Episode 136: Taxes

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Welcome back to a record of my
father.

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Today we're going to be talking
about taxes.

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I paid my taxes for the first
time in since last year and so I

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went to H&R Block for the first.
That was the first time I really

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went to H&R Block ever.
I've been using TurboTax before

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and they get sent back every
time.

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Every time for the last two
years previous they've been sent

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back.
So I said maybe I'll do this

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differently now.
You tax cheat.

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Is that what you're meant?
No, I'm not.

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They they said you suck at
paying your taxes.

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I like how they said there's not
enough information, so please

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mail it in.
And then I mailed it in and they

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said go fuck yourself.
So I said OK, and then and then

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I had to do it again.
I had to refile last year and

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then this year, hopefully it's
right.

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I hope to God, because I'll be
very transparent.

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It's $590.00 to file through H&R
Block.

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Crazy.
That is another 200 price

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increase from your TurboTax
regular.

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What is it?
Well, that's not even regular

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TurboTax.
That's TurboTax Pro, which they

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always try to tack in at the
end, which is 240.

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Ridiculous, ridiculous.
But I think normal TurboTax like

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100 run $90.00 ninety 100.
Well, it went up because they

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they no longer give it away for
free.

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Yeah.
They used to give it away for

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free.
The IRS paid for it so every

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U.S. citizen would be able to
the ability to file your taxes

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and not have to pay a service.
So, you know, when you think

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about all the different things
you have to do, the fact that

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you have to pay a service to do
your taxes seems like like you,

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I'm giving you money and you
want me to pay a service to give

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you money.
Like a scam.

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Almost like the whole entirety
of the US government, yes.

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But when you think about it, I
mean, there's there's good,

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let's, let's, let's fiscal 2020,
four $5.1 trillion in gross tax

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revenue that was 9% over the
previous year.

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So the money is coming into the
government.

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The revenue was individual tax
provide 2.4 trillion.

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Payroll taxes was 1.7 trillion.
Corporate income taxes only

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bought in 530 billion which
surprises me that they have such

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a low amount.
We, we, you individuals, we paid

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half the individuals income tax
provided of the money.

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That was the revenue.
The IRS said it came from 62.2

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million people.
There were made refunds, there

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was 400.
Nearly 490 billion to 553

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billion and refunds were issued
to taxpayers.

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No way.
Yeah.

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That's shocking.
Surprise it wasn't a dollar.

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Gosh.
Oh yeah, yeah, no.

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Well, The thing is, you get a
lot.

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I mean, you're getting a refund
but.

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You pay 100 or something?
But it but it's not really a

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refund.
It's you paid in 400 and you get

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back 200.
It's like they only took 200.

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It's hard for me to say that
that's a refund.

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OK.
Yeah, no, exactly.

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Well, we didn't screw yet that
bad.

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That's kind of what they always
talk about.

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Well, that's what makes people
feel good at the end of the year

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when you give them, I mean, so
many friends.

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It was like a way to save.
It's like, well, you know, I

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always do this because then I
get like $1000 and I can buy ATV

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or a new car or something like
that.

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Used to be able to buy a new car
with 1000, you know, you, you

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put out, you put a down payment
on a car and you get you get a

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good ways on it.
You know, in my grow up days,

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but everybody always wanted a
big check back and it's like,

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well, until I had a professional
accountant, I didn't realize

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it's not it isn't how much your
check, your refund check is it

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isn't anything to do with that.
What it is, is, it is, is how

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much you paid.
So you, you got to look at your

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tax bill over the course of the
year.

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And then if you look at your tax
bill and, and to what you

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actually made, how much did you
make?

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You know, mine, mine last year.
Why?

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I don't know what mine's going
to be yet, but I, I switched a

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lot of things around.
I did the whole, one of the big

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things that was pushed last year
was converting your IRA to a

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Roth IRA.
So pay taxes on it now.

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So with no taxes in the future,
I mean, in a nutshell, kind of

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simple.
And if you have cash on hand

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now, you should do that because
then it will be, you know, a

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dollar paid today is blah, blah,
blah, you know, the, the time

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value money.
But also there's, there's the

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idea that I had expiring tax
credits that I need to use

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because we, we give away a lot
fair amount of money.

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And you can only take off when
people say, Oh yeah, you can

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deduct that.
It's like, well, not if you give

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away more than 40% of your net
income, you can't.

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Interesting.
Did you know that?

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I did not know that.
It's like if I make, if I make

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50 bucks and I give away more
than 20, I, I can't deduct it.

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It's carry over to the next
year.

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So it's weird.
So people.

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So when you give to charity,
it's not always a deduction.

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It's a carried forward
deduction.

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And those deductions were for me
were expiring because they're,

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they're 3 or 4, three to five
years old, something like that.

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And it was not, it was like
little bits.

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It was big numbers, so big
enough numbers to convert to a

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Roth R8 so I could use all of it
and capture it.

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So I captured a part of it, but
not, you know, I'll lose a

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bunch, but I, I don't give to
charity for the write off.

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I give more to charity because I
have the capability to have a

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write off.
That's, that's, that's what it

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does.
It doesn't say give or don't

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give because I wouldn't, I'm not
that, you know, because you're

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here like, oh, you just do it
for the write off.

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And it's like, no, I don't.
I, I do it because I support the

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cause.
But if you give me 25% off and I

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have a dollar, I'm giving a
dollar 2025.

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Explain this to me because I
asked you an important question

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that I kind of just, I don't
know, came up with the other

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day.
I asked you, I said, why do I

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have to pay taxes when America
has been printing, printing

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money for the last, I don't
know, some odd years ever since

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we went off the gold standard.
What?

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So why?
Why why, why do?

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I Why do you why do you pay
taxes?

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What do you mean?
When they're just printing money

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all the time.
Well, there's there's checks and

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balances where it gets put into
the system.

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No, you know what?
Do you mean no?

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No what?
I mean, technically, technically

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if we spent $21 trillion and
right now 5.1 trillion was made

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last year, right?
We spent more than that, OK, 2

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trillion extra.
We, we, instead of printing

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another $2 trillion, right?
And just to pay, pay our debt,

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you know, with fake money, we
issued bonds.

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So people have a piece and
instrument from our U.S.

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government.
It's backed by the full faith

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and credit of the US government
and what we do.

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Faith in the US government.
Right.

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And the dollar which has dropped
20% this year.

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So it's it's kind of.
I was about to say, it seems

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like more and more people are
getting tired of the belief in

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the system and that it actually
works.

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I don't know.
Well, you're starting you.

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You've seen a huge shoot in the
last 10 years, the number of

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haves and have nots if the, the
the distance is, is really

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grown.
I mean, I am, I am shocked by

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the number of people when you
when you talk about look at

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poverty rates 10-15 years ago,
20 years ago and look at them

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today and look at like people
coming out of school, what the

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opportunities are.
This is this is prime for that,

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that that's how terrorists
happen in foreign countries.

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Did you know that you got, you
got 1% of the population eating

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99% of the money?
And they'll say, well, we pay

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90% of the taxes.
Yeah, but you get 99% of the

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money.
You shouldn't, you shouldn't it?

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That's not the way it should
work.

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It should be.
If you take if you get 90% of

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the money, then you pay 90% of
the taxes.

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Don't be, you know, they always
say, oh, they pay over 50%.

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It's like, yeah, but they got
95%.

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What?
What are you, what are you

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talking about?
I mean, So what, 95 is more than

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50?
Shut up.

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It's, it's, it's like simple
math when you start to look at

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how much and I got to tell you
all my tax bill is done.

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It's gone down.
And, and I remember when I sold

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the first company, the whole
George Bush tax credit where he

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took capital gains.
Now capital gains means I didn't

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do a damn thing.
All I did was invest in my

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company, grow it and then sell
it.

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And I was going to have to pay
20% on my gains and my gains

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were a lot, OK.
Now he changed the long term

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capital gains to 15% and 20 wow,
5%.

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So my take increased by multiple
millions of dollars because he

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moved that tax law.
And I will tell you that that

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actually did.
I mean, it impacted me on just

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giving me, you know, a bunch of
money and which I ended up

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giving away.
But it's like it's the whole

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idea.
Most people don't do that.

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I don't think.
I don't think that's the what

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they do that that one thing and
they go, oh, it's spurs

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investment.
It's like, no, it doesn't, it

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all it does is it spurs
investment in more yachts and

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more houses and more things for
your personal gain.

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At some point, you know, we need
I, I, I think the idea of

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taxation.
If you, if you tax companies

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more, what do they do?
What does a company do if if you

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tax it more?
If you tax it more.

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Right.
It's going to spend more of its

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money.
Doesn't want to make profit,

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right?
I don't make profit, so I'm

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going to spend more money.
What am I going to spend it on?

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Infrastructure, people growth.
What does that do?

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That makes Zach gets paid more.
Zach gets better equipment that

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everything grows.
Same thing with the kind of

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structure.
Same thing.

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You don't think wages get cut?
I think I think the the problem.

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I think that's a nice need.
No, you need.

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You need.
No, it's happened in the past

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when, when, when the bill the,
the, the companies that many of

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the companies that were
strongest is when we had really

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high tax rates.
You know, we had international

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companies that were huge strong
because of high tax rates

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because they had to, they were
forced to invest.

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The thing they didn't have is
they didn't have buy backs.

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So you could do it.
You could do an artificial

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thing.
So think about this.

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So you, so you make me payless
taxes, right?

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Or you taxed me at a higher
rate.

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So what do I do?
What do you do?

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What happened when they brought
all that money back from

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overseas, when Bush gave the
first big giant international,

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we were going to bring them,
make them bring that money back

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and spend it here.
And what they did, what the big

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companies did, every single one
of every single one of them did

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stock buybacks.
So they, they shrunk the amount

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of shares out there, which means
the share price goes up and

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you're like, well, so you're
just moving checkers around on

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the table, right?
It's like, not exactly.

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When the share price goes up,
the executive team makes more

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money, They get more bonuses
because your, your performance

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is tied to how the stock price
goes.

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If the stock price is going up,
you get, you get more, you get a

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piece of it, your options are
worth a lot.

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If you do buy backs and you say
if we got, if we've got 100

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shares and, and we've spread
them around to 100 people, or if

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00:12:03,440 --> 00:12:08,720
we only have, we have 10 shares
and I have nine of them, we buy

225
00:12:08,720 --> 00:12:11,320
back.
We, or we buy back 99, we buy

226
00:12:11,320 --> 00:12:13,440
back half the shares or third of
the shares.

227
00:12:13,600 --> 00:12:15,800
That means the price is going to
elevate the same amount.

228
00:12:15,800 --> 00:12:19,160
So it's it's it's I mean, there
is statistically some things to

229
00:12:19,160 --> 00:12:24,480
it, but all it does is it's a
short term gain for the company.

230
00:12:26,200 --> 00:12:28,440
You're you're you're spending
capital on something.

231
00:12:28,440 --> 00:12:32,160
You think that your your price,
that your stock price should be

232
00:12:32,160 --> 00:12:33,960
undervalued.
That's the only reason you would

233
00:12:34,080 --> 00:12:37,000
do a buy back.
And it's sort of like there

234
00:12:37,000 --> 00:12:39,640
should be some limitation on
what you can because it's kind

235
00:12:39,640 --> 00:12:42,520
of game in the market for the
CEOII think the stock price

236
00:12:42,520 --> 00:12:49,080
should be counted in in the year
only for any type of any type of

237
00:12:50,160 --> 00:12:53,840
compensation for the CE OS, for
the for the C level executives.

