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The Todd Herman Show

Which financial idea is the worst one? Zach Abraham joins Ep-1408

The Todd Herman Show

Radio America

News, Society & Culture, Religion & Spirituality, News Commentary

4.81.5K Ratings

🗓️ 16 February 2024

⏱️ 56 minutes

🧾️ Download transcript

Summary

Representative Barbara Lee wants to be in the Senate and she has an idea! She wants a $50 an hour minimum wage, which is seven times the current federal minimum wage. So she wants to pay people seven times what they are making now and then inflation will go down? Got it. Senator Rubio has highlighted the reality of illegal immigrants who receive $1,500 a month to travel back and forth to the country they are “refugees” from. Meanwhile those who have legally immigrated receive less than half of that when they retire. Zach Abraham joined us to help us figure out which financial idea is the worst.

What does God’s Word say?
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The fear of the Lord is the beginning of wisdom, and knowledge of the Holy One is understanding.
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Transcript

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0:00.0

The winter season has so many sounds.

0:02.6

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0:04.6

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0:07.4

Snowball fights.

0:09.4

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0:23.6

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0:25.9

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0:28.2

See Boots Hearingcare.com for details.

0:30.7

Hey, you guys, let's play a game let's play a game and have

0:35.8

Zach determine which of a couple of things are the worst financial ideas plus I got to

0:41.2

tell you this he's got a chart. It's chart day. It's not yet chart of

0:46.6

palooza. That's coming up, but Zach's got himself a chart. Let's kick it off with

0:52.1

Representative Barbara Lee running to be a United States senator.

0:58.0

Listen here to her solution for inflation.

1:01.0

You're calling for a $50 an hour federal minimum wage. That's

1:04.7

seven times the current national minimum wage of $7.25 an hour. Can you

1:09.4

explain how that would be economically sustainable for small businesses.

1:13.6

You have 60 seconds.

1:15.6

First, let me say I owned and ran a small business for 11 years.

...

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