Latest / The Breakfast Club / INTERVIEW: Ro Khanna & Ja Moore Talk Building Wealth, Bridging The Gap With Technology, Trump Vs. Harris + More

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INTERVIEW: Ro Khanna & Ja Moore Talk Building Wealth, Bridging The Gap With Technology, Trump Vs. Harris + More · The Breakfast Club

• 0:00
  Speaker 1: Wake that answer up in the morning.
• 0:02
  Speaker 2: Breakfast Club Morning, everybody is the j Envy Jess, hilarious,
• 0:08
  Speaker 2: Charlamagne the guy we are to Breakfast clublow on the
• 0:10
  Speaker 2: roster filling in for jests. We got some special guests
• 0:12
  Speaker 2: joining us this morning. We got us representative of Ocanna
• 0:16
  Speaker 2: from California and we got jay A. Moore from South Carolina.
• 0:19
  Speaker 1: Well fal Carolina state representatives.
• 0:21
  Speaker 3: Welcome.
• 0:22
  Speaker 2: How y'all feeling to say?
• 0:24
  Speaker 4: Great to be on, to be here. You guys have
• 0:26
  Speaker 4: gone next level in terms of your show.
• 0:29
  Speaker 5: We've been working, working, you know, it's interested in every
• 0:32
  Speaker 5: election season. You know, we get we you know, we're
• 0:35
  Speaker 5: a stop for people. So I guess that's a good thing.
• 0:37
  Speaker 2: Great deal.
• 0:38
  Speaker 3: I think it's great.
• 0:39
  Speaker 4: I mean I was on, as you may remember, a
• 0:41
  Speaker 4: couple of years ago when the during the pandemic. But
• 0:43
  Speaker 4: since then, I think, uh, you know, people in the
• 0:47
  Speaker 4: mainstream media now have figured out that they've got to
• 0:50
  Speaker 4: come on this show and they're listening absolutely.
• 0:52
  Speaker 2: So what do you guys think about the rally over
• 0:54
  Speaker 2: the weekend in New York and Madison Square Guard What
• 0:56
  Speaker 2: were your thoughts?
• 0:58
  Speaker 4: Here's the thing, you know, Maya Angelo once said that
• 1:02
  Speaker 4: words are things, and you've got to be careful about
• 1:05
  Speaker 4: how you use words.
• 1:07
  Speaker 3: Now, I'm a.
• 1:08
  Speaker 4: Free speech person, but that doesn't mean old speech is
• 1:10
  Speaker 4: good speech. And we teach our kids to be thoughtful
• 1:15
  Speaker 4: about how they use words because of respect. We have
• 1:19
  Speaker 4: had this situation in this country that if you think
• 1:22
  Speaker 4: something is funny, that somehow that's a license to insult people.
• 1:26
  Speaker 4: Just because something is funny doesn't mean that you can
• 1:30
  Speaker 4: denigrate people based on their race and gender and just say.
• 1:36
  Speaker 3: Oh, okay, I was just making a joke. I thought
• 1:39
  Speaker 3: the vile.
• 1:40
  Speaker 4: Attacks on racial groups in the context of a political
• 1:45
  Speaker 4: rally was horrendous and someone needs to say, yeah, okay,
• 1:49
  Speaker 4: you can have humor, but not everything in this country
• 1:52
  Speaker 4: can be justified just because it's funny.
• 1:55
  Speaker 1: I just thought it was bad politics.
• 1:57
  Speaker 5: It's like, you know, a week before the election, you know,
• 1:59
  Speaker 5: and you know you you're gonna need Latino people, you're
• 2:01
  Speaker 5: gonna need Black people, you're gonna need you Ash people.
• 2:04
  Speaker 5: You just put somebody up there to insult them. It's
• 2:06
  Speaker 5: kind of crazy.
• 2:07
  Speaker 6: Yeah, I mean, I think it's just another misstep by
• 2:11
  Speaker 6: the Trump campaign and Trump himself. It was a I
• 2:14
  Speaker 6: don't know it was in I don't even know if
• 2:16
  Speaker 6: it was desperate and I was just nuts.
• 2:19
  Speaker 7: It didn't make sense.
• 2:20
  Speaker 6: I don't know why you would, you know, would all
• 2:21
  Speaker 6: due respect I'm a Knicks fan, with all due respect
• 2:24
  Speaker 6: to New York, why you would do a rally in
• 2:26
  Speaker 6: New York anyway when it's not a battleground state it
• 2:29
  Speaker 6: was a political didn't make sense.
• 2:31
  Speaker 7: It was a terrible move on this part.
• 2:35
  Speaker 1: What's the stop Wall Street, Landlord, leg bro.
• 2:37
  Speaker 4: You know what's going on right now is private equity.
• 2:41
  Speaker 4: These big companies. They're buying up single family homes, and
• 2:45
  Speaker 4: they're buying up largely in working class neighborhoods. And by
• 2:51
  Speaker 4: doing that, they're making the prices of these homes go up,
• 2:53
  Speaker 4: and they're making the prices of rents go up. And
• 2:56
  Speaker 4: you're in my tax dollars or subsidizing them. So this says,
• 3:00
  Speaker 4: up giving them a subsidy. You shouldn't have Wall Street
• 3:02
  Speaker 4: firms getting tax dollars to go buy up single family homes.
• 3:06
  Speaker 4: And by the way, they're doing them largely in black
• 3:08
  Speaker 4: and brown communities across this country, and it's outrageous.
• 3:12
  Speaker 1: And so what are you all trying to stop?
• 3:13
  Speaker 3: Exactly stops the subsidies.
• 3:15
  Speaker 4: So right now, Freddie mac Fanny May basically finance their
• 3:19
  Speaker 4: loans if they want to get a mortgage to buy
• 3:23
  Speaker 4: up these homes. Four hundred and five hundred thousand, Freddie
• 3:26
  Speaker 4: Mack and Fanny May are giving them subsidized loans with
• 3:28
  Speaker 4: your tax dollars. We're saying no subsidies, no tax dollar
• 3:32
  Speaker 4: subsidies for them. The reason it started is after the
• 3:35
  Speaker 4: two thousand and eight crash, property values were totally depressed,
• 3:38
  Speaker 4: and it made sense to say, okay, we needed some
• 3:42
  Speaker 4: Wall Street investment to rebuild the home market. But that
• 3:45
  Speaker 4: was two thousand and eight. It's now twenty twenty four
• 3:48
  Speaker 4: and the prices are through the roof. People can't afford houses.
