May 31, 2024 • 25 mins
Today on Financial Fridays with Tony K, Tony leads listeners down a rabbit hole of how California has become a terrible place under the thumb of politicians & financial policies. CANNABIS TALK 101, “THE WORLD’S #1 SOURCE FOR EVERYTHING CANNABIS”, MADE GLOBAL HISTORY BY BECOMING THE FIRST CANNABIS SHOW TO PARTNER WITH IHEARTMEDIA, ON 4/20/2020. THANK YOU FOR LISTENING & WATCHING CANNABIS TALK 101 WITH CHRISTOPHER WRIGHT, AKA "BLUE" THE CEO AND CREATOR OF CANNABIS TALK 101 AND THE CANNABIS TALK NETWORK. & JOE GRANDE, FORMER CO-HOST ON BIG BOY’S NEIGHBORHOOD ON POWER 106 FM, ON-AIR WITH RYAN SEACREST ON 102.7 KIIS FM IN LOS ANGELES AND THE DOG HOUSE IN THE BAY AREA ON WILD 94.9 KYLD. FOX SPORTS, NBC SPORTS. FINANCIAL FRIDAYS WITH TONY KASSAEI, THE INSIDE INVESTOR, 40 TONS TALK, WITH ANTHONY SLIMBURG, CHRONIC HISTORY WITH HISTORY CONNOR V. TOKING WITH THE STARS WITH CHUCKIE & MARTY, & ON YOUTUBE, IHEARTRADIO APP, SPOTIFY, & APPLE PODCASTS.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
After twenty two years of being a titan on Wall
Street and start in his own firm.
Speaker 2 (00:05):
Tony Kasai get is walking away?
Speaker 3 (00:07):
What this said?
Speaker 4 (00:08):
The Ugly side, Hooky.
Speaker 5 (00:09):
And only Inside.
Speaker 2 (00:11):
We'll interview insiders and other titans of all types of industry,
offering advice and sharing stories of adversity.
Speaker 6 (00:19):
This is another episode the Inside Show.
Speaker 4 (00:22):
Welcome to Cannabis Talk one on one's Financial Fridays with
the Inside Investor Tony k We're the world's number one
source for everything cannabis.
Speaker 7 (00:31):
The information provided by Financial Friday and Tony Kasai is
for general information entertainment purposes only and should not be
considered as professional financial advice. Consult with the professional before
making any financial decisions.
Speaker 1 (00:43):
Yo, I don't know worry out what you're doing or
what date of the week it is for you. But
over here at the c T one oh one, iHeart studios,
ladies and gentlemen, it is Financial Fridays for us. I'm
Tony Kay. You're an insider investor and I'm here to
get your mind right and your money game.
Speaker 3 (00:56):
Type You're hearing on the world.
Speaker 1 (00:58):
Famous Cannabis Talk one on one with My boys Blue
and Joe Grande the world's number one source for everything cannabis. Now,
feel free leave me a financial question anytime at one
eight hundred and four twenty nineteen eighty and you can
always find me on Instagram.
Speaker 3 (01:10):
At the Insider Investor.
Speaker 1 (01:12):
Please make sure it follow the show on YouTube at
Cannabis Talk one on one.
Speaker 3 (01:16):
Make sure if you'd like follow, subscribe. Guys. That's what
keeps us on the air. And of course now you
all know that.
Speaker 1 (01:20):
I created financial Fighting because after twenty years of being
a Wall Street insider, I got sick and tired of
watching people get screwed out of their money.
Speaker 3 (01:27):
And in fact, that's what today's episode is about. Guys.
Speaker 1 (01:31):
One of my biggest secrets of money, by the way,
is that taxes end up being an April problem. Everybody
rushes around right around April or October if you're a
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give you a secret. Taxes should be a year round
issue that you address. That is where you save the
most money. Especially as a business owner of ten ninety
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(02:10):
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I'm kind of pumped up. I'm gonna heat it today
because I saw some shit on the news that just
made me blow my mind. Today's episode is California is
(02:30):
turning into a shit show. Y'all. Listen up, dude, Like
you know, I've already done a bunch of episodes on
Elon Musk. I'm a big fan of my electric car.
I've had Porsches, I've had Maseratis, BMW's Mercedes. That was
the first car I bought that I didn't have buyer's
remorse on right and I do happen to like Elon's politics.
I like the way he handles himself, and it's so
I'm I'm a fan if you would say, right, And
(02:51):
I know that's not too popular with a lot of
my friends, but that's.
Speaker 3 (02:54):
How I rolled.
Speaker 1 (02:55):
However, California and its infinite wisdom has decided you guys
are going to believe this. In fact, I was talking
to Jennifer, our social media guau over here and I
was like, jen you know, this is the episode I'm
doing today and she says, man, I saw that in
the news and I thought it was fake.
Speaker 3 (03:12):
And guys, this is not fake.
Speaker 1 (03:13):
This is how absolutely batshit crazy California has gotten.
Speaker 3 (03:17):
Let me tell you what's going on.
Speaker 1 (03:18):
So right now, and if I go to any intersection California,
about half the intersection is going to be either Tessa's
other electric vehicles, et cetera, et cetera. Here, we had
massive tax credits. I think when I bought my car
it was like fifty five thousand dollars out the door.
I ended up going down to thirty eight thousand because
of the federal of the state, the Edison.
Speaker 3 (03:36):
Everybody was just giving me free money. It's unbelievable.
Speaker 1 (03:38):
It's still like that today, right, So they're pushing everybody
over to the EV cars now, regardless of what your
opinion is on that. For me, it became all right,
look I like the car, but more importantly, gas out
here when I bought my car was approaching six bucks
a gallon, and if you're not in California, you think
that's nuts. Right now it's about four fifteen. We think
that's cheap, guys. Okay, these weird rules out here where
(04:01):
they were trying to save the smog situation, so they
mix the gasoline with ethanol, and there's all these little
weird things they do during the summer and winter. So
they have shut down refineries at least that's what they say, right,
But then they have about eight billion dollars a year
that they spend in California on the roadways, so about
fifty to sixty cents. Don't quote me on that, but
a big chunk of every gallon of gas that we
(04:22):
spend here in California is being used to fix the roads,
the bridges, and basically caltrans and fuel. Right, So here's
what California realized, Connor.
Speaker 3 (04:33):
Are you ready for this?
Speaker 5 (04:35):
Laid on us.
Speaker 1 (04:35):
Tony all right, hey dude, I mean I'm still like
speechless over there. So now that they got us all
over to Evie's telling us it's going to save us gas,
it's going to save the climate, et cetera, et cetera.
They ran out of money for the roads now, so
run this clip, Connor. I can't make the shit up.
Speaker 8 (04:55):
I can't even is now planning on taxing citizens thirty
cents for every mile you drive. With more than.
