K-Shaped Economy, Housing Crisis, Farmer Bankruptcies | Numbers Scream Ep. 12

Retired and just went in to pay my property taxes yeaterday. They went up another 10 percent this year. Many in Government don't want home prices to go down because it would reduce tax revenue

Government fraud, waste, and abuse is at the heart of all of these issues. The system is broken and designed to crush the middle class while the top 10% flourish. Government spending is taxation. There is a crisis in School Bond Debt, 5.5T, that can never be paid through property taxes which are unconstitutional. And, the rising National Debt, 38T and counting, which can never be paid. The average American is getting RAPED!

Farm subsidy should be for small farmers not only for big farmers

They got the right guy speaking

We didn't stumble into a housing crisis. We engineered one. The tax code systematically rewards you for treating homes as commodities and penalizes you for treating them as shelter. Investors pay less to operate a property than the family living in it. They buy, borrow, and die — accumulating appreciating assets, pulling out equity tax-free through cash-out refinances, and extinguishing every capital gain at death through stepped-up basis — while renters fund the entire machine and exit with nothing. This isn't inequality baked into the system — the inequality is the system. Charlie Munger’s famous quote, "Show me the incentive and I’ll show you the outcome". Munger was right. You built the incentive. You got the outcome. Own it.

One of the best weekly segments

I would love to see Valuetainment push for financial literacy classes for all seniors in high school. My child took the Dave Ramsey class for high school students and it has made all the difference in his money management. Plus highschool students should fill out a 1040 tax statement, loan application, furniture rental, apt lease, etc and forget the current senior curriculum. Calculate the cost of buying a new car vs used car vs riding the bus.

We don’t need legislation for anything, we need the government to stop borrowing, stop printing, stop sending ANY money out of the country until everything is fixed here, the people should be on a tax holiday until we have a full public audit of the entire federal government. Government is the problem.

Tom please have an average every day American dad on the show to have him share the actual cost of living. I’m 46 living ct and would love to share.

I have been renting from a family friend for seven years now…an 80-year-old farmhouse for $800 a month. The house is dated. It has its flaws… Major flaws but it’s what I can afford to raise my family in and for my wife to stay at home with our two young children. Our only shot at home ownership is a possible inheritance of my 86-year-old grandmother who lives by herself in a 2200sqft home