• 3:51
  Speaker 4: It's one of the two things we could do, the
• 3:53
  Speaker 4: biggest things to get housing more affordable. One is to
• 3:56
  Speaker 4: stop subsidizing private equity institutional investors.
• 3:59
  Speaker 3: The other is to build more housing.
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  Speaker 5: If you stop Wall Street from doing it, how do
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  Speaker 5: you make it the way people from the community can
• 4:04
  Speaker 5: actually purchase those not just purchase those homes, but have
• 4:08
  Speaker 5: the equity to reinvest into those homes and you know,
• 4:10
  Speaker 5: renovate them.
• 4:12
  Speaker 3: Well, that's a big, big question.
• 4:14
  Speaker 4: Why home ownership has gone down. The biggest source of wealth.
• 4:20
  Speaker 4: You know, home ownership is about sixty two percent in
• 4:22
  Speaker 4: the white community, forty five percent in the black community.
• 4:26
  Speaker 3: One, you need to.
• 4:27
  Speaker 4: Build more homes so that you can bring the price down.
• 4:31
  Speaker 4: But you know the bottom line is you got to
• 4:33
  Speaker 4: have higher paying jobs. I mean, you've had jobs in
• 4:36
  Speaker 4: this country with the working in middle class stagnate in wages.
• 4:40
  Speaker 4: And one of the reasons I wanted to come on
• 4:42
  Speaker 4: and JA and I've been working on is you know,
• 4:44
  Speaker 4: I represent Silicon Valley twelve trillion dollars of value, Apple, Google, Intel,
• 4:50
  Speaker 4: and Vidia.
• 4:51
  Speaker 3: We've got to create those.
• 4:53
  Speaker 4: High paying jobs in many other parts of America.
• 4:57
  Speaker 3: For you look at the bulk of wealth.
• 5:00
  Speaker 4: Generation in this country over the last forty years, a
• 5:02
  Speaker 4: lot of it has come out of technology, and whether
• 5:05
  Speaker 4: it's high paying manufacturing or high paying technology jobs. We've
• 5:08
  Speaker 4: got to actually do that in communities so people could
• 5:11
  Speaker 4: go have a salary to buy a house.
• 5:13
  Speaker 3: We built We.
• 5:14
  Speaker 4: Did a summit A and I and others in Claflet
• 5:18
  Speaker 4: with forty historically black colleges and universities. We got Apple there,
• 5:23
  Speaker 4: we got Google there, we got Nvidia, we got Microsoft.
• 5:26
  Speaker 4: They've created a program seventy one percent placement rate, eighteen
• 5:30
  Speaker 4: month course, ten hours a week. You end up with
• 5:33
  Speaker 4: a sixty five to one hundred thousand dollars job in
• 5:36
  Speaker 4: different technology skills. It doesn't even require coding. We've got
• 5:40
  Speaker 4: to create more opportunities for people to actually build wealth
• 5:43
  Speaker 4: in a modern economy. That's how they're going to be
• 5:45
  Speaker 4: able to afford housing.
• 5:46
  Speaker 2: What what's your thoughts on you know, some people believe
• 5:48
  Speaker 2: that these huge companies that you've name should be taxed more,
• 5:52
  Speaker 2: and some people feel like they shouldn't be taxed as much.
• 5:54
  Speaker 2: Give them the tax benefits because if not, they can
• 5:56
  Speaker 2: take their business overseas. What are your thoughts on that.
• 5:59
  Speaker 3: They should be taxed?
• 6:00
  Speaker 4: I mean, look, we're producing in my district more wealth
• 6:03
  Speaker 4: in one zip code than anywhere that has ever been
• 6:06
  Speaker 4: produced in the history of humanity. You can tax these
• 6:09
  Speaker 4: people more. Some of them aren't even paying Some of
• 6:12
  Speaker 4: the companies aren't even paying the full tax because they
• 6:15
  Speaker 4: are avoiding through having some of their operations offshore. And
• 6:20
  Speaker 4: certainly you can tax the stock buybacks that they engage
• 6:23
  Speaker 4: in more. You can tax them once they are passing
• 6:28
  Speaker 4: money down to their kids more to provide people with
• 6:31
  Speaker 4: the basic things healthcare, education, childcare. But here's and that's
• 6:36
  Speaker 4: what Kamala Harris wants to do. But here's the thing.
• 6:40
  Speaker 4: Just taxing the wealth is not enough. Just taxing and
• 6:44
  Speaker 4: redistribution is not enough. We've got to figure out in
• 6:47
  Speaker 4: this country, how are we going to get people to
• 6:50
  Speaker 4: actually build wealth. How are we actually going to get
• 6:52
  Speaker 4: people to have good paying jobs. How are we actually
• 6:55
  Speaker 4: going to have wealth generation opportunities. Why in the world
• 6:59
  Speaker 4: is it that all of the wealth largely has been
• 7:03
  Speaker 4: concentrated in a few cities. Why is it that we're
• 7:08
  Speaker 4: fine with black people, with Lataino people being users of technology.
• 7:13
  Speaker 4: You know, all of the clips you have, they go viral,
• 7:17
  Speaker 4: they're all over. You wouldn't have social media if it
• 7:20
  Speaker 4: weren't for the creators of content. But where are they
• 7:23
  Speaker 4: in the boardrooms? Where are they in the founder as founders?
• 7:26
  Speaker 4: Where are they at venture capitalists? I taught at Stanford.
• 7:31
  Speaker 4: My kids used to get funding before they had an idea.
• 7:35
  Speaker 4: You know why, because they had the right email address,
• 7:39
  Speaker 4: just like I had to fight to get on this show,
• 7:41
  Speaker 4: Charlot min show.
