WEBVTT

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Join us on Now We Consume. Take in the knowledge.

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Take in the laughs. Indulge in the topics with

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us. The Now We Consume podcast will take you

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through the parts of your day you normally dread.

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Why suffer through the existential crisis of

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life alone when you can do it with us? And now

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we consume. This is not meant to be a conspiracy

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episode or podcast, but we make over some topics

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that dance that line like a toddler dances on

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their mother's last nerve. This podcast is rated

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I. For immature audiences only. Death and taxes,

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the only two things in life that you know are

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coming without question, as well as maybe a new

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STD after a questionable night out with someone

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from a hole -in -the -wall bar. But tonight,

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we will do our best to clear up the brain fog

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in the discussion on taxes and tariffs. And while

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we can't prescribe a cream for those weird bumps,

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we will hopefully force some knowledge into your

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brain -us. Welcome to the Now We Consume podcast.

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I'm your host, Pip. Who apparently cannot speak

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at all tonight. Here as always with my co -host

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Gibbs. Hello. I don't like the fact that I didn't

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learn a new word called brainess. I don't like

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brainess. Absolutely, buddy. No, I'm going to

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use that at work now. Yeah. And tonight we are

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going to be discussing the very fun and hot button

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topic of taxes and tariffs. Don't turn it off

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just yet. I know you're thinking, oh, my God,

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how can this be fun and entertaining? Well, we

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found a way. Yes. We included us. So while we

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all understand that taxes are a gross necessity

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of life, we found some information that we thought

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might spark some joy in your life and maybe not.

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Possibly anger. We know it did for us. Tariffs,

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on the other hand, are a much newer topic for

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a lot of people, and it's been a fun, let's say,

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inflammatory topic as of late. So we thought

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we should get it out there for discussion, let

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it flap around in the breeze like some dog lips

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in a car or some other lips if you... Are having

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a little bit of fun one day and just get it out

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there to waggle around and. I hate this entire

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example. This is grotesque. It's like when Nixon

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did his little. Because you're a Futurama fan.

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I absolutely am. I'm expecting Carly to come

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in here and start borking at me. But, you know,

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it's caused a lot of people to get very pissed

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off, and it may or may not be for good reason.

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So we thought that it was high time we did what

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we do, and we're going to slowly undress the

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topic and touch some tips on this and see if

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we can massage a little bit of calm and reassurance

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into your... Into your feelings. So Gibbs, go

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ahead and you can start us off. Anyway, I'm sorry.

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So the reason this came up is obviously there's

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been a lot of political talk and controversy

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regarding tariffs. Now, what people need to understand

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is actually tariffs have been around really as

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long as this country has been around. And really,

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this is something that governments have been

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using for centuries. In fact, really for thousands

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of years, it really wasn't that typical for a

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country necessarily to do any sort of income

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tax like we see nowadays. It was much more basically

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tariff based of the ideas. If you're bringing

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goods into a country, they are taxed to be brought

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into the country, whereas the goods built and

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distributed inside that country weren't really

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taxed either at all or at a very, very, very,

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very low rate. So historically, at least in America.

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The primary way of raising federal funds was

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always through, maybe not always, but very much

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primarily was tariffs. It was something to where

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originally it was just a few percent. That's

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where you get the idea of the T tax of the Boston

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Tea Party, where that was that couple of percent

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import tax or century tariff on tea that caused

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the whole, you know, the whole debacle. Uh, it's

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something to where now I, I think it's kind of

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funny how, and we did a lot of research here

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to kind of show what's happened over the centuries

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where originally tariffs research. Oh yeah. Pages

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and pages, but it'll, it'll be interesting. More

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interesting than you think. Um, it's really gone

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from a situation where this country used to be,

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you know, basically the entire federal government

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was run by a few percentage, um, tariff on various

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goods and some up to maybe 20, 30%. Without anything

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else other than maybe some excise tax and a little

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bit of a tax on public lands that were more for

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the local state and or county. Whereas now it's

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a very, very different case. So really, how do

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these things kind of work? It's pretty simple.

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Tariffs, just like I described, it's a tax on

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imports into the country. You have excise taxes,

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which are something that's kind of that's really

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actually. Sort of unique to the U .S., where

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effectively you're taxed on the luxury of having

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a good. So any sort of luxury good, you're taxed

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on the possession or the acquisition of that.

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Whereas also you have your property taxes, things

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like poll taxes, faculty taxes. So there were

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a few things, but you're talking the average

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American back. right between right around the

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time of the revolutionary war until 20 30 years

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after that or into the early 19th century 18

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and 18 20 you're talking the average america

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is maybe paying anywhere between five to ten

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percent if that in taxes and that's talking for

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somebody that's importing a lot that's doing

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a lot they really kept the vast majority of what

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they were making and that was on like a a rough

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value uh yearly $3 ,000 to $5 ,000. Of equivalent

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value, basically. It's something to consider

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is when we're talking about some of these numbers

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from hundreds of years ago. We've had to average

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out a lot of stuff, and there's a lot of things

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that we have to kind of take a little bit of

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liberty to. So I did a lot of number crunching,

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and we figured out some stuff. So just be aware

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that the numbers might not be 100 % on the dot,

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but they're going to be close enough to get the

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point across. So really, it wasn't until 1861

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in America where they introduced a flat tax of

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3 % on annual incomes over $800, which back at

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$800, you're talking upper middle class today,

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pretty much. But that was 3%. That was to fund

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and raise revenue. And really for that civil

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war that was going on and coming. Then in 1862.

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Again, it was a 3 % increase, but that was between

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$600 ,000 to $10 ,000, and then 5 % over $10

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,000, aka you're very wealthy at that point.

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So really, you're talking 1860s. Now we're adding

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to maybe that if you're well off or really well

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off, you're talking 5 % to 10%, which to me,

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that's not anything crazy. That's very much in

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line, and it makes sense in terms of raising

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revenue. to be able to do things like build infrastructure.

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That's one of the big things that happened and

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one of the reasons why they had to do that after

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the Civil War. Because in the Civil War, you

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have so many cities in America that were destroyed,

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so many towns that were completely leveled. You're

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talking well over half a million dead. It was

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insane what it did to this country. And a lot

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of people, if you don't really read historical

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context or look at a lot of things, some people

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forget. So there were a lot of roads to be rebuilt,

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a lot of towns and cities to be rebuilt. Our

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military was in shambles. We lost so many of

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our great military leaders from both the North

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and the South. It was not a good time. But with

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those added taxes, America saw one of its best

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times economically up until about World War I.

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World War I, unfortunately, is the point to where

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they passed the Revenue Act of 1913, which levied

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a 1 % tax on net personal incomes above $3 ,000

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and a surtax on higher incomes. That was really

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the first time that it was in law without any

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sort of repeal date, without any sort of time

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frame that they said, hey, we are going to start

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taxing your reported or earned income. That is

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where you see you do see a massive growth in

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the U .S. government for both good and bad. That's

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when you start seeing a lot of different government

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agencies being created. You start seeing a lot

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of growth, a lot more jobs, and really the government

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grows almost exponentially at this point. So

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then you get into, you know, World War II, to

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where past that, once you get past the Great

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Depression, now they start adding even more money.

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They start taking even more. Then you get even

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to post -World War II, where they start taking...

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That's where the milking really starts. That's

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where it starts to get bad. You know, you're

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talking at some point... There were some millionaires

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paying 60%, 70 % taxes on some cases. Now, granted,

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there were a lot of write -offs and other stuff

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within the system, but you had average Americans

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paying anywhere from 15 % to 30 % in taxes. It

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just keeps going up. That's what I'm getting

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at. The whole thing that I'm talking about here

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is really every single decade or really every

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single different historical point in American

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history, for some reason, the answer has been

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just give more money to the government. More

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taxes. Yeah. Raise more revenue. And unfortunately,

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by raising more revenue, every single time, they

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spend more. It's never, ever, ever, just, hey,

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let's put some money away. The only president

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that did not outspend, as far as I remember,

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and you guys can quote me on this one. I don't

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know if you know this. What do you think was

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the only president that started and ended with

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a balanced budget? Oh, shit. Because I can give

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an honorary mention. Okay. Who's the honorary?

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The honorary mention is Bill Clinton. Okay. He

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didn't start with a balanced budget. But he ended.

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But he did end. I will give him credit. Okay.

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Shit. I will go with... Either Kennedy for the

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obvious reason. Okay. That's kind of shitty.

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Okay. Okay. I didn't consider that. Teddy Roosevelt?

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No. No. Am I in the right era? So you're close.

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Dwight D. Eisenhower. Ike. Okay. Ike. Only because

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he's one of the only presidents that we've ever

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had. But he literally he only stuck strictly

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to what was constitutionally allowed by the president.

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He didn't add any new spending. He didn't push

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for anything other than just military spending

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and infrastructure. That was it. So kudos to

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him. He's one of my few presidents that I love.

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OK, you're cool. He is the one that pushed the

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National Highway Act, if I remember. Oh, yeah.

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But we gained so much revenue from that from

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trade. Yeah. Like that was great that it took,

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you know, a lot of years to be able to implement

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that. But when you look at the net at the end

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of it. It was crazy. That's really what allowed

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America to be the America you see in the movies

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and whatnot. People moving around, traveling,

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going places. Before then, it was difficult to

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move around before the national highway system

00:12:31.419 --> 00:12:34.100
was in. Well, yeah, it was streets and state

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routes. And they didn't always connect. There

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wasn't always a way to get around. There wasn't

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an easy way of getting from here to there. Sometimes

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it was a dirt road. Literally. And those cars

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in the 50s were not comfortable in those. No.

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But so what the point I'm getting at is it's

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been a continuing cycle of increasing on taxes.

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But the weird thing is with our tariffs, what

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we started using is leveraging tariffs and saying,

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hey, we're going to give these other countries

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economic incentives to trade with us. So we actually

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stopped many tariffs or even in the case of we

00:13:15.210 --> 00:13:17.049
would be giving goods to a country where they

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would have tariffs on our goods. But we wouldn't

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have it on theirs. There were not reciprocal

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tariffs. We would actually be entering trade

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deficits. This is one of the problems with NAFTA

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that we had, the North American Federal Trade

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Administration, and as well as our more recent

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dealings with China. Free trade agreement. Free

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trade agreement, sorry. I don't know why. Anyways.

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Between that, as well as our trade agreements

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with China, really ever since the 80s and 90s,

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we have been at a net loss. for most of our trading

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because we haven't utilized tariffs. The vast,

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vast majority of all of our government revenue

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has been taxes on people and businesses. The

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problem is when you keep doing that, you keep

00:13:58.419 --> 00:14:01.039
spending more and more and more. You end up,

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what, 30 -something trillion in debt? We're getting

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near 40 at this point. Something like that. So

00:14:08.460 --> 00:14:12.440
it's insane. To give you an idea how much, which

00:14:12.440 --> 00:14:16.970
is kind of crazy. In 2024, the top 1 % paid an

00:14:16.970 --> 00:14:19.009
average of about 35 % of their income in taxes.

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The middle 20 % paid about 26 .5%, and the poorest

00:14:23.570 --> 00:14:29.429
20 % pay about 17%. Now, that's in rough figures,

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but what's crazy to think about this, the middle

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20 % of people pay almost $18 ,000 in taxes.

00:14:37.210 --> 00:14:42.970
Now, compare that to... How America was pre -World

00:14:42.970 --> 00:14:48.110
War II, pre -World War I, pre -Civil War. Those

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numbers are unheard of. Especially, you're not

00:14:51.409 --> 00:14:54.490
even considering the average of the states into

00:14:54.490 --> 00:14:56.830
it. Granted, it says federal, state, and local,

00:14:56.970 --> 00:14:58.629
but there are some states, obviously, that are

00:14:58.629 --> 00:15:02.090
wildly different. Some states have a state income

00:15:02.090 --> 00:15:05.129
tax, some don't. Some have different taxes on

00:15:05.129 --> 00:15:08.639
their... Their properties, for example, if you're

00:15:08.639 --> 00:15:10.080
in a state like New Hampshire where they don't

00:15:10.080 --> 00:15:11.539
have necessarily sales tax, but they have higher

00:15:11.539 --> 00:15:13.019
property taxes and different things like that,

00:15:13.120 --> 00:15:17.980
it really depends. So why is all of this important?

00:15:19.779 --> 00:15:23.679
Because in 2024, the U .S. government collected

00:15:23.679 --> 00:15:28.580
$4 .9 trillion, which is a lot of money. However,

00:15:28.840 --> 00:15:34.559
we spent $6 .8 trillion. Just a little more.

