August 25, 2025 • 34 mins
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Speaker 1 (00:00):
Casey, I have a breaking news for you. Oh yeah,
what what's going on? I'm going to start this award
winning program on a Monday with breaking news. Groceries are
really expensive.
Speaker 2 (00:11):
I don't know if you're breaking that news to anybody
right now.
Speaker 1 (00:14):
So Sunday yesterday afternoon. By the way, what a horrible
idea to go on a Sunday afternoon. Used to be
you say, I'm going to go on a Sunday afternoon
to the grocery store because the crowds will be thin thin,
and it'll be fine and it'll be a quicker experience.
That is true. However, there's nothing left in the store.
Speaker 2 (00:32):
Oh everybody went on Saturday.
Speaker 1 (00:34):
Well, but it used to be that way. There's clearly
still issues with supply. It's not like this was some
super holiday weekend. It's not like it's fourth of July.
I would I would, I would understand that. But like
this happens quite a bit where if you go to
the store in the evening, especially on a weekend, you
have like they're just empty sections, like and it's bizarro
(00:57):
stuff too. Like Livy loves the bob Evans mac and cheese,
so I always try to get one of the family
size Bob Evans mac and cheese. I can split them up.
We're in the phase of using the fork now, which
is a wild and wacky adventure, and so I can, like,
you know, I can get four or five meals for
her out of one of those family size mac and cheese.
(01:17):
There are two sections of it. One sector is completely gone.
There's another section where they're kind hidden where they were
up near the deli. But there are a whole bunch
of things that were just gone or limited, very limited
in supply, or there was nothing good. So that's one
side of it. I got six bags of groceries, like
six little Walmart bags of groceries. No steak, no meat
(01:39):
like a lunch meat. But that's the it's not even
the good kind, right, it's the kind of probably you
inter some sort of you know, observational facility after you
eat it. But like six bags of groceries, I'm like
five or six years ago to cost me about fifty
bucks ninety dollars.
Speaker 2 (01:59):
Yeah, the cost of everything so high. So Jim, he
loves the chocolate.
Speaker 1 (02:05):
Jim is your husband.
Speaker 2 (02:05):
Yeah, he likes the chocolate. Intimate's doughnuts. Yeah, yeah, kind
of like snap. I was reading the label on those recently,
and I was like, there's really no food in this
at all. But he found out that there's an Intimate's
wholesaler in Indianapolis.
Speaker 1 (02:21):
Uh huh.
Speaker 2 (02:21):
And he's like, oh, I'm gonna have to drive to
the north side of town because there are a dollar
a box there versus what they are at the grocery store. Now,
I don't know if any of that is true. He hasn't,
you know, gone through with it yet, but that's where
we're at. You're going to look for the wholesalers at
this point.
Speaker 1 (02:38):
Well, so I was like, I was thinking about this
as I'm watching the things scale up every single time,
and I think most of our audience knows by now.
I am a very observant shopper, like I will get
the off brand wherever possible, I price point, like, I
try to do all the things right. And I'm watching
this thing go up and then there's the total and
(03:01):
then you have the sticker shock. But then you're also
I'm like, Okay, I can my family, I my wife works,
we can afford this.
Speaker 2 (03:11):
So you weren't putting anything back.
Speaker 1 (03:13):
No, I don't get as much as I used to
but I'm thinking, Okay, we can afford to pay this.
It's just money going out the door. But there's a
lot of people who can't, who can't do this, Like
where does this end? And it's a big reason why.
(03:34):
So I was going through the like I have a routine, right,
and I was just gonna get the same stuff, and
I'm like, I'd like to mix it up a little
bit this time. And mixing it up costs me probably
like twenty dollars. Yeah, that sucks, right, because I want
to do something a little different this time. I'd like
to get some new food in the house. Oh twenty
dollars extra, just to just have something different. Again, we're
(03:55):
talking all the frozen stuff that's probably rotting my insights.
We're not talking.
Speaker 2 (03:58):
About to the top of the at Hey stuff.
Speaker 1 (04:01):
The top of the line stuff here, and so you're
looking at this. This is why.
Speaker 2 (04:05):
It's so.
Speaker 1 (04:07):
Maddening to me that all of this time is being
wasted on things like redistricting, when neither the Republican nor
Democrat party is doing anything to help you at the
grocery store.
Speaker 2 (04:17):
No nothing.
Speaker 1 (04:18):
They're not doing anything to help you on the price
of anything, and yet they won't. They won't spend any
time on that. But they will go to the ends
of the earth. They will move heaven and earth to
pick up one more seat for themselves and their party
in the in the Congress.
Speaker 2 (04:31):
Right, no special session to address the property tax issue. No,
but possibly a special session to keep them in power.
Speaker 1 (04:39):
Yeah, and so my question to the politicians would be like,
where does this end? I mean, groceries continue to rise
in price. And it's also the maddening thing about well,
inflation is under control. Well, no, it's not. Because the
rising price, even though it's not rising as much or
(05:00):
it's gone back to more traditional levels of price increase,
all the price increases in the past four or five
years are a fact is a part of that. So
by the rising price, you're not undoing what you did before. Okay,
So they've stopped elevating you know, these historic levels. Okay,
But the historic level, the historic increase, is now a
(05:23):
part of the new everyday price. It's not like things
have gone backwards in price and wages have not kept up. No,
with the with the with the price increases of the
core stuff.
Speaker 2 (05:36):
The thing that really drives me crazy at the grocery
store are some of the other items, the non edible
stuff like deodorant seven ninety nine for the deodorant.
Speaker 1 (05:47):
For one, Yeah, no it's women deodorant.
Speaker 2 (05:49):
More well, I don't know, I haven't priced out men's deodorant. Yeah,
but like toothpaste, these are yes, so ridiculous. The cost
of some of these things. Yeah, and you said you Costco.
How about that? Is that an option?
Speaker 1 (06:05):
The problem I have with the Costco. Now, they're fine
for the diapers, the wipes, all that sort of stuff.
The problem I have with the Costco is I don't
have any room to put the stuff.
Speaker 2 (06:15):
Yeah, you need some storage for right, like that bulky stuff.
Speaker 1 (06:19):
I live a very uh while this this life appears
both sexy and groovy at the same time, I live
a very middle class existence. And my house yeah when
the factor in uh, there's three people living in there
and it's got uh what's it got? Three very uh
(06:40):
small bedrooms? Like it's like, I don't just don't have
you know, you can do it for the paper towels,
you do it for the toilet paper. I usually go
at the bending of the year. That'll last me for
the year. Okay, great, And the diapers and the wipes
and whatever. But I can't be buying bulk of meat
like it can't be buying like I have a you've
seen my house. I have a little pantry. I don't
have room for all of this stuff you need.
Speaker 2 (07:04):
Like a meat freezer you can put in the garage.
Speaker 1 (07:06):
Well, how much does that cost? Right?
Speaker 2 (07:09):
How long would it pay for itself?
Speaker 1 (07:11):
But the point of all this is it's not stopping.
You are being priced out of existence and your lawmakers,
and look, we can bring it back. We can bring
it back here to a state level. Look at what's
going on with energy prices.
Speaker 2 (07:26):
That's going to be the new property tax. It is
Nikki Kell energy prices.
Speaker 1 (07:31):
And we'll get into this with her on Thursday when
she joins US, had a fascinating opinion piece in the
Capitol Chronicle. Her opinion piece about why all of this
is happening, and she really, she really nailed what's going
on with this. And I know our old Paladi reporter
talks about this a lot. These SMRs, the lawmakers try
to act like there's some magic bullet, these small modular
(07:55):
reacts to the nuclear stuff. This nuclear stub hasn't worked.
These SMRs hasn't worked anywhere yet that I'm there's no
place where you can point to go. Look at this
entire city. You know, it doesn't it hasn't worked. You're
decades off if it ever does work. And yet you're
gonna pay for it the entire time because they're giving
away the farm to these mega buildings. And all right,
(08:17):
so anyway, I just I wanted to I didn't know
if you knew.
Speaker 2 (08:21):
The grocery price. Yes, I was aware of that.
Speaker 1 (08:25):
Okay, well, very good, I've I've then I was just
a waste of your time. I'm sorry.
