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The Tax Scam You’re Paying For - Naresh Vissa #6237 · Financial Survival Network

0:00
Speaker 1: With the USAID. If you were to look into the
0:03
Speaker 1: money that USAID is spending, the taxpayer dollars, and it's
0:07
Speaker 1: not just income taxpayer dollars, it's other taxes as well,
0:10
Speaker 1: not just federal income tax that's paying towards these programs.
0:14
Speaker 1: You're average American, doesn't matter if you're a Democrat or Republican,
0:17
Speaker 1: is going to say, yes, I want this out. I
0:19
Speaker 1: want it like I had no idea that my money
0:22
Speaker 1: was going towards this. I thought it was going towards education.
0:24
Speaker 2: You are listening to Carrie Let's's Financial Survival Network, where
0:28
Speaker 2: you get valuable information you just can't find anywhere else
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0:52
Speaker 3: And welcome you are listening to and watching the Financial
0:55
Speaker 3: Survival Network.
0:56
Speaker 4: I'm your host, Carrie.
0:57
Speaker 3: Lets Usha is with us today. We're talking about DOGE.
1:03
Speaker 3: Is there any hope for cutting back the federal government
1:06
Speaker 3: and eventually controlling the deficit? Are we too far down
1:10
Speaker 3: the path of oblivion? Well, Nurashia a new administration, a
1:15
Speaker 3: new way of looking at things here, new people, new personnel,
1:20
Speaker 3: a lot of a lot of fat being cut. We
1:23
Speaker 3: saw it with us AID or USAID. Billions of dollars
1:29
Speaker 3: being wasted on ridiculous things, A lot of it counter
1:32
Speaker 3: two hundreds.
1:33
Speaker 1: Of injurims of dollars one it's a bill hundreds of building.
1:37
Speaker 3: They're budgets. I can't get a straight number on it.
1:40
Speaker 3: Forty seven to fifty two billion a year, so over
1:44
Speaker 3: time they probably wasted a trillion dollars. They've always been
1:48
Speaker 3: a cutout for the CIA. It's always been a front organization.
1:53
Speaker 3: Interestingly enough, Obama's mother worked on a project that was
1:58
Speaker 3: funded by USAID in Indonesia. A lot of the characters
2:05
Speaker 3: in the Kennedy assassination worked for USAID.
2:10
Speaker 4: And all of these ne'er duels.
2:13
Speaker 3: Interestingly enough, Liz Cheney started her career there. So should
2:18
Speaker 3: we be crying for the demise of US eight or
2:21
Speaker 3: should we be celebrating here in esh?
2:23
Speaker 1: Well, Carrie, I think one thing. First off, thanks for
2:26
Speaker 1: having me back on. It's been a couple of years,
2:28
Speaker 1: and you and I go way back, so thanks for that.
2:30
Speaker 1: Always a pleasure. One thing to remember Carrie, is why
2:35
Speaker 1: people vote in general. And I'm not talking about a
2:38
Speaker 1: small fringe minority. I'm talking about the tens of million.
2:42
Speaker 1: It's really close to two hundred million people who vote.
2:45
Speaker 1: I think it was one hundred and fifty million people
2:47
Speaker 1: who voted in the last election. So why do people vote.
2:50
Speaker 1: They vote not because of like you brought up, some
2:56
Speaker 1: project that's going on in Indonesia, or because of some
3:01
Speaker 1: project that's going on some transgender research that's happening in
3:06
Speaker 1: Pakistan or some Middle Eastern country. People vote at the
3:09
Speaker 1: end of the day because people are selfish, which is
3:13
Speaker 1: a good thing. They vote in their own self interest.
3:17
Speaker 1: They vote saved perceived self interest. We can call it
3:21
Speaker 1: their perceived self interest. And what you just brought up
3:24
Speaker 1: with the USAID, if you were to look into the
3:28
Speaker 1: money that USAID is spending, the tax payer dollars, and
3:31
Speaker 1: it's not just income tax payer dollars, it's other taxes
3:34
Speaker 1: as well, not just federal income tax that's paying towards
3:37
Speaker 1: these programs. You're average American, doesn't matter if you're a
3:40
Speaker 1: Democrat or a Republican, is going to say yes, I
3:43
Speaker 1: want this out, I want it like I had no
3:45
Speaker 1: idea that my money was going towards this. I thought
3:47
Speaker 1: it was going towards education, and it clearly hasn't because
3:51
Speaker 1: the US education system has not improved. If you just
3:54
Speaker 1: look at test scores, it has not improved in thirty
3:57
Speaker 1: plus years. The US is still somewhere in the thirties
3:59
Speaker 1: to FI when it comes through reading math. The fact
4:03
Speaker 1: that only twenty five percent of eighth graders graduate at
4:06
Speaker 1: a eighth grade level in mathematics shows that our taxpayer
4:10
Speaker 1: dollars are not going towards the issues that actually matter
4:13
Speaker 1: to Americans. The reasons why they vote, which is can
4:17
Speaker 1: I afford my mortgage or my rent? Is my job stable?
