WEBVTT - Does the Billionaire Tax Have a Secret Clause? 0:00:00.240 --> 0:00:03.200 And we continue at one oh five in the afternoon 0:00:03.240 --> 0:00:06.440 on the John Phillips Show, Mister Randy Wings in Culver City. 0:00:06.760 --> 0:00:09.560 John, we are truly living in the future. The DMV 0:00:09.680 --> 0:00:13.800 has just authorized changes. The cops can now give traffic 0:00:13.840 --> 0:00:16.360 tickets to weaymos. 0:00:17.280 --> 0:00:21.480 Wait, how do you give a traffic ticket to someone 0:00:21.560 --> 0:00:22.640 who doesn't exist? 0:00:23.520 --> 0:00:26.600 Good question. I guess they call the company and send 0:00:26.640 --> 0:00:27.880 them a ticket through email. 0:00:29.200 --> 0:00:30.880 What if the weaimo's drunk. 0:00:32.720 --> 0:00:35.479 Well, if you put some of that ethanol in there, 0:00:35.520 --> 0:00:36.400 it would be drunk. 0:00:37.640 --> 0:00:40.160 Maybe they can play it down to a wet, reckless 0:00:44.200 --> 0:00:46.880 eight hundred two two two five two two two is 0:00:46.920 --> 0:00:49.680 a telephone number one eight hundred two to two two 0:00:49.720 --> 0:00:52.760 five two two two. Well, we know that the greedy 0:00:52.960 --> 0:00:58.280 SCIU wants a wealth confiscation tax on the ballot this November, 0:00:58.760 --> 0:01:03.240 targeting billionaires because they know the states broke and they're 0:01:03.280 --> 0:01:06.759 trying to grab as much cash as possible while it's available. 0:01:07.840 --> 0:01:11.039 Since they announced that they were pursuing this, over a 0:01:11.080 --> 0:01:14.600 trillion dollars in wealth has already left the state of California. 0:01:15.640 --> 0:01:19.160 And as we learn more about this initiative, an initiative 0:01:19.200 --> 0:01:21.880 by the way, where they say they have the required 0:01:21.959 --> 0:01:25.640 number of signatures to qualify for the ballot. Randy, there 0:01:25.680 --> 0:01:28.800 are even more disturbing details than we initially thought. 0:01:29.280 --> 0:01:33.040 A business group that opposes the billionaire tax has read 0:01:33.080 --> 0:01:38.160 the language of this thirty five page proposition, and inside 0:01:38.160 --> 0:01:42.760 it apparently is language that would allow the legislature to 0:01:43.319 --> 0:01:47.119 change the terms whenever they want. Like let's say they 0:01:47.160 --> 0:01:50.360 decide they want to make this a millionaire. 0:01:49.920 --> 0:01:55.720 Tax, or they can say, look look at all of 0:01:55.760 --> 0:01:59.720 the people who are millionaires on paper because they bought 0:01:59.720 --> 0:02:02.360 a home in the San Fernando Valley in the nineteen 0:02:02.480 --> 0:02:07.400 eighties and they're paying Prop thirteen taxes on it. Let's 0:02:07.480 --> 0:02:10.080 go get them for unrealized games. 0:02:11.320 --> 0:02:15.520 For more on this, here is kcra three and Ashley 0:02:15.639 --> 0:02:16.760 Zavala go live. 0:02:16.760 --> 0:02:18.960 Look at the state capitol right now. We're supporters of 0:02:19.000 --> 0:02:23.400 the California Billionaires tax say that the proposal is now 0:02:23.440 --> 0:02:26.600 a step closer to possibly going to voters this November. 0:02:26.919 --> 0:02:29.960 That proposal places a one time they say, five percent 0:02:30.080 --> 0:02:33.000 tax on billionaires and their assets to fund. 0:02:32.960 --> 0:02:36.080 Does anybody believe that this is a one time assessment? 0:02:37.680 --> 0:02:41.000 Oh no, no, this is testing the waters to see 0:02:41.000 --> 0:02:43.919 how far they can go. Healthcare programs. 0:02:43.960 --> 0:02:45.880 What a major business group is warning there is a 0:02:45.960 --> 0:02:48.480 hidden piece of this proposal that could expand the tax 0:02:48.520 --> 0:02:51.000 to more people in different ways. Our CACRI and three 0:02:51.040 --> 0:02:53.280 political director Ashes of Alla joins us with what both 0:02:53.320 --> 0:02:53.920 sides are saying. 