PBD Podcast - Bet-David? Thats a Jewish Name | PBD Podcast | EP 32

Starting point is 00:00:00 Okay, so we're officially live with episode number 32 of the podcast gentlemen, because to have you back I think we're doing one more this week, but we're taking an entire week off next week For Christmas, and then we'll be back to follow on week. So we are gonna have taken on next week off We're not gonna have any podcast next week. Not Tuesday. Not Tuesday. Not Thursday Not nothing It's gonna be okay. It's I just found this one just want you to know, you're gonna be all right. First of all, why don't you go into my Emmy for Christmas? Yeah, I am, but I gotta change my place.

Starting point is 00:00:28 So when you go, what do you celebrate? When you go Christmas, what are you celebrating with the family? You guys put the whole Santa Claus, you guys to all that stuff. We do the Hanukkah stuff, we do the Christmas stuff, we throw a little sprig of one of some quanza. We don't give a shit. I tell you what, you know, Adam, the other day, did a very special little treat.

Starting point is 00:00:43 You know, gave everybody a gift, got me a $50 gift card to Yardhouse and Nunez, but was impressive is the fact that you got Paula Scarsagga, a $20 gift card to... The Gecko. The Gecko. That's favorite part. $25.

Starting point is 00:00:59 Yeah, that's good for a pizza and beer for that guy. Well, there's a shout out right there for Yardhouse and Gecko, you know, this, so you know. What did you learn that day that I taught? I learned what's your what's the minute? What's the thing? And the and Judaism. There's something called the menorah. The a candles. Eight crazy nights. We also Adam Sandler's not being his song. And in the middle, the one in the middle is called the Shamash. The Shamash. It's the it's the teacher. It's the yes. It's the worker candle. Like the worker that teaches. And I said, that's PBD. That's Shamash. That's Sham teacher. It's the worker candle. Like the worker that teaches.

Starting point is 00:01:25 And I said, that's PBD. That's the shaman. The man in the middle. How do I use out there knowing I'm a man? Yes, I'm talking to this one real turn for a lot of the elder. And she keeps asking me, where are you from? I said, I'm from Iran. What, why is your last name, but David?

Starting point is 00:01:40 I said, because I'm a Syrian. No, no. I said, I'm a Syrian, but David means, he said, do you know what it means? I say, yeah, I know what it means. Syrian. No, no. I said I'm a Syrian, but David means it's a do you know what it means? I say I know what it means. It means House of David But do you know you're not a Syrian? I said I'm a Syrian says you are a Jew I said yeah, but I'm telling I'm a Syrian it says yes, but you're a Syrian that comes from a lineage of a Jew You are a Jew now she's a Jew trying to convince me I'm a Jew

Starting point is 00:02:00 I said you know how many people I've tried to tell me my entire love that I'm a Jew? I'm telling them I'm a Syrian and Armenian. Anyways, the Jewish community, very proud to convince you, you're a Jew. Well, you know why though? Does she know more about houses than I tell me why I'm a Jew? Well, there's a lot of Jews with the last name Ben, Ben David. Yes, but that means son of. Son of. Bet means house of.

Starting point is 00:02:19 Exactly. So you have to teach her something. She tried to teach you. Well, she tried to wrangle you in and rope you in and record you. I wasn't going to teach her anything because I was negotiating when you're negotiating you don't you just kind of agree and yes so congratulations you are now you I am now for that house you'd convert right listen I tell you I'm not gonna talk a million bucks off I'm gonna do all good

Starting point is 00:02:41 nice so we got a lot of things to cover here today. A lot of things to cover here today. If you guys don't know, Adam was no backflip yesterday. Yes or no, electoral college came out with Joe Biden. Adam was in tears. He was, I found him next to one of the cubicles and tears crying. Thank you God, it was the most incredible prayer I saw. Very emotional. Guys, I don't want to tell you this.

Starting point is 00:02:59 I don't think Trump's going to be the president. I don't know if he's going to be able to pull this off, Tom. You say that every one of these milestones, but I'm still holding out hope. I am not giving up. You are doing down. It is not officially, he's got a few things. He's got a million bar jump ship.

Starting point is 00:03:13 Tom's like, I'm holding on. Hey, go on to Kelly and Tom way left. Kelly and Conway left. I have this cabinet left. Cyber security left. Tom's like, no. Okay. Hold that, be J. January 20th. You'm like, no. Okay. That's January 20th. I just go.

Starting point is 00:03:28 Sam, let's go. Let's go. Let's go. We got some ridiculous topics. Last week is gearing up to buy your house and lease it back to you. Really interesting story of easy knock, which we'll get into. I like it. Hopefully you're in a minute. Economist urge New York to hike taxes on billionaires. And one moment, Cuomo says, hey, stick around. The other moment he says, no, we have to raise taxes. So New York, and by the way, I don't know if you saw yesterday or now, New York Komo said,

Starting point is 00:03:52 him and the blastio yesterday announced New York be ready for a fall on shutdown. They just announced that. I don't know if you know. And a huge snowstorm tomorrow, lucky people. Oh my goodness. That's when you know the weather's great. So we rely on Musk moving to Texas. The world's three richest people officially living states

Starting point is 00:04:11 where you pay zero state taxes. Just so you know, the top three and we'll cover those top three. Florida's the new Wall Street. Lots of good things going on right now with Florida. We talked about it last week. We'll get into a different angle today. Queens business owners haunted by Amazon's last Emmet pandemic, which they were supposed to move there

Starting point is 00:04:29 and now they're frustrated about it. Apple's coming up with a new app to compete against fitness apps like Peloton. Everybody's all the Silicon Valley companies are taking a different approach to the pandemic. We'll cover some of that with Google, Apple, Twitter, Salesforce, Microsoft, is not Silicon Valley, but we'll cover some of that with Google, Apple, Twitter, Salesforce, Microsoft is not Silicon Valley,

Starting point is 00:04:45 but we'll cover some of those companies. Bar, William Bar to resign as Attorney General, which obviously is a very good day for Adam when that happens. Russian hackers suspected of spying the US, on the US government, including Treasury and Commerce departments. And then we got farmers in India. Farmers in India. Big story there, by the way, very big story there. I mean, the data on that is insane. African countries borrowing billions from China. You got the first person that got the shot. You got Mark Cuban that gave a JJ Burreja nice contract before he left. Just a lot of topics to cover. Sanctions on Turkey, time person of the year, wildfires.

Starting point is 00:05:25 I see we start off with, don't skip over that last. I'm going to skip which one? Well, the Gretski. Oh, the Gretski card. We got to talk about that. Are you kidding me? It was a good week. It was a good week.

Starting point is 00:05:36 So I bought two cards, 17 months ago. Gretski cards. I got a phone call from a guy who was a good contact of mine from Pasadena. And he says, can you come up with a half million dollars on a next 24 hours? Let me just check my pack. I said, what do you mean? He says, I got a seller that wants cash now.

Starting point is 00:05:51 He doesn't want to go through the whole 90 day to six month auction series. I said, what do we negotiate? He won a 600,000. We settled on 540. And I bought the two cards. I sent Teacron, when it was real nice guy. He gave the cards to Teacron.

Starting point is 00:06:03 The money hadn't even hit his account. Yeah, he trusts the Teacron. That tells you a lot about Teacron, one of real nice guy. He gave the cards to Teacron. The money hadn't even hit his account. Yeah, he trusted Teacron. That tells you a lot about Teacron's character. So we bought the two cards for 540 last week. It sold at a hair to Jackson's for $2 million. $10,000. A record. Both of them.

Starting point is 00:06:18 Yeah, thank you. One of them sold for $720. The other one sold for $1,299. The most expensive hockey card ever sold. And a yesterday, yesterday had a bunch of calls with different guys trying to get them You know, as you're seeing Going on are you sweating it out are you watching it second by second? Are you really the last hour is entertaining? I got to tell you because the last couple hours the auction you're looking at you're like, okay It's at $800,000 the other cards at 3 30. You're like, yeah, it's at $800,000. Do you have the cards at $330? You're like, yeah, it's cool.

Starting point is 00:06:45 You're gonna walk away with nice, you know, 1.2 million. And then all of a sudden, $850, 915, then 925, 950, 975 million, it just kept going up and going up. And the other one kept climbing, and then last minute, it stops. No one's bidding anymore. So, $2 million, $10,000. So you turned $540,000 into over 2 million bucks in less than two years.

Starting point is 00:07:10 17 months. 17 months. So, you know, you're in a half, and that's a 200% plus rate of return. 233, 233 months. I tell you one thing here, a card industry is gonna blow up in the next 10 years. You've been saying that.

Starting point is 00:07:25 I've been seeing this for a long time. Do we wanna let our viewers in on why you think that? Well, I explained to why it is this basic math. Here's a couple of things to be thinking about. It's a non-regulated industry with private equity firms getting into it. So Jordan's got 300 PSA 10 rookie cars 1986 fleer, right? They're gonna go out there and buy 100 of them.

Starting point is 00:07:46 The private equity. So a week before the last dance, Jordan's cards were selling for $25 to $30,000. A week after a last dance documentary ends, it's selling for $162,000 to $200,000. So from $25,000 to $160,000 to $200,000, literally in six weeks is what the cars go to. Private equity firms come and buy a hundred of them.

Starting point is 00:08:06 They sit on them. Then anytime it goes on an auction, they go over bit on the card. They don't buy it for $1,600,000. They buy it for $400,000. So it increases the market because they own a hundred of them. And it's non-regulated. So it's not like somebody can come and say,

Starting point is 00:08:20 it's market manipulation. No one can say that. There's no SEC. There's no FINRA, nothing like that. There's no SEC. There's no finra, nothing like that. And now they have apps where you can buy funds, meaning you can buy a percentage of a Pat Mahomes card, percentage of a Jordan rookie card, kind of like a mutual fund.

Starting point is 00:08:34 So it's getting even more people involved. Let's say very interesting industry. Plus you can't print anymore. There's, they are what they are. Exactly. Exactly. And now that they have the credibility of PSA, you know, grading cards, it's kind of like equal facts,

Starting point is 00:08:47 transunions, it's a whole different industry. So question, because I know we want to move on to a lot of topics. Private equity firms, Pete, your firms are jumping into this business. You know, big guys like you, pumping in a half a million, turning that around,

Starting point is 00:08:59 what couldn't the average person out there that's got $5,000 to invest, 10,000 to invest, 1000 invest, 20,000 to invest? Don't do anything. What do you recommend they do? Do not do anything by yourself that you don't know about. Go with somebody that knows what they're doing and get on the trend. Like if you are thinking about being a stock broker, you're thinking about being a person. Day trade. You're thinking about being an investor into businesses. How do you do it? Okay. Do you just go start giving people money that you want to invest into business?

Starting point is 00:09:27 No, you go study a Warren Buffett. You go study some of the biggest investors of all time. And then you buy into money manager, a money manager that you trust and you go with them. Then you start kind of going into it. If you're gonna be day trading, kind of like cards professionally, you gotta know what you're doing.

Starting point is 00:09:43 Don't go just go out there and throw money at cards. So you do believe in this asset class big time. 100% I do. So how do you say don't spend 20 grand out of 2019? Mike trout car is that a bad investment? Oh, that would be great. If you had a, if you had the right mic, I said 2019. No, not 29.

Starting point is 00:09:58 If you're not even you go into this thing, you could get I wouldn't do it. If you have no clue what you're doing, do not do it. This isn't one of the, but here's the thing. You buy the right cars. There's no what you're doing. Do not do it. This isn't what I want to do. But here's the thing. You buy the right cars. There's no way you're going to lose money on cars. The only way you lose money on cars is when the player does some stupid, which like an OG Simpson type of thing. That car does run.

Starting point is 00:10:14 Nobody wakes up in the morning saying, I can't wait to buy an OG Simpson rookie card. You know, my gosh. The guy was the greatest running back of all time. No, they say, there's no way in the world I'm going to brag about having an OG Simpson rookie card, right? So except for a friend borath or other. That's a different story. OJ!

