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Hello, welcome back ladies and gentlemen!Rarely do I ever have, during a day of broadcasting, a better opportunity to clearly contrast progressive ideology and free market, freedom based ideology, and the economic principles and outcomes it creates.As you know, on this show, our main goal is to inspire and to educate, and to entertain, on the principles of economics, of free markets, on capitalism, and on freedom and liberty. In the stack today, we’re going to talk about socialism and it’s effects here.Hillary Clinton, most recently, said some things at a recent fundraiser about businesses and creating jobs. More, from the party of ‘you didn’t build that’ coming out of Hillary Clinton. Apparently, hundreds of people, if not thousands of people over the last several years, are giving up their U.S. citizenship.They’re just giving it up and moving away so we’re going to talk about why that is as well as the principles that we are adhering to right now that’s causing to flood out what is still in my opinion one of the greatest countries on Earth, one of the freest and most successful countries on Earth. Why are people leaving? French unemployment: I know it’s rare to talk about French unemployment here on this show that’s basically has an American audience. But it’s important because French unemployment is skyrocketing.It’s at all time highs. And the question is why? What’s happening over there? What’s causing unemployment rising so high? Youth unemployment in France is 50%. Half of youth in France who are looking for work can’t find a job. And we’re going to discuss why that is, what people need to do and what changes need to happen in France in order to put it back together.Then, we’ve got some other stuff in the stack. One of the surest ways to ensure your untimely death is to call the suicide prevention hotline and tell them that you’re suicidal.Man in Roy, Utah placed a call to a suicide prevention hotline at 4am Tuesday morning threatening to kill himself. Several hours later, he was shot and killed by police.So, if we have time we’ll get to that. -----If you would like to discuss anything with John about the show, email him at Jason@TheLiveShow.TVYou can also use the hashtag #TheLiveShowFollow Jason on Twitter: www.Twitter.com/TheLiveShowTVFollow Us on Facebook: www.Facebook.com/TheLiveShowTV-----If you are really enjoying the show and would like to support what we're doing at The Live Show, please consider donating to our cause. You can do that at www.Patreon.com/TheLiveShow-----Are you interested in advertising on The Live Show?Reach out to us at Advertising@TheLiveShow.TVWe’d love to talk with you.-----SponsorsTrade Pro Futures: http://tradeprofutures.com/The industry's top futures and forex trading platforms.Trade Empowered: http://www.tradeempowered.com/Learn how to day-trade, swing-trade, or become a profitable long term trader.Main Street Alpha: http://mainstreetalpha.com/A social site that links up professional successful traders with verifiable track records to capital.----- Let’s start off about this Hillary Clinton situation.If you remember back, President Obama talked with a group of supporters that people who are successful in America did not get there on their own, that if they have a large successful company that they didn’t build that. And somebody else made that happen, someone else helped them along the way. The general premise his argument is this old argument that we’re all in this together, that no single man creates an industry on his own. No he doesn’t, it always requires cooperation.But, the Democrat Party is the party of ‘it takes a village’ and they think that that’s at odds with libertarian beliefs. It’s not. No one thinks that a man gets to where he is on his own. It’s only through cooperation and, what we would say, free cooperation between people that things happen. What progressives will have you believe is that the government is responsible for the success or failure of a nation. And, that is true in the sense that the laws and mandates that it puts into place will either hamper or support the free market system. But it is not the government controls, it is not the government deciding on one hand or the other who will win or lose that ultimately determines whether or not a country is going to be successful, of whether it is adhering to these principles of free market and liberty.Hillary Clinton says,“Don’t let anybody tell you that it's corporations and businesses that create jobs. You know that old theory, trickle-down economics. That has been tried; that has failed. It has failed rather spectacularly.”And, let me break this down here.Number one, I’m going to show case possible Presidential candidate, Hillary Clinton, her stupidity as is most of the people in Washington are in their understanding of basic tenets of economics. The second thing that I am going to do is destroy this concept of trickle down economics.Hillary starts out by attacking who creates jobs. Now, she doesn’t