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So buckle up and welcome to ditch the suits.

Welcome in to Ditch the Suits part two of our last conversation.

Steve Campbell, you're one of your co hosts here.

I serve as the chief brand officer at cDNA Planning Group.

Travis Moss, the guy who's got all the insights, he serves as a co host and our CEO at Seed.

For those of you don't know, Seed is a fee only financial planning firm.

We work with individuals just like you every day, and this show is us bringing our collective consciousness, years of experience in this industry, helping people really get the most from their money in life.

We want to bring these ideas to you and why I said part two.

If you're just brand new to ditch the suits, go back and take 29 minutes and listen to the last episode, because this series is all about, you know, potential proposed income tax legislation, what this could be, and how it impacts you.

So we had to lay the groundwork in the previous episode, talking about the nightmarish scenario of taxing unrealized capital gains.

And now we actually want to talk about, what if this was implemented in the financial doomsday, that it could actually.

I don't care where you say it or how you look at the world financial doomsday.

So, Travis, when we say that that sounds scary, it sounds like you could be trying to get under people's skin, like, help people actually understand if this was implemented, what this means for people.

Yeah, I think a lot of people are like, well, why would they do that?

Why would people actually do that?

You know, it sounds so stupid, you know, to create something that's gonna be so destructive, and we're gonna talk about how it's destructive.

But, you know, I think politics are kind of a bunch of smart people doing really dumb things to get attention.

There you go.

That's the best way that I can kind of, like, get my mind around why they do what they do.

And to say that while they would obviously not pass a law that they haven't thought out, they do that all the time.

They did it with 401K regulations over the last year or two.

They wrote out all these new 401K rules, but there's no functional way to administer them.

So companies are years behind in implementing it because there's no mechanism to do what they want to have done.

So there is some kind of cart before the horse here that's happening that people would say, be more dismissive of this.

It's like, ask for a loaf of bread if you just want crumbs.

But the reality is that these things do happen sometimes, and you end up in a situation where you go, this is completely untenable.

And how did we get here?

And what we're trying to do is just, these are things that are coming up in conversation that we're hearing or that we're seeing in the news and stuff.

And I think it's important to understand them when they come out and they say, look, we're not going to increase taxes on anybody over 400,000 or, you know, this won't impact 99% of Americans.

I think what we've done two episodes ago and last episode is start to paint the framework that, no, it will impact you.

It's just, you won't.

It won't.

You won't see the way that it impacts you, the way that it impacts somebody else.

If I'm paying the tax, that's not going to hurt you because I'm paying the tax.

But what will hurt you is now I don't have the money to do other things.

And like we talked about, corporations, if corporations pay more tax, you're getting less dividends, you're getting less market appreciation, employees are getting less compensation.

So it's like one of those things that, okay, it doesn't, the act doesn't necessarily impact you, but the result of the act impacts you equally, if not more.

In a lot of cases, or in most cases, I think you could probably make an argument.

So in our last episode, we discussed what unrealized capital gains are and really just kind of the nightmare scenario of trying to manage the appraisal process to come up with what things are actually worth.

And maybe I didn't lay it out perfect.

So really what they're saying is, if you have more than $100 million, we want to tax you on unrealized capital gains.

So money that you don't have in your hand yet, but you could have, if you did, liquidate all your holdings.

And there's a lot of problems with that.

We're going to talk today about those problems, the actual problems that that creates and why that is your problem.

I don't care if you have $50,000, you know, up to $99 million, it's going to be your problem.

If that is something that actually starts to happen, dramatic negative effect, basically, on personal financial well being.

I think for just about everybody, I think it's just a very destructive and it wouldn't take very long to have that show up.

So that's where I want to start with this.

I don't know if you wanted to.

Throw anything, folks, if this is your first ditch the suits episode, maybe you came here because a friend suggested it, or you saw it was trending as one of the top finance podcasts, and you're like, guys, I want to learn about financial planning.

Why are we talking about taxes?

I think that's part of the issue is we're not understanding that you can't have a financial plan without understanding tax implications and estate planning.