Speaker 9 (05:01):
Thirty million registered passenger vehicles in California, the state says
it shills out more than eight billion dollars a year
to maintain the roads those cars drive off. Just so
many Californians now own electric vehicles, the gas tax money
is starting to dry up, which is ry. Kyletrans wants
to instead charge drivers per mile and is now enrolling
(05:24):
people in a six month pilot program to test out
the concept.
Speaker 8 (05:28):
The state of California is now planning on taxing citizens
thirty cents for every mile you drive. They claim that
they aren't making enough money from gas taxes because of
all the electric vehicles. The decision from the California government
to plan on taxing citizens thirty cents for every mile
you drive has garnered controversy. Commenters claim that you get I.
Speaker 1 (05:49):
Mean, you know what this means, right when they say
pilot program, guys, that doesn't mean they're going to test it.
They're just right now seeing how many people get all
freaked out and how much vote are going to push
back on them, right, And these guys are strategic. You know,
they dropped this news on a Friday. They've buried it.
Nobody here knew about it, you know, I think Jena
is the only one. And this is something that right
(06:10):
now means that eventually they're gonna do what they're doing
in New York. New York's doing the same thing because
they lost so much money with Uber coming in and
the taxis what they're now talking about is every person
that ever crosses that bridge has to pay a toll
just to drive in it and out of the city.
Every car that drives in and out of that city.
So this is a spiraling effect, ladies and gentlemen, of
(06:32):
what's been going on in this country for the past
at least four years, if not decades, going back of
just legislation and buying votes. That's what this is all about.
And I'm not into politics anymore. I'm just tired of
all the bs that I see out there when it
comes to politics. I'm tired of watching my hard earned
money go out the front door.
Speaker 3 (06:51):
You know it.
Speaker 1 (06:52):
Don't even get me started. And this is kind of
off topic, but just to give you guys an idea.
Every day in California we're getting hit with some new shit.
Just the other I was reading that for the homeless
problem in Santa Monica, they took some beachfront property, have
converted it and zoned it now for affordable housing or
homeless basically housing.
Speaker 3 (07:11):
Right, But when you look.
Speaker 1 (07:12):
At the value of that land, each one of those
units is going to cost about four million dollars to
house one family. I mean, it's insanity what they're doing
to us out here, right, And all of these special
good feeling shit that they put out there for you guys,
whether it's the Republicans or Democrats, there's always just strategic
reason behind it. And right now, this is buying votes.
(07:33):
They were pandering, but they got caught right with the
EV market, with the EV push. They were bowing down
to the climate change, the green New Green Deal, whatever
it was that Bernie wanted to do. But when they
put out these feel good things, I'm all about the climate.
I don't want the climate to change, but I do remember, guys,
and if you're probably born in the mid seventies, you
(07:53):
remember this. When I was going to school, the fear
that they were pushing on us, guys, was that the
climate was going to be frozen, that it was going
to get too cold.
Speaker 3 (08:01):
And it was.
Speaker 1 (08:01):
It was that the climates are going to get too cold.
Then it became global warming, and then they were like, well, shit,
that's not working, and now it's just climate change.
Speaker 3 (08:10):
Now.
Speaker 1 (08:10):
I'm not a scientist, guys, and I'm not making any
claims one way or the other. But one thing after
all these you know, I'm now about to turn forty seven, Connor,
But what I know from when I was a kid
up until the house, every time the government tells you something,
there's a bigger attenda.
Speaker 3 (08:24):
They don't give a shit about the climate.
Speaker 1 (08:26):
They don't give a shit about rising ocean temperatures, and shit, you.
Speaker 3 (08:30):
Know what I mean?
Speaker 1 (08:30):
This is all a way to kind of garner votes,
to do one way to meet the other.
Speaker 3 (08:35):
You know, I gotta take a break. Is this shit's
just working me up?
Speaker 10 (08:40):
Right.
Speaker 1 (08:41):
I mean, if you're listed right now, like being driving
an electric vehicle, you live in California, I just don't
know how this can't be driving you done. I'm gonna
take a break, but when I come back, I'm gonna
talk to you about the minimum wage disaster that we
have going on here in California. We'll be right back
here on iHeartRadio CTM one and one Financial Flag.
Speaker 4 (08:58):
We'll be right back with the Financial Friday five on
Cannabis Talk one on one's Financial Fridays with the Insider
Investor Tony K. Welcome back to Cannabis Talk, one on
one's Financial Fridays with the Insider Investor Tony K. It's
(09:20):
now time for the Financial Friday five.
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Now we're back here Financial Fridays on CQ one to
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Speaker 3 (10:02):
Listen up.
Speaker 1 (10:03):
Before I left, I was gonna talk to you now
about the second element.
Speaker 3 (10:06):
I'm good. I probably have a list of thirty items,
but we're gonna run out of time. We're doing a
quick show today.
Speaker 1 (10:10):
But the minimum wage fiasco that we've now founded investment.
By the way, guys, again, I've voted, you know, just transparency.
Speaker 3 (10:18):
I've voted for all the parties. I voted for Biden.
I'm sorry.
Speaker 1 (10:21):
I did not vote for Biden. I did vote for Obama.
I vote for Schwarzenegger. I've voted for other parties. So
I'm not politically oriented. I'm just a realist. Right and
what's happening that there's a monster that we have in
California right now? This is Gavin Newsom guy, and even
all my Democrat friends agree that this guy's just a
fucking lunatic. Right, I'm not supposed to curse no more
(10:41):
on the show to help our algorithms, but we'll bleep
that one out.
Speaker 3 (10:44):
You guys.
Speaker 1 (10:45):
I call him mister hair Jail. Mister hair Jail. Okay,
most people don't know this. The dude is Nancy Pelosi's nephew.
All right, this is again nobody talks about this shit.
Nancy Pelosi, who's a government employee right making at max
two one thousand a year, has a net worth of
over one hundred million dollars. Guys, how the hell did
she make that? Well, let me tell you, these people
(11:07):
are all When I talk about Wall Street being rigged,
this is their rigging game, right. I mean, I can
tell you countless stories of where they're making rules on
legislation in Congress and then they're buying or selling the
stocks associated with these rules. That's how all these assholes
are getting rich. You know, even going back to the Clintons, guys,
the Clintons for forty years, they've been civil servements, giving
(11:28):
back to the community. All this shit, right, they have
a net worth of over one hundred and fifty million dollars.
You don't get that by doing speeches and writing books.
Trust me, I write off right there. You know what
I'm saying. Well, then no, there's the Clinton Foundation too.
And again, guys, Trump's no different. I mean all of these. Now,
Trump's different in a sense that he's just kind of
just put a wrecking ball to the whole system. But
(11:48):
you know, going back to the Bush era, going back
even before that, so this is not unique to you know,
Biden or Obama or Trump or whatever. And again, I'm
not into politics. I really just want to wake people.
We'll have to figure out, just ask the hard questions. Now,
look at this. This is another example of how they're
buying votes. Right about a year or so ago, mister
(12:09):
Harejel came out and he said, hey, listen, all healthcare workers,
no matter who you are, you could be a janitor,
you could be the cash here. If you're working in
any kind of health care facility, the new minimum wage
has to be twenty five dollars.
