Latest / Talk to Prince Show - Solving World's Problems / Prince Israel Zaar on: The Supreme Court should be Mindful Ruling Against
Transcript
- 0:01Speaker 1: Uh. On the issue of tariffs between the American people,
- 0:12Speaker 1: the Supreme Court, and the President Trump administration. M H.
- 0:22Speaker 1: What does that play. It's the the constitution, the constitutionality
- 0:31Speaker 1: of the law of the order, the emergency power, the
- 0:41Speaker 1: the unilateral nature of m deciding when it's an emergency,
- 0:49Speaker 1: the the the circumstances of the tariffs. That's the constitutionality
- 0:58Speaker 1: of it, and I think that's the jurisdiction of the
- 1:01Speaker 1: Supreme Court. Then the the second part of it, it's
- 1:11Speaker 1: the American people. The brought the brunt of the tariffs,
- 1:20Speaker 1: the question of what it's a tax, and economically it
- 1:29Speaker 1: is a tax, but the issue is the burden of
- 1:35Speaker 1: the tax, who pays the tax? And it's very clear
- 1:41Speaker 1: that the President has been able to make some of
- 1:46Speaker 1: the companies bear the burden. It means the President has
- 1:56Speaker 1: prevented some companies from from passing the taxes down to
- 2:01Speaker 1: the people. And the issue is it's just a matter
- 2:07Speaker 1: of time when there you know, when the mother carries
- 2:13Speaker 1: a baby in the stomach and if that's the right word,
- 2:17Speaker 1: in the womb, at the point in time it becomes
- 2:21Speaker 1: so heavy. That's why they call deliver and the baby
- 2:24Speaker 1: needs to be on its own and leave the mode alone.
- 2:28Speaker 1: So the issues when how long will the companies bear
- 2:36Speaker 1: the taxes before it's passed down to the people. So
- 2:41Speaker 1: I've stated that the constitutionality, that's the Supreme Court, the
- 2:46Speaker 1: American people. And the third part it's the President of
- 2:50Speaker 1: the United States. That's an administrative an executive authority part
- 2:59Speaker 1: of it. And to see it from the lens of
- 3:03Speaker 1: the president, I need to go back to this campaign,
- 3:06Speaker 1: the campaign promises they made to the American people and
- 3:14Speaker 1: about the world economy and how countries, based on his
- 3:23Speaker 1: analysis of it, are taken advantage of America and on
- 3:30Speaker 1: the unevenness of the attacks of the tariffs. They go
- 3:35Speaker 1: to certain countries, you know, the restrict American goods, and
- 3:40Speaker 1: that's true many part of the world. It's not a
- 3:43Speaker 1: level plane fail. And he told it. Why he start
- 3:50Speaker 1: to make it plain fail. You know, maybe it was
- 3:54Speaker 1: a misunderstanding of the economics or how tariff works. But
- 3:59Speaker 1: they intend it's too swell. The the American treasury with
- 4:10Speaker 1: with revenues collected from the twists all over the world,
- 4:17Speaker 1: and that can be used to help the American people
- 4:20Speaker 1: or to fund some government projects without burdoning the the
- 4:32Speaker 1: the high ending American companies. You know, they the giants
- 4:38Speaker 1: of America without taxing the rich. Put it that way
- 4:40Speaker 1: in order to take out the poor. So it's to him.
- 4:46Speaker 1: It's looking for an in between, you know, not to
- 4:49Speaker 1: be somewhat they called the socialists or communists or you know,
- 4:54Speaker 1: trying to be American first by squeezing revenue from overseas
- 5:02Speaker 1: to tarists and taking care of America. And it's a
- 5:13Speaker 1: way to to to you know, with the multipolar reality
- 5:18Speaker 1: of the world, you know, it seems to compete to
- 5:23Speaker 1: see how to squeeze our enemies or competitors. You know,
- 5:29Speaker 1: it's the factions in America does see China three factions
- 5:33Speaker 1: in America and China. One does see China as an enemy.
