1 00:00:03,880 --> 00:00:11,119 Speaker 1: It's that time time time, time, Luck and load. The 2 00:00:11,320 --> 00:00:13,720 Speaker 1: Michael Very Show is on the air. 3 00:00:16,040 --> 00:00:36,720 Speaker 2: Where is my automobile at like Big Legs? 4 00:00:36,800 --> 00:00:39,239 Speaker 3: Bang talks about some. 5 00:00:39,200 --> 00:00:42,280 Speaker 4: Of the violence that's been going on around the country dealerships. 6 00:00:42,479 --> 00:00:45,040 Speaker 3: Some say they should be labeled domestic terraces. 7 00:00:45,080 --> 00:00:46,320 Speaker 1: I will do that. I'll do it. 8 00:00:46,360 --> 00:00:47,240 Speaker 3: I'm going to stop them. 9 00:00:47,440 --> 00:00:50,440 Speaker 2: We catch anybody doing it because they're harming a great 10 00:00:50,520 --> 00:00:51,440 Speaker 2: American company. 11 00:00:51,520 --> 00:00:52,160 Speaker 1: Let me tell you. 12 00:00:51,920 --> 00:00:53,720 Speaker 5: You do it to Tesla, and you do it to 13 00:00:53,880 --> 00:00:56,279 Speaker 5: any company, We're going to catch you, and you're going 14 00:00:56,320 --> 00:00:57,000 Speaker 5: to go through hell. 15 00:01:00,800 --> 00:01:02,760 Speaker 1: Yes, I stop. 16 00:01:09,400 --> 00:01:12,600 Speaker 6: And you also overnight have this post claiming that protests 17 00:01:12,600 --> 00:01:16,480 Speaker 6: at Tesla dealerships are illegal. He said today he would 18 00:01:16,560 --> 00:01:22,800 Speaker 6: label violence against dealerships domestic terrorism. So just to be clear, 19 00:01:23,240 --> 00:01:25,959 Speaker 6: you protest a private company, you are labeled by this 20 00:01:25,959 --> 00:01:27,600 Speaker 6: administration and domestic terrorists. 21 00:01:27,760 --> 00:01:36,040 Speaker 1: Baby yes, stop, Baby. 22 00:01:43,200 --> 00:01:45,640 Speaker 5: Friendly agreed because as a Republican strategist, you wouldn't have 23 00:01:45,680 --> 00:01:48,000 Speaker 5: advised him to go in front of the White House 24 00:01:48,040 --> 00:01:49,480 Speaker 5: and drive a Tesla. 25 00:01:49,240 --> 00:01:51,680 Speaker 3: White Wild because of course I would have. 26 00:01:51,720 --> 00:01:54,200 Speaker 4: You know why, because if I were advising Republican president, 27 00:01:54,320 --> 00:01:57,560 Speaker 4: I would say, let's support American companies that have thousands 28 00:01:57,600 --> 00:01:58,760 Speaker 4: of American warfare. 29 00:02:00,200 --> 00:02:04,640 Speaker 1: Dom stop. 30 00:02:08,400 --> 00:02:11,880 Speaker 3: The visual of him driving a six did Joe? 31 00:02:13,880 --> 00:02:15,519 Speaker 1: Okay, we're talking about billion. 32 00:02:15,720 --> 00:02:19,720 Speaker 5: Billion Americans in the federal government making cuts and and 33 00:02:19,760 --> 00:02:22,040 Speaker 5: making business deals and then benefiting himself. 34 00:02:22,720 --> 00:02:25,560 Speaker 4: A terrible look for Donald Democrats so excited to tear 35 00:02:25,639 --> 00:02:28,400 Speaker 4: down an American company, for companies the way they are 36 00:02:28,440 --> 00:02:29,120 Speaker 4: right now, it's. 37 00:02:34,680 --> 00:02:35,040 Speaker 3: Stop. 38 00:02:47,240 --> 00:02:52,160 Speaker 7: There has there have been acts of extreme terrorism carried 39 00:02:52,200 --> 00:02:58,040 Speaker 7: out against the Tesla Corporation, and there have been acts 40 00:02:58,040 --> 00:03:10,000 Speaker 7: of terrorism, vandal menacing, intimidation, assault against Tesla owners. And 41 00:03:10,120 --> 00:03:13,959 Speaker 7: this sort of nonsense has to stop. You know how 42 00:03:13,960 --> 00:03:20,519 Speaker 7: it stops. Rack your brain and see if you remember 43 00:03:21,280 --> 00:03:26,040 Speaker 7: the name Michael Fay. Do you remember that name, Jim, 44 00:03:26,080 --> 00:03:27,240 Speaker 7: Do you remember the name Michael Fay? 45 00:03:28,600 --> 00:03:28,760 Speaker 5: Yeah? 46 00:03:28,960 --> 00:03:31,280 Speaker 1: Very good? Yeah. Singapore. Yeah. 47 00:03:31,320 --> 00:03:34,520 Speaker 7: I wonder how many other people got that. In nineteen 48 00:03:34,600 --> 00:03:40,920 Speaker 7: ninety four, Michael Fay, an American who at the time 49 00:03:41,360 --> 00:03:44,480 Speaker 7: was She's born in seventy five, so he'd have been 50 00:03:44,520 --> 00:03:52,200 Speaker 7: nineteen eighteen or nineteen. He was engaged in vandalism of 51 00:03:52,280 --> 00:03:58,680 Speaker 7: automobiles in Singapore. And as the kids say, Singapore don't play. 52 00:03:59,640 --> 00:04:07,320 Speaker 7: So Singapore a nation that had an incredible, incredible growth 53 00:04:07,360 --> 00:04:12,080 Speaker 7: and development since about nineteen sixty. You know, there is 54 00:04:12,120 --> 00:04:16,040 Speaker 7: the transformation of China, and you know, the great leap 55 00:04:16,120 --> 00:04:22,320 Speaker 7: forward and the mass starvation and then the move in 56 00:04:22,360 --> 00:04:27,600 Speaker 7: the seventies to begin to open up and all the 57 00:04:27,640 --> 00:04:32,200 Speaker 7: transformation of China gets a lot of ink. But what 58 00:04:32,320 --> 00:04:39,600 Speaker 7: nobody pays attention to is Singapore. Now, what Singapore did 59 00:04:40,279 --> 00:04:44,679 Speaker 7: is I will quote what John Lefay wrote on Twitter, 60 00:04:44,720 --> 00:04:49,200 Speaker 7: having lived there himself for some period of time, he 61 00:04:51,320 --> 00:04:54,280 Speaker 7: had a comment about this. Well, let me go back 62 00:04:54,320 --> 00:05:00,719 Speaker 7: to Michael Fay. Michael Fay was this little hunk American 63 00:05:01,600 --> 00:05:05,320 Speaker 7: who vandalized these cars, and in nineteen ninety four they 64 00:05:05,360 --> 00:05:08,080 Speaker 7: caught him. He doesn't deny he did it, so it's 65 00:05:08,080 --> 00:05:11,400 Speaker 7: not a question of mistaken identity or you know, political persecution. 