paying in the neighborhood 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 Chamath 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 were collecting before. Whoopsies. So now instead of being a one time tax on billionaires alone, 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, 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, way, the fact that they would be able to make it recurring and go down the ladder in terms of net worth without needing the people to vote is, 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.

A (103:19)

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 have had the first solo company achieve a valuation on paper, but a valuation of a billion dollars. He hasn't done a billion in revenue yet. And he did hire his first employee now, so keep that in mind. But it was his brother. 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. I mean, 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. When your routine breaks, everything tends to break. And that inconsistency compounds against you every single day. AG1 is designed to solve the execution problem. One scoop 8 ounces of water and you're done. You're getting 75 plus ingredients, vitamins and minerals, pre and probiotics, nutrient dense superfoods. Everything that used to require six, seven different supplements and perfect planning now happens in one drink that takes about 30 seconds to make. Right now, AG1 is giving you $87 worth of free gifts. With your first subscription, you get a welcome kit, travel package packs, vitamin D3 plus K2 and flavor samples. Click the link in the show notes or visit drinkag1.comimpact to claim this offer.