Speaker 2 (08:29):
No, I just want to make sure you were fully
demiserating together on a Monday.
Speaker 1 (08:32):
Yeah. Well, and the other part of this is, and
I gotta get too break. What if someone loses a job,
right like in a in a let's say you're a
family of four.
Speaker 2 (08:40):
That's why these they say people are job hugging now
instead of job hopping. Yeah, that's the whole thing we'll
get into, Okay, all right.
Speaker 1 (08:48):
When we come back, I have a question. And an
event happened over the weekend. There was a record price
paid for something, and there's a story behind it. And I,
my wife and I had a long conversation about this,
about whether the person who is sort of the middleman
in all of this should be kicking himself, should be yes,
(09:09):
should be pleased, satisfied, have gratitude, or whether that person
should be sprinting to the tallest building imaginable.
Speaker 2 (09:20):
Okay, you're listening to Kendall and Casey. It is ninety
three WIBC.
Speaker 3 (09:32):
Yeah, we have to talk about a guy's situation and
how he should respond should be responding to it, because
my wife and I had a spirited debate on this.
Speaker 1 (09:43):
We feel totally opposite about this. Before we do that, though,
It is a big day for me. Yeah, it is
the fiftieth anniversary of Born to Run.
Speaker 2 (09:52):
It is today, so happy birthday, happy anniversary, Happy celebration day.
I mean it should be a national hall. Right, banks
are closed, stock market is not trading.
Speaker 1 (10:04):
Born to Run most people wear this program. I am
a sizeable Bruce Springsteen fan, and Born to Run was
his sort of breakthrough album. He went from being this
guy who was sort of talked about as this unbelievable
live performer who had had basically no success selling albums,
and then he does this in nineteen seventy five, incredible
(10:27):
album which sort of became the sort of the blueprint
for what would become an incredible career. And it's an
album that changed my life and inspired me. And so today,
in honor of the fiftieth anniversary of Born to Run
with keV, will be my strowing all of our intros
with the eight fabulous tracks off of Born to Run.
(10:48):
And then I'll do a little Mellencamp to steal another
guy a little diddy later about that and how it
impacted me. And we have a new piece out.
Speaker 2 (10:55):
Yeah, there's an article right now WIBC dot com Rob
Kendall list his top ten favorite Bruce Springsteen album.
Speaker 1 (11:03):
I don't write very much anymore, but matt our boss said, Hey,
would you mind writing a little thing about what Born
to Run meant for you? Look, if you enjoy this
radio program each day, a big part of what you
hear is inspired a little bit by that. And so anyway,
if you'd like to read that, all the words are
incomplete sentences, proper punctuation, grammar, in the proper tenses. I
(11:27):
believe I have it pinned up at Robin Kendall on
Twitter if you'd like to do that, all right, So, okay,
so there was a record price paid for a sports card.
Over the weekend.
Speaker 2 (11:42):
There was was a Michael Jordan and Kobe Bryant basketball card.
Speaker 1 (11:45):
It's right they call it a dual Logo Man card.
So for what they they started doing this in the
two thousands is Jerry West was a famous basketball player
and his silhouette is the logo of the NBA. So
you see it on the court, see it on the jerseys.
It's become known as Logo Man. Jerry West is Logo Man.
(12:09):
And in the mid two thousands, these sports card companies
started taking they call them jersey cards, where they take
a piece of a game worn jersey and they insert
it in a piece of cardboard, and people pay exorbitate
prices for these things. They started making these logoman cards,
which were very rare, where they would take the logo
off of a jersey worn by a player put it
on a card. And this this two thousand and four,
(12:33):
two thousand and five exquisite Michael Jordan Kobe Bryant dual
Logoman autographed cards. So both of their signatures are on
this card, and both of their Logo Man patches are
on this card. It's sold casey are you ready for
this for twelve point nine three to two million dollars.
Speaker 2 (12:51):
Yeah. So it's sold at Heritage Auctions over the weekend,
part of the summer Platinum Night Sports sale. Twelve point
nine million dollars for a basketball card.
Speaker 1 (13:02):
Now, it came out that what mister wonderful is one
of the guys who bought this card.
Speaker 2 (13:06):
Yeah, Kevin O'Leary actually bought this along with two other people,
and he said, this is the type of thing that
you accrue part of your portfolio. He likens it to
like a Jackson Pollock painting or warhaw. She says, it's
a very thin market, but it's an alternative asset class
(13:28):
and he's all in. Clearly he's all in if he's
willing to fork over twelve point nine million dollars for it.
Speaker 1 (13:35):
Okay, So here is the interesting part of this story.
So Fanatics, which is a sports collector group they sell things,
et cetera, they had a post about this card and
in twenty thirteen, this is how much the sports memorabilia
market has gotten wacky. A guy bought this card in
twenty thirteen, so twelve years ago for twenty five thousand dollars. Yeah,
(13:59):
and they found the guy who bought the card. Now,
it turns out he had numerous offers to sell this card.
He refused to sell it, and then finally two years
later he relented and sold the card for one hundred
and seventy thousand dollars. So he bought it in twenty
thirteen for twenty five thousand. Yeah, he sold it for
(14:19):
one hundred and seventy thousand dollars.
Speaker 2 (14:21):
He made a hundred fifty thousand.
Speaker 1 (14:22):
Yeah, he made hundred fifty thousand dollars. However, so then
the guy whoever owned it bought it from him owned
it until this sale. So whoever owned bought it from
this guy bought it for one hundred and seventy thousand,
sold it for twelve point nine million. Right, So my
question is, if you're the dude who originally had it
and sold it for one hundred and seventy thousand and
(14:43):
made one hundred fifty thousand, would you be sick to
your stomach or would you be like, Hey, nobody can
predict the future. I made one hundred and fifty thousand.
I had ten years to do stuff with one hundred
and fifty thousand dollars. All's fair in love, war and
buying and selling, trading sports. Since where are you at
with this?
Speaker 2 (15:01):
I have some mixed emotions about this, because, as you know,
the dude is in sports memberabilia and collectibles, and I
have at one point advised him to sell a magazine
which has turned around and sold again, yeah, for more
than what he originally is.
Speaker 1 (15:21):
Like when you tell Jim, oh, gosh, when you tell
Jim to sell stuff, and do you say, get that
thing out of my house? You have too many of these?
Speaker 2 (15:28):
No, it's more like the point is to sell, not buy.
Quit buying stuff, start selling stuff.
Speaker 1 (15:35):
I don't think he understands that the point is to
sell and not buy things. I think that's well.
Speaker 2 (15:39):
I think he does. There are some pieces that he has.
They are to have and to hold, oh, because he's
holding them in hopes that one day, yeah, they will
turn into a twelve million dollars item.
Speaker 1 (15:53):
The first time I ever met, by the way, the
first time I ever met your husband, Like, I walked
into your house and it was like, huh, you got
trouble letting go of things?
Speaker 2 (16:05):
You may can stilly go horder.
Speaker 1 (16:07):
Well, he is in the collectors sense, right, in the
memorabilia sense, that is busy exactly right, right, right right.
So okay, So my wife said she wouldn't feel bad
at all because the guy. She's like, the guy made
one hundred and fifty thousand dollars. He's a dealer, he's
in the business of making money, which is basically the
(16:28):
flipping business. And he made one hundred and fifty thousand
dollars in two years for doing nothing, and he had
all that time. She's like, I wouldn't feel bad about
that at all. Now me, you know, I can't let anything.
Speaker 2 (16:39):
Go kicking yourself.
Speaker 1 (16:40):
I hold the grudges, and I beat myself up over things,
and you know, the OCD and all this stuff. Like
I would be I would be heading to the top
of the seventh floor of the Imus building and then
pulling a less nessman saying I.
Speaker 2 (16:54):
Had a twelve million dollar card, I let it go.
Speaker 1 (16:57):
I see both sides of this, I do. I do
like I see where on one end you would say, Okay,
if you did something smart with that money, you would
have probably made a bunch more money buying more cards,
selling more cards. But then also I'm like, oh, man,
I had something worth thirteen million dollars. All that keep
it up, just hold it, you know whatever.
