Latest / The Bill Handel Show / ‘Tech Tuesday’ with Rich DeMuro | Garbage Trucks are Spying on You

Transcript

‘Tech Tuesday’ with Rich DeMuro | Garbage Trucks are Spying on You · The Bill Handel Show

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  Speaker 1: You're listening to k I AM sixty the bill Handle
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  Speaker 1: show on demand on the iheartradiop KFI AM.
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  Speaker 2: Six forty bill handle. Here on a Tuesday, July twenty one.
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  Speaker 2: Some of the big stories we are looking at. The
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  Speaker 2: war in Iran is escalating and that is not good news.
• 0:19
  Speaker 2: Price of oil, price of gas going up fairly dramatically. Also,
• 0:23
  Speaker 2: there is a story about a Santa Clarita girl, age three,
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  Speaker 2: that was bitten by a rattlesnake. I guess her parents
• 0:32
  Speaker 2: were religious folks, know that those people that talked to
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  Speaker 2: serpents out of the Bible. Well, she was talking to
• 0:39
  Speaker 2: a serpent and she lost the conversation. By the way,
• 0:42
  Speaker 2: That's absolutely not true, I know, absolutely at all. It
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  Speaker 2: just sounded good, didn't it. It was under an Amazon package. Yeah,
• 0:51
  Speaker 2: an Amazon package came into the yard and she ran
• 0:55
  Speaker 2: out to go get it. She thought, Yes, for hers,
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  Speaker 2: that's clever. So you know what you get for that Amazon?
• 1:01
  Speaker 2: You order Amazon? Now, you know, get bit my rattlesnake
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  Speaker 2: every time. All right, Now it's also not true. Well
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  Speaker 2: there we go. Okay, Rich to morrow, It's Rich on Tech.
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  Speaker 2: Rich has heard every Saturday eleven am to two pm
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  Speaker 2: Instagram at rich on Tech website, rich On Tech Dot TV.
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  Speaker 2: Rich you're in London right now.
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  Speaker 3: I am good afternoon to you, Bill. It's about four
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  Speaker 3: o'clock here in London. I'm taking a look at the
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  Speaker 3: Tower Bridge as we speak.
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  Speaker 2: Oh that everybody thinks is London Bridge, which is absolutely
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  Speaker 2: not true. Yeah, oh true.
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  Speaker 3: I thought the same thing when I came here the
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  Speaker 3: first time. I was taking all these pictures. Here's London Bridge,
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  Speaker 3: And sure enough, No, London Bridge is down down the
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  Speaker 3: river a little bit.
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  Speaker 2: And the original London Bridge is in Lake Havasou. That
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  Speaker 2: they did, they Lake bought London Bridge, took it apart
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  Speaker 2: and brick by Bricks the owned by Stone built it
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  Speaker 2: in or put it together at Lake Havasu, Lake Havasou.
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  Speaker 2: So this is a second tier London Bridge. In any case,
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  Speaker 2: you are there for Samsung. How the hell do you
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  Speaker 2: get to London for a Samsung announcement?
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  Speaker 3: Well, you know what they do, these announcements, and they
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  Speaker 3: for the past couple of years they've been doing there
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  Speaker 3: what they call unpacked events in different cities around the world.
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  Speaker 2: Last year, gosh, where was it? Last year?
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  Speaker 3: I got to remember San Francisco, a year before within Korea.
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  Speaker 3: I mean, they just like to pick different places because
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  Speaker 3: you know, it's kind of the heart and soul of
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  Speaker 3: these different places. It's a very global companies, so they
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  Speaker 3: want to kind of.
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  Speaker 2: Give back for these different cities.