00:15:34.940 --> 00:15:37.980
Just a lot more. We spent more than the GDP of

00:15:37.980 --> 00:15:41.779
major countries like Germany. Our deficit is

00:15:41.779 --> 00:15:45.059
more than an entire European country. It is ridiculous.

00:15:45.840 --> 00:15:51.740
It is gross how far in the red we are. I'm going

00:15:51.740 --> 00:15:54.419
to put this link in our stream chat right now,

00:15:54.480 --> 00:15:57.980
but I encourage anybody listening to go to usdebtclock

00:15:57.980 --> 00:16:02.460
.org and take a look. The current number is $36

00:16:02.460 --> 00:16:10.600
trillion. $725 billion, $556 million, $600 ,000,

00:16:10.600 --> 00:16:16.039
$700 ,000, $800 ,000. It's growing that fast.

00:16:18.299 --> 00:16:21.620
And it's something to where it's growing to a

00:16:21.620 --> 00:16:23.639
point to where we can barely even pay the interest

00:16:23.639 --> 00:16:27.059
on that. The interest alone is a trillion a year.

00:16:28.940 --> 00:16:30.940
You give me an idea how much money that is? The

00:16:30.940 --> 00:16:32.879
interest on our debt is more than our entire

00:16:32.879 --> 00:16:37.379
military budget. And that's saying something.

00:16:37.580 --> 00:16:40.840
And we're America, motherfuckers. We like to

00:16:40.840 --> 00:16:45.100
spend on our military. Yeah. We really like to

00:16:45.100 --> 00:16:48.610
spend on our military. If our choice is to do

00:16:48.610 --> 00:16:51.370
anything else or spend it to blow shit up, we

00:16:51.370 --> 00:16:53.309
blow shit up every time. We are the experts at

00:16:53.309 --> 00:16:56.289
that. Let me tell you. Yeah. We do not help our

00:16:56.289 --> 00:16:57.889
poor. We don't help our veterans. We don't help

00:16:57.889 --> 00:16:59.470
people with health care. We don't help people.

00:16:59.470 --> 00:17:01.490
Our education system. No, but we can blow you

00:17:01.490 --> 00:17:03.690
up from 10 miles away. Not give a fuck. We are

00:17:03.690 --> 00:17:07.170
good at that. But the sad part is even that can't

00:17:07.170 --> 00:17:12.430
outrun our debt. Yeah. So did you touch on the

00:17:12.430 --> 00:17:17.329
tax breakdown? Because I was pulling up the debt

00:17:17.329 --> 00:17:19.609
clock and grossing myself out at that number

00:17:19.609 --> 00:17:21.230
while you were talking, so I apologize for that.

00:17:21.309 --> 00:17:23.710
No, no, it's okay. So if you look at the debt

00:17:23.710 --> 00:17:25.509
per citizen, granted, I took these screenshots

00:17:25.509 --> 00:17:28.250
the other day, so you might see some newer numbers.

00:17:28.789 --> 00:17:31.089
But you're talking the U .S. national debt, if

00:17:31.089 --> 00:17:33.450
it was divvied up per citizen, it's $107 ,000

00:17:33.450 --> 00:17:38.329
per citizen. Or what's even scarier, per taxpayer,

00:17:38.670 --> 00:17:43.539
$323 ,000 per taxpayer. That is a very important

00:17:43.539 --> 00:17:45.140
number. What that means is for every person that's

00:17:45.140 --> 00:17:48.339
paying into the system, if the debt on the U

00:17:48.339 --> 00:17:52.279
.S. was collected right now, you would owe $323

00:17:52.279 --> 00:17:57.500
,000 on the debt that is previous. That is a

00:17:57.500 --> 00:18:00.640
system that is not sustainable at all, especially

00:18:00.640 --> 00:18:04.019
when the average revenue gained per person outside

00:18:04.019 --> 00:18:06.059
of the government spending on people and actually

00:18:06.059 --> 00:18:11.789
gaining revenue is $15 ,000. So you're not even

00:18:11.789 --> 00:18:16.250
in the realm of being sustainable. You aren't

00:18:16.250 --> 00:18:17.549
even in the ballpark. You aren't even in the

00:18:17.549 --> 00:18:19.329
same city. You might not even be on the same

00:18:19.329 --> 00:18:23.809
coastline. You're not even close. Not even a

00:18:23.809 --> 00:18:27.210
little bit. So this is the reason why the whole

00:18:27.210 --> 00:18:29.549
Trump tariff thing has been a topic of discussion

00:18:29.549 --> 00:18:33.430
lately. It's very clear that as a government,

00:18:33.490 --> 00:18:38.720
we grossly overspend. But inversely... We also

00:18:38.720 --> 00:18:45.240
do not collect our revenue enough. No. And I

00:18:45.240 --> 00:18:47.359
just want to look up this live for a second to

00:18:47.359 --> 00:18:50.019
get people aware. We are spending our largest

00:18:50.019 --> 00:18:52.740
budget items. We're spending one point six trillion

00:18:52.740 --> 00:18:56.119
alone in Medicare and Medicaid. One point five

00:18:56.119 --> 00:18:59.019
trillion in Social Security, just under a trillion

00:18:59.019 --> 00:19:03.380
on defense, over a trillion on interest. And

00:19:03.380 --> 00:19:06.099
that's not including many other items there.

00:19:06.509 --> 00:19:09.069
that are that are huge many government agencies

00:19:09.069 --> 00:19:12.950
that are completely overblown and with doge thankfully

00:19:12.950 --> 00:19:18.869
you know being able to um sort out and kind of

00:19:18.869 --> 00:19:22.730
show how much debt we have and not debt but how

00:19:22.730 --> 00:19:28.470
much um uh i guess fraud waste fraud thank you

00:19:28.470 --> 00:19:31.049
that's what i'm looking for with doge being able

00:19:31.049 --> 00:19:33.730
to sort that out and show it we're really starting

00:19:33.730 --> 00:19:37.400
to see How much can be saved? Like they've already

00:19:37.400 --> 00:19:39.960
roughly been looking at, they've made proposals

00:19:39.960 --> 00:19:44.819
to save 300 billion, which is awesome. It's not

00:19:44.819 --> 00:19:47.839
enough to really swing the pendulum, but it is

00:19:47.839 --> 00:19:51.440
a lot. It's something to really consider going

00:19:51.440 --> 00:19:57.859
forward. Now. Yeah. This is where things get

00:19:57.859 --> 00:20:02.160
really interesting because I figured part of

00:20:02.160 --> 00:20:04.200
this discussion was, well, could we solve it?

00:20:05.259 --> 00:20:09.079
Could us two idiots here? We've solved the energy

00:20:09.079 --> 00:20:12.339
crisis. We've solved the financial retirement

00:20:12.339 --> 00:20:15.799
crisis. So we figured, can we solve the tax problem?

00:20:16.700 --> 00:20:19.859
And we have an interesting discussion here, because

00:20:19.859 --> 00:20:26.579
technically, yes. But it's not great. There's

00:20:26.579 --> 00:20:28.519
a bit of a problem. It's always going to be a

00:20:28.519 --> 00:20:32.539
spending problem, unfortunately. But we did look

00:20:32.539 --> 00:20:36.420
at, it is possible. With some changes in our

00:20:36.420 --> 00:20:41.000
tariff policy and some changes in our tax system.

00:20:42.319 --> 00:20:44.900
That this is doable. This is very much doable.

00:20:46.539 --> 00:20:49.460
Now, there is another little point I want to

00:20:49.460 --> 00:20:54.079
make here. Very small point. The other issue

00:20:54.079 --> 00:20:55.599
we have in America is we have some of the highest

00:20:55.599 --> 00:20:59.279
corporate taxes in the world. And as well as

00:20:59.279 --> 00:21:02.480
some of the highest corporate regulation. It

00:21:02.480 --> 00:21:04.299
is very difficult nowadays to start a business.

00:21:05.399 --> 00:21:08.079
It's very difficult to start something from scratch

00:21:08.079 --> 00:21:11.599
between all the regulations and red tape you

00:21:11.599 --> 00:21:14.660
have to go through and everything else and different

00:21:14.660 --> 00:21:16.700
things you have to pay out for between federal,

00:21:16.740 --> 00:21:18.339
state, and local and all these different forms

00:21:18.339 --> 00:21:21.160
and everything. You basically have to have triple

00:21:21.160 --> 00:21:22.819
or quadruple the amount of available money you

00:21:22.819 --> 00:21:24.259
would think to have to have and have to have

00:21:24.259 --> 00:21:26.480
a lawyer on staff and have to have all these

00:21:26.480 --> 00:21:29.789
other things and have to know people. And that's

00:21:29.789 --> 00:21:32.529
assuming the local town or province or anything

00:21:32.529 --> 00:21:35.009
or county approves the business that you want

00:21:35.009 --> 00:21:37.130
to do. You can't just start one anymore. You

00:21:37.130 --> 00:21:38.630
have to get approvals and everything else and

00:21:38.630 --> 00:21:42.950
go through. It's insane. With all of that, half

00:21:42.950 --> 00:21:47.750
the problem we have now is so few people can

00:21:47.750 --> 00:21:49.789
start a business or even work for a small business.

00:21:51.490 --> 00:21:54.089
Most of the people I know, especially in my generation.

00:21:54.730 --> 00:21:58.009
We don't have the offer or the ability to work

00:21:58.009 --> 00:22:00.289
for a small business. Most everyone I know works

00:22:00.289 --> 00:22:03.190
for a big corporation or the government. And

00:22:03.190 --> 00:22:05.190
that's the difference where this country used

00:22:05.190 --> 00:22:07.410
to be built on small businesses. The idea that

00:22:07.410 --> 00:22:10.069
the local person, whether it be the local leather

00:22:10.069 --> 00:22:14.769
maker or the wax person or the post office or

00:22:14.769 --> 00:22:17.529
whatever it was, every job had to have somebody

00:22:17.529 --> 00:22:19.490
there locally to do it and to start it and to

00:22:19.490 --> 00:22:23.569
run it. Whereas now, everything's big monopolies.

00:22:24.849 --> 00:22:27.690
And I don't know many people, like I'm one of

00:22:27.690 --> 00:22:29.269
the few people that I'm very fortunate to work

00:22:29.269 --> 00:22:31.210
for a small business. And I'm not saying there's

00:22:31.210 --> 00:22:32.930
anything wrong working with larger businesses,

00:22:33.009 --> 00:22:36.410
but you would think for a country that was built

00:22:36.410 --> 00:22:39.869
on small local companies that we would incentivize

00:22:39.869 --> 00:22:43.150
to do that. And we don't because our tax system

00:22:43.150 --> 00:22:45.849
penalizes you. There's no tax advantage, essentially.

00:22:46.250 --> 00:22:48.490
In fact, it's the opposite because you can write

00:22:48.490 --> 00:22:52.039
off your losses. And other ways when you're large

00:22:52.039 --> 00:22:53.940
enough to have legal teams to be able to figure

00:22:53.940 --> 00:22:55.619
out how to write off these losses. Whereas if

00:22:55.619 --> 00:22:57.680
you're just, you're just a guy running a landscaping

00:22:57.680 --> 00:23:00.460
company, you don't get shit. The government doesn't

00:23:00.460 --> 00:23:02.660
give a fuck. They're like, yeah, you owe taxes.

00:23:02.680 --> 00:23:05.359
You pay now. You bend over now. No lube. Like

00:23:05.359 --> 00:23:07.420
it just, you, you have to pay. Whereas with these

00:23:07.420 --> 00:23:10.440
big multinational corporations, they could do

00:23:10.440 --> 00:23:13.279
what they want and they can pay later. In fact,

00:23:13.299 --> 00:23:21.540
they'll use the landscaping mulches lube. At

00:23:21.540 --> 00:23:25.059
least your shit later smells nice. You know?

00:23:25.640 --> 00:23:29.059
You're like, oh, wow. Fruity. Maybe not fruity.

00:23:29.119 --> 00:23:31.319
That's the wrong word. Woody? We'll see. What

00:23:31.319 --> 00:23:33.059
kind of compost are you using? I don't know.

00:23:33.819 --> 00:23:35.980
I'm short -circuiting today. I don't know. It's

00:23:35.980 --> 00:23:41.859
been a day. I had to wear my... When I broke

00:23:41.859 --> 00:23:44.359
my foot, I had to wear the compression boot.

00:23:45.319 --> 00:23:49.160
I've just been in pain. It's been great. Gotcha.

