17 Burst results for "Ben White"
"ben white" Discussed on WABE 90.1 FM
"Let's continue taking your questions about the covert relief bill with Lee and Caldwell, Capitol Hill correspondent for NBC News and been white, chief economic correspondent for Politico. We got this email from Carrie, who asks, What do people have to do to receive these various payments? Especially if you generally don't file taxes? Ben Well, if you don't file taxes, you'll have a little bit of a problem is the iris does base the payments on the tax information they have available to them? You generally don't have to do much of anything. If you are a taxpayer on have filed your 2019 taxes, they'll have that information available. They can assess what Benefit you're available to get, and they will either make a direct deposit to you. If you have that arrangement already set up with the I R s where they have your director posit information. If they don't they'll send you a paper check. So you don't need to do anything. Same thing. If you've already filed 2020. They'll base it on 2020 as we talked about before. If you do not file taxes at all. I don't have an answer for that. And don't believe that you would get a payment unless you made some special arrangement. But if you are, you know part of the household where there's somebody else filing as head of household that that person who was filed the taxes will receive the stimulus payments. And presumably, you would Share it with that person. But you don't have to do much of anything. If you filed your 2019 taxes or your 2020 taxes, the iris will find you and they will direct deposit your check. If you have that arrangement, which hopefully you do and those people should. If not, they will send you a paper check. Want to quickly move through a couple of quick questions. Randy asks on Twitter. Is this the budget reconciliation bill? If so, is there a fuss? Why is there a fuss about all the provisions that have been passed when Congress couldn't pass anything and the normal process? Leanne briefly? This is the budget reconciliation Bill and Congress is also going to have another attempt at budget reconciliation for other Democratic priorities later this year. But there's very strict rules on what can pass in the budget. Reconciliation in the Senate has to be budget related, not necessarily just a strict policy related. That's why the minimum wage was had to be stripped out, not for political reasons. Because of the arcane Senate rules. I'm Jenn white. You're listening to one, eh? We're talking to Lee and Caldwell, Capitol Hill correspondent for NBC News, and Ben White, chief economic correspondent for Politico, Phil writes on Facebook. How large is the national debt and how large can it be before we start putting America's financial situation at risk? Where's the limit then? Yeah. Good question. Around 22 trillion. It may be higher than that. Now. It's certainly went up a great deal during the Trump administration with the corporate tax cuts that never wound up paying for themselves at all. So we added to the Debt and deficit that way. Nobody knows the answer to the exact point at which it becomes problematic for the nation's economy. It's certainly not now you see our interest rates are quite low. People are still willing to buy our debt. We're not in a debt crisis we have, you know an enormous economy, but we are now at the point where Annually we're creating, you know, deficits larger than the size of our economy, and there is a reckoning out there at some point, If you know we don't reckon a little bit with the size of our deficits and our debt and hopefully we do that through faster economic growth, helped by the stimulus bill on the healing economy and the end of covert 19. On. We get a little bit more fiscal discipline in there. But the argument for you know, budget austerity and slash expending and all of that doesn't make a whole lot of sense right now when people are suffering, and we're just not there, we have big debt. Big time 22 trillions a lot. Eventually, we need to deal with it. It's not a crisis at the moment we got this tweet from cocoa mocha..
"ben white" Discussed on The Peter Schiff Show Podcast
"Floyd case because about a week or two ago we finally got the video footage from the body cams of three of the four officers former officers who have now been charged. With second degree murder and the others are accomplices to second degree murder. Now, as far as I'm concerned, the actual most outrageous part of the body cam video is the media's coverage of the release of the video or their lack of coverage because almost everything I read or saw about this footage. was that the footage confirmed. The guilt of the officers and ratified or validated the narrative of raises cops murdering George Floyd. Not, only did the video not do this. It actually provided pretty conclusive evidence of the opposite. It basically blows apart the narrative member, the narrative here that sparked all the riots and the black lives matter protests is that these racist white cops even though one of them was black and one was Asian murdered George Floyd because he was black. And that this murder merely confirmed the systemic racism right that we've always known was there and this just exposed it put it out in the open, and now we need an immediate policy response right we need. Action to reduce the wealth inequality that is the result of systemic racism that was now on full display with the murder of joys floored except here the two things I think you can conclusively conclude. Once you watch the body CAM and again don't accept my word for it watch it for yourself because after all, that's what the jury is going to do. So watch it and then come to your own conclusions but here, the two conclusions that I came to the first one is that there's absolutely nothing about the George floor incident that is racial meaning that the officers were not motivated by George Floyd's race. I don't think there's any evidence to suggest that they would have acted. Any differently had the circumstances been identical but George Floyd Ben White in fact. Not only. Is there no racial slurs? Spoken by any of these officers at any time on any of these videos, but nobody even mentions George Floyd's race it doesn't even come up they don't even say black man. So I don't know how you can conclude that something is racially motivated when the individuals race never even comes up in conversation. At. Any point during the video. So that's number one that it's not racial but number two what's even more important is in my mind, the videos show that none of these four policemen. intended. To Kill George Floyd. And that includes shoving the guy who held his knee on Floyd's snap right for nine minutes..
