The Ugly Truth About Our Economy

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I got an idea. I’ve been saying this for some time. Let’s let’s try socialism. Let’s try. Let’s try capitalism. We’re a capitalist country. We’re getting no we’re not. We haven’t been a capitalist country for a very long time. Next week, I’m going to actually even go back to the 1970s. We’re going to talk a little bit about the gold standard and productivity and the financialization.

of the United States and we’re going to get into that in great depth next week. But I’ve been beating this drum for a long time here on the program talking about corporatism, crony capitalism, crony capitalism is essentially socialism. We are more socialist here in this country than we are capitalist. That’s just the fact. We do it through different means.

We do it through regulations. We do it through the tax code. I’ve talked about this before here on the program years and years and years ago, I was talking about the regulatory code and the tax code and how that’s where all power lies in Washington, DC. This is how they’re able to raise money by writing regulations, writing in loopholes.

taxing companies, not taxing companies, how they collect. This reason why Washington DC is the wealthiest place in the country. It is. The amount of money that flows through there based upon this. I equated the tax code and the regulatory code. said it’s like the yellow sun for Superman. Superman gets all his power. Superman because of our yellow sun. And well, this is where Congress gets all his power. I remember talking about this.

Neil Bortz as well, one of my favorite talk radio show hosts. He used to talk a lot about having a national sales tax rather than an income tax. And if we had that, we had that. And I actually had this conversation with him. We were doing radio row next to one another. This was at the Denver. This is in Denver. This is when Obama was being

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being knighted at that point in time. But yeah, we had this radio where I’m talking about this. I said, you know, the reality is it’ll never happen because it takes all power away from Washington, DC. We had a national sales tax, fair tax pay at the point of sale. Again, you couldn’t hide. You spend money. You you pay. You get all the people that cheat, your drug deal, all that stuff. OK. But again, it won’t happen.

because this is where all their power lies. That’s why we don’t run a capitalist country. That hasn’t been true for a very long time. Yeah, sure, you get pockets of it within local communities. But I can break this down into everything. You take a look at the tariffs, and I’ve been talking about that for some time. I who benefits from this? Does Nike really get hurt by tariffs? Or does Nike’s competitor really get

hit by tariffs, he’d go right on down the list. More people starting to jump on board my bandwagon. I’m gonna, Steve Bannon, I don’t agree with him on a lot of stuff. Again, he was awful to the greatest governor I’ve ever seen, okay, in my lifetime. Ron DeSantis here in the state of Florida. mean, there’s no comparison. better governor than Ron.

DeSantis and quite frankly, I’m being honest here He should be in the White House Okay, you know Trump wasn’t my and I voted for him but Trump wasn’t my choice this time around It wasn’t my choice back in 2016. I never win. Okay, I’m a I’m an all-time loser when it comes to the people I want for a president. I wanted Ron Paul. I wanted Rand I never win

Okay, so we got Trump, but Steve Bannon, again, I don’t know, he’s got this allegiance to Trump. I don’t know what’s going on, but he actually echoed finally what I’ve been saying here for not years, but decades. These kids, he’s talking about the young people that came out to vote for Mamdami. These kids don’t hate capitalism. They’ve never had a shot at it. They’re at the receiving end of corporatism.

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just like the Russian serfs before the Bolsheviks. We need more capitalists. One way to give them capital is not just better wages, that’s income. Let’s get them a little buy-in to the financial structure of the country. And he was talking about reallocation at the time and I’m not a big believer in that, but you know, we talk about…

Various different pay packages that ceos get you know that people complain about this stuff. You know where this came from right? You you do know You do know that congress put a rule in you know You can only deduct a certain amount in salary and paying people in stock and all these things You can fix this problem like that Like that no, no, we don’t we’re not gonna we’re not gonna pay In stock the only people that would allow that buy if I was running the show again, but they would

that would definitely be dead. The bullet wouldn’t miss. Okay. If you tried this in today’s day and age CEOs, CEOs who are found an entrepreneur who founds a company. Okay. Yeah, they got shared. mean, that’s yours. That’s your baby. But I’m throw a great CEO as far as management is concerned with Jamie diamond. Jamie diamond should get a check in the same way that Shohei Otani.

gets a check. Joey Otani doesn’t get shares in a Los Angeles Dodgers. Aaron Judge doesn’t get shares in the New York Yankees. They work that way. They get paid. They get a salary. Get rid of any sort of stock compensation. You get a check like everybody else. You want to, you’re doing a good job, you like the company you work for, you buy your own damn shares. The only people

in my opinion, that should be getting shares, part ownership, are the workers. Are the workers in the company? If you’re in the C-suite, no. You get a check. You get a big check. Jamie Dimon should get a fat check every year that he has to pay freaking taxes on. Just like I gotta pay. Okay? I have ownership. I’m one third owner with my brothers of Markowski Invest, just us.

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Okay, we founded it. Okay, we found that I’ll never go public, whatever it may be. And again, private equity love to buy us right now, but we’re not selling and we never will sell to them. Okay.