Speaker 10 (12:22):
Right.
Speaker 1 (12:23):
Oh, they came out on TV, they celebrated it. You know,
this is going to ensure healthcare for all. Blob blah blah.
Look what happened to mister header Joe play that n
next clip, Connor.
Speaker 11 (12:35):
Skimblank to delay the state's higher healthcare minimum wage that
is scheduled to start June first, According to The Wall
Street Journal, by twenty twenty eight, the bill, which Newsom
signed back in October too much fanfare, would require all
healthcare facilities, including janitors, to be paid at least twenty
five dollars an hour. The Wall Street Journal's editorial board wrote, quote,
(13:00):
the state's budget deficit has ballooned to forty five billion dollars.
Mister Newsom projects that the new healthcare minimum wage would
cost the state four billion dollars more a year, owing
to higher Medicaid costs and compensation for workers at state
owned facilities. Legislative analysts warned about these costs, but mister
(13:21):
Newsom had warned able anyway, Mister Newsom is proposing to
tie healthcare workers increases to the states.
Speaker 1 (13:29):
Several funds sent state to buy votes now from the
healthcare center, from the healthcare workers, and the healthcare unions,
and to get on TV and say I'm helping a
janitor that works at XYZ hospital make twenty five dollars
an hour. He failed to look at the real numbers.
He failed to listen to his economists, to his accounts
to the people actually crunching the numbers. He failed to
(13:51):
see that. Okay, shit, if I do this right now,
it's going to cost because all those healthcare workers that
are working at a state owned facility now have to
be given healthcare through medi Cara Medical.
Speaker 3 (14:01):
Right.
Speaker 1 (14:01):
So now what he doesn't realize is that by tying
that to the to the minimum wage, he's now going
to have another four billion dollar deficit.
Speaker 5 (14:08):
I think he knows. He just literally doesn't He doesn't care.
Speaker 10 (14:10):
Well. My prime example is is like everyone in San
Francisco when Jijingping came out and visited, everyone in San
Francisco is like, why the hell is San Francisco actually
clean now? And there's they shipped all the homeless people
out to Daily City or something. And then people are
asking him in like a public interview, press conference, yo,
(14:31):
why is it clean? He's like, oh, you know, Gijing
Ping came in town, I got to clean up. And
so he's like self aware of it. He's trolling the
public about he.
Speaker 1 (14:39):
Literally doesn't care. You remember during during the pandemic, they
were like, you can't go out, you can't do anything,
you can't do anything, And then he was eating at
that French restaurant that's like eight hundred bucks a plate
for brunch or some shit.
Speaker 5 (14:49):
And he had his kids in private school, the only
one left open.
Speaker 1 (14:52):
One Nancy Pelosi was caught on camera going in getting
her haircuttered a salon and then his moment they get caught.
Oh yeah, well, you know that's just what we owned
the restaurant, or we bought out.
Speaker 10 (15:03):
Stud and she like during the pandemic, Sacramento has a delta, right,
I'm from the area, and she would take her friends
and her big old security guard and go out in
the delta and booze on some high noons. And they
got caught. And you know, it's just you're the only
sorry they got caught. You know, their winery is the
(15:23):
only ones that stayed open during the pandemic. Their kids
school the only one that stayed open during the pandemic.
Like this dude is a bond villain and he doesn't
care any knows. So it's just, you know, between a
rock and a hard place, and.
Speaker 1 (15:35):
Pull up the real numbers guys, and you know the math.
I'm a numbers guy right when it comes down to it,
just money doesn't lie, it's traceable.
Speaker 3 (15:42):
You can find it. You can figure it out.
Speaker 1 (15:44):
California when Newsom came in, had I want to say,
like a twenty billion how much was there a surplus?
When he came in, California had a budget surplus surplus meeting.
Speaker 3 (15:54):
We had extra money. They didn't know what the hell
to do with it.
Speaker 1 (15:56):
They started giving it out to citizens and passing it
out and take tax refunds and all that shit. Right,
except there's one problem. Now we have a forty six
billion dollar deficit. That's why they want to charge us
for gas. That's why they're increasing taxes on everything.
Speaker 5 (16:10):
Ninety seven point five billion certain plus.
Speaker 1 (16:12):
You guys, ninety seven call it one hundred just to
make the math easy, right, one hundred billion to He's
now got a deficit of forty six billion, call it
fifty billion. That's one hundred and fifty billion dollars swing, bro,
that's more than the GDP of most fucking countries.
Speaker 3 (16:27):
You know.
Speaker 1 (16:27):
And for this one guy, with all of his policies.
You really want to lose your shit, just google homeless
solutions from Gavin Newsom California. I mean, what they do,
they'll they'll they'll raise awareness and they'll raise money and
they'll do these bond initiatives, which is going to cost
the next generation more money. And then what happens is
they'll bring in their buddies who are going to do
(16:48):
studies and architectural reviews and impacts of reviews.
Speaker 5 (16:53):
It's a big old pr statement.
Speaker 10 (16:54):
Of course, it is likensol like it's just you know,
face value of you see the press conference and then
you know, you go and see it for yourself and
it's just like degenerative to a point where you know,
it's you know, unrecognizable to what we know as California.
Speaker 1 (17:10):
And you made a great point, man, I you know,
they really don't care the number for him, the numbers
don't matter.
Speaker 3 (17:15):
They'll gloss over him. This is all about divide and conquer.
Speaker 1 (17:19):
The only political thing I do believe in is that
this entire system, and that's why it was really controversial.
I got a lot of hate mail for it, but
I said, look, I'm just not voting anymore. I refuse
to subscribe to a system that's rigged. And when I
say rigged, this isn't like TV rigged or politics rg
It's rigged when you only have two players. When you
look at what they're doing to RFK right now, or
(17:41):
what they did to Bernie Sanders on that side, it's
like they push all these third parties out. It's the Democrats, Republicans.
It's a ping pong, but they really don't give a
shit who wins because they know eventually they'll be back
in power.
Speaker 5 (17:51):
Well, it's just this exactly.
Speaker 10 (17:54):
It's the chess game for him in California is the
initial step into becoming president. So he's creating a problem
that he's going to go running campaign for and say
he's gonna fix.
Speaker 5 (18:02):
Right Like, that feels like how it's gonna go.
Speaker 3 (18:04):
You nailed it.
Speaker 1 (18:05):
I mean, right now, we all know that most likely
ninety percent chance Biden's not gonna make it to the elections.
Speaker 3 (18:11):
Right now.
Speaker 1 (18:11):
What's going to happen is we already know mister hare
Gerill right now is first in line, and right now,
with all the nasty shit the Gavin has done to California,
he's still in line to take that throwne in my opinion,
right regardless, Again, guys, what you think about the politics,
this is math.
Speaker 10 (18:26):
Is just going to read the trail of what you
know his past actions. That's all we're talking about.