00:23:49.319 --> 00:23:53.420
The drugs are totally not kicking in. Oh, that's

00:23:53.420 --> 00:23:57.900
epic. It's great. But... Have you tried putting

00:23:57.900 --> 00:24:03.559
it up your butt? My foot? Are you aware of how

00:24:03.559 --> 00:24:05.880
inflexible I am, motherfucker? Are you kidding

00:24:05.880 --> 00:24:09.960
me? I mean the drugs. Have you tried putting

00:24:09.960 --> 00:24:11.700
the drugs up your butt? That's usually an exhaust

00:24:11.700 --> 00:24:14.140
port, not an intake. That's not what I... Well,

00:24:14.319 --> 00:24:17.930
it does work both ways. When in the Navy, I guess.

00:24:18.450 --> 00:24:22.930
Ask our friends in the alphabet community. I'm

00:24:22.930 --> 00:24:24.690
not touching that comment with a temper full.

00:24:25.289 --> 00:24:33.069
Nope. Nope. Nope. No, no, no, no. But when we

00:24:33.069 --> 00:24:35.829
were looking at it, we were looking at it in

00:24:35.829 --> 00:24:39.009
ways for America to solve this problem. I think

00:24:39.009 --> 00:24:41.970
it's actually pretty simple. Number one, there's

00:24:41.970 --> 00:24:44.559
a lot of other countries. that have tariffs,

00:24:44.619 --> 00:24:46.980
just overall tariffs on most products that are

00:24:46.980 --> 00:24:49.759
not insignificant. You're talking, there's a

00:24:49.759 --> 00:24:52.160
lot of countries that have 40, 50%, even in some

00:24:52.160 --> 00:24:55.359
cases, 100 % tariffs on any goods from a certain

00:24:55.359 --> 00:24:58.440
area to bring in. So in America, we get roughly

00:24:58.440 --> 00:25:01.779
3 .2 to 3 .3 trillion of goods come across the

00:25:01.779 --> 00:25:04.279
border every year, which means we put a 10 %

00:25:04.279 --> 00:25:07.480
tariff, that's 330 billion. Or to put it more

00:25:07.480 --> 00:25:10.519
simply, 30 % gets you a trillion. That trillion

00:25:10.519 --> 00:25:15.259
alone. and pay off the interest on our loans

00:25:15.259 --> 00:25:19.359
or a loan can pay for the military you could

00:25:19.359 --> 00:25:21.880
say yep we put a 30 tariff on all of our goods

00:25:21.880 --> 00:25:24.380
congratulations we paid for the military good

00:25:24.380 --> 00:25:28.880
job that's good but those tariffs are irrelevant

00:25:28.880 --> 00:25:31.460
if we don't lower corporate and business taxes

00:25:31.460 --> 00:25:33.920
so more people can start businesses and really

00:25:33.920 --> 00:25:35.779
i think actually the tax system should be advantaged

00:25:35.779 --> 00:25:38.640
for people and be more leveraged towards small

00:25:38.640 --> 00:25:41.160
businesses i'll get to that in a minute absolutely

00:25:41.819 --> 00:25:43.900
Now, sure, there might be a decrease in imports,

00:25:44.039 --> 00:25:46.859
and there are going to be some products that

00:25:46.859 --> 00:25:50.759
might have to get exemptions just for the economy

00:25:50.759 --> 00:25:54.819
to kind of situate with it. Not lag. Yeah, but

00:25:54.819 --> 00:25:56.160
what I'm thinking is it would have to be an increase

00:25:56.160 --> 00:26:00.140
over a few years. You do 2 % one year, 2 % another

00:26:00.140 --> 00:26:01.960
year. You do, of course, like five years, 2 %

00:26:01.960 --> 00:26:04.059
a year up until that point. Companies have a

00:26:04.059 --> 00:26:06.119
chance to move things over, to switch things

00:26:06.119 --> 00:26:08.480
around, to really bring goods and services back

00:26:08.480 --> 00:26:09.819
to America, because that's one of the biggest

00:26:09.819 --> 00:26:12.890
things is we've lost. Almost every single one

00:26:12.890 --> 00:26:15.990
of our production plants, any sort of industrial

00:26:15.990 --> 00:26:19.289
infrastructure, we no longer have here. And goods

00:26:19.289 --> 00:26:21.390
aren't really even built here anymore. Things

00:26:21.390 --> 00:26:23.809
say made in America all the time. 90 % of it's

00:26:23.809 --> 00:26:27.509
bullshit. 90 % of it is assembled in America

00:26:27.509 --> 00:26:29.210
or really what it is for a lot of things. It's

00:26:29.210 --> 00:26:33.170
quality control in America. So they can say,

00:26:33.210 --> 00:26:35.470
oh, it was made in America because it was going

00:26:35.470 --> 00:26:38.670
from that place to be sold, which I think that's

00:26:38.670 --> 00:26:40.130
the wrong way. You got to change how that stuff's

00:26:40.130 --> 00:26:43.039
labeled. I don't think that's right. No, no,

00:26:43.059 --> 00:26:47.519
no, no. No, no, no, no. The other way we thought

00:26:47.519 --> 00:26:49.900
about helping this out was to do a flat tax.

00:26:50.640 --> 00:26:53.119
Because one of the biggest problems we see are

00:26:53.119 --> 00:26:54.980
large corporations that were able to write off

00:26:54.980 --> 00:26:56.819
so much in taxes that they effectively have a

00:26:56.819 --> 00:27:01.420
near 0 % tax rate. When you've got companies

00:27:01.420 --> 00:27:06.700
as big as Amazon, Apple, Tesla, Walmart, making,

00:27:06.700 --> 00:27:09.839
you know, multiple billions of dollars in profit.

00:27:10.480 --> 00:27:14.059
And then essentially getting away with a $0 tax

00:27:14.059 --> 00:27:23.160
bill? No. No. And then I get told I owe $3 ,000

00:27:23.160 --> 00:27:26.259
because I didn't pay enough on my taxes? Excuse

00:27:26.259 --> 00:27:30.960
me? I paid what you said to pay. I don't think

00:27:30.960 --> 00:27:32.460
taxes should be something you have to hire a

00:27:32.460 --> 00:27:35.940
lawyer for. It should be very simple. Business

00:27:35.940 --> 00:27:37.859
and personal income taxes, just put it both at

00:27:37.859 --> 00:27:41.279
10%. Why? Because that would actually make us

00:27:41.279 --> 00:27:44.500
a shit ton more money. The only problem is that

00:27:44.500 --> 00:27:46.599
would basically fire 80 % of all accountants.

00:27:46.599 --> 00:27:48.819
So I'm sorry you lose your job, but get a better

00:27:48.819 --> 00:27:52.640
job. You need to be an asshole. They just start

00:27:52.640 --> 00:27:56.839
working in investments. I would agree with that

00:27:56.839 --> 00:28:00.119
100%. So it would be one of those things where

00:28:00.119 --> 00:28:02.180
you would have so many companies that can only,

00:28:02.299 --> 00:28:04.900
yes, they would have to pay their fair share,

00:28:05.000 --> 00:28:06.480
which I know, I'm not trying to go down that

00:28:06.480 --> 00:28:08.859
socialist line, but more let's be real. if we're

00:28:08.859 --> 00:28:12.099
all using the same roads, if we all get protected

00:28:12.099 --> 00:28:14.460
by the same military, have the same rules, same

00:28:14.460 --> 00:28:17.180
laws, then it should be roughly equal. So 10

00:28:17.180 --> 00:28:21.599
% flat tax, that solves a huge issue because

00:28:21.599 --> 00:28:24.640
we get roughly in terms of revenue between all

00:28:24.640 --> 00:28:27.940
people and all businesses. With our current situation,

00:28:27.940 --> 00:28:29.859
we get roughly 14 .8 trillion in revenue. So

00:28:29.859 --> 00:28:32.779
that'd be another 1 .4 trillion. Even if you

00:28:32.779 --> 00:28:35.720
had to do 20%, which I know that's tough for

00:28:35.720 --> 00:28:37.829
a lot of people to swallow. But for a lot of

00:28:37.829 --> 00:28:39.829
businesses, that would be less than what the

00:28:39.829 --> 00:28:42.329
current rate is. And for a lot of people, at

00:28:42.329 --> 00:28:44.829
least it would be cheaper and easier. I would

00:28:44.829 --> 00:28:47.769
hope to stick around 10 closer. But even if you

00:28:47.769 --> 00:28:49.509
had to do 20, let's just say theoretically for

00:28:49.509 --> 00:28:52.210
a year, between that and the tariffs, you basically

00:28:52.210 --> 00:28:55.450
have the majority of our budget covered. That's

00:28:55.450 --> 00:28:59.609
four and a half to five trillion. And that doesn't

00:28:59.609 --> 00:29:06.970
even include other ways of raising revenue. It's

00:29:06.970 --> 00:29:08.730
one of those things where if you cut the budget

00:29:08.730 --> 00:29:12.609
a little bit and add on these things, you could

00:29:12.609 --> 00:29:14.230
theoretically say to the average person, Hey,

00:29:14.349 --> 00:29:18.089
you know, are you willing to pay anywhere from

00:29:18.089 --> 00:29:21.650
10 to 30 % more for imported goods? But then

00:29:21.650 --> 00:29:23.690
in three to five years, a lot of those companies

00:29:23.690 --> 00:29:26.069
will move jobs over here. We'll create more jobs,

00:29:26.089 --> 00:29:29.250
which then increases that revenue, which then

00:29:29.250 --> 00:29:31.569
increased revenue means we can afford to do more

00:29:31.569 --> 00:29:33.410
stuff and incentivize more things to come here.

00:29:34.029 --> 00:29:35.569
And eventually it's the revolving door because

00:29:35.569 --> 00:29:37.829
the reality of it is businesses always generate

00:29:37.829 --> 00:29:41.230
more tax revenue than people. No matter what,

00:29:41.250 --> 00:29:44.349
you always want to incentivize businesses. So

00:29:44.349 --> 00:29:47.130
to me, it just seems like such a simple, simple

00:29:47.130 --> 00:29:50.289
solution that people like to overcomplicate because

00:29:50.289 --> 00:29:54.390
they'd be losing money. I hate to say it, but

00:29:54.390 --> 00:29:59.490
to them, they'd be losing it. Yeah. And that

00:29:59.490 --> 00:30:02.809
was one of the reasons that. So many businesses

00:30:02.809 --> 00:30:06.829
started going overseas. Yes, they generate a

00:30:06.829 --> 00:30:09.849
lot of tax revenue, but people are the biggest

00:30:09.849 --> 00:30:14.930
expense of a company. So especially American

00:30:14.930 --> 00:30:18.650
people, because we like our big fat paychecks

00:30:18.650 --> 00:30:21.890
and we have our fancy expensive lifestyles. So

00:30:21.890 --> 00:30:29.650
if we can pay Taji Habib $20 a day to manufacture

00:30:29.650 --> 00:30:33.140
this widget, Over in some third world country

00:30:33.140 --> 00:30:37.940
where we're paying, you know, Jenny from the

00:30:37.940 --> 00:30:41.000
block, $20 an hour. Well, yeah, they're going

00:30:41.000 --> 00:30:45.140
to make that trade every day of the week. So

00:30:45.140 --> 00:30:56.240
that takes us back to the incentivizing. It balances

00:30:56.240 --> 00:31:01.240
out. It really does. I lost my train of thought.

00:31:01.299 --> 00:31:02.680
I'm sorry. Well, that's okay because we haven't

00:31:02.680 --> 00:31:05.400
even got to the last point, which is the one

00:31:05.400 --> 00:31:08.220
that you brought up, which this is what basically

00:31:08.220 --> 00:31:11.059
balances the budget right here. This is the one

00:31:11.059 --> 00:31:13.160
thing we're not doing that many other countries

00:31:13.160 --> 00:31:14.500
in the Western world do, and I don't know why

00:31:14.500 --> 00:31:18.519
we don't do this. It's a consumption tax. So

00:31:18.519 --> 00:31:23.380
the idea is if we make those changes and then

00:31:23.380 --> 00:31:27.180
do a 5 % tax, it's basically just a federal sales

00:31:27.180 --> 00:31:31.359
tax on anything you buy. If we did these changes,

00:31:31.460 --> 00:31:35.279
that one adds another trillion a year in revenue.

