War is On Again in Iran, Thousands Down in Europe In Historic Heatwave

Everybody, welcome to another Tom Billy Everybody, welcome to another Tom Billy Show live. I hope you guys had a Show live. I hope you guys had a Show live. I hope you guys had a wonderful weekend. There certainly was wonderful weekend. There certainly was wonderful weekend. There certainly was plenty of drama to go around as the US plenty of drama to go around as the US plenty of drama to go around as the US and Iran exchanged blows once again. Uh and Iran exchanged blows once again. Uh and Iran exchanged blows once again. Uh we're going to discuss the details and we're going to discuss the details and we're going to discuss the details and what's likely the result from what's likely the result from what's likely the result from negotiating via violence, which I'm not negotiating via violence, which I'm not negotiating via violence, which I'm not expecting to turn out very well. Uh expecting to turn out very well. Uh expecting to turn out very well. Uh Ukraine continues to smash Russian oil Ukraine continues to smash Russian oil Ukraine continues to smash Russian oil infrastructure. Speaking of negotiating infrastructure. Speaking of negotiating infrastructure. Speaking of negotiating through violence, um Europe is helping through violence, um Europe is helping through violence, um Europe is helping them more and more push Putin into a them more and more push Putin into a them more and more push Putin into a corner, but the question is what does corner, but the question is what does corner, but the question is what does somebody uh who's put in a desperate somebody uh who's put in a desperate somebody uh who's put in a desperate situation, what do they end up doing? situation, what do they end up doing? situation, what do they end up doing? So, all eyes over there in addition to So, all eyes over there in addition to So, all eyes over there in addition to what's going on in the Middle East. what's going on in the Middle East. what's going on in the Middle East. China is now trolling Europe with AC China is now trolling Europe with AC China is now trolling Europe with AC videos as thousands die in European videos as thousands die in European videos as thousands die in European heatwave that's sweeping the continent. heatwave that's sweeping the continent. heatwave that's sweeping the continent. And their response is to further And their response is to further And their response is to further restrict uh people's use of AC, which is restrict uh people's use of AC, which is restrict uh people's use of AC, which is absolutely wild. The odds of the absolutely wild. The odds of the absolutely wild. The odds of the California billionaire theft tax passing California billionaire theft tax passing California billionaire theft tax passing go up dramatically after insane video go up dramatically after insane video go up dramatically after insane video from Gavin Newsome comes out. More from Gavin Newsome comes out. More from Gavin Newsome comes out. More evidence of masscale fraud as more than evidence of masscale fraud as more than evidence of masscale fraud as more than 1 million people are found on Obamacare 1 million people are found on Obamacare 1 million people are found on Obamacare without a social security number. And a without a social security number. And a without a social security number. And a Mexican Batman is hunting down Mexican Batman is hunting down Mexican Batman is hunting down motorcycle thieves. And you're not going motorcycle thieves. And you're not going motorcycle thieves. And you're not going to believe what he's doing when he to believe what he's doing when he to believe what he's doing when he catches them. It is amazing. Shout out catches them. It is amazing. Shout out catches them. It is amazing. Shout out to my man. All right, speaking of shout to my man. All right, speaking of shout to my man. All right, speaking of shout outs, Koshi, thank you so much for outs, Koshi, thank you so much for outs, Koshi, thank you so much for continuing to support the show. We continuing to support the show. We continuing to support the show. We appreciate it very much, you guys. There appreciate it very much, you guys. There appreciate it very much, you guys. There was a QR code on your screen right now. was a QR code on your screen right now. was a QR code on your screen right now. You can trade $10 to get uh you can You can trade $10 to get uh you can You can trade $10 to get uh you can trade $10 to get $10 with code impact. trade $10 to get $10 with code impact. trade $10 to get $10 with code impact. So, do your thing and also use it as So, do your thing and also use it as So, do your thing and also use it as polling. Man, this is uh something that polling. Man, this is uh something that polling. Man, this is uh something that we do more and more here trying to get a we do more and more here trying to get a we do more and more here trying to get a sense of what's really going on in the sense of what's really going on in the sense of what's really going on in the world. Uh and in fact that is exactly world. Uh and in fact that is exactly world. Uh and in fact that is exactly what triggered me when I saw uh what's what triggered me when I saw uh what's what triggered me when I saw uh what's going on with the billionaire uh theft going on with the billionaire uh theft going on with the billionaire uh theft tax. Uh seeing the odds there jump on tax. Uh seeing the odds there jump on tax. Uh seeing the odds there jump on the polling places. It's wild. So keep the polling places. It's wild. So keep the polling places. It's wild. So keep your eyes peeled to that stuff. It your eyes peeled to that stuff. It your eyes peeled to that stuff. It really does tell you where culture is really does tell you where culture is really does tell you where culture is moving to. Okay. US and Iran the moving to. Okay. US and Iran the moving to. Okay. US and Iran the ceasefire just absolutely blew apart ceasefire just absolutely blew apart ceasefire just absolutely blew apart this weekend. It all started Thursday. this weekend. It all started Thursday. this weekend. It all started Thursday. We talked about this a little bit on We talked about this a little bit on We talked about this a little bit on Friday. So you had that drone hit the Friday. So you had that drone hit the Friday. So you had that drone hit the ever lovely. It was a Singapore flagged ever lovely. It was a Singapore flagged ever lovely. It was a Singapore flagged container ship. They were trying to go container ship. They were trying to go container ship. They were trying to go through the straight of horror moves. through the straight of horror moves. through the straight of horror moves. They were hugging the coast of Aman. And They were hugging the coast of Aman. And They were hugging the coast of Aman. And I think that's what kicked off the beef. I think that's what kicked off the beef. I think that's what kicked off the beef. Iran sees when the ships are hugging the Iran sees when the ships are hugging the Iran sees when the ships are hugging the coast of Aman that that threatens their coast of Aman that that threatens their coast of Aman that that threatens their ability to control the strait. Now, ability to control the strait. Now, ability to control the strait. Now, you're going to get propagandized so you're going to get propagandized so you're going to get propagandized so hard on all of this stuff, both from the hard on all of this stuff, both from the hard on all of this stuff, both from the US and from Iran. So, what's really US and from Iran. So, what's really US and from Iran. So, what's really going on? Uh Trump certainly wants you going on? Uh Trump certainly wants you going on? Uh Trump certainly wants you to believe that Iran is a um rational to believe that Iran is a um rational to believe that Iran is a um rational state actor, that we can do these state actor, that we can do these state actor, that we can do these negotiations with them and everything is negotiations with them and everything is negotiations with them and everything is going to be hunky dory. But despite what going to be hunky dory. But despite what going to be hunky dory. But despite what the propaganda would have us believe, the propaganda would have us believe, the propaganda would have us believe, Iran wants control of the strait and Iran wants control of the strait and Iran wants control of the strait and they are obviously willing to fight and they are obviously willing to fight and they are obviously willing to fight and die for that control. Now, as we are die for that control. Now, as we are die for that control. Now, as we are seeing now, even during this 60-day seeing now, even during this 60-day seeing now, even during this 60-day negotiating period where this is negotiating period where this is negotiating period where this is supposed to just be peace, as far as the supposed to just be peace, as far as the supposed to just be peace, as far as the I can see, Iran is attempting to exert I can see, Iran is attempting to exert I can see, Iran is attempting to exert their domination over the area. And I their domination over the area. And I their domination over the area. And I think that is the right way to see this. think that is the right way to see this. think that is the right way to see this. The way that theou was written is an The way that theou was written is an The way that theou was written is an absolute comedy routine. I don't know if absolute comedy routine. I don't know if absolute comedy routine. I don't know if both sides think they're being clever, both sides think they're being clever, both sides think they're being clever, but it is written so vaguely that it is but it is written so vaguely that it is but it is written so vaguely that it is forcing them essentially to violently forcing them essentially to violently forcing them essentially to violently clash to say, "No, no, no. This is what clash to say, "No, no, no. This is what clash to say, "No, no, no. This is what we actually agreed to. We are going to we actually agreed to. We are going to we actually agreed to. We are going to take over this trade. We are going to take over this trade. We are going to take over this trade. We are going to run it the way that we see fit. We are run it the way that we see fit. We are run it the way that we see fit. We are going to charge uh a fee for it after going to charge uh a fee for it after going to charge uh a fee for it after the end of this 60-day negotiating the end of this 60-day negotiating the end of this 60-day negotiating window." And uh Iran has said very window." And uh Iran has said very window." And uh Iran has said very vocally with their full chest that they vocally with their full chest that they vocally with their full chest that they are never going back to the way that are never going back to the way that are never going back to the way that things were before all of this shook things were before all of this shook things were before all of this shook down as it relates to the strait. So down as it relates to the strait. So down as it relates to the strait. So imagine if that's how they're behaving imagine if that's how they're behaving imagine if that's how they're behaving now when you've got US troops just all now when you've got US troops just all now when you've got US troops just all up in their business what they're going up in their business what they're going up in their business what they're going to be like when they pull out. Now, I to be like when they pull out. Now, I to be like when they pull out. Now, I hate to say it, but as things stand hate to say it, but as things stand hate to say it, but as things stand right now, I do not see any universe in right now, I do not see any universe in right now, I do not see any universe in which what we're building towards is which what we're building towards is which what we're building towards is peace in the Middle East. What I see is peace in the Middle East. What I see is peace in the Middle East. What I see is we are building towards a breakdown of we are building towards a breakdown of we are building towards a breakdown of the long-standing freedom of the seas the long-standing freedom of the seas the long-standing freedom of the seas paradigm. Iran is going to be charging paradigm. Iran is going to be charging paradigm. Iran is going to be charging tolls. Period. End of story. They're tolls. Period. End of story. They're tolls. Period. End of story. They're going to attack if people try to hug the going to attack if people try to hug the going to attack if people try to hug the coast of Oman. They don't want anybody coast of Oman. They don't want anybody coast of Oman. They don't want anybody else uh being able to tell them what to else uh being able to tell them what to else uh being able to tell them what to do. They want the US out of the Middle do. They want the US out of the Middle do. They want the US out of the Middle East entirely. Uh they want to be the East entirely. Uh they want to be the East entirely. Uh they want to be the hegeimon of the Middle East. So even hegeimon of the Middle East. So even hegeimon of the Middle East. So even though Trump is trying to warn them, uh though Trump is trying to warn them, uh though Trump is trying to warn them, uh that he's not going to stand for any of that he's not going to stand for any of that he's not going to stand for any of that, they're just going to keep showing that, they're just going to keep showing that, they're just going to keep showing time and again that if the US isn't time and again that if the US isn't time and again that if the US isn't willing to fight over it, they're not willing to fight over it, they're not willing to fight over it, they're not just going to chill and go back to just going to chill and go back to just going to chill and go back to normal. So um uh yeah, I am having a normal. So um uh yeah, I am having a normal. So um uh yeah, I am having a hard time wrapping my head around the hard time wrapping my head around the hard time wrapping my head around the optimistic view that everything is going optimistic view that everything is going optimistic view that everything is going to settle down. So, we're moving into to settle down. So, we're moving into to settle down. So, we're moving into technical talks right now. So, according technical talks right now. So, according technical talks right now. So, according to Trump, Iran asked for a meeting which to Trump, Iran asked for a meeting which to Trump, Iran asked for a meeting which is going to be taking place Tuesday in is going to be taking place Tuesday in is going to be taking place Tuesday in Doha. It's a technical talk, meaning Doha. It's a technical talk, meaning Doha. It's a technical talk, meaning we're going to talk specifically about we're going to talk specifically about we're going to talk specifically about how this stuff is logistically going to how this stuff is logistically going to how this stuff is logistically going to play out. Uh, but given how far apart play out. Uh, but given how far apart play out. Uh, but given how far apart they seem to be in reality, I am not they seem to be in reality, I am not they seem to be in reality, I am not expecting anything to come out of this expecting anything to come out of this expecting anything to come out of this except more violence. So, uh, how long except more violence. So, uh, how long except more violence. So, uh, how long will the back and forth go before will the back and forth go before will the back and forth go before somebody finally breaks that? I don't somebody finally breaks that? I don't somebody finally breaks that? I don't know. But yeah, I don't have any belief know. But yeah, I don't have any belief know. But yeah, I don't have any belief in um the negotiated settlement working. in um the negotiated settlement working. in um the negotiated settlement working. So right now I think you have two So right now I think you have two So right now I think you have two regimes, the US and the Iranians that do regimes, the US and the Iranians that do regimes, the US and the Iranians that do not see anything the same. Uh Iran is not see anything the same. Uh Iran is not see anything the same. Uh Iran is moving into a uh new world where the moving into a uh new world where the moving into a uh new world where the straight of horm moves becomes a choke straight of horm moves becomes a choke straight of horm moves becomes a choke point that they can use strategically as point that they can use strategically as point that they can use strategically as a weapon anytime they want the leverage a weapon anytime they want the leverage a weapon anytime they want the leverage in a negotiation with the US or in a negotiation with the US or in a negotiation with the US or virtually anybody else that depends on virtually anybody else that depends on virtually anybody else that depends on the straight of Hormuz. And remember the straight of Hormuz. And remember the straight of Hormuz. And remember Trump is going to bang the drum and say Trump is going to bang the drum and say Trump is going to bang the drum and say that the US we don't need it. Straight that the US we don't need it. Straight that the US we don't need it. Straight of Hormuz doesn't matter to us. Uh we of Hormuz doesn't matter to us. Uh we of Hormuz doesn't matter to us. Uh we produce more energy than blah blah blah. produce more energy than blah blah blah. produce more energy than blah blah blah. But the reality is from a uh pressure But the reality is from a uh pressure But the reality is from a uh pressure standpoint from our allies, it matters standpoint from our allies, it matters standpoint from our allies, it matters tremendously. So that is going to be a tremendously. So that is going to be a tremendously. So that is going to be a problem certainly for Trump in that problem certainly for Trump in that problem certainly for Trump in that anytime that Iran goes and exerts anytime that Iran goes and exerts anytime that Iran goes and exerts control over that, people are going to control over that, people are going to control over that, people are going to rightly point out we were in a much rightly point out we were in a much rightly point out we were in a much better position before Trump struck better position before Trump struck better position before Trump struck Iran. So, uh, yeah, this is going to Iran. So, uh, yeah, this is going to Iran. So, uh, yeah, this is going to make it even harder for him in the make it even harder for him in the make it even harder for him in the future to be able to build coalitions future to be able to build coalitions future to be able to build coalitions and he'll say we have coalitions, but and he'll say we have coalitions, but and he'll say we have coalitions, but yeah, when push comes to shove, people yeah, when push comes to shove, people yeah, when push comes to shove, people are not siding with the US in great are not siding with the US in great are not siding with the US in great numbers as we've seen both from European numbers as we've seen both from European numbers as we've seen both from European allies. We've seen weak knees from our allies. We've seen weak knees from our allies. We've seen weak knees from our allies in the Gulf region. So, yeah, allies in the Gulf region. So, yeah, allies in the Gulf region. So, yeah, we're we're not in a good place right we're we're not in a good place right we're we're not in a good place right now. That is the punchline. And I don't now. That is the punchline. And I don't now. That is the punchline. And I don't think that we're going to get in a good think that we're going to get in a good think that we're going to get in a good place unless we push the issue place unless we push the issue place unless we push the issue militarily. It's one of those should we militarily. It's one of those should we militarily. It's one of those should we have ever started it? Probably not. Uh have ever started it? Probably not. Uh have ever started it? Probably not. Uh as we are in just an absolutely as we are in just an absolutely as we are in just an absolutely horrendous position compared to where we horrendous position compared to where we horrendous position compared to where we were before. were before. were before. But now that we have started it, all the But now that we have started it, all the But now that we have started it, all the hand ringing over we never should have hand ringing over we never should have hand ringing over we never should have done it in the first place is just done it in the first place is just done it in the first place is just completely nonsensical. Having that completely nonsensical. Having that completely nonsensical. Having that conversation uh is is a waste of time conversation uh is is a waste of time conversation uh is is a waste of time and energy on everybody's behalf. We are and energy on everybody's behalf. We are and energy on everybody's behalf. We are where we are. And so now it becomes a where we are. And so now it becomes a where we are. And so now it becomes a question of how do we get our way out of question of how do we get our way out of question of how do we get our way out of this and given the behavior of Iran in this and given the behavior of Iran in this and given the behavior of Iran in terms of being a quote unquote rational terms of being a quote unquote rational terms of being a quote unquote rational state actor I'm not seeing evidence of state actor I'm not seeing evidence of state actor I'm not seeing evidence of that. Uh so now it becomes a question of that. Uh so now it becomes a question of that. Uh so now it becomes a question of how far is the US willing to go to um how far is the US willing to go to um how far is the US willing to go to um bring an end to this. I don't think that bring an end to this. I don't think that bring an end to this. I don't think that we would put troops on the ground. So um we would put troops on the ground. So um we would put troops on the ground. So um yeah the ability to get this done from yeah the ability to get this done from yeah the ability to get this done from the air does not seem possible. So the air does not seem possible. So the air does not seem possible. So stalemate, stalemate, which at the end stalemate, stalemate, which at the end stalemate, stalemate, which at the end of this, if we are not able, willing and of this, if we are not able, willing and of this, if we are not able, willing and able to escalate to the point where um able to escalate to the point where um able to escalate to the point where um Iran no longer has the military Iran no longer has the military Iran no longer has the military willingness and ability to continue to willingness and ability to continue to willingness and ability to continue to fight. Um you can expect the US to just fight. Um you can expect the US to just fight. Um you can expect the US to just sort of eventually sort of eventually sort of eventually wash their hands of this, leave Iran in wash their hands of this, leave Iran in wash their hands of this, leave Iran in a situation where they use their control a situation where they use their control a situation where they use their control of the strait as negotiating power. and of the strait as negotiating power. and of the strait as negotiating power. and then we'll just have to see how far that then we'll just have to see how far that then we'll just have to see how far that takes them. Uh they've made it very takes them. Uh they've made it very takes them. Uh they've made it very clear they don't plan to back off their clear they don't plan to back off their clear they don't plan to back off their nuclear ambitions. So yeah, not in a nuclear ambitions. So yeah, not in a nuclear ambitions. So yeah, not in a great place. great place. great place. >> Yeah. So stalemate. I'm immediately >> Yeah. So stalemate. I'm immediately >> Yeah. So stalemate. I'm immediately thinking of like Russia Ukraine where thinking of like Russia Ukraine where thinking of like Russia Ukraine where it's like this off again off again drone it's like this off again off again drone it's like this off again off again drone battle here. Some weeks it's strike battle here. Some weeks it's strike battle here. Some weeks it's strike every day. Some weeks it's months of every day. Some weeks it's months of every day. Some weeks it's months of quiet. Do you see it stalemate kind of quiet. Do you see it stalemate kind of quiet. Do you see it stalemate kind of in that direction? I'm trying to think in that direction? I'm trying to think in that direction? I'm trying to think what does this war look like? what does this war look like? what does this war look like? >> Well, so the what's going on in Iran is >> Well, so the what's going on in Iran is >> Well, so the what's going on in Iran is not a conventional war. This is tit not a conventional war. This is tit not a conventional war. This is tit fortat diplomacy. fortat diplomacy. fortat diplomacy. It is negotiated violence. Um what you It is negotiated violence. Um what you It is negotiated violence. Um what you see in Ukraine is an all-out war. So see in Ukraine is an all-out war. So see in Ukraine is an all-out war. So Ukraine is we don't talk about it Ukraine is we don't talk about it Ukraine is we don't talk about it sometimes because there are other things sometimes because there are other things sometimes because there are other things that are popping off. But uh Ukrainians, that are popping off. But uh Ukrainians, that are popping off. But uh Ukrainians, Russians are dying on the front line Russians are dying on the front line Russians are dying on the front line every day and have been ceaselessly for every day and have been ceaselessly for every day and have been ceaselessly for four years. four years. four years. >> So these are two very different things. >> So these are two very different things. >> So these are two very different things. Uh I if we're going to um speedrun, Uh I if we're going to um speedrun, Uh I if we're going to um speedrun, we've got more detail on it later, but we've got more detail on it later, but we've got more detail on it later, but to speedrun what's going on in Russia, to speedrun what's going on in Russia, to speedrun what's going on in Russia, it looks something like this. Europe is it looks something like this. Europe is it looks something like this. Europe is backing uh Ukraine harder. The US, backing uh Ukraine harder. The US, backing uh Ukraine harder. The US, despite Trump's protestations, are despite Trump's protestations, are despite Trump's protestations, are beginning to back Ukraine, at least beginning to back Ukraine, at least beginning to back Ukraine, at least verbally and with votes. You're getting verbally and with votes. You're getting verbally and with votes. You're getting people uh even Republicans that are people uh even Republicans that are people uh even Republicans that are signaling that they want to get back to signaling that they want to get back to signaling that they want to get back to supporting Ukraine. and it's a small supporting Ukraine. and it's a small supporting Ukraine. and it's a small number, but they're they're in open number, but they're they're in open number, but they're they're in open defiance of Trump's desires to do it. So defiance of Trump's desires to do it. So defiance of Trump's desires to do it. So that fracture needs to be taken very that fracture needs to be taken very that fracture needs to be taken very seriously. And so now with that seriously. And so now with that seriously. And so now with that assistance though, Europe is trying to assistance though, Europe is trying to assistance though, Europe is trying to stay as much in the background as stay as much in the background as stay as much in the background as possible despite Starmer's sort of very possible despite Starmer's sort of very possible despite Starmer's sort of very um high-risk support on his way out. Um um high-risk support on his way out. Um um high-risk support on his way out. Um they're really trying to make the they're really trying to make the they're really trying to make the average Russian citizen feel the pain. average Russian citizen feel the pain. average Russian citizen feel the pain. And so they're striking uh more than And so they're striking uh more than And so they're striking uh more than 12,200 miles into Russia. Dude, that's 12,200 miles into Russia. Dude, that's 12,200 miles into Russia. Dude, that's wild. So um Ukraine, they're doing it wild. So um Ukraine, they're doing it wild. So um Ukraine, they're doing it largely largely largely internally, meaning it's not like the US internally, meaning it's not like the US internally, meaning it's not like the US is shipping them a bunch of drones. It's is shipping them a bunch of drones. It's is shipping them a bunch of drones. It's not like Europe is shipping them a bunch not like Europe is shipping them a bunch not like Europe is shipping them a bunch of drones. They're building it of drones. They're building it of drones. They're building it internally, but they do clearly have the internally, but they do clearly have the internally, but they do clearly have the growing support of Europe. um and that's growing support of Europe. um and that's growing support of Europe. um and that's buying them the um things that they need buying them the um things that they need buying them the um things that they need to build the weaponry that they're going to build the weaponry that they're going to build the weaponry that they're going to need to continue to strike deep into to need to continue to strike deep into to need to continue to strike deep into Russia. Because of that, you're now Russia. Because of that, you're now Russia. Because of that, you're now backing a nuclear armed dictator into a backing a nuclear armed dictator into a backing a nuclear armed dictator into a corner who has signaled multiple times corner who has signaled multiple times corner who has signaled multiple times willingness to use nuclear weapons if willingness to use nuclear weapons if willingness to use nuclear weapons if he's put in a particular position. And he's put in a particular position. And he's put in a particular position. And so if his own country begins to turn so if his own country begins to turn so if his own country begins to turn against him, the dictator playbook is to against him, the dictator playbook is to against him, the dictator playbook is to uh suppress your own people with uh suppress your own people with uh suppress your own people with violence if you need to um and then violence if you need to um and then violence if you need to um and then obviously get more and more violent obviously get more and more violent obviously get more and more violent against Ukraine. So this is really going against Ukraine. So this is really going against Ukraine. So this is really going to this is probably rightly viewed as a to this is probably rightly viewed as a to this is probably rightly viewed as a standoff between Europe as the real standoff between Europe as the real standoff between Europe as the real backs stop and Russia. And so how far backs stop and Russia. And so how far backs stop and Russia. And so how far are they willing to escalate that? But are they willing to escalate that? But are they willing to escalate that? But while I'm I am really impressed with while I'm I am really impressed with while I'm I am really impressed with what Ukraine has done and I side myself what Ukraine has done and I side myself what Ukraine has done and I side myself on the pro- Ukrainian side of this on the pro- Ukrainian side of this on the pro- Ukrainian side of this because Russia invaded them. Uh but this because Russia invaded them. Uh but this because Russia invaded them. Uh but this could escalate quickly into something could escalate quickly into something could escalate quickly into something that gets uncontained really fast. And that gets uncontained really fast. And that gets uncontained really fast. And so um yeah, don't love it. But I I don't so um yeah, don't love it. But I I don't so um yeah, don't love it. But I I don't see another way for this to play out. see another way for this to play out. see another way for this to play out. You have to at a minimum try to get You have to at a minimum try to get You have to at a minimum try to get Putin to the negotiating table. and if Putin to the negotiating table. and if Putin to the negotiating table. and if he feels that he's in a superior he feels that he's in a superior he feels that he's in a superior position, he's going to push the position, he's going to push the position, he's going to push the advantage. And the problem is that's advantage. And the problem is that's advantage. And the problem is that's exactly what I see in Iran. So, while exactly what I see in Iran. So, while exactly what I see in Iran. So, while the war status of them are very the war status of them are very the war status of them are very different, different, different, >> uh the reality of you've got to use >> uh the reality of you've got to use >> uh the reality of you've got to use violence to get people to start acting violence to get people to start acting violence to get people to start acting quote unquote sensible um is true in quote unquote sensible um is true in quote unquote sensible um is true in both scenarios. both scenarios. both scenarios. >> Got it. So your point earlier of using >> Got it. So your point earlier of using >> Got it. So your point earlier of using violence through negotiation, that's the violence through negotiation, that's the violence through negotiation, that's the motivation you think or was this all motivation you think or was this all motivation you think or was this all retaliation because they struck that retaliation because they struck that retaliation because they struck that vessel and this was vessel and this was vessel and this was >> well so what I mean by that is >> well so what I mean by that is >> well so what I mean by that is >> you've got Trump who's saying listen >> you've got Trump who's saying listen >> you've got Trump who's saying listen >> that we want to be calm in all of this. >> that we want to be calm in all of this. >> that we want to be calm in all of this. We want to get a deal done. I think We want to get a deal done. I think We want to get a deal done. I think there's a deal to be had here. They're there's a deal to be had here. They're there's a deal to be had here. They're saying all the right things. Don't saying all the right things. Don't saying all the right things. Don't worry. Uh yeah, they're gonna pop off. worry. Uh yeah, they're gonna pop off. worry. Uh yeah, they're gonna pop off. They've got to give their um their They've got to give their um their They've got to give their um their countrymen something to believe in. countrymen something to believe in. countrymen something to believe in. They've got to see that they've won They've got to see that they've won They've got to see that they've won this. But don't worry, it's just this. But don't worry, it's just this. But don't worry, it's just rhetoric. rhetoric. rhetoric. And the reality is that Iran is And the reality is that Iran is And the reality is that Iran is negotiating violently. And they're they negotiating violently. And they're they negotiating violently. And they're they are saying exactly what they're doing. are saying exactly what they're doing. are saying exactly what they're doing. >> And Trump just keeps asking us not to >> And Trump just keeps asking us not to >> And Trump just keeps asking us not to believe them. But the reality is they're believe them. But the reality is they're believe them. But the reality is they're saying, "No, no, no. We're gonna control saying, "No, no, no. We're gonna control saying, "No, no, no. We're gonna control the straight." And then the second a the straight." And then the second a the straight." And then the second a ship hugs the coast of Aman to try to ship hugs the coast of Aman to try to ship hugs the coast of Aman to try to avoid anything that Iran might have avoid anything that Iran might have avoid anything that Iran might have done, they attack them. done, they attack them. done, they attack them. >> So that is completely consistent there. >> So that is completely consistent there. >> So that is completely consistent there. There's like if you strip away Trump's There's like if you strip away Trump's There's like if you strip away Trump's whole no, nothing to see here, whole no, nothing to see here, whole no, nothing to see here, everything is fine and you just they say everything is fine and you just they say everything is fine and you just they say something and they do something, there's something and they do something, there's something and they do something, there's complete coherence. It is only when complete coherence. It is only when complete coherence. It is only when people tell me not to believe my lying people tell me not to believe my lying people tell me not to believe my lying ears that all of a sudden it seems ears that all of a sudden it seems ears that all of a sudden it seems confusing. So I'm like, "Nope, these confusing. So I'm like, "Nope, these confusing. So I'm like, "Nope, these guys are negotiating with violence. guys are negotiating with violence. guys are negotiating with violence. They're telling you, theou says this. I They're telling you, theou says this. I They're telling you, theou says this. I know you wanted to say something else, know you wanted to say something else, know you wanted to say something else, but theou says, uh, [ __ ] all your but theou says, uh, [ __ ] all your but theou says, uh, [ __ ] all your inspectors. It says, um, you guys are inspectors. It says, um, you guys are inspectors. It says, um, you guys are going to give us $300 billion. It says going to give us $300 billion. It says going to give us $300 billion. It says that we're going to control the straight that we're going to control the straight that we're going to control the straight and that we're going to be able to start and that we're going to be able to start and that we're going to be able to start charging fees after the 60-day window. charging fees after the 60-day window. charging fees after the 60-day window. It says all of those things. And every It says all of those things. And every It says all of those things. And every time we see you do something in time we see you do something in time we see you do something in violation of that, we're going to blow violation of that, we're going to blow violation of that, we're going to blow something up. And that is going to force something up. And that is going to force something up. And that is going to force the US to strike back. So now we're in a the US to strike back. So now we're in a the US to strike back. So now we're in a position where it's like we can layer a position where it's like we can layer a position where it's like we can layer a level of diplomacy on it to try to calm level of diplomacy on it to try to calm level of diplomacy on it to try to calm the markets, but the reality is that you the markets, but the reality is that you the markets, but the reality is that you are your diplomacy is at the end of are your diplomacy is at the end of are your diplomacy is at the end of things that go boom. So uh it it's just things that go boom. So uh it it's just things that go boom. So uh it it's just like I'm now trying to just go, okay, like I'm now trying to just go, okay, like I'm now trying to just go, okay, none of all the words are pointless. Let none of all the words are pointless. Let none of all the words are pointless. Let me just watch what happens. Okay, if you me just watch what happens. Okay, if you me just watch what happens. Okay, if you try to get around the uh mines, the try to get around the uh mines, the try to get around the uh mines, the military control of Iran in the strait, military control of Iran in the strait, military control of Iran in the strait, they attack you. Okay, so they see they attack you. Okay, so they see they attack you. Okay, so they see themselves as like having that whole bad themselves as like having that whole bad themselves as like having that whole bad boy. And if Oman isn't going to help boy. And if Oman isn't going to help boy. And if Oman isn't going to help them, then they're just going to attack. them, then they're just going to attack. them, then they're just going to attack. Uh and so now it's like, oh, okay, yeah, Uh and so now it's like, oh, okay, yeah, Uh and so now it's like, oh, okay, yeah, this is completely unsettled. Theou is this is completely unsettled. Theou is this is completely unsettled. Theou is [ __ ] Uh every word that I hear that [ __ ] Uh every word that I hear that [ __ ] Uh every word that I hear that we're near a deal. Nope. Iran is just we're near a deal. Nope. Iran is just we're near a deal. Nope. Iran is just buying time. This is them trying to get buying time. This is them trying to get buying time. This is them trying to get to a decrease in troops in the region to a decrease in troops in the region to a decrease in troops in the region and then they're going to run the show and then they're going to run the show and then they're going to run the show the way that they want. So, it's like if the way that they want. So, it's like if the way that they want. So, it's like if if you um if you um if you um let me let me just make a really let me let me just make a really let me let me just make a really horrible analogy. Uh if you see domestic