For Kamala Harris’ part, though, I think she owes the people of this country an answer. Where does she stand on nationalizing health care? Are you for it or are you against it? Where do you stand? This is a big one that people don’t talk about, affects small business owners, including black and white business owners across the country. She favors what’s called a tax on unrealized capital gains. What that means is even if you have a business, you know, you’re a businessman too, right? So you’re operating a business, but take somebody who’s maybe in a tougher position than you are.

That means you have to pay taxes, even when you don’t have the cash to pay those taxes, because the government says that it’s worth something and you have to pay 25% of that value every year. Well, what if you don’t have the cash in your pocket that forces you to either sell your business, take out a loan to pay taxes? That’s a formula for real economic calamity. She has consistently supported that. That’s what we need to be talking about. Are you still in favor of it? If so, why? Let’s have that policy debate.

And I think that hiding from those issues is something that leaves American people holding the bat. Hey gang, it’s me, Dr. Steve and Kamala Harris has been so busy being booed at, at her own rallies, that she hasn’t had the time to even bother fleshing out her own economic plan if she were to become president, God forbid. And worse yet, nobody seems to know whether or not she actually has a plan. And if she does, she certainly hasn’t told anyone about it, not even her otherwise loyal lap dog, Mark Cuban seems to know what it is.

And he actually came out the other day and said that some of the things that he’s heard that she’s supposedly proposing are so terrible that even he’ll stand up against them. Check and take a look. So some people think that there’s going to be an unrealized gains tax on capital gains. There is not. There is not. Where that came from was Joe Biden put out a budget proposal for last year, for 24 this year. That included that because and look, when I saw that I went ballistic because that’s an economy killer. I’m going to tell you if I’m wrong, she’s going to hate to hear that I’ll work till she doesn’t get elected again.

Because that’s how wrong I think that is. The most vicious policy that Harris has yet to explain to anyone is this potential tax on unrealized capital gains. And the reason this is so important for us to be aware of is because, again, heaven forbid she were to win in November and institute this. What it triggers is a massive transfer of wealth from the people to the bureaucratic powers in D.C. Just watch Vivek here explain in depth what would happen in the event of forced selling. So a tax on unrealized capital gains means that if you have a stock or a business or a private business or land that you own that the government says has appreciated in value, but you can’t sell it, you will nonetheless still have to pay taxes on that unrealized game.

The way it works today is if you bought Microsoft stock a bunch of years ago, you sell Microsoft stock for a gain, you pay 22 percent or so on your gain of the difference of what you made. That’s the way the business says is even if you haven’t sold that stock or that business or that land, you have to write a check in cash to the government. Does the government accept shares in that business? No, they don’t. They only accept cash. So here’s what that means. It will trigger a cycle of what in the business world and in capital markets you would call forced selling.

Forced selling means you don’t want to sell, but you’re forced to sell because you have to pay the tax out of pocket. But it turns out you won’t be the only person required to do that. Somebody else will be required to do that too, but they’ll have to do it at a lower price because you already sold and your sale drove down the price of the asset. And then when the next person does it, that triggers down the price of the asset further, but the guy sitting next to him has to sell that asset to pay his taxes.

That is how you trigger what you call a downward spiral in asset prices. It’s the best formula for triggering a second great depression if we ever had one. And the reality is you know who’s going to be holding the bag at the end of it? The people who don’t hold liquid assets. So what can we do about this? Remember gang, just because Harris might not be elected, it doesn’t mean that there isn’t a massive entourage behind her of permanent Washington bureaucrats who are licking their lips over implementing these crazy policies. So what can we do? How can patriots be prepared to first protect their assets from insane policies and then second, maybe even grow them so they can be liberated from the tentacles and groping hands of the tax man.

Well, joining me today is my best friend in the real estate business, Jeff Rachowski. Jeff has helped thousands of people liberate themselves from financial burdens and live the life they want by following his detailed real estate investing model. He’s actually helped a ton of talkers already just this year, quit their nine to five and reap the benefits of tapping into the world of real estate. We’ll talk about that in a mere moment. But first, Jeff, welcome. Great to see you again, my friend. Dr. Steve, always such a pleasure and honor to come on your show.

I love your community. Some of our favorite students came right from the Tearly Talks following. So I appreciate it. Well, they love you. That’s for sure. But unfortunately, we got to talk about these insane economic proposals. What do you think is really going on here? It does seem this whole notion of taxing unrealized gains is beyond pernicious. I frankly have never heard about it before. So if you don’t, for those not familiar, maybe explain what unrealized gains are in our investments and how bad this policy of taxing unrealized gains would be. It would be it would be an economy killer, plain and simple.