00:31:36.039 --> 00:31:42.400
So now we've balanced the budget. What's crazy,

00:31:42.539 --> 00:31:46.299
though, is if we did it correctly and cut enough

00:31:46.299 --> 00:31:51.599
stuff, you might even be able to get rid of personal

00:31:51.599 --> 00:31:57.259
income tax over time. Right, because that's paying

00:31:57.259 --> 00:32:00.190
interest on the loan. and putting profit into

00:32:00.190 --> 00:32:03.109
the system, which means the loan goes down, which

00:32:03.109 --> 00:32:05.509
means you're paying less on interest, which means

00:32:05.509 --> 00:32:08.390
over time, the loan balance goes down if you're

00:32:08.390 --> 00:32:10.890
not spending more than you're taking in, just

00:32:10.890 --> 00:32:15.569
like normal people finances. Exactly. That's

00:32:15.569 --> 00:32:16.809
where my train of thought was going a minute

00:32:16.809 --> 00:32:18.750
ago, and I knew I was getting ahead of myself,

00:32:18.930 --> 00:32:21.150
so sorry. But the reason why I want to bring

00:32:21.150 --> 00:32:23.869
this up, which is very important, is remember

00:32:23.869 --> 00:32:26.190
when I said earlier that in 2024, the poorest

00:32:26.190 --> 00:32:29.440
people... paid roughly 17 % of their income in

00:32:29.440 --> 00:32:33.779
taxes. What would be very important here is their

00:32:33.779 --> 00:32:36.400
effective tax rate would be closer to that 12

00:32:36.400 --> 00:32:41.079
or 14%. Because again, if you're looking at the

00:32:41.079 --> 00:32:44.640
10 % income, mind you, the tariffs really wouldn't

00:32:44.640 --> 00:32:46.400
hit them that hard because they're not consuming

00:32:46.400 --> 00:32:49.119
a lot of goods. And most of the stuff that tariffs

00:32:49.119 --> 00:32:51.420
would be on are larger items, things like vehicles.

00:32:52.240 --> 00:32:54.039
you know large tech items stuff like that but

00:32:54.039 --> 00:32:56.579
things like food in america thankfully most of

00:32:56.579 --> 00:32:59.099
our food is here we don't really import a lot

00:32:59.099 --> 00:33:02.900
so for average people well you say that you know

00:33:02.900 --> 00:33:04.759
what i mean though and that would be a quick

00:33:04.759 --> 00:33:06.619
changeover for a lot of stuff like sure for a

00:33:06.619 --> 00:33:10.079
couple of years it would suck but the biggest

00:33:10.079 --> 00:33:12.980
thing i'm trying to push for is the idea of number

00:33:12.980 --> 00:33:15.880
one us maintaining the american value of the

00:33:15.880 --> 00:33:19.579
dollar so that it doesn't erode away with inflation

00:33:19.579 --> 00:33:24.029
and number two If you can get it to a point to

00:33:24.029 --> 00:33:27.470
where Americans can have more, I guess you could

00:33:27.470 --> 00:33:31.869
say, expendable income, people can start to invest.

00:33:32.210 --> 00:33:34.269
People can start to grow the economy. People

00:33:34.269 --> 00:33:36.769
can create businesses. They can create jobs.

00:33:36.930 --> 00:33:40.789
They can invest in the stock market, 401ks, IRAs.

00:33:41.450 --> 00:33:43.509
That's really the backbone of how the American

00:33:43.509 --> 00:33:46.710
economic system works, which for the best, for

00:33:46.710 --> 00:33:49.349
better, for worse, that is one of the most important

00:33:49.349 --> 00:33:51.069
metrics. When people have money to put into it,

00:33:51.630 --> 00:33:54.329
Everything stagnates. Unfortunately, we are very

00:33:54.329 --> 00:33:56.769
much a pyramid system where at the very top,

00:33:56.789 --> 00:34:01.410
it's the NASDAQ, Dow, S &P 500, you know, those

00:34:01.410 --> 00:34:03.670
few thousand companies that really run the country.

00:34:04.269 --> 00:34:07.009
If they're not doing well, everything else comes

00:34:07.009 --> 00:34:10.570
to a halt. And it sucks because you have to fix

00:34:10.570 --> 00:34:12.570
the underlying issue of Americans not being able

00:34:12.570 --> 00:34:14.429
to start businesses to compete with them, which

00:34:14.429 --> 00:34:17.809
is something we can do. But with this system,

00:34:17.909 --> 00:34:22.900
you basically only pay. a 10 % income tax, and

00:34:22.900 --> 00:34:24.960
then anything else is only taxed if you spend

00:34:24.960 --> 00:34:29.840
money. So you can invest. You can actually put

00:34:29.840 --> 00:34:32.239
aside some money and invest and do something.

00:34:32.380 --> 00:34:35.539
You can get somewhere. And for a lot of people,

00:34:35.719 --> 00:34:38.960
let's just say for the poorest 20 % that would

00:34:38.960 --> 00:34:42.880
save like 7 % of their income. Okay, so we're

00:34:42.880 --> 00:34:45.639
talking the poorest 20%. If they're making $20

00:34:45.639 --> 00:34:49.719
,000 a year. So they could save like $1 ,700

00:34:49.719 --> 00:34:53.860
a year or like $150, $130 a month. For some of

00:34:53.860 --> 00:34:57.460
those people, that is their, you know, some of

00:34:57.460 --> 00:34:59.800
their food money, some of their bill money. I'm

00:34:59.800 --> 00:35:01.199
not saying it's enough to where all of a sudden

00:35:01.199 --> 00:35:04.000
everyone could buy a lavish house, but it's the

00:35:04.000 --> 00:35:07.559
start to be able to get somewhere. Because every

00:35:07.559 --> 00:35:10.800
single administration since Bill Clinton has

00:35:10.800 --> 00:35:15.679
spent more money than they've brought in. I don't

00:35:15.679 --> 00:35:18.099
care about your party line or political affiliation.

00:35:18.420 --> 00:35:21.460
Every single one of them has failed when it comes

00:35:21.460 --> 00:35:25.239
to finances. So at some point, we do have to

00:35:25.239 --> 00:35:26.800
make this correction and have the discussion.

00:35:28.079 --> 00:35:30.300
But what I find even more interesting about this

00:35:30.300 --> 00:35:34.000
system is the fact that the middle class would

00:35:34.000 --> 00:35:38.480
benefit huge. Because right now, if you're paying

00:35:38.480 --> 00:35:41.730
roughly 26 % of your income in taxes, Imagine

00:35:41.730 --> 00:35:45.110
if, let's just say you're buying a car, paying

00:35:45.110 --> 00:35:48.070
that 10 % income, pay that 5 % sales tax, your

00:35:48.070 --> 00:35:50.449
effective tax rate might be down closer to 15%,

00:35:50.449 --> 00:35:54.349
even 18%. That's huge. And especially if you're

00:35:54.349 --> 00:35:56.369
a top 1 % person, because typically most people

00:35:56.369 --> 00:35:58.829
in the top 1%, they own businesses. They hire

00:35:58.829 --> 00:36:02.190
people. If a business is able to save, let's

00:36:02.190 --> 00:36:05.489
just say 20, 30, even 50 ,000 a year, they can

00:36:05.489 --> 00:36:07.570
do more to reinvest in that business. They can

00:36:07.570 --> 00:36:11.239
do more to hire people. They can do things. And

00:36:11.239 --> 00:36:13.780
unfortunately, I know people have the debate

00:36:13.780 --> 00:36:16.500
about trickle -down economics, which I know.

00:36:16.980 --> 00:36:23.179
Some people that have degrees in economics try

00:36:23.179 --> 00:36:24.780
to say that trickle -down doesn't work. Some

00:36:24.780 --> 00:36:27.719
people say it does. I'm not here to debate, you

00:36:27.719 --> 00:36:31.599
know, different types of economic philosophies.

00:36:32.000 --> 00:36:34.380
But what I will say is the fundamental truth

00:36:34.380 --> 00:36:37.539
of if businesses don't have money to reinvest,

00:36:37.579 --> 00:36:39.780
they can't. I can't guarantee they ever will.

00:36:40.349 --> 00:36:42.650
But the only way for them to be able to reinvest

00:36:42.650 --> 00:36:45.409
is to have money. So the only way to give them

00:36:45.409 --> 00:36:47.289
money is to have the American dollar worth more

00:36:47.289 --> 00:36:49.929
and take out less in taxes. And if you just put

00:36:49.929 --> 00:36:51.469
in more businesses, you don't have to take out

00:36:51.469 --> 00:36:54.969
as much money from them. It's very simple. So

00:36:54.969 --> 00:36:57.110
by this system, you encourage competition, you

00:36:57.110 --> 00:36:59.489
encourage more businesses, and people pay less

00:36:59.489 --> 00:37:01.130
in taxes. Therefore, you get to keep more for

00:37:01.130 --> 00:37:04.010
yourself. You get to choose. But even more important

00:37:04.010 --> 00:37:06.309
than anything else, this is one simple fundamental

00:37:06.309 --> 00:37:09.480
reason. You don't have a choice with the IRS

00:37:09.480 --> 00:37:12.460
right now for most of your taxes. Either you

00:37:12.460 --> 00:37:16.340
pay it or you go straight to jail. Do not pass.

00:37:16.440 --> 00:37:19.119
Go do not collect $200. Do not be given your

00:37:19.119 --> 00:37:21.519
free gift bottle of lube. And you have to guess.

00:37:23.039 --> 00:37:24.440
That's the beautiful thing about this country.

00:37:25.039 --> 00:37:26.440
The government will never give you a piece of

00:37:26.440 --> 00:37:28.000
paper says, by the way, you owe this much or

00:37:28.000 --> 00:37:32.059
we pay you this much. No, you are forced with

00:37:32.059 --> 00:37:35.300
a gun to your head to say, Oh, I need to figure

00:37:35.300 --> 00:37:37.559
this out and file the paperwork. or else i could

00:37:37.559 --> 00:37:41.599
go to jail which is wrong whereas under this

00:37:41.599 --> 00:37:46.179
system you just take your income you move the

00:37:46.179 --> 00:37:49.980
decimal point over and you say there's the income

00:37:49.980 --> 00:37:54.280
taxes it's so simple and i'm not saying it because

00:37:54.280 --> 00:37:58.159
people are stupid but like the fact that we have

00:37:58.159 --> 00:38:01.280
well over 100 000 irs agents to be able to extort

00:38:01.280 --> 00:38:04.980
people is unreal but it should just be a simple

00:38:04.980 --> 00:38:07.769
system of This is how much you owe. This is the

00:38:07.769 --> 00:38:11.670
paperwork. It should be stupid simple, but it's

00:38:11.670 --> 00:38:13.809
not because people make money off of being difficult,

00:38:13.989 --> 00:38:17.150
which is not fair. Because every other Western

00:38:17.150 --> 00:38:21.909
country, they make taxes easy. I know in Canada,

00:38:21.909 --> 00:38:23.710
they just send you some paperwork. They're like,

00:38:23.750 --> 00:38:25.929
here, here's your taxes. This is all done. We

00:38:25.929 --> 00:38:27.230
know how much you made. This is what you owe,

00:38:27.289 --> 00:38:29.250
or this is what you already paid in. We pay you

00:38:29.250 --> 00:38:31.889
back. You pay us. We set up a payment plan. Here

00:38:31.889 --> 00:38:38.219
you go. So that's... That's kind of where I went

00:38:38.219 --> 00:38:41.320
with it, where basically we can do it between

00:38:41.320 --> 00:38:47.019
tariffs, a consumption tax, and a much smaller

00:38:47.019 --> 00:38:49.420
income tax. That's a flat rate. You'd be all

00:38:49.420 --> 00:38:52.099
set. And mind you, all these numbers are based

00:38:52.099 --> 00:38:57.219
on the current data we have. How many companies

00:38:57.219 --> 00:38:58.880
do you think that aren't being reported on this

00:38:58.880 --> 00:39:03.019
that don't pay taxes would then have to pay because

00:39:03.019 --> 00:39:07.559
of a 10 % flat tax? Who knows? It could raise

00:39:07.559 --> 00:39:12.880
a lot more revenue than you think. So that's

00:39:12.880 --> 00:39:19.380
basically my argument. So I guess the question

00:39:19.380 --> 00:39:22.900
becomes, where do we end up going with the tariffs?

00:39:23.179 --> 00:39:26.440
Because not to get too political, but I know

00:39:26.440 --> 00:39:29.579
Trump's playing a very interesting game. Well,

00:39:30.000 --> 00:39:32.059
here's the thing. It's working because a lot

00:39:32.059 --> 00:39:33.940
of countries are saying, hey, let's make a deal.

00:39:34.940 --> 00:39:40.820
Yeah. And I know people don't like him, but his

00:39:40.820 --> 00:39:44.380
book, The Art of the Deal, it's going on my reading

00:39:44.380 --> 00:39:52.300
list as much as I hate to say that. The man knows

00:39:52.300 --> 00:39:54.460
his shit when it comes to business stuff. And

00:39:54.460 --> 00:39:56.760
yeah, it's a lot of bully tactics. Oh, well.