4:22
Speaker 1: Do my children get a good education in their local
4:25
Speaker 1: public school? Is am I able to afford healthcare? These
4:29
Speaker 1: are the reasons why people vote. And when you look
4:32
Speaker 1: at USA, the average American can tell you that they
4:36
Speaker 1: don't know what the organization is. They don't know what
4:38
Speaker 1: the money's going towards, and what's seeing now the transparency
4:41
Speaker 1: of DOGE. What I love about DOGE is they have
4:44
Speaker 1: an x profile, they have a website, and they have
4:47
Speaker 1: a quarterly podcast. They did their first quarterly podcast earlier
4:50
Speaker 1: this week and they're being very transparent about what they're
4:53
Speaker 1: finding and publishing it to the public. So yes, DOGE
4:58
Speaker 1: is a good THINGAI. There are some programs, like Secretary
5:03
Speaker 1: of State Marco Rubio side, he said, there's some programs
5:05
Speaker 1: that are great in USAID USAID and those are going
5:09
Speaker 1: to continue under the State Department. But there's a lot
5:12
Speaker 1: of fat. I mean, we can assume the eighty twenty
5:15
Speaker 1: rule across the board. Eighty percent of the workers can
5:19
Speaker 1: probably go find other jobs elsewhere. Twenty percent of the
5:23
Speaker 1: workers are probably very strong. Eighty percent of the money
5:26
Speaker 1: in USAID and just government agencies in general are being wasted,
5:30
Speaker 1: but twenty percent is probably going towards a good, positive cause.
5:35
Speaker 1: So it's not one hundred percent bad, it's not one
5:37
Speaker 1: hundred percent fraud. But the point thirty close, it's pretty close.
5:42
Speaker 1: Eighty percent is very close. And the point of DOGE.
5:46
Speaker 1: And this is what I love. I mean, I wrote
5:48
Speaker 1: papers like this or papers about the concept of jo
5:53
Speaker 1: DOG when I was a high school student. This idea
5:56
Speaker 1: of going in and looking at every single expense line
5:59
Speaker 1: by line. It's called zero based budgeting. How yep, it's
6:03
Speaker 1: how I have always budgeted my own personal finances and
6:08
Speaker 1: the two small businesses that I own. Whereas the government
6:11
Speaker 1: has gone off of the previous years, and many companies
6:15
Speaker 1: do this too. They go off the previous year's budgeting.
6:18
Speaker 1: They say, Okay, last year we spent let's say ten
6:20
Speaker 1: trillion dollars, so that means this year we can spend
6:23
Speaker 1: eleven trillion dollars, which I think is just really really
6:28
Speaker 1: that's not a fiscally responsible way of doing anything. And
6:31
Speaker 1: I know people who do that with their own personal finances.
6:34
Speaker 1: It's just not fiscally responsible. So yes, it's a good
6:37
Speaker 1: thing that USAID is essentially shut down. The good programs
6:41
Speaker 1: are staying, and it's a major reason why people voted
6:44
Speaker 1: for President Trump because of his partnership with the veig
6:48
Speaker 1: Ramaswami and Elon Musk. They were going to go in
6:52
Speaker 1: clean house and keep the twenty percent of the workers
6:56
Speaker 1: who are worthwhile and get rid of the other It's
6:58
Speaker 1: going to save us a lot of money, carry a
7:01
Speaker 1: lot of money that can then be handed down to
7:04
Speaker 1: the American people, either as tax cuts or better better
7:09
Speaker 1: education funding for the individual states, or just paying down
7:13
Speaker 1: the debt. I think a lot of it should just
7:16
Speaker 1: be used to pay down the debt. If this is
7:18
Speaker 1: going to drive inflation down and we won't see I
7:21
Speaker 1: think probably in well you and I are a few
7:25
Speaker 1: years apart, but in your lifetime, I don't think we're
7:27
Speaker 1: going to see massive inflation like we've seen since twenty
7:30
Speaker 1: twenty one to present day. I don't think we're going
7:33
Speaker 1: to see that again. If Doge can go in, Trump
7:36
Speaker 1: can go in, cut spending, pay down the debt will
7:40
Speaker 1: be in a very good fiscal place moving forward.
7:43
Speaker 4: Yeah, well, I agree with you there.
7:46
Speaker 3: You know one thing that has made all this possible,
7:50
Speaker 3: and it wasn't up to or recently, is AI. One
7:54
Speaker 3: of the guys that Musk has there. He worked at
7:57
Speaker 3: SpaceX before that. He actually create an AI program to
8:04
Speaker 3: actually translate all of these burn scrolls from Mount Vesuvius
8:09
Speaker 3: and to translate them.
8:11
Speaker 5: So this guy is a rocket scientist.
8:14
Speaker 4: And you know, we always.
8:16
Speaker 3: Say jokingly it ain't rocket surgery, but in this case,
8:20
Speaker 3: the US government needs rocket surgery.
8:23
Speaker 4: Here.
8:24
Speaker 5: We're just wasting so much money.
8:26
Speaker 3: And look, you and I both in online businesses, both
8:30
Speaker 3: disseminate information. Well, the US government alone has given Politico.
8:37
Speaker 4: You know, and I don't want to get into their politics.
8:39
Speaker 4: But you can figure them out.
8:40
Speaker 3: But they gave them thirty two million bucks to spew
8:43
Speaker 3: their garbage, and in the meantime, they were funding a
8:47
Speaker 3: lot of other organizations to stop otherwise independent news sources,
8:55
Speaker 3: news sites from getting their information out and getting them
9:00
Speaker 3: I'm demonetized by places like Google, and you know, this
9:05
Speaker 3: whole conspiracy, it's just been totally export but true conspiracy anymore.
9:12
Speaker 3: But a lot of the spending which is not going
9:15
Speaker 3: to be able to get rid of. All right, Yeah,
9:17
Speaker 3: maybe there's a lot of fraud with Medicare, but there's
9:21
Speaker 3: a lot of people that count on that program. I
9:24
Speaker 3: don't know how much fraud there really is with Social Security.