"ben white" Discussed on POLITICO Money
"Oh and by a bunch of stuff in your in your case Spend your money instead of say that which of course obviously as you know someone impossible because you need to have money to live on for you. Yes the rest of the years you're wet you're with us so there's that There is also the question of if you institute negative interest rates and give everybody everybody this incentive to spend all of their money Are they spending it on legitimately wise things or are you blowing up bubbles in all sorts of areas like real estate or dad companies or Zombie companies because the incentive there is to okay I cannot make any interest on cash reserves. So Oh I'm gonNA spend it all do you. Then get in a situation where you've propped up companies that otherwise wouldn't exist and you've Inflated the value of Housing Zing in ways that otherwise wouldn't happen That's one of the reasons that Jerome Powell the chairman of the Federal Reserve has essentially said he's not interested in the Fed going too negative interest rates and they cut a couple of times and her low right now. He wants to stay where they are and then theoretically eventually start bumping them up again again and there are other countries like Sweden. That are thinking the same thing like tried negative interest rates decided. Maybe this isn't such a great idea still happening in the UCB. It's still happening happening in Japan. The problem is it hasn't done much to boost the economy in either of those places which are both still kind of stuck in these slow growth areas are is so you know the risks are there but the return is not yet there For them and in fact I thought it was interesting. I looked at Bloomberg and it said that thirty percent of ball bonds Existing in the world at seventeen trillion dollars worth of bonds have negative interest rates. Today which is pretty remarkable Not The US but that's a lot of the rest of the world. There's also one other big fundamental. Well there's a couple of big fundamental problems with the idea of negative interest rates One of them involves you know what the Fed does. The things really turned south Do you have an understanding of that of like when people talk about the Fed toolbox or toolkit Do you have any idea what they mean. And the financial crisis prices they lowered interest rates. Right that was that was one of their tools. Yes and you can't if if you're a negative interest rates than. You can't do that you've already lost. Lost the chance to do that right. That's correct. That's one of the one of the things they did. They also did quantitative easing which you don't have to get into. That's buying a whole bunch of bonds and other things to try to stimulate activity but yes the fear. Is that if the Fed were to go to negative interest rates now when you know economies not blockbuster but it's still still around a two percent economy and unemployment is low and things are generally pretty good. What do you do and things are really bad? You know we actually have a recession. I when you know you don't you don't have that tool box at your disposal or that tool in the toolbox to cut interest rates the symbolic thing I think is also important and that is generally speaking when you're going into negative interest rates you're declaring to the rest of the world that your economy is in deep trouble That you heading towards towards recession or even depression. It's an emergency measure And that would show to the world that you know. Trump doesn't have a lot of the Fed that doesn't have a lot of confidence in the US economy which would then you know. Give investors pause and markets pause and. Get people to worry about Doing that it would essentially say the the US is in deep shit and We're taking emergency measures when at the same time. Trump says we have the best economy ever the jobs market ever since a little hard for me to square where when trump says we're gangbusters best economy ever and the Fed should be going to negative interest rates But you know I. There is somewhat understandable sustainable. Why he would want a because he thinks it would create faster economic growth It would bring the cost of our giant twenty two trillion dollar federal debt down. There are some arguments for why he might want it but we've talked a lot about the potential downside so flatly can i. Can I just ask Q.. One question because you answered one question I was going to ask you. which is what what other countries did this and you said Japan and did you say ECB? That's the European Central Bank correct. Yeah they're they're currently they did it. They're doing it. They're it's happening now. They're doing it. But but in both cases you said they're not getting any boost from doing it it doesn't seem to be or or a very limited limited okay both Japan and the euro zone Are Not exactly killing it. Economically and Japan said you know decades of problems with with its economy being kind of stagnating and very slow growth at the moment and as a negative interest interest rate territory. All right so I'm GonNa read the tweet again and then you can do your best to explain it to me all right so here we go. Donald Trump says the Federal Reserve should get our interest rates down to zero zero or less and we should then start to refinance. Our debt interest costs could be brought way down while at the same time substantially lengthening the term. We have the great currency power and balance. Sheet explained that tweet to me. Okay he is saying that the Fed has raised interest rates too high. He wants them to lower the rates to zero the Fed. It has a heightened a bit since the financial crisis so they can take them down lower if there comes another crisis or something close to it. What would happen if the Fed agreed to do what trump wanted to do would be a situation in which large banks would pay the Federal Federal Reserve to take their money There would this is issuing new debt. There would be a lot of long bonds issued the point of doing this where the interest rates are negative and people are being paid to take. The money is to discourage people from doing it so the people are not saving their money by putting it in banks or whatever but so that they're spending it. I suppose manufacturers would be we investing in new procedures or products or whatever and consumers would be spending the money not buying bonds uh-huh and trump thinks. That would be a good thing. Bud Powell head of the Federal Reserve Says No one reason is that it means people wouldn't be saving and not saving it's got its various problems for individuals not saving but it also means for the economy that people are going to want to put their money somewhere where they can make money and this might lead to bubbles like the housing bubble that we had brought on the crisis bubbles and other things. It's been demonstrated that other countries that have done. This have not found that gave them a great boost. There's no evidence that it's a really wonderful thing There's also the problem as was mentioned before that. There's no way for the Fed to lower rates if things start to go bed if rates are negative and finally said. I hadn't thought about this but it's pretty interesting that doing that suggests that the economy is in trouble that it needs help very badly and of course that doesn't they make sense with trump's continual bragging about how it's the greatest. We're we've got the greatest economy now that the country has ever had because of him and have I made any kind of sense out of this new. You've made incredible amount of sense out of it. You've done a stellar job as you've done in all three of these episodes and you you got another plus that plus even though we didn't get into the last phrase which was we have the great currency power balance sheet which frankly Oh that's right the currency. That's I don't really have any idea what he's talking about In that regard so there's not much help you with other than on on the Currency Front He says we have the great currency but he actually wants the dollar to go down Because that would make our exports more attractive a to China and elsewhere and reduce the trade deficit that he's so worried about and and they're you know perfectly legitimate to kind of general weak dollar policy if you want to boost exports which which he does and negative interest rates would lead to a lower dollar because foreign investors chase returns and they'll go wherever interest is higher So essentially they'd go where they get a positive return and if they weren't getting in the US They'd go somewhere else so we drive down. The dollar trump might like that but anyway that's you know That would've been extra credit for anybody to get into to that piece of trump's tweet but you have done a fantastic job on this one and mom thank you so much for being on a political money. You really taught me something you really did. I mean this negative interest rate thing. I'm going to be thinking about that now because I understand it much better than I did before. What's better around Chris around Christmas time than thinking about negative and.
