➡ The speaker discusses various issues including high property taxes in California, the importance of insurance, the need to look out for the elderly, the mental health crisis due to financial stress, and the high cost of daycare. They also mention a story about a bank worker stealing from elderly clients and the importance of community support during tough times. The speaker encourages listeners to join their email list and private channel for more information.

➡ Wendy’s CEO, Kirk Tanner, has noticed a worrying trend where customers are buying less due to high costs. He believes this, along with rising labor, food, insurance, and advertising costs, could seriously harm the fast food industry. Despite being the third largest hamburger chain, Wendy’s future is uncertain. The video ends by asking viewers for their thoughts on the situation and potential solutions.

Hey, it’s Dan. Welcome back. This is IAllegedly and I’ve got a good one for you today because this is insult to injury. This is when the man oversteps its boundaries and takes advantage of the little guy and the big guy for that matter. Please hit the like button, subscribe to the channel, join our email list. But guys, one thing that has happened here in California is we had massive wildfires in January of 2025 and these wildfires did damages. You know, he had 12,000 structures destroyed in the Talisades area alone, the Eaton Fire, which is out to Dina.

Thousands of houses were destroyed there and what people are getting right now is their tax bill, property tax bills for houses that don’t exist. Now, people are sitting there saying, hey, they should pay these and it’s kind of ridiculous because some of these people don’t have a structure there and the LA County tax assessor steps forward and says, oh, you don’t understand. We can’t give forbearance on this. You sure can. You sure could. They could do this. They could do whatever they wanted to do but they don’t want to do that because they need money and the state has ran horribly.

Now, one person that step forward was a real estate developer named Grant Cardone. Grant Cardone has been known for his apartment buildings, all his land, everything that he’s purchased, all his classes. During COVID, I watched this guy every day because he would get people through, you know, that time and he would talk about salesmanship and how to present and how to move your business forward and it was really solid advice. I’ll talk about him a little later but one thing that Grant Cardone did was he famously bought a 40 million dollar Malibu home.

His wife Elaine and him looked and looked and looked and found this beautiful house right near the water and said, let’s get this. 40 million bucks. Now, we’re not supposed to feel bad for the rich guy. I get that but what happened was house burns down. Everything around him is destroyed. Cannot live in the house right now. Like he says, it’s a liability as it is right now. So, with that being said, you’ve got a property tax bill that was normally 41 million dollars, okay? Well, the assessor said we did you a favor Mr.

Cardone. We lowered it to 37 million dollars. How is that a favor, guys? How is that remotely fair that they’re doing this, you know? So, oh you don’t understand we’re not allowed to get rid of the tax bill. We’re not allowed to cut this back. That’s what the county tax assessor said and there’s a famous video and it’s from another TikToker. I won’t show it to you but it’s ridiculous because the idea with this guys is that they can get rid of this stuff and they’re not doing it. So, here you’ve got a bunch of rich people in Malibu that voted for these people.

This is the best part. Now, they’re sick of this. They voted for incompetence. They voted for people to be totally taken advantage. Hey, how are you? So, with that being said, you’ve got all these poor people that own all these homes that they cannot live in but you’re supposed to pay your full property taxes. Now, here you’ve got Altadena, which is a working-class neighborhood. Now, yeah, you do have some million-dollar houses there but that’s nothing compared to the Malibu area and Grant Cardone. Grant Cardone says, I’m not gonna pay my tax bill guys.

I’m going to go and sue the state. I’m gonna sue the county assessor. I’m going to, I want a mass action lawsuit is what he’s calling it and what the mass action lawsuit is he wants a lot of people to get together and not pay their property taxes. How is it fair to pay property tax on a building that doesn’t exist anymore? Now, the county assessor who’s never run a business who’s an idiot said, no, you don’t understand. These figures were determined six months earlier when the house was there and we gave Mr.