Starting point is 00:10:29 Ha ha ha! Ha ha ha! Ha ha ha! OJ! You have to see the video to know what we're talking about. So what should I do with my Kwame Brown rookie card? Is that gonna take off? That one you give to an ex of yours is what you do.

Starting point is 00:10:40 Okay, got you. You give to an ex of yours. Okay. By the way, let's see here, what do we get into? What story do we get into first? We got a lot of good stuff. Lock on on, Pat. You tell us.

Starting point is 00:10:49 Yeah, you know what? Let's go talk about this whole Wall Street situation here. Wall Street has gearing up to buy your house and Lisa backed you. Grown group of Wall Street owners of single family rental homes have ramped up. They're fundraising an anticipation of the millions of Americans who could be forced to turn over or sell their homes and emit the financial stress of the pandemic. The four-year-old firm, EasyKnock, has established itself as a name and so-called the sales leaseback transactions in which homeowners, sell their company, sell the company, their property,

Starting point is 00:11:20 then rent it back. EasyKnock CEO, Jared Kessler,ler told business insider that a financial partner recently committed to provide it with a credit line that will allow it to acquire 500 million dollars of homes, a sum that would more than triple its current portfolio, which is nearly $200 million. What do you think about this easy knock idea? My first impression, I didn't want to like it.

Starting point is 00:11:42 I think there had to be a catch, right? Are these guys, what's the fine prints say? Once they buy your home from you, how soon can they sell it again? And then are you screwed? Or how long can you actually lease it? But you know, what if you're stuck in a bad loan or if you need to borrow some money and you need some equity, you don't have to do a home equity loan?

Starting point is 00:11:59 It kind of makes sense. And it seems like the market right now is ripe for it. You can stay in your own home. You can rent instead. I mean, do they have to pay for repairs then? I mean, it's fascinating. I just don't think $500 million is a lot of money behind this company to do it at a huge level.

Starting point is 00:12:16 I was expecting multiple billions behind these guys to really go after, but maybe they're not going after the really high priced homes either. But man, I don't know. I don't know if I'd want to be one of the first ones doing this thing just in case, but on the surface, I think it sounds like a pretty good deal. Adam. They're also going after single-family homes. Meaning.

Starting point is 00:12:36 Just one family home is probably like two, maybe three bedrooms. Got it. Smaller homes and their previous credit line was 200 million. So let's just say 500 million divided by $250,000. Is that an average? Let's just say $250,000. 2000 homes at $250,000.

Starting point is 00:12:52 Yeah. Okay. So you're collecting rent from 2000 people essentially. What do you think about the idea? Well, it reminds me of something that I'm pretty familiar with, which is reverse mortgages. I mean, this is something that a lot of seniors have taken advantage of. As you get older and you might not want to have to pay your mortgage

Starting point is 00:13:07 and, you know, these reverse mortgage companies come in and offer you to essentially be able to live out your house and buy you out. There has been regulation set in place where that, you know, people have taken advantage of this. Like Tom said, there could be, if you're one of the first people to do it, read the fine print, see what's going on. You know, people have taken advantage of this. Like Tom said, there, there could be, if you're one of the first people to do it, read the fine prints, see what's going on. Um, you know, there could be some, you know, shadier activity going on, but this sounds like a, sort of a reputable Wall Street type, S type firm that's bringing this together. And it'll look, I'm a huge fan of renting. And especially if you're young out there and you're listening to this, don't tie yourself into a mortgage especially if you don't know what your next next five moves are to use

Starting point is 00:13:48 a, use a quote from PBD. If you don't know where you're going to be living in the next six, 12, 18, 24 months and you somehow ended up in a mortgage here, this might be a great opportunity. I mean, one of the three things that everyone who has a house has to pay for that if you're renting, you don't have to pay what I call the big three expenses. You're fricking property tax, you're insurance and you're maintenance. And that's self that you have to cover if you own your house. If you're just now renting your house and a house you want to be in nonetheless, and you don't have to pay property tax maintenance, deal with the nonsense with that. Like I can't even screw in a freaking light bulb. Now I don't

Starting point is 00:14:21 have to deal with maintenance. And I don't have to deal with maintenance and I don't have to pay for my freaking home insurance, living in California with wildfires and in Florida with floods and mudslides and tornadoes. You don't have to have that worried. You could still live in your house. And obviously they said you're in financial distress. This could be a win-win. So read the fine print, but for the right person,

Starting point is 00:14:42 I would be curious of the math because a lot of times when things like this happen, you have to know reverse mortgage gets a lot of heat. And there's a lot of people that get in trouble with reverse mortgage. I don't know how much you look into reverse mortgage. The formula, I think 63 years old, et cetera, et cetera, exactly what I wrote down was what you started to talk about reverse mortgage. And a lot of seniors were taken advantage of a lot of seniors were taking advantage of it.

Starting point is 00:15:05 In the early days, but yeah, because I sell the kids selling it on the day came I would regularly. I was more it's so fine line the way you do the math. It's not it's not easy to do today. But I also look at it with another thing that you do on a daily basis. Life sediment. It's a very similar there as well. Yeah, life sediment is you buy insurance policy. So if I'm a if I'm a 78 year old today, and I'm sitting on a $5 million insurance policy that I cannot pay the premiums,

Starting point is 00:15:31 a person like Adam comes and decides to buy the policy from me and you go to your investors and they come out and they'll say, we'll pay what for the $5 million. 20%. If it's 20%, I'm 78 years old. You pay me a million dollars upfront. The hell of a deal? They take the $5 million with the life expectancy seen.

Starting point is 00:15:51 If this person's gonna live up to 85 years old, I take that additional $4 million divided by seven years. Then I'm making a nice little return over a seven year period. 15% let's say. The client is happy because the client's sitting there saying, I'm getting to live with my million dollars rather than that five million is going to Somebody that's no longer here. I'm no longer married. I no longer have my wife my wife died my husband died What am I gonna do with additional insurance policy? Yeah, so that makes sense in those situations life settlement

Starting point is 00:16:17 but in this case if the math favors them I listen this this is me you understand what I'm saying? So meaning, if the way you get my house is, okay, listen, I'd like to give you my $1,000,000 house and I'd like to rent it from you. No problem. What is your approach? Well, we go get Combs.

Starting point is 00:16:34 What did they sell for? Combs, 268. Okay, great. We'll give you 244. Is that what they do? Do they go 28,000 before market? Or do they give you the 268? That's the part where I'm

Starting point is 00:16:45 curious about on how they make this work. But the reality of it is, I'm surprised they're wanting the first to do it. I'm surprised. This is a great idea to do some like this, a great business model because you're in a distress, right? You're in a situation where you kind of have to make a decision. Take it, don't take it. You don't have to take it, but we're here for you. If you want to do something with this, right? It's an option that never existed. That's the one thing I say about life settlements is that it's an option. If you wanna keep your house and pay your mortgage,

Starting point is 00:17:10 keep your house, pay your mortgage. You don't need to talk to me about this kind of thing. One thing that I learned when I entered the life insurance industry and life settlement business was it truly was the Wild West in the early 2000s and 2004, 2005 to 2006. It was not regulated. It was Wild West commissions were out of control. People didn't understand what they were signing up for. They're definitely. So, you know, my firm was one of the first firms that was like, hold on, hold on. This

Starting point is 00:17:35 is like out of control. We got fin, a finra came in. We had a broker dealer come in, did it the right way. Next thing, 2008 happened, regulation set in it. It's been nothing but good things for the industry. Life set them in. And life set them in. Yes. A very black guy, even worse than reverse mortgages. But my point is, it starts with a good idea.

Starting point is 00:17:55 There's going to be people that are going to abuse regulation sets in. And good things will happen. The problem is when there's over regulation, like being in the life insurance business with the DOL and everything that was happening in 2016, that could have crushed suitability versus fiduciary, that all that stuff. Now you're really talking dirty to the other guy.

Starting point is 00:18:17 They're loving these words you've gone on. I'm gonna talk to you all about being a fiduci bag all that good stuff. Exactly. But anyway, the point is, I met one of these guys that was doing life-setterman. I won the bigger guys, and he had a mammoth in his headquarters. No joke, he had a real life-size man.

Starting point is 00:18:31 Down in Waco. He was a blind life partner. He was a blind life partner. Yeah, I went over there, and I think there were a- A mammoth? A woolly mammoth. Like that one? A dead one.

Starting point is 00:18:39 No, a live one, bro. A real live-hunter life. A real life-hunter life. A real life-hunter life. Who would have been in the top? Who would have been in the top? Who would have been in the top? Who would have been in the top? Who would have. I'm a hundred. Who will he hit the top? That would have been a lot. Who the hell?

Starting point is 00:18:47 Was the Woolly Mammoth alive or dead? I need to know. So are you talking about one of those prehistoric things? Yes. Fold the skulls. That is like that, I'm going. Fold the sclosio. It wasn't alive.

Starting point is 00:18:57 It wasn't alive. It wasn't alive. Fold the sclosio. Shocker alert. The Woolly Mammoth was dead. No Peter's going to Waco to check on this mammoth. Because this mammoth was not a life for what happened. When you saw this Wolley mammoth,

Starting point is 00:19:08 there you got scared. I mean, dude, what is this a metaphor for? Why do you have a mammoth in your office? I mean, does that mean your mammoth? I tell you, they were killing it at one point. Yes, but then they ended up in jail. I know, it wasn't actually. So the point is when you, like, there's...

Starting point is 00:19:22 He probably stole it. Maybe don't trust an office with a mammoth. Maybe it's a, you know, next time you see a mammoth in an office's, he probably stole a lot of them. Maybe don't trust an office with a mammoth. Maybe you'd say, you know, you're next to him, you see a mammoth in an office. That's a, yeah. I think we need to make that a guy. I'm so wondering if it's alive then, he doesn't know what's going on.

Starting point is 00:19:31 I'm telling you, it wasn't alive. It wasn't alive. It wasn't alive. Okay, all right, next, Stockman, New York, Stockman, New York. You know, there's a million people, over a million people right now in New York, remaining unemployed.

Starting point is 00:19:41 That's a big number by the way. Okay, billions of dollars in budget cuts to essential services and institutions are beginning. Thousands remain eligible for State or Federal unemployment assistance. In this moment of fiscal emergency, it would be a moral and economic failure for New York's legislature and executive to leave this money on the table. They're talking about the billions of dollars. Economists urge New York to hike tax on billionaires, taxed on billionaires. Progressive policies advocates are ramping up pressure for wealth tax in New York to hike tax on billionaires, tax on billionaires. Progressive policies advocates are ramping up pressure for wealth tax in New York.

Starting point is 00:20:09 As the state's budget hold grows and neighboring New Jersey already has chosen to increase tax on millionaires. 50 economists from across the nation sent a letter to Cuomo and the state's legislators, legislative leaders this week in support of a proposal on two tax hikes on New York's billionaires, the letter arrived as the legislative gears up for a full session schedule that will largely revolve around resolving the state's more than eight billion dollar budget cap, which is expected to worsen and fall on yours. Look, I mean, there's a bunch of people here involved that are saying we got to do something

Starting point is 00:20:42 about it. The kind of a state that analysis also included in the envelope to state leaders predicts an immediate revenue bump to a tune of 23.3 billion dollars and then an additional 1.2 billion dollars and subsequent years, while the pandemic continues to clobber economic, it's a scary time to be over there in New York. New York's billionaires increased their net worth during this period from March 18 to October 13 by 13.2%. Yeah, it's unbelievable.

Starting point is 00:21:10 You know, I used to be 100% against taxing the rich, the mega rich. They earn the money. It's their money. Why the hell should the government come in there and take a higher proportion of it? Screw that, right? I got to tell you, I'm flipping and I'll tell you why. It's because of the Zuckerbergs of the world and some of these other chokers, these billionaires that got Biden elected.