It's all part of it.

So in digital suits, we try to bring to you not a politically focused, you know, you should feel one way or another, but just present to you facts and maybe ideas that can come if certain things are implemented.

And so for you, you really do need to understand the mechanics of how this works.

As Travis said, whether you feel like this is on your day to day, personally going to impact you, there will be ramifications and a ripple effect if some of these tax implications are implemented.

Because you are here, you work for businesses.

It affects your investments.

So stick with us.

I think it's going to inspire you.

And if it does, again, I always tell you, please leave a comment below.

Send us a note.

Let us know what you learned in this episode.

But when we say financial doomsday, Travis, that sounds really heavy.

Like, talk to us then, like what has been.

So if someone hasn't tuned into the news whatsoever, I don't know where you've been, what you've been doing.

You've been off the grid, what has been proposed, that's kind of a good starting point for us.

I talked to a lot of people who just try to tone this thing, this stuff out, and they say, we rely on you guys to tell us if we need to be concerned.

So this is us telling you that these are things you need to be concerned about.

People with more than $100 million in wealth would have to pay at least a 25% of a combination of their income and their unrealized capital gains.

So this is specific for, you know, wealthy people, and it's a minimum amount of tax that they're trying to create off of those people.

Four things that they haven't actually, like we said, that the money has not been realized yet.

And the problem with this, aside from all the appraisal issues and things like that, is how do you tax something which has not been received on an anticipation that it could be received in the future someday?

How do you pay for a tax on something that does not generate income to pay the tax?

So Steve, let's pretend that you owned 4000 acres family farm out in North Dakota or something.

I don't know, someplace where you get 4000 acres or Pennsylvania.

Let's say you own 4000 acres in Pennsylvania because Pennsylvania has the Marcellus shale, natural gas and hydraulic fracking and all that kind of stuff.

You could own a property, a piece of property that could be worth more than $100 million.

But it doesn't produce anything yet.

It's not producing.

They came in, they put the wells.

You're getting a little bit of money, but you're getting, you're not getting a ton of money yet, right.

So maybe you're getting ten, $15,000 a month, but the overall value of the reserves of your wells and all that kind of stuff and the land, if you were to sell it, the underlying value would actually be $100 million.

What they're saying is we can come in now and tax the $100 million value of that land and there may be carve outs.

Maybe they come up because they're completely vague about this.

Maybe they come up with carve outs like farmland isn't included.

Let's assume that there's no carve outs because they haven't talked about them yet.

Use this as an example.

You want to consider yourself rich because you get five or ten or $15,000 a month in royalty payments.

However, you now qualify in this category, but you don't have enough money to pay.

Let's say you have that for that farmland your family has paid, you know, maybe $2 million going back through time.

You have a $98 million gain.

Let's just create a number and say you're going to owe $25 million in income taxes.

Where, where's the $25 million going to come from?

You're only getting $15,000 a year out of it or a month out of it, $180,000 a year.

The money doesn't exist yet and we're going to come tax you on that.

So that's a problem if appreciation of an asset carries a tax due to the very nature of appreciating and not triggering the event to cause liquidity.

So what I mean by this is I bought this property.

The property is appreciated in value.

However, whether I sell the property or not, there's going to be this monster tax due.

When I hit this certain threshold.

What will likely happen is values will stop going up because people will want to stay away from the threshold.

So they will just start saying, I'm not paying you for that anymore.

So it's actually going to put values down.

So let's pretend you own that piece of land or that piece of property.

Now what you can sell for is actually going down.

If you go over this magic threshold, you end up paying taxes.

However, you can't even get to the threshold because, because there's downward pressure because nobody wants to be near that threshold.

It has to come into the cost of the asset.

Right.

And what you're going to be able to sell it for, what would happen to a startup?

So this is another example if anybody's ever, if you have kids that maybe they've done a good job and they found a startup company that they've joined and the startup company is doing really great and it's got some patents on some technology or it's got some patents on like a pharmaceutical or something like that, and they're gonna, this is gonna be the next big thing.

