DOGE Stimulus Checks are Coming

hey it's me Kevin I just landed uh back

from my check ride becoming an

instrument pilot and I saw this notice

that potentially there are talks that

maybe the Doge team and Donald Trump

could maybe be in talks to issue some

kind of Doge refund uh to American

taxpayers uh and uh this is really

interesting because I've been studying a

lot of what Doge has been doing and what

Doge hasn't been doing and you know I'm

a big fan of cutting waste where there's

waste to be cut and a huge fan of

transparency and so this suggestion

though is a GameChanger this this

changes everything because all of a

sudden now what you're doing is you're

actually

aligning Doge with really what I think

Americans were inspired by and that is

what we save we will help give back to

you now this has of course been

confuddled in the media with this idea

that well I mean discretionary budget of

the United States is only you know uh

20% or 25% of the US government spending

50% goes to entitlement programs which I

mean we paid into them so of course

we're entitled to them uh and and then

you know a bunch goes to well I mean

about 25% goes to the military and then

we've got discretionary funds and some

of those things we got to pay for a good

portion of our budget it goes to just

paying for this unsustainable national

debt that we

have but I think I think a big fear was

that a it wouldn't be feasible to

actually see real Cuts uh like

meaningful you know I mean look you kill

usid usaid great awesome there's there

you know kill all forign

a it it amounts to

$196 refund if you will per uh person

living in America right per citizen in

America or or green card resident or

taxpayer however you want to look at it

so uh the difference is nominal however

uh this suggestion about uh going deeper

and saying hey you know what we've

actually taxed you too much and we're

now going

to try to find a way to get back to

essentially a smaller form of government

uh in and exchange give it back to the

American taxpayers in the form of a tax

refund this is actually quite brilliant

because see government spending is

almost intentionally wasteful one of the

reasons it's almost intentionally

wasteful and I'm not you know Shilling

for government spending but anyways but

one of the reasons government spending

is intentionally

wasteful is because it's so wasteful

that it actually becomes stimulative so

if you're getting showered your NGO or

whatever government contract is getting

showered in this government money and

the government actually isn't getting

their value for it yeah technically

that's a dead weight loss because you're

actually taking taking $100 from you

with taxes you're giving it to the

government who then you know deficit

spends $150 but maybe only $90 actually

go into GDP spending that's still $90 of

stimulus so they basically took a $90

stimulus check from you and give it to

somebody else so there is a dead weight

loss in government spending inherently

and I'm not a proponent of zero

government but uh the capitalistic POV

whether you're a Keynesian or Austrian

the the bottom line is the Keynesian or

Austrian view so no matter which

economic model you look at when we look

at capitalism we generally see that

smaller government equals less dead

weight loss now the canian argue that uh

the government intervention and that

dead weight loss for some is worth it

for the benefit of others right such as

this idea that well maybe the government

can uh minimize the the uh like put a

lid on an economic boom so you don't

have sort of a 2008 bubble or 2005

bubble up right uh and and then we try

to stimulate in the low times and we try

to minim ups and downs austrians are

like n man let the free market economy

handle it and it's fine they're both

economic schools of thought based on on

this idea of capitalism not Socialism or

Marxism or

whatever but if you think as uh or if

you think of government spending whether

it's to excuse me whether it's to uh

foreign aid or whether it's to some NGO

or whether it's to some government

contract that's really frivolous like

it's for $150 you know soap dispensers

in uh military B

that wasteful form of government

spending is so bad that it actually

turns into stimulus whether that is in

the form of corporate profits and then

share BuyBacks and corporate Executives

getting rich and and blowing money uh or

or the people who are receiving the

contracts the people who are receiving

the pay or the people who work for the

government who there are some obviously

who just can't justify their existence

or they don't do anything hopefully

that's part of the smaller minority but

who knows I guess we'll find out when we

actually get more transparent details

but see really

I believe this is a massive Game Changer

because when you say look rather than me

tax you the $100 why I just give you the

hundred bucks back and then not tax you

that $100 next year well then in effect

you are not stimulating to the tune of

that $90 because you don't have that

dead weight loss that Delta we talked

about instead you're stimulating to the

tune of $100 so really you could

actually potentially grow the economy

see one concern that a lot of folks have

uh rightfully so is that hey if if

Government spending contributes over 47%

of gross domestic product now obviously

we know consumers make up 70 is% of the

Govern of of GDP but if that is funneled

in you know to the tune of 47% by

government spending again through

entitlement programs or whatever uh or

or just like even uh you know sub

substenance spending you know food

stamps or whatever it is point is if

government spending contributes to half

of GDP

then let's just pick a number let's I

mean maybe it's 47% but let's just make

it easy let's say it's 50% but let's say

that comes with a dead weight loss of 5%

because the government is inefficient

maybe it's even more than that dead

weight loss maybe it's a 10% dead weight

loss right instead you return that to

Americans well then you potentially

actually have this boost of 5 or 10% of

spending so instead of government you

know facilitating 50% of GDP they could

actually in fact be facilitating 60% of

GDP so you could actually see a GDP

explosion and an optimism boom in that

people are going to get tax less and

they keep more of their own money this