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  Speaker 3: But yes, tomorrow is the big event where we will
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  Speaker 3: learn all about Samsung's latest foldable phones. I'm not sure
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  Speaker 3: if you've heard, but they've been making foldables now for
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  Speaker 3: seven years. Is their eighth generation, and a lot of
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  Speaker 3: people still you know, it's new to them. But I
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  Speaker 3: think this year is going to be the big year
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  Speaker 3: for these phones, not only because of Samsung, but also
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  Speaker 3: because Apple is expected to come out vuldable phone in September,
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  Speaker 3: which I think competition is good. It will list them all,
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  Speaker 3: everyone will know about them now.
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  Speaker 2: I loved my foldable phone and the original ones that
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  Speaker 2: if a mountain I was taken, there was a small
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  Speaker 2: Motorola phone that you would flip open and talk and
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  Speaker 2: just loved it and then it would fold over and
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  Speaker 2: become well half the size. Are we talking about something
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  Speaker 2: similar to that?
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  Speaker 3: Yeah, So there's actually this year, you know, they've they've
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  Speaker 3: had this what's called the Galaxy Z flip, and that's
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  Speaker 3: the one you're talking about where it opens up. They
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  Speaker 3: say clamshell style, the newer version of these, and they
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  Speaker 3: still make that, and Motorola makes one, Samsung makes one.
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  Speaker 3: They're both very popular, but the new you know, kind
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  Speaker 3: of the more popular version, I guess you could say,
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  Speaker 3: is the book style. And traditionally they've had one model.
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  Speaker 3: This year they're expected to introduce a second model. It's
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  Speaker 3: not really a secret because it's kind of been seen
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  Speaker 3: all over the internet, but it's a much more passport
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  Speaker 3: style looking device. That's what we're expecting this year. That's
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  Speaker 3: also the same form factor that Apple is expected to
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  Speaker 3: come out with, and the advantage there is that it's
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  Speaker 3: much smaller, easier to manage. The screen on the outside
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  Speaker 3: is bigger, and when you open it up you can
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  Speaker 3: watch movies on the plane. It's basically like having a
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  Speaker 3: tablet in your pocket.
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  Speaker 2: And did you see is it about the size of
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  Speaker 2: a passport? Is that what you said? This is the rumor.
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  Speaker 3: I can't you know right now. It's all speculation because
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  Speaker 3: the event is tomorrow, but that's what we're expecting to see.
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  Speaker 3: I'm looking at the artwork outside of the event right now,
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  Speaker 3: and it literally shows what is probably that form factor
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  Speaker 3: right outside the event.
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  Speaker 2: Are you doing any sight seeing in London?
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  Speaker 3: Incidentally, I've done a lot of walking, but to be honest,
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  Speaker 3: you know, you'd be surprised how much they pack us
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  Speaker 3: with all kinds of stuff. But I did have fish
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  Speaker 3: and chips last night in a bar that dates back
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  Speaker 3: to six twelve hundred's and then they rebuilt it in
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  Speaker 3: the sixteen hundreds, so that was pretty cool.
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  Speaker 2: That is you want to go if you have a chance.
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  Speaker 2: Tower of London you want to see. Also, there's a
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  Speaker 2: lot of stuff you want to see. And I'd be
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  Speaker 2: more than happy to tell you I love London, just
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  Speaker 2: walking around to a great city, and they do great
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  Speaker 2: fish and chips by the way, and it's gonna be
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  Speaker 2: very hard to find a dentist over there because they
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  Speaker 2: just don't do dentists well and their teeth fall out
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  Speaker 2: and it's you welcome to England. All right, let's take
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  Speaker 2: a bring.
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  Speaker 3: I already had my braces bell.
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  Speaker 2: Yeah, no kidding, okay, rich I have been reading and
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  Speaker 2: looking at China and how it's challenging America across the board.
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  Speaker 2: One of the things I noticed that I think eighty
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  Speaker 2: percent of the world market in ev cars are from China.
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  Speaker 2: They just do a better car, more features at less
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  Speaker 2: money by far, and they're now coming into AI dominance.
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  Speaker 2: And man, when the Chinese go for it, they go
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  Speaker 2: balls to the wall. So what's going on with that?