Those patents are worth money.

So Google come in and say, hey, look, we don't give a damn about your business, but that thing you're doing over there, we'll pay you $200 million for that today.

Well, there's your perceived value, right?

According to this, you now have to pay taxes on that $200 million.

So if Google wants to put you out of business, they could just make you an offer knowing that you're not going to accept it.

Or maybe you accept it, but they can make an offer, just, they could make an offer for 101 million.

You, you, if you don't accept it, that's now on the record.

You now will pay taxes on that money.

However, it's just a startup.

All you have is the idea and five employees in your garage.

The idea is worth a hundred million dollars.

But you don't have any products that you've sold, you haven't done anything yet to it to get any money from that idea.

However, now it's deemed worth $100 million, you're broke, you're out of business, you're gone now.

Okay, so now I owe, let's say I said, okay, google, I'm not going to sell it to you.

And we have this valuation, you know, or this offer, which is going to mean that that's, that could be assumed what it's worth by the IR's.

So you're going to, here's a $25 million tax bill.

And you look at that and you go, well, I can't afford that $25 million tax bill.

So I guess I'm going to sell it.

Well, now you have to sell it to cover your tax bill so you don't go to jail.

So now Google can come in and say, we'll give you 25,000 or 25 million for it.

We'll just get you out of your tax bill.

I mean, this doesn't even make any logical sense when you think through it.

The world is not all people interested in everybody else doing well.

Let's make sure everybody gets a fair shake at this.

The world is a competitive marketplace, and you're talking about dynamics here.

Number one, how do you.

How do you pay for intellectual property, then?

Or let's say you had bitcoin.

Let's say that you made $100 million in bitcoin for the bitcoin people out there.

You can't sell $100 million of bitcoin in one day without wrecking the bitcoin market, right?

So how do you.

How do you sell it to free up the money without crushing the value of your underlying position right in those chunks?

This is why, when Elon Musk wants to sell Tesla, he can't just go out and sell $10 billion of Tesla at a time.

He has to have it approved, and there has to be a process to sell a certain amount at a time, because when you sell giant chunks of an asset, you crush the value of it if you're forced to sell.

This is a couple years ago, we had a market meltdown.

I forget when it was but a big part of the market meltdown.

Washington, there were funds that were going bust that had different leverages on things, or it might have been cryptos, or.

Anyway, there's funds out there that will invest a certain way, either with leverage or in risky assets.

And when they go bust, it's not that the underlying asset went to zero that's the problem.

It's that they borrowed money to buy the underlying asset.

That went to zero, and they borrowed the money against stuff in the stock market.

So now they have to go sell stuff in the stock market to pay the loans off for the stuff that went bust, and that creates this cascading effect where everything starts to tumble, because they can't say, well, bank, we're going to wait till next year to pay you, when maybe the market goes up 20% so we can actually get what we think our assets are worth.

No, they have to go out and sell.

The Silicon Valley bank, they had bonds.

If they could have waited ten years for the bonds to mature, they could have.

Theoretically, they could have paid their bills off.

But they couldn't.

The bills were due today.

The future value was x.

The current value is wide.

Nobody will pay you for that.

So they couldn't raise the money even though they had the assets that over ten years probably would have been able to cover it.

They couldn't raise it today because of the sale price.

So you have to do distressed sale.

That drives the market down even further.

They take even bigger losses.

They're even further behind.

So let's take a quick break to hear a word from your sponsor.

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Well, and Travis, if I can, I think for those that are listening, maybe they don't own land or they're not a part of a startup, so they're trying to understand what you're saying.

Just imagine if you live in a suburban house and your house on Zillow, from what you paid for to what it is now.

You and your spouse are getting excited.

It's gone up a couple hundred thousand dollars.

You get to the end of the year and they want to come collect a tax on the amount that it could sell for.

Even though you haven't sold it, you'd be mortified.

Now, in 2025, you didn't realize that the county wanted to put up a local penitentiary across the street, which made your house value completely go down the next year.