- 5:37Speaker 1: One does see China as a competitor in the mirror
- 5:41Speaker 1: that once America and China to work together. Pretty good
- 5:46Speaker 1: of everybody I am in that mirror. You know that
- 5:53Speaker 1: when two giants are fighting, you know, the grass suffer.
- 5:56Speaker 1: It's all political. So these are the three factions when
- 6:04Speaker 1: it comes to the tariffs, and their reasons are genuine
- 6:09Speaker 1: and the the croux of the matter, it's the universality
- 6:20Speaker 1: of the tariffs and the discrepancy on the right of
- 6:27Speaker 1: tariffs and the and the uni lateral nature of the president.
- 6:37Speaker 1: We can choose when to activate, when to the activate.
- 6:41Speaker 1: So that's the confusion it creates in the market, the
- 6:46Speaker 1: unpredictability and the consequences it's having for the economy. The
- 6:53Speaker 1: consequences for the economy, it's obvious. Everybody can see it.
- 6:56Speaker 1: You cannot splain it. You can, it's sometimes you can
- 6:58Speaker 1: spin numbers in the books, but realistically you cannot spin
- 7:04Speaker 1: numbers because people better prompt People feel the pinch and
- 7:08Speaker 1: people you know, when winkle to the grossery store or
- 7:12Speaker 1: to buy a car, or to pay or mortgage, and
- 7:16Speaker 1: the threat, you know, and people have been laid layoffs,
- 7:20Speaker 1: and people are scared of the put and holding back,
- 7:24Speaker 1: carrying back, and the government is struggling, shutting down, and
- 7:30Speaker 1: you know, the the and the way it's going overseas.
- 7:35Speaker 1: You know, with all we've got the car, the cards,
- 7:37Speaker 1: but we see that like the rare earth, we don't.
- 7:40Speaker 1: And some countries come to negotiate the tariffs, they don't
- 7:44Speaker 1: do in a good fight and they just try to
- 7:46Speaker 1: place the president and president and some leaders change hands,
- 7:52Speaker 1: you know, Prime minister, change hands. You got somebody who
- 7:54Speaker 1: comes in and the market likes stability or predictability and
- 8:00Speaker 1: the ability, and that's that's that's what it's all about
- 8:04Speaker 1: the tariffs. Is it genuine for the American president to
- 8:08Speaker 1: fulfill his campaign promises? Yes? Is it the constitutional matter
- 8:14Speaker 1: for the for the for the Supreme Court to be
- 8:17Speaker 1: scared of precedents? If it happens to her, will it
- 8:21Speaker 1: happen to be if the Republicans can do that with
- 8:26Speaker 1: the Democratic Party do that too, And if the Congress
- 8:31Speaker 1: does not place role to be the one in charge
- 8:36Speaker 1: of the tariffs, is that a new president that we're
- 8:41Speaker 1: trying to set And so the issue is here. The
- 8:48Speaker 1: issue here is what to do with the tariffs. And
- 8:52Speaker 1: it becomes a matter of saving face because the based
- 9:01Speaker 1: on the constitutionalit tur and the powers vested on the president,
- 9:04Speaker 1: you know, the president's legally not wrong. You can stretch
- 9:08Speaker 1: the law. It can only be the Supreme Court to
- 9:11Speaker 1: take the president that the emergency power doesn't apply here,
- 9:17Speaker 1: and it will be a stretched equality for the Supreme
- 9:20Speaker 1: Court to explain why it doesn't apply. And again it
- 9:23Speaker 1: comes a matter of precedents. But if you are to
- 9:28Speaker 1: rule against the president, and then the issue becomes what
- 9:36Speaker 1: happens to the tarriers already collected because some of it
- 9:41Speaker 1: it's used already. I think. So, so with the president,
- 9:46Speaker 1: wily be paid back to the countries? And how would
- 9:49Speaker 1: that work? And how would the world see America, you know,
- 9:58Speaker 1: the American power? How would the president be vealed? Would
- 10:03Speaker 1: the president be really cooled? And how would I help America?