Cardone a deal. What they did was they said that the house that was worth $41 million, they reassessed it for $37 million. Guys, this is, you know, hundreds of thousands of dollars he’s gonna pay in property taxes. No, no, how is that fair? How is that fair? Now, I don’t care if you like Grant Cardone or not. I’ll tell you why he’s a great guy in a minute, but here’s the thing. He is presenting something. You know, Donald Trump, you want to have no tax on tips. You want to have no tax on overtime, no tax on Social Security.

Let’s step it up one, one step further. If you are over 65 years old, you should have no property tax on being over 65 years old. Now, that is a hell of an idea. As I get older, I’m thinking, wait a second, I don’t want to pay property taxes. How great is that? The majority of people that lose their homes as they get older because of property taxes, unforeseen expenses. Look at Connecticut. Laura from Connecticut sent me a great article about this poor community that is, number one, losing money because the city is not running its municipality well.

So, what do they do? They raise their property taxes by, you know, $3,000. Now, you can sit there and say, that’s not that much money, Dan. It is. If you make $1,800 a month and you’re on Social Security and your house is paid for and it’s not worth, you know, $100,000 and you get a $3,000 bill, what are you going to do? Who’s going to pay that? See, there’s a thing. Not everybody has somebody. Not everybody has a friend. Not everybody has, you know, Dan and they’re like, oh, listen, let me help you out.

Let me write you a check. A lot of people don’t have that. And $3,000 will be $30 million for some of these people. Now, that would be a great thing. This would be insane. And Grant, because he’s Grant Cardone, will get an audience with the president. Here’s the one thing about this president is that everybody gets to, if you have an idea and you have a suggestion, you can fly to Mira Lago on your own dime. Grant lives in Florida, so Grant can go down the street and go to Mira Lago and sit with the president and present ideas like this, at least to his team and then to get to the president.

But no tax over 65? I’m all for that. I’m closer to there than I am any place else. Now, Grant Cardone. Cal State Fullerton University here, college here in Southern California, has a marketing department. And one thing that I was honored with a few years back was, hey, why don’t you become a mentor for the marketing department? And they have a great program with this marketing class. And Scott, the professor that ran it, would bring different professionals in and he would help guide the students. And what they would do is this college would sell marketing programs to businesses and then the college students would write them.

I think at the time they charged them $2,500 or $3,000. And these students, part of their project was to make a presentation to the company as to why they should have, you know, what they should do marketing, selling products, things like that. I think I did it four semesters. And one of the semesters, one guy, they were looking for different businesses. He said, you know, I’m a motivational speaker. Why don’t you guys do me? So how do you market that? It’s not merchandise, it’s him. Is he any good? Well, he, you know, the guy was great.

That was fantastic. Anyways, so I had these students and that was our client. So we had to come up with a marketing program for this motivational speaker. And of the students, how do we do this? And we have our strategy sessions. And I gave them who the top 12 motivational speakers were in the country. Grant Cardone was in that list. And reach out. Let’s take ever, you know, you take three, you take three, you take three, and let’s see who you can talk to, who you’ll get answers from. Whether it be their staff or it be the individual.

Now, Grant Cardone, one of the students, I won’t say her name, but she reached out to Cardone Industries. He called her back. Hey, when you want to talk? Gave her a half an hour of his time. And I was like, wow. Now, what a great guy, because his whole message was get yourself out there. You’ve got to tell this guy that he’s got to speak everywhere he can. He’s got to speak at every, you know, city council meeting. He’s got to speak at every, every elks club meeting. He’s got to go big and small and get himself out there.

Because if this message is good, more people will want him. But this girl got all this stuff and got all this expertise from Grant Cardone, who gave a half an hour of his time to this college student and didn’t ask for anything. Don’t promote, hey, promote my book. They didn’t do any of that shenanigans. He was just there to help. And it was absolutely great. Now, ever since then, I thought, okay, this guy’s great. And I love the story of him and his wife, because his wife refused to date him for almost two years and kept going, going and going and going after Elena.

