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Speaker 1: After twenty two years of being a titan on Wall

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Speaker 1: Street and start in his own firm.

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Speaker 2: Tony Kasai get is walking away?

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Speaker 3: What this said?

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Speaker 4: The Ugly side, Hooky.

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Speaker 5: And only Inside.

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Speaker 2: We'll interview insiders and other titans of all types of industry,

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Speaker 2: offering advice and sharing stories of adversity.

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Speaker 6: This is another episode the Inside Show.

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Speaker 4: Welcome to Cannabis Talk one on one's Financial Fridays with

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Speaker 4: the Inside Investor Tony k We're the world's number one

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Speaker 4: source for everything cannabis.

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Speaker 7: The information provided by Financial Friday and Tony Kasai is

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Speaker 7: for general information entertainment purposes only and should not be

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Speaker 7: considered as professional financial advice. Consult with the professional before

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Speaker 7: making any financial decisions.

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Speaker 1: Yo, I don't know worry out what you're doing or

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Speaker 1: what date of the week it is for you. But

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Speaker 1: over here at the c T one oh one, iHeart studios,

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Speaker 1: ladies and gentlemen, it is Financial Fridays for us. I'm

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Speaker 1: Tony Kay. You're an insider investor and I'm here to

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Speaker 1: get your mind right and your money game.

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Speaker 3: Type You're hearing on the world.

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Speaker 1: Famous Cannabis Talk one on one with My boys Blue

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Speaker 1: and Joe Grande the world's number one source for everything cannabis. Now,

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Speaker 1: feel free leave me a financial question anytime at one

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Speaker 1: eight hundred and four twenty nineteen eighty and you can

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Speaker 1: always find me on Instagram.

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Speaker 3: At the Insider Investor.

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Speaker 1: Please make sure it follow the show on YouTube at

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Speaker 1: Cannabis Talk one on one.

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Speaker 3: Make sure if you'd like follow, subscribe. Guys. That's what

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Speaker 3: keeps us on the air. And of course now you

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Speaker 3: all know that.

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Speaker 1: I created financial Fighting because after twenty years of being

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Speaker 1: a Wall Street insider, I got sick and tired of

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Speaker 1: watching people get screwed out of their money.

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Speaker 3: And in fact, that's what today's episode is about. Guys.

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Speaker 1: One of my biggest secrets of money, by the way,

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Speaker 1: is that taxes end up being an April problem. Everybody

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Speaker 1: rushes around right around April or October if you're a

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Speaker 1: corporation and they're worried about their taxes. But let me

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Speaker 1: give you a secret. Taxes should be a year round

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Speaker 1: issue that you address. That is where you save the

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Speaker 1: most money. Especially as a business owner of ten ninety

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Speaker 1: nine W two, it doesn't matter.

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Speaker 3: I got a.

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Speaker 1: Solution for you, guys. Get my boys over an easier

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Speaker 1: a brick and mortar location out of Utah. I use

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Speaker 1: them before. I've used them for my companies, my corporation,

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Speaker 1: and my business. Says these guys. I mean, the name

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Speaker 1: says it all guys, Easier accounting. If you're a business owner,

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Speaker 1: give him a call. Let him know I sent you.

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Speaker 1: zero zero seven seven zero. That's Easier Accounting dot com. Now, y'all,

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Speaker 1: I'm kind of pumped up. I'm gonna heat it today

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Speaker 1: because I saw some shit on the news that just

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Speaker 1: made me blow my mind. Today's episode is California is

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Speaker 1: turning into a shit show. Y'all. Listen up, dude, Like

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Speaker 1: you know, I've already done a bunch of episodes on

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Speaker 1: Elon Musk. I'm a big fan of my electric car.

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Speaker 1: I've had Porsches, I've had Maseratis, BMW's Mercedes. That was

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Speaker 1: the first car I bought that I didn't have buyer's

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Speaker 1: remorse on right and I do happen to like Elon's politics.

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Speaker 1: I like the way he handles himself, and it's so

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Speaker 1: I'm I'm a fan if you would say, right, And

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Speaker 1: I know that's not too popular with a lot of

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Speaker 1: my friends, but that's.

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Speaker 3: How I rolled.

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Speaker 1: However, California and its infinite wisdom has decided you guys

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Speaker 1: are going to believe this. In fact, I was talking

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Speaker 1: to Jennifer, our social media guau over here and I

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Speaker 1: was like, jen you know, this is the episode I'm

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Speaker 1: doing today and she says, man, I saw that in

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Speaker 1: the news and I thought it was fake.

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Speaker 3: And guys, this is not fake.

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Speaker 1: This is how absolutely batshit crazy California has gotten.

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Speaker 3: Let me tell you what's going on.

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Speaker 1: So right now, and if I go to any intersection California,

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Speaker 1: about half the intersection is going to be either Tessa's

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Speaker 1: other electric vehicles, et cetera, et cetera. Here, we had

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Speaker 1: massive tax credits. I think when I bought my car

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Speaker 1: it was like fifty five thousand dollars out the door.

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Speaker 1: I ended up going down to thirty eight thousand because

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Speaker 1: of the federal of the state, the Edison.