0:02:53.960 --> 0:02:56.359 Ashley, Yeah, this is a discussion that's happening online right 0:02:56.360 --> 0:02:59.240 now about this piece of the proposal. The California Business 0:02:59.320 --> 0:03:03.120 Roundtable lobbies on behalf of the state's largest businesses. That 0:03:03.160 --> 0:03:06.320 group is warning that buried in the Billionaire's Tax is 0:03:06.360 --> 0:03:09.080 a line that could allow state lawmakers to impose this 0:03:09.200 --> 0:03:14.239 tax beyond billionaires without voter approval. The Billionaire's Tax Proposal 0:03:14.320 --> 0:03:16.639 is thirty two pages long and talks about. 0:03:16.320 --> 0:03:18.960 How why would this need to be thirty two pages 0:03:19.000 --> 0:03:21.280 long unless they're trying to hide stuff in there. 0:03:23.160 --> 0:03:26.200 It's like Judge Judy always used to say, the world 0:03:26.240 --> 0:03:30.600 isn't that complicated. If you make something complicated, it's because 0:03:30.600 --> 0:03:32.239 you're trying to hide something from me. 0:03:32.800 --> 0:03:35.480 The Billionaire's Tax Proposal is thirty two pages long and 0:03:35.560 --> 0:03:37.640 talks about how this whole tax would work. 0:03:38.000 --> 0:03:38.160 Now. 0:03:38.200 --> 0:03:41.000 The group is worried specifically about a section on page 0:03:41.000 --> 0:03:44.040 twenty six that states, quote the Legislature. 0:03:43.600 --> 0:03:45.400 May amend the twenty twenty six. 0:03:45.200 --> 0:03:48.000 Billionaire tax by statute passed in each House of the 0:03:48.080 --> 0:03:51.880 Legislature by roll call vote entered into the journal two 0:03:51.920 --> 0:03:55.680 thirds of the membership concurring if the statute is consistent 0:03:55.760 --> 0:03:58.280 with and furthers the purpose of the twenty twenty six 0:03:58.320 --> 0:03:59.160 billionaires tax. 0:04:00.240 --> 0:04:00.600 Armor. 0:04:00.600 --> 0:04:04.280 The spokesperson for the California Business Roundtable explains the group's 0:04:04.280 --> 0:04:05.880 concern with that it's. 0:04:05.760 --> 0:04:10.240 A massive expansion of the legislature's ability to tax not 0:04:10.360 --> 0:04:14.560 just billionaires. But they can choose to change the tax threshold, 0:04:14.880 --> 0:04:19.000 they can choose to pick different property that gets taxed. 0:04:19.040 --> 0:04:21.440 But what it really does is it gives the legislature the. 0:04:21.400 --> 0:04:26.720 Ability and the power to tax anybody's savings account, retirement accounts. 0:04:26.760 --> 0:04:28.480 It puts all of that path. 0:04:28.560 --> 0:04:31.080 Wait, they're going to tax my savings account, all one 0:04:31.160 --> 0:04:32.719 hundred dollars I have in there. 0:04:33.880 --> 0:04:36.960 Well, and just think about this. If they want to 0:04:37.000 --> 0:04:41.920 get creative, they can tax just about anything. So a 0:04:41.960 --> 0:04:44.960 pension is something you haven't drawn yet. If you're under 0:04:44.960 --> 0:04:47.800 the age of sixty five or under the age of whatever, 0:04:47.839 --> 0:04:49.480 it is that you can start to tap into your 0:04:49.480 --> 0:04:55.360 pension or thank any heart condition. HiT's a little close 0:04:55.400 --> 0:04:58.279 to home, doesn't it. But they could go after that. 0:04:58.560 --> 0:05:02.239 But how about this, And people don't talk about this often, 0:05:02.520 --> 0:05:06.080 but I think we're headed in this direction. Randy, You 0:05:06.160 --> 0:05:10.159 and I like Hilton Honors points. If you really think 0:05:10.200 --> 0:05:12.960 about it, Yeah, if you really think about it, your 0:05:12.960 --> 0:05:17.800 American Airlines advantage miles, your Hilton Honors points, all of 0:05:17.839 --> 0:05:21.640 those programs you have through your credit card or through 0:05:21.920 --> 0:05:26.080 loyalty to a specific brand that's really currency by a 0:05:26.120 --> 0:05:29.680 different name. So if they want to go after that, 0:05:30.240 --> 0:05:32.919 they can go after that too. The sky is the 0:05:32.960 --> 0:05:33.600 limit here. 0:05:34.360 --> 0:05:38.360 If they start going after points, I'm going to Sacramento 0:05:38.440 --> 0:05:39.400 with a torch. 