February 26, 2025 • 36 mins
Trump's gold card to pay down the debt. Clay thinks it's brilliant, Buck has some concerns - we workshop the idea live in real time. Some iron clad truths about immigration. The importance of monetizing content. Callers weigh in on the gold car idea.
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Episode Transcript
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Speaker 1 (00:00):
All right, welcome in our number three Wednesday edition Clay
Travis buck Sexton show. One reason and by the way,
I encourage you as always go subscribe to the podcast
Byron Donald's and Tom Holman, both on in the last hour.
I think you will really enjoy those conversations. Lots of
information from inside of the administration breakdown. I think Byron
(00:23):
Donald's gonna be elected governor of Florida next year. That
would be my prediction. Obviously, there's lots of different things
that happened between now and then. Tom Homan is doing
a phenomenal job. I think I got us invited on
an ice raid, which I'm gonna be honest, sounds kind
of fun and badass.
Speaker 2 (00:39):
I think, Clay, you gotta be first through the door, swinging,
swinging the sledgehammer or the battering ram. I think, I, Clay,
have you ever worn tactical gear before? We're gonna get
you all kitted out?
Speaker 3 (00:52):
I went no.
Speaker 1 (00:55):
When I was a law student, I did a ride
around with Nashville local police because they wanted we were
doing criminal law. They were like, hey, you should actually
see what a cop does. And I've been involved in
criminal cases, not myself, but as a lawyer.
Speaker 3 (01:14):
This is lawyers. I'm talking about Clay.
Speaker 2 (01:15):
I'm talking throwing some flash bangs, throwing some elbows, you know.
Speaker 3 (01:19):
Getting nobody.
Speaker 1 (01:20):
I remember one of the thing that I found so
interesting was my criminal law professor at Vanderbilt University, Don Hall,
amazing guy, just a great guy, Rest in peace. I
taught generations of Vanderbilt lawyer's criminal law. He said that
when he would go, he would like to go because
he loved to kind of learn in real time how
(01:42):
do police saw It's really very fascinating. How do police
officers in a dynamic situation apply the law so that
the evidence that they collect or the arrest they make
are able to stand up under the challenges of defense attorney.
Speaker 2 (01:59):
You're going very academic on this. I just want video
of Clay tackling some gang men. Well, like, this is
where I was going.
Speaker 1 (02:05):
He said he had assisted as a law professor in
arresting bad guys because on one of the raids that
he was on, they had too many bad guys and
not enough cops and he just dove and tackled somebody.
Speaker 4 (02:20):
There.
Speaker 3 (02:21):
I'm talking about this happened.
Speaker 1 (02:23):
He was thinking, like this is going to be the
craziest legal hypothesis ever, dorky law professor, and he was
in good shape and like but but you know, actually
assisting in an arrest would be one of the all
time great fat background hypotheticals. And that's what he said
was going through his mind when he dove and made
the tackle. I think he, by the way, was an
(02:43):
FSU grad like Byron Donald's FSU.
Speaker 2 (02:48):
We could get you deputized by Ice. But you know,
you know, just just remember, you know, it's it's never
it's fine to throw the elbow clay. You know what
I'm saying. If somebody tries to take you down, you
got to what you gotta do.
Speaker 1 (03:01):
So I would love to do the raid now. So
I encourage you to go listen to our number two
when I asked if we could go on an Ice raid,
as other members of the media have. I also love
that Tom Holman said that he wasn't worried about us
leaking the Ice raid coming. I think that's a good
I think that's a good hypothesis from him. He's been
on a bunch of times over the years, even as
Biden had failed with the border.
Speaker 3 (03:21):
Okay, so we started as we.
Speaker 1 (03:24):
Brought in Tom Homan to talk about this Trump gold
card idea. And for those of you haven't seen this,
one reason I loved Trump is every now and then
he says something that I've never heard anybody talk about, Like,
I've never heard this disgust in any kind of substantial way.
And he said, look, there are a lot of countries
(03:46):
where you can buy citizenship and you will pay a
certain amount of money and you could become a citizen.
Speaker 3 (03:53):
And let me I started to explain this.
Speaker 1 (03:55):
My wife, Laura, who you well know, Buck, I would say,
has a few prepper tendencies, meaning we're adding a.
Speaker 3 (04:04):
Lot of guns. She's got a go bag.
Speaker 1 (04:07):
She's talked about building a underground bunker in the event.
Speaker 3 (04:12):
She has looked.
Speaker 1 (04:13):
During COVID, she got really afraid about where the country
was going. And when Biden was elected, she did research on, hey,
how do you become a citizen, for instance, of a
Caribbean nation. How do you become a citizen of a
place where you theoretically could be removed there's an ocean
(04:34):
to protect you from chaos elsewhere. And so she was
telling me all this stuff. She's got a law background too,
that there are actually tons of countries out there, and
I never really had looked into it or experienced it
where you can basically buy a passport, and it's not
just Caribbean nations. I believe the island of Malta you
(04:54):
can pay and you get an EU passport, so it
would entitle you to travel, for instance, all throughout the
European Union, you and your family. Meanwhile, we got all
these people coming illegally into our country trying to become citizens,
and we don't buy and large monetize that in any way.
So Trump, the ultimate businessman, has said we should have
(05:19):
a golden ticket basically where you pay five million dollars
and you and your family can come to the United
States and become citizens.
Speaker 3 (05:29):
And he took it a step further.
Speaker 1 (05:31):
And he said, if ten million people around the world
did this, we could eliminate our entire national debt. Now
I'm trusting Trump on this. Ten million times five million
is that fifty trillion?
Speaker 3 (05:45):
I don't know. I know it's a big number.
Speaker 1 (05:47):
I tried to do it on my calculator Bucke, and
then I got that E and a bunch of zeros.
And I'm not good enough at math to know can
somebody with a calculator confirm Trump's math here in the meantime,
listen to the audio.
Speaker 5 (06:01):
We'll be able to sell maybe a million of these cards,
maybe more than that. And if you add up the numbers,
they're pretty good. As an example, a million cards would
be worth five trillion dollars five trillion, and if you
sell ten million of the cards, that's a total of
fifty trillion dollars. Well, we have thirty five trillion in debt.
(06:22):
That'd be nice. So we'll see. But it could be great.
Maybe it will be fantastic. We have it all worked out.
From the legal standpoint, it's totally legal to do.
Speaker 3 (06:37):
Oh Buck, this is brilliant to me.
Speaker 1 (06:39):
And if the math adds up, and I'm trusting Trump
here because my calculator is not good enough, I don't
see what the downside is that you're skeptical. I could
see Buck's face. He's like, I don't know. I think
this is actually genius. Super rich people, all their assets
coming here, eliminating a substantial swath of our national debt.
(07:00):
We got ten million illegals that came in during Biden
with almost no assets. I would much rather have ten
million insanely rich people from around the world, paying off
our national debt and bring as many of their assets
here as possible. What am I missing?
Speaker 3 (07:15):
What do you?
Speaker 2 (07:15):
What are you skeptical about? First off, I just think
the numbers should be ten million.
Speaker 1 (07:20):
Okay, So you actually think we're not charging enough that
I don't think is enough.
Speaker 2 (07:24):
Yeah, I don't think that's I don't think that you
should just be able to get to the front of
the line on this. Look, here's the My My position
is that really we've actually had too much immigration for
too long, and that we need to just be America
for a while, like we're good. We need to get
we need to deport a lot of illegals. We need
to allow assimilation of the legal immigrants who have been
here to occur, which is just part of you know,
(07:46):
time and culture and exposure and being here. You know,
we that we it's kind of no room at the end.
Is a little bit of how I feel right now,
to be honest with you, I shouldn't say no room.
But it's been crazy, all right, And just look at
the numbers. The country's never been through anything like this before.
We've never had the level of both legal and illegal
(08:06):
immigration together in such a condensed period of time, to
the tune of millions, millions, tens of millions. We have
more foreign born Americans than at any time, certainly in
the last one hundred and fifty years, and so we
need we need a little you know, America gets to
just be America for a while. And that means I
think we got to look what Canada's doing. Canada went
(08:28):
through this and by the way, Canada has a points system,
how much money do you have, what level of education
do you have? And they got all kinds of problems
from this. So am I am I opposed to this
in principle. So on the one hand, there's just the
I don't I don't like, I don't want more H
one b's, you know, being added into the mix. I
very much disagreed. We didn't going to talk about this.