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Speaker 3: Everybody was just giving me free money. It's unbelievable.

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Speaker 1: It's still like that today, right, So they're pushing everybody

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Speaker 1: over to the EV cars now, regardless of what your

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Speaker 1: opinion is on that. For me, it became all right,

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Speaker 1: look I like the car, but more importantly, gas out

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Speaker 1: here when I bought my car was approaching six bucks

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Speaker 1: a gallon, and if you're not in California, you think

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Speaker 1: that's nuts. Right now it's about four fifteen. We think

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Speaker 1: that's cheap, guys. Okay, these weird rules out here where

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Speaker 1: they were trying to save the smog situation, so they

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Speaker 1: mix the gasoline with ethanol, and there's all these little

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Speaker 1: weird things they do during the summer and winter. So

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Speaker 1: they have shut down refineries at least that's what they say, right,

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Speaker 1: But then they have about eight billion dollars a year

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Speaker 1: that they spend in California on the roadways, so about

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Speaker 1: fifty to sixty cents. Don't quote me on that, but

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Speaker 1: a big chunk of every gallon of gas that we

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Speaker 1: spend here in California is being used to fix the roads,

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Speaker 1: the bridges, and basically caltrans and fuel. Right, So here's

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Speaker 1: what California realized, Connor.

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Speaker 3: Are you ready for this?

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Speaker 5: Laid on us.

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Speaker 1: Tony all right, hey dude, I mean I'm still like

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Speaker 1: speechless over there. So now that they got us all

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Speaker 1: over to Evie's telling us it's going to save us gas,

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Speaker 1: it's going to save the climate, et cetera, et cetera.

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Speaker 1: They ran out of money for the roads now, so

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Speaker 1: run this clip, Connor. I can't make the shit up.

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Speaker 8: I can't even is now planning on taxing citizens thirty

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Speaker 8: cents for every mile you drive. With more than.

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Speaker 9: Thirty million registered passenger vehicles in California, the state says

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Speaker 9: it shills out more than eight billion dollars a year

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Speaker 9: to maintain the roads those cars drive off. Just so

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Speaker 9: many Californians now own electric vehicles, the gas tax money

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Speaker 9: is starting to dry up, which is ry. Kyletrans wants

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Speaker 9: to instead charge drivers per mile and is now enrolling

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Speaker 9: people in a six month pilot program to test out

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Speaker 9: the concept.

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Speaker 8: The state of California is now planning on taxing citizens

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Speaker 8: thirty cents for every mile you drive. They claim that

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Speaker 8: they aren't making enough money from gas taxes because of

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Speaker 8: all the electric vehicles. The decision from the California government

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Speaker 8: to plan on taxing citizens thirty cents for every mile

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Speaker 8: you drive has garnered controversy. Commenters claim that you get I.

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Speaker 1: Mean, you know what this means, right when they say

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Speaker 1: pilot program, guys, that doesn't mean they're going to test it.

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Speaker 1: They're just right now seeing how many people get all

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Speaker 1: freaked out and how much vote are going to push

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Speaker 1: back on them, right, And these guys are strategic. You know,

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Speaker 1: they dropped this news on a Friday. They've buried it.

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Speaker 1: Nobody here knew about it, you know, I think Jena

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Speaker 1: is the only one. And this is something that right

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Speaker 1: now means that eventually they're gonna do what they're doing

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Speaker 1: in New York. New York's doing the same thing because

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Speaker 1: they lost so much money with Uber coming in and

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Speaker 1: the taxis what they're now talking about is every person

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Speaker 1: that ever crosses that bridge has to pay a toll

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Speaker 1: just to drive in it and out of the city.

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Speaker 1: Every car that drives in and out of that city.

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Speaker 1: So this is a spiraling effect, ladies and gentlemen, of

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Speaker 1: what's been going on in this country for the past

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Speaker 1: at least four years, if not decades, going back of

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Speaker 1: just legislation and buying votes. That's what this is all about.

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Speaker 1: And I'm not into politics anymore. I'm just tired of

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Speaker 1: all the bs that I see out there when it

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Speaker 1: comes to politics. I'm tired of watching my hard earned

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Speaker 1: money go out the front door.

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Speaker 3: You know it.

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Speaker 1: Don't even get me started. And this is kind of

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Speaker 1: off topic, but just to give you guys an idea.

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Speaker 1: Every day in California we're getting hit with some new shit.

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Speaker 1: Just the other I was reading that for the homeless

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Speaker 1: problem in Santa Monica, they took some beachfront property, have

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Speaker 1: converted it and zoned it now for affordable housing or

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Speaker 1: homeless basically housing.

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Speaker 3: Right, But when you look.

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Speaker 1: At the value of that land, each one of those

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Speaker 1: units is going to cost about four million dollars to

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Speaker 1: house one family. I mean, it's insanity what they're doing

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Speaker 1: to us out here, right, And all of these special

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Speaker 1: good feeling shit that they put out there for you guys,

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Speaker 1: whether it's the Republicans or Democrats, there's always just strategic

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Speaker 1: reason behind it. And right now, this is buying votes.