Starting point is 00:21:28 Okay, this is what you wished for. Now you deal with it. I mean, you did not know that this was coming down the pike and the other thing is, how can you trust the government to even do something? 23 billion extra for New York. They're going to screw that up somehow. You know, they just think low hanging fruit. It's not like there's some visionaries that's going to fix infrastructure or do anything like that. So I say,

Starting point is 00:21:48 go get in California and New York, tax all those guys, the Google founders, Eric Schmidt, Dorsey, all these Biden fans, tax them. Do it. I mean, since they were so in favor of Biden and extra taxes and they're the ones electing him deal with the consequences. And I'll say another thing too. Did you look at this panel of people that are recommending it, Bernie Sanders, Elizabeth Warren. These are socialist slash communists. I mean, calling the shots, of course, they're going to want to take all the money from the rich.

Starting point is 00:22:18 This is a scary thing. And here's the other thing too. If these billionaire still live in a state where you're getting hammered locally by your state taxes, man, that's another thing. I mean, a lot of these smart guys have already bailed. Tom, I'm confused by your answer. So you're the Republican who wants higher taxes on the wealthy. You're agreeing with Bernie and Akazio Cortez, but obviously you think they're socialist

Starting point is 00:22:42 and communist. I did not think you were going to go this direction. I thought you would have been really, really upset that they were going to tax the wealthy. You're confused these days. Trump's in. He's out. I respect. I respect the fact that you're not just going down. You're telling the company line. It's interesting. I respect it, though. Look, this is something that Cuomo has been talking about for a while, New Yorkers have been leaving New York in droves, Californians have been leaving California in droves. We've seen Silicon Valley people moving. This is scary. I mean, if you're already

Starting point is 00:23:15 living in New York and you're a billionaire, you're already paying ridiculous taxes, whether it's income taxes, capital gain tax, state income tax, whether your firm might be in New Jersey. I saw one person who lives in New York, but their firm is in New Jersey. So they're paying New Jersey tax in New York tax. Something that you asked the other day is at what point do you leave? And this is something that Cuomo needs to be very aware of. You mean, he offered sort of jokingly, like, don't leave. Please, I'll cook you dinner.

Starting point is 00:23:41 I remember that whole thing. Something that I do agree with Tom, that he did mention, something that we've talked about, the K-shaped economy, where the rich get richer and the average working person is struggling. And that's exactly what's going on here in New York, is that the rich of guy richer. Why?

Starting point is 00:23:59 Stock market. Clearly, why, why what? Why have the rich gun rich and the poor have and gone? Why are the poor getting poor, rich getting rich? For the most part, it's the stock market. I mean, obviously, if you're, it depends, I don't what you're defining is rich. You know, if you're the working class person that literally has to show up to work, meaning you're a bartender, you're a waitress, you, you know, you work for the airlines, you work for, in the hospitality industry, you're a hotel front desk person, and you have to show up to work,

Starting point is 00:24:27 and your work is getting shut down. I mean, you've highlighted many restaurant owners who have business have suffered. This is out of your control. These businesses, I mean, you see what's going on in California. Those people have suffered tremendously. If you could work remotely from anywhere, and we can, I'm sure we're gonna talk about

Starting point is 00:24:42 what's still like, so what are you saying? Are you saying race taxes? What is your point? I'm not saying that you should raise taxes. I'm saying it at what point when taxes do get raised? Do these billionaires say, fuck it? I'm out. I'm moving to South Florida. So what's what do you do? You're, you're, you're, give them counsel. New York's listening right now. Do you agree with Sanders and AOC saying race taxes on the wealthy? I think in New York or what do you do? I think at some point something's going to have to give. Are you gonna listen to them?

Starting point is 00:25:06 I mean, this is why. This is why I tell you. It's even like, I don't know, do I agree? Do I not agree? I'm not saying billionaires. I'm not saying millionaires should have their taxes raised, but these clowns, yes. Why billionaires not millionaires?

Starting point is 00:25:16 You know what? Because these people annoy me. Number one. Because of how hypocritical they seem, how a lot of these people own social media companies have started social media companies. But these are new years. These are Wall Street people.

Starting point is 00:25:30 I know it's really hard for me. So let's see on New York. Let's see on New York. But we can go to, okay. But why tax billionaires, like as much as you can, but leave millionaires alone. Why, why tax billionaires, but not millionaires? Because I don't think the billionaires would feel it as much as the millionaires. But believe me, I am not in favor of more taxes at all. How do you know that? How do you know that?

Starting point is 00:25:51 I don't, how do we know that? How do we know that tax and billionaires? They're not going to feel it as much as millionaires are. How, how do we know that? I'll just answer that. Yeah. By what Mark Cuban said one time, he says there's no, well, describe the difference between being, you know, a, you know, a mech of millionaire that has $200 million of that worth as opposed to a billion. He says, there's no comparison. I mean, you don't notice anything when you're a billionaire. So that's my baseline judgment on the fact that if they tax them for a few hundred million more, they'll figure something out. They won't even miss it. Yeah, but how do you so do you tax the guy that averages 45 minutes

Starting point is 00:26:29 again because he's the best player in the league and you tax them 10 minutes because he can afford it and give it to a lesser player? Is that what you do? So, so, but let me explain to where I'm going with. So you guys, so you, so who's the best player in the league? Give me the best. Brown. Clearly.

Starting point is 00:26:43 So how many men, menace as the average 40 minutes again? 45 minutes, clearly. So, how many minutes does the average? 40 minutes again? 45 minutes a game. Let's just say you have just some 45. It's 40 out of this eight. They're trying to get them at 39 to 40 minutes. Okay, I think it's too much. Taxed a billionaire, it's LeBron. You got to bring him down to 30 minutes.

Starting point is 00:26:55 It's not fair for him to get 39 minutes. Give the other 10 minutes to a bench woman to go play. Got the point. But the point I'm trying to make is, here's a guy LeBron is getting underpaid. I'm not a LeBron fan. You guys are not a LeBron fan. He's getting underpaid.

Starting point is 00:27:07 He's getting an $85 million contract for two years. That's $42 million. That's a $100 million dollar your player. If Ronaldo's getting a $100 million dollar your contract, this guy's got to be getting on a $100 million dollar your contract. He's getting it off the court. But I go ahead. It's not the point.

Starting point is 00:27:18 They're also getting it off the court. Okay, he should be getting a $100 million. Why tax the billionaire? Here's a guy that spends a million and a half on his body every year. Now, has he always been doing that? No, at 18 years old, he couldn't afford to spend a million and a half on his body. But at 34 years old, when most of these NBA players, at 34 that are kicking back, they've already made their $200 million.

Starting point is 00:27:37 They're starting to want to leave the league and they put on weight. Their belly comes at all. You're looking at Lebron, look at the way he does. Lebron to me is the same thing as a billionaire is in New York, okay? If a billionaire, non-non-what do you call it? A generational wealth transfer billion. I'm talking about the self-made. The 64% not the, not the 64% of billionaires are self-made.

Starting point is 00:27:59 Just everybody knows this. 83% of millionaires are self-made. 64% of billionaires are self-made, which is what? 36% of them are not self-made. 64% of billionaires are self-made, which is what, 36% of them are not self-made. They got them, yeah, set those aside. Set those numbers again, please. 64% of billionaires roughly is self-made. So two out of three billionaires are self-made.

Starting point is 00:28:16 One-third family like a Walten, like one of those guys that got the money from the family. You said eight out of 10, 83% according to a fidelity article, 83% of millionaires are self-made. Sick. Okay. You're hope out there for all of us.

Starting point is 00:28:29 Did you get your money from your mom and dad? No, no, no. You made your money based on who? You're a self-made guy, right? So this is the challenge. This is the part that we have to be very, very careful with because we typically indirectly, we will comfortably pass, not punishment, but pass the pain to somebody that is not us. Okay, full disclosure, I'm not a billionaire.

Starting point is 00:28:52 So I'm not here sitting protecting billionaires. So it's not like I'm sitting here saying, hey, why are you defending billionaires so much? I think it's more like here's a question for me if for me to talk to somebody's politicians about, hey, you know, poor these people that are going through tough times and they're having such difficulties. Okay, no problem.

Starting point is 00:29:10 Let's talk about them. What's your long term goal for these guys? Give me your long term goal for these guys. Sam, poor, Sam, not making a lot of money. Sam wanted a guy that's unemployed right now. Sam wanted a guy that's struggling right now. Sam wanted a guy that he wanted to send to $600 a month. What is your long term goal and aspiration for me?

Starting point is 00:29:27 You understand the question? I'm asking that question. What is your term? You can get my stimulus check. What is your long term aspiration for me? Meaning if I, yesterday, two days ago, Tiko, I said something to my son, bothered me on Sunday. We're out lunch. I said something to him, really bothered me. Yesterday I told Zina, I got to get out of here. I went to school. I had to have the kid come out of class for me to go sit with them. And I said, I need you to look at me. He's holding my hands.

Starting point is 00:29:51 He's thinking he's in trouble. I said, I just want you to know you're not in trouble. I said, daddy said something yesterday, stupid to you. And I'm just here to tell you, I was wrong. Don't listen to what daddy said yesterday. That is wrong. Whatever I said to him, it's a conference. It's nothing, it's nothing that you would

Starting point is 00:30:05 Jennifer's in the kids or something. It's nothing that was crazy. But I don't want him to think that he has to change as a human being to win in life, right? So I have to breathe life into my kid. I have to say, I believe you one day can be that, that, that, that, that, and manage expectation for life, right? You're working with me when you came over here to say what Adam, I believe one day you can be that, that, that, that. I cast a vision. Kai, one day, I think you can run one of our companies and value to me. You say let's put five, ten million dollars into a company. There's one day, I believe, right? Okay. Okay.

Starting point is 00:30:41 Politicians to the poor people that are struggling asking money from you. You want to send them all these stimulus money. What do you envision me being one day? What does your go with me? Tell me. What does your go with me? It's a question. Is the goal for me to stay in this situation? Is the goal for me to constantly rely on the government? Would you be happy if I become a millionaire one day? Would it bother you if I become a millionaire? Would it bother you if I become a billionaire? Would you be happy if I become a millionaire one day? Would it bother you if I become a millionaire? Would it bother you if I become a billionaire? Would you be bothered if I become the next Zuckerberg from a poor guy becoming a billionaire creating

Starting point is 00:31:12 100,000 jobs? Would it bother you if I'm, you know, Amazon, Jeff Bezos and I create a million jobs? Would that bother? Would you be offended by that, my politicians? Meaning, do you want me to get out of being poor? Yes, yes, of course. I don't know if the answer is yes. So you saying you want me to get out of being poor? Yes, yes, of course. I don't know if the answer is yes.

Starting point is 00:31:28 You saying you asked that to politicians? I don't think if politicians say, I'm asking them what is your outcome? How did they respond to it? It's not a mask. A Republican politician would say yes, period. Yeah, so then, so okay, let's just say Republican politician says yes.

Starting point is 00:31:43 So let's just say it is yes. Okay, do you have a problem with me being a billionaire one day? Do you have a problem with me to have a ranks to rich a story, go from zero to being a billionaire one day? Does that bother you? Am I a bad person now? I was poor, I had nothing. You loved me because I voted for you.

Starting point is 00:31:58 I busted my ass, I got out of being poor. You no longer have to send me a check, I take care of my family. I take care of everybody. You don't wake up in the morning saying, we have to bail out the beddavid family. That's not something you think about anymore. I'm a billionaire now. Let's just say, if I become a billionaire, did I do something bad?

Starting point is 00:32:15 Am I a bad person now? Am I like an evil billionaire rich guy that wants to abuse me? Is that what happened? Are you sitting there saying, thank God, frickin' one guy, at least got 20,000 people working for him, that we don't have to worry about paying those people, you know, unemployment.

Starting point is 00:32:28 Who's the hero? And who are we selling as a hero? So here, these guys are sitting on, say, well, let me tell you, New York is having a lot of problems because of stupid policies based on the politicians deciding to shut down all the restaurants. And these restaurants, statistically, we can't show that people are getting COVID from these restaurants.

