This could make it to the Supreme Court β€˜quickly’: Andrew Cherkasky

Fox Business
20 Mar 202414:41

Summary

TLDRThe transcript discusses the legal and financial challenges faced by former President Donald Trump due to a significant court judgment. It highlights the potential implications for businesses in New York and the broader issue of a two-tiered justice system. Additionally, the conversation touches on the impact of high taxes and anti-business policies on cities like Chicago and California, and the push by progressives for lower interest rates despite concerns over uncontrolled inflation.

Takeaways

  • πŸ“œ The discussion revolves around the legal and financial challenges faced by former President Donald Trump, particularly regarding a bond related to a court judgment.
  • πŸ›οΈ Andrew, a former federal prosecutor, argues that the situation may violate the 8th Amendment against excessive fines and discusses the potential legal remedies and appeals available to Trump.
  • πŸ’Ό Economist Steve Moore highlights the chilling effect of the judgment on businesses in New York, suggesting that it may lead to businesses reconsidering their models and allegiances in the state.
  • 🏒 The conversation touches on the unfavorable business climate in New York, which is viewed as unsupportive of entrepreneurs and businesses.
  • 🌐 Trump's contributions to modern New York through his real estate developments are acknowledged, despite the current legal and political challenges he faces.
  • πŸ’° The potential for Trump to leverage his stake in a publicly traded entity, Digital World Acquisition, to secure liquidity without needing a bond is discussed.
  • πŸ›οΈ The legal process for posting a bond is outlined, emphasizing that Trump currently lacks the necessary liquidity and cannot use his real estate holdings for this purpose.
  • πŸ“ˆ The impact of the mansion tax proposal in Chicago is discussed, with concerns raised about its effects on long-time property owners and the city's business climate.
  • πŸ—³οΈ The script also mentions ongoing presidential primaries in various states and the importance of the Ohio Senate primary.
  • πŸ›οΈ The idea of double-tracking appeals, both in state and federal courts, is brought up, with an explanation of the need to exhaust state appeals before moving to federal ones.
  • 🌟 Steve Moore shares his recent interaction with Trump, emphasizing Trump's upbeat and forward-looking attitude despite the legal challenges and political opposition.

Q & A

  • What is the main legal issue discussed in the transcript regarding Donald Trump?

    -The main legal issue discussed is the violation of the 8th Amendment regarding excessive fines and the requirement for Donald Trump to post a bond equivalent to 120% of a judgment due.

  • What is the potential impact of the judgment on businesses in New York according to the transcript?

    -The transcript suggests that the judgment could chill businesses in New York, as they may fear being targeted for their political affiliations or being put in a financial corner, similar to what is happening with Donald Trump.

  • How does the transcript describe New York's business climate?

    -The transcript describes New York as having one of the most unfavorable business climates, which is one of the reasons people have been moving away from the state.

  • What is the significance of Donald Trump's contributions to New York mentioned in the transcript?

    -The transcript highlights that Donald Trump helped build modern New York by constructing large buildings and being a fixture of the community, suggesting that the legal actions against him could be seen as a form of retribution.

  • What is the potential legal strategy for Donald Trump to avoid posting a bond as discussed in the transcript?

    -The transcript mentions the possibility of Donald Trump borrowing against his stake in a publicly traded entity, Digital World Acquisition, to raise the necessary liquid funds without needing to post a bond.

  • What is the process for Donald Trump to appeal the judgment according to the transcript?

    -The transcript explains that Trump would first need to file an appeal, which would likely be rejected by the court if the bond requirement is still in place. He would then appeal to the next layer of the New York appellate courts and potentially make his way to the Supreme Court from the state high court decision.

  • What is the concern about the 'mansion tax' proposed in Chicago as discussed in the transcript?

    -The concern is that the mansion tax, which imposes a graduated tax on properties over a certain value, could negatively impact not just large skyscrapers but also long-time residents and businesses in areas that have gentrified over time.

  • What is the potential impact of the mansion tax on Chicago's population according to the transcript?