"ben white" Discussed on POLITICO Money
"I am Ben White and welcome to politico money This is episode. Two of Ben White talks to his mom about complicated economic issues and helps to hopefully explain. Explain to everybody else. Just what the heck is going on in the news. Mom Welcome back politico morning thank you it's nice to be back. Yeah Reminder. My mom is And and we're talking to her from Roanoke Virginia. She's retired after twenty five year teaching career in Washington. DC where I grew up so okay today. We're GONNA talk about some of my favorite topics picks which are president trump and the trade wars mom. I know that's something you actually Follow pretty closely. Yeah it's pretty interesting. Actually interesting is the word and we're GONNA do what we did The last time and we are going to start with a tweets in this case a donald trump. tweet which I'm going to read to you And then ask ask you If you understand it so if you are ready we will begin. I'm writing okay good. Here's President Donald Trump. US markets are up as much as twenty one percent since the announcement of tariffs on three one twenty eighteen and the US is taking in massive amounts of money and giving some to our farmers who have been targeted by China exclamation point. Okay do you understand this tweet. Can you explain it to me. Well yes and no. He's talking about the stock market. Could and I don't know if he's reporting that correctly. And then there is the problem of how he's relating that to his tariffs and what the actual relationship it is as opposed to what he thinks. It is and all this stuff off about giving money to farmers which he brags about but the farmers don't want the money given to them right. They want to to be able to trade with China the way they used to. I might not right about that well. What are the relationships among all these things that he sang? That's very very worrisome. So you got a pretty good read on this one. We're going to break it down sort of bit by bit And explain what he's saying and and what the truth and the reality is and we'll start with as you rightly pointed out Trump claims the stock market is up twenty one percent since he the Started tariffs in March of twenty eighteen. And I went back and did the math on all three of the major indices. The Dow the NASDAQ AND THE S&P the and none of them were up twenty one percent since that time they are up. He's not wrong about that All Up between ten and fifteen percent something like that. But he's Gilded Lily a little little bit and added Some percentage points to that increase. I guess I'd ask you. Do you think the stock market is up. Twenty one percent since that time I'm because of tariffs which seems to be what he's kind of indicating there. I can't imagine that the stock market is up because of tariffs. and Oh oh. Do I think that it's up. All I know is and I know this partly because I occasionally look at it and partly because I read what you write. The market is just up and down. There seems to be volatility in it especially since the trade war and it's very hard for me then to figure out because I don't take the time and pay attention like you do to know whether it's actually up very much overall. It doesn't seem like it is to be fair to trumpet is up and it's up significantly this year and it is up since he put the tariffs on But if you talk to anybody who works on wall all street or who works in Corporate America or who is you know a farmer manufacturer anybody else. They will absolutely say it's not up because of tariffs in fact she could be up a lot more if the tariffs had not gone into effect. And you know one way to test. That thesis is to rewind the clock a little little bit and think about what happened in the stock market between say August of last year and the end of last year December of last year. Now in our new cycle Michael that can seem like a thousand years ago but I wonder if you have any recollection of what was happening with markets in the last six months of two thousand eighteen. No no you tell me. I don't know what was happening. Maybe I do but I'm not remembering it. Well what's happening is absolutely tanked Stocks dropped about twenty percents Between the summer summer of two thousand eighteen and December of twenty eighteen. and that's because everybody was freaked out about this terrible trade war with China driving the US into into recession. You obviously had the impact on manufacturing which has gone into recession over that period of time. You've had the obvious obvious. Impact on farmers who as you mentioned have been unable to sell their soybeans and beef and pork and they're sorghum to China. You had essentially a massive market freakout out between August of last year and the end of last year so in that trump tweets completely skipped over that period And then just decided to to take credit for the the bit that markets are in fact up since that time which they are because the US economy has generally been pretty good the consumer is still pretty good. Unemployment is still alot but I couldn't find one serious expert who thinks markets like tariffs as you said we can just go back to the other day. Trump made up somewhat offhand comment at NATO that Maybe he'd keep the trade war with China going until after the twenty twenty election. Do you remember what happened to stocks after he said that well. Didn't they go way down after the corner points immediately. Almost instantly. Yeah Yeah Yeah. Yeah I when I read that I thought they probably would. I couldn't believe it said that. It just seems so weird. He wants to pay so much. Close attention to the stock market. Doesn't even know that's GonNa Happen. Well he said immediately after that that he doesn't really follow the stock market. He follows jobs dobbs but then of course you know he tweets stock market Multiple Times anytime it's up he he tweets about it and talks about. If it's not up then he doesn't care about it so it's sort of a separate the other thing but let's let's move on from the first piece of the tweet which is Markets up twenty one percents And then talk about the second part. which is that we are taking again? Massive amounts of money from China. Do you think we're doing that. Know How can they be taking massive amounts of money from China are we well. No Oh but I mean he has put tariffs on products that are manufactured in China and sent to the United States So I mean who do you think actually pays those tariffs well. America American consumers pay those tariffs. Don't they well. A lot of the initial set of tariffs were on on You know sort of intermediate goods so it's actually more manufacturers Who are buying stuff from from China? Who paid but the latest ones are consumer goods And that is correct that that tariff gets passed onto the consumer now I wanNA give trump for the benefit of the doubt here and and be fair that it is not not one hundred percent false that China pay some price for Tariffs that the United States puts on because it does damage their exports or it can hurt their economy and they can be forced to lower prices so in a way there's an indirect way in which tariffs can fall on China So there's a little bit of truth to that. But the fact that he says massive amounts of money are coming in from China. is simply not true. Very vast bulk of the tariffs have been paid by US manufacturers US producers and US consumers Thus far. Can I ask you one question about what you just said. I said consumers but I didn't really know. Oh and you said yes. There are now things that require the consumers to pay the tariffs what what are the consumer goods and isn't the case that the worst of consumer goods is going to be in the future if he imposes attacks that he's proposed yet another in the future. Yeah you've nailed these consumer goods now. There are some consumer goods. Yes that are currently being tariffs that we import from China And I don't have the list in front of me but includes a lot of diapers and paper products and stuff that you buy at Walmart That make a difference but you are absolutely correct that the date that strikes fear in the hearts of American retailers is December fifteenth which is when Dan The next tranche of tariffs would go into effect on pretty much everything else.