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Speaker 1: They were pandering, but they got caught right with the

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Speaker 1: EV market, with the EV push. They were bowing down

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Speaker 1: to the climate change, the green New Green Deal, whatever

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Speaker 1: it was that Bernie wanted to do. But when they

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Speaker 1: put out these feel good things, I'm all about the climate.

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Speaker 1: I don't want the climate to change, but I do remember, guys,

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Speaker 1: and if you're probably born in the mid seventies, you

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Speaker 1: remember this. When I was going to school, the fear

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Speaker 1: that they were pushing on us, guys, was that the

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Speaker 1: climate was going to be frozen, that it was going

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Speaker 1: to get too cold.

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Speaker 3: And it was.

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Speaker 1: It was that the climates are going to get too cold.

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Speaker 1: Then it became global warming, and then they were like, well, shit,

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Speaker 1: that's not working, and now it's just climate change.

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Speaker 3: Now.

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Speaker 1: I'm not a scientist, guys, and I'm not making any

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Speaker 1: claims one way or the other. But one thing after

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Speaker 1: all these you know, I'm now about to turn forty seven, Connor,

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Speaker 1: But what I know from when I was a kid

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Speaker 1: up until the house, every time the government tells you something,

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Speaker 1: there's a bigger attenda.

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Speaker 3: They don't give a shit about the climate.

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Speaker 1: They don't give a shit about rising ocean temperatures, and shit, you.

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Speaker 3: Know what I mean?

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Speaker 1: This is all a way to kind of garner votes,

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Speaker 1: to do one way to meet the other.

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Speaker 3: You know, I gotta take a break. Is this shit's

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Speaker 3: just working me up?

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Speaker 10: Right.

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Speaker 1: I mean, if you're listed right now, like being driving

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Speaker 1: an electric vehicle, you live in California, I just don't

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Speaker 1: know how this can't be driving you done. I'm gonna

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Speaker 1: take a break, but when I come back, I'm gonna

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Speaker 1: talk to you about the minimum wage disaster that we

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Speaker 1: have going on here in California. We'll be right back

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Speaker 1: here on iHeartRadio CTM one and one Financial Flag.

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Speaker 4: We'll be right back with the Financial Friday five on

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Speaker 4: Cannabis Talk one on one's Financial Fridays with the Insider

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Speaker 4: Investor Tony K. Welcome back to Cannabis Talk, one on

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Speaker 4: one's Financial Fridays with the Insider Investor Tony K. It's

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Speaker 4: now time for the Financial Friday five.

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Speaker 1: They come out to conventions with us, They got amazing products.

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Speaker 3: These are natural products that they're using to infuse into cookies, gummies, edibles.

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Speaker 3: There is no thac, no cannabis component.

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Speaker 1: But what they're doing is making high quality ingredients for

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Speaker 3: Check them out Loranoils dot com.

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Speaker 1: Now we're back here Financial Fridays on CQ one to

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Speaker 1: one iHeartRadio.

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Speaker 3: Listen up.

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Speaker 1: Before I left, I was gonna talk to you now

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Speaker 1: about the second element.

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Speaker 3: I'm good. I probably have a list of thirty items,

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Speaker 3: but we're gonna run out of time. We're doing a

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Speaker 3: quick show today.

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Speaker 1: But the minimum wage fiasco that we've now founded investment.

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Speaker 1: By the way, guys, again, I've voted, you know, just transparency.

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Speaker 3: I've voted for all the parties. I voted for Biden.

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Speaker 3: I'm sorry.

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Speaker 1: I did not vote for Biden. I did vote for Obama.

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Speaker 1: I vote for Schwarzenegger. I've voted for other parties. So

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Speaker 1: I'm not politically oriented. I'm just a realist. Right and

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Speaker 1: what's happening that there's a monster that we have in

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Speaker 1: California right now? This is Gavin Newsom guy, and even

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Speaker 1: all my Democrat friends agree that this guy's just a

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Speaker 1: fucking lunatic. Right, I'm not supposed to curse no more

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Speaker 1: on the show to help our algorithms, but we'll bleep

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Speaker 1: that one out.

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Speaker 3: You guys.

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Speaker 1: I call him mister hair Jail. Mister hair Jail. Okay,

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Speaker 1: most people don't know this. The dude is Nancy Pelosi's nephew.

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Speaker 1: All right, this is again nobody talks about this shit.

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Speaker 1: Nancy Pelosi, who's a government employee right making at max

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Speaker 1: two one thousand a year, has a net worth of

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Speaker 1: over one hundred million dollars. Guys, how the hell did

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Speaker 1: she make that? Well, let me tell you, these people

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Speaker 1: are all When I talk about Wall Street being rigged,

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Speaker 1: this is their rigging game, right. I mean, I can

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Speaker 1: tell you countless stories of where they're making rules on

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Speaker 1: legislation in Congress and then they're buying or selling the

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Speaker 1: stocks associated with these rules. That's how all these assholes

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Speaker 1: are getting rich. You know, even going back to the Clintons, guys,

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Speaker 1: the Clintons for forty years, they've been civil servements, giving

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Speaker 1: back to the community. All this shit, right, they have

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Speaker 1: a net worth of over one hundred and fifty million dollars.