    -The transcript suggests that the mansion tax could contribute to the ongoing population loss in certain areas of Chicago, particularly affecting those who have invested in properties since the 1980s that are now worth over a million dollars.

  • How does the transcript characterize the political leadership in Chicago?

    -The transcript characterizes the political leadership in Chicago as Marxist, with a focus on redistribution and taxing the rich, which has contributed to an anti-business atmosphere and population loss.

  • What is the criticism of progressive policies in California as discussed in the transcript?

    -The criticism is that despite having some of the highest taxes in the country, California has a record budget deficit, suggesting that high taxes and progressive policies are not effective in managing the state's finances or attracting residents.

  • What is the stance of the speakers in the transcript on the idea of lowering interest rates?

    -The speakers in the transcript are against the idea of lowering interest rates, arguing that it would not be beneficial given the current economic conditions, including uncontrolled inflation and the impact on safe investments for the elderly and those on fixed incomes.

  • What is the concern about the proposed interest rate cuts by progressives as discussed in the transcript?

    -The concern is that the proposed interest rate cuts by progressives could lead to increased inflation and financial instability, as well as negatively affecting those who rely on safe investments for their income.

Outlines

00:00

πŸ“š Legal and Financial Strategies for Trump's Appeal

The paragraph discusses the legal and financial challenges faced by former President Donald Trump following a court judgment requiring a significant bond posting. The conversation involves former federal prosecutor Andrew and economist Steve Moore, who analyze the potential for Trump to appeal the decision, the implications of the 8th Amendment regarding excessive fines, and the possibility of Trump using his stake in a publicly traded entity for financial leverage. The discussion also touches on the broader impact on businesses in New York and the perception of the state's business climate.

05:00

πŸ›οΈ The Impact of Political Bias on Business Climate

This paragraph focuses on the perceived negative impact of political bias on the business climate, particularly in New York. It highlights the concerns of businesses fearing targeted political attacks and the potential for bankruptcy due to such biases. The conversation includes personal anecdotes, such as a dinner with Trump, and discusses the population loss in certain counties, attributed to the anti-Trump sentiment. The implementation of a mansion tax in Chicago is also discussed, with concerns raised about its potential impact on long-time property owners and the city's economy.

10:01

πŸŒ† The Exodus from Progressive Cities and States

The paragraph delves into the consequences of progressive policies in cities like Chicago and states like California, suggesting that these policies are driving people away. It discusses the high taxes and anti-business atmosphere in Chicago, leading to the departure of prominent figures like Ken Griffin. The conversation also touches on the record budget deficit in California, despite high taxes, and the migration of people to states like Texas and Florida. The paragraph criticizes the persistence of failed ideas and the negative effects on constituents, especially the elderly and those on fixed incomes.

Mindmap

Keywords

πŸ’‘8th Amendment

The 8th Amendment to the United States Constitution is a part of the Bill of Rights and protects against excessive fines. In the context of the video, it is mentioned as a potential violation due to the high bond required by the court from Donald Trump.

πŸ’‘Appeal

In legal terms, an appeal is a formal request for a higher court to review and potentially overturn a lower court's decision. The video discusses the possibility of Donald Trump appealing the court's decision regarding the bond.

πŸ’‘Bond

A bond in a legal context is a security or pledge of property given as a guarantee of performance. In this case, it refers to the financial guarantee that Donald Trump is required to post in relation to a court judgment.

πŸ’‘Business Climate

The business climate refers to the overall environment and conditions in a particular area that affect the growth and success of businesses. The video script suggests that New York has an unfavorable business climate, which may lead businesses to reconsider their presence in the state.

πŸ’‘Digital World Acquisition

Digital World Acquisition is a publicly traded entity that is merging with a company associated with Donald Trump. This merger could potentially provide Trump with a liquid asset that he could use as collateral.

πŸ’‘Supreme Court

The Supreme Court is the highest court in the United States and has the final say on legal matters. In the context of the video, it is mentioned as a potential destination for Trump's appeal if lower courts do not rule in his favor.

πŸ’‘Two-Tier Justice

The term 'two-tier justice' refers to a perceived or actual situation where different legal standards or outcomes are applied based on the status or influence of the individuals involved. In the video, it is suggested that there is a disparity in how justice is applied in 'blue states' like New York.