I mean, we saw even the clip you just played with Mark Cuban, you know, the biggest. One of the biggest supporters of Kamala said, you know, I would campaign against this if if she ever tried to implement that. It would be devastating, Dr. Steven. And for those of you that are not familiar is, you know, there’s when in real estate, for instance, you buy a house for two hundred thousand. You sell it for three hundred thousand. You have a hundred thousand dollar profit, which your tax capital gains upon the sale. But what unrealized capital gains would be is you buy the house for two hundred thousand.

The value went up to three hundred thousand. You want to keep the house. You don’t want to sell the house. But they’re saying you need to pay us 25 percent tax on that hundred thousand and not just real estate. This would be on businesses. The government would want to come in and insist that you get your business evaluated each year. And if you work hard as an entrepreneur, small business owner in this country and the value of your your business doubles, but you still want to keep the business like most people will, they’re going to demand taxes be paid.

And as we know, the government only accepts cash. So as Vivek said, this would this would really start a cycle of that forced selling. People would be scrambling to try to borrow money to pay these taxes and then not being able to borrow money, being forced to sell the land, to sell the real estate, to sell the businesses. It would be absolutely devastating. And you always have to keep in mind, though, with the Democratic Party, you know, what is the overarching agenda? And as we talk about and you educate your listeners so well, Dr.

Steve, it’s all about control. It is all about control. They we’ve heard it many times. They want us to own nothing and be happy. I’ve talked many times about the specific agenda with real estate where they want to turn our country into a renter nation. They don’t want us owning. And if that truly is the agenda, which we know it is, this is the perfect way to execute upon that. Wow. Wow, Jeff. Scary. So, yeah, what we know we know Harris has these crazy ideas, but are there any other, you know, tax problems that just normal Patriots should be aware of with all of this? Yeah, I mean, well, that’s like you said, we really don’t know what her plan is.

We don’t really know if she has a plan when she presents certain things. She’ll flip flop a couple of days later to whoever’s listening. But if you look at some of the things that she did throw out, put aside the unrealized capital gains that she just talked about. She wants to increase essentially double regular capital gains from 20 percent to forty four point six percent on the federal level. You know, if you live in New York or California, for instance, you stack you put state tax on top of that. You’re about 55 percent of your your your income, your realized profit going directly to the government.

She wants to increase the billionaire tax from eight percent to twenty five percent. That would generate about 50 billion dollars for the government over the next 10 years, which may sound like a lot, but it’s just a drop in the bucket. Yeah, well, let’s look at what she has done, though. You know, during the Biden-Harris administration, Kamala was personally responsible for two bills. The deciding vote on two bills, the Inflation Reduction Act, which basically increased inflation in the American Rescue Fund. That was a total of three point two trillion dollars that the government didn’t have.

But she cast a deciding vote to print that money, which is ultimately the biggest driver of inflation. Three point two trillion. If that money was just taken, that money, Dr. Steve could have mathematically built about eight million homes or given 48 million households, about three hundred thousand dollars in cash. I’m not saying we should do that, but that that that is the equivalent. So this Inflation Reduction Act bill that she was responsible for. I mean, to me, that’s one of the craziest ideas because we’ve seen the result of that. And we have to understand that inflation in and of itself is a tax.

And, you know, the cost of goods and services have they’re not going. Inflation maybe has decreased. I don’t necessarily believe the numbers that that they’re giving us, but even if inflation is down around two percent, what they’re saying, that just means prices are going up a little bit slower than they were. And then she has the twenty five thousand dollar tax credit that she wants to give first time home buyers. First of all, you could go pretty much, you know, get that get that twenty five thousand dollar credit for most home builders today.

It’s not necessary. And we have to we have to stop the spending in this country. We have to stop the quantitative easing, the printing of money, because above all else, that is the number one driver. She wants a six thousand dollar tax credit for her children. But she neglects to tell us that only applies if you have two children within the same year. So, you know, really what this is, Dr. Steve, it’s all smoke and mirrors. It’s just a marketing strategy. They’re making promises that there’s no intention to keep these promises. It’s all about control.

Yeah, all about control. By God’s grace, they won’t have the opportunity. But boy, it’s scary. You know, I’m just looking at the backdrop to all this. In your opinion, how how was this even allowed to happen? How have we even gotten here? I can’t imagine politicians even contemplating taxing unrealized gains. How did how do we get here in the first place? Yeah, you know, it’s it’s simply an you know, an evil agenda. It’s you know, it’s it’s right out of the communist Marxist playbook. And it’s really, you know, there’s a hatred towards our country.

