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My guess, tip of the iceberg, Elon's estimate was 20% of federal spending falls under this kind of fraud camp.
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Could be more. And then when you add in state and local spending and you start to do the accounting on all of this,
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we're probably talking about a sizable percentage of overall GDP that is effectively theft through government
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agencies or government checks being written. And I think that's going to be the great uncovering of 2026 is we're
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going to see on the order of trillions of dollars of >> trillions >> trillions of dollars of this sort of
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behavior happening across the economy. And I also think the other side nothing will happen and and I think nothing will
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happen because the cost is going to be so significant. It's almost like staring
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into the abyss. It's going to make people feel sick to try and address it. >> How do you differentiate between legal
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theft and illegal theft? Meaning I think what the Somali daycarees were doing was
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outright fraud and is illegal. But when Stacy Abrams creates a NGO in the final days of the Biden administration and
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that gets stuffed with $2 billion, I mean technically I guess that's legal, but it's clearly a different kind of
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theft and fraud. >> Would you throw up in your mouth when you heard the news? That's the that's
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the test. If you don't pass the common sense vomit in the mouth test, it doesn't matter whether it's legal or
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illegal. It's up and you'll realize that pretty quickly.