PBD Podcast Wearing Belts are for Poor People | PBD Podcast | EP 46
Mar 16, 2021
Matt Sapaula, a dynamic financial expert and entrepreneur, joins the discussion with Patrick and Adam Sosnick. They humorously dive into the significance of fashion choices, like wearing belts, while analyzing Florida's unique tax structure. The trio debates Florida’s tourist tax strategy versus California’s, and explores political corruption in Illinois. They also tackle Joe Biden's proposed tax hikes, the role of mentorship in sports, and the impact of cancel culture, all while underscoring the importance of diverse voices in creating a thriving democracy.
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Beltless Fashion Statement
- Adam Sosnick didn't wear a belt because it was fashionable.
- The hosts discuss the historical significance of belts as a marker of socioeconomic status.
Florida's Tax System
- Florida's tax system relies heavily on tourism revenue.
- They impose a 5% tourist tax on visitors staying less than six months and no state income tax on residents.
Tax Proposal for California
- Patrick Bet-David suggests California implement a 20% tourist tax.
- This would allow California to eliminate state taxes and attract businesses.