Why is measuring debt, like, purely against GDP the wrong way to judge the US? Um, yeah.

Well, I think, you know, if we have a problem, you, you wanna diagnose the problem, uh, correctly, otherwise you obviously can't fix it.

So we have roughly $31 trillion in debt, and we have a GDP of roughly $31 trillion, which we get the 100% number from.

But the United States, unlike other countries, has a wealth that is vastly superior to its GDP.

So our wealth is probably seven times our GDP, you know, uh, close to $230 trillion.

That's because our stock market is worth $80 trillion or, um, or two and ... more than two and a half times our GDP, while other countries, particularly Europe, China, their stock market value and their GDPs are roughly one to one.

So we're in a different situation than other c- than other countries.

Like, what is the big myth around consumer pl- surplus? What are most people kind of who are vilifying billionaires don't understand about consumer surplus?

So because you really came up with this concept, how would it work?

Well, first of all, Steve, you're you're being way too conservative.

It's way more than two or three hundred billion dollars.

I would think it's well over a trillion.

Wow.

Wow.

Just made a trillion dollars.

Why not let every single American, instead of having to put their payroll tax money into this black box of social security, why not let them own things? I mean, think of how much wealth would have been created for average Americans if that money, if their social security dollars were in owning companies like Google and SpaceX.

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Yes, exactly

...

We could probably raise, I don't know, 200 to $300 billion in tax revenues because people would take advantage of that lower rate and the government would get, additional money to reduce our deficit uh well i love that idea jeff but also well well first let's take on that one so because you really came up with this concept how would it work

well first of all steve you're uh you're being too way too conservative it's way more than two or three hundred billion dollars i would think it's well over a trillion months wow himself wow he's just made a trillion dollars If he handed in 15% of his stock, he loans $150 billion.

That's right.

Just one person.

Right.

So the way it would work, we would say to anyone, even if it's in your personal account or if you're Elon Musk or anybody, instead of waiting to pay 23.8% capital gains tax, where you have these stocks that you don't really wanna own, but you don't wanna pay the taxes.

There'll be a one-time tax holiday of 15% for the next year or so.

Why not let every single American, instead of having to put their payroll tax money into this black box of social security, why not let them own things? I mean, think of how much wealth would have been created for average Americans if that money, if their social security dollars were in owning companies like Google and SpaceX.

And by the way, I bet a lot of those kids are probably minorities.

They're all minorities, you know, or essentially all minorities.

The supposed champion of minorities came out, called us dastardly and said that waving money in front of kids' faces for his evil capitalist plan is, you know, despicable.

That's how they responded.

Wow.

So, so far, you know, we're trying to get the kids.

We have a Web site.

$43,000? Jesus.

way, I bet a lot of those kids are probably minorities.

They're all minorities, you know, or essentially all minorities.

The supposed champion of minorities came out, called us dastardly and said that waving money in front of kids' faces for his evil capitalist plan is, you know, despicable.

That's how they responded.

Wow.

So so far, you know, we're trying to get the kids.

We have a Web site.

I mean, seriously.