About this Episode

Elon Musk just became the world's first trillionaire and the left is furious. Jimmy Kimmel, AOC, Bernie, and Elizabeth Warren all reached for the same line: tax the rich.

In today's episode, I break down why "tax the rich" doesn't actually work, and why, as the Federalist's Brianna Lyman put it on Fox Business, the real problem isn't a revenue problem — it's a spending problem.

We look at the record-breaking SpaceX IPO that just made 4,400 employees millionaires, why 892 companies (and $47 billion) fled New York's socialist hellscape, what Venezuela's collapse should teach us, and what Madison, Friedman, and Thatcher understood that today's politicians refuse to.