101: How to protect your money when the people in charge understand NOTHING

Today we bring you a fresh episode of the Sovereign Man Podcast, where Simon Black unpacks why the people in charge have no idea what they’re talking about… and how you can protect yourself from their policies.

Freshman politicians want to nationalize entire industries. They want to increase the marginal tax rate to 70% or more. They want to ban corporations from buying back their own stocks unless those companies meet stringent requirements. They want to raise capital gains taxes.

In short, they want your money.

In this episode, Simon gives you a roundup of bad policies, why they don’t/won’t work… and the one big thing you should do if you don’t want the Socialist train to run you over.

A quick general summary of what’s discussed:

Intro – It’s here, and… they have “NO IDEA!!!!” (Jim Cramer was right.)

• 2:00 – Why stock buybacks are stupid… but why the government should drop the idea of regulating them
• 7:20 – What all this is REALLY about
• 9:15 — Equality vs. Freedom and why you can’t have 100% of both
• 16:50 — The rise of Socialism in the US and what’s behind it
• 22:00 — Taxes: Why raising them never solves income inequality (and what does)
• 28:00 — How NOT to become wealthy
• 31:00 — Bernie Sanders and Donald Trump said the same thing
• 32:30 — Solutions for you, including what to focus on now
• 34:00 — Simon’s warning — and his big Obama quote of the day
• 36:45 — One place that is getting it right
• 37:45 — Proof that they don’t REALLY want free education
• 39:00 — The best entitlement ‘demands’ you’ll hear all day
• 44:00 – The ONE thing you need to do if you want to protect your money in an age of Socialism

We hope you enjoy and learn from today’s podcast.