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Mark Cuban Business Ideas · Chuck Douglas

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  Speaker 1: Chuck Douglas, the Power Hour, 610 WTVN, 821 WTVN, the number. Zach,
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  Speaker 1: let me ask you, is there anybody out there, anybody
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  Speaker 1: out there celebrity-wise, notable-wise, politician, anybody, just one person who
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  Speaker 1: as soon as you hear their name, you know they're
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  Speaker 1: going to say something that ticks you off?
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  Speaker 2: I don't know. Robert De Niro lately.
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  Speaker 1: De Niro? Okay, I can see that. I love his movies. Yep, absolutely.
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  Speaker 1: For me, it's Mark Cuban. Mark Cuban, who's worth an
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  Speaker 1: estimated $ 10 billion. But this dude is constantly talking communism.
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  Speaker 1: Have you noticed every time he gets some exposure somewhere,
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  Speaker 1: it's about what companies need to give up and we
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  Speaker 1: need to raise taxes. This time around in Fortune magazine
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  Speaker 1: says he wants to sell, solve wealth inequality. That in
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  Speaker 1: itself is a communist sentiment. By making employers choose between
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  Speaker 1: paying higher taxes and or giving every member of staff
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  Speaker 1: company stock. How do you become worth $ 10 billion and
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  Speaker 1: have absolutely no respect for capitalism?
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  Speaker 2: It's easy to set on a perch and snipe.
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  Speaker 1: Yes, it is. Yes, it is. Shark Tank's star has
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  Speaker 1: long shared suggestions and acted plans to better enhance income
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  Speaker 1: throughout the U.S. economy. One of Cuban's ideas was to
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  Speaker 1: give employees company stock. Told a recent episode of What
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  Speaker 1: It Takes podcast, he awarded 330 employees at his media company, Broadcast.com,
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  Speaker 1: stock ahead of Yahoo's $ 5. 7 billion acquisition of the company
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  Speaker 1: back in 1999. 300 of those employees became millionaires as
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  Speaker 1: a result. Why not all 330? Why not all 330?
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  Speaker 1: Valid question. If you're saying corporations, companies, businesses need to
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  Speaker 1: give up part of their value or face higher taxes,
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  Speaker 1: meaning penalties from government, it's almost like the First Amendment.
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  Speaker 1: You can say what you want to say, believe what
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  Speaker 1: you want to say, worship the way you want to worship,
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  Speaker 1: protest the way you want to protest without fear of
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  Speaker 1: retribution from the government. That's what the First Amendment is
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  Speaker 1: all about. Mark Cuban is saying... if you make too
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  Speaker 1: much money in the government's opinion, there should be retribution.
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  Speaker 1: You should have to pay higher taxes. And if you
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  Speaker 1: don't pay higher taxes, then you should have to give
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  Speaker 1: some of your company's value away to employees. And this
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  Speaker 1: is flying, man. This is flying. We had, what's his name?
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  Speaker 1: Andrew Yang. The one of the universal basic income. Yeah.
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  Speaker 2: I wonder what happened to him.
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  Speaker 1: He went broke. Um, the, uh, The idea that people
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  Speaker 1: owe you, this is no different except you're doing it legislatively.
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  Speaker 1: You're using laws in Congress to do it. This is
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  Speaker 1: no different than people breaking into your car to steal
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  Speaker 1: your crap while you sleep. They believe they deserve your
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  Speaker 1: stuff more than you do. And if you are fortunate
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  Speaker 1: and you manage to start a company or make a
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  Speaker 1: discovery or hell, hit the lottery. It doesn't matter. What's next?
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  Speaker 1: You know, if you won the Powerball and now you've
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  Speaker 1: got $ 500 billion at your disposal and you should be
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  Speaker 1: forced to give that to your family members. It's the
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  Speaker 1: same logic.
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  Speaker 2: That would be infuriating.
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  Speaker 1: It's the same logic. So you want to artificially create value. See,
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  Speaker 1: that's what the left is all about. Artificially create value
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  Speaker 1: by making somebody or something that is truly valuable part
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  Speaker 1: itself out to other people so that they too can
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  Speaker 1: have a higher value. But it's temporary. It's not like
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  Speaker 1: they're going to give you that money every year. It's temporary.