Speaker 2 (17:14):
Right, So you make decisions based on the information you
have at the time. Right, did this guy have any
faith that that card was a twelve million dollar card?
Clearly not enough to hold on to it? Right? What
did he do with the one hundred and fifty thousand
dollars that he made?
Speaker 1 (17:32):
Yeah?
Speaker 2 (17:33):
Did he reinvest it back into his company? Did he
you know, spend it on groceries? Like? What did he
do with that money? And if he used that money
to go buy other cards in hopes that maybe one
day those cards will be worth money. Yeah, well that's
a loss because he had the Holy Grail?
Speaker 1 (17:53):
Yeah, keV, where would what would you would you be
with me? Casey seems okay with this. You use seem
like you were I've.
Speaker 2 (18:01):
Been through it. Yeah, there's nothing you can do about it, right, Oh,
you know, would you be like Casey where you're like, well,
you know, I made some money and it's fine and
all's well, and or would you be like me and.
Speaker 1 (18:12):
You're like you dumb son of a and just and
just spend your days pounding your head against very sharp
metal objects.
Speaker 2 (18:20):
I feel like if I got a good chunk of money,
I'd just be happy with that, right, just be grateful
you had that.
Speaker 1 (18:25):
All right, y'all are out in space, Jared. I bet
Jared Lewis would have a measured approach. Jared Lewis with
the news. Where would you be if someone handed you
one hundred and fifty thousand dollars? But you know, ten
years later, if you had just held on to the thing,
it could have been worth thirteen million dollars. I'm sorry
I missed out on the initial. Well, you're of no
help to anyone. Jerry Lewis is next with the news.
Speaker 2 (18:42):
It's ninety three WYBC.
Speaker 1 (18:45):
It's just almost said it school to Search Forest Groomy
seem like the whole true story toom when we went
to the hospital to have Libby. Yeah, this was the
song that was playing on the.
Speaker 2 (19:04):
Trip tenth Avenue Freezer. That's right, second songs on the album.
Speaker 1 (19:10):
Yes, it's the fiftieth anniversary of Born to Run. So
we've decided today because well it's half my show since that's,
you know, the album that kind of inspired me that
we would have a birthday celebration today.
Speaker 2 (19:20):
Yeah, it's an origin story album for you. I'm curious
when you were on your way to the hospital. Did
you do that intentionally or was that magic?
Speaker 1 (19:27):
No? I think that was God saying it's time to go.
It's roll and I'm going to keep you here for
twenty four hours before this kid's going to come out.
So you better enjoy the music because the hospital is
going to be hell this.
Speaker 2 (19:38):
She had a nice song on the way.
Speaker 1 (19:40):
Okay, So Kennell Casey show and Rob that's Casey. Interesting
thing that. Well, look, it's popping up all over the
place now and people are finally starting to notice that
the utility was the power bills in this state are
totally out of control, Like you're seeing skyrocketing twenty plus
percent in some cases year over year etric bills. And
(20:02):
I saw somebody say this, and I know you touched
on it earlier in the program. It's fined and great
and everybody should be totally focused on the property tax thing,
but these utility bills are becoming as big or a
bigger menace. When you think about if you're having to
add twenty or thirty dollars a month, year over year
to your property to your utility bill, well, that's somewhere
(20:25):
between two hundred and fifty and four hundred dollars a year.
That is the new property tax thing. Yeah, and it's
part of the broader conversation of what we kind of
opened the program with is you're getting priced out of living,
like when the groceries are up twenty or thirty percent,
when your property tax are up twenty to thirty percent,
when your utility bills are up twenty to thirty percent,
(20:47):
and all of these things you're getting nothing new for them.
You're not gettingything better, You're not getting anything improved. The
lights are still on in the house, the government is
still operating as it always did. Now there's more of it.
It's doing bright shiny objects, but it's not getting better.
And in the case of food, you're still now you're
buying less stuff, but the food is still the same
like like you just it's it's an unsustainable keeping that
(21:10):
same quality of life.
Speaker 2 (21:11):
Well, I would argue that when it comes to your
energy costs, it may be worse because the prices are
surging and with these data centers popping up, one of them,
I believe made an agreement. We talked about it how
they made an agreement with Google saying that you know
when they're probably when the energy is surging, they'll they'll
(21:33):
power down. So who's to say that when you go
to flip the light on that it will be there.
Speaker 1 (21:39):
Well, that's where you're headed. And that's what people need
to realize is it's not even a cost. I mean,
the cost is a massive deal, but there is no
I mean they are selling you pie in the sky
bill of goods on these SMRs right now. The General
Assembly and rotten, rotten, miserable people like Ed Soliday State Representative.
(22:01):
Who is the guy who's trying to like strong arm
that mayor have portage or we're speaking out. I mean,
our state legislature is led by some really rotten, disgusting,
underhanded people, and they are leading you to believe because
of the enhancement of their own existence that is taking place.
The Endi Star laid out how much money the power
(22:23):
industry is putting into these politicians. Obvious, yeah, that they've
found some silver bullet that is going to help fix
all this, that you can have all these megabuildings and
that it won't harm you. It's just it's the same
argument that they tried to make during COVID, where Holcom
led you to believe that he could shut the state
(22:44):
down and you wouldn't feel any long term ramification of that.
Of course we've seen that now, look at the disaster,
this medicaid, look at all these businesses that didn't reopen,
Look at the changing landscape of our society, what has
come in in its place. Everything got altered because they
led you to believe that you could shut society down
and there wouldn't be any ramifications for it. It's the same
(23:04):
thing happening here where you cannot put all of these
new megabuildings that require all this power, these data centers
into existence and think that there's not going to be
ramifications of your daily how you live because there's not
enough power for everybody.
Speaker 2 (23:22):
Yeah, they consume enormous power. They also offer minimal job creation.
Plus they have these really long tax abatements as well.
These utility companies are spending millions on campaign donations and lobbying,
which is influencing the policymaking. And you've got to consider
the fact now that your utility cost this is going
(23:45):
to be a more urgent crisis than the property tax debate.
Speaker 1 (23:50):
Yeah it is. And so who was this right side?
Mike right side? Underscore? Mic is what this guy goes
by on Twitter is Mike Thompson is his name, And
nobody's refuted this and said, oh, this is totally out
in left field. This seems pretty accurate based on what
we've seen publicly put out. There are forty There are
more than forty data centers proposed to come to the
(24:10):
state of Indiana in the whatever to be, you know,
maybe ten fifteen years, But there are more than forty
of these things. And the massive amount I mean you
are talking about some of these data centers that on
their own require more power than the entire community in
which they live, in which they're housed. You cannot do that.
There's not enough of this. So the logical answer is
(24:32):
there's no way that they're going to tell Google, Hey,
you're going to need to shut down between noon and three.
The logical answer is you're going to be the one
shutting down right between noon and three.
Speaker 2 (24:41):
Well, that's what I'm saying. You are still going to
be paying more and your product may not even be
the same. In regards to food. You were saying, you know,
it's still the same food, but the price keeps going up.
In regards to your utilities, Yeah, the price is going up.
You don't know if the service is going to be
the same sham is that it may not be.
Speaker 1 (25:02):
Let me explain how this all works to and how
because this is not a data center, but it's a
warehouse and it's very Our government is very sneaky and
they prey on people being stupid and uninformed. So there
was this big what No, No, let's take a break. I
want to do this because this is important and I
need time to get into it. Because they did an
old sneak athon out in warehouse Burg, where I live,
(25:25):
and this will be a great example of how they
try to convince you that something great is going on
when in reality, you, the taxpayer, are just a giant
corporate subsidy. So can we do that when we come back.
Speaker 2 (25:36):
Yep, you're listening to Kennel and Casey. It is ninety
three WIBC.
Speaker 1 (25:47):
Okay, So like, let's continue this conversation about how you're
getting screwed as a taxpayer and how your government kind
of manipulates you in the wanting like not realizing what's
going on. It's not only Casey show. I'm rop Casey.
Speaker 2 (26:04):
You're going that theme for today or the theme every day.