is something I could really get behind

this I like the idea of you know Rich

suits in Silicon Valley collecting more

of uh you know government cuts to line

their own interests like yeah build

those AI chip factories for us and yeah

give more stimulus to our you know

government contracted and government

supported entities that me a little the

wrong way because it I feel like you're

robbing the you know the the core

American the person making you know ends

meet by working their ass off and prices

are going up and they're frustrated and

they're pissed off and they're seeing

crime go unpunished uh so uh this idea

essentially of a tax refund or tax

stimulus you know you're going to have

some people argue oh my gosh it's going

to be inflationary which yeah I mean if

it's not measured in the way it's

provided could be inflationary but

remember I'm actually a believer that

the reason we had a lot of the inflation

that we had is because we had uh Supply

chains that weren't really built out

they weren't prepared for the type of

volume of orders that actually came

during covid especially when people were

making money for doing nothing and so

what's interesting is now we actually

have an over supply of factories and

businesses that are ready and willing to

serve Americans with more money so if

the it's kind of like imagine you gained

500 pound and you were still alive and

then you lost it all really rapidly you

know you'd have some extra sag there

right imagine that extra sag is extra

production for the US economy well you

could fill that up without expanding

without frankly inflating like the flab

just fills up again but you don't have

to expand what's already there now that

may not be the most ungru example but

from an economist point of view from an

economic point of view can we say that

the government creates dead weight loss

yes can we say that the government would

just be better off taxing us less

absolutely now does that mean there

shouldn't be regulations like should

lenders be able to give people who can't

uh uh you know ever expect to afford

their payments back should that be a

possibility uh to the tune where they

have no assets to secure I'm not talking

about like real estate back debt I'm

talking about even just like personal

negam loans that are just based on your

social and they have you know you get a

50 $50,000 $100,000 loan yet you make

$20,000 a year is should things like

that be allowed an analogy by the way

there is student loans should students

making $20,000 a year working at you

know Jamba or as a server be eligible

for $50 to $100,000 loans you I think

not I think that's a scam uh you know if

you have an asset and you're leveraging

an asset that's different uh but then

you should also have some form of

transparent disclosure like you

shouldn't have a loan that starts you

off at a 0% interest rate or a negative

percent interest rate and then adjusts

suddenly in the future and then you get

foreclosed on when you can't repay right

when the bank wants it that's a scam

right that's actually something that

like the Consumer Financial Protection

Bureau was created to prevent from

happening so I do have some concerns

that you could actually create a bubble

up of of you know Mal investment and Mal

lending but honestly the free market

does handle that I mean 2008 was an

example of the free market solving that

and correcting that problem the issue is

it just comes with a lot of a lot of

pain this is why austrians say n man let

the free market handle it and this is

why keynesians are like n man free

Market's getting eff it up and so this

is why this debate exists and to some

extent You could argue that you know the

Obama Democrats which I think are very

different from you know some other

Democrats I think the Obama Democrats

are level-headed and reasonable in this

sense I actually don't think they're

sort of the the extreme Dem uh they're

more of like no no no the government

should be there to help and we cut

around the edges when we make cuts uh

and then you have uh you know so the

counter to that which right now appears

to be the more musky in approach which

is no man just give the people their

damn money back and stop wasting the

damn money you know they're ups and

downs to everything here but the bottom

line of this this is truly the direction

that we're going to go this is a

fantastic win for the American people

and frankly it makes me very very

bullish on the future of the economy

this this is a GDP contributor in an era

where it won't necessarily be inflation

depends how they do it you know if it's

like here's a I mean look in in 2021 I I

I had to write a check for like $11

million in taxes uh that's insane that

was the check for taxes alone I got

taxed like 60% you know thanks to well

California in part but the federal

government was responsible for 41% of

the tax and the California government

was responsible for like 12.6% of the

tax so you know the federal government

took most of my money I just chose to

live in California because my wife and

my seven children and and and yeah you

gave them a little bit more but

um would it be stimulative could more

people be hired and more businesses

created if there were lower taxes ABS

freaking lutely and if this comes back

in the form of a refund or just frankly

larger tax cuts in the future big fan

Count Me In I think this is wonderful no

no sorry I didn't get dressed up for

this or whatever honestly I'm a little

overwhelmed uh in in just like how hard

it was to study uh and get ready for my

instrument check ride to become an

instrument rated pilot uh this is a

serious profession it takes a lot of

work and a lot of effort but I am

excited to be back and uh leave a

comment down below what kind of video

would you like do you want to see some

beginner Finance videos do you want to

see some real estate videos do you want

to uh you know uh probably more like

next month uh you know I'm going to be

flying again next month do you want me

to go fly around to some of our house

hack properties and and do some videos

on those we could do that as well or

even just review matterport scans uh

from the studio we can do that leave me

a comment down below let me see what you

want to hear what you want to see and uh

me see how I can help you out thank you

so much for watching and supporting

we'll see youall soon bye