say who actually creates jobs but the inference is if companies and corporates don’t create jobs then government must create jobs, the hirer of last resort.The second thing that she does is she tries to attach this idea of who creates jobs to the ideas of trickle down economics. Now, I would submit, she’s right in the sense that companies do not create jobs. A company is nothing more than a physical structure. A company can no more create jobs than a rock can create jobs. People create jobs. People who start companies. People who work at companies. People who make decisions inside of companies creates jobs.A corporation is nothing more than a collection of shareholders or individuals who run the company. A corporate is a box, it’s brick and mortar, it’s plaster. So you have to understand that when you are talking about a corporation, you are talking about individuals making decisions that either grow a company or destroy a company. But if a corporate does not create jobs then who does?Well, the people inside of that company do.And she talks about trickle down economics and tries to connect the fact that this theory that money will flow from the top down to the bottom. What progressives are attempting to suggest is that if you pump money directly into the poorest of people, that will in fact raise everyone up out of poverty, that the poor will have more money which means the middle class will have more money, which means they will spend money, which means that those who are at the top will get a portion of that wealth. Here’s the problem: there is no such thing as trickle down economics.This is not an economic principle. No economist in history has ever discussed or promoted a theory of trickle down economics. The word was created by progressives in an attempt to explain a economic principle that they did not understand. So, if trickle down economics is not a real thing, what is the missed understanding?Well, the misunderstanding is this. The progressives believe that free market economics requires that you pump money directly, you give money through subsidies or tax rebates to the richest people in the world and that somehow sparks growth and it will trickle down to those at the lowest level of society. And that’s why they always try to classify tax cuts for the rich as being trickle down economics.The issue is they are wildly inaccurate in what tax cuts do. Milton Friedman talks about this. What do rich people do with their money? They invest it. What do they invest it in? In companies and in stocks, which turn around and do what?They invest it in growth of their company. You see, capital investment is the key to growth.If you want a country to grow, if you want companies to grow, you have to invest in that company. Now, that can be done by the owner investing with his own capital or by going to Wall Street and saying to people ‘come invest in my company.’But what they don’t understand is when you invest in a company, the first dollars that get invested end up going to other people, not to the top 1%. They go to the workforce, they go to the contractors, they go to the research and development that goes on inside the company. It’s only after when those principles, those ideas are put to test in the free market do they see the potential for wealth coming back the other direction.What progressives fail to understand is that those people who save and invest who actually creates jobs, who actually grows the economy. It is not the fact that people at the bottom spend money. It’s the fact that people at the top, people who have money to invest and risk are willing to invest that capital. And the less capital they have to risk, the more difficult they make the process, the harder that it is going to be for an economy to grow. To illustrate my point, I want to read from Thomas Sowell.He’s so good, unlike other economists, what Thomas does is he explains the economic principles that perform best, that do the most to create the most amount of freedom and liberty for all people. He explains it in a way that every single person in America and around the world can understand.And what we’re really talking about here when we talk about corporations not creating jobs, trickle down economics is they are railing against tax cuts for corporations, tax cuts for ‘the rich’.Here’s a quote from Thomas Sowell:The “Trickle Down” Economics Straw Manhttp://capitalismmagazine.com/2001/09/the-trickle-down-economics-straw-man/The real effect of a reduction in the capital gains tax rate is that it opens the prospect — only the prospect — of greater future net profits. But that is enough to provide incentives for making current investments.Those who imagine that profits first benefit business owners — and that benefits only belatedly trickle down to workers — have the sequence completely backward. When an investment is made, whether to build a railroad or to open a new restaurant, the first money is spent hiring people to do the work. Without that, nothing happens.Money goes out first to pay expenses