Speaker 1 (26:07):
Well, yeah, I mean it's it is. This is our show, right,
and this is why they hate us, because we just
tell you what's going on. So last and look that
we're focused on data centers, right, because they're the new
rallying cry around don't let this happen in your community.
But this has been going on for quite a while
(26:28):
in the sense of these megabuildings and the amount of
stuff that they take to operate, and how we as
a society have sort of been asleep at the switch
based on the corporate subsidies that they are given and
in the end they're really just mostly costing you and
individual tax payer money. So let's talk about last Thursday. Now,
(26:48):
of course, I only have three minutes to speak at
these town council meetings in Brownsburg where I'm at, so
you basically got to pick like one topic, even though
there may be three things you want to talk about.
So we were talking about their proposing spending one hundred
million dollars on the pool, the amphitheater, and the blah
blah blah. Right, So I had to spend my time
talking about that. But there was this super secret thing
where they dubbed it Project Taho. Casey, Oh, and you
(27:10):
didn't really know what Project Tahoe was.
Speaker 2 (27:12):
Are you talking about it as Chevy Taho.
Speaker 1 (27:14):
Yeah, Well that's what a lot of people thought. Maybe
there's something with the Taos. We don't know, right. Taho
is a very popular in Indiana state government. You may
have heard clearly.
Speaker 2 (27:24):
They and very nice vehicle.
Speaker 1 (27:26):
The government appeared to know what was going on, but
the public was kept largely in the dark. And so
they vote on what they call this personal property tax abatement.
And the personal property tax is the stuff that goes
in the building. So there's two types of taxes in India.
There's what they call real property, that's the building itself.
There's a value to the building, and then there's personal property,
(27:48):
the stuff that goes in the in the in the building.
And so they voted on this personal property tax abatement
for this sterious company that only went under the name
of Project Tahoe. Well then it comes out that Project
Tahoe is Harper Collins, the publisher, and they're going to
(28:10):
locate some sort of megabuilding near your favorite lifeless logistics park.
They're off the Ronald Reagan that you so love every
time you come to town.
Speaker 2 (28:19):
I know, the logistics park, and.
Speaker 1 (28:22):
They're also going to build some megabuilding associated with it
that is still in the approval process. But you put
it all together and it came out one of these
news organizations said that the Indian Economic Development Corporation is
what is was intricately involved in this project tah which
(28:42):
is why it got to go under some assumed name,
and that they're giving a bunch to the IEDC Economic
Development Corporation, a bunch of incentives. I can't remember which
organization I read this at that Harper Collins is getting
a bunch of economic development incentives from the Indian Economic
Development Corporation. So think about this you have and of course,
(29:06):
like you got to be Inspectracluseau to figure out what's
going on with the Indian Economic Development Corporation. So it'll
take a while to put it all together, but conceivably
it's millions of real dollars going out from you, a
taxpayer on this deal. You've got the personal property tax
which is now abated, which means ten years before they're
in paying the full freight. Well, by the time the
(29:27):
full freight is in in ten years, the stuff will
be so devalued, because that's how anybody who's ever owned
a business this it's called depreciation. They'll be paying a
fraction of what it was ever the value of the stuff.
Oh and then the building gets a ten year abatement,
so it takes ten years for them to pay the
full freight on the tax of the debatements. So you
(29:48):
have incentive from the IDC, You have incent it from
the town of Brownsborg on the personal property tax, you
have incentive from the town of Brownsborg on the building.
So you have millions upon millions of dollars in corporate
welfare and corporate subsidies for this building that who knows
what it will exactly look like and what it's going
to be in ten years, And you didn't get to
(30:08):
know about it in the public until it was a
fat ac complete. It was all already done.
Speaker 2 (30:11):
And again, a company like Harper Collins, do they need
the help of the IDC.
Speaker 1 (30:17):
Well, that's that's the question, because then now what does
it cost to do Harper Collins? Because they keep talking
about oh, these jobs and this, and then look, jobs
mean nothing unless the people live in your community. If
some guy lives in Indianapolis, but works in Brownsburg. I
means literally nothing. There's no value to that because the
way they get taxed, it goes to Marion County or
(30:39):
Boone County or whatever. So unless you're telling me, and
this is the other side of it, well, we don't
have enough houses for all these people. We've got to
build another high density housing development. Put everybody in the place.
Unless you're doing that, Oh, we created four hundred jobs,
well a four hundred for what these jobs pay. A
four hundred person housing development would be disastrous for the
(31:00):
community in terms of a loss. So you're better off
just letting these people go live somewhere else, I mean less.
You're going to hire people who already living here. So
all that money, oh, these jobs, the jobs mean nothing.
The income tax goes to the place of residency, not
of the place where you're earning the money. So like
I'm taxed on Hendricks County even though I work in
(31:20):
Marion County. So you think about all of this. They
do this huge sales job, do you have, Oh my gosh,
Harper Collins is coming to Brownsburg and they're building this
massive building in a bab bah bubbah. But when you
start factoring in the IDC incentives once we figure out
whatever those are, when you start factoring the fact that
all this property in there is abated, and when you
have depreciation in ten years from now, when that abatement
(31:42):
runs out, they'll pay a fraction of what it should be,
and the building itself will be abated for ten years.
And the jobs don't really mean anything unless you're gonna
bid another high density housing development to house all these people.
You have this thing that looks great for the politicians.
It looks cool in a press release, but when you
get down to the actual and both own and by
the way, I think this thing is going to be
in a tax increment finance district, which means all the
(32:04):
money will stay in the area, won't actually go back
to the entities itself if I'm looking on a map
correctly on where it's going to go. So what you
have is something that's going to probably end up actually
costing you money because they're going to use a lot
of water, they're gonna need sewer service, they're gonna need electricity,
all of these things that you will indirectly end up
(32:25):
pay for and subsidizing, plus all the incentives they're going
to get it's a hell of a deal for the business.
And Indiana does a phenomenal job at corporate stuff, like
we're great at corporate taxes, corporate giveaways, corporate subsidies, like
we're awesome at all of that. You know what we
suck at helping the actual tax payers, the people, the residents.
(32:47):
We are the ones who keep getting screwed. We are
the ones who keep subsidizing these giant mega corporations to
have a better and more profitable existence.
Speaker 2 (32:54):
HarperCollins not a publicly traded company. It's a sub subsidiary
of news Core. And you can imagine how much their
market cap is. Take a guess, ooh news Corp.
Speaker 1 (33:06):
Boy howdy, I will say what's prices?
Speaker 2 (33:09):
Right?
Speaker 1 (33:09):
Rules that go over? I lose news Corp. The market cap?
I will say fifty billion.
Speaker 2 (33:14):
You're a little high.
Speaker 1 (33:15):
But high, I'd be out of the game.
Speaker 3 (33:16):
What is it?
Speaker 2 (33:17):
It is in the billions? Seventeen billis Oh, I'm way high.
Speaker 1 (33:19):
I'm not even close. Yeah, I wouldn't have got to
participate in that.
Speaker 2 (33:22):
But ten increase over last year? Okuess, but this is
a company that they need a tax abatement.
Speaker 1 (33:27):
Right right? Well exactly, But and I'm not even against
tax abatements, But what I'm against is some sort of
collective bull crab that by the time you put it
all together, especially in the world in which we're living now,
where you have all of these things on the horizon
or every year utility rates or skyrocketing. I'm talking for
most people across the board, water, sewer, electric gas, all
(33:51):
of these things. You have to factor that in as
part of the subsidy because they're going to be using
all of these things, and if you're paying more in
that area so that they can exist, then that is
a corporate subsidy that is taking place.
Speaker 2 (34:02):
So we need some transparency and rate setting, some accountability
for the spending, and also maybe some consumer first policy making.
Speaker 1 (34:12):
But you know what really makes me mad, Casey, is
they hide behind these code names Project Tahoe, Like they
already voted on this abatement. Now there's a public hearing Thursday,
so I'm won't go speak at that and I'll be
ignored in the order in which I'm received. But that's
that's rotten. That's rotten that the public doesn't get to
know and you're voting on stuff with code names.
Speaker 2 (34:31):
How about Project taxpayer project Hoosier Okacy, let's do that.