horrible analogy. Uh if you see domestic horrible analogy. Uh if you see domestic abuse and you send uh a social worker in abuse and you send uh a social worker in abuse and you send uh a social worker in there to watch how things are going and there to watch how things are going and there to watch how things are going and the guy beats his wife while they're the guy beats his wife while they're the guy beats his wife while they're there and is like, "You guys need to there and is like, "You guys need to there and is like, "You guys need to leave the house." And when you leave the leave the house." And when you leave the leave the house." And when you leave the house, like, "Yeah, this is all going to house, like, "Yeah, this is all going to house, like, "Yeah, this is all going to be fine." but they're beating them right be fine." but they're beating them right be fine." but they're beating them right in front of you. Like, what on earth in front of you. Like, what on earth in front of you. Like, what on earth makes you think that by leaving things makes you think that by leaving things makes you think that by leaving things are going to get better? So, without are going to get better? So, without are going to get better? So, without sufficient military intervention, sufficient military intervention, sufficient military intervention, meaning without the US breaking enough meaning without the US breaking enough meaning without the US breaking enough [ __ ] inside of Iran that they finally [ __ ] inside of Iran that they finally [ __ ] inside of Iran that they finally back down, back down, back down, what indication do we have that they're what indication do we have that they're what indication do we have that they're going to back down? Other than our going to back down? Other than our going to back down? Other than our diplomats saying, "No, no, no. Secretly diplomats saying, "No, no, no. Secretly diplomats saying, "No, no, no. Secretly they're saying all the right things." they're saying all the right things." they're saying all the right things." What do you see that leads you to What do you see that leads you to What do you see that leads you to believe that that's really true? And I believe that that's really true? And I believe that that's really true? And I would say nothing. There's nothing. The would say nothing. There's nothing. The would say nothing. There's nothing. The only like minor thing you have is um we only like minor thing you have is um we only like minor thing you have is um we do get moments like now where they're do get moments like now where they're do get moments like now where they're like cool, we're going to stop. So my like cool, we're going to stop. So my like cool, we're going to stop. So my question is what is the US saying that question is what is the US saying that question is what is the US saying that to them privately? Like they're asking to them privately? Like they're asking to them privately? Like they're asking you to believe. No, no, they just say a you to believe. No, no, they just say a you to believe. No, no, they just say a bunch of stuff to us that they're not bunch of stuff to us that they're not bunch of stuff to us that they're not saying to you. What if that's projection saying to you. What if that's projection saying to you. What if that's projection and we're just saying meaning the US and we're just saying meaning the US and we're just saying meaning the US diplomats are just saying a bunch of diplomats are just saying a bunch of diplomats are just saying a bunch of things to us the American public calm things to us the American public calm things to us the American public calm the markets but in reality the the the markets but in reality the the the markets but in reality the the actual at the table thing just is actual at the table thing just is actual at the table thing just is exactly what we can see with the exactly what we can see with the exactly what we can see with the violence. So that's my instinct is that violence. So that's my instinct is that violence. So that's my instinct is that with wildly imperfect information, the with wildly imperfect information, the with wildly imperfect information, the only thing that I'm left to be able to only thing that I'm left to be able to only thing that I'm left to be able to do is go, but what are people actually do is go, but what are people actually do is go, but what are people actually doing? And what they're actually doing doing? And what they're actually doing doing? And what they're actually doing is exerting control right now in the is exerting control right now in the is exerting control right now in the middle of the negotiations to make their middle of the negotiations to make their middle of the negotiations to make their position clear. position clear. position clear. >> I feel like so that from that >> I feel like so that from that >> I feel like so that from that standpoint, they're negotiating from a standpoint, they're negotiating from a standpoint, they're negotiating from a place of strength where America is kind place of strength where America is kind place of strength where America is kind of slowly losing its leverage or does of slowly losing its leverage or does of slowly losing its leverage or does America need to just bomb more things? America need to just bomb more things? America need to just bomb more things? How do we reset to How do we reset to How do we reset to >> uh America the the only leverage that >> uh America the the only leverage that >> uh America the the only leverage that America has is how far are you willing America has is how far are you willing America has is how far are you willing to go? How many things are you willing to go? How many things are you willing to go? How many things are you willing to destroy? Americans don't have the to destroy? Americans don't have the to destroy? Americans don't have the appetite for it financially. We don't appetite for it financially. We don't appetite for it financially. We don't have the appetite for it from a do we have the appetite for it from a do we have the appetite for it from a do we support Trump and think that he's doing support Trump and think that he's doing support Trump and think that he's doing the right thing. Um he's gone in and the right thing. Um he's gone in and the right thing. Um he's gone in and like done a partial job in terms of like like done a partial job in terms of like like done a partial job in terms of like there are two battles. There is the there are two battles. There is the there are two battles. There is the moral battle which I think Trump has moral battle which I think Trump has moral battle which I think Trump has already lost. Nobody's on his team from already lost. Nobody's on his team from already lost. Nobody's on his team from that side. Then like ought we have done that side. Then like ought we have done that side. Then like ought we have done it. People don't buy the nuclear thing. it. People don't buy the nuclear thing. it. People don't buy the nuclear thing. So they're like yeah well I agree with So they're like yeah well I agree with So they're like yeah well I agree with you that Iran shouldn't have a nuclear you that Iran shouldn't have a nuclear you that Iran shouldn't have a nuclear weapon. And I don't think that's what weapon. And I don't think that's what weapon. And I don't think that's what this was about from the jump. Uh I think this was about from the jump. Uh I think this was about from the jump. Uh I think this is about Israel putting a bunch of this is about Israel putting a bunch of this is about Israel putting a bunch of pressure on you to go in and do it. Uh pressure on you to go in and do it. Uh pressure on you to go in and do it. Uh and I think I mean I can do the like he and I think I mean I can do the like he and I think I mean I can do the like he was trying to get on Mount Rushmore and was trying to get on Mount Rushmore and was trying to get on Mount Rushmore and I can explain all the nuance, but if you I can explain all the nuance, but if you I can explain all the nuance, but if you just look at it in terms of how the just look at it in terms of how the just look at it in terms of how the public thinks about it, the public is is public thinks about it, the public is is public thinks about it, the public is is simplified the narrative down to uh simplified the narrative down to uh simplified the narrative down to uh Israel really pressured you to do this. Israel really pressured you to do this. Israel really pressured you to do this. You go off halfcocked anyway with this You go off halfcocked anyway with this You go off halfcocked anyway with this stuff. you just wanted to bully them stuff. you just wanted to bully them stuff. you just wanted to bully them around. And so now that moral battle around. And so now that moral battle around. And so now that moral battle lost, but you still went in and blew up lost, but you still went in and blew up lost, but you still went in and blew up a bunch of stuff. You, the current a bunch of stuff. You, the current a bunch of stuff. You, the current Supreme Leader, you killed his dad, his Supreme Leader, you killed his dad, his Supreme Leader, you killed his dad, his wife, I think one of his kids or wife, I think one of his kids or wife, I think one of his kids or multiple of his kids, so he's not on multiple of his kids, so he's not on multiple of his kids, so he's not on your team. Uh, so now you've got the your team. Uh, so now you've got the your team. Uh, so now you've got the IRGC more hardened than ever before, IRGC more hardened than ever before, IRGC more hardened than ever before, more angry than ever before, more more angry than ever before, more more angry than ever before, more willing to blow things up, and they've willing to blow things up, and they've willing to blow things up, and they've got asymmetric warfare. So now I want got asymmetric warfare. So now I want got asymmetric warfare. So now I want you to pull out of it because I don't you to pull out of it because I don't you to pull out of it because I don't think the average American has enough think the average American has enough think the average American has enough information to think through the information to think through the information to think through the political uh geopolitical ramifications political uh geopolitical ramifications political uh geopolitical ramifications of us backing out now. So they're just of us backing out now. So they're just of us backing out now. So they're just like, "Get out. I don't want to see you like, "Get out. I don't want to see you like, "Get out. I don't want to see you in foreign wars. I certainly don't want in foreign wars. I certainly don't want in foreign wars. I certainly don't want to see you in a foreign war that I map to see you in a foreign war that I map to see you in a foreign war that I map as Israel just sort of pushing you as Israel just sort of pushing you as Israel just sort of pushing you around." And so get out. So Trump has around." And so get out. So Trump has around." And so get out. So Trump has very little leverage. I think he'll keep very little leverage. I think he'll keep very little leverage. I think he'll keep blowing things up because he's blowing things up because he's blowing things up because he's >> Anyway, we'll set that aside for now. >> Anyway, we'll set that aside for now. >> Anyway, we'll set that aside for now. But I think he's going to keep doing But I think he's going to keep doing But I think he's going to keep doing that for a while. Um, but he's going to that for a while. Um, but he's going to that for a while. Um, but he's going to run out of political capital very fast run out of political capital very fast run out of political capital very fast as we get to the midterms if anything as we get to the midterms if anything as we get to the midterms if anything happens to uh knock us off all-time happens to uh knock us off all-time happens to uh knock us off all-time highs in the stock market, which AI highs in the stock market, which AI highs in the stock market, which AI looms large uh there. So now you've got looms large uh there. So now you've got looms large uh there. So now you've got a a a Trump will strike back but from a very Trump will strike back but from a very Trump will strike back but from a very weakened political position and then weakened political position and then weakened political position and then Iran trying to negotiate purely through Iran trying to negotiate purely through Iran trying to negotiate purely through violent strength and whether they're in violent strength and whether they're in violent strength and whether they're in a politically tenable position is a politically tenable position is a politically tenable position is irrelevant because they'll kill their irrelevant because they'll kill their irrelevant because they'll kill their own people to quiet them down again. So own people to quiet them down again. So own people to quiet them down again. So um it it is one of those it always um it it is one of those it always um it it is one of those it always brings me back to the following brings me back to the following brings me back to the following statement. If you're not prepared to do statement. If you're not prepared to do statement. If you're not prepared to do total warfare, you are essentially total warfare, you are essentially total warfare, you are essentially guaranteeing a quagmire because if guaranteeing a quagmire because if guaranteeing a quagmire because if Afghanistan can back down the Russian Afghanistan can back down the Russian Afghanistan can back down the Russian military and the US military, the military and the US military, the military and the US military, the Afghanis, man, like that's dudes and Afghanis, man, like that's dudes and Afghanis, man, like that's dudes and sandals with AKs. And if they can back sandals with AKs. And if they can back sandals with AKs. And if they can back you down, then you down, then you down, then Iran is way more sophisticated. Way more Iran is way more sophisticated. Way more Iran is way more sophisticated. Way more sophisticated. So, you're now in a sophisticated. So, you're now in a sophisticated. So, you're now in a position where um minus total warfare, I position where um minus total warfare, I position where um minus total warfare, I don't see you getting out of this. don't see you getting out of this. don't see you getting out of this. >> Um, somebody just said that is this like >> Um, somebody just said that is this like >> Um, somebody just said that is this like the sunk cause fallacy? Like, we already the sunk cause fallacy? Like, we already the sunk cause fallacy? Like, we already spent money, we're already losing. I spent money, we're already losing. I spent money, we're already losing. I don't think anybody thinks that we're don't think anybody thinks that we're don't think anybody thinks that we're being we're getting benefits from this being we're getting benefits from this being we're getting benefits from this war. What is stopping Trump from just war. What is stopping Trump from just war. What is stopping Trump from just packing up? Is it just ego at this packing up? Is it just ego at this packing up? Is it just ego at this standpoint? He doesn't want to come home standpoint? He doesn't want to come home standpoint? He doesn't want to come home with, you know, his tail between his with, you know, his tail between his with, you know, his tail between his legs. PE people are not doing a good job legs. PE people are not doing a good job legs. PE people are not doing a good job of differentiating between where we were of differentiating between where we were of differentiating between where we were before uh before we struck Fort. But before uh before we struck Fort. But before uh before we struck Fort. But that one maybe we would have been fine. that one maybe we would have been fine. that one maybe we would have been fine. >> Separate those two. >> Separate those two. >> Separate those two. >> But even if you're going to say bombing >> But even if you're going to say bombing >> But even if you're going to say bombing Fort was cool, but now that we have Fort was cool, but now that we have Fort was cool, but now that we have launched this offensive to where they launched this offensive to where they launched this offensive to where they feel truly agrieved. So remember, Iran feel truly agrieved. So remember, Iran feel truly agrieved. So remember, Iran believes they're doing God's work, that believes they're doing God's work, that believes they're doing God's work, that God wills what they are doing right now. God wills what they are doing right now. God wills what they are doing right now. And it they have had a long-standing And it they have had a long-standing And it they have had a long-standing belief that uh America is uh meddling in belief that uh America is uh meddling in belief that uh America is uh meddling in a region that they have no business in, a region that they have no business in, a region that they have no business in, that Iran would rightfully be the that Iran would rightfully be the that Iran would rightfully be the hegeimon of the region, that Israel has hegeimon of the region, that Israel has hegeimon of the region, that Israel has no right to exist. So when you put all no right to exist. So when you put all no right to exist. So when you put all that back on the table, they feel like that back on the table, they feel like that back on the table, they feel like you guys have really come in here, you guys have really come in here, you guys have really come in here, killed our citizens, uh destroyed much killed our citizens, uh destroyed much killed our citizens, uh destroyed much of our infrastructure, and all of it was of our infrastructure, and all of it was of our infrastructure, and all of it was unjust. And so now we're going to go unjust. And so now we're going to go unjust. And so now we're going to go ham. Okay. So if you're an American ham. Okay. So if you're an American ham. Okay. So if you're an American trying to like figure out is this sunk trying to like figure out is this sunk trying to like figure out is this sunk cost fallacy it between Ford and the big cost fallacy it between Ford and the big cost fallacy it between Ford and the big attack like I could see you going listen attack like I could see you going listen attack like I could see you going listen you you did what you you did your best you you did what you you did your best you you did what you you did your best to push back their nuclear uh ambitions to push back their nuclear uh ambitions to push back their nuclear uh ambitions it either worked or it didn't cool there it either worked or it didn't cool there it either worked or it didn't cool there I would say sunk cost fallacy Trump I would say sunk cost fallacy Trump I would say sunk cost fallacy Trump don't move any further now the the only don't move any further now the the only don't move any further now the the only way to understand the quagmire is to way to understand the quagmire is to way to understand the quagmire is to recognize that partial warfare no longer recognize that partial warfare no longer recognize that partial warfare no longer works. And what do I mean by that? Okay, works. And what do I mean by that? Okay, works. And what do I mean by that? Okay, so you now have an emboldened Iran for so you now have an emboldened Iran for so you now have an emboldened Iran for all the reasons that I just said. You all the reasons that I just said. You all the reasons that I just said. You have weakened relationships with all of have weakened relationships with all of have weakened relationships with all of your allies because you have not gotten your allies because you have not gotten your allies because you have not gotten the job done. The only person that maybe the job done. The only person that maybe the job done. The only person that maybe you could say is a stronger ally from you could say is a stronger ally from you could say is a stronger ally from their perspective would be Israel. But their perspective would be Israel. But their perspective would be Israel. But in recent months, Trump has really in recent months, Trump has really in recent months, Trump has really burned a lot of those bridges as well. burned a lot of those bridges as well. burned a lot of those bridges as well. So now you probably could say that you So now you probably could say that you So now you probably could say that you basically have universally alienated basically have universally alienated basically have universally alienated your allies, at least diminished your your allies, at least diminished your your allies, at least diminished your relationships with them. And so what relationships with them. And so what relationships with them. And so what would it look like at this moment to would it look like at this moment to would it look like at this moment to back out? So yes, you're going to save a back out? So yes, you're going to save a back out? So yes, you're going to save a lot of money in the short term because lot of money in the short term because lot of money in the short term because you're not funding a war for sure, but you're not funding a war for sure, but you're not funding a war for sure, but you're going to lose control of the you're going to lose control of the you're going to lose control of the strait. And so now you have an entire strait. And so now you have an entire strait. And so now you have an entire region which was moving more in your region which was moving more in your region which was moving more in your direction via the Abraham Accords, was direction via the Abraham Accords, was direction via the Abraham Accords, was normalizing relationships with Israel. normalizing relationships with Israel. normalizing relationships with Israel. That's all going to go away. And you've That's all going to go away. And you've That's all going to go away. And you've now got Iran is going to, if you now got Iran is going to, if you now got Iran is going to, if you actually uh remove your sanctions and actually uh remove your sanctions and actually uh remove your sanctions and allow money to flow back into Iran, let allow money to flow back into Iran, let allow money to flow back into Iran, let them control the strait. Let them charge them control the strait. Let them charge them control the strait. Let them charge billions of dollars in fees annually for billions of dollars in fees annually for billions of dollars in fees annually for the use of the straight. Dude, they're the use of the straight. Dude, they're the use of the straight. Dude, they're going to be like, how much noise did going to be like, how much noise did going to be like, how much noise did Trump make about whatever 1 to3 billion? Trump make about whatever 1 to3 billion? Trump make about whatever 1 to3 billion? I forget exactly how much that Obama I forget exactly how much that Obama I forget exactly how much that Obama gave. And it's like, oh my god, that gave. And it's like, oh my god, that gave. And it's like, oh my god, that money has allowed them to fund all this money has allowed them to fund all this money has allowed them to fund all this and create all this madness with three and create all this madness with three and create all this madness with three billion. And now we're talking uh billion. And now we're talking uh billion. And now we're talking uh removing sanctions, which would be removing sanctions, which would be removing sanctions, which would be billions and billions of billions plus billions and billions of billions plus billions and billions of billions plus some theoretical ability for the rest of some theoretical ability for the rest of some theoretical ability for the rest of the world to invest in Iran to the tune the world to invest in Iran to the tune the world to invest in Iran to the tune of $300 billion PS. If the regions of $300 billion PS. If the regions of $300 billion PS. If the regions around really do want to fund Iran, ask around really do want to fund Iran, ask around really do want to fund Iran, ask yourself why. Because they know they've yourself why. Because they know they've yourself why. Because they know they've got to tithe in some way to get Iran to got to tithe in some way to get Iran to got to tithe in some way to get Iran to leave them alone. So now de facto, leave them alone. So now de facto, leave them alone. So now de facto, you've got a huge signal that the region you've got a huge signal that the region you've got a huge signal that the region is saying, "Yep, Iran is basically the is saying, "Yep, Iran is basically the is saying, "Yep, Iran is basically the hgeimon, and that's why we're all hgeimon, and that's why we're all hgeimon, and that's why we're all investing in Iran." Like, it's so wild. investing in Iran." Like, it's so wild. investing in Iran." Like, it's so wild. And if the worst uh prognostications And if the worst uh prognostications And if the worst uh prognostications about what that 300 billion really is, about what that 300 billion really is, about what that 300 billion really is, which is the US funneling money to GCC which is the US funneling money to GCC which is the US funneling money to GCC nations so that they can then pay Iran, nations so that they can then pay Iran, nations so that they can then pay Iran, you've effectively got the US funding you've effectively got the US funding you've effectively got the US funding Iran. So, oh my god, like this would be Iran. So, oh my god, like this would be Iran. So, oh my god, like this would be a level of just disaster. So, I am a level of just disaster. So, I am a level of just disaster. So, I am certainly empathetic to anybody that certainly empathetic to anybody that certainly empathetic to anybody that doesn't want this quagmire to be the doesn't want this quagmire to be the doesn't want this quagmire to be the quagmire that it is, but it's like holy quagmire that it is, but it's like holy quagmire that it is, but it's like holy [ __ ] This this is bad news bears. So, [ __ ] This this is bad news bears. So, [ __ ] This this is bad news bears. So, anybody trying to think through this, anybody trying to think through this, anybody trying to think through this, they've they've got to run uh thought they've they've got to run uh thought they've they've got to run uh thought exercises and say, "Okay, US pulls out exercises and say, "Okay, US pulls out exercises and say, "Okay, US pulls out and doesn't give any money to the GCC and doesn't give any money to the GCC and doesn't give any money to the GCC nations, but does allow there to be a nations, but does allow there to be a nations, but does allow there to be a backtrack sanctions." What does that backtrack sanctions." What does that backtrack sanctions." What does that look like? What does a an emboldened look like? What does a an emboldened look like? What does a an emboldened well financed Iran look like? What do well financed Iran look like? What do well financed Iran look like? What do people think it looks like? They're people think it looks like? They're people think it looks like? They're showing you right now it looks like showing you right now it looks like showing you right now it looks like control over the straight of Hormuz, control over the straight of Hormuz, control over the straight of Hormuz, right? I don't think anybody's denying right? I don't think anybody's denying right? I don't think anybody's denying that. So you've now got a well- financed that. So you've now got a well- financed that. So you've now got a well- financed Iran, a grieved Iran going after the Iran, a grieved Iran going after the Iran, a grieved Iran going after the straight of Hormuz. So now that becomes straight of Hormuz. So now that becomes straight of Hormuz. So now that becomes we're we're seeing right now what we're we're seeing right now what we're we're seeing right now what happens to the global economy when Iran happens to the global economy when Iran happens to the global economy when Iran is able to choke out the straight of is able to choke out the straight of is able to choke out the straight of Hormuz. Okay. So keep in mind even if Hormuz. Okay. So keep in mind even if Hormuz. Okay. So keep in mind even if the US can protect itself if you end up the US can protect itself if you end up the US can protect itself if you end up with a global recession because of uh with a global recession because of uh with a global recession because of uh Iran's you know ability to ability and Iran's you know ability to ability and Iran's you know ability to ability and willingness to choke out the strait to willingness to choke out the strait to willingness to choke out the strait to um hold sway over the GCC for sure. I um hold sway over the GCC for sure. I um hold sway over the GCC for sure. I think that would be their first target think that would be their first target think that would be their first target but they can toy with just about anybody but they can toy with just about anybody but they can toy with just about anybody now that does have that. So you're going now that does have that. So you're going now that does have that. So you're going to have a very well financed Islamic to have a very well financed Islamic to have a very well financed Islamic Republic doing their theat theocratic Republic doing their theat theocratic Republic doing their theat theocratic madness. Uh so madness. Uh so madness. Uh so what are we willing to do to make sure what are we willing to do to make sure what are we willing to do to make sure that that doesn't happen? And I think that that doesn't happen? And I think that that doesn't happen? And I think that the answer from the US is very very that the answer from the US is very very that the answer from the US is very very little. So yeah, you'd have to run all little. So yeah, you'd have to run all little. So yeah, you'd have to run all of those scenarios. Then the scenario of those scenarios. Then the scenario of those scenarios. Then the scenario with we are funding the 300 billion with we are funding the 300 billion with we are funding the 300 billion through back channels. What does that through back channels. What does that through back channels. What does that look like? So yeah, this is not it's not look like? So yeah, this is not it's not look like? So yeah, this is not it's not easy to stay in and it certainly is not easy to stay in and it certainly is not easy to stay in and it certainly is not just, oh well, get out, cut your losses. just, oh well, get out, cut your losses. just, oh well, get out, cut your losses. It will be, I think, more traumatic than It will be, I think, more traumatic than It will be, I think, more traumatic than that. But but just ask the question, that. But but just ask the question, that. But but just ask the question, what does it look like when Iran just what does it look like when Iran just what does it look like when Iran just nakedly controls the straight of nakedly controls the straight of nakedly controls the straight of hormones? hormones? hormones? >> Um, going back to Russia, when you >> Um, going back to Russia, when you >> Um, going back to Russia, when you brought it up, the Russia Ukraine war brought it up, the Russia Ukraine war brought it up, the Russia Ukraine war right now, Putin has announced that right now, Putin has announced that right now, Putin has announced that there are fuel shortages growing from there are fuel shortages growing from there are fuel shortages growing from the strain on Russia's energy the strain on Russia's energy the strain on Russia's energy infrastructure. And this largely is infrastructure. And this largely is infrastructure. And this largely is because Ukraine has been attacking their because Ukraine has been attacking their because Ukraine has been attacking their oil refineries. There's been arguments oil refineries. There's been arguments oil refineries. There's been arguments on the street and it seems like Russia on the street and it seems like Russia on the street and it seems like Russia is starting to feel the strain of the is starting to feel the strain of the is starting to feel the strain of the oil. Um it seems in this standpoint that oil. Um it seems in this standpoint that oil. Um it seems in this standpoint that Ukraine is doing strategic attacks now Ukraine is doing strategic attacks now Ukraine is doing strategic attacks now that are actually hurting Russia's that are actually hurting Russia's that are actually hurting Russia's bottom line. bottom line. bottom line. >> They are. Uh gas shortages are literally >> They are. Uh gas shortages are literally >> They are. Uh gas shortages are literally sweeping across Russia as Ukraine just sweeping across Russia as Ukraine just sweeping across Russia as Ukraine just continues to hammer Russia's oil continues to hammer Russia's oil continues to hammer Russia's oil infrastructure with long range drones. infrastructure with long range drones. infrastructure with long range drones. More than two dozen strikes have taken More than two dozen strikes have taken More than two dozen strikes have taken place uh since March that have hit eight place uh since March that have hit eight place uh since March that have hit eight of Russia's 10 largest refineries. of Russia's 10 largest refineries. of Russia's 10 largest refineries. You've got the International Energy You've got the International Energy You've got the International Energy Agency estimating that more than 20% of Agency estimating that more than 20% of Agency estimating that more than 20% of Russia's refining capacity is now Russia's refining capacity is now Russia's refining capacity is now offline. Okay, let that sit out there. offline. Okay, let that sit out there. offline. Okay, let that sit out there. 20% 20% 20%. How much of the world's oil 20% 20% 20%. How much of the world's oil 20% 20% 20%. How much of the world's oil goes through the straight of Hormuz? 20% goes through the straight of Hormuz? 20% goes through the straight of Hormuz? 20% 20% 20%. So this 20% number is so 20% 20%. So this 20% number is so 20% 20%. So this 20% number is so meaningful because just look at what's meaningful because just look at what's meaningful because just look at what's going on in Russia when you choke out going on in Russia when you choke out going on in Russia when you choke out 25%. So um you've now got the refinery 25%. So um you've now got the refinery 25%. So um you've now got the refinery throughput in Russia as of May anyway. throughput in Russia as of May anyway. throughput in Russia as of May anyway. So I'm sure it's much worse now. Hit its So I'm sure it's much worse now. Hit its So I'm sure it's much worse now. Hit its lowest level since 2009. You can expect lowest level since 2009. You can expect lowest level since 2009. You can expect the data on June to make that look even the data on June to make that look even the data on June to make that look even worse. Ukraine is just going deep deep worse. Ukraine is just going deep deep worse. Ukraine is just going deep deep inside of Russia. On June 20th, a drone inside of Russia. On June 20th, a drone inside of Russia. On June 20th, a drone struck a refinery that was more than struck a refinery that was more than struck a refinery that was more than 1,200 miles from the front line. That's 1,200 miles from the front line. That's 1,200 miles from the front line. That's wild. Now, because of all of this, wild. Now, because of all of this, wild. Now, because of all of this, Russia is being forced to spend Russia is being forced to spend Russia is being forced to spend trillions of rubles to try and keep gas trillions of rubles to try and keep gas trillions of rubles to try and keep gas prices from skyrocketing. This is like prices from skyrocketing. This is like prices from skyrocketing. This is like you now get, what does it look like when you now get, what does it look like when you now get, what does it look like when you try to control prices from the top you try to control prices from the top you try to control prices from the top down? Does it actually work? Uh, spoiler down? Does it actually work? Uh, spoiler down? Does it actually work? Uh, spoiler alert, no, it does not. What does 20% of alert, no, it does not. What does 20% of alert, no, it does not. What does 20% of oil being taken offline? What does that oil being taken offline? What does that oil being taken offline? What does that look like as a parallel to what's going look like as a parallel to what's going look like as a parallel to what's going on in Hormuz? It's all bad because even on in Hormuz? It's all bad because even on in Hormuz? It's all bad because even though Russia is able to keep the prices though Russia is able to keep the prices though Russia is able to keep the prices down, they can't stop shortages. And by down, they can't stop shortages. And by down, they can't stop shortages. And by the way, that's what happens when you the way, that's what happens when you the way, that's what happens when you freeze rents, you're going to create freeze rents, you're going to create freeze rents, you're going to create shortages. You might keep the prices the shortages. You might keep the prices the shortages. You might keep the prices the same, but you can't stop the shortages. same, but you can't stop the shortages. same, but you can't stop the shortages. So now those shortages are sweeping all So now those shortages are sweeping all So now those shortages are sweeping all across Russia. They're putting across Russia. They're putting across Russia. They're putting restrictions um they're either putting a restrictions um they're either putting a restrictions um they're either putting a restriction to hide a shortage or just restriction to hide a shortage or just restriction to hide a shortage or just accepting that there are shortages accepting that there are shortages accepting that there are shortages across roughly 23 of Russia as a across roughly 23 of Russia as a across roughly 23 of Russia as a totality. Okay, Crimea halted civilian totality. Okay, Crimea halted civilian totality. Okay, Crimea halted civilian fuel sales full stop on June 21st. Just fuel sales full stop on June 21st. Just fuel sales full stop on June 21st. Just like sorry guys, you can't have a really like sorry guys, you can't have a really like sorry guys, you can't have a really think about that for a second. You choke think about that for a second. You choke think about that for a second. You choke out 20% of a supply and you get this out 20% of a supply and you get this out 20% of a supply and you get this kind of reaction. That's the power that kind of reaction. That's the power that kind of reaction. That's the power that we're getting now in we're giving to we're getting now in we're giving to we're getting now in we're giving to Iran if we let them control the Iran if we let them control the Iran if we let them control the straight. So using these as like straight. So using these as like straight. So using these as like parallel systems. So you see Russia is parallel systems. So you see Russia is parallel systems. So you see Russia is just a little bit farther down the road. just a little bit farther down the road. just a little bit farther down the road. The Russia Ukraine war is farther down The Russia Ukraine war is farther down The Russia Ukraine war is farther down the road. so we can start to get a sense the road. so we can start to get a sense the road. so we can start to get a sense of what this really looks like. Now, as of what this really looks like. Now, as of what this really looks like. Now, as you would imagine, this is freaking you would imagine, this is freaking you would imagine, this is freaking Russians out. So, it's a bit hard to Russians out. So, it's a bit hard to Russians out. So, it's a bit hard to believe state media and Russia, for what believe state media and Russia, for what believe state media and Russia, for what I hope are obvious reasons, but both I hope are obvious reasons, but both I hope are obvious reasons, but both independent and state pollsters are independent and state pollsters are independent and state pollsters are reporting that Russians are just getting reporting that Russians are just getting reporting that Russians are just getting fed up with the war that Putin now has fed up with the war that Putin now has fed up with the war that Putin now has his lowest approval since the invasion. his lowest approval since the invasion. his lowest approval since the invasion. Imagine if the polls actually show that Imagine if the polls actually show that Imagine if the polls actually show that and you know if you get caught talking and you know if you get caught talking and you know if you get caught talking [ __ ] on the government, you're going to [ __ ] on the government, you're going to [ __ ] on the government, you're going to fall out of a window, which happened fall out of a window, which happened fall out of a window, which happened again, dude. The number of times that again, dude. The number of times that again, dude. The number of times that military personnel fall out of windows military personnel fall out of windows military personnel fall out of windows in Russia is wild. It is wild. So, in in Russia is wild. It is wild. So, in in Russia is wild. It is wild. So, in light of all of that, the polls still light of all of that, the polls still light of all of that, the polls still show that Putin is losing favorability. show that Putin is losing favorability. show that Putin is losing favorability. Now, let's hope that Ukraine's ability Now, let's hope that Ukraine's