66 00:05:12,760 --> 00:05:17,279 Speaker 7: He was sentenced to be caned six times for violation 67 00:05:17,400 --> 00:05:20,919 Speaker 7: of the Vandalism Act. Well, it wasn't that he was 68 00:05:20,960 --> 00:05:27,119 Speaker 7: being caned more than a Singaporean would be. It wasn't 69 00:05:27,160 --> 00:05:30,840 Speaker 7: that he was a political prisoner. It wasn't that they 70 00:05:30,839 --> 00:05:33,200 Speaker 7: were trying to do some hostage or you know, prisoner 71 00:05:33,320 --> 00:05:36,280 Speaker 7: exchange and they picked on him. No, No, it was 72 00:05:37,000 --> 00:05:42,120 Speaker 7: he committed a crime in Singapore and they were applying 73 00:05:42,160 --> 00:05:49,719 Speaker 7: the laws to him, and so as a result, Americans 74 00:05:49,720 --> 00:05:53,680 Speaker 7: went crazy. They didn't they didn't want him to be punished. 75 00:05:55,040 --> 00:05:58,280 Speaker 7: Do the crime do the time you're in Singapore, you 76 00:05:58,320 --> 00:06:03,280 Speaker 7: shouldn't get special protections because and here's the difference, Singapore 77 00:06:03,360 --> 00:06:08,640 Speaker 7: gives a damn about safety and security, about law and order. 78 00:06:10,760 --> 00:06:15,400 Speaker 1: So this Lee qn you. 79 00:06:16,600 --> 00:06:22,479 Speaker 7: The leader Melissa Chen, who is an influencer of personality, 80 00:06:22,520 --> 00:06:26,840 Speaker 7: a commentator, she posted a picture that said, you want 81 00:06:26,880 --> 00:06:29,280 Speaker 7: to stop all the spray painting and burning of Tesla 82 00:06:29,360 --> 00:06:33,000 Speaker 7: cars and trucks going on in America, you already know 83 00:06:33,160 --> 00:06:37,880 Speaker 7: the solution, and she had the former leader of Singapore's picture, 84 00:06:37,960 --> 00:06:42,520 Speaker 7: a stern picture and John lefav who's a clever fellow 85 00:06:42,560 --> 00:06:46,320 Speaker 7: that I follow with the background in finance and commentary. 86 00:06:46,600 --> 00:06:50,239 Speaker 7: Pretty sharp guy. He wrote, living in Singapore was cool, 87 00:06:50,440 --> 00:06:52,359 Speaker 7: but after a while it felt like being stuck in 88 00:06:52,360 --> 00:06:55,640 Speaker 7: sim City or at the Epcot Center. Too sterile, too obedient, 89 00:06:55,720 --> 00:06:58,800 Speaker 7: and not enough grit. So I wouldn't want America to 90 00:06:58,839 --> 00:07:04,080 Speaker 7: be Singapore, but we would certainly benefit from certain aspects 91 00:07:04,200 --> 00:07:08,880 Speaker 7: of Lee Kun lequan use vision, especially when it comes 92 00:07:08,920 --> 00:07:14,520 Speaker 7: to addressing unlawfulness. In nineteen sixty, Singapore was an impoverished 93 00:07:14,600 --> 00:07:18,080 Speaker 7: swamp with no natural resources. Today it's one of the 94 00:07:18,120 --> 00:07:22,480 Speaker 7: richest places on Earth. And while its transition has been astounding, 95 00:07:23,120 --> 00:07:30,880 Speaker 7: the underlying principle behind its success are pretty simple. Meritocracy, exceptionalism, incorruptibility, 96 00:07:31,400 --> 00:07:38,160 Speaker 7: efficient government, low taxes, a pragmatic human capital approach to immigration, 97 00:07:39,040 --> 00:07:47,200 Speaker 7: business friendly regulations, law and order. You know, I'm a 98 00:07:47,240 --> 00:07:53,560 Speaker 7: libertarian at heart, and so I struggle with some of 99 00:07:53,600 --> 00:07:57,720 Speaker 7: the aspects of law and order. But you see what 100 00:07:57,880 --> 00:08:00,760 Speaker 7: has happened in this country, which is the collapse of 101 00:08:00,840 --> 00:08:04,480 Speaker 7: law and order, whether it's Black Lives Matter or Antifa 102 00:08:04,720 --> 00:08:08,960 Speaker 7: or you know, blowing up Tesla's. There has to be 103 00:08:09,000 --> 00:08:13,160 Speaker 7: a snapback. There have to be people arrested and punished 104 00:08:13,560 --> 00:08:17,680 Speaker 7: and deported. We have to restore order in this country. 105 00:08:17,800 --> 00:08:23,320 Speaker 1: Period. Briskets and Barry. Letting it all hang out, going 106 00:08:23,360 --> 00:08:25,920 Speaker 1: against the grain is what we do on. 107 00:08:25,880 --> 00:08:32,040 Speaker 7: The Michael Berry Show. If you're thinking to yourself, wait 108 00:08:32,080 --> 00:08:36,200 Speaker 7: a second, that doesn't sound like Jon Jet, then you 109 00:08:36,280 --> 00:08:39,960 Speaker 7: don't know what song Joan Jet was covering. Ask your 110 00:08:40,000 --> 00:08:43,800 Speaker 7: parents and they'll tell you, Oh, that's Tommy James and 111 00:08:43,800 --> 00:08:48,240 Speaker 7: the Chandelle's. It's about nineteen sixty eight. That's a song 112 00:08:48,320 --> 00:08:51,520 Speaker 7: right there by the way. You want to know some 113 00:08:51,679 --> 00:08:54,280 Speaker 7: other good covers of that song, Joon Jett did a 114 00:08:54,280 --> 00:09:00,120 Speaker 7: good one, Cher actually did a good one her politics aside, 115 00:09:00,440 --> 00:09:04,520 Speaker 7: and Prince did a pretty darn good cover. We don't 116 00:09:04,559 --> 00:09:07,400 Speaker 7: talk enough about Tommy James and the Shondelle's. 117 00:09:07,760 --> 00:09:08,960 Speaker 1: We're not gonna do it here. 118 00:09:09,840 --> 00:09:13,760 Speaker 7: But if you think about Money Mooney and how big 119 00:09:13,800 --> 00:09:16,440 Speaker 7: Money Mooney was, which, of course, as you know, was remade. 120 00:09:16,960 --> 00:09:19,480 Speaker 7: I mean it's a pretty good sign that your music 121 00:09:19,640 --> 00:09:24,480 Speaker 7: is remade by people to kind of to launch their careers. 