first and then comes back as profits later — if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.Even with successful businesses, years can elapse between the initial investment and the return of earnings. From the time when an oil company begins spending money to explore for petroleum to the time when the first gasoline resulting from that exploration comes out of a pump at a filling station, a decade may have passed.You see, when you cut taxes on ‘the rich’, when you cut taxes on the investments people make, what you are doing is you are opening up the prospect and only the prospect of greater future net profits. And that investment that is made first goes not to the pockets of the rich and powerful, but to the worker.If you want the clearest demonstration of true trickle down economics, you need to only look as far as the recent actions taken by the Federal Reserve. One that economists like Paul Krugman, politicians like Hillary Clinton and President Obama support. And it is the idea of directly funneling money, pumping money into the economy. John Maynard Keynes is an economist who believed in the theory of deficit spending.There is absolutely a benefit to government spending during a recession. And what the Keynesians want is when the economy begins to slow down, that the Federal Reserve and the Federal government should step in and print whatever money is necessary and pump that money directly into the economy in order to stimulate to keep the economy afloat. And then as the economy comes roaring back, they suck that money out through higher taxes and through higher interest rates. Although the theory is sound, the problem is, in reality what ends up happening?What ends up happening is, we end up spending money during the deficit period and then as the market comes roaring back, nobody wants to raise taxes.No politician wants to claw that money back by raising taxes or increasing interest rates. So what we get is a constant steady increase in the dollars in circulation, in the debt the country incurs, and an increase in regulation, which is not what Keynes espoused.But the clearest form of what trickle down economics is if you look at the current spending. What they did is they injected capital directly into the economy and who did they give it to? They did that through offering 0% interest rates to the banks.The banks then reconstituted their balance sheets, they ended up loaning out that money to large corporations who they had almost no chance of losing money on at very high margins so the banks start to see record profits coming in.Now, try to get a loan for a home or a small business. Those loans are extremely hard to come by.Why? Because interest rates are so low. Nobody wants to loan out money to a small business where the risk is high and the return on investment is low.They would much rather hold that money on reserve now that they’ve reconstituted their balance sheets and loan it out as interest rates increase or they want to put their money into large corporations that have a very low chance of defaulting on the debt.And, as we see, that form of direct trickle down economics, if you want to use the term in the progressive philosophy of how we ought to be spending money, what do we see?  Who gets hurt? The people that get hurt are the people at the bottom.What do we see? The greatest wealth disparity in history in the United States exists now.Why? It’s because of the very principles that the Federal Reserve and our government are promoting. That’s what’s causing this wild disparity in wealth.It has nothing to do with tax cuts for the rich. It has to do with the economic policy of progressives in Washington and a Federal Reserve that’s taking the approach of stimulating, providing assets and resources, to the richest in the United States to the detriment of the poorest.True trickle down economics is practiced by progressives, not by conservatives, certainly not by free market capitalists.We live in a society now where you are not restricted by the country that you live in, where corporations are not restricted, where individuals are not restricted. You can live, work, start a company anywhere in the world.This is how bad it’s gotten that our government is starting to create policies to keep people in. Tax policies that force companies and prevent companies from going overseas, forcing them to stay inside the country so that they can collect the tax dollars.These are the policies that we are now seeing in America. This is how our government attempts to fix the economic issues that we’re faced with. And what do you see? You see 9,000 Americans over the past 5 years have turned in their passport. 