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Mark takes your calls! · The Mark Simone Show

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  Speaker 1: Get hits and access to Mark by setting a free
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  Speaker 1: set in the iHeartRadio app for his live show and
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  Speaker 1: his podcast. Now back to the Monk Simone Show on
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  Speaker 1: wr Hey, we'll take some calls. Eight hundred three to
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  Speaker 1: two one zero seven ten is the number. Let's go
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  Speaker 1: to Dante in New Jersey. Dante, how you doing.
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  Speaker 2: I'm doing all right. I got a question maybe somebody
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  Speaker 2: can answer. These oil producers in America. I think they're
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  Speaker 2: ripping us off because they're not paying one dime more
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  Speaker 2: to produce the oil in this country than they were
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  Speaker 2: three weeks ago.
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  Speaker 3: And we can we.
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  Speaker 2: Produced more oil than anybody else in the world, and
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  Speaker 2: some of the oil comes off of our own sedral land,
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  Speaker 2: which belongs to us.
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  Speaker 1: Yeah, sometimes it's the oil companies. More often it's the governments,
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  Speaker 1: the local state governments. You know, gas when it was
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  Speaker 1: two dollars and thirty cents everywhere in America. Still six
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  Speaker 1: dollars in California, Still four dollars in parts in New York.
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  Speaker 1: That's because the governments just tax it to death, tax
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  Speaker 1: it to death. You know, when you go to the
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  Speaker 1: pump and it's the let's say four dollars about twelve
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  Speaker 1: cents of that goes to the oil company. The rest
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  Speaker 1: is all taxes and fees. Let's go to Joe in Mattawan,
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  Speaker 1: New Jersey. Joe, how you doing.
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  Speaker 4: Well? Thank you? Mark. I enjoyed your piece just before
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  Speaker 4: the break on alcohol consumption of the demographic group below
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  Speaker 4: thirty five. My question to you is, if they're not
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  Speaker 4: drinking and going to happy hours, what are they doing
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  Speaker 4: with that time?
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  Speaker 1: They're staying home, they're looking at their phone, they're meeting
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  Speaker 1: each other online. They don't need to go to a
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  Speaker 1: happy hour, they don't need to go.
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  Speaker 3: To a bar.
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  Speaker 1: It's kind of sad. I mean, everything's moving to online
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  Speaker 1: and not in person.
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  Speaker 4: But okay, thank you Mark.
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  Speaker 1: Yeah. Now, if you're in the middle of Manhattan and
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  Speaker 1: you go to you'll see a big bar crowd in
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  Speaker 1: the middle of Manhattan. But that's Manhattan, although not as
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  Speaker 1: big as it used to be. But if you're out
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  Speaker 1: in the suburbs or in other places, you really don't
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  Speaker 1: see the happy hour crowd is a lot, a lot
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  Speaker 1: smaller than it used to be. Let's go to Vincent
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  Speaker 1: and Brooklyn. Vincent.
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  Speaker 3: How you doing, good morning, Mark, Mark. I'm okay. I
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  Speaker 3: believe part of the problem with the repeat crime in
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  Speaker 3: the Bronx is the fact that you have these uh
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  Speaker 3: you have a whacked out liberal district attorney up there,
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  Speaker 3: and also a lot of the judges. There's one judge
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  Speaker 3: in particular, she's she's like Bruce Wright of the of
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  Speaker 3: the seventies and eighties that was in Tom Wolf's book
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  Speaker 3: exactly exactly mark this law that Mondomi wants to pass
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  Speaker 3: about lowering the threshold of having a with the inheritance tax,
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  Speaker 3: that's a real can of worms if you really look
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  Speaker 3: into it. Because let's say a person owns a business
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  Speaker 3: and it's it's not traded publicly. Let's say a person
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  Speaker 3: who has a real tony uh card dealership that could
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  Speaker 3: easily be worth over a million dollars. First, even a
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  Speaker 3: small business to be worth over a million dollars these
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  Speaker 3: days isn't very hard, especially if it's a small building
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  Speaker 3: attached with the business. And if this person wants to
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  Speaker 3: pass that on to his kids, his grandkids, whoever, a friend.
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  Speaker 3: If these people don't come up with the inheritance tax
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  Speaker 3: on that, the city could confiscate the property and everything.
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  Speaker 1: Yeah, I think that's the idea. I think that's what man.
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  Speaker 5: Donne's uptodes, that's what he said, because he wants.
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  Speaker 1: Inheritance tax doesn't kick in till seven million. He wants
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  Speaker 1: to make it seven hundred and fifty thousand, which means
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  Speaker 1: for most people, if they die the house, the kids
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  Speaker 1: will need to sell it to pay the inheritance tax
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  Speaker 1: and they.
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  Speaker 5: And that's going to really really hurt the black and
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  Speaker 5: Hispanic middle class and even the white middle class, because
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  Speaker 5: that's into generational wealth. These people worked all their lives
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  Speaker 5: to finally pay off this house and they want to
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  Speaker 5: pass it on to their kids or their grandkids. And
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  Speaker 5: he's not even saying per individual who's in the will,
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  Speaker 5: wol who's going to inherit this. This is the total
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  Speaker 5: value of the estate that's nothing these days, seven hundred
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  Speaker 5: and fifty thousand dollars. So at what about a company
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  Speaker 5: like the Trump Corporation. Now I don't know if it's
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  Speaker 5: publicly traded, but I'm just using that as an example.
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  Speaker 5: What is he going to come and confiscate big companies
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  Speaker 5: and everything that are still helped privately.
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  Speaker 1: Yeah, it's ridiculous, Vincent, great call, Thanks for calling. Yeah,
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  Speaker 1: the real problem is in New York City and they's
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  Speaker 1: talking about fifty percent tax. If you die. Let's say
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  Speaker 1: it's a seven hundred thousand dollars house, the tax will
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  Speaker 1: be three hundred and fifty thousand. Many many cases, they
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  Speaker 1: wouldn't be able to pass the house along to their kids.
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  Speaker 1: The kids would have to sell it to pay the
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  Speaker 1: inheritance tax. And first of all, they arguing against inheritance tax.
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  Speaker 1: This money's already been taxed. When the person earned it,
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  Speaker 1: they paid tax on it. It's already taxed. The money.
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  Speaker 1: Once you pay all the tax and it's yours, it
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  Speaker 1: shouldn't be taxed again. Anyway. It's a crazy, crazy, ridiculous
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  Speaker 1: Momdani proposal. Hey, when we come back, Jimmy Fayla on
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  Speaker 1: every night at nine here on WR. It's very funny.
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  Speaker 1: We'll talk to Jimmy Fayler next on seven to ten
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  Speaker 1: wor