0:05:41.680 --> 0:05:46.479 Power in the legislature after voters if they pass this. 0:05:48.600 --> 0:05:51.320 You know, technically the legislature. 0:05:50.720 --> 0:05:53.240 Can already impose new taxes. 0:05:53.520 --> 0:05:56.279 But the concern here, I guess, is that because voters 0:05:56.520 --> 0:05:59.160 approve it, they could point back to this and make 0:05:59.200 --> 0:06:00.840 it a bit easy to go through that. 0:06:00.800 --> 0:06:01.560 Process as that. 0:06:01.960 --> 0:06:05.320 Yeah, the voters said we could do this, they voted 0:06:05.360 --> 0:06:05.720 for it. 0:06:07.040 --> 0:06:09.520 Yeah, at this point, the framework would have been laid. 0:06:10.680 --> 0:06:13.599 I mean, it's the same nonsense every time the legislature 0:06:13.720 --> 0:06:17.520 defends the gas tax. They point to when the gas 0:06:17.560 --> 0:06:21.560 tax was on the ballot to be repealed in twenty eighteen, 0:06:22.279 --> 0:06:25.240 and it got it did not pass because it was 0:06:25.279 --> 0:06:28.720 titled the Defund Roads and Bridges Act. The legislature can 0:06:28.800 --> 0:06:32.800 say the population likes the gas tax, they voted to 0:06:32.920 --> 0:06:35.400 uphold it, and keep. 0:06:35.240 --> 0:06:37.680 In mind, even though they have a two thirds majority, 0:06:38.839 --> 0:06:42.240 they are not going to go against the will of 0:06:42.279 --> 0:06:46.040 the public too often, particularly in the Assembly where they're 0:06:46.160 --> 0:06:49.560 up for reelection every two years. But we also live 0:06:49.600 --> 0:06:52.880 in a state that has voter imposed term limits. So 0:06:53.000 --> 0:06:54.520 even if you're in the state Senate and you have 0:06:54.520 --> 0:06:57.760 a four year term, after twelve years, you turn into 0:06:57.800 --> 0:06:59.599 a pumpkin. So you're going to want to go back 0:06:59.600 --> 0:07:01.440 and be the of your city. You're going to run 0:07:01.480 --> 0:07:03.880 for Congress, you're going to run for a statewide office. 0:07:04.120 --> 0:07:07.040 You're going to go to your board of supervisors. And 0:07:07.320 --> 0:07:09.960 if you are the author or you were someone who 0:07:10.040 --> 0:07:13.760 voted for something that is politically unpopular, that's going to 0:07:13.800 --> 0:07:18.480 be used against you. So it's really important for voters 0:07:18.720 --> 0:07:21.880 to send a clear message to Sacramento that we don't 0:07:21.880 --> 0:07:22.200 want this. 0:07:23.240 --> 0:07:26.640 How you're interpreting it certainly. And then there it also allows. 0:07:26.440 --> 0:07:30.160 Could the legislature also change where the money goes. I 0:07:30.240 --> 0:07:33.080 wonder because one of the strange things about this tax 0:07:33.200 --> 0:07:35.440 is it would not go to the general fund. The 0:07:35.520 --> 0:07:39.600 money is specifically directed towards the SEIU Healthcare Union that 0:07:39.640 --> 0:07:41.200 put it on the ballot, and some of it to 0:07:41.240 --> 0:07:44.320 the teachers Union. I wonder if that language allows the 0:07:44.400 --> 0:07:48.920 legislature to say, Nope, we're not given SEIU that money. 0:07:49.280 --> 0:07:52.600 Who knows how you're interpreting it, certainly, And then there 0:07:52.680 --> 0:07:56.160 it also allows for certain property that's a tax that's 0:07:56.320 --> 0:07:59.240 you know, protected right now by taxpayers, like Prop thirteen 0:07:59.280 --> 0:08:00.160 and different proper. 0:08:01.000 --> 0:08:03.600 It gives a legislature a workaround on things like Prop 0:08:03.640 --> 0:08:05.200 thirteen where the lege lature can. 0:08:05.120 --> 0:08:07.280 Now it would not be an election if there wasn't 0:08:07.320 --> 0:08:09.280 some way to damage Prop thirteen. 