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Speaker 1: You don't get that by doing speeches and writing books.

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Speaker 1: Trust me, I write off right there. You know what

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Speaker 1: I'm saying. Well, then no, there's the Clinton Foundation too.

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Speaker 1: And again, guys, Trump's no different. I mean all of these. Now,

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Speaker 1: Trump's different in a sense that he's just kind of

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Speaker 1: just put a wrecking ball to the whole system. But

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Speaker 1: you know, going back to the Bush era, going back

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Speaker 1: even before that, so this is not unique to you know,

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Speaker 1: Biden or Obama or Trump or whatever. And again, I'm

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Speaker 1: not into politics. I really just want to wake people.

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Speaker 1: We'll have to figure out, just ask the hard questions. Now,

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Speaker 1: look at this. This is another example of how they're

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Speaker 1: buying votes. Right about a year or so ago, mister

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Speaker 1: Harejel came out and he said, hey, listen, all healthcare workers,

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Speaker 1: no matter who you are, you could be a janitor,

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Speaker 1: you could be the cash here. If you're working in

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Speaker 1: any kind of health care facility, the new minimum wage

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Speaker 1: has to be twenty five dollars.

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Speaker 10: Right.

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Speaker 1: Oh, they came out on TV, they celebrated it. You know,

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Speaker 1: this is going to ensure healthcare for all. Blob blah blah.

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Speaker 1: Look what happened to mister header Joe play that n

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Speaker 1: next clip, Connor.

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Speaker 11: Skimblank to delay the state's higher healthcare minimum wage that

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Speaker 11: is scheduled to start June first, According to The Wall

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Speaker 11: Street Journal, by twenty twenty eight, the bill, which Newsom

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Speaker 11: signed back in October too much fanfare, would require all

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Speaker 11: healthcare facilities, including janitors, to be paid at least twenty

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Speaker 11: five dollars an hour. The Wall Street Journal's editorial board wrote, quote,

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Speaker 11: the state's budget deficit has ballooned to forty five billion dollars.

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Speaker 11: Mister Newsom projects that the new healthcare minimum wage would

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Speaker 11: cost the state four billion dollars more a year, owing

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Speaker 11: to higher Medicaid costs and compensation for workers at state

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Speaker 11: owned facilities. Legislative analysts warned about these costs, but mister

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Speaker 11: Newsom had warned able anyway, Mister Newsom is proposing to

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Speaker 11: tie healthcare workers increases to the states.

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Speaker 1: Several funds sent state to buy votes now from the

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Speaker 1: healthcare center, from the healthcare workers, and the healthcare unions,

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Speaker 1: and to get on TV and say I'm helping a

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Speaker 1: janitor that works at XYZ hospital make twenty five dollars

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Speaker 1: an hour. He failed to look at the real numbers.

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Speaker 1: He failed to listen to his economists, to his accounts

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Speaker 1: to the people actually crunching the numbers. He failed to

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Speaker 1: see that. Okay, shit, if I do this right now,

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Speaker 1: it's going to cost because all those healthcare workers that

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Speaker 1: are working at a state owned facility now have to

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Speaker 1: be given healthcare through medi Cara Medical.

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Speaker 3: Right.

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Speaker 1: So now what he doesn't realize is that by tying

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Speaker 1: that to the to the minimum wage, he's now going

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Speaker 1: to have another four billion dollar deficit.

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Speaker 5: I think he knows. He just literally doesn't He doesn't care.

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Speaker 10: Well. My prime example is is like everyone in San

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Speaker 10: Francisco when Jijingping came out and visited, everyone in San

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Speaker 10: Francisco is like, why the hell is San Francisco actually

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Speaker 10: clean now? And there's they shipped all the homeless people

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Speaker 10: out to Daily City or something. And then people are

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Speaker 10: asking him in like a public interview, press conference, yo,

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Speaker 10: why is it clean? He's like, oh, you know, Gijing

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Speaker 10: Ping came in town, I got to clean up. And

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Speaker 10: so he's like self aware of it. He's trolling the

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Speaker 10: public about he.

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Speaker 1: Literally doesn't care. You remember during during the pandemic, they

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Speaker 1: were like, you can't go out, you can't do anything,

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Speaker 1: you can't do anything, And then he was eating at

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Speaker 1: that French restaurant that's like eight hundred bucks a plate

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Speaker 1: for brunch or some shit.

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Speaker 5: And he had his kids in private school, the only

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Speaker 5: one left open.

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Speaker 1: One Nancy Pelosi was caught on camera going in getting

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Speaker 1: her haircuttered a salon and then his moment they get caught.

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Speaker 1: Oh yeah, well, you know that's just what we owned

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Speaker 1: the restaurant, or we bought out.

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Speaker 10: Stud and she like during the pandemic, Sacramento has a delta, right,

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Speaker 10: I'm from the area, and she would take her friends

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Speaker 10: and her big old security guard and go out in

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Speaker 10: the delta and booze on some high noons. And they

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Speaker 10: got caught. And you know, it's just you're the only

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Speaker 10: sorry they got caught. You know, their winery is the

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Speaker 10: only ones that stayed open during the pandemic. Their kids

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Speaker 10: school the only one that stayed open during the pandemic.

