Interview · moment 5 of 21
RFK Jr.'s Plan for Government-Backed Mortgages and Antitrust Enforcement
from Bobby & Cheryl | The Tim Dillon Show #360 · #360
11 min
Guest
RFK Jr. proposes a new class of government-cosigned 3% mortgages for first-time buyers and teachers, funded by tax-free bonds, and argues for antitrust enforcement against monopolistic conglomerates like BlackRock, drawing parallels to the Gilded Age and Standard Oil.
- RFK Jr. argues the U.S. has corporate crony capitalism and monopoly capitalism instead of free market capitalism, with BlackRock as a prime example of vertical integration.
- Vertical integration in Hollywood between streamers and studios mirrors the problem—they fix prices and labor costs, killing competition and innovation.
- Younger generations reject capitalism because they see BlackRock and call it capitalism, but that's actually plutocracy and corporate kleptocracy, not free markets.
- Tax code changes could penalize corporations owning too many homes while lifting regulatory burden on small business and increasing it on large corporations.
- Big corporations get subsidized corn and cradle-to-grave subsidies because they have lobbyists writing rules that favor monopolies and punish small business.
- During the Gilded Age in the 1880s-1890s, monopolies like railroad and steel trusts owned state legislatures outright—even Pennsylvania's couldn't be bought because Rockefeller owned them all.
- Citizens United in 2008 undid a 100-year-old law banning corporate donations to politics, throwing the country back into a second Gilded Age.
- Teddy Roosevelt dismantled Standard Oil—the mother of all monopolies—after muckraking journalists exposed corporate corruption and populist movements elected him.
- Senators must raise millions from $10,000-per-donor call centers next to the Senate, making them invisible to anyone who can't write huge checks.
- Average American income is around $34,000-$35,000 per year, but basic human needs cost $39,000—meaning the average American runs a $5,000 deficit annually.
- Americans put their yearly $5,000 deficit on credit cards charging 22 percent interest, a rate the mafia would go to jail for, with Visa and Mastercard sending predatory cards with $250 activation fees.
- BlackRock owns Visa and Mastercard—they operate like a vacuum cleaner sucking money out of poor people trapped in cycles of debt.
- Tim references an ExpressVPN ad read, shifting out of the policy discussion.
Black RockCitizens UnitedTeddy RooseveltStandard OilJoe BidenJohn D Rockefellercorporate monopolyDonald TrumpVisavertical integrationIda TarbellMastercardUpton SinclairBernie Sanders