• 7:42
  Speaker 3: You got to know the right people.
• 7:43
  Speaker 4: Well, a lot of people have to fight to get
• 7:46
  Speaker 4: on venture, to get in the board the room with
• 7:48
  Speaker 4: the venture capitalists. They have no idea how to get funding. Now,
• 7:52
  Speaker 4: why am I passionate about this because when the Indian
• 7:55
  Speaker 4: American community came here post sixty five, and there's a
• 7:58
  Speaker 4: long history, and I just go into it for a
• 8:00
  Speaker 4: one minute, because Vice President Harris went to Howard University,
• 8:06
  Speaker 4: and it gets to this whole Trump thing with are
• 8:08
  Speaker 4: you South Asian or are you black? The reality is
• 8:11
  Speaker 4: there's a deep tie. Mordecai Johnson from Howard University went
• 8:16
  Speaker 4: to India. He learned about Gandhi. Nineteen forty nine. He's
• 8:20
  Speaker 4: speaking at Lincoln University in Pennsylvania. A young doctor King
• 8:25
  Speaker 4: is in the audience, and he talks about Satiegra in
• 8:28
  Speaker 4: the freedom movement. My grandfather spent four years in jail
• 8:31
  Speaker 4: alongside Gandhi as part of the Indian independence moment. King
• 8:35
  Speaker 4: and John Lewis take those teachings. King has a Bible
• 8:40
  Speaker 4: and the Gandhi Reader with him at all times. You
• 8:42
  Speaker 4: go to his house today, it has those two books.
• 8:45
  Speaker 4: And it leads to not just the Civil Rights Act,
• 8:48
  Speaker 4: it leads to the nineteen sixty five immigration reformat that
• 8:51
  Speaker 4: allows my parents to come to the United States. Indians
• 8:54
  Speaker 4: and others weren't allowed to come to the United States.
• 8:56
  Speaker 4: You know who hires the Indian American community when we
• 8:59
  Speaker 4: come here in terms of jobs, It's not Stanford. It's
• 9:03
  Speaker 4: not Harvard. You know who hired Nicky Haley's father, an
• 9:07
  Speaker 4: HBCU historically Black college. By the way, they hired all
• 9:12
  Speaker 4: of the Jewish professors who came when they were leaving
• 9:15
  Speaker 4: the Holocaust. It wasn't Harvard or Stanford. Now you look today,
• 9:19
  Speaker 4: I'm a product of the Civil Rights moan. I wouldn't
• 9:22
  Speaker 4: be born in the United States. My parents won't be here.
• 9:25
  Speaker 4: What is the endowment of Stanford University where I taught?
• 9:29
  Speaker 4: Forty billion dollars? He had one hundred HBCUs. They've produced
• 9:34
  Speaker 4: Doctor King, They've produced John Lewis, They've produced WB du Bois,
• 9:38
  Speaker 4: They've produced thurgand Marshall, They've produced Kamala Harrison. What is
• 9:41
  Speaker 4: the endowment of all hundred of those HBCUs combined?
• 9:47
  Speaker 3: Four billion?
• 9:49
  Speaker 4: One? Has Stanford produced Martin Luther King? Has it produced WB?
• 9:53
  Speaker 3: D Boys?
• 9:53
  Speaker 4: Now they got forty billion dollars? The HBCUs have four
• 9:57
  Speaker 4: billion dollars one tenth all of them of one university,
• 10:02
  Speaker 4: and then they're wondering, why is it that we don't
• 10:05
  Speaker 4: have economic opportunity in this country. So my view is, yes,
• 10:08
  Speaker 4: you got a tax the people. It's a valley, but
• 10:11
  Speaker 4: we need massive economic investment in these HBCUs, in in
• 10:19
  Speaker 4: young people to give them an actual opportunity.
• 10:21
  Speaker 3: To build wealth.
• 10:23
  Speaker 5: Biden Harris providing additional additional funding of seventeen billion.
• 10:29
  Speaker 4: They did, they did, but it was one time. It
• 10:32
  Speaker 4: was an American rescue plan. And that's one of the
• 10:35
  Speaker 4: things I think the Vice President needs to talk more about.
• 10:37
  Speaker 3: And she has, you know that, But it was one time.
• 10:42
  Speaker 4: Why can't we have ten billion dollars a year for
• 10:46
  Speaker 4: historically black colleges and universities?
• 10:48
  Speaker 3: You know what we do?
• 10:48
  Speaker 4: We say, Oh, you're not at our one school, research
• 10:51
  Speaker 4: one school, Well how are you going to be in
• 10:52
  Speaker 4: research one school?
• 10:53
  Speaker 1: You don't have a resource.
• 10:54
  Speaker 3: Well you don't have the resource.
• 10:55
  Speaker 2: Let me ask you a question, though, right, So I
• 10:58
  Speaker 2: believe in you, and I feel like, especially our community,
• 11:00
  Speaker 2: most of our generational wealth starts from home ownership, right
• 11:03
  Speaker 2: passed down from generations to generations. One question I do
• 11:06
  Speaker 2: have is sometimes when they put these laws into effect,
• 11:09
  Speaker 2: it just doesn't affect the people they are trying to get.
• 11:11
  Speaker 2: It affects other people. Let me break it down, right, So,
• 11:14
  Speaker 2: for instance, my dad was a police officer. A police
• 11:16
  Speaker 2: officer he retired. My mother worked at a life insurance company.
• 11:20
  Speaker 2: Didn't make a lot of money. They saved all their life.
• 11:22
  Speaker 2: They bought their first house with twenty eight thousand dollars right,
• 11:24
  Speaker 2: lived in that house for forty six years, So now
• 11:26
  Speaker 2: it's worth let's say, five hundred thousand dollars, six hundred
• 11:29
  Speaker 2: thousand dollars. When they pass they pay taxes on that house.
• 11:33
  Speaker 2: They paid everything that they needed to pay for the
• 11:35
  Speaker 2: rest of their life. When they passed that house down
• 11:38
  Speaker 2: to their child, they have to pay taxes on that.