- 10:09Speaker 1: And because the talents are already here and I don't see
- 10:17Speaker 1: the visibilities of seeing the president is wrong and the
- 10:25Speaker 1: Supreme Court ruling against the president, that would not That's
- 10:31Speaker 1: what many people like for it to happen, but it
- 10:35Speaker 1: will becometer productive to the Court, to the President of
- 10:38Speaker 1: American people, for the economy for that to happen. So
- 10:45Speaker 1: they ruling were based on reasonableness, excessive use of power,
- 10:52Speaker 1: you know, how to bring the Congress back in so
- 10:55Speaker 1: they can only be going forward and needs to be
- 10:58Speaker 1: done by the Congress. But it would be illogical and
- 11:06Speaker 1: counter capitalist principles for the president to give the money back,
- 11:11Speaker 1: you know, I don't, I don't know, It's makes no
- 11:15Speaker 1: that makes no sense. The most important part would be consistency,
- 11:25Speaker 1: you know, and the rate of the tariffs and the
- 11:29Speaker 1: pushbacks from other countries. You know, it's in a saving
- 11:35Speaker 1: face type of thing, but it must make American look strong.
- 11:39Speaker 1: You don't want to make the president look weak. Then
- 11:43Speaker 1: it would start and subverted the negotiation powers of the president.
- 11:50Speaker 1: You can see that the President is a transactioner. He
- 11:53Speaker 1: likes he likes to make deals, you know, between states, right,
- 12:02Speaker 1: it likes two people meeting and coming out coming out
- 12:05Speaker 1: with something that's different from other countries. And that negotiating
- 12:09Speaker 1: power of the president. Don't want to give it away.
- 12:14Speaker 1: It can be the tiists might be reduced. The baseline
- 12:20Speaker 1: was ten percent, you know, to the compromise going forward
- 12:25Speaker 1: instead of if the courts were to rule against the president,
- 12:28Speaker 1: of which I don't think they should. The compromise going
- 12:33Speaker 1: forward might be that we keep the tariffs and the
- 12:37Speaker 1: percentage might be reduced maybe from ten percent baseline to
- 12:42Speaker 1: five percent, or it will be some negotiation. But my
- 12:45Speaker 1: own particular countries that are rivalries of America, you know,
- 12:49Speaker 1: the president you have the power, you know, through the
- 12:54Speaker 1: consent of the Congress, to at least to be able
- 12:58Speaker 1: to lead. Yeah, because it's a difficult time for America
- 13:04Speaker 1: and it's a very challenging time. It's highly competitive times
- 13:09Speaker 1: in the field of artificial intelligence and supply chain. You know,
- 13:14Speaker 1: new materials technologies and quantum computing, vision vision technologies and
- 13:19Speaker 1: the way forward. You know that that that the fear
- 13:24Speaker 1: of dinitization, you know, and there's a fracture and the
- 13:32Speaker 1: realignment of the world of geopolitics and world economics and
- 13:36Speaker 1: the global and the world order. And the Supreme Court
- 13:41Speaker 1: must be mindful. If the President of a stretch his powers,
- 13:47Speaker 1: then the Supreme Court can can redirect the powers back
- 13:51Speaker 1: to the Congress going forward. You know, the the laws
- 13:59Speaker 1: the world about your double your body, and and and
- 14:02Speaker 1: and and the retroactive nature of the law. It's in
- 14:09Speaker 1: itself and constitutional. And for the American people, we know
- 14:21Speaker 1: it's been painful. And we must assume that the president
- 14:26Speaker 1: is doing it for for America based on the American
- 14:31Speaker 1: First agenda. And we assume that the presidents of the
- 14:35Speaker 1: American people can alice sympathize with the policy and and
- 14:45Speaker 1: accept the pain for why mm hm. But all this
- 14:50Speaker 1: can happen if there is a clear plan and objective.