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  Speaker 1: It's temporary. Minimum wage, same thing. Forcing employers, say, we're
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  Speaker 1: going to raise the required minimum wage in this country
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  Speaker 1: from whatever. What the hell is it now?
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  Speaker 2: I don't know.
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  Speaker 1: Is it 15? Did they get federal minimum wage 15?
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  Speaker 1: Which only applies, by the way, if you work for
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  Speaker 1: the federal government.
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  Speaker 2: Yeah, I don't know. I don't know.
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  Speaker 1: When the federal government says we need to raise minimum wage,
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  Speaker 1: Ted Kennedy used to love bringing that up every year.
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  Speaker 1: The minimum wage in this country ought to be enough
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  Speaker 1: to support a family. No, no, no, that's not what
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  Speaker 1: minimum wage is for. It's a starting wage. It's like
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  Speaker 1: buying a starter house. It's like everything has to begin somewhere.
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  Speaker 1: You don't just go from zero to the finish line.
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  Speaker 1: Minimum wage is an artificial value. If the company sells
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  Speaker 1: a product and makes this much money, they say, okay,
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  Speaker 1: we can afford this much in payroll. If you say
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  Speaker 1: you need to double that payroll, then either they have
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  Speaker 1: to increase significantly the cost of what they are selling,
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  Speaker 1: which means now it's unaffordable to the people who were
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  Speaker 1: buying it, and they end up going out of business
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  Speaker 1: or having to lay off a bunch of people in
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  Speaker 1: order to sustain the business. Because government got involved and
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  Speaker 1: created artificial value to the employees. Pie in the sky,
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  Speaker 1: they sell it to stupid people. And they use it
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  Speaker 1: to manipulate the minds of poor voters. Well, he said
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  Speaker 1: he's going to raise the minimum wage to $ 15 an hour.
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  Speaker 1: First of all, he, whoever he may be, or she,
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  Speaker 1: whoever she may be, they're not going to do crap.
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  Speaker 1: Just as I pointed out with the Sherrod Brown commercials,
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  Speaker 1: I'm going to make sure data centers pay their fair share. No,
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  Speaker 1: you're not.
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  Speaker 2: No, you're not.
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  Speaker 1: You had 32 years to make sure people paid their
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  Speaker 1: fair share. You didn't. And you, as one man out
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  Speaker 1: of 100 senators, are not going to go in and
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  Speaker 1: make sure of anything. You might introduce a bill that
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  Speaker 1: might become legislation. Maybe it'll pass. Maybe it'll become law.
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  Speaker 1: But you're not you. You are not empowered. And it's hilarious.
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  Speaker 1: Donald Trump thinks he's a dictator. Well, apparently so do
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  Speaker 1: you because you're going to make sure. And you're not.
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  Speaker 1: You're manipulating people and lying to them. And this is
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  Speaker 1: what politicians do far too often. And I'm not even
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  Speaker 1: mad at them for manipulating and lying. What I'm mad
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  Speaker 1: about is that people are stupid enough to believe it
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  Speaker 1: over and over again. We keep falling for the same stuff.
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  Speaker 1: argument may change a little bit, but the basis is
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  Speaker 1: still the same. Somebody's always going to suffer if you
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  Speaker 1: don't support me. If you don't vote for me, grandma's
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  Speaker 1: going to be eating dog food. That's back when dog
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  Speaker 1: food was cheap. That costs more than my food now.
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  Speaker 1: Does the cat food cost a lot for you? You
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  Speaker 1: buy expensive, like, Do you spoil the cat with any
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  Speaker 1: of that fresh farm food or anything like that? No.
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  Speaker 3: The first time I bought her whatever I bought her,
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  Speaker 3: the brand I bought her, it was just off the shelf.
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  Speaker 3: Now she won't eat anything else.
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  Speaker 2: Like, that's what she's used to.