• 11:40
  Speaker 2: That child who gets that house has to pay taxes
• 11:43
  Speaker 2: on that. Again, that's behind the buck for somebody that's
• 11:46
  Speaker 2: trying to make it. Now, if this was somebody else,
• 11:48
  Speaker 2: like let's say Donald Trump that received a million dollar
• 11:50
  Speaker 2: loan and his family has wealth, I understand it. But
• 11:53
  Speaker 2: how can somebody in these communities create wealth when they're
• 11:57
  Speaker 2: getting taxed twice like somebody else. They don't don't have
• 12:00
  Speaker 2: the same tax breaks, they don't know the same accountants.
• 12:03
  Speaker 2: That's my only problem when I hear some of these things,
• 12:05
  Speaker 2: because I get it, Yes, people have to pay their
• 12:08
  Speaker 2: fair share. When you have people that come from those
• 12:11
  Speaker 2: communities that are trying to create generational wealth for the
• 12:13
  Speaker 2: first time, first time millionaires, first time people making five
• 12:16
  Speaker 2: hundred thousand dollars, it affects and hurt them as well.
• 12:19
  Speaker 8: Especially too, because a lot of times in those situations,
• 12:22
  Speaker 8: by the time it's passed down to that second or
• 12:24
  Speaker 8: third generation, the mom, dad, grandmother may owe money that
• 12:27
  Speaker 8: now you inherit and it's a lumpsum. So it's not
• 12:30
  Speaker 8: just like, oh, I got to pay the tax for
• 12:31
  Speaker 8: this year. It might be like a lot of money
• 12:34
  Speaker 8: that they've just been figuring it out and now you know,
• 12:36
  Speaker 8: and now it's in your lap and you got to
• 12:38
  Speaker 8: figure that out or you don't own that house anymore.
• 12:39
  Speaker 2: So what do you say to those people are saying like, yeah,
• 12:42
  Speaker 2: I agree, but you know, my mom just saw she
• 12:44
  Speaker 2: paid twenty eight thousand, I sold it for five hundred thousand,
• 12:46
  Speaker 2: and now they're taking forty percent taxes on property that
• 12:49
  Speaker 2: she already paid tax. How can they create generational wealth
• 12:51
  Speaker 2: when they're starting behind the eight ball already.
• 12:54
  Speaker 3: I hear you.
• 12:54
  Speaker 4: I think we should have an exemption for passing down
• 12:59
  Speaker 4: your actual house house to family. Maybe exempt the first
• 13:03
  Speaker 4: two million or up to three five million, and we
• 13:06
  Speaker 4: could figure it out, and that's not going to cost
• 13:09
  Speaker 4: the federal government a lot of revenue. You know what's
• 13:12
  Speaker 4: going on right now, because while you're taxing the guy
• 13:16
  Speaker 4: you're talking about, or daughter you're talking about, or is
• 13:19
  Speaker 4: getting a half a million dollar house passed to them,
• 13:21
  Speaker 4: and they're having to pay tax. At the same time,
• 13:24
  Speaker 4: you got these multi billionaires in my district in Silicon Valley.
• 13:29
  Speaker 4: They buy Facebook stock for one thousand bucks, that stock
• 13:33
  Speaker 4: goes up to one hundred thousand, They pass that stock,
• 13:36
  Speaker 4: they don't pay capital gains tax on it. Then they
• 13:39
  Speaker 4: pass that stock down to their kids, and their kids
• 13:42
  Speaker 4: don't pay any of the appreciation. So you've got a
• 13:45
  Speaker 4: rigged system that is hurting the working and middle class
• 13:49
  Speaker 4: from building wealth and allowing the top one percent to
• 13:53
  Speaker 4: continue to build without paying tax. And the Republicans are
• 13:56
  Speaker 4: very clever. Every time we say we want to tax
• 13:58
  Speaker 4: that top one or ten percent, and they talk about
• 14:01
  Speaker 4: all the other eighty percent, They said, your taxes are
• 14:03
  Speaker 4: going to go up but the Democrats have to say
• 14:05
  Speaker 4: is no, you're working class, you're middle class. You want
• 14:08
  Speaker 4: to build wealth, We're going to give you an exemption.
• 14:10
  Speaker 4: We're going to shift the tax burden to the multi
• 14:14
  Speaker 4: millionaires who have benefited from this system. But one more
• 14:18
  Speaker 4: point to you, and look, I'm all for home ownership.
• 14:20
  Speaker 4: I think home ownership is we've got to figure out
• 14:24
  Speaker 4: more ways to get the disparity not to be sixty
• 14:27
  Speaker 4: two percent in the white community of forties low forty
• 14:30
  Speaker 4: percent of the black communities. But technology, here's what I
• 14:34
  Speaker 4: fundamentally believe. It's a generational opportunity to overcome the racial
• 14:39
  Speaker 4: wealth generation gap. One generation the.
• 14:42
  Speaker 3: Black community was excluded.
• 14:43
  Speaker 4: In the agricultural revolution with the loans from the USDA
• 14:47
  Speaker 4: that we're targeted excluding the manufacturing revolution. Shame on US
• 14:51
  Speaker 4: as a country in twenty twenty four. If we exclude
• 14:54
  Speaker 4: communities from the digital revolution, there is an opportunity in
• 14:58
  Speaker 4: one generation to build extraordinary wealth with AI, with new technology,
• 15:03
  Speaker 4: with new industry. And that's what I want to try
• 15:07
  Speaker 4: to say, is why don't we get these opportunities to
• 15:10
  Speaker 4: do more of the community so they actually can build
• 15:14
  Speaker 4: wealth that you never will overcome the racial wealth generation
• 15:17
  Speaker 4: gap just with taxation and redistribution unless you overcome the
• 15:21
  Speaker 4: racial wealth generation gap.
• 15:23
  Speaker 7: Thank you, okay, And that's one of the reasons I'm
• 15:26
  Speaker 7: here too.
• 15:26
  Speaker 6: The work that Roe and I are working on, there's
• 15:29
  Speaker 6: a nonprofit organization based in Charleston, South Carolina called the
• 15:33
  Speaker 6: Next It Girl.
