RCT Podcast

In this Episode Michael and new Co host Zack Lopez discuss an Ben Shapiro Reaction to the epidemic of obesity in the United States and how our society is being forced to cater to people that choose to live an unhealthy life style. The current social environment is cancelling Dave Chapelle and any one else that criticizes the physical attributes, and lifestyle choices of an individual and the government, along with social justice warriors are enabling people to maintain unhealthy lifestyles. We discuss how certain changes can be made in any ones life to make the healthier as well as reduce the financial burden their current lifestyle has. 

 

We also discuss how the current administration's agenda to increase the funding into the failing investment we all know as Social Security. Along with a far better incentive and alternative to Social Security that would increase wealth among ALL Americans, Increase retirement Income, provide a legacy for the family, and increase take home pay of all workers at NO extra cost to the employer or the tax payer. Re allocating the current 12.4% into a more efficient investment that is owned by the individual themselves is easily a better trade off than the current Social Security structure and We provide the Simple Numbers to show it. Also listed below is a link to the Social Security website  so you can check how much the government will be stealing from you to invest in a failing system over the course of your life time.

https://www.ssa.gov/cgi-bin/benefit6.cgi

Ever wonder how house members are selected to serve on different committees that  specialize in different topics and agendas? One would assume that experience would be the main requirement to serve as the chair of the Financial Services committee, but assuming makes an ass out of "u" and "me". The reality is that experience has nothing to do with it and money has everything to do with it. In this episode we take an in depth look at the substantial price tag and the extreme measures our elected officials will go just to be apart committee and how Republicans and democrats alike, are influenced by outside donors. Links to the sources of information are attached below.

https://www.govtrack.us/congress/bills/117/hjres14/details

 

https://www.brookings.edu/blog/fixgov/2017/07/21/problems-with-the-committee-tax-in-congress/

https://www.issueone.org/wp-content/uploads/2017/05/price-of-power-final.pdf

 

https://www.cnbc.com/2021/10/12/seaweed-could-help-cow-farts-contribute-less-to-climate-change.html?fbclid=IwAR14vRhItPTvAiQF0V0CklnZvXAl7QIsuRc0Sp2piTnDp3hyx4uuIcKD8wU

-Two contradicting studies are one by the Tax Foundation and one down by the White House. Both links are Below.

https://taxfoundation.org/publications/latest-federal-income-tax-data/

https://www.whitehouse.gov/cea/blog/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/

According top the white house study the average tax rate in the U.S was 8.2% from 2010-2018. They said their analyses differs from other studies because they narrowed down their data pool and they included “unrealized gains income.” This is basically a star way of saying we manipulated the study to make it seem like the rich aren’t paying their fair share. There is no such thing as “Unrealized gains income”

Quoted in the study, “In this analysis, we used publicly available data to estimate the average Federal individual income tax rate paid by America’s wealthiest 400 families, using a relatively comprehensive measure of their income that includes income from unsold stock. In our primary analysis, we estimated an average tax rate of 8.2 percent for the period 2010–2018. We also present sensitivity analyses that yield estimates in the 6–12 percent range.

There are multiple fundamental flaws with this study.

They are putting Net Worth and Income into the same category for tax analysis

When they say “families” they are not being specific. The Walton Family has a substantial fortune due to their business holding however, each member of the family is taxed at their own rate because they have their own income. You can not classify the entire family as whole when doing a tax study.

https://www.nytimes.com/2021/10/11/sports/football/what-did-jon-gruden-say.html

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Dr. Fauci documentary came out today on Disney+ and all I have to say is that he definitely funded research at the Wuhan Lab and helped create the China Virus. His new documentary came out today.

The NFL game last night was played in what looked to be a dome but some how had a lightning delay. Only In California can the stadium be wearing a mask but the state still says it is at risk. The funny thing is that they allowed fans in with proof of vaccination and no mask and a fan had a greater chance of catching COVID from a vaccinated person sitting next to the them than they did getting struck by lightning while sitting under a roof. However, fans were told to remain seated because it was safe but the players

The $3.5 Trillion legislation will call for all bank accounts over $600 to be monitored by the IRS. The average bank account balance in 2019 was $5,300 https://advisorsmith.com/data/average-savings-account-balance/

-This legislation is not trying to keep the rich in check, it is trying to control the populous as a whole.

-What transactions cost more than $600- Car payment, Rent or Mortgage Payment, Buying or selling a home, buying or selling a car, buying luxury items, Grocery Store trip depending on how much it is. Howe about a personal bet you had with one of your friends. How about a garage sale and afterwards you went a deposited the money in a bank account. How about ANY cash transaction where you are giving or receiving more than $600 and its not any of the governments business.

The Facebook Whistleblower is not a hero nor is it really news at all. She is basically telling us that Facebook won’t suppress the right even more because they fear losing profits.