ability Now, let's hope that Ukraine's ability uh to continue to hit Russia where it uh to continue to hit Russia where it uh to continue to hit Russia where it hurts is going to force Putin to the hurts is going to force Putin to the hurts is going to force Putin to the negotiating table instead of to the I negotiating table instead of to the I negotiating table instead of to the I don't want to over dramatize this, but don't want to over dramatize this, but don't want to over dramatize this, but instead of the bigger and bigger weapons instead of the bigger and bigger weapons instead of the bigger and bigger weapons table, which strikes me as a likely table, which strikes me as a likely table, which strikes me as a likely attempt before he just concedes unless attempt before he just concedes unless attempt before he just concedes unless there is some sort of off-ramp that's there is some sort of off-ramp that's there is some sort of off-ramp that's going to make him look good to the going to make him look good to the going to make him look good to the people in his country. Uh, so fingers people in his country. Uh, so fingers people in his country. Uh, so fingers crossed because I think Ukraine has to crossed because I think Ukraine has to crossed because I think Ukraine has to do this. I You cannot allow somebody to do this. I You cannot allow somebody to do this. I You cannot allow somebody to invade your country, man. You can't do invade your country, man. You can't do invade your country, man. You can't do it. So they're going to have to do this. it. So they're going to have to do this. it. So they're going to have to do this. They're going to have to be more They're going to have to be more They're going to have to be more aggressive. But the reason that war aggressive. But the reason that war aggressive. But the reason that war should be avoided whenever humanly should be avoided whenever humanly should be avoided whenever humanly possible is because the outcomes are possible is because the outcomes are possible is because the outcomes are never certain, man. Other than never certain, man. Other than never certain, man. Other than guaranteed everybody's going to lose a guaranteed everybody's going to lose a guaranteed everybody's going to lose a lot a lot of people. And if you guys lot a lot of people. And if you guys lot a lot of people. And if you guys have been paying attention, there was a have been paying attention, there was a have been paying attention, there was a recent breakdown of the average life recent breakdown of the average life recent breakdown of the average life expectancy of a new recruit for Russia expectancy of a new recruit for Russia expectancy of a new recruit for Russia sent to the front line. sent to the front line. sent to the front line. It's 20 to 30 minutes, man. 20 to 30 It's 20 to 30 minutes, man. 20 to 30 It's 20 to 30 minutes, man. 20 to 30 minutes for a new recruit sent to the minutes for a new recruit sent to the minutes for a new recruit sent to the front line. That's crazy. So you can front line. That's crazy. So you can front line. That's crazy. So you can imagine that that is going to send shock imagine that that is going to send shock imagine that that is going to send shock waves through the populace of Russia if waves through the populace of Russia if waves through the populace of Russia if you're sending people into a meat you're sending people into a meat you're sending people into a meat grinder and the only path forward that grinder and the only path forward that grinder and the only path forward that you see is a re repeat of World War II. you see is a re repeat of World War II. you see is a re repeat of World War II. If you guys don't know the battle of If you guys don't know the battle of If you guys don't know the battle of Stalingrad, holy Jesus, they just kept Stalingrad, holy Jesus, they just kept Stalingrad, holy Jesus, they just kept sending people to die to stop the sending people to die to stop the sending people to die to stop the advancement of the Nazis. And the crazy advancement of the Nazis. And the crazy advancement of the Nazis. And the crazy thing is it worked. But oh my god, the thing is it worked. But oh my god, the thing is it worked. But oh my god, the millions of people that Russia threw millions of people that Russia threw millions of people that Russia threw into that meat grinder is insane. That's into that meat grinder is insane. That's into that meat grinder is insane. That's why to be honest the US just telling why to be honest the US just telling why to be honest the US just telling itself the story that we stopped the itself the story that we stopped the itself the story that we stopped the Nazis effectively by ourselves that Nazis effectively by ourselves that Nazis effectively by ourselves that Europe had been clobbered and we went in Europe had been clobbered and we went in Europe had been clobbered and we went in and stopped it really denies what Russia and stopped it really denies what Russia and stopped it really denies what Russia did in terms of lives lost to stop to did in terms of lives lost to stop to did in terms of lives lost to stop to styy more importantly styy more importantly styy more importantly the offensive into Russia which caused a the offensive into Russia which caused a the offensive into Russia which caused a massive distraction for the Nazis and massive distraction for the Nazis and massive distraction for the Nazis and that helped weaken what they were doing that helped weaken what they were doing that helped weaken what they were doing in Europe. So, Russia has a historical in Europe. So, Russia has a historical in Europe. So, Russia has a historical legacy of showing that they're willing legacy of showing that they're willing legacy of showing that they're willing to throw bodies and bodies and bodies to throw bodies and bodies and bodies to throw bodies and bodies and bodies and bodies. So, yeah, this one is deeply and bodies. So, yeah, this one is deeply and bodies. So, yeah, this one is deeply distressing if you care at all about distressing if you care at all about distressing if you care at all about lives lost um and show the cost of lives lost um and show the cost of lives lost um and show the cost of warfare when everybody's trying to um warfare when everybody's trying to um warfare when everybody's trying to um push as hard as they can without going push as hard as they can without going push as hard as they can without going to total warfare. It's just grinding. So to total warfare. It's just grinding. So to total warfare. It's just grinding. So grinding. grinding. grinding. >> Yeah. There's something interesting >> Yeah. There's something interesting >> Yeah. There's something interesting about the article too about that where about the article too about that where about the article too about that where so many of young people are dying. So so many of young people are dying. So so many of young people are dying. So many men are just getting thrown into many men are just getting thrown into many men are just getting thrown into the combat zone. There was at one point the combat zone. There was at one point the combat zone. There was at one point in time people are getting kidnapped in time people are getting kidnapped in time people are getting kidnapped just because they were trying to dodge just because they were trying to dodge just because they were trying to dodge and evade. and evade. and evade. >> I fear it's still happening. But I don't >> I fear it's still happening. But I don't >> I fear it's still happening. But I don't know that know that know that >> at that point though from Putin's >> at that point though from Putin's >> at that point though from Putin's perspective he has to feel the walls perspective he has to feel the walls perspective he has to feel the walls closing in on him. Like he thought this closing in on him. Like he thought this closing in on him. Like he thought this little country was going to be wrapped little country was going to be wrapped little country was going to be wrapped up in a couple months and four years up in a couple months and four years up in a couple months and four years later he's still battling with them and later he's still battling with them and later he's still battling with them and they're doing significant damage. they're doing significant damage. they're doing significant damage. they're consulting other big countries they're consulting other big countries they're consulting other big countries on how to do drone warfare and kind of on how to do drone warfare and kind of on how to do drone warfare and kind of change how war is played on the large on change how war is played on the large on change how war is played on the large on the world stage. What do you think the world stage. What do you think the world stage. What do you think Putin's options are at this point? Putin's options are at this point? Putin's options are at this point? >> Escalate bigger bombs. Um attack a >> Escalate bigger bombs. Um attack a >> Escalate bigger bombs. Um attack a European city as a reminder that um European city as a reminder that um European city as a reminder that um don't [ __ ] interfere with this. Um don't [ __ ] interfere with this. Um don't [ __ ] interfere with this. Um come up with a better story for why come up with a better story for why come up with a better story for why now's the time to end the war. now's the time to end the war. now's the time to end the war. um and take that off-ramp, negotiate um and take that off-ramp, negotiate um and take that off-ramp, negotiate something, propagandize your people something, propagandize your people something, propagandize your people until the end of time about how it until the end of time about how it until the end of time about how it really was a victory. Um kill dissenting really was a victory. Um kill dissenting really was a victory. Um kill dissenting voices inside your own country. Uh throw voices inside your own country. Uh throw voices inside your own country. Uh throw a few more people out of windows. That a few more people out of windows. That a few more people out of windows. That that's really where we're at. He's not that's really where we're at. He's not that's really where we're at. He's not going to back out unless he can paint it going to back out unless he can paint it going to back out unless he can paint it as a win. Mhm. as a win. Mhm. as a win. Mhm. >> Um, and I will just remind people, man, >> Um, and I will just remind people, man, >> Um, and I will just remind people, man, like the lives lost in World War II to like the lives lost in World War II to like the lives lost in World War II to the Russian willingness to throw bodies the Russian willingness to throw bodies the Russian willingness to throw bodies at a problem is it's a longstanding at a problem is it's a longstanding at a problem is it's a longstanding tradition. So, yeah, Russia is a tradition. So, yeah, Russia is a tradition. So, yeah, Russia is a formidable foe that should never be formidable foe that should never be formidable foe that should never be taken lightly. Um, and Putin is Putin is desperately trying to reunite Putin is desperately trying to reunite the USSR. He said the greatest tragedy the USSR. He said the greatest tragedy the USSR. He said the greatest tragedy of uh the 20th century was the of uh the 20th century was the of uh the 20th century was the dissolution of the USSR. He is dissolution of the USSR. He is dissolution of the USSR. He is territorially inquisitive by um territorially inquisitive by um territorially inquisitive by um doctrine. So you've got a guy that's doctrine. So you've got a guy that's doctrine. So you've got a guy that's like this is the right thing to do. It's like this is the right thing to do. It's like this is the right thing to do. It's what we ought to do. Um and now you've what we ought to do. Um and now you've what we ought to do. Um and now you've got the West meddling in that. And if he got the West meddling in that. And if he got the West meddling in that. And if he sees it as an existential threat to sees it as an existential threat to sees it as an existential threat to himself and the regime, how far is he himself and the regime, how far is he himself and the regime, how far is he willing to go? And I don't know the willing to go? And I don't know the willing to go? And I don't know the answer to that, but it is certainly on answer to that, but it is certainly on answer to that, but it is certainly on the table. He has made mouth noises to the table. He has made mouth noises to the table. He has made mouth noises to let you know that he agrees that it's on let you know that he agrees that it's on let you know that he agrees that it's on the table. Um, and that he sees Europe the table. Um, and that he sees Europe the table. Um, and that he sees Europe as at least partially responsible. And as at least partially responsible. And as at least partially responsible. And so his rhetoric, which is going to be so his rhetoric, which is going to be so his rhetoric, which is going to be obuscated as much as possible by Western obuscated as much as possible by Western obuscated as much as possible by Western media, his rhetoric is um he's always media, his rhetoric is um he's always media, his rhetoric is um he's always very calm, which I find super unnerving very calm, which I find super unnerving very calm, which I find super unnerving about him, but he's like, "Listen, this about him, but he's like, "Listen, this about him, but he's like, "Listen, this is Europe. Europe is doing this." And so is Europe. Europe is doing this." And so is Europe. Europe is doing this." And so if Europe continues to meddle in this if Europe continues to meddle in this if Europe continues to meddle in this regional war with a country trying to regional war with a country trying to regional war with a country trying to rightfully reunite um its own people, rightfully reunite um its own people, rightfully reunite um its own people, then we will have to let them know the then we will have to let them know the then we will have to let them know the cost of getting involved. cost of getting involved. cost of getting involved. So we'll see. Th this isn't um Hezblah. So we'll see. Th this isn't um Hezblah. So we'll see. Th this isn't um Hezblah. You're not [ __ ] with people like You're not [ __ ] with people like You're not [ __ ] with people like firing rockets from tunnels. You're firing rockets from tunnels. You're firing rockets from tunnels. You're [ __ ] with one of the great military [ __ ] with one of the great military [ __ ] with one of the great military powers on planet Earth. uh one of the powers on planet Earth. uh one of the powers on planet Earth. uh one of the most nuclear armed powers on planet most nuclear armed powers on planet most nuclear armed powers on planet Earth. And so we're living in a time Earth. And so we're living in a time Earth. And so we're living in a time where people think no one's ever going where people think no one's ever going where people think no one's ever going to use a nuclear weapon. I don't know to use a nuclear weapon. I don't know to use a nuclear weapon. I don't know that that's the wise approach. I think that that's the wise approach. I think that that's the wise approach. I think people should be very thoughtful about people should be very thoughtful about people should be very thoughtful about backing a nuclear power into a corner. backing a nuclear power into a corner. backing a nuclear power into a corner. >> Interesting. We we'll monitor and see. >> Interesting. We we'll monitor and see. >> Interesting. We we'll monitor and see. Um let's move on to our Ky trade of the Um let's move on to our Ky trade of the Um let's move on to our Ky trade of the week. This is based off of the week. This is based off of the week. This is based off of the California billionaire wealth tax. It California billionaire wealth tax. It California billionaire wealth tax. It jumped up 15 points at an 18% chance and jumped up 15 points at an 18% chance and jumped up 15 points at an 18% chance and now it's polling at 36. I lied. It's an now it's polling at 36. I lied. It's an now it's polling at 36. I lied. It's an 18% uh jump and that is on the backs of 18% uh jump and that is on the backs of 18% uh jump and that is on the backs of Gavin Newsome's video. He said he's not Gavin Newsome's video. He said he's not Gavin Newsome's video. He said he's not going to vote for it, but he thinks that going to vote for it, but he thinks that going to vote for it, but he thinks that everybody should be allowed to vote for everybody should be allowed to vote for everybody should be allowed to vote for it. It seems very strain the line. I it. It seems very strain the line. I it. It seems very strain the line. I want to appease my base without angering want to appease my base without angering want to appease my base without angering the rich billionaires who are funding the rich billionaires who are funding the rich billionaires who are funding me. Um, me. Um, me. Um, >> welcome to political [ __ ] Like this >> welcome to political [ __ ] Like this >> welcome to political [ __ ] Like this stuff winds me up. stuff winds me up. stuff winds me up. >> 101. Um, I know we have the Chimov take >> 101. Um, I know we have the Chimov take >> 101. Um, I know we have the Chimov take uh to jump into about this, but just top uh to jump into about this, but just top uh to jump into about this, but just top level, is there anything specifically level, is there anything specifically level, is there anything specifically about the California billionaire tax, about the California billionaire tax, about the California billionaire tax, especially with where we are now, that especially with where we are now, that especially with where we are now, that you want to point out before we jump you want to point out before we jump you want to point out before we jump into that? into that? into that? >> So, the thing to understand here is I'm >> So, the thing to understand here is I'm >> So, the thing to understand here is I'm glad that you pointed out you've got a glad that you pointed out you've got a glad that you pointed out you've got a politician who is telling you one thing, politician who is telling you one thing, politician who is telling you one thing, but making sure that the bill still goes but making sure that the bill still goes but making sure that the bill still goes forward. He's saying, "Look, this isn't forward. He's saying, "Look, this isn't forward. He's saying, "Look, this isn't a great idea. I'm probably not going to a great idea. I'm probably not going to a great idea. I'm probably not going to vote for it, but I think everybody vote for it, but I think everybody vote for it, but I think everybody should have the right to vote for it. should have the right to vote for it. should have the right to vote for it. And the reason that he's doing that is And the reason that he's doing that is And the reason that he's doing that is this is a guy who is trying to find a this is a guy who is trying to find a this is a guy who is trying to find a way to appease a growing radical base on way to appease a growing radical base on way to appease a growing radical base on the left and is still trying to become the left and is still trying to become the left and is still trying to become the president to that radical base on the president to that radical base on the president to that radical base on the left in 2028. So, if you want a the left in 2028. So, if you want a the left in 2028. So, if you want a glimpse into what politics are going to glimpse into what politics are going to glimpse into what politics are going to look like on behalf of the Democratic look like on behalf of the Democratic look like on behalf of the Democratic party, it's going to be this. They're party, it's going to be this. They're party, it's going to be this. They're trying to signal to the fundraising part trying to signal to the fundraising part trying to signal to the fundraising part of their base, which will give them the of their base, which will give them the of their base, which will give them the millions and millions of dollars that millions and millions of dollars that millions and millions of dollars that they're going to need to work against a they're going to need to work against a they're going to need to work against a very well-unded Republican party. So, very well-unded Republican party. So, very well-unded Republican party. So, the Democrat party has done a terrible the Democrat party has done a terrible the Democrat party has done a terrible job of um working with their big donors. job of um working with their big donors. job of um working with their big donors. So, that's what you're seeing in the So, that's what you're seeing in the So, that's what you're seeing in the rise of Nuome as a national candidate. rise of Nuome as a national candidate. rise of Nuome as a national candidate. He's got to walk that line now because He's got to walk that line now because He's got to walk that line now because they have to appeal to the radical base. they have to appeal to the radical base. they have to appeal to the radical base. You're going to see once they get into You're going to see once they get into You're going to see once they get into office, they're going to try to be office, they're going to try to be office, they're going to try to be normies as they march towards the normies as they march towards the normies as they march towards the election and then just like Biden before election and then just like Biden before election and then just like Biden before them, they're going to push farther and them, they're going to push farther and them, they're going to push farther and farther left. It's where the energy is farther left. It's where the energy is farther left. It's where the energy is in the party. Now, why does that matter? in the party. Now, why does that matter? in the party. Now, why does that matter? It matters because for instance, if you It matters because for instance, if you It matters because for instance, if you believe that billionaires are the reason believe that billionaires are the reason believe that billionaires are the reason that the economy is broken, the thing that the economy is broken, the thing that the economy is broken, the thing you have to understand is that if that you have to understand is that if that you have to understand is that if that is true, they will have done it is true, they will have done it is true, they will have done it mechanistically. Okay? So, as everybody mechanistically. Okay? So, as everybody mechanistically. Okay? So, as everybody maps all of this out, if we're going to maps all of this out, if we're going to maps all of this out, if we're going to say billionaires bad guy, then walk say billionaires bad guy, then walk say billionaires bad guy, then walk through the mechanisms that they have through the mechanisms that they have through the mechanisms that they have used to abuse the economy. And you will used to abuse the economy. And you will used to abuse the economy. And you will see that the mechanisms ultimately are see that the mechanisms ultimately are see that the mechanisms ultimately are the only thing that matter. Now I have the only thing that matter. Now I have the only thing that matter. Now I have made my opinions abundantly clear on the made my opinions abundantly clear on the made my opinions abundantly clear on the mechanisms. People are going to see that mechanisms. People are going to see that mechanisms. People are going to see that the way that the billionaire class has the way that the billionaire class has the way that the billionaire class has abused the system is money and politics abused the system is money and politics abused the system is money and politics to create regulatory hurdles so that to create regulatory hurdles so that to create regulatory hurdles so that they can get a moat so that they can they can get a moat so that they can they can get a moat so that they can continue to um make sure that incumbents continue to um make sure that incumbents continue to um make sure that incumbents can't come in and knock them off their can't come in and knock them off their can't come in and knock them off their pedestal. That is where you should be pedestal. That is where you should be pedestal. That is where you should be paranoid about the quote unquote paranoid about the quote unquote paranoid about the quote unquote billionaire class. That mechanism is billionaire class. That mechanism is billionaire class. That mechanism is very real, but you can point at it. It's very real, but you can point at it. It's very real, but you can point at it. It's a mechanism. Now, what we're talking a mechanism. Now, what we're talking a mechanism. Now, what we're talking about on the radical left is also a about on the radical left is also a about on the radical left is also a mechanism. And the reason that the mechanism. And the reason that the mechanism. And the reason that the billionaire theft tax is such a bad idea billionaire theft tax is such a bad idea billionaire theft tax is such a bad idea is it will mechanistically break the is it will mechanistically break the is it will mechanistically break the economy. And we're going to get into economy. And we're going to get into economy. And we're going to get into this as we talk about what's going on in this as we talk about what's going on in this as we talk about what's going on in the heatwave going across Europe. That the heatwave going across Europe. That the heatwave going across Europe. That again, same thing. It's mechanistic. again, same thing. It's mechanistic. again, same thing. It's mechanistic. It's regulatory burden causing a It's regulatory burden causing a It's regulatory burden causing a breakdown uh of actual things on the breakdown uh of actual things on the breakdown uh of actual things on the ground that are killing people, ground that are killing people, ground that are killing people, including hospitals not being able to including hospitals not being able to including hospitals not being able to cool the rooms of somebody that's just cool the rooms of somebody that's just cool the rooms of somebody that's just gone through cardiac surgery and them gone through cardiac surgery and them gone through cardiac surgery and them having to deal with the heat stress and having to deal with the heat stress and having to deal with the heat stress and that causing additional excess that causing additional excess that causing additional excess mortality. So mechanisms as far as the mortality. So mechanisms as far as the mortality. So mechanisms as far as the eye can see. So as you think about the eye can see. So as you think about the eye can see. So as you think about the billionaire theft tax, think about what billionaire theft tax, think about what billionaire theft tax, think about what is the mechanism that's going to be at is the mechanism that's going to be at is the mechanism that's going to be at play here. And the mechanism that's play here. And the mechanism that's play here. And the mechanism that's going to be at play here is in a country going to be at play here is in a country going to be at play here is in a country where people can leave one state and go where people can leave one state and go where people can leave one state and go to another, you're going to create a to another, you're going to create a to another, you're going to create a hole in the tax base. So the very thing hole in the tax base. So the very thing hole in the tax base. So the very thing that you're supposed to believe is that you're supposed to believe is that you're supposed to believe is what's driving for this tax, which is, what's driving for this tax, which is, what's driving for this tax, which is, hey, we want to make sure that we have hey, we want to make sure that we have hey, we want to make sure that we have the tax base to help the people in need. the tax base to help the people in need. the tax base to help the people in need. Okay, that is the propaganda that you're Okay, that is the propaganda that you're Okay, that is the propaganda that you're being sold about why you should be doing being sold about why you should be doing being sold about why you should be doing a billionaire uh theft tax is that hey, a billionaire uh theft tax is that hey, a billionaire uh theft tax is that hey, this is a one-time tax. Remember, they this is a one-time tax. Remember, they this is a one-time tax. Remember, they keep saying that this is a one-time tax. keep saying that this is a one-time tax. keep saying that this is a one-time tax. It's only on billionaires. It's to make It's only on billionaires. It's to make It's only on billionaires. It's to make sure that we short budget shortfalls. sure that we short budget shortfalls. sure that we short budget shortfalls. Now, the mechanistic effect of that is Now, the mechanistic effect of that is Now, the mechanistic effect of that is billionaires are already leaving, billionaires are already leaving, billionaires are already leaving, creating a bigger gap. So, the creating a bigger gap. So, the creating a bigger gap. So, the billionaires accounted for about $2 billionaires accounted for about $2 billionaires accounted for about $2 trillion in uh taxable dollars that they trillion in uh taxable dollars that they trillion in uh taxable dollars that they could conceivably get from them, but could conceivably get from them, but could conceivably get from them, but given how many have already left, that given how many have already left, that given how many have already left, that number's already dropped to at least a number's already dropped to at least a number's already dropped to at least a trillion. So, it's cut in half. Those trillion. So, it's cut in half. Those trillion. So, it's cut in half. Those are the ones that have already left, are the ones that have already left, are the ones that have already left, right? They've already left at least right? They've already left at least right? They've already left at least lost at least one of the founders of lost at least one of the founders of lost at least one of the founders of Google uh and a bunch of other people Google uh and a bunch of other people Google uh and a bunch of other people that have gone to either Texas or um that have gone to either Texas or um that have gone to either Texas or um Florida. And so you're already seeing Florida. And so you're already seeing Florida. And so you're already seeing now something that's going to play out now something that's going to play out now something that's going to play out over time as a widening hole in the over time as a widening hole in the over time as a widening hole in the California uh tax base. Now if this California uh tax base. Now if this California uh tax base. Now if this actually goes through, do you think more actually goes through, do you think more actually goes through, do you think more or less people are going to leave? Now or less people are going to leave? Now or less people are going to leave? Now the answer is obvious more people are the answer is obvious more people are the answer is obvious more people are going to leave and it then becomes a going to leave and it then becomes a going to leave and it then becomes a question of well this was only going to question of well this was only going to question of well this was only going to be one time anyway. So project out and be one time anyway. So project out and be one time anyway. So project out and what becomes the problem because you get what becomes the problem because you get what becomes the problem because you get a one-time lump of money that they're a one-time lump of money that they're a one-time lump of money that they're going to spend very rapidly because all going to spend very rapidly because all going to spend very rapidly because all the numbers they ever give you about the numbers they ever give you about the numbers they ever give you about what they could fund with this those are what they could fund with this those are what they could fund with this those are assuming one year. Okay? They don't assuming one year. Okay? They don't assuming one year. Okay? They don't assume forever years. So what ends up assume forever years. So what ends up assume forever years. So what ends up starting as a billionaire wealth tax starting as a billionaire wealth tax starting as a billionaire wealth tax becomes well first of all by doing this becomes well first of all by doing this becomes well first of all by doing this we sent a bunch of billionaires away. we sent a bunch of billionaires away. we sent a bunch of billionaires away. That created its own problem because now That created its own problem because now That created its own problem because now we're taking in less money. So now we're we're taking in less money. So now we're we're taking in less money. So now we're going to have to drop down a rung and going to have to drop down a rung and going to have to drop down a rung and we're going to collect this supposedly we're going to collect this supposedly we're going to collect this supposedly one-time tax again from a wider tax base one-time tax again from a wider tax base one-time tax again from a wider tax base because well these greedy billionaires because well these greedy billionaires because well these greedy billionaires fled which by the way they're going to fled which by the way they're going to fled which by the way they're going to litigate till the end of time because it litigate till the end of time because it litigate till the end of time because it is unconstitutional but setting that is unconstitutional but setting that is unconstitutional but setting that aside. So now you've got we've had to go aside. So now you've got we've had to go aside. So now you've got we've had to go wider and now what happens to that next wider and now what happens to that next wider and now what happens to that next group of people they're also some group of people they're also some group of people they're also some percentage they won't all leave but some percentage they won't all leave but some percentage they won't all leave but some percentage of them will leave myself percentage of them will leave myself percentage of them will leave myself included and I will go somewhere else included and I will go somewhere else included and I will go somewhere else whatever that means. uh I won't want to whatever that means. uh I won't want to whatever that means. uh I won't want to do it by any stretch of the imagination, do it by any stretch of the imagination, do it by any stretch of the imagination, but I absolutely will. So, you're going but I absolutely will. So, you're going but I absolutely will. So, you're going to have another hole open up there, and to have another hole open up there, and to have another hole open up there, and you will eventually hit an inability to you will eventually hit an inability to you will eventually hit an inability to pay for the services in your state, and pay for the services in your state, and pay for the services in your state, and that will force them to rebound off the that will force them to rebound off the that will force them to rebound off the bottom, or I mean, they'll they'll bottom, or I mean, they'll they'll bottom, or I mean, they'll they'll either just go into um failed state, either just go into um failed state, either just go into um failed state, become the next uh Michigan, where become the next uh Michigan, where become the next uh Michigan, where you're just you've lost the only you're just you've lost the only you're just you've lost the only industry that was propping you up. uh industry that was propping you up. uh industry that was propping you up. uh which I suppose is possible and people which I suppose is possible and people which I suppose is possible and people can stay crazy for a very long time but can stay crazy for a very long time but can stay crazy for a very long time but you will find California finding itself you will find California finding itself you will find California finding itself in a position of potentially going in a position of potentially going in a position of potentially going bankrupt uh which is a very real thing. bankrupt uh which is a very real thing. bankrupt uh which is a very real thing. So yeah it it is nightmare scenario for So yeah it it is nightmare scenario for So yeah it it is nightmare scenario for California because the radical left is California because the radical left is California because the radical left is not able to map the mechanisms by which not able to map the mechanisms by which not able to map the mechanisms by which all of the economy works and because of all of the economy works and because of all of the economy works and because of that they are doing things that are that they are doing things that are that they are doing things that are detrimental to the economy. Now, in the detrimental to the economy. Now, in the detrimental to the economy. Now, in the face of that, I think it reveals much face of that, I think it reveals much face of that, I think it reveals much less about the mechanisms of the economy less about the mechanisms of the economy less about the mechanisms of the economy and more about the fact that all of this and more about the fact that all of this and more about the fact that all of this talk about this is really about shoring talk about this is really about shoring talk about this is really about shoring up the tax base, uh, that's just up the tax base, uh, that's just up the tax base, uh, that's just propaganda. That isn't what's really propaganda. That isn't what's really propaganda. That isn't what's really happening. What California is doing as a happening. What California is doing as a happening. What California is doing as a representative of the radical left is representative of the radical left is representative of the radical left is entirely about resentment. It is about entirely about resentment. It is about entirely about resentment. It is about punishing the billionaire class. And punishing the billionaire class. And punishing the billionaire class. And that's why when Nuome is talking about that's why when Nuome is talking about that's why when Nuome is talking about we need to reset the economy, you can we need to reset the economy, you can we need to reset the economy, you can just know on its face that's an absurd just know on its face that's an absurd just know on its face that's an absurd lie. Because if you're trying to reset lie. Because if you're trying to reset lie. Because if you're trying to reset the economy by a quote unquote one-time the economy by a quote unquote one-time the economy by a quote unquote one-time tax on billionaires, uh what you're tax on billionaires, uh what you're tax on billionaires, uh what you're going to end up doing is realizing that going to end up doing is realizing that going to end up doing is realizing that you're going to get some money. You're you're going to get some money. You're you're going to get some money. You're going to send some people fleeing. going to send some people fleeing. going to send some people fleeing. You're going to hurt your tax base You're going to hurt your tax base You're going to hurt your tax base overall. You'll take in less money, but overall. You'll take in less money, but overall. You'll take in less money, but you will have been punitive. And that is you will have been punitive. And that is you will have been punitive. And that is what is really going on. This is meant what is really going on. This is meant what is really going on. This is meant to be a punishment tax. And once you to be a punishment tax. And once you to be a punishment tax. And once you realize that the radical left is driven realize that the radical left is driven realize that the radical left is driven by resentment and jealousy, then all of by resentment and jealousy, then all of by resentment and jealousy, then all of a sudden everything that they're doing a sudden everything that they're doing a sudden everything that they're doing makes a lot of sense. And this is makes a lot of sense. And this is makes a lot of sense. And this is exactly again we've seen this ideology exactly again we've seen this ideology exactly again we've seen this ideology play out in many places around the play out in many places around the play out in many places around the world. And it's easy to predict when you world. And it's easy to predict when you world. And it's easy to predict when you map it as resentment. It's impossibly uh map it as resentment. It's impossibly uh map it as resentment. It's impossibly uh convoluted when you try to map it as convoluted when you try to map it as convoluted when you try to map it as actually logical policy from an economic actually logical policy from an economic actually logical policy from an economic standpoint because it doesn't work out. standpoint because it doesn't work out. standpoint because it doesn't work out. It's never worked out historically. You It's never worked out historically. You It's never worked out historically. You can point to the mechanisms by which it can point to the mechanisms by which it can point to the mechanisms by which it doesn't work out. So, um only resentment doesn't work out. So, um only resentment doesn't work out. So, um only resentment will make this all make sense. will make this all make sense. will make this all make sense. >> Um can we steal the other argument? Cuz >> Um can we steal the other argument? Cuz >> Um can we steal the other argument? Cuz