Brick-and-mortar businesses are often celebrated as the backbone of the economy—but structurally, they are some of the most exposed. This episode examines why enterprises tied to physical locations and fixed assets become easy targets for taxation, regulation, and political extraction, especially as economic activity grows more mobile and digital. We contrast capital-intensive businesses with service-based, intangible models that offer flexibility, leverage, and insulation from creeping transferism. The takeaway is not anti-business or anti-local—it’s pragmatic: in a system that punishes visibility and immobility, mobility is leverage, and intangibility is protection.

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