0:08:10.840 --> 0:08:14.160 No, it's funny because I remember this going back to 0:08:14.720 --> 0:08:18.520 my days as an undergraduate at cal State Fullerton. You 0:08:18.640 --> 0:08:21.680 talk to the old timey lefties, the people who were 0:08:21.720 --> 0:08:24.880 around in the nineteen seventies when we had the debate 0:08:24.960 --> 0:08:30.680 over Prop thirteen, and they regard Prop thirteen as original sin. 0:08:32.000 --> 0:08:36.120 They really despise Prop thirteen. They from their point of view, 0:08:36.840 --> 0:08:39.760 the state went to hell or started going to hell 0:08:40.200 --> 0:08:45.760 when Prop thirteen passed. Prop thirteen to them was the 0:08:45.760 --> 0:08:46.800 beginning of the end. 0:08:48.040 --> 0:08:50.640 It gives a legislature a workaround on things like Prop 0:08:50.679 --> 0:08:54.760 thirteen where the legilature can now tax property under the 0:08:54.760 --> 0:08:58.199 wealth tax provisions and they can expand that, which they 0:08:58.240 --> 0:09:01.000 can't do right now because that's constitution protected. But this 0:09:01.600 --> 0:09:04.440 measure would be a workaround on that as well, which 0:09:04.480 --> 0:09:05.800 is also very concerning. 0:09:06.280 --> 0:09:09.360 We can't tax you an increase rate in your property 0:09:09.400 --> 0:09:13.520 taxes because of Prop thirteen, but like you said, they 0:09:13.559 --> 0:09:17.080 can figure out a way to tax your unrealized gains 0:09:17.440 --> 0:09:20.600 in the equity in your home. That is a disaster. 0:09:22.280 --> 0:09:24.440 Oh yeah, and again I know I sound like a 0:09:24.480 --> 0:09:28.040 broken record. That gives them the ability to go after 0:09:28.120 --> 0:09:30.959 any number of things that you're not thinking about right now. 0:09:31.600 --> 0:09:31.800 Now. 0:09:31.920 --> 0:09:34.880 Rereached out to the healthcare union backing and trying to 0:09:34.920 --> 0:09:38.319 get this on the ballot the UHW for comment, It's 0:09:38.400 --> 0:09:39.280 chief of staff Susan. 0:09:39.520 --> 0:09:41.920 What if they go as far is right into your 0:09:41.960 --> 0:09:44.120 wallet and you've got one of those punch cards at 0:09:44.120 --> 0:09:47.000 the sub shop and they're going to tax your tenth 0:09:47.040 --> 0:09:51.640 free sub. They could that's an unrealized gain. 0:09:52.520 --> 0:09:55.679 Now rereached out to the healthcare union backing and trying 0:09:55.720 --> 0:09:59.000 to get this on the ballot. The UHW for comment, 0:09:59.040 --> 0:10:02.160 it's chief of staffs and Jimenez had quote, the California 0:10:02.200 --> 0:10:05.560 Business Roundtable is lying, period, and they are once again 0:10:05.559 --> 0:10:07.719 ignoring the fact that federal healthcare cuts from the Big 0:10:07.720 --> 0:10:11.400 Beautiful Bill are already crushing the businesses they are supposed 0:10:11.400 --> 0:10:14.120 to represent. She goes on to say, as section five 0:10:14.160 --> 0:10:17.400 oh three one zero of the Billionaire's Tax says, any 0:10:17.440 --> 0:10:20.880 amendments cannot change the fundamental purpose of the act, which 0:10:20.880 --> 0:10:23.520 is to impose a one time tax on billionaires. Obviously, 0:10:23.520 --> 0:10:26.280 there are two very different interpretations of this line that's 0:10:26.320 --> 0:10:29.120 in this proposal. It's really to be seen first if 0:10:29.160 --> 0:10:30.000 the steven gets on the. 0:10:29.920 --> 0:10:31.800 Ballot well, and the group says it turned in enough 0:10:32.120 --> 0:10:35.240 signatures for it to qualify for the ballot yesterday, where's 0:10:35.240 --> 0:10:36.000 the update with that. 0:10:36.080 --> 0:10:38.440 Yeah, it'll take some time before we know if that's 0:10:38.440 --> 0:10:41.000 for sure. According to the Secretary of State's website. 