I want to make sure that we're not I want to make sure that we're not I want to make sure that we're not minimizing people's grievances by just minimizing people's grievances by just minimizing people's grievances by just saying you're jealous of me. So, let's saying you're jealous of me. So, let's saying you're jealous of me. So, let's steal it so that way they know that you steal it so that way they know that you steal it so that way they know that you see them and then you're still choosing see them and then you're still choosing see them and then you're still choosing to use those words. to use those words. to use those words. >> Okay. So, um I'm going to I'm going to >> Okay. So, um I'm going to I'm going to >> Okay. So, um I'm going to I'm going to plant the more controversial flag and plant the more controversial flag and plant the more controversial flag and I'll say this. I'll say this. I'll say this. >> Mhm. >> Mhm. >> Mhm. >> If you're on the radical left and you >> If you're on the radical left and you >> If you're on the radical left and you want a um tax on billionaire wealth, the want a um tax on billionaire wealth, the want a um tax on billionaire wealth, the only way to see you to to actually like only way to see you to to actually like only way to see you to to actually like get inside your theory of mind is get inside your theory of mind is get inside your theory of mind is ignorance or malevolence. That's it. ignorance or malevolence. That's it. ignorance or malevolence. That's it. Because it doesn't work. history bears Because it doesn't work. history bears Because it doesn't work. history bears this out a thousand different ways. So, this out a thousand different ways. So, this out a thousand different ways. So, it doesn't work. It isn't what the it doesn't work. It isn't what the it doesn't work. It isn't what the Nordic countries are doing. Uh I forget Nordic countries are doing. Uh I forget Nordic countries are doing. Uh I forget it's like 70% of all countries that have it's like 70% of all countries that have it's like 70% of all countries that have instituted a wealth tax have rescended instituted a wealth tax have rescended instituted a wealth tax have rescended them because they don't work. You can them because they don't work. You can them because they don't work. You can expect the other ones to do the same on expect the other ones to do the same on expect the other ones to do the same on a long enough timeline. So, it's like a long enough timeline. So, it's like a long enough timeline. So, it's like again, so it's either ignorance or again, so it's either ignorance or again, so it's either ignorance or malevolence. The malevolence being I malevolence. The malevolence being I malevolence. The malevolence being I just want to punish people. I'm caught just want to punish people. I'm caught just want to punish people. I'm caught up in my emotions. All of that. Now, I up in my emotions. All of that. Now, I up in my emotions. All of that. Now, I can give you the rhetoric that people can give you the rhetoric that people can give you the rhetoric that people are saying. they are mismapping what has are saying. they are mismapping what has are saying. they are mismapping what has actually broken the economy. So um I actually broken the economy. So um I actually broken the economy. So um I will say all the words that they say to will say all the words that they say to will say all the words that they say to show you that I can repeat the show you that I can repeat the show you that I can repeat the propaganda. Uh so it goes like this propaganda. Uh so it goes like this propaganda. Uh so it goes like this directly quoting AOC. There is no way to directly quoting AOC. There is no way to directly quoting AOC. There is no way to generate a billion dollars in net worth generate a billion dollars in net worth generate a billion dollars in net worth without doing something illegal. And it without doing something illegal. And it without doing something illegal. And it is absolutely grotesque that these is absolutely grotesque that these is absolutely grotesque that these greedy people are amassing this insane greedy people are amassing this insane greedy people are amassing this insane wealth while the rest of us are wealth while the rest of us are wealth while the rest of us are struggling to um afford things. We're in struggling to um afford things. We're in struggling to um afford things. We're in the middle of an affordability crisis. the middle of an affordability crisis. the middle of an affordability crisis. And by the way, we are in the middle of And by the way, we are in the middle of And by the way, we are in the middle of an affordability crisis. You absolutely an affordability crisis. You absolutely an affordability crisis. You absolutely can track what's going on with the can track what's going on with the can track what's going on with the K-shaped economy mechanistically to K-shaped economy mechanistically to K-shaped economy mechanistically to figure out how this has happened. Uh and figure out how this has happened. Uh and figure out how this has happened. Uh and so it's very possible that they just do so it's very possible that they just do so it's very possible that they just do not understand the economy and so they not understand the economy and so they not understand the economy and so they look at the fact that housing prices are look at the fact that housing prices are look at the fact that housing prices are getting completely out of control and getting completely out of control and getting completely out of control and they say I can't afford a house, they say I can't afford a house, they say I can't afford a house, American dream is dead and I can look at American dream is dead and I can look at American dream is dead and I can look at these other people who while I can't these other people who while I can't these other people who while I can't afford a house, they can afford mega afford a house, they can afford mega afford a house, they can afford mega yachts. Um, I'm looking at the um what yachts. Um, I'm looking at the um what yachts. Um, I'm looking at the um what they'll call the Epstein class donating they'll call the Epstein class donating they'll call the Epstein class donating obscene amounts of money to um obscene amounts of money to um obscene amounts of money to um manipulate politicians. And by the way, manipulate politicians. And by the way, manipulate politicians. And by the way, they're right about that. And I get the they're right about that. And I get the they're right about that. And I get the emotional trauma of watching wealthy emotional trauma of watching wealthy emotional trauma of watching wealthy people throw money around politics and people throw money around politics and people throw money around politics and manipulate the game, watching things manipulate the game, watching things manipulate the game, watching things become unaffordable. Um being getting no become unaffordable. Um being getting no become unaffordable. Um being getting no education whatsoever around asset education whatsoever around asset education whatsoever around asset ownership, which if you're going to ownership, which if you're going to ownership, which if you're going to allow a central bank is the only thing allow a central bank is the only thing allow a central bank is the only thing that matters. Um, and that matters. Um, and that matters. Um, and I also see Well, okay. So, I also see Well, okay. So, I also see Well, okay. So, do you feel seen yet or do you think do you feel seen yet or do you think do you feel seen yet or do you think people running that argument feel seen people running that argument feel seen people running that argument feel seen yet from a they don't like my emotion yet from a they don't like my emotion yet from a they don't like my emotion around it? That I totally understand. around it? That I totally understand. around it? That I totally understand. But have I said the um things that But have I said the um things that But have I said the um things that make it clear that I recognize the parts make it clear that I recognize the parts make it clear that I recognize the parts that are broken? Um, the people in the that are broken? Um, the people in the that are broken? Um, the people in the chat do not believe you have. chat do not believe you have. chat do not believe you have. >> No, no, no. What now I need, this is >> No, no, no. What now I need, this is >> No, no, no. What now I need, this is where where where >> this is me. You're asking. >> this is me. You're asking. >> this is me. You're asking. >> No, no. Okay. I'm asking you on behalf >> No, no. Okay. I'm asking you on behalf >> No, no. Okay. I'm asking you on behalf of what Chad is saying. But here's what of what Chad is saying. But here's what of what Chad is saying. But here's what I have found. Every time I audit chat I have found. Every time I audit chat I have found. Every time I audit chat >> is they will say he doesn't get it. He's >> is they will say he doesn't get it. He's >> is they will say he doesn't get it. He's in his ivory tower. But they won't give in his ivory tower. But they won't give in his ivory tower. But they won't give me an argument. So what is the actual me an argument. So what is the actual me an argument. So what is the actual thing that I'm missing where they're thing that I'm missing where they're thing that I'm missing where they're like, "No, no, no. But you don't like, "No, no, no. But you don't like, "No, no, no. But you don't understand that bread costs $7 or you understand that bread costs $7 or you understand that bread costs $7 or you don't understand that gas cost." like don't understand that gas cost." like don't understand that gas cost." like I'll say all the words so they I'll say all the words so they I'll say all the words so they understand I see it all but where we're understand I see it all but where we're understand I see it all but where we're going to disagree is it's going to come going to disagree is it's going to come going to disagree is it's going to come back to they don't understand the back to they don't understand the back to they don't understand the mechanisms mechanisms mechanisms >> or they really just are in their >> or they really just are in their >> or they really just are in their feelings. feelings. feelings. >> Um okay so you know how when we talk >> Um okay so you know how when we talk >> Um okay so you know how when we talk about like immigration we talk about the about like immigration we talk about the about like immigration we talk about the >> we're going to do analogy give me the >> we're going to do analogy give me the >> we're going to do analogy give me the actual arguments that they're making. actual arguments that they're making. actual arguments that they're making. Um, you are thinking that the Um, you are thinking that the Um, you are thinking that the billionaire class is taking similar billionaire class is taking similar billionaire class is taking similar routes that you took when you grew your routes that you took when you grew your routes that you took when you grew your company and there are people that don't company and there are people that don't company and there are people that don't take those similar routes. There are take those similar routes. There are take those similar routes. There are people that can pay more and choose not people that can pay more and choose not people that can pay more and choose not to pay more. There are people that can to pay more. There are people that can to pay more. There are people that can invest in their employees and choose not invest in their employees and choose not invest in their employees and choose not to invest. to invest. to invest. >> Correct. Correct. There are people that >> Correct. Correct. There are people that >> Correct. Correct. There are people that would rather buy a yacht than they would would rather buy a yacht than they would would rather buy a yacht than they would uh elevate the people behind them. Yep. uh elevate the people behind them. Yep. uh elevate the people behind them. Yep. >> SpaceX 4,000 millionaires be high five >> SpaceX 4,000 millionaires be high five >> SpaceX 4,000 millionaires be high five that. That's great. that. That's great. that. That's great. >> Okay. So, really fast, just so I can >> Okay. So, really fast, just so I can >> Okay. So, really fast, just so I can make sure that when I sum up their make sure that when I sum up their make sure that when I sum up their points that I'm hitting uh the really points that I'm hitting uh the really points that I'm hitting uh the really important ones, this is a great one. Um, important ones, this is a great one. Um, important ones, this is a great one. Um, okay. So, one thing that I did not okay. So, one thing that I did not okay. So, one thing that I did not expressly cover just now, though, I expressly cover just now, though, I expressly cover just now, though, I totally agree. Uh, but again, comes back totally agree. Uh, but again, comes back totally agree. Uh, but again, comes back to they just don't understand the to they just don't understand the to they just don't understand the economy. But, uh, what they're saying economy. But, uh, what they're saying economy. But, uh, what they're saying is, listen, man, in a time where, um, is, listen, man, in a time where, um, is, listen, man, in a time where, um, Walmart is posting record profits or Walmart is posting record profits or Walmart is posting record profits or Exxon is posting record profits or Exxon is posting record profits or Exxon is posting record profits or insert your favorite company here is insert your favorite company here is insert your favorite company here is posting record profits, um, these posting record profits, um, these posting record profits, um, these [ __ ] still aren't paying their [ __ ] still aren't paying their [ __ ] still aren't paying their employees a living wage. employees a living wage. employees a living wage. They could, they're choosing not to. They could, they're choosing not to. They could, they're choosing not to. They would rather be on their mega odds. They would rather be on their mega odds. They would rather be on their mega odds. >> Um, yes. I would just say profit and >> Um, yes. I would just say profit and >> Um, yes. I would just say profit and productivity is not catching up with productivity is not catching up with productivity is not catching up with wages. wages. wages. >> Okay. So, the decoupling between >> Okay. So, the decoupling between >> Okay. So, the decoupling between productivity and uh workers wages that productivity and uh workers wages that productivity and uh workers wages that Tom is a mechanism. [ __ ] you. I'm being Tom is a mechanism. [ __ ] you. I'm being Tom is a mechanism. [ __ ] you. I'm being very clear with my argument that has very clear with my argument that has very clear with my argument that has broken and you're you're just running broken and you're you're just running broken and you're you're just running cover for these billionaires by not cover for these billionaires by not cover for these billionaires by not pointing that out. even though you've pointing that out. even though you've pointing that out. even though you've pointed it out many times before, but pointed it out many times before, but pointed it out many times before, but like right now like right now like right now >> in this thing, yeah, you're think you're >> in this thing, yeah, you're think you're >> in this thing, yeah, you're think you're minimizing it to you're just jealous minimizing it to you're just jealous minimizing it to you're just jealous because you are an unproductive citizen because you are an unproductive citizen because you are an unproductive citizen as opposed to saying there are as opposed to saying there are as opposed to saying there are mechanisms that the billionaire class mechanisms that the billionaire class mechanisms that the billionaire class has decided not to maintain that were has decided not to maintain that were has decided not to maintain that were maintained in the previous. maintained in the previous. maintained in the previous. >> Okay, perfect. Very glad that we're >> Okay, perfect. Very glad that we're >> Okay, perfect. Very glad that we're saying that out loud. Again, I have saying that out loud. Again, I have saying that out loud. Again, I have addressed this before in the past, but addressed this before in the past, but addressed this before in the past, but yes, very important to address now. So, yes, very important to address now. So, yes, very important to address now. So, that's still they don't understand the that's still they don't understand the that's still they don't understand the mechanisms, which we'll talk about. mechanisms, which we'll talk about. mechanisms, which we'll talk about. >> We address the Iran war time, so we >> We address the Iran war time, so we >> We address the Iran war time, so we should, you know. should, you know. should, you know. >> Yeah. Yeah. Oh, you're so right. You're >> Yeah. Yeah. Oh, you're so right. You're >> Yeah. Yeah. Oh, you're so right. You're so right. You're so right. You're so so right. You're so right. You're so so right. You're so right. You're so right. You're so right. Totally agree right. You're so right. Totally agree right. You're so right. Totally agree with that. Okay, with that. Okay, with that. Okay, >> that one's important. We'll get to that. >> that one's important. We'll get to that. >> that one's important. We'll get to that. But that still does fall into that first But that still does fall into that first But that still does fall into that first bucket. They just don't understand. But bucket. They just don't understand. But bucket. They just don't understand. But keep going. keep going. keep going. >> Or was that the only one that I missed? >> Or was that the only one that I missed? >> Or was that the only one that I missed? >> I want to get exhaustive where it's >> I want to get exhaustive where it's >> I want to get exhaustive where it's like, okay, we've laid it all out. So like, okay, we've laid it all out. So like, okay, we've laid it all out. So now, now, now, >> okay, if I show you, I give you um >> okay, if I show you, I give you um >> okay, if I show you, I give you um >> the percent that of taxes that we pay >> the percent that of taxes that we pay >> the percent that of taxes that we pay into a system does not match the into a system does not match the into a system does not match the percentages of taxes that other people percentages of taxes that other people percentages of taxes that other people pay into a system. pay into a system. pay into a system. >> Sorry, can you be more specific? Who are >> Sorry, can you be more specific? Who are >> Sorry, can you be more specific? Who are the we and the other people? the we and the other people? the we and the other people? >> Um people that the progressive tax that >> Um people that the progressive tax that >> Um people that the progressive tax that happens. So for example, if a person happens. So for example, if a person happens. So for example, if a person makes under I want to say 85 or 83, I makes under I want to say 85 or 83, I makes under I want to say 85 or 83, I don't know what the new number is, they don't know what the new number is, they don't know what the new number is, they pay 30% of their um income into social pay 30% of their um income into social pay 30% of their um income into social security. Yep. security. Yep. security. Yep. >> A social security that might not be >> A social security that might not be >> A social security that might not be there by the time they retire. And then there by the time they retire. And then there by the time they retire. And then you have millionaires um who they pay or you have millionaires um who they pay or you have millionaires um who they pay or not millionaires a 10 million. not millionaires a 10 million. not millionaires a 10 million. >> So the percentage of tax they pay.1% of >> So the percentage of tax they pay.1% of >> So the percentage of tax they pay.1% of their income when they into social their income when they into social their income when they into social security. And I understand that.1% of 10 security. And I understand that.1% of 10 security. And I understand that.1% of 10 million is more than 30% of 80,000. million is more than 30% of 80,000. million is more than 30% of 80,000. >> Yeah. But as a percentage that doesn't >> Yeah. But as a percentage that doesn't >> Yeah. But as a percentage that doesn't >> Yeah. They have that ability. >> Yeah. They have that ability. >> Yeah. They have that ability. >> That doesn't feel good. >> That doesn't feel good. >> That doesn't feel good. >> Yeah. We're paying a higher percent cuz >> Yeah. We're paying a higher percent cuz >> Yeah. We're paying a higher percent cuz we need that 30% versus them. They don't we need that 30% versus them. They don't we need that 30% versus them. They don't need that.1. need that.1. need that.1. >> Yep. So cool. Again, >> Yep. So cool. Again, >> Yep. So cool. Again, >> are is that exhaustive? >> are is that exhaustive? >> are is that exhaustive? >> That would be the second thing I can >> That would be the second thing I can >> That would be the second thing I can think of. Uh let me scroll through the think of. Uh let me scroll through the think of. Uh let me scroll through the chat. So are you getting these all of chat. So are you getting these all of chat. So are you getting these all of them or them or them or >> Yeah. Yeah. Yeah. The reason that >> Yeah. Yeah. Yeah. The reason that >> Yeah. Yeah. Yeah. The reason that >> while you're addressing the first two, I >> while you're addressing the first two, I >> while you're addressing the first two, I can then look for if there's a can then look for if there's a can then look for if there's a >> perfect. So the reason that I want to >> perfect. So the reason that I want to >> perfect. So the reason that I want to get all of these out is all of the get all of these out is all of the get all of these out is all of the problems that we can identify will have problems that we can identify will have problems that we can identify will have a mechanistic solution. Right? So either a mechanistic solution. Right? So either a mechanistic solution. Right? So either they don't matter and therefore there they don't matter and therefore there they don't matter and therefore there won't be anything to address. meaning won't be anything to address. meaning won't be anything to address. meaning they don't matter in that they don't they don't matter in that they don't they don't matter in that they don't actually affect the economy or they do actually affect the economy or they do actually affect the economy or they do affect the economy and now there is a affect the economy and now there is a affect the economy and now there is a meaningful mechanistic way forward. And meaningful mechanistic way forward. And meaningful mechanistic way forward. And so what my whole thesis is this anybody so what my whole thesis is this anybody so what my whole thesis is this anybody who's angry about the economy is so who's angry about the economy is so who's angry about the economy is so right. you should be furious about the right. you should be furious about the right. you should be furious about the economy. And then my hope is that I can economy. And then my hope is that I can economy. And then my hope is that I can help translate that into a set of help translate that into a set of help translate that into a set of policies that we can pursue that will policies that we can pursue that will policies that we can pursue that will actually remedy the economy. The problem actually remedy the economy. The problem actually remedy the economy. The problem is we're in a populist moment and people is we're in a populist moment and people is we're in a populist moment and people transmute that anxiety around the transmute that anxiety around the transmute that anxiety around the economy into rage and then they aim that economy into rage and then they aim that economy into rage and then they aim that rage at something right now from a where rage at something right now from a where rage at something right now from a where is the biggest ground swell they aim it is the biggest ground swell they aim it is the biggest ground swell they aim it into socialist policies. Uh and by into socialist policies. Uh and by into socialist policies. Uh and by aiming it at socialist policies they aiming it at socialist policies they aiming it at socialist policies they will further break the very thing that's will further break the very thing that's will further break the very thing that's creating that anxiety. And so I'm really creating that anxiety. And so I'm really creating that anxiety. And so I'm really trying to help us avoid that trying to help us avoid that trying to help us avoid that catastrophe. catastrophe. catastrophe. So I want to make sure that you guys see So I want to make sure that you guys see So I want to make sure that you guys see I see all the things that you see. I get I see all the things that you see. I get I see all the things that you see. I get it. However, we've got to be very it. However, we've got to be very it. However, we've got to be very careful about mapping it. Okay. So let's careful about mapping it. Okay. So let's careful about mapping it. Okay. So let's take them one by one. So the big one take them one by one. So the big one take them one by one. So the big one that I missed in the beginning though that I missed in the beginning though that I missed in the beginning though this is something I think a lot about is this is something I think a lot about is this is something I think a lot about is the breakdown between capturing the the breakdown between capturing the the breakdown between capturing the productivity versus the amount that are productivity versus the amount that are productivity versus the amount that are going into wages. Okay. So what you guys going into wages. Okay. So what you guys going into wages. Okay. So what you guys are putting forward is um you've got are putting forward is um you've got are putting forward is um you've got these greedy billionaire class. They these greedy billionaire class. They these greedy billionaire class. They could pay more. They choose not to. And could pay more. They choose not to. And could pay more. They choose not to. And this is exactly how they're f fueling this is exactly how they're f fueling this is exactly how they're f fueling their wealth. What I want everybody to their wealth. What I want everybody to their wealth. What I want everybody to understand is you're never going to understand is you're never going to understand is you're never going to solve that problem by doing taxes, okay? solve that problem by doing taxes, okay? solve that problem by doing taxes, okay? That it it won't work out. Partly That it it won't work out. Partly That it it won't work out. Partly because they'll find very clever ways because they'll find very clever ways because they'll find very clever ways around it. And I get why that's around it. And I get why that's around it. And I get why that's emotionally enraging. Um but also emotionally enraging. Um but also emotionally enraging. Um but also because what you end up doing is you because what you end up doing is you because what you end up doing is you shut off or dull down the productive shut off or dull down the productive shut off or dull down the productive class. And so if you disincentivize class. And so if you disincentivize class. And so if you disincentivize people's ability to win, and I get people's ability to win, and I get people's ability to win, and I get people don't like that this is true, but people don't like that this is true, but people don't like that this is true, but when you disincentivize or make it just when you disincentivize or make it just when you disincentivize or make it just outright impossible, which you're going outright impossible, which you're going outright impossible, which you're going to get to watch play out in New York, to get to watch play out in New York, to get to watch play out in New York, when you make it impossible for people when you make it impossible for people when you make it impossible for people to be profitable as, let's say, as they to be profitable as, let's say, as they to be profitable as, let's say, as they see fit, then they're not going to see fit, then they're not going to see fit, then they're not going to continue to take the risk because continue to take the risk because continue to take the risk because running a business is extraordinarily running a business is extraordinarily running a business is extraordinarily risky. And so um you end up breaking risky. And so um you end up breaking risky. And so um you end up breaking that engine. So insert every socialist that engine. So insert every socialist that engine. So insert every socialist country ever and you're going to see country ever and you're going to see country ever and you're going to see where that goes down. But there is a where that goes down. But there is a where that goes down. But there is a mechanistic way to ensure that that mechanistic way to ensure that that mechanistic way to ensure that that parody is closer where the worker is parody is closer where the worker is parody is closer where the worker is able to capture a much bigger portion of able to capture a much bigger portion of able to capture a much bigger portion of the productivity that they're able to the productivity that they're able to the productivity that they're able to bring. So now the question becomes what bring. So now the question becomes what bring. So now the question becomes what is that method? If it isn't tax, if it is that method? If it isn't tax, if it is that method? If it isn't tax, if it isn't being angry, how do we corral, isn't being angry, how do we corral, isn't being angry, how do we corral, excuse [clears throat] me, how do we excuse [clears throat] me, how do we excuse [clears throat] me, how do we corral the um natural tendencies of corral the um natural tendencies of corral the um natural tendencies of people to get greedy? Because, and here people to get greedy? Because, and here people to get greedy? Because, and here is something that needs to loom over all is something that needs to loom over all is something that needs to loom over all of this. Innovation is the great savior. of this. Innovation is the great savior. of this. Innovation is the great savior. It's the great savior. It is why we have It's the great savior. It is why we have It's the great savior. It is why we have the society that we have. uh think of the society that we have. uh think of the society that we have. uh think of society at its best, peak, wherever you society at its best, peak, wherever you society at its best, peak, wherever you think that was. 1950, 1960, whatever you think that was. 1950, 1960, whatever you think that was. 1950, 1960, whatever you think was peak, that was innovation. think was peak, that was innovation. think was peak, that was innovation. Okay? Innovation took us there. Then bad Okay? Innovation took us there. Then bad Okay? Innovation took us there. Then bad policy allowed innovation to um get to policy allowed innovation to um get to policy allowed innovation to um get to the point where just to stay focused on the point where just to stay focused on the point where just to stay focused on this where we break the productivity this where we break the productivity this where we break the productivity connection. So now the billionaire class connection. So now the billionaire class connection. So now the billionaire class is capturing way too much of that is capturing way too much of that is capturing way too much of that upside. So the question becomes what upside. So the question becomes what upside. So the question becomes what happened? what what policy was put in happened? what what policy was put in happened? what what policy was put in place? Now, I'm going to keep things place? Now, I'm going to keep things place? Now, I'm going to keep things simple because it is multivariate, but simple because it is multivariate, but simple because it is multivariate, but one of the biggest things is one of the biggest things is one of the biggest things is globalization. It's not the only thing, globalization. It's not the only thing, globalization. It's not the only thing, but it's one of the biggest things. What but it's one of the biggest things. What but it's one of the biggest things. What you have to do mechanistically you have to do mechanistically you have to do mechanistically if you want to make sure that workers if you want to make sure that workers if you want to make sure that workers are empowered, which by the way, that's are empowered, which by the way, that's are empowered, which by the way, that's what you want to do. You want to empower what you want to do. You want to empower what you want to do. You want to empower the worker. Okay? When the workers the worker. Okay? When the workers the worker. Okay? When the workers empowered, they're going to be able to empowered, they're going to be able to empowered, they're going to be able to negotiate better terms. They're going to negotiate better terms. They're going to negotiate better terms. They're going to be able to leverage their skill set to be able to leverage their skill set to be able to leverage their skill set to capture that upside. If if you hold on capture that upside. If if you hold on capture that upside. If if you hold on to that, that that's the mechanism. It's to that, that that's the mechanism. It's to that, that that's the mechanism. It's an empowered worker. Okay. Now, we can an empowered worker. Okay. Now, we can an empowered worker. Okay. Now, we can debate, well, is that just unions? Is it debate, well, is that just unions? Is it debate, well, is that just unions? Is it delobbalization? delobbalization? delobbalization? Uh is it tariffs, tax incentives? What Uh is it tariffs, tax incentives? What Uh is it tariffs, tax incentives? What does that look like? Or is it just does that look like? Or is it just does that look like? Or is it just taxing the billionaire class? And I will taxing the billionaire class? And I will taxing the billionaire class? And I will say that there's nothing in history that say that there's nothing in history that say that there's nothing in history that shows us that a tax on the productive shows us that a tax on the productive shows us that a tax on the productive class, the billionaire class, there's class, the billionaire class, there's class, the billionaire class, there's nothing that shows us that that empowers nothing that shows us that that empowers nothing that shows us that that empowers the worker. In fact, I will say that if the worker. In fact, I will say that if the worker. In fact, I will say that if you look historically, even just in you look historically, even just in you look historically, even just in America, that disempowers the worker America, that disempowers the worker America, that disempowers the worker further because it removes more people further because it removes more people further because it removes more people from the job market because they realize from the job market because they realize from the job market because they realize I can come with my hand out. I can just I can come with my hand out. I can just I can come with my hand out. I can just get something effectively for nothing. get something effectively for nothing. get something effectively for nothing. And now you're creating a further And now you're creating a further And now you're creating a further widening of the gap of people that are widening of the gap of people that are widening of the gap of people that are like, "No, I'm going to build. I'm going like, "No, I'm going to build. I'm going like, "No, I'm going to build. I'm going to innovate. I'm going to keep doing to innovate. I'm going to keep doing to innovate. I'm going to keep doing this thing." Okay? So that is where tax this thing." Okay? So that is where tax this thing." Okay? So that is where tax now is going to disempower the worker. now is going to disempower the worker. now is going to disempower the worker. So my thesis on that is you've got to So my thesis on that is you've got to So my thesis on that is you've got to balance the budget so that you're not balance the budget so that you're not balance the budget so that you're not doing all this crazy ass deficit doing all this crazy ass deficit doing all this crazy ass deficit spending. Even if your budget is quote spending. Even if your budget is quote spending. Even if your budget is quote unquote balanced, but is predatory to unquote balanced, but is predatory to unquote balanced, but is predatory to business, you want to cut spending. business, you want to cut spending. business, you want to cut spending. Okay, look at what they're doing in Okay, look at what they're doing in Okay, look at what they're doing in Florida. So Florida as a state has Florida. So Florida as a state has Florida. So Florida as a state has roughly the same population as uh New roughly the same population as uh New roughly the same population as uh New York City and yet their budget is York City and yet their budget is York City and yet their budget is dramatically less. So Florida has been dramatically less. So Florida has been dramatically less. So Florida has been cutting their budget and thriving. New cutting their budget and thriving. New cutting their budget and thriving. New York is rising raising their budgets and York is rising raising their budgets and York is rising raising their budgets and screaming about an affordability crisis. screaming about an affordability crisis. screaming about an affordability crisis. Okay? So just watch those two play out. Okay? So just watch those two play out. Okay? So just watch those two play out. So that's one thing that we need to be So that's one thing that we need to be So that's one thing that we need to be thinking about. So cutting the budgets, thinking about. So cutting the budgets, thinking about. So cutting the budgets, getting lean and empowering the worker. getting lean and empowering the worker. getting lean and empowering the worker. So delobalization is one big thing that So delobalization is one big thing that So delobalization is one big thing that is going to force companies to localize. is going to force companies to localize. is going to force companies to localize. So when you are forcing a business to So when you are forcing a business to So when you are forcing a business to say, well, I've got to find a way to be say, well, I've got to find a way to be say, well, I've got to find a way to be profitable here. I've got to find a way profitable here. I've got to find a way profitable here. I've got to find a way to be profitable with these workers. And to be profitable with these workers. And to be profitable with these workers. And you create an environment where you create an environment where you create an environment where employees are very mobile. They can move employees are very mobile. They can move employees are very mobile. They can move around, which by the way requires around, which by the way requires around, which by the way requires growth. So look at Japan. Japan growth. So look at Japan. Japan growth. So look at Japan. Japan stagnant, no growth. What happens to stagnant, no growth. What happens to stagnant, no growth. What happens to people? Companies to get you to stay. people? Companies to get you to stay. people? Companies to get you to stay. They say stay here. will give you a job They say stay here. will give you a job They say stay here. will give you a job for life. Sounds cool. Except for the for life. Sounds cool. Except for the for life. Sounds cool. Except for the fact that it stagnates their economy fact that it stagnates their economy fact that it stagnates their economy because when you stagnate the economy because when you stagnate the economy because when you stagnate the economy like that, you can't spur positive like that, you can't spur positive like that, you can't spur positive inflation. Jesus, this gets complicated. inflation. Jesus, this gets complicated. inflation. Jesus, this gets complicated. But it's nonetheless real. So now Japan But it's nonetheless real. So now Japan But it's nonetheless real. So now Japan shows us, [ __ ] you don't want to just shows us, [ __ ] you don't want to just shows us, [ __ ] you don't want to just like socialism this and say, get a job like socialism this and say, get a job like socialism this and say, get a job here. You're going to keep your job here. You're going to keep your job here. You're going to keep your job forever. You want growth so that an forever. You want growth so that an forever. You want growth so that an employee is like, hey, I'm a big part of employee is like, hey, I'm a big part of employee is like, hey, I'm a big part of the reason that this is growing. If you the reason that this is growing. If you the reason that this is growing. If you don't pay me what I'm worth, I know you don't pay me what I'm worth, I know you don't pay me what I'm worth, I know you can't go to another country. I know that can't go to another country. I know that can't go to another country. I know that because you listen to Tom and H1B visas because you listen to Tom and H1B visas because you listen to Tom and H1B visas now are more expensive. And so if you now are more expensive. And so if you now are more expensive. And so if you try to import