"ben white" Discussed on POLITICO Money
"Welcome to politico money. I'm benway today on the show. I'm going to try to explain the wealth tax trump's trade tweets and negative interest rates with Algerian spill Talk just getting. That would be a little bit boring. No offense Allen instead I'm GONNA try to get my mom up to speed on these issues so that she'll know what to watch for when she's trying to figure out just what the heck is going on with the news And my my mom is an white. She's talking to us from Roanoke Virginia where she retired after twenty years teaching history in Washington. DC She's got so she's really smart or whatever Anyway I'm on. Hello Been Nice to be with you today are you doing. I'm doing well interested in talking about economic topics today indeed indeed We'll try to unpack them somewhat complicated things and See what you know at the beginning and what you know at the end and hopefully along the okay some folks listening will get a better insight into this stuff too so if you don't mind I thought we'd start with the wealth tax which is a big topic in in the Democratic presidential campaign. So is that cool with you to talk about the wealth tax. That is very cool to talk about the wealth tax. Yes when I think about it I think well. That's a tax on the rich. which what else do you have to know about it? Well a few things. So the way we're GonNa do this is We're GONNA talk about well taxes and Elizabeth Warren and we're going to start with an Elizabeth Warren tweet But it needs a little setup so I will start with the setup. The setup is Bill Gates. That's Microsoft billionaire. Bill Gates said this to my friend. Andrew Ross Sorkin Talkin about a wealth tax at a recent New York Times event. All right. Here's what Gates said. I've paid over ten billion in taxes. I've paid more than anyone taxes if I had to pay twenty billion it's fine but when you say I should pay a hundred billion when you say I should pay one hundred billion okay. Then I'm starting to do a little math about what I have left over over and here is how Elizabeth Warren responded on twitter. I'm always happy to meet with people even if we have different views at Bill Gates. If we get the chance I'd love to explain exactly how much you pay under my wealth tax. I promise it's not one hundred billion dollars okay. So do you understand this tweet from Elizabeth Warren. What she's talking about well in general yes Sh- but she doesn't really say what she's talking about. She doesn't answer his question and he already pays taxes. What does she say is going to be? The relationship of her wealth tax to the income tax pays is that a relevant question that is a relevant relevant question. She is certainly not explaining all of it in the tweet. What she's saying is that he's wrong that she's not going to tax him one hundred android billion dollars? So why do you think he would think that she's GonNa tax him. One hundred billion dollars. Well that raises a question in my. My mind is to what her purposes which. He doesn't say I mean is she saying this because she's trying to somehow bolster the argument against income inequality that rich rich people are dead and so they have to be taxed to the ultimate degree. Is She doing that your question about whether she she saying. Rich people are bad Offers us a chance to to pull back the lens a little bit And Talk About Warren versus the super wealthy. And you're or somebody who reads my story's pretty carefully So you probably remember one that I wrote about Elizabeth Warren Versus Corporate America. Remember that story I think so okay. There's one thing being in particular you might remember about it It featured a billionaire named Leon Cooperman as a hedge fund billionaire. Oh Yes yes they got in a fight yet. Something very kind of specific acidic that he said about what Warren is doing Including some colorful language. I don't know if you remember the quote that Leon Cooperman had to say about Elizabeth Warren one I I do remember. I think you had to put you over a word or two. I think there was a a swear word in there. Wasn't there there were two. He said this is the FAA America to this this caffeine American dream. She is being. Okay so yeah and that started a firestorm between Warren Cooperman and Warren An and the wealthy In particular. So it seems to me that you think that You know Warren really is sort of running a campaign to suggest that you know billionaires in the rich something fundamentally wrong with them is that kind of what comes through to you that is suggested for sure. Yeah Yeah. Does she intend. That's come through. Do you think well she says she doesn't but I think she she kind of does I mean she's certainly running on there. Being fundamental problem the American economy and with economic inequality and the rich getting richer and everybody else not making Enough but let's get back to kind of the specifics of Bill Gates and the wealth tax. And this tweet in particular So Do you know what Warren has actually proposed when it comes to a wealth tax. What she wants to do no I don't I don't know what she's actually proposed all right so as of now she's basically said she would put a two percent tax on fortunes ends over fifty million dollars and a six percent tax on fortunes over a billion dollars so gates right now has around one hundred billion billion dollars in wealth So I don't know does it sound to you like six percent tax on one billion dollars would Cost him one. One hundred billion six percent on one billion no no certainly not bright so This is where I think. Warren has it right in her response. That it's not gonNa Cost Austin one hundred billion dollars. Okay theoretically could Over three decades. If you're paying six percent on one hundred billion dollars every year here for decades then you might get up close to that number that gets US talking about but also Over that period of time one would assume that Bill Gates wealth gets a lot bigger as he's as accruing investment gains and getting richer every year right so it could be that. Eventually he's paid a hundred billion taxes. This is under warrants plan but each year it's just six percent of one hundred billion so It sounds sounds like Warren kind of Is Right about that piece right right right okay. All right but there are some other problems with The Wealth Tax and one of them is a big legal issue. and I wonder if you're are familiar at all with what the big legal issue is surrounding the United States trying to put a wealth tax on people. Well only vaguely. I've wondered that myself. Is it constitutional. I was thinking about the fact that we had to have an amendment to the constitution to get the income tax. Now is it really constitutional to tax people people just because they're rich. Is that what. What is the legality of that or the constitutionality of it well Bingo? I mean you're right on on the point. And the question is It's absolutely unclear whether it's constitutional or not Constitution essentially says that the federal government cannot collect direct taxes other than income taxes without distributing. The money That is accrued to each of the states according to their population Far as I can tell. That's not really what Warren has in mind For Use of that money. Do you have a sense for what Warren wants to do with all all this wealth tax money that she is trying to to get through the position of these taxes. No that's another thing you can tell me. Because I really don't. Unless unless she's proposing to pay for Medicare for all with that is that her plan or does she have some other goal in mind. Yeah no that's that's the big piece of it. That's why she went. She was originally. I think at three three percent on You know the people who have a billion dollars or more and then she bumped it up to six percent because she needed to make the numbers work for Medicare for all but in that sense she would be putting on a wealth tax That would be used by the federal government to pay for giant federal program not to distribute among the state. So there is this big question whether it's even constitutional at all to to put a wealth tax on and there's some other You know significant problems. Other countries have attempted to do well taxes and then junk them. I don't know if you've read anything about that. or or why countries have kind of sad. Maybe this isn't the greatest idea in the world. I think he I don't know details but I think thank you mentioned that in your column or in story I I remember reading it and I think it was what you wrote but this thing what you just said is interesting. Because I hadn't grasped that the idea that the the income tax has to be distributed. You said among the states. Is that what you said. Now exactly it's anything other than the income tax if the federal government tries to impose a direct tax other than the income tax then whatever it collects from that has to be distributed among the the population. Now of course or it's got all sorts of constitutional law scholars who are working on this and If she were like the president and attempted to Put a wealth attack on She would make the case Somehow that it doesn't violate the constitution And it would go through the Supreme Court and then we eventually get a ruling on it but there is a pretty compelling argument that she couldn't do it at all but anyway the other issue the reasons that countries have tried it and junked it is because it's really hard to figure out From year to year. Exactly what. People's estates are worth And how that's changed from year to year and it's expensive to figure it out difficult to figure occur at out So you know another issue that people have with both the Bernie Sanders Wealth Tax and the Elizabeth Warren Wealth taxes that would be potentially unconstitutional And potentially very difficult to implement As has been the experience in other countries but so that's sort of what the the The situation is with with Warren and the Wealth Tax and I thought now maybe I would go back and reread the original Elizabeth Warren tweet to you and see if we've made progress on getting a little better understanding of what this is all about all right so this is what Warren said. I'm always happy to meet with with people even if we have different views. Bill Gates if we get the chance. I'd love to explain exactly how much you pay under my wealth tax. I promise it's not one hundred billion all right so explain that tweet to me all right. Warren is talking about her wealth tax. And what I have learned from talking to you. Is that Gates this was overreacting in terms of what he would pay. He's not going to pay what he said because she has said specifically the percentages that she would put on this wealth wealth tax and the amount of money that she would put the percentages on I've also learned that there's a big obstacle here with the constitutionality of this because.