00:39:57.900 --> 00:40:02.480
But it's working. The thing is, if we don't bully

00:40:02.480 --> 00:40:04.239
these other countries, we end up in a trade deficit

00:40:04.239 --> 00:40:09.150
forever. Yeah, we have been. It's crazy. We were

00:40:09.150 --> 00:40:10.849
in a two to three hundred billion dollar trade

00:40:10.849 --> 00:40:13.949
deficit with Canada every year. Why? Why are

00:40:13.949 --> 00:40:17.090
we giving them our country cannot thrive and

00:40:17.090 --> 00:40:20.469
exist like that? No, we just go further and further

00:40:20.469 --> 00:40:28.730
down the spiral and that the words deficit. Thank

00:40:28.730 --> 00:40:34.130
you. Goes further and further into the red. And

00:40:34.130 --> 00:40:36.210
we just get further and further away from a solution.

00:40:37.070 --> 00:40:41.369
Things like what we're talking about are ways

00:40:41.369 --> 00:40:45.349
that are feasible to get us out of the hole.

00:40:46.449 --> 00:40:48.949
Now, we're two guys just sitting around talking

00:40:48.949 --> 00:40:51.690
about it. Are these ideas ever going to be implemented?

00:40:52.130 --> 00:40:54.429
Probably not, because nobody has the balls to

00:40:54.429 --> 00:40:59.369
do it. It's going to take something like the

00:40:59.369 --> 00:41:02.659
Buffett solution. and saying that nobody in office

00:41:02.659 --> 00:41:05.260
is eligible for re -election until the budget

00:41:05.260 --> 00:41:09.219
is balanced. Knowing that, but nobody in office

00:41:09.219 --> 00:41:12.360
should be trading stocks, or inversely, they

00:41:12.360 --> 00:41:14.039
should have to make it public within a couple

00:41:14.039 --> 00:41:18.039
hours. Yeah. Either way, I don't care. 90 minutes.

00:41:18.800 --> 00:41:22.480
Yeah. The 90 -minute rule. As soon as you trade,

00:41:22.539 --> 00:41:23.920
you've got 90 minutes. It must be made public,

00:41:23.980 --> 00:41:27.739
or you have to pay double what you paid for in

00:41:27.739 --> 00:41:29.539
fines, and you're barred from trading for like

00:41:29.539 --> 00:41:32.909
a month. Or something like that. So it's that

00:41:32.909 --> 00:41:36.309
simple. I don't think that if you're able to

00:41:36.309 --> 00:41:40.070
affect policy that would affect stocks, nobody

00:41:40.070 --> 00:41:43.030
in your circle, like five rings out, should be

00:41:43.030 --> 00:41:45.170
able to trade. The problem is there's no way

00:41:45.170 --> 00:41:49.329
to enforce that. Those are the same people that

00:41:49.329 --> 00:41:53.250
would be enforcing it. So they won't. That's

00:41:53.250 --> 00:41:54.550
why you have to make the transparent argument

00:41:54.550 --> 00:41:57.280
because they'll never enforce that law. Yeah.

00:41:57.380 --> 00:41:58.659
I mean, think about it. How many politicians

00:41:58.659 --> 00:42:00.400
have you heard about that have been drunk driving

00:42:00.400 --> 00:42:02.880
or, like, sexually assaulting or, like, doing

00:42:02.880 --> 00:42:06.320
all this weird stuff? And yet, it's okay. They

00:42:06.320 --> 00:42:08.380
just never end up in jail. Nothing ever happens.

00:42:09.000 --> 00:42:13.820
You know? But now, look at, um, what was, what

00:42:13.820 --> 00:42:15.460
was, like, that governor that was in Michigan

00:42:15.460 --> 00:42:18.260
that she was basically, uh, like, not governor,

00:42:18.320 --> 00:42:20.699
sorry, no, um, it was, like, a mayor that she

00:42:20.699 --> 00:42:22.639
was, like, bullying people, hiding their money,

00:42:22.699 --> 00:42:25.860
extorting the money. I forgot her name. Oh, shit.

00:42:25.940 --> 00:42:28.820
Yeah. You know what I'm talking about. Yeah.

00:42:29.360 --> 00:42:30.860
Yeah. And nothing was done about it for years.

00:42:31.760 --> 00:42:33.219
Documentaries are made about her like a year

00:42:33.219 --> 00:42:36.599
ago, a year or two ago. Yeah. And nothing's ever

00:42:36.599 --> 00:42:39.280
done. Because unfortunately, I will call this

00:42:39.280 --> 00:42:41.320
out in the podcast, and I'm going to get flack

00:42:41.320 --> 00:42:44.099
for it. I don't care. Most police are wussies.

00:42:44.099 --> 00:42:45.679
They don't actually enforce the law. Do it. They

00:42:45.679 --> 00:42:47.920
don't enforce the law. They will see somebody

00:42:47.920 --> 00:42:49.699
break the law right in front of them, and they

00:42:49.699 --> 00:42:52.300
will not do it, even if it's a senator or a representative

00:42:52.300 --> 00:42:54.639
or someone in the government. Those laws apply

00:42:54.639 --> 00:42:56.880
equally to them. If you do not arrest them for

00:42:56.880 --> 00:42:58.820
breaking the law, you are complicit with it.

00:42:58.860 --> 00:43:00.880
The only laws that matter are the ones that are

00:43:00.880 --> 00:43:03.559
enforced. So thank you for being part of this.

00:43:03.719 --> 00:43:07.460
Police are not there to protect the citizens.

00:43:08.000 --> 00:43:09.960
They're there to help with the insurance paperwork.

00:43:10.300 --> 00:43:13.179
Yeah. I will stand my ground on that. Police

00:43:13.179 --> 00:43:16.260
are just HR for the government. That's all they

00:43:16.260 --> 00:43:20.409
are. No, don't get me wrong. I do support our

00:43:20.409 --> 00:43:22.929
police. I think they have a strenuous job. They

00:43:22.929 --> 00:43:26.289
do great work for us, but they're constrained

00:43:26.289 --> 00:43:28.389
from above from doing the job they're supposed

00:43:28.389 --> 00:43:31.409
to do. It's not the fault of the 99 % of the

00:43:31.409 --> 00:43:34.110
people that are actually doing the job. It's

00:43:34.110 --> 00:43:35.949
the people up top that are there because of political

00:43:35.949 --> 00:43:40.010
reasons. That's always the problem. It's never

00:43:40.010 --> 00:43:41.070
the ones that you actually... Politics gets in

00:43:41.070 --> 00:43:45.320
the way of life. Yeah, unfortunately. But it's

00:43:45.320 --> 00:43:47.980
the political ones that want to be up higher

00:43:47.980 --> 00:43:50.480
up in the rungs that wants to make the decisions.

00:43:50.519 --> 00:43:51.760
It's not the ones that actually want to help

00:43:51.760 --> 00:43:55.559
people. Yeah. Which, as we've learned many a

00:43:55.559 --> 00:44:03.900
time, it's unfortunate, but it's a reality. But

00:44:03.900 --> 00:44:07.380
yeah, that would be, I guess in discussing this,

00:44:07.460 --> 00:44:10.260
that would be kind of the solution. Where if

00:44:10.260 --> 00:44:13.340
you combine these things and cut some spending

00:44:13.340 --> 00:44:17.019
and Have more businesses move back. Congratulations.

00:44:17.119 --> 00:44:19.800
You could have a prosperous America like we had

00:44:19.800 --> 00:44:22.980
in the 50s through the 80s. You know, you could

00:44:22.980 --> 00:44:27.099
do it. I did suggest a few other ways that we

00:44:27.099 --> 00:44:29.300
could prosper as a country, too. Oh, legalize

00:44:29.300 --> 00:44:33.880
drugs? Well, if the U .S. started selling drugs,

00:44:34.139 --> 00:44:36.920
maybe got in on some of that organ harvesting

00:44:36.920 --> 00:44:39.380
money and potentially start mining asteroids,

00:44:39.699 --> 00:44:42.719
we could really. Get some profit going. Mining

00:44:42.719 --> 00:44:47.480
asteroids, 100%. Hell yeah. Also, the fact that

00:44:47.480 --> 00:44:49.340
marijuana is still considered like a class one

00:44:49.340 --> 00:44:51.619
or schedule one drug is insane. That should be

00:44:51.619 --> 00:44:53.860
federally legalized. And honestly, if that had

00:44:53.860 --> 00:44:55.900
a 10 % tax on it, we'd make a trillion dollars

00:44:55.900 --> 00:44:58.179
a year. But that would be the easiest way to

00:44:58.179 --> 00:45:01.619
make money. Yes. It is the original cash crop.

00:45:03.219 --> 00:45:05.460
And honestly, let me hear your opinion on this

00:45:05.460 --> 00:45:07.559
one. I think I already know, but I'm curious.

00:45:08.539 --> 00:45:11.019
Do you legalize prostitution as well and just

00:45:11.019 --> 00:45:15.619
have it regulated? I think yes, because if it's

00:45:15.619 --> 00:45:20.619
regulated, it's controlled, it's safer, and there's

00:45:20.619 --> 00:45:25.019
less incidences of disease and violence. So,

00:45:25.039 --> 00:45:30.239
yeah, I think so. I would agree. As someone that's

00:45:30.239 --> 00:45:32.619
not even a fan of the concept of it, but I would

00:45:32.619 --> 00:45:34.400
agree that it's your body, your choice, you could

00:45:34.400 --> 00:45:38.659
do that. Yeah. Who the hell is going to be running

00:45:38.659 --> 00:45:41.420
the coochie police? Who's the one that's going

00:45:41.420 --> 00:45:47.199
to be running the enforcement? Well, here's the

00:45:47.199 --> 00:45:49.380
thing. We've already legalized things like OnlyFans.

00:45:50.119 --> 00:45:56.280
So that's just the next step. So why not? Can

00:45:56.280 --> 00:45:59.039
I have a quick aside? Because this touches a

00:45:59.039 --> 00:46:01.320
very important topic. Did you know there's a

00:46:01.320 --> 00:46:06.949
company that's making... Touch my tip. You really

00:46:06.949 --> 00:46:12.949
did. But, you know, there's a company that they've

00:46:12.949 --> 00:46:17.429
made AI women on OnlyFans. Yes. And they're making

00:46:17.429 --> 00:46:24.050
money hand over fist. Oh, yeah. So. Yeah. AI

00:46:24.050 --> 00:46:25.789
is. The apocalypse is already happening. AI is

00:46:25.789 --> 00:46:28.829
coming, buddy. Yeah. And you know what's weird?

00:46:29.130 --> 00:46:31.210
Why is it? Now, this is going to be a controversial

00:46:31.210 --> 00:46:33.110
statement. So it's going to be a bunch of guys

00:46:33.110 --> 00:46:35.429
programming women to then pleasure other men.

00:46:36.000 --> 00:46:38.280
So, just like in the trans community, men are

00:46:38.280 --> 00:46:39.519
going to be better at women than women being

00:46:39.519 --> 00:46:47.079
at women. It's the way it's going. All these

00:46:47.079 --> 00:46:48.840
women are going to be so upset because they're

00:46:48.840 --> 00:46:50.239
no longer going to be at OnlyFans because guys

00:46:50.239 --> 00:46:52.420
programmed AI to do exactly what they wanted.

00:46:53.480 --> 00:46:56.000
Yeah. It's congratulations. You played yourself.

00:46:57.380 --> 00:47:02.239
Yeah. That's terrible. Yeah, you know. Just saying.

00:47:04.230 --> 00:47:11.210
Oh, my God. On a side note, did you guys know

00:47:11.210 --> 00:47:14.269
that the dollar is worth about 4 % of what it

00:47:14.269 --> 00:47:21.969
was in 1913? Yeah, it's worth. Yeah, that fucking

00:47:21.969 --> 00:47:28.369
hurts. It's worth 125th. Which is insane. Well,

00:47:28.769 --> 00:47:30.309
you could blame Nixon, by the way, for getting

00:47:30.309 --> 00:47:33.159
us off the gold standard. When we got off the

00:47:33.159 --> 00:47:36.639
gold standard, that was the nose dive off. No,

00:47:36.719 --> 00:47:39.619
that was the Greg Louganis dive off the diving

00:47:39.619 --> 00:47:44.300
board that sent us into this disaster. And if

00:47:44.300 --> 00:47:45.920
you don't know who that is, look it up and watch

00:47:45.920 --> 00:47:49.119
that video. So one of the things I know we talked

00:47:49.119 --> 00:47:52.139
about this as well during our previous American

00:47:52.139 --> 00:47:57.679
Financial podcast episode. But we got off the

00:47:57.679 --> 00:47:59.019
gold standard so the government could just print

00:47:59.019 --> 00:48:02.440
money and spend what we couldn't spend. If Trump

00:48:02.440 --> 00:48:04.980
was smart, he needs to find a way for us to get

00:48:04.980 --> 00:48:07.380
to some sort of standard that keeps the government

00:48:07.380 --> 00:48:09.079
from putting us back on the gold standard. Because

00:48:09.079 --> 00:48:11.880
unfortunately, if I remember here and I go back

00:48:11.880 --> 00:48:17.699
to the debt clock, million, billion, trillion.

