Do you have anybody in your family that overextended themselves by trying to help everybody in their family that eventually led to a divorce and a bankruptcy?

Can you think about that person? I want you to think about this year. Let's just say you're making $63,000 per year, which is roughly $5,200 per month.

What percentage of that income would you be comfortable giving to aging parents to help them out on a monthly basis?

Maybe you said 10%, what's 10%? Roughly $500 a month. Fine. Now you may say why are we using $63,000 years? Why? Because if you add 8 additional zeros to it, you would come out with America's income, which is roughly $6.3 trillion. However, do you know what percentage of that income America uses for entitlement programs?

Ready? 52%. That means if you made $63,000 per year, you would give $33,000 away for entitlement programs. That's what we're doing in America right now. By the way, of the $3.3 trillion of entitlement programs, 1.3 trillion of it is only towards welfare.

That's 59 million Americans that on a monthly basis receive a welfare check, 19% of America. So the question becomes, is this sustainable? How long can America go until we go bankrupt? We're going to talk about that today.

Okay, so if you give value out of this video, give it a thumbs up and subscribe to the channel. Let's get right into it. So why are we talking about welfare? Because Biden just proposed that he wants to take that $1.3 trillion of which $756 goes to Medicaid, 208 goes to other income security, $147 goes to food and nutrition like food stamps, $124 goes to housing, section 8, $70 billion goes to unemployment, President Biden wants to raise that to $2.6 trillion.

And it stays like that till 20, 30, 3, costing you and I roughly $12.7 trillion over the next 10 years. Okay, so now let's break that down the $2.6 trillion to see where that one is going to be spending. Let's look all the way at the top.

Child Tax Credit Expansion for three years, $470 billion. By the way, we're going to go a little bit deeper into this program to see what that program is really all about.

Government Child Care, $424, Government Paid Family Leave, $325, Government Preschool, $200 billion.

4 States to Expand Medicaid, $200 billion, Expand Indian Health Service, $185, Medicaid Home and Community Base Care, $150, Expand AITC $137 billion, Expand Obamacare subsidies, $130 billion.

Then we have Double Pell Grant, 96 Billion, Free Community College, 90 Billion, Expand Housing, Subsidies, 60 Billion, Public Health, 43 Billion, Behavior Health, Equity Base Tuition, Subsidies, Expand School Meal, Subsidies, Extend Trade, Adjustment Assistance and Medicaid Nutrition Coverage, total $2.6 trillion.

It's interesting when I'm looking at these numbers because Jank Euger and I got into a debate specifically over this topic. You'll see what it is. But let me first explain to what this Child Tax Credit is.

You know what's a crazy thing about all this money we're printing? Every time we print trillions, we ask $2.6 trillion, guess what that money goes to?

It goes to the low and middle income, but low and middle income families don't know how to keep their money, they spend their money, and that money eventually flows to who?

To the wealthy, and what increases value? These non-duplicatable assets, one of the classes being alternative assets such as art.

This is why today's sponsor is Masterwork.

So what is Masterwork? Look, you know how many times we watch and say, oh wow, look at Jamie Diamond's got a $900 million art collection, but I can't afford it by art like that.

But maybe you can't afford it by a piece of the art. Maybe you share of it, kind of like you buy stock and Apple, but you can buy the whole $3 trillion dollar company.

That's what Masterwork starts. They buy a million dollar painting, for example, and you're able to own a piece of it.

While a single return is not a guarantee of future returns, they're 15th exit of painting, a cesselly brown piece, just sold a few days ago for a return of 77.3% annualized net return.

Again, that's not a guarantee, but this is one thing you need to know. The last 27 years, Blue Chip whole contemporary art has outpaced the SMP 500 by an impressive 136%.

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