foreign talent, you're try to import foreign talent, you're try to import foreign talent, you're going to pay a premium for that. And so going to pay a premium for that. And so going to pay a premium for that. And so now I know it's all eyes on us. You're now I know it's all eyes on us. You're now I know it's all eyes on us. You're trying to make sure that we're getting trying to make sure that we're getting trying to make sure that we're getting educated so that we come out of uh educated so that we come out of uh educated so that we come out of uh training, whether that's a technical training, whether that's a technical training, whether that's a technical degree or a traditional college degree degree or a traditional college degree degree or a traditional college degree that we're coming out this insanely that we're coming out this insanely that we're coming out this insanely educated populace. And now we're educated populace. And now we're educated populace. And now we're extremely valuable to you and we can go extremely valuable to you and we can go extremely valuable to you and we can go to the next company because you guys to the next company because you guys to the next company because you guys have stopped all this regulatory um have stopped all this regulatory um have stopped all this regulatory um burden [ __ ] so that people can use burden [ __ ] so that people can use burden [ __ ] so that people can use regulatory capture to stop innovation, regulatory capture to stop innovation, regulatory capture to stop innovation, to stop competition. So now all kinds of to stop competition. So now all kinds of to stop competition. So now all kinds of companies are popping up and I can leave companies are popping up and I can leave companies are popping up and I can leave at a moment's notice and I'm very good at a moment's notice and I'm very good at a moment's notice and I'm very good at my job. Okay, globalism plus that at my job. Okay, globalism plus that at my job. Okay, globalism plus that that's putting deglobalization, excuse that's putting deglobalization, excuse that's putting deglobalization, excuse me, plus that huge. Then if people want me, plus that huge. Then if people want me, plus that huge. Then if people want to put I'm not a fan, but if people want to put I'm not a fan, but if people want to put I'm not a fan, but if people want to put unions back on the table, to put unions back on the table, to put unions back on the table, awesome. Cool. Now we're empowering the awesome. Cool. Now we're empowering the awesome. Cool. Now we're empowering the worker. But empowering the worker is the worker. But empowering the worker is the worker. But empowering the worker is the mechanism. Punitive taxes do the mechanism. Punitive taxes do the mechanism. Punitive taxes do the opposite. opposite. opposite. With me? I see the same problem. I feel With me? I see the same problem. I feel With me? I see the same problem. I feel your pain. Dismpempowering the worker is your pain. Dismpempowering the worker is your pain. Dismpempowering the worker is a [ __ ] like speedrun of a [ __ ] like speedrun of a [ __ ] like speedrun of civilizational suicide. What the [ __ ] civilizational suicide. What the [ __ ] civilizational suicide. What the [ __ ] are we doing? It's so stupid. I'm just are we doing? It's so stupid. I'm just are we doing? It's so stupid. I'm just saying that the tax on a billionaire's saying that the tax on a billionaire's saying that the tax on a billionaire's wealth, remember, we're talking wealth, wealth, remember, we're talking wealth, wealth, remember, we're talking wealth, not income. Taxing a billionaire's not income. Taxing a billionaire's not income. Taxing a billionaire's wealth, does not empower the worker. wealth, does not empower the worker. wealth, does not empower the worker. Now, I don't even need you to believe me Now, I don't even need you to believe me Now, I don't even need you to believe me that it disempowers the worker, but I that it disempowers the worker, but I that it disempowers the worker, but I think it does. I think there's plenty of think it does. I think there's plenty of think it does. I think there's plenty of evidence there, but it certainly doesn't evidence there, but it certainly doesn't evidence there, but it certainly doesn't empower the worker. So, we've got to be empower the worker. So, we've got to be empower the worker. So, we've got to be saying, what do we have to do to empower saying, what do we have to do to empower saying, what do we have to do to empower the worker? Okay. So, seen, heard, felt, and if I Okay. So, seen, heard, felt, and if I take out all of my like [ __ ] tone take out all of my like [ __ ] tone take out all of my like [ __ ] tone and I just say that clocks back to the and I just say that clocks back to the and I just say that clocks back to the economy is complicated. It's not economy is complicated. It's not economy is complicated. It's not self-evident what the mechanism is. But self-evident what the mechanism is. But self-evident what the mechanism is. But you can always track it back to a you can always track it back to a you can always track it back to a mechanism instead of just going to [ __ ] mechanism instead of just going to [ __ ] mechanism instead of just going to [ __ ] those kids, right? So, if we stick with those kids, right? So, if we stick with those kids, right? So, if we stick with the mechanism, this will get a lot the mechanism, this will get a lot the mechanism, this will get a lot easier. Okay. Uh there was another easier. Okay. Uh there was another easier. Okay. Uh there was another mechanism that they brought up that I mechanism that they brought up that I mechanism that they brought up that I had not talked about or did you find had not talked about or did you find had not talked about or did you find another one? another one? another one? >> The productivity and the percentage of >> The productivity and the percentage of >> The productivity and the percentage of tax from social. tax from social. tax from social. >> Okay. So uh percentage looking at um >> Okay. So uh percentage looking at um >> Okay. So uh percentage looking at um what do we want to do in order to make what do we want to do in order to make what do we want to do in order to make sure that we can take care of people sure that we can take care of people sure that we can take care of people when we look at um contributions we will when we look at um contributions we will when we look at um contributions we will often get ourselves in a crazy twist often get ourselves in a crazy twist often get ourselves in a crazy twist over what is the percentage. Now, I over what is the percentage. Now, I over what is the percentage. Now, I don't see a lot of positive reaction don't see a lot of positive reaction don't see a lot of positive reaction whenever I say this, but if people said whenever I say this, but if people said whenever I say this, but if people said they just wanted to charge a flat they just wanted to charge a flat they just wanted to charge a flat percentage and like let's say it's 20% percentage and like let's say it's 20% percentage and like let's say it's 20% across the board. You make a dollar, we across the board. You make a dollar, we across the board. You make a dollar, we take 20 cents, you make 20 billion in take 20 cents, you make 20 billion in take 20 cents, you make 20 billion in income, by the way, not worth, but income, by the way, not worth, but income, by the way, not worth, but income 20%. Cool. No problem. Like, I income 20%. Cool. No problem. Like, I income 20%. Cool. No problem. Like, I totally get a world where we want to do totally get a world where we want to do totally get a world where we want to do that. Now, there's probably that. Now, there's probably that. Now, there's probably complications there because every time I complications there because every time I complications there because every time I bring this up, people everywhere hate bring this up, people everywhere hate bring this up, people everywhere hate this idea. But at least there's nowhere this idea. But at least there's nowhere this idea. But at least there's nowhere to run. There's nowhere to hide. There's to run. There's nowhere to hide. There's to run. There's nowhere to hide. There's no way to get out of it. And as somebody no way to get out of it. And as somebody no way to get out of it. And as somebody who has been approached by my tax team who has been approached by my tax team who has been approached by my tax team many times, been like, "Hey, there are many times, been like, "Hey, there are many times, been like, "Hey, there are more sophisticated things that we could more sophisticated things that we could more sophisticated things that we could do." And I have assued doing that. I'm do." And I have assued doing that. I'm do." And I have assued doing that. I'm not trying to hide from my taxes. Let's not trying to hide from my taxes. Let's not trying to hide from my taxes. Let's pay taxes. I've paid an obscene amount pay taxes. I've paid an obscene amount pay taxes. I've paid an obscene amount of money in taxes. Okay. So, percentage, of money in taxes. Okay. So, percentage, of money in taxes. Okay. So, percentage, I'm on board with it. Um, and when you I'm on board with it. Um, and when you I'm on board with it. Um, and when you do it across everybody, you at least do it across everybody, you at least do it across everybody, you at least have a um mechanism that stops people have a um mechanism that stops people have a um mechanism that stops people who aren't paying taxes at all or pay who aren't paying taxes at all or pay who aren't paying taxes at all or pay very little from trying to weaponize very little from trying to weaponize very little from trying to weaponize taxes in a punitive measure. Okay. The taxes in a punitive measure. Okay. The taxes in a punitive measure. Okay. The other beat of this is we're seeing that other beat of this is we're seeing that other beat of this is we're seeing that throwing money at a problem doesn't throwing money at a problem doesn't throwing money at a problem doesn't solve it. So, in the last 10 years, solve it. So, in the last 10 years, solve it. So, in the last 10 years, remember the US government budget has remember the US government budget has remember the US government budget has almost doubled in 10 years. That's almost doubled in 10 years. That's almost doubled in 10 years. That's crazy. But things haven't gotten better, crazy. But things haven't gotten better, crazy. But things haven't gotten better, they've gotten worse. So, how people they've gotten worse. So, how people they've gotten worse. So, how people don't look at that one stat and go, don't look at that one stat and go, don't look at that one stat and go, "Okay, cool. Nice idea, but it doesn't "Okay, cool. Nice idea, but it doesn't "Okay, cool. Nice idea, but it doesn't work." Um, I I'm shocked every time. work." Um, I I'm shocked every time. work." Um, I I'm shocked every time. Throwing money at the problem doesn't Throwing money at the problem doesn't Throwing money at the problem doesn't solve it. You can also look at the solve it. You can also look at the solve it. You can also look at the Department of Education. Uh, we spend Department of Education. Uh, we spend Department of Education. Uh, we spend more than anybody on planet Earth on our more than anybody on planet Earth on our more than anybody on planet Earth on our students. And yet, we're middle of the students. And yet, we're middle of the students. And yet, we're middle of the pack in terms of results. And by the pack in terms of results. And by the pack in terms of results. And by the way, the results have been stubbornly way, the results have been stubbornly way, the results have been stubbornly flat. So, no matter how much additional flat. So, no matter how much additional flat. So, no matter how much additional money we throw at it, it doesn't money we throw at it, it doesn't money we throw at it, it doesn't actually solve the problem. And guys, we actually solve the problem. And guys, we actually solve the problem. And guys, we have a fraud problem. a massive fraud have a fraud problem. a massive fraud have a fraud problem. a massive fraud problem. So the more money that you pump problem. So the more money that you pump problem. So the more money that you pump into the system, the more likely there into the system, the more likely there into the system, the more likely there is to be leeches unfortunately that will is to be leeches unfortunately that will is to be leeches unfortunately that will innovate, if you want to use that word innovate, if you want to use that word innovate, if you want to use that word against me, that will innovate in terms against me, that will innovate in terms against me, that will innovate in terms of fraud and they'll get more and more of fraud and they'll get more and more of fraud and they'll get more and more clever. So again, throwing money at the clever. So again, throwing money at the clever. So again, throwing money at the problem doesn't solve it. Being problem doesn't solve it. Being problem doesn't solve it. Being disciplined with your dollars always a disciplined with your dollars always a disciplined with your dollars always a good idea no matter how much money you good idea no matter how much money you good idea no matter how much money you have. Uh so be disciplined, be focused have. Uh so be disciplined, be focused have. Uh so be disciplined, be focused about where you spend your money and about where you spend your money and about where you spend your money and insist on results which we are not insist on results which we are not insist on results which we are not doing. So, uh, if people wanted to put doing. So, uh, if people wanted to put doing. So, uh, if people wanted to put forward something that said, "I really forward something that said, "I really forward something that said, "I really want to see everybody pay the same want to see everybody pay the same want to see everybody pay the same percentage," I would totally get that. percentage," I would totally get that. percentage," I would totally get that. Simplify the tax code, which is the very Simplify the tax code, which is the very Simplify the tax code, which is the very loopholes that people use. When you loopholes that people use. When you loopholes that people use. When you create a complicated tax code, you make create a complicated tax code, you make create a complicated tax code, you make it possible for people with a lot of it possible for people with a lot of it possible for people with a lot of money to hire the smartest people on money to hire the smartest people on money to hire the smartest people on planet Earth to both lobby the planet Earth to both lobby the planet Earth to both lobby the government and find very clever ways. government and find very clever ways. government and find very clever ways. So, I'm just saying it it So, I'm just saying it it So, I'm just saying it it mechanistically it doesn't work. We've mechanistically it doesn't work. We've mechanistically it doesn't work. We've had a top tax percentage of 91% post had a top tax percentage of 91% post had a top tax percentage of 91% post World War II. And by the way, World War World War II. And by the way, World War World War II. And by the way, World War II is a phenomenal example of how we get II is a phenomenal example of how we get II is a phenomenal example of how we get out from under massive debts. Um, out from under massive debts. Um, out from under massive debts. Um, and the great irony is the way that we and the great irony is the way that we and the great irony is the way that we did it. So, we had a top tax rate of did it. So, we had a top tax rate of did it. So, we had a top tax rate of 91%. 91%. 91%. But that wasn't positive. Remember, we But that wasn't positive. Remember, we But that wasn't positive. Remember, we collect more per taxpayer now by a lot collect more per taxpayer now by a lot collect more per taxpayer now by a lot than we did back then. Why? Because of than we did back then. Why? Because of than we did back then. Why? Because of growth. How did we get out of the [ __ ] growth. How did we get out of the [ __ ] growth. How did we get out of the [ __ ] show that was post World War II? We grew show that was post World War II? We grew show that was post World War II? We grew faster than we stole from people. So, we faster than we stole from people. So, we faster than we stole from people. So, we were stealing like crazy. We used were stealing like crazy. We used were stealing like crazy. We used something called financial repression. something called financial repression. something called financial repression. Okay. We we intentionally used the Okay. We we intentionally used the Okay. We we intentionally used the central bank to hold interest rates central bank to hold interest rates central bank to hold interest rates below inflation. Okay. Devastating. below inflation. Okay. Devastating. below inflation. Okay. Devastating. Devastating. We're about to do the same Devastating. We're about to do the same Devastating. We're about to do the same thing now. By the way, uh the problem is thing now. By the way, uh the problem is thing now. By the way, uh the problem is back then we had more economic growth back then we had more economic growth back then we had more economic growth due to what? Drum roll please. due to what? Drum roll please. due to what? Drum roll please. Innovation. Okay. We innovated our way. Innovation. Okay. We innovated our way. Innovation. Okay. We innovated our way. We grew our way out of World War II even We grew our way out of World War II even We grew our way out of World War II even though we were using financial though we were using financial though we were using financial repression to make the debt to GDP drop. repression to make the debt to GDP drop. repression to make the debt to GDP drop. But it required that the growth go up up But it required that the growth go up up But it required that the growth go up up up up up. Okay? And we hadn't globalized up up up. Okay? And we hadn't globalized up up up. Okay? And we hadn't globalized yet. So the American worker was powerful yet. So the American worker was powerful yet. So the American worker was powerful as [ __ ] Okay? So super empowered as [ __ ] Okay? So super empowered as [ __ ] Okay? So super empowered worker. Yes, they were being financially worker. Yes, they were being financially worker. Yes, they were being financially oppressed which is brutal. But the oppressed which is brutal. But the oppressed which is brutal. But the government was growing even faster than government was growing even faster than government was growing even faster than that. So, the average person felt great that. So, the average person felt great that. So, the average person felt great because their um the amount that they because their um the amount that they because their um the amount that they were making in real terms, like real I were making in real terms, like real I were making in real terms, like real I can buy more [ __ ] was going up. Okay, can buy more [ __ ] was going up. Okay, can buy more [ __ ] was going up. Okay, everyone feels good after World War I, everyone feels good after World War I, everyone feels good after World War I, everyone feels terribly now because everyone feels terribly now because everyone feels terribly now because we've we've let regulatory burdens and we've we've let regulatory burdens and we've we've let regulatory burdens and all that stuff, money and politics just all that stuff, money and politics just all that stuff, money and politics just completely disempower completely disempower completely disempower the average worker. Okay, that's a real the average worker. Okay, that's a real the average worker. Okay, that's a real thing. You guys should be mad as hell thing. You guys should be mad as hell thing. You guys should be mad as hell about that. But you've got to deal with about that. But you've got to deal with about that. But you've got to deal with it at a framework level because the it at a framework level because the it at a framework level because the taxes at 91% didn't work back then. taxes at 91% didn't work back then. taxes at 91% didn't work back then. They're not going to work now. That's They're not going to work now. That's They're not going to work now. That's that it's growth. Okay? It's growth. that it's growth. Okay? It's growth. that it's growth. Okay? It's growth. You've got to grow the economy. Taxes You've got to grow the economy. Taxes You've got to grow the economy. Taxes slow the economy. Look at Europe. If you slow the economy. Look at Europe. If you slow the economy. Look at Europe. If you don't believe me, look at Europe. don't believe me, look at Europe. don't believe me, look at Europe. Europe. Now, I can't believe this is Europe. Now, I can't believe this is Europe. Now, I can't believe this is true, but it is. In fact, I think I true, but it is. In fact, I think I true, but it is. In fact, I think I pulled the stat. You can pull it up. pulled the stat. You can pull it up. pulled the stat. You can pull it up. Europe right now, the median European is Europe right now, the median European is Europe right now, the median European is making making making less than the bottom 20% of Americans. less than the bottom 20% of Americans. less than the bottom 20% of Americans. Okay, the median means 50% of the actual Okay, the median means 50% of the actual Okay, the median means 50% of the actual humans. humans. humans. Okay, 50% of Europeans are tied or below Okay, 50% of Europeans are tied or below Okay, 50% of Europeans are tied or below the bottom 20% of Americans. So, I get the bottom 20% of Americans. So, I get the bottom 20% of Americans. So, I get how mad you guys are. I get it. how mad you guys are. I get it. how mad you guys are. I get it. >> Plenty of abuse. However, taxing slows >> Plenty of abuse. However, taxing slows >> Plenty of abuse. However, taxing slows the economy. It doesn't grow. So if we the economy. It doesn't grow. So if we the economy. It doesn't grow. So if we want to look at our historical example want to look at our historical example want to look at our historical example of how the [ __ ] do we get out of this of how the [ __ ] do we get out of this of how the [ __ ] do we get out of this ridiculous position, it is to get growth ridiculous position, it is to get growth ridiculous position, it is to get growth happening again, which is going to be a happening again, which is going to be a happening again, which is going to be a lighter tax burden in the right places. lighter tax burden in the right places. lighter tax burden in the right places. It's going to be tightening your It's going to be tightening your It's going to be tightening your spending. That's hugely, hugely spending. That's hugely, hugely spending. That's hugely, hugely important. And obviously innovation, important. And obviously innovation, important. And obviously innovation, innovation, innovation while empowering innovation, innovation while empowering innovation, innovation while empowering workers by del globalizing making sure workers by del globalizing making sure workers by del globalizing making sure that companies have an incentive to that companies have an incentive to that companies have an incentive to build here that we can't import cheap build here that we can't import cheap build here that we can't import cheap labor at the low end or the high end labor at the low end or the high end labor at the low end or the high end with cheap H-1B visas. I think we still with cheap H-1B visas. I think we still with cheap H-1B visas. I think we still want to be a country that attracts the want to be a country that attracts the want to be a country that attracts the best and the brightest and most best and the brightest and most best and the brightest and most entrepreneurial from the world over entrepreneurial from the world over entrepreneurial from the world over because for every successful because for every successful because for every successful entrepreneur that you bring into the US, entrepreneur that you bring into the US, entrepreneur that you bring into the US, they're going to employ, you know, a lot they're going to employ, you know, a lot they're going to employ, you know, a lot of people compared to them. And so there of people compared to them. And so there of people compared to them. And so there you want to force it to be at a premium you want to force it to be at a premium you want to force it to be at a premium though so that you're never choosing it though so that you're never choosing it though so that you're never choosing it over an American that could have gotten over an American that could have gotten over an American that could have gotten that job. that job. that job. >> Okay, >> Okay, >> Okay, >> I got one more. Um, right now we >> I got one more. Um, right now we >> I got one more. Um, right now we incentivize people to grow and hoard incentivize people to grow and hoard incentivize people to grow and hoard wealth. We don't incentivize people to wealth. We don't incentivize people to wealth. We don't incentivize people to grow their income. grow their income. grow their income. >> The more you in the more you raise your >> The more you in the more you raise your >> The more you in the more you raise your income, the higher your wealth tax rate, income, the higher your wealth tax rate, income, the higher your wealth tax rate, the more you invest, the lower your tax the more you invest, the lower your tax the more you invest, the lower your tax rate. rate. rate. >> Okay, so now we're back on to uh we've >> Okay, so now we're back on to uh we've >> Okay, so now we're back on to uh we've got a mechanism. I think this is really got a mechanism. I think this is really got a mechanism. I think this is really powerful to look at. So, um I think powerful to look at. So, um I think powerful to look at. So, um I think people may have a distorted view of how people may have a distorted view of how people may have a distorted view of how much tax wealthy people pay. So, I know much tax wealthy people pay. So, I know much tax wealthy people pay. So, I know that there is a um there is a loophole that there is a um there is a loophole that there is a um there is a loophole that says I can borrow money against my that says I can borrow money against my that says I can borrow money against my assets and then when I die, I'm not assets and then when I die, I'm not assets and then when I die, I'm not going to pay it back. I'm just going to going to pay it back. I'm just going to going to pay it back. I'm just going to pay the interest. When I die, my kids pay the interest. When I die, my kids pay the interest. When I die, my kids get a step up in basis. And let me know get a step up in basis. And let me know get a step up in basis. And let me know how much depth people want to explain how much depth people want to explain how much depth people want to explain this, but they get a step up in basis. this, but they get a step up in basis. this, but they get a step up in basis. So that money is effectively never taxed So that money is effectively never taxed So that money is effectively never taxed quote unquote appropriately. Now, couple quote unquote appropriately. Now, couple quote unquote appropriately. Now, couple things on that. One, I think there's a things on that. One, I think there's a things on that. One, I think there's a very significant argument to be made very significant argument to be made very significant argument to be made that says um you're taxing things that that says um you're taxing things that that says um you're taxing things that were purchased with money that was were purchased with money that was were purchased with money that was already taxed if it's um anything already taxed if it's um anything already taxed if it's um anything essentially other than a company that essentially other than a company that essentially other than a company that was built from the ground up. And was built from the ground up. And was built from the ground up. And there's a very simple way to close that there's a very simple way to close that there's a very simple way to close that loophole in my opinion, which is you do loophole in my opinion, which is you do loophole in my opinion, which is you do something like the following. Uh, hey, something like the following. Uh, hey, something like the following. Uh, hey, if it was an asset that you bought with if it was an asset that you bought with if it was an asset that you bought with post tax dollars, cool. Then step up in post tax dollars, cool. Then step up in post tax dollars, cool. Then step up in basis, all the normal stuff, that works basis, all the normal stuff, that works basis, all the normal stuff, that works just fine because you're handing just fine because you're handing just fine because you're handing something down to your kids that's something down to your kids that's something down to your kids that's already been taxed. But if you built already been taxed. But if you built already been taxed. But if you built something and you're now, you know, something and you're now, you know, something and you're now, you know, you're one of the founders of Google and you're one of the founders of Google and you're one of the founders of Google and you've got this insane gap, you you've got this insane gap, you you've got this insane gap, you borrowed, you got to spend all that borrowed, you got to spend all that borrowed, you got to spend all that money and now with the step up in basis, money and now with the step up in basis, money and now with the step up in basis, basically the loan is wiped out. Nobody basically the loan is wiped out. Nobody basically the loan is wiped out. Nobody has to repay this one second. So what has to repay this one second. So what has to repay this one second. So what you end up doing is there you say that you end up doing is there you say that you end up doing is there you say that should be taxed normal um capital gains. should be taxed normal um capital gains. should be taxed normal um capital gains. So we're going to treat it as if they So we're going to treat it as if they So we're going to treat it as if they were transferred the moment before this were transferred the moment before this were transferred the moment before this person died and so you're going to pay person died and so you're going to pay person died and so you're going to pay cap gains on that. So just like it would cap gains on that. So just like it would cap gains on that. So just like it would have been paid otherwise. You get the have been paid otherwise. You get the have been paid otherwise. You get the tax that you would have gotten. So that tax that you would have gotten. So that tax that you would have gotten. So that to me is perfect. All right. to me is perfect. All right. to me is perfect. All right. >> I think you you derailed a little bit >> I think you you derailed a little bit >> I think you you derailed a little bit from that. I'm talking more so the Scott from that. I'm talking more so the Scott from that. I'm talking more so the Scott Galloway argument where a lawyer who Galloway argument where a lawyer who Galloway argument where a lawyer who makes $300,000 is taxed at 50% but a makes $300,000 is taxed at 50% but a makes $300,000 is taxed at 50% but a tech bro who gets 2 million in stock um tech bro who gets 2 million in stock um tech bro who gets 2 million in stock um payment doesn't get taxed at all. He payment doesn't get taxed at all. He payment doesn't get taxed at all. He could borrow against that stock payment. could borrow against that stock payment. could borrow against that stock payment. It doesn't hit he could borrow 100k It doesn't hit he could borrow 100k It doesn't hit he could borrow 100k against that stock payment um pay it against that stock payment um pay it against that stock payment um pay it back a year later with the increase in back a year later with the increase in back a year later with the increase in stocks uh um with the increase in growth stocks uh um with the increase in growth stocks uh um with the increase in growth from that stock. Whereas this person from that stock. Whereas this person from that stock. Whereas this person their real income on that 300k they get their real income on that 300k they get their real income on that 300k they get 150 that hits their bank account. So I I 150 that hits their bank account. So I I 150 that hits their bank account. So I I literally in that example I don't see literally in that example I don't see literally in that example I don't see the problem at all. If that person paid the problem at all. If that person paid the problem at all. If that person paid back their loan, back their loan, back their loan, >> the increase in value, you're saying we >> the increase in value, you're saying we >> the increase in value, you're saying we don't want people to be advantage. don't want people to be advantage. don't want people to be advantage. >> You're saying that right now this person >> You're saying that right now this person >> You're saying that right now this person is is growing wealth tax-free. The Steve is is growing wealth tax-free. The Steve is is growing wealth tax-free. The Steve Jobs method, Jobs method, Jobs method, >> they are because you're getting paid in >> they are because you're getting paid in >> they are because you're getting paid in stocks. stocks. stocks. >> They're not. That that's completely >> They're not. That that's completely >> They're not. That that's completely illogical. So when you sell a share illogical. So when you sell a share illogical. So when you sell a share >> before you sell though, I'm saying >> before you sell though, I'm saying >> before you sell though, I'm saying before you get to the sell, before you get to the sell, before you get to the sell, >> but I just gave you how to close that >> but I just gave you how to close that >> but I just gave you how to close that loophole. So, first of all, I don't I loophole. So, first of all, I don't I loophole. So, first of all, I don't I don't even think people use that don't even think people use that don't even think people use that loophole. Debt is so dangerous, loophole. Debt is so dangerous, loophole. Debt is so dangerous, >> but it's the loophole that you just gave >> but it's the loophole that you just gave >> but it's the loophole that you just gave me is a step up basis as if I'm passing me is a step up basis as if I'm passing me is a step up basis as if I'm passing it down to my kids. You're talking about it down to my kids. You're talking about it down to my kids. You're talking about people who are who already have retired. people who are who already have retired. people who are who already have retired. You're talking about the Bill Gates and You're talking about the Bill Gates and You're talking about the Bill Gates and them. I'm not talking about that. I'm them. I'm not talking about that. I'm them. I'm not talking about that. I'm talking about actual tech bros now who talking about actual tech bros now who talking about actual tech bros now who get paid. get paid. get paid. >> This is a misunderstanding of how tax >> This is a misunderstanding of how tax >> This is a misunderstanding of how tax works. So, if if I found a company, I works. So, if if I found a company, I works. So, if if I found a company, I know because I've done it. If you found know because I've done it. If you found know because I've done it. If you found a company, then your uh your starting a company, then your uh your starting a company, then your uh your starting point is zero, right? Because you the point is zero, right? Because you the point is zero, right? Because you the company was worth nothing. you created company was worth nothing. you created company was worth nothing. you created it and so your wealth all of it is taxed it and so your wealth all of it is taxed it and so your wealth all of it is taxed at whatever cap gains tax is. Now when at whatever cap gains tax is. Now when at whatever cap gains tax is. Now when you're talking about when you pass it on you're talking about when you pass it on you're talking about when you pass it on to your kids to your kids to your kids >> I'm not I'm talking about employee >> I'm not I'm talking about employee >> I'm not I'm talking about employee number three at at Facebook. number three at at Facebook. number three at at Facebook. >> Understood. Let me just walk through the >> Understood. Let me just walk through the >> Understood. Let me just walk through the whole thing. When you're talking about whole thing. When you're talking about whole thing. When you're talking about passing it on to your kids, they then passing it on to your kids, they then passing it on to your kids, they then get the tax as if whatever the worth is get the tax as if whatever the worth is get the tax as if whatever the worth is today. So if it's $300 or $3,000 or today. So if it's $300 or $3,000 or today. So if it's $300 or $3,000 or whatever, then they're only going to get whatever, then they're only going to get whatever, then they're only going to get taxed from that point moving forward. So taxed from that point moving forward. So taxed from that point moving forward. So that gap from 0 to 3,000 or whatever, that gap from 0 to 3,000 or whatever, that gap from 0 to 3,000 or whatever, that's people's beef. So now let's say that's people's beef. So now let's say that's people's beef. So now let's say >> that's not the beef that >> that's not the beef that >> that's not the beef that >> bear with me. I'm getting there. If if >> bear with me. I'm getting there. If if >> bear with me. I'm getting there. If if you don't understand all of these beats, you don't understand all of these beats, you don't understand all of these beats, you're going to forever be lost. Got it? you're going to forever be lost. Got it? you're going to forever be lost. Got it? >> So now your employee number three, >> So now your employee number three, >> So now your employee number three, whatever. They still only get So let's whatever. They still only get So let's whatever. They still only get So let's say founders at zero. The employee gets say founders at zero. The employee gets say founders at zero. The employee gets at what's it at? $12 a share. Let's just at what's it at? $12 a share. Let's just at what's it at? $12 a share. Let's just say it's headed towards 3,000, but their say it's headed towards 3,000, but their say it's headed towards 3,000, but their clock starts at $12 because that's where clock starts at $12 because that's where clock starts at $12 because that's where it was when they started. Now 12 to it was when they started. Now 12 to it was when they started. Now 12 to 3,000 they're going to get taxed on cap 3,000 they're going to get taxed on cap 3,000 they're going to get taxed on cap gains. gains. gains. >> So the only beef is the 0 to 12. >> So the only beef is the 0 to 12. >> So the only beef is the 0 to 12. >> What's the cap gains percent? >> What's the cap gains percent? >> What's the cap gains percent? >> Uh it's probably in the neighborhood of >> Uh it's probably in the neighborhood of >> Uh it's probably in the neighborhood of 20 to 24%. So 20 to 24%. So 20 to 24%. So >> okay. And then a lawyer and a doctor who >> okay. And then a lawyer and a doctor who >> okay. And then a lawyer and a doctor who are working 9 to5 to keep uh pedophiles are working 9 to5 to keep uh pedophiles are working 9 to5 to keep uh pedophiles in jail and to uh do heart surgery to in jail and to uh do heart surgery to in jail and to uh do heart surgery to keep people alive, they get taxed at keep people alive, they get taxed at keep people alive, they get taxed at 50%. 50%. 