• 15:34
  Speaker 7: And what it does.
• 15:35
  Speaker 6: It works for girls from eight to twenty two, black girls,
• 15:38
  Speaker 6: girls of color, introducing them to technology careers and concepts.
• 15:43
  Speaker 6: Is a program that we're starting out in Charleston, branches
• 15:48
  Speaker 6: in Atlanta, Georgia, in Indianapolis, Indiana. The work that Rowe
• 15:53
  Speaker 6: has been doing around connecting Silicon Valley with black and
• 15:57
  Speaker 6: brown communities and rural communities all over the country is
• 16:00
  Speaker 6: vitally important. We can I mean, we we see the
• 16:04
  Speaker 6: growth opportunities and technology and we have to really invest
• 16:09
  Speaker 6: in that. And let me go back to your your
• 16:10
  Speaker 6: other question about homeownership, especially when talking about past down
• 16:16
  Speaker 6: economics inheritance. One thing I also think we need to do,
• 16:19
  Speaker 6: and it's the work I've been doing in South Carolina,
• 16:22
  Speaker 6: is that we have to bring back financial literacy in
• 16:25
  Speaker 6: our in our schools.
• 16:26
  Speaker 7: Especially especially for our community.
• 16:28
  Speaker 6: I mean, uh, sometimes we're like first time homeowners and
• 16:33
  Speaker 6: and we don't really know all of the tax opportunities
• 16:37
  Speaker 6: and loopholes, and you know, not cheating on your taxes,
• 16:40
  Speaker 6: but realizing that you may need to hire an accountant,
• 16:44
  Speaker 6: and you know, for if your mama ain't had no
• 16:46
  Speaker 6: account and how do you know that that that that's
• 16:49
  Speaker 6: an important part of being an adult. So working with
• 16:52
  Speaker 6: financial literacy in our schools is vitally important.
• 16:54
  Speaker 7: We need to invest in that.
• 16:55
  Speaker 5: I agree, you know, it's interesting, right, because that's why
• 16:58
  Speaker 5: I like the Vice President's Opportunity Economy plan, because that's
• 17:02
  Speaker 5: the type of conversations that she's having.
• 17:04
  Speaker 1: That's those the type of conversations that she's been having.
• 17:06
  Speaker 5: And it always it bugs me out right because for
• 17:09
  Speaker 5: the longest, we always thought the economy did better under Republicans,
• 17:13
  Speaker 5: Like I don't know why that's the narrative, but that's
• 17:15
  Speaker 5: always been the narrative. But if you look the economy
• 17:19
  Speaker 5: all since World War Two, the economy has always done
• 17:21
  Speaker 5: better under a Democrat president.
• 17:23
  Speaker 1: Why isn't that messaging out there more?
• 17:26
  Speaker 3: I Richard was.
• 17:26
  Speaker 4: I know, I've heard you say this a number of times,
• 17:29
  Speaker 4: And what pays me the most in this entire election
• 17:32
  Speaker 4: is that we're down four or five points on the economy.
• 17:34
  Speaker 4: We should be up ten points on the economy. And
• 17:37
  Speaker 4: it's not rocket science. It's not just that you know,
• 17:41
  Speaker 4: as Bill Clinton pointed out, there have been fifty million
• 17:43
  Speaker 4: jobs created under the last few Democratic presidents compared to
• 17:46
  Speaker 4: one million jobs compared to created by the last a
• 17:50
  Speaker 4: few Republican presidents.
• 17:52
  Speaker 3: Is just look at the philosophy.
• 17:53
  Speaker 5: Eleven recessions, ten of them have been Republican presidents.
• 17:57
  Speaker 6: I think the problem to the saying, I think a
• 18:00
  Speaker 6: Democrats we tell the truth, and Republicans don't mind being dishonest,
• 18:04
  Speaker 6: and they'll take ownership and credit for the work that
• 18:08
  Speaker 6: we've done on a democratic administration in Congress, for example,
• 18:12
  Speaker 6: a perfect example is Trump with the stimulus checks, where.
• 18:17
  Speaker 1: It was it was a decisive yeah it was.
• 18:21
  Speaker 6: It was the Democratic Congress, Roll Connors, so many others
• 18:24
  Speaker 6: that that passed it.
• 18:26
  Speaker 7: And all he did was sign his name on the
• 18:27
  Speaker 7: front of it.
• 18:28
  Speaker 1: Good market.
• 18:30
  Speaker 4: But you look at it, you're unless, say you're twenty
• 18:32
  Speaker 4: five thirty years old, you're thinking, Okay, who's going to
• 18:35
  Speaker 4: help me build wealth in this country?
• 18:38
  Speaker 7: Now?
• 18:38
  Speaker 3: What what is Donald Trump? Actually?
• 18:40
  Speaker 4: I know he's got all this bs platinum plan. But
• 18:42
  Speaker 4: what is he actually offering? So he's going to give
• 18:45
  Speaker 4: you tax cuts if you've already made it, Okay, fine,
• 18:48
  Speaker 4: you're in my district. You got a job already making
• 18:51
  Speaker 4: millions of dollars.
• 18:52
  Speaker 3: He's going to cut your taxes. He's going to deregulate.