0:10:40.679 --> 0:10:44.160 Now we do know the SEIU Healthcare Union says that 0:10:44.240 --> 0:10:46.920 they have nearly double the signatures that they need to 0:10:46.920 --> 0:10:49.280 get this thing on the ballot. But what we do 0:10:49.440 --> 0:10:53.760 know anecdotally from some of our listeners is that anytime 0:10:54.040 --> 0:10:57.360 they've been asked to sign that petition, they have signed 0:10:57.400 --> 0:11:03.200 it with just the best names ever, Harry Chek, he 0:11:03.280 --> 0:11:04.600 loves the billionaire tax. 0:11:07.360 --> 0:11:11.640 Keep in mind also, when you look at this, is 0:11:11.679 --> 0:11:14.960 that you're always lied to. When there's a tax increase 0:11:15.000 --> 0:11:17.320 on the bellet. They always tell you it's temporary, and 0:11:17.360 --> 0:11:20.360 then they make it permanent. And then they go, well, 0:11:20.960 --> 0:11:23.800 you don't want to cut healthcare, do you. You don't 0:11:23.800 --> 0:11:26.199 want to cut education, do you. You don't want to 0:11:26.240 --> 0:11:30.000 cut social services, do you? And if you allow this 0:11:30.120 --> 0:11:34.440 tax to expire, then that's what you're doing. So they 0:11:34.480 --> 0:11:37.600 sell it as a one time thing or a temporary thing, 0:11:38.240 --> 0:11:41.120 and then they go back on their word almost immediately 0:11:41.400 --> 0:11:45.160 and act as if yesterday doesn't exist. And we know, 0:11:45.320 --> 0:11:48.640 because we've caught them doing this. They are already polling 0:11:49.360 --> 0:11:53.640 whether or not it would be politically palatable in California 0:11:54.120 --> 0:11:57.120 to shift it from billionaires to millionaires. And we know 0:11:57.200 --> 0:11:59.520 this because one of the ways that polling is done 0:11:59.600 --> 0:12:02.679 now is not just over the phone. It's over email 0:12:02.960 --> 0:12:05.480 or they text you, and there are people, there are 0:12:05.520 --> 0:12:10.200 listeners who screenshot those questions and sent them in. 0:12:11.240 --> 0:12:15.760 You remember in twenty sixteen when La County was trying 0:12:15.800 --> 0:12:18.480 to get everyone to pass Measure H and La City 0:12:18.559 --> 0:12:21.360 was trying to get everyone to pass Measure HHH. This 0:12:21.679 --> 0:12:26.200 was the homeless sales tax increases that were for ten years, 0:12:26.600 --> 0:12:30.240 and Eric Garcetti and the then Bord of Supervisors promised, 0:12:30.520 --> 0:12:34.000 if we pass this, we will wipe out homelessness in 0:12:34.120 --> 0:12:37.680 ten years. Well you know what happened. Ten years later. 0:12:38.160 --> 0:12:41.360 Homelessness went up, and they decided to put all. 0:12:41.280 --> 0:12:44.840 This passes just as bad as it ever was, and they. 0:12:44.720 --> 0:12:50.480 Also decided to increase the tax to double and make 0:12:50.520 --> 0:12:55.600 it in perpetuity with no plan to ever end the tax, 0:12:55.679 --> 0:12:58.280 because we're going to need it forever. 0:13:00.000 --> 0:13:03.240 The signature verification process has not yet started on this 0:13:03.720 --> 0:13:07.120 as CiU UHW says it collected and submitted about one 0:13:07.120 --> 0:13:10.000 point five million signatures, which is more than enough to 0:13:10.080 --> 0:13:14.040 go to voters in November again if those signatures are verified, 0:13:14.480 --> 0:13:17.040 but again it could be months before that signature counting 0:13:17.120 --> 0:13:21.160 process is finalized and that the initiative is official. 0:13:21.760 --> 0:13:23.960 We'll keep following it along with you, Thanks, Ashley. 