238
00:12:54,440 --> 00:12:56,600
If it's going to be tied to the
stock price, it should be tied

239
00:12:56,600 --> 00:13:00,720
to the stock price minus buy
backs because they affect it

240
00:13:01,040 --> 00:13:02,520
anytime they affect it like
that.

241
00:13:02,520 --> 00:13:05,400
And it's and it's something it's
it's monkey shit stuff.

242
00:13:05,400 --> 00:13:09,200
It's not like we didn't take a
risk on building a new

243
00:13:09,200 --> 00:13:12,640
technology or we didn't advance
our machinery.

244
00:13:12,640 --> 00:13:14,320
We didn't sell into a new
market.

245
00:13:14,320 --> 00:13:16,960
It isn't anything that actually
took any balls.

246
00:13:17,400 --> 00:13:24,720
All it took was legal fees, you
know, banker fees and, you know,

247
00:13:24,840 --> 00:13:27,320
probably a consultant to say
that it was a good idea.

248
00:13:28,560 --> 00:13:30,880
You know, hey, you want to raise
your stock price 20%?

249
00:13:31,160 --> 00:13:34,080
Here's how.
Buy 20% of the shares.

250
00:13:35,080 --> 00:13:36,480
What?
Well, yeah.

251
00:13:36,480 --> 00:13:39,200
And it's like, whoa.
I mean, I don't even have to do

252
00:13:39,200 --> 00:13:40,480
anything.
I can, we can be flat.

253
00:13:40,480 --> 00:13:43,200
Everything else can suck ass.
And I can make the stock price

254
00:13:43,200 --> 00:13:48,960
go up just by buying stock back.
And that's that's called gaming

255
00:13:48,960 --> 00:13:51,480
the system.
You know, in Vegas, you couldn't

256
00:13:51,480 --> 00:13:53,240
do that.
You know what I mean?

257
00:13:54,280 --> 00:13:56,760
That kind of weird.
I mean, we think about this tax

258
00:13:56,760 --> 00:13:58,720
thing.
I I got a little bit.

259
00:13:59,240 --> 00:14:01,000
What is it?
What is taxation?

260
00:14:01,000 --> 00:14:02,640
It's a you.
Know, but I've got what I was

261
00:14:03,240 --> 00:14:05,760
reading about the other day, is
the President Lyndon B Johnson's

262
00:14:05,760 --> 00:14:08,800
signature tax law, the Revenue
Act of 1964.

263
00:14:09,280 --> 00:14:10,480
Yeah.
Do you remember that when

264
00:14:10,480 --> 00:14:13,880
enacted, a massive $11.5 billion
tax cut to stimulate the

265
00:14:13,880 --> 00:14:19,920
economy, reduced individual
rates from 91% to 20% and 70% to

266
00:14:19,920 --> 00:14:25,560
14%, and the top corporate rate
from 52% to 48%, which I thought

267
00:14:25,560 --> 00:14:27,640
was in Yeah, people say that
that is one of the most

268
00:14:27,640 --> 00:14:29,040
important things that ever
happened.

269
00:14:29,320 --> 00:14:32,880
With tax law, good or bad, good,
good.

270
00:14:33,320 --> 00:14:37,360
Well, see, I would say bad
because it was it was come out

271
00:14:37,600 --> 00:14:41,080
that what how can we do a tax
cut during a war?

272
00:14:41,720 --> 00:14:43,720
We used to have to pay for a war
as you go.

273
00:14:44,320 --> 00:14:48,240
There was, there was the whole,
the, the fight was always you

274
00:14:48,240 --> 00:14:52,840
can't have guns and butter.
You got to either have guns or

275
00:14:52,840 --> 00:14:53,680
butter.
You can't.

276
00:14:53,680 --> 00:14:55,600
You got to pay for what you're
doing.

277
00:14:55,600 --> 00:15:00,680
And that tax cut led to a
deficit, didn't it?

278
00:15:02,440 --> 00:15:05,360
Did they talk about that?
How do we pay for the Vietnam

279
00:15:05,360 --> 00:15:07,800
War?
After that we printed money.

280
00:15:09,600 --> 00:15:11,960
Oh, so that is what shrunk our
economy in the deficit?

281
00:15:12,680 --> 00:15:14,040
Right.
See.

282
00:15:14,040 --> 00:15:16,000
That's what, 90?
1% to 20%.

283
00:15:16,000 --> 00:15:17,840
Why do you think the taxpayers
wanted that?

284
00:15:17,840 --> 00:15:18,880
Why do you think that he did
that?

285
00:15:19,520 --> 00:15:20,800
Well, because it's a short term
gain.

286
00:15:20,880 --> 00:15:22,480
Well, think about it.
You want to pay everybody,

287
00:15:22,760 --> 00:15:25,960
Everybody I know.
I mean, I see people today that

288
00:15:25,960 --> 00:15:28,120
are paying the lowest taxes
they've ever paid in their life.

289
00:15:28,120 --> 00:15:29,840
And all they do is bitch about
taxes.

290
00:15:29,840 --> 00:15:33,120
And it's like, why you you don't
like good schools?

291
00:15:33,120 --> 00:15:35,840
I don't have any kids.
You don't use the roads?

292
00:15:35,840 --> 00:15:36,880
No.
I have a driver.

293
00:15:36,880 --> 00:15:41,160
Whoa, please.
It's all about me.

294
00:15:41,160 --> 00:15:42,480
It's not about the next
generation.

295
00:15:42,640 --> 00:15:44,240
It's not about the betterment of
the country.

296
00:15:44,240 --> 00:15:46,040
It's about the betterment of my
own personal.

297
00:15:46,040 --> 00:15:47,880
It's.
Also about running on a platform

298
00:15:47,880 --> 00:15:50,520
to get votes and I think if
you're going to say I want to

299
00:15:50,520 --> 00:15:53,560
lower your taxes from 91% to
20%.

300
00:15:53,560 --> 00:15:55,560
I'm going to give you cash.
Oh my God.

301
00:15:55,600 --> 00:15:57,200
Like, is that cash?
Yeah.

302
00:15:57,600 --> 00:16:01,800
It's basically I'm going to
bribe you and, and, and I'm OK

303
00:16:02,200 --> 00:16:04,920
with lowering taxes as long as
you can figure out where it's

304
00:16:04,920 --> 00:16:09,120
going to come from.
But right now, every tax cut

305
00:16:09,120 --> 00:16:12,480
that's happened for the last,
what, 10 years, 15 years?

306
00:16:13,000 --> 00:16:17,480
I mean, they did argue that the
one, I think the one that Obama

307
00:16:17,480 --> 00:16:24,400
did paid for itself with the
infrastructure because

308
00:16:24,400 --> 00:16:28,640
infrastructure actually makes a
place more accessible and more

309
00:16:28,640 --> 00:16:30,480
people use it and it creates
more commerce.

310
00:16:30,960 --> 00:16:34,480
You know, it's so it's very
interesting when you think about

311
00:16:34,960 --> 00:16:38,520
projects and how they're funded
and what is the impact on

312
00:16:38,520 --> 00:16:42,280
people.
Military, you know, building

313
00:16:42,280 --> 00:16:47,120
tanks may be good for tank
builders and for the people that

314
00:16:47,120 --> 00:16:51,200
work at the tank factories, but
then it goes off somewhere and

315
00:16:51,200 --> 00:16:54,640
it doesn't really do any good.
I mean, it defends your nation

316
00:16:54,640 --> 00:16:57,240
or something.
Or I remember the last time I

317
00:16:57,240 --> 00:17:01,200
saw it, they were spending like
$20 billion on 3000 new tanks.

318
00:17:01,200 --> 00:17:04,560
And it's like, but but they have
3000 tanks sitting in a sitting

319
00:17:04,560 --> 00:17:06,560
in a field.
Why are they, why are they doing

320
00:17:06,560 --> 00:17:07,240
that?
And you know what the

321
00:17:07,240 --> 00:17:09,760
justification is?
Well, the we need jobs.

322
00:17:09,760 --> 00:17:11,560
And you're like, well, why don't
we?

323
00:17:11,880 --> 00:17:16,560
Why don't we build trains?
Why don't we connect our society

324
00:17:16,560 --> 00:17:18,240
better?
Why don't we?

325
00:17:19,520 --> 00:17:22,000
Why don't we, why don't we make
sure the roads are nice and the

326
00:17:22,000 --> 00:17:25,119
bridges are good and the schools
let's teach the kids to be

327
00:17:25,119 --> 00:17:27,280
better than 6th grade.
I mean, I think we can do

328
00:17:27,280 --> 00:17:29,560
better. 56 percent 6th grade
reading level.

329
00:17:29,560 --> 00:17:31,760
I've said that across three
different podcasts here.

330
00:17:31,960 --> 00:17:33,600
You know what was funny?
Somebody was talking about?

331
00:17:33,600 --> 00:17:36,120
They're like, for every woman in
Texas that gets her wages

332
00:17:36,120 --> 00:17:40,240
garnished and dies of
starvation, 15 bridges are built

333
00:17:40,240 --> 00:17:42,720
in China.
So it's like you look at

334
00:17:42,720 --> 00:17:45,440
communism and you look at
capitalism and I don't know, I

335
00:17:45,440 --> 00:17:47,720
think we're late stage
capitalism now where it's at a

336
00:17:47,720 --> 00:17:52,320
point to where you're seeing
StubHub buy seats out for a

337
00:17:52,320 --> 00:17:55,560
stadium and you're seeing
completely empty concerts.

338
00:17:55,960 --> 00:17:57,440
And it's like what?
Are they empty?

339
00:17:57,720 --> 00:17:59,400
I don't know.
They're the ones I've been to

340
00:17:59,400 --> 00:18:01,640
that I paid 3 grand to sit in
the front row.

341
00:18:01,680 --> 00:18:03,880
I mean, you're going to go to
Oasis, it's going to be full.

342
00:18:03,880 --> 00:18:06,440
I don't know about that it.
Depends if Fleetwood pack was

343
00:18:06,440 --> 00:18:10,400
full, we went to Cat Stevens, it
was full through StubHub.

344
00:18:12,240 --> 00:18:14,280
Cat Stevens we couldn't do
through StubHub.

345
00:18:14,280 --> 00:18:17,520
It was at the Kennedy Center.
Interesting, and remember that.

346
00:18:17,760 --> 00:18:20,520
I have been to concerts that
have been partially empty, which

347
00:18:20,520 --> 00:18:22,200
is interesting.
I have.

348
00:18:22,200 --> 00:18:24,680
Been to those that way.
They're all, I mean, the

349
00:18:24,680 --> 00:18:28,200
Redskins were, I mean, the
Commanders, whatever, they were

350
00:18:28,200 --> 00:18:32,280
just like hammered, you know, I
mean, it was crazy.

351
00:18:32,280 --> 00:18:34,480
Well, they've never been good.
That's the problem.

352
00:18:35,000 --> 00:18:37,600
They were good for three years
back in the 80s or something

353
00:18:37,600 --> 00:18:39,880
like that.
Clinton Portis was.

354
00:18:40,000 --> 00:18:40,680
They were.
They.

355
00:18:41,240 --> 00:18:43,000
Were they even good when he was
on the team?

356
00:18:43,320 --> 00:18:44,480
No.
No, right?