So what we're trying to say is, what if you as an individual had to pay a tax on something that you haven't actually sold when you don't have the money to pay for it?

You would say that's not Fair.

So I think it's hard when you're talking about $100 million for people that are investing in their 401k, they're living not normal lives, but they're people.

It's hard for them to understand.

But I think when you're really breaking down the impact of what this means, it does start to raise a lot of red flags.

So keep talking us then.

What if you're not one of those wealthy people.

But what if you own Tesla stock?

So you own some TesLA stock, and Elon Musk is forced to sell some odd billion dollars worth of TEsla stock so he can pay his unrealized capital gain.

Bill, you know what?

Your TESLA stock's going to be worth just about nothing, because it's going to crash and there's not going to be anybody to buy it up.

If he has to sell billions of dollars with a stock, who's going to buy those billions of dollars?

Because all the other billionaires, they're all paying the same taxes, right?

They're all paying these massive taxes.

So everybody's selling at the same time.

That's when markets crashed.

The difference, there is a lot of times when the markets crash, Warren Buffett shows up with a pile full of cash and buys everything, right?

And he kind of tries to save the market.

What happens if that pile of cash is gone?

Because he had to use the pile of cash to pay taxes.

Where's the money to come back into the market to soak up those stocks and keep the prices up?

Now you could SAy, well, it'll be GReat.

This price will go down so far that I can buy it.

It will never recover, though.

That's the problem.

The reason why it recovers is because if you take the stock that Elon owns, for instance, in Tesla or Bill Gates has in Microsoft or whatever, you take these concentrated positions, those are effectively off the market.

They're not available.

If I own 50% of a company, that means you can't buy 50%.

That means everybody else is just fighting for the other 50%, and there's enough money out there to fight that and maybe force the price up.

But if all of a sudden I increase that exponentially, who's fighting for it?

You know what I mean?

There's more to buy.

Why would it ever get back up there?

Because it becomes too available.

Supply and demand economics.

The stock market's going to act the same way.

So it's a really, really big issue.

If you work for, let's say you work for an Amazon warehouse or a cv's warehouse or a Best Buy warehouse or where the heck you work, and the owner of the company gets slammed for a multi billion dollar tax, for a multi million or multi billion dollar guy, big tax.

A big enough tax that they have to start dumping stock or selling the company.

One, they might have to sell the company.

What happens when companies get sold?

Normally, you lose your job, or a bunch of people lose their job.

Okay, maybe that doesn't happen.

Let's say that they have to.

Amazon has to close a warehouse because you gotta get costs down to make the profit look better to drive the stock price back up, right?

Yep.

You worked at the warehouse.

Your job's gone.

Sorry.

Because they're gonna have to react to these dynamics.

You can't just raise a tax and pretend those people pay the tax.

It's not Scrooge McDuck with a, with a, you know, full of coins that they're swimming in.

This money is already, it's not real.

It's already invested into something and tied up with something, and it's an expected value of what something would be worth in a perfect scenario.

But if everybody's selling at the same time and there's no buyers, there's no value either.

It's just going to plummet to create that cash to pay the taxes.

So it sounds cool when people are saying it, and it makes good enemies and stuff, but if by chance they ever get this through, I don't even know how you would recover from it after the first year of implementing it.

I don't even think it's recoverable.

First, I don't know how they would do it from the appraisal standpoint.

But second of all, could you even recover?

And the reason why that's important is whoever is talking about these economic policies, if this is what senators, presidential candidates, whatever are running on, you got to hold them accountable for something smarter than this, I think, is the problem.

And an asset has to be sold.

Prices are going to tumble.

That's just how it works.

There are going to be ramifications of prices tumbles.

Companies go out of business when prices tumble.

Why?

Because they can't raise money.

They can't get lending that type of stuff.

Their credit lines can get cut.

You just can't.

These two, these things are all too intertwined.

If you're saying, like, it's just the 1% that'll pay this.

No, it will actually.

Let's say at the end of the day, you get every person over a hundred million dollars back.

