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Kak

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Happy International Podcast Day Everyone! Episode 86!

So they were both asked the question last night about "climate change."

I took this for a bit of a spin:

 

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Kak

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Hey man, been out of the loop for a few weeks and man you've been pumping out a lot of episodes!

A couple of thoughts:

1. One of your points was that if we put a cap on the amount of money a person can make, it would make people less likely to strive for wealth and therefore contribute less.​
Say we put a cap of taxing money over a billion dollar at some outrageous percent, maybe 70%.
One, think about the path to get to a billion dollars. Say a person graduates college, gets a good job at 100k/year. Then they move up, move around, start making 300k/year. Then they start their own company and start making a million dollars a year (profit). It would take them 1000 years making only 1 million/year to get to a billion dollars.
But say they keep growing and they get to 1 million/month. That's 12 million/year profit. It would take them 83 years to get to a billion dollars.
But say they really grow, and now they are making 10 million dollars a month. 120 million dollars a year. It still takes them 8 years to get to a billion dollar.
This is all post tax. So if they accumulated 120 million dollars a year, they made closer to 170 million per year for 8 years assuming tax rate at 30%.
Then after that, say they are taxed at 70%. They would still be making 51 million dollars a year.
You're saying that this person who is pushing the envelope, killing it in business year after year, is just going shrug and give up because he'll only make 51 million instead of 120 million once they cross a billion dollars net worth? I think they'll just try to make 400 million dollars a year and get back to 120 million post tax.

2. Maybe the limit is not a billion, say it is two or three. Would that be okay?​
3. Is it possible to make that level of money without involvement and support from the government? At a certain size its a better business decision to buy politicians than to work on the product or service.​

4. You mentioned that efficiency is what is best for the consumer. But the larger the scale, the more efficient you become.​
At what point do you become a monopoly and at what point should the government step in? Larger companies buy out smaller companies all the time and implement their more efficient systems and the brand will do better, but it generates less choice for consumers overall. I'm sure you've seen this image.
View attachment 35083

5. One last thought is that we're not in a "free" market or even one that is truly about Capitalism, but we probably shouldn't be either.​
An example is Walmart. They pay their workers so little and adjust their hours to have as few full time workers as possible that most of them are on food stamps. That's an example of a huge company utilizing their lawyers to make the rest of us taxpayers subsidize their profits. If we could force companies like Walmart, McDonalds, etc. to pay their employees a living wage, then the pull on welfare would significantly decrease. Obviously raising minimum wage would have other consequences, but we're paying for their workers already, just in a different bucket.

Even now Uber and Lyft are fighting for their drivers to remain independent contractors when they don't quite fit the definition. Especially the ones who basically drive full time.

Another is with other examples of government subsidies, like farming. If we were to take those subsidies away the entire industry would collapse. Would smaller farmers become more or less competitive? Would efficiency go up or down?
At the same time we want to make sure that we have adequate food production within our own country and if the only way to do that is with government intervention, then is that really something that Capitalism or a free market would provide?

Sorry for the rant/tangent, one thought just led to another. Maybe some ideas for future episodes.
I'd love to hear where you and other people are at with some of these issues.

I will, at some point, make an entire show out of this! Thank you for the content. These are good questions and will absolutely make an epic show!
 

Kak

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So the content in this episode has shaped some fundamental beliefs about business for me... I am actually kind of shocked it took me this long to put this one up. I guess I felt like it wasn't my story to tell... The fact is, the effect it had on me and my belief system in business IS my story to tell.

Episode 87- Why Do BRILLIANT People with BRILLIANT Ideas Fail To Build BRILLIANT Companies?

 

Kak

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Kak

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Episode 89 is here!

My apologies for the late-in-day submission!

This was a really freaking good show though.

 

Kak

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Kak

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BizyDad

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21 pages and almost a hundred episodes?!?! Sorry bro, but didn't you just start this thing?

Man, when you set your mind to something you just all in, huh? Bravo.
 

Kak

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21 pages and almost a hundred episodes?!?! Sorry bro, but didn't you just start this thing?

Man, when you set your mind to something you just all in, huh? Bravo.

Yes indeed!

Actually, something cool is happening behind the scenes! I am in the final stages of discussion with my first major sponsorship! I am stoked about who it is, it truly fits the show.
 

Kak

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Started another episode today. 10 minutes in... Not to my standards. Today gets a pass.
 