2,300 people in this year alone. Hundreds Give Up U.S. Passports After New Tax Rules Starthttp://www.bloomberg.com/news/2014-10-25/hundreds-give-up-u-s-passports-after-new-tax-rules-start.htmlThe number of Americans renouncing U.S. citizenship increased 39 percent in the three months through September after rules that make it harder to hide assets from tax authorities came into force.People giving up their nationality at U.S. embassies increased to 776 in the third quarter, from 560 in the year-earlier period, according to Federal Register data published yesterday.Tougher asset-disclosure rules that started July 1 under the Foreign Account Tax Compliance Act, or Fatca, prompted more of the estimated 6 million Americans living overseas to give up their passports. The appeal of U.S. citizenship for expatriates faded further as more than 100 Swiss banks began to turn over data on American clients to avoid prosecution for helping tax evaders.The U.S., the only Organization for Economic Cooperation and Development nation that taxes citizens wherever they reside, stepped up the search for tax dodgers after UBS AG (UBSN) paid a $780 million penalty in 2009 and handed over data on about 4,700 accounts. Shunned by Swiss and German banks and with Fatca starting, more than 9,000 Americans living overseas gave up their passports over the past five years.What does this tell us? What this tells us is that people will find a way. That you cannot legislate control over the free market. That if you do so, people will start to change their habits. Also, companies, as we’ve said before they’re nothing more than groups of people, will find a way.If you tell a company, look, you cannot incorporate overseas, guess what they say? They’ll say, that’s fine. They’ll create a company overseas, that company will buy all of the assets from company A and now it will become an overseas company. Now, we will lose all tax revenues just like we’re losing the tax revenues of those 9,000 individuals, high net worth folks, who have just decided to say ‘I’m done’. Now, I don’t care if you agree with that or not. You can call them tax dodgers or un-American. It doesn’t matter. The point is the money is gone.Those are producers. They are people that create wealth who are saying it’s so bad in America that I am willing to give up my American citizenship. Can you imagine someone in 1950 saying that?It is so bad here that I would rather be a man without a country. Or I would rather go live in Switzerland than be an American. We have got to change.Now, if you want to see what it looks like, if you want to see where we’re going, and what these policies actually look like when they’re fully implemented, you need to look at France. French unemployment hits new record highhttp://www.france24.com/en/20141024-france-unemployment-rises-new-record-high/Data from France’s labor ministry showed unemployment rose by 0.6 percent last month, after the modest 0.3 rise it experienced in August.“Let’s be honest, we are failing,” French Labor Minister François Rebsamen told Le Parisien newspaper on Friday in an unusually candid acknowledgement of France's massive unemployment problem.We can look at France right now at this very moment and we can see the outcome of the policies that we are now implementing in the United States. We can see where we're going.The belief system that President Obama, Presidential Candidate Hillary Clinton, that the entire progressive party in America, the Democrat Party supports, is one of rampant unemployment, massive problems with youth unemployment, which is what we're seeing right now. The largest youth unemployment in history. More people on food stamps, unemployment insurance, than ever in history.This is not because there was a great stock market collapse or a housing implosion. It's been nearly 8 years. It has absolutely nothing to do with that. It has to do now with the policies that are in place that are causing those problems and the perpetuation of this cycle. Man calls suicide prevention hotline, SWAT team shows up and kills himhttp://axisoflogic.com/artman/publish/Article_67905.shtmlA Roy, Utah man, Jose Calzada, 35, placed a call to a suicide prevention hotline at 4:00 a.m. Tuesday morning and threatened to kill himself, seven hour later he was shot and killed by police, according to law enforcement.According to ABC 4, neighbors described Calzada as a quiet, friendly man, who was divorced and now lived in the home with his girlfriend and her children.The first tragic mistake in this case was made when the Weber County Consolidated Dispatch Center sent officers to the residence rather than some type of crisis response team trained to deal with suicidal individuals.From previous cases, such as that of Jason Turk, who was shot twice in the face after a suicide call to 9-1-1 by his wife, or that of Christian Alberto Sierra, who was suffering from depression and had attempted suicide when police showed up and shot him four times, killing him, most know all too well what happens when you send officers to “assist” people threatening suicide.Subsequently, a SWAT team came to the residence and “negotiated” with Calzada for more than seven hours before taking his life.“At some point those negotiations failed and unfortunately the SWAT team was involved in a shooting, and the subject is now deceased,” said Roy PD spokesman Matt Gwynn.Support the show.