9:27
Speaker 4: We're going to find that out.
9:28
Speaker 3: But social Security is pretty much untouchable. I can only
9:32
Speaker 3: imagine how much fraud there is in the Pentagon though, right.
9:36
Speaker 1: There's Look, it's government. Any government you go to, from
9:40
Speaker 1: somewhere in South America to Africa to the United States,
9:42
Speaker 1: you're going to find fraud. You're going to find corruption.
9:46
Speaker 1: And Elon Musk put out an x yesterday saying that
9:49
Speaker 1: they just now started looking into Medicare and Medicaid and
9:53
Speaker 1: what they're finding is going to blow people's minds. So
9:55
Speaker 1: it's not surprised. None of this is none of this
9:58
Speaker 1: is surprising at all. It shouldn't you. It certainly does
10:01
Speaker 1: not surprise me, and I'm glad. This was the number
10:04
Speaker 1: one reason why I was excited about the administration, because
10:08
Speaker 1: we would actually see change. It was hard for Trump
10:10
Speaker 1: to do this during his first term because the fact
10:13
Speaker 1: of the matter is he was new. He didn't really
10:15
Speaker 1: understand how they.
10:15
Speaker 5: Don't work personnel is policy.
10:19
Speaker 1: He didn't know who to trust, who not to trust.
10:22
Speaker 1: He was a newbie, and it worked out that he
10:25
Speaker 1: took four years off, was able to assemble a good team,
10:28
Speaker 1: really get his policy in order, and he's hit the
10:31
Speaker 1: ground running. Or it's only been two and a half
10:33
Speaker 1: weeks and he's really hit the ground running. Now, going
10:37
Speaker 1: back to what you said about Medicare Medicaid, these blanket
10:40
Speaker 1: statements that I hear people on the far left say,
10:43
Speaker 1: for example, they say, oh, you can't touch Medicare, or
10:45
Speaker 1: our Medicare payments are going to be gone, or our
10:48
Speaker 1: Social Security payments are going to be gone, or Medicare
10:50
Speaker 1: is going to be gone. That's not what's happening here.
10:53
Speaker 1: People who currently get Social Security won't even know that
10:56
Speaker 1: this investigation is happening in the background. The idea is
11:00
Speaker 1: to go in and again go through line by line,
11:04
Speaker 1: employee by employee, and see, Okay, what exactly is it
11:07
Speaker 1: that you're doing as an employee and is this something
11:11
Speaker 1: that AI or technology which is the main reason why
11:15
Speaker 1: Elon Musk is in this role. It's to basically replace
11:18
Speaker 1: people and systems and processes with technology to save the
11:22
Speaker 1: government hundreds of billions of dollars. So they're starting with
11:26
Speaker 1: the workers and then they're going in line by line
11:28
Speaker 1: to see the actual expense that they're auditing. That's what
11:31
Speaker 1: they're doing. I'd love for them to audit the irs
11:33
Speaker 1: as well. They're going in, they're auditing, and they're not
11:36
Speaker 1: going to be auditing or they're not going to be
11:38
Speaker 1: cutting back on Social Security payments, and they're just looking
11:42
Speaker 1: to see to make sure that everything adds up and
11:44
Speaker 1: that every expense, whether it's ten dollars or it's ten
11:48
Speaker 1: million dollars, is something that is worthwhile and actually helps
11:54
Speaker 1: the American people. And I think most again doesn't matter
11:57
Speaker 1: whether they are a Republican or Democrat. The fraud that
12:00
Speaker 1: that they're finding most rational saying people would say, hey,
12:04
Speaker 1: I actually agree we should cut this. And you're seeing
12:06
Speaker 1: Democrat politicians from congress people in California and Silicon Valley
12:11
Speaker 1: all the way to Senator Fetterman in Pennsylvania saying, yeah,
12:15
Speaker 1: we should get rid of we should trim this fat,
12:17
Speaker 1: and that should be money that is used to pay
12:20
Speaker 1: down the debt. We can at least agree on that
12:22
Speaker 1: we need to reduce the debt, which in turn or
12:25
Speaker 1: pay down the debt, which in turn will help reduce
12:27
Speaker 1: the deficit.
12:28
Speaker 3: Right now, I could not agree with you more nourish.
12:32
Speaker 3: It's ridiculous the amount of money that literally just gets
12:36
Speaker 3: pissed away here for.
12:38
Speaker 5: No tangible benefit.
12:41
Speaker 1: Right we're talking they're talking curtains in the government buildings,
12:45
Speaker 1: curtains on windows that cost fifty thousand dollars plus. We're
12:49
Speaker 1: talking rolls of toilet paper where the government is paying
12:54
Speaker 1: something like five dollars per role per role, not like
12:58
Speaker 1: the big forty eight roles that you get per role.
13:01
Speaker 3: For one of these noursh on a certain airplanes, they're
13:06
Speaker 3: paying one thousand dollars for them, and they keep breaking
13:09
Speaker 3: and they're spending hundreds of thousands of.
13:11
Speaker 5: Dollars on these cups. You know, it is exactly utter madness.
13:17
Speaker 1: And this is going on.
13:19
Speaker 5: This is what I mean.