πŸ’‘Mansion Tax

A mansion tax is a proposed tax on high-value properties, often aimed at the wealthiest property owners. In the video, it is mentioned as a new tax being considered in Chicago, which would impose a graduated tax on properties over a certain value.

πŸ’‘Progressive Policies

Progressive policies are those that aim to promote social reform and reduce economic inequality, often through increased government intervention and regulation. The video criticizes progressive policies, suggesting they lead to negative outcomes such as high taxes and business flight.

πŸ’‘Federal Reserve

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States, responsible for implementing monetary policy. In the video, there is a discussion about progressives pushing the Federal Reserve to lower interest rates.

Highlights

Discussion on the potential violation of the 8th Amendment due to excessive fines in the case of President Trump.

Mention of President Trump's legal situation regarding the bond and his appeal process.

Concerns about the impact of the judgment on businesses in New York and potential rethinking of business models in the state.

Steve Moore's perspective on the unfavorable business climate in New York and its effects on the population and businesses.

Discussion on Donald Trump's contributions to modern New York through his real estate developments.

Exploration of the possibility of Trump borrowing against his stake in a publicly traded entity to raise funds for the bond.

Legal strategies available to Trump in terms of posting the bond and pursuing his appeal.

Concerns about the two-tier justice system in the United States and its implications for business owners.

Steve Moore's account of his recent interaction with Donald Trump and Trump's positive outlook despite legal challenges.

Discussion on the impact of political affiliations on businesses and the potential for bureaucrats to target businesses for political gain.

Analysis of the Ohio Senate primary and the three Republican candidates vying to face the only remaining Democrat Senator in the state.

Chicago's proposal for a new mansion tax on properties over a certain value and its potential impact on the city's economy.

Concerns about the potential negative effects of the mansion tax on long-time property owners in Chicago's Black communities.

Steve Moore's commentary on the decline of Chicago due to high taxes and an anti-business atmosphere.

Comparison of Chicago's situation with failed tax policies in Los Angeles and the broader issue of high taxes driving people out of progressive cities and states.

Discussion on the Federal Reserve's March policy meeting and progressives' push for lower interest rates.

Critique of the progressive agenda and its potential to exacerbate inflation and negatively impact vulnerable populations.

Concerns about the impact of interest rate cuts on safe investments and the financial security of the elderly and those on fixed incomes.

Transcripts

00:01

POSTED:

00:02

DAGEN: LET'S BRING IN FORMER

00:05

FEDERAL PROSECUTOR ANDREW

00:08

AND FREEDOM WORKS CHIEF

00:11

ECONOMIST STEVE MOORE.

00:13

ANDREW, LET ME START WITH

00:14

YOU ON THIS.

00:15

THIS VIOLATES THE 8

00:19

AMENDMENT GUARANTEE AGAINST

00:21

EXCESSIVE FINDS.

00:29

WHERE DOES THIS GO WITH

00:30

PRESIDENT TRUMP NOT HAVING

00:31

THE BOND.

00:32

THIS WILL APPELLATE COURT

00:36

ALLOW THE APPEAL WITHOUT THE

00:37

BOND IN PLACE.

00:41

YOU ARE RIGHT.

00:42

THE QUESTION IS HOW WILL IT

00:45

WORK ITS WAY THROUGH THE

00:46

COURT OF APPEALS, I AM

00:48

HOPEFUL NEW YORK COURT WILL

00:49

TAKE A LOOK AT WHAT DONALD

00:51

TRUMP IS ASKING FOR A LOWER

00:53

BOND OR SAYING HE SHOULD BE

00:55

ABLE TO GO THROUGH APPELLATE

00:56

PROCESS WITH NO BOND, THAT

00:59

, THAT IS REASONABLE ACT

01:01

OF, EVEN IF THAT IS NOT ABLE

01:03

TO HAPPEN, I DON'T THINK

01:04

THAT EXHAUSTS THE LEGAL

01:07

REMEDIES AND APPEALS THAT

01:08

DONALD TRUMP WILL HAVE, THIS

01:10

COULD MAKES IT WAY TO

01:11

SUPREME COURT QUICKLY.