"ben white" Discussed on News Talk 1130 WISN
"I'm starting a petition I is that inspire but what's transpired in Menomonee falls I'm starting a petition because I know I've got the support of the school superintendent I know I've got the support of the majority of the school board I'm starting a petition to rename the city of Menomonee falls the village it has to be done do you know my nominee is you know Gee what a word meaning wild rice people are the people of Menomonee falls really content to live in a city that show denigrates people that they call them why old that they stereo type them by saying they eat rice or maybe they stereo type them by saying they eat wild rice instead of civilized uncle Ben's white rice because I mean if the Menomonee falls high school nickname India this is so terribly offensive then certainly wild rice people no matter what language it's him would be offensive as well in the least surprising development ever last night the Menomonee falls school board voted five to to to change the Indians nickname even though somewhere in the neighborhood of seventy percent of people on this survey that they distributed to the community said we want to keep the nickname the nickname is a source of pride they decided to change it in case you're wondering just in case I don't know you live in Menomonee falls in their decision to retire the nickname is prompted you to want to retire your school board members the ones who voted against it excuse me voted in favor of the name change our faith Vander Horst she's the Menomonee falls school board president faith Vander Horst she was joined by David no Shea or not shaped Kathy Oleg Kerry deuce and Ron Burr teary once again just in case I mean you know we've got elections that happened pretty regularly in this country ID no apparent reason in case you want to write this down I'm gonna say their name slowly faith Vander Horst Kathy Oleg David no Shea Kerry deuce and Ron Bertie area and in fact if any of them or any of their friends are listening right now and want to get them to call up let me assure you if you want to call up and defend your decision to retire this nickname and debate the issue with me I mean I'm just a big dumb conservative I'm even dumber folks then the people you represent I'm even dumber and more racist than the people of Menomonee falls you can come on and debate me and I'm sure I won't embarrass you publicly and make you look like an idiot I'm sure that won't happen because I mean I get so many liberals who call law because they know debating me would be easy beating me in a debate would be easy that I get liberal I mean Dave we we get liberals out the wash you we can't even we can't even count how many liberals who call up and know that they're just so much more intelligent and so much more versed on the issues that they'll just destroyed me in a debate I mean my goodness I'm just a dumb racist conservative I'm even dumber and more racist Corey Gaula then all of the people that you represent in this school district to think that the.
"ben white" Discussed on Eating For Free
"Funny one of the things that i that was like this <hes> so display by a landing and then but they have like a trump out diane kind of like moment during the performance madonna performed during her her that's tonight of fucking of what is that i don't i talk about this for anyway during her performance like waving israeli and how the invited which is like a notch and it will be like all right. What's the deal with this and i saw people coming. Locally they went the chief. It's such a cheap form well. Did you know that <hes> actually talking about <hes>. I mean 'cause you're a canadian icon. <hes> canadian billionaire that flew madonna out in a private jet to tel aviv own my guess sylvan atoms. I don't know this but i got this when i was doing my research because i was like interested in who performed and it was <hes> some canadian billionaires sylvan even atoms flu madonna and her entire team out in one of his private jets all the way out for her performance there and i was like that it's like of course course madonna of course madonna flew in a billionaires private jet there so anyway. That's just an interesting nosy anecdote. I uncovered on the internet. He gave an interview about it. <hes> anyways continue. I apologize for what they say. You know i think we all madonna the madonna i how's the hitler i know how to react <hes> and <hes> aaliyah niba out like i wrote about. I appreciate it up like a second. The point is how difficult a trade union called a strike from workers advisor cross the picket line to union badges at the strength of the knocking solidarity all daddy everyone would understand that the strike breakers are still scouts to use them union symbols libertarian <unk> into the wound earned the scorn of striking workers appointed points a collected action you can strike or on it's a raise the cost of the oppressor of violating the rights to be oppressed and the oppressor assault their freshman and how in <hes> <hes> gonna forget the acronym campaign academic cultural boycott mm-hmm yeah yeah how thing came in quarter boycott. I'd like you don't want the don't go like and and they said like real our. I don't fucking go like we don't want your little displays. Principle can extend onto a lot of these people are like oh okay that we like when we participate. We're like with a thing or but it wasn't what we will see in the first as income rises with. What do you think you've against people. Oh telling you what they want you to do anyway <hes> yeah so this is like a good way talk about like happy that like it's it says <hes> carnation. That's what it covers the cultural boycott wing of the water pan am. I'm going to quote <unk>. <hes> an article guy looking medium are like okay name. Name is ben white but like he has a name like the euro as like arabic last name when i was like what i'm doing literally been online. There's a refrain from participation any on the back of the neck and ultra cooperation collaboration or doing project with petitions. I became comprehensive..