Speaker 1 (18:31):
Here is this is, you know, I joking, I jokingly
call it now the Socialist Republic of California. That's what's
happening here. Regardless of what your political beliefs are, you
cannot deny the math of what this man has done
in the time.
Speaker 3 (18:43):
That he's been in office.
Speaker 1 (18:44):
To go from one hundred billion dollar surplus to fifty
billion dollars left to say, one hundred and fifty billion dollars.
Speaker 3 (18:49):
Sleep, that's got to be your record. I don't even
say presidents.
Speaker 10 (18:51):
And countries are bro real, and I think it's a
testament to how turbulent has been that you know, there
is a referendum to almost have him, you know, taken
from his position in California like that rarely happens in
such a blue state.
Speaker 1 (19:07):
And think about how much he had already shipped on
the state and then for him to even not for
us not to win that recall election.
Speaker 3 (19:14):
I mean, it's just my and guys. When you don't
live here, you may think it's hyperbole or if we're.
Speaker 1 (19:18):
Exaggerating, even my hardcore Democratic friends, like what the heck
is going on here? Guys?
Speaker 3 (19:23):
This isn't about politicans about your money. It's about reality.
Speaker 1 (19:26):
Now, when we come back here on Financial Fridays, I
want to talk about the third way that California is
turning into a shit show, and that's our minimum wage
for the fast food industry.
Speaker 3 (19:34):
We'll be right back here on Financial Pridce.
Speaker 4 (19:35):
We'll be right back with more Financial Fridays with the
Inside Investor Tony K. Make sure you follow Tony at
the Insider Investor. Welcome back to Cannabis Talk one on
one's Financial Fridays with the Inside Investor Tony K. Make
(19:57):
sure you like, follow and subscribe to the show.
Speaker 1 (19:59):
Now, you guys haven't seen the ladiest edition with the
Cannabis Talk magazine. It has some great articles, some very
cool stories in it. Hit yourself a hard copy today
at your local dispensary smoke shop. If you don't have it,
help us hit me up. I'm gonna send you a
copy on me. It's Cannabistalkmagazine dot com.
Speaker 3 (20:14):
Subscribe now. Super proud of you guys.
Speaker 1 (20:17):
Now we're back here on CT one on one's iHeartRadio's
Financial Fridays. Hi, mom my mom just showed up from
the studio.
Speaker 3 (20:25):
Had to kind of talk to her about that.
Speaker 1 (20:26):
So you guys before we left, we were talking about
the minimum wage here in California.
Speaker 3 (20:31):
And what's going on with the fast food industry.
Speaker 1 (20:33):
Now. On the surface, listen, man, I've worked at Little Caesars,
I've worked at TGI Fridays, I've worked at Target. I've
been a minimum wage employee. I know what that's like.
So on the surface, all of these role pandering to
voters sounds good, but love for what happens again to
mister hair jail, go ahead and play that.
Speaker 3 (20:50):
Cliff carn.
Speaker 2 (20:55):
Is, My workers way did this, But what they really
did was lose nearly ten thousand fast food jobs.
Speaker 9 (21:06):
Pizza Hot preemptively laid off twelve hundred delivery drivers like
Michael o'hada.
Speaker 3 (21:10):
What's the point of the rays if you don't have
a job anymore.
Speaker 6 (21:12):
The new law also caused prices to rise. A report
or ask Governor Newsom.
Speaker 9 (21:17):
Can Californians expect the prices of their McDonald's and Starbucks
to go?
Speaker 3 (21:21):
I've heard that rhetoric before and it didn't happen.
Speaker 6 (21:23):
But it did happen in this case. Even before the
new minimum took.
Speaker 9 (21:27):
Effect, McDonald's, Chipotle, and Starbucks already saying they planned to
raise prices to offset the rising labor costs.
Speaker 6 (21:34):
And there was other damage. Some restaurants said.
Speaker 2 (21:37):
We're no longer hiring, so we're not growing in the
state anymore.
Speaker 6 (21:40):
Others just closed. The owner of this restaurant texted.
Speaker 5 (21:44):
I couldn't survive the mandated wage increases.
Speaker 2 (21:46):
And now that the twenty dollars minimums take an effect,
restaurants in the state have increased prices by ten percent
faster than all other states.
Speaker 1 (21:55):
Wow, I mean, guys, the proof is in the pudding, right.
You can't make this stuff up. So he comes out,
he goes and does this press conference. So what did
he say. It's rhetoric, they called it. They literally pee
on you and tell you it's raining. It's rhetoric. You, guys,
go through any restaurant, any fast food, any grocery store.
You're telling me that shit's not at least ten to
twenty percent more expensive. How is that possible? How do
(22:18):
these people just stare at us and light to us.
They literally pee on you and tell you it's raining. Guys,
I mean that stuff works. Mean, now, have a lot
of friends in the restaurant industry, and guess what's happening.
You go to a taco bell right now, I think
I want to get a couple of coffee to McDonald's.
There's only one employee in there, and everything else is automated.
The touch screen is automated. I think there's a McDonald's
(22:39):
I saw up somewhere in California, and what they're doing
is they're actually automating. The entire McDonald's is run by robots.
They have one human that just kind of supervises, but
you never have a human interaction. Your food comes out
in a box. Everything is made by robots, and that
is the future. That's why Elon's talking about. You know,
he does something controversial as people think he's sow to
(23:01):
the right or the left. What Elon came out and said,
he said, guys, we will have to in this country
and able to minimum income. What do they call it, connor,
there's a word they use for but basically a minimum
income requirement, a minimum you get a check. Basically there's
a there's a threshold that everybody has to get a
check just to be able to survive in California because
(23:22):
all the layoffs that are going to come from AI
and automation. So without kind of digressing to that point,
the minimum wage thing that came out, And if you
saw the very first clip, the clip early on that
we just played, they were celebrating. Those are union workers,
those are people lobbys. Oh we did it, we did it.
They got a bunch of fast food workers in the
back clapping, cool, you made an extra four bucks an hour.
(23:43):
But guess what, most people that work at a McDonald's,
what do you think they eat?
Speaker 3 (23:47):
Connor?
Speaker 5 (23:48):
Probably something of the same ill.
Speaker 1 (23:50):
McDonald's, pizza, hut, KFC, et cetera. So the same workers
you're trying to help. You saw it on the clip.
The gentleman's like, hey man, so now I got to
pay more money for the same shit that you're trying
and say that I'm getting paid more on and guess
what when you get paid more, what happens you're paid
more taxes. So really this is a double win for them.
They get to go online, they get to go on
air and say, hey, listen, we're helping the minimum wage workers,
(24:12):
when really they're burying everybody in California. Guys, California is
a beautiful state. But what's going on right now California
is turning into a shit show. So it sounded like
an angry episode tomorrow. I kind of listen to myself.