It is kind of and Casey, it's ninety three WIBC
Casey, I have a breaking news for you. Oh yeah,
what what's going on? I'm going to start this award
winning program on a Monday with breaking news. Groceries are
really expensive.
Speaker 2 (00:11):
I don't know if you're breaking that news to anybody
right now.
Speaker 1 (00:14):
So Sunday yesterday afternoon. By the way, what a horrible
idea to go on a Sunday afternoon. Used to be
you say, I'm going to go on a Sunday afternoon
to the grocery store because the crowds will be thin thin,
and it'll be fine and it'll be a quicker experience.
That is true. However, there's nothing left in the store.
Speaker 2 (00:32):
Oh everybody went on Saturday.
Speaker 1 (00:34):
Well, but it used to be that way. There's clearly
still issues with supply. It's not like this was some
super holiday weekend. It's not like it's fourth of July.
I would I would, I would understand that. But like
this happens quite a bit where if you go to
the store in the evening, especially on a weekend, you
have like they're just empty sections, like and it's bizarro
(00:57):
stuff too. Like Livy loves the bob Evans mac and cheese,
so I always try to get one of the family
size Bob Evans mac and cheese. I can split them up.
We're in the phase of using the fork now, which
is a wild and wacky adventure, and so I can, like,
you know, I can get four or five meals for
her out of one of those family size mac and cheese.
(01:17):
There are two sections of it. One sector is completely gone.
There's another section where they're kind hidden where they were
up near the deli. But there are a whole bunch
of things that were just gone or limited, very limited
in supply, or there was nothing good. So that's one
side of it. I got six bags of groceries, like
six little Walmart bags of groceries. No steak, no meat
(01:39):
like a lunch meat. But that's the it's not even
the good kind, right, it's the kind of probably you
inter some sort of you know, observational facility after you
eat it. But like six bags of groceries, I'm like
five or six years ago to cost me about fifty
bucks ninety dollars.
Speaker 2 (01:59):
Yeah, the cost of everything so high. So Jim, he
loves the chocolate.
Speaker 1 (02:05):
Jim is your husband.
Speaker 2 (02:05):
Yeah, he likes the chocolate. Intimate's doughnuts. Yeah, yeah, kind
of like snap. I was reading the label on those recently,
and I was like, there's really no food in this
at all. But he found out that there's an Intimate's
wholesaler in Indianapolis.
Speaker 1 (02:21):
Uh huh.
Speaker 2 (02:21):
And he's like, oh, I'm gonna have to drive to
the north side of town because there are a dollar
a box there versus what they are at the grocery store. Now,
I don't know if any of that is true. He hasn't,
you know, gone through with it yet, but that's where
we're at. You're going to look for the wholesalers at
this point.
Speaker 1 (02:38):
Well, so I was like, I was thinking about this
as I'm watching the things scale up every single time,
and I think most of our audience knows by now.
I am a very observant shopper, like I will get
the off brand wherever possible, I price point, like, I
try to do all the things right. And I'm watching
this thing go up and then there's the total and
(03:01):
then you have the sticker shock. But then you're also
I'm like, Okay, I can my family, I my wife works,
we can afford this.
Speaker 2 (03:11):
So you weren't putting anything back.
Speaker 1 (03:13):
No, I don't get as much as I used to
but I'm thinking, Okay, we can afford to pay this.
It's just money going out the door. But there's a
lot of people who can't, who can't do this, Like
where does this end? And it's a big reason why.
(03:34):
So I was going through the like I have a routine, right,
and I was just gonna get the same stuff, and
I'm like, I'd like to mix it up a little
bit this time. And mixing it up costs me probably
like twenty dollars. Yeah, that sucks, right, because I want
to do something a little different this time. I'd like
to get some new food in the house. Oh twenty
dollars extra, just to just have something different. Again, we're
(03:55):
talking all the frozen stuff that's probably rotting my insights.
We're not talking.
Speaker 2 (03:58):
About to the top of the at Hey stuff.
Speaker 1 (04:01):
The top of the line stuff here, and so you're
looking at this. This is why.
Speaker 2 (04:05):
It's so.
Speaker 1 (04:07):
Maddening to me that all of this time is being
wasted on things like redistricting, when neither the Republican nor
Democrat party is doing anything to help you at the
grocery store.
Speaker 2 (04:17):
No nothing.
Speaker 1 (04:18):
They're not doing anything to help you on the price
of anything, and yet they won't. They won't spend any
time on that. But they will go to the ends
of the earth. They will move heaven and earth to
pick up one more seat for themselves and their party
in the in the Congress.
Speaker 2 (04:31):
Right, no special session to address the property tax issue. No,
but possibly a special session to keep them in power.
Speaker 1 (04:39):
Yeah, and so my question to the politicians would be like,
where does this end? I mean, groceries continue to rise
in price. And it's also the maddening thing about well,
inflation is under control. Well, no, it's not. Because the
rising price, even though it's not rising as much or
(05:00):
it's gone back to more traditional levels of price increase,
all the price increases in the past four or five
years are a fact is a part of that. So
by the rising price, you're not undoing what you did before. Okay,
So they've stopped elevating you know, these historic levels. Okay,
But the historic level, the historic increase, is now a
(05:23):
part of the new everyday price. It's not like things
have gone backwards in price and wages have not kept up. No,
with the with the with the price increases of the
core stuff.
Speaker 2 (05:36):
The thing that really drives me crazy at the grocery
store are some of the other items, the non edible
stuff like deodorant seven ninety nine for the deodorant.
Speaker 1 (05:47):
For one, Yeah, no it's women deodorant.
Speaker 2 (05:49):
More well, I don't know, I haven't priced out men's deodorant. Yeah,
but like toothpaste, these are yes, so ridiculous. The cost
of some of these things. Yeah, and you said you Costco.
How about that? Is that an option?
Speaker 1 (06:05):
The problem I have with the Costco. Now, they're fine
for the diapers, the wipes, all that sort of stuff.
The problem I have with the Costco is I don't
have any room to put the stuff.
Speaker 2 (06:15):
Yeah, you need some storage for right, like that bulky stuff.
Speaker 1 (06:19):
I live a very uh while this this life appears
both sexy and groovy at the same time, I live
a very middle class existence. And my house yeah when
the factor in uh, there's three people living in there
and it's got uh what's it got? Three very uh
(06:40):
small bedrooms? Like it's like, I don't just don't have
you know, you can do it for the paper towels,
you do it for the toilet paper. I usually go
at the bending of the year. That'll last me for
the year. Okay, great, And the diapers and the wipes
and whatever. But I can't be buying bulk of meat
like it can't be buying like I have a you've
seen my house. I have a little pantry. I don't
have room for all of this stuff you need.
Speaker 2 (07:04):
Like a meat freezer you can put in the garage.
Speaker 1 (07:06):
Well, how much does that cost? Right?
Speaker 2 (07:09):
How long would it pay for itself?
Speaker 1 (07:11):
But the point of all this is it's not stopping.
You are being priced out of existence and your lawmakers,
and look, we can bring it back. We can bring
it back here to a state level. Look at what's
going on with energy prices.
Speaker 2 (07:26):
That's going to be the new property tax. It is
Nikki Kell energy prices.
Speaker 1 (07:31):
And we'll get into this with her on Thursday when
she joins US, had a fascinating opinion piece in the
Capitol Chronicle. Her opinion piece about why all of this
is happening, and she really, she really nailed what's going
on with this. And I know our old Paladi reporter
talks about this a lot. These SMRs, the lawmakers try
to act like there's some magic bullet, these small modular
(07:55):
reacts to the nuclear stuff. This nuclear stub hasn't worked.
These SMRs hasn't worked anywhere yet that I'm there's no
place where you can point to go. Look at this
entire city. You know, it doesn't it hasn't worked. You're
decades off if it ever does work. And yet you're
gonna pay for it the entire time because they're giving
away the farm to these mega buildings. And all right,
(08:17):
so anyway, I just I wanted to I didn't know
if you knew.
Speaker 2 (08:21):
The grocery price. Yes, I was aware of that.
Speaker 1 (08:25):
Okay, well, very good, I've I've then I was just
a waste of your time. I'm sorry.
