Robert Kiyosaki: The GOP Tax Cut Won't Boost Savings
Entrepreneur and author of "Rich Dad Poor Dad," Robert Kiyosaki joined Cheddar to discuss his views on why the rich are getting richer!
The businessman explains that the lack of financial education in schools is a major contributor to the poor paying higher taxes. Kiyosaki says that people like himself and President Trump are rich and many others are not, because of financial literacy.
The less one knows about how to use debt and other tax-related loopholes, the more likely you are to end up paying more.
When asked about former co-author and president, Donald Trump's proposed tax cuts, he says he doesn't believe it's going to put more money back into the average person's wallet.
On the other hand, charity investments, knowledge of tax exemptions, and the likes, are rich people's way around paying taxes. He cites the system as unfair, but says someone has to pay taxes, an onus usually placed on the poor.
When it comes to charitable giving, Kiyosaki explains that a charitable remainder trust is a way to manage how your tax money is distributed. He says that charity is an essential part of being human, and people should prioritize giving to charity before paying off any debt you have.
Kiyosaki said that if he were to die today, his charitable remainder trust is set to give back $35 million yearly in perpetuity, to the causes he cares about.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