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Speaker 10: Like this dude is a bond villain and he doesn't

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Speaker 10: care any knows. So it's just, you know, between a

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Speaker 10: rock and a hard place, and.

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Speaker 1: Pull up the real numbers guys, and you know the math.

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Speaker 1: I'm a numbers guy right when it comes down to it,

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Speaker 1: just money doesn't lie, it's traceable.

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Speaker 3: You can find it. You can figure it out.

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Speaker 1: California when Newsom came in, had I want to say,

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Speaker 1: like a twenty billion how much was there a surplus?

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Speaker 1: When he came in, California had a budget surplus surplus meeting.

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Speaker 3: We had extra money. They didn't know what the hell

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Speaker 3: to do with it.

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Speaker 1: They started giving it out to citizens and passing it

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Speaker 1: out and take tax refunds and all that shit. Right,

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Speaker 1: except there's one problem. Now we have a forty six

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Speaker 1: billion dollar deficit. That's why they want to charge us

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Speaker 1: for gas. That's why they're increasing taxes on everything.

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Speaker 5: Ninety seven point five billion certain plus.

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Speaker 1: You guys, ninety seven call it one hundred just to

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Speaker 1: make the math easy, right, one hundred billion to He's

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Speaker 1: now got a deficit of forty six billion, call it

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Speaker 1: fifty billion. That's one hundred and fifty billion dollars swing, bro,

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Speaker 1: that's more than the GDP of most fucking countries.

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Speaker 3: You know.

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Speaker 1: And for this one guy, with all of his policies.

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Speaker 1: You really want to lose your shit, just google homeless

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Speaker 1: solutions from Gavin Newsom California. I mean, what they do,

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Speaker 1: they'll they'll they'll raise awareness and they'll raise money and

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Speaker 1: they'll do these bond initiatives, which is going to cost

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Speaker 1: the next generation more money. And then what happens is

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Speaker 1: they'll bring in their buddies who are going to do

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Speaker 1: studies and architectural reviews and impacts of reviews.

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Speaker 5: It's a big old pr statement.

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Speaker 10: Of course, it is likensol like it's just you know,

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Speaker 10: face value of you see the press conference and then

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Speaker 10: you know, you go and see it for yourself and

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Speaker 10: it's just like degenerative to a point where you know,

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Speaker 10: it's you know, unrecognizable to what we know as California.

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Speaker 1: And you made a great point, man, I you know,

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Speaker 1: they really don't care the number for him, the numbers

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Speaker 1: don't matter.

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Speaker 3: They'll gloss over him. This is all about divide and conquer.

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Speaker 1: The only political thing I do believe in is that

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Speaker 1: this entire system, and that's why it was really controversial.

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Speaker 1: I got a lot of hate mail for it, but

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Speaker 1: I said, look, I'm just not voting anymore. I refuse

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Speaker 1: to subscribe to a system that's rigged. And when I

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Speaker 1: say rigged, this isn't like TV rigged or politics rg

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Speaker 1: It's rigged when you only have two players. When you

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Speaker 1: look at what they're doing to RFK right now, or

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Speaker 1: what they did to Bernie Sanders on that side, it's

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Speaker 1: like they push all these third parties out. It's the Democrats, Republicans.

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Speaker 1: It's a ping pong, but they really don't give a

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Speaker 1: shit who wins because they know eventually they'll be back

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Speaker 1: in power.

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Speaker 5: Well, it's just this exactly.

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Speaker 10: It's the chess game for him in California is the

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Speaker 10: initial step into becoming president. So he's creating a problem

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Speaker 10: that he's going to go running campaign for and say

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Speaker 10: he's gonna fix.

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Speaker 5: Right Like, that feels like how it's gonna go.

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Speaker 3: You nailed it.

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Speaker 1: I mean, right now, we all know that most likely

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Speaker 1: ninety percent chance Biden's not gonna make it to the elections.

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Speaker 3: Right now.

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Speaker 1: What's going to happen is we already know mister hare

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Speaker 1: Gerill right now is first in line, and right now,

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Speaker 1: with all the nasty shit the Gavin has done to California,

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Speaker 1: he's still in line to take that throwne in my opinion,

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Speaker 1: right regardless, Again, guys, what you think about the politics,

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Speaker 1: this is math.

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Speaker 10: Is just going to read the trail of what you

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Speaker 10: know his past actions. That's all we're talking about.

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Speaker 1: Here is this is, you know, I joking, I jokingly

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Speaker 1: call it now the Socialist Republic of California. That's what's

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Speaker 1: happening here. Regardless of what your political beliefs are, you

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Speaker 1: cannot deny the math of what this man has done

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Speaker 1: in the time.

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Speaker 3: That he's been in office.

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Speaker 1: To go from one hundred billion dollar surplus to fifty

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Speaker 1: billion dollars left to say, one hundred and fifty billion dollars.

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Speaker 3: Sleep, that's got to be your record. I don't even

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Speaker 3: say presidents.

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Speaker 10: And countries are bro real, and I think it's a

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Speaker 10: testament to how turbulent has been that you know, there

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Speaker 10: is a referendum to almost have him, you know, taken

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Speaker 10: from his position in California like that rarely happens in

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Speaker 10: such a blue state.