00:48:18.360 --> 00:48:22.420
Wait a minute. Thousand million. Yeah. So we

00:48:22.420 --> 00:48:25.659
have currently the M2 money supply in the U .S.

00:48:25.980 --> 00:48:32.440
in physical dollars is 21 trillion. which is

00:48:32.440 --> 00:48:34.219
insane because back in the 70s we had like a

00:48:34.219 --> 00:48:39.920
trillion so theoretically we are lucky that the

00:48:39.920 --> 00:48:43.820
dollar is only 125th what it was in like 1913

00:48:43.820 --> 00:48:50.039
not like 170th yeah have the zimbabwe money dude

00:48:50.039 --> 00:48:51.739
we're getting to we're basically fiat currency

00:48:51.739 --> 00:48:55.820
we're going that way so we've we are a fiat currency

00:48:55.820 --> 00:48:58.199
well i i guess i mean like in the in the realm

00:48:58.199 --> 00:49:02.139
of like venezuela It's like, God forbid if something

00:49:02.139 --> 00:49:05.960
happens, we are screwed. We're going to start

00:49:05.960 --> 00:49:08.880
seeing a whole lot more zeros on our bills. Yeah.

00:49:11.139 --> 00:49:16.599
Yeah. That is not a good thing. God. That will

00:49:16.599 --> 00:49:19.119
not spark joy in our lives. Well, then all your

00:49:19.119 --> 00:49:23.199
investments will be worthless. Yeah. And at that

00:49:23.199 --> 00:49:26.239
point, gold, silver, and brass will be your best

00:49:26.239 --> 00:49:31.360
investments. Oh, yeah. And lead. Oh, I'm good.

00:49:31.699 --> 00:49:35.199
I'm good. And food and land. I'm good. I got

00:49:35.199 --> 00:49:40.539
a greenhouse. Yeah. Which, you know, in a previous

00:49:40.539 --> 00:49:42.820
episode, we talked about the importance of being

00:49:42.820 --> 00:49:45.099
self -sufficient and learning skills you don't

00:49:45.099 --> 00:49:47.000
have and obtaining information on said skills.

00:49:47.679 --> 00:49:50.559
Still going to push that. Definitely important.

00:49:51.840 --> 00:49:55.239
Talking about all this only reinforces the point

00:49:55.239 --> 00:49:58.219
of, like, get your shit together. Make sure you

00:49:58.219 --> 00:50:00.190
can handle shit. Yeah. Make sure you take care

00:50:00.190 --> 00:50:04.309
of shit. Like, yeah, that's all I will say without

00:50:04.309 --> 00:50:06.849
breaking any terms or conditions of Twitch or

00:50:06.849 --> 00:50:09.389
YouTube or anywhere else. But like, yep, do what

00:50:09.389 --> 00:50:11.070
you can to protect yourself and your family and

00:50:11.070 --> 00:50:17.150
have plans. Yeah, it is nuts. What could happen?

00:50:17.849 --> 00:50:19.829
If you want to look at what can happen, just

00:50:19.829 --> 00:50:24.090
research basically the monetary history of Venezuela

00:50:24.090 --> 00:50:26.369
and look at what happened during the height of

00:50:26.369 --> 00:50:31.150
the crisis. Yeah. I'll give you a little spoiler.

00:50:31.469 --> 00:50:36.809
They used to have a really nice zoo. Yeah, that

00:50:36.809 --> 00:50:40.570
became a buffet. The old Venezuelan meat market.

00:50:42.849 --> 00:50:46.409
Why does my tiger taste like zebra? I don't know.

00:50:46.570 --> 00:50:54.449
I know I did this during the pre -show, but since

00:50:54.449 --> 00:50:57.739
we're actually recording now. I'll take a moment

00:50:57.739 --> 00:51:00.199
to introduce the newest member of the Now We

00:51:00.199 --> 00:51:08.719
Consume family. This here is Lilith. No, my phone

00:51:08.719 --> 00:51:16.639
does not need to know this. Lilith is a Stafford...

00:51:16.639 --> 00:51:20.820
Staffordfordshire? I can never pronounce it right.

00:51:21.179 --> 00:51:25.219
Staffie. Yes. You gonna say hi? Yeah, you sniffing

00:51:25.219 --> 00:51:32.099
that? She is eight weeks old. Very much a thrilling

00:51:32.099 --> 00:51:40.139
and joyful bundle of energy. But yeah, this is

00:51:40.139 --> 00:51:51.659
Lilith. How old is she? Eight weeks. Can't be

00:51:51.659 --> 00:51:54.949
a big dog. She's going to be a big dog. These

00:51:54.949 --> 00:51:56.909
paws are ginormous. Yeah, I was going to say,

00:51:56.929 --> 00:51:58.309
for eight weeks, the more I look at it, like,

00:51:58.329 --> 00:52:05.230
yeesh. Yeah, not a pit bull breed. A lot of people

00:52:05.230 --> 00:52:07.889
confuse these with pity breeds. Well, no, because

00:52:07.889 --> 00:52:12.349
she has a longer face. Yeah, but they get a bad

00:52:12.349 --> 00:52:14.449
rap. Well, it's because a lot of people don't

00:52:14.449 --> 00:52:19.650
know how to train their dogs, though. Yeah. Very

00:52:19.650 --> 00:52:21.670
rarely is it ever a bad dog. It's usually a bad

00:52:21.670 --> 00:52:25.139
owner. It's always a bad owner, a bad upbringing.

00:52:25.780 --> 00:52:27.880
The only reason I will never say only is because

00:52:27.880 --> 00:52:32.179
I have met a couple of dogs that, like... Just

00:52:32.179 --> 00:52:35.639
snapped. Just mentally were just not there. Yeah.

00:52:35.900 --> 00:52:38.099
But 99 % of the time, you're right. It is...

00:52:38.099 --> 00:52:45.539
It is a bad owner. Okay. On a side note, I just

00:52:45.539 --> 00:52:49.420
found out the amount here, by the way. Our current

00:52:49.420 --> 00:52:54.300
U .S. trade deficit is $1 .3 trillion. That's

00:52:54.300 --> 00:52:57.199
gross. All I'm saying, reciprocal tariffs and

00:52:57.199 --> 00:53:01.380
do what we're talking about. It's it. Buddy,

00:53:01.500 --> 00:53:04.579
we we're done. We got to start watching our backs.

00:53:04.679 --> 00:53:08.340
OK, we we have sold the energy crisis. We have

00:53:08.340 --> 00:53:12.340
solved the retirement and financial issues. And

00:53:12.340 --> 00:53:15.360
now we just fixed the tax issue. Yeah, we are

00:53:15.360 --> 00:53:17.280
three for three. We got to start watching our

00:53:17.280 --> 00:53:20.780
backs. Trump put me on retainer. Right. You know,

00:53:20.940 --> 00:53:24.659
I am more than happy to be an advisor. You know,

00:53:24.699 --> 00:53:28.679
just tell me. Just call me up. Because you clearly

00:53:28.679 --> 00:53:30.059
have my number. Well, you're the government.

00:53:30.159 --> 00:53:32.639
You can get it anyway. Who am I kidding? You

00:53:32.639 --> 00:53:39.480
can't hide shit. No. And I work for them. Sort

00:53:39.480 --> 00:53:45.480
of. In association. Yes. In association with.

00:53:45.559 --> 00:53:46.840
You touch tips with the government, you know.

00:53:47.239 --> 00:53:51.960
I touch all their tips. Ew. Lovingly, slowly,

00:53:52.059 --> 00:53:54.260
and with some saxophone music playing in the

00:53:54.260 --> 00:54:01.019
background. Every day. You know, if I could divulge

00:54:01.019 --> 00:54:04.400
personal comments on the... Why don't I just

00:54:04.400 --> 00:54:07.219
picture you in your office, just with the saxophone,

00:54:07.239 --> 00:54:16.659
the... Oh, yeah. Mm -hmm. Yep. That's not solder.

00:54:19.159 --> 00:54:27.820
No, that is solder. That's not flux. Oh, man.

00:54:28.019 --> 00:54:30.239
What's all this white crusty stuff around the

00:54:30.239 --> 00:54:37.539
solder? That is flux. It's my own special blend.

00:54:38.659 --> 00:54:41.039
Only one man can jam the government from the

00:54:41.039 --> 00:54:45.599
inside. I'll start calling him Lone Star. That

00:54:45.599 --> 00:54:47.460
is a Spaceballs reference if you don't get that

00:54:47.460 --> 00:54:50.800
one. Oh, yes it is. When are they going to make

00:54:50.800 --> 00:54:52.659
a sequel to that? That was such a good movie.

00:54:52.900 --> 00:54:55.539
I don't know. I'm afraid of sequels these days.

00:54:55.800 --> 00:54:58.460
They all suck. I do want to do an episode on

00:54:58.460 --> 00:55:02.699
the collapse of the movie industry. Oh, there

00:55:02.699 --> 00:55:05.800
we go. Let's write that down on the old analog

00:55:05.800 --> 00:55:09.139
episode tracker. Particularly science fiction.

00:55:10.300 --> 00:55:12.059
Because I know you and I are both sci -fi guys.

00:55:12.119 --> 00:55:14.719
I watch everything. Except chick flicks. I fucking

00:55:14.719 --> 00:55:19.300
hate that. Or anything that's on Hallmark. Hold

00:55:19.300 --> 00:55:28.369
on. Yeah. Rom -com upload. You loved it. It qualifies

00:55:28.369 --> 00:55:29.469
as a rom -com. Yeah, but that's not like a chick

00:55:29.469 --> 00:55:31.630
flick. Like, I'm talking like the Hallmark. Oh,

00:55:31.630 --> 00:55:35.050
yeah, no. Oh, yeah. Yeah, yeah, yeah. Okay, okay.

00:55:35.130 --> 00:55:37.349
I'll be real. I'll be real. I am one of those

00:55:37.349 --> 00:55:40.369
people that I cannot be in the same room as a

00:55:40.369 --> 00:55:42.409
Hallmark movie because it angers me. Because

00:55:42.409 --> 00:55:44.409
what's the fucking point of watching a movie

00:55:44.409 --> 00:55:46.889
when you already know the end every single time?

00:55:48.449 --> 00:55:50.409
Yeah. You know, there are people out there that

00:55:50.409 --> 00:55:54.309
don't. It's brain rot for older people. That's

00:55:54.309 --> 00:55:56.050
like an us thing. That's... Oh, it is. That's

00:55:56.050 --> 00:55:59.650
a... That's a tism thing. Dude, all Hallmark

00:55:59.650 --> 00:56:02.530
is is brain rot for older people. Hallmark is

00:56:02.530 --> 00:56:05.269
to older people is what TikTok is to me. Like,

00:56:05.269 --> 00:56:10.289
I don't have to tell you. Yeah. It just angers

00:56:10.289 --> 00:56:16.590
me. I could not imagine. I feel like it's honestly,

00:56:16.989 --> 00:56:18.989
we are probably three years away from everything

00:56:18.989 --> 00:56:20.889
from Hallmark ever makes being totally AI generated.

00:56:23.030 --> 00:56:25.739
We're three to five years away from being. 90

00:56:25.739 --> 00:56:29.699
% of all content being AI generated. If not all

00:56:29.699 --> 00:56:33.280
life. What? The singularity is still right around

00:56:33.280 --> 00:56:34.940
the corner, man. You know what's an interesting...

00:56:34.940 --> 00:56:36.800
We talked about this. An interesting thought

00:56:36.800 --> 00:56:40.380
that... That episode did not get shit for listens.

00:56:40.679 --> 00:56:46.500
I know. That pissed me off. Let me... A small

00:56:46.500 --> 00:56:48.199
aside, but I'm going to bring this back into

00:56:48.199 --> 00:56:51.659
the original topic here. So Americans... Sorry,

00:56:51.860 --> 00:56:54.679
just Americans, but humans in general. We all...