Starting point is 00:32:44 They could have worn masks. We could have set up a better situation on seating. restaurants and these restaurants statistically, we can't show that people are getting COVID from these restaurants. They could have worn masks. We could have set up a better situation on seating. But yeah, oh, now that we're struggling because we shut down and threw so many restaurants out of business, let's tax the rich. What the hell do you come up with this kind of a solution? You made the decision to shut down restaurants. Now you want to tax the rich?

Starting point is 00:33:02 How do you come up with these policies? Trump, sorry, if you are in a bad financial situation right now, New York is because your policy suck. So maybe you have to take inventory of your policies. Don't every time when you screw up saying, let me go tax the billionaires. Because you know what the billionaire is gonna say? Here's the one thing you will never miss.

Starting point is 00:33:20 I've always said this, never in our business, we have builders, people that wanna go go out there and build a business, okay? You never, ever, ever do anything to her to builders. In the philosophy of the book, Barbarians to Bear of Crats, the guy talks about there's a prophet, he comes up with an idea. Then there's barbarians who are willing to go to war. Let's go, let's go do this. I'm not believing this, let's go.

Starting point is 00:33:49 Then there's builders that are willing to build something. Let me build structure. Then there's explorers. We should go explore over here to see if we can build this business into Australia. We should go explore this market. Then comes the administrators. Oh, we should create some rules and regulations which you need sometimes. Then shows that the bureaucrats and the aristocrats.

Starting point is 00:34:08 You know who the bureaucrats and aristocrats are? These are the guys that are sitting afterwards and well, not a war running a big company with all this money here. I think what we need to do is spend our money on, no, no, no, no, no. Who the hell are you? You ruin every company, you ruin every city,

Starting point is 00:34:22 you ruin every state, you ruin every country. These beer recruits and heres, who knows what the hell they're talking about. Why don't you go create some jobs where people instead of going and tax on billionaires? Okay. Now listen, you make a very compelling argument for the billionaires. And here's my question, why can't they say something for themselves? Here's my problem. Emotion creeps into this, okay?

Starting point is 00:34:40 When you see something like this, what's our reference point? It's Michael Bloomberg, okay, who pumped $500 million into the state of Florida to beat Trump. Why aren't they saying something publicly that we want to protect our money? We don't want to elect these people that are going to tax us even more. I would like to hear it from them. And I don't. Same thing in California, you can't lump the two in together. But I wish there were a few more outspoken billionaires, okay, they can't, okay, you know why they can't? Why can't? Because two in together, but I wish there were a few more outspoken. They can't. Billionaires. Okay, they can't.

Starting point is 00:35:06 Okay, you know why they can't? Why can't? Because it's going to hurt their business. Forget about a Bloomberg. Forget about Bloomberg because Bloomberg is sitting in what situation? Bloomberg is worth $70 billion at this point. Okay, Bloomberg, you know what's $500 million to Bloomberg? It's the same as you have in $70,000 and giving $5,000 of somebody.

Starting point is 00:35:23 Okay, it's not $70,000 and giving $5,000 of somebody. Yeah, it's not $70,000. 70,000. No, no, no, no, no, 70,000 dollars, and you're giving $500 of somebody. That's what he did. If he's 500 bucks, bro, it's okay. Hey, man, I'm running something. I'm doing a run, charity run.

Starting point is 00:35:37 Can you give me some money? You got 70 in the bank here, cousin. Here's 500 bucks. What the hell is 500 million to a guy with 70 billion? Nothing. I'm not talking about that guy. I'm talking about guys that are still building. I'm talking about guys that are still building.

Starting point is 00:35:49 So a lot of times these guys that are running a company, they can't say nothing. Because anything you say will be held against you. Yeah, of course. Because most of the people that are working for you are not going to be the ones that are agreeing with this policy. Most of their employees are saying tax the billionaire. Tax the billionaire. What they don't realize is, hey, you keep saying tax the billionaire, the billionaire is going to have to cut some of his employees. Let go of 20%

Starting point is 00:36:16 of his employees. Yes, who pays a price, you do, because the same person, Queens business owners haunted by Amazon loss, and the pandemic almost two years after the Amazon pulled out from a proposal to build a massive headquarters along Queens waterfront. The site is vacant vacant. The same place. Amazon is just a build. And to many locals, the squandered economic opportunities of a more painful amid the coronavirus pandemic.

Starting point is 00:36:38 The site just sits there empty. It's terrible. Said Donna, a drummer owner of Maddett LLC, art gallery and gift store. We're in the middle of a pandemic. People say if we only had Amazon, we got nothing. The world's largest retailer, abruptly canceled his 25,000 job, producing campus in February 2019 after being attacked ferociously by AOC and state center to Mike, generis.

Starting point is 00:37:06 So you keep pushing me out. I was gonna bring 25,000 jobs minimum at 150,000 out of your salary, you push me out. Oh, now you want me back? So figure out who you guys want to bash at this point. Well, here's my question for you. And you made obviously a very compelling argument here. They've said, if you're gonna become a billionaire, you have had to make

Starting point is 00:37:26 thousands of thousands of jobs pop up out of nowhere. You've created these jobs. You're the job creator, right? Obviously, look at Jeff Bezos. He could have brought in how much money, how many jobs, how much salary into New York and now that's evaporated, that's gone. So it's so easy for someone that's making 30 grand a year, 40 grand a year unemployed to be like, tax the billionaires. It's so easy for the burnings of the world, for the AOCs of the world to just scream tax the billionaires because who's going to be like, who's going to be as impassioned as PBD and say, no, these are the job creators. These are the reason that you have things. Here's the solution. Here's the reason that if you do that and here are the ramifications, it's just so easy

Starting point is 00:38:10 to scream tax the billionaires. So here's my question to you. If you're New York, if you're the bureaucrats in New York and you're like, look, bro, this is a stupid idea. This is dumb. We can't do this. They're going to leave Cuomo is going to have to cook them dinner. What have you?

Starting point is 00:38:24 What have you? On the flip side, what have you, what have you. On the flip side, what's your solution to that? What's your solution? If there's a- I want to find a way to get $6 billion shortfall. A billion poor. My goal is I sat down with one of our guys this week, last week. He's one of my employees.

Starting point is 00:38:38 He sits with me. To tell me his vision of what dream he has for what business he wants to build. You know what I did for 30 minutes with the guy? We sat on Kema with a plan for his dream to become a reality. He left fired up, confused. Why is this guy wanting my dreams? So why not? We're sitting a process and a together with them, right? We're sitting there talking to him. I have one goal. I want you to stop being poor and have your own money so you can have a backbone because the more savings you have, the more confidence you have,

Starting point is 00:39:06 the more confidence you have, the better decisions you'll make. That's if you have strong character. If you got a bad character on the inside, you, more money you get, you're problematic to the economy. Okay, if you got a sort of weak character here, that's why you first develop the character,

Starting point is 00:39:18 then you help that person succeed in life, right? So what are you doing in a situation like this? Number one question, how do we minimize people being poor? So how do you do it? For example, if you make a $100,000 your income, I make 50K, to me, what are you? Double your salary, do you do it? No, no, how do I view you?

Starting point is 00:39:39 You ever remember when you were making, man, think about when you were making 30 grand year, how did you look at somebody that was making 70 grand year? That bastard. No, but how'd you look at somebody that was making 70 grandier? That bastard. No, but how'd you look at him? You kind of like, dude, I'd love to make 71 day, right? Imagine you're making 70. How did you look at the guy making 150?

Starting point is 00:39:53 Oh brother, let me touch. It's figures. Yeah, it's cool, man, I want to get to, you make, so at what point does that conversation not stop? Never, never, never said that, never said, but it's always, well, he can afford it, well, he can afford it, well, he can afford it always well, he can afford it. Well, he can afford it. Well, he can afford it.

Starting point is 00:40:07 Well, he can afford it. Well, he can, what do I mean, he can afford it? How can he afford it? You can't afford it. I want to increase your number. So for me, if New York focuses on what do we need to do to get the bottom and the middle off to a good start where they can make money, get them back working, get them back generating, get them back rebuilding their confidence,

Starting point is 00:40:30 then things are going to come back up. You don't sit there and say the solution to this because taxing the billionaires is another short, you know, quick fix. It's not going to be a long time fix. Are you basically saying that you want a bottom-up approach, not a top-down approach? Is that essentially what it comes down to? It's so easy to say, trickle down, take the money and just sprinkle it down.

Starting point is 00:40:46 But you're saying, look, let's grow these people. Let's grow their minds. So yes, I get a text last time on one of my guys. I get a text last time on one of my guys. I'm not going to say who it is, but I'll just read you what he says to me. So this is a guy that's a very capable guy. And for many, many years, I've been trying to see

Starting point is 00:41:00 if this guy's going to get emotional or not to want to do something big. He's not emotionally good, emotionally. Emotional in a way, but listen, everybody needs some kind of an enemy to to wanna do something big. He's not. Emotionally good, emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good.

Starting point is 00:41:08 Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good.

Starting point is 00:41:16 Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good. Emotionally good So he sends me a message. I love it how I want the bad. But I'm on the one.

Starting point is 00:41:25 But wait a minute, when people when they cry sometimes. It was a good kind of tears. It was very impressive. It was very impressive. I can't believe it. So I'm talking to this guy. This guy says, I'm trying to find an enemy. I said, the right enemy for you

Starting point is 00:41:37 will make you XYZ money per year. He says, one of my guys came up. We're brainstorming on who should be our enemy. I said, what's that? He sends me a message. I said, you need a true enemy. One that creates real emotion. Okay. When you generally have it, like, you know, the whole thing with, we're talking about earlier this morning with Logan Paul and Mayweather and then Jake Paul and all that

Starting point is 00:41:55 stuff and Jake Paul's calling at Connor and the only person Jake Paul follows on Instagram is Connor's fiance, which is very weird. Oh, that's hilarious. Yeah, it's a very, yeah. So, so now you, but that's a fake Hollywood. Yeah. You give a good, like, like, my orga de la Hoya, it's a real enemy. Like how Jordan would create the enemy. It's a real, if you got a real enemy,

Starting point is 00:42:15 good things will happen. So he finally says to me, Pat, I'm really getting sold out on my best version. My enemy has become a negative media that perpetuates hate and lies to build, to people to build division. Lack of understanding when it comes to economic principles and laws, morality, abortion, I want to find ways to make change in homelessness at all time high, being worse and worse. He's going through it. So I ask him a question, what kind of emotion does it produce?

Starting point is 00:42:36 He said, fire purpose, level of anger, frustration, desire to protect, lead and teach God. I spoke to the other leaders and I couldn't stop Pat. I couldn't stop. He texts me. I got emotional about it. I can't help. This is not an emotional guy, right? Okay.

Starting point is 00:42:53 I want to get low income and middle income families to get emotional about their dreams and their purpose. It's such a basic fundamental thing that we're talking about here. But if I get to bottom and the middle excited about their dreams becoming a reality, you'll be able to get rid of a lot of these issues that we're dealing with.

Starting point is 00:43:13 If you get middle and low income families excited about their dreams become a reality. Look, I've said this for the last, first time I started talking about this, and this method was March of 2008. One time I got on stage, I was speaking in front of 7,000 people in Las Vegas, and I was given this message,

Starting point is 00:43:31 I'm 28, 29 years old, and I'm talking exactly about this language. There's a difference between a politician speaking a nightmare language versus a dream language. A dream language to me is mesmerizing. A dream language energizes people. A dream language gets me to wanna improve. A dream language gets me to wanna get up and read a book.

Starting point is 00:43:52 A dream language gets me to wanna figure out a way to get better. And could Reagan use the talk? Yes, I'm talking, we need, and by the way, even Obama talked to dreams when he was given his first speech. Reagan talked to dreams. It's dreams. We need people dreaming again, and we're not doing that.

