In this episode, I discuss President Obama's remarks at the poverty summit, and why the rich don't pay their fair share in taxes. I also talk about why it's important for parents to teach their kids about the value of being a good parent.
00:00:50.000Now listen, that's not nothing, right?
00:00:52.000I mean, people should be really happy if you're blessed with $300,000.
00:00:56.000$300,000 in the wrong neighborhood in Manhattan gets you an apartment that you can't fit into in a neighborhood in which you're ashamed to walk.
00:03:28.000I'm just saying maybe we can go up to, like, taxing like ordinary income, which means that they might have to pay, you know, a true rate of around 23%, 25%.
00:03:46.000I don't know where he's getting this number.
00:03:50.000I don't know where he's getting the marginal tax rates.
00:06:14.000Instead of holding the man accountable, the government needs to give them, if the government just gave them more stuff, if they just took from the people who have more money than you could ever spend in your lifetime at $300,000.
00:06:29.000I don't even know what the median home price is in a place like California.
00:06:34.000It's probably more than that in California.
00:06:36.000If we could just take from the people who would never be able to spend that much money ever in their life and give it to these families, then the men wouldn't walk out.
00:06:45.000It's that kind of backwards thinking that they use to justify taking money from you to give it to someone who chose to walk out on their family.
00:06:59.000But I also know that that character and the values that our kids have that allow them to succeed and delayed gratification and discipline and hard work, that all those things in part are shaped by what they see.
00:07:12.000What is more exemplary of what children see than a fatherless household?
00:07:22.000Notice he always says, I'm all for values and I'm all for character and integrity.
00:08:09.000I don't believe for a second that the federal government is committed to helping these children as much as a loving mother and father would be.
00:08:21.000And if I did, I believe for even less of a second Whatever the smallest nanosecond is that can be measured, unlike those sound machines that are used to measure dolphins on the crazy discovery channel, which is awesome.
00:08:37.000There's a sound coming from the middle of the ocean.
00:08:38.000We don't even know where it comes from yet.
00:08:40.000Whatever they use for that, whatever the shortest nanosecond is that you could possibly measure, I believe for less than that, that the government is remotely capable...
00:08:51.000Of providing that care for those children.
00:11:43.000$1,600 on average for two kids in a family?
00:11:46.000Well, $1,600 to play football or, you know, play in the band or a French club or whatever.
00:11:50.000It's not a big deal if your income is $200,000, but if your income is $16,000, who in their right mind is going to be paying 10% of their family income?
00:12:21.000The context here is talking about the highest marginal tax rates and where they should come in and who can afford, which lottery winner can afford to pay a moderately higher amount.
00:12:56.000The takeaway here is if you make $200,000 a year, you are one of society's lottery winners who can afford to pay more than a moderate amount.