(08:49):
The whole vivague take on that I thought was horrendous
and wrong and and just like blasphemy as far as
I'm concerned for America. But anyway, I think that there
needs to be a change in the way that we're
taking in legal immigrants. Fine, I think it needs to
be less. Do we want very rich people to come here. Yes, Uh,
(09:10):
that's a good thing. They will bring assets, they will
create jobs. If it's going to be so easy that
you can just buy it, I think the number should
be higher than five million personally, So that's one thing.
Maybe Trump will be with me on that. And I
think it would have to be capped, right, So what
he's talking about would be anybody who wants it could
come here.
Speaker 1 (09:28):
Well, first of all, the question that I would have,
and this is the data nerd in me, is what
is the total addressable market? How many people actually have
the ability to pay five or in your case, I
don't necessarily disagree ten million to become citizens. And that's
people who are not obviously already in the United States
(09:48):
because and I understand people talk like, yeah, what are
you there are there are six million millionaires in China? Wow,
six million millionaires in Channel alone.
Speaker 2 (10:01):
Is America going to really feel that much like the America?
We know if you let in, let's just even say
half there. If three million Chinese millionaires are here, this
is we're getting into some real numbers.
Speaker 3 (10:14):
You know, that's a lot of people.
Speaker 1 (10:16):
Well, what I would say from one place point out
is a lot of these people would already own homes
in America, so the richer you are, the more likely
you are, frankly to stash your cash or and also
should you should you have to give up your I
don't think you should be allowed to be a dual
citizen with this. I don't like that for a whole
(10:36):
bunch of anation that's an interest. So I think you
have to be only a US died. I don't think
you could keep your EU passport or keep your Chinese passport.
If you're going to do this program that Trump's talking about,
you got to be all in on America. So again,
there's some details that need to be worked out. I'm
not I mean, I see your point, I see the numbers,
but but I feel like there also has to be
a component of this that you know, well, like that's
(11:00):
a little more of the old school. You love America,
you want to be America. Do you speak English?
Speaker 4 (11:06):
You know?
Speaker 3 (11:06):
These are all things that I.
Speaker 2 (11:07):
Think need to be added into the mix as well, which,
by the way, we haven't been doing that. To be clear,
I would overhaul the whole immigration system dramatically.
Speaker 1 (11:15):
What I look at is, if you ask me right now,
what is the biggest threat to American power. I would
say it's our thirty six trillion dollar national debt. And
I've heard very few legitimately intelligent takes on how we
could ever eliminate that in any of our lives, because
you can't. The math doesn't add up, right. You can't
(11:36):
tax enough to eliminate the thirty six trillion. Remember, what
Elon's trying to do right now is just get it
to the point where we're only spending a trillion more
than we bring in and then hope that the growth
in the nation is going to be fast enough to
eliminate that over time.
Speaker 2 (11:53):
He's trying to slow down the monster. He's not trying
to slay then it's impossible from to slay the monster.
Speaker 3 (11:57):
And he knows that.
Speaker 1 (11:59):
My concern is, and this is big picture as we're
getting ready for a break, but is the reason why
crypto is taking off is a lot of very smart
people are looking at our fiat currency, that is the dollar,
and they are saying the dollar is diminishing in value
every day because Americans have borrowed so much against it
that at some point in time, the borrowing cabal collapses.
Speaker 3 (12:22):
And when it does, whether.
Speaker 1 (12:23):
You're a billionaire, or you're living paycheck to paycheck, you
are going to bear the consequences. And I would argue,
we're all bearing the consequences now with seven percent mortgages,
with twenty some odd percent credit card interest, with the
amount you get in a lot of sixty months zero
percent interest. When you buy a car now, right, all
of that adds up. It takes money out of your pocket.
(12:45):
So your concern, I think, is an interesting one on
like geopolitical tensions, who the loyalty of these individuals owe
their loyalty to. My concern is, if you told me,
Clay you have a magic one, you can erase one
major concern in the United States. To me, it is
the national debt. And I've never heard anybody come up
with an idea of how to actually eliminate the national debt.
(13:08):
My question is, I don't know that the total addressable
market of people willing to do this is ten million, But.
Speaker 3 (13:14):
If it is, I don't think it is either. But
if it.
Speaker 1 (13:16):
Were, or if you doubled the cost like you said,
and it's five million, you could eliminate the whole national
debt just with this program.
Speaker 2 (13:24):
Well, it's also amazing to think about you can pay
five million dollars through the legal way, or until recently,
you could pay five thousand dollars to the cartel run
across the border and basically get a lot of the
same value out of it, especially if there's ever an
amnesty that comes, which the Democrats still want. So you know,
I don't I'm not comfortable with the idea of America
(13:44):
as an economic zone. And when you're selling citizenship it
starts to feel more and more like there to me,
there should be something more about America than just this
is a place where you can have assets, make money,
and that you know, there should be some like agree
we could be I mean I could be. I think
you're too old now, Clay, but I could still be drafted,
(14:05):
you know, like there's something more to this country.
Speaker 3 (14:08):
That's why you want me going in first on the
ice thing.
Speaker 1 (14:10):
You got too many good years of life, yet I
gotta take the I gotta take the bullet to the chest.
Speaker 2 (14:15):
Oh man, So we'll see. I'm very curious. Let's let's
open this on. This is a real talker. I think
this is a fascinating idea from Trump. Have you ever
heard it discussed ever?
Speaker 3 (14:24):
Never?
Speaker 4 (14:24):
Now?
Speaker 2 (14:25):
Not really no, so fur and against four and against
Trump's five million dollar. Instead of a green card, he's
calling it a gold card. What do you think about it?
Eight hundred and two way two two eight a two.
Speaker 1 (14:36):
It's like the Golden ticket from Willy Wonka, except you
have to buy it instead of getting it out of
the chocolate bar.
Speaker 3 (14:42):
What a great movie that was by back in the way,
back in the day.
Speaker 1 (14:45):
I want to tell you, we're talking about saving money.
We're talking about the fact the country's thirty six trillion
dollars in debt. How many of you out there are
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Speaker 3 (16:24):
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Speaker 3 (16:29):
All right, welcome back in everyone. We wanted to get
your thoughts.
Speaker 2 (16:32):
We're putting out the call here for all of you
on this Trump gold card issue.
Speaker 3 (16:38):
Call in.
Speaker 2 (16:38):
Also talkbacks. We love talkbacks that are very convenient for
you too. You don't wait on hold, you just send
them in. Download the iHeart app and then go to
the Clay and Buck page press the little microphone talkback
is a great new function only on the iHeart app.
Speaker 3 (16:52):
So go check that out.
Speaker 2 (16:53):
BB is the number, and we have a listener, Roger,
who sent it a talkback.
Speaker 3 (16:59):
Play it. You got to make a little bit rare.
Speaker 4 (17:00):
You got to put a cap on it, and then
they'll come even faster with their five or ten million dollars.
Speaker 3 (17:06):
Put a cap on it.
Speaker 6 (17:07):
You know, five million people can buy a ten million
dollar citizenship.
Speaker 3 (17:13):
It'll be a rush to the door.
Speaker 6 (17:15):
We'll do it in about ten minutes.
Speaker 7 (17:17):
The whole thing.
Speaker 3 (17:19):
You know, This is what I was saying.
Speaker 2 (17:21):
There's some even if it's a good idea, or rather
even if if it's not, we should go forward with Clay.
There's some details that do need to be worked out.
I do think there has to be a cap on it.
Speaker 1 (17:29):
I also want to know, and this is the question
I was asking, and let's dive back into this. We'll
take your calls. Your talkback sound like he was washing
dishes while he was talking back with us. By the way,
I want to know what the total addressable market is.
How many people, because you can be rich and not
have five million dollars in cash or ten million dollars
in cash, that's super rich. How many people in the
(17:49):
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All right, a little bit of a window into how
my brain works, which sometimes is a dangerous place to be.