• 18:56
  Speaker 4: Okay, how does that help you as a twenty five
• 18:58
  Speaker 4: or thirty year old that he's going to cut regulations
• 19:01
  Speaker 4: for some of these businesses, that's what he's going to do,
• 19:03
  Speaker 4: and maybe he's going to put tariffs on for some
• 19:06
  Speaker 4: of the products. So how does that help you? How
• 19:08
  Speaker 4: does it actually help you build wealth? Now you look
• 19:10
  Speaker 4: at the democrats of the opportunity economy, what Kamala Harris
• 19:14
  Speaker 4: is actually going to do. She's going to make sure
• 19:16
  Speaker 4: that you have some shot of getting funding for your
• 19:19
  Speaker 4: business because you don't have the connections that Donald Trump
• 19:22
  Speaker 4: or his people have to New York or Silicon Valley
• 19:25
  Speaker 4: to get financing. She's going to actually make sure your
• 19:28
  Speaker 4: business plan gets a look and gets you funding. She's
• 19:31
  Speaker 4: going to make sure that we're investing in you and
• 19:34
  Speaker 4: your kids to get a credential so you can actually
• 19:36
  Speaker 4: get a good paying job in this country. Because Donald
• 19:39
  Speaker 4: Trump's not putting a dollar in actually getting you educated
• 19:43
  Speaker 4: or getting the credential for getting that job. She's going
• 19:46
  Speaker 4: to put financing to make sure that you get businesses
• 19:50
  Speaker 4: in your community, and that off the tremendous federal contracting
• 19:55
  Speaker 4: dollars that black and brown businesses start to actually get
• 19:59
  Speaker 4: a fair share, a fair shared, not a disproportion, to
• 20:02
  Speaker 4: share a fair share of those contracts. So I don't
• 20:05
  Speaker 4: understand why this is even a contest if you're just
• 20:07
  Speaker 4: looking at it from a person of like, who's going
• 20:09
  Speaker 4: to help me make more money? It's obvious that Vice
• 20:13
  Speaker 4: President Harris's and the Democratic Party is. And I there
• 20:16
  Speaker 4: was once a New York Times articles I said, Americans
• 20:19
  Speaker 4: love money. We should be the party that makes the
• 20:21
  Speaker 4: case of helping them make more money. People said, oh, bro,
• 20:24
  Speaker 4: this is too too crass, too crude. I was like, no,
• 20:26
  Speaker 4: it's not. We got a better plan. We got a
• 20:29
  Speaker 4: better plan for people to build wealth.
• 20:31
  Speaker 5: I think a lot of it is profiling too, though,
• 20:32
  Speaker 5: because when you think wealth, you think old white men,
• 20:36
  Speaker 5: and that's.
• 20:36
  Speaker 1: The Republican parties. And I think they taught business a
• 20:40
  Speaker 1: lot like they taught business. Democrats tend to talk people.
• 20:43
  Speaker 8: Well, that's because we've been we've been. Sorry to cut
• 20:45
  Speaker 8: you off, but we've been. That's how we talk in
• 20:48
  Speaker 8: a lot of our households too, Like we always are
• 20:50
  Speaker 8: so faith based, so much hope. You rarely like depend
• 20:54
  Speaker 8: on what household you And you might not ever have
• 20:55
  Speaker 8: heard your mom talk about her accounting money, you know
• 20:57
  Speaker 8: what I mean, Like depending on how you grew up.
• 21:00
  Speaker 6: And and it's and it's, uh, it's a challenge because
• 21:03
  Speaker 6: I talked to I got a buddy of mine that
• 21:04
  Speaker 6: I grew up with and and and he's like riding
• 21:08
  Speaker 6: on the fence whether he should vote for Donald Trump
• 21:11
  Speaker 6: or not, which is insane to me. And what he's
• 21:13
  Speaker 6: talking about is that this is the first time in
• 21:16
  Speaker 6: his life of him and his partner.
• 21:19
  Speaker 7: They're both doing really well. They're they're finally making six figures.
• 21:22
  Speaker 6: And they have this fake narrative that somehow the Democratic
• 21:27
  Speaker 6: Party is going to take away there there there, They're
• 21:30
  Speaker 6: they're gonna pay more taxes under Democrats, and that you
• 21:33
  Speaker 6: know that inflation hasn't actually settled under this current administration.
• 21:39
  Speaker 7: And so I'm having these conversations to.
• 21:40
  Speaker 6: Like, actually look at the policy, not what you're seeing
• 21:43
  Speaker 6: on on acts.
• 21:44
  Speaker 7: So what you're reading, like you know, reading on these
• 21:48
  Speaker 7: blogs or YouTube, and.
• 21:49
  Speaker 6: What they don't realize is that a lot of that
• 21:51
  Speaker 6: stuff is like this disinformation is like targeting specifically young
• 21:57
  Speaker 6: black men to like be apathetic and not vote or
• 22:01
  Speaker 6: or thank somebody that the Democratic Party aren't supporting us,
• 22:05
  Speaker 6: which which we have been or listening you know what
• 22:08
  Speaker 6: I mean, and listen to or talking to language that
• 22:11
  Speaker 6: we need to hear.
• 22:12
  Speaker 5: How do y'all feel? What we what do we a
• 22:14
  Speaker 5: week away from election day? How do you feel?
• 22:16
  Speaker 4: I'm hopeful, I'm optimistic. I think that you know, I
• 22:21
  Speaker 4: I believe the young people are going to come out.
• 22:24
  Speaker 3: And vote for for Harris.
• 22:26
  Speaker 4: I think this thing is overblown in terms of uh,
• 22:29
  Speaker 4: just that you would know more of about the black
• 22:31
  Speaker 4: vote Latino vote. I mean, I don't A lot of
• 22:33
  Speaker 4: the men I meet they're voting for her Black men
• 22:35
  Speaker 4: and a lot of Latino men are voting for her.
• 22:36
  Speaker 4: So I think that there she's going to win the
• 22:39
  Speaker 4: the Michigan Pennsylvania. Uh, it's gonna be close. But I
• 22:44
  Speaker 4: think the polls actually are underestimating her support. And you know,
• 22:49
  Speaker 4: you made a great point about this image of why
• 22:52
  Speaker 4: is it that we think traditionally of the Republicans as
• 22:54
  Speaker 4: the business party, because that's that's all that Donald Trumb's
• 22:57
  Speaker 4: running on. You know, frankly, if he had never had
• 22:59
  Speaker 4: a pre he never would have been president. Hates not
• 23:02
  Speaker 4: enough to become president. I mean, the Madison Square Garden
• 23:05
  Speaker 4: stuff wasn't enough. It's because he had fourteen years in
• 23:08
  Speaker 4: people's living rooms as being this business guy and the
• 23:12
  Speaker 4: Trump sign, and I think we've got to be Look
• 23:15
  Speaker 4: all the new Wealth, the technology, the innovation, all of
• 23:18
  Speaker 4: that's not being creating by the old class. It's a
• 23:22
  Speaker 4: whole new generation. It's a whole new group of entrepreneurs.