357
00:18:44,480 --> 00:18:46,880
They were bad.
No, no, he was he was a star

358
00:18:46,880 --> 00:18:48,400
play.
Usually what they do is they

359
00:18:48,400 --> 00:18:51,920
find some new star player,
surround everybody around that

360
00:18:51,960 --> 00:18:55,600
person and then he pulls people
into the stadium and then he

361
00:18:55,600 --> 00:18:59,400
gets hurt or the rest of the
team does shitty and they do a

362
00:18:59,400 --> 00:19:02,280
5050 season.
That happened with with Snyder

363
00:19:02,280 --> 00:19:04,680
for years.
But all Snyder did was, you

364
00:19:04,680 --> 00:19:11,800
know, $25 cigars, $18.00 buds
it, it was, I believe at its

365
00:19:11,800 --> 00:19:15,880
peak, the most expensive food
and things.

366
00:19:16,600 --> 00:19:18,160
You couldn't drive to the
stadium.

367
00:19:18,160 --> 00:19:20,040
You had to park near it.
And then you had.

368
00:19:20,040 --> 00:19:21,240
To are you talking about FedEx
Field?

369
00:19:21,280 --> 00:19:22,200
That's what you're talking
about.

370
00:19:22,360 --> 00:19:24,320
Yeah, the, oh, the worst.
Everything he did, everything he

371
00:19:24,320 --> 00:19:27,320
did was maximizing the revenue
of the thing.

372
00:19:27,320 --> 00:19:30,960
And I, I, I mean, to this day,
the, the fact that we, the

373
00:19:30,960 --> 00:19:36,560
American people use a penny to
build a stadium that we don't

374
00:19:36,560 --> 00:19:39,920
own, it makes absolutely zero
sense.

375
00:19:39,920 --> 00:19:43,200
How is the NFL non profit?
I don't understand that.

376
00:19:43,240 --> 00:19:46,640
How is that possible?
And there's a wonderful book I.

377
00:19:46,640 --> 00:19:49,200
Can't remember what it's.
Called but it's about

378
00:19:49,520 --> 00:19:54,800
distracting the general populace
and for the emperor, right and

379
00:19:54,800 --> 00:19:57,560
that's what it's about it's
about comparing gladiators to

380
00:19:57,560 --> 00:20:01,360
modern sports and that's.
Exactly what it is and it works.

381
00:20:01,360 --> 00:20:03,720
Exactly what it is.
Oh my gosh, it's crazy.

382
00:20:03,920 --> 00:20:08,160
And you have the American people
paying for it on their facts for

383
00:20:08,160 --> 00:20:10,320
a non profit which is
ridiculous.

384
00:20:10,760 --> 00:20:14,080
It's funny, isn't it?
But I mean, it's just like Joel

385
00:20:14,080 --> 00:20:15,360
Osteen's church or what have
you.

386
00:20:15,360 --> 00:20:16,680
It's the same thing.
It's.

387
00:20:16,680 --> 00:20:18,240
Crazy.
No, it's different.

388
00:20:18,440 --> 00:20:20,960
It's different.
That's also, it's completely

389
00:20:20,960 --> 00:20:21,800
different.
It's completely.

390
00:20:21,800 --> 00:20:22,760
Different.
Well, they don't.

391
00:20:22,760 --> 00:20:25,400
They're not filing a Form 990 at
the IRS.

392
00:20:26,520 --> 00:20:31,880
So the kind of money that Joel
Osteen Ministries get, you can't

393
00:20:31,880 --> 00:20:35,280
look at There isn't there isn't
anything right.

394
00:20:35,720 --> 00:20:36,920
Wow.
When it's a.

395
00:20:36,920 --> 00:20:38,600
Church, the NFL, you can look at
they.

396
00:20:38,640 --> 00:20:41,440
Hide they hyped it and they can
make it.

397
00:20:41,440 --> 00:20:45,640
And that to me is, I mean, I
think every single church should

398
00:20:45,640 --> 00:20:47,760
have a tax return.
I don't care if I can totally

399
00:20:47,760 --> 00:20:49,880
agree.
It should be a form 990.

400
00:20:49,880 --> 00:20:52,840
It should go in and we should
say who the top five is high is

401
00:20:52,840 --> 00:20:54,880
compensated.
Where does the money go?

402
00:20:54,880 --> 00:20:56,680
Who do they, who do they spend
it on, and how?

403
00:20:57,120 --> 00:21:00,000
So the top five most compensated
should be on the front page of

404
00:21:00,000 --> 00:21:01,720
every newspaper.
Just saying.

405
00:21:02,000 --> 00:21:04,960
I don't know well if these mega
churches and it's.

406
00:21:04,960 --> 00:21:07,360
Transparency.
Yeah, I I don't it's.

407
00:21:07,480 --> 00:21:10,720
Theatrical.
It is theatrical and I don't.

408
00:21:10,960 --> 00:21:13,040
Yeah.
You you pay to make yourself

409
00:21:13,040 --> 00:21:17,360
feel better.
OK, if you if, if you know.

410
00:21:17,360 --> 00:21:19,680
And I, and I think that that's,
I mean, I knew.

411
00:21:19,680 --> 00:21:22,760
I would love to believe in magic
if I could, but I don't.

412
00:21:22,840 --> 00:21:25,120
So it's just that's kind of
where I'm at with that.

413
00:21:25,320 --> 00:21:26,920
Remember him?
No.

414
00:21:28,000 --> 00:21:29,800
He was a Virginia Beach guy.
Really.

415
00:21:29,800 --> 00:21:31,160
Really.
Or was it Jimmy Swaggart?

416
00:21:31,160 --> 00:21:33,200
It's one of the other.
That's a cool name.

417
00:21:33,200 --> 00:21:37,000
I have relatives.
I have relatives that they're

418
00:21:37,000 --> 00:21:42,800
West Virginia.
And they wrote to him because

419
00:21:42,800 --> 00:21:47,400
their daughter had become
wayward and left at 16 and went

420
00:21:47,400 --> 00:21:48,960
to Florida with a guy in the
Mafia.

421
00:21:49,760 --> 00:21:54,920
And she was dating him.
And he said he would pray, but

422
00:21:54,920 --> 00:21:58,240
he would need compensation.
He didn't mean token.

423
00:21:58,720 --> 00:22:01,960
They always say that, you know,
you need to show that you really

424
00:22:01,960 --> 00:22:03,640
believe in God.
And the way you can really

425
00:22:03,640 --> 00:22:06,960
believe in God is to send me,
you know, 2 dollars, $10 a month

426
00:22:06,960 --> 00:22:09,080
or whatever.
And now they didn't have money.

427
00:22:09,080 --> 00:22:12,680
They lived in a trailer.
They used to mail checks to him

428
00:22:12,800 --> 00:22:16,080
every month.
And they did this for about 2

429
00:22:16,080 --> 00:22:18,280
1/2 years.
And then she got away from that

430
00:22:18,280 --> 00:22:21,400
guy when she was 19.
She had a kid.

431
00:22:21,760 --> 00:22:28,720
He dumped her and then she and
then she came home and 25 years

432
00:22:28,720 --> 00:22:32,520
later I was talking to her and
she said he gets his check

433
00:22:32,560 --> 00:22:37,160
before we eat.
And you're like, what?

434
00:22:37,560 --> 00:22:40,760
It's like I send my check to I
forget if it's Oral Roberts,

435
00:22:40,760 --> 00:22:44,640
Oral Roberts, that's who it was.
Oral Roberts gets his check

436
00:22:44,800 --> 00:22:46,840
before we eat and I'm like,
what?

437
00:22:47,400 --> 00:22:49,160
Why?
Why would you what?

438
00:22:49,680 --> 00:22:55,160
And it's like they were so in
belief that he had saved their

439
00:22:55,160 --> 00:22:59,520
daughter's life because he had
prayed to the Invisible Man in

440
00:22:59,520 --> 00:23:05,640
the sky, him, not anybody else.
Some human walking around had

441
00:23:05,640 --> 00:23:08,480
prayed to a man in the sky that
he deserved to be paid.

442
00:23:08,520 --> 00:23:13,080
And they've been doing that for
30 years every month.

443
00:23:13,880 --> 00:23:15,760
Whoa.
I'm like, whoa.

444
00:23:16,280 --> 00:23:18,960
It's almost comparable, Yeah.
It's kind of interesting to

445
00:23:18,960 --> 00:23:22,400
believe is is so incredibly
powerful.

446
00:23:22,400 --> 00:23:25,360
Like when you show somebody a
coin trick, I don't know it.

447
00:23:25,360 --> 00:23:28,120
To me, in my mind, it's the same
thing.

448
00:23:28,240 --> 00:23:32,600
The coin trick as praying is the
same thing to me other than the

449
00:23:32,600 --> 00:23:36,120
fact there's an idea behind
praying that you are talking to

450
00:23:36,120 --> 00:23:40,520
yourself and that endorses your
own morality and your own kind

451
00:23:40,520 --> 00:23:43,680
of ability and manifestation,
which is incredibly powerful.

452
00:23:43,680 --> 00:23:47,040
It is incredibly powerful tool
in this world, which is actually

453
00:23:47,040 --> 00:23:49,840
a form of magic.
I would say when I think that

454
00:23:49,840 --> 00:23:53,360
prayer is powerful, when it's a
self reflective endeavor because

455
00:23:53,360 --> 00:23:56,880
it gets you to act on what you
are telling yourself, right.

456
00:23:57,120 --> 00:23:59,880
So I think that that's an
incredibly powerful thing, but.

457
00:24:00,400 --> 00:24:03,240
It's also making a promise.
It's making a promise that no

458
00:24:03,240 --> 00:24:06,840
one can check.
OK, but sometimes I mean it.

459
00:24:06,840 --> 00:24:09,600
Depends on make it a promise.
It's no one can check because

460
00:24:09,600 --> 00:24:12,240
it's that promises salvation
after you're dead.

461
00:24:12,440 --> 00:24:15,440
But then only you can check that
only you believe.

462
00:24:15,440 --> 00:24:16,800
Well, you can't check you're
dead.

463
00:24:18,000 --> 00:24:20,120
I'm talking about general
prayer, that's what I'm talking

464
00:24:20,160 --> 00:24:22,360
about.
And the ability to manifest

465
00:24:22,360 --> 00:24:23,480
things, That's what I'm talking
about.

466
00:24:23,800 --> 00:24:25,560
Yeah.
In existing reality.

467
00:24:25,560 --> 00:24:27,280
Not when you're dead, of course.
Funny that we talk about

468
00:24:27,280 --> 00:24:29,120
taxation.
That's matter at the same time.

469
00:24:29,240 --> 00:24:31,360
That's magic.
Well, I mean churches I man,

470
00:24:31,360 --> 00:24:34,680
what do you say you have the
Catholic Church, multi maybe

471
00:24:34,680 --> 00:24:37,280
even trillion dollar
organization that is goes

472
00:24:37,280 --> 00:24:39,200
unfettered.
Do you know that they have a

473
00:24:39,280 --> 00:24:45,840
bunch of, what was it Catholic
schools for teaching ministers

474
00:24:45,840 --> 00:24:48,720
in Italy that are all untaxed as
well?

475
00:24:48,920 --> 00:24:51,880
And it's crazy.
The functionality of this

476
00:24:51,880 --> 00:24:54,160
business is great.
I like, I, I remember I have a

477
00:24:54,160 --> 00:24:58,400
paper on it and religion 100 in
Community College is an amazing

478
00:24:59,000 --> 00:25:01,440
paper that I wrote about what
they make a year.