"ben white" Discussed on KLBJ 590AM
"Have talk about, you know. The we're talking about real stuff real, you know, the largest the largest group of people that are here illegally art. Vex skins or really most of the people come Venezuelan about all those other countries, but the largest number of people that come across the US come on temporary visas on airplanes, and we can't track them down. Presents nothing. But it is a fact it's Asians come over here illegally. Stay on work visas are covered. Okay. Thanks. Well, it's just going to a higher level. It's the damn Asia nucleus. It is a problem when people overstay their visas, and we need to have mechanisms. But. It's the Asians. He says it's not enough that crime rate driving down the economy, ramping up poverty, and they're probably friends with Cesar too. So let's just mix it all into one big batch because well feel so much smarter. Now, don't we? Did I say why don't you just go? Listen to Taylor swift, the some of you may be a lot of you back to be a better afternoon for you back in thirty seconds. Here is Melinda. Brandt with our on mail house the hour, by the way. How are you haven't seen you today? Our you. Well, thank you for asking. Appreciate that. We should have been with yesterday at the big party. We had such a good time. And y'all had such great weather for like it was a good time. I hope they were able to raise lots of money. Did it was fun. Right now, we are looking at really solid delays on all the freeways and a reported rack on mo- pike southbound at westover that's adding to that congestion that starting right around far west boulevard. We also have reported wreck on south sixty southbound at wash Charlton huge delays because of that. And then a collision on Ben white eastbound at riverside drive and Melinda. Bryant with traffic..
"ben white" Discussed on KLBJ 590AM
"All three all the gospels the gospel. We have an Oregon. What did something something some church music stopped? We have some. No, I'm just kidding. Let's see. Let's go to David. I David wanted to weigh in on this seventeenth year. Remembrance of the September the eleventh attacks David good morning. Good morning brothers. Hey, hey, I wanna say Hallelujah to that too. Yeah. This one this bring everybody's Jensen. Again, why it takes such a devastating disaster for all of America to come together. When it happened. Everybody had their flags on their cars yards and. Everybody's proud coming together. There is no color create that. And you know, I think we should stay together. Not kneel together, you know, I'm right there with you. And all the first responders appreciate all the work. They do out there for us. As just unbelievable their jobs. Yeah. And. What you said I hear I hear a little reservation in your for your voice just a little disappointed that it takes something like that to bring us together. And we really haven't been together since then. On your call, man. I start now. Hey. Work together. David. The veterans hand to shake veterans hand. Thank you, David. Yeah. Absolutely. That was a year before I started working here. What what was it like being in the newsroom at that time of meanwhile, was it was insane. Eight forty five ish the first plane hit. And I went on the air at that time. I was doing the morning news. And and basically went on the air and said, there's been a plane crash in New York. Yeah. That's that's all we knew at that time. Right. Just a plain crush few minutes later. There was a second plane that hits and immediately you could tell it was something bigger than just one plane crash some kind of attack, and we do very quickly that it was a terrorist attack. I guess I guess that time y'all were probably sticking mostly national coverage. I mean that would be obviously where you went. But it had to be just a very intense day. Just having the national day. Yeah. I mean, it was for all of us. But certainly in with your job at that time that must have been a crazy day. It was visit Sega least. I mean, that's an understatement. Let's see here. You've got new information in regards to the shooting there in Dallas involving an off-duty police officer in uniform, which the wrong apartment. She actually lives in thirteen seventy eight the victim lives in fourteen seventy eight she parked on the fourth floor by accident directly below. And apparently the door was easy to open that time of night, according to her she put her key in and turned it and the door open show that not that are key work, but the door was already open. Right. And and basically we learn from the police report there were some people that heard things some shouting going on maybe some police commands were issued both apartments are identical extremely similar in terms of floor plan. The victim was home alone. When officer Geiger still in uniform. Um after her shift entered the apartment Geiger parked vehicle on the fourth floor entered the building and walked towards what she thought was her apartment. She starts to go in and the doors kind of open, and then she sees a silhouette of a man in this dark room at that moment. She assumed it was her apartment. She gave some commands that he did not follow. And she shot twice. Right. I would assume that he may be thought it was an intruder in his own place. There you go. And as you pointed out kind of lucky that she wasn't shot. Had he had a gun. That would have been justifiable wouldn't it? What have yes now, Geiger fired two shots at gene striking him in the torso. She called nine one one on the phone with nine one one. She turns the lights on and on the phone. According to this report at a Dallas. That's when she realized she was in the wrong place. My God on the phone with nine one one eight fifteen let's take a look at Austin's on time. Traffic here is Melinda branch. Good morning. Melinda. Morning. We are dealing with several rats one reported on thirty five northbound at south Forty-five. We've got a collision reporting milkshake southbound and Howard lane as well as a rat on Ben white eastbound at one eighty three and there's a wreck and vehicle fire. Toll win thirty southbound..