122 00:09:25,120 --> 00:09:28,840 Speaker 7: But anyway, after Money Mooney they take a whole new 123 00:09:28,920 --> 00:09:33,400 Speaker 7: direction with Crimson Clover and it's a great song. And 124 00:09:33,440 --> 00:09:36,359 Speaker 7: if you're too young to know about Tommy James and Shondelle's, 125 00:09:37,320 --> 00:09:40,120 Speaker 7: ask your parents or your grandparents, and I'll guarantee you 126 00:09:40,720 --> 00:09:43,559 Speaker 7: that they made out in the very big back seat 127 00:09:44,600 --> 00:09:48,800 Speaker 7: of I don't know, a sixty nine Coop or a 128 00:09:48,920 --> 00:09:51,640 Speaker 7: mock five was it? The mock five was the Mustang, 129 00:09:52,760 --> 00:09:55,560 Speaker 7: the big Mustang with that big back seat. It's hard 130 00:09:55,600 --> 00:09:58,800 Speaker 7: for young people to understand how important a back seat 131 00:09:59,360 --> 00:10:03,800 Speaker 7: was in the sixties, seventies, eighties because that's not something 132 00:10:04,120 --> 00:10:07,880 Speaker 7: you know, these teslas, they don't really even have a backseat. 133 00:10:08,720 --> 00:10:14,520 Speaker 7: And anyway, more on that in a moment. So Ramon 134 00:10:14,600 --> 00:10:18,200 Speaker 7: Robles is suspended for this week with pay, and he's 135 00:10:18,200 --> 00:10:20,920 Speaker 7: not taking it well, sending us pictures of him and 136 00:10:20,960 --> 00:10:24,319 Speaker 7: his wife and his kids out in the snow in Alberta, Canada. 137 00:10:24,760 --> 00:10:27,440 Speaker 7: Why he went to Canada. We don't know if they're 138 00:10:27,440 --> 00:10:29,280 Speaker 7: even going to let him come back, although I can't 139 00:10:29,280 --> 00:10:31,640 Speaker 7: imagine they'd want to keep him. But Jim and I 140 00:10:32,120 --> 00:10:34,920 Speaker 7: it created an occasion where Jim Mudd and I we're 141 00:10:34,920 --> 00:10:41,120 Speaker 7: having a conversation about Howard Lutnick, the Commerce Secretary, is 142 00:10:41,840 --> 00:10:44,840 Speaker 7: the most thoughtful commerce secretary we've had in a very 143 00:10:44,880 --> 00:10:48,000 Speaker 7: long time. In fact, I don't know, I can't think 144 00:10:48,040 --> 00:10:53,600 Speaker 7: of a Commerce secretary we've had who was better able 145 00:10:54,000 --> 00:10:58,440 Speaker 7: to explain economic policies than him. I mean, you had 146 00:10:58,480 --> 00:11:01,600 Speaker 7: Bob Mossbacker, who I think is a great feelmaker. You 147 00:11:01,679 --> 00:11:04,199 Speaker 7: had Ron Brown, he checked the box, as you know 148 00:11:04,559 --> 00:11:07,440 Speaker 7: in the Clinton presidency, as you know, the token guy 149 00:11:07,440 --> 00:11:09,440 Speaker 7: you had to have. And of course he's most famous 150 00:11:09,480 --> 00:11:13,880 Speaker 7: for dining and dining in a car crash. But Howard 151 00:11:13,960 --> 00:11:18,400 Speaker 7: Lutnick is an inspired choice at Commerce Secretary. I'm going 152 00:11:18,480 --> 00:11:23,600 Speaker 7: to play for you a clip of Lutnik talking about 153 00:11:24,360 --> 00:11:27,440 Speaker 7: you know, one of the things you have to you 154 00:11:27,520 --> 00:11:33,920 Speaker 7: have to appreciate about Trump and this is an entrepreneurial approach. 155 00:11:34,679 --> 00:11:39,200 Speaker 7: We're not used to having entrepreneurs in our government, and 156 00:11:39,520 --> 00:11:45,040 Speaker 7: entrepreneurs see opportunity where other people don't. And entrepreneurs have 157 00:11:45,160 --> 00:11:50,000 Speaker 7: certain personality types or have certain personality traits that we 158 00:11:50,200 --> 00:11:53,400 Speaker 7: have never seen in government before in our lifetimes. And 159 00:11:53,440 --> 00:11:55,760 Speaker 7: by the way, Ronald Reagan wasn't an entrepreneur. 160 00:11:56,360 --> 00:11:57,080 Speaker 1: George H. W. 161 00:11:57,200 --> 00:12:06,080 Speaker 7: Bush not an entrepreneur, Clinton, Bush, Obama, Biden, these guys 162 00:12:06,120 --> 00:12:11,880 Speaker 7: were not entrepreneurs, not one of them. Ford Nixon, LBJ. Eisenhower. 163 00:12:12,880 --> 00:12:16,480 Speaker 7: These are guys who paint within the lines. They don't 164 00:12:16,520 --> 00:12:19,920 Speaker 7: look for new and innovative ways to solve a problem. 165 00:12:20,320 --> 00:12:25,920 Speaker 7: They don't look An entrepreneur starts with the problem, what 166 00:12:26,160 --> 00:12:31,520 Speaker 7: problem do people face? And then looks to craft a solution. Now, 167 00:12:31,559 --> 00:12:35,640 Speaker 7: a very unique entrepreneur with Steve Jobs, and Steve Jobs 168 00:12:36,360 --> 00:12:40,400 Speaker 7: had the approach that I'm going to solve a problem 169 00:12:41,080 --> 00:12:44,760 Speaker 7: that people don't even know they have yet. And the 170 00:12:45,040 --> 00:12:48,360 Speaker 7: fellow was so good at it that when he solved 171 00:12:48,360 --> 00:12:48,880 Speaker 7: the problem. 172 00:12:48,920 --> 00:12:49,920 Speaker 1: You didn't know you had. 173 00:12:50,800 --> 00:12:53,719 Speaker 7: You now had the problem, and you couldn't live without it. 174 00:12:55,160 --> 00:12:59,960 Speaker 7: So when he created a phone that was also Internet capable, 175 00:13:00,280 --> 00:13:03,400 Speaker 7: that also had all your music, that also had a 176 00:13:03,480 --> 00:13:06,440 Speaker 7: camera in it, you didn't know you had to have it. 177 00:13:06,640 --> 00:13:11,160 Speaker 7: Now you can't live without it. That's pretty impressive. But 178 00:13:11,280 --> 00:13:14,079 Speaker 7: so what Trump has figured out here, how long is 179 00:13:14,120 --> 00:13:17,959 Speaker 7: that clip? Jim two seventeen? All right, we'll get to 180 00:13:18,040 --> 00:13:19,280 Speaker 7: it in the next segment because I don't want to 181 00:13:19,280 --> 00:13:22,200 Speaker 7: have to cut it short. So what Trump has figured 182 00:13:22,200 --> 00:13:28,880 Speaker 7: out is, we've got two challenges. We've got to fund 183 00:13:28,880 --> 00:13:32,640 Speaker 7: our government. So you have to decide how much money 184 00:13:32,640 --> 00:13:34,439 Speaker 7: are you going to spend on your government, and then 185 00:13:34,520 --> 00:13:36,720 Speaker 7: you have to decide how are you going to find 186 00:13:36,720 --> 00:13:40,760 Speaker 7: that money. So this was the basis of zero based budgeting. 