Disrupt & Innovate

DI 30: From Doubt to Disruption: Scott Smith's Path to Redefining Finance

Listen Later

In this episode Lisa Levy takes us on a captivating journey with Scott Smith, the Director of the Foundation for a Better Economy. Scott's remarkable story as an entrepreneur, author, and partner in the C squared fund will leave you inspired and motivated to challenge the status quo. From his humble beginnings as a commercial lender during the SNL crisis to becoming a disruptor in the financial market, Scott's determination and innovative thinking propelled him to reshape the landscape of homeownership, benefiting millions of people. 

Key Takeaways:

  • Scott Smith's journey from a commercial lender to an entrepreneur, author, and partner in the C squared fund showcases the power of perseverance and disruptive thinking.
  • The securitization of mortgages, inspired by Scott's innovative idea, revolutionized the market, significantly reducing interest rates and expanding homeownership opportunities for millions.
  • The conversation highlights the transformative nature of disruptive ideas, demonstrating how concepts once considered far-fetched can become the new norm.
  • Scott's background in philosophy and his unconventional approach to finance played a vital role in his success, emphasizing the importance of unique perspectives and unconventional thinking.
  • Scott's passion for tax reform spans over 25 years, with his vision of replacing income taxes with payment taxes, which would lower tax rates, balance the budget, and provide essential benefits like basic income, healthcare, and college education for all US citizens.
  • Scott proposes implementing a payment tax, taxing a small percentage of money changing hands in the monetary economy, which could eliminate income taxes, sales taxes, and property taxes, generating a surplus of funds to support initiatives such as basic income, free healthcare, and free college education.

    • Scott Smith's journey reminds us that true change is born from perseverance and daring ideas. By challenging conventional wisdom and pursuing innovative solutions, we can shape a better future for ourselves and society as a whole. Tune in to this episode and join us on this transformative conversation, and together, let's reimagine the possibilities and embrace the power of disruptive thinking.


    Ask Lisa a question and be answered and featured on the upcoming episodes!
    https://disruptandinnovate.com/ask-lisa/

    Learn more about your ad choices. Visit megaphone.fm/adchoices

    ...more
    View all episodesView all episodes
    Download on the App Store
    Disrupt & InnovateBy Lisa Levy