May 23, 2025 - Freedomain Radio - Stefan Molyneux
05:22
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| Time | Text |
|---|---|
| Yeah, salads have gotten really sad these days. | |
| Swimming in goop-clogging dressing. | |
| Lettuce. | |
| It's like sought by cheapest and bulkiest, right? | |
| Lettuce. | |
| Bunch of carrot bits, maybe a bit of tomato. | |
| A couple of croutons. | |
| And it's a soup. | |
| It's a soup. | |
| Now, the poor food quality... | |
| Like, everybody's broke. | |
| Japan's broke. | |
| Greece is broke. | |
| Europe's broke. | |
| America's broke. | |
| Canada's broke, individuals broke. | |
| Okay. | |
| Thank you. | |
| Everybody's broke. | |
| Because the massive tilt, the massive tilt of taking money from productive people and giving it to people who are unproductive has no end. | |
| Save. | |
| Collapse. | |
| I talked about this. | |
| Oh, gosh. | |
| Let me see if I can find it. | |
| When did I talk about it? | |
| But it was quite some time. | |
| Quite some time ago. | |
| And it's called The Welfare Cliff, right? | |
| So this is a woman with two kids has to earn like $100,000 to just break even. | |
| To just break even And she's not going to be able to do that. | |
| So in other words, she's taxed at more than 100%, up to 100% until she starts making $100,000, which gives her the same amount of money that she gets from The welfare state in all of its various forms. | |
| It doesn't even count government schools, right? | |
| So she's taxed massively crazy until every dollar she makes past $100,000 is taxed at whatever rate that would be, 30%, 40%, 50% or whatever it is, right? | |
| She can't get out. | |
| The welfare cliff. | |
| Welfare trap is caught. | |
| Welfare trap is caught. | |
| Can't do it. | |
| Can I fix it? | |
| but everybody's broke. | |
| Okay. | |
| Everybody's getting free phones. | |
| Everybody's getting hotel rooms. | |
| Everybody's broke. | |
| There's no money left. | |
| There's no money left. | |
| The Republicans failed to implement any of the Doge findings. | |
| Yeah. | |
| So, I mean, this is why, you know, why did you get out of politics five years ago, right? | |
| Well, because, I mean, Elon Musk, the world's wealthiest man, with the full support of Donald Trump, the president, and Donald Trump's cabinet, well, a lot of Donald Trump's cabinet, and a significant proportion. | |
| of the American population can't catch it. | |
| Really? | |
| *Sigh* | |
| So because everyone's broke, everything's just a shell of what it used to be. | |
| The price of everything is going through the roof. | |
| Wages are stagnating. | |
| The price of housing is deranged. | |
| Absolutely deranged. | |
| I saw some fine print on a credit card company contract the other day where if you miss two payments there, interest rates go into the mid 20%. | |
| Like 24, 20. I can't remember exactly what it was, but it's crazy. | |
| I mean, let's do this for our American listeners. | |
| average credit card interest rate. | |
| I don't know. | |
| That's mad. | |
| This is from Investopedia, May 20th, 2025. | |
| Two days ago, right? | |
| The median average credit card interest rate for May 2025 is what? | |
| What is the median average credit card interest rate for May 2025? | |
| What's it at? | |
| Hello, Harvey. | |
| Don't text and drive. | |
| I'm begging you. | |
| Please don't text and drive. | |
| freedomain.com slash donate to help out. | |
| The show. | |
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