187 00:13:40,960 --> 00:13:44,000 Speaker 7: It was a big deal twenty five years ago, and 188 00:13:44,040 --> 00:13:49,040 Speaker 7: the idea was and every year at budget time, whether 189 00:13:49,080 --> 00:13:52,640 Speaker 7: it was city, county, state, federal, and many companies operate 190 00:13:52,679 --> 00:13:56,200 Speaker 7: on this basis. You would this year's budget, you would 191 00:13:56,200 --> 00:13:58,920 Speaker 7: get what you got last year plus a little bit more. 192 00:13:59,559 --> 00:14:04,360 Speaker 7: And zero based budgeting said, you're baking in bad decisions 193 00:14:05,280 --> 00:14:11,400 Speaker 7: if you give the drilling committee a million dollars. 194 00:14:12,440 --> 00:14:15,120 Speaker 1: Then they're going to spend a million dollars. And this 195 00:14:15,320 --> 00:14:16,600 Speaker 1: was the rush of December. 196 00:14:16,880 --> 00:14:20,960 Speaker 7: Ask an office depot employee, Ask ask anybody in the 197 00:14:21,040 --> 00:14:23,960 Speaker 7: in the paper supply of business or the office supply business, 198 00:14:24,840 --> 00:14:28,080 Speaker 7: what would happen in December? People come rushing in and 199 00:14:28,080 --> 00:14:30,960 Speaker 7: buying stuff. Computer companies, You'd sell a lot of You'd 200 00:14:30,960 --> 00:14:32,800 Speaker 7: sell a lot of computers at the end of the 201 00:14:32,880 --> 00:14:35,240 Speaker 7: year because they had to use up all their money. Well, 202 00:14:35,240 --> 00:14:38,480 Speaker 7: this is an inefficient way to run things. Maybe they 203 00:14:38,520 --> 00:14:41,080 Speaker 7: shouldn't have been given a million bucks. Maybe that department 204 00:14:41,080 --> 00:14:44,440 Speaker 7: should have only had eight hundred thousand. So zero based 205 00:14:44,480 --> 00:14:47,080 Speaker 7: budgeting was based on the idea, let's go back to zero, 206 00:14:47,680 --> 00:14:49,520 Speaker 7: and now I want you to justify what you get 207 00:14:49,560 --> 00:14:52,320 Speaker 7: and not based on that's what you've always had, that's 208 00:14:52,360 --> 00:14:55,120 Speaker 7: the way we've always done. It is a terrible way 209 00:14:55,240 --> 00:14:57,120 Speaker 7: to decide how we're going to do it going forward. 210 00:14:58,120 --> 00:15:04,080 Speaker 7: So what Trump is doing doing is shattering every pillar 211 00:15:04,920 --> 00:15:10,520 Speaker 7: that underpins our government and questioning and let. 212 00:15:10,360 --> 00:15:11,720 Speaker 1: Me taste them. 213 00:15:11,760 --> 00:15:16,760 Speaker 7: An inquisitive mind, an open mind, a willingness to fail. 214 00:15:17,080 --> 00:15:20,760 Speaker 7: You know, people in government and people who never attempt 215 00:15:20,800 --> 00:15:24,480 Speaker 7: anything love to tear down the person who fails. That's 216 00:15:24,480 --> 00:15:29,520 Speaker 7: what you've watched with with Elon Musk with the spaceship crashes. Well, 217 00:15:29,520 --> 00:15:31,920 Speaker 7: guess what, NASA had a lot of crashes and you 218 00:15:31,920 --> 00:15:35,360 Speaker 7: didn't ridicule them, and they spent one hundred times what 219 00:15:35,440 --> 00:15:39,720 Speaker 7: Elon did. And he's accomplished things they've never accomplished. So 220 00:15:40,360 --> 00:15:42,360 Speaker 7: and he's also accompished a lot of other other things. 221 00:15:43,160 --> 00:15:46,200 Speaker 7: So there is this idea in Trump's mind. And this 222 00:15:46,360 --> 00:15:49,440 Speaker 7: is why bringing in outside people with different backgrounds, whether 223 00:15:49,480 --> 00:15:54,160 Speaker 7: it's cash Betel at the FBI or hag Seth at Defense. 224 00:15:55,120 --> 00:15:57,760 Speaker 7: This idea that who says we have to tax people 225 00:15:57,800 --> 00:15:59,560 Speaker 7: on the basis of an income tax, who says that 226 00:16:00,120 --> 00:16:01,120 Speaker 7: year old tears. 227 00:16:00,880 --> 00:16:07,840 Speaker 5: Start here, that our country is failing you today, invest 228 00:16:07,880 --> 00:16:09,240 Speaker 5: in Kleenex, ladies and gentlemen. 229 00:16:09,960 --> 00:16:18,000 Speaker 7: And this is the Michael Arry Show. So let's shatter 230 00:16:18,120 --> 00:16:20,400 Speaker 7: every notion we have of how to run our federal 231 00:16:20,400 --> 00:16:24,800 Speaker 7: government for a moment. That in and of itself is 232 00:16:24,840 --> 00:16:29,320 Speaker 7: a radical act. The idea that you could think anew 233 00:16:29,720 --> 00:16:37,840 Speaker 7: about something, It's just fascinating. It's absolutely fascinating, and it 234 00:16:37,960 --> 00:16:43,080 Speaker 7: is the sign of a highly developed mind to be 235 00:16:43,160 --> 00:16:45,240 Speaker 7: willing to put aside everything you've ever known. 236 00:16:46,120 --> 00:16:46,680 Speaker 1: I think we. 237 00:16:46,760 --> 00:16:52,720 Speaker 7: Began the income tax in about nineteen thirteen, it's around 238 00:16:52,760 --> 00:16:57,680 Speaker 7: that time, so one hundred and ten years, give or take, 239 00:16:58,720 --> 00:17:02,200 Speaker 7: we've even had an income tax. How on earth did 240 00:17:02,240 --> 00:17:08,160 Speaker 7: we operate up to the beginning of World War One 241 00:17:08,400 --> 00:17:12,720 Speaker 7: without you having to give a substantial portion of your 242 00:17:12,760 --> 00:17:19,040 Speaker 7: earnings to the federal government. And guess what happened once 243 00:17:19,119 --> 00:17:26,080 Speaker 7: they had this dedicated revenue source, which is confiscating your money, 244 00:17:26,800 --> 00:17:28,800 Speaker 7: they had more money than it took to run the government. 