Let's be honest, I love this gold card idea citizenship
(19:12):
because to me in all facets. I don't know if
you've been paying attention to this buck, but I think
Elon Musk's management style is really fascinating, and I think
it really kind of boils things down. I know there's
a lot of people who own business as small businesses
out there involved in management. Elon says that the thing
that he has found is most valuable for him as
(19:32):
CEO is to find the thing that is the biggest
impediment to success and put all of his interest into
fixing it. And I think that sounds simple, but it
actually is brilliant because any of you out there that
have ever run a business or a small business, the
reality is you got like ten or fifteen different things
(19:53):
that you're trying to work on simultaneously. And when you
or your staff or your company are trying to work
on ten or fifteen things at time, ten or fifteen
different things at one time, your ability to change all
of those things inevitably runs into inertia and it becomes
more challenging. I'll give you an example in my own
(20:14):
business right now, I think we have at OutKick a
really poor ad sales team, meaning we are failing to
monetize our content as well as we should be. I
am putting all of my attention into making sure that
we monetize things as much as we can. Doesn't mean
there's not like fifteen other things that can be worked on,
(20:36):
but that is the number one thing to me. If
you told me right now, now that the border is sealed,
and now that crime is coming back down and we're
actually putting violent criminals in prison, we still have inflation
to deal with. But if you told me big picture,
Clay what is the biggest concern in the government. It's
our debt. It's going too soon eat up a huge
(20:59):
part of our tax dollars merely paying the debt interest,
not paying the debt down. And remember what we're talking
about now from politicians is only slowing down the rate
at which we add debt. You can maybe try to
address it through budget. That becomes difficult. You have to
(21:20):
raise taxes, you can fire people and shrink the size
of government. But a big part of this is eighty
six percent of our budget is Social Security, Medicare, Medicaid,
and defense eighty six percent. So if to a large
extent you're not touching that, then you're only able to
(21:41):
cut fourteen percent of our budget. Again, these are fraud numbers.
And I hear no one saying, how do we ever
pay down this debt? Trump, to his credit out of nowhere,
suddenly says hey, I mean I don't remember him campaigning
on this or anything, but he says, hey, we should
sell citizenship five million dollars. And my immediate response is
(22:03):
that sounds like genius to me. But the next question, Buck,
is there are lots of details associated with it. But
to me, the next question is how many people could
actually buy this, right?
Speaker 2 (22:17):
I told you there are six million millionaires in China, right,
so that's just one country. Now it's the biggest country
in the world. But you got to figure I think
if you opened up, man, this is this is like
if you ever remember those if you ever did any
consulting interviews for like mckensey clay, you know, those.
Speaker 1 (22:32):
Things would just give me a question that you had
no answer, idea what the answer is, and it works
the head.
Speaker 2 (22:38):
Yes, this is the classic thing. They say, how many
people go through Logan Airport, you know, on the second
Tuesday of the month, and you're supposed to and you
don't know the answer, but you're supposed to get to
some kind of answer and show them you're thinking anyway, whatever.
Speaker 3 (22:49):
Don't even get me started on consultants.
Speaker 2 (22:51):
But the I think if you thought about it in
this comp First of all, we have a lot of
millionaires in Miami in the area who are from Latin America.
We've got a lot of Latin American millionaires here. Now,
some of them are visitors. I know, some of them
are on visas obviously, but a lot of them have
moved here. So you're going to have millionaires from Asia,
(23:12):
a lot of millionaires from Asia that I think would
want to take take up this opportunity. You're going to
have some from the EU too, who are probably sick
of the taxes more than anything else and want to
be in a more dynamic economic environment than what you
see in the EU. But again, the devil's in the
details for me with this a little bit. I'm not
against the idea, I just my I have my concerns
(23:36):
about the idea. So here to your like McKinsey consulting question,
number of millionaires matters. But really, in order to stroke
a check for five million or ten million, that is
movable financial assets, most people, even very wealthy people, aren't
(23:56):
liquid enough that they could stroke a check for five
or ten million dollars. To me, that typically is going
to require probably this is my rough guess, that you
be worth twenty million dollars or more. Because a lot
of people's wealth is tied up in their home. A
lot of people's wealth is tied up in a small
business which may produce a decent amount of revenue every year.
(24:19):
But even if you run a fifty million dollar business
and own it, you might only be netting. I don't know,
three four million dollars in profit at the end of
the year and you might live really, really well. But again,
how many people have that? I just don't know. The
total addressable market is like I think you have to
be worth twenty million in order to even consider doing
(24:40):
this well. But again, and I hate to be the
stick in the mud here on this a little bit,
because you know, Trump's got a big.
Speaker 3 (24:46):
Beautiful idea. It's a big, beautiful idea. No question. Does
the whole family get to come if you're if you're.
Speaker 2 (24:52):
A Chinese, you know, one hundreds in family, like we
can't we can't have like grandma and grandpa and like
answer uncles, like you have to be the sun or no.
But now you're talking about again this is why I
get to the cap. Okay, so let's say you open
this thing up. You're gonna have three million foreigners. Let's say,
who are millionaires who can do this and who want
to do it. Over the course of Trump's four years,
(25:14):
average family size of four p You're gonna allow twelve
million foreigners to show up here. Now, a lot of
money that they bring, but they're not Americans. And you know,
again I come back to this thing of being an American.
We're not an economic zone, you know, We're we're not
a trade union. This is a special place with special meaning.
(25:35):
And I don't know that some guy who shows up
from Singapore who's like, oh, I've got a US passport
now because I wrote a big check is necessarily going
to perpetuate the America that we know.
Speaker 3 (25:46):
Maybe s maybe, No. Here's my concern right now.
Speaker 1 (25:50):
The asset of American citizenship is entirely a function of
you and me and everybody out there who's an American citizen. Certainly,
if you're born here blind good luck. Nobody gets to
sit around and be like, oh, I'm gonna pick, by
and large what country I live in. And so we're
all incredibly fortunate that our ancestors, at some point we're here,
(26:12):
and we were born here. And it's the one great
good fortune that I think most Americans do not think
about enough. You could have been born in Asia, you
could have been born in Africa, you could have been
born in some awful war torn region. We're all incredibly
lucky to be here. Now we give this away to people,
by and large, based to your point, buck, my understanding
(26:34):
is largely based on your relationship status with somebody else
who's already here, or with somebody walking illegally across the chain.
Speaker 2 (26:44):
Migration is a huge part of this, which is why
I've brought up even the birth tourism issue, where you
could have a foreign national comes here, gives birth here,
goes back home, and then at eighteen, that person is
a US citizen and they can sponsor the whole family.
And these are the games the scam. Look, our immigration
says has been incredibly scammed, but a big part of it,
and this is something to keep in mind. It is
(27:05):
currently federal law that you cannot be a charge of
the state in any way as an immigrant period. If
you come here a green card, asylum seeker, whatever, if
you come here, you're not supposed to be a dependent
on the state.
Speaker 3 (27:21):
Guess what.
Speaker 2 (27:21):
That's being violated millions and millions and millions of times over.
And so when you talk about bringing people here with
more money, I say, okay, that seems certainly better than
bringing the impoverished masses of the third world, which has
been the Democrat plan, no question right. And I think
that's the first The first step of this is recognizing
better to have people who aren't going to be a
charge of the state for sure, because they've got millions
(27:43):
of dollars. Also, I wonder, how do we know this
actually goes to pay down the debt? I mean, I
feel like Democrats, if there's a way to light this
money on fire, when the Democrats out Congress, they're going.
Speaker 3 (27:52):
To do it.
Speaker 1 (27:53):
I think you would have to pass a law that
says every dollar from this goes to pay down the
national debt. And this is why my way of looking
at this is, to me, you're using the great And
let me.
Speaker 3 (28:04):
Say this, it doesn't mean that.
Speaker 1 (28:06):
You are a genius or supremely intelligent that you are rich.
Let me put that out as a premise. But if
you have achieved a measure of success where you have
twenty million dollars in wealth in Brazil or in Argentine,
lot a lot of people get rich in the rest
of the world through the worst kind of corruption and
(28:29):
you know, underhanded dealing. Just to be clear, there's a
lot of places where that's actually if you're really rich
in Russia, it's not because you're so good at business.
So there are kleptocracies all over the world. My take
on it though is in many ways this is like
drafting the first round. Wealthy people around the world and
(28:50):
their money. When they buy this gold card, much of
their net wealth would immediately flow into the country and
they would buy great real estate, and they would they
would employ a ton of people.