0:13:24.320 --> 0:13:27.720 So there you go. That is the latest on some 0:13:27.880 --> 0:13:32.360 hidden language that might make the billionaire's tags eventually affect you. 0:13:33.200 --> 0:13:36.000 It's the John Phillips Show. If you'd like to email 0:13:36.040 --> 0:13:37.920 the show, you can do show at Johnny don't like 0:13:37.960 --> 0:13:41.079 show at gmail dot com. That's Johnny don't like show 0:13:41.160 --> 0:13:44.720 at gmail dot com. And Randy. If there's something you 0:13:44.800 --> 0:13:47.040 missed from earlier in the week, let's say the debate 0:13:47.080 --> 0:13:52.520 previewer or analysis after the debate, you can easily find that. 0:13:53.080 --> 0:13:55.280 Just search for The John Phillips Show. Wherever you get 0:13:55.320 --> 0:13:59.520 your podcasts, whether it's the Apple podcast app, Iheartspotify, search 0:13:59.559 --> 0:14:01.880 for the John Phillip Show, hit subscribe you get download 0:14:01.920 --> 0:14:04.160 all the episodes you get. Do a Google on the YouTube. 0:14:04.200 --> 0:14:07.600 Get the free KABC app, the free KSFO app. Get 0:14:07.640 --> 0:14:10.560 that KMJ now app because we're on that station Saturdays 0:14:10.559 --> 0:14:13.520 at noon. Listen to yesterday's show where John talked to 0:14:13.559 --> 0:14:16.600 Steve Hilton and we found out what exactly he was 0:14:16.640 --> 0:14:19.400 talking to Katie Porter about during the commercial break. 0:14:21.880 --> 0:14:26.200 Well, it's not just statewide where labor is looking to 0:14:26.200 --> 0:14:29.560 go after California business leaders. They're looking to do so 0:14:29.920 --> 0:14:31.520 in the City by the Bay as well. 0:14:31.880 --> 0:14:34.800 In San Francisco. There is going to be a measure 0:14:34.840 --> 0:14:40.000 on the ballot to increase the overpaid CEO tags, which 0:14:40.080 --> 0:14:44.040 is a gross receipts tax, which if passed, will increase 0:14:44.120 --> 0:14:48.920 the cost of pretty much everything formar. Here's ABC seven 0:14:49.120 --> 0:14:51.360 in the Bay. All right, now, do your voice your 0:14:51.440 --> 0:14:54.640 vote in the upcoming elections. We're talking about San Francisco's 0:14:54.680 --> 0:14:56.160 proposed CEO. 0:14:55.880 --> 0:14:57.120 Tax ABY to seven nine. 0:14:57.160 --> 0:14:59.840 Winness News political reporter Monica Madden is here now with 0:14:59.880 --> 0:15:01.080 a look at prop D. 0:15:01.400 --> 0:15:02.640 Alcock Kristen Larry. 0:15:02.640 --> 0:15:05.320 If you haven't been following this yet, Proposition DEEP would 0:15:05.360 --> 0:15:09.600 increase in existing San Francisco business tax tied to executive pay. 0:15:09.800 --> 0:15:12.440 It would apply to companies whose CEOs make at least 0:15:12.440 --> 0:15:16.280 one hundred times more than the median salary of their workers. 0:15:16.600 --> 0:15:17.680 But a new report, and I. 0:15:17.720 --> 0:15:19.840 Don't think any of those CEOs are going to let 0:15:19.840 --> 0:15:22.080 that go to ninety nine just to avoid the tax. 0:15:25.560 --> 0:15:27.800 But a new report out today is sharpening the debate 0:15:27.920 --> 0:15:31.920 over a central question, who would actually pay? A new 0:15:31.960 --> 0:15:34.640 study is adding fuel to the fight over Proposition D, 0:15:35.160 --> 0:15:39.640 a measure that would increase San Francisco's existing overpaid executive tax. 0:15:39.800 --> 0:15:43.000 Propt tax doesn't actually tax eeos. What it does is 0:15:43.080 --> 0:15:45.000 taxes transactions. 0:15:44.280 --> 0:15:47.240 The tax would apply, so it's called the Overpaid CEO Act, 0:15:47.280 --> 0:15:51.160 But it does not tax the CEO. It taxes the 0:15:51.320 --> 0:15:54.160 receipts of a business who will pass that cost on 0:15:54.240 --> 0:15:55.680 to you almost immediately. 0:15:57.040 --> 0:16:00.360 I love the title of this initiative too. It's like 0:16:00.400 --> 0:16:03.720 they're just out of the gate with just objective terminology. 0:16:04.320 --> 0:16:06.920 The tax would apply to companies with large pay gaps 0:16:06.960 --> 0:16:08.880 between their executives and workers. 0:16:09.280 --> 0:16:12.400 So we're going to see arise in grocery prices, arise 0:16:12.480 --> 0:16:17.760 in pharmacy prices, home goods prices, clothing prices. All of 0:16:17.800 --> 0:16:20.760 that is going to affect regular San Franciscos. 