13:20
Speaker 1: This is a type of stuff that that is going
13:22
Speaker 1: on in these agencies from USA to most likely Social
13:26
Speaker 1: Security Administration, Medicaid, Medicare. So this is where the left
13:32
Speaker 1: wing media will lie. Basically, they'll say, oh, they're cutting Medicare,
13:38
Speaker 1: They're they're cutting Medicaid, They're cutting No, no, we're cutting
13:41
Speaker 1: the toilet paper in the Medicare offices. We're cutting meaning
13:46
Speaker 1: we're going to negotiate a better deal on the toilet
13:48
Speaker 1: paper rolls.
13:50
Speaker 3: Think about it, if they if the algorithm is off
13:54
Speaker 3: on the computer that calculates how much they pay Social
13:58
Speaker 3: Security benefits, and everybody is getting five dollars a month
14:03
Speaker 3: more than they should. That's sixty bucks times tens of
14:08
Speaker 3: millions of people, hundreds of millions.
14:11
Speaker 4: And do you know that they pay out the correct
14:14
Speaker 4: amount every month. I don't.
14:16
Speaker 3: And you know they were talking about that the government
14:20
Speaker 3: paid out two hundred and thirty something billion dollars in
14:24
Speaker 3: unauthorized payments programs that weren't reauthorized. They just kept paying,
14:29
Speaker 3: and the people in the Treasury in ursh Are were
14:32
Speaker 3: instructed never reject a payment.
14:35
Speaker 1: Never reject payment.
14:36
Speaker 3: Yeah, and then when the when the accountability people go
14:40
Speaker 3: in there and they try to bar them from going
14:44
Speaker 3: like at the aid AID and the only thing about
14:47
Speaker 3: AID in US AID is the acronym, but there's no
14:51
Speaker 3: aid going on there. It's all about the soft influence
14:55
Speaker 3: and coups, and you know, it's a cutout for the
14:59
Speaker 3: for this. But the fact is they tried to stop
15:02
Speaker 3: these guys from going in there, you know, and it
15:06
Speaker 3: didn't work out too good for them.
15:07
Speaker 4: Did it.
15:08
Speaker 1: Well, Look what I like about Elon Musk. This is
15:11
Speaker 1: supposed to be the Manhattan Project of our time. That's
15:14
Speaker 1: what Trump called it, Manhattan Project of this generation. And
15:19
Speaker 1: I love that Elon Musk is going in and immediately
15:24
Speaker 1: giving people buy out packages. Their deadline is tomorrow, I
15:27
Speaker 1: think tonight, yeah, day or tomorrow, it's probably tomorrow. Tomorrow's Friday. Anyway,
15:32
Speaker 1: their deadline's coming up, and the people who don't accept
15:35
Speaker 1: the package, then the mass layoffs are coming. And there
15:40
Speaker 1: was a lot of questioning from both sides about what
15:44
Speaker 1: can this DOGE do. They're not even a real government
15:47
Speaker 1: agency like Congress is supposed to be authorizing paper.
15:53
Speaker 3: And you know, they don't have everyone saying, well they
15:57
Speaker 3: got our data. They don't have right capability. They can
16:00
Speaker 3: only read data, which means they can export it to
16:04
Speaker 3: a spreadsheet whatever. But these billions of records, they don't
16:07
Speaker 3: care that X is getting two thousand dollars a month
16:10
Speaker 3: from Social Security.
16:12
Speaker 5: That is completely irrelevant.
16:14
Speaker 1: Rightly, it's absolutely irrelevant. And in the case of of Doge,
16:22
Speaker 1: they're going in. This had been tried with Democrat administration's
16:26
Speaker 1: Republican indmustrations where they say we're going to cut the fat,
16:29
Speaker 1: We're going to do all this stuff, and they have
16:31
Speaker 1: this as pounter force reads nothing happens. But enough, we're
16:34
Speaker 1: actually seeing it in front of our eyes because you
16:36
Speaker 1: see the riots, not even protel you see the riots
16:39
Speaker 1: on the streets. You see people losing their minds on
16:42
Speaker 1: the radical left on social media.
16:44
Speaker 3: They've already lost their they already lost let's face it, nourished.
16:47
Speaker 3: I mean, yeah, yeah, they lost two or they never
16:49
Speaker 3: had any minds to lose, okay in the first place, right, true, right, right, Well,
16:54
Speaker 3: whatever was left of that mind, it's it's it's lost.
16:58
Speaker 1: And again they don't even know what's being lost, what
17:01
Speaker 1: money is being lost. And I bring this up because
17:04
Speaker 1: Elon Musk is this is supposed to be the Manhattan
17:07
Speaker 1: Project of our time. It's supposed to be an eighteen
17:10
Speaker 1: month project. And he's come in and he's made so
17:13
Speaker 1: much change, and you can see the impacts immediately, and
17:17
Speaker 1: I think we're gonna see those inflation numbers like almost.
17:21
Speaker 1: When I say almost immediately, we're already four years in
17:24
Speaker 1: or yeat, three years into the three and a half
17:26
Speaker 1: years into this inflation crisis. No, we are four years
17:28
Speaker 1: into this inflation crisis. I think he can get it
17:32
Speaker 1: down to two percent inflation by the end of four months.
17:38
Speaker 1: Remember we continue. He said when he went in, he
17:41
Speaker 1: was looking to save a billion dollars a day.
17:44
Speaker 3: Now Musk is saying they could say four billion dollars
17:47
Speaker 3: a day, which is close to a trillion and a
17:50
Speaker 3: half dollars a year, and that's without even breaking a sweat.