"ben white" Discussed on KLBJ 590AM
"Six zero five ninety got the rush update coming up, straight ahead heard. There in the story that police have arrested some dude named Darrell smitty For allegedly driving on the curb Wednesday. And hitting that man as he was waiting, at a bus stop there on south I near Ben white I got him are still Gonzales died from his injuries yeah they got this guy pretty, easy because it was all. Captured on capital metro footage and it appears. Just. Show smitty getting out of his truck walking back to? Gonzales, after hitting him touching him and then get back in the, trunk of, speeding away yeah so. It's all captured on video license plates smitty was also driving with an invalid license now bring. That up because as you know, this. City council, wants, the police to. Go easy on people that they pull over, that may. Not have a. License or insurance or an invalid license wants him to go easy just let them get on down the road yeah what do you, let, people get on down the road well they get on. Down the road after they run somebody over you go there, you, go, there, there's, a. Very good. Reason when you get to the, point where. Your license has been revoked you don't have a, driver's license whatever there's generally A really good reason for that and it ain't good yeah Greg casare calls it a freedom city that's. The new phrase instead. Of sanctuary city we call them freedom cities which also. Means, a city where people don't follow the law so somebody should've taken a picture of, that body on the sidewalk and put a caption underneath here's your freedom city in action I wonder what our national Gonzalez's family thanks the fact that easing up on. People, driving around with no license what does it what did they think about it yeah exactly. Exactly sure that the thoughts are not good, now listen the the sun is setting on summer break and schools are making sure new security protocols are in place for the new school year that's, that's the big priority that. All schools are talking about in every school. District. We've talked to in the area they've what they've added? New, measures to protect the kids the hey school district manual pull, fire alarms, have been removed from. The hallways that is a technique that shooters have used in the past allured kids out in. The hallways cameras have been added, in. The home Always and the entry. There at seven at Hayes, high school has been rebuilt the superintendent Eric rights spoke with. Cave you and says there's also some new requirements for students themselves made sure that a kid. Is involved in at least one. Extracurricular activity or co curricular activity so. They're not anonymous they're not a ghost there you go that's pretty interesting, to choose at? Least one extracurricular activity we don't? Want, you. To. Slip through the cracks now I do. Locking, system, has also been installed the requires visitors to be buzzed in from a secure area that only makes perfect sense so there you go. And just about every school is making some changes especially those front entrances none of. This can hurt I hope none of it can hurt I I do I do have. Concerns, about them having to, go through a, metal detector that might is slow. Traffic down going inside of the school where it might make. Them more vulnerable but I still. Want a lot of security right there Out front people the, Hayes high schools included metal. Detectors but, that is part of the, discussion six oh, nine time for the rush update on Tuesday Forty-year-old Georgia's supreme court Justice Brent grant was confirmed as a judge on the eleventh circuit court. Of appeals she wants. Cart for judge Brad. Kavanagh who is. Trump supreme court nominee President Trump is now appointed twenty. Four federal Circuit Judge is more than any other. President at this time and his term in fact one out of every seven sitting circuit judges was appointed by. Donald Trump the New York. Times though they're not happy they worry that President Trump is leaving an, indelible conservative stamp on, the judiciary they complain his. Impact is just beginning that's right on. That's exactly right. After all Trump's appointees are young many will work their way to the federal appeals courts and we'll move those powerful courts to the right the left is in agony that's. Why it's so heartwarming President Trump deserves credit so does Senator. Mitch McConnell who has, been a pit bull. Getting these justices confirmed but someone else deserves credit you know who dingy Harry. If dingy. Harry Reid hadn't changed the. Old rules of. The Senate to. Get Obama's, judges confirmed and none, of this would likely be happening you talk about poetic, Justice the Democrats make a move and it comes back to bite them in. The you know where we. Can all smile about. It I Okay folks the dog days of summer are here but autumn leaves will soon be falling.
"ben white" Discussed on KLBJ 590AM
"There you go that's pretty interested they're not gonna have any trouble finding applicants for that deal that's incredible that's a dream that's pretty cool yeah a job like that i'm not a motorcycle fan so it doesn't appeal to me are you your motor probably forget about the motorcycle job but that kind of internet china thing yeah absolutely that's pretty cool that's a dream job intern for anything no i've never intern for no but but it's very popular kids want to do it right you know as they graduate or just before they graduate i would love for us to have an intern on this show and i don't know why we don't get one because i think you and i are earth the level now where we should have somebody where i should be able to go go get me some water go get me go get my yogurt out of the refrigerator go give me a tissue stuff like that you want somebody to help you be lazy i do i do absolutely yeah that would be disingenuous for that student and they in and what would they what would they learn they watch the work that we do and how we do it the todd and don show we did mornings five thirty to nine austin's on time traffic we've got a rack over on mo pack and northbound it's right at this street where it starts to curve off right lane is blocked also watch out for reporting collision over on thirty five southbound at ben white becames road eastbound at three sixty a ladder in the right lane over on three southbound near three sixty and then police activity hunters chased at pond springs road you'll.
"ben white" Discussed on Super Station 101
"Ukraine wouldn't cooperate with with muller you quit that's manafort so i thought to do what trump he's the one who had worked in the ukraine i you see how all of this is just kicking up it's kicking up dust in the air i don't think none of this goes to trump but it's something to keep feeding the media beast when again they have no evidence of russian collusion but they throw this they throw this into the mix ben white of political ben white of politico apparently he was out there speaking today let's listen there was also a lot of reporting and political and elsewhere the president trump himself was worried about this summit going for worrying that he was going to get embarrassed on the world stage and not have anything to show for it and i'm reminded of president trump when he talked about healthcare in the movie easy to reform the health care process and at the end who knew it could be so complicated to deal with the american healthcare could be so complicated to deal with north korea nuclear north korea and one of the most thorny geopolitical problems in the world he thought he could go in there and just solve at one on one with kim jong un obviously not going to happen and probably was never gonna happen they're well they're enjoying the moment i knew what the moment look when this summit was announced i said you sit i had guests on my program.
"ben white" Discussed on KDWN 720AM
"Like i don't think so there's no indication this bbc article that that would be against the law they just say that he might have gotten paid by them oh seems like that's kind of a waste of money for ukraine they didn't get anything out of it so i don't i don't see i think at least on the facts that i know now i don't see that there was i don't see anything here one source and kiev said mr pora shaneco again the ukrainian leader had given trump a gift making sure that ukraine would find no more evidence to give the us inquiry into whether trump campaign colluded with russia mr porsche anco knew that to do otherwise i'm nother source said would be like spitting and trump's face well who are these source i mean all these sources every source has a motive you know what the little light bulb went off my head muller came up empty on this russia collusion deal empty so now it's well we tried to get the information but michael cohen worked it out with the ukraine so ukraine wouldn't cooperate with with muller you can't that's manafort so i thought to do a trump he's the one who had worked in the ukraine i you see that all of this is just kicking up it's kicking up dust in the air i don't think none of this goes to trump but it's something to keep feeding the media beast when again they have no evidence of russian collusion but they throw this they throw this into the mix ben white of political ben white of politico apparently he was out there speaking today let's listen there was also a lot of reporting and political and elsewhere that president trump himself was worried about this summit going for worrying that he was gonna get embarrassed on the world stage and not have anything to show for it and i'm reminded of president trump we talked about healthcare and it'll be easy to reform the health care process and at the nsa who knew it could be so complicated to deal with the american healthcare could be so complicated to deal with north korea nuclear north korea and one of the most thorny geopolitical problems in the world he thought he could go in there and just solve at one on one with kim jong obviously not going to happen and probably was never gonna happen.