479
00:25:01,800 --> 00:25:05,360
And it, it was really, really
hard to calculate that.

480
00:25:06,040 --> 00:25:08,240
Yeah.
You it's it's a hard well, the

481
00:25:08,240 --> 00:25:11,480
thing that I always think and I
remember when we were in

482
00:25:11,480 --> 00:25:16,000
Guatemala, remember we stopped
in the was it go out city or was

483
00:25:16,000 --> 00:25:18,120
it, it might have been the one
where we we did a tour.

484
00:25:19,320 --> 00:25:23,800
Antigua, I think it was, was one
of the cities and it was dusk.

485
00:25:23,920 --> 00:25:26,840
You were with me, I thought,
And.

486
00:25:27,240 --> 00:25:31,800
Oh yeah, and.
We walked by that church and

487
00:25:31,800 --> 00:25:36,440
inside it was had a big huge
doors open in the front because

488
00:25:36,440 --> 00:25:40,320
it was warm outside and there
was barricades out in front to

489
00:25:40,320 --> 00:25:44,040
keep the four people.
Out I remember.

490
00:25:44,040 --> 00:25:47,040
That the homeless and they were
all around it and you looked

491
00:25:47,040 --> 00:25:52,200
into the church and the walls
were gold and there were gold

492
00:25:52,680 --> 00:25:55,480
everywhere.
And I was just, all I could

493
00:25:55,480 --> 00:26:02,840
think was like, so you collect
money from all these people and

494
00:26:02,840 --> 00:26:07,640
you put all this gold, gold,
just thousands of, I mean,

495
00:26:08,440 --> 00:26:13,600
millions of dollars in that
church on the walls and people

496
00:26:13,600 --> 00:26:17,120
starving to death right outside.
It's like, well, they're not

497
00:26:17,120 --> 00:26:22,000
really starving enough.
Well, they're whatever, you

498
00:26:22,000 --> 00:26:26,800
know?
But it was just like, so it just

499
00:26:26,800 --> 00:26:33,120
like, wow, that that struck me
as incredibly sad that that we

500
00:26:33,120 --> 00:26:36,480
would let that happen.
And it was and it was but.

501
00:26:36,640 --> 00:26:38,600
We see that all the time.
We see that all the time with

502
00:26:38,600 --> 00:26:40,840
religion.
And it's like, you know, do we

503
00:26:40,840 --> 00:26:42,280
see that with taxation?
I don't know.

504
00:26:42,640 --> 00:26:44,400
We think about taxation.
What is tax?

505
00:26:44,400 --> 00:26:47,880
You know what tax is?
Mandatory non refundable levy

506
00:26:47,880 --> 00:26:50,000
post by governments on
individuals and entities to fund

507
00:26:50,000 --> 00:26:54,560
public services like
infrastructure, libraries and

508
00:26:54,640 --> 00:26:56,560
education.
I like the library.

509
00:26:56,560 --> 00:26:58,640
I got to say.
The library is the last good

510
00:26:58,640 --> 00:27:00,480
thing in the world.
I love it.

511
00:27:00,600 --> 00:27:03,000
I love the library.
Oh my gosh.

512
00:27:03,760 --> 00:27:04,440
Favorite place?
Yeah.

513
00:27:04,520 --> 00:27:09,040
I, I, I tend to think that that
would be when, when, when they

514
00:27:09,040 --> 00:27:11,080
talk about defunding libraries
and stuff.

515
00:27:11,280 --> 00:27:14,120
That's crazy.
Well, they're trying to make

516
00:27:14,120 --> 00:27:16,960
that 56% higher.
That's what they're trying to

517
00:27:16,960 --> 00:27:19,200
do.
They're trying to also.

518
00:27:19,200 --> 00:27:21,840
That's like the last place you
can get free Internet in the

519
00:27:21,840 --> 00:27:24,360
world.
Yeah, they that's like the last.

520
00:27:24,360 --> 00:27:27,600
Do you know who did that?
Who did what made the library?

521
00:27:28,240 --> 00:27:29,600
No.
Do you know who funded the free

522
00:27:29,600 --> 00:27:30,840
Internet?
Who?

523
00:27:30,960 --> 00:27:32,360
The government.
No.

524
00:27:32,840 --> 00:27:34,320
Who?
Bill Gates?

525
00:27:34,680 --> 00:27:36,160
Really.
Yeah.

526
00:27:36,320 --> 00:27:40,200
That's that was his his goal
when and and that was one of the

527
00:27:40,200 --> 00:27:42,040
mandates of Microsoft.
I don't still don't know if they

528
00:27:42,040 --> 00:27:48,120
still pay it or they still did,
but they went and said everybody

529
00:27:48,120 --> 00:27:50,960
needs access to the Internet.
And the only way we're going to

530
00:27:50,960 --> 00:27:52,960
have access to the Internet is
how we going to distribute it.

531
00:27:53,360 --> 00:27:57,880
Well, we will actually have a
fund that goes around and sets

532
00:27:57,880 --> 00:28:01,800
up a computer that has access to
the Internet and every library

533
00:28:01,800 --> 00:28:04,120
in the country.
And they did that my.

534
00:28:04,120 --> 00:28:07,200
Question is, how did he have
access to military technology

535
00:28:07,200 --> 00:28:08,920
like that?
Like, that's crazy.

536
00:28:08,920 --> 00:28:11,320
Like the government created the
Internet, right?

537
00:28:11,720 --> 00:28:13,880
Yeah, yeah.
Well, yes and no.

538
00:28:13,880 --> 00:28:17,800
I mean, it was the, it was the
government, but also it was, it

539
00:28:17,800 --> 00:28:21,480
was in conjunction with an
educational, I think Stanford

540
00:28:21,720 --> 00:28:24,440
educational institution.
They were involved in it as

541
00:28:24,440 --> 00:28:25,600
well.
Interesting.

542
00:28:26,040 --> 00:28:29,080
And, and then they funded it.
The government usually funds

543
00:28:29,080 --> 00:28:33,800
things that then they fund the
big thing and then they they

544
00:28:33,800 --> 00:28:36,280
roll it into the private sector.
It's like which?

545
00:28:36,280 --> 00:28:39,120
I think hence Bill Gates, right?
Right.

546
00:28:39,120 --> 00:28:41,800
Well, he didn't do it from the
Internet, He did it from he did

547
00:28:41,800 --> 00:28:44,680
it with software and it was
software on computers.

548
00:28:45,080 --> 00:28:49,240
Software on computers in the 80s
before the Internet.

549
00:28:49,720 --> 00:28:56,040
OK, you needed to have Microsoft
Windows and like, I don't know,

550
00:28:56,040 --> 00:28:58,400
but how do you?
Even have access to something

551
00:28:58,400 --> 00:28:59,360
like that, it's.
Crazy.

552
00:29:00,080 --> 00:29:03,680
Well, the Internet started and
it became it was free if you

553
00:29:03,680 --> 00:29:05,640
could get to it on your
computer.

554
00:29:05,880 --> 00:29:10,720
But how would you even do that?
Well, limited access I imagine.

555
00:29:11,040 --> 00:29:15,040
No, you had to have a a browser
and then you had to have a

556
00:29:15,040 --> 00:29:17,120
telephone line.
Oh, the dial.

557
00:29:17,600 --> 00:29:21,520
Dial up and most people were
dialing up AOL Miracle online

558
00:29:21,760 --> 00:29:26,240
because it was online and you
know they were huge and but you

559
00:29:26,240 --> 00:29:31,000
dialed in and you had modems in
the beginning of our business I

560
00:29:31,000 --> 00:29:33,200
used modems we had 9600 baud
modems.

561
00:29:33,200 --> 00:29:36,400
They went to 12 they went to 14
four then they went to 28 eight

562
00:29:36,680 --> 00:29:41,000
and then I think 56 six and then
it was just like no, let's just

563
00:29:41,120 --> 00:29:44,920
connect directly.
They started running the fiber

564
00:29:44,920 --> 00:29:48,680
optic cables and running the
Internet directly to your

565
00:29:48,680 --> 00:29:51,800
computer as opposed to you had
to dial into the Internet.

566
00:29:51,840 --> 00:29:54,440
It it it became a lot faster
easier.

567
00:29:54,440 --> 00:29:57,160
I, I don't know the exact
technologies that made it

568
00:29:57,160 --> 00:30:03,840
happen, but think about what
that help from the government

569
00:30:04,520 --> 00:30:10,320
making that communication type
vehicle thing that that was the

570
00:30:10,320 --> 00:30:14,000
advent of e-mail.
It was the advent of, you know,

571
00:30:14,800 --> 00:30:17,320
many, many great things, of
course, many shitty things.

572
00:30:17,720 --> 00:30:20,080
Sia, I don't know.
I don't think we should have

573
00:30:20,080 --> 00:30:21,880
ever made it.
I don't think we ever should

574
00:30:21,880 --> 00:30:26,160
have had a level of, well, my
business.

575
00:30:26,160 --> 00:30:27,960
Would have been harder.
Yeah.

576
00:30:29,000 --> 00:30:32,120
I would have, I think it still
would have succeeded.

577
00:30:32,720 --> 00:30:35,120
You know, we, we were growing,
we were growing really fast.

578
00:30:35,120 --> 00:30:37,720
We were growing with bodies.
And when you're in service

579
00:30:37,720 --> 00:30:40,520
business, the more you hire more
people you hire, the more money

580
00:30:40,520 --> 00:30:44,240
you make because they can do
each person basically does, you

581
00:30:44,240 --> 00:30:48,680
know, you, you pay them like 20
grand and they make 30 grand or

582
00:30:48,760 --> 00:30:52,120
25 grand or whatever.
And you use, you know, 2 of

583
00:30:52,120 --> 00:30:55,560
that, it goes into overhead and
two of that goes in to grow for

584
00:30:55,560 --> 00:30:59,160
another hire.
You know, and it just, that's

585
00:30:59,160 --> 00:31:01,360
how you grow a business.
That's how we would grow a

586
00:31:01,360 --> 00:31:03,760
business.
And provided that they had some

587
00:31:03,760 --> 00:31:08,160
minimum level of productivity,
you know, can you pull and copy

588
00:31:08,160 --> 00:31:11,600
documents if you're requested to
go get a 10K and A10Q and a

589
00:31:11,600 --> 00:31:14,080
proxy for a company?
I have to teach you what they

590
00:31:14,080 --> 00:31:15,880
are.
I have to show you how to read

591
00:31:15,880 --> 00:31:17,560
the company name.
I have to show you the date on

592
00:31:17,560 --> 00:31:21,240
it and where it is.
And then the more paper there

593
00:31:21,240 --> 00:31:24,520
is, the more questions there are
about what's on page 42.

594
00:31:25,240 --> 00:31:29,800
What's on page 65?
Where is the I'm looking for the

595
00:31:29,800 --> 00:31:31,240
credit agreement for such and
such.

596
00:31:31,240 --> 00:31:33,680
I'm looking for the indenture,
I'm looking for the employment

597
00:31:33,680 --> 00:31:36,080
contract.
I'm looking, you know, so it's

598
00:31:36,120 --> 00:31:39,240
it, it's a whole lot of
searching by an individual as

599
00:31:39,240 --> 00:31:42,520
opposed to a computer where you
can just do it instantaneously

600
00:31:42,520 --> 00:31:44,480
from a desktop.
And I don't have to trust you, I

601
00:31:44,480 --> 00:31:47,040
can trust myself.
The Ready access to learning is

602
00:31:47,040 --> 00:31:48,640
great.
I think that that's fantastic.