17:54
Speaker 3: Once they really get into it, probably two trillion is
17:58
Speaker 3: doable and have a better national defense, right we will.
18:04
Speaker 3: You know, it's you're not even going to notice, Just
18:08
Speaker 3: like with when he took over Twitter and he got
18:10
Speaker 3: rid of eighty percent of the people working there and
18:14
Speaker 3: it worked better then.
18:15
Speaker 1: We noticed for like two days during the weekend. I
18:19
Speaker 1: think X was very glitchy for two days on a weekend,
18:22
Speaker 1: and then people again the left was like, you see
18:26
Speaker 1: what happens when you fired eighty percent of your workforce
18:29
Speaker 1: and Twitter's down, and then on Monday everything's back. And
18:33
Speaker 1: we're now one and a half years in where it's
18:36
Speaker 1: going great and there have been no glitches and it
18:38
Speaker 1: only improved and their net profit is increasing. And so
18:42
Speaker 1: I think the same thing is going to happen with
18:44
Speaker 1: the government with any business.
18:45
Speaker 4: You know.
18:46
Speaker 1: I'm a consultant and I've gone into several clients businesses
18:50
Speaker 1: and laid off people. And I didn't lay off people
18:53
Speaker 1: because I didn't like them. I laid them off because
18:57
Speaker 1: they weren't performing. And the bit if they weren't performing
19:00
Speaker 1: and the business was not performing, their.
19:01
Speaker 5: Jobs were useless, right, I mean.
19:04
Speaker 1: They were replaced by people in house. So we increased
19:07
Speaker 1: the roles and our responsibilities and the people in house
19:10
Speaker 1: and what we want. Almost every layoff that I've done,
19:13
Speaker 1: having less people actually equated to more revenue of course,
19:19
Speaker 1: more net profit. So it's weird how that works, because
19:23
Speaker 1: you would think that let's just hire everybody and things
19:26
Speaker 1: should just grow and companies should just grow. But no,
19:29
Speaker 1: that's that's a deep Every organization has its own, let's
19:33
Speaker 1: call it deep state, has its own managerial class that
19:36
Speaker 1: it administrators to. And if you trim the managerial class,
19:41
Speaker 1: that administrative state the people who are collecting salaries and
19:45
Speaker 1: just cause them problems, not actually creating change like what
19:48
Speaker 1: we're seeing right now. And I get that forty percent
19:51
Speaker 1: of this country doesn't like the change, but sorry, this
19:53
Speaker 1: is what we voted for and we wanted to change.
19:56
Speaker 1: We didn't want the same stuff over the last really
20:00
Speaker 1: since Ronald Reagan, because Ronald Reagan tried what's it schedule off?
20:04
Speaker 3: Yeah, he was the last guy who really made a
20:06
Speaker 3: serious effort at doing anything. Bush said he was going to.
20:11
Speaker 3: I mean, you really can't ever count on a and
20:14
Speaker 3: this isn't a partisan thing, it's just it's not in
20:17
Speaker 3: the Democrats DNA.
20:20
Speaker 1: Well look, Trump said you were going to do us
20:22
Speaker 1: too in twenty sixteen and that was my biggest.
20:26
Speaker 3: Everything, all the spending that the Congress. You can never
20:31
Speaker 3: count on Congress to do this stuff. You know, one
20:33
Speaker 3: thing is Congress says like actually allocated a lot of
20:38
Speaker 3: this money, and you know they've apportioned it in the budget,
20:44
Speaker 3: so there's a legal issue whether Trump has the power
20:47
Speaker 3: to cut this spending off.
20:50
Speaker 1: There was a call, well you're doing it. They're doing it.
20:53
Speaker 1: It's happening, and it's going to go to the Supreme Court.
20:55
Speaker 1: Most likely he's going to have Congress behind. What I
20:58
Speaker 1: like is the entire the entire party has rallied around
21:03
Speaker 1: Trump in we have no choice. They have no choice.
21:06
Speaker 1: They may not like it, but they haven't and they've
21:08
Speaker 1: rallied behind it. And now all of his appointments, all
21:10
Speaker 1: of his cabinet appointees are going to be approved, even
21:15
Speaker 1: the ones who people were iffy about, like cash Bitel
21:19
Speaker 1: and Dulcie, Gabbard and Rfk, they now have enough votes
21:23
Speaker 1: to So the fact that people have rallied around Trump
21:26
Speaker 1: and his ideas, I think this is great. And Elon Musk,
21:30
Speaker 1: I think it's great that he has a huge role
21:32
Speaker 1: in this administration. For eighteen months he's been a clean house.
21:35
Speaker 1: And we're going to look back on this three four
21:39
Speaker 1: years down the road when it's time for the next
21:41
Speaker 1: election and say, hey, we needed it. It was painful.
21:45
Speaker 1: We understand it was painful, but the country is better
21:49
Speaker 1: off because of these county, because of paying down the
21:53
Speaker 1: debt and reducing our deficit. So I think this is great.
21:57
Speaker 1: I've been waiting for this forever. I didn't think it
21:59
Speaker 1: was going to happen in my lifetime because of the bureaucracy,
22:02
Speaker 1: because of the red tape, because of because of the swamp,
22:08
Speaker 1: the deep state. It's a huge swamp. And they're cleaning
22:12
Speaker 1: shop and I love it. They're cleaning house and I
22:14
Speaker 1: love it.
22:15
Speaker 3: Yeah, it's about It's about time, right, It's absolutely out.