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  Speaker 1: Okay. Now, see, then your cat should be forced to
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  Speaker 1: share some of that good food with other cats in
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  Speaker 1: the neighborhood.
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  Speaker 3: Sure.
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  Speaker 2: Any cat can come over and take her food.
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  Speaker 1: I'm sure she won't mind at all. Right. Exactly. She's got...
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  Speaker 1: and there's going to be a problem.
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  Speaker 3: She's a serial killer when she's outside the house. If
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  Speaker 3: you bring any animal in there, uh, good luck.
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  Speaker 1: Even animals get it. When something is yours, it's not
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  Speaker 1: someone else's to give away. That's what communism and socialism
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  Speaker 1: is all about. Was it, who was it that said, uh,
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  Speaker 1: sooner the problem in communism or socialism is sooner or
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  Speaker 1: later you run out of other people's money.
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  Speaker 2: Margaret Thatcher.
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  Speaker 1: Was that Thatcher? Yeah. I, for some reason I knew
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  Speaker 1: it wasn't Tony Blair cause he never said anything interesting. Um,
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  Speaker 1: But yeah, the Iron Lady, I could see her saying that.
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  Speaker 1: But that's exactly the problem. And I'm distressed. I am
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  Speaker 1: distressed that someone that's benefited so greatly from all that
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  Speaker 1: this country has to offer, all the possibilities that this
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  Speaker 1: country has to offer, $ 10 billion net worth, is saying, yeah, well,
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  Speaker 1: you need to give your stuff away. It starts with
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  Speaker 1: the big corporations, then it becomes the mom and pops.
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  Speaker 1: No longer are you going to have a mom and
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  Speaker 1: pop store. It's going to need to be a co-op.
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  Speaker 1: All your employees are going to need to own a
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  Speaker 1: piece of this. Mark Cuban sounds like a Cuban.
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  Speaker 3: Everybody owns a piece of that. That sounds great if
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  Speaker 3: they all opt in and that's where you want to work.
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  Speaker 2: If you have the choice. If you want to, go
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  Speaker 2: down that road.
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  Speaker 1: If the company wants to co-op with its employees, that's fine.
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  Speaker 2: Yeah, but forcing it is a whole different story.
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  Speaker 1: And if you're not going to give up 30% of
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  Speaker 1: your wealth, then you need to pay 30% more in taxes.
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  Speaker 1: We're going to get it from you either way. The
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  Speaker 1: thing of it is, is when the government confiscates it
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  Speaker 1: into that trash can of a tax system we have,
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  Speaker 1: the people that it's supposed to benefit will never see it.
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  Speaker 1: It's not going, just like every time the government, the
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  Speaker 1: government fined Pfizer today $ 20 trillion for erectile dysfunction pills
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  Speaker 1: that make your nose fall off. And, but you think
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  Speaker 1: you're ever going to see any of that? No. Citizens
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  Speaker 1: never get it. You end up getting a class action
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  Speaker 1: lawsuit check for $ 1. 45. The lawyers in the government take
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  Speaker 1: it all. So government taking from corporations, that refuse to
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  Speaker 1: give their profits to their employees? Man, that's straight Sopranos.
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  Speaker 1: It really is. Absolutely is. And while we've got all
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  Speaker 1: these big things on the table, I want to finish
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  Speaker 1: up with a ridiculous story. And I don't even know
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  Speaker 1: which one. Georgia? Albany, Georgia. Have you seen the Albany,
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  Speaker 1: Georgia Walmart story? though.
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  Speaker 2: Albany, Georgia.
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  Speaker 1: Police launching a manhunt.
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  Speaker 2: No, the guy with the 30 bucks.
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  Speaker 3: Yep.
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  Speaker 1: Yep. Somebody dropped $ 30 on the floor at Walmart in Albany, Georgia.
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  Speaker 1: And this guy picks it up. Maybe Mark Cuban told
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  Speaker 1: him to do it. I don't know. He picks it up.