603
00:31:48,640 --> 00:31:50,920
That's definitely a tribute.
You no longer need to go to the

604
00:31:50,920 --> 00:31:55,080
library to look something up,
but I think that there's no sort

605
00:31:55,080 --> 00:31:59,840
of understanding of how much
information you are able to

606
00:31:59,880 --> 00:32:03,280
access.
It's more of been pigeon holed

607
00:32:03,280 --> 00:32:05,880
into social media as a
distraction.

608
00:32:06,200 --> 00:32:08,960
I don't think that people are
learning at the same capacity

609
00:32:08,960 --> 00:32:10,600
that they were learning at 10
years ago.

610
00:32:10,800 --> 00:32:14,080
I don't believe that.
I think that it's used as more

611
00:32:14,080 --> 00:32:17,240
of a distraction and a
detraction from your own life to

612
00:32:17,240 --> 00:32:19,320
spend money.
I think that that's exactly what

613
00:32:19,320 --> 00:32:23,600
it is now, and I don't think
that it is what it was like.

614
00:32:23,720 --> 00:32:27,480
What I think about two
specifically is taking Spanish

615
00:32:27,480 --> 00:32:32,000
junior year of high school and
the the teacher is a facilitator

616
00:32:32,000 --> 00:32:35,840
for an online program to teach
you Spanish and he comes by and

617
00:32:35,840 --> 00:32:38,560
he checks that you did the
modules and then he got AB or an

618
00:32:38,800 --> 00:32:42,040
A throughout the whole thing.
I'm like your job A, a fucking

619
00:32:42,040 --> 00:32:45,600
14 year old could do your job
and you're like 50 years old.

620
00:32:45,880 --> 00:32:48,600
And I'm like, if this is the
future of education, I don't

621
00:32:48,600 --> 00:32:51,120
want to be alive.
No, you got to be able to you,

622
00:32:51,400 --> 00:32:54,920
you well, the the person that
what they're supposed to do is

623
00:32:54,920 --> 00:32:56,920
motivate you.
Sorry.

624
00:32:57,240 --> 00:32:59,120
Which he didn't.
I don't know they need.

625
00:32:59,280 --> 00:33:02,120
To they need to, they need to
motivate you to see what the

626
00:33:02,120 --> 00:33:06,160
value is and what you're getting
out of it and hopefully open

627
00:33:06,160 --> 00:33:09,520
your eyes to a different view or
different perspective.

628
00:33:09,840 --> 00:33:13,040
But how could you open your eyes
to a different perspective when

629
00:33:13,040 --> 00:33:17,200
you're being judged on a primary
basis from a computer that

630
00:33:17,200 --> 00:33:21,120
doesn't even know the difference
between accent marks?

631
00:33:21,160 --> 00:33:22,600
Like, I remember that and I was
like.

632
00:33:22,600 --> 00:33:25,280
This.
Yeah, no, it was absolutely

633
00:33:25,280 --> 00:33:28,080
ridiculous.
Not to mention that we were, or

634
00:33:28,080 --> 00:33:32,640
you specifically were paying
tuition for a school to teach me

635
00:33:32,640 --> 00:33:35,680
on a computer Spanish.
And I'm like, this is the most

636
00:33:35,680 --> 00:33:38,800
lackadaisical teaching method
and they're getting away with

637
00:33:38,800 --> 00:33:40,040
it.
And I think that's when I first

638
00:33:40,040 --> 00:33:43,920
really discovered that some
education is a scam.

639
00:33:43,960 --> 00:33:45,560
I mean, some of it is.
No agreed.

640
00:33:45,760 --> 00:33:49,760
Agreed, some of it's a scam, not
all, not all, but some is

641
00:33:49,760 --> 00:33:52,080
definitely a scam.
I think a lot of people that

642
00:33:52,160 --> 00:33:56,280
that that talk about different
types of education is like, it's

643
00:33:56,280 --> 00:33:58,040
not all the same.
There's, there's, there's a

644
00:33:58,040 --> 00:34:00,200
small percentage that's absolute
shit.

645
00:34:00,280 --> 00:34:05,360
I would say, you know, I and I
get, I get worried by what

646
00:34:05,640 --> 00:34:09,239
someone would consider
education, what and use our tax

647
00:34:09,239 --> 00:34:13,159
dollar for and, and those that
they want it and they want to

648
00:34:13,159 --> 00:34:15,920
take it away from the public
schools and put it into private

649
00:34:15,920 --> 00:34:18,600
institutions.
So I can get, I can get a bigger

650
00:34:18,600 --> 00:34:23,120
tax break on for sending you to
a private school and I have to

651
00:34:23,120 --> 00:34:24,440
pay less.
And it's like, I don't need to

652
00:34:24,440 --> 00:34:26,280
pay less.
I I should pay more.

653
00:34:26,920 --> 00:34:29,199
OK.
I don't think that that I don't,

654
00:34:29,239 --> 00:34:31,199
you know, well, the public
education is not good.

655
00:34:31,199 --> 00:34:32,600
Well, then you need to support
it.

656
00:34:32,920 --> 00:34:34,639
Well, I love you need to make it
better.

657
00:34:34,639 --> 00:34:37,280
You need to make the public
education better instead of

658
00:34:37,560 --> 00:34:39,280
running away.
How do you make it better?

659
00:34:39,440 --> 00:34:41,600
You you don't make it better by
taking money away from it.

660
00:34:41,600 --> 00:34:43,760
That doesn't work.
It's it's never worth.

661
00:34:43,760 --> 00:34:45,600
Taxes, that's what you got to.
Do well.

662
00:34:45,600 --> 00:34:48,600
It's not just in there's,
there's a whole lot more things

663
00:34:49,159 --> 00:34:53,360
that go into it and the.
No Child Left Behind ACT really

664
00:34:53,360 --> 00:34:55,639
screwed a lot of people.
A lot of people.

665
00:34:55,719 --> 00:34:59,240
And that the standardized tests
in low income neighborhoods

666
00:34:59,960 --> 00:35:03,120
allocate funding, right?
But what you know what happens

667
00:35:03,120 --> 00:35:06,080
when a school is not really
testing high?

668
00:35:06,080 --> 00:35:09,680
And then the eventuality they
close or even near close, a

669
00:35:09,680 --> 00:35:12,360
charter school is normally put
in that neighborhood and then

670
00:35:12,360 --> 00:35:15,480
it's gentrified.
And then you have these kids

671
00:35:15,480 --> 00:35:20,480
competing for a raffle for a
discounted tuition to go to said

672
00:35:20,480 --> 00:35:23,200
private school where as you have
all of these other people coming

673
00:35:23,200 --> 00:35:25,280
in from higher income
neighborhoods for that

674
00:35:25,280 --> 00:35:28,560
gentrification process.
And that is kind of where DC has

675
00:35:28,560 --> 00:35:31,680
been at in Capitol Hill area for
a long time.

676
00:35:31,680 --> 00:35:35,400
For the last 10 years, you've
seen houses go from 500 to

677
00:35:35,400 --> 00:35:38,840
600,000 to multiple millions of
dollars.

678
00:35:39,040 --> 00:35:45,440
And just the time that I was 15,
told I was maybe 18, that that

679
00:35:45,440 --> 00:35:47,280
is when that changed.
And it's crazy.

680
00:35:48,360 --> 00:35:51,480
That whole area there, that was.
Ben's Chili Bowl is now a safe

681
00:35:51,560 --> 00:35:53,840
area.
Like that's crazy and it's we

682
00:35:53,840 --> 00:35:55,120
should be safe.
We should go down there and

683
00:35:55,120 --> 00:35:58,080
shoot some white people.
Of the closing of those public

684
00:35:58,080 --> 00:36:00,240
schools and the forcing out of
those people.

685
00:36:00,480 --> 00:36:02,640
Yeah, yeah.
And the establishing of the

686
00:36:02,640 --> 00:36:05,400
private schools and for those
raffles as rich.

687
00:36:05,400 --> 00:36:08,880
People coming in, Yeah.
Yeah, that's how you gentrify a

688
00:36:08,880 --> 00:36:11,240
neighborhood as you get rid of
those schools through

689
00:36:11,240 --> 00:36:13,160
standardized testing.
And I don't.

690
00:36:13,160 --> 00:36:15,120
Know well you think about
standardized testing in the No

691
00:36:15,120 --> 00:36:17,560
child left behind act that which
came under Bush.

692
00:36:18,160 --> 00:36:21,680
One of the things that a lot of
people fail to realize is that

693
00:36:22,160 --> 00:36:26,360
his brother, no, was not only
the head of Silverado Federal,

694
00:36:26,360 --> 00:36:30,320
but I think it was Neil was.
The other one is he started an

695
00:36:30,320 --> 00:36:34,560
educational program that was
based on the No Child Left

696
00:36:34,560 --> 00:36:38,160
Behind and it was a public
company or I'm not sure if it

697
00:36:38,160 --> 00:36:40,680
was public or private.
He funded it.

698
00:36:40,800 --> 00:36:45,000
They hit a software program that
had that had all of the

699
00:36:45,000 --> 00:36:48,920
standardized testing and that
was then sold to all the public

700
00:36:48,920 --> 00:36:50,360
schools.
Oh, wonderful.

701
00:36:50,520 --> 00:36:54,640
So the government, the
government was paying, some

702
00:36:54,640 --> 00:36:59,880
would say, really, yeah, they
paid for that program.

703
00:36:59,880 --> 00:37:01,840
And that program was a relative
of Bush.

704
00:37:02,200 --> 00:37:05,200
And a lot of people can see that
as being.

705
00:37:05,200 --> 00:37:08,120
Bad.
I miss being lied to so well

706
00:37:08,120 --> 00:37:10,520
that I didn't know that.
That's what I miss.

707
00:37:10,680 --> 00:37:14,920
There's so many lied to so well
that I didn't know about that.

708
00:37:14,960 --> 00:37:18,560
It's like, it's like if you look
at look at Reagan when he came

709
00:37:18,560 --> 00:37:23,160
out, this is the biggest one,
the biggest payday up until of

710
00:37:23,160 --> 00:37:25,080
course, more recently with
Trump.

711
00:37:25,080 --> 00:37:27,840
I mean, Clinton made a lot, but
he didn't make what Reagan,

712
00:37:27,840 --> 00:37:35,360
Reagan the week after he had he
had signed a most favored nation

713
00:37:35,360 --> 00:37:40,280
status with Japan and that they
were they kept pushing for it.

714
00:37:40,280 --> 00:37:44,960
And that means that billions of
dollars will then be focused on

715
00:37:44,960 --> 00:37:48,520
their economic and they will
have less taxation and all this

716
00:37:48,520 --> 00:37:52,440
other kind of happy horseshit.
Well he went on a 7 day speaking

717
00:37:52,440 --> 00:37:57,600
tour, 7 days.
He went to Japan, Tokyo and he

718
00:37:57,600 --> 00:38:02,360
spoke it for like Toyota Motors
and all the multinational

719
00:38:02,360 --> 00:38:07,280
corporations over there.
They paid him $9 million for a

720
00:38:07,280 --> 00:38:11,960
week, for a week and this dude
had Alzheimer's.

721
00:38:11,960 --> 00:38:15,800
Then think about that.
They had an Alzheimer's speaker

722
00:38:15,800 --> 00:38:20,440
that they paid $9,000,000 to
because he made them billions.