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  Speaker 3: I believe that's their official description of it as well. Yeah, so,
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  Speaker 3: I mean you mentioned the electric car thing. Obviously, people
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  Speaker 3: like go China go to other countries, they see these
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  Speaker 3: vyd cars that are fully loaded, you know, under twenty
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  Speaker 3: thousand dollars. They're not allowed here in the US, probably
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  Speaker 3: for good reason because if they were, it would really
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  Speaker 3: be a problem for some of the carmakers here. But
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  Speaker 3: same thing is happening with AI and this is a
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  Speaker 3: little bit tougher to stop. So China came out with
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  Speaker 3: two models this week that people are going nuts over.
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  Speaker 3: One is called Kimmi, the other is called Twen. They're
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  Speaker 3: both made by Chinese companies. One's Ali Baba, the other
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  Speaker 3: is called moonshaw Ai. And these are models that they've created,
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  Speaker 3: not using you know, you've heard about the NVIDIA and
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  Speaker 3: the shortage of RAM and all these components that open
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  Speaker 3: AI and Tropic are gobbling up. Meanwhile, China over there
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  Speaker 3: is making these models that are super powerful at a
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  Speaker 3: fraction of the price that American companies are spending. And
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  Speaker 3: not only that, but they're open sourcing them, which means
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  Speaker 3: anyone in the world can download this model integrate it
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  Speaker 3: into their app for pennies on the dollar or even free,
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  Speaker 3: which is a problem for all the American companies like
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  Speaker 3: open Ai and Anthropic and Google that charge a pretty
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  Speaker 3: penny for the similar type of technology.
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  Speaker 2: Okay, based on that, if the Chinese are able and
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  Speaker 2: they're coming up with stuff that's amazing, if they are
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  Speaker 2: able to do this and enter the American market, doesn't
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  Speaker 2: that simply wipe out the big AI players here?
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  Speaker 3: Well, I think it depends. I think if you're an
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  Speaker 3: American company and you want a product that's vetted from
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  Speaker 3: another American company, I don't think you're going to use
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  Speaker 3: some random off the shelf Chinese AI to power your app. Right,
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  Speaker 3: if you're General Motors, or if you're Forward, or if
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  Speaker 3: you're any company a magnifact that's making an app, you.
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  Speaker 2: May not do that.
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  Speaker 3: But that doesn't keep the millions of other developers around
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  Speaker 3: the world that are also making apps from doing something
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  Speaker 3: very similar and they say, hey, look, I can pay
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  Speaker 3: open Ai for all of this technology. I can just
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  Speaker 3: download this model from this Chinese company that seems to
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  Speaker 3: be pretty good, integrate into my app, and I don't
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  Speaker 3: have to pay a dime for it. So I think
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  Speaker 3: that is the problem that we can run up against
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  Speaker 3: in this economy that we've built here in America, where
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  Speaker 3: these companies have invested so much money in their infrastructure
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  Speaker 3: and their research, and now they want to see that
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  Speaker 3: return by selling that technology to other companies around the world.
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  Speaker 2: And I'm assuming that once the new AI programs are
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  Speaker 2: coming in from China become vetted and become safe and
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  Speaker 2: basically ability to be used, the major companies you're talking
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  Speaker 2: about have to switch instead of paying these astronomical sums
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  Speaker 2: that they're paying Anthropic and they're paying Google, and they're
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  Speaker 2: paying other companies. I don't know if I have that right.
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  Speaker 2: Would you comment on that?
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  Speaker 3: Yeah, I mean absolutely. I mean, look, if you take
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  Speaker 3: a look at the market as a whole, let's say
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  Speaker 3: it's one hundred percent and right now you've got Google,
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  Speaker 3: You've got you know, Anthropic, You've got open Ai, let's
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  Speaker 3: see Microsoft. You know, you've got all these companies with
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  Speaker 3: splitting up kind of what these other companies are purchasing from.