245 00:17:29,680 --> 00:17:34,280 Speaker 7: So they just started expanding. And how did they do that, Well, 246 00:17:34,320 --> 00:17:37,320 Speaker 7: they started telling people the government could solve this problem 247 00:17:37,359 --> 00:17:41,440 Speaker 7: for you and this problem, and the good people didn't 248 00:17:41,520 --> 00:17:46,000 Speaker 7: recognize there's a cost to government solving all my problems. 249 00:17:46,720 --> 00:17:51,720 Speaker 7: And by the way, government can't solve your problems. It'd 250 00:17:51,760 --> 00:17:54,080 Speaker 7: be far more efficient for you to keep your money 251 00:17:54,560 --> 00:17:57,879 Speaker 7: and solve your problems yourself. The people who need the 252 00:17:57,920 --> 00:18:00,920 Speaker 7: government to solve their problems, or the people who don't 253 00:18:00,960 --> 00:18:05,200 Speaker 7: manage their money well, or who don't work, or who 254 00:18:05,280 --> 00:18:08,120 Speaker 7: have vices that take all their money, or who are 255 00:18:08,160 --> 00:18:10,520 Speaker 7: like children and want the government to be their parent, 256 00:18:12,080 --> 00:18:14,399 Speaker 7: these are the wards of the state. These are the 257 00:18:14,400 --> 00:18:18,920 Speaker 7: types of people who embrace socialism. So Trump, to his credit, says, 258 00:18:18,960 --> 00:18:24,840 Speaker 7: wait a second, what if instead of funding our government 259 00:18:25,680 --> 00:18:30,119 Speaker 7: off the backs of labor. Because the largest revenue source 260 00:18:30,160 --> 00:18:34,240 Speaker 7: to the federal government in this country is that when 261 00:18:34,359 --> 00:18:40,560 Speaker 7: you do work for someone else and you exchange your 262 00:18:40,680 --> 00:18:45,120 Speaker 7: labor and they pay you for that, you perform tasks 263 00:18:45,400 --> 00:18:48,960 Speaker 7: and they give you currency for that. Every single time 264 00:18:49,040 --> 00:18:52,640 Speaker 7: that happens, the federal government steps in between the two 265 00:18:52,640 --> 00:18:53,800 Speaker 7: of you and says, wait a. 266 00:18:53,760 --> 00:18:57,000 Speaker 1: Minute, give me my tathe. 267 00:18:57,240 --> 00:19:01,639 Speaker 7: Like the mafia, they take a portion. They didn't deliver 268 00:19:01,800 --> 00:19:05,159 Speaker 7: your labor to the employer, and they didn't help the 269 00:19:05,160 --> 00:19:08,600 Speaker 7: employer pay you for that labor, but they feel the 270 00:19:08,640 --> 00:19:13,800 Speaker 7: need to step in and take part of that. Well, 271 00:19:13,800 --> 00:19:19,200 Speaker 7: that's that's what folks have grown accustomed to. Milton Friedman, 272 00:19:19,240 --> 00:19:25,240 Speaker 7: great economist, early in his career advising the government was 273 00:19:25,320 --> 00:19:28,919 Speaker 7: part of the dedicated withdrawal of your taxes before you 274 00:19:28,960 --> 00:19:32,840 Speaker 7: ever see your check. So if you make fifty thousand 275 00:19:32,880 --> 00:19:36,359 Speaker 7: dollars or you make forty eight thousand dollars, you don't 276 00:19:36,359 --> 00:19:39,240 Speaker 7: see four thousand dollars on each monthly check, or two 277 00:19:39,280 --> 00:19:41,800 Speaker 7: thousand on your bi weekly or one thousand on your weekly. 278 00:19:42,160 --> 00:19:44,800 Speaker 7: You don't see that. You see far less than that, 279 00:19:45,560 --> 00:19:49,159 Speaker 7: and you grow accustomed to your take home pay. So 280 00:19:49,720 --> 00:19:53,359 Speaker 7: the portion that the government is taking from you, confiscating 281 00:19:53,400 --> 00:19:58,159 Speaker 7: from you before you ever see it, it becomes in 282 00:19:58,200 --> 00:20:00,879 Speaker 7: the back of your mind something that never belonged to 283 00:20:00,920 --> 00:20:04,679 Speaker 7: you in the first place. And we've grown so accustomed 284 00:20:04,760 --> 00:20:07,840 Speaker 7: to that that it doesn't even bother us. In the 285 00:20:07,880 --> 00:20:10,000 Speaker 7: same way that if you live in a neighborhood with 286 00:20:10,080 --> 00:20:13,160 Speaker 7: their gunshots every night, it doesn't even wake you up anymore, 287 00:20:13,440 --> 00:20:17,439 Speaker 7: or sirens or any number of other things. It becomes 288 00:20:17,600 --> 00:20:21,919 Speaker 7: light white noise to you. Well, you become numb to 289 00:20:22,040 --> 00:20:25,040 Speaker 7: the idea of your money being confiscated by the government. 290 00:20:26,480 --> 00:20:31,320 Speaker 7: So President Trump has said, wait a minute. Our most 291 00:20:31,480 --> 00:20:37,800 Speaker 7: powerful economic asset is the marketplace of America. This is 292 00:20:37,880 --> 00:20:39,560 Speaker 7: very important. This is the most important thing you're going 293 00:20:39,640 --> 00:20:43,000 Speaker 7: to hear me say today. Trump understands something that no 294 00:20:43,080 --> 00:20:47,440 Speaker 7: other president has been willing to express. Our most powerful 295 00:20:47,520 --> 00:20:54,639 Speaker 7: economic asset is our consumer marketplace. The entire world wants 296 00:20:54,680 --> 00:21:00,720 Speaker 7: to sell products into this marketplace. Trump understands this, and 297 00:21:00,760 --> 00:21:04,560 Speaker 7: Trump says, wait a minute. If you want to sell 298 00:21:04,600 --> 00:21:08,600 Speaker 7: to my people, it's going to cost you. So what 299 00:21:08,640 --> 00:21:11,080 Speaker 7: he's talking about is a membership fee, same way you 300 00:21:11,160 --> 00:21:16,160 Speaker 7: might pay a membership fee at Sam's, the offshoot of Walmart. 301 00:21:16,800 --> 00:21:18,960 Speaker 7: Same way you might pay a membership fee to get 302 00:21:18,960 --> 00:21:22,440 Speaker 7: to play golf at the country club or any number. 