"ben white" Discussed on KLBJ 590AM
"Manly so it's not just this is the whole candy out we've got all we said possible standard finance up to city manager spencer cronk tamp manly or take the search national at the forty acres john cooley newsradio kale warning from the austin police departments been issued to be on alert for fake austin water employees according to a post from apd on the next door at people who are wearing very authentic looking uniforms are going door to door warning people about unsafe drinking water however austin water says that's not how they do business it's not known why these people may be doing this abd theorizes they could be looking for an easy way to get inside of your house leander summerlin community is on edge after numerous reports of a man lurking around in people's backyards this woman tells cave you he's not accidentally stumbling onto private property she says he's prowling around intentional you'd have to actually open a gate so you'd have to lift it up and walk in it's on purpose it's deliberate and the waves county sheriff's office will be patrolling that neighborhood today looking for answers and we're learning a bit more about the show creek landslide from the recent rains watershed protections might kelly says they know it was a natural event slope failure still unstable they can't touch it and they need to do something called soil boring which is to take a drill and examine the profile of the soil going down about one hundred and twenty feet from the top of the bluff so that we can get the physical characteristics of that soil which will allow us to predict future movement as well as what the next stages in solution they're going to be and they'll start that process on monday it's eight thirty three let's check traffic and we continue to see those heavy delays thirty five both directions headed into downtown with a reported wreck southbound right at the lower deck insurance we also have a wreck reported on thirty five northbound it's approaching woodward street that wreck on ben white westbound has cleared from the exit to south i but still slow traffic conditions left in the area we also are dealing with the reported with the all new toyota of cedar park exit one eightythree a new hope dr shop twenty four seven at toyota of cedar park dot com today we.
"ben white" Discussed on WFAN Sports Radio_FM
"The royals and the yankees are certain of resting more comfortably tonight following that reno yesterday in dc they tried to get out of washington but because of circumstances beyond their control the yankees their traveling party ended up spending the night in dulles airport finally arrived at kansas city today reset day for the mets day off to regroup homestand continues tomorrow i three against the diamondbacks the mets this season we're rolling along s seems like a lifetime go the pitching's been spotty the offense slumping mickey callaway crying all the trip a little bit of unjust mentor bp schedule which has hasn't had much of an impact yet because we've had off days but i think in this seventeen game stretch some of the things that were an ample mental rigging to help so we're definitely doing our due diligence to try and get ourselves out of this rut the rut well since the eleven and one start the mets are nine and eighteen jacob degrom starts to series opener tomorrow against arizona red sox and winning tonight they leave baltimore six nothing bottom seven if that score holds up red sox and yankees will again be tied on top of the list as lead the blue jays seven four top six in toronto top of the v ben white in chicago white sox trailing the rangers one to nothing top seven padres and pirates are tied to four bottom seven the phillies lead the cardinals one nothing still being delayed down in atlanta they've been holding this one up for a while cubs and braves yet to begin the dodgers beat the marlins today seven nothing to end a six game losing streak stanley cup playoffs game four nhl eastern conference finals the lightning the win tonight would even the series at two against the capitals lead the capitals two to one they lead a two to one as we look up the capitals that just scored so now in the second period this game is all tied at.
"ben white" Discussed on KLBJ 590AM
"Wonderful actor has on our economy when other people impose import taxes on our raw materials is that they buy less materials and and it drives me i really wish they would leave the man brian i really wish they would operate more like we do sure there so we should not right like they do in this trade war but you know it's like saying okay well you know nobody should shoot at each other but you know in a war right here we're just start a war talking about you won't get shot out of us don't start a war so here's the deal and the reason why i want you to make the distinction there seems to be a complication with you're doing that is because if if imposing tariffs or imposing import taxes is initiates a trade war then we are basically getting shot at and we're not shooting back i mean people are we're not right i you know if you want to keep using these over the top analogy is the i'll say it this way to use your analogy they may be shooting at us but ours is better we're fine is all you want we operate our economy about consumer so we're going to keep the mindset that says we're about consumers i really wish the chinese i really wish shah many other countries had sort of trae same trade policies that we do they don't our economy's better why should we change update on traffic melinda brand we have heavy delays out there on all of the freeways we also have a rack over on thirty five southbound it's at ben white so this is adding congestion that's back to fifty i read it looks like that wreck over on mopeds southbound at barton skyway may have cleared but you're still dealing with a residual fallout from twenty to.
"ben white" Discussed on WNYC 93.9 FM
"Is as yesterday which of the five names that are being floated to replace janet yellen that he might prefer honestly i like him all i do i have great respect for all all of them but i'll make a decision over the next version at period of time clocks had taken here janet yellen term is up at the beginning of february ben white is the chief economics correspondent at politico he has button been following this who gets to around the fed story oh so closely bennett's good heavier so good beer thanks for having me so the president says yesterday he likes everybody europe were taj actually is that maybe he's got some favorite saw on this list the five he does have some favorites i would say among list of favorites is kevin wars also uh john taylor possibly from stanford and jay powell current fed board member of the kind of at the bottom of the list now gary cohn the nec director and janet gal herself the current fed chair whom is supposed to be speaking with soon about the job i wouldn't completely right her off but she's not at the top of the list art slips rundown a couple of his john taylor at stanford extremely wellknown economist an off also author of this thing called the a rule which you are now going to remind us what it is taylor a rule is basically following a guidance to tell you i went to raise interest rates it's using a mathematical formula to guide interest rate policy rather than the collective wisdom of the fed board of governors and the fed chair themselves so it's basically a making fed policy adhere to a formula rather than a decision making process over a bunch of folks and that's why i think while he might like john taylor i'm not sure that he'll wind up being the number one candidate a because as we know john taylor is more hawkish on rates more likely to raise rates than yellen trump doesn't really like that and i don't think you want somebody who is going to be strictly adhering to rules right at all so this is and this goes for anybody who gets this job the prospect of raising rates into the 2020 election cycle precisely i mean we're obviously in a rate hiking cycle expecting a little when this year.