• 23:25
  Speaker 4: I consider you guys entrepreneurs. If that's the new Wealth,
• 23:28
  Speaker 4: that's the new innovation. And I fundamentally believe that's when
• 23:32
  Speaker 4: Kamala Harris say issues for the future, that's what she represents.
• 23:35
  Speaker 4: And I think that's the image that's going to prevail.
• 23:38
  Speaker 7: And I think it's going to come down.
• 23:39
  Speaker 6: And maybe I'm biased something from South Carolina, but I
• 23:42
  Speaker 6: think if we win North Carolina and we win Georgia,
• 23:45
  Speaker 6: we win. And I've had the pleasure of traveling. I
• 23:48
  Speaker 6: just got back from Nevada. I mean, I feel cautiously optimistic.
• 23:53
  Speaker 6: And everywhere I'm going, I mean, I'm in the uberb
• 23:57
  Speaker 6: and people is much. The more Donald Trump talks and
• 24:02
  Speaker 6: that's crazy stuff like he did here in New York,
• 24:04
  Speaker 6: the better Kama has has some I mean, I think
• 24:07
  Speaker 6: I feel good about it. I'm cautiously optimistic about it.
• 24:11
  Speaker 5: It's just interesting to me that, you know, with all
• 24:13
  Speaker 5: of the things Trump is that I don't even need
• 24:15
  Speaker 5: to run down his whole resume, but when I just
• 24:17
  Speaker 5: look at two impeachments, eighty eight criminal charges, thirty four
• 24:21
  Speaker 5: he was convicted of, to me, that alone should be disqualified, Like,
• 24:26
  Speaker 5: why isn't there anything that legally that prevents him from
• 24:30
  Speaker 5: even being on the ballot. I know they got the
• 24:34
  Speaker 5: the the section three of the fourteenth Yeah, yeah, but
• 24:42
  Speaker 5: Supreme Court shot that down.
• 24:43
  Speaker 1: Well, you know, I put up the Congress.
• 24:45
  Speaker 4: The people who let him off the hook were Mitch
• 24:47
  Speaker 4: McConnell and Kevin McCarthy. I remember telling to Kevin McCarthy
• 24:51
  Speaker 4: after we impeached Donald Trump in the House, and I said,
• 24:55
  Speaker 4: and Kevin McCarthy and Mitch McConnell are telling you about
• 24:58
  Speaker 4: how terrible it was what he did and six and
• 25:01
  Speaker 4: I said, well, this is the reason we've got to
• 25:04
  Speaker 4: convict him in the Senate. And I said, oh, Donald
• 25:06
  Speaker 4: Trump's done, He's not coming back. His numbers were thirty
• 25:10
  Speaker 4: percent in the polls.
• 25:11
  Speaker 7: Wow.
• 25:11
  Speaker 4: They didn't think he would ever come back.
• 25:13
  Speaker 1: Wow.
• 25:14
  Speaker 4: And they let the guy off the hook in terms
• 25:16
  Speaker 4: of if they had convicted him back then, he wouldn't
• 25:18
  Speaker 4: have been able to run. And it was the biggest error.
• 25:22
  Speaker 4: And I blamed the Senate for not having the guts
• 25:26
  Speaker 4: back then to convict him. But this point in the media,
• 25:30
  Speaker 4: which I've heard you make a number of times, is
• 25:33
  Speaker 4: absolutely right. I mean, no one they're asking Kamala Harris
• 25:36
  Speaker 4: every detail of every plan. I'm fine, but no one
• 25:40
  Speaker 4: is pointing out the fundamental point of the convictions and
• 25:46
  Speaker 4: the illegality and the total shocking nature of Trump's candidacy.
• 25:53
  Speaker 5: Oh, I want to ask you about the Section three
• 25:54
  Speaker 5: or fourteenth A minment because the Supreme Court, you know,
• 25:56
  Speaker 5: they say it's not up to the state when the
• 25:58
  Speaker 5: States are trying to take him off to the ballot,
• 26:00
  Speaker 5: not after the States is up to Congress. Congress would
• 26:02
  Speaker 5: have never done that because it was a Republican led
• 26:04
  Speaker 5: Congress at the time, right.
• 26:06
  Speaker 4: Was a Republican led Congress at the time, and the
• 26:08
  Speaker 4: Senate would never have done it, and the Senate was
• 26:09
  Speaker 4: not even willing to convict him of the actual charges.
• 26:15
  Speaker 4: And they all thought, by the way, McConnell, you asked them,
• 26:17
  Speaker 4: I'm sure it'll come out when their biographies. They all
• 26:20
  Speaker 4: thought that what Trump did was an impeachable offense and
• 26:23
  Speaker 4: convict them. But they said, why why should we upset
• 26:26
  Speaker 4: thirty percent off base because his numbers were down at
• 26:29
  Speaker 4: thirty percent? You know, why should we upset thirty percent
• 26:32
  Speaker 4: of our base when the guy's going to go away
• 26:33
  Speaker 4: anyway and we're going to have a new generation Nicky Haley.
• 26:37
  Speaker 4: Ron you remember Ron DeSantis was their big thing. They
• 26:41
  Speaker 4: all thought Ron DeSantis was going to win.
• 26:43
  Speaker 3: Yeah, they had written dot Trump off.
• 26:45
  Speaker 4: They thought Trump would go away quietly, and that's why
• 26:48
  Speaker 4: they didn't want to put their nexts out to upset
• 26:50
  Speaker 4: thirty percent of that base.
• 26:52
  Speaker 8: And now they think that because he never really went
• 26:54
  Speaker 8: away like he like Trump has always just been around
• 26:58
  Speaker 8: and doing things and same things. He never really went away.