Speaker 2 (29:04):
I sound like you to start talking about the condos,
the condos and gaza plays like it's going to be
beautiful gaza.
Speaker 3 (29:11):
I know what I said.
Speaker 1 (29:14):
But they would their money that they spend. This is
the entire basis of capitalism. The money that they would
spend here would raise the overall quality of life for everyone,
as opposed buck to the way we handle immigration now,
which is poor dude comes in and you and my
tax dollars have to go to pay for his hotel room.
Speaker 2 (29:34):
No question, the way it is now is not only terrible,
it's unsustainable. So that I mean, there's one hundred percent
agreement I think across the right and anybody who's saying
and can do math on that we cannot bring in
the impoverished, illiterate masses of the Third world who don't
speak English and just want access to welfare benefits as
fast as possible and expect to continue as America.
Speaker 3 (29:53):
So that's that is ironclad truth. But what do we
do about this?
Speaker 2 (29:57):
So this is let's get I want to get some
calls in. You want to get some calls in. We'll
come back here. We'll do a nice, long, a robust
segment of calls coming up. So if you're on hold,
stay with us, because I want to get various perspectives
of this.
Speaker 3 (30:09):
Because I love this.
Speaker 2 (30:09):
Trump brings up a new idea of Clay and I
are kind of work shopping it on air in real
time because this wasn't something I was reading about in
National Review back in nineteen ninety.
Speaker 3 (30:17):
Seven, like anybody talk about it? Yeah, I've never seen
It's interesting.
Speaker 2 (30:23):
Speaking of the debt gold something you should be thinking
about because Elon's only gonna be able to do so much.
He's admitted this. He's doing great work, but there's only
so much he can do, only so much. Trunk can
show worth thirty six trillion in counting, and inflation is
here to stay. Your savings are being chipped away at.
You want to have a hedge against this. You want
to be up on something. You want to be in
(30:45):
advance of the continued deterioration of the dollar, and that's
where that's what gold allows you to do. Anyone, anywhere
Cannon should be investing in gold as part of their
savings plan or your four oh one K plan or both.
Birch Gold can help you with this, just like they've
helped me. I've been an investor in gold for years
and just recently purchased more from Birch Goldgroup myself. Birch
(31:06):
Gold is the same company that's releasing an all new
study and how gold will fare in the Trump Era,
with a Ford by Donald Trump Junior. To get your
free copy, along with Birch Gold's free information kit, text
my name Buck to ninety eight ninety eight ninety eight
or go online to Birch Gold dot com slash buck Again,
text my name Buck to ninety eight ninety eight ninety
eight or go online to Birch Gold dot com slash
(31:28):
buck to get your free copy of the Ultimate Guide
for Gold in the Trump Era, no obligation only information.
Speaker 1 (31:36):
Chief up with the biggest political comeback in world history.
On the Team forty seven podcast, Clay and Buck highlight
Trump free plays from the.
Speaker 3 (31:45):
Week Sunday's at noon Eastern.
Speaker 1 (31:47):
Find it on the iHeartRadio app or wherever you get
your podcasts.
Speaker 2 (31:51):
Welcome back into clay en Buck. Look, we've got calls
racked in stacked, we want to get to you. We're
not going to react to each one the way we'd
normally do, because you want your voices to be heard here.
We're coming up on the end of the show. So
Chris in Brockton, Massachusetts, your first up Hit It.
Speaker 8 (32:06):
Day.
Speaker 9 (32:07):
Hey guys, I just wanted to say I'm a big
supporter of the Gold Card, but I'm also a supporter
of the K one visa.
Speaker 8 (32:15):
Right.
Speaker 9 (32:15):
I think that American citizens should be able to go overseat.
Speaker 3 (32:19):
And find, you know, exotic women and.
Speaker 9 (32:22):
Marry them and bring them back and make them citizens.
My brother, for example, is a is a VET, and
he went overseas and then those travels met a woman
and now they're married and using the K one process
to bring them over here and make her a citizen.
Speaker 8 (32:35):
So I'm going to support of both of those, but.
Speaker 9 (32:38):
Unfortunately they can'tcel each other out because then rich people
will just marry and bypass that multi million dollar Gold
Card by marrying into citizenship.
Speaker 1 (32:48):
All right, thanks to the call, I see those as different.
We're key taking your calls. Most of those women aren't rich.
That's just men who have decided they like somebody else
outside of the country. And I don't think it's going
to impact paying down the national debt at all, which
is the debate here.
Speaker 3 (33:03):
Let's talk to Dave in Asheville, North Carolina. Dave, what
have you got?
Speaker 6 (33:08):
Yeah, you guys already stole my thunder on one idea,
and that is that all the money that would come
in from that program would have to go to the
national debt. But also I'd like to say that I
don't think American citizenship should ever be for sale. I
would be in favor of giving a person a green
card if they paid the five million dollars, and then
once they had that green card, they'd have legal status
(33:30):
and they could go through the same process as anyone
else who has a green card if they want to
become a citizen.
Speaker 2 (33:36):
Okay, thanks so much. Gretchen in Georgia, Gretchen, we got you.
Speaker 3 (33:40):
What's right?
Speaker 8 (33:42):
Yeah?
Speaker 7 (33:42):
Yeah, Hello, Rich doesn't always mean desirable. And how many
George Soroses do we want in this country? And would
they buy up all the land and then what would
we do the citizens here that are working to try
to achieve our own goodness by buying our own property
and working the American way. Also, would they be like
(34:05):
the Hollywood types that are all hate Trump haters and
they're all Democrats. Do we need more of those?
Speaker 1 (34:12):
Clay, what do you have to say to that? Thank you, Greg,
He's got some good questions. I would point out, Yeah, look,
I don't want George Soros is here, but Rupert Murdoch
is from Australia and he's the reason that we basically
have a conservative ecosystem at all.
Speaker 3 (34:26):
So I think it would balance out Rush and Rupert Murdoch.
Speaker 1 (34:29):
Yes, well, but yes, Rush has got an amazing legacy,
but Rupert legitimately built. I mean the New York Post,
the Wall Street Journal, the Fox News. Now he's got OutKick.
There are lots of entities that wouldn't exist but for
the support of Rupert Murdock.
Speaker 3 (34:45):
Mike in Indiana, Yes, yes.
Speaker 4 (34:47):
Hey, gentlemen, good afternoon. Yes, my take his gold card.
Wells buy you lawful presence here in this country, but
not citizenship. In fact, we should probably shut off immigration,
make that the only way you can get in is
to buy your way in as a wafful alien. As
a green card, but not citizenship. That would that should
take I don't know, ten to fifteen years to assimilate.
Speaker 3 (35:10):
All right, I see this one more call Chris and Tennessee.
Speaker 8 (35:16):
Play, you know, especially from Nate Bargatchi's comic Christmas special,
he said, come visit Nashville, but don't move here. The
fact is that it raises all these real estate prices.
And I live in rural Tennessee, and I'm just telling
you it's a big problem. I would love to see
(35:38):
the money come. I think it's a great idea to
get rid of the debt, but I just think it's
going to bring a whole lot of problems. There needs
to be some limitations on this, and I think you
guys have talked about some of those limitations, and that's
good idea.
Speaker 1 (35:52):
I agree all across. So here's what I would say.
In general, I think I'm pretty optimistic and favorable of this.
Do you think this is actually gonna happen, mister Midel bettingons,
I don't know, because I actually am curious. Will they
just reflexively line up against Trump on this? Because here's
what I see, Buck, I see this paired with birthright
(36:13):
citizenship right now, we give birthright citizenship, which often is
a drag on this country to anybody that crosses the
border illegally and has a baby. But Clay, you got
to put on your Marxist class warfare hat for a second.
Speaker 3 (36:28):
The Democrats be they just want more millionaires and billionaires.
They just want the rich people, and it's racist.
Speaker 2 (36:34):
You'd be like, wait, but we're taking millionaires from China
and from Brazil and from any where.
Speaker 3 (36:39):
They don't care. They're gonna say the class warfare stuff.
Speaker 1 (36:42):
If we do this in general, more money and more
successful people lifts the overall rising tide of everyone.