And Elena Cardone is a brilliant business woman in her own right. And when I was running my conferences, I’m like, I’m gonna get Elena Cardone to speak at my marketing conference. And I stopped doing the conferences because of this. But again, great husband and wife, great team. But as far as the insult to injury with the property taxes, how do you guys feel about that? I think that this is an absolute ripoff. And again, Grant Cardone thinks that this is a land grab. He thinks that this is designed to have people lose their homes, and not be able to maintain anything.

And you know, you’ll be you’ll own nothing and be happy. He said, this is this is criminal what the state of California has done, and trying to do this, this massive land grab right now. So if you haven’t noticed, I’m at Mom Yoga today, by popular quest from all you guys to come back out here. So what do you guys think about? I think it’s terrible. I think that that the state of California has just shown how it is being ran into the ground. And it’s a beautiful spot. The weather is great.

It’s 80 degrees out here. It’s a beautiful day. Okay. But as far as the property tax, BS, as far as you know, we have something here called Proposition 13, where it was supposed to be property taxes capped at 1%. But then they added, you know, oh, you want to have school bonds, you know, one of this that it’s basically at 1.2 to 1.3% to where you live unless you have a thing called mellow roofs, which I’ve shown you those new tracks, where they build a new track for you have to pay for the road homeowner.

So you get an extra 1%. So if you buy a $3 million house, you know, get ready to pay, you know. So I mean, people don’t get how expensive the property taxes are. So let me know what you think about this. I really feel for these people that lost everything. But I talked about this last month, about people that had $4 million assets. And now they don’t have anything. I had a woman walk up to me on the cruise ship last cruise I went on for my birthday. And she said, Hey, I want to tell you something, you know, your video that you made about, you know, insurance really hit home, because my parents lived in the Palisades.

So their house was $4 to $10 million. I have no idea, but the house was paid up. Let’s say it was only worth $4 million. Paid off, got rid of the homeowners insurance. Okay, house burnt to the ground. Now they have bills from that. Okay, how wrong is that? How stupid is that? It is, it’s dumb. And I told her I said, I’m totally against not having insurance. And, you know, anyways, let me know what you think about this. I like Grant Cardone for this reason. And I just think that he’s got something there.

But should you pay this bill right now? Yeah, pay it. You know, there’s only been 12 building permits issued right now to date to rebuild 12 12 12 12 out of 12,000 houses in just that one area. Okay, forget, you know, Eaton, fire and Altadena. That’s the that’s the poor folk. You know what I mean? Let me know what you think so far. There’s more to cover. And first thing, you know, we have to watch out for the elderly right now. Mountie Brown was a man that worked at a Clinton, Maryland bank.

And Mountie was 27 years old is 27 years old, and he stole $255,000 from older clients. And what he would do is he would pose as the clients because he worked at the bank. And with that, he would go out, and he would get access to their ATMs and would just for months, steal money when he needed it. But these old people, nobody was checking on them. So they got ripped off. And the guy finally pled guilty, and is going to go to judge in jail. But again, look out for people guys, watch out for people check on people.

And I had a really good response from my hometown video when I went back to Omaha, and saw my parents childhood neighborhood, my mom where she lived with my uncle. And it was great. It really was great. But it also taught me and brought me to the fact that we need to look out for each other right now. You know, people, you know, are having such a difficult time right now when it comes to money. And here’s the wild thing is mental health awareness. Think about this. People are not doing well mentally when it comes to their finances.

And only 17% of the people that they surveyed from study finds can afford therapy right now. So here you’ve got basically, you know, out of five people, you’ve got almost 40% of the people say that they’re mentally unfit to deal with the current situation. How awful is that? So you can sit there and say, Oh, you know, grow a pair, you know, toughen up, we’re all in this together, you know, be an adult. Okay, a lot of people have a difficult time. And, you know, I dealt with breakfast, my cousin this morning, before I came here.

