Zach Abraham Is Leaving WA State Ep-2646
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In this episode of The Todd Herman Show, host Todd Herman welcomes back Zach Abraham, Chief Investment Officer at Bulwark Capital Management, to discuss Abraham's decision to leave Washington State due to the passage of an unconstitutional income tax. Abraham explains that while he initially intended to stay and fight the tax legally, the state's violation of the social contract—particularly through actions like restricting private property rights and undermining constitutional principles—forced him to relocate his business outside the state. The conversation delves into the broader philosophical and moral implications of government overreach, with Abraham arguing that modern progressive policies reflect a religious-like worship of government, replacing personal responsibility and moral accountability. He contrasts this with the biblical principle of voluntary giving, emphasizing that true charity comes from the heart, not coercion. The episode also explores the impact of AI and automation on labor, with both hosts expressing skepticism about the hyperbolic timelines promoted by figures like Elon Musk, while acknowledging the real disruption robots will bring to jobs—especially in healthcare. They caution against viewing AI as truly intelligent, stressing it remains a sophisticated search algorithm dependent on human input. The episode closes with a powerful reflection on personal integrity, the fear of God as the ultimate authority, and the importance of living a life aligned with biblical truth rather than political allegiance.
When government violates the social contract and the constitution, business owners have a moral obligation to leave, even if they love their home state.
True charity is voluntary and rooted in love; government coercion undermines the dignity of both giver and receiver.
The belief that 'rich people don't pay taxes' is a myth—many high-net-worth individuals pay far more than average citizens, often at higher effective rates.
AI is not artificial intelligence as we understand it—current systems are advanced search engines, not self-aware entities.
Technological disruption like automation will reshape labor markets, but the solution isn't UBI—it's adapting with new skills and business models.
…and 3 more takeaways available in PodZeus
Opening Ad: Shopify & the Power of Simplicity
Charissa shares her positive experience with Shopify, highlighting its ease of use, integration, and time-saving benefits, allowing her to focus on growth and innovation.
Zach Abraham’s Decision to Leave Washington State
“They tore up the social contract, man. They violated the state constitution. And so as a business owner, I'm sitting here going, look, I really hope you repeal this tax so I can stay here, but I have to move my business outside of the state regardless. Yeah. I have to.”
The Social Contract and Private Property Rights
Abraham recounts how the state’s actions—like denying him the right to own property in Seattle—undermine the foundational agreement between citizens and government, making continued residence untenable.
The Myth of the 'Rich Not Paying Taxes'
“My effective tax rate was 41% last year. Find me a teacher in this country that's paying 30%.”
Government as a False Religion
“When you believe something in spite of all of the evidence, all of the empirical data pointing in the opposite direction, the only thing that you're left to think of is that this isn't an ideology. This is a religion.”
“When you believe something in spite of all of the evidence, all of the empirical data pointing in the opposite direction, the only thing that you're left to think of is that this isn't an ideology. This is a religion.”
“My standard is not blue. It's not red. It's not Republican, Democrat, conservative, liberal. Here's my standard. Is it biblical? Yep.”
“They tore up the social contract, man. They violated the state constitution. And so as a business owner, I'm sitting here going, look, I really hope you repeal this tax so I can stay here, but I have to move my business outside of the state regardless. Yeah. I have to.”
Host
Guest
Todd Herman
person
Zach Abraham
person
Washington State
place
Bulwark Capital Management
organization
Nancy Pelosi
person
Elon Musk
person
Bone Frog Coffee
brand
Alan’s Soaps
brand
Jensen Huang
person
Shopify
brand
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