Yeah. And it’s amazing that the you know, our leaders in our in our country hate our country. Yeah. And it really is that agenda. But honestly, you know, how did we get here, Dr. Steve? I honestly, if I have to point the finger at somebody and I say this many times to me, this isn’t a political problem. It’s not even necessarily a financial problem. It’s a spiritual problem. Yeah, this is good. This is good versus evil and good people, good Christian American patriots. You know, a lot of us, you know, have just been asleep at the wheel, you know, not allowing this to happen.

I thought I talked for many. I go around and I even speak in churches and and educate churches just on, you know, financial literacy and things along those lines. And I love the church. But the American church at large for many years even kind of suggested that we should stay out of the world. We should stay out of politics, stay out of business. You know, so the result of that is you have a lot of people with not good intentions, you know, making the decisions. And we’re seeing we’re seeing it play out in front of us.

But the good news is, man, we’re starting to wake up there. They’re starting to wait. They really, you know, they’ve been poking a sleeping giant and we’re waking up and we’re going to take this territory back. Yeah, you could feel it, can’t you? I mean, God spared his life for a reason on it. I see the picture right behind you, man. I mean, J-13, it just seemed like that was a message that things are about to turn around gloriously and wonderfully. So that I mean, you preempted exactly where I wanted to go with this.

Give us some hope here. We’re all about taking action, being proactive. What can patriots do in response to these potential threats? Yeah, you know, we have to take our financial future into our own hands. You know, we the days of being able to we never should have put our hope or dependency in the government. But the agenda at play in our country right now ultimately is to make us dependent on the government. That’s where they’re taking us. That’s where we want to go. We look at, you know, the traditional nine to five job that Americans, many Americans depend on.

The days of defined benefit plans are gone. We’ve entered the era since the 70s of the 401k, which is just not working for most Americans. Forty two percent of Americans right now are projected to retire broke, meaning they’ll have less than ten thousand dollars in savings before retirement, which is staggering. So we’re I mean, this is a crisis right now. This is a this is a financial crisis. And and a lot of people, a lot of Americans are going to get hurt if we don’t wake up and we don’t take responsibility for our own financial future and start building even even colleges now and you know, it’s just it’s just, you know, all that the our the whole world really has been flipped upside down.

And we have to understand that, man, if we want to retire comfortably, if we want to provide for our families, if we want to leave an inheritance for future generations, if we want to contribute in a positive way to our community, our churches, help the people, you know, that we love, we have to we have to basically say it is my responsibility. And the hope is, you know, many companies like mine and many other ones out there as well. You know, we’re we’re rising up and we’re just saying, all right, if they’re we’re not they’re not going to teach us this in the school systems, we’re going to go out and teach people how to grow, how to multiply money.

So at Kingdom 320, we focus on real estate. You know, real estate is the number one asset class historically for creating wealth. We have almost 26 million millionaires in our country right now. Seventy four percent of them, according to the U.S. Census Bureau, created that wealth through real estate. So so to me, it’s very simple. Dr. Steve is, first of all, as scary as it can look out there and it does look scary at times. First, we always have to put our faith in God. And we have to read the end of the book and we know ultimately it looks a little scary now, but we win.

Right. This is not the end of the story. This is not the end of your story. So we have to have faith. We can’t bow to the fear that the that the media and so many others are trying to indoctrinate our culture with. So we have to have faith. But then step number two is we have to get the right education. You know, making money in real estate, making money with different asset classes is overall very simple, not easy, but simple. You got to learn some things you got to put in the work. So we got to get the right education and then we have to step out and take action.

We all know the definition of insanity, doing the same thing over and over and just expecting a different outcome. Nothing is going to change in our world unless we change, unless we do something different. And again, most Americans right now, it hurts my heart because they’re still putting their hope in the government. They’re still putting their hope in their nine to five. And many people are really in for a rude awakening. Faith, education, action. I love it. One action people can take right now is to book a call with Kingdom 320 with you and your staff.

What I love about what you guys do is your fundamental concern is for the person who’s calling and you even go so far as to say, hey, we may not be able to help you, but we’re going to show you the way. We’re going to help you get help, as it were. And that’s what I like. Can you flesh that out a little bit? So if someone were to book a call with you guys, what can they expect in terms of your mentorship and in terms of your literally ministering to them? Yeah, I was just going to say, really, you know, this is a business, obviously, but we look at it more as a ministry, more as a mission.