But we're gonna wrap this up here today, guys. Before
I leave, I do want to say a sincere happy
birthday char new Gemma you guys. I'm not even going
to spoil the secret about who Jema is. You guys
(24:33):
are gonna find out here an upcoming episode, but I
do want to wish her an happy birthday. I also
want to think I'm taking on that one. I want
to thank everybody here in the studio, Adrian, Amy, Mondo,
Mary Mikaela, Jenna, Daniel Diego, Andre Lacy, Stacy Logan, Gary Carly,
Kylie Connor, Pitt, Klara, Ali, Tony, Tony En Ruvie, Chris Francito,
Jennifer Erica and Elvis. Now you guys, thank you for
(24:54):
listening to Fridays and Fridays here on Cannabis Talk one
on one.
Speaker 3 (24:57):
I'm Tony Kate. You can always find me on Instagram
at the week inside your investor, Remember to keep that
wallet tight. Keep in mind, right, I'm gonna see next.
Speaker 1 (25:04):
Friday on Financial Fridays.
Speaker 4 (25:05):
Until next time, thank you for listening to Financial Fridays
with the Insider investor Tony Kay on Cannabis Talk one
oh one, the world's number one source for everything cannabis,
After twenty two years of being a titan on Wall
Street and start in his own firm.
Speaker 2 (00:05):
Tony Kasai get is walking away?
Speaker 3 (00:07):
What this said?
Speaker 4 (00:08):
The Ugly side, Hooky.
Speaker 5 (00:09):
And only Inside.
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We'll interview insiders and other titans of all types of industry,
offering advice and sharing stories of adversity.
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This is another episode the Inside Show.
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Welcome to Cannabis Talk one on one's Financial Fridays with
the Inside Investor Tony k We're the world's number one
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The information provided by Financial Friday and Tony Kasai is
for general information entertainment purposes only and should not be
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making any financial decisions.
Speaker 1 (00:43):
Yo, I don't know worry out what you're doing or
what date of the week it is for you. But
over here at the c T one oh one, iHeart studios,
ladies and gentlemen, it is Financial Fridays for us. I'm
Tony Kay. You're an insider investor and I'm here to
get your mind right and your money game.
Speaker 3 (00:56):
Type You're hearing on the world.
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Famous Cannabis Talk one on one with My boys Blue
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feel free leave me a financial question anytime at one
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At the Insider Investor.
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Please make sure it follow the show on YouTube at
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Speaker 3 (01:16):
Make sure if you'd like follow, subscribe. Guys. That's what
keeps us on the air. And of course now you
all know that.
Speaker 1 (01:20):
I created financial Fighting because after twenty years of being
a Wall Street insider, I got sick and tired of
watching people get screwed out of their money.
Speaker 3 (01:27):
And in fact, that's what today's episode is about. Guys.
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One of my biggest secrets of money, by the way,
is that taxes end up being an April problem. Everybody
rushes around right around April or October if you're a
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give you a secret. Taxes should be a year round
issue that you address. That is where you save the
most money. Especially as a business owner of ten ninety
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I'm kind of pumped up. I'm gonna heat it today
because I saw some shit on the news that just
made me blow my mind. Today's episode is California is
(02:30):
turning into a shit show. Y'all. Listen up, dude, Like
you know, I've already done a bunch of episodes on
Elon Musk. I'm a big fan of my electric car.
I've had Porsches, I've had Maseratis, BMW's Mercedes. That was
the first car I bought that I didn't have buyer's
remorse on right and I do happen to like Elon's politics.
I like the way he handles himself, and it's so
I'm I'm a fan if you would say, right, And
(02:51):
I know that's not too popular with a lot of
my friends, but that's.
Speaker 3 (02:54):
How I rolled.
Speaker 1 (02:55):
However, California and its infinite wisdom has decided you guys
are going to believe this. In fact, I was talking
to Jennifer, our social media guau over here and I
was like, jen you know, this is the episode I'm
doing today and she says, man, I saw that in
the news and I thought it was fake.
Speaker 3 (03:12):
And guys, this is not fake.
Speaker 1 (03:13):
This is how absolutely batshit crazy California has gotten.
Speaker 3 (03:17):
Let me tell you what's going on.
Speaker 1 (03:18):
So right now, and if I go to any intersection California,
about half the intersection is going to be either Tessa's
other electric vehicles, et cetera, et cetera. Here, we had
massive tax credits. I think when I bought my car
it was like fifty five thousand dollars out the door.
I ended up going down to thirty eight thousand because
of the federal of the state, the Edison.
Speaker 3 (03:36):
Everybody was just giving me free money. It's unbelievable.
Speaker 1 (03:38):
It's still like that today, right, So they're pushing everybody
over to the EV cars now, regardless of what your
opinion is on that. For me, it became all right,
look I like the car, but more importantly, gas out
here when I bought my car was approaching six bucks
a gallon, and if you're not in California, you think
that's nuts. Right now it's about four fifteen. We think
that's cheap, guys. Okay, these weird rules out here where
(04:01):
they were trying to save the smog situation, so they
mix the gasoline with ethanol, and there's all these little
weird things they do during the summer and winter. So
they have shut down refineries at least that's what they say, right,
But then they have about eight billion dollars a year
that they spend in California on the roadways, so about
fifty to sixty cents. Don't quote me on that, but
a big chunk of every gallon of gas that we
(04:22):
spend here in California is being used to fix the roads,
the bridges, and basically caltrans and fuel. Right, So here's
what California realized, Connor.
Speaker 3 (04:33):
Are you ready for this?
Speaker 5 (04:35):
Laid on us.
Speaker 1 (04:35):
Tony all right, hey dude, I mean I'm still like
speechless over there. So now that they got us all
over to Evie's telling us it's going to save us gas,
it's going to save the climate, et cetera, et cetera.
They ran out of money for the roads now, so
run this clip, Connor. I can't make the shit up.
Speaker 8 (04:55):
I can't even is now planning on taxing citizens thirty
cents for every mile you drive. With more than.
Speaker 9 (05:01):
Thirty million registered passenger vehicles in California, the state says
it shills out more than eight billion dollars a year
to maintain the roads those cars drive off. Just so
many Californians now own electric vehicles, the gas tax money
is starting to dry up, which is ry. Kyletrans wants
to instead charge drivers per mile and is now enrolling
(05:24):
people in a six month pilot program to test out
the concept.
Speaker 8 (05:28):
The state of California is now planning on taxing citizens
thirty cents for every mile you drive. They claim that
they aren't making enough money from gas taxes because of
all the electric vehicles. The decision from the California government
to plan on taxing citizens thirty cents for every mile
you drive has garnered controversy. Commenters claim that you get I.
Speaker 1 (05:49):
Mean, you know what this means, right when they say
pilot program, guys, that doesn't mean they're going to test it.
They're just right now seeing how many people get all
freaked out and how much vote are going to push
back on them, right, And these guys are strategic. You know,
they dropped this news on a Friday. They've buried it.
Nobody here knew about it, you know, I think Jena
is the only one. And this is something that right
(06:10):
now means that eventually they're gonna do what they're doing
in New York. New York's doing the same thing because
they lost so much money with Uber coming in and
the taxis what they're now talking about is every person
that ever crosses that bridge has to pay a toll
just to drive in it and out of the city.
