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Broad Foundation founder Eli Broad weighs in on California's economy and his new book.
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-- market is still a big drag on the economic recovery but maybe some of the top business minds this country can come up with a solution they are gathered together in Beverly -- for the Milken global conference.
And actually fine I'm -- on David -- -- very special guest hey David.
Hi how are -- thanks for.
Turning it over to as we have Eli Broad who just came out with a new book it's called the art.
Of being unreasonable and frankly I've never met anybody more reasonable but there's a reason why he wrote this book we're gonna get to that in a second but.
For the guy who started KB homes and head.
Really did so much for real estate in California you have so much for your life.
State into California how's it doing how was the California California real students from someone better to bottomed out but -- -- -- -- probably.
Got big deficits we've got average revenue one -- noted we've got to become more efficient and got a -- more first schools.
-- how do you fix the schools for example well what.
We've got great teachers but this system is broken.
We've got to get more money classrooms and -- in away from central bureaucracy.
I think we've got to be more supportive of our future.
We've got to have never manage -- -- conference call.
And it started happening brushing her and California's tell.
But one thing that's happening California it's disturbing a lot of people so many young people are leaving this state people from 25 to forty right in the pride the people could form that.
The backbone of an economic recovery that was concerned -- It just insurer.
And I hope that -- around how do you turn it around your turn it around Biden -- California that's what it used to be.
Great education.
-- -- -- -- -- -- more and more and her vision and -- And the -- what about taxes on people say that taxes are so high right now there.
If you're millionaires over 10% but even if you make 50000 a year it's it's in the -- nine percentile.
Doesn't that send people away.
It it's a factor and it's a factor people going about -- number won't do us.
So should tax rates come down I -- -- by the system.
Now we've got some people who didn't -- committee.
And we have a plan for reducing -- captions in the individual and corporate level by body.
After seeing -- you're content and service sector which has no -- whatsoever.
-- -- -- -- It could reduce income taxes and corporate and individual level and the sales to -- all right finally what is unreasonable.
About Eli Broad.
I think unreasonable other people portion where our municipal -- so demand.
And then they wonder how I've accomplished all of these things through business frankly is Google being unreasonable demanding -- to people.
Do not believe can be done.
And making it happened so essentially just it's not that you're not a reasonable -- but demanding things that other people say -- can't be done exactly.
And that's the secret to your success it is it is and I hope I hope people learn from the book.
Much of justice and -- filtered -- -- right Eli Broad wonderful to see you get to where thank you so much for coming and I appreciate it back -- you folks.
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