Speaker 3 (36:50):
That is the story of capitalism. I love this
All right, welcome in our number three Wednesday edition Clay
Travis buck Sexton show. One reason and by the way,
I encourage you as always go subscribe to the podcast
Byron Donald's and Tom Holman, both on in the last hour.
I think you will really enjoy those conversations. Lots of
information from inside of the administration breakdown. I think Byron
(00:23):
Donald's gonna be elected governor of Florida next year. That
would be my prediction. Obviously, there's lots of different things
that happened between now and then. Tom Homan is doing
a phenomenal job. I think I got us invited on
an ice raid, which I'm gonna be honest, sounds kind
of fun and badass.
Speaker 2 (00:39):
I think, Clay, you gotta be first through the door, swinging,
swinging the sledgehammer or the battering ram. I think, I, Clay,
have you ever worn tactical gear before? We're gonna get
you all kitted out?
Speaker 3 (00:52):
I went no.
Speaker 1 (00:55):
When I was a law student, I did a ride
around with Nashville local police because they wanted we were
doing criminal law. They were like, hey, you should actually
see what a cop does. And I've been involved in
criminal cases, not myself, but as a lawyer.
Speaker 3 (01:14):
This is lawyers. I'm talking about Clay.
Speaker 2 (01:15):
I'm talking throwing some flash bangs, throwing some elbows, you know.
Speaker 3 (01:19):
Getting nobody.
Speaker 1 (01:20):
I remember one of the thing that I found so
interesting was my criminal law professor at Vanderbilt University, Don Hall,
amazing guy, just a great guy, Rest in peace. I
taught generations of Vanderbilt lawyer's criminal law. He said that
when he would go, he would like to go because
he loved to kind of learn in real time how
(01:42):
do police saw It's really very fascinating. How do police
officers in a dynamic situation apply the law so that
the evidence that they collect or the arrest they make
are able to stand up under the challenges of defense attorney.
Speaker 2 (01:59):
You're going very academic on this. I just want video
of Clay tackling some gang men. Well, like, this is
where I was going.
Speaker 1 (02:05):
He said he had assisted as a law professor in
arresting bad guys because on one of the raids that
he was on, they had too many bad guys and
not enough cops and he just dove and tackled somebody.
Speaker 4 (02:20):
There.
Speaker 3 (02:21):
I'm talking about this happened.
Speaker 1 (02:23):
He was thinking, like this is going to be the
craziest legal hypothesis ever, dorky law professor, and he was
in good shape and like but but you know, actually
assisting in an arrest would be one of the all
time great fat background hypotheticals. And that's what he said
was going through his mind when he dove and made
the tackle. I think he, by the way, was an
(02:43):
FSU grad like Byron Donald's FSU.
Speaker 2 (02:48):
We could get you deputized by Ice. But you know,
you know, just just remember, you know, it's it's never
it's fine to throw the elbow clay. You know what
I'm saying. If somebody tries to take you down, you
got to what you gotta do.
Speaker 1 (03:01):
So I would love to do the raid now. So
I encourage you to go listen to our number two
when I asked if we could go on an Ice raid,
as other members of the media have. I also love
that Tom Holman said that he wasn't worried about us
leaking the Ice raid coming. I think that's a good
I think that's a good hypothesis from him. He's been
on a bunch of times over the years, even as
Biden had failed with the border.
Speaker 3 (03:21):
Okay, so we started as we.
Speaker 1 (03:24):
Brought in Tom Homan to talk about this Trump gold
card idea. And for those of you haven't seen this,
one reason I loved Trump is every now and then
he says something that I've never heard anybody talk about, Like,
I've never heard this disgust in any kind of substantial way.
And he said, look, there are a lot of countries
(03:46):
where you can buy citizenship and you will pay a
certain amount of money and you could become a citizen.
Speaker 3 (03:53):
And let me I started to explain this.
Speaker 1 (03:55):
My wife, Laura, who you well know, Buck, I would say,
has a few prepper tendencies, meaning we're adding a.
Speaker 3 (04:04):
Lot of guns. She's got a go bag.
Speaker 1 (04:07):
She's talked about building a underground bunker in the event.
Speaker 3 (04:12):
She has looked.
Speaker 1 (04:13):
During COVID, she got really afraid about where the country
was going. And when Biden was elected, she did research on, hey,
how do you become a citizen, for instance, of a
Caribbean nation. How do you become a citizen of a
place where you theoretically could be removed there's an ocean
(04:34):
to protect you from chaos elsewhere. And so she was
telling me all this stuff. She's got a law background too,
that there are actually tons of countries out there, and
I never really had looked into it or experienced it
where you can basically buy a passport, and it's not
just Caribbean nations. I believe the island of Malta you
(04:54):
can pay and you get an EU passport, so it
would entitle you to travel, for instance, all throughout the
European Union, you and your family. Meanwhile, we got all
these people coming illegally into our country trying to become citizens,
and we don't buy and large monetize that in any way.
So Trump, the ultimate businessman, has said we should have
(05:19):
a golden ticket basically where you pay five million dollars
and you and your family can come to the United
States and become citizens.
Speaker 3 (05:29):
And he took it a step further.
Speaker 1 (05:31):
And he said, if ten million people around the world
did this, we could eliminate our entire national debt. Now
I'm trusting Trump on this. Ten million times five million
is that fifty trillion?
Speaker 3 (05:45):
I don't know. I know it's a big number.
Speaker 1 (05:47):
I tried to do it on my calculator Bucke, and
then I got that E and a bunch of zeros.
And I'm not good enough at math to know can
somebody with a calculator confirm Trump's math here in the meantime,
listen to the audio.
Speaker 5 (06:01):
We'll be able to sell maybe a million of these cards,
maybe more than that. And if you add up the numbers,
they're pretty good. As an example, a million cards would
be worth five trillion dollars five trillion, and if you
sell ten million of the cards, that's a total of
fifty trillion dollars. Well, we have thirty five trillion in debt.
(06:22):
That'd be nice. So we'll see. But it could be great.
Maybe it will be fantastic. We have it all worked out.
From the legal standpoint, it's totally legal to do.
Speaker 3 (06:37):
Oh Buck, this is brilliant to me.
Speaker 1 (06:39):
And if the math adds up, and I'm trusting Trump
here because my calculator is not good enough, I don't
see what the downside is that you're skeptical. I could
see Buck's face. He's like, I don't know. I think
this is actually genius. Super rich people, all their assets
coming here, eliminating a substantial swath of our national debt.
(07:00):
We got ten million illegals that came in during Biden
with almost no assets. I would much rather have ten
million insanely rich people from around the world, paying off
our national debt and bring as many of their assets
here as possible. What am I missing?
Speaker 3 (07:15):
What do you?
Speaker 2 (07:15):
What are you skeptical about? First off, I just think
the numbers should be ten million.
Speaker 1 (07:20):
Okay, So you actually think we're not charging enough that
I don't think is enough.
Speaker 2 (07:24):
Yeah, I don't think that's I don't think that you
should just be able to get to the front of
the line on this. Look, here's the My My position
is that really we've actually had too much immigration for
too long, and that we need to just be America
for a while, like we're good. We need to get
we need to deport a lot of illegals. We need
to allow assimilation of the legal immigrants who have been
here to occur, which is just part of you know,
(07:46):
time and culture and exposure and being here. You know,
we that we it's kind of no room at the end.
Is a little bit of how I feel right now,
to be honest with you, I shouldn't say no room.
But it's been crazy, all right, And just look at
the numbers. The country's never been through anything like this before.
We've never had the level of both legal and illegal
(08:06):
immigration together in such a condensed period of time, to
the tune of millions, millions, tens of millions. We have
more foreign born Americans than at any time, certainly in
the last one hundred and fifty years, and so we
need we need a little you know, America gets to
just be America for a while. And that means I
think we got to look what Canada's doing. Canada went
(08:28):
through this and by the way, Canada has a points system,
how much money do you have, what level of education
do you have? And they got all kinds of problems
from this. So am I am I opposed to this
in principle. So on the one hand, there's just the
I don't I don't like, I don't want more H
one b's, you know, being added into the mix. I
very much disagreed. We didn't going to talk about this.
