US added 1,200 millionaires/day in 2025
Over 440,000 people became millionaires in 2025, accounting for nearly half the world's new millionaires, per a UBS Global Wealth report.
Snapshot · PBD Podcast
SCOTUS Birthright Citizenship Ruling, Trump's Crypto Payday, AI Fails at Ford | PBD Podcast #826
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Jul 1, 2026
Where this was said
Second Amendment Deep Dive: Government Overreach & Gun Confiscation
At 37:50 · chapter starts 31:00
The Second Amendment discussion deepens into constitutional philosophy. Brandon Ellsworth makes the most radical argument of the segment: Americans should theoretically have access to the same weapons as the military, because an unarmed population is vulnerable to government overreach. Tom Ellsworth reads the Second Amendment's full text, emphasizing the first clause about a 'well-regulated militia' as protection against a dictatorial government — exactly what the founding fathers feared. Jeff Snyder points out the irony that the same people who trust government completely will argue that Native American reservations need guns to defend against that same government. [1] — Brandon Ellsworth "The government won't overstep our boundaries because they know that we're well armed. I literally think that we should have the same level …" 32:10 Patrick asks what happens to the Second Amendment if the Supreme Court tilts 6-3 left — the panel unanimously agrees: 100% chance they come after guns. The segment winds down with Patrick imagining the logistics of gun confiscation in Texas, and the panel laughing at the impossibility of collecting 300–500 million civilian firearms. Jeff adds that civil disobedience in Virginia after the state passed gun bans shows the pattern: local prosecutors and sheriffs simply refused to enforce the law.
America: The World's Millionaire Factory
The U.S. minted 1,200 new millionaires a day in 2025, nearly half of all new millionaires globally, driven by a surging stock market. But median American wealth fell 20% over the same period — capitalism is working at the top while the bottom slides.
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