And we were talking about how tough it is for people right now, that are married, and one person’s losing their job, and the stress that people are going under right now, sometimes is too much to handle. And people don’t want to talk about the one thing that drives relationships apart. And rarely is it cheating, rarely is it anything else. It’s the fact that they’re having financial difficulties. If you know that, fix it, guys, fix it. Now, here’s something that hit home with me. You know what it costs to have the average family to have daycare.

Okay, it is incredibly expensive. Some people spend more money on daycare than they do on rent. And my kids, my kids are 27 and 24. When they were young, we had the greatest daycare program, we could drop our kids off at school, two different schools, okay, because of their age difference few years apart. The daycare program had a van, and they would pick the kids up from school at their different times and drive them to daycare. And then we would pick them up between five and six o’clock at night every night.

And it was the greatest money well spent because we could work and go about our day. But was it expensive? Oh, yeah, it was a ton. I think one year I spent almost $20,000 on daycare. Okay. And when was that 2007 guys, whenever the hell that was way back when, okay, these people today are spending more on daycare than they are on rent right now. So you want to have a cheaper way to fix things have cheaper daycare, not everybody’s got grandma not everybody’s got a good program. Now, here’s the thing about this.

Kids homework was done. They had teachers, they had fun activities every month, they would have a summer camp, I donated the t shirts for the summer camp every year, every single year I did that. And it was the greatest thing ever. But not every house I’m making afford stuff like that. But man, I’m telling you that is outrageous. When I saw these numbers, I was blown away that people like not to pay a double rent. And so when you sit there and you think about your nieces, your nephews, your kids, what they pay for this stuff, you know, it’s crazy.

I know somebody that, you know, the mom was single, and she was watching the kid, oh, I’m dating, you know, Charlie’s a new guy in my life. And because of Charlie, she’s never gonna watch the kids and they have to pay somebody to watch the kid. Okay, not everybody has that. So share your thoughts on this stuff. Let me know what you think about that. But again, you can budget for certain things, but you got to make the money to be able to pay for it. Remember that. I’m going to finish this video with these last few things.

First thing, don’t forget to join our email list. The link is below in the video description. Click down, sign up for it. It’s free. But we sent a lot of good information on there. And one’s going out this week. Second thing, we have a private channel, where I cover a lot of things we can’t talk about other places. It’s uncensored. It’s called iAllegedly Live. You sign up at iAllegedly.tv. Put that in your browser, iAllegedly.tv, and you can sign up and get all the information on it. Now, the final, final story is, you know, we’ve talked a lot lately about fast food places that have had, you know, trouble.

Okay. And we talked about Burger King this week, we talked about Popeyes, we talked about Tim Hortons. Next one is Wendy’s. Kirk Tanner is the CEO of Wendy’s, and they did their financial numbers this week. And you know what he said? He said that he sees such a disturbing trend, disturbing trend of what people are purchasing. They’re not buying the meals. They’re buying one sandwich and water cups. They’re buying less and less and less because they cannot afford it. But he does not see this changing. And he sees that it’s going to kill this industry because of labor costs, because of food costs, insurance, and running the whole show and advertising, you’ve got to make it, you know, and fight through this, which people are going to have an incredibly difficult time with right now.

So it will be interesting to see if Wendy’s survives during this time. Third largest hamburger chain, but fast food is now a luxury. It’s just crazy, guys. It’s just crazy. So let me know what you think about the Grant Cardone situation, about property taxes. Do you think it’s fair that these people have to pay their property taxes? We have a lot of good people in our audience. We’ve got people that work for municipalities, people that have been voted in to office in different places. Let me know what you think about this.

What would be your solution for this? Let us know in the video comments below. You can always reach me by going to Hello at I Allegedly dot com. Nothing like mom yoga, guys. Onward and upward. I’ll see you guys very soon. [tr:trw].

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