Starting point is 00:44:09 You don't just say, hey, here's what we got to do. Now let's dream again. Yeah. Okay, a couple of things. You know, Cuomo's philosophy is tax everyone. He's even saying taxes have to go higher in the middle. He's streamed so far. He totally is, but I think we've given these politicians too much credit right now.

Starting point is 00:44:23 I don't, especially in New York. I don't think any of them are thinking big picture like you're saying. I think that's why I'm so ticked off and annoyed because they're trying to get to a one-class system in this country the way it seems. And that's not about creating your dreams and making something to yourself. It's to be more dependent on the government. And my problem with billionaires is the perception of so many of them who went so far over the top to try to get a Biden, who I lump into it with the rest of these New York politicians that just want to tax

Starting point is 00:44:54 everybody, you know, make it, you know, make you more reliant on the government. So some of these billionaires, I know they can't really say anything because they have big businesses, but the ones that talk the most give you a bad perception. It's bad marketing about the billionaire brand. It's hard to root for them because when they are so adamant about trying to get Biden in and destroy a fellow billionaire Donald Trump, it doesn't make sense. It doesn't create a lot of sympathy for them. And it's hard to understand them. I see what you're going. I see what you're saying. You know, again, this is New York. We're talking about let's let's focus on this. A lot of the billionaires you're talking about are the Zuckerbergs of the world and the Tim Cooks of the world and the

Starting point is 00:45:33 Silicon Valley. That's not these billionaires. A lot of these hedge fund billionaire types. I assume a lot did vote for Trump, especially regarding corporate taxes. So let's not just like billionaires, they're all Democrats. I doubt that. Maybe the Silicon Valley has type people. So, but I never said that. I said what they're saying doesn't jive with what their end game should be for being that wealthy. Well, by the way, just so you know, Facebook is in a very dire situation right now with Biden's camp wanting them to separate the entire company up with what's happened. Instagram, all of them. Break it up.

Starting point is 00:46:12 Oh, yeah, I mean, your policies got you the candidate that you got. Now they have to break you up. And now guess what happens next? This is what happens now is, hey, we can break you up if you don't listen to us. So you better, that, that's, so now this is where the negotiations happen. It's not just Biden's camp that's looking to break up Facebook. I don't know what I'm saying. No, no, what I'm saying to you.

Starting point is 00:46:35 Yeah, but it didn't happen. No, it's actively going on as we speak. It's, yeah, but it's been actively going on for a long time now with what these guys are doing. Now they're going to be able to break these guys up, but will they break them up? I will be very surprised if those guys are broken up, very surprised if those guys are broken up, very. If they're broken up, more power to you, if they are. Well, something that I know that you're not a fan of or my not a fan of my not a fan of my not a fan of not a fan of the other thing to consider. So it's how much does China want them to be broken up

Starting point is 00:47:03 because they're going to have a saying it as well. Yeah. So look, we're talking about this. Now we're talking about Florida Wall Street businesses and fabulously wealthy money managers leave in New York to go to warmer climate and a smaller tax bill, hardly new phenomenon. It's the first time industry heavyweights have questioned New York's future as a home of the big finance. Okay.

Starting point is 00:47:22 I suspect Florida will soon rival New York as a financial hub. Leon Cooper meant the HFM manager who found a New York based Omega advisors told business inside an email tax and spend has been the North East policy. It has to change or New York Jersey Connecticut will become ghost towns. Ghost towns. This is a guy that's from the industry talking about there's going to be a ghost town up there. And as some other data, blackstone, the world's largest private equity firm headquarter on park avenue man, Hatton is opening up an office in Miami with plans to bring 215 technology focused jobs. They're firm so-called back office employees

Starting point is 00:47:58 handling technology systems from Miami. Then companies aren't just looking. They are signing leases and preparing to physically move employees in before the end of the year to shave dollars off their tax, but last year Florida dropped. It's corporate tax rate from 5.5% to 4.458. Beautiful thing to hear in New York that rate is 6.5% and a Connecticut where many hedge funds are based at 7.5%.

Starting point is 00:48:23 Despite Florida's low rate of 2019 investigation by the Orlando Sentinel fund, that 99% of all businesses in the state pay no corporate income tax at all. Say that last part again. 99% of all businesses in the state pay no corporate tax income tax at all. How do they get away with that? 99%. Let me tell you, if they do, if they do if they do good for Florida Good for flow. You know who benefits from that all the employees

Starting point is 00:48:49 Those who need one jobs, okay, if I was an employee I wouldn't be complaining about that too much Because those that money is gonna get to jobs Jobs creates what and income for people when people make income who do they not rely on? The government. Who wins the state of Florida wins. I 100% agree that those places could be pseudoghost towns. Because right now, if you do a cost or a risk benefit analysis, you know, what's the benefit of staying? You can't even eat in a restaurant, okay?

Starting point is 00:49:22 And it's not like that's gonna change anytime soon. If you have the wherewithal to say, screw it, I'm moving either as an individual or as a company. And there's a better situation there. They're going to flock. I mean, this is real. I mean, they are going to blow out of there out of the Northeast. Look, the shutdowns, they're not going to stop.

Starting point is 00:49:41 They're just going to find another reason to not allow us to eat in restaurants or something. I am 100% convinced of this. Okay, but some states have a different philosophy and it's across the board. Watch a football game. The NFL should be so grateful that the Super Bowl is in Florida this year because look, they're already having about 20,000 fans per game for college games for the Tampa Bay Bucks, for the Miami Dolphins. They're going to be able to probably put 40 or 50,000 people in for the Super Bowl. As opposed to if it was in a different state that was shut down,

Starting point is 00:50:08 they'd have no fans whatsoever. So, I mean, it is too completely different. We are at a tipping point time in this country. Smart people are making decisions. What makes sense for the long term and getting the hell out of the Northeast for a lot of people makes sense? So, clearly, this is a conversation that's been going on for a long time in Florida. Again, I live in Miami. The New Yorker, the New Yorker's flooding Miami is nothing new. Obviously since COVID, people have said, all right, I can work remotely now like what the hell am I doing at this point? So my question to you is because whatever's going on in New York is also going on in California, it's like ying ying same thing.

Starting point is 00:50:46 So at what point do you say, all right, I'm moving from LA. You love LA, you live there, you rail against the policies, you rail against living there, you rail against the taxes. But my question is at what point do you actually, and I'm not saying this disrespectfully, at what point do you put your money where your mouth is and move? It's when you have an opportunity, when you have a reason to move You're not gonna do it just for the time. It's a towel But just so you know, Tom and his family would be ready to move anywhere if there's an opportunity that comes up I'm more I'm more

Starting point is 00:51:13 personifying what someone would think I'm not necessarily speaking about I'm not saying Tom per se but I am saying give me a glimpse as You live in California. You love it there. I've seen where you live Manhattan Beach You want to be there, but there's like you're like, but you have to be thinking about leaving at what point do you leave? Though, but you're asking, yeah, I'm asking for yourself, but also for yourself. I'm not going to move for the sake of motion because it'd be too hard of a sell. It'd be impossible. I've kids, you know, teenager.

Starting point is 00:51:40 So that and my other, my older daughter lives there. So it would have to make sense. And then you go done. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no I think it's harder to drive here than LA. Yeah, it's really good. I'm not joking. I get lost. You're more than I ever got in LA. I never got lost. You have no hard clue. I heard it as the Uber around here. That's it. It is. I get to get an Uber. Yeah. I don't know if you're going left, right? But by the way, stay on this point. Yeah. And and give me some insight because we've been talking about this for a while. But at what point you say, screw it. I am moving. If you're not seen it already, I mean, you got to realize, so there's a few different

Starting point is 00:52:26 camps, the following camps, those who left a long time ago. We're not talking about those people. Let me go through it for you. Those who left a long time ago, the second camp is those who just left. The third camp is those who are prepared are about to leave, but no one knows about it. And there are those who are in the tipping point about to make a decision. Don't think for a moment there isn't a big community of people.

Starting point is 00:52:52 If I were to told you Larry Ellison's moving to California, we'll move in to Texas. That's Oracle. Oracle. Yeah, of course. Oh yeah, you HP, H-M-H-Elon Musk. Elon Musk, yes. And it's just.

Starting point is 00:53:04 These are the billionaire class. Yeah. They have a lot of reasons to you know, I'm talking normal people working people. I put my house on the market the other day. Mm-hmm. Just two years ago. No joke. I put my house on a market two years ago. For one year was our on the market. We got nothing. No joke. I put my house on a market last week. 24 hours, two offers. We gave them 12 more hours to make their final bit till 12 o'clock.

Starting point is 00:53:32 They both came to a max offer full price. And they said, we're in one, one can we do everything. Just, it's so, Are you about to make an announcement? No, no, I'm not making any announcement. The announcement I'm trying to make to you is the fact that things are moving so quickly that it's like the real estate is like here just going.

Starting point is 00:53:49 Yeah, that's true. They're thinking Arizona. Dude, there's nothing to rent today. There's nothing to rent today. I'll give you another question. I was running a 14 bedroom house in Lake Tahoe. That's where we go for Christmas. We'll have to go to Lake Tahoe.

Starting point is 00:54:02 Okay. Announcement. Lake Tahoe shut down. Heavenly shutment. Lake Tahoe shut down. Heavenly shut down. Ski slope shut down. Everything shut down. You can't party internally together. I call my guy, I'm like, dude,

Starting point is 00:54:12 what the hell happened? It says, man, I'm sorry. Here, they give the money back, right? It's a fat check. They give the money back. I call my brokers. Three of them. We will need a vacation rental home.

Starting point is 00:54:21 Call in every single place. Hey, how about this place? Now, you don't want to go there because they may shut down. New York. How about this place? You don't want to go to Colorado because they may. Hey, how about this place? Now, you don't want to go there because they may shut down. New York, how about this place? You don't want to go to Colorado because they may shut down. How about this place? Now, you may, I wouldn't go there.

Starting point is 00:54:31 So then he says, just look at red states. The guy's a liberal. It's a listen, the situation like this as a person on the left, just look at red states. What's a red state? Obviously, Florida is not red, it's purple, but it's a little bit more conservative, the Santos is running it. He said, your best bet is going to Florida for vacation during Christmas. What a thing to say. See, these are behind closed doors

Starting point is 00:54:54 that people who are spending money are realizing where money is going to people are making it. If I'm going to go to vacation and I want to be by the beach, I want to be somewhere golf all that. You know what? It would have been Arizona. It would have been a dip pump springs. Not today, now it's the other direction. Very, the way people spend their money. Is it time to find a place out there now? Where? Every house in Palm Beach is sold now.

Starting point is 00:55:16 Rent, everything is gone. The guy's like, look, here's what the guy said to me. Making off because this thing's leaving. I'm like, yeah, this is a sales pitch. You know what happened? We lost one of them. So the other rail to that colony says, Pat, I'm telling you, I'm like, do don't worry about it. Here you go. Just take the damn money. We need a place for the family because you're competing against the world, essentially.

Starting point is 00:55:36 So what they're doing is they're helping states like Florida, Texas, Washington, hence the three richest people in the world live where to them live in Washington state, no taxes, basers and and gates. And the other one just moved to Texas, musk, no state income taxes. So these are all going to places where they don't pay state income tax. You're going to start feeling this very, very quickly. But let me give a shout out to a couple of people that are listening to this. If you enjoyed this last conversation that myself, Tom and Adam had, smash that subscribe button if you enjoyed.

Starting point is 00:56:07 I'm gonna give a shout out to a couple people. We got a bunch of $100 once here. Okay, we got one, Jean, just paid $100 just to say she paid $100. Jean, we love you. Thank you so much. Appreciate the love. We had the Maxwell Hernandez paid $100,

Starting point is 00:56:23 gave $100 saying tax on wealthy people will not resolve anything. Right, history of the higher tax brackets of the wealthy have not shown any significant advancement aside from World War II era. Of course, as Patrick has mentioned, there are adverse effects when done so. Instead of higher tax bracket, he said, I see it, he said where are the long term fixes? Why not motivate the wealthy to invest in businesses to create more jobs and government sanction ROI in different sectors? Okay, cool.