(08:49):
The whole vivague take on that I thought was horrendous
and wrong and and just like blasphemy as far as
I'm concerned for America. But anyway, I think that there
needs to be a change in the way that we're
taking in legal immigrants. Fine, I think it needs to
be less. Do we want very rich people to come here. Yes, Uh,
(09:10):
that's a good thing. They will bring assets, they will
create jobs. If it's going to be so easy that
you can just buy it, I think the number should
be higher than five million personally, So that's one thing.
Maybe Trump will be with me on that. And I
think it would have to be capped, right, So what
he's talking about would be anybody who wants it could
come here.
Speaker 1 (09:28):
Well, first of all, the question that I would have,
and this is the data nerd in me, is what
is the total addressable market? How many people actually have
the ability to pay five or in your case, I
don't necessarily disagree ten million to become citizens. And that's
people who are not obviously already in the United States
(09:48):
because and I understand people talk like, yeah, what are
you there are there are six million millionaires in China? Wow,
six million millionaires in Channel alone.
Speaker 2 (10:01):
Is America going to really feel that much like the America?
We know if you let in, let's just even say
half there. If three million Chinese millionaires are here, this
is we're getting into some real numbers.
Speaker 3 (10:14):
You know, that's a lot of people.
Speaker 1 (10:16):
Well, what I would say from one place point out
is a lot of these people would already own homes
in America, so the richer you are, the more likely
you are, frankly to stash your cash or and also
should you should you have to give up your I
don't think you should be allowed to be a dual
citizen with this. I don't like that for a whole
(10:36):
bunch of anation that's an interest. So I think you
have to be only a US died. I don't think
you could keep your EU passport or keep your Chinese passport.
If you're going to do this program that Trump's talking about,
you got to be all in on America. So again,
there's some details that need to be worked out. I'm
not I mean, I see your point, I see the numbers,
but but I feel like there also has to be
a component of this that you know, well, like that's
(11:00):
a little more of the old school. You love America,
you want to be America. Do you speak English?
Speaker 4 (11:06):
You know?
Speaker 3 (11:06):
These are all things that I.
Speaker 2 (11:07):
Think need to be added into the mix as well, which,
by the way, we haven't been doing that. To be clear,
I would overhaul the whole immigration system dramatically.
Speaker 1 (11:15):
What I look at is, if you ask me right now,
what is the biggest threat to American power. I would
say it's our thirty six trillion dollar national debt. And
I've heard very few legitimately intelligent takes on how we
could ever eliminate that in any of our lives, because
you can't. The math doesn't add up, right. You can't
(11:36):
tax enough to eliminate the thirty six trillion. Remember, what
Elon's trying to do right now is just get it
to the point where we're only spending a trillion more
than we bring in and then hope that the growth
in the nation is going to be fast enough to
eliminate that over time.
Speaker 2 (11:53):
He's trying to slow down the monster. He's not trying
to slay then it's impossible from to slay the monster.
Speaker 3 (11:57):
And he knows that.
Speaker 1 (11:59):
My concern is, and this is big picture as we're
getting ready for a break, but is the reason why
crypto is taking off is a lot of very smart
people are looking at our fiat currency, that is the dollar,
and they are saying the dollar is diminishing in value
every day because Americans have borrowed so much against it
that at some point in time, the borrowing cabal collapses.
Speaker 3 (12:22):
And when it does, whether.
Speaker 1 (12:23):
You're a billionaire, or you're living paycheck to paycheck, you
are going to bear the consequences. And I would argue,
we're all bearing the consequences now with seven percent mortgages,
with twenty some odd percent credit card interest, with the
amount you get in a lot of sixty months zero
percent interest. When you buy a car now, right, all
of that adds up. It takes money out of your pocket.
(12:45):
So your concern, I think, is an interesting one on
like geopolitical tensions, who the loyalty of these individuals owe
their loyalty to. My concern is, if you told me,
Clay you have a magic one, you can erase one
major concern in the United States. To me, it is
the national debt. And I've never heard anybody come up
with an idea of how to actually eliminate the national debt.
(13:08):
My question is, I don't know that the total addressable
market of people willing to do this is ten million, But.
Speaker 3 (13:14):
If it is, I don't think it is either. But
if it.
Speaker 1 (13:16):
Were, or if you doubled the cost like you said,
and it's five million, you could eliminate the whole national
debt just with this program.
Speaker 2 (13:24):
Well, it's also amazing to think about you can pay
five million dollars through the legal way, or until recently,
you could pay five thousand dollars to the cartel run
across the border and basically get a lot of the
same value out of it, especially if there's ever an
amnesty that comes, which the Democrats still want. So you know,
I don't I'm not comfortable with the idea of America
(13:44):
as an economic zone. And when you're selling citizenship it
starts to feel more and more like there to me,
there should be something more about America than just this
is a place where you can have assets, make money,
and that you know, there should be some like agree
we could be I mean I could be. I think
you're too old now, Clay, but I could still be drafted,
(14:05):
you know, like there's something more to this country.
Speaker 3 (14:08):
That's why you want me going in first on the
ice thing.
Speaker 1 (14:10):
You got too many good years of life, yet I
gotta take the I gotta take the bullet to the chest.
Speaker 2 (14:15):
Oh man, So we'll see. I'm very curious. Let's let's
open this on. This is a real talker. I think
this is a fascinating idea from Trump. Have you ever
heard it discussed ever?
Speaker 3 (14:24):
Never?
Speaker 4 (14:24):
Now?
Speaker 2 (14:25):
Not really no, so fur and against four and against
Trump's five million dollar. Instead of a green card, he's
calling it a gold card. What do you think about it?
Eight hundred and two way two two eight a two.
Speaker 1 (14:36):
It's like the Golden ticket from Willy Wonka, except you
have to buy it instead of getting it out of
the chocolate bar.
Speaker 3 (14:42):
What a great movie that was by back in the way,
back in the day.
Speaker 1 (14:45):
I want to tell you, we're talking about saving money.
We're talking about the fact the country's thirty six trillion
dollars in debt. How many of you out there are
just trying to save money on your credit card bill?
If you are on your credit card bill, everybody, But
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I use it to get in touch with them.
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Speaker 3 (16:24):
Find it in.
Speaker 1 (16:24):
Their podcast feed on the iHeartRadio app or wherever you
get your podcasts.
Speaker 3 (16:29):
All right, welcome back in everyone. We wanted to get
your thoughts.
Speaker 2 (16:32):
We're putting out the call here for all of you
on this Trump gold card issue.
Speaker 3 (16:38):
Call in.
Speaker 2 (16:38):
Also talkbacks. We love talkbacks that are very convenient for
you too. You don't wait on hold, you just send
them in. Download the iHeart app and then go to
the Clay and Buck page press the little microphone talkback
is a great new function only on the iHeart app.
Speaker 3 (16:52):
So go check that out.
Speaker 2 (16:53):
BB is the number, and we have a listener, Roger,
who sent it a talkback.
Speaker 3 (16:59):
Play it. You got to make a little bit rare.
Speaker 4 (17:00):
You got to put a cap on it, and then
they'll come even faster with their five or ten million dollars.
Speaker 3 (17:06):
Put a cap on it.
Speaker 6 (17:07):
You know, five million people can buy a ten million
dollar citizenship.
Speaker 3 (17:13):
It'll be a rush to the door.
Speaker 6 (17:15):
We'll do it in about ten minutes.
Speaker 7 (17:17):
The whole thing.
Speaker 3 (17:19):
You know, This is what I was saying.
Speaker 2 (17:21):
There's some even if it's a good idea, or rather
even if if it's not, we should go forward with Clay.
There's some details that do need to be worked out.
I do think there has to be a cap on it.
Speaker 1 (17:29):
I also want to know, and this is the question
I was asking, and let's dive back into this. We'll
take your calls. Your talkback sound like he was washing
dishes while he was talking back with us. By the way,
I want to know what the total addressable market is.
How many people, because you can be rich and not
have five million dollars in cash or ten million dollars
in cash, that's super rich. How many people in the
(17:49):
world actually are potentially involved here. We'll talk about that
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now saberradio dot com. That's sabr Eradio dot com. Fifteen
percent off today. Welcome back in Clay Travis Sexton show.
All right, a little bit of a window into how
my brain works, which sometimes is a dangerous place to be.