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Speaker 1: And think about how much he had already shipped on

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Speaker 1: the state and then for him to even not for

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Speaker 1: us not to win that recall election.

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Speaker 3: I mean, it's just my and guys. When you don't

439
00:19:16,080 --> 00:19:18,159
Speaker 3: live here, you may think it's hyperbole or if we're.

440
00:19:18,040 --> 00:19:22,320
Speaker 1: Exaggerating, even my hardcore Democratic friends, like what the heck

441
00:19:22,440 --> 00:19:23,400
Speaker 1: is going on here? Guys?

442
00:19:23,440 --> 00:19:26,040
Speaker 3: This isn't about politicans about your money. It's about reality.

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00:19:26,160 --> 00:19:28,159
Speaker 1: Now, when we come back here on Financial Fridays, I

444
00:19:28,200 --> 00:19:30,320
Speaker 1: want to talk about the third way that California is

445
00:19:30,320 --> 00:19:32,720
Speaker 1: turning into a shit show, and that's our minimum wage

446
00:19:32,720 --> 00:19:33,920
Speaker 1: for the fast food industry.

447
00:19:34,080 --> 00:19:35,600
Speaker 3: We'll be right back here on Financial Pridce.

448
00:19:35,640 --> 00:19:38,000
Speaker 4: We'll be right back with more Financial Fridays with the

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00:19:38,000 --> 00:19:41,840
Speaker 4: Inside Investor Tony K. Make sure you follow Tony at

450
00:19:41,840 --> 00:19:53,240
Speaker 4: the Insider Investor. Welcome back to Cannabis Talk one on

451
00:19:53,280 --> 00:19:57,600
Speaker 4: one's Financial Fridays with the Inside Investor Tony K. Make

452
00:19:57,640 --> 00:19:59,840
Speaker 4: sure you like, follow and subscribe to the show.

453
00:19:59,880 --> 00:20:02,040
Speaker 1: Now, you guys haven't seen the ladiest edition with the

454
00:20:02,040 --> 00:20:04,480
Speaker 1: Cannabis Talk magazine. It has some great articles, some very

455
00:20:04,480 --> 00:20:06,920
Speaker 1: cool stories in it. Hit yourself a hard copy today

456
00:20:06,920 --> 00:20:10,040
Speaker 1: at your local dispensary smoke shop. If you don't have it,

457
00:20:10,119 --> 00:20:12,119
Speaker 1: help us hit me up. I'm gonna send you a

458
00:20:12,160 --> 00:20:14,840
Speaker 1: copy on me. It's Cannabistalkmagazine dot com.

459
00:20:14,880 --> 00:20:17,560
Speaker 3: Subscribe now. Super proud of you guys.

460
00:20:17,560 --> 00:20:19,840
Speaker 1: Now we're back here on CT one on one's iHeartRadio's

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00:20:19,880 --> 00:20:24,760
Speaker 1: Financial Fridays. Hi, mom my mom just showed up from

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00:20:24,720 --> 00:20:25,080
Speaker 1: the studio.

463
00:20:25,200 --> 00:20:26,520
Speaker 3: Had to kind of talk to her about that.

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00:20:26,680 --> 00:20:28,920
Speaker 1: So you guys before we left, we were talking about

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00:20:28,920 --> 00:20:31,720
Speaker 1: the minimum wage here in California.

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00:20:31,080 --> 00:20:33,440
Speaker 3: And what's going on with the fast food industry.

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00:20:33,480 --> 00:20:37,000
Speaker 1: Now. On the surface, listen, man, I've worked at Little Caesars,

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00:20:37,000 --> 00:20:39,400
Speaker 1: I've worked at TGI Fridays, I've worked at Target. I've

469
00:20:39,440 --> 00:20:41,879
Speaker 1: been a minimum wage employee. I know what that's like.

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00:20:42,280 --> 00:20:44,879
Speaker 1: So on the surface, all of these role pandering to

471
00:20:45,119 --> 00:20:48,960
Speaker 1: voters sounds good, but love for what happens again to

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00:20:49,040 --> 00:20:50,399
Speaker 1: mister hair jail, go ahead and play that.

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00:20:50,440 --> 00:20:51,240
Speaker 3: Cliff carn.

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00:20:55,440 --> 00:21:01,679
Speaker 2: Is, My workers way did this, But what they really

475
00:21:01,680 --> 00:21:05,600
Speaker 2: did was lose nearly ten thousand fast food jobs.

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00:21:06,000 --> 00:21:09,439
Speaker 9: Pizza Hot preemptively laid off twelve hundred delivery drivers like

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00:21:09,520 --> 00:21:10,280
Speaker 9: Michael o'hada.

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00:21:10,480 --> 00:21:11,760
Speaker 3: What's the point of the rays if you don't have

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00:21:11,760 --> 00:21:12,479
Speaker 3: a job anymore.

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00:21:12,760 --> 00:21:15,959
Speaker 6: The new law also caused prices to rise. A report

481
00:21:16,040 --> 00:21:17,720
Speaker 6: or ask Governor Newsom.