303 00:21:22,160 --> 00:21:24,080 Speaker 1: Of other buyers clubs, or whatever else. 304 00:21:25,280 --> 00:21:27,840 Speaker 7: So here is Howard Luttnik, who I can't begin to 305 00:21:27,840 --> 00:21:31,639 Speaker 7: tell you what music to my ears it is to 306 00:21:31,720 --> 00:21:36,600 Speaker 7: hear a commerce secretary that's able to speak in intellectual 307 00:21:36,720 --> 00:21:39,480 Speaker 7: economic terms. So give this a listen. 308 00:21:40,440 --> 00:21:43,560 Speaker 6: It sounds like you're saying, trust us, and are you 309 00:21:43,680 --> 00:21:46,800 Speaker 6: worried that at some point Americans are going to feel 310 00:21:46,880 --> 00:21:49,640 Speaker 6: like there's a bunch of billionaires in Washington who are 311 00:21:49,640 --> 00:21:51,959 Speaker 6: playing Russian Roulette with our retirement. 312 00:21:53,880 --> 00:21:58,880 Speaker 5: Two trillion dollar deficits don't bother you at all? 313 00:22:00,080 --> 00:22:02,439 Speaker 3: How could you ask me while we're. 314 00:22:02,320 --> 00:22:07,240 Speaker 5: Running a two trillion dollar deficit and not care you're 315 00:22:07,280 --> 00:22:11,320 Speaker 5: destroying the people who have run this country before, are 316 00:22:11,440 --> 00:22:15,680 Speaker 5: destroying the future for my children and my children's children. 317 00:22:16,000 --> 00:22:16,800 Speaker 3: I can't have. 318 00:22:16,720 --> 00:22:19,920 Speaker 5: A fifty seventy five We have a thirty six trillion 319 00:22:20,040 --> 00:22:22,800 Speaker 5: dollar deficit, and then we used to run deficits of 320 00:22:22,880 --> 00:22:27,200 Speaker 5: four hundred billion, now two trillion. Everybody who cares. I'll 321 00:22:27,200 --> 00:22:30,000 Speaker 5: tell you what. Who cares? Donald Trump cares. And when 322 00:22:30,040 --> 00:22:32,280 Speaker 5: we balance the budget, you know what that means. That 323 00:22:32,320 --> 00:22:36,800 Speaker 5: means our deficits stop, interest rates come smashing down. His 324 00:22:36,960 --> 00:22:40,680 Speaker 5: goal is to have external revenue. You know, the way 325 00:22:40,720 --> 00:22:43,000 Speaker 5: I think about it. We all are so used to 326 00:22:43,000 --> 00:22:45,919 Speaker 5: paying taxes. We're so used to it. We have like 327 00:22:46,240 --> 00:22:47,320 Speaker 5: Stockholm syndrome. 328 00:22:47,520 --> 00:22:47,720 Speaker 4: You know. 329 00:22:47,840 --> 00:22:51,760 Speaker 3: Don't stop the internal revenue service. God forbid. How about this? 330 00:22:52,640 --> 00:22:56,560 Speaker 5: The rest of the world leans on our economy, breathes 331 00:22:56,640 --> 00:22:59,480 Speaker 5: off our economy. Not only is our economy twenty nine 332 00:22:59,560 --> 00:23:05,440 Speaker 5: trillion dollarge GDP, but we consume twenty trillion dollars a year. 333 00:23:05,800 --> 00:23:11,040 Speaker 5: We are the buyer of everybody's stuff. We buy everybody's stuff. 334 00:23:11,320 --> 00:23:14,320 Speaker 5: So who is more important the people who sell stuff 335 00:23:14,800 --> 00:23:16,000 Speaker 5: or the people who buy stuff? 336 00:23:16,359 --> 00:23:18,360 Speaker 3: So we are the buyer of. 337 00:23:18,520 --> 00:23:23,320 Speaker 5: Everybody's commodities, products, goods, and services. 338 00:23:23,520 --> 00:23:26,000 Speaker 3: Everything comes from us. Right. 339 00:23:26,200 --> 00:23:30,000 Speaker 5: Let them pay a membership fee. 340 00:23:30,440 --> 00:23:32,080 Speaker 3: We all understand that model. 341 00:23:32,440 --> 00:23:36,200 Speaker 5: Let them pay How about we, you and I and 342 00:23:36,320 --> 00:23:38,639 Speaker 5: every single person we know pay less? How about no 343 00:23:38,680 --> 00:23:41,119 Speaker 5: tax on tips, how about no tax on overtime? How 344 00:23:41,119 --> 00:23:44,879 Speaker 5: about no social security? How about all those things? These 345 00:23:45,080 --> 00:23:48,199 Speaker 5: are the kind of thoughts that will change America. I 346 00:23:48,240 --> 00:23:52,000 Speaker 5: know what his goal is, no tax for anybody who 347 00:23:52,000 --> 00:23:54,120 Speaker 5: makes less than one hundred and fifty thousand dollars a year. 348 00:23:54,480 --> 00:23:57,160 Speaker 3: That's his goal. That's what I'm working for. 349 00:23:58,880 --> 00:24:04,160 Speaker 7: These are radical, cool notions. Why shouldn't we have these conversations. 350 00:24:06,760 --> 00:24:11,960 Speaker 7: Why shouldn't we challenge these things? Why shouldn't every American 351 00:24:12,040 --> 00:24:16,280 Speaker 7: be rejoicing at the idea? Not just folks who make 352 00:24:16,359 --> 00:24:19,480 Speaker 7: under one hundred and fifty thousand dollars. Folks who make 353 00:24:19,560 --> 00:24:22,680 Speaker 7: more than that should be happy because guess what that means. 354 00:24:22,680 --> 00:24:25,720 Speaker 7: Your neighbors who don't make as much as you would 355 00:24:25,760 --> 00:24:28,280 Speaker 7: have an easier time. That means more of your own 356 00:24:28,320 --> 00:24:31,560 Speaker 7: money for yourself to spend as you wish, however you want. 357 00:24:32,880 --> 00:24:35,120 Speaker 7: What a glorious I mean, this should be the most 358 00:24:35,160 --> 00:24:38,639 Speaker 7: exciting thing in government we've heard in a decade, a 359 00:24:38,720 --> 00:24:45,800 Speaker 7: five decades. This is the Michael barrishell on our flagship 360 00:24:45,840 --> 00:24:50,560 Speaker 7: station in Houston, KTRH News Radio seven forty KRH will 361 00:24:50,760 --> 00:24:54,960 Speaker 7: there will always be a story just before that weekend saying, 362 00:24:54,960 --> 00:25:00,399 Speaker 7: you know, this weekend is tax free weekend, and a 363 00:25:00,440 --> 00:25:03,400 Speaker 7: lot of folks, especially working class folks, are counting their pennies, 364 00:25:04,680 --> 00:25:09,120 Speaker 7: will wait until that weekend to buy anything they're buying for. 365 00:25:09,119 --> 00:25:12,119 Speaker 1: Their kid for their back to school supplies. 