The people that are working if you are a worker at Chipotle, okay Give them shares make that part of their compensation Give them ownership you rise to the top. Guess what? You’re getting a check you can afford at that point in time to buy your own damn shares problem freaking solved Problem solved

It’s just that simple. And I’m gonna do another podcast on Elon Musk’s PayPal. Again, we created this, Congress created this. This is why you have this concentration. Jeff Bezos? Jeff Bezos, why you gonna get mad at him and the type of wealth? He started freaking the company, okay? It’s his, okay? Those are his shares.

He didn’t pay anything now. Nothing, he’s got no salary. Those are his shares, okay? No problem with billionaires. You earn it that way. The problem is how we end up compensating people in today’s day and age. And I know some companies give stock compensation to some of their workers, but you know what? Take it away from the people at the top. Because then what we have, what we have.

Stock buybacks. I’ve talked about this at length here in the program happens all the time Oh coming to buy back stock. You’re buying back the executive shares often because they’ve got to sell right Either they’re borrowing against it or they’re selling at at some point in time. This is fixable But we’re not doing it These these are things that could be done today republicans should be doing this crap, but they’re so tied in Okay, and it’s been against such republicans democrats, too Okay

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You people you look to these people in Washington DC and for the most part I don’t say right now 98 % of them don’t give a damn about You take a look at how wealth how again it’s right in front of our eyes and again You watch this stuff in real time More often than not most of them you take a look at their resumes. They’ve never built anything. They never create anything They’ve never had to sign the front of a check. They don’t have to deal with all of the

regulations and crap that we have to. I’m gonna pull my hair out. I gotta do my continuing education classes. If not, know, Markowski Investments get in trouble. It’s the same crap every single year. I’m gonna have anti-money laundering classes that I’m gonna have to take, that I’ve taken. I I’ve gotta pay.

to take these classes. All this stupid nonsense. None of them have to deal with any of the crap that we here in the real world have to deal with. And you keep voting for them. And you take a look at how wealthy they become because of the tie-ins that they have and the stuff that they know, that the information that they’re privy to. off-ramp. Government’s gonna be paying for an off-ramp over here in

You know, bumfump, whatever, countries that were made. Oh, guess what? We’ll buy land over there. And I watched this in real time. I was at a this is years ago. It’s true story. This guy’s a jerk to fundraiser. This is here in Florida. Guys running for a visit for the house. This is going back to like 2000 and. I’m trying to remember 2004, 2005.

friend of mine invited me to meet this guy. And I’m talking with him and he’s discussing how he knows where the certain rest areas are going in the state of Florida on certain highways and how he was like buying in or partnering with some of the companies that were doing the construction. by the way, I’m like basically inside of trading, right?

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You’re basically taking advantage because you know where money is going. I’m like, it’s f’d up. It’s the entire system. We should be voting for people. This is how Congress should work, quite frankly. It should be a part-time job is what it should be. A weekend job. It’s kind like we have National Guard. You National Guard, you go and you serve a couple weekends. You should have a real job.

There’s no need for all the crap that we got going on. Again, you want to do it for a month or two, get everything done, Cram, okay? Allow these to have maybe a three-day work week. But you should have a job outside of what you’re doing in Washington, D.C. Your job shouldn’t be, because what do they do most of the time? Most of the time, they’re just raising money.

They’re raising money and yeah, they’ll send you a mass email. They’ll take your $10 donations and they pry, look at all the freaking donations. Have you ever taken a look at the type of, if you want to get a committee appointment, you want to gain any power in Washington DC, the type of money that you have to raise once you get there and you’re able to do it. You’re able to do it. I remember, Surge in front of mine.

He died several years ago, way too young. Talking about, you know, the phone calls that he would get. This guy was top eye surgeon, no joke, top eye surgeon in the country. The phone calls he would get on radio and he did very, very well. And one of the most successful, you know, not just eye plastic, I mean, they own office, they’re fantastic. you know, well, you know.

You’re not gonna get, the reimbursements are gonna go down here. This is gonna go down here unless you send me a check, unless you sent me a check. And we were at a birthday party, we used to do birthdays. Our kids were young at a park near my house and we’d do a bunch of them all together. And he’s like, Chris, they’re all whores. They are all whores. I’m like, I know.

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I know. They don’t ask me anymore because they know what my response is going to be and it doesn’t make any difference. It doesn’t make a difference. I remember we tried at Markowski Investments to just manage some money, government money, know, pensions and whatnot. They’re like, it doesn’t matter your performance, Chris. It matter how good you are at your job. You got to hire yourself a lobbyist.

Yeah, right. You know, not gonna happen. Not something that we’re gonna do. But anyway, as I get off the beaten track like I often do, it’d be nice. It’d be nice. And I tell young people out there, you know, this is not capitalism. It hasn’t been capitalism for a very long time. And like I said, I understand your frustration. I get it. Watchdog on wallstreet.com.