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00:21:17,640 --> 00:21:20,800
Speaker 9: Can Californians expect the prices of their McDonald's and Starbucks

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00:21:20,840 --> 00:21:21,040
Speaker 9: to go?

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00:21:21,200 --> 00:21:23,440
Speaker 3: I've heard that rhetoric before and it didn't happen.

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00:21:23,800 --> 00:21:26,800
Speaker 6: But it did happen in this case. Even before the

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00:21:26,840 --> 00:21:27,800
Speaker 6: new minimum took.

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00:21:27,680 --> 00:21:31,600
Speaker 9: Effect, McDonald's, Chipotle, and Starbucks already saying they planned to

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00:21:31,640 --> 00:21:34,680
Speaker 9: raise prices to offset the rising labor costs.

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00:21:34,320 --> 00:21:37,320
Speaker 6: And there was other damage. Some restaurants said.

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00:21:37,320 --> 00:21:39,679
Speaker 2: We're no longer hiring, so we're not growing in the

491
00:21:39,720 --> 00:21:40,360
Speaker 2: state anymore.

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00:21:40,440 --> 00:21:44,160
Speaker 6: Others just closed. The owner of this restaurant texted.

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00:21:44,080 --> 00:21:47,080
Speaker 5: I couldn't survive the mandated wage increases.

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00:21:46,640 --> 00:21:49,160
Speaker 2: And now that the twenty dollars minimums take an effect,

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00:21:49,440 --> 00:21:52,760
Speaker 2: restaurants in the state have increased prices by ten percent

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00:21:52,840 --> 00:21:55,640
Speaker 2: faster than all other states.

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00:21:55,680 --> 00:21:58,560
Speaker 1: Wow, I mean, guys, the proof is in the pudding, right.

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00:21:58,600 --> 00:22:01,080
Speaker 1: You can't make this stuff up. So he comes out,

499
00:22:01,119 --> 00:22:02,920
Speaker 1: he goes and does this press conference. So what did

500
00:22:02,960 --> 00:22:06,520
Speaker 1: he say. It's rhetoric, they called it. They literally pee

501
00:22:06,560 --> 00:22:10,160
Speaker 1: on you and tell you it's raining. It's rhetoric. You, guys,

502
00:22:10,200 --> 00:22:13,359
Speaker 1: go through any restaurant, any fast food, any grocery store.

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00:22:13,560 --> 00:22:15,520
Speaker 1: You're telling me that shit's not at least ten to

504
00:22:15,560 --> 00:22:18,439
Speaker 1: twenty percent more expensive. How is that possible? How do

505
00:22:18,520 --> 00:22:20,880
Speaker 1: these people just stare at us and light to us.

506
00:22:21,560 --> 00:22:23,800
Speaker 1: They literally pee on you and tell you it's raining. Guys,

507
00:22:23,960 --> 00:22:25,840
Speaker 1: I mean that stuff works. Mean, now, have a lot

508
00:22:25,880 --> 00:22:28,560
Speaker 1: of friends in the restaurant industry, and guess what's happening.

509
00:22:28,840 --> 00:22:30,439
Speaker 1: You go to a taco bell right now, I think

510
00:22:30,480 --> 00:22:32,320
Speaker 1: I want to get a couple of coffee to McDonald's.

511
00:22:32,359 --> 00:22:36,000
Speaker 1: There's only one employee in there, and everything else is automated.

512
00:22:36,280 --> 00:22:39,600
Speaker 1: The touch screen is automated. I think there's a McDonald's

513
00:22:39,640 --> 00:22:42,440
Speaker 1: I saw up somewhere in California, and what they're doing

514
00:22:42,840 --> 00:22:46,880
Speaker 1: is they're actually automating. The entire McDonald's is run by robots.

515
00:22:46,880 --> 00:22:49,560
Speaker 1: They have one human that just kind of supervises, but

516
00:22:49,600 --> 00:22:51,920
Speaker 1: you never have a human interaction. Your food comes out

517
00:22:51,920 --> 00:22:54,520
Speaker 1: in a box. Everything is made by robots, and that

518
00:22:54,640 --> 00:22:57,959
Speaker 1: is the future. That's why Elon's talking about. You know,

519
00:22:58,000 --> 00:23:01,399
Speaker 1: he does something controversial as people think he's sow to

520
00:23:01,440 --> 00:23:03,880
Speaker 1: the right or the left. What Elon came out and said,

521
00:23:03,880 --> 00:23:06,120
Speaker 1: he said, guys, we will have to in this country

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00:23:06,400 --> 00:23:10,399
Speaker 1: and able to minimum income. What do they call it, connor,

523
00:23:10,400 --> 00:23:13,080
Speaker 1: there's a word they use for but basically a minimum

524
00:23:13,119 --> 00:23:17,800
Speaker 1: income requirement, a minimum you get a check. Basically there's

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00:23:17,800 --> 00:23:20,320
Speaker 1: a there's a threshold that everybody has to get a

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00:23:20,400 --> 00:23:22,879
Speaker 1: check just to be able to survive in California because

527
00:23:22,920 --> 00:23:24,879
Speaker 1: all the layoffs that are going to come from AI

528
00:23:24,960 --> 00:23:28,080
Speaker 1: and automation. So without kind of digressing to that point,

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00:23:28,280 --> 00:23:30,399
Speaker 1: the minimum wage thing that came out, And if you

530
00:23:30,560 --> 00:23:32,800
Speaker 1: saw the very first clip, the clip early on that

531
00:23:32,840 --> 00:23:35,919
Speaker 1: we just played, they were celebrating. Those are union workers,

532
00:23:36,000 --> 00:23:38,520
Speaker 1: those are people lobbys. Oh we did it, we did it.