- 14:59Speaker 1: But since the prescident is unpredictable as a strategy, when
- 15:06Speaker 1: it comes to economic matters and when people need to
- 15:10Speaker 1: struggle for survivor and to put for on the table,
- 15:13Speaker 1: your predictability, it's very important. We can be unpredictable with
- 15:20Speaker 1: your political issues. When it come to economic issues, they
- 15:23Speaker 1: have fixed every American. And when people start to feel
- 15:29Speaker 1: law on their finances and supposed to struggle to pay
- 15:32Speaker 1: rents or put for on the table and take their
- 15:35Speaker 1: friends out of a partner, a couple out for dinner,
- 15:40Speaker 1: and people are struggling making Russian and they can see
- 15:46Speaker 1: people being lay off, and you know that ambivalence in
- 15:49Speaker 1: the market. You know, the stock market can be great,
- 15:53Speaker 1: but you know the commodity market itself. People start to
- 15:58Speaker 1: the real economy once it starts to feed the button
- 16:03Speaker 1: and the fear of inflation and recession and inconsistency and
- 16:09Speaker 1: confusion in the market. That that is what is applied.
- 16:17Speaker 1: And it's not a partisan issue. But the Supreme Court
- 16:25Speaker 1: shouldn't see that way. The Supreme Court should have stopped
- 16:29Speaker 1: it long time ago. But we've been close to maybe
- 16:32Speaker 1: if not mistaken, in this tarist since the President came
- 16:36Speaker 1: to office maybe eight months of seven ten months into this.
- 16:43Speaker 1: They cannot be retroactive and so the courts must be
- 16:51Speaker 1: mindful about the consequences mm hmm, the global consequences, the
- 17:03Speaker 1: consequences to American people, the consequences to the administration, the
- 17:08Speaker 1: consequences to the Constitution, the consequences to our economy, the
- 17:14Speaker 1: consequences it has to our partners, and the consequences to
- 17:19Speaker 1: our rivors. You know, then sometimes the people find it
- 17:27Speaker 1: difficult to accept the fact that we're not in the
- 17:30Speaker 1: unipolar system minimal. We're in a multipolar war. And it's
- 17:37Speaker 1: something new that we need to we need to learn,
- 17:42Speaker 1: you know, about space craft. It's looking for somewhere to
- 17:47Speaker 1: learn and have control over things. It's a new it's
- 17:55Speaker 1: a new war order, and we need to push people
- 18:01Speaker 1: around to have space for all Americans. And he might
- 18:08Speaker 1: not like the president's policy, but the good thing that
- 18:12Speaker 1: the good thing is that he has the guts to
- 18:14Speaker 1: do it. It might not be going away was perceived,
- 18:21Speaker 1: but at least somebody's doing it, and we can only
- 18:24Speaker 1: make it better. You know, you don't, you don't just
- 18:30Speaker 1: want to pull off the clothes and you know it's
- 18:35Speaker 1: it's it's already entangled, the tariffs already it's entangled into
- 18:40Speaker 1: the system. Is interwoven into our daily lives and into
- 18:45Speaker 1: the economy, the supply chain and bringing companies back to America.
- 18:51Speaker 1: It's been used as a leverage for so many other reasons.
- 18:56Speaker 1: So when you take that leap off and what is left,
- 19:06Speaker 1: it's what the courts you've been thinking about, and the
- 19:14Speaker 1: fear of setting their own precedents. Oh, sometimes not trying
- 19:22Speaker 1: to give the president a win, because maybe the deliberates
- 19:28Speaker 1: may see differently. Put American first, you know, it's sometimes
- 19:32Speaker 1: it's a difficult decision to make. I think the ruler
- 19:37Speaker 1: against the president will be wise. M hm. Philosopher, Prince,
- 19:49Speaker 1: they are intelligence is philosopher Princess resolved from the Great
- 19:54Speaker 1: City of Las Vegas, h November ninth, twenty twenty five,
- 20:10Speaker 1: on the matters of tariff. Thank you,