Let's be honest, I love this gold card idea citizenship
(19:12):
because to me in all facets. I don't know if
you've been paying attention to this buck, but I think
Elon Musk's management style is really fascinating, and I think
it really kind of boils things down. I know there's
a lot of people who own business as small businesses
out there involved in management. Elon says that the thing
that he has found is most valuable for him as
(19:32):
CEO is to find the thing that is the biggest
impediment to success and put all of his interest into
fixing it. And I think that sounds simple, but it
actually is brilliant because any of you out there that
have ever run a business or a small business, the
reality is you got like ten or fifteen different things
(19:53):
that you're trying to work on simultaneously. And when you
or your staff or your company are trying to work
on ten or fifteen things at time, ten or fifteen
different things at one time, your ability to change all
of those things inevitably runs into inertia and it becomes
more challenging. I'll give you an example in my own
(20:14):
business right now, I think we have at OutKick a
really poor ad sales team, meaning we are failing to
monetize our content as well as we should be. I
am putting all of my attention into making sure that
we monetize things as much as we can. Doesn't mean
there's not like fifteen other things that can be worked on,
(20:36):
but that is the number one thing to me. If
you told me right now, now that the border is sealed,
and now that crime is coming back down and we're
actually putting violent criminals in prison, we still have inflation
to deal with. But if you told me big picture,
Clay what is the biggest concern in the government. It's
our debt. It's going too soon eat up a huge
(20:59):
part of our tax dollars merely paying the debt interest,
not paying the debt down. And remember what we're talking
about now from politicians is only slowing down the rate
at which we add debt. You can maybe try to
address it through budget. That becomes difficult. You have to
(21:20):
raise taxes, you can fire people and shrink the size
of government. But a big part of this is eighty
six percent of our budget is Social Security, Medicare, Medicaid,
and defense eighty six percent. So if to a large
extent you're not touching that, then you're only able to
(21:41):
cut fourteen percent of our budget. Again, these are fraud numbers.
And I hear no one saying, how do we ever
pay down this debt? Trump, to his credit out of nowhere,
suddenly says hey, I mean I don't remember him campaigning
on this or anything, but he says, hey, we should
sell citizenship five million dollars. And my immediate response is
(22:03):
that sounds like genius to me. But the next question, Buck,
is there are lots of details associated with it. But
to me, the next question is how many people could
actually buy this, right?
Speaker 2 (22:17):
I told you there are six million millionaires in China, right,
so that's just one country. Now it's the biggest country
in the world. But you got to figure I think
if you opened up, man, this is this is like
if you ever remember those if you ever did any
consulting interviews for like mckensey clay, you know, those.
Speaker 1 (22:32):
Things would just give me a question that you had
no answer, idea what the answer is, and it works
the head.
Speaker 2 (22:38):
Yes, this is the classic thing. They say, how many
people go through Logan Airport, you know, on the second
Tuesday of the month, and you're supposed to and you
don't know the answer, but you're supposed to get to
some kind of answer and show them you're thinking anyway, whatever.
Speaker 3 (22:49):
Don't even get me started on consultants.
Speaker 2 (22:51):
But the I think if you thought about it in
this comp First of all, we have a lot of
millionaires in Miami in the area who are from Latin America.
We've got a lot of Latin American millionaires here. Now,
some of them are visitors. I know, some of them
are on visas obviously, but a lot of them have
moved here. So you're going to have millionaires from Asia,
(23:12):
a lot of millionaires from Asia that I think would
want to take take up this opportunity. You're going to
have some from the EU too, who are probably sick
of the taxes more than anything else and want to
be in a more dynamic economic environment than what you
see in the EU. But again, the devil's in the
details for me with this a little bit. I'm not
against the idea, I just my I have my concerns
(23:36):
about the idea. So here to your like McKinsey consulting question,
number of millionaires matters. But really, in order to stroke
a check for five million or ten million, that is
movable financial assets, most people, even very wealthy people, aren't
(23:56):
liquid enough that they could stroke a check for five
or ten million dollars. To me, that typically is going
to require probably this is my rough guess, that you
be worth twenty million dollars or more. Because a lot
of people's wealth is tied up in their home. A
lot of people's wealth is tied up in a small
business which may produce a decent amount of revenue every year.
(24:19):
But even if you run a fifty million dollar business
and own it, you might only be netting. I don't know,
three four million dollars in profit at the end of
the year and you might live really, really well. But again,
how many people have that? I just don't know. The
total addressable market is like I think you have to
be worth twenty million in order to even consider doing
(24:40):
this well. But again, and I hate to be the
stick in the mud here on this a little bit,
because you know, Trump's got a big.
Speaker 3 (24:46):
Beautiful idea. It's a big, beautiful idea. No question. Does
the whole family get to come if you're if you're.
Speaker 2 (24:52):
A Chinese, you know, one hundreds in family, like we
can't we can't have like grandma and grandpa and like
answer uncles, like you have to be the sun or no.
But now you're talking about again this is why I
get to the cap. Okay, so let's say you open
this thing up. You're gonna have three million foreigners. Let's say,
who are millionaires who can do this and who want
to do it. Over the course of Trump's four years,
(25:14):
average family size of four p You're gonna allow twelve
million foreigners to show up here. Now, a lot of
money that they bring, but they're not Americans. And you know,
again I come back to this thing of being an American.
We're not an economic zone, you know, We're we're not
a trade union. This is a special place with special meaning.
(25:35):
And I don't know that some guy who shows up
from Singapore who's like, oh, I've got a US passport
now because I wrote a big check is necessarily going
to perpetuate the America that we know.
Speaker 3 (25:46):
Maybe s maybe, No. Here's my concern right now.
Speaker 1 (25:50):
The asset of American citizenship is entirely a function of
you and me and everybody out there who's an American citizen. Certainly,
if you're born here blind good luck. Nobody gets to
sit around and be like, oh, I'm gonna pick, by
and large what country I live in. And so we're
all incredibly fortunate that our ancestors, at some point we're here,
(26:12):
and we were born here. And it's the one great
good fortune that I think most Americans do not think
about enough. You could have been born in Asia, you
could have been born in Africa, you could have been
born in some awful war torn region. We're all incredibly
lucky to be here. Now we give this away to people,
by and large, based to your point, buck, my understanding
(26:34):
is largely based on your relationship status with somebody else
who's already here, or with somebody walking illegally across the chain.
Speaker 2 (26:44):
Migration is a huge part of this, which is why
I've brought up even the birth tourism issue, where you
could have a foreign national comes here, gives birth here,
goes back home, and then at eighteen, that person is
a US citizen and they can sponsor the whole family.
And these are the games the scam. Look, our immigration
says has been incredibly scammed, but a big part of it,
and this is something to keep in mind. It is
(27:05):
currently federal law that you cannot be a charge of
the state in any way as an immigrant period. If
you come here a green card, asylum seeker, whatever, if
you come here, you're not supposed to be a dependent
on the state.
Speaker 3 (27:21):
Guess what.
Speaker 2 (27:21):
That's being violated millions and millions and millions of times over.
And so when you talk about bringing people here with
more money, I say, okay, that seems certainly better than
bringing the impoverished masses of the third world, which has
been the Democrat plan, no question right. And I think
that's the first The first step of this is recognizing
better to have people who aren't going to be a
charge of the state for sure, because they've got millions
(27:43):
of dollars. Also, I wonder, how do we know this
actually goes to pay down the debt? I mean, I
feel like Democrats, if there's a way to light this
money on fire, when the Democrats out Congress, they're going.
Speaker 3 (27:52):
To do it.
Speaker 1 (27:53):
I think you would have to pass a law that
says every dollar from this goes to pay down the
national debt. And this is why my way of looking
at this is, to me, you're using the great And
let me.
Speaker 3 (28:04):
Say this, it doesn't mean that.
Speaker 1 (28:06):
You are a genius or supremely intelligent that you are rich.
Let me put that out as a premise. But if
you have achieved a measure of success where you have
twenty million dollars in wealth in Brazil or in Argentine,
lot a lot of people get rich in the rest
of the world through the worst kind of corruption and
(28:29):
you know, underhanded dealing. Just to be clear, there's a
lot of places where that's actually if you're really rich
in Russia, it's not because you're so good at business.