533
00:23:38,640 --> 00:23:40,399
Speaker 1: They got a bunch of fast food workers in the

534
00:23:40,440 --> 00:23:43,240
Speaker 1: back clapping, cool, you made an extra four bucks an hour.

535
00:23:43,560 --> 00:23:46,120
Speaker 1: But guess what, most people that work at a McDonald's,

536
00:23:46,200 --> 00:23:47,160
Speaker 1: what do you think they eat?

537
00:23:47,200 --> 00:23:47,560
Speaker 3: Connor?

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00:23:48,920 --> 00:23:50,560
Speaker 5: Probably something of the same ill.

539
00:23:50,600 --> 00:23:54,520
Speaker 1: McDonald's, pizza, hut, KFC, et cetera. So the same workers

540
00:23:54,520 --> 00:23:56,240
Speaker 1: you're trying to help. You saw it on the clip.

541
00:23:56,240 --> 00:23:58,240
Speaker 1: The gentleman's like, hey man, so now I got to

542
00:23:58,280 --> 00:24:00,000
Speaker 1: pay more money for the same shit that you're trying

543
00:24:00,200 --> 00:24:02,000
Speaker 1: and say that I'm getting paid more on and guess

544
00:24:02,000 --> 00:24:04,120
Speaker 1: what when you get paid more, what happens you're paid

545
00:24:04,119 --> 00:24:07,160
Speaker 1: more taxes. So really this is a double win for them.

546
00:24:07,480 --> 00:24:09,280
Speaker 1: They get to go online, they get to go on

547
00:24:09,320 --> 00:24:12,080
Speaker 1: air and say, hey, listen, we're helping the minimum wage workers,

548
00:24:12,240 --> 00:24:16,240
Speaker 1: when really they're burying everybody in California. Guys, California is

549
00:24:16,240 --> 00:24:19,640
Speaker 1: a beautiful state. But what's going on right now California

550
00:24:19,680 --> 00:24:22,760
Speaker 1: is turning into a shit show. So it sounded like

551
00:24:22,800 --> 00:24:25,119
Speaker 1: an angry episode tomorrow. I kind of listen to myself.

552
00:24:25,160 --> 00:24:27,320
Speaker 1: But we're gonna wrap this up here today, guys. Before

553
00:24:27,320 --> 00:24:29,240
Speaker 1: I leave, I do want to say a sincere happy

554
00:24:29,280 --> 00:24:32,080
Speaker 1: birthday char new Gemma you guys. I'm not even going

555
00:24:32,119 --> 00:24:33,880
Speaker 1: to spoil the secret about who Jema is. You guys

556
00:24:33,880 --> 00:24:35,639
Speaker 1: are gonna find out here an upcoming episode, but I

557
00:24:35,640 --> 00:24:37,760
Speaker 1: do want to wish her an happy birthday. I also

558
00:24:37,800 --> 00:24:41,280
Speaker 1: want to think I'm taking on that one. I want

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00:24:41,280 --> 00:24:43,800
Speaker 1: to thank everybody here in the studio, Adrian, Amy, Mondo,

560
00:24:43,840 --> 00:24:48,040
Speaker 1: Mary Mikaela, Jenna, Daniel Diego, Andre Lacy, Stacy Logan, Gary Carly,

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00:24:48,160 --> 00:24:51,720
Speaker 1: Kylie Connor, Pitt, Klara, Ali, Tony, Tony En Ruvie, Chris Francito,

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00:24:52,000 --> 00:24:54,439
Speaker 1: Jennifer Erica and Elvis. Now you guys, thank you for

563
00:24:54,480 --> 00:24:56,520
Speaker 1: listening to Fridays and Fridays here on Cannabis Talk one

564
00:24:56,520 --> 00:24:56,920
Speaker 1: on one.

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00:24:57,040 --> 00:24:59,000
Speaker 3: I'm Tony Kate. You can always find me on Instagram

566
00:24:59,080 --> 00:25:01,480
Speaker 3: at the week inside your investor, Remember to keep that

567
00:25:01,560 --> 00:25:04,440
Speaker 3: wallet tight. Keep in mind, right, I'm gonna see next.

568
00:25:04,240 --> 00:25:05,840
Speaker 1: Friday on Financial Fridays.

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00:25:05,880 --> 00:25:09,240
Speaker 4: Until next time, thank you for listening to Financial Fridays

570
00:25:09,240 --> 00:25:12,800
Speaker 4: with the Insider investor Tony Kay on Cannabis Talk one

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00:25:12,840 --> 00:25:17,600
Speaker 4: oh one, the world's number one source for everything cannabis,