01:13

SEAN: STEVE, WITH THE

01:15

JUDGMENT THIS SIZE, AND

01:17

REQUIREMENT, DONALD TRUMP

01:18

WOULD HAVE TO POST A BOND

01:20

120% OF THE JUDGMENT DUE,

01:23

TRUMP SAID THEY ARE LOOKING

01:25

FOR ASSETS OF A BILLION

01:27

DOLLARS.

01:27

THIS HAS TO CHILL EVERY

01:30

BUSINESS IN NEW YORK SAYING,

01:32

IF THEY CAN GO AFTER DONALD

01:34

TRUMP AND PUT HIM IN A

01:35

CORNER, THIS COULD HAPPEN TO

01:36

ANY OF US, I HAVE TO IMAGINE

01:39

THERE HAVE TO BE BUSINESSES

01:40

RETHINKING THEIR ALLEGIANCE

01:45

AND BUSINESS MODELS IN THE

01:46

STATE.

01:47

>> NEW YORK HAS ONE OF THE

01:48

MOST UNFAVORABLE BUSINESS

01:50

CLIMATES ACCORDS TO STATE

01:53

LEGISLATIVE GROUP, THAT

01:55

ONE OF THE THE REASON THAT

01:56

PEOPLE HAVE BEEN MOVING.

01:58

THIS IS JUST A SIGN BY THE

02:01

JUDICIAL TEMP IN -- SYSTEM

02:04

IN NEW YORK THAT WE'RE NOT

02:05

OPEN FOR BUSINESS, WE VIEW

02:07

BUSINESSMEN AND WOMEN AS

02:09

ENEMIES OF THE STATE.

02:11

LET'S NOT FORGET THAT DONALD

02:13

TRUMP, WHETHER YOU LIKE HIM

02:15

OR NOT HELPED BUILD MODERN

02:17

NEW YORK.

02:18

HE BUILT HUGE BUILDINGS AND

02:19

HE YOU KNOW, HAS BEEN A

02:21

FIXTURE OF THE COMMUNITY

02:22

THERE, THIS IS THE REPAYMENT

02:24

FOR HIM, THIS IS OUTRAGEOUS,

02:26

A LOT OF VIEWERS OF THIS

02:28

SHOW AGREE WITH ME, RIGHT

02:29

NOW IN AMERICA WE HAVE A

02:31

TWO-TIER JUSTICE

02:36

SEMIS, LIKE IN BLUE STATES

02:38

LIKE NEW YORK.

02:40

DAGEN: ANDREW.

02:41

THE PARENT OF A TRUE SOCIAL

02:43

TO BE MERGING AT END THIS

02:45

WEEK WITH AN ENTITY IT IS

02:47

DIGITAL WORLD ACQUISITION

02:49

THAT IS PUBLICLY TRADED IF

02:51

THAT GOES THROUGH, THEN THIS

02:53

WILL BE AN EASILY VALUED

02:56

STAKE THAT PRESIDENT TRUMP

02:57

OWNS IN A PUBLICLY TRADED

03:01

ENTITY, THAT WOULD GIVE HIM

03:03

LIQUID HE COULD BORROW

03:05

AGAINST.

03:06

IF HE COULD BORROW AGAINST

03:06

THAT MONEY, IT -- HIS STAKE

03:09

AND HIS WORTH A COUPLE

03:12

BILLION, COULD HE JUST

03:13

BORROW AGAINST THAT AND NOT

03:15

NEED A BOND, IS HE ALLOWED

03:17

TO PUT UP, IF HE CAN GET

03:19

MONEY IN CASH AND DUMP IT IN

03:22

WITH THE COURT IS THAT

03:24

ALLOWED OR DUMP THE CASH

03:26

WITH ASSURITY COMPANY?

03:28

>> THERE ARE SPECIFIC

03:30

PROCESSEES TO BE FOLLOWED

03:33

WHETHER HIM PUTTING

03:36

CASH IN TOTAL OR ENOUGH FOR

03:38

A BOND.