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  Speaker 3: Even if you take away let's say twenty percent forty
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  Speaker 3: percent of the market from them, that is a big
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  Speaker 3: shift and that is a problem for them because again,
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  Speaker 3: they've invested so much money in this and China over
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  Speaker 3: and over. We saw it with Deep Seek last year.
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  Speaker 3: They just continue to put out these models that are
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  Speaker 3: very good and they don't cost as much. And I
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  Speaker 3: mean it's kind of the thing we see from China
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  Speaker 3: all the time with products and everything else.
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  Speaker 2: Yeah, but it's pretty scary. The war with China is
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  Speaker 2: going to be an economic war, There's no question about it.
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  Speaker 2: And I'm guessing that China is going to win this one.
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  Speaker 2: That's at least the way it's looking now. A scam warning,
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  Speaker 2: we talk about that all the time, where the FBI
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  Speaker 2: is warning that scammers are impersonating the FBI. So what
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  Speaker 2: is happening with that?
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  Speaker 3: Yeah, you know what, And I've decided on my radio
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  Speaker 3: show that I'm really going to vamp up the coverage
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  Speaker 3: of scams because I started a book on the plane
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  Speaker 3: Dark Side of the Boom. It's called and you know,
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  Speaker 3: it goes through all these scams that people are subject
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  Speaker 3: to on a daily basis. I mean, we take for
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  Speaker 3: granted we talk about them on the radio bill and
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  Speaker 3: you know, okay, people fall form. But this is a
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  Speaker 3: serious problem. So this latest one is the FBI. You know,
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  Speaker 3: I get this thing called the Internet Crime Complaint Center, right,
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  Speaker 3: People go there to report that they've been a victim
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  Speaker 3: of a crime. And what's happening is the scam artists
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  Speaker 3: are now reaching out to people that have been scammed.
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  Speaker 3: They say, hey, have you been scammed. We can help
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  Speaker 3: you recover money. And they're recreating this website, this government website.
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  Speaker 3: It looks very realistic thanks to AI, so they can
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  Speaker 3: make it look identical, and they say, oh, give us
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  Speaker 3: your name, your phone number, your address, and we'll get
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  Speaker 3: in touch with you and we'll help you recover your funds. Well,
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  Speaker 3: the IC three does not do that. They will investigate scams,
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  Speaker 3: and you know sometimes they may send a field agent
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  Speaker 3: or someone to talk to you, but they're not sitting
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  Speaker 3: there trying to help you recover money. What happens is
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  Speaker 3: people end up getting scammed a second time because they
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  Speaker 3: respond to these outgoing messages saying, hey, we can help
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  Speaker 3: you with the scam you experienced.
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  Speaker 1: Is uh, it ever.
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  Speaker 2: Going to be Well, I know, I've just answered my
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  Speaker 2: own question. The scammers are always going to be in
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  Speaker 2: front of the authorities who chase after them, and it's
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  Speaker 2: becoming more and more sophisticated. Let me ask you know,
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  Speaker 2: I'm not a big believer. I don't jump into scams.
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  Speaker 2: I've never been scammed. How what are my chances based
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  Speaker 2: on how good AI is and I use the Internet
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  Speaker 2: to my stuff?
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  Speaker 3: Yeah, well, I don't even think that's the problem. I
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  Speaker 3: think Bill, you're a public personality. People know a lot
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  Speaker 3: about you, and these scams are increasingly getting more sophisticated
• 11:48
  Speaker 3: because of AI and because of targeting, and so they
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  Speaker 3: can say, okay, let's collect all the information we know
• 11:53
  Speaker 3: about Bill, right, even something you may mention on the
• 11:55
  Speaker 3: radio one day, and let's use that against him and
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  Speaker 3: call him and you know, a to his senses, appeal
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  Speaker 3: to his urges. You know, you know someone's in trouble,
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  Speaker 3: someone needs money. This has to be done quick. And yes,
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  Speaker 3: you're a smart person, you'll probably avoid that kind of thought.
