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Speaker 2: People don't realize that this police brutality or police misconduct
Speaker 2: issue is a financial issue that impact tax payers. And
Speaker 2: you saying about the E and O insurance thousands and
Speaker 2: that I had thought because I'm like, okay, well, as
Speaker 2: a financial advisor, I had to have E and O
Speaker 2: insurance errors and omission assurance because I might make a mistake.
Speaker 2: I might recommend something to you. It's just by accident.
Speaker 2: I'm not trying to scam you, but I might make
Speaker 2: a mistake in recommending something to you that potentially could
Speaker 2: cost you money. And then you could end up suing
Speaker 2: the company. So then that's up to my errors and
Speaker 2: omissions policy to pay out twenty thousand dollars that you
Speaker 2: may have lost in bad advice that was given. Right.
Speaker 2: Or like you said, doctors have medical mal assurance where
Speaker 2: if they do something by accident and they cause a
Speaker 2: permanent scar, right now, you can sue the hospital, sue
Speaker 2: the doctor, and then their insurance will cover that, right,
Speaker 2: even if it's by accident. So it's like, okay, well,
Speaker 2: why not hold police officers to that same thing and
Speaker 2: have them have individual errors and omission policy. Right. So now,
Speaker 2: even if it's you're paying one hundred dollars a month,
Speaker 2: fifty dollars a month, whatever you're paying, right, seventy five
Speaker 2: dollars a month from millions of people adds up, right,
Speaker 2: So now you have hundreds of millions of dollars. Now
Speaker 2: that's how insurance works. Where now, okay, if I have
Speaker 2: to pay twenty million, it's not coming from X, Y
Speaker 2: and Z taxpayer, is coming from the police department, which
Speaker 2: they should be responsible for. Right, So talk about that
Speaker 2: because that's a national This is kind of a national
Speaker 2: issue that you're championing, right, so talk about like really
Speaker 2: drill that home, how that really impacts people's pockets, and
Speaker 2: how when we talk about police reform, that's not really
Speaker 2: talked about a lot. We talk about police reform, we
Speaker 2: talk about less guns, but we don't really talk about
Speaker 2: the financial aspects of police reform.
Speaker 3: So it's an exact perfect point, and it is a
Speaker 3: national issue because just if you think about municipal budgets,
Speaker 3: and we started off talking about the importance of local elections,
Speaker 3: you'll have your municipal budget and there'll be a certain
Speaker 3: amount earmarked for your police department, and then most of
Speaker 3: them have their general fund, and your general fund will
Speaker 3: be where any surplus, any additional money that you didn't
Speaker 3: budget for, has to be used to pay and it
Speaker 3: could be lawsuits, could be police misconduct. If you now
Speaker 3: take all of the money that is previously budgeted tax
Speaker 3: money that is either put in a line item for settlements,
Speaker 3: because they have line items for settlements, and then if
Speaker 3: you're not drawing on your general fund to pay for
Speaker 3: the conduct of bad police officers, that's additional money that
Speaker 3: could go to senior programs. That's additional money that could
Speaker 3: go to housing. That's additional money that could be used
Speaker 3: for parks, youth programming, mental health initiatives. There are all
Speaker 3: of these things that could be redirected. And to your point,
Speaker 3: there is a big pot of money right now. Most
Speaker 3: of the municipalities, up to a certain point are self insured.
Speaker 3: New York City is self insured. So, using New York
Speaker 3: City as an example, the millions of dollars that they
Speaker 3: are now paying out for police misconduct, and let's add
Speaker 3: to the equation that that doesn't change the system. None
Speaker 3: of these payouts have changed the way that the police
Speaker 3: operated in the United States. The George Floyd settlement twenty
Speaker 3: seven million dollars still didn't change the way that municipalities
Speaker 3: are policing. So the fact that when you have this
Speaker 3: money that is being spent, sixty to sixty three percent
Speaker 3: of most local budgets goes to the school districts, which
Speaker 3: people don't even realize. In most instances, sixty three percent
Speaker 3: of your taxes, your local taxes, are going to a
Speaker 3: school district. Most people couldn't tell you how many people
Speaker 3: are on the school board, who the individuals are. And
Speaker 3: I don't know in any other arrangement where we would
Speaker 3: allow sixty percent of our money to be spent by
Speaker 3: someone who we can identify and not know what they're
Speaker 3: spending it on. So why would we do that in
Speaker 3: the context of our tax dollars. So to go back
Speaker 3: to the policing, if you had a overall if it's
Speaker 3: Geico Nationwide and their regional insurance companies, where they had
Speaker 3: an entire database of officers, and we're selling these policies one,
Speaker 3: you would have them interested because it's a new product.
Speaker 3: It's a new insurance product for them to sell to
Speaker 3: the individual officers. If you now were reallocating all of
Speaker 3: that money won that was previously spent for paying out
Speaker 3: for bad police conduct to all of the other aforementioned
Speaker 3: programs across the country, think of what that impact looks
Speaker 3: like if you now have all of these officers not
Speaker 3: persuaded by Black Lives Matter, not persuaded by what the
Speaker 3: National Action Network or any other cause is doing, but
Speaker 3: solely their self interest. Thinking about Adam Smith and his principle,
Speaker 3: the economic principle that people being self interested generally benefits
Speaker 3: the whole. If you have police officers across the country
Speaker 3: that are singularly focused on I don't want my premiums
Speaker 3: to rise or I don't want my premium to be
Speaker 3: canceled with I would no longer be able to be
Speaker 3: a police officer and lose my pension. Think of the
Speaker 3: significant reduction in the cases of police brutality that we
Speaker 3: would have across the country. Think about the billions of
Speaker 3: dollars that would be saved by municipal government that could
Speaker 3: be reallocated to other resources that they didn't have to
Speaker 3: pay on the backs of the tax payers.