Starting point is 00:56:50 As always, keep up the good work listening to the podcast for years and by Etaemon has impact me in a way of positively person. Awesome. And I got a couple other people. Let me give him a shout out as well. We had one other person that said Roger Alvarez, who sat down with Roy Yessir,

Starting point is 00:57:05 the great satan Yessir, the Pad Yessir, I enjoyed it, spoke to wife, Yessir and we're ready for Florida Cheers. Awesome, good for Roger Alvarez at a good conversation with them, proud of him for making that big decision with his family. Okay, let's get back into it. Let's get back into it.

Starting point is 00:57:17 So we got a few other things to talk about. Person of the year, persons of the year, person of the year, Peugeot Biden, he come all the hairs. Were you celebrating when you saw that? I'm gonna shock you, even though, you know, obviously I was very emotional yesterday. Breaking news, Biden is going to be the president,

Starting point is 00:57:33 Electro-College officially put him in office, but you know what, I'm gonna shock you. I do not think that Joe Biden and Kamala Harris should be people of the year. You know, these are, where's the list here? You have people. Excuse me. Don't offend, don't offend. Don't offend. Person of the year. People is a bad word now. Oh, you gotta be careful with people of the year. You know, these are, where's the list? Yeah, people. Excuse me. Persons of the year. Person of the year. People is a bachelor. Oh, you got

Starting point is 00:57:48 to be careful with people. You can't say people. You say person of the year. Persons. Please don't offend our audience. Go ahead. Continue. Time, time, persons of the year. They were the candidates. Persons, time, person, people singular person, even though it's two. Okay. Time knows better English than you and I do. So it's time set person of the year for two people. All right. So tell us. So tell us.

Starting point is 00:58:10 The four candidates were Biden and Kamala Harris or Biden Trump. The racial justice movement and then frontline healthcare workers coupled with Anthony Fauci. I know we're not, it's not to say people are persons. In my opinion, the winner should be the frontline healthcare workers. Are you freaking kidding me? If in a year of COVID, they're literally giving up their lives

Starting point is 00:58:35 and the death that they see on a daily basis, 300,000 deaths in United States, over a million deaths worldwide. The healthcare workers should win the person of the year, people of the year, crew of the year, whatever you want to call them, they should be putting pictures of doctors, nurses, nurses, healthcare workers on the cover of time, not Biden and Kamala Harris, not Trump, not Fauci, not social justice movement, the healthcare workers. Time still has a magazine?

Starting point is 00:59:05 Congratulations. That's right up time person of the year is right up there with the good housekeeping seal of approval. Okay, who gives a crap? You're so irrelevant time, you suck basically. Hey, let's just look at this. She called him a racist this year to his face, a racist. He picks her because he has to. This guy can't even play with his

Starting point is 00:59:26 poodle without breaking half the bones in his body. Okay, the photos is horrible. I mean, what, is that even a photo? They look like they're dying. Both of them. It looks like you're at a funeral for both of them. What a joke. It's like, it'd be like playboy naming Nancy Pelosi, playmate of the year. What did, what did, what did Joe Biden do to you? What did a Democrat do to you? Something must have happened in your life to have to have me have commentary. That's all. You just say something must have happened for you. Not to angry about something.

Starting point is 00:59:52 No, man, it's like time. Who are you? You're irrelevant. I mean, they came out with their shopping list, the shopping guy. They said, go buy a new Walkman. When they when they had Trump in 2016, as time person of the year, what did you say? So you liked it then. You defied history.

Starting point is 01:00:07 You liked it then. It's almost back then. It met something. Oh, God, you're so far. I see how it is. Nice, Tom. Pat, who's your book? Time sucks.

Starting point is 01:00:15 Who are they? I think this happens every year. And this is exactly what they like to do. They like to pick somebody that's going to piss you off because it's going to bring more eyeballs and more people talking about it. And you, you know, Mark Benihoff owns him now, by the way, you know, the founder says for his own time magazine. I don't know if you knew that. Yes, anyhow, he bought him for like, what did he buy? I think he bought him for $351 million or some number like that. Can you pull it up? Mark Benihoff buys

Starting point is 01:00:40 time magazine, Benihoff, time magazine, Benihoff a time magazine, Benny Hoff, time magazine. Let's see what he paid for it. What did we pay for it? That's what I want to know. Under $50 million probably. No, no, he paid a good amount for it. Under $100,000, that's nothing. Ah, that just pisses me off.

Starting point is 01:01:01 That's nothing. So, oh my gosh. Mark Benny off, let's just give a shout out to him real quick. Obviously, business person of the year unquestionably was Elon Musk, well, according to Fortune magazine, I think a many people would agree on that. And then Bezos, richest man in the world. And I'm sure we'll touch on even Gates in this episode. But Mark Benioff sales force, he just acquired Slack. Kai probably has something that he would want to add about, I think he's, what's he called,

Starting point is 01:01:29 deal maker of the year. This guy's an absolute stud. This guy, Mark Benioff. Kai, what did we talk about? No, I said he took over from Larry Ellison on the most acquisitions and acquired many companies. He's company Larry Ellison. Yeah, he was a former. They just bought slack.

Starting point is 01:01:45 Yeah, the guys, he knows what's up. Ben and half. Yeah, yeah, yeah, yeah, yeah, yeah. I think so. At Oracle. You use a vice presidency executive. He is not a household name. By the way, that just tells you right there the power of who you work for.

Starting point is 01:02:01 Let me tell you what that tells you right there. That tells you the power of who you work for. What what habits and things you pick up from working for somebody like that? Of course. You think Ben Hough would have been, if he hadn't had a person like that to shadow, what a great example of what it means to shadow somebody. That's a beautiful story right there to be able to work with someone like that. And plus it feels like he's competing with him, trying to outdo him. But you know what, I disagree with one thing. I don't think time is that forward thinking where they put them on the cover to engage. I think they're that woke. I really do.

Starting point is 01:02:28 Okay. Yeah. I mean, to me, I just kind of see it. I'm like, yeah, I guess they have to announce those to us time magazine person of the year. I mean, who else are you going to announce realistically? Who else? Fauci would have been the guy you would have been. Fauci would have been. They've done in the past, like in 20, they've done multiple people's, what I'm saying, a couple of years ago, I think in 2010, you know who was a time person of the year? You, not you, PPD, but us, you, the people.

Starting point is 01:03:00 The people, we were the time people of the year. Like, oh damn, I'm a time person. I might put that on my resume. I was a time person of the year in 2010, me and all seven billion of us on this planet, eight billion. But 2016 was Trump. I kind of agree with Tom that like who gives a shit and I also agree. It is important because people do talk about this kind of stuff. And lastly, I think they are looking to start controversy when they put on a Biden and a common order. Well, they did get people talking about it now. If it was the healthcare workers, which

Starting point is 01:03:28 I think should have been the time people of the year, would have been obvious. If you're listening to this, who do you think should have been the time out? We know our audience loves Biden. So obviously, they have no idea what they're going to say. Who do you think we have a Biden audience? Who do you think should be the first word? No one's going to say Trump's the time man of the year. I mean, it's yeah, if you're going to say it, it's just the time. There's going to be a lot of people. I'm sure they're going to believe trying to say is there's going to be some that are going to say somebody. I'd like to know what percentage of our audience still thinks that agrees

Starting point is 01:03:52 with Tom that Trump is still here. Here's something that's a little bit interesting. Pfizer CEO 59 years old has not gotten his own COVID-19 vaccine because he does not want to jump the line. What a noble thing to say ahead of a health workers and nursing home patients. The CEO Albert Borola says he hasn't gotten the shot. He is younger than the age group prioritized to get the first US. And he's not a health care worker. He said the firm doesn't want to appear executives can jump the line thoughts on that. What was the Ebola virus?

Starting point is 01:04:21 I think he'd probably get it right away. We covered this guy Albert Borla, if you recall. He's the guy that did a $5 million stock exit. Oh, yeah. I remember four vaccine count. And you were like five, I was like, five million. That's it. I remember that interaction that we had.

Starting point is 01:04:35 I think this is a nice PR move. He's had some very bad PR over the last X amount of months. So you don't think it's a big deal. You think it's a, it's a gesture. Clearly, if a guy wanted to get a freaking vaccine, he could have it. He could be first in line. He's the owner of Pfizer. I mean, we'll be talking about here, you know, but he's saying, look, you know, I'm gonna wait. It's, it's a PR move and, and we're talking about him. And, and again, if he did or didn't do the shot and didn't say anything, we wouldn't be talking about him. But more importantly,

Starting point is 01:05:02 there is a vaccine now, right? It happened in the UK. Yes. Now we have in New York, the first person to receive the vaccine. So when are you guys getting your shot? You know, here's my opinion on the CEO. Number one, I bet he didn't want to answer that question, but he was forced to.

Starting point is 01:05:17 Someone asked him, I don't think he put that out on a press release. They backed him into a corner. He had to answer the question. Number two, if that was the case, he should have said, I'm planning on getting it very soon to maybe exude a little bit more confidence in your product because when the CEO says, I haven't taken it yet. I don't want to jump the line. Whatever. It makes me think, man, do you have some suspicions

Starting point is 01:05:37 about your own product? So his, his, his first scenario was never to talk about it, but since he had to, he should have said, yeah, I'm going to a week from Wednesday or something. It is kind of weird for the guy to say, I don't trust my own product, you know, if you, if you're the CEO of Lexus, I expect your garage to have a Lexus there. I'm telling you, if you're the CEO of Ford, you better have a couple of forts in the garage. If you're the CEO of Pfizer, pitching COVID-19 back, and I'm expecting to say, dude, I took it. You're fine. You can take it. You know what I would do tomorrow if I was the Moderna publicist or PR director, say,

Starting point is 01:06:09 come out and say, I'm taking it first. I believe in mine, you know, because they're. And by the way, he's Armenian. Time magazine of the year, we had a few people that said Trump. We had frontline workers, help workers, doctors. Some people said George Floyd, Elon Musk. Elon Musk is all over the place with some said Joe Rogan. George Floyd, Elon Musk, it's like literally 10 names.

Starting point is 01:06:35 I see a lot of Xi Jinping. Xi Jinping, I think that could have been one. Let's see what else we got. By the way, Xi Jinping is everywhere. Maybe it's the same guy that keeps saying it, but yeah, it's the same guy. Nancy Pelosi, Time Magazine, one man of the year is who would have been. So, okay, so now let's talk about how many of these,

Starting point is 01:06:58 how these companies are handling the shutdown with Google. Okay, you guys know, obviously Google had a little bit of an outage yesterday, right? 30 minutes to an hour was out, Google and YouTube, and apparently Amazon had it as well the week prior to that. What are your thoughts about a company this big having an outage, a Google having an outage for 30 minutes to, do you have an opinion on that?

Starting point is 01:07:18 I do, I think it's unacceptable. I mean, I cannot believe, I mean, when you think one thing about these tech companies is they don't have outages. I mean, that's something that your local internet provider has. You know, your cable company goes down for a little bit or something like that, not Google. And it makes me just think, you know, this is becoming a little bit more, didn't YouTube have something a few weeks ago as well.

Starting point is 01:07:37 And I bring it back to the fact that these tech companies are so quick to have everybody work from home. No one has to come back to the office. I believe that there's got to be some sort of correlation between the fact that they don't have the engineers in-house. They don't have everybody under the same roof and you're having these issues. I mean, when you look at these corporate campuses for these tech companies, it's staggering how big they are.

Starting point is 01:08:00 I mean, we're talking about what, 45 acres for one of them. You know, millions, literally millions of square feet of office space. And then you about what, 45 acres for one of them, you know, millions, literally millions of square feet of office space. And then you think what, Apple, okay, so Apple just has that circular new thing. It's like four stories tall, seven million square feet of office space and it costs them a little bit over a billion. And you're thinking that's nothing to these companies. So they, there must be something about them not wanting to have everybody in the office.