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  Speaker 3: But everyone who gets scammed, the stories I read over
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  Speaker 3: and over, and it seems to be on a daily basis.
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  Speaker 3: These are not dumb people. They're smart people. They just
• 12:18
  Speaker 3: happen to be caught off guard and they do something
• 12:21
  Speaker 3: stupid and then they realize, oh my gosh, what did
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  Speaker 3: I just do? And you know, maybe one thousand dollars
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  Speaker 3: two thousand, five thousand, ten thousand your whole life savings.
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  Speaker 2: These things run the gamuck crazy. Oh I used AI
• 12:33
  Speaker 2: and I'm not much a user, but I did just
• 12:36
  Speaker 2: for fun a couple of nights ago. And that is
• 12:40
  Speaker 2: a hypothetical obituary. And you try that, oksh Yeah, try that,
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  Speaker 2: Rich Yeah, mine was fascinating. It started with he was
• 12:51
  Speaker 2: a dick, and then it went on and on about
• 12:55
  Speaker 2: my background, etc. Give it a try. I'd love to
• 12:58
  Speaker 2: have you comment on are your hypothetical obituary? You'll have
• 13:02
  Speaker 2: a good time with that.
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  Speaker 3: That will be humbling. I will try that.
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  Speaker 2: Okay, Yeah, you got it. We're going to come back
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  Speaker 2: next week. Rich this weekend eleven am to two pm
• 13:12
  Speaker 2: on Saturday. Rich on Tech dot tv is the website
• 13:17
  Speaker 2: at rich on Tech is Instagram. Catch you this weekend,
• 13:21
  Speaker 2: Rich Take care, Thanks Bill. Okay, the reason we are
• 13:26
  Speaker 2: we played oh garbage because garbage trucks may may soon
• 13:32
  Speaker 2: do more than simply collect collect trash, they may actually
• 13:37
  Speaker 2: identify code violations using AI cape Coral, Florida officials are
• 13:43
  Speaker 2: considering equipping equipping garbage trucks with AI powered cameras that
• 13:49
  Speaker 2: would photograph properties as the garbage truck is driving past
• 13:53
  Speaker 2: and collecting the trash, and what the system would do
• 13:57
  Speaker 2: is identify potential issues like overgrown lawn, peeling paint, illegal dumping,
• 14:02
  Speaker 2: flag violations so the city can review them and tag
• 14:06
  Speaker 2: these owners. Of course, privacy advocates have said, oh no, no, no, no,
• 14:11
  Speaker 2: we can't do that. Expanding camera networks raise all kinds
• 14:15
  Speaker 2: of new concern about how data collected is stored, how
• 14:20
  Speaker 2: it's shared, and it's repurposed. And that's legitimate. I don't
• 14:23
  Speaker 2: have a problem with that. For those people that said
• 14:26
  Speaker 2: that there should not be cameras on garbage trucks or
• 14:29
  Speaker 2: anything else, Yeah, your argument, there shouldn't be cameras on drones.
• 14:34
  Speaker 2: There shouldn't be cameras on helicopters, police helicopters flying overhead.
• 14:39
  Speaker 2: There is no privacy. Okay, Today you can't get home
• 14:42
  Speaker 2: insurance without a draw, without a drone flying over your
• 14:46
  Speaker 2: house and figuring out if does your roof need repair,
• 14:50
  Speaker 2: what your backyard looks like the problem is, and I
• 14:53
  Speaker 2: think it's a legitimate problem. What do they do with
• 14:57
  Speaker 2: that information? Is it sold, for example, to people that
• 15:04
  Speaker 2: do lawn installments or sprinkling sprinkler or landscapers. Is it
• 15:10
  Speaker 2: sold to painting companies. Is it stored and used for
• 15:15
  Speaker 2: other purposes?