50%. >> On income. >> On income. >> On income. >> On income. >> On income. >> On income. >> Yes. >> Yes. >> Yes. >> So again the B >> So again the B >> So again the B >> these are two totally different metrics. >> these are two totally different metrics. >> these are two totally different metrics. Okay. So if the emotion is my income is Okay. So if the emotion is my income is Okay. So if the emotion is my income is treated differently than cap gains, treated differently than cap gains, treated differently than cap gains, that's that's the flip. Income should be that's that's the flip. Income should be that's that's the flip. Income should be treated at a different rate than cap treated at a different rate than cap treated at a different rate than cap gain should be treated. And that's the gain should be treated. And that's the gain should be treated. And that's the beef. You just me lay out the beef. beef. You just me lay out the beef. beef. You just me lay out the beef. >> Completely illogical. Perfect. Love it. >> Completely illogical. Perfect. Love it. >> Completely illogical. Perfect. Love it. Clear. Clear. Clear. >> Uh labor is sacred and therefore should >> Uh labor is sacred and therefore should >> Uh labor is sacred and therefore should be taxed at the lowest rate possible. Um be taxed at the lowest rate possible. Um be taxed at the lowest rate possible. Um capital gains that's all [ __ ] capital gains that's all [ __ ] capital gains that's all [ __ ] That's fake news. So that should be That's fake news. So that should be That's fake news. So that should be taxed at the higher rate. Right? Have I taxed at the higher rate. Right? Have I taxed at the higher rate. Right? Have I understood the Okay, that is asinine. So understood the Okay, that is asinine. So understood the Okay, that is asinine. So that is somebody who does not like you. that is somebody who does not like you. that is somebody who does not like you. I lost you back at innovation is the I lost you back at innovation is the I lost you back at innovation is the sacred thing. And so if I've lost you at sacred thing. And so if I've lost you at sacred thing. And so if I've lost you at innovation is a sacred thing, [ __ ] like innovation is a sacred thing, [ __ ] like innovation is a sacred thing, [ __ ] like move to Venezuela and watch the building move to Venezuela and watch the building move to Venezuela and watch the building collapse around you during the collapse around you during the collapse around you during the earthquake because there's no earthquake because there's no earthquake because there's no innovation. Have fun. So I if you innovation. Have fun. So I if you innovation. Have fun. So I if you believe that prosperity just comes out believe that prosperity just comes out believe that prosperity just comes out of thin air that um the kind of tensil of thin air that um the kind of tensil of thin air that um the kind of tensil strength steel that's needed to keep strength steel that's needed to keep strength steel that's needed to keep buildings from falling or the wheels buildings from falling or the wheels buildings from falling or the wheels that they put buildings on in Japan that that they put buildings on in Japan that that they put buildings on in Japan that allow it to sway without breaking. If allow it to sway without breaking. If allow it to sway without breaking. If you think that all just [ __ ] happens you think that all just [ __ ] happens you think that all just [ __ ] happens and doesn't happen only because there is and doesn't happen only because there is and doesn't happen only because there is somebody who took a huge [ __ ] risk at somebody who took a huge [ __ ] risk at somebody who took a huge [ __ ] risk at some point, poured their life energy some point, poured their life energy some point, poured their life energy into innovating, taking big capital into innovating, taking big capital into innovating, taking big capital risks, etc., etc. Uh yeah, then then we risks, etc., etc. Uh yeah, then then we risks, etc., etc. Uh yeah, then then we would have to go back to like that would have to go back to like that would have to go back to like that initial framework because if you don't initial framework because if you don't initial framework because if you don't believe that somebody taking that risk believe that somebody taking that risk believe that somebody taking that risk with their time, capital, energy, all of with their time, capital, energy, all of with their time, capital, energy, all of that, um we don't want to incentivize that, um we don't want to incentivize that, um we don't want to incentivize that then [ __ ] like now really all hope that then [ __ ] like now really all hope that then [ __ ] like now really all hope is lost. is lost. is lost. >> Um I would like to play this tale about >> Um I would like to play this tale about >> Um I would like to play this tale about the me the parable of the Mexican the me the parable of the Mexican the me the parable of the Mexican fisherman and I think we might need to fisherman and I think we might need to fisherman and I think we might need to have an update of our perspective on have an update of our perspective on have an update of our perspective on life. life. life. >> Have you ever heard the parable of the >> Have you ever heard the parable of the >> Have you ever heard the parable of the Mexican fisherman? Have you heard this? Mexican fisherman? Have you heard this? Mexican fisherman? Have you heard this? >> I don't know. Okay. An American >> I don't know. Okay. An American >> I don't know. Okay. An American investment banker was at a small pier on investment banker was at a small pier on investment banker was at a small pier on a small coastal town village when a a small coastal town village when a a small coastal town village when a small boat with just one fisherman small boat with just one fisherman small boat with just one fisherman docked. Inside the small boat was docked. Inside the small boat was docked. Inside the small boat was several large yellow fin tuna. The several large yellow fin tuna. The several large yellow fin tuna. The American complimented the Mexican on the American complimented the Mexican on the American complimented the Mexican on the quality of his fish and asked how long quality of his fish and asked how long quality of his fish and asked how long it took him to catch them. The Mexican it took him to catch them. The Mexican it took him to catch them. The Mexican replied, "Only a little while." The replied, "Only a little while." The replied, "Only a little while." The American then asked, "Why didn't you American then asked, "Why didn't you American then asked, "Why didn't you stay out longer and catch more fish?" stay out longer and catch more fish?" stay out longer and catch more fish?" Mexican said he had enough to support Mexican said he had enough to support Mexican said he had enough to support his family's immediate needs. The his family's immediate needs. The his family's immediate needs. The American then asked, "But what do you do American then asked, "But what do you do American then asked, "But what do you do with the rest of your time?" The Mexican with the rest of your time?" The Mexican with the rest of your time?" The Mexican fisherman said, "I sleep late, fish a fisherman said, "I sleep late, fish a fisherman said, "I sleep late, fish a little, play with my children, take little, play with my children, take little, play with my children, take siestas with my wife, Maria, and stroll siestas with my wife, Maria, and stroll siestas with my wife, Maria, and stroll into the village every evening where I into the village every evening where I into the village every evening where I sip wine and play guitar with my amigos. sip wine and play guitar with my amigos. sip wine and play guitar with my amigos. I have a full and busy life." The I have a full and busy life." The I have a full and busy life." The American scoffed. "I have an MBA from American scoffed. "I have an MBA from American scoffed. "I have an MBA from Harvard and can help you," he said. "You Harvard and can help you," he said. "You Harvard and can help you," he said. "You should spend more time fishing. With the should spend more time fishing. With the should spend more time fishing. With the proceeds, buy a bigger boat. With the proceeds, buy a bigger boat. With the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could proceeds from the bigger boat, you could proceeds from the bigger boat, you could buy several boats and eventually you buy several boats and eventually you buy several boats and eventually you would have a fleet of fishing boats. would have a fleet of fishing boats. would have a fleet of fishing boats. Instead of selling your catch to a Instead of selling your catch to a Instead of selling your catch to a middleman, you could sell directly to middleman, you could sell directly to middleman, you could sell directly to the processor and eventually open up the processor and eventually open up the processor and eventually open up your own canery. you could control the your own canery. you could control the your own canery. you could control the product processing and distribution. He product processing and distribution. He product processing and distribution. He said, "Of course, you would need to said, "Of course, you would need to said, "Of course, you would need to leave this small coastal fishing village leave this small coastal fishing village leave this small coastal fishing village and move to Mexico City and then Los and move to Mexico City and then Los and move to Mexico City and then Los Angeles and eventually to New York City Angeles and eventually to New York City Angeles and eventually to New York City while you will run your expanding while you will run your expanding while you will run your expanding enterprise." The Mexican fisherman enterprise." The Mexican fisherman enterprise." The Mexican fisherman asked, "But how long will all this asked, "But how long will all this asked, "But how long will all this take?" To which the American replied, take?" To which the American replied, take?" To which the American replied, "Oh, 15 to 20 years or so. But what "Oh, 15 to 20 years or so. But what "Oh, 15 to 20 years or so. But what then?" asked the Mexican. The American then?" asked the Mexican. The American then?" asked the Mexican. The American laughed and said, "That's the best part. laughed and said, "That's the best part. laughed and said, "That's the best part. When the time was right, you would When the time was right, you would When the time was right, you would announce an IPO. You could sell your announce an IPO. You could sell your announce an IPO. You could sell your company stock to the public and become company stock to the public and become company stock to the public and become very rich. You would make millions, very rich. You would make millions, very rich. You would make millions, millions. Then what the Americans said? millions. Then what the Americans said? millions. Then what the Americans said? Then you could retire, move to a small Then you could retire, move to a small Then you could retire, move to a small coastal fishing village where you could coastal fishing village where you could coastal fishing village where you could sleep late, fish a little, play with sleep late, fish a little, play with sleep late, fish a little, play with your kids, take siestas with your wife your kids, take siestas with your wife your kids, take siestas with your wife and swole to the village in the evenings and swole to the village in the evenings and swole to the village in the evenings where you could sip wine and play guitar where you could sip wine and play guitar where you could sip wine and play guitar with your amigos. Life is often simpler with your amigos. Life is often simpler with your amigos. Life is often simpler than we make. [laughter] than we make. [laughter] than we make. [laughter] >> Yeah, dude. >> Yeah, dude. >> Yeah, dude. >> That's so [ __ ] stupid. Okay. Uh, so >> That's so [ __ ] stupid. Okay. Uh, so >> That's so [ __ ] stupid. Okay. Uh, so let's walk through it. So here here are let's walk through it. So here here are let's walk through it. So here here are the mechanisms. Um, may may you all live the mechanisms. Um, may may you all live the mechanisms. Um, may may you all live in a country that has clawed and in a country that has clawed and in a country that has clawed and scrabbled its way out of poverty and scrabbled its way out of poverty and scrabbled its way out of poverty and being abused by stronger powers such being abused by stronger powers such being abused by stronger powers such that you may fish a little, siesta and that you may fish a little, siesta and that you may fish a little, siesta and hang with your amigos, that really is hang with your amigos, that really is hang with your amigos, that really is beautiful. And anybody that wants to um beautiful. And anybody that wants to um beautiful. And anybody that wants to um work a job and love their spouse and work a job and love their spouse and work a job and love their spouse and raise some kids and relax, dude, I love raise some kids and relax, dude, I love raise some kids and relax, dude, I love that. And I want everybody to live the that. And I want everybody to live the that. And I want everybody to live the life that they want to live. And I love life that they want to live. And I love life that they want to live. And I love that the human race has people in it that the human race has people in it that the human race has people in it that are wildly ambitious that are wildly ambitious that are wildly ambitious and strong and want to uh prosper more and strong and want to uh prosper more and strong and want to uh prosper more than most and they want to innovate and than most and they want to innovate and than most and they want to innovate and make something that people want so that make something that people want so that make something that people want so that they can uh have an easier life. And I they can uh have an easier life. And I they can uh have an easier life. And I love that so many people are like, I'm love that so many people are like, I'm love that so many people are like, I'm willing to suffer now so that my kids willing to suffer now so that my kids willing to suffer now so that my kids may have it easier. In fact, let's let's may have it easier. In fact, let's let's may have it easier. In fact, let's let's uh tell another Mexican parable. Shout uh tell another Mexican parable. Shout uh tell another Mexican parable. Shout out to the Mexican that finds his way to out to the Mexican that finds his way to out to the Mexican that finds his way to America and works in landscaping and America and works in landscaping and America and works in landscaping and builds a landscaping business and works builds a landscaping business and works builds a landscaping business and works his nuts off in ridiculous summer heat his nuts off in ridiculous summer heat his nuts off in ridiculous summer heat in Los Angeles uh to make sure that his in Los Angeles uh to make sure that his in Los Angeles uh to make sure that his kids get educated and that they're able kids get educated and that they're able kids get educated and that they're able to grow up in a prosperous America where to grow up in a prosperous America where to grow up in a prosperous America where their dreams really can come true their dreams really can come true their dreams really can come true because we have freedoms that the rest because we have freedoms that the rest because we have freedoms that the rest of the world doesn't know and if my kids of the world doesn't know and if my kids of the world doesn't know and if my kids want to siesta and play music with their want to siesta and play music with their want to siesta and play music with their friends, they're going to have that friends, they're going to have that friends, they're going to have that ability because I got us here and I ability because I got us here and I ability because I got us here and I worked hard to get us into a middle worked hard to get us into a middle worked hard to get us into a middle class life where that's possible. Shout class life where that's possible. Shout class life where that's possible. Shout out to all those [ __ ] that work out to all those [ __ ] that work out to all those [ __ ] that work like that. You guys truly I'm willing to like that. You guys truly I'm willing to like that. You guys truly I'm willing to fight for that. I love that. And if your fight for that. I love that. And if your fight for that. I love that. And if your kids, some percentage of them want the kids, some percentage of them want the kids, some percentage of them want the life of the um Mexican fisher, that's life of the um Mexican fisher, that's life of the um Mexican fisher, that's [ __ ] dope, man. and watch watch a [ __ ] dope, man. and watch watch a [ __ ] dope, man. and watch watch a season of alone and ask yourself how season of alone and ask yourself how season of alone and ask yourself how many people had to create new many people had to create new many people had to create new innovations in uh shelter and fishing to innovations in uh shelter and fishing to innovations in uh shelter and fishing to make it possible such that there was so make it possible such that there was so make it possible such that there was so much surplus that people could fish a much surplus that people could fish a much surplus that people could fish a little when they want play music with little when they want play music with little when they want play music with their friends have a siesta that's the their friends have a siesta that's the their friends have a siesta that's the glory of civilization and how far we glory of civilization and how far we glory of civilization and how far we have come the sad downside of how far we have come the sad downside of how far we have come the sad downside of how far we have come as a civilization is that we have come as a civilization is that we have come as a civilization is that we think the ability to fish a little and think the ability to fish a little and think the ability to fish a little and siesta and play music with our friends siesta and play music with our friends siesta and play music with our friends is a natural state of the world. It is is a natural state of the world. It is is a natural state of the world. It is not. The natural state of the world is not. The natural state of the world is not. The natural state of the world is starvation, freezing to death. Um, starvation, freezing to death. Um, starvation, freezing to death. Um, seeing your women raped by the seeing your women raped by the seeing your women raped by the neighboring village that comes to neighboring village that comes to neighboring village that comes to conquer you and take one of the only um conquer you and take one of the only um conquer you and take one of the only um assets that have mattered throughout assets that have mattered throughout assets that have mattered throughout human history, which is women's ability human history, which is women's ability human history, which is women's ability to bear children. So yeah, I it's both to bear children. So yeah, I it's both to bear children. So yeah, I it's both simultaneously beautiful that we've been simultaneously beautiful that we've been simultaneously beautiful that we've been as successful for as long as we have as successful for as long as we have as successful for as long as we have that people legitimately don't that people legitimately don't that people legitimately don't understand what the world really is and understand what the world really is and understand what the world really is and terrifying that the reason that history terrifying that the reason that history terrifying that the reason that history repeats is we become so successful that repeats is we become so successful that repeats is we become so successful that people forget that some percentage of people forget that some percentage of people forget that some percentage of people need to innovate. Some percentage people need to innovate. Some percentage people need to innovate. Some percentage of people need to make sure that we're of people need to make sure that we're of people need to make sure that we're protected from others. that the economy protected from others. that the economy protected from others. that the economy is exactly how a thriving economy is how is exactly how a thriving economy is how is exactly how a thriving economy is how we fought back against nature because we we fought back against nature because we we fought back against nature because we are able to inspire and incentivize the are able to inspire and incentivize the are able to inspire and incentivize the people that are ambitious. Not that people that are ambitious. Not that people that are ambitious. Not that everybody should want to be ambitious, everybody should want to be ambitious, everybody should want to be ambitious, but the people that are ambitious but the people that are ambitious but the people that are ambitious realize I don't have to steal my wealth. realize I don't have to steal my wealth. realize I don't have to steal my wealth. I can make something beautiful that I can make something beautiful that I can make something beautiful that people really want that they value more people really want that they value more people really want that they value more than the money that they've worked their than the money that they've worked their than the money that they've worked their asses off to gain and they want to buy asses off to gain and they want to buy asses off to gain and they want to buy this thing from me and that unlike this thing from me and that unlike this thing from me and that unlike hundreds of years ago where the only way hundreds of years ago where the only way hundreds of years ago where the only way to get wealthier was to conquer a nation to get wealthier was to conquer a nation to get wealthier was to conquer a nation and to take their stuff to steal it by and to take their stuff to steal it by and to take their stuff to steal it by force. Now the shest way to get wealthy force. Now the shest way to get wealthy force. Now the shest way to get wealthy is to invent something that is better is to invent something that is better is to invent something that is better than everything else that's out there than everything else that's out there than everything else that's out there that innovates and pushes the world that innovates and pushes the world that innovates and pushes the world forward and adds value. And that is how forward and adds value. And that is how forward and adds value. And that is how people can now get wealthy. But we've people can now get wealthy. But we've people can now get wealthy. But we've lost sight of it. And so people will lost sight of it. And so people will lost sight of it. And so people will listen to that [ __ ] stupid outofc listen to that [ __ ] stupid outofc listen to that [ __ ] stupid outofc context story as if that doesn't ride on context story as if that doesn't ride on context story as if that doesn't ride on the back of civilization pulling itself the back of civilization pulling itself the back of civilization pulling itself out of out of out of millennia, hundreds of thousands of millennia, hundreds of thousands of millennia, hundreds of thousands of years of pain, suffering, toil, rape, years of pain, suffering, toil, rape, years of pain, suffering, toil, rape, pillaging. It's [ __ ] wild. And so pillaging. It's [ __ ] wild. And so pillaging. It's [ __ ] wild. And so wherever you start the story is going to wherever you start the story is going to wherever you start the story is going to determine what you see. But the determine what you see. But the determine what you see. But the mechanisms underlying all of it are the mechanisms underlying all of it are the mechanisms underlying all of it are the human psyche. And the way that the human human psyche. And the way that the human human psyche. And the way that the human psyche works is people will expand until psyche works is people will expand until psyche works is people will expand until they hit a sufficient moral or physical they hit a sufficient moral or physical they hit a sufficient moral or physical force that stops them. And that's it. force that stops them. And that's it. force that stops them. And that's it. And so you let your society break down And so you let your society break down And so you let your society break down at your own peril. at your own peril. at your own peril. >> All right, we got some super chats. >> All right, we got some super chats. >> All right, we got some super chats. >> Yes, we do. First up comes from Marushia >> Yes, we do. First up comes from Marushia >> Yes, we do. First up comes from Marushia Dark. Instead of cash, do you think UBI Dark. Instead of cash, do you think UBI Dark. Instead of cash, do you think UBI looks more like here's your looks more like here's your looks more like here's your governmentissued tiny home complete with governmentissued tiny home complete with governmentissued tiny home complete with VR glasses, Optimus 3D printer, and Mac VR glasses, Optimus 3D printer, and Mac VR glasses, Optimus 3D printer, and Mac Mini agent to DIY all your remaining Mini agent to DIY all your remaining Mini agent to DIY all your remaining issues, plus a Whimo to the local issues, plus a Whimo to the local issues, plus a Whimo to the local Walmart and clinic. Walmart and clinic. Walmart and clinic. That's pretty dope. Uh, that's dystopian That's pretty dope. Uh, that's dystopian That's pretty dope. Uh, that's dystopian and very likely to hit a certain and very likely to hit a certain and very likely to hit a certain percentage of the population. Here's percentage of the population. Here's percentage of the population. Here's what I really think. what I really think. what I really think. The world's going to look distressingly The world's going to look distressingly The world's going to look distressingly similar to the way that it is now. It's similar to the way that it is now. It's similar to the way that it is now. It's just that the floor will have been just that the floor will have been just that the floor will have been raised and that is an unmitigated good raised and that is an unmitigated good raised and that is an unmitigated good and thank God. But the problem is once and thank God. But the problem is once and thank God. But the problem is once you don't have to think about uh food, you don't have to think about uh food, you don't have to think about uh food, shelter, entertainment, all of that, shelter, entertainment, all of that, shelter, entertainment, all of that, you're going to have to contend with you're going to have to contend with you're going to have to contend with meaning and purpose. Because meaning and meaning and purpose. Because meaning and meaning and purpose. Because meaning and purpose was evolution's way of making purpose was evolution's way of making purpose was evolution's way of making sure that you went out and fought for sure that you went out and fought for sure that you went out and fought for the group, willing to die for the group, the group, willing to die for the group, the group, willing to die for the group, willing to do whatever it took to get willing to do whatever it took to get willing to do whatever it took to get the fish and uh build the shelter and uh the fish and uh build the shelter and uh the fish and uh build the shelter and uh fight against the invading army. all of fight against the invading army. all of fight against the invading army. all of that and that and that and that algorithm still runs in the human that algorithm still runs in the human that algorithm still runs in the human brain even we don't you don't have to do brain even we don't you don't have to do brain even we don't you don't have to do any of that. And so there are still any of that. And so there are still any of that. And so there are still going to be some people that are going to be some people that are going to be some people that are ambitious. There are still going to be ambitious. There are still going to be ambitious. There are still going to be people that are jealous that somebody people that are jealous that somebody people that are jealous that somebody else has more than them. And because of else has more than them. And because of else has more than them. And because of that we will invent scarcity if we need that we will invent scarcity if we need that we will invent scarcity if we need to to still play status games. But there to to still play status games. But there to to still play status games. But there are some things that will make that are some things that will make that are some things that will make that obvious. So if you want to live in obvious. So if you want to live in obvious. So if you want to live in Manhattan or if you want uh to live in Manhattan or if you want uh to live in Manhattan or if you want uh to live in the Palisades, eventually it becomes the Palisades, eventually it becomes the Palisades, eventually it becomes this thing is unique and I can't this thing is unique and I can't this thing is unique and I can't replicate this down the road. I can only replicate this down the road. I can only replicate this down the road. I can only get it right here. And so then the get it right here. And so then the get it right here. And so then the question will be asked, well, who gets question will be asked, well, who gets question will be asked, well, who gets these things? And the answer will be these things? And the answer will be these things? And the answer will be something like some sort of currency. something like some sort of currency. something like some sort of currency. And so we'll be right back at we allow And so we'll be right back at we allow And so we'll be right back at we allow people to earn more of this thing that people to earn more of this thing that people to earn more of this thing that we make up called money. And then we make up called money. And then we make up called money. And then whoever has more of it, they can pay for whoever has more of it, they can pay for whoever has more of it, they can pay for that thing. Uh, and you're you're gonna that thing. Uh, and you're you're gonna that thing. Uh, and you're you're gonna be right back here. We've been raising be right back here. We've been raising be right back here. We've been raising the floor on what the bottom has to deal the floor on what the bottom has to deal the floor on what the bottom has to deal with. Think about it now. You can be with. Think about it now. You can be with. Think about it now. You can be homeless. You get a tent. Uh, people homeless. You get a tent. Uh, people homeless. You get a tent. Uh, people come by and give you clean needles. come by and give you clean needles. come by and give you clean needles. Like, it's [ __ ] wild. So, even a Like, it's [ __ ] wild. So, even a Like, it's [ __ ] wild. So, even a homeless person is way better off than homeless person is way better off than homeless person is way better off than people 10,000 years ago. So, you're in a people 10,000 years ago. So, you're in a people 10,000 years ago. So, you're in a safe and stable society. It's just it's safe and stable society. It's just it's safe and stable society. It's just it's wild. So, raising the floor, wild. So, raising the floor, wild. So, raising the floor, unfortunately, won't change the human unfortunately, won't change the human unfortunately, won't change the human psyche. Um, now will AI make psyche. Um, now will AI make psyche. Um, now will AI make breakthroughs that allow us to change breakthroughs that allow us to change breakthroughs that allow us to change the human psyche? Maybe. But until you the human psyche? Maybe. But until you the human psyche? Maybe. But until you change the human psyche, this is all change the human psyche, this is all change the human psyche, this is all going to look pretty familiar, just with going to look pretty familiar, just with going to look pretty familiar, just with a much better floor. Again, unmitigated a much better floor. Again, unmitigated a much better floor. Again, unmitigated good. Thank God. So excited. Can't wait. good. Thank God. So excited. Can't wait. good. Thank God. So excited. Can't wait. Uh, but nonetheless, people will still Uh, but nonetheless, people will still Uh, but nonetheless, people will still have to contend with other things. And have to contend with other things. And have to contend with other things. And one of the things that people will do is one of the things that people will do is one of the things that people will do is numb themselves out. So, could be drugs, numb themselves out. So, could be drugs, numb themselves out. So, could be drugs, could be VR, whatever, but they will could be VR, whatever, but they will could be VR, whatever, but they will numb themselves out. Marishia Dark says, numb themselves out. Marishia Dark says, numb themselves out. Marishia Dark says, "Previously, you told me that between "Previously, you told me that between "Previously, you told me that between truth and utility, to always choose truth and utility, to always choose truth and utility, to always choose truth because it's the highest utility. truth because it's the highest utility. truth because it's the highest utility. How does that square with you telling How does that square with you telling How does that square with you telling Drew last week to lie to Lynn if it's Drew last week to lie to Lynn if it's Drew last week to lie to Lynn if it's useful in producing better outcomes? useful in producing better outcomes? useful in producing better outcomes? >> He will have to show me um the exact >> He will have to show me um the exact >> He will have to show me um the exact words that I said. Now I'm I have a words that I said. Now I'm I have a words that I said. Now I'm I have a feeling that I was being very loose with feeling that I was being very loose with feeling that I was being very loose with the word truth because truth can mean the word truth because truth can mean the word truth because truth can mean two different things. There is uh two different things. There is uh two different things. There is uh physics physics physics truth. truth. truth. There is my truth truth. There is my truth truth. There is my truth truth. uh much of what humans see as truth and uh much of what humans see as truth and uh much of what humans see as truth and by the way it's a very um useful way to by the way it's a very um useful way to by the way it's a very um useful way to think about the world that yeah we think think about the world that yeah we think think about the world that yeah we think these things are all true. Um so the these things are all true. Um so the these things are all true. Um so the United States Constitution is founded on United States Constitution is founded on United States Constitution is founded on a lie that we all accept as truth and a lie that we all accept as truth and a lie that we all accept as truth and it's very useful. For instance um we it's very useful. For instance um we it's very useful. For instance um we hold these truths to be self-evident. hold these truths to be self-evident. hold these truths to be self-evident. All men are created equal. Now, we know All men are created equal. Now, we know All men are created equal. Now, we know that that isn't true. So, you could say, that that isn't true. So, you could say, that that isn't true. So, you could say, "Whoa, whoa, whoa." It is true. It's We "Whoa, whoa, whoa." It is true. It's We "Whoa, whoa, whoa." It is true. It's We use the word created, not born very use the word created, not born very use the word created, not born very intentionally. They are created by God intentionally. They are created by God intentionally. They are created by God to be morally equal. Okay, cool. I love to be morally equal. Okay, cool. I love to be morally equal. Okay, cool. I love it. I love it because it works so well it. I love it because it works so well it. I love it because it works so well and it's given us America on the back of and it's given us America on the back of and it's given us America on the back of that. But that isn't physics truth. So that. But that isn't physics truth. So that. But that isn't physics truth. So physics truth is certain muscle fiber physics truth is certain muscle fiber physics truth is certain muscle fiber contracts harder than others, can move contracts harder than others, can move contracts harder than others, can move faster than others, and when the two of faster than others, and when the two of faster than others, and when the two of you meet on a battlefield, if you were you meet on a battlefield, if you were you meet on a battlefield, if you were equally trained, the person with the equally trained, the person with the equally trained, the person with the better muscle fiber is going to win. Uh, better muscle fiber is going to win. Uh, better muscle fiber is going to win. Uh, so so so that's physics truth. So that's where that's physics truth. So that's where that's physics truth. So that's where I'm sure I was just being a little bit I'm sure I was just being a little bit I'm sure I was just being a little bit sloppy with those two things and I will sloppy with those two things and I will sloppy with those two things and I will continue to do so in the future because continue to do so in the future because continue to do so in the future because Jesus Christ, having to walk people Jesus Christ, having to walk people Jesus Christ, having to walk people through that every time that I want to through that every time that I want to through that every time that I want to use the word truth. I Yeah. Anyway, so use the word truth. I Yeah. Anyway, so use the word truth. I Yeah. Anyway, so that's how you square it. I'm talking that's how you square it. I'm talking that's how you square it. I'm talking about when Drew and I were talking is about when Drew and I were talking is about when Drew and I were talking is something I find deeply uncomfortable. I something I find deeply uncomfortable. I something I find deeply uncomfortable. I hate that this is true, but he may be hate that this is true, but he may be hate that this is true, but he may be actually better if if his goal is for actually better if if his goal is for actually better if if his goal is for Lynn to thrive uh emotionally and Lynn to thrive uh emotionally and Lynn to thrive uh emotionally and economically moving forward in her life. economically moving forward in her life. economically moving forward in her life. he may be better off lying to her in a he may be better off lying to her in a he may be better off lying to her in a highly strategic fashion such that when highly strategic fashion such that when highly strategic fashion such that when she uncovers the truth, it feels like she uncovers the truth, it feels like she uncovers the truth, it feels like more depth on a true thing that he told more depth on a true thing that he told more depth on a true thing that he told her and not an outright fabrication so her and not an outright fabrication so her and not an outright fabrication so that he that he that he shown a spotlight on some things and not shown a spotlight on some things and not shown a spotlight on some things and not others. So when she discovers the other others. So when she discovers the other others. So when she discovers the other thing, she'll be like, "hm, dad really thing, she'll be like, "hm, dad really thing, she'll be like, "hm, dad really framed this. Uh, this is a far more framed this. Uh, this is a far more framed this. Uh, this is a far more complicated world than I was led to complicated world than I was led to complicated world than I was led to believe." And then you go, "Yeah, that's believe." And then you go, "Yeah, that's believe." And then you go, "Yeah, that's just the way life is." You give a kid just the way life is." You give a kid just the way life is." You give a kid what they're able to swallow and a what they're able to swallow and a what they're able to swallow and a vision of themselves in the world that vision of themselves in the world that vision of themselves in the world that they live in that's useful in helping they live in that's useful in helping they live in that's useful in helping them fall in love and raise families and them fall in love and raise families and them fall in love and raise families and do well in terms of a career and all do well in terms of a career and all do well in terms of a career and all those things. Um, and we don't do things those things. Um, and we don't do things those things. Um, and we don't do things that might be more accurate to just raw that might be more accurate to just raw that might be more accurate to just raw facts but spiral people out of control. facts but spiral people out of control. facts but spiral people out of control. Especially the humans just very humans Especially the humans just very humans Especially the humans just very humans have a very hard time parsing the full have a very hard time parsing the full have a very hard time parsing the full complexity of things. they are far more complexity of things. they are far more complexity of things. they are far more likely to at some point wrap it up into likely to at some point wrap it up into likely to at some point wrap it up into a narrative anyway. Uh, and oftentimes a a narrative anyway. Uh, and oftentimes a a narrative anyway. Uh, and oftentimes a narrative they wrap it up into, at least narrative they wrap it up into, at least narrative they wrap it up into, at least in the moment that we're living in. Uh, in the moment that we're living in. Uh, in the moment that we're living in. Uh, the narratives that people are wrapping the narratives that people are wrapping the narratives that people are wrapping things up into are self-destructive. So, things up into are self-destructive. So, things up into are self-destructive. So, in this particular moment in history, in this particular moment in history, in this particular moment in history, that would be why I would say Drew that would be why I would say Drew that would be why I would say Drew should at least explore that. Um, I find should at least explore that. Um, I find should at least explore that. Um, I find it uncomfortable enough that I can't it uncomfortable enough that I can't it uncomfortable enough that I can't just give a hardcore screed about it. just give a hardcore screed about it. just give a hardcore screed about it. Screed, screed, I'm not sure what the Screed, screed, I'm not sure what the Screed, screed, I'm not sure what the real word is there, but hopefully you real word is there, but hopefully you real word is there, but hopefully you know what I mean. Um, period. We'll stop know what I mean. Um, period. We'll stop know what I mean. Um, period. We'll stop there. there. there. >> Delivery Boy says, "Sorry for the bad >> Delivery Boy says, "Sorry for the bad >> Delivery Boy says, "Sorry for the bad TV, but I need a One Piece update. TV, but I need a One Piece update. TV, but I need a One Piece update. Episode you're on. Favorite least Episode you're on. Favorite least Episode you're on. Favorite least favorite character and arc so far. Sub favorite character and arc so far. Sub favorite character and