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Back to episode — Episode 2589 CWSA 09/06/24

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t care. And that is not an argument that I need to pay for it. You can make your little academic argument that connects all the dots and I can look at it on a piece of paper and I'll say yes I get that. That dot, yep that does connect. Those dots are all connected. You've made your point. But I don't care. And there's no reason I should care because nobody has magic special problems. We all got p…

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indeed it should be paid the other direction? No, this is dumb, divisive, terrible, illogical, evil. And I hate you if you're looking at this as a reason to take my money that I worked for under a system that I was told that if I did all the right things I'd get to keep my money. And now Harris is making it very clear that if I do all the right things I still have to give the money to people who didn't.

Now there are other reasons people don't succeed but I'm not buying into this at all. No, you cannot make me think that one group of people had special magical problems and therefore I have to give them my money. Nope. There's no argument that connects that dot.

88 corporate leaders just backed Kamala Harris, including James Murdoch, the former CEO of 21st Century Fox and an heir to the Murdoch family media empire. So that would mean that everybody on the left-leaning side of the news is in favor of Kamala Harris, but also the primary major entity that would be potentially on the other side is in favor of Kamala Harris, at least in terms of ownership of the Fox network. There would be plenty of individual opinions that will vary of course. That's not good.

Now here's the question. If you were a stockholder of any of these 88 corporations, would you be happy that they just volunteered you to make less money because they decided to back the one who's going to tax them the most? You idiots. Here's my advice for company leaders. You've got two choices that don't make you look like the biggest idiot in the world. One, stay completely out of it. I would use as my example Jeff Bezos. I imagine Jeff Bezos has strong opinions about things political. I'm quite impressed at the degree to which he's managed to stay out of it. Now of course Amazon like every company is going to have some wokeness and DEI and stuff. It's somewhat unavoidable in the corporate world at the moment. But I'm not even sure I could tell you what Jeff Bezos's personal opinion is. And Zuckerberg also told you he was going to stay out of it this time. What do I think about those two leaders? Excellent. I only need you to make money so my stocks go up and the country does well and your employees get paid and then they can buy things from me. That's all I need. I don't need you advocating for you to pay more taxes. I don't need the fiduciary leader of the thing I invested in to be saying in public, you know I'd like to give some of my money away. Not for any particular reason. It's just, I don't know, I just thought I should back this candidate who's going to take more of my money and therefore your money.

I can't even believe that these idiots would sign up for we're going to back the one who wants to take more of our money. Now I get that the argument is more than just taxes but if you're the CEO of a publicly traded company I feel like you should pay attention to the taxes and maybe not the other issues. That would be my advice. Otherwise you were in the wrong jobs, my friends. You should all be removed honestly. The boards of each of these companies should remove them.

Imagine that you were a leader of one of these 88 companies and you just endorsed Harris and you didn't need to. It was optional. You could have just said we're staying out of it. Don't you think that that automatically cost them business because the Republicans would say all right if I have a choice I will no longer buy from your company because I wanted you just to make money but now if I give you money you're going to be using it to destroy the country as I see it. So if I were the board I would remove all 88 of them and I would do it right away. I mean I wouldn't even wait till the end of the day. I would say look you are absolutely free to endorse anybody you want as long as you're not working here because if you're working here you're just crushing our revenue potential forever. By the way Bud Light is not catching up. So yeah that's 88 boards that should be meeting today and should be removing every one of these people. I just don't think people in corporations should be backing any candidate.

Now this is going to sound inconsistent but if they'd backed the candidate who wanted to lower their taxes I would back off because I would say okay that does feel like you're getting into politics but not really because you're really into just lowering your own taxes and that's your job. You're supposed to be trying to lower your taxes. So if a CEO or CFO says we like the one who's going to lower our taxes, fine. That's like not even political. That's just your taxes. I wouldn't even think about not shopping there for that reason. Maybe Democrats would but I doubt that too.

According to Zero Hedge the jobs that people are getting are mostly going to foreign-born workers. So the foreign-born workers were up 635,000 in jobs in August while native-born were down 1.3 million. Now you're going to say to yourself that's terrible because the foreign-born people are getting all the jobs. But I would hedge it this way. Why did they get the jobs? Remember it's foreign-born. It's not just undocumented. We're not talking about the people who walked across the border with the clothes on their back. Foreign-born quite often means that you're a technical expert or a doctor or a scientist and you came to America because it's a better opportunity. Well of course they're employed because they're here because they have those skills that are in high demand. So without knowing if the quote foreign-born workers are mostly people who walked across the border with nothing including an education and English ability or people who were fluent in two or three languages and had a skill stack like you can't believe and they would just rather work in America, to which I say come on in, the more the better. So it's not really clear that they're taking American jobs. It might have been there weren't Americans for those jobs. We don't know. So I say that could be good and it could be bad and we can't tell.

Trump was asked about child care at an event I think the other day and some say his answer was incoherent. I would agree with that. I think he's got some idea like using tariffs to pay for it or something. I don't kn

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ow. But it doesn't sound like a real plan. So I'm not going to say oh he's got the good plan. I don't think he's got a plan. But here's my way I would approach it. I would approach health care the way I would approach a number of other topics like transportation for example, insurance. If you were to design a city from scratch with the understanding that only the federal government would have any…

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