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  Speaker 1: He looks around. Doesn't see anybody looking for their $ 30,
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  Speaker 1: so he puts it in his pocket. Yeah. The person
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  Speaker 1: who lost the cash contacted the police. The police showed up,
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  Speaker 1: reviewed store security, and posted an image of the man
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  Speaker 1: on Facebook while asking the public to help identify him.
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  Speaker 1: Many people mocked the effort, arguing that more money was
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  Speaker 1: probably spent investigating the case than had been lost.
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  Speaker 2: Yes.
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  Speaker 1: Right. Police eventually found the man who returned the $ 30.
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  Speaker 1: The owner of the money decided not to press charges.
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  Speaker 2: Press charges for what?
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  Speaker 1: For what? Theft? I don't know. Right. At a Walmart
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  Speaker 1: here in Columbus, my daughter, several years ago, my daughter
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  Speaker 1: had her zip-up wallet thing in the top part of
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  Speaker 1: the grocery cart. And she was looking at clothes for
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  Speaker 1: one of the kids, and then she turned back to
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  Speaker 1: the cart, and her zip-up wallet was gone. And they
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  Speaker 1: wouldn't do anything to help her. Security wouldn't do anything
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  Speaker 1: to help her. She called me. I went over there.
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  Speaker 1: I got the security people to look at the footage.
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  Speaker 1: They said, oh, we believe this may be the person.
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  Speaker 1: So they said, we have to call the police. We
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  Speaker 1: can't show you the footage. Police showed up, looked at
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  Speaker 1: the footage, said, well, we can't confirm that they took it,
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  Speaker 1: can't identify. So nothing ever happened. That was a wallet
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  Speaker 1: taken out of a cart. And there was nothing that
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  Speaker 1: could happen. This was 30 bucks somebody dropped on the floor.
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  Speaker 1: And that happens. You drop money like pulling your keys
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  Speaker 1: out of your pocket and put, I had a 20
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  Speaker 1: in there or something.
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  Speaker 2: Yes, I've never called the cops and asked for it.
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  Speaker 1: Yeah, you don't really call the police for something like that.
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  Speaker 1: What's the most amount of money you've ever lost like that?
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  Speaker 1: Like $ 200.
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  Speaker 2: Wow. Yeah, because I had it in one of my
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  Speaker 2: flannel shirts.
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  Speaker 3: It was winter in the front pocket, and I was
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  Speaker 3: cleaning out my car, and I had a bunch of
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  Speaker 3: clothes back there.
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  Speaker 2: I went on a trip or something and pulled it,
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  Speaker 2: and I couldn't find it.
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  Speaker 3: I know I put it in there when I got
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  Speaker 3: into the car when I drove home, and then it
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  Speaker 3: wasn't there after.
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  Speaker 1: Well, you beat me. I lost 70 once. That's a lot.
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  Speaker 1: A 50 and a 20, and the same thing. I
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  Speaker 1: stuffed it in my shirt pocket. And that's the same
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  Speaker 1: pocket where I keep my nicotine. And at some point,
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  Speaker 1: I pulled out the cigarettes, and the money must have
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  Speaker 1: flown out with it. Yeah, so it was one of
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  Speaker 1: those occasions where you went, well, yeah, I probably could
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  Speaker 1: have used that, but I really hope that somebody who
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  Speaker 1: was hungry or whatever picked it up and is stuffed
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  Speaker 1: to the gills right now.
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  Speaker 2: I called the cops.
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  Speaker 1: Did you call the cops? They told me that.
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  Speaker 3: I could keep my money safe if you follow the
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  Speaker 3: story of the woman who hid money.
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  Speaker 1: If you get the money back, though, Mark Cuban wants
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  Speaker 1: you to give part of it to your neighbors. Okay.
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  Speaker 1: Music already? No, just kidding. Wow. All right, time for
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  Speaker 1: me to fly, but the good news is there's sunshine
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  Speaker 1: and blue skies out there, so I'm going to enjoy
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  Speaker 1: the ride home. I will be back in here tomorrow
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  Speaker 1: with Blazer beginning at 3. Trust me, you will enjoy it,
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  Speaker 1: so don't miss a minute of it on 610 WTVN.