• 27:02
  Speaker 4: I think it was naivete. I mean, they looked at
• 27:04
  Speaker 4: the poll numbers back then. Today Trump said forty five
• 27:07
  Speaker 4: forty six percent back then. You look at the pole
• 27:09
  Speaker 4: numbers right after January sixth, he was down at thirty
• 27:11
  Speaker 4: thirty two, thirty three percent.
• 27:13
  Speaker 8: But the fact that you would even have the power
• 27:15
  Speaker 8: to make a January sixth happen, you have to know
• 27:17
  Speaker 8: what you're dealing with, like he had. There's power in
• 27:20
  Speaker 8: numbers of people, and just by words, he did that.
• 27:22
  Speaker 8: So why would you think they're just going to disappear
• 27:24
  Speaker 8: and like take a nap while we fixed the world.
• 27:26
  Speaker 6: I think that's been the miscalculation of all of us
• 27:30
  Speaker 6: over the past almost ten years.
• 27:33
  Speaker 8: You Donald Trump, he thought he was gonna go away.
• 27:35
  Speaker 6: No, no, no, I think we I think we all,
• 27:37
  Speaker 6: we were all surprised that he even began president. And
• 27:41
  Speaker 6: I think we we we we too often have taken
• 27:45
  Speaker 6: him too lightly because he's a buffoon, and we say
• 27:48
  Speaker 6: it's no way, there's no way they're going to nominate him.
• 27:52
  Speaker 2: That he just waszman And I was at Hillary Clinton's
• 27:55
  Speaker 2: celebration party.
• 27:56
  Speaker 8: I knew, knew that.
• 27:59
  Speaker 1: I never believe there.
• 28:01
  Speaker 2: My kids were there, my family was there, And.
• 28:02
  Speaker 1: That's why I'm scared to go next week, dress and everything.
• 28:13
  Speaker 5: I think I think the biggest problem is that nobody
• 28:16
  Speaker 5: treats Trump like the actual threat that he is. The
• 28:18
  Speaker 5: d J didn't treat him like that, the media doesn't
• 28:21
  Speaker 5: treat him like that, voters don't treat them like that.
• 28:23
  Speaker 5: And so it's just like, yeah, if there's no consequences
• 28:27
  Speaker 5: to your actions, what what are we supposed to do?
• 28:30
  Speaker 6: And I think we also take for granted, uh, the
• 28:34
  Speaker 6: segment of the population that he inspires.
• 28:39
  Speaker 4: Uh.
• 28:39
  Speaker 7: And I'm you know, good people on.
• 28:41
  Speaker 6: That, but it's it's something about that sect that that
• 28:44
  Speaker 6: that thirty five percent that you're talking about, they're not
• 28:46
  Speaker 6: going anywhere. And if you have that kind of base,
• 28:49
  Speaker 6: especially going into a primary, you're I mean, you're well positioned.
• 28:52
  Speaker 6: And then so many other people of my colleagues, even
• 28:55
  Speaker 6: at the State House in South Carolina, just all keep
• 28:59
  Speaker 6: falling in line because they're so worried about their own
• 29:02
  Speaker 6: political futures and not about the country. And I think
• 29:06
  Speaker 6: all of us over these next what's seven eight days left,
• 29:09
  Speaker 6: we need to be aware of that.
• 29:10
  Speaker 7: And no one can sit home.
• 29:13
  Speaker 6: I'm telling all the brothers out there now that can
• 29:15
  Speaker 6: hear me, don't have a non vote, protest vote against
• 29:19
  Speaker 6: the Democratic Party. That we can't afford to do that
• 29:21
  Speaker 6: this time, and we just cannot afford to do it.
• 29:24
  Speaker 6: And after this election, whatever grievance you had, if you voted,
• 29:28
  Speaker 6: just you know, you know, and fail whatever, just take
• 29:31
  Speaker 6: it up with the elected officials and hold us accountable
• 29:33
  Speaker 6: once we get elected. Elect Kamala Harris on November fifth,
• 29:38
  Speaker 6: and then hold all of us accountable as elected Democrats.
• 29:41
  Speaker 6: I mean, that's really my call for the brothers out
• 29:44
  Speaker 6: there that can hear me.
• 29:46
  Speaker 3: And the media is scary.
• 29:47
  Speaker 4: I mean, look at all these people, these billionaires were
• 29:49
  Speaker 4: owning the newspaper Washington Polls. Yeah, suddenly they're saying that, well,
• 29:55
  Speaker 4: we may not want to endorse because Trump may win.
• 29:58
  Speaker 4: Now what is that vote in terms of the media
• 30:01
  Speaker 4: actually standing up to him if he wins. This is
• 30:04
  Speaker 4: the classic tactic of authoritarian leaders that they intimidate any dissent.
• 30:12
  Speaker 4: And it's not that people often wonder, well, how do
• 30:14
  Speaker 4: they get to power. It's not that people suddenly all
• 30:17
  Speaker 4: start rallying around them. It's that they get enough of
• 30:20
  Speaker 4: a base rallying around them, and they put enough fear
• 30:23
  Speaker 4: in everyone else to say, okay, we're gonna as long
• 30:26
  Speaker 4: as they don't come after us, we don't want to
• 30:28
  Speaker 4: get in the way.
• 30:30
  Speaker 2: All right, go out and vote, and we appreciate you
• 30:32
  Speaker 2: guys for joining us this morning, really do.
• 30:34
  Speaker 7: Thank you. You got an election coming.
• 30:36
  Speaker 6: Up too, right, Oh yeah, no, I'm on the ballot,
• 30:38
  Speaker 6: you guys. Jaymore stay representative.
• 30:41
  Speaker 2: Carolina South Carolina, and of course Representative.
• 30:45
  Speaker 4: I do too in California. And we got to win,
• 30:47
  Speaker 4: not just Mi set, we got to win four Democratic
• 30:50
  Speaker 4: House seats out of California to take back the majority
• 30:53
  Speaker 4: so we can have a Keem Jefferies as Speaker of
• 30:55
  Speaker 4: the House.
• 30:56
  Speaker 2: All right, well it's the Breakfast Club. Good morning, Wake that.
• 30:59
  Speaker 1: Ass in the morning. The Breakfast Club