00:56:55.099 --> 00:56:57.219
are socialized because of shared experiences.

00:56:58.179 --> 00:56:59.599
Because we all have something to talk about.

00:56:59.679 --> 00:57:01.579
There's something shared between us all. What

00:57:01.579 --> 00:57:04.219
happens when everybody gets to watch their own

00:57:04.219 --> 00:57:11.019
AI personalized movies, infotainment, news, games,

00:57:11.320 --> 00:57:13.360
where you're always the main character and it

00:57:13.360 --> 00:57:14.960
always does something different every time for

00:57:14.960 --> 00:57:18.739
every person? There's no shared experience. I

00:57:18.739 --> 00:57:22.260
can tell you what happens. Two things. One, WALL

00:57:22.260 --> 00:57:30.190
-E. Two, Roy from Rick and Morty. Yes. Yes. You

00:57:30.190 --> 00:57:32.030
are going to go do an AI thing where you live

00:57:32.030 --> 00:57:35.230
an entire life. And you're going to get a high

00:57:35.230 --> 00:57:38.969
score or a terrible score. And then you're going

00:57:38.969 --> 00:57:42.809
to walk away being very confused. And that's

00:57:42.809 --> 00:57:45.769
it. That's your merry -go -round. And that will

00:57:45.769 --> 00:57:47.809
be it. Honestly, we are quickly becoming a Hotel

00:57:47.809 --> 00:57:51.929
California country. Uh -huh. Check out whenever

00:57:51.929 --> 00:57:56.079
you want, but you can never leave. Yes. Oh, man.

00:57:56.320 --> 00:57:59.539
And then you get the upload option, and you actually

00:57:59.539 --> 00:58:03.619
never do have to leave. But then you're not you.

00:58:06.059 --> 00:58:09.099
Or are you? You guys have to watch that episode

00:58:09.099 --> 00:58:10.659
for all that, because we discussed it for like

00:58:10.659 --> 00:58:13.800
two hours. The digital afterlife episode. That

00:58:13.800 --> 00:58:16.019
was a good one. I enjoyed that. That was a great

00:58:16.019 --> 00:58:20.500
one. But I guess now, I guess really to kind

00:58:20.500 --> 00:58:24.679
of sum up today, I mean. I thought this episode

00:58:24.679 --> 00:58:26.539
was going to go way longer. No, I kind of figured

00:58:26.539 --> 00:58:29.880
this is going to be pretty quick. Okay. This

00:58:29.880 --> 00:58:31.119
is something I really just wanted to discuss

00:58:31.119 --> 00:58:32.800
and I want to hear from the audience and I want

00:58:32.800 --> 00:58:36.980
to hear from people. Do you think we're on to

00:58:36.980 --> 00:58:40.099
something here? Because the numbers that I have

00:58:40.099 --> 00:58:44.260
looked at and looked up, basically from my conclusion

00:58:44.260 --> 00:58:50.639
here, is if we do a 10 % income tax. An import

00:58:50.639 --> 00:58:56.320
tariff of 30 % and a 5 % consumption tax. Everything's

00:58:56.320 --> 00:58:59.980
paid for. We're there. Yet we have to do some

00:58:59.980 --> 00:59:02.900
cuts. But wait a minute. But I mean, the Doge

00:59:02.900 --> 00:59:05.920
office is already on that. And we're still already

00:59:05.920 --> 00:59:09.539
behind $1 .3 trillion in trade deficit. We fixed

00:59:09.539 --> 00:59:14.500
that as well. All of a sudden now, we're in the

00:59:14.500 --> 00:59:17.320
black. We're in the black. We're good. And you

00:59:17.320 --> 00:59:18.900
know what the crazy thing is? None of y 'all

00:59:18.900 --> 00:59:20.679
at home have to spend another dime to do it.

00:59:23.460 --> 00:59:26.019
That's the biggest takeaway. Doing what we're

00:59:26.019 --> 00:59:29.280
saying doesn't affect the wallets negatively

00:59:29.280 --> 00:59:33.280
of any of the average Americans. It's actually

00:59:33.280 --> 00:59:35.599
a net positive. The only thing that would slightly

00:59:35.599 --> 00:59:37.559
have to change a little bit is I feel like you

00:59:37.559 --> 00:59:39.000
should not have to pay taxes if you're collecting

00:59:39.000 --> 00:59:41.400
on Social Security, because why would you pay

00:59:41.400 --> 00:59:43.280
taxes on income that you already paid into a

00:59:43.280 --> 00:59:46.199
system for? So I feel like that revenue will

00:59:46.199 --> 00:59:48.250
go down a little bit. But we could compensate

00:59:48.250 --> 00:59:51.989
for that. But besides that, like, and if we instituted

00:59:51.989 --> 00:59:56.369
the changes that we're talking about, social

00:59:56.369 --> 00:59:59.329
security would never be an issue. So I'm just

00:59:59.329 --> 01:00:02.250
saying, I'm just saying, maybe this podcast is

01:00:02.250 --> 01:00:04.369
somehow found by somebody in an administration

01:00:04.369 --> 01:00:07.630
at some point, and they go, holy shit, these

01:00:07.630 --> 01:00:11.829
two morons have figured out the entirety of how

01:00:11.829 --> 01:00:14.369
to fix all this. You know what we need to do?

01:00:14.429 --> 01:00:17.389
I don't know. We need to get... Some kind of

01:00:17.389 --> 01:00:20.929
a flyer made up with a QR code that links to

01:00:20.929 --> 01:00:25.429
our episode and take it to DC and just post it

01:00:25.429 --> 01:00:28.070
up around. Don't even tell them. Maybe not a

01:00:28.070 --> 01:00:30.210
QR code because people are worried about those

01:00:30.210 --> 01:00:33.869
now because they're weird. But just some stickers

01:00:33.869 --> 01:00:37.130
or something. What if we just make a website

01:00:37.130 --> 01:00:40.090
that links to parts of our podcast in a quick

01:00:40.090 --> 01:00:42.230
short form that basically explains everything

01:00:42.230 --> 01:00:44.869
we're talking about? Maybe some short form videos.

01:00:48.489 --> 01:00:55.909
Some reels or something. I'm sorry I work 60

01:00:55.909 --> 01:00:59.989
hours a week. I apologize. Where are my reels,

01:00:59.989 --> 01:01:07.230
Gibbs? I don't know, Nancy. I have to get on

01:01:07.230 --> 01:01:10.469
that. That's not even me joking. I've been slacking.

01:01:13.989 --> 01:01:16.309
I have to learn how to do it on my phone. I think

01:01:16.309 --> 01:01:18.679
that's half my problem, too. It's like learning

01:01:18.679 --> 01:01:21.320
how to do the TikTok editing. We've had some

01:01:21.320 --> 01:01:25.360
very enlightening episodes, and I would love

01:01:25.360 --> 01:01:28.639
to get a few of our snippets in front of some

01:01:28.639 --> 01:01:33.260
eyes of people that have eyes on them, you know.

01:01:35.800 --> 01:01:38.639
It's okay, Oside. It's all good. Basically, long

01:01:38.639 --> 01:01:40.440
story short, feel free to rewind, but we fixed

01:01:40.440 --> 01:01:43.099
the economy. You're welcome. Yep, we did it.

01:01:43.500 --> 01:01:45.500
We did it. We did it, Joe. We have fixed energy.

01:01:45.599 --> 01:01:47.519
We have fixed finances. We fixed the economy

01:01:47.519 --> 01:01:52.099
now. You know what's crazy? We are as a pair

01:01:52.099 --> 01:01:55.059
preventing idiocracy. I have an idea. Do you

01:01:55.059 --> 01:01:56.659
want to do an episode of what we would do if

01:01:56.659 --> 01:01:59.500
either one of us was the president? And we could

01:01:59.500 --> 01:02:01.599
put all these ideas and see what the country

01:02:01.599 --> 01:02:05.500
would look like with our rules. Just saying.

01:02:06.159 --> 01:02:13.409
We could do that. Just saying. Oh, hey. That

01:02:13.409 --> 01:02:19.030
one episode I was talking about. Oh yeah. We've

01:02:19.030 --> 01:02:26.690
got an episode in the, in the mix that we're

01:02:26.690 --> 01:02:28.630
going to have some fun with that. Hopefully you

01:02:28.630 --> 01:02:32.809
guys like it's, it's going to be a fun episode,

01:02:32.909 --> 01:02:36.989
not necessarily a super informative episode,

01:02:37.090 --> 01:02:40.269
but hopefully it'll make you guys think it's,

01:02:40.269 --> 01:02:44.239
it's probably. Five or so episodes out because

01:02:44.239 --> 01:02:45.940
it's going to take some planning to get it right.

01:02:47.079 --> 01:02:49.699
But that's how much work we're going to put into

01:02:49.699 --> 01:02:53.559
that one. So. Really hope you guys like that

01:02:53.559 --> 01:02:56.679
one. I think what we've noticed is we're doing

01:02:56.679 --> 01:02:58.599
a little bit less of winging it a little bit

01:02:58.599 --> 01:03:03.420
more like research discussion planning. As it

01:03:03.420 --> 01:03:05.820
just helps, you know, helps us kind of keep on

01:03:05.820 --> 01:03:11.750
track. Yeah. Also going to try to do a group

01:03:11.750 --> 01:03:16.630
on the Facebooks and see if we can get some outreach

01:03:16.630 --> 01:03:20.969
there. Need to come up with a name for it. We

01:03:20.969 --> 01:03:23.429
were joking around with Consumption Junction

01:03:23.429 --> 01:03:27.110
or something like that. Didn't really tickle

01:03:27.110 --> 01:03:30.110
the pickle or massage the weenus, I think is

01:03:30.110 --> 01:03:36.070
what you said. So we're open to taking some names.

01:03:37.839 --> 01:03:39.900
If you want to hop on the Discord, if you're

01:03:39.900 --> 01:03:42.059
not there already. Oh yeah, definitely join the

01:03:42.059 --> 01:03:46.599
Discord. But yeah, between the Discord and that

01:03:46.599 --> 01:03:49.760
group on Facebook, I would like those to be two

01:03:49.760 --> 01:03:52.639
of the primary means of interacting with us.

01:03:52.820 --> 01:03:54.480
I do want to try, I'll say this on the podcast

01:03:54.480 --> 01:03:56.659
as well, now that I'll have some money this week,

01:03:56.699 --> 01:03:58.639
because I got done spending $2 ,000 working on

01:03:58.639 --> 01:04:04.619
my truck. I would like to subscribe to one of

01:04:04.619 --> 01:04:07.440
those AI programs. That edits and takes snippets

01:04:07.440 --> 01:04:09.639
and does clips and everything just to see how

01:04:09.639 --> 01:04:12.360
well it works. And I see a lot of other podcasts

01:04:12.360 --> 01:04:14.679
using those. And I just want to be like, yeah,

01:04:14.780 --> 01:04:17.280
we talk about AI so much in this podcast. Like,

01:04:17.280 --> 01:04:19.360
let's start investing. Let's start seeing how

01:04:19.360 --> 01:04:23.179
well it works. Let's do it. Oh, also, can we

01:04:23.179 --> 01:04:26.440
ask? I did want to ask, too. We had some suggestions

01:04:26.440 --> 01:04:28.179
from people asking about if we should have like

01:04:28.179 --> 01:04:30.699
background music and stuff. And some other things.

01:04:31.460 --> 01:04:34.000
Yeah, we're probably going to throw some of that

01:04:34.000 --> 01:04:39.719
into the audio for this on the uploads. We'll

01:04:39.719 --> 01:04:41.699
probably do two different uploads. Do you want

01:04:41.699 --> 01:04:45.400
to do one with and one without? We'll do the

01:04:45.400 --> 01:04:49.219
video without. And then the audio, if you're

01:04:49.219 --> 01:04:51.980
listening to this on Spotify or one of the other

01:04:51.980 --> 01:04:55.300
audio only, you may have been listening to a

01:04:55.300 --> 01:05:01.000
background music. If you liked that, let us know.

01:05:02.559 --> 01:05:04.480
We'll try it on a couple of episodes and see

01:05:04.480 --> 01:05:06.739
what kind of feedback we get. Yeah, definitely

01:05:06.739 --> 01:05:08.599
let me know because I don't know if we're using

01:05:08.599 --> 01:05:11.199
my music or if we're using other music. We've

01:05:11.199 --> 01:05:12.800
got to figure out. I think we're going to start

01:05:12.800 --> 01:05:14.880
and just use your stuff. Okay, cool. So the music

01:05:14.880 --> 01:05:19.840
you hear will be composed, produced, directed

01:05:19.840 --> 01:05:26.579
by, written by Gibbs. So he is a musical beast.