Speaker 2 (08:29):
No, I just want to make sure you were fully
demiserating together on a Monday.
Speaker 1 (08:32):
Yeah. Well, and the other part of this is, and
I gotta get too break. What if someone loses a job,
right like in a in a let's say you're a
family of four.
Speaker 2 (08:40):
That's why these they say people are job hugging now
instead of job hopping. Yeah, that's the whole thing we'll
get into, Okay, all right.
Speaker 1 (08:48):
When we come back, I have a question. And an
event happened over the weekend. There was a record price
paid for something, and there's a story behind it. And I,
my wife and I had a long conversation about this,
about whether the person who is sort of the middleman
in all of this should be kicking himself, should be yes,
(09:09):
should be pleased, satisfied, have gratitude, or whether that person
should be sprinting to the tallest building imaginable.
Speaker 2 (09:20):
Okay, you're listening to Kendall and Casey. It is ninety
three WIBC.
Speaker 3 (09:32):
Yeah, we have to talk about a guy's situation and
how he should respond should be responding to it, because
my wife and I had a spirited debate on this.
Speaker 1 (09:43):
We feel totally opposite about this. Before we do that, though,
It is a big day for me. Yeah, it is
the fiftieth anniversary of Born to Run.
Speaker 2 (09:52):
It is today, so happy birthday, happy anniversary, Happy celebration day.
I mean it should be a national hall. Right, banks
are closed, stock market is not trading.
Speaker 1 (10:04):
Born to Run most people wear this program. I am
a sizeable Bruce Springsteen fan, and Born to Run was
his sort of breakthrough album. He went from being this
guy who was sort of talked about as this unbelievable
live performer who had had basically no success selling albums,
and then he does this in nineteen seventy five, incredible
(10:27):
album which sort of became the sort of the blueprint
for what would become an incredible career. And it's an
album that changed my life and inspired me. And so today,
in honor of the fiftieth anniversary of Born to Run
with keV, will be my strowing all of our intros
with the eight fabulous tracks off of Born to Run.
(10:48):
And then I'll do a little Mellencamp to steal another
guy a little diddy later about that and how it
impacted me. And we have a new piece out.
Speaker 2 (10:55):
Yeah, there's an article right now WIBC dot com Rob
Kendall list his top ten favorite Bruce Springsteen album.
Speaker 1 (11:03):
I don't write very much anymore, but matt our boss said, Hey,
would you mind writing a little thing about what Born
to Run meant for you? Look, if you enjoy this
radio program each day, a big part of what you
hear is inspired a little bit by that. And so anyway,
if you'd like to read that, all the words are
incomplete sentences, proper punctuation, grammar, in the proper tenses. I
(11:27):
believe I have it pinned up at Robin Kendall on
Twitter if you'd like to do that, all right, So, okay,
so there was a record price paid for a sports card.
Over the weekend.
Speaker 2 (11:42):
There was was a Michael Jordan and Kobe Bryant basketball card.
Speaker 1 (11:45):
It's right they call it a dual Logo Man card.
So for what they they started doing this in the
two thousands is Jerry West was a famous basketball player
and his silhouette is the logo of the NBA. So
you see it on the court, see it on the jerseys.
It's become known as Logo Man. Jerry West is Logo Man.
(12:09):
And in the mid two thousands, these sports card companies
started taking they call them jersey cards, where they take
a piece of a game worn jersey and they insert
it in a piece of cardboard, and people pay exorbitate
prices for these things. They started making these logoman cards,
which were very rare, where they would take the logo
off of a jersey worn by a player put it
on a card. And this this two thousand and four,
(12:33):
two thousand and five exquisite Michael Jordan Kobe Bryant dual
Logoman autographed cards. So both of their signatures are on
this card, and both of their Logo Man patches are
on this card. It's sold casey are you ready for
this for twelve point nine three to two million dollars.
Speaker 2 (12:51):
Yeah. So it's sold at Heritage Auctions over the weekend,
part of the summer Platinum Night Sports sale. Twelve point
nine million dollars for a basketball card.
Speaker 1 (13:02):
Now, it came out that what mister wonderful is one
of the guys who bought this card.
Speaker 2 (13:06):
Yeah, Kevin O'Leary actually bought this along with two other people,
and he said, this is the type of thing that
you accrue part of your portfolio. He likens it to
like a Jackson Pollock painting or warhaw. She says, it's
a very thin market, but it's an alternative asset class
(13:28):
and he's all in. Clearly he's all in if he's
willing to fork over twelve point nine million dollars for it.
Speaker 1 (13:35):
Okay, So here is the interesting part of this story.
So Fanatics, which is a sports collector group they sell things,
et cetera, they had a post about this card and
in twenty thirteen, this is how much the sports memorabilia
market has gotten wacky. A guy bought this card in
twenty thirteen, so twelve years ago for twenty five thousand dollars. Yeah,
(13:59):
and they found the guy who bought the card. Now,
it turns out he had numerous offers to sell this card.
He refused to sell it, and then finally two years
later he relented and sold the card for one hundred
and seventy thousand dollars. So he bought it in twenty
thirteen for twenty five thousand. Yeah, he sold it for
(14:19):
one hundred and seventy thousand dollars.
Speaker 2 (14:21):
He made a hundred fifty thousand.
Speaker 1 (14:22):
Yeah, he made hundred fifty thousand dollars. However, so then
the guy whoever owned it bought it from him owned
it until this sale. So whoever owned bought it from
this guy bought it for one hundred and seventy thousand,
sold it for twelve point nine million. Right, So my
question is, if you're the dude who originally had it
and sold it for one hundred and seventy thousand and
(14:43):
made one hundred fifty thousand, would you be sick to
your stomach or would you be like, Hey, nobody can
predict the future. I made one hundred and fifty thousand.
I had ten years to do stuff with one hundred
and fifty thousand dollars. All's fair in love, war and
buying and selling, trading sports. Since where are you at
with this?
Speaker 2 (15:01):
I have some mixed emotions about this, because, as you know,
the dude is in sports memberabilia and collectibles, and I
have at one point advised him to sell a magazine
which has turned around and sold again, yeah, for more
than what he originally is.
Speaker 1 (15:21):
Like when you tell Jim, oh, gosh, when you tell
Jim to sell stuff, and do you say, get that
thing out of my house? You have too many of these?
Speaker 2 (15:28):
No, it's more like the point is to sell, not buy.
Quit buying stuff, start selling stuff.
Speaker 1 (15:35):
I don't think he understands that the point is to
sell and not buy things. I think that's well.
Speaker 2 (15:39):
I think he does. There are some pieces that he has.
They are to have and to hold, oh, because he's
holding them in hopes that one day, yeah, they will
turn into a twelve million dollars item.
Speaker 1 (15:53):
The first time I ever met, by the way, the
first time I ever met your husband, Like, I walked
into your house and it was like, huh, you got
trouble letting go of things?
Speaker 2 (16:05):
You may can stilly go horder.
Speaker 1 (16:07):
Well, he is in the collectors sense, right, in the
memorabilia sense, that is busy exactly right, right, right right.
So okay, So my wife said she wouldn't feel bad
at all because the guy. She's like, the guy made
one hundred and fifty thousand dollars. He's a dealer, he's
in the business of making money, which is basically the
(16:28):
flipping business. And he made one hundred and fifty thousand
dollars in two years for doing nothing, and he had
all that time. She's like, I wouldn't feel bad about
that at all. Now me, you know, I can't let anything.
Speaker 2 (16:39):
Go kicking yourself.
Speaker 1 (16:40):
I hold the grudges, and I beat myself up over things,
and you know, the OCD and all this stuff. Like
I would be I would be heading to the top
of the seventh floor of the Imus building and then
pulling a less nessman saying I.
Speaker 2 (16:54):
Had a twelve million dollar card, I let it go.
Speaker 1 (16:57):
I see both sides of this, I do. I do
like I see where on one end you would say, Okay,
if you did something smart with that money, you would
have probably made a bunch more money buying more cards,
selling more cards. But then also I'm like, oh, man,
I had something worth thirteen million dollars. All that keep
it up, just hold it, you know whatever.