Starting point is 01:08:25 There must be some huge savings because, you know, what's a billion debuts to them? That's nothing. You know, that's security for Sergei Bryn for one year probably or something like that. You know, it really is minimal in the grand scheme, but I really think, and they're so quick to say, hey, you don't have to come back to work until the middle of 2021 or Twitter saying, you don't ever have to come back to the office. How was that a good thing? You know, the guy who is the exception to that is Reed Hastings. He says, there's nothing positive about us

Starting point is 01:08:50 not being in the office together. I want them all back as soon as possible. His alternative is four days at the office, one day flex, where maybe you work at home, which I think that makes a little bit more sense. You, people are gonna start going nuts if they're just gonna be working from home forever. I know so many people trapped working at home in L.A. in California.

Starting point is 01:09:08 They feel different to me. I think they're going a little stir crazy. It's crazy. You're not as active. You don't have the social interaction. It's a very negative thing for the country. A couple of things. I don't know what happened with the, how long was the shutdown? A half hour. What was 30 minutes? Yeah. I think it was 30 minutes. 30 minutes. First thing that came to mind, maybe because I was reading that treasury story is hackers. Modern day warfare aren't gonna be hot wars,

Starting point is 01:09:36 aren't gonna be, that's why I think not to get all political, the whole building, the wall thing is so archaic. Today it's you know, bio warfare, hacking, software, viruses, what have you. So who hacked something is where I'm going. I think so. You know what it also, you know the song, I'm only human, you know that song they didn't and this auto insurance commercial. I don't have seen it. The guy keeps hitting stuff and you know, it's a great auto insurance commercial. No, it's humanly. Yeah. So I'm only human, born to make mistakes, right? So is Google

Starting point is 01:10:18 allowed to make mistakes? I mean, that's the part. Can you imagine like Google's down? We're furious. I cannot believe this free service is down. What is wrong with you guys? You guys better get it back up. It's free. Damn it. You know, we're in pain for it, right? That's not a human mistake.

Starting point is 01:10:32 No, no, no, no, no, no, no. All I'm saying is, what Google does is, it gives smaller business owners the ability to realize that even a juggernaut like a Google makes mistakes, right? Even a juggernaut like Google can make mistakes like that. But I do like what you said about the fact that when people are now working from an office, maybe they're not as focused as they would have been working from home. By the way, here's how it's working out for all these guys on how they're doing their

Starting point is 01:11:02 what do you call it? Their remote work. Their remote work. Yeah, let me take a look at which ones I got here. So, Facebook is asking people to work remotely until June 2021. So they're gonna go another six months. Apple said that they're not in a hurry to return, at least not for several months working from home in 2021.

Starting point is 01:11:23 Amazon until June, some of them, some of them obviously have to work from work. Twitter's like, listen, you can work from home for the rest of your life if you want. Salesforce is saying you got a return to work August of 2021. Slack is saying remotely on a permanent basis if they'd like, and they're also saying June.

Starting point is 01:11:43 Microsoft will reportedly allow it's 150,000 workers to work from home, at least part time. This is like a hybrid model. Read Hastings is saying they won't open up most unless if people are majority of people are vaccinated. Interesting. So Hastings said he hasn't seen an upside of remote work.

Starting point is 01:12:01 No, I don't see any positive. Not being able to get to get in person, particularly internationally, is a pure negative. I've been super impressed at people's sacrifices, meaning he wants people to work from the office. Stripe is saying one time, one part, one time bonuses, they're also kind of following the norm on what's taking place. I don't know, I don't know about this working from home situation here. Let me give you a little perspective here. And I, and I, And I shout out to Kai for putting together all these list of companies.

Starting point is 01:12:27 But let me tell you some of the words that stuck out to me and then I'll give you my opinion. Here's some of the words that we're using now when it comes to future of work that did not exist a year ago. Remote has been a thing, but WFH, I remember what the hell is WFH? Work from home, hybrid model, flexible schedule,

Starting point is 01:12:44 virtual work, decentralized jobs, a collaboration day, like where you're working remotely for the four days a week, for example, and then one day a week you come in for a collaboration day, a relocation bonus where if you're going to move, they might pay you less, but they'll give you a $20,000 relocation bonus. Now we're talking, we had a conversation a couple of weeks ago about your employer might have the ability to make sure mandate that you are vaccinated. But just to put it in perspective, here's a more of a macro historical perspective when it comes to work. So let's talk about work life balance for a second, because I think no matter what you

Starting point is 01:13:27 do for a living, everyone strives to have a better work life balance. If all you're doing is working, right, then your personal life suffers. And if all you're doing is kind of chilling and doing what a lot of people down in the South Beach do and just kind of like, you know, work on their tent and they're not necessarily working. And this is the problem with talent in New York versus, you know, Miami per se. You're not exactly gonna be getting ahead.

Starting point is 01:13:48 And so just painting a picture overall of work for thousands of thousands of years, people works from home, right? That was their thing, whether you were a farmer or a blacksmith or you were a tradesman, you had your, you know, farm outside your house and you lived upstairs. And that was just sort of what you did.

Starting point is 01:14:06 But since the industrial revolution, you know, call it 150 years ago per se, people have started to show up to the workplace, right? Go to the companies, to the factories, you know, leaving the house, it's almost like you had a double life. It's like you would kiss, you know, we've all seen the, you know,

Starting point is 01:14:21 the leave it to beaver type shows where you'd kiss your kids goodbye in the 50s. All right, I'm gonna go to work. This is sort of a madman-esque type of picture of this. But you go to work, you leave, you're out the house by eight, you're back home by six o'clock, what have you? You have your work life, and then you have your home life. So what I like about this is now maybe

Starting point is 01:14:40 there's gonna be a better work life balance. Maybe you're working from home, you know, three days a week, two days a week, you're working from the office one or two days a week. I think all in all, what this is going to enable people to do if they can do this, not everyone's going to be able to do this, is just have a healthier work life balance. So it'll be interesting how it plays out to have a more of a blended, a happier life. You know, what's up with all this corporate space?

Starting point is 01:15:06 I mean, that is a lot of office space not being used. You got the companies leaving California, you got the companies that say, you don't even have to come into the office. If you thought, I mean, that's a lot. I don't get it. What is the end game with these companies? I don't like it.

Starting point is 01:15:20 I'm not a fan of it. And I think, if you've studied this you know, if you study this over this course of a year or two, it's going to, you know, production's going to go way down. You know what we are not talking about? Would somebody just give five bucks a talk, but I'm going to give a shout out to Lorenzo. Jay, I do agree with them. He said, Pat, you and so boy of the year have not spoken about 20 Shay and his passing. It's being reported that COVID depression played a role in his death, right? COVID depression is playing a role in his death. Okay. And I see NBC. I think CNBC or MSNBC, I sent you the link. Kai, we have talked about internally, but I know we're not here, though.

Starting point is 01:15:55 Not here, though. If you want to bring that up, just Kai, just create like writing a paragraph, buddy. Okay, there you go. Okay. Tony Shay, CNBC, press control minus minus, a couple times, control control. Okay, they bring you down a little bit. No, no, the other way, yeah, the other way. Tony Shay's last months, our tragic reminder, how COVID isolation can worsen mental health. Here's how to help. So, here's a guy that's an isolation.

Starting point is 01:16:18 He likes to be around people, okay. And there's a lot of weird stories that came out about, you know, I immediately said rest and peace because I remember reading this book, a deliver and happiness, ridiculous book. I made it a book of the month, everybody to read because there's a lot of value in it. So you guys worth a half a billion dollars. It's crazy, no will.

Starting point is 01:16:37 No will. No will. Yeah, and yeah, this guy's worth a half a billion dollars. No will. Drank a lot. Drank a lot. Drank a lot. Try different drugs. Okay. Yeah. I wanted to see where you're going with this because tragic number one, but being

Starting point is 01:16:53 isolated because of COVID was not the cause of his death. This guy was doing some weird shit. But wait a minute. Let me ask you question. I mean, you're going to be an isolated is not the cause of death. You don't think people are having suicidal this, you know, conversation. That's how I said, I'm talking about him specifically. But let me ask you a question. Here's a question for you.

Starting point is 01:17:12 Here's a question for you. Here's a question for you. How many people, you ever seen that one movie where there's a, I wish I could know what a movie it is. Some of you guys may remember what a movie it is. This guy who, this girl who comes to work every day she's suicidal, every day she's suicidal. She comes to work every day, she's suicidal. Every day, she's suicidal. She comes to work and she goes and does her thing, doesn't talk to anybody.

Starting point is 01:17:30 And then one day somebody says, oh, your hair looks so good today. Her level of, you know, it went lower. It's a movie. I can't remember the movie. She would go to work and she was ready to kill herself. And she was just like so sick of life and all this other stuff. Dude, sometimes coming to work and you run people, you're like, Hey, what's up, Johnny? What's up, Bobby?

Starting point is 01:17:46 How you doing? How's everything? Take that away from people to not have interaction with you. Maybe we need interaction. Yes. Dude, you're talking about you want to increase my immunity? Okay. Put me around some people a little bit for me to be able to talk to people.

Starting point is 01:18:00 What about that anxiety, that depression that also goes in effect? So I love that point. And I'll give you kudos to that. then I'll get back to 20 Shade. I think Aristotle once said we are social animals. We are social, like people need to be interacting with other humans. That's just a basis of life. I mean, shout out to what we do here every day. I spoke to my buddy who's a huge, like the biggest Trump supporter ever.

Starting point is 01:18:23 He's out in Pittsburgh, shout out to scumbag Joe. He was shocked, shocked that we come to an office and work. He's like, you guys go to work every day. He's probably envious. Yeah, well, I mean, he's, yeah, maybe he's still getting over the fact that the Trump has a one, but he was shocked. He's like, you hold on. What?

Starting point is 01:18:43 I was FaceTime once on me yesterday, but he's, he can't believe we're going to work with Texas. It's very normal. Yes. And red states. But Florida as well. I gotta tell you guys going back and forth. It's just like entering two different universes from Texas to California. Really? It totally is. But with Tony Shay, yeah. And everything you talked about being social, interacting, having, yeah, your hair looks nice, Pat, you put the energy, your hair doesn't look as curly today,

Starting point is 01:19:11 it looks nice, you know, like getting compliments, hey, what's up, cool Vast, sick Vast, Tom? Like, people crave that, need that, need appreciation, need recognition, no doubt. So COVID has had some effects, especially on businesses, no doubt, no doubt, no doubt. With Tony Shea specifically, and I'm a fan of his, even Jeff Bezos, who doesn't post a lot on Instagram.

Starting point is 01:19:30 I don't know if you follow Bezos on Instagram, he posted a picture of Tony Shea, like respect. But he was doing some weird stuff. He got down to, I think, a hundred pounds. He was seeing how long he could go without eating or urinating. Well, Adam, did you see he has this diet where it was called the alphabet diet, where one day you only eat foods that start with an A. Okay. The next day, it's only B.

Starting point is 01:19:49 They literally said when you got down to WXYZ, he wasn't eating at all. Crazy. He lost sick, I'm out of food with an X. But the, the, the, the saddest thing here and he was doing all this weird stuff. He was sort of a pyromaniac. He had a fascination with fire. He was playing with fire. He barricaded himself in a house. The house caught on fire, choked on smoke, whatever happened

Starting point is 01:20:08 happened. But extreme example versus what actual normal people are doing. You don't give isolation any credit to them. You don't give isolation 5% credit. You put a push them over the edge. That's not what I said. I'm saying isolation is a real thing. I talked about help your social creatures and Aristotle said, you know, said that we are social animals.

Starting point is 01:20:28 We need to interact. Yeah. But that doesn't mean that you go down to a hundred pounds. You do an alphabet diet and you get become a pile of many ask. Are you asking for me to do an endorsement of alphabet diet? Because we're not doing it. Is this another one of those shout outs? Consider doing it. Look at looking for sponsors. No, we're not doing alphabet diets. Not on vitamin. No, no, I'm not, I'm not disagreeing with you. But by the way, he's saying he was doing some weird stuff. Even in the book, Deliver and Happiness, he talks about the kind of parties he put together. It's just a party guy.

