Back to episode — Episode 2594 CWSA 09/11/24
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in history, you want to stay away from the reserved days. Something in March would be good. There’s nothing in March. So if you’re going to do something that’s going to be world-changing and it’s going to mark a day, look for March. It’s sort of unspoiled territory there. Well, we will talk about the debate of course. I’m just waiting for people to pile in here. The update on inflation has fallen…
← Previous segment →n day. Which should raise a little flag in your mind that says, “Huh, huh. The administration that’s in charge says the economy is extra good right before the election. I wonder if there’s any data they left out.”
Well, according to Republican researcher Jackie Kitz (I think that’s at least somewhere close to the way she pronounces her name), since Harris took office gas is up 46 percent, electricity 30 percent, fuel oil 43 percent, airfare 21 percent, hotels 49 percent, groceries 21 percent, baby food 29 percent, K through 12 food 66 percent, rent 22 percent, transportation 32 percent, car insurance 55 percent, overall inflation 20 percent, real average weekly earnings down 3.4 percent. Now even if you adjust for the fact that some of these comparisons are wonky because of the pandemic—you know, for example I imagine the pandemic lowered airfare for a while because demand was down, so I’m not sure where we’re counting from—but generally speaking, generally speaking, prices are way up and I think everybody knows it.
Well, importantly after the debate Taylor Swift endorsed Harris and signed off on her letter saying why. She called herself a single cat lady, which was kind of funny but also suggests, you know, maybe that cat lady thing hurt a little bit. Maybe it hurt a little bit.
Well, as others have pointed out and Trump pointed this out himself, it’s really expensive to be a public figure and endorse a political candidate. What do you suppose it will cost Taylor Swift to support Harris? Well if it’s anything like we’ve seen before she should probably instantly lose about 20 percent of her annual pay, meaning that fewer people will support her. We don’t know that but that would be a typical response.
So let’s see. Recently she made 92 million in a year with her tour. So let’s say she takes 20 percent off of that. So that’s going to hurt a little bit. Let’s say that her music catalog, which is estimated to be worth 500 to 600 million, let’s say that goes up in value and she’s got this unrealized capital gains. So let’s say it doubles in value then she’d pay 25 percent on her extra half a billion. So that might cost her 125 million. And of course her income taxes would be higher because she’s a high income person under Harris. So if her endorsement makes a difference, it puts Harris over the top, it should
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cost Taylor Swift for that several hundred million dollars. Now you could argue that Elon Musk cost himself way more than that for endorsing somebody. You might say that me endorsing Trump cost me some number of millions of dollars, which it did. And it’s expensive. So I have to admit I kind of appreciate that she’s willing to basically lose hundreds of millions of dollars to use her free speech…
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