arc so far. Sub or dub? Love your show. Keep it up." or dub? Love your show. Keep it up." or dub? Love your show. Keep it up." >> Uh, the episode is going to be roughly >> Uh, the episode is going to be roughly >> Uh, the episode is going to be roughly like 760, like 760, like 760, I think, somewhere in there. So, I'm I think, somewhere in there. So, I'm I think, somewhere in there. So, I'm [ __ ] deep. Uh, favorite arc is Enis [ __ ] deep. Uh, favorite arc is Enis [ __ ] deep. Uh, favorite arc is Enis Lobby. How could anybody have another Lobby. How could anybody have another Lobby. How could anybody have another favorite arc than that? Uh, especially favorite arc than that? Uh, especially favorite arc than that? Uh, especially when you get Water Town followed by Enis when you get Water Town followed by Enis when you get Water Town followed by Enis Lobby. Those two back toback are just Lobby. Those two back toback are just Lobby. Those two back toback are just beyond uh emotionally powerful. I'm beyond uh emotionally powerful. I'm beyond uh emotionally powerful. I'm really really incredible what make One really really incredible what make One really really incredible what make One Piece one of the greatest pieces of IP Piece one of the greatest pieces of IP Piece one of the greatest pieces of IP ever. Uh Marine Ford is good, but I ever. Uh Marine Ford is good, but I ever. Uh Marine Ford is good, but I can't believe that people prefer that. can't believe that people prefer that. can't believe that people prefer that. Like that's wild to me. Uh so period. Like that's wild to me. Uh so period. Like that's wild to me. Uh so period. >> What about character? >> What about character? >> What about character? >> Character. >> Character. >> Character. >> Uh so Usopp I think is the best >> Uh so Usopp I think is the best >> Uh so Usopp I think is the best character. Uh Usopp represents that character. Uh Usopp represents that character. Uh Usopp represents that courage is not the absence of fear. It courage is not the absence of fear. It courage is not the absence of fear. It is moving forward in the face of fear. is moving forward in the face of fear. is moving forward in the face of fear. Uh, so yeah, I I spotted him early on as Uh, so yeah, I I spotted him early on as Uh, so yeah, I I spotted him early on as being I think this is going to be my guy being I think this is going to be my guy being I think this is going to be my guy and he has continued to be my favorite. and he has continued to be my favorite. and he has continued to be my favorite. I mean, he's like the core of Water 7. I mean, he's like the core of Water 7. I mean, he's like the core of Water 7. Uh, echoing into Enis Lab. Yeah, it's Uh, echoing into Enis Lab. Yeah, it's Uh, echoing into Enis Lab. Yeah, it's all amazing. all amazing. all amazing. >> Uh, I'm on Arabasta right now. >> Uh, I'm on Arabasta right now. >> Uh, I'm on Arabasta right now. >> Let's go. Alabasta's early days, man. >> Let's go. Alabasta's early days, man. >> Let's go. Alabasta's early days, man. Enjoy it. It's a great ride. Enjoy it. It's a great ride. Enjoy it. It's a great ride. >> Subra dubs. >> Subra dubs. >> Subra dubs. >> Oh, yeah. >> Oh, yeah. >> Oh, yeah. >> Subdub. >> Subdub. >> Subdub. >> Sorry, you guys are doing a good job of >> Sorry, you guys are doing a good job of >> Sorry, you guys are doing a good job of cataloging the nested questions. Uh, I cataloging the nested questions. Uh, I cataloging the nested questions. Uh, I am all about dubs. So, um, I don't am all about dubs. So, um, I don't am all about dubs. So, um, I don't understand why people, look, I get it. understand why people, look, I get it. understand why people, look, I get it. The performance of the Japanese feels The performance of the Japanese feels The performance of the Japanese feels like music and so they're very like like music and so they're very like like music and so they're very like emotionally all over the place, but you emotionally all over the place, but you emotionally all over the place, but you have to read. You can't intake the have to read. You can't intake the have to read. You can't intake the visual imagery as strong as you can if visual imagery as strong as you can if visual imagery as strong as you can if you're just watching. So, for me, it's you're just watching. So, for me, it's you're just watching. So, for me, it's like crazy that people will when they like crazy that people will when they like crazy that people will when they have a choice that they would do uh have a choice that they would do uh have a choice that they would do uh subtitles. That's wild. So, if I don't subtitles. That's wild. So, if I don't subtitles. That's wild. So, if I don't have a choice, I'll do subtitles, but if have a choice, I'll do subtitles, but if have a choice, I'll do subtitles, but if I do, dubs. I'm sub usually first watch I do, dubs. I'm sub usually first watch I do, dubs. I'm sub usually first watch and then I flip it when I come back is and then I flip it when I come back is and then I flip it when I come back is usually how I do it because then I'm usually how I do it because then I'm usually how I do it because then I'm getting two experiences. But getting two experiences. But getting two experiences. But >> wow, there's two people. There's too >> wow, there's two people. There's too >> wow, there's two people. There's too much anime out there to do twice. I just much anime out there to do twice. I just much anime out there to do twice. I just can't fathom. can't fathom. can't fathom. >> Uh, next up, Superman says, "Japanese >> Uh, next up, Superman says, "Japanese >> Uh, next up, Superman says, "Japanese was similar to Iran during World War II. was similar to Iran during World War II. was similar to Iran during World War II. They would negotiate, but had to own They would negotiate, but had to own They would negotiate, but had to own actions of their troops. They could be actions of their troops. They could be actions of their troops. They could be saying the correct things in the room, saying the correct things in the room, saying the correct things in the room, but don't have a centralized control but don't have a centralized control but don't have a centralized control over their forces." Just a thought. over their forces." Just a thought. over their forces." Just a thought. Yeah, I hate that thought because the Yeah, I hate that thought because the Yeah, I hate that thought because the way that we solved that issue was way that we solved that issue was way that we solved that issue was nuclear weapons. So, let's hope we don't nuclear weapons. So, let's hope we don't nuclear weapons. So, let's hope we don't find ourselves in some stupid ass find ourselves in some stupid ass find ourselves in some stupid ass position like that. position like that. position like that. >> Daniel Wards says, "Tom, what are the >> Daniel Wards says, "Tom, what are the >> Daniel Wards says, "Tom, what are the chances this had something to do with chances this had something to do with chances this had something to do with installing a central bank?" installing a central bank?" installing a central bank?" >> It it it is 100%. It you can't do this >> It it it is 100%. It you can't do this >> It it it is 100%. It you can't do this without a central bank. I so want people without a central bank. I so want people without a central bank. I so want people to internalize that. Uh this is a to internalize that. Uh this is a to internalize that. Uh this is a mechanism. The only way to create the mechanism. The only way to create the mechanism. The only way to create the wealth pump that makes billionaires wealth pump that makes billionaires wealth pump that makes billionaires billionaires to get to get that upward billionaires to get to get that upward billionaires to get to get that upward spiral um you have to have a central spiral um you have to have a central spiral um you have to have a central bank. It it it isn't mechanistically bank. It it it isn't mechanistically bank. It it it isn't mechanistically possible without a central bank. I just possible without a central bank. I just possible without a central bank. I just can't stress that enough. can't stress that enough. can't stress that enough. >> Uh MAD GP45s >> Uh MAD GP45s >> Uh MAD GP45s says wage equals show up. Capital gains says wage equals show up. Capital gains says wage equals show up. Capital gains equals invest risk and bismakers. We equals invest risk and bismakers. We equals invest risk and bismakers. We reward people that take risks and reward people that take risks and reward people that take risks and makers. Fisherman's story is selfish. He makers. Fisherman's story is selfish. He makers. Fisherman's story is selfish. He didn't help or build for others. My didn't help or build for others. My didn't help or build for others. My Mexican uncle started the B2B, wholesale Mexican uncle started the B2B, wholesale Mexican uncle started the B2B, wholesale biz, and a store from nothing. biz, and a store from nothing. biz, and a store from nothing. >> I I agree with all of that. The only >> I I agree with all of that. The only >> I I agree with all of that. The only thing I will say is don't [ __ ] on a thing I will say is don't [ __ ] on a thing I will say is don't [ __ ] on a worker who wants to do their thing, add worker who wants to do their thing, add worker who wants to do their thing, add value, and is willing to accept that value, and is willing to accept that value, and is willing to accept that they're not going to make as much money. they're not going to make as much money. they're not going to make as much money. Um, I it's it's a beautiful existence. Um, I it's it's a beautiful existence. Um, I it's it's a beautiful existence. Are they riding on the shoulders of all Are they riding on the shoulders of all Are they riding on the shoulders of all the giants and all the sacrifices that the giants and all the sacrifices that the giants and all the sacrifices that came before them? Of course they are. came before them? Of course they are. came before them? Of course they are. But at the same time, man, like to just But at the same time, man, like to just But at the same time, man, like to just want to be Sparta forever is not want to be Sparta forever is not want to be Sparta forever is not interesting. So we need to be in like interesting. So we need to be in like interesting. So we need to be in like this banded reality. I don't want this banded reality. I don't want this banded reality. I don't want everybody to have to live a Spartan life everybody to have to live a Spartan life everybody to have to live a Spartan life such that even when wealth is available such that even when wealth is available such that even when wealth is available that you're seemingly not fighting for that you're seemingly not fighting for that you're seemingly not fighting for everybody. Everybody has to be on the everybody. Everybody has to be on the everybody. Everybody has to be on the wall. Everybody has to be as hard as wall. Everybody has to be as hard as wall. Everybody has to be as hard as you. Like that that's not interesting. you. Like that that's not interesting. you. Like that that's not interesting. Let the people that want to be hard, let Let the people that want to be hard, let Let the people that want to be hard, let the people that want to innovate, let the people that want to innovate, let the people that want to innovate, let them do that and celebrate them and be them do that and celebrate them and be them do that and celebrate them and be grateful for them. When you see somebody grateful for them. When you see somebody grateful for them. When you see somebody in the military, thank them for their in the military, thank them for their in the military, thank them for their service. I thank parents for their service. I thank parents for their service. I thank parents for their service. I am so grateful to people that service. I am so grateful to people that service. I am so grateful to people that raise kids well. Uh so listen, you raise kids well. Uh so listen, you raise kids well. Uh so listen, you should want a society where things are should want a society where things are should want a society where things are better for the next generation, but you better for the next generation, but you better for the next generation, but you should also demand of your society that should also demand of your society that should also demand of your society that you can't get that soft. Like from a you can't get that soft. Like from a you can't get that soft. Like from a what do we celebrate perspective like what do we celebrate perspective like what do we celebrate perspective like you've got to celebrate the people that you've got to celebrate the people that you've got to celebrate the people that go hard. And right now we are vilifying go hard. And right now we are vilifying go hard. And right now we are vilifying people that go hard. Now remember, part people that go hard. Now remember, part people that go hard. Now remember, part of why we end up vilifying them is we of why we end up vilifying them is we of why we end up vilifying them is we have allowed the economy to be have allowed the economy to be have allowed the economy to be weaponized against us by who? By weaponized against us by who? By weaponized against us by who? By politicians and bankers. Okay, that's politicians and bankers. Okay, that's politicians and bankers. Okay, that's how this is all weaponized against you. how this is all weaponized against you. how this is all weaponized against you. The billionaire class then leverages The billionaire class then leverages The billionaire class then leverages politicians and the upward spiral of a politicians and the upward spiral of a politicians and the upward spiral of a system that was broken by people voting system that was broken by people voting system that was broken by people voting for free [ __ ] for free [ __ ] for free [ __ ] electing politicians that will give them electing politicians that will give them electing politicians that will give them free [ __ ] and then a central bank that's free [ __ ] and then a central bank that's free [ __ ] and then a central bank that's like, "Don't worry, fam. We got you. like, "Don't worry, fam. We got you. like, "Don't worry, fam. We got you. We're just going to print money if we We're just going to print money if we We're just going to print money if we need to to keep things humming." And the need to to keep things humming." And the need to to keep things humming." And the bad news is it really works. It really bad news is it really works. It really bad news is it really works. It really works. Remember, central banks are a works. Remember, central banks are a works. Remember, central banks are a trade-off. They're not pure evil. If the trade-off. They're not pure evil. If the trade-off. They're not pure evil. If the human mind were such that we could go human mind were such that we could go human mind were such that we could go steal a little but not too much, we'd be steal a little but not too much, we'd be steal a little but not too much, we'd be just fine. The problem is we get to the just fine. The problem is we get to the just fine. The problem is we get to the point where politicians are like, "No, point where politicians are like, "No, point where politicians are like, "No, no, no. We're not having a recession on no, no. We're not having a recession on no, no. We're not having a recession on my watch." So 2008 comes, we're like, my watch." So 2008 comes, we're like, my watch." So 2008 comes, we're like, "Nope. We are going to print our way out "Nope. We are going to print our way out "Nope. We are going to print our way out of this." And COVID comes and we can of this." And COVID comes and we can of this." And COVID comes and we can maintain lunatic lockdowns because we're maintain lunatic lockdowns because we're maintain lunatic lockdowns because we're just like, "No, no, no, all good. We'll just like, "No, no, no, all good. We'll just like, "No, no, no, all good. We'll just print the money." what we should just print the money." what we should just print the money." what we should have done. You have to let people who have done. You have to let people who have done. You have to let people who put capital at risk, you have to let put capital at risk, you have to let put capital at risk, you have to let them lose their money. You have to them lose their money. You have to them lose their money. You have to otherwise the system never clears the otherwise the system never clears the otherwise the system never clears the dead brush and you get a California dead brush and you get a California dead brush and you get a California forest fire uh which is inflation. And I forest fire uh which is inflation. And I forest fire uh which is inflation. And I know people like to think that inflation know people like to think that inflation know people like to think that inflation is no big deal, but in the last six is no big deal, but in the last six is no big deal, but in the last six years, you've had 30% inflation. That years, you've had 30% inflation. That years, you've had 30% inflation. That means if you had $100, you now have 70. means if you had $100, you now have 70. means if you had $100, you now have 70. I know it doesn't look like that in your I know it doesn't look like that in your I know it doesn't look like that in your bank, but that's the effect in terms of bank, but that's the effect in terms of bank, but that's the effect in terms of what you can purchase. It's insane. what you can purchase. It's insane. what you can purchase. It's insane. That's six years. Six. That's six years. Six. That's six years. Six. >> Jaywalk 92 says, "Wealth is >> Jaywalk 92 says, "Wealth is >> Jaywalk 92 says, "Wealth is Schrodinger's money. Cash is the cat. Schrodinger's money. Cash is the cat. Schrodinger's money. Cash is the cat. Stock markets and assets in the box. And Stock markets and assets in the box. And Stock markets and assets in the box. And wealth is the probability of that cat wealth is the probability of that cat wealth is the probability of that cat being alive. Value up or dead, value being alive. Value up or dead, value being alive. Value up or dead, value down. Selling is opening the box." down. Selling is opening the box." down. Selling is opening the box." >> Wow. I like that. That's bang on. That's >> Wow. I like that. That's bang on. That's >> Wow. I like that. That's bang on. That's really interesting. The problem is you really interesting. The problem is you really interesting. The problem is you poison the cat no matter what because poison the cat no matter what because poison the cat no matter what because opening the box by its very nature is opening the box by its very nature is opening the box by its very nature is poisonous. That's the bad news. So you poisonous. That's the bad news. So you poisonous. That's the bad news. So you always hope that people do it very always hope that people do it very always hope that people do it very little at a time. But that's volatility little at a time. But that's volatility little at a time. But that's volatility in the market. When a bunch of people in the market. When a bunch of people in the market. When a bunch of people sell, price drops. Then people go, "Oh, sell, price drops. Then people go, "Oh, sell, price drops. Then people go, "Oh, no. I think this is valuable. These guys no. I think this is valuable. These guys no. I think this is valuable. These guys are fools to sell." And they buy and the are fools to sell." And they buy and the are fools to sell." And they buy and the price goes back up. So uh yeah, you price goes back up. So uh yeah, you price goes back up. So uh yeah, you don't want coordinated selling like you don't want coordinated selling like you don't want coordinated selling like you will get with a wealth tax. All right, will get with a wealth tax. All right, will get with a wealth tax. All right, we got to jump over to Europe because we got to jump over to Europe because we got to jump over to Europe because everybody's dying because it's so hot everybody's dying because it's so hot everybody's dying because it's so hot outside. outside. outside. >> This is crazy. >> This is crazy. >> This is crazy. >> There's more heat thefts than there are >> There's more heat thefts than there are >> There's more heat thefts than there are gun deaths in America. And I just gun deaths in America. And I just gun deaths in America. And I just thought that that was a fascinating stat thought that that was a fascinating stat thought that that was a fascinating stat and we should talk about that. Um, but and we should talk about that. Um, but and we should talk about that. Um, but here are the stats as it is as it stands here are the stats as it is as it stands here are the stats as it is as it stands right now from the last week 24th to the right now from the last week 24th to the right now from the last week 24th to the 26th of 2026. 1450 people in Paris, not 26th of 2026. 1450 people in Paris, not 26th of 2026. 1450 people in Paris, not 620 in London, 520 in Milan, 340 in 620 in London, 520 in Milan, 340 in 620 in London, 520 in Milan, 340 in Barcelona, 310 in Berlin, and the Barcelona, 310 in Berlin, and the Barcelona, 310 in Berlin, and the numbers keep going on. Um, there's a lot numbers keep going on. Um, there's a lot numbers keep going on. Um, there's a lot of different speculation about this, of different speculation about this, of different speculation about this, saying it's coming from their China, saying it's coming from their China, saying it's coming from their China, their climate policy. There's videos of their climate policy. There's videos of their climate policy. There's videos of China trolling them, putting AC in pig China trolling them, putting AC in pig China trolling them, putting AC in pig pens and things like that while people pens and things like that while people pens and things like that while people are literally dying in the streets of are literally dying in the streets of are literally dying in the streets of Europe because it's too hot. Europe because it's too hot. Europe because it's too hot. >> Yeah, >> Yeah, >> Yeah, >> China is literally trolling Europe, >> China is literally trolling Europe, >> China is literally trolling Europe, guys. Footage of pigs with AC in their guys. Footage of pigs with AC in their guys. Footage of pigs with AC in their pens uh being spread all over the pens uh being spread all over the pens uh being spread all over the internet as thousands die in another internet as thousands die in another internet as thousands die in another heat wave that is sweeping the European heat wave that is sweeping the European heat wave that is sweeping the European continent. Europe looks like lunatics to continent. Europe looks like lunatics to continent. Europe looks like lunatics to me. I th this this is so dumb and so me. I th this this is so dumb and so me. I th this this is so dumb and so crazy. What they should be doing is crazy. What they should be doing is crazy. What they should be doing is responding to the persistent heat waves responding to the persistent heat waves responding to the persistent heat waves that they've been experiencing that they've been experiencing that they've been experiencing uh in recent years. They should be uh in recent years. They should be uh in recent years. They should be responding by deregulating. Uh they responding by deregulating. Uh they responding by deregulating. Uh they should open up modern nuclear energy should open up modern nuclear energy should open up modern nuclear energy sites. They should be encouraging people sites. They should be encouraging people sites. They should be encouraging people to install life saving AC units. Okay, to install life saving AC units. Okay, to install life saving AC units. Okay, you could you could literally save lives you could you could literally save lives you could you could literally save lives just by installing ACU units. But just by installing ACU units. But just by installing ACU units. But instead, they're banging the global instead, they're banging the global instead, they're banging the global warming narrative harder and harder. warming narrative harder and harder. warming narrative harder and harder. They're admonishing people for just They're admonishing people for just They're admonishing people for just wanting AC, even though people are wanting AC, even though people are wanting AC, even though people are dying, for not having them. And they're dying, for not having them. And they're dying, for not having them. And they're telling families, this is a real story. telling families, this is a real story. telling families, this is a real story. They're telling families with members in They're telling families with members in They're telling families with members in the hospital to bring ice packs from the hospital to bring ice packs from the hospital to bring ice packs from home to help stabilize that person after home to help stabilize that person after home to help stabilize that person after surgery. Now, if you told me that this surgery. Now, if you told me that this surgery. Now, if you told me that this was somewhere in rural Africa, I might was somewhere in rural Africa, I might was somewhere in rural Africa, I might be like, "All right, well, [ __ ] I mean, be like, "All right, well, [ __ ] I mean, be like, "All right, well, [ __ ] I mean, you do what you can. If you've got a you do what you can. If you've got a you do what you can. If you've got a freezer and ice packs, [ __ ] bring freezer and ice packs, [ __ ] bring freezer and ice packs, [ __ ] bring them." But the reality is that they have them." But the reality is that they have them." But the reality is that they have done this to themselves. I understand done this to themselves. I understand done this to themselves. I understand the impulse. The climate is changing. the impulse. The climate is changing. the impulse. The climate is changing. Okay? Whether we're doing it or not, the Okay? Whether we're doing it or not, the Okay? Whether we're doing it or not, the climate is changing. So now the question climate is changing. So now the question climate is changing. So now the question becomes, how do you respond to it? So if becomes, how do you respond to it? So if becomes, how do you respond to it? So if I can get you all to just assume for a I can get you all to just assume for a I can get you all to just assume for a second, climate change is real. Okay? second, climate change is real. Okay? second, climate change is real. Okay? The answer is was and always will be. The answer is was and always will be. The answer is was and always will be. The way that you solve that is through The way that you solve that is through The way that you solve that is through innovation. It's not draconian innovation. It's not draconian innovation. It's not draconian regulations. It's never meant to it's regulations. It's never meant to it's regulations. It's never meant to it's never going to be that. Right? So if never going to be that. Right? So if never going to be that. Right? So if you've got draconian regulations that you've got draconian regulations that you've got draconian regulations that are trying to force people to live their are trying to force people to live their are trying to force people to live their lives like it's a hundred years ago, lives like it's a hundred years ago, lives like it's a hundred years ago, that is dumb by its very definition. Get that is dumb by its very definition. Get that is dumb by its very definition. Get those politicians out immediately. This those politicians out immediately. This those politicians out immediately. This is so [ __ ] crazy. You should be is so [ __ ] crazy. You should be is so [ __ ] crazy. You should be asking who benefits from this kind of asking who benefits from this kind of asking who benefits from this kind of policy because it is pure madness. Now, policy because it is pure madness. Now, policy because it is pure madness. Now, if it's hotter now because either we did if it's hotter now because either we did if it's hotter now because either we did it or just the world changes. This is it or just the world changes. This is it or just the world changes. This is what happens to the climate. It just what happens to the climate. It just what happens to the climate. It just moves. It doesn't matter whether we moves. It doesn't matter whether we moves. It doesn't matter whether we cause it or not. If it's hotter now, cause it or not. If it's hotter now, cause it or not. If it's hotter now, it's hotter now. What do you do about it's hotter now. What do you do about it's hotter now. What do you do about it? Now, the WHO is saying that more it? Now, the WHO is saying that more it? Now, the WHO is saying that more than 1300 excess deaths have been than 1300 excess deaths have been than 1300 excess deaths have been recorded across Europe just since June recorded across Europe just since June recorded across Europe just since June 21st. Okay. You need immediate 21st. Okay. You need immediate 21st. Okay. You need immediate intervention if that's true. Now, it's intervention if that's true. Now, it's intervention if that's true. Now, it's AC is a 100-year-old technology. It AC is a 100-year-old technology. It AC is a 100-year-old technology. It should already be widespread across should already be widespread across should already be widespread across Europe. And when I talk about regulatory Europe. And when I talk about regulatory Europe. And when I talk about regulatory capture, this is the kind of thing that capture, this is the kind of thing that capture, this is the kind of thing that I'm talking about. These are regulations I'm talking about. These are regulations I'm talking about. These are regulations brought to you by a stupid idea because brought to you by a stupid idea because brought to you by a stupid idea because again, if we're causing the problem, we again, if we're causing the problem, we again, if we're causing the problem, we have to innovate our way out of it. have to innovate our way out of it. have to innovate our way out of it. Because if you haven't seen the graphs, Because if you haven't seen the graphs, Because if you haven't seen the graphs, like Europe is like this in terms of like Europe is like this in terms of like Europe is like this in terms of like what they're doing on a CO2 like what they're doing on a CO2 like what they're doing on a CO2 emissions perspective, China is like emissions perspective, China is like emissions perspective, China is like this. The the discrepancy is so massive. this. The the discrepancy is so massive. this. The the discrepancy is so massive. No matter what Europe does, it isn't No matter what Europe does, it isn't No matter what Europe does, it isn't going to matter. So now the question going to matter. So now the question going to matter. So now the question becomes, are we just going to let people becomes, are we just going to let people becomes, are we just going to let people die? And so far Europe's answer is yes. die? And so far Europe's answer is yes. die? And so far Europe's answer is yes. They're actually stopping people from They're actually stopping people from They're actually stopping people from putting AC units in, which is absolute putting AC units in, which is absolute putting AC units in, which is absolute insanity. Partly because they don't have insanity. Partly because they don't have insanity. Partly because they don't have the energy to support it because in the energy to support it because in the energy to support it because in places like Germany, they've been taking places like Germany, they've been taking places like Germany, they've been taking nuclear energy offline, which is one of nuclear energy offline, which is one of nuclear energy offline, which is one of the great tragedies of the modern world. the great tragedies of the modern world. the great tragedies of the modern world. They are literally moving backwards from They are literally moving backwards from They are literally moving backwards from an innovation standpoint. Right now, an innovation standpoint. Right now, an innovation standpoint. Right now, France's public health agency alone has France's public health agency alone has France's public health agency alone has reported a thousand excess deaths just reported a thousand excess deaths just reported a thousand excess deaths just on its own since June 24th. Okay, most on its own since June 24th. Okay, most on its own since June 24th. Okay, most of these people are over 65. So now the of these people are over 65. So now the of these people are over 65. So now the question becomes when you have a question becomes when you have a question becomes when you have a solution like AC that's so obvious. Is solution like AC that's so obvious. Is solution like AC that's so obvious. Is the refusal to do anything about it the refusal to do anything about it the refusal to do anything about it because they actually want old people to because they actually want old people to because they actually want old people to die to free up tax dollars? Is this die to free up tax dollars? Is this die to free up tax dollars? Is this never let a good crisis go to waste? Or never let a good crisis go to waste? Or never let a good crisis go to waste? Or do they hope that by forcing people to do they hope that by forcing people to do they hope that by forcing people to stew in the heat that they'll finally stew in the heat that they'll finally stew in the heat that they'll finally accept more draconian regulations? accept more draconian regulations? accept more draconian regulations? Because look, see, we really are making Because look, see, we really are making Because look, see, we really are making the planet warmer. And by the way, if the planet warmer. And by the way, if the planet warmer. And by the way, if you want to say that, see, we really are you want to say that, see, we really are you want to say that, see, we really are making the planet warmer, just look at making the planet warmer, just look at making the planet warmer, just look at the math and go, Europe could literally the math and go, Europe could literally the math and go, Europe could literally just stop emitting anything. And given just stop emitting anything. And given just stop emitting anything. And given the trajectory that China's on, whatever the trajectory that China's on, whatever the trajectory that China's on, whatever I if we are the ones driving this, China I if we are the ones driving this, China I if we are the ones driving this, China will just keep driving it anyway. So will just keep driving it anyway. So will just keep driving it anyway. So you're not going to stop it, but you are you're not going to stop it, but you are you're not going to stop it, but you are going to cause people to die. So if going to cause people to die. So if going to cause people to die. So if you're in a situation where it's like, you're in a situation where it's like, you're in a situation where it's like, okay, it is hot now, regardless of what okay, it is hot now, regardless of what okay, it is hot now, regardless of what caused it, is there anything that we can caused it, is there anything that we can caused it, is there anything that we can do? Can we innovate our way out of this? do? Can we innovate our way out of this? do? Can we innovate our way out of this? One, we have a technology that allows us One, we have a technology that allows us One, we have a technology that allows us to immediately address the problem of to immediately address the problem of to immediately address the problem of people not dying, of being able to cool people not dying, of being able to cool people not dying, of being able to cool hospitals, being able to cool homes, but hospitals, being able to cool homes, but hospitals, being able to cool homes, but also we have nuclear, modern nuclear also we have nuclear, modern nuclear also we have nuclear, modern nuclear facilities that we could be spinning up, facilities that we could be spinning up, facilities that we could be spinning up, which the US is doing now. Germany which the US is doing now. Germany which the US is doing now. Germany should bring their old ones back online should bring their old ones back online should bring their old ones back online and put new ones in place. So, we should and put new ones in place. So, we should and put new ones in place. So, we should be leaning into that. And then also, be leaning into that. And then also, be leaning into that. And then also, what are you guys doing to incentivize what are you guys doing to incentivize what are you guys doing to incentivize breakthroughs in solar? So, there's more breakthroughs in solar? So, there's more breakthroughs in solar? So, there's more energy falling on the earth in like a energy falling on the earth in like a energy falling on the earth in like a day than we need all year. It's crazy. day than we need all year. It's crazy. day than we need all year. It's crazy. The gap is so massive. So, focus on The gap is so massive. So, focus on The gap is so massive. So, focus on getting that energy captured in an getting that energy captured in an getting that energy captured in an efficient manner. And by the way, guess efficient manner. And by the way, guess efficient manner. And by the way, guess who's leading the biggest breakthroughs who's leading the biggest breakthroughs who's leading the biggest breakthroughs in this? Now, I hope that the answer is in this? Now, I hope that the answer is in this? Now, I hope that the answer is obvious. China. So, China is like, obvious. China. So, China is like, obvious. China. So, China is like, "Listen, we're going to [ __ ] run hot. "Listen, we're going to [ __ ] run hot. "Listen, we're going to [ __ ] run hot. We're just going to pump CO2 as fast as We're just going to pump CO2 as fast as We're just going to pump CO2 as fast as we can into the atmosphere, but we get we can into the atmosphere, but we get we can into the atmosphere, but we get it. We don't want to do this forever. it. We don't want to do this forever. it. We don't want to do this forever. So, we're going to leverage the uh So, we're going to leverage the uh So, we're going to leverage the uh financial winds here to make sure that financial winds here to make sure that financial winds here to make sure that we can incentivize breakthroughs in we can incentivize breakthroughs in we can incentivize breakthroughs in solar. And so, nobody is adopting solar solar. And so, nobody is adopting solar solar. And so, nobody is adopting solar faster than China." So wait everybody, faster than China." So wait everybody, faster than China." So wait everybody, you've got one country that's like, you've got one country that's like, you've got one country that's like, "Yes, we're we're going to pump a lot "Yes, we're we're going to pump a lot "Yes, we're we're going to pump a lot into the atmosphere for now." But we do into the atmosphere for now." But we do into the atmosphere for now." But we do recognize the problem or at least that recognize the problem or at least that recognize the problem or at least that it's way too risky to keep doing this. it's way too risky to keep doing this. it's way too risky to keep doing this. And so we're going to focus on And so we're going to focus on And so we're going to focus on innovation. Europe should be doing the innovation. Europe should be doing the innovation. Europe should be doing the same. America should be doing the same same. America should be doing the same same. America should be doing the same innovation. This is one of those I you innovation. This is one of those I you innovation. This is one of those I you guys are going to start memeing me. But guys are going to start memeing me. But guys are going to start memeing me. But the reality is the the just core the reality is the the just core the reality is the the just core foundational fact of foundational fact of foundational fact of life is that innovation is the holy life is that innovation is the holy life is that innovation is the holy grail. It is the thing that allows you grail. It is the thing that allows you grail. It is the thing that allows you to overcome the problems. Even when to overcome the problems. Even when to overcome the problems. Even when those problems are a thing that we those problems are a thing that we those problems are a thing that we created, you can innovate your way out created, you can innovate your way out created, you can innovate your way out of that problem. And that's why when you of that problem. And that's why when you of that problem. And that's why when you look at the trajectory of the world, look at the trajectory of the world, look at the trajectory of the world, there are moments where we dip down. But there are moments where we dip down. But there are moments where we dip down. But when you look at the trajectory of the when you look at the trajectory of the when you look at the trajectory of the world, life just keeps getting better. world, life just keeps getting better. world, life just keeps getting better. Life expectancy gets longer. Wealth gets Life expectancy gets longer. Wealth gets Life expectancy gets longer. Wealth gets more extreme. We pull more people out of more extreme. We pull more people out of more extreme. We pull more people out of poverty. Less people die young. I mean poverty. Less people die young. I mean poverty. Less people die young. I mean it is just a neverending string of it is just a neverending string of it is just a neverending string