• 15:16
  Speaker 4: You know what, I have another thought about this, because
• 15:20
  Speaker 4: they send people around our neighborhood to check through our
• 15:23
  Speaker 4: trash to make sure that the recycling is in the
• 15:26
  Speaker 4: recycling and.
• 15:27
  Speaker 2: All that stuff.
• 15:29
  Speaker 4: And we have a lot of homeless people, We have
• 15:33
  Speaker 4: a lot of traffic from the boulevards that they come
• 15:36
  Speaker 4: up and people throw things. Once we move it to
• 15:40
  Speaker 4: the street, how do we know what people put in
• 15:43
  Speaker 4: it or whatever?
• 15:43
  Speaker 2: And then we're liable for that. Now you're only talking
• 15:46
  Speaker 2: about well, I mean that is a violation in terms
• 15:49
  Speaker 2: of trash on the street. But this is what your
• 15:51
  Speaker 2: lawn looks like. This is what your paint looks like.
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  Speaker 4: But I'm saying, if the garbage truck has the camera
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  Speaker 4: in the AI, they all I have to bring my
• 16:01
  Speaker 4: garbage pails, my bins to the street. Once Wheel Street,
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  Speaker 4: I'm no longer monitoring them. Right, somebody puts garbage in there,
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  Speaker 4: and now it flags my garbage bin for having you know,
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  Speaker 4: electronics or whatever it is.
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  Speaker 2: I don't think so, and I'll tell you why, because well,
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  Speaker 2: it does to that extent. But if your normal garbage
• 16:21
  Speaker 2: truck goes past and every single house is photographed and
• 16:26
  Speaker 2: AI through the algorithm is able to determine are there violations?
• 16:31
  Speaker 2: Is the landscaping done per is done per city code,
• 16:37
  Speaker 2: or let's say in fire areas. And that's not how
• 16:40
  Speaker 2: I heard this story.
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  Speaker 4: My understanding is that it's on the truck and the
• 16:44
  Speaker 4: truck is going it's literally going through your trash.
• 16:48
  Speaker 2: Ah that I didn't know, Okay, I don't How does
• 16:51
  Speaker 2: the truck go through your trash? I mean, well as
• 16:53
  Speaker 2: it's going in. Yeah, yeah, I agree with you. I
• 16:56
  Speaker 2: agree with you that that might be maybe okay, I
• 16:59
  Speaker 2: think you're wrong, but that that But even if you are,
• 17:01
  Speaker 2: that's a hell of an argument. I agree. But this
• 17:04
  Speaker 2: has to do with you know, for example, let's say
• 17:06
  Speaker 2: shrubbery is too close to the house, or it's the
• 17:09
  Speaker 2: wrong kind of shrubbery, or the grass is so green
• 17:14
  Speaker 2: that the only way you can get that green is
• 17:17
  Speaker 2: over use of water. I mean, there are a million
• 17:20
  Speaker 2: different ways of doing it and the big issue is
• 17:23
  Speaker 2: what do they do with that information? And the civil libertarians,
• 17:26
  Speaker 2: who I rarely agree with on issues like this, have
• 17:30
  Speaker 2: a point. Now is it easy to fix? Yeah, you
• 17:33
  Speaker 2: simply say you can't share the information. That's it. We're
• 17:37
  Speaker 2: going to stop you from sharing the information. And if
• 17:39
  Speaker 2: you have an AI program that does, you can have
• 17:43
  Speaker 2: an AI program that says you can't and stops it.