22:22
Speaker 1: It's about freaking time. And what this is going to
22:25
Speaker 1: lead to is the biggest tax cut that this country
22:29
Speaker 1: that has ever seen. And I think what people need
22:33
Speaker 1: to understand again, when you talk to leftists, they hate
22:37
Speaker 1: tax cuts. Why do they hate tax cuts Because they
22:40
Speaker 1: don't really work. And if you don't work and make money,
22:43
Speaker 1: then you don't participate in the tax cuts. So the
22:46
Speaker 1: whole point of tax cuts, it's to incentivize people to
22:49
Speaker 1: work and make money so that you keep more of
22:52
Speaker 1: what you make. And that's what half this country doesn't
22:56
Speaker 1: understand that tax cuts are a good thing. We want
22:58
Speaker 1: to encourage our chill will work. We don't want them
23:02
Speaker 1: to encourage them to be lazy and to get free
23:05
Speaker 1: money from the government. We want to encourage them to
23:07
Speaker 1: go out and work to make money. So when people say, oh,
23:11
Speaker 1: why do wealthy people get tax cuts, they should be
23:14
Speaker 1: giving back more. That's one of the biggest misnomers in
23:18
Speaker 1: economics or in just politics that taxing the rich is
23:24
Speaker 1: going to help a country. In fact, treating the rich
23:27
Speaker 1: properly is what stimulates. If you read out the shrugged
23:31
Speaker 1: for example, sure what happens when you when you treat
23:35
Speaker 1: the rich like.
23:38
Speaker 4: Do doo?
23:38
Speaker 5: Well, they leave, they get the hell out, they.
23:42
Speaker 1: Get up and they leave. And who are the people
23:45
Speaker 1: paying the largest stock Who are the people buying the
23:49
Speaker 1: first class airfare, buying the nice cars, eating at the
23:53
Speaker 1: nice restaurants. All of those businesses are dependent on rich people,
23:58
Speaker 1: on wealthy people. If you're going to treat the wealthy
24:02
Speaker 1: like doo doo, and I say this, I'm Indian. In
24:04
Speaker 1: a big part of our culture. You attend to my wedding.
24:06
Speaker 1: A big part of our culture is like big multi
24:10
Speaker 1: day weddings, right, And to have a big multi day wedding,
24:13
Speaker 1: you need to have a good amount of money. You
24:16
Speaker 1: need to have a high net worth to throw these
24:18
Speaker 1: big parties. And just imagine the entire I have friends
24:22
Speaker 1: who work in the literally the Indian wedding industry, from
24:26
Speaker 1: hair and makeup people, to caterers to decorators, to DJs
24:32
Speaker 1: and musicians and entertainers, you name it. Imagine how much
24:37
Speaker 1: that industry would take a hit if all of a
24:38
Speaker 1: sudden you say, hey, you rich people, you need to
24:42
Speaker 1: pay more money. You shouldn't have all this money left over. Well,
24:46
Speaker 1: that's how a business, that's how an industry takes a hit.
24:48
Speaker 1: And now apply that same concept, copy and paste it
24:51
Speaker 1: across the auto industry and the restaurant industry and every
24:55
Speaker 1: other industry is going to get hurt. That's why tax
24:58
Speaker 1: cuts stimulate. It's called supply side economics. It has just
25:03
Speaker 1: you don't even need you don't even need to think
25:07
Speaker 1: about the history of it. Just think about the example
25:09
Speaker 1: that I just gave about, like a wedding, right, and
25:12
Speaker 1: all the money that's spent on a wedding or an
25:15
Speaker 1: event or a birthday party. So you want the people
25:19
Speaker 1: even if it's money. Somebody told me, a leftist told me, oh, well,
25:23
Speaker 1: rich people are cheap and they don't spend They just
25:25
Speaker 1: keep the money in a bank account, which is not true.
25:28
Speaker 1: But even if it is true.
25:30
Speaker 5: How some of them are like anybody else.
25:32
Speaker 1: But even if it's sitting in a cd even if
25:36
Speaker 1: it's sitting in a CD on at a Synchrony bank,
25:40
Speaker 1: or it's sitting in a mutual fund on robin Hood
25:44
Speaker 1: or Schwap, you're helping those and that's what you have
25:47
Speaker 1: to start. You're stimulating those businesses, those banks, those brokerages,
25:53
Speaker 1: or those hedge funds, those financial you're stimulating them because
25:57
Speaker 1: they're charging a fee and they're using your deposits here
26:01
Speaker 1: to you know, borrow the money out. So even if
26:05
Speaker 1: you're a rich person who's cheap, you're still assuming you
26:07
Speaker 1: don't have all your cash under a mattress, which nobody's
26:11
Speaker 1: gonna have.
26:11
Speaker 5: Nobody does that'll work, Yeah, addage mattress nowadays.
26:16
Speaker 1: So you're actually helping the economy. You're helping businesses. And
26:20
Speaker 1: if we go back to AOC, she's very far left
26:23
Speaker 1: New York congresswoman, not very amazon, not very bright, who
26:28
Speaker 1: believes that the rich should have a ninety percent income
26:31
Speaker 1: tax rate. She she she ruined. It wasn't even her district,
26:34
Speaker 1: it was a different district in New York when Amazon
26:37
Speaker 1: was looking to open number in majors and jobs, there
26:42
Speaker 1: were one hundred thousand, at least one hundred thousand jobs
26:46
Speaker 1: that were that were going to be offered to people
26:48
Speaker 1: in that area. And she said, no, Amazon, you can't
26:52
Speaker 1: come here because you didn't pay you didn't pay enough
26:54
Speaker 1: income tax and you are the enemy, so you're you're
26:58
Speaker 1: a bad company. You're not welcome here. So Amazon said, okay, fine,
27:01
Speaker 1: we'll just go take it somewhere else.