And, you know, we understand that ultimately God cares about people. And, you know, every person that we have the honor of talking to, even whether they join our program or not, we’re going to leave them in a better place than we’re going to find them. We’re going to help them get clarity to where they currently are, clarity around where they want to go. And then what are the steps that need to be taken? And we will talk to them about how we can help them in our mentorship program, of course. And there’s so many facets to the mentorship program.

We have one-on-one coaching. We have field review. We have live events. We have virtual events. We have on-demand curriculum. We have, you know, incredible community. But really, at a high level is when I believe the Christian entrepreneur, the Christian patriot needs to succeed is really three things is, number one, we all need mentorship. You know, mentorship is the greatest shortcut to success in life. Typically, we always, we want to do something and we focus on the how instead of focusing on the who. You want to succeed. You want to succeed quickly. Find somebody that’s doing what you want to do, having the results you want to have, doing it God’s way, by the way, and hitching your wagon to theirs and learning.

So we provide mentorship. We have about 36 coaches, and I always tell our students, I said they’re very good coaches, but they’re not professional coaches. They’re professional real estate investors that coach. So everybody in our program that works with our students, they are on the front lines doing the business. So they’re not like economics professors. They’re not teaching you in theory, right? Like, you know, Dr. Steve for a number of years, then you stepped out and you said, all right, I’m going to go from theory to, you know, practice. That’s right.

So you are learning from real estate investors, you know, coaches that have closed the minimum of 25 deals all the way up to coaches that own over $100 million in assets. And these are people that care about the mission. They really donate and volunteer time. We pay them a little bit, but it’s, you know, but they do it because of the mission and because of the call. So to me, you’re not going to find better mentorship in the industry. And then number two is we all need a community. You know, God did not create us to do life or to build business alone.

And that’s one of the things, I mean, you’ve created such a beautiful community here at Turley Talks. And, you know, I like to think we’ve done the same at Kingdom 320, but we’re over 5,000 now students, Christian entrepreneurs all across the country. Every Wednesday, we come together on a Facebook Live and we celebrate all the deals that were closed just over the past week. I actually did it last night and we had eight deals that we were able to highlight from students. And it’s just, and we see we see many of our students doing their first deals, joint venturing, partnering together.

One found the deal, one has the money. They come together to do something they couldn’t have done on their own. So we love really connecting that community. We all need that tribe of people that are going to cheer us on, focus on the positive, pray for us when we need prayer, all of that. And then number three is we all need, we need a mentor. We need a community, but we just need a plan. And whatever it is that your listeners, whatever that is important to you, if it’s important to start generating larger chunks of cash quicker, we have, we have plans for that.

I call that my deal finder plan. There’s ways to start making money in real estate without even needing money to do it without even having to own the properties to do it. Maybe passive income is important to your listeners and they just, they feel they love their job. They’re passionate about it, but it doesn’t pay them quite what they would want. Let’s get some passive income flowing through many different strategies and plans that we have. Maybe you have a great retirement account, great 401k, but you’re tired of riding the roller coaster of the stock market, you know, and you want consistent cashflow.

All of these things could be attained through real estate and it’s not far out of reach. Just a little bit of learning, a little bit of mentorship, and then the courage to take action. It’s amazing how your life can change dramatically. It is amazing. And gang, if you’re listening and you think that maybe now is the time to begin your journey to becoming a liberated patriot, truly free, right? No longer relying on the government. You really need to contact Jeff and his team. You need to understand what an amazing opportunity this is.

Like Jeff said, even if Jeff and his team can’t help you directly, they’re going to help you find the people who can. That’s what makes Jeff and his team over at Kingdom 320 so amazing. They’re literally here to bless you in any way that they can. So make sure to book a call with Jeff and his team right now and let’s build an amazing parallel economy together. And let’s stick it to Kamala and these crazy nuts who are desperately trying, as Jeff said, to control us. And we’re not going to let them. So thanks so much, Jeff, for helping us make sense of all of this insanity.

Oh, my pleasure. And one last thing, Dr. Siva, I forgot to mention, just for your listeners, whether you move forward with us or not, we have a free gift called our Kingdom 320 Toolbox, which includes a lot of things that people need to get started in real estate that will help you irregardless whether you move forward with us. But always such an honor, always such a pleasure. I’m just looking forward here in a very short time from now celebrating Donald Trump as the 47th president of the greatest country on planet Earth.

God bless you, Dr. Siva. God bless you, Jeff. Thank you. [tr:trw].

See more of Dr. Steve Turley on their Public Channel and the MPN Dr. Steve Turley channel.