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$3.5 Trillion Stupid Tax

Nancy Pelosi said that the $3.5 Trillion spending bill is actually $0 because it is paid for…. It’s not paid for yet and history shows it will never be paid for, only more and more debt will be taken out in the future to delay any payment. It will not be paid for because the Government does not know how to calculate where they will get the money from. If I am loaning money to someone, I would want to know exactly where the payments are coming from to ensure credibility. However if I was able to borrow from myself with no questions asked then I would not have the need to do its.

The Dems know that their legislation will be pushed onto the next administration. If it is democrat then they can keep going down the same path as they are now and delay their stupid expenses or increase taxes or whatever, If it is Republican then they will be able to put blame on the administration and use them as a scape goat.

When the government says “We are going to give you…..” They aren’t giving you anything, they are merely returning the money that you gave them.

- Even the most favorable analyses, such as one from the Tax Policy Center, a project by the left-leaning Urban Institute and Brookings Institution, find that “the bottom 80% of households pay more than one-quarter of corporate taxes.” This means that whatever they pay to the IRS, millions of Americans earning far less than $400,000 will still suffer a de facto tax increase under the Democrats’ proposed schemes.

https://www.nationalreview.com/2021/09/the-democrats-tax-hike-proposal-would-shatter-bidens-400k-no-new-taxes-pledge/?fbclid=IwAR0bVrmS_nQwtLxNWvQvd7zGUjG72R2cYHUJG7DwgYnEeSsptfWLGJg9MQc

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https://www.marketwatch.com/story/this-is-how-much-american-workers-saved-during-the-first-year-after-trumps-tax-reform-2020-03-03)

Lt. Colonel Stuart Scheller has been locked up for violating a gag order however General Milley roams free after committing treasonous acts in line with those of Benedict Arnold.

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The U.S Debt Ceiling- Why we should not raise the Debt Ceiling.

It is of my opinion that we should not raise the debt ceiling. Raising the debt ceiling is only taking out loans to pay for shit that we already have incurred expenses for and the largest being social security. I believe Social Security is the biggest mistake in American History and the most costly one. The Problem is that we aren’t raising the debt ceiling to pay for new programs, we are raising it to pay for current programs that were improperly mismanaged and calculated. The money was not there to begin with and it isn’t there now either.

https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP_per_capita

The GDP in the District of Columbia is 200,277 which is 2 times more than the next highest! Which is New York City.

The poorest states in the U.S have 4 times higher GDP per capita than China does and the Chinese economy is not that much smaller than the U.S.

When some one says that communism or socialism is the way to go and promotes equity and equality, they are wrong.

When tithe United States Economy collapsed during the great depression, it was able to rebuild it self within ten years and experienced one of the largest economic booms in history after world war 2. It was also able to rebuild it self in a few years after the financial collapse in 2008-2009 as well as last year during the pandemic. However when the Soviet Union and other socialist or communist countries go broke and collapse, they need outside countries to help rebuild them and only the ones that have adopted capitalism have been successful such as South Korea, Germany, and Japan. Hong Kong was also another great example of a successful capitalist entity that has only experienced issues as of late with Chinese intervention.

Venezuela, Zimbabwe, and South Africa (as of recently) are prime examples of poor leadership, going away from capitalist economies, implementing socialist and communist ideas and completely screwing up the growth and future of the nation.

In a world of scarce resources, life is like a card game. If you are playing poker or black jack, not every one is dealt the same hand, and it is the decisions you make with the cards that you are dealt, along with persistence that ultimately lead to success. However the rules of the card game have to allow for successful strategies to be implemented to allow for a chance to win.

These successful strategies would be equivalent to barriers to entry in the business world

Examples of barriers to entry are

Competing Businesses- The anti Trust laws combat businesses from growing to large and having complete control over a market. The government itself in a socialist or communist country would act as a monopoly.

Market Culture

Market Make up

Credit and Financing- Ease of financing and credit will allow for faster growth in an economy however there is a happy medium to this.

Operations and Supply Chain

Government Regulation- Licensing, taxes, legal processes to start the business. In my opinion this is the reason more people do not start a business. This can be a very complicated step. -The next would be Credit and Financing,

Socialist ideals include production for use, rather than for profit; an equitable distribution of wealth and material resources among all people; no more competitive buying and selling in the market; and free access to goods and services.

https://www.investopedia.com/terms/s/socialism.asp

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White House says that it is tired of people pointing out the border crisis.

The pictures of the Border Patrol on horseback detaining a Haitian that is ILLEGALLY crossing the border is seen as racist by the liberal media and against Human Rights.

Kamala Harris and Joe Biden both stated that there will be an investigation into the pictures and there will be consequences. They have also banned the use of horses by BP agents.

If the U.S is so racist then why do people risk their lives to come here? Why are black and brown people willing to break the law just to get across the border? Why would they not stay in their country where they are a majority race just to come to a country that is supposedly systemically racist.