Under $100 million, they'll still have $100 million.

Everybody else will be struggling in proportion.

The only difference is, is they got $100 million.

Buffer, do you have 100 million?

You know what I mean?

Like, like, let's say that it costs somebody over a five or ten year period, 70% of their net wealth.

Could you live on 70% of what you have?

I don't think so.

But you're going to see that type of ramification across the entire market.

If that happens, what you're talking about doing, when you're talking about taxing unrealized capital gains is to redistribute wealth, is you're talking about taking money from the most productive people in society.

You could say, oh, you know, they're not that productive.

Listen, if you created Starbucks, you're the guy, you're the guy who created Starbucks, you're the guy who got it through a startup, you're the guy who got it to exist, your guy who got it through x amount of market crashes.

You are more productive than any single person who ever worked there.

You are the productive person.

You are the person who made it happen.

If you create a Tesla, if you created Microsoft, if you created Amazon, if you created, you know, pick a business, you are more productive than anybody else because you actually made that happen for everybody else because of your production.

Everybody else now is productive, right?

You get credit for all that production that you created.

You don't just, oh, well, now he's just a CEO sitting at the top and look at the bum, you know, he just flies around on his jet.

No, what did he do before he got there that made it so that he could actually even be there?

And what did that do as kind of a ripple down through it?

So you're talking about taking money from people who do stuff and create stuff.

Think about your favorite store, your favorite product.

You're talking about taking the money from them, and then you're talking about forcing them to sell things so that they can cover that bill, which is going to cause a crash across everything.

But there won't be them.

That person won't have the money left to come in and rebuild.

It is so destructive.

Most billionaires have and Mil, you know, when you talk about people, I think really, when you get up over 20 million, when you talk about people with a lot of money, right?

You're really talking about people who have the majority of their money in illiquid assets, you know, endowments.

So are we going to tax endowments on unrealized capital gains?

You're going to see half the endowments implode, you know, or do they get a free pass because they're charities?

How you're gonna reconcile that?

But let's say that they, let's say that you manage a portfolio like an endowment.

That means you have real estate, you have small businesses, you have all kinds of things in there, right?

Your money's not cash oriented.

There's not a quick way to sell a lot of that stuff and because of that, that brings stability.

Right?

If you could just, you know, if there was no limitations to buying and selling things, you would see a much more volatile market.

Right?

You know, if Elon Musk could, hey, next time he wants to buy something, just sell, you know, $20 billion of TEsla stock.

In a day like that, you're going to see chaos unfold in the markets.

Absolute chaos.

So the fact that he can't do that actually stabilizes the market.

So you could say, well, we'll take it from him and redistribute it.

But that very act itself is a destabilizing event.

Yes, you'll make him poorer, but you'll also end up poor because you've destabilized your market.

You've crushed the supply and demand side of the market.

It doesn't work the way that it kind of sounds when it rolls off your tongue.

So we get to benefit from people who own these assets because it stabilizes everything for us.

Imagine if you inherited an asset from somebody and then had to immediately pay taxes on it because the capital gains had never been realized and because you inheriting that asset threw you over a certain threshold.

Like, it just, you never even get it.

You have to sell the asset immediately to pay the tax.

Well, it was what you said in the first episode.

Right.

The real issue is that the us government spending is out of control and we're in a real deficit.

And so the idea of imposing higher taxes, I mean, sure, if you were going to take the money that was recouped and pay down the us debt and you had a meaningful plan, I think people might be interested.

But you don't even know if the money that you're going to take from the $100 million asset or these businesses with illiquid investments.

It sounds like there's more negative ramifications if you go to raise taxes on them than positive, because a lot of us as Americans don't even know what would happen with that money that you'd actually be recouping.

And that is a serious issue for a lot of people of the mismanagement of those funds.

So I think the big takeaway is you've kind of talked about in this part is the taxes would be very short lived.

Right.

It would create a glass ceiling, severely limiting the amount of people and assets who reach and stay within that tax level.

What happens when you do it?

It's going to create more of an issue.