27:03
Speaker 4: But they re elected her.
27:06
Speaker 1: They well, it wasn't her district, it was somebody else's district.
27:09
Speaker 1: That Amazon was not going to be in her district.
27:11
Speaker 1: So she screwed over another district by not stimulating more
27:17
Speaker 1: jobs there. And that's how you screw people over. That's
27:20
Speaker 1: how you screw your own people over, by saying this
27:24
Speaker 1: is bad for you, this is bad for America, and
27:26
Speaker 1: then boom, we have no jobs. Like why do we
27:29
Speaker 1: have no jobs?
27:30
Speaker 5: Oh?
27:30
Speaker 1: Because our dummy politicians scared away all the jobs and
27:33
Speaker 1: the businesses.
27:34
Speaker 5: This is not the brightest bulb on the tree. That's
27:37
Speaker 5: this is what I mean.
27:37
Speaker 1: But you'll be surprised, Carrie. Half the country thinks this way.
27:41
Speaker 1: They legitimately think this way.
27:43
Speaker 3: Well, and that's education that's lacking for sure. So what
27:48
Speaker 3: man sense, We're going to get more tax your tax breaks,
27:53
Speaker 3: they're going to be extended. I expect we'll see the
27:56
Speaker 3: corporate rate cut to fifteen percent, and.
27:59
Speaker 4: We will see the.
28:03
Speaker 3: Personal rates and the bonus depreciation extended forever. What's that
28:10
Speaker 3: going to do for real estate, for the economy, what's
28:12
Speaker 3: your take on it.
28:14
Speaker 1: Well, it's going to stimulate the economy obviously, So what
28:17
Speaker 1: the US government, It appears a strategy is to cut
28:20
Speaker 1: down inflation through the government cuts, so to save the
28:24
Speaker 1: government trillions of dollars, which is going to I guess
28:27
Speaker 1: part of it is you have government workers who are
28:30
Speaker 1: going to be laid off. Now they have eight months
28:32
Speaker 1: severance packages. No company is get unless you're a very
28:36
Speaker 1: senior president of a major corporation. No company out there
28:41
Speaker 1: is given eight months severance packages. So, yes, it is
28:44
Speaker 1: sad that these people are losing their jobs and they
28:46
Speaker 1: have families and they have retirements. But at the same time,
28:50
Speaker 1: if they truly had valuable skills that are of benefit,
28:56
Speaker 1: then those skills will be transferable to the private sector
29:00
Speaker 1: where they could legitimately make the double.
29:02
Speaker 3: They can look legitimately, definitely. I think they're doomed myself.
29:08
Speaker 3: Now whether they should be doomed or not is another story.
29:12
Speaker 3: But these people are useless. They couldn't make it in
29:14
Speaker 3: the private sector. That's where they many of them out
29:18
Speaker 3: there went to the public sector and they're doomed. And uh,
29:25
Speaker 3: I don't know that there's anything that could be done
29:28
Speaker 3: to save them.
29:29
Speaker 1: Honestly, you could be right, but I'm just I'm taking
29:32
Speaker 1: the optimistic side of Hey, if you are a good
29:34
Speaker 1: worker and you do have those skills and you were cut,
29:37
Speaker 1: you could go in like this is this is actually
29:39
Speaker 1: a good thing, Like you could go into the private
29:41
Speaker 1: and we actually know of I know of doctor. I'm
29:44
Speaker 1: part of these My wife's a doctor, some part of
29:46
Speaker 1: these different doctor groups of men who are married to doctors.
29:50
Speaker 1: And I know of people who, for example, doctors they
29:53
Speaker 1: were cut from the VA because the VA cut. They
29:57
Speaker 1: basically said you have to come back into the office.
30:00
Speaker 1: Because a lot of these doctors were remote, so they
30:02
Speaker 1: said you have to come back into the office. And
30:04
Speaker 1: many of these doctors moved like far away from where
30:07
Speaker 1: their hospital is and they said, you have to come
30:11
Speaker 1: back into the hospital. If you can't come back, then
30:14
Speaker 1: you have to take this severance package. You know, it
30:16
Speaker 1: was eight months of pay. Well, initially there was a
30:20
Speaker 1: lot of anger from the spouses, like I hate this
30:24
Speaker 1: government and what are they doing. Then they started exploring.
30:27
Speaker 1: The wife started exploring these jobs in the private sector
30:31
Speaker 1: where they were legitimately mating after bonuses more than double
30:36
Speaker 1: than what they were being paid.
30:37
Speaker 4: By the VA.
30:38
Speaker 1: So they're like, oh, actually, you know, yeah, the VA
30:40
Speaker 1: was a nice cush job, but the private sector, we
30:42
Speaker 1: could make double the amount we're making the force. So
30:44
Speaker 1: it actually works out and there's still a major shortage.
30:47
Speaker 1: I'm giving this example because this is an example that
30:50
Speaker 1: people can take the heart and.
30:54
Speaker 3: I think that's the exception, not the rule. But we'll
30:57
Speaker 3: find out soon enough. So, but the assuming the tax
31:03
Speaker 3: cuts go through bonus deppreciation, then it's going to be.