• 17:46
  Speaker 2: But the technology is such that I mean every well,
• 17:50
  Speaker 2: look at the ring cameras that are out there. There's
• 17:53
  Speaker 2: still such thing today. If you have a ring buzzard,
• 17:57
  Speaker 2: door buzzer in front that it's not a camera, and
• 18:03
  Speaker 2: we do, I mean, I think, Neil, you do. And
• 18:06
  Speaker 2: what ends up happening is anybody that comes on the porch,
• 18:09
  Speaker 2: anybody that passes close to the house notified on the
• 18:13
  Speaker 2: app and there it is. You're seeing who it is. Now,
• 18:17
  Speaker 2: as far as the garbage truck is concerned in people
• 18:20
  Speaker 2: going through the trash, I have no problem with the
• 18:24
  Speaker 2: truck having a weapon and automatic, some kind of weapon
• 18:29
  Speaker 2: that would just spray the sidewalk and tell those folks
• 18:32
  Speaker 2: you don't want. They'll end up being garbage that are
• 18:35
  Speaker 2: put in the garbage from the time they Okay, never mind,
• 18:38
  Speaker 2: I'm going off on a tangent that I shouldn't. A
• 18:41
  Speaker 2: Dodger announcement from Neil Savedra. Indeedy do.
• 18:45
  Speaker 4: Your official home for Dodgers Baseball is AM five seventy
• 18:48
  Speaker 4: LA Sports. This afternoon, you're back to back world champion
• 18:53
  Speaker 4: Dodgers take on the Phillies in Philadelphia with first pitch
• 18:57
  Speaker 4: at three forty. Listen on A five seventy sports and
• 19:01
  Speaker 4: streaming on the iHeartRadio app brought to you by Sapporo.
• 19:05
  Speaker 4: Great Moments start with Supporo Beer, Good with sushi, Great
• 19:09
  Speaker 4: with baseball. Okay, we are back to you, Bill, you.
• 19:14
  Speaker 2: Got ho there you go, and as we finish it up, Oh,
• 19:18
  Speaker 2: here's a story that is trending that we're talking about,
• 19:21
  Speaker 2: and that's that three year old Santa Clarita girl was
• 19:25
  Speaker 2: bitten by a rattlesnake that was hiding under an Amazon
• 19:28
  Speaker 2: package at her house. Rushed to the hospital. Looks like
• 19:32
  Speaker 2: she's going to be Okay, Amy, I am sick and
• 19:35
  Speaker 2: tired of these three year olds getting bit by rattlesnakes
• 19:38
  Speaker 2: under Amazon boxes. Let's not do any more of these stories.
• 19:41
  Speaker 2: I'm just I'm just so tired of stories like that. Also,
• 19:45
  Speaker 2: you want to be a little careful buying anything from
• 19:47
  Speaker 2: Amazon Amazon anymore, because well, Rattlesnake's being bitten. You know
• 19:52
  Speaker 2: what that's about. Okay, a story about Social Security, and
• 19:56
  Speaker 2: this is something that everybody is going to be involved with.
• 20:02
  Speaker 2: If you are going to retire in six years and
• 20:05
  Speaker 2: you are an average dual income couple, expect to receive
• 20:10
  Speaker 2: about seventeen thousand dollars less in Social Security benefits per year,
• 20:17
  Speaker 2: seventeen grand less per year. And that's what's going to
• 20:21
  Speaker 2: happen if Congress doesn't shore up the funds again. And
• 20:26
  Speaker 2: just how do you do that, Well, you do it
• 20:29
  Speaker 2: one of two ways or both ways, and that is
• 20:32
  Speaker 2: reduce the benefits so the Social Security Fund doesn't have
• 20:37
  Speaker 2: to pay for everything, or increase the age when people retire,
• 20:45
  Speaker 2: or pay for or tax people more, which is probably
• 20:49
  Speaker 2: gonna happen with all three. And the shame of it
• 20:52
  Speaker 2: is is social Security goes into insolvency all orts. It's
• 20:58
  Speaker 2: scheduled to go into insolvency constantly. I mean, over the years,
• 21:02
  Speaker 2: we said, okay, it's going to run out by twenty
• 21:04
  Speaker 2: twenty eight, it's going to run out by twenty thirty two.
• 21:06
  Speaker 2: Now it's not going to run out. People think that
• 21:09
  Speaker 2: when Social Security becomes insolvent it runs out of money.