of improvement. improvement. improvement. And now all of a sudden things have been And now all of a sudden things have been And now all of a sudden things have been so good for so long that the places for so good for so long that the places for so good for so long that the places for whom it got good first, those people now whom it got good first, those people now whom it got good first, those people now have lost faith in themselves and are have lost faith in themselves and are have lost faith in themselves and are running civilizational suicide. But the running civilizational suicide. But the running civilizational suicide. But the people that have lag behind are like, people that have lag behind are like, people that have lag behind are like, "All right, well, [ __ ] you guys. We're "All right, well, [ __ ] you guys. We're "All right, well, [ __ ] you guys. We're gonna innovate and we're just going to gonna innovate and we're just going to gonna innovate and we're just going to do the thing that you're unwilling to do the thing that you're unwilling to do the thing that you're unwilling to do, which is pump CO2, get better, do, which is pump CO2, get better, do, which is pump CO2, get better, innovate, move into the next region." innovate, move into the next region." innovate, move into the next region." and they'll be more than happy to run and they'll be more than happy to run and they'll be more than happy to run the globe. And I literally, by the way, the globe. And I literally, by the way, the globe. And I literally, by the way, this is so crazy. There was a woman I this is so crazy. There was a woman I this is so crazy. There was a woman I pulled the link. There was a woman who pulled the link. There was a woman who pulled the link. There was a woman who said, um, said, um, said, um, she is, God, is she French. She's, she is, God, is she French. She's, she is, God, is she French. She's, anyway, a woman feminist who said, um, I anyway, a woman feminist who said, um, I anyway, a woman feminist who said, um, I she's French. she's French. she's French. >> German. >> German. >> German. >> German. Thank you. Uh, German woman who >> German. Thank you. Uh, German woman who >> German. Thank you. Uh, German woman who said, and I quote, "My bloodline ends said, and I quote, "My bloodline ends said, and I quote, "My bloodline ends with me. I would take all immigrants and with me. I would take all immigrants and with me. I would take all immigrants and all refugees in because we ruined the all refugees in because we ruined the all refugees in because we ruined the world." So she is saying that basically world." So she is saying that basically world." So she is saying that basically white people should stop existing. white people should stop existing. white people should stop existing. That's so crazy. That's so crazy. Uh so That's so crazy. That's so crazy. Uh so That's so crazy. That's so crazy. Uh so but that's where some people are at that but that's where some people are at that but that's where some people are at that because Europe for very complex and because Europe for very complex and because Europe for very complex and utterly fascinating reasons. They got utterly fascinating reasons. They got utterly fascinating reasons. They got out of the gate in the modern era faster out of the gate in the modern era faster out of the gate in the modern era faster than other people were able to uh than other people were able to uh than other people were able to uh colonize and do all that [ __ ] They're colonize and do all that [ __ ] They're colonize and do all that [ __ ] They're now going to get colonized by people who now going to get colonized by people who now going to get colonized by people who came in the game late and who will now came in the game late and who will now came in the game late and who will now leaprog. It is wild how this sequence leaprog. It is wild how this sequence leaprog. It is wild how this sequence plays out, man. It is wild. So anyway, I plays out, man. It is wild. So anyway, I plays out, man. It is wild. So anyway, I don't know that we can escape it. The don't know that we can escape it. The don't know that we can escape it. The human mind is what the human mind is, human mind is what the human mind is, human mind is what the human mind is, but the answer is always going to be the but the answer is always going to be the but the answer is always going to be the same. Uh focus on innovation. Um focus same. Uh focus on innovation. Um focus same. Uh focus on innovation. Um focus on getting better, improving, set your on getting better, improving, set your on getting better, improving, set your sights on an outcome that you want and sights on an outcome that you want and sights on an outcome that you want and then go for it. And if your outcome is then go for it. And if your outcome is then go for it. And if your outcome is that you want less deaths across Europe, that you want less deaths across Europe, that you want less deaths across Europe, you're going to have to put AC in. you're going to have to put AC in. you're going to have to put AC in. You're going to have to put energy in You're going to have to put energy in You're going to have to put energy in place to do so, innovating all the place to do so, innovating all the place to do so, innovating all the while. And if you want to solve the CO2 while. And if you want to solve the CO2 while. And if you want to solve the CO2 problem, it is not asking people to move problem, it is not asking people to move problem, it is not asking people to move back in time to make life worse. It is back in time to make life worse. It is back in time to make life worse. It is to instead innovate in things like to instead innovate in things like to instead innovate in things like solar. Um, okay. We are rounding the corner of Um, okay. We are rounding the corner of this busy news day. I feel like we've this busy news day. I feel like we've this busy news day. I feel like we've been talking about a lot of different been talking about a lot of different been talking about a lot of different things. This has been my favorite story things. This has been my favorite story things. This has been my favorite story so far. I've been secretly been waiting so far. I've been secretly been waiting so far. I've been secretly been waiting to talk about this and all this other to talk about this and all this other to talk about this and all this other stuff was just the precursor. Mexican stuff was just the precursor. Mexican stuff was just the precursor. Mexican Batman is out here Batman is out here Batman is out here >> and he's saving the day. He's capturing >> and he's saving the day. He's capturing >> and he's saving the day. He's capturing thieves. I want to play this video game. thieves. I want to play this video game. thieves. I want to play this video game. Um, Ubisoft, EA, I don't know who has Um, Ubisoft, EA, I don't know who has Um, Ubisoft, EA, I don't know who has the Batman rights. We need to do this the Batman rights. We need to do this the Batman rights. We need to do this immediately. Um, and one of the immediately. Um, and one of the immediately. Um, and one of the alternative suits should be a Mexican alternative suits should be a Mexican alternative suits should be a Mexican flag. That's my hill to die on. I get to flag. That's my hill to die on. I get to flag. That's my hill to die on. I get to sit down. sit down. sit down. >> I like where your head's at. >> I like where your head's at. >> I like where your head's at. >> U, but yes, a citizen vigilante in >> U, but yes, a citizen vigilante in >> U, but yes, a citizen vigilante in Mexico is now capturing thieves and Mexico is now capturing thieves and Mexico is now capturing thieves and criminals across Mexico and duct taping criminals across Mexico and duct taping criminals across Mexico and duct taping them to poles, but notes that they were them to poles, but notes that they were them to poles, but notes that they were caught stealing bikes and motorcycles. caught stealing bikes and motorcycles. caught stealing bikes and motorcycles. Uh, this is like legit. Like there's Uh, this is like legit. Like there's Uh, this is like legit. Like there's like six or seven examples of people like six or seven examples of people like six or seven examples of people duct tape. This [laughter] is duct tape. This [laughter] is duct tape. This [laughter] is incredible. incredible. incredible. >> Duct tape to the pole. But is vigilant >> Duct tape to the pole. But is vigilant >> Duct tape to the pole. But is vigilant the problem? Do we need to start taking the problem? Do we need to start taking the problem? Do we need to start taking crime into our own hands, Tom, and crime into our own hands, Tom, and crime into our own hands, Tom, and taking ownership of our communities? Is taking ownership of our communities? Is taking ownership of our communities? Is that's what needs to happen, that's what needs to happen, that's what needs to happen, >> man? This is one of those where the >> man? This is one of those where the >> man? This is one of those where the answer is obviously no. But if people answer is obviously no. But if people answer is obviously no. But if people are going to refuse to do the thing that are going to refuse to do the thing that are going to refuse to do the thing that actually needs to be done, which is to actually needs to be done, which is to actually needs to be done, which is to get a government that prioritizes law get a government that prioritizes law get a government that prioritizes law and order, then the fact that you will and order, then the fact that you will and order, then the fact that you will hit a point where people start doing hit a point where people start doing hit a point where people start doing this is the only reasonable response, this is the only reasonable response, this is the only reasonable response, that is going to happen. So, if uh mom that is going to happen. So, if uh mom that is going to happen. So, if uh mom and dad are not going to protect you, and dad are not going to protect you, and dad are not going to protect you, then the kids are going to have to then the kids are going to have to then the kids are going to have to protect themselves. So, that's where protect themselves. So, that's where protect themselves. So, that's where we're at here. Now, that's not me we're at here. Now, that's not me we're at here. Now, that's not me condoning vigilanteism, but that that is condoning vigilanteism, but that that is condoning vigilanteism, but that that is me condoning you've got to stand your me condoning you've got to stand your me condoning you've got to stand your ground at some point. So, um yeah, man. ground at some point. So, um yeah, man. ground at some point. So, um yeah, man. Like, this is just a reality, boys and Like, this is just a reality, boys and Like, this is just a reality, boys and girls. You cannot let people uh just girls. You cannot let people uh just girls. You cannot let people uh just take over. You can't do it. Now, the take over. You can't do it. Now, the take over. You can't do it. Now, the first appeal should be to your first appeal should be to your first appeal should be to your government to say, "Listen, law and government to say, "Listen, law and government to say, "Listen, law and order, safety is priority number one. If order, safety is priority number one. If order, safety is priority number one. If you're not going to do what it takes to you're not going to do what it takes to you're not going to do what it takes to keep us safe, then we're going to get keep us safe, then we're going to get keep us safe, then we're going to get you out of office. If corruption makes you out of office. If corruption makes you out of office. If corruption makes it impossible to get people out of it impossible to get people out of it impossible to get people out of office, then protecting your own. And office, then protecting your own. And office, then protecting your own. And what I like about this is literally this what I like about this is literally this what I like about this is literally this is somebody using a Batmanike approach. is somebody using a Batmanike approach. is somebody using a Batmanike approach. If you don't know Batman, uh he refuses If you don't know Batman, uh he refuses If you don't know Batman, uh he refuses to kill. So Batman is always trying to to kill. So Batman is always trying to to kill. So Batman is always trying to do things with the least amount of force do things with the least amount of force do things with the least amount of force necessary. So the fact that this guy is necessary. So the fact that this guy is necessary. So the fact that this guy is somehow getting these people duct taped somehow getting these people duct taped somehow getting these people duct taped to a pole is [ __ ] incredible. Uh, so to a pole is [ __ ] incredible. Uh, so to a pole is [ __ ] incredible. Uh, so I'm very sad that we find ourselves in a I'm very sad that we find ourselves in a I'm very sad that we find ourselves in a situation where this is necessary, but I situation where this is necessary, but I situation where this is necessary, but I love that people are doing it in a uh love that people are doing it in a uh love that people are doing it in a uh minimum force necessary type way. It's minimum force necessary type way. It's minimum force necessary type way. It's rad. Shout out to those guys. rad. Shout out to those guys. rad. Shout out to those guys. >> Wild. And then RFK and Dr. Oz had a >> Wild. And then RFK and Dr. Oz had a >> Wild. And then RFK and Dr. Oz had a press conference yesterday where they press conference yesterday where they press conference yesterday where they were talking about shady insurance were talking about shady insurance were talking about shady insurance agents and bad actors who are enrolling agents and bad actors who are enrolling agents and bad actors who are enrolling unsuspecting Americans in health plans unsuspecting Americans in health plans unsuspecting Americans in health plans they never signed up for. So they have they never signed up for. So they have they never signed up for. So they have been using people signing up people been using people signing up people been using people signing up people without social security numbers and zero without social security numbers and zero without social security numbers and zero premiums just so that way the people who premiums just so that way the people who premiums just so that way the people who are signed up don't know that they're are signed up don't know that they're are signed up don't know that they're signed up. They don't get a bill or signed up. They don't get a bill or signed up. They don't get a bill or anything and these people are then going anything and these people are then going anything and these people are then going to the government expecting a payout. Um to the government expecting a payout. Um to the government expecting a payout. Um another side of fraud in the government. another side of fraud in the government. another side of fraud in the government. >> Yeah. The fraud in America right now is >> Yeah. The fraud in America right now is >> Yeah. The fraud in America right now is so rampant that asking for more tax so rampant that asking for more tax so rampant that asking for more tax dollars is patently absurd. Stop the dollars is patently absurd. Stop the dollars is patently absurd. Stop the fraud. Reduce spending. then we can fraud. Reduce spending. then we can fraud. Reduce spending. then we can actually assess whether we have an actually assess whether we have an actually assess whether we have an actual shortfall where we want to make actual shortfall where we want to make actual shortfall where we want to make sure that people don't fall below a sure that people don't fall below a sure that people don't fall below a certain line and as a society we're all certain line and as a society we're all certain line and as a society we're all going to agree to pay for it. But when going to agree to pay for it. But when going to agree to pay for it. But when you're funding the uh NGO networks guys you're funding the uh NGO networks guys you're funding the uh NGO networks guys right now NOS have 14 trillion dollar in right now NOS have 14 trillion dollar in right now NOS have 14 trillion dollar in US taxpayer money that they've managed US taxpayer money that they've managed US taxpayer money that they've managed to hoard. That is the most insane [ __ ] to hoard. That is the most insane [ __ ] to hoard. That is the most insane [ __ ] ever. If you want to talk about don't ever. If you want to talk about don't ever. If you want to talk about don't fund foreign [ __ ] stop spending 14 fund foreign [ __ ] stop spending 14 fund foreign [ __ ] stop spending 14 trillion dollars via NOS's, that is so trillion dollars via NOS's, that is so trillion dollars via NOS's, that is so [ __ ] crazy. And if you don't think [ __ ] crazy. And if you don't think [ __ ] crazy. And if you don't think that a lot of that is coming from fraud, that a lot of that is coming from fraud, that a lot of that is coming from fraud, you are out of your minds. You don't you are out of your minds. You don't you are out of your minds. You don't aggregate $14 trillion just by being aggregate $14 trillion just by being aggregate $14 trillion just by being like, hey, we're a good cause and really like, hey, we're a good cause and really like, hey, we're a good cause and really doing a thing. I don't even think people doing a thing. I don't even think people doing a thing. I don't even think people argue that. We were talking about this argue that. We were talking about this argue that. We were talking about this with Haiti. something like 2% of the NGO with Haiti. something like 2% of the NGO with Haiti. something like 2% of the NGO dollars that were meant to actually end dollars that were meant to actually end dollars that were meant to actually end up to improve the lives of Haitians up to improve the lives of Haitians up to improve the lives of Haitians actually made it to them. 98% leaked out actually made it to them. 98% leaked out actually made it to them. 98% leaked out into what I will clock as the overp into what I will clock as the overp into what I will clock as the overp production of elites. All of the production of elites. All of the production of elites. All of the administration fees, all of the [ __ ] administration fees, all of the [ __ ] administration fees, all of the [ __ ] fundraising parties and [ __ ] that they fundraising parties and [ __ ] that they fundraising parties and [ __ ] that they use that money to throw. It is wild. You use that money to throw. It is wild. You use that money to throw. It is wild. You are funding the lifestyle of the [ __ ] are funding the lifestyle of the [ __ ] are funding the lifestyle of the [ __ ] American elites and elites in other American elites and elites in other American elites and elites in other countries all saying like we're actually countries all saying like we're actually countries all saying like we're actually going to go help these people. It's not going to go help these people. It's not going to go help these people. It's not helping. You can look at what have helping. You can look at what have helping. You can look at what have decades of money going into Africa decades of money going into Africa decades of money going into Africa actually bought you. Certainly not actually bought you. Certainly not actually bought you. Certainly not African prosperity. So this [ __ ] is African prosperity. So this [ __ ] is African prosperity. So this [ __ ] is crazy. This is crazy. Fraud is rampant. crazy. This is crazy. Fraud is rampant. crazy. This is crazy. Fraud is rampant. We've really got to tamp this down. And We've really got to tamp this down. And We've really got to tamp this down. And the fact that places like California are the fact that places like California are the fact that places like California are passing legislation to make it harder to passing legislation to make it harder to passing legislation to make it harder to detect fraud that is so unhinged. It's detect fraud that is so unhinged. It's detect fraud that is so unhinged. It's so unhinged. But hey, shout out to the so unhinged. But hey, shout out to the so unhinged. But hey, shout out to the the radical left. The radical left has the radical left. The radical left has the radical left. The radical left has done such a good job. I had I had a done such a good job. I had I had a done such a good job. I had I had a crisis this weekend because I realized crisis this weekend because I realized crisis this weekend because I realized that the propaganda around billionaires that the propaganda around billionaires that the propaganda around billionaires are the problem has been so effective. are the problem has been so effective. are the problem has been so effective. So effective that people aren't even So effective that people aren't even So effective that people aren't even asking about the fraud. They're not even asking about the fraud. They're not even asking about the fraud. They're not even asking about how much money the asking about how much money the asking about how much money the government has added to the budget in government has added to the budget in government has added to the budget in the last 10 years. It's almost double. the last 10 years. It's almost double. the last 10 years. It's almost double. No, nobody's freaking out about that. So No, nobody's freaking out about that. So No, nobody's freaking out about that. So crazy. It's so crazy. No, remember crazy. It's so crazy. No, remember crazy. It's so crazy. No, remember your daily PSA. your daily PSA. your daily PSA. You could tax billionaires at 100% of You could tax billionaires at 100% of You could tax billionaires at 100% of their wealth. So they literally now have their wealth. So they literally now have their wealth. So they literally now have $0 and zero cents anywhere, nothing $0 and zero cents anywhere, nothing $0 and zero cents anywhere, nothing hidden. You could tax them at a 100% of hidden. You could tax them at a 100% of hidden. You could tax them at a 100% of their wealth. And if current trends their wealth. And if current trends their wealth. And if current trends continue, you will spend $158 for every continue, you will spend $158 for every continue, you will spend $158 for every dollar that you steal from them. dollar that you steal from them. dollar that you steal from them. It is your spending that guarantees you It is your spending that guarantees you It is your spending that guarantees you will be in this hole for ever. You must will be in this hole for ever. You must will be in this hole for ever. You must in in no uncertain terms there is no in in no uncertain terms there is no in in no uncertain terms there is no mechanistic way out of this hole other mechanistic way out of this hole other mechanistic way out of this hole other than to reduce your spending habits. than to reduce your spending habits. than to reduce your spending habits. There is no mechanistic way out of this There is no mechanistic way out of this There is no mechanistic way out of this hole without reducing your spending. hole without reducing your spending. hole without reducing your spending. There's no way. It's not possible. So, There's no way. It's not possible. So, There's no way. It's not possible. So, uh that's where this is just maddening. uh that's where this is just maddening. uh that's where this is just maddening. Maddening. Maddening. Maddening. Um, and Thomas Massie flipped the script Um, and Thomas Massie flipped the script Um, and Thomas Massie flipped the script on a Fox News digital reporter. This on a Fox News digital reporter. This on a Fox News digital reporter. This whole exchange was just hilarious to me. whole exchange was just hilarious to me. whole exchange was just hilarious to me. >> Clear up the stuff your uh ex is saying >> Clear up the stuff your uh ex is saying >> Clear up the stuff your uh ex is saying about you with the NDA that you about you with the NDA that you about you with the NDA that you pressured her to sign an NDA for pressured her to sign an NDA for pressured her to sign an NDA for wrongful termination. What is that true? wrongful termination. What is that true? wrongful termination. What is that true? What she's saying about you? What she's saying about you? What she's saying about you? >> Who are you with >> Who are you with >> Who are you with >> Fox Digital? >> Fox Digital? >> Fox Digital? >> Uh, it's all false. >> Uh, it's all false. >> Uh, it's all false. >> And what she said about you and Bober >> And what she said about you and Bober >> And what she said about you and Bober having a intimate relationship having a intimate relationship having a intimate relationship >> if you're looking at your screen. >> if you're looking at your screen. >> if you're looking at your screen. >> False. >> False. >> False. >> Watch. Watch what he's doing with his >> Watch. Watch what he's doing with his >> Watch. Watch what he's doing with his phone. is out there saying it was phone. is out there saying it was phone. is out there saying it was because of the primary ahead of the because of the primary ahead of the because of the primary ahead of the primary. What do you think is motivating primary. What do you think is motivating primary. What do you think is motivating it? it? it? >> When did you all become a tabloid? >> When did you all become a tabloid? >> When did you all become a tabloid? Seriously, Seriously, Seriously, >> he's going to start looking at his >> he's going to start looking at his >> he's going to start looking at his phone. phone. phone. >> No, is he bored? >> No, is he bored? >> No, is he bored? >> Thought I would give you a chance to >> Thought I would give you a chance to >> Thought I would give you a chance to respond. respond. respond. >> Is he moving on? Is he checking his text >> Is he moving on? Is he checking his text >> Is he moving on? Is he checking his text messages? messages? messages? >> That's all. >> That's all. >> That's all. >> Or is he doing something else? >> Or is he doing something else? >> Or is he doing something else? >> But anything you could say. >> But anything you could say. >> But anything you could say. >> So, let me ask you. I heard that you >> So, let me ask you. I heard that you >> So, let me ask you. I heard that you filming porn. filming porn. filming porn. >> Is that true? >> Is that true? >> Is that true? Carsman, I'm not I just want to give Carsman, I'm not I just want to give Carsman, I'm not I just want to give your chance your your side. your chance your your side. your chance your your side. >> Giving you a chance to give me your >> Giving you a chance to give me your >> Giving you a chance to give me your side. I'm not going to get into Are you side. I'm not going to get into Are you side. I'm not going to get into Are you a real news organization or not? a real news organization or not? a real news organization or not? >> No. Come on. >> No. Come on. >> No. Come on. >> I can't believe this worked. >> I can't believe this worked. >> I can't believe this worked. >> All you got to say is you don't like it >> All you got to say is you don't like it >> All you got to say is you don't like it that you haven't been to those websites. that you haven't been to those websites. that you haven't been to those websites. >> Of course I of course I don't like it. >> Of course I of course I don't like it. >> Of course I of course I don't like it. >> Really? >> Really? >> Really? >> I really can't believe this worked, man. >> I really can't believe this worked, man. >> I really can't believe this worked, man. How does this guy crumble that fast? How does this guy crumble that fast? How does this guy crumble that fast? Like at least have a sense of humor Like at least have a sense of humor Like at least have a sense of humor about it and be like, "I love gay porn about it and be like, "I love gay porn about it and be like, "I love gay porn the most or whatever." Like, dude, the most or whatever." Like, dude, the most or whatever." Like, dude, that's so crazy. And he's like, "Walk." that's so crazy. And he's like, "Walk." that's so crazy. And he's like, "Walk." >> Dude, mad respect to Massie for this. >> Dude, mad respect to Massie for this. >> Dude, mad respect to Massie for this. Mad respect. I love this so much. Mad respect. I love this so much. Mad respect. I love this so much. >> That's very impressive. I just really >> That's very impressive. I just really >> That's very impressive. I just really can't believe that guy folded that fast. can't believe that guy folded that fast. can't believe that guy folded that fast. But that was incredible. But that was incredible. But that was incredible. >> Last room on life, man. Thomas. >> Last room on life, man. Thomas. >> Last room on life, man. Thomas. >> But here's the thing. It Yes. By the >> But here's the thing. It Yes. By the >> But here's the thing. It Yes. By the way, it shows you that uh that's exactly way, it shows you that uh that's exactly way, it shows you that uh that's exactly what these guys are doing. They ask you what these guys are doing. They ask you what these guys are doing. They ask you a question to which there's no good a question to which there's no good a question to which there's no good answer because you accept the frame. answer because you accept the frame. answer because you accept the frame. Once you accept the frame, then they've Once you accept the frame, then they've Once you accept the frame, then they've got you. And so all Thomas Massie had to got you. And so all Thomas Massie had to got you. And so all Thomas Massie had to do was randomly He doesn't know this do was randomly He doesn't know this do was randomly He doesn't know this guy. He just had to say something that guy. He just had to say something that guy. He just had to say something that he knows will be socially uncomfortable. he knows will be socially uncomfortable. he knows will be socially uncomfortable. Uh uh do you deny that you like gay Uh uh do you deny that you like gay Uh uh do you deny that you like gay porn? That's so wild. I can't believe porn? That's so wild. I can't believe porn? That's so wild. I can't believe that works. That's really crazy. And that works. That's really crazy. And that works. That's really crazy. And just shut it down. That's crazy. just shut it down. That's crazy. just shut it down. That's crazy. >> Is there something to Cuz TMZ recently >> Is there something to Cuz TMZ recently >> Is there something to Cuz TMZ recently got into politics and people were all up got into politics and people were all up got into politics and people were all up in arms about like how T is he covering in arms about like how T is he covering in arms about like how T is he covering politics that's like nasty. But our politics that's like nasty. But our politics that's like nasty. But our 24-hour news cycle, our media landscape, 24-hour news cycle, our media landscape, 24-hour news cycle, our media landscape, Fox News, CNN, MSNBC, all of them, they Fox News, CNN, MSNBC, all of them, they Fox News, CNN, MSNBC, all of them, they have dipped into this personal tabloides have dipped into this personal tabloides have dipped into this personal tabloides news. Um, do you think that there should news. Um, do you think that there should news. Um, do you think that there should be, and this is a alt question, I know, be, and this is a alt question, I know, be, and this is a alt question, I know, but do you think there should be a but do you think there should be a but do you think there should be a separation of like we only talk about separation of like we only talk about separation of like we only talk about politics and the actual policies versus politics and the actual policies versus politics and the actual policies versus personal attacks, smear attacks, and personal attacks, smear attacks, and personal attacks, smear attacks, and things like that? things like that? things like that? >> Uh, yes. I think people um should stop >> Uh, yes. I think people um should stop >> Uh, yes. I think people um should stop immediately with ad homonym attacks and immediately with ad homonym attacks and immediately with ad homonym attacks and lay out the mechanisms of the things lay out the mechanisms of the things lay out the mechanisms of the things that they're bothered by. But we're that they're bothered by. But we're that they're bothered by. But we're never going to do that. never going to do that. never going to do that. >> We're certainly not going to do it in a >> We're certainly not going to do it in a >> We're certainly not going to do it in a populist moment because from a populism populist moment because from a populism populist moment because from a populism perspective, the follower, the aderant perspective, the follower, the aderant perspective, the follower, the aderant is coming to you and saying, "Make me is coming to you and saying, "Make me is coming to you and saying, "Make me feel the way I want to feel." feel the way I want to feel." feel the way I want to feel." >> And the way that you make them feel the >> And the way that you make them feel the >> And the way that you make them feel the way you want to feel is by pointing out way you want to feel is by pointing out way you want to feel is by pointing out that the other person is bad. They're that the other person is bad. They're that the other person is bad. They're less than. They're a cret and a less than. They're a cret and a less than. They're a cret and a creature, whatever, and they need to be creature, whatever, and they need to be creature, whatever, and they need to be stamped out. That's how you make them stamped out. That's how you make them stamped out. That's how you make them feel what they want to feel. So, um, feel what they want to feel. So, um, feel what they want to feel. So, um, expect a lot more of it. And because expect a lot more of it. And because expect a lot more of it. And because humans reason emotionally, like deep humans reason emotionally, like deep humans reason emotionally, like deep down at our foundation, like it's so down at our foundation, like it's so down at our foundation, like it's so hard to pull people up into the neoortex hard to pull people up into the neoortex hard to pull people up into the neoortex and get them to go, "Okay, I'm going to and get them to go, "Okay, I'm going to and get them to go, "Okay, I'm going to set my feelings aside for a second and set my feelings aside for a second and set my feelings aside for a second and I'm going to reason through this um with I'm going to reason through this um with I'm going to reason through this um with actual chains of logic. actual chains of logic. actual chains of logic. It It's just It doesn't work, man. It It It's just It doesn't work, man. It It It's just It doesn't work, man. It doesn't work. not not at the level that doesn't work. not not at the level that doesn't work. not not at the level that it works to repeat uh adnauseium, it works to repeat uh adnauseium, it works to repeat uh adnauseium, uh billionaires are evil, tax the uh billionaires are evil, tax the uh billionaires are evil, tax the wealthy, make them pay their fair share, wealthy, make them pay their fair share, wealthy, make them pay their fair share, freeze the rent, um dignity of workers, freeze the rent, um dignity of workers, freeze the rent, um dignity of workers, like all of those things are way easier like all of those things are way easier like all of those things are way easier because they're way more emotionally because they're way more emotionally because they're way more emotionally powerful than um the actual like, hey, powerful than um the actual like, hey, powerful than um the actual like, hey, let's talk through what how does this let's talk through what how does this let's talk through what how does this actually work at a mechanistic level. actually work at a mechanistic level. actually work at a mechanistic level. It's so wild. It it is one of the things It's so wild. It it is one of the things It's so wild. It it is one of the things that I think caused the vacasillation that I think caused the vacasillation that I think caused the vacasillation between um the reason that governments between um the reason that governments between um the reason that governments exist an empire specifically exists for exist an empire specifically exists for exist an empire specifically exists for somewhere between 150 to 250 years and somewhere between 150 to 250 years and somewhere between 150 to 250 years and how crazy we're going through this how crazy we're going through this how crazy we're going through this literally on our 250 year birthday uh is literally on our 250 year birthday uh is literally on our 250 year birthday uh is because that's roughly the period of because that's roughly the period of because that's roughly the period of time that it takes for the what once was time that it takes for the what once was time that it takes for the what once was really good like really hardcore people really good like really hardcore people really good like really hardcore people are like we have to be disciplined and are like we have to be disciplined and are like we have to be disciplined and [ __ ] you we're going to be Sparta and [ __ ] you we're going to be Sparta and [ __ ] you we're going to be Sparta and they Spartan their way to success. And they Spartan their way to success. And they Spartan their way to success. And then some people, you get sort of the then some people, you get sort of the then some people, you get sort of the houseion days of like post World War II, houseion days of like post World War II, houseion days of like post World War II, we just did the really hard thing. We're we just did the really hard thing. We're we just did the really hard thing. We're super disciplined. We're very patriotic. super disciplined. We're very patriotic. super disciplined. We're very patriotic. Everybody's doing the thing for the Everybody's doing the thing for the Everybody's doing the thing for the country. Uh and we've got massive growth country. Uh and we've got massive growth country. Uh and we've got massive growth because we still have these hardcore because we still have these hardcore because we still have these hardcore [ __ ] that have come home from [ __ ] that have come home from [ __ ] that have come home from the war and they really want to build the war and they really want to build the war and they really want to build something and build build grow becomes something and build build grow becomes something and build build grow becomes like the, you know, the cry of the day. like the, you know, the cry of the day. like the, you know, the cry of the day. Families are strong. Like, you know, Families are strong. Like, you know, Families are strong. Like, you know, it's all about that. The government's it's all about that. The government's it's all about that. The government's doing its best to get small again. like doing its best to get small again. like doing its best to get small again. like it's just [ __ ] golden times. But then it's just [ __ ] golden times. But then it's just [ __ ] golden times. But then what ends up happening is you start what ends up happening is you start what ends up happening is you start abusing it and you just like, well, if a abusing it and you just like, well, if a abusing it and you just like, well, if a little bit of debt's good, then a whole little bit of debt's good, then a whole little bit of debt's good, then a whole lot of debt must be great. If a little lot of debt must be great. If a little lot of debt must be great. If a little bit of a handout's wonderful, then a bit of a handout's wonderful, then a bit of a handout's wonderful, then a whole lot of handouts must be wonderful whole lot of handouts must be wonderful whole lot of handouts must be wonderful or even more wonderful. And it just or even more wonderful. And it just or even more wonderful. And it just spirals into madness. And then you get spirals into madness. And then you get spirals into madness. And then you get where we are now, which is just total where we are now, which is just total where we are now, which is just total lunacy of more free things, more money lunacy of more free things, more money lunacy of more free things, more money printing, debt, debt, debt. There's printing, debt, debt, debt. There's printing, debt, debt, debt. There's never going to be a problem. Anybody never going to be a problem. Anybody never going to be a problem. Anybody that tells you we've got to be that tells you we've got to be that tells you we've got to be disciplined is an [ __ ] Uh they're disciplined is an [ __ ] Uh they're disciplined is an [ __ ] Uh they're just being greedy. and you implode and just being greedy. and you implode and just being greedy. and you implode and then you'll bounce back and you go then you'll bounce back and you go then you'll bounce back and you go through the hard times again and then through the hard times again and then through the hard times again and then you get the Spartans again and the whole you get the Spartans again and the whole you get the Spartans again and the whole cycle repeats. cycle repeats. cycle repeats. >> Faxo. That's all I got. >> Faxo. That's all I got. >> Faxo. That's all I got. >> All right, boys and girls, thank you so >> All right, boys and girls, thank you so >> All right, boys and girls, thank you so much for joining us. Do we have any much for joining us. 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