366 00:25:13,640 --> 00:25:20,520 Speaker 7: Teachers who often buy supplies themselves for their classroom, and 367 00:25:20,600 --> 00:25:24,240 Speaker 7: some of them because they're saints. These that do this 368 00:25:25,040 --> 00:25:28,080 Speaker 7: will buy extra supplies for the kids in their class 369 00:25:28,280 --> 00:25:33,040 Speaker 7: whose parents can't or won't buy them supplies. Let us 370 00:25:33,080 --> 00:25:36,440 Speaker 7: never forget there are wonderful teachers out there. Don't let 371 00:25:36,520 --> 00:25:39,359 Speaker 7: Randy Winingarten ruin it for you make you think that 372 00:25:39,400 --> 00:25:44,280 Speaker 7: all teachers are evil, or all cops are evil, or 373 00:25:44,480 --> 00:25:49,600 Speaker 7: all Republicans are evil or whatever else. So that tax 374 00:25:49,600 --> 00:25:55,600 Speaker 7: free weekend becomes a huge deal because it's money that 375 00:25:55,760 --> 00:26:01,280 Speaker 7: is saved. You know, government stealing your money confiscating what 376 00:26:01,359 --> 00:26:05,800 Speaker 7: you have is not a faye at a company. It 377 00:26:05,840 --> 00:26:09,159 Speaker 7: doesn't have to happen. And what Trump is doing is 378 00:26:09,240 --> 00:26:13,000 Speaker 7: challenging the notion that we have to take people's money 379 00:26:13,000 --> 00:26:13,760 Speaker 7: that they earn. 380 00:26:14,760 --> 00:26:19,680 Speaker 1: Why would we do this? It's evil. Every American should 381 00:26:19,680 --> 00:26:20,120 Speaker 1: say no. 382 00:26:21,920 --> 00:26:25,639 Speaker 7: People don't cheat on their taxes because they're evil people. 383 00:26:26,600 --> 00:26:29,280 Speaker 7: They cheat on their taxes because they're trying to keep 384 00:26:29,320 --> 00:26:34,919 Speaker 7: their money and they're willing to risk the punishment and 385 00:26:34,960 --> 00:26:37,800 Speaker 7: a lot of people do get punished on this for 386 00:26:38,440 --> 00:26:41,639 Speaker 7: not complying with the laws. But I don't think people 387 00:26:41,680 --> 00:26:45,760 Speaker 7: think the laws are good, and it's unhealthy when a 388 00:26:45,800 --> 00:26:48,640 Speaker 7: government does not govern by the consent of the government. 389 00:26:49,680 --> 00:26:52,800 Speaker 7: You look at all the different tax breaks that get 390 00:26:52,840 --> 00:26:55,159 Speaker 7: offered up and Trump's very good at it. 391 00:26:56,119 --> 00:26:57,240 Speaker 1: No taxes on tips. 392 00:26:58,000 --> 00:27:02,840 Speaker 7: This is extremely popular because people that make their living 393 00:27:03,000 --> 00:27:08,879 Speaker 7: off of tips are typically people in a certain subset 394 00:27:09,000 --> 00:27:14,760 Speaker 7: of society who live check to check, are more importantly. 395 00:27:14,640 --> 00:27:18,600 Speaker 1: Shift to shift. You got the two. 396 00:27:18,400 --> 00:27:21,920 Speaker 7: Dollars and one cent for so many years minimum wage 397 00:27:21,960 --> 00:27:26,760 Speaker 7: for employees that that got that get tips, and that 398 00:27:27,119 --> 00:27:29,199 Speaker 7: became a standard for a long time. I mean I 399 00:27:29,240 --> 00:27:31,720 Speaker 7: worked for two toh one an hour when I was 400 00:27:31,760 --> 00:27:34,959 Speaker 7: making tips waiting tables thirty years ago, even more than 401 00:27:35,000 --> 00:27:39,840 Speaker 7: thirty years ago, thirty thirty six years ago. And the 402 00:27:39,880 --> 00:27:43,520 Speaker 7: way these people live, this is your service economy. The 403 00:27:43,560 --> 00:27:47,959 Speaker 7: way these people live is the paycheck becomes what you know, 404 00:27:48,240 --> 00:27:51,200 Speaker 7: maybe your gas money and if you're lucky, your rent, 405 00:27:51,240 --> 00:27:54,800 Speaker 7: although not not enough. And that was at two dollars, 406 00:27:54,800 --> 00:27:57,280 Speaker 7: and that's where you know the tips would the taxes 407 00:27:57,320 --> 00:28:01,160 Speaker 7: would be taken out of so the actual check from 408 00:28:01,200 --> 00:28:03,600 Speaker 7: the restaurant or the bar or any number of other 409 00:28:03,640 --> 00:28:08,480 Speaker 7: things would be very little, if anything, and then the 410 00:28:08,520 --> 00:28:10,600 Speaker 7: cash would be what you live off of. 411 00:28:10,760 --> 00:28:12,080 Speaker 1: In the cash was the tip. 412 00:28:14,119 --> 00:28:18,119 Speaker 7: So to say no tax on tips would be putting 413 00:28:18,160 --> 00:28:22,640 Speaker 7: back into people's pockets that money that they already earned 414 00:28:22,800 --> 00:28:25,800 Speaker 7: but had to give up. Well, then the government got 415 00:28:25,920 --> 00:28:30,560 Speaker 7: very aggressive. We're going to tax your tips, not just 416 00:28:30,640 --> 00:28:35,720 Speaker 7: your income. And if you don't report your tips what 417 00:28:35,760 --> 00:28:39,280 Speaker 7: we think your tip ought to be, because we think 418 00:28:39,280 --> 00:28:41,600 Speaker 7: you're under reporting, and we want more government, for. 419 00:28:41,680 --> 00:28:42,800 Speaker 1: More welfare and wars. 420 00:28:43,640 --> 00:28:45,600 Speaker 7: And we'll just assume you made X amount and you'll 421 00:28:45,600 --> 00:28:48,200 Speaker 7: pay tips on that even if you, honest to goodness didn't, 422 00:28:48,720 --> 00:28:50,560 Speaker 7: which put a big burden on. 423 00:28:50,560 --> 00:28:51,560 Speaker 1: People that make tips. 424 00:28:53,120 --> 00:28:59,480 Speaker 7: And people that make tips are different than people who 425 00:28:59,520 --> 00:29:05,320 Speaker 7: punch a at a chemical plant. People that make tips 426 00:29:05,480 --> 00:29:09,800 Speaker 7: tend to be younger, oh not always the case. They 427 00:29:09,880 --> 00:29:14,360 Speaker 7: tend to be less willing to follow a structure. They 428 00:29:14,480 --> 00:29:18,840 Speaker 7: tend to be less structured in their personal lives. Some 429 00:29:18,960 --> 00:29:23,760 Speaker 7: of them are a struggling artist who you know waiting tables. 