So there are kleptocracies all over the world. My take
on it though is in many ways this is like
drafting the first round. Wealthy people around the world and
(28:50):
their money. When they buy this gold card, much of
their net wealth would immediately flow into the country and
they would buy great real estate, and they would they
would employ a ton of people.
Speaker 2 (29:04):
I sound like you to start talking about the condos,
the condos and gaza plays like it's going to be
beautiful gaza.
Speaker 3 (29:11):
I know what I said.
Speaker 1 (29:14):
But they would their money that they spend. This is
the entire basis of capitalism. The money that they would
spend here would raise the overall quality of life for everyone,
as opposed buck to the way we handle immigration now,
which is poor dude comes in and you and my
tax dollars have to go to pay for his hotel room.
Speaker 2 (29:34):
No question, the way it is now is not only terrible,
it's unsustainable. So that I mean, there's one hundred percent
agreement I think across the right and anybody who's saying
and can do math on that we cannot bring in
the impoverished, illiterate masses of the Third world who don't
speak English and just want access to welfare benefits as
fast as possible and expect to continue as America.
Speaker 3 (29:53):
So that's that is ironclad truth. But what do we
do about this?
Speaker 2 (29:57):
So this is let's get I want to get some
calls in. You want to get some calls in. We'll
come back here. We'll do a nice, long, a robust
segment of calls coming up. So if you're on hold,
stay with us, because I want to get various perspectives
of this.
Speaker 3 (30:09):
Because I love this.
Speaker 2 (30:09):
Trump brings up a new idea of Clay and I
are kind of work shopping it on air in real
time because this wasn't something I was reading about in
National Review back in nineteen ninety.
Speaker 3 (30:17):
Seven, like anybody talk about it? Yeah, I've never seen
It's interesting.
Speaker 2 (30:23):
Speaking of the debt gold something you should be thinking
about because Elon's only gonna be able to do so much.
He's admitted this. He's doing great work, but there's only
so much he can do, only so much. Trunk can
show worth thirty six trillion in counting, and inflation is
here to stay. Your savings are being chipped away at.
You want to have a hedge against this. You want
to be up on something. You want to be in
(30:45):
advance of the continued deterioration of the dollar, and that's
where that's what gold allows you to do. Anyone, anywhere
Cannon should be investing in gold as part of their
savings plan or your four oh one K plan or both.
Birch Gold can help you with this, just like they've
helped me. I've been an investor in gold for years
and just recently purchased more from Birch Goldgroup myself. Birch
(31:06):
Gold is the same company that's releasing an all new
study and how gold will fare in the Trump Era,
with a Ford by Donald Trump Junior. To get your
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(31:28):
buck to get your free copy of the Ultimate Guide
for Gold in the Trump Era, no obligation only information.
Speaker 1 (31:36):
Chief up with the biggest political comeback in world history.
On the Team forty seven podcast, Clay and Buck highlight
Trump free plays from the.
Speaker 3 (31:45):
Week Sunday's at noon Eastern.
Speaker 1 (31:47):
Find it on the iHeartRadio app or wherever you get
your podcasts.
Speaker 2 (31:51):
Welcome back into clay en Buck. Look, we've got calls
racked in stacked, we want to get to you. We're
not going to react to each one the way we'd
normally do, because you want your voices to be heard here.
We're coming up on the end of the show. So
Chris in Brockton, Massachusetts, your first up Hit It.
Speaker 8 (32:06):
Day.
Speaker 9 (32:07):
Hey guys, I just wanted to say I'm a big
supporter of the Gold Card, but I'm also a supporter
of the K one visa.
Speaker 8 (32:15):
Right.
Speaker 9 (32:15):
I think that American citizens should be able to go overseat.
Speaker 3 (32:19):
And find, you know, exotic women and.
Speaker 9 (32:22):
Marry them and bring them back and make them citizens.
My brother, for example, is a is a VET, and
he went overseas and then those travels met a woman
and now they're married and using the K one process
to bring them over here and make her a citizen.
Speaker 8 (32:35):
So I'm going to support of both of those, but.
Speaker 9 (32:38):
Unfortunately they can'tcel each other out because then rich people
will just marry and bypass that multi million dollar Gold
Card by marrying into citizenship.
Speaker 1 (32:48):
All right, thanks to the call, I see those as different.
We're key taking your calls. Most of those women aren't rich.
That's just men who have decided they like somebody else
outside of the country. And I don't think it's going
to impact paying down the national debt at all, which
is the debate here.
Speaker 3 (33:03):
Let's talk to Dave in Asheville, North Carolina. Dave, what
have you got?
Speaker 6 (33:08):
Yeah, you guys already stole my thunder on one idea,
and that is that all the money that would come
in from that program would have to go to the
national debt. But also I'd like to say that I
don't think American citizenship should ever be for sale. I
would be in favor of giving a person a green
card if they paid the five million dollars, and then
once they had that green card, they'd have legal status
(33:30):
and they could go through the same process as anyone
else who has a green card if they want to
become a citizen.
Speaker 2 (33:36):
Okay, thanks so much. Gretchen in Georgia, Gretchen, we got you.
Speaker 3 (33:40):
What's right?
Speaker 8 (33:42):
Yeah?
Speaker 7 (33:42):
Yeah, Hello, Rich doesn't always mean desirable. And how many
George Soroses do we want in this country? And would
they buy up all the land and then what would
we do the citizens here that are working to try
to achieve our own goodness by buying our own property
and working the American way. Also, would they be like
(34:05):
the Hollywood types that are all hate Trump haters and
they're all Democrats. Do we need more of those?
Speaker 1 (34:12):
Clay, what do you have to say to that? Thank you, Greg,
He's got some good questions. I would point out, Yeah, look,
I don't want George Soros is here, but Rupert Murdoch
is from Australia and he's the reason that we basically
have a conservative ecosystem at all.
Speaker 3 (34:26):
So I think it would balance out Rush and Rupert Murdoch.
Speaker 1 (34:29):
Yes, well, but yes, Rush has got an amazing legacy,
but Rupert legitimately built. I mean the New York Post,
the Wall Street Journal, the Fox News. Now he's got OutKick.
There are lots of entities that wouldn't exist but for
the support of Rupert Murdock.
Speaker 3 (34:45):
Mike in Indiana, Yes, yes.
Speaker 4 (34:47):
Hey, gentlemen, good afternoon. Yes, my take his gold card.
Wells buy you lawful presence here in this country, but
not citizenship. In fact, we should probably shut off immigration,
make that the only way you can get in is
to buy your way in as a wafful alien. As
a green card, but not citizenship. That would that should
take I don't know, ten to fifteen years to assimilate.
Speaker 3 (35:10):
All right, I see this one more call Chris and Tennessee.
Speaker 8 (35:16):
Play, you know, especially from Nate Bargatchi's comic Christmas special,
he said, come visit Nashville, but don't move here. The
fact is that it raises all these real estate prices.
And I live in rural Tennessee, and I'm just telling
you it's a big problem. I would love to see
(35:38):
the money come. I think it's a great idea to
get rid of the debt, but I just think it's
going to bring a whole lot of problems. There needs
to be some limitations on this, and I think you
guys have talked about some of those limitations, and that's
good idea.
Speaker 1 (35:52):
I agree all across. So here's what I would say.
In general, I think I'm pretty optimistic and favorable of this.
Do you think this is actually gonna happen, mister Midel bettingons,
I don't know, because I actually am curious. Will they
just reflexively line up against Trump on this? Because here's
what I see, Buck, I see this paired with birthright
(36:13):
citizenship right now, we give birthright citizenship, which often is
a drag on this country to anybody that crosses the
border illegally and has a baby. But Clay, you got
to put on your Marxist class warfare hat for a second.
Speaker 3 (36:28):
The Democrats be they just want more millionaires and billionaires.
They just want the rich people, and it's racist.
Speaker 2 (36:34):
You'd be like, wait, but we're taking millionaires from China
and from Brazil and from any where.
Speaker 3 (36:39):
They don't care. They're gonna say the class warfare stuff.
Speaker 1 (36:42):
If we do this in general, more money and more
successful people lifts the overall rising tide of everyone.
Speaker 3 (36:50):
That is the story of capitalism. I love this
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