Speaker 1: You mentioned a lot of that is looking inside and
Speaker 1: having transparency when it comes to policing and the financing.
Speaker 1: But we know when you brought up the PBA. Anytime
Speaker 1: there's an incident, they come and they stand together. It's
Speaker 1: a band of brothers. It's a cold of blue that
Speaker 1: they live by. How can we improve relationships, I guess one,
Speaker 1: between the community and policing, and how do we improve
Speaker 1: transparency when it comes to police in general.
Speaker 3: Local elections and having mayors, town supervisors and legislators that
Speaker 3: are one going to hold the police accountable, two that
Speaker 3: are going to make the amount that they are spending
Speaker 3: on the police readily available to the police. Even in
Speaker 3: the district attorney's office, the way that it's currently constructed.
Speaker 3: Now it's like a black box. If you wanted to
Speaker 3: know who's being prosecuted, what they're being charged with, their
Speaker 3: demographic information, that information is not readily available. But your
Speaker 3: tax dollars are going to pay the salaries of the
Speaker 3: people employed in that office. Shouldn't be You should be
Speaker 3: able to jump on wherever you live, jump onto the
Speaker 3: website of your local district attorney's office or your local
Speaker 3: police department and find out exactly what the work is
Speaker 3: that they're doing in your name, if they're supposed to
Speaker 3: be serving the people. I think that the recruitment efforts,
Speaker 3: recruiting individuals who come from the communities where they are
Speaker 3: actually going to police is extremely important because if you
Speaker 3: can see in an individual that you may have a
Speaker 3: street encounter with someone that looks like your cousin, looks
Speaker 3: like your brother, your nephew, it changes the lens generally
Speaker 3: in which you interact with that person. I think about
Speaker 3: the Kyle Rittenhouse, the dude that was in I believe
Speaker 3: he was in Illinois that shot the Black Lives Matter protesters,
Speaker 3: and I was always struck by the way that the
Speaker 3: judge was interacting with him throughout that trial, and it
Speaker 3: was clear to me that he saw his grandson in there,
Speaker 3: and he was treating him in a way that if
Speaker 3: it was a black or brown person, I doubt that
Speaker 3: he would have had the compassion and treated him the
Speaker 3: way that he was treating him. So we need to
Speaker 3: make sure that our police force reflects the communities that
Speaker 3: they're going to serve. If you have people that are
Speaker 3: coming in from outside of your community an hour away,
Speaker 3: it's not per for them. They're not looking to try
Speaker 3: to develop this bond with you. They're offer an occupying force.
Speaker 3: I think another piece to it, and I've said this
Speaker 3: to the leadership in the Mount Vernon Police Department, is
Speaker 3: that if they truly want to heal the relationship between
Speaker 3: communities of color and the police, they need to approach
Speaker 3: it the way that somebody who starts dating someone who's
Speaker 3: been the victim of domestic violence or someone who's been
Speaker 3: subject to infidelity. At the beginning phase of that relationship,
Speaker 3: there's going to be a lot that you have to
Speaker 3: overcome with your partner is not going to trust you,
Speaker 3: and you're going to bear the brunt of the trauma
Speaker 3: that someone that is not you has put upon that person.
Speaker 3: And if you genuinely care, you work through it. You
Speaker 3: don't take it personally. You recognize that this person is
Speaker 3: going through a healing process. The police need to do
Speaker 3: the same thing if they are serious and sincere about
Speaker 3: developing a stronger relationship with community of color. Yes, there
Speaker 3: are gonna be times where people are gonna be loud,
Speaker 3: they're going to be boisterous, they're going to curse, and
Speaker 3: they are not going to say good afternoon, mister or missus, officer,
Speaker 3: happy to see you, because there's trauma. If you understand
Speaker 3: the history of policing in this country and what it
Speaker 3: has been for black and brown communities, that has often
Speaker 3: been a very contentious relationship. So again backing up to
Speaker 3: where we started with the discussion, if you have police professionals,
Speaker 3: it is a licensed profession people who are educated, and
Speaker 3: I'm not against paying them more because offsetting the savings
Speaker 3: from all of the police brutality that I believe would
Speaker 3: be addressed. If you have people who are more qualified,
Speaker 3: people who are better educated, people who are licensed and
Speaker 3: have their own insurance policy in place, then you can
Speaker 3: afford to pay the police officers more because now they
Speaker 3: are being treated like professionals and not just the job
Speaker 3: that you're in for twenty years. And I think that
Speaker 3: when you put better quality the individuals in police forces,
Speaker 3: that's going to have a direct impact on the quality
Speaker 3: of policing. And it'll be easier to engage members of
Speaker 3: the community because they're now working with police professionals, not
Speaker 3: somebody that's doing a job because it was the family
Speaker 3: business and they're thinking, how can I do my twenty
Speaker 3: and get to my pension.
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