Every car that drives in and out of that city.
So this is a spiraling effect, ladies and gentlemen, of
(06:32):
what's been going on in this country for the past
at least four years, if not decades, going back of
just legislation and buying votes. That's what this is all about.
And I'm not into politics anymore. I'm just tired of
all the bs that I see out there when it
comes to politics. I'm tired of watching my hard earned
money go out the front door.
Speaker 3 (06:51):
You know it.
Speaker 1 (06:52):
Don't even get me started. And this is kind of
off topic, but just to give you guys an idea.
Every day in California we're getting hit with some new shit.
Just the other I was reading that for the homeless
problem in Santa Monica, they took some beachfront property, have
converted it and zoned it now for affordable housing or
homeless basically housing.
Speaker 3 (07:11):
Right, But when you look.
Speaker 1 (07:12):
At the value of that land, each one of those
units is going to cost about four million dollars to
house one family. I mean, it's insanity what they're doing
to us out here, right, And all of these special
good feeling shit that they put out there for you guys,
whether it's the Republicans or Democrats, there's always just strategic
reason behind it. And right now, this is buying votes.
(07:33):
They were pandering, but they got caught right with the
EV market, with the EV push. They were bowing down
to the climate change, the green New Green Deal, whatever
it was that Bernie wanted to do. But when they
put out these feel good things, I'm all about the climate.
I don't want the climate to change, but I do remember, guys,
and if you're probably born in the mid seventies, you
(07:53):
remember this. When I was going to school, the fear
that they were pushing on us, guys, was that the
climate was going to be frozen, that it was going
to get too cold.
Speaker 3 (08:01):
And it was.
Speaker 1 (08:01):
It was that the climates are going to get too cold.
Then it became global warming, and then they were like, well, shit,
that's not working, and now it's just climate change.
Speaker 3 (08:10):
Now.
Speaker 1 (08:10):
I'm not a scientist, guys, and I'm not making any
claims one way or the other. But one thing after
all these you know, I'm now about to turn forty seven, Connor,
But what I know from when I was a kid
up until the house, every time the government tells you something,
there's a bigger attenda.
Speaker 3 (08:24):
They don't give a shit about the climate.
Speaker 1 (08:26):
They don't give a shit about rising ocean temperatures, and shit, you.
Speaker 3 (08:30):
Know what I mean?
Speaker 1 (08:30):
This is all a way to kind of garner votes,
to do one way to meet the other.
Speaker 3 (08:35):
You know, I gotta take a break. Is this shit's
just working me up?
Speaker 10 (08:40):
Right.
Speaker 1 (08:41):
I mean, if you're listed right now, like being driving
an electric vehicle, you live in California, I just don't
know how this can't be driving you done. I'm gonna
take a break, but when I come back, I'm gonna
talk to you about the minimum wage disaster that we
have going on here in California. We'll be right back
here on iHeartRadio CTM one and one Financial Flag.
Speaker 4 (08:58):
We'll be right back with the Financial Friday five on
Cannabis Talk one on one's Financial Fridays with the Insider
Investor Tony K. Welcome back to Cannabis Talk, one on
one's Financial Fridays with the Insider Investor Tony K. It's
(09:20):
now time for the Financial Friday five.
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Now we're back here Financial Fridays on CQ one to
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Speaker 3 (10:02):
Listen up.
Speaker 1 (10:03):
Before I left, I was gonna talk to you now
about the second element.
Speaker 3 (10:06):
I'm good. I probably have a list of thirty items,
but we're gonna run out of time. We're doing a
quick show today.
Speaker 1 (10:10):
But the minimum wage fiasco that we've now founded investment.
By the way, guys, again, I've voted, you know, just transparency.
Speaker 3 (10:18):
I've voted for all the parties. I voted for Biden.
I'm sorry.
Speaker 1 (10:21):
I did not vote for Biden. I did vote for Obama.
I vote for Schwarzenegger. I've voted for other parties. So
I'm not politically oriented. I'm just a realist. Right and
what's happening that there's a monster that we have in
California right now? This is Gavin Newsom guy, and even
all my Democrat friends agree that this guy's just a
fucking lunatic. Right, I'm not supposed to curse no more
(10:41):
on the show to help our algorithms, but we'll bleep
that one out.
Speaker 3 (10:44):
You guys.
Speaker 1 (10:45):
I call him mister hair Jail. Mister hair Jail. Okay,
most people don't know this. The dude is Nancy Pelosi's nephew.
All right, this is again nobody talks about this shit.
Nancy Pelosi, who's a government employee right making at max
two one thousand a year, has a net worth of
over one hundred million dollars. Guys, how the hell did
she make that? Well, let me tell you, these people
(11:07):
are all When I talk about Wall Street being rigged,
this is their rigging game, right. I mean, I can
tell you countless stories of where they're making rules on
legislation in Congress and then they're buying or selling the
stocks associated with these rules. That's how all these assholes
are getting rich. You know, even going back to the Clintons, guys,
the Clintons for forty years, they've been civil servements, giving
(11:28):
back to the community. All this shit, right, they have
a net worth of over one hundred and fifty million dollars.
You don't get that by doing speeches and writing books.
Trust me, I write off right there. You know what
I'm saying. Well, then no, there's the Clinton Foundation too.
And again, guys, Trump's no different. I mean all of these. Now,
Trump's different in a sense that he's just kind of
just put a wrecking ball to the whole system. But
(11:48):
you know, going back to the Bush era, going back
even before that, so this is not unique to you know,
Biden or Obama or Trump or whatever. And again, I'm
not into politics. I really just want to wake people.
We'll have to figure out, just ask the hard questions. Now,
look at this. This is another example of how they're
buying votes. Right about a year or so ago, mister
(12:09):
Harejel came out and he said, hey, listen, all healthcare workers,
no matter who you are, you could be a janitor,
you could be the cash here. If you're working in
any kind of health care facility, the new minimum wage
has to be twenty five dollars.
Speaker 10 (12:22):
Right.
Speaker 1 (12:23):
Oh, they came out on TV, they celebrated it. You know,
this is going to ensure healthcare for all. Blob blah blah.
Look what happened to mister header Joe play that n
next clip, Connor.
Speaker 11 (12:35):
Skimblank to delay the state's higher healthcare minimum wage that
is scheduled to start June first, According to The Wall
Street Journal, by twenty twenty eight, the bill, which Newsom
signed back in October too much fanfare, would require all
healthcare facilities, including janitors, to be paid at least twenty
five dollars an hour. The Wall Street Journal's editorial board wrote, quote,
(13:00):
the state's budget deficit has ballooned to forty five billion dollars.
Mister Newsom projects that the new healthcare minimum wage would
cost the state four billion dollars more a year, owing
to higher Medicaid costs and compensation for workers at state
owned facilities. Legislative analysts warned about these costs, but mister
(13:21):
Newsom had warned able anyway, Mister Newsom is proposing to
tie healthcare workers increases to the states.
