Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Napkin Math Runs in the Government!

17 Jun 2025 · 1 min

Watch on YouTube

0:40

Speaker (Richard Canfield) expresses conditional willingness to pay taxes when public services (roads, hospitals, policing, fire services, infrastructure) are well-run, but criticizes government spending practices—calling out a $486 billion amount, lack of budgeting/planning ("no budget, no plan, no spreadsheet"), and distrust in government "napkin math." The speaker also objects to proposed capital gains reforms that he views as punitive toward investors.

Chapters

I don't mind paying taxes when the roads are nice and the hospitals are taking great care of people, policing, fire services and infrastructure. Someone's got to pay for all that. That's just the truth. But what really just gets under my skin is when you've got governments that spend. Like they've got Elon Musk's bank account, but none of his business sense. $486 billion. No budget, no plan, no spreadsheet. Not even what you and I would call napkin math. Just trust us. We'll figure it out. We address some of like capital gains reform that irked me a lot because the government basically flirted with taxing investments like their criminal activity.