0:16:20.800 --> 0:16:24.320 And the new analysis estimates low margin businesses like grocery 0:16:24.320 --> 0:16:27.960 stores could see profits drop by about a quarter grow SF, 0:16:28.000 --> 0:16:28.600 which is a post. 0:16:28.680 --> 0:16:31.840 Wait, is the head of Kroger making one hundred times 0:16:31.840 --> 0:16:37.160 what the bag boys making? Actually, he probably. 0:16:36.840 --> 0:16:39.840 Is well and then he doesn't even have to get 0:16:39.840 --> 0:16:40.600 carpal tunnel. 0:16:41.040 --> 0:16:43.280 The Posed Property Commission the study. 0:16:43.440 --> 0:16:45.880 We believe in a well functioning government, and that means 0:16:45.920 --> 0:16:48.240 it needs to have a budget to operate, So we 0:16:48.240 --> 0:16:49.960 don't want to get rid of all the taxes. We 0:16:50.040 --> 0:16:51.360 support everyone paying. 0:16:51.160 --> 0:16:51.840 Their fair sure. 0:16:52.040 --> 0:16:54.640 Economic experts say it would that's a term, by the way, 0:16:54.680 --> 0:16:57.320 that I'd like to have go away. I'm so sick 0:16:57.360 --> 0:17:00.080 of anybody saying the phrase pay their fare. 0:17:00.080 --> 0:17:03.920 Share, Yeah, because that's another subjective term. 0:17:04.520 --> 0:17:07.760 Economic experts say it would function almost like a sales tax. 0:17:07.840 --> 0:17:10.880 I looked at my taxes this year. I don't make 0:17:10.920 --> 0:17:13.359 that much, and I feel like I was more than fair. 0:17:15.040 --> 0:17:17.760 Oh. I looked at my taxes after everything that I've 0:17:17.800 --> 0:17:20.800 already paid, and then they wanted more from me. I 0:17:20.840 --> 0:17:23.040 turned into a complete rage of haul. I was like 0:17:23.119 --> 0:17:24.400 Donald Duck with pans. 0:17:25.400 --> 0:17:28.639 Economic experts say it would function almost like a sales tax. 0:17:29.040 --> 0:17:31.560 What is a grocery seats tax. It's basically a tax 0:17:31.600 --> 0:17:35.080 on the sales revenues that the company gets in the city. 0:17:34.880 --> 0:17:36.760 And might not have its intended effect. 0:17:37.000 --> 0:17:39.600 It might cause them to raise the prices they charged 0:17:39.600 --> 0:17:43.280 in San Francisco in terms of cutting their CEO's pay, 0:17:43.480 --> 0:17:48.520 raising the uh, you know, wages of their workers. I 0:17:48.560 --> 0:17:50.760 think that's not really very likely. 0:17:50.920 --> 0:17:54.080 But support so if the intent of this is to 0:17:54.400 --> 0:17:59.480 raise wages so they don't have that differential, that's not happening. 0:18:00.119 --> 0:18:02.960 But supporters say that frame miss is the bigger picture. 0:18:03.080 --> 0:18:06.040 It is really targeted just at the biggest corporations in 0:18:06.080 --> 0:18:09.680 the city, and it would raise about three hundred million 0:18:09.720 --> 0:18:12.200 dollars two hundred and fifty to three hundred million dollars 0:18:12.240 --> 0:18:14.600 in revenue. It's enough to at least stop some of 0:18:14.600 --> 0:18:17.280 the most devastating cuts to services SAT And. 0:18:17.280 --> 0:18:19.280 How many businesses are you going to chase the San 0:18:19.400 --> 0:18:20.400 Jose with this one. 0:18:21.880 --> 0:18:24.960 We're not going to have any rich people left, which 0:18:25.040 --> 0:18:28.600 means we're not going to have any employers left. Remember 0:18:28.600 --> 0:18:32.720 the old congressman from Ohio, Jim Trafficant, who had the 0:18:32.760 --> 0:18:35.160 hair that looked like it was cut by a weed whacker. 