430 00:29:24,200 --> 00:29:28,760 Speaker 7: To quote Steve Mashami, is the one job that every 431 00:29:28,880 --> 00:29:33,560 Speaker 7: single mom in America can do with no degree, no restrictions, 432 00:29:34,000 --> 00:29:37,960 Speaker 7: no startup time. If you learn the skill of bartending, 433 00:29:38,400 --> 00:29:43,560 Speaker 7: which I would encourage anyone and everyone to learn, you'll 434 00:29:43,600 --> 00:29:45,880 Speaker 7: have a job, whether it's an extra job or a 435 00:29:45,880 --> 00:29:47,480 Speaker 7: full time job, for the. 436 00:29:47,400 --> 00:29:48,280 Speaker 1: Rest of your life. 437 00:29:48,760 --> 00:29:51,640 Speaker 7: For the rest of your you will always have a 438 00:29:51,720 --> 00:29:56,080 Speaker 7: job by the same token if you are if you 439 00:29:56,160 --> 00:29:59,320 Speaker 7: have a teaching certification, it takes a lot longer to 440 00:29:59,320 --> 00:30:02,040 Speaker 7: get that. In the bar tending, you'll always have a job, 441 00:30:02,080 --> 00:30:04,640 Speaker 7: maybe not the money you want to make. But the 442 00:30:04,720 --> 00:30:08,120 Speaker 7: no tax on tips became became a lightning rod in 443 00:30:08,160 --> 00:30:13,560 Speaker 7: this campaign. And we would hear stories of people who 444 00:30:13,560 --> 00:30:18,400 Speaker 7: supported Trump out at a meal and they would say, 445 00:30:18,400 --> 00:30:20,000 Speaker 7: you know, this is a twenty four year old young 446 00:30:20,080 --> 00:30:23,800 Speaker 7: lady waiting on us. She's probably likely to vote for 447 00:30:23,840 --> 00:30:27,640 Speaker 7: Kamala Harris. Let me put a nice little tip and 448 00:30:27,680 --> 00:30:31,600 Speaker 7: tell her no tax on tips with Trump. And that 449 00:30:31,640 --> 00:30:35,000 Speaker 7: had an effect. And I think Trump meant it, and 450 00:30:35,040 --> 00:30:38,520 Speaker 7: I think he intends to make it happen. Then you've 451 00:30:38,560 --> 00:30:43,520 Speaker 7: got no tax, no tax on overtime. So Jim Mudd, 452 00:30:43,640 --> 00:30:45,600 Speaker 7: who's sitting in for a moment this week, Jim's always 453 00:30:45,640 --> 00:30:48,680 Speaker 7: our creative director, but this week he's our creative director. 454 00:30:48,360 --> 00:30:51,000 Speaker 1: And he's king of ding and doing a fine job. 455 00:30:51,040 --> 00:30:56,160 Speaker 7: May I say Jim Jim's wife, And you're not going 456 00:30:56,200 --> 00:31:00,560 Speaker 7: to believe this because she married a fellow named Jim Mud. 457 00:31:01,240 --> 00:31:04,600 Speaker 7: At birth, her parents named her Dusty, So her full 458 00:31:04,680 --> 00:31:07,240 Speaker 7: name is Dusty Mud. Now, if that's not the coolest 459 00:31:07,320 --> 00:31:08,840 Speaker 7: name you've heard about in a while, I don't know 460 00:31:08,880 --> 00:31:10,680 Speaker 7: what is. She should be the lead singer of a band. 461 00:31:11,440 --> 00:31:17,600 Speaker 7: So Dusty Mud works sixty or seventy hours a week. 462 00:31:19,040 --> 00:31:24,200 Speaker 7: That's a workhorse. Well guess what the no tax on 463 00:31:24,360 --> 00:31:30,600 Speaker 7: overtime would make such a dramatic difference that Jim. 464 00:31:30,240 --> 00:31:32,120 Speaker 1: Would be able to buy a private jet. 465 00:31:32,160 --> 00:31:35,280 Speaker 7: No, I'm just kidding, but no tax or yeah, no 466 00:31:35,400 --> 00:31:37,040 Speaker 7: tax on overtime. 467 00:31:38,200 --> 00:31:41,479 Speaker 1: Do you know what that would do to people? 468 00:31:42,280 --> 00:31:47,960 Speaker 7: Nobody works overtime because they're bored. Nobody thinks to themselves. 469 00:31:48,200 --> 00:31:48,400 Speaker 5: You know. 470 00:31:49,880 --> 00:31:51,920 Speaker 7: I just find that when I get off from work, 471 00:31:52,720 --> 00:31:55,240 Speaker 7: I have no real purpose in my life. Because if 472 00:31:55,280 --> 00:31:59,360 Speaker 7: you get overtime, you're not the CEO, you're not the entrepreneur. 473 00:32:00,200 --> 00:32:03,080 Speaker 7: If you get over time, you're pulling a paycheck, right, 474 00:32:04,160 --> 00:32:10,440 Speaker 7: And people take overtime because they desperately need more money, right, 475 00:32:10,840 --> 00:32:16,120 Speaker 7: So they're trading their time and their talent for more money, 476 00:32:17,200 --> 00:32:23,480 Speaker 7: often for their kids, for medical bills, for their sickly spouse. 477 00:32:24,520 --> 00:32:28,600 Speaker 7: If you say to them that portion we're going to 478 00:32:28,680 --> 00:32:33,080 Speaker 7: let you keep, you are going to allow people to 479 00:32:33,200 --> 00:32:34,360 Speaker 7: create wealth. 480 00:32:34,080 --> 00:32:35,880 Speaker 1: In the economic terms. I don't mean they're going to 481 00:32:35,880 --> 00:32:37,920 Speaker 1: be rich overnight. 482 00:32:38,680 --> 00:32:43,480 Speaker 7: You are going to accelerate quality of life improvements. You're 483 00:32:43,520 --> 00:32:48,040 Speaker 7: also going to encourage people to work more hours and 484 00:32:48,320 --> 00:32:49,240 Speaker 7: be more productive. 485 00:32:51,200 --> 00:32:53,920 Speaker 1: This, folks, I can't begin to tell you how exciting 486 00:32:53,960 --> 00:32:56,600 Speaker 1: this is to me. It's almost a religious experience. 487 00:32:57,360 --> 00:33:03,720 Speaker 7: The fact that Trump is really legitimately authentically fighting for 488 00:33:03,840 --> 00:33:07,480 Speaker 7: these sorts of changes he should be. There should be 489 00:33:07,520 --> 00:33:09,480 Speaker 7: a ground well of support for the ground swell of 490 00:33:09,520 --> 00:33:10,040 Speaker 7: support for this