Speaker 2 (17:14):
Right, So you make decisions based on the information you
have at the time. Right, did this guy have any
faith that that card was a twelve million dollar card?
Clearly not enough to hold on to it? Right? What
did he do with the one hundred and fifty thousand
dollars that he made?
Speaker 1 (17:32):
Yeah?
Speaker 2 (17:33):
Did he reinvest it back into his company? Did he
you know, spend it on groceries? Like? What did he
do with that money? And if he used that money
to go buy other cards in hopes that maybe one
day those cards will be worth money. Yeah, well that's
a loss because he had the Holy Grail?
Speaker 1 (17:53):
Yeah, keV, where would what would you would you be
with me? Casey seems okay with this. You use seem
like you were I've.
Speaker 2 (18:01):
Been through it. Yeah, there's nothing you can do about it, right, Oh,
you know, would you be like Casey where you're like, well,
you know, I made some money and it's fine and
all's well, and or would you be like me and.
Speaker 1 (18:12):
You're like you dumb son of a and just and
just spend your days pounding your head against very sharp
metal objects.
Speaker 2 (18:20):
I feel like if I got a good chunk of money,
I'd just be happy with that, right, just be grateful
you had that.
Speaker 1 (18:25):
All right, y'all are out in space, Jared. I bet
Jared Lewis would have a measured approach. Jared Lewis with
the news. Where would you be if someone handed you
one hundred and fifty thousand dollars? But you know, ten
years later, if you had just held on to the thing,
it could have been worth thirteen million dollars. I'm sorry
I missed out on the initial. Well, you're of no
help to anyone. Jerry Lewis is next with the news.
Speaker 2 (18:42):
It's ninety three WYBC.
Speaker 1 (18:45):
It's just almost said it school to Search Forest Groomy
seem like the whole true story toom when we went
to the hospital to have Libby. Yeah, this was the
song that was playing on the.
Speaker 2 (19:04):
Trip tenth Avenue Freezer. That's right, second songs on the album.
Speaker 1 (19:10):
Yes, it's the fiftieth anniversary of Born to Run. So
we've decided today because well it's half my show since that's,
you know, the album that kind of inspired me that
we would have a birthday celebration today.
Speaker 2 (19:20):
Yeah, it's an origin story album for you. I'm curious
when you were on your way to the hospital. Did
you do that intentionally or was that magic?
Speaker 1 (19:27):
No? I think that was God saying it's time to go.
It's roll and I'm going to keep you here for
twenty four hours before this kid's going to come out.
So you better enjoy the music because the hospital is
going to be hell this.
Speaker 2 (19:38):
She had a nice song on the way.
Speaker 1 (19:40):
Okay, So Kennell Casey show and Rob that's Casey. Interesting
thing that. Well, look, it's popping up all over the
place now and people are finally starting to notice that
the utility was the power bills in this state are
totally out of control, Like you're seeing skyrocketing twenty plus
percent in some cases year over year etric bills. And
(20:02):
I saw somebody say this, and I know you touched
on it earlier in the program. It's fined and great
and everybody should be totally focused on the property tax thing,
but these utility bills are becoming as big or a
bigger menace. When you think about if you're having to
add twenty or thirty dollars a month, year over year
to your property to your utility bill, well, that's somewhere
(20:25):
between two hundred and fifty and four hundred dollars a year.
That is the new property tax thing. Yeah, and it's
part of the broader conversation of what we kind of
opened the program with is you're getting priced out of living,
like when the groceries are up twenty or thirty percent,
when your property tax are up twenty to thirty percent,
when your utility bills are up twenty to thirty percent,
(20:47):
and all of these things you're getting nothing new for them.
You're not gettingything better, You're not getting anything improved. The
lights are still on in the house, the government is
still operating as it always did. Now there's more of it.
It's doing bright shiny objects, but it's not getting better.
And in the case of food, you're still now you're
buying less stuff, but the food is still the same
like like you just it's it's an unsustainable keeping that
(21:10):
same quality of life.
Speaker 2 (21:11):
Well, I would argue that when it comes to your
energy costs, it may be worse because the prices are
surging and with these data centers popping up, one of them,
I believe made an agreement. We talked about it how
they made an agreement with Google saying that you know
when they're probably when the energy is surging, they'll they'll
(21:33):
power down. So who's to say that when you go
to flip the light on that it will be there.
Speaker 1 (21:39):
Well, that's where you're headed. And that's what people need
to realize is it's not even a cost. I mean,
the cost is a massive deal, but there is no
I mean they are selling you pie in the sky
bill of goods on these SMRs right now. The General
Assembly and rotten, rotten, miserable people like Ed Soliday State Representative.
(22:01):
Who is the guy who's trying to like strong arm
that mayor have portage or we're speaking out. I mean,
our state legislature is led by some really rotten, disgusting,
underhanded people, and they are leading you to believe because
of the enhancement of their own existence that is taking place.
The Endi Star laid out how much money the power
(22:23):
industry is putting into these politicians. Obvious, yeah, that they've
found some silver bullet that is going to help fix
all this, that you can have all these megabuildings and
that it won't harm you. It's just it's the same
argument that they tried to make during COVID, where Holcom
led you to believe that he could shut the state
(22:44):
down and you wouldn't feel any long term ramification of that.
Of course we've seen that now, look at the disaster,
this medicaid, look at all these businesses that didn't reopen,
Look at the changing landscape of our society, what has
come in in its place. Everything got altered because they
led you to believe that you could shut society down
and there wouldn't be any ramifications for it. It's the same
(23:04):
thing happening here where you cannot put all of these
new megabuildings that require all this power, these data centers
into existence and think that there's not going to be
ramifications of your daily how you live because there's not
enough power for everybody.
Speaker 2 (23:22):
Yeah, they consume enormous power. They also offer minimal job creation.
Plus they have these really long tax abatements as well.
These utility companies are spending millions on campaign donations and lobbying,
which is influencing the policymaking. And you've got to consider
the fact now that your utility cost this is going
(23:45):
to be a more urgent crisis than the property tax debate.
Speaker 1 (23:50):
Yeah it is. And so who was this right side?
Mike right side? Underscore? Mic is what this guy goes
by on Twitter is Mike Thompson is his name, And
nobody's refuted this and said, oh, this is totally out
in left field. This seems pretty accurate based on what
we've seen publicly put out. There are forty There are
more than forty data centers proposed to come to the
(24:10):
state of Indiana in the whatever to be, you know,
maybe ten fifteen years, But there are more than forty
of these things. And the massive amount I mean you
are talking about some of these data centers that on
their own require more power than the entire community in
which they live, in which they're housed. You cannot do that.
There's not enough of this. So the logical answer is
(24:32):
there's no way that they're going to tell Google, Hey,
you're going to need to shut down between noon and three.
The logical answer is you're going to be the one
shutting down right between noon and three.
Speaker 2 (24:41):
Well, that's what I'm saying. You are still going to
be paying more and your product may not even be
the same. In regards to food. You were saying, you know,
it's still the same food, but the price keeps going up.
In regards to your utilities, Yeah, the price is going up.
You don't know if the service is going to be
the same sham is that it may not be.
Speaker 1 (25:02):
Let me explain how this all works to and how
because this is not a data center, but it's a
warehouse and it's very Our government is very sneaky and
they prey on people being stupid and uninformed. So there
was this big what No, No, let's take a break. I
want to do this because this is important and I
need time to get into it. Because they did an
old sneak athon out in warehouse Burg, where I live,
(25:25):
and this will be a great example of how they
try to convince you that something great is going on
when in reality, you, the taxpayer, are just a giant
corporate subsidy. So can we do that when we come back.
Speaker 2 (25:36):
Yep, you're listening to Kennel and Casey. It is ninety
three WIBC.
Speaker 1 (25:47):
Okay, So like, let's continue this conversation about how you're
getting screwed as a taxpayer and how your government kind
of manipulates you in the wanting like not realizing what's
going on. It's not only Casey show. I'm rop Casey.
Speaker 2 (26:04):
You're going that theme for today or the theme every day.