• 21:12
  Speaker 2: No it doesn't. What it does is simply will become
• 21:16
  Speaker 2: fewer benefits, less money you get from Social Security, the
• 21:22
  Speaker 2: more taxes will have to be charged to make up
• 21:25
  Speaker 2: for the shortfall. And this is well, it's going to
• 21:32
  Speaker 2: be tough for people who are not collecting Social Security
• 21:36
  Speaker 2: now because they're grandfathered in. There's no question about that.
• 21:40
  Speaker 2: Right now, I think the age to retire is sixty seven,
• 21:45
  Speaker 2: it used to be sixty five. That helps the Social
• 21:48
  Speaker 2: Security fund big time. Right now. The Social Security tax
• 21:52
  Speaker 2: is I don't know what it's ten percent, eight percent,
• 21:56
  Speaker 2: nine percent up to I think one hundred and fifty
• 21:58
  Speaker 2: thousand dollars of income. And that is on both sides.
• 22:03
  Speaker 2: The employer pays that as well as the employee. So
• 22:07
  Speaker 2: we're talking about what ten percent. It's a fortune. It's
• 22:13
  Speaker 2: thousands of dollars a year, and be prepared if you
• 22:17
  Speaker 2: are looking at retirement later on, you are going to
• 22:20
  Speaker 2: have some big problems unless we charge. Unless the government
• 22:26
  Speaker 2: does something in the way. The government is going to do,
• 22:28
  Speaker 2: which it always does, is increased, the increased the retirement age,
• 22:33
  Speaker 2: which I think is going to go to seventy at
• 22:35
  Speaker 2: some point because people just live a whole lot longer
• 22:39
  Speaker 2: and they retire a whole lot later, and you're not
• 22:42
  Speaker 2: going to see as much. You're not going to see
• 22:44
  Speaker 2: the benefits. And that is Hey, welcome to the world,
• 22:49
  Speaker 2: Welcome to the socialist quote state in which people receive
• 22:55
  Speaker 2: governmental benefits Medicare for examples, in the same situation. By
• 23:00
  Speaker 2: the way, for those of you that hate socialism and
• 23:03
  Speaker 2: a socialist government, make sure that when Medicare kicks in
• 23:06
  Speaker 2: when you're sixty five, don't accept Medicare. Just pay for
• 23:11
  Speaker 2: everything out of pocket or pay for insurance.
• 23:13
  Speaker 4: And for those of you that love socialistic society, look
• 23:17
  Speaker 4: how great it's working with that is for security and medicare.
• 23:21
  Speaker 2: That is also correct. On the other side, and a
• 23:24
  Speaker 2: lot of argument is those countries that do have national insurance,
• 23:29
  Speaker 2: national health plans, which I'm in favor of, but the
• 23:33
  Speaker 2: wait for elective surgery. You can wait fifteen months for
• 23:38
  Speaker 2: a knee replacement, for example in Canada, you can wait
• 23:42
  Speaker 2: fourteen months for an abortion. It is just a different
• 23:47
  Speaker 2: way of dealing with how a government runs it's medical
• 23:52
  Speaker 2: plans and medical services. Okay, guys, we're done. It is over.
• 23:57
  Speaker 2: Tomorrow morning we start all over again. We are back
• 24:01
  Speaker 2: with Amy and Will Coleschreiber. Wake up Call and Neil
• 24:04
  Speaker 2: and I come aboard. At six Amy and Kono, the
• 24:07
  Speaker 2: rest of the crowd make all of this happen. Gary
• 24:10
  Speaker 2: and Shannon Up and well. Tomorrow, same time, same station,
• 24:15
  Speaker 2: kf I am six forty.
• 24:18
  Speaker 1: You've been listening to the Bill Handle Show. Catch My
• 24:20
  Speaker 1: Show Monday through Friday, six am to nine am, and
• 24:23
  Speaker 1: anytime on demand on the iHeartRadio app.