0:18:35.200 --> 0:18:37.520 He'd always give those speeches on the house floor. Beam 0:18:37.560 --> 0:18:40.960 me up, Scottie. He always said it was the son 0:18:41.000 --> 0:18:44.439 of a truck driver, but he would remind people his 0:18:44.560 --> 0:18:48.199 truck driver father never worked for a poor man. And 0:18:48.280 --> 0:18:52.280 I think that labor in California needs to remember that. 0:18:52.640 --> 0:18:55.600 Eight hundred two two two five two two two is 0:18:55.640 --> 0:18:58.840 the telephone number one eight hundred two two two five 0:18:58.920 --> 0:19:01.359 two two two. If you'd like to email the show, 0:19:01.400 --> 0:19:03.400 you can do so at Johnny Don't Like Show at 0:19:03.400 --> 0:19:07.040 gmail dot com. That's Johnny Don't Like Show at gmail 0:19:07.240 --> 0:19:11.960 dot com. As Randy said earlier in the program. We 0:19:12.000 --> 0:19:16.760 are now entering a phase where it's not just men 0:19:17.040 --> 0:19:20.160 and women and I guess sixteen year olds who can 0:19:20.160 --> 0:19:24.280 get cited by the CHP and law enforcement for traffic infractions, 0:19:24.880 --> 0:19:26.600 now the robots can too. 0:19:27.440 --> 0:19:33.400 The DMV is authorized ticket finding when weamos break the law. 0:19:34.040 --> 0:19:37.399 What does this even mean? Let's find out here is 0:19:37.560 --> 0:19:39.360 kpix in the Bay. 0:19:39.440 --> 0:19:42.760 California is putting a new rule in place to make 0:19:42.800 --> 0:19:45.520 sure robotaxis are not above the law. 0:19:45.880 --> 0:19:48.240 So it comes at time how many violations have the 0:19:48.280 --> 0:19:50.560 weimos had, because I'm going to guess not that many. 0:19:50.600 --> 0:19:53.000 Do you know how patient the weimo is. I was 0:19:53.040 --> 0:19:56.440 taking once in San Francisco and we were going around 0:19:56.520 --> 0:19:59.840 Chinatown and there was a person on a bicycle on 0:19:59.880 --> 0:20:03.679 a very narrow street who was going so slow, and 0:20:03.720 --> 0:20:06.720 the Waimo doesn't honk at him. The Weimo doesn't try 0:20:06.720 --> 0:20:09.880 to go around him. The Weimo just sits there and 0:20:10.000 --> 0:20:14.000 is patient. And I need to distract myself by staring 0:20:14.000 --> 0:20:15.880 at my phone so I don't get angry. 0:20:17.400 --> 0:20:20.159 Well, we don't want to make the robots more aggressive 0:20:20.280 --> 0:20:22.200 because then they'll eventually kill us all. 0:20:22.920 --> 0:20:26.280 So it comes after incidents like this. Well, back in September, 0:20:26.440 --> 0:20:29.840 San Bruno police officer pulled over a Weimo that made 0:20:30.000 --> 0:20:33.080 an illegal U turn, but without a human in the car. 0:20:33.280 --> 0:20:35.840 You know, the way the weymos work is they've been 0:20:35.880 --> 0:20:39.359 studying driver data for years and years and years before 0:20:39.359 --> 0:20:41.639 they put them on the roads. So I'm going to 0:20:41.680 --> 0:20:45.240 guess the AI learned that everybody does that illegal U 0:20:45.320 --> 0:20:46.360 turn in San Bruno. 0:20:47.560 --> 0:20:51.000 Maybe the robot was studying me, but. 0:20:51.040 --> 0:20:53.200 Without a human in the car, he had no one 0:20:53.240 --> 0:20:53.719 to ticket. 0:20:54.240 --> 0:20:56.880 Now that's changing. The DMB is getting police the green 0:20:56.960 --> 0:21:01.399 light to issue tickets to driverless cars. Kenny Joy breaks 0:21:01.440 --> 0:21:02.240 down the new rules. 0:21:03.800 --> 0:21:06.280 For years, the big question when it comes to driverless 0:21:06.280 --> 0:21:09.119 cars is what happens when they break the law. The 0:21:09.200 --> 0:21:13.080 DMV has implemented new rules, but the overall impact is 0:21:13.080 --> 0:21:17.480 still unclear. Driverless cars like Waimo robotaxis can now be 0:21:17.520 --> 0:21:20.399 ticketed just like any other car on the road. New 0:21:20.480 --> 0:21:22.960 DMV rules give law enforcement the green. 0:21:22.840 --> 0:21:25.199 Did they also ask the robot a whole bunch of 0:21:25.280 --> 0:21:26.919 questions like so what are you doing out tonight? 0:21:29.119 --> 0:21:31.879 Or maybe they send the robots to comedy traffic school. 0:21:32.840 --> 0:21:36.000