31:07
Speaker 1: No taxes on tips. Also that that's.
31:09
Speaker 3: Taxes on tips, no taxes on social security. If we
31:13
Speaker 3: could get rid of the income tax, can you imagine
31:17
Speaker 3: the boom in this country. I don't think that he
31:20
Speaker 3: can do it for real. Simple reason reason in the
31:23
Speaker 3: rash is that currently the average tariff is two percent
31:29
Speaker 3: and it brings in eighty billion now they're probably fudging
31:35
Speaker 3: another five hundred billion worth of imports that come in
31:41
Speaker 3: under the dominimous rule, which has been abused. So at
31:47
Speaker 3: best we're going to get five hundred If it was
31:50
Speaker 3: twenty percent tariff.
31:52
Speaker 5: We would get probably well close to a trillion.
31:57
Speaker 4: Not enough.
31:58
Speaker 1: Let's you bring up tariffs, which I think is important
32:02
Speaker 1: because this is a part of the This ties into
32:04
Speaker 1: DOGE and the income or the tax cuts. So so
32:09
Speaker 1: first off, the tariffs that the big tariffs Trump was
32:12
Speaker 1: talking about were against Canada, Mexico, and China, and Canada
32:17
Speaker 1: and Mexico. The terriffs are it's just going to be
32:20
Speaker 1: a continuation of the people forget that Biden tariff countries also,
32:26
Speaker 1: and Trump is going to keep those Biden tariffs. So
32:30
Speaker 1: that's number one. But they're not very much.
32:32
Speaker 3: There's no substitute for what we're doing now, you know,
32:36
Speaker 3: they're just not but the difference.
32:39
Speaker 1: And I want to talk about China because I actually
32:42
Speaker 1: think we should tear iff China one hundred percent.
32:45
Speaker 4: Uh.
32:46
Speaker 1: The Chinese Communist Party is the biggest threat in enemy
32:50
Speaker 1: to the United States. It is a bigger threat than Russia,
32:53
Speaker 1: a bigger threat than radical Islam. The Chinese Communist Party
32:57
Speaker 1: has done a really good job of infiltrating not just
33:00
Speaker 1: the US but the global landscape, and the Chinese Communist
33:05
Speaker 1: Party can be replaced. And this is one thing I
33:07
Speaker 1: liked about Obama. He had this TPP, which was a
33:10
Speaker 1: trans Pacific Partnership where you could essentially replace China with
33:16
Speaker 1: India and Indonesia and Malaysia and Taiwan and South Korea, Australia, Malaysia,
33:23
Speaker 1: the list goes on and on and on. So I
33:26
Speaker 1: think a tariff against China is or increasing tariffs against
33:32
Speaker 1: China is a really really good thing. And you continue
33:37
Speaker 1: to raise funds through that, you do the TPP. Eventually
33:43
Speaker 1: we want to become independent from China. So then how
33:48
Speaker 1: does the federal government. Yeah, you can't go one hundred
33:51
Speaker 1: percent get rid of the entire federal income tax. But
33:53
Speaker 1: this is the whole point of a TIV, right, like
33:55
Speaker 1: the whole point of a flat tax. So and that's
33:58
Speaker 1: something that everybody has all that, at least the right
34:01
Speaker 1: conservatives have agreed on, Like, you know, we should pay
34:03
Speaker 1: some tax, a ten percent flat tax.
34:06
Speaker 5: Well, no, I don't know what was national sales tax?
34:10
Speaker 1: We could do that too, it's better than the current system.
34:14
Speaker 1: It Just ask anybody who files their taxes and they're
34:16
Speaker 1: just lost. They're like, I don't even know where to begin,
34:19
Speaker 1: what can be done. It's confusing to even accountants in CPAs.
34:23
Speaker 1: So make it simple, make it easy. The fact that
34:26
Speaker 1: people who get the best CPAs to get the best
34:29
Speaker 1: deductions and the best tax cuts shows how unfair the
34:32
Speaker 1: system is for the lower class, for the people who
34:37
Speaker 1: deserve those tax cuts even more than the wealthy. So
34:41
Speaker 1: we need to make it a very simple tax code.
34:44
Speaker 1: Make it simple, make it easy to where a person
34:47
Speaker 1: can just go on their phone and see, okay, these
34:51
Speaker 1: are the ten to fifteen rules and easy, you know,
34:55
Speaker 1: at least for personal income tax. Business tax would be
34:57
Speaker 1: something different.
34:58
Speaker 5: All right, all right, if we want to find you,
35:01
Speaker 5: how do we find you?
35:02
Speaker 4: On the web?
35:02
Speaker 1: Na Visa dot com, n A R E, S H
35:05
Speaker 1: V S Savisa dot com. You can see my latest
35:10
Speaker 1: work over there and subscribe to my mailing lists and
35:12
Speaker 1: contact me through there as well.
35:14
Speaker 3: All right, excellent, And the link is in the show
35:16
Speaker 3: notes to this interview on Financial Survival Network dot com.
35:20
Speaker 3: Questions comments for Naresh myself shoot me an email kl
35:24
Speaker 3: at Carrie LUTs dot com. And while you're at the site,
35:28
Speaker 3: please sign up free free complimentary newsletter, like over seventy
35:32
Speaker 3: thousand other FSN members haveesh We'll talk to you again soon.
35:36
Speaker 4: Thanks for coming on.
35:37
Speaker 2: Thank you all the bests, Thanks for listening to Carrie
35:39
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35:45
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35:49
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