Speaker 1 (13:29):
Several funds sent state to buy votes now from the
healthcare center, from the healthcare workers, and the healthcare unions,
and to get on TV and say I'm helping a
janitor that works at XYZ hospital make twenty five dollars
an hour. He failed to look at the real numbers.
He failed to listen to his economists, to his accounts
to the people actually crunching the numbers. He failed to
(13:51):
see that. Okay, shit, if I do this right now,
it's going to cost because all those healthcare workers that
are working at a state owned facility now have to
be given healthcare through medi Cara Medical.
Speaker 3 (14:01):
Right.
Speaker 1 (14:01):
So now what he doesn't realize is that by tying
that to the to the minimum wage, he's now going
to have another four billion dollar deficit.
Speaker 5 (14:08):
I think he knows. He just literally doesn't He doesn't care.
Speaker 10 (14:10):
Well. My prime example is is like everyone in San
Francisco when Jijingping came out and visited, everyone in San
Francisco is like, why the hell is San Francisco actually
clean now? And there's they shipped all the homeless people
out to Daily City or something. And then people are
asking him in like a public interview, press conference, yo,
(14:31):
why is it clean? He's like, oh, you know, Gijing
Ping came in town, I got to clean up. And
so he's like self aware of it. He's trolling the
public about he.
Speaker 1 (14:39):
Literally doesn't care. You remember during during the pandemic, they
were like, you can't go out, you can't do anything,
you can't do anything, And then he was eating at
that French restaurant that's like eight hundred bucks a plate
for brunch or some shit.
Speaker 5 (14:49):
And he had his kids in private school, the only
one left open.
Speaker 1 (14:52):
One Nancy Pelosi was caught on camera going in getting
her haircuttered a salon and then his moment they get caught.
Oh yeah, well, you know that's just what we owned
the restaurant, or we bought out.
Speaker 10 (15:03):
Stud and she like during the pandemic, Sacramento has a delta, right,
I'm from the area, and she would take her friends
and her big old security guard and go out in
the delta and booze on some high noons. And they
got caught. And you know, it's just you're the only
sorry they got caught. You know, their winery is the
(15:23):
only ones that stayed open during the pandemic. Their kids
school the only one that stayed open during the pandemic.
Like this dude is a bond villain and he doesn't
care any knows. So it's just, you know, between a
rock and a hard place, and.
Speaker 1 (15:35):
Pull up the real numbers guys, and you know the math.
I'm a numbers guy right when it comes down to it,
just money doesn't lie, it's traceable.
Speaker 3 (15:42):
You can find it. You can figure it out.
Speaker 1 (15:44):
California when Newsom came in, had I want to say,
like a twenty billion how much was there a surplus?
When he came in, California had a budget surplus surplus meeting.
Speaker 3 (15:54):
We had extra money. They didn't know what the hell
to do with it.
Speaker 1 (15:56):
They started giving it out to citizens and passing it
out and take tax refunds and all that shit. Right,
except there's one problem. Now we have a forty six
billion dollar deficit. That's why they want to charge us
for gas. That's why they're increasing taxes on everything.
Speaker 5 (16:10):
Ninety seven point five billion certain plus.
Speaker 1 (16:12):
You guys, ninety seven call it one hundred just to
make the math easy, right, one hundred billion to He's
now got a deficit of forty six billion, call it
fifty billion. That's one hundred and fifty billion dollars swing, bro,
that's more than the GDP of most fucking countries.
Speaker 3 (16:27):
You know.
Speaker 1 (16:27):
And for this one guy, with all of his policies.
You really want to lose your shit, just google homeless
solutions from Gavin Newsom California. I mean, what they do,
they'll they'll they'll raise awareness and they'll raise money and
they'll do these bond initiatives, which is going to cost
the next generation more money. And then what happens is
they'll bring in their buddies who are going to do
(16:48):
studies and architectural reviews and impacts of reviews.
Speaker 5 (16:53):
It's a big old pr statement.
Speaker 10 (16:54):
Of course, it is likensol like it's just you know,
face value of you see the press conference and then
you know, you go and see it for yourself and
it's just like degenerative to a point where you know,
it's you know, unrecognizable to what we know as California.
Speaker 1 (17:10):
And you made a great point, man, I you know,
they really don't care the number for him, the numbers
don't matter.
Speaker 3 (17:15):
They'll gloss over him. This is all about divide and conquer.
Speaker 1 (17:19):
The only political thing I do believe in is that
this entire system, and that's why it was really controversial.
I got a lot of hate mail for it, but
I said, look, I'm just not voting anymore. I refuse
to subscribe to a system that's rigged. And when I
say rigged, this isn't like TV rigged or politics rg
It's rigged when you only have two players. When you
look at what they're doing to RFK right now, or
(17:41):
what they did to Bernie Sanders on that side, it's
like they push all these third parties out. It's the Democrats, Republicans.
It's a ping pong, but they really don't give a
shit who wins because they know eventually they'll be back
in power.
Speaker 5 (17:51):
Well, it's just this exactly.
Speaker 10 (17:54):
It's the chess game for him in California is the
initial step into becoming president. So he's creating a problem
that he's going to go running campaign for and say
he's gonna fix.
Speaker 5 (18:02):
Right Like, that feels like how it's gonna go.
Speaker 3 (18:04):
You nailed it.
Speaker 1 (18:05):
I mean, right now, we all know that most likely
ninety percent chance Biden's not gonna make it to the elections.
Speaker 3 (18:11):
Right now.
Speaker 1 (18:11):
What's going to happen is we already know mister hare
Gerill right now is first in line, and right now,
with all the nasty shit the Gavin has done to California,
he's still in line to take that throwne in my opinion,
right regardless, Again, guys, what you think about the politics,
this is math.
Speaker 10 (18:26):
Is just going to read the trail of what you
know his past actions. That's all we're talking about.
Speaker 1 (18:31):
Here is this is, you know, I joking, I jokingly
call it now the Socialist Republic of California. That's what's
happening here. Regardless of what your political beliefs are, you
cannot deny the math of what this man has done
in the time.
Speaker 3 (18:43):
That he's been in office.
Speaker 1 (18:44):
To go from one hundred billion dollar surplus to fifty
billion dollars left to say, one hundred and fifty billion dollars.
Speaker 3 (18:49):
Sleep, that's got to be your record. I don't even
say presidents.
Speaker 10 (18:51):
And countries are bro real, and I think it's a
testament to how turbulent has been that you know, there
is a referendum to almost have him, you know, taken
from his position in California like that rarely happens in
such a blue state.
Speaker 1 (19:07):
And think about how much he had already shipped on
the state and then for him to even not for
us not to win that recall election.
Speaker 3 (19:14):
I mean, it's just my and guys. When you don't
live here, you may think it's hyperbole or if we're.
Speaker 1 (19:18):
Exaggerating, even my hardcore Democratic friends, like what the heck
is going on here? Guys?
Speaker 3 (19:23):
This isn't about politicans about your money. It's about reality.