723
00:38:21,600 --> 00:38:23,400
Figure that one out.
Doesn't that sound a little

724
00:38:23,400 --> 00:38:25,440
dirty?
You know, you start to look at

725
00:38:25,440 --> 00:38:30,000
them and you're going like you
whore, you know, Clinton came

726
00:38:30,000 --> 00:38:31,560
out and Clinton did the Clinton
initiative.

727
00:38:31,560 --> 00:38:33,280
And I don't, I don't really
know.

728
00:38:33,280 --> 00:38:35,520
I just know that it was audited
all the time.

729
00:38:35,520 --> 00:38:38,880
So I kind of have, I have a
trust in what accountants do

730
00:38:39,080 --> 00:38:42,760
because it's PwC and I had AI
have a a pretty good feeling

731
00:38:42,760 --> 00:38:45,840
about Price Waterhouse.
I don't about KPMGI think that

732
00:38:45,840 --> 00:38:50,560
they are.
They've been sued and jailed and

733
00:38:51,440 --> 00:38:52,720
not jail.
They've never put anybody in.

734
00:38:52,720 --> 00:38:54,800
I don't think they've ever put
anybody in jail to enforcement

735
00:38:54,800 --> 00:38:58,240
actions.
But they have been known over

736
00:38:58,240 --> 00:39:01,760
and over and over and over to
cheat.

737
00:39:02,120 --> 00:39:05,520
So I don't know if there's many
as the others.

738
00:39:05,760 --> 00:39:08,080
PABC is not that much of A
cheating auditor.

739
00:39:09,360 --> 00:39:12,160
I mean, we think about taxation
and money that's being spent

740
00:39:12,480 --> 00:39:15,960
where we have we have a trillion
dollar defense budget and the,

741
00:39:15,960 --> 00:39:20,320
the dude in charge wants to make
a trillion and 1/2 and they

742
00:39:20,320 --> 00:39:23,640
can't pass a damn on it.
And you think to yourself like

743
00:39:24,480 --> 00:39:30,280
we are giving money to someone.
Think about this Zach, if you

744
00:39:30,280 --> 00:39:35,400
had a friend who said we're
going to do good with what you

745
00:39:35,400 --> 00:39:37,600
give us.
Well, where are you going to

746
00:39:37,600 --> 00:39:38,880
spend it?
I'm going to spend it over here.

747
00:39:38,880 --> 00:39:40,640
I'm going to, I'm going to, I'm
going to feed all the little

748
00:39:40,640 --> 00:39:42,800
cripple children.
And then you gave them

749
00:39:42,800 --> 00:39:45,240
$1,000,000 and then they go and
they say, well, I fed the

750
00:39:45,240 --> 00:39:46,640
cripple.
Can you show me anything?

751
00:39:46,640 --> 00:39:48,680
And the receipts?
Well, no, I can't.

752
00:39:48,840 --> 00:39:50,960
Well, can you show me?
Can you Can I meet the cripples?

753
00:39:51,040 --> 00:39:53,160
No, I can't.
We we don't know where they are

754
00:39:53,160 --> 00:39:55,280
now.
Well, can you can you give me

755
00:39:55,280 --> 00:39:57,920
any proof?
Well, I give you proof.

756
00:39:58,280 --> 00:40:02,320
My my my brother says that we
did well.

757
00:40:02,400 --> 00:40:04,040
Let me ask you something because
I was going to ask you.

758
00:40:04,040 --> 00:40:05,560
That's failing an audit.
That's what that.

759
00:40:05,560 --> 00:40:13,760
Is under Bill Clinton the Graham
Leach Lily Act killed there we

760
00:40:13,760 --> 00:40:15,560
go.
He allowed commercial investment

761
00:40:15,560 --> 00:40:17,680
makes insurance companies to
merge creative massive financial

762
00:40:17,680 --> 00:40:20,320
supermarkets.
What do you think about that and

763
00:40:20,320 --> 00:40:23,800
the economic expansion?
Well, that was that's what they

764
00:40:23,800 --> 00:40:30,200
said was part of the the housing
crisis was the the repeal of

765
00:40:30,200 --> 00:40:34,400
Graham Leach by Lee, which
happened in the 30s because of

766
00:40:34,680 --> 00:40:39,480
the market crash.
Then the that's been part partly

767
00:40:39,480 --> 00:40:43,320
attributed to it.
Now Fast forward to 2006.

768
00:40:46,200 --> 00:40:50,720
If you wanted to borrow money in
2005, 2006 and 2007, you had to

769
00:40:50,720 --> 00:40:53,760
have a job and it had to have a
credit rating and it had to have

770
00:40:53,760 --> 00:40:58,200
a history.
Well, in 2006, 2007 took 18

771
00:40:58,200 --> 00:41:02,400
months for it to crash.
They passed legislation and it

772
00:41:02,400 --> 00:41:08,080
was called the no doc loan
specific legislation that said

773
00:41:08,080 --> 00:41:14,880
that we don't need your income
and we don't need to know.

774
00:41:14,960 --> 00:41:19,240
The the less work history you
have, the better for us.

775
00:41:19,280 --> 00:41:23,000
We'll lend you $500,000.
We'll lend you $1,000,000.

776
00:41:23,000 --> 00:41:25,160
Wasn't that also be part of the
Rewriting the Community

777
00:41:25,160 --> 00:41:29,760
Reinvestment Act in 1995?
No, this was they were not

778
00:41:29,760 --> 00:41:32,960
allowed.
They were not allowed to.

779
00:41:33,000 --> 00:41:36,320
They were allowed to to donate
to these communities, but they

780
00:41:36,320 --> 00:41:38,680
had rules.
They took away the fricking

781
00:41:38,680 --> 00:41:42,240
rules in O6 and O7 but.
In 1995, there's an increased

782
00:41:42,240 --> 00:41:44,640
pressure on banks to lend to low
income inner City Council.

783
00:41:44,640 --> 00:41:46,080
Right there was.
And they did.

784
00:41:46,760 --> 00:41:48,360
And they did some, but not a
lot.

785
00:41:48,760 --> 00:41:52,080
And then in two. 1006, 2007
completely OK.

786
00:41:52,200 --> 00:41:53,800
Right.
It was like, yeah, I can't lend.

787
00:41:53,800 --> 00:41:56,440
I can, I can, I can change the
credit.

788
00:41:56,440 --> 00:42:00,520
It's like they no longer could
use your color as a reason not

789
00:42:00,520 --> 00:42:02,800
to loan to you.
So that was the whole, that was

790
00:42:02,800 --> 00:42:06,360
one of the big points.
And but you know, your work

791
00:42:06,360 --> 00:42:09,160
history and whether or not you
paid your bills and things like

792
00:42:09,160 --> 00:42:11,480
that matter.
Well, if you didn't have work

793
00:42:11,480 --> 00:42:14,600
history, that was cool.
They made that.

794
00:42:14,800 --> 00:42:17,360
That was the best thing in the
world was somebody that never

795
00:42:17,360 --> 00:42:20,640
worked before because you came
in and then we could, you know,

796
00:42:20,640 --> 00:42:22,200
you, you don't have any negative
credit.

797
00:42:23,040 --> 00:42:26,200
We could loan you $500,000.
And you're thinking like, and

798
00:42:26,200 --> 00:42:30,320
they, and remember, if I loan
you that money, I get paid

799
00:42:30,520 --> 00:42:32,760
because then I'm going to take
that loan and then I'm going to

800
00:42:32,760 --> 00:42:37,520
throw it and I'm going to put it
into a, a, a bond mortgage bond

801
00:42:37,520 --> 00:42:40,120
then goes into the market.
And that mortgage bond that went

802
00:42:40,120 --> 00:42:43,680
into the market was then rated
by Moody's, and Moody's would

803
00:42:43,680 --> 00:42:45,440
say triple AI.
Remember this?

804
00:42:45,440 --> 00:42:47,640
Yes, yes.
And, and remember, Moody's

805
00:42:47,640 --> 00:42:49,840
didn't even fucking look at it.
You know, they were just

806
00:42:49,840 --> 00:42:52,920
throwing it all out there.
I was talking to a guy in the

807
00:42:52,920 --> 00:42:59,840
late 90s who was tracking them
and for specifically Fannie Mae

808
00:42:59,840 --> 00:43:02,080
and Freddie Mac and he was
looking, they, they called

809
00:43:02,080 --> 00:43:08,440
something called the whack and
the Wham, which are the, they

810
00:43:08,440 --> 00:43:10,480
have to do with the interest
rate that's charged and the

811
00:43:10,480 --> 00:43:12,040
interest rate you're paying on
the bond.

812
00:43:12,280 --> 00:43:13,880
And what is the underlying
properties?

813
00:43:13,880 --> 00:43:15,960
And you would look at the
underlying properties and what

814
00:43:15,960 --> 00:43:17,920
were the zip codes?
Because certain zip codes around

815
00:43:17,920 --> 00:43:20,560
the country.
And you can, if you look at a

816
00:43:20,560 --> 00:43:22,640
mortgage-backed security, you
can see all the zip codes.

817
00:43:22,840 --> 00:43:26,840
If all the zip codes are in
Woodbridge, Woodbridge has a 18%

818
00:43:26,840 --> 00:43:31,040
bankruptcy rate.
OK, so, so there's a good chance

819
00:43:31,040 --> 00:43:38,400
that 20% of that debt is shit.
Southern California has a 2%

820
00:43:38,400 --> 00:43:41,280
bankruptcy rate rating those two
bonds.

821
00:43:41,280 --> 00:43:42,880
And usually what they would do
is they would grab the

822
00:43:42,880 --> 00:43:46,720
Woodbridge bonds and they would
staple them in those mortgages.

823
00:43:47,040 --> 00:43:51,360
They would staple those in with
San Diego bonds, and the San

824
00:43:51,360 --> 00:43:54,240
Diego bonds would be AAA, but
they're in the same tranche.

825
00:43:55,520 --> 00:43:59,640
And so then I'm rolling a $500
million issue with, you know, 50

826
00:43:59,640 --> 00:44:03,320
million of good shit and 450
million of just trash.

827
00:44:04,680 --> 00:44:07,200
It's called a House of Cards.
And then the, the answer that

828
00:44:07,200 --> 00:44:11,280
the government came to, which
is, is, is once again a really

829
00:44:11,280 --> 00:44:13,880
controversial answer.
Remember the guy they make the

830
00:44:13,880 --> 00:44:16,480
big thing about the big short
and what a great guy he was, how

831
00:44:16,480 --> 00:44:19,320
he had figured it all out and he
shorted the market.

832
00:44:20,480 --> 00:44:24,800
That the story they don't tell
is that the, the government was

833
00:44:24,800 --> 00:44:30,080
going to refund the money
directly to the mortgage

834
00:44:30,440 --> 00:44:33,160
holders, not the bankers.
They were going to give it to

835
00:44:33,160 --> 00:44:36,600
you and me, to the public.
The public they were going to,

836
00:44:36,680 --> 00:44:40,760
they were figuring out a plan
that if why give it to a middle

837
00:44:40,760 --> 00:44:43,120
man?
Why would you do that?

838
00:44:43,240 --> 00:44:46,280
The banks are crashing well, but
all the homeowners are the ones

839
00:44:46,280 --> 00:44:48,040
that are crashing.
If the homeowners had the money,

840
00:44:48,040 --> 00:44:50,720
they could pay back the banks
and the banks would be.

