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Tom Bilyeu's Impact Theory
Impact Theory
4.7 • 5.2K Ratings
🗓️ 1 March 2026
⏱️ 33 minutes
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| 0:00.0 | A lot of people are saying that the reason why the young people are swinging to socialism is they think that it's a othering of a economy. I don't care that you're taxing billionaires. I'm not a billionaire. It's not going to impact me. I don't care that you're increasing property taxes. I rent. That's not going to affect me at all. So there's this othering of the economy. And Kalashe just announced that the U.S. housing market has reached this most unaffordable level in history ever. |
| 0:21.6 | Yeah. So on the othering of the economy, people really have to watch how things are playing |
| 0:26.8 | out in New York right now. Watch how they've played out historically. It doesn't work because |
| 0:30.9 | the people are mobile or you just disincentivize them. And I don't think people are being |
| 0:34.9 | honest about what it takes to get the smartest and best among us to build things, to innovate, to create things that actually drive GDP forward. |
| 0:43.3 | If you want just like the most shocking history lesson, look at China. |
| 0:48.3 | Finally, after decades and decades of murdering his own people, starving them to death. Mao finally died. |
| 0:55.0 | And then Deng Xiaoping takes over. |
| 0:57.0 | And what was his solution? |
| 0:58.3 | Let people get rich. |
| 0:59.9 | And I quote, Deng Xiaoping, the successor to Mao, said to get rich is glorious. |
| 1:06.7 | So the way out of this stuff is to understand that humans have a drive to get better. They have a drive to get ahead. They have a drive to compete and to win. And for a lot of the brightest minds in the world, the competition is in the realm of business. And the way that you make the most money in business is to create something that people want. So you innovate, you build something that's better, cheaper, faster. And it works out well when you have light touch regulation to avoid things like monopolies and a regulatory capture is very important |
| 1:31.8 | to avoid. But when you do that well, like China did, you pull hundreds of millions of people |
| 1:36.9 | out of poverty. I mean, and rapidly. So it's absolutely extraordinary. However, once you stop |
| 1:43.8 | understanding that mechanism that you're allowing |
| 1:47.0 | those people to get rich precisely so they will pull everybody up with them, but you want those |
| 1:51.6 | workhorses, the people that are excited, they're smart, they're driven, they just want to win. |
| 1:57.2 | And you get to harness that as a society. But you have to let them run. You have to let them |
| 2:01.2 | get as far ahead as they're able to get. You have to do it. And as soon as you start disincentivizing them, you get less rich. Now you have to protect the middle class. Hopefully you guys know that is like the core of my focus is making sure the middle class can thrive. But you're never going to have a middle class if you don't have that top whatever 0.01% that it's just |
| 2:21.1 | like copse. making sure that the middle class can thrive. But you're never going to have a middle class if you don't |
| 2:17.9 | have that top whatever.01% that is just psychotic about giving up their entire life to build something |
| 2:24.6 | extraordinary. So let us all be thankful that they exist, but you have to let them run. And so when you're |
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