The Consequences of Punishing (Tax) Americans Who Work & Improve & Giving Free Money to Those Who Don’t | Kevin Faulconer E307

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 14 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are high taxes and government policies discouraging hard work and economic growth? In this episode of The Rich Somers Report, Rich sits down with Kevin Faulconer, former mayor of San Diego, to discuss the long-term impact of over-taxation, rising homelessness, and the business exodus from California. They dive into: How liberal policies in California are making it harder for businesses and individuals to thrive.Why high taxes and lack of accountability are driving businesses out of California...

Transcript

Click on a timestamp to play from that location

0:00.0	If you punish the folks who work and improve and you give free money to those who don't work and improve, you indirectly incentivize the second behavior.
0:08.2	If you look at the most liberal markets around the country, I'm just going to call it like it is.
0:11.9	San Francisco is the Los Angeles.
0:14.3	Chicago is another one.
0:15.5	These are the most, like, highest crime.
0:18.1	You got the highest drug issue.
0:20.1	You got the highest homeless issue. And these are
0:22.2	some of the most liberal areas in the country. And so you mentioned when you got in office,
0:28.1	you guys reduced the homeless issue by double digits. What was the main lever or the biggest
0:33.8	lever that you guys pulled in order to do that? Welcome to the Rich Strummers Report where we talk real estate, business, and wealth building,
0:40.9	all while keeping it real.
0:42.3	No fluff, no BS.
0:43.9	I hope that you enjoy the show.
0:50.3	All right, guys, welcome to another episode of The Report today Today, I got a special guest. I got the former mayor of San Diego live in the studio to Talk Shop. I got my man, Mr. Kevin Faulkner. Kevin, welcome to the show.
1:04.6	Rich, good morning. Great to be here. Thank you.
1:06.3	Yeah, appreciate you coming on. And, man, it's crazy because we both live in San Diego.
1:13.0	I lived here for quite some time, about 20 years now.
1:15.8	And I've been in Italy about eight years.
1:17.7	Love it down here.
1:19.3	But is it not the best city in the country?
1:22.3	Well, I'm a little bias.
1:23.9	Yes.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rich Somers, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rich Somers and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.