Speaker 1 (19:26):
Now, when we come back here on Financial Fridays, I
want to talk about the third way that California is
turning into a shit show, and that's our minimum wage
for the fast food industry.
Speaker 3 (19:34):
We'll be right back here on Financial Pridce.
Speaker 4 (19:35):
We'll be right back with more Financial Fridays with the
Inside Investor Tony K. Make sure you follow Tony at
the Insider Investor. Welcome back to Cannabis Talk one on
one's Financial Fridays with the Inside Investor Tony K. Make
(19:57):
sure you like, follow and subscribe to the show.
Speaker 1 (19:59):
Now, you guys haven't seen the ladiest edition with the
Cannabis Talk magazine. It has some great articles, some very
cool stories in it. Hit yourself a hard copy today
at your local dispensary smoke shop. If you don't have it,
help us hit me up. I'm gonna send you a
copy on me. It's Cannabistalkmagazine dot com.
Speaker 3 (20:14):
Subscribe now. Super proud of you guys.
Speaker 1 (20:17):
Now we're back here on CT one on one's iHeartRadio's
Financial Fridays. Hi, mom my mom just showed up from
the studio.
Speaker 3 (20:25):
Had to kind of talk to her about that.
Speaker 1 (20:26):
So you guys before we left, we were talking about
the minimum wage here in California.
Speaker 3 (20:31):
And what's going on with the fast food industry.
Speaker 1 (20:33):
Now. On the surface, listen, man, I've worked at Little Caesars,
I've worked at TGI Fridays, I've worked at Target. I've
been a minimum wage employee. I know what that's like.
So on the surface, all of these role pandering to
voters sounds good, but love for what happens again to
mister hair jail, go ahead and play that.
Speaker 3 (20:50):
Cliff carn.
Speaker 2 (20:55):
Is, My workers way did this, But what they really
did was lose nearly ten thousand fast food jobs.
Speaker 9 (21:06):
Pizza Hot preemptively laid off twelve hundred delivery drivers like
Michael o'hada.
Speaker 3 (21:10):
What's the point of the rays if you don't have
a job anymore.
Speaker 6 (21:12):
The new law also caused prices to rise. A report
or ask Governor Newsom.
Speaker 9 (21:17):
Can Californians expect the prices of their McDonald's and Starbucks
to go?
Speaker 3 (21:21):
I've heard that rhetoric before and it didn't happen.
Speaker 6 (21:23):
But it did happen in this case. Even before the
new minimum took.
Speaker 9 (21:27):
Effect, McDonald's, Chipotle, and Starbucks already saying they planned to
raise prices to offset the rising labor costs.
Speaker 6 (21:34):
And there was other damage. Some restaurants said.
Speaker 2 (21:37):
We're no longer hiring, so we're not growing in the
state anymore.
Speaker 6 (21:40):
Others just closed. The owner of this restaurant texted.
Speaker 5 (21:44):
I couldn't survive the mandated wage increases.
Speaker 2 (21:46):
And now that the twenty dollars minimums take an effect,
restaurants in the state have increased prices by ten percent
faster than all other states.
Speaker 1 (21:55):
Wow, I mean, guys, the proof is in the pudding, right.
You can't make this stuff up. So he comes out,
he goes and does this press conference. So what did
he say. It's rhetoric, they called it. They literally pee
on you and tell you it's raining. It's rhetoric. You, guys,
go through any restaurant, any fast food, any grocery store.
You're telling me that shit's not at least ten to
twenty percent more expensive. How is that possible? How do
(22:18):
these people just stare at us and light to us.
They literally pee on you and tell you it's raining. Guys,
I mean that stuff works. Mean, now, have a lot
of friends in the restaurant industry, and guess what's happening.
You go to a taco bell right now, I think
I want to get a couple of coffee to McDonald's.
There's only one employee in there, and everything else is automated.
The touch screen is automated. I think there's a McDonald's
(22:39):
I saw up somewhere in California, and what they're doing
is they're actually automating. The entire McDonald's is run by robots.
They have one human that just kind of supervises, but
you never have a human interaction. Your food comes out
in a box. Everything is made by robots, and that
is the future. That's why Elon's talking about. You know,
he does something controversial as people think he's sow to
(23:01):
the right or the left. What Elon came out and said,
he said, guys, we will have to in this country
and able to minimum income. What do they call it, connor,
there's a word they use for but basically a minimum
income requirement, a minimum you get a check. Basically there's
a there's a threshold that everybody has to get a
check just to be able to survive in California because
(23:22):
all the layoffs that are going to come from AI
and automation. So without kind of digressing to that point,
the minimum wage thing that came out, And if you
saw the very first clip, the clip early on that
we just played, they were celebrating. Those are union workers,
those are people lobbys. Oh we did it, we did it.
They got a bunch of fast food workers in the
back clapping, cool, you made an extra four bucks an hour.
(23:43):
But guess what, most people that work at a McDonald's,
what do you think they eat?
Speaker 3 (23:47):
Connor?
Speaker 5 (23:48):
Probably something of the same ill.
Speaker 1 (23:50):
McDonald's, pizza, hut, KFC, et cetera. So the same workers
you're trying to help. You saw it on the clip.
The gentleman's like, hey man, so now I got to
pay more money for the same shit that you're trying
and say that I'm getting paid more on and guess
what when you get paid more, what happens you're paid
more taxes. So really this is a double win for them.
They get to go online, they get to go on
air and say, hey, listen, we're helping the minimum wage workers,
(24:12):
when really they're burying everybody in California. Guys, California is
a beautiful state. But what's going on right now California
is turning into a shit show. So it sounded like
an angry episode tomorrow. I kind of listen to myself.
But we're gonna wrap this up here today, guys. Before
I leave, I do want to say a sincere happy
birthday char new Gemma you guys. I'm not even going
to spoil the secret about who Jema is. You guys
(24:33):
are gonna find out here an upcoming episode, but I
do want to wish her an happy birthday. I also
want to think I'm taking on that one. I want
to thank everybody here in the studio, Adrian, Amy, Mondo,
Mary Mikaela, Jenna, Daniel Diego, Andre Lacy, Stacy Logan, Gary Carly,
Kylie Connor, Pitt, Klara, Ali, Tony, Tony En Ruvie, Chris Francito,
Jennifer Erica and Elvis. Now you guys, thank you for
(24:54):
listening to Fridays and Fridays here on Cannabis Talk one
on one.
Speaker 3 (24:57):
I'm Tony Kate. You can always find me on Instagram
at the week inside your investor, Remember to keep that
wallet tight. Keep in mind, right, I'm gonna see next.
Speaker 1 (25:04):
Friday on Financial Fridays.
Speaker 4 (25:05):
Until next time, thank you for listening to Financial Fridays
with the Insider investor Tony Kay on Cannabis Talk one
oh one, the world's number one source for everything cannabis,
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Joe Grande
Marc Wasserman
Craig Wasserman
Christopher Wright (Blue)
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