841
00:44:51,120 --> 00:44:52,640
Why would you give it directly
to the banks?

842
00:44:52,640 --> 00:44:54,160
Because the banks just fucked
them all.

843
00:44:54,400 --> 00:44:57,680
You know, they didn't give it to
the people that were hurt the

844
00:44:57,680 --> 00:45:00,640
worst.
Should have paid.

845
00:45:00,640 --> 00:45:03,080
Your loan should have paid.
Your loan should have paid your

846
00:45:03,080 --> 00:45:04,400
loan.
Well, you shouldn't have bought.

847
00:45:04,400 --> 00:45:06,360
You shouldn't have loaned in the
money, you dumb fuck.

848
00:45:06,560 --> 00:45:08,840
You know, I mean, no one ever
said that.

849
00:45:09,120 --> 00:45:10,320
Well, nobody went to jail
either.

850
00:45:10,600 --> 00:45:12,840
Nobody went to jail.
And that, that was what made me

851
00:45:12,840 --> 00:45:15,720
incredibly frustrated.
Yeah, it was very, it was, it

852
00:45:15,720 --> 00:45:18,120
was sad.
And no, that person that did the

853
00:45:18,120 --> 00:45:23,560
big shore spent like 50 or $75
million on politicians to kill

854
00:45:23,760 --> 00:45:29,560
that bill to, to reimburse the
homeowners, not the banks.

855
00:45:30,280 --> 00:45:33,560
They got rid of that and then
the money came out and then only

856
00:45:33,560 --> 00:45:35,840
went to the banks because the
banks were insolvent.

857
00:45:35,840 --> 00:45:38,640
Because remember, the banks have
been earning fees off of this

858
00:45:38,640 --> 00:45:40,880
for years.
They're talking about Barry.

859
00:45:41,360 --> 00:45:44,560
The guy Barry in the movie in
real life as well.

860
00:45:44,640 --> 00:45:47,200
OK, gotcha.
Well, he started his own fund

861
00:45:47,800 --> 00:45:51,720
and I think he's shorted a
number of things since then that

862
00:45:51,720 --> 00:45:56,000
and they'd be, it was just one
great idea, but that that built

863
00:45:56,000 --> 00:45:57,720
his empire.
He made it like a billion 2 or a

864
00:45:57,720 --> 00:46:00,400
billion 3 on that trades, those
trades.

865
00:46:00,960 --> 00:46:04,000
And but you know, the whole idea
that they lobbied the government

866
00:46:04,000 --> 00:46:06,560
to change what they were going
to do 'cause if they would have

867
00:46:06,560 --> 00:46:09,960
paid the homeowners back, he
would have lost his ass.

868
00:46:10,560 --> 00:46:12,600
Well.
Because, because then the

869
00:46:12,600 --> 00:46:15,640
mortgages wouldn't have.
He was bet, he was betting that

870
00:46:15,640 --> 00:46:20,120
they would go bankrupt and the
banks would go and the only way

871
00:46:20,120 --> 00:46:22,560
that they if they gave the, if
they bailed the banks out.

872
00:46:24,000 --> 00:46:25,720
He he got, he made all his
money.

873
00:46:26,120 --> 00:46:30,640
The mortgages rose the price
they were still viable.

874
00:46:30,640 --> 00:46:31,520
I guess.
I don't know.

875
00:46:31,800 --> 00:46:33,760
Well, interesting.
But you know, you think about

876
00:46:33,760 --> 00:46:36,320
all these, you know, we're,
we're, we're drifting away from

877
00:46:36,320 --> 00:46:38,280
taxes and stuff.
I wonder if he paid any taxes.

878
00:46:38,480 --> 00:46:40,480
That's another thing that you
think about with the VCs and

879
00:46:40,480 --> 00:46:41,760
they talk about carried
interest.

880
00:46:42,560 --> 00:46:46,520
You know that if you, if I buy a
company, let's say you're ZHB

881
00:46:46,520 --> 00:46:49,840
Productions company, I invest
$50 million in it.

882
00:46:50,120 --> 00:46:53,840
And if you in a or a million,
let's just or $100, I invest

883
00:46:53,840 --> 00:46:58,040
$100 in your company.
If you turn that company around

884
00:46:58,040 --> 00:47:02,920
in five years at 10X and say say
I make 5 grand off of it.

885
00:47:04,160 --> 00:47:12,280
If I take that 5 grand and I put
it into ZHB Productions too, I

886
00:47:12,280 --> 00:47:15,320
don't pay any taxes.
It's called carried interest.

887
00:47:15,800 --> 00:47:17,920
Seems wrong, doesn't it?
Yeah.

888
00:47:18,560 --> 00:47:21,360
I would say so.
You know, it's kind of like, oh,

889
00:47:21,920 --> 00:47:23,800
really?
You're encouraging investment

890
00:47:23,800 --> 00:47:26,240
and it's like, well, but he made
a ton of money.

891
00:47:26,480 --> 00:47:28,880
Are we going to invest in
building the roads?

892
00:47:28,880 --> 00:47:31,480
Nobody invests in building the
roads really.

893
00:47:32,160 --> 00:47:33,560
I mean, you're going to sub that
out?

894
00:47:33,560 --> 00:47:35,760
I can't believe we can't sub
stuff out like that.

895
00:47:35,800 --> 00:47:38,880
It's just not going to happen.
We can't sub out infrastructure.

896
00:47:38,880 --> 00:47:40,840
We can't do, you know, just so
many things.

897
00:47:42,120 --> 00:47:44,480
Sad, sad, sad.
It really is.

898
00:47:45,000 --> 00:47:46,920
It really is no.
It really is.

899
00:47:46,920 --> 00:47:49,920
What's it all mean?
Well, so you you were an anti

900
00:47:49,920 --> 00:47:51,520
tax guy, right?
Yeah.

901
00:47:52,080 --> 00:47:55,800
So you don't you don't believe.
And see, my thing is, is weirdly

902
00:47:55,800 --> 00:47:59,640
and I whip over to my little
notes here that what the types

903
00:47:59,640 --> 00:48:02,280
of taxes we pay.
Income tax, payroll tax, sales

904
00:48:02,280 --> 00:48:05,400
tax, property tax.
Well, I'm I'm getting to a few

905
00:48:05,400 --> 00:48:07,760
there.
Capital gains, excise tax.

906
00:48:09,480 --> 00:48:14,760
What else?
Estate taxes, how it's

907
00:48:14,760 --> 00:48:19,920
calculated tax rates. the US
total tax is 25% of our gross

908
00:48:19,920 --> 00:48:24,200
domestic product.
But the thing it's for, for me

909
00:48:24,200 --> 00:48:27,400
is, you know, public services,
infrastructure, defense,

910
00:48:27,400 --> 00:48:31,720
education, income, you know, all
the different types.

911
00:48:32,000 --> 00:48:36,040
See, I think that that those
things are needed and they're

912
00:48:36,040 --> 00:48:39,840
necessary and that that, I mean,
that's the reason that I.

913
00:48:39,840 --> 00:48:43,000
Think roads are nice?
You, you always tell me that and

914
00:48:43,000 --> 00:48:45,280
talk about the roads.
I mean, well, that's the first

915
00:48:45,280 --> 00:48:50,040
thing.
Roads, education, connection of

916
00:48:50,040 --> 00:48:52,960
people.
Well, if you really want to

917
00:48:52,960 --> 00:48:55,600
think about it, you know, that
football stadium, that's your

918
00:48:55,600 --> 00:48:58,320
tax dollar.
You want to think about it, the

919
00:48:58,320 --> 00:49:01,080
airlines.
Well, I'm just happy that I have

920
00:49:01,080 --> 00:49:06,800
bananas year round and the
Chiquita waged war on an island

921
00:49:06,800 --> 00:49:10,040
so and killed a bunch of people
so that I can have bananas year

922
00:49:10,040 --> 00:49:11,560
round.
That's what it's all about, do.

923
00:49:11,560 --> 00:49:14,200
You drink the water out of your
faucet.

924
00:49:14,920 --> 00:49:16,920
I do do.
You know why that's clean?

925
00:49:17,440 --> 00:49:19,480
Because of the government.
That's it.

926
00:49:19,680 --> 00:49:22,360
No fucking other reason.
You know that building you live

927
00:49:22,360 --> 00:49:24,240
in right now?
Yes.

928
00:49:24,560 --> 00:49:27,200
Do you know why that roof
doesn't fall in on your head?

929
00:49:28,880 --> 00:49:33,120
Also food at the grocery store.
Yeah, the food that you eat, the

930
00:49:33,120 --> 00:49:35,440
drugs that you take.
Some of it should be illegal

931
00:49:35,440 --> 00:49:37,840
though, not going to lie.
They get away with too much.

932
00:49:37,920 --> 00:49:40,080
Yeah, every you go to any other
country, they're like, yeah,

933
00:49:40,080 --> 00:49:42,960
that's illegal here.
We're we're not allowed to eat

934
00:49:42,960 --> 00:49:45,200
sawdust.
And I'm like, well, I like it.

935
00:49:45,200 --> 00:49:47,720
It tastes good on my hot.
Dog, it's OK as long as they

936
00:49:47,720 --> 00:49:50,480
tell you it's sawdust.
I love the remember Taco Bell.

937
00:49:50,920 --> 00:49:52,120
Yeah, what was it?
Sand.

938
00:49:53,520 --> 00:49:56,600
Silk, silicone, something or
other which turns out to be

939
00:49:56,600 --> 00:50:02,040
sand.
And the Taco meat, it's 38%

940
00:50:02,760 --> 00:50:05,680
sand.
That's why I can eat like 7 menu

941
00:50:05,680 --> 00:50:09,320
items, it'd be fine.
Christ, you know, and their and

942
00:50:09,320 --> 00:50:13,480
their answer was we start out
with real beef.

943
00:50:13,680 --> 00:50:17,080
I'm like, hey, you know, before
I go to the bathroom, I start

944
00:50:17,080 --> 00:50:19,240
out with a real Taco.
But what the hell?

945
00:50:19,360 --> 00:50:21,920
Well, that's how it also, it's
nothing you want to eat.

946
00:50:22,200 --> 00:50:24,360
You know what they do?
They pump it full of sodium too,

947
00:50:24,360 --> 00:50:27,080
because you, you see sodium
warnings on every single one of

948
00:50:27,080 --> 00:50:30,000
those things.
It's like this is 75% of your

949
00:50:30,000 --> 00:50:31,680
daily sodium inside.
A Taco Bell man.

950
00:50:32,160 --> 00:50:35,400
Well, that's why you get full
after, it's not the actual

951
00:50:35,400 --> 00:50:37,040
content.
It's the.

952
00:50:37,080 --> 00:50:41,640
Sodium that makes you appear to
be full, but you're really just

953
00:50:41,640 --> 00:50:44,560
bloated from the amount of
sodium in the product.

954
00:50:45,120 --> 00:50:48,200
Wow, crazy isn't it?
You mean the sand and the

955
00:50:48,200 --> 00:50:48,920
sodium?
The.

956
00:50:48,960 --> 00:50:51,600
Sand and so good.
They really do.

957
00:50:51,600 --> 00:50:53,120
The crunch wrap.
Oh my God.

958
00:50:53,560 --> 00:50:56,200
Especially when you're almost
blackout drunk.

959
00:50:56,280 --> 00:50:59,480
Oh my God, When you eat a
crunch, the crunch wrap.

