Caleb Hammer passionately breaks down tax economics, explaining progressive tax systems and European VAT taxes to a guest who argues about billionaires and tax shares.
Caleb: You're probably a "raise taxes" person, aren't you? But you didn't even know that we have the most progressive income tax in the entire Western world?
Guest: I know that...
Caleb: You think the top 1% pays 0%? Okay, well that's actually just not true according to IRS data.
Guest: They... I mean, comparatively.
Caleb: No, comparatively that is the percentage. Compared to what? Compared to the bottom 50%? No, compared to the bottom 50%, the bottom 50% only pays 1%.
Guest: It's a lot more than what...
Caleb: Than they should?
Guest: Yes.
Caleb: The bottom 50% shouldn't pay 1%?
Caleb Hammer passionately breaks down tax economics, explaining progressive tax systems and European VAT taxes to a guest who argues about billionaires and tax shares.
Caleb: You're probably a "raise taxes" person, aren't you? But you didn't even know that we have the most progressive income tax in the entire Western world?
Guest: I know that...
Caleb: You think the top 1% pays 0%? Okay, well that's actually just not true according to IRS data.
Guest: They... I mean, comparatively.
Caleb: No, comparatively that is the percentage. Compared to what? Compared to the bottom 50%? No, compared to the bottom 50%, the bottom 50% only pays 1%.
Guest: It's a lot more than what...
Caleb: Than they should?
Guest: Yes.
Caleb: The bottom 50% shouldn't pay 1%?
She says She cut off her parents for "extremism," but Caleb Hammer isn’t buying the definition . a breakdown over political differences turns into a debate on what "extreme" really means.
Guest: I do not speak with my parents. Their decisions have made our relationship what it is today. They chose extremism over their child.
Caleb Hammer: What's their extremism?
Guest: Their extremes are just not very minority inclusive... they're not helping them.
Caleb Hammer: Oh, so not helping is extreme?
She says She cut off her parents for "extremism," but Caleb Hammer isn’t buying the definition . a breakdown over political differences turns into a debate on what "extreme" really means.
Guest: I do not speak with my parents. Their decisions have made our relationship what it is today. They chose extremism over their child.
Caleb Hammer: What's their extremism?
Guest: Their extremes are just not very minority inclusive... they're not helping them.
Caleb Hammer: Oh, so not helping is extreme?
Micheal B Jordan says sharing a name with basketball legend Michael Jordan gave him a competitive chip on his shoulder and a strong desire to forge his own unique identity growing up.
Michael B. Jordan: "When there's another guy out there who's, you know, the guy... I think it kind of created like a healthy chip, so to speak... of wanting to be competitive at whatever it was, or a sense of wanting your own identity."
Micheal B Jordan says sharing a name with basketball legend Michael Jordan gave him a competitive chip on his shoulder and a strong desire to forge his own unique identity growing up.
Michael B. Jordan: "When there's another guy out there who's, you know, the guy... I think it kind of created like a healthy chip, so to speak... of wanting to be competitive at whatever it was, or a sense of wanting your own identity."
Seth Rogen says billionaires used to open libraries and museums, but now Elon Musk opens a Tesla diner and still charges people for smash burgers.
Seth Rogen: Maybe this is like, naive of me, but it seems like rich people who were like, had outsized wealth, it seems like they used to like to have their names on things that were like public...
Keanu Reeves: Libraries!
Seth Rogen: People to be used by...
Keanu Reeves: National parks!
Seth Rogen: You know what I mean? Yeah, parks, observatories, libraries, museums, you know, things like that. And now it’s like... people don’t do that stuff anymore.
Aziz Ansari: They do, but it’s like the Sackler family or whatever, but they also gave us like OxyContin to get the money to do it! So it’s like, I don't know, this isn't a good trade.
Seth Rogen says billionaires used to open libraries and museums, but now Elon Musk opens a Tesla diner and still charges people for smash burgers.
Seth Rogen: Maybe this is like, naive of me, but it seems like rich people who were like, had outsized wealth, it seems like they used to like to have their names on things that were like public...
Keanu Reeves: Libraries!
Seth Rogen: People to be used by...
Keanu Reeves: National parks!
Seth Rogen: You know what I mean? Yeah, parks, observatories, libraries, museums, you know, things like that. And now it’s like... people don’t do that stuff anymore.
Aziz Ansari: They do, but it’s like the Sackler family or whatever, but they also gave us like OxyContin to get the money to do it! So it’s like, I don't know, this isn't a good trade.
Caleb Hammer confronts a podcast guest about a suspicious $19 OnlyFans charge on his statement. The guest adamantly denies it's his, claiming his wife is "drop-dead gorgeous"
Caleb: OF?
Guest: It is.
Caleb: The OF.
Guest: Because I don’t have OnlyFans, I don't.
Caleb: Sounds like someone in denial needs to go look at something.
Guest: Have you seen... have you seen my wife? You haven't seen my wife.
Caleb: No.
Guest: Okay, she is drop-dead gorgeous. Why would I ever... why would I ever...
Caleb: Okay, let’s see. I will tell you. I will give you the brutal opinion of myself, because that’s how I live.
Caleb Hammer confronts a podcast guest about a suspicious $19 OnlyFans charge on his statement. The guest adamantly denies it's his, claiming his wife is "drop-dead gorgeous"
Caleb: OF?
Guest: It is.
Caleb: The OF.
Guest: Because I don’t have OnlyFans, I don't.
Caleb: Sounds like someone in denial needs to go look at something.
Guest: Have you seen... have you seen my wife? You haven't seen my wife.
Caleb: No.
Guest: Okay, she is drop-dead gorgeous. Why would I ever... why would I ever...
Caleb: Okay, let’s see. I will tell you. I will give you the brutal opinion of myself, because that’s how I live.
A caller asks how to distinguish between financial generosity and enabling the poor money habits of her husband's relatives and friends.
Alice: What is the difference between being generous and enabling poor financial habits with family members?
George Kamel: Oh, love this question and also I'm sorry. How close are these family members?
Alice: Um, they're my husband's siblings and mom.
Jade Warshaw: Oh, ooh. Well, I think you said the difference in your explanation. I think the difference is poor financial habits. I think that is the difference between helping and enabling. If somebody has really poor financial habits and let me add this part they're not interested in changing them, that is the difference. But if these family members are not willing to do that, that's where it becomes, I believe, enabling because it's no longer helping them.
A caller asks how to distinguish between financial generosity and enabling the poor money habits of her husband's relatives and friends.
Alice: What is the difference between being generous and enabling poor financial habits with family members?
George Kamel: Oh, love this question and also I'm sorry. How close are these family members?
Alice: Um, they're my husband's siblings and mom.
Jade Warshaw: Oh, ooh. Well, I think you said the difference in your explanation. I think the difference is poor financial habits. I think that is the difference between helping and enabling. If somebody has really poor financial habits and let me add this part they're not interested in changing them, that is the difference. But if these family members are not willing to do that, that's where it becomes, I believe, enabling because it's no longer helping them.