So it's to raise these points that you just talked about.

Assets would have to be sold businesses have illiquid investments.

It's not just that they have a line item flush with cash, and when you give them an unrealized gains tax bill, they go, great.

We've already had the money set aside.

It has to come from somewhere.

And when it comes from somewhere, it will impact you.

As the listener, if you're an investor in stocks or mutual funds or you have pension accounts, this will impact you.

So even though it sounds great to say, yeah, they should pay their fair share, we got to get a pound of flesh from them.

I get it.

But unless you really understand that that pound of flesh is also coming from you, too, as well, at the end of this thing, you're going to be in for a rude awakening.

So I think, Travis, as we try to in ditch the suits, we always try to give people solutions.

What then, with all of this at stake, what is the solution that we want to lead people to?

Well, I think with all of this stuff, it does matter if you're engaged and you're paying attention, and it does matter if you can have an intelligent conversation about this stuff without getting all upset and all hyper political and that kind of stuff, simply talking about this is what this actually means and not just, yeah, let's go get that money.

Let's go get those people.

They've been taking advantage of everybody, you know, understanding how delicate the system is.

But you need to read the fine print and buyer beware.

You know, don't go for the headlines.

Don't go for the punch lines that sound really cool or something like that.

Read.

Read into it.

Find additional sources.

Look for things that are contradictory to wherever your favorite source is to make sure that you're not misinterpreting what you're reading.

Because when they come out and they say, hey, this is only for 1%.

If you're making under 400,000, nothing's going to impact you.

It's not how the world works.

You can't, you know, whether you call it karma or whatever you want to call it the butterfly effect, you can't do something onto somebody else and not have it come back and be reciprocated.

You cannot suck money out of the economy in massive amounts and not have it show up someplace like people will notice.

It's like if you got your front tooth knocked out, yeah, you got more teeth.

But guess what people are going to notice when they see you smiling?

That you're missing a tooth.

Right?

That's what you're talking about.

And you can't eat the same foods in the same way that you maybe could have otherwise if you had two front teeth.

Right.

It's going to affect you.

You were going to get affected even if you were not the one technically paying the tax.

Basically, an unrealized capital gains tax is the government saying, we want to take your stuff from you just because we can.

Because the definition of an unrealized tax is something that is not real.

It is not actual.

Literally, look up the definition of unrealized, not made real or actual, not resulting in accomplishment as a task or aim.

Unrealized ambitions not known or suspected.

If I tax you on something that is so, take unrealized capital gains.

People don't understand what that means.

Just say this.

I want to tax you on something that is not made real or not actual.

It's not resulting in accomplishment.

It's not based on success from your ambitions.

It's not known if it will ever come to fruition or even if we really should plan on it coming to fruition.

If I were to say I want to tax you based on that, you would go nuts on me.

Yep.

Steve, you know what?

You could be making a million dollars a year if you just applied yourself.

I'm going to tax you more because you're selling yourself short.

And because of that, and I know you're worth more than you think.

I'm going to tax you more.

That's what you're saying.

That that's legitimately what that is.

We're going to tax you on something that you have not received yet.

That is arbitrary.

That the powers that be have the control to decide on that.

You really have very little recourse to say, look, that's kind of out of alignment.

Where are you coming up with that?

They're basically saying, let's tax people on a theoretic value of something that may or may not ever happen.

And.

But let's do it now.

Let's get you to pay the bill now.

Not in the future.

Now.

Today.

I want the money today.

And then that's bad, and not bad enough.

Sorry.

But if that's not bad enough, then you got this ripple effect which we talked about, the destruction and the complete destabilization of the markets because somebody's got to come up with the money.

And that money is not just staying sending around a $100 bills in a warehouse.

Somebody's actually going to have to come up with that money, which means they're going to have to sell stuff, which means prices are going to plummet.

Not at the grocery store.

Those prices are going to go up because companies are going to have to make more money.

What's going to happen is prices are going to plummet in the stock market, in your asset values, they are going to plummet.

