Just Relax, Abigail Disney

This is how business and government work together. April 22, 2020 [UNSUBSCRIBE]( | [WEBSITE]( [Altucher Confidential] “This is how business and government work together.” [Enable Images To See More] Just Relax, Abigail Disney By James Altucher Why You May Want To FORGET About 5G [Please Enable Images](Before you invest even a nickel in 5G stocks…  Before you bank on the notion that we’re now a much more online economy…  One of America’s most famous technology prophets… a man who’s been called a “true American genius” and “America’s #1 Futurist”…  Is saying right now that you might want to “forget 5G”…  So you can dig in and start piling up a stake in what he calls “15G” instead.  [Find out more about “15G” here, when you follow this link…]( Abigail Disney is screaming about how Disney furloughed 43,000 employees from their parks. Abigail, relax. First off, because of the CARES stimulus package, all of these employees will get $600 added to their unemployment insurance, so they will be making about $1,100 a week. Much more than the average Disney Parks employee makes. The parks will be reopened by the time the 39 weeks (almost 10 months) of unemployment insurance runs out. Secondly, you complained about how much Bob Iger makes. Iger is the chairman of the company, who under his tenure as CEO helped Disney go up 700%, presumably making billions for the Disney family. Bob Iger makes $0 right now since the shutdown began. Third, this is how business and government work together. The government asked businesses to shut down. Do you think Disney, started by your grandfather, wanted to shut down the parks? Instead, the government told Disney to shut down, they complied, and the government is directly compensating those employees through the one–time stimulus checks, plus the unemployment. You can't expect companies to stay in business forever without producing goods and services. If you want to help the millions of employees who benefit from the Disney ecosystem, then just let the government and the guy who increases your wealth 7x do their jobs. The employees will be fine. Once the parks reopen in a month or so (hopefully), they will be rehired. IF THEY WANT TO BE. Or maybe they will change careers or explore other interests while they are making $1,100 a week on unemployment. Don't dictate their lives for them. Fourth, who are you? Your grandfather's first film production business went bankrupt in 1923. He started it in 1920, created some characters, made some ads, and then went bankrupt. He had to fire people and he couldn't pay people back. That sucks. But that's business. He then borrowed from his parents (your great–grandparents), who took a risk on this bankrupt cartoonist and started his new company, Disney, from scratch. And, guess what? His business still sucked. Then the Great Depression started. Horrible. Walt Disney was praying for a miracle. His movies were barely breaking even. And a miracle came around 1935. A man named Kay Kamen took a two–day bus ride across the country to convince Walt Disney that the movies were just a giant focus group for toys. If kids liked a movie, that meant kids would like the merchandise, which would be even more profitable. He convinced Walt to try one thing. An experiment. Put that mouse, that rodent, drawn by Ub Iwerks (the smartest man in the room that Walt had been standing in), on a watch. C'mon, just try it. Walt did it. In 1935 they sold two million watches. Phew! He never looked back. And that's why your family is worth about $10 billion. Maybe more. Who knows? If You Use Apps, a Smartphone or Online Banking… [You’d better read this.]( Because, says world-famous futurist George Gilder, we’re headed for a stunning $16.8 trillion reboot that could impact the way you use every single one of those modern tools. It could also radically transform the way you get paid, the way you save and — maybe most of all — the way you invest for retirement. It’s all in his brand-new presentation — [you’ll find it at this link.]( What you’ll see could change our way of life, the way microchips did. The way the internet did. The way smartphones have. [And, says George, it could make you exceedingly rich — click here to see why.]( It took 15 years of blood, guts, tears, and fears. One bankruptcy. Begging his parents to take a chance. Building a business through the worst part of the Great Depression. And then taking a chance on putting his beloved characters on toothbrushes. Man, 15 years. That's difficult. You try it. Fifth, I get it — you want a wealth tax. People who make $50 million a year maybe should get taxed more. I'm not one to say. But let's be realistic. YOU AREN'T GOING TO BE TAXED. You moved all of your money into trusts, charitable trusts, family trusts, etc. You can't be taxed. You can't be touched. I appreciate that. You did smart things with your money. Billions? Who knows. But you were smart. But, you think, everyone else should be taxed. Why didn't you take some money and help out the furloughed workers? Maybe you did. I hope so. All of this is to say: Walt Disney always stood next to the smartest person in the room. And he walked from room to room: - Animation: Ub Iwerks made Mickey Mouse - Movies: Winsor McCay made a lot of the initial animations for the movies - Business: Roy Disney, his brother, helped him with the business aspects so Walt could focus on the art - Merchandising: Kay Kamen - Bought his first movie: Margaret Winkler had the insight to buy his first movie, "Alice in Wonderland" - Named the little rodent Ub drew: Lillian Bounds - Married him (the most important decision a person in business can make): Lillian Bounds. So just relax. Enjoy the ride. Sincerely, [James Altucher] James Altucher P.S. Are you too late to get in on the 5G revolution? According to this new video from my colleague and America’s #1 futurist George Gilder, you may have missed the boat to make a fortune. However, that doesn’t mean you’re out of luck entirely. Because George just revealed an opportunity he says could be 3x as big. He’s calling it “15G.” [Click this link for more details.]( Are You Ready for the Great Depression of 2020? [Please Enable Images](According to some economists we’re already in a recession… But now a former CIA and Pentagon advisor is saying this is just the beginning of something much, much worse. And he’s urging Americans to take these FIVE STEPS to protect their wealth and their loved one. [Click here to see all the details.]( Subsribe To My Podcast [The James Altucher Show]( Add james@jamesaltucher.com to your address book: [Whitelist Us]( [The James Altucher Website]( [Subscribe Via Text]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Join the conversation! Follow me on social media: [Facebook Group]( [Facebook]( [Twitter]( [Pinterest]( [Instagram]( Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Choose Yourself Media delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here](. Please read our [Privacy Statement](. 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