Starting point is 01:20:53 He likes the party. And he has a lot of drugs. And Ablers all around him too. No one that could tell him to stop. Sure. But the biggest thing, and you might want to weigh in on this, he recently, well, he sold this company to Amazon. I have him many years ago for a billion dollars.

Starting point is 01:21:05 But he recently stepped down as the CEO of Zappos. He had all this money, money can't buy happiness. He was maybe sort of lost his purpose. He was exploring with life and the meaning of life and kind of going down a wrong path. And he sort of lost his baby, which is so funny. I don't know, bro. I think you need, we sort of lost his baby. I don't know, bro. I think, you know, you need,

Starting point is 01:21:27 we yesterday we got some bad news. Okay, and I'm gonna say public, literally everybody hears us, I don't have to say, you know, to a bunch of different places. So, two weeks ago, we announced we're having twins. Thanksgiving, we announced we're having twins. We went to the doctor,

Starting point is 01:21:39 like we have to see you guys as a step. Yesterday, we went to the ultrasound, one of the babies is dead, right? Shut up. You have one baby is, was body was right there in the ultrasound, the other baby you see, uh, fully grown, the baby died like exactly when we announced that Thanksgiving, the baby died. Okay, so baby stayed same size, the other one is grown, okay?

Starting point is 01:21:59 So you know, I'm saying this, I'm not saying this, you know, but what I'm trying to tell you is this, we go to the doctor yesterday, we come back here, Jennifer comes, she's in her office, Maral goes talks to her, there's a relationship, there's somebody that you have somebody to talk to. I am grateful for the people who are around because you have someone to say, dude, I just had a bad day today.

Starting point is 01:22:23 Dude, things are not going right. All good, man, it's all gonna be fine. And the spirit around you can lift you up. What are you doing? So for us, believe me, listen, it's been a very weird week for us. It's not been the easiest week for us. It's been a little bit weird

Starting point is 01:22:35 because a lot of things are going on. And, you know, I've been talking to Jen as we're going through this. How about the people that have things like that happen that have no like that happen that have no one to talk to, to go sit there and you know, just how you doing, man? You wanna go have lunch, you wanna go have coffee, you wanna take a walk, are you okay, are you good?

Starting point is 01:22:52 Did even somebody ask you, are you okay? Is everything all right? Yeah, I'm good. That release of a man to man, women to a woman, face to face, it is liberating. You need it, people need it, So many of them don't have it. You have to have somebody to talk to. And that zoom is not giving you the personal touch, by the way. Zoom is not the personal touch. Zoom is great technology. You know, it's changed. Obviously, he became

Starting point is 01:23:17 the businessman of the year, the person business person of the year with time X info, what he did with, I think he was the guy that became the business person of the year for starting in for doing what he would zoom, but people need the personal touch. And I feel a guy like Tony Shay, just needed somebody to tell him, bro, you got to slow your roll. And you just sometimes need to hear that over and over

Starting point is 01:23:38 and over and over again until somebody says at the right when you say, no, what? That was soothing, that was comforting. You're comfortable with it, right? So yeah, look, I feel bad for people that are fully isolated away from everybody. Well, condolences, ma'am. Yeah, I appreciate that.

Starting point is 01:23:54 For sure, really sorry to hear that. Right. You know, the new normal, this is becoming a new normal. Who defines that this is normal? You know, I look at, you know, I think people are gonna grow to hate Zoom. I think people are gonna grow to think of Zoom as a negative. School, my kids have been on the Zoom school for nine months, so it's going to be a year

Starting point is 01:24:11 and March, there's no hope for them going back to school. And it's just, it's so unhealthy. I mean, you've literally given up a year of your life. I mean, and there's no end in sight. It's depressing. It's terrible. Have you ever seen how single babies, babies who are one child family,

Starting point is 01:24:28 how different they are than those who have a sibling? You ever studied, you ever noticed a trend with people that are by themselves? They're all by themselves? Well, look at that like Robin Williams. It's very famous case. The only child sent them. Only child sent them.

Starting point is 01:24:41 You know, it's a little bit like, man, think about being the only child. It's not, you know, like when we, when we, I intentionally, when we bought a dog, I bought two of them. You got two kids. You got two pit bulls, right? I don't know about getting one dog. You know, it's like, the guy needs company.

Starting point is 01:24:54 You know, you know, you do siblings. I don't know about one child. It's tough. And by the way, some people make a decision to do that. When some of them can't do it. So not judging anybody that your help is not aligned. Some people are just glad and thankful that they just had one. But look, that whole one child's, you know, stories, you know, the kid

Starting point is 01:25:10 can only tell mom and dad, you know, you can relate to, he has to have somebody on a daily basis to relate to a kid. Somebody at least that's two, three, four, five years is age where there's some kind of non-isolation. You're working from home all by yourself, bro. I don't know. I don't know if this is, I don't know if we know the side effects of this long term. That's all I'm saying. We were holding a meeting, right? And my guys are saying, well, what do we do with this?

Starting point is 01:25:30 There's a meeting. I'm supposed to be in San Antonio this week. And the conversation was, they're doing it at this place, a real nice place like Tahoe, beautiful home. We didn't event two years ago. They had a lock, then everything was set up, and then they get to notice. I'm supposed to be in Lake Tahoe this Friday for an event

Starting point is 01:25:45 and I'm supposed to be in Lake Tahoe next week for Christmas. So if we get the award this week for Lake Tahoe, okay? What do we do? As the people need to be around people. Figure out a way to go to a state that allows you to be around other people. Yeah, follow the six feet the whole night. So guess what state they're doing their event in?

Starting point is 01:26:01 Texas, guess what city? San Antonio. Hotel founded, opened it up. Great, they're gonna follow the guidelines. They'll be in the same room together because people need company. And I'm doing a kickoff meeting, beginning of the year, January.

Starting point is 01:26:12 I think a Sunday Monday kickoff meeting. Right after New Year's, I'm holding a kickoff meeting. I've been doing this for a long time. This year we're doing a live here in Texas. Dallas, Idaho, we're gonna follow the six feet guideline. But we're doing it because people need to be around other people. I think that shows leadership for these companies that say, hey, we can't get it. And you know what?

Starting point is 01:26:32 Here's the last thing I'll say, you look at California, which is shut down everything. New York, which is on the verge of shut down and everything. It's not working. It's not like that is resulting in these numbers radically going down. So you look at this objectively and you're saying, okay, they're putting all these harsh restrictions on you. You can't interact. You can't go to work. You can't go to school. You can't go to church. And yet it's not moving the needle one bit. Well, your kids are on school, right? Now they are. Yes, they're

Starting point is 01:26:59 on school now. Two of them were not. They had to shut it down for a couple of weeks, but now they're all going to school. Yeah, but the high school at the school is shut down. Still. Yeah, high school is shut down. So the younger the kid, the younger kid. Little bit more comfortable. And these kids need to be around other kids.

Starting point is 01:27:15 I mean, imagine, I can't even tell you, like I remember when my son was like 60 days into it, he's at home isolation. He's like, he was losing it one day. I mean, he was like completely losing it one day. He's there, T-co. T-co. He was like, man, I gotta be, but what's going on, daddy? What do we do wrong? Cause a daddy, you didn't do anything wrong. This regulation, I want you to be around different. So I was, they were coming to

Starting point is 01:27:33 the office. They were happy to see you guys. They were coming here like, oh, what's up? You know, walk around just like seeing him on being. So there are people out there that kind of, but not a lot of people can do that. Can't bring your kids to work. Yeah. Not a lot of people. And then you compound it with, there's no other releases. You a lot of people can do that. And then you compound it with there's no other releases. You can't go to the park. You can't work out. You can't go to the gym. You can't play in your organized sports leagues.

Starting point is 01:27:50 It's terrible. Um, yeah. I have a nephew who's a nine years old. And my my sister, my sister's son. That's my little best friend. They've only had one kid. And I make a point to make sure that I'm hanging out with that guy. I'm bringing him around all of my best friends' kids.

Starting point is 01:28:08 Like listen, you gotta interact here. Cause I saw that he was becoming a little like, that's my stuff, don't touch it. I'm like listen buddy, like I'll house all your shit. I don't think, like, we are playing that game. We're not playing the selfish kid game. You're gonna learn how to share. You're gonna learn how to lose properly, you know,

Starting point is 01:28:23 like I'm not gonna just let you win. Only child syndrome is a real thing and you gotta teach them right now. I'm gonna give it a complete opposite. Somebody just gave five bucks and they said, my son is an only child, but he loves the online school for the flexibility and now he spends more time with his friends.

Starting point is 01:28:37 There are some stories like that, you know, to be complete opposite of what we're talking about. And then Nova, Terrey just gave 10 bucks and I have an online business. I chill and work from home all the time. Barely have friends, having been outside in literally months. I'm one of the crazy few who can live like this. Ha ha ha.

Starting point is 01:28:53 There are people that can live like that. Introverts. There are people that can live like that. You know, Pat, I think that could be a good dad. That was seriously, I think you got some great potential. I think Adam is, I think Adam. I think Adam will make a wonderful dad.

Starting point is 01:29:05 Adam will make a wonderful dad, but you know, when it comes on to marriage, man, you, you follow love emotionally, but you got to marry logically. You follow love emotionally, but you got to marry logically. It's a very, it's my biggest problem. Yeah, I know you want to get married. Very, very emotional. There's no logic going in.

Starting point is 01:29:23 The wrong women. Well, listen, if you're looking on Tinder, you're going to just constantly follow love emotion. It's just a bunch of emotions. South beach, bro. It's only fans. It's what you told me yesterday. It's only fans. It's what they went there. Why don't you tell us about the only fans story brought up yesterday? Oh no, dude. I mean, just in general or I mean, I'm a gamification, you were like third highest score with the

Starting point is 01:29:49 most money spent on only fans. I said, a hoification. I'd like to see if our audience has any thoughts on, on only fans. I'd love to hear it in the comments section. So one of the businesses that has definitely blown up since the pandemic is only fans. Now, what is only fans? It's basically this paywall on the internet. Tell you know about this. Look at me like what's going on.

Starting point is 01:30:06 No, I do know. Yeah. All the the women out there for the most part, there's men that do this. I assume as well. Women out there and specifically I'm talking about the porn stars, the strippers, the dancers, the cocktail waitresses, you know, a lot of, you know, pretty year women who were workers, ladies of the night, that no longer could go to work. How did they make their money? They went on to only fans. And basically, there's a lot of women, Emma, what's the girl's name? Bellathorn.

Starting point is 01:30:40 Bellathorn, she made a million bucks in like 20 minutes or something like that. Yeah, something ridiculous. And a day, basically people pay, you know, peep show. Peep show. That exclusive content. Exactly. Exclusive content. It's a brother have you. What have you? What have you? So, you know, think about it. You go on Instagram and you just got to build followers and hope advertisers send you something or send you a swag. So you're good with this only. I think it think it's brilliant. I mean, it's capitalism at its finest. And you know, what people are used to that, you know, that subscription model for everything they do. And I don't think you think of six or seven bucks as a big deal anymore.

Starting point is 01:31:14 The problem that I'm that I'm seeing with this only fans thing. And look, I get it. Capital is a make your money is, okay, I get the strippers and the dancers and, you know, the porn stars and, you know, the girls who were like, you know, cocktail waitresses at a strip club, but they weren't really stripping whatever. I get, and like the Instagram model, I get those girls, like they're going to go naturally go on to this website, only fans. Did you ever smell? Did you ever smell? No, no, no, no. Would you have? Did you ever strip? I never had the abs for it, man. No, but let's say you had the opportunity, would you have? No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, you ever strip. I never had the abs for it, man. No, but let's just say if you