Matthew Hinton

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Just subscribed. Great work!
 

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Kak

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And 92!

I got inspired to be super practical today. Why scale works great at any stage in building a business... ALSO, raising your HOURLY rate needs to be a higher priority for your business than than your overall pay...

 
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Kak

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Episode 93!!!

I survived coronavirus! I talk about the anti-business Bolshivekian policies they have pushed on us all.

 

MJ DeMarco

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Kak

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You mean literally or figuratively?

I guess this is one time I could say literally.

Yes. I recorded radio shows through it and everything. I've been recovered for about 3 weeks. I didn't want figurative black helicopters hovering over my house so I sat on this for a while.

Some of the forum members did know about this.
 
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Timmy C

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I really liked the episode on

Don’t Blow Your NET WORTH On Your Business.​

It resonates a lot with me right now. I am considering pivoting; having cash to allow for pivots makes sense instead of going all-in on something and not having any other options to change things up.
 

djcoax

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Great work and really enjoying the podcasts ... it's like my little pocket mentor to carry around.
Really good content. BTW how great of a name would "pocket mentor" be for a podcast.

If you would push me to say something negative ... as a European your intro is very "American". It sounds like the trailer of a Michael Bay movie from the early 90s. I know how "Y'all" all like that but it's not my thing just like shooting beercans with an AR-15 in the yard is not my thing .. so I quickly fast forward through it.
 

Ocean Man

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@Kak, I had an idea today and was disappointed that Spotify hasn't implemented this.
Screen Shot 2020-10-16 at 4.35.58 PM.png
I made a little mock-up of the idea using your website as the template. I think it'd be improve the viewer's experience if you were able to somehow categorize your episodes. That way a person can either go into the "All Episodes" category or if they're looking for something more specific, such as economics... they can find that as well.

What do you think?


//EDIT:
I noticed that Garyvee has something similar: Gary Vee Search Engine, where you're able to enter a phrase and it'll look through all his content to find bits where he mentions that phrase.
 

Kak

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@Kak, I had an idea today and was disappointed that Spotify hasn't implemented this.
View attachment 35303
I made a little mock-up of the idea using your website as the template. I think it'd be improve the viewer's experience if you were able to somehow categorize your episodes. That way a person can either go into the "All Episodes" category or if they're looking for something more specific, such as economics... they can find that as well.

What do you think?


//EDIT:
I noticed that Garyvee has something similar: Gary Vee Search Engine, where you're able to enter a phrase and it'll look through all his content to find bits where he mentions that phrase.

Sorting them like this would be very cool. Unfortunately there isn't much to my backend. So I doubt it can be done. Maybe at some point.
 

MJ DeMarco

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So after nearly 100 episodes, what you learned?

What take aways?

What would you do different?

What do you see for the next 100?
 

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theag

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I'd love to be able to shoot beercans in my backyard with an AR-15.

Unfortunately its frowned upon in highly civilized and politically correct Europe.

This has quickly become one of my favorite podcasts btw :blush:
 
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Kak

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So after nearly 100 episodes, what you learned?

What take aways?

What would you do different?

What do you see for the next 100?
I am going to make this into the 99th show.

I have a VERY cool announcement and related content for episode 100!
 

Kak

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So after nearly 100 episodes, what you learned?

What take aways?

What would you do different?

What do you see for the next 100?

Here is 99!

A big thank you to you MJ.

 

Kak

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BOOM! We made it to 100 folks!

In this episode there are TWO big announcements for KBRS that I am thrilled to share with you guys in my favorite episode yet!

 

Bekit

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Congratulations on #100! That's awesome! Cant wait to hear it.

#edit -

Now that I've heard the show, MAJOR CONGRATULATIONS on your announcement around the 7-minute mark!!! That's awesome!

This was a really great episode.

Quotes that stood out to me:

"The bigger the business is, the more you can weather the storm."

"Have a long-term horizon. Always sacrifice today for tomorrow. Be patient. Learn to enjoy your time while waiting for that long-term horizon."
 
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Andy Black

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BOOM! We made it to 100 folks!

In this episode there are TWO big announcements for KBRS that I am thrilled to share with you guys in my favorite episode yet!

Whoa! Well done @Kak.

One. Hundred. Episodes.

A great example of getting started and keeping going.

What do you think has changed the most for you doing this podcast?
 

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