4) Isn’t it Ironic that that Haitian and Hispanic people are willing to risk a run in with a supposed racist Horse BP agent just so stye have any opportunity to live next to said racist BP agent….. Why? Because the United States is not racist.

If the U.S was racist then it is still far better than being in whatever bum fuck country they are coming from and they know that!

It’s not that they don’t love their homeland, but they know http their homeland is not ideal and they know that the opportunities in the United States are 100x what they have currently. People are literally willing to live under a filthy bridge that is barely inside of the United States just to have a taste of freedom, but if you ask the liberal left, we are the most hateful, racist country in the world and we are treating them like slaves.

5) We are looking at a picture that is being taken out of context. But we are supposed to believe that it is exactly how we perceive it. So am I supposed to take the pictures of hunter Biden at face value as well?

A lesson in socialism

The Marxist definition of socialism is that of an economic transition. In this transition, the sole criterion for production is use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity.

https://en.wikipedia.org/wiki/History_of_socialism

Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. ... Socialists contend that shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society.

https://www.investopedia.com/terms/s/socialism.asp

The other problem with Socialism is that is is assuming that there is no corruption in the Government….. Yeah Right.

One of the cornerstones of Marxian economics was Karl Marx’s ideas around the labor theory of value. The labor theory of value argues that the value of a commodity is determined by the average amount of time needed to produce the commodity. An example of the labor theory of value would be if a t-shirt takes half the time to make as a hat, the hat would be priced at two times the t-shirt.

https://corporatefinanceinstitute.com/resources/knowledge/economics/marxian-economics/

Socialism reduces innovation because people are paid on time, hard work and output, innovation to make work easier or more efficient is a negative.

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It is Ironic that every Socialist and Communist countries formal name has democratic, republic, or both in it. For example, the DPRK (Democratic Peoples Republic of Korea.

Joy Reid “missing white women syndrome.” Joy Reid is mad that missing black people don’t get the same coverage as missing white people. Joy Reid is a TV host, why does she not talk about it her self?

3) For its part, the U.S. government has pledged to donate at least 1.1 billion doses of COVID-19 vaccine for global use by 2022 and has been delivering doses to countries around the world since June.1 To understand more about these donated doses and where they have been directed, we analyzed data from the U.S. State Department, COVAX, and other sources. We find that, as of September 20, 2021:

The U.S. has donated approximately 140 million doses2 to at least 93 countries (see Table 1 and Figure 1). The ten countries receiving the most doses include: Pakistan (15.8 million), Bangladesh (6.5 million), Philippines (6.4 million), Colombia (6.0 million), South Africa (5.7 million), Vietnam (5.0 million), Indonesia (4.5 million), Guatemala (4.5 million), Uzbekistan (4.2 million), and Nigeria (4.0 million).

https://www.kff.org/coronavirus-covid-19/issue-brief/tracking-u-s-covid-19-vaccine-donations/

4) https://inews.co.uk/news/world/military-equipment-left-afghanistan-how-much-us-helicopters-arms-taliban-control-black-hawk-1176117

5) The total income earned by Americans in 2020 was $19.68 Trillion. The government earns about $1.6 Trillion from Income Taxes paid. Why not get rid of Personal tax deductions and set a flat 10% income tax. This would equate to an almost 20% increase in income Tax Revenue. They should also charge an extra 1% on top of the local sales tax. This extra 1% would go to the federal government. It is my belief that doping this will increase tax revenue because it will ensure that Taxes are actually paid.

https://www.statista.com/statistics/216756/us-personal-income/

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This episode is all about the truth to the vaccine mandates and how they are totalitarian. Joe Biden is using the mandates to try and pin one class of person against another class of person. Joe Biden quoted "It isn't about your rights its about protecting yourself." I beg to differ. It IS about our rights and our freedom. It always has been and it always will be.

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Gabby Petito-

. If you watch the Police video it shows that she had been beating on him when they were fighting prior her death but a 911 call says otherwise! I also can say with almost 100% certainty that Laundrie is not alive in the Myakka State Park. The Florida wilderness is too harsh to live in on short notice for him to be alive out there. The authorities could easily find dry spots and pin point locations to search for him. He is probably long gone by now and his parents will more than likely be in trouble for aiding and abetting him.

2) Nicki Minaj- Why do pop cultures feel the need to speak out against cancel culture? Because free speech is what drives the pop industry. Pop artist talk out things in their lyrics that are almost incinerating to them and if they are cancelled then they will have no industry. Pop culture is finally starting to realize that the left politics are not going hand in hand with their industry and could be very detrimental to their way of life.

3) https://www.cnbc.com/2021/09/20/what-the-federal-debt-ceiling-showdown-could-mean-for-you.html

Increasing the debt ceiling means that the U.S government is going to take on more debt by issuing new bonds. For Investors to purchase these binds they need to have a higher interest rate. An increase in interest rates could have a negative short term impact on the stock market.

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