960
00:51:00,040 --> 00:51:03,640
Yeah, but you got to eat it.
What, like right after you get

961
00:51:03,640 --> 00:51:06,680
it, it's really bad.
Like I remember I was travelling

962
00:51:06,680 --> 00:51:09,120
in the car with somebody and
they're like, we got to wait to

963
00:51:09,160 --> 00:51:11,240
eat till we get home.
And I'm like, this is not we're

964
00:51:11,240 --> 00:51:12,160
going.
I want, I'm going to want to

965
00:51:12,160 --> 00:51:13,320
throw this away when we get
home.

966
00:51:13,520 --> 00:51:15,160
Right.
You don't what?

967
00:51:15,320 --> 00:51:19,360
No, you eat it in the parking
lot at the after the drive

968
00:51:19,360 --> 00:51:21,280
through.
And it's like we had the Let's

969
00:51:21,280 --> 00:51:25,280
Get Hammered night here and one
of the guys, Jeff, ordered the

970
00:51:25,960 --> 00:51:28,720
$99.05 of Burger King.
We.

971
00:51:28,720 --> 00:51:31,600
Got so much Burger King that.
Got we got, we got hammered and

972
00:51:31,600 --> 00:51:33,520
it was like.
And he started ordering and then

973
00:51:33,520 --> 00:51:35,440
he started saying, well, you
know, everybody's going to want

974
00:51:35,800 --> 00:51:38,280
a veal parm.
Well, everybody's going to want

975
00:51:38,280 --> 00:51:40,120
a whopper.
Well, everybody's going to want.

976
00:51:40,320 --> 00:51:43,320
And there was only like 3 of us.
Everybody's going to want large

977
00:51:43,320 --> 00:51:45,120
fry and well, everybody's going
to want.

978
00:51:45,120 --> 00:51:47,560
And he and he went down the list
like this and he said, I didn't

979
00:51:47,600 --> 00:51:49,680
realize it.
And then it was just like, you

980
00:51:49,680 --> 00:51:51,720
know, my credit card was saved
and I hit my credit card and it

981
00:51:51,720 --> 00:51:55,480
was Uber and Uber eats and they
brought it and, and it just sat

982
00:51:55,480 --> 00:51:56,760
on the front porch and he didn't
see it.

983
00:51:57,840 --> 00:51:59,440
And I can't.
I got it the next day.

984
00:52:00,120 --> 00:52:01,880
I picked it up.
I picked up the bag and the bag

985
00:52:01,880 --> 00:52:04,400
was like, you know, one of those
giant double bags.

986
00:52:04,400 --> 00:52:08,080
It was only one huge bag.
And I saw the price and I was

987
00:52:08,080 --> 00:52:10,280
like, Oh my God, you idiot.
They must have been pissed

988
00:52:10,280 --> 00:52:12,440
because they close early too.
It was.

989
00:52:12,440 --> 00:52:16,400
Lukewarm.
I pulled it out, I whipped it

990
00:52:16,400 --> 00:52:19,000
out and I said OK, I got AI, got
AI.

991
00:52:19,000 --> 00:52:21,440
Can't just pitch it all.
It's been sitting out there.

992
00:52:21,440 --> 00:52:24,160
And The thing is, is that I have
raccoons and every other animal

993
00:52:24,160 --> 00:52:25,600
well.
Let me ask you something.

994
00:52:25,600 --> 00:52:27,240
And they did not eat it.
What?

995
00:52:27,240 --> 00:52:30,160
Time did he order at?
Because it might have been

996
00:52:30,160 --> 00:52:34,040
closed and then he did a timed
order for the morning by

997
00:52:34,040 --> 00:52:35,600
accident.
No, but it was.

998
00:52:35,600 --> 00:52:37,040
Cold.
No, it was cold.

999
00:52:37,080 --> 00:52:39,320
OK, gotcha.
It was, it was because I pulled

1000
00:52:39,320 --> 00:52:41,040
it out and I said I didn't even
try to eat it.

1001
00:52:41,040 --> 00:52:43,240
I just took, I whipped out the
Whopper and I took a bite and I

1002
00:52:43,240 --> 00:52:45,320
was like, no, it's not a good
idea.

1003
00:52:46,480 --> 00:52:48,840
And I put it back and I said,
OK, but but cheeseburgers don't

1004
00:52:48,840 --> 00:52:50,360
have all that mayonnaise and
shit on them.

1005
00:52:50,360 --> 00:52:52,280
They should be good.
So I pull out the cheeseburger.

1006
00:52:52,280 --> 00:52:53,840
I take a bite.
No, this is not good.

1007
00:52:54,320 --> 00:52:56,440
Well, maybe the hamburger
doesn't have the cheese.

1008
00:52:56,440 --> 00:52:58,160
It might be good.
And I take, pull out a hamburger

1009
00:52:58,160 --> 00:52:59,760
and I take a bite of that.
I'm like, why do you wear

1010
00:52:59,760 --> 00:53:01,960
hamburgers?
And I was like, no.

1011
00:53:02,560 --> 00:53:04,960
And then, and then I opened up
some of the little boxes because

1012
00:53:04,960 --> 00:53:07,600
they had those little, those
little weird cheese things, you

1013
00:53:07,600 --> 00:53:11,200
know, with marinara sauce.
And I picked it up and I went

1014
00:53:11,200 --> 00:53:13,160
squish, squish.
And I was like, no, I can't do

1015
00:53:13,160 --> 00:53:14,000
that.
Marinara.

1016
00:53:14,320 --> 00:53:17,400
I didn't even bite.
I didn't even bite those but I

1017
00:53:17,400 --> 00:53:21,600
had like 3 or 4 bites of
different things and then I'm

1018
00:53:21,600 --> 00:53:25,320
like and I the thing that was
bothering me is that it was

1019
00:53:25,320 --> 00:53:28,240
$100.00 of food.
That's a lot.

1020
00:53:28,560 --> 00:53:31,160
And the thing about the amount
of cows that dine for that, you

1021
00:53:31,160 --> 00:53:31,920
know?
And it was just.

1022
00:53:31,960 --> 00:53:33,760
It was.
Probably 1, I don't know it was.

1023
00:53:33,840 --> 00:53:39,240
Utter and complete garbage and
and I was like and me as growing

1024
00:53:39,240 --> 00:53:45,040
up wasting I mean a literal
waste of $100 on something is

1025
00:53:45,400 --> 00:53:48,640
was just bothered me.
So I felt like I needed to eat

1026
00:53:48,640 --> 00:53:52,800
the food to justify, but I would
have died, I think, if I ate it.

1027
00:53:53,280 --> 00:53:55,680
And I ended up just pitching it
all, you know?

1028
00:53:56,080 --> 00:53:58,240
Yeah.
Yeah, I pitched it all and I

1029
00:53:58,240 --> 00:54:01,640
called him and I laughed and he
was like, you know, I think I

1030
00:54:01,760 --> 00:54:05,280
yeah, I remember ordering that.
I we got high and it's like, oh

1031
00:54:05,280 --> 00:54:10,040
God, that's it.
That's what happens.

1032
00:54:10,080 --> 00:54:12,440
You get, I mean, you get high
and then you pay your taxes.

1033
00:54:12,880 --> 00:54:14,520
Oh my God.
That's what I always do.

1034
00:54:15,120 --> 00:54:17,160
You what?
I always get high at the H&R

1035
00:54:17,160 --> 00:54:21,400
Block with the, with my guy,
with my supervisor, and we do it

1036
00:54:21,400 --> 00:54:22,080
together.
Was it?

1037
00:54:22,240 --> 00:54:24,520
Is it we hot?
Box the H&R Block and make.

1038
00:54:24,520 --> 00:54:27,560
Sure is it hit and run?
Hit and run.

1039
00:54:27,560 --> 00:54:29,720
Oh, hit and file.
That's what it is it.

1040
00:54:30,240 --> 00:54:32,200
Should be H and FH.
And F.

1041
00:54:33,000 --> 00:54:36,160
Instead H and RH and R is hit
and run block.

1042
00:54:37,240 --> 00:54:39,520
Hit and run block.
Yeah, hit and hit and run.

1043
00:54:39,520 --> 00:54:42,400
Somebody on my block, right?
Oh, God.

1044
00:54:42,400 --> 00:54:44,000
I want you to H&R Block, my
neighbor.

1045
00:54:46,680 --> 00:54:49,600
There you go.
Maybe that we have time.

1046
00:54:49,600 --> 00:54:51,120
What do we have here?
We're at.

1047
00:54:51,200 --> 00:54:52,160
Oh, my God.
You talked.

1048
00:54:52,160 --> 00:54:54,080
It's over an hour, man.
Way too much talking.

1049
00:54:54,080 --> 00:54:56,880
Sounds good to me.
Taxation without representation.

1050
00:54:57,080 --> 00:54:58,920
No taxation with that
representation.

1051
00:54:58,920 --> 00:55:04,160
We should free Puerto Rico and
free Samoa and free DC.

1052
00:55:04,400 --> 00:55:06,600
Give them all voting.
Give it all.

1053
00:55:06,640 --> 00:55:09,120
Give it all everybody to vote.
I hope they have.

1054
00:55:09,280 --> 00:55:10,440
What they don't have, they don't
have.

1055
00:55:10,520 --> 00:55:11,720
They don't have.
No, they don't have voting

1056
00:55:11,720 --> 00:55:12,880
rights.
Not really.

1057
00:55:13,280 --> 00:55:14,120
No.
That's crazy.

1058
00:55:14,600 --> 00:55:15,360
Yeah.
I'm not Hawaii.

1059
00:55:15,400 --> 00:55:17,080
Surprised.
Yeah.

1060
00:55:17,520 --> 00:55:18,840
Why in Alaska?
State, right?

1061
00:55:18,880 --> 00:55:21,680
Yeah.
Yeah, Alaska has 11 people and

1062
00:55:21,680 --> 00:55:24,280
they have two senators.
Territory should be able to

1063
00:55:24,280 --> 00:55:25,080
vote.
That's crazy.

1064
00:55:25,280 --> 00:55:28,880
New York has 900 million and
they have two senators.

1065
00:55:29,400 --> 00:55:30,600
But hey, it is.
What else?

1066
00:55:30,760 --> 00:55:33,160
Right, well, that was meant to
prevent tyranny, but you know,

1067
00:55:33,160 --> 00:55:36,560
like where we are now.
Thank you guys for listening as

1068
00:55:36,560 --> 00:55:39,200
always.
Go check out the website.

1069
00:55:39,440 --> 00:55:43,640
And then we have a new marketing
team that's hired on and yeah,

1070
00:55:43,640 --> 00:55:44,440
so.
What's their name?

1071
00:55:45,880 --> 00:55:47,600
I should do a plug for them,
actually.

1072
00:55:47,920 --> 00:55:50,040
Yeah, plug them.
We'll plug them next time.

1073
00:55:50,480 --> 00:55:51,880
I don't remember the marketing
team.

1074
00:55:51,880 --> 00:55:52,600
That's how good.
We are.

1075
00:55:52,600 --> 00:55:56,160
I will if reach out if you're
interested.

1076
00:55:56,320 --> 00:55:57,440
All right.
Technical love, man.

1077
00:55:57,440 --> 00:55:59,560
Technical love.
Give a love to technics, man.

1078
00:55:59,560 --> 00:56:00,840
Come on.
Do it.

1079
00:56:00,920 --> 00:56:02,200
All right, bye.
Bye.