Speaker 1 (26:07):
Well, yeah, I mean it's it is. This is our show, right,
and this is why they hate us, because we just
tell you what's going on. So last and look that
we're focused on data centers, right, because they're the new
rallying cry around don't let this happen in your community.
But this has been going on for quite a while
(26:28):
in the sense of these megabuildings and the amount of
stuff that they take to operate, and how we as
a society have sort of been asleep at the switch
based on the corporate subsidies that they are given and
in the end they're really just mostly costing you and
individual tax payer money. So let's talk about last Thursday. Now,
(26:48):
of course, I only have three minutes to speak at
these town council meetings in Brownsburg where I'm at, so
you basically got to pick like one topic, even though
there may be three things you want to talk about.
So we were talking about their proposing spending one hundred
million dollars on the pool, the amphitheater, and the blah
blah blah. Right, So I had to spend my time
talking about that. But there was this super secret thing
where they dubbed it Project Taho. Casey, Oh, and you
(27:10):
didn't really know what Project Tahoe was.
Speaker 2 (27:12):
Are you talking about it as Chevy Taho.
Speaker 1 (27:14):
Yeah, Well that's what a lot of people thought. Maybe
there's something with the Taos. We don't know, right. Taho
is a very popular in Indiana state government. You may
have heard clearly.
Speaker 2 (27:24):
They and very nice vehicle.
Speaker 1 (27:26):
The government appeared to know what was going on, but
the public was kept largely in the dark. And so
they vote on what they call this personal property tax abatement.
And the personal property tax is the stuff that goes
in the building. So there's two types of taxes in India.
There's what they call real property, that's the building itself.
There's a value to the building, and then there's personal property,
(27:48):
the stuff that goes in the in the in the building.
And so they voted on this personal property tax abatement
for this sterious company that only went under the name
of Project Tahoe. Well then it comes out that Project
Tahoe is Harper Collins, the publisher, and they're going to
(28:10):
locate some sort of megabuilding near your favorite lifeless logistics park.
They're off the Ronald Reagan that you so love every
time you come to town.
Speaker 2 (28:19):
I know, the logistics park, and.
Speaker 1 (28:22):
They're also going to build some megabuilding associated with it
that is still in the approval process. But you put
it all together and it came out one of these
news organizations said that the Indian Economic Development Corporation is
what is was intricately involved in this project tah which
(28:42):
is why it got to go under some assumed name,
and that they're giving a bunch to the IEDC Economic
Development Corporation, a bunch of incentives. I can't remember which
organization I read this at that Harper Collins is getting
a bunch of economic development incentives from the Indian Economic
Development Corporation. So think about this you have and of course,
(29:06):
like you got to be Inspectracluseau to figure out what's
going on with the Indian Economic Development Corporation. So it'll
take a while to put it all together, but conceivably
it's millions of real dollars going out from you, a
taxpayer on this deal. You've got the personal property tax
which is now abated, which means ten years before they're
in paying the full freight. Well, by the time the
(29:27):
full freight is in in ten years, the stuff will
be so devalued, because that's how anybody who's ever owned
a business this it's called depreciation. They'll be paying a
fraction of what it was ever the value of the stuff.
Oh and then the building gets a ten year abatement,
so it takes ten years for them to pay the
full freight on the tax of the debatements. So you
(29:48):
have incentive from the IDC, You have incent it from
the town of Brownsborg on the personal property tax, you
have incentive from the town of Brownsborg on the building.
So you have millions upon millions of dollars in corporate
welfare and corporate subsidies for this building that who knows
what it will exactly look like and what it's going
to be in ten years, And you didn't get to
(30:08):
know about it in the public until it was a
fat ac complete. It was all already done.
Speaker 2 (30:11):
And again, a company like Harper Collins, do they need
the help of the IDC.
Speaker 1 (30:17):
Well, that's that's the question, because then now what does
it cost to do Harper Collins? Because they keep talking
about oh, these jobs and this, and then look, jobs
mean nothing unless the people live in your community. If
some guy lives in Indianapolis, but works in Brownsburg. I
means literally nothing. There's no value to that because the
way they get taxed, it goes to Marion County or
(30:39):
Boone County or whatever. So unless you're telling me, and
this is the other side of it, well, we don't
have enough houses for all these people. We've got to
build another high density housing development. Put everybody in the place.
Unless you're doing that, Oh, we created four hundred jobs,
well a four hundred for what these jobs pay. A
four hundred person housing development would be disastrous for the
(31:00):
community in terms of a loss. So you're better off
just letting these people go live somewhere else, I mean less.
You're going to hire people who already living here. So
all that money, oh, these jobs, the jobs mean nothing.
The income tax goes to the place of residency, not
of the place where you're earning the money. So like
I'm taxed on Hendricks County even though I work in
(31:20):
Marion County. So you think about all of this. They
do this huge sales job, do you have, Oh my gosh,
Harper Collins is coming to Brownsburg and they're building this
massive building in a bab bah bubbah. But when you
start factoring in the IDC incentives once we figure out
whatever those are, when you start factoring the fact that
all this property in there is abated, and when you
have depreciation in ten years from now, when that abatement
(31:42):
runs out, they'll pay a fraction of what it should be,
and the building itself will be abated for ten years.
And the jobs don't really mean anything unless you're gonna
bid another high density housing development to house all these people.
You have this thing that looks great for the politicians.
It looks cool in a press release, but when you
get down to the actual and both own and by
the way, I think this thing is going to be
in a tax increment finance district, which means all the
(32:04):
money will stay in the area, won't actually go back
to the entities itself if I'm looking on a map
correctly on where it's going to go. So what you
have is something that's going to probably end up actually
costing you money because they're going to use a lot
of water, they're gonna need sewer service, they're gonna need electricity,
all of these things that you will indirectly end up
(32:25):
pay for and subsidizing, plus all the incentives they're going
to get it's a hell of a deal for the business.
And Indiana does a phenomenal job at corporate stuff, like
we're great at corporate taxes, corporate giveaways, corporate subsidies, like
we're awesome at all of that. You know what we
suck at helping the actual tax payers, the people, the residents.
(32:47):
We are the ones who keep getting screwed. We are
the ones who keep subsidizing these giant mega corporations to
have a better and more profitable existence.
Speaker 2 (32:54):
HarperCollins not a publicly traded company. It's a sub subsidiary
of news Core. And you can imagine how much their
market cap is. Take a guess, ooh news Corp.
Speaker 1 (33:06):
Boy howdy, I will say what's prices?
Speaker 2 (33:09):
Right?
Speaker 1 (33:09):
Rules that go over? I lose news Corp. The market cap?
I will say fifty billion.
Speaker 2 (33:14):
You're a little high.
Speaker 1 (33:15):
But high, I'd be out of the game.
Speaker 3 (33:16):
What is it?
Speaker 2 (33:17):
It is in the billions? Seventeen billis Oh, I'm way high.
Speaker 1 (33:19):
I'm not even close. Yeah, I wouldn't have got to
participate in that.
Speaker 2 (33:22):
But ten increase over last year? Okuess, but this is
a company that they need a tax abatement.
Speaker 1 (33:27):
Right right? Well exactly, But and I'm not even against
tax abatements, But what I'm against is some sort of
collective bull crab that by the time you put it
all together, especially in the world in which we're living now,
where you have all of these things on the horizon
or every year utility rates or skyrocketing. I'm talking for
most people across the board, water, sewer, electric gas, all
(33:51):
of these things. You have to factor that in as
part of the subsidy because they're going to be using
all of these things, and if you're paying more in
that area so that they can exist, then that is
a corporate subsidy that is taking place.
Speaker 2 (34:02):
So we need some transparency and rate setting, some accountability
for the spending, and also maybe some consumer first policy making.
Speaker 1 (34:12):
But you know what really makes me mad, Casey, is
they hide behind these code names Project Tahoe, Like they
already voted on this abatement. Now there's a public hearing Thursday,
so I'm won't go speak at that and I'll be
ignored in the order in which I'm received. But that's
that's rotten. That's rotten that the public doesn't get to
know and you're voting on stuff with code names.
Speaker 2 (34:31):
How about Project taxpayer project Hoosier Okacy, let's do that.
It is kind of and Casey, it's ninety three WIBC
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