03:38

THAT IS HIS PROBLEM RIGHT

03:40

NOW HE DOES NOT HAVE LIQUIDY

03:41

FROM A CASH BASIS.

03:43

AS OPPOSED TO THE GREAT

03:45

HOLDINGS HE HAS IN REAL

03:46

ESTATE, YOU CAN'T USE THAT

03:48

LEVERAGE TO GET THE BONDS.

03:51

I AM NOT READY TO COUNT HIM

03:53

OUT IN TERMS OF DIFFERENT

03:54

LEGAL OR BUSINESS STRATEGIES

03:56

HE COULD USE BETWEEN NOW AND

04:00

MONDAY TO POST THE BOND AND

04:01

HAVE HIS FULL APPEAL, EITHER

04:03

WAY THE APPELLATE ROAD IS

04:06

LONG AHEAD FOR HIM.

04:07

SEAN: TO ANDREW, QUICKLY, I

04:10

HAVE TO IMAGINE THAT THE

04:12

APPELLATE COURT DOESN'T LOOK

04:15

KINDLY ON DONALD TRUMP

04:17

EITHER.

04:18

AND SO, WE HAVE THIS

04:20

CONVERSATION ABOUT 8

04:21

AMENDMENT AND FEDERAL ROUTE

04:23

FOR APPEAL, YOU CAN DOUBLE

04:25

TRACK IT.

04:27

CAN HE APPEAL IN STATE COURT

04:29

AND FEDERAL APPEAL AS WELL

04:31

OR DOES HE HAVE TO EXHAUST

04:32

THE STATE APPEAL THEN GO

04:34

FEDERAL?

04:35

>> SHE WOULD HAVE TO EXHAUST

04:37

STATE APPEAL, I WOULD

04:38

IMAGINE HE WOULD MONDAY FILE

04:41

HIS APPEAL, IT WOULD BE

04:42

REJECTED BY THE COURT IF

04:44

THEY ARE STILL REQUIRING

04:45

THAT BOND.

04:46

-- THEN HE WOULD APPEAL TO

04:48

NEXT LAYER OF THE NEW YORK

04:51

APPELLATE COURTS TO COMPLAIN

04:52

THAT THE APPEAL SHOULD HAVE

04:54

BEEN CONSIDERED DESPITE THE

04:55

BOND, WHICH THAT IS REJECTED

04:57

THEN HE COULD HAVE HIS PATH

04:59

TO SUPREME COURT AS A DIRECT

05:00

APPEAL FROM THE STATE HIGH

05:02

COURT DECISION.

05:03

DAGEN: STEVE, IN TERMS OF,

05:06

THIS IS WHAT SOMEONE TOLD ME

05:08

WHO WORKED IN BUSINESS, THE

05:10

MESSAGE IS BACK THE WRONG

05:11

PERSON POLITICALLY AND THESE

05:16

PURECRATS GO AFTER --

05:18

BUREAUCRATS WILL GO AFTER

05:19

YOUR BUSINESS AND TRY TO

05:20

BANKRUPT YOU FOR YOUR OWN

05:22

POLITICAL GAIN, I AM

05:23

SURPRISED THAT MORE

05:25

BUSINESSES HAVE NOT SKI DAD

05:29

ELED FROM THIS HELL

05:30

HOLE.

05:30

>> THEY ARE DOING IT AT

05:33

RECORD PACE, NEW BUREAU CAME

05:36

OUT ON COUNTIES LOSING

05:38

POPULATION, A LOT OF THOSE

05:40

COUNTIES, AROUND NEW YORK

05:40

CITY ARE LOSING THEIR

05:42

POPULATION BECAUSE OF THE

05:44

ADVERSE VIEW THAT THE

05:46

POLITICIANS HAVE ON TRUMP.

05:50

BUT, HERE IS AN INTERESTING

05:52

THING TO TELL YOU, I WAS

05:54

FORTUNATE ENOUGH TO HAVE

05:55

DINNER WITH DONALD TRUMP

05:57

THURSDAY NIGHT IN

05:59

MAR-A-LAGO.