01:05:28.349 --> 01:05:30.670
He plays most of the instruments with his penis,

01:05:30.809 --> 01:05:34.349
so just be aware of that. There would be so much

01:05:34.349 --> 01:05:38.309
blood if I played guitar with that thing. Where

01:05:38.309 --> 01:05:40.230
do you think they come up with the definition

01:05:40.230 --> 01:05:47.710
of shredding? Oh, it's like a $3 ,000 cheese

01:05:47.710 --> 01:05:54.449
grater. Oh, man. God, if I actually could, honestly,

01:05:54.550 --> 01:05:55.949
I could make a lot of money in a strip club if

01:05:55.949 --> 01:05:59.250
I could do that. Right? I'd be the only person

01:05:59.250 --> 01:06:03.269
performing there with the clothes still on. I'm

01:06:03.269 --> 01:06:05.550
like, no, leave that on, sir. We're just here

01:06:05.550 --> 01:06:07.110
for the piece that plays the guitar. That's fine.

01:06:08.250 --> 01:06:12.090
You know, we could show up as a pair. You with

01:06:12.090 --> 01:06:16.230
the guitar, me with a missile. Instead of Ride

01:06:16.230 --> 01:06:17.829
the Lightning, we should have sung Ride the Missile.

01:06:20.110 --> 01:06:23.510
Save a horse, ride a missile. I don't know. Let's

01:06:23.510 --> 01:06:29.929
do cover songs. Oh, man. That would be... Maybe

01:06:29.929 --> 01:06:32.289
that should be my album for the podcast. It's

01:06:32.289 --> 01:06:36.570
just... I have an idea. I'm going to AI bot that

01:06:36.570 --> 01:06:40.909
later. I'm going to AI that. Yes. Save a horse,

01:06:41.050 --> 01:06:44.449
ride a missile. There you go. I wonder if I can...

01:06:44.449 --> 01:06:48.190
I'll send you a picture. You know, once I get...

01:06:48.190 --> 01:06:50.889
Basically, long story short, once I get... an

01:06:50.889 --> 01:06:52.570
electronic drum kit for up here. Cause I hate

01:06:52.570 --> 01:06:54.369
programming drums. It takes forever. Like I can

01:06:54.369 --> 01:06:56.530
do it, but it sucks. Oh yeah. I do want to start

01:06:56.530 --> 01:06:58.650
doing parody songs. Cause I've been really wanting

01:06:58.650 --> 01:07:01.650
to do that for a while. Absolutely. Hell I've,

01:07:01.650 --> 01:07:03.869
I've, I've made a couple. Well, that's something

01:07:03.869 --> 01:07:05.610
I wouldn't be asking our group about because

01:07:05.610 --> 01:07:07.969
there's a few that I like, I still have to do

01:07:07.969 --> 01:07:09.849
a great that I'm going to be five years too late.

01:07:10.170 --> 01:07:12.170
I still have to do the super cruise blues for

01:07:12.170 --> 01:07:16.110
a elite dangerous. I, I, I haven't, that that's

01:07:16.110 --> 01:07:20.130
like number one on the list. Nice. Well, we'll

01:07:20.130 --> 01:07:21.980
do that. Sorry about all the sides today, guys.

01:07:22.000 --> 01:07:26.119
I'm all over the place. Our brain cells are out

01:07:26.119 --> 01:07:31.000
at the bonfire tonight, so it's cool. Noodles

01:07:31.000 --> 01:07:37.239
and dips. That's been my day. Yes. That's been

01:07:37.239 --> 01:07:39.719
a day. I think it's because of the pain meds.

01:07:39.719 --> 01:07:43.159
That's what I think. That's my problem. Oh, yeah.

01:07:43.920 --> 01:07:46.519
Like I said, if they don't work, just shove them

01:07:46.519 --> 01:07:48.920
up your butt. Go Third Avenue. You'll get all

01:07:48.920 --> 01:07:56.639
the benefits. It's like a butt bong for beer.

01:07:57.420 --> 01:08:01.079
Have you ever done one of those? No. Okay. Because

01:08:01.079 --> 01:08:05.880
I would be concerned if you did. I have considered

01:08:05.880 --> 01:08:13.739
butt caffeine, though. Why? I wanted to try it.

01:08:14.260 --> 01:08:15.940
I was going to say, I've known you on a couple

01:08:15.940 --> 01:08:17.439
of beers and you're a handful. So if you took

01:08:17.439 --> 01:08:18.939
that straight to the ass, I would be concerned.

01:08:23.280 --> 01:08:29.279
Yeah. If you start a butt chugging, we'd have

01:08:29.279 --> 01:08:34.399
to lock you in a cage. Half a syringe of whiskey

01:08:34.399 --> 01:08:38.020
straight up Third Avenue. I would be a completely

01:08:38.020 --> 01:08:43.939
different person. Oh, God. The problem is I'd

01:08:43.939 --> 01:08:50.489
be getting... Tax this dick. The things I would

01:08:50.489 --> 01:08:54.449
say I cannot say in this podcast. Oh, no, probably

01:08:54.449 --> 01:09:01.909
not. I mean, it's better than trying to do like

01:09:01.909 --> 01:09:04.529
zins in your foreskin and up your butt or something

01:09:04.529 --> 01:09:12.170
like that. I'm out. No, you're fucking with me.

01:09:12.390 --> 01:09:16.630
No, they don't do that. No, I refuse to believe

01:09:16.630 --> 01:09:20.710
it. No. So join us on the socials and you'll

01:09:20.710 --> 01:09:24.890
join in the discussions here. No, I refuse to

01:09:24.890 --> 01:09:26.729
believe they do that. I'm not accepting the reality.

01:09:27.289 --> 01:09:31.810
No, there's no way. Gen Alpha, Gen and Gen Z,

01:09:31.869 --> 01:09:41.710
buddy. I, you know. Back in my day, they used

01:09:41.710 --> 01:09:44.010
to take tampons soaked with vodka and shove them

01:09:44.010 --> 01:09:47.109
up places. Now they're doing zins under their

01:09:47.109 --> 01:09:55.829
foreskin. Ah. Yeah. Does it create a rash? I

01:09:55.829 --> 01:09:58.770
don't know what it creates because I don't do

01:09:58.770 --> 01:10:01.329
anything like that. Like, wouldn't that fucking

01:10:01.329 --> 01:10:06.590
burn or something? Again, I have no idea. I have

01:10:06.590 --> 01:10:12.020
so many questions. Well, there's a hub. There's

01:10:12.020 --> 01:10:14.180
a repository hub where you can find out those

01:10:14.180 --> 01:10:16.560
answers. I'm not going there. I don't want to

01:10:16.560 --> 01:10:17.880
be associated with those people. I don't want

01:10:17.880 --> 01:10:20.260
to be on that kind of list. I'm on enough lists

01:10:20.260 --> 01:10:28.180
as it is. Right. But I don't even know. But yeah,

01:10:28.220 --> 01:10:31.560
I just want to do a quick shout out to chat.

01:10:31.619 --> 01:10:33.100
If you guys have any questions, comments, concerns

01:10:33.100 --> 01:10:37.479
about this episode, any notes. Any discussion

01:10:37.479 --> 01:10:39.039
about... Oh, I'm sure there's a lot of concerns

01:10:39.039 --> 01:10:40.859
about this episode with me. Well, that's a relative

01:10:40.859 --> 01:10:45.399
term with us. I mean, concerns is the topic at

01:10:45.399 --> 01:10:50.560
hand, not to... Oh, we're allowing that. Oh,

01:10:50.699 --> 01:10:54.960
Jesus, I'm not even... Gibbs Special Treatment

01:10:54.960 --> 01:10:58.479
Care, the foreskin delivery service. Hells yes.

01:10:58.539 --> 01:11:03.500
No, God no. No, no, no, no, no. Hey, then you

01:11:03.500 --> 01:11:05.119
can get some of that special cream made out of

01:11:05.119 --> 01:11:09.430
foreskins. You know, I still can't believe that's

01:11:09.430 --> 01:11:13.670
a thing. I know. I can't believe Steve Harvey

01:11:13.670 --> 01:11:17.670
put it on his hands on national TV. You know...

01:11:17.670 --> 01:11:20.170
That was hilarious. Every time I think a conspiracy

01:11:20.170 --> 01:11:23.710
theorist is wrong, like, or a quote -unquote

01:11:23.710 --> 01:11:25.729
conspiracy theorist, it's like, man, just wait

01:11:25.729 --> 01:11:28.029
long enough. They're fucking right. Like, I hate

01:11:28.029 --> 01:11:30.130
to say it. I'm tired of them putting the chemicals

01:11:30.130 --> 01:11:32.050
in the water and turning the frickin' frogs gay!

01:11:32.310 --> 01:11:33.609
Honestly, that's a pretty good Alex Jones. I'll

01:11:33.609 --> 01:11:38.770
give you a solid 8 out of 10. And then, you know,

01:11:38.869 --> 01:11:44.390
he was proven right. Yeah. Atrazine in the water

01:11:44.390 --> 01:11:46.989
makes the frogs, you know. It's crazy that he

01:11:46.989 --> 01:11:48.609
was right about Epstein's Island back in the

01:11:48.609 --> 01:11:51.890
90s. It's crazy he was wrong about anything.

01:11:53.229 --> 01:11:58.329
The only thing is the whole Sandy Hook really

01:11:58.329 --> 01:12:01.960
got him. Yep. That's where he did. That's right.

01:12:02.079 --> 01:12:04.739
Okay. I have, I have lost a puppy, so we're going

01:12:04.739 --> 01:12:06.840
to have to wrap this up. Okey dokey. No problem.

01:12:09.479 --> 01:12:13.220
She, she has wandered out of the room. So, so

01:12:13.220 --> 01:12:15.439
join us on the socials. Thank you for hanging

01:12:15.439 --> 01:12:19.260
out with us tonight. Discord. Look for the group.

01:12:19.340 --> 01:12:22.479
If you're following us at all, though, there'll

01:12:22.479 --> 01:12:26.420
be an invite link. There will probably be a password.

01:12:28.220 --> 01:12:30.300
It will be blasted on our socials so that you

01:12:30.300 --> 01:12:32.579
can get it. We'll probably put it in the Discord,

01:12:32.779 --> 01:12:34.800
so join the Discord so you can get the password.

01:12:35.539 --> 01:12:37.800
Absolutely. Join us on Discord, TikTok, Instagram,

01:12:38.020 --> 01:12:40.539
all the usual socials. Feel free to interact.

01:12:40.640 --> 01:12:42.739
Right, because there's so many videos on our

01:12:42.739 --> 01:12:47.939
TikTok page. Right, Gibbs? I'm sensing some hostility

01:12:47.939 --> 01:12:54.579
here. You know, I'll figure it out. It's fine.

01:12:54.800 --> 01:12:57.060
It's fine. It's fine. Fuck you, but it's fine.

01:12:57.239 --> 01:13:00.159
It's fine. It's fine. It's okay. Love you, buddy.

01:13:00.260 --> 01:13:02.279
I'm sorry some of us don't get out of work at

01:13:02.279 --> 01:13:06.220
like 3 in the afternoon. I'm sorry. 2 .30. Go

01:13:06.220 --> 01:13:10.359
fuck yourself, honestly. I'm not home until 6

01:13:10.359 --> 01:13:14.140
or 6 .30. Are you kidding me? Yeah, I'm usually

01:13:14.140 --> 01:13:20.279
tired by 6 .30. Because I've been working at

01:13:20.279 --> 01:13:26.869
home for three hours. fucking first world problems

01:13:26.869 --> 01:13:31.829
jesus christ i know right i'm home by 3 15 most

01:13:31.829 --> 01:13:37.829
days you know but i start work at 6 30 so you

01:13:37.829 --> 01:13:41.630
know i remember when i used to start work at

01:13:41.630 --> 01:13:44.270
5 30 i didn't get home till 5 30 that fucking

01:13:44.270 --> 01:13:48.649
sucked i i remember working 12s okay so well

01:13:48.649 --> 01:13:52.289
man Unless you get a four -day warning, then

01:13:52.289 --> 01:13:58.350
that's worth it. No, it was usually six. It was

01:13:58.350 --> 01:14:04.729
gross. Sounded like a really good date. So, on

01:14:04.729 --> 01:14:07.890
that note, we love you guys. Thank you for joining

01:14:07.890 --> 01:14:11.050
us. And we'll catch you on the next one.