So not only could it create actually more inflation, it could also just absolutely destroy what you have individually as somebody not in that $100 million group, and you've got no room.

Like, if you're in a hundred million dollar GRoup, you got some room.

If you're not, you have no room.

Where are you going to go?

Well, I think.

I think when you look at an elon, he seems so distant for most people that it's hard to understand.

But think about our Reddit community.

Think about all the people we talk with that bought bitcoin.

You might be making 80 Grand Doing a job, but you bought BitCoin.

And the Unrealized Capital Gain, it's gone up.

Imagine if the government came to you today and said, hey, you've made some money in our, our eyes, we need you to pay $80,000 in taxes.

You turn around and say, that's not fair.

Where am I going to come up with that money?

Maybe you have to sell your car.

Maybe you have to rent out your house.

Maybe you'd go, I don't want to do all of that.

So I think when it's an elon or a big figure, it's easy for us to kind of shake our fist at them.

But when you really think about just what they're trying to propose on the Unrealized capital gains, and that's the whole point of this, we're not talking about, you went out and actually sold a good, and you made money, so you got to pay your fair share.

This is, the potential value has gone up.

Therefore, we're knocking on your door today saying, travis, we need you to pay us.

And you'd go, for what?

Well, what it could be worth.

You would go, that's asinine.

I don't understand, like, why you would do that.

That's what we're trying to do.

If I wanted to destroy bitcoin, I would implement this tax.

I would then pump so much money into bitcoin that you end up with a whole bunch hundred millionaires.

And then I would withdraw all that money at one time.

Everybody would have to pay their taxes, but they would not be able to sell their bitcoin at all for anything of value.

And that's the reality of coming to.

A Netflix series soon.

So I think, you know, Travis, this is an interesting topic, talking about income taxes, anything else here, you know, solution.

Wise, before, whenever you hear policies like this or ideas like this that are being thrown around, you know, I always say this.

With all of this stuff, consider you or one of your children or one of your loved ones are in the situation, do you think it's fair to them?

It's your money, it's your kid's money, it's your parents money.

Is it fair to them that this is happening?

So you don't have to believe me that there'd be these ripple effects across the economy saying, yeah, no way.

Those people have enough money.

They'll just pay it.

It won't be a problem.

Fine.

But if it was you, one of your kids or your parents, would you feel the same way?

And if the answer is no, you got us.

Sit down and think about this for a minute.

Right?

If the answer is no, you wouldn't mind?

And you still don't believe me about the economy.

I don't know if I can help you, right?

It's just there's a disassociation for how the financial system actually works at that point.

And although you might be in the camp, ultimately, if you're in the camp that those super wealthy people, they got to pay more taxes, you could be in that camp.

There's other ways to achieve it without being so destructive.

Right?

I mean, like, this is just, this is a way that, like I said, sometimes you do something that, you know, doesn't just hurt your enemy, it hurts everybody, you know?

And if you're sitting here pointing the finger, you're saying, they're the enemy, they don't pay enough, they need to pay more.

Make sure that you don't cut off your own arm at the same time.

And if you heard nothing for the last three episodes, let me know.

If you raise taxes on corporations or you implement some of these taxes we've talked about on the ultra, you know, wealthy, it will impact your 401k, it will impact your mutual funds, it'll impact your stocks, your pension, your livelihood.

So even if you missed everything else, if these things are actually introduced, it will impact you.

No matter where you live in this country, no matter what demographic you're from, it will impact you.

And that's the bottom line.

If you understand that and you're still willing to shake your fist and get your pitchfork, we've laid out what could happen.

So we just want to, again, with all of these ideas, not make it political, but just stay to the arguments and maybe some things to think about because the whole idea is to help you get more from your money in life.

So if this has helped you, if you got more questions, if you want resources, get in contact with Travis.

And I got a couple more episodes around this idea and some kind of grab bag ideas, so you're going to want to stay tuned.

But as always, we are real people just like you, doing this every day with individuals that have the same questions and concerns that you have.

If you need help, get in touch.

But as always, we appreciate you being our guest on ditch the suits.