05:59

I JUST GOT TO TELL YOU, HE

06:01

IS UPBEAT AND CHARGING

06:03

FORWARD, MOST OF US WOULD BE

06:06

WILLING UNDER -- WILTING,

06:08

THEY WANT TO PUT HIM IN JAIL

06:11

FOR 550 YEARS AND HE IS

06:13

TALKING ABOUT GETTING THE

06:14

ECONOMY GOING AND MAKING

06:15

AMERICA GREAT AGAIN HERE, IS

06:17

LIKE A SUPERHERO THAT WAY

06:19

DEFLECTING FROM THE CRAZY

06:21

LUNATIC CHARGES AGAINST HIM,

06:22

THAT SAY REAL ADMIRABLE

06:25

FUTURE OF DONALD TRUMP.

06:26

SEAN: DONALD TRUMP IS A

06:27

UNIQUE CAT FOR SURE, HE

06:29

KEEPS CHARGES ON WITH A

06:31

GREAT ATTITUDE, ANDREW THANK

06:32

YOU FOR BEING WITH US, STEVE

06:34

STICK AROUND FOR A BIT.

06:35

WE HAVE MORE QUESTIONS FOR

06:37

YOU.

06:37

ANDREW THANK YOU.

06:40

>> AMERICANS ARE HITTING

06:41

POLLS, IN ARIZONA, FLORIDA,

06:44

ILLINOIS, KANSAS AND OHIO,

06:48

HOLDING PRESIDENTIAL

06:49

PRIMARIES.

06:49

DAGEN: IN OHIO, ALL EYES ON

06:52

SENATE PRIMARY.

06:55

SEAN: 3 REPUBLICANS RUNNING

06:57

FOR A CHANCE TO FACEOFF

06:59

AGAINST ONLY DEMOCRAT

07:02

SENATOR REMAINING IN BUCKEYE

07:03

STATE THAT SHARON BROWN.

07:05

DAGEN: BERNIE MORENO IS A

07:08

BUSINESSMAN BACKED BY

07:09

PRESIDENT TRUMP, AND JD

07:12

VANCE.

07:13

HE CAUGHT HEAT FROM TRUMP

07:14

FOR CHANGING TEAM'S NAME

07:16

FROM THE CLEVELAND INDIANS,

07:19

WAIT.

07:20

AND THE LAST ON THE LIST,

07:21

SECRETARY OF STATE FRANK LA

07:24

ROSE.

07:24

SEAN: TO ILLINOIS, CHICAGO

07:26

VOTERS DECIDING WHETHER THAT

07:28

I WANT TO CHANGE THE WAY

07:29

THAT REAL ESTATE IS

07:31

TRANSFERRED, OR TAXED.

07:32

AND PROPOSING A NEW MANSION

07:35

TAX.

07:36

DAGEN: KELLY SIBIRY IS LIVE

07:41

IN CHICAGO TO BREAK DOWN

07:43

THAT MANSION TAX.

07:44

REPORTER: WE SAW THIS HAPPEN

07:46

IN L.A., THEY IMPOSE THIS

07:49

TRANSFER TAX AFTER IT PASSED

07:52

BY 58% IN FOR PROPERTIES

07:55

OVER 5 MILLION, HERE IN

07:57

CHICAGO PEOPLE ARE VOTING ON

07:58

SAME GRADUATE THE TACK FOR

08:01

PLOPTY --

08:06

GRADUATED TAX FOR PROPERTIES

08:10

OVER 1 MILLION DOLLAR,

08:17

PROPOSE.

08:18

SO THAT SAY 20% DECREASE.

08:20

FOR SALES BETWEEN 1 MILLION

08:22

AND 1.5 MILLION, THE RATE

08:24

WOULD BE 10 DOLLARS FOR

08:27

EVERY $500 IN VALUE.

08:29

THEN OVER 1.5 MILLION, YOU

08:31

ARE LOOKING AT TAX

08:33

INCREASING TO 15 BUCKS FOR

08:35

EVERY 500 DOLLARS IN

08:37

PURCHASE PRICE, MAKING A 200

08:39

MILLION DOLLAR PROPERTY

08:40

TAXES INCREASE FROM 15

08:44

THOUSAND TO 60 THOUSAND,

08:47

SUPPORTERS TELL US IT COULD

08:49

RAISE 100 THOUSAND TO COMBAT

08:51

HOMELESSNESS IN THE CITY,

08:52

BUT THE OPPONENTS TELL ME

08:53

THIS IS NOT JUST THE BIG

08:55

SKYSCRAPERS THAT WE'RE

08:57

TALKING ABOUT.

08:58

>> THEY ARE CONCERNED ABOUT,

09:01

AND AREAS OF THE BLACK

09:03

COMMUNITY, WHERE THERE HAVE

09:05

BEEN SEVERAL PEOPLE SINCE

09:07

1980s WHO HAVE INVESTED IN

09:08

THAT AREA.

09:09

AND THEY OWN PROPERTY, THAT

09:11

ARE NOW WORTH OVER A

09:13

MILLION.

09:13

YOU KNOW THAT COMMUNITY WILL

09:16

SUFFER FROM THIS.

09:18

REPORTER: SOME OF THESE

09:19

ESTIMATES SAY THAT IS THERE

09:20

ABOUT 40 THOUSAND OF THESE

09:22

DIFFERENT BUSINESSES THAT OR

09:25

PROPERTIES THAT ARE OWNED BY

09:26

EVERY DAY HARD WORKING

09:30

PEOPLE IN CHICAGO.

09:31

DAGEN: THANK YOU, KELLY FOR

09:33

LAYING OUT THIS STUPID

09:34

IDEA.

09:35

COMING OUT OF CHICAGO.

09:36

>> FOR MORE, WE WELCOME BACK

09:39

STEVE MOORE.

09:40

YOU ARE THE SON OF CHICAGO.

09:43

YET OR TWO DAYS AGO WE WERE

09:45

TALKING ABOUT THE

09:49

REPARATIONS PUSH IN CHICAGO,

09:50

THEY WANT DESCENDANTS OF

09:54

SLAVES TO NOT PAY PROPERTY

09:56

TAXES, NOW A MANSION TAX,

09:57

PLAY OUT WHEN CHICAGO LOOKS

10:00

LIKE IF THEY HAVE THAT, WHAT

10:02

HAPPENS TO PEOPLE WITH

10:05

MONEY?

10:06

>> I MEAN, AS YOU KNOW THIS

10:08

IS HEARTBREAKING TO ME, I

10:11

GREW UP IN CHICAGO, I LOVE

10:12

THE CITY, IT IS ONE OF THE

10:14

10 GREATEST CITIES IN THE

10:15

WORLD, I AM BIASED.

10:17

BUT TO SEE WHAT SHAPED IN

10:18

THE LAST -- WHAT HAPPENED IN

10:20

LAST 5 OR 6 YEARS, AND A

10:22

YEAR AND A HALF AGO THE CITY

10:24

OF CHICAGO RESIDENTS VOTED

10:27

FOR A MARXIST FOR THEIR

10:29

MAYOR, HE IS A TRUE MARXIST,

10:31

HE BELIEVES TO

10:32

REDISTRIBUTION, AND SOCK IT

10:33

TO THE RICH, THEY ARE

10:34

LEAVING LIKE WE WERE TALKING

10:36

ABOUT KEN GRIFFIN HAD A

10:38

BUSINESS IN CHICAGO AREA,

10:40

EMPLOYED HUNDREDS OF WORKERS

10:42

WAS BIGGEST PHILANTHROPIST

10:44

IN THE CITY, HE PROVIDED

10:45

EVERYTHING FROM HOMELESS

10:47

SHELTERS TO SOUP KITCHENS TO

10:49

GIVING MONEY TO MUSEUMS

10:51

HUNDREDS OF MILLIONS.

10:53

HE IS OUT OF THERE.

10:54

BECAUSE OF THESE HIGH TAXES,

10:57

ANTI-BUSINESS ATMOSPHERE,

10:58

THE CRIME IN THE STREET AND

11:00

CHALLENGING WHICH HAS LOST

11:01

ITS LUSTER -- CHICAGO HAS

11:04

LOST ITS LUSTER, THE FOLKS

11:07

WHO LEAVING CHICAGO THEY MAY

11:09

GO TO WISCONSIN FOR GOODNESS

11:10

SAKE.

11:11

DAGEN: JUST HOW STUPID ARE

11:13

THE LIBERALS THEY PICK UP

11:16

THE IDEAS THAT HAVE FAILED

11:17

IN OTHER PLACES?

11:23

L.A., LOS ANGELES LOS

11:23

ANGELES IN 2022 DID THE

11:27

SAME THEM IT DID NOT RAISE

11:29

CLOSE TO REVENUE THAT THE

11:31

LEFTIES SAID IT WOULD.

11:33

BECAUSE THE RICH PEOPLE JUST

11:35

DIDN'T PUT THEIR PROPERTIES

11:37

UP FOR SALE.

11:38

AND SO, THE INITIAL ESTIMATE

11:40

FOR L.A. WAS THAT ALMOST A

11:44

BILLION WAS GOING TO COME

11:45

IN, IN NEW REVENUE IN A

11:47

YEAR, AND THEN IT TURNED OUT

11:51

IT WAS LIKE A 10TH OF THAT

11:54

MAYBE.

11:55

>> YOU ARE RIGHT.

11:57

SO, CALIFORNIA IS ANOTHER

11:58

EXAMPLE OF JUST SAD STATE OF

12:00

AFFAIRS IN AMERICA, WHAT IS

12:01

IT ABOUT THESE PROGRESSIVE

12:03

CITIES AND PROGRESSIVE

12:04

STATES, THAT ARE SUPPOSED TO

12:06

BE WORKERS PARADISES AND

12:07

EVERYONE IS LEAVING.

12:08

I DON'T KNOW IF YOU SAW THE

12:10

NEWS JUST IN LAST 24 HOURS,

12:13

THAT CALIFORNIA NOW HAS ONCE

12:15

AGAIN, A RECORD BUDGET

12:16

DEFICIT, THEY CAN'T BALANCE

12:19

THEIR BUDGET THIS STATE HAS

12:22

HIGHEST INCOME TAXES AND

12:23

HIGHEST PROPERTY TAXES AND

12:24

HIGHEST SALE TAXES AND

12:26

HIGHEST GAS TAXES.

12:27

AT SOME POINT YOU FIGHT

12:29

FIGURE OUT, MAYBE WE SHOULD

12:30

CUT TAXES AND PEOPLE WILL

12:31

COME BACK, CALIFORNIA, THEY

12:34

ARE NOW IN TEXAS AND

12:38

FLORIDA.

12:38

SEAN: STICKING ON THEME OF

12:40

BAD IDEAS FEDERAL RESERVE

12:41

HOSTED MARCH POLICY MEETS

12:43

PROGRESSIVES ON ON HOPE TO

12:44

PRESSURE HOME TO LOWERING

12:46

INTEREST RATES, SENATOR

12:47

BERNIE SANDERS AND ELIZABETH

12:49

WARREN JOINED BY 20 HOUSE

12:51

DEMOCRATS IN A LETTER

12:53

PUSHING POWELL TO CUT RATES,

12:58

ASAP, A DOUBLE ENDED SWORDS,

13:00

YOU WILL FEEL INFLATION AND

13:02

LOSE ONE WAY OR THE OTHER.

13:04

>> YOU BETTER BELIEVE IT.

13:05

I DON'T SEE THE CASE RIGHT

13:08

NOW SEAN FOR CUTTING THE

13:09

RATES, I WISH I COULD SEE IT

13:12

BUT I DON'T.

13:13

IF YOU LOOK AT COMMODITY

13:14

PRICES AND COLD PRICE AND

13:21

BITCOIN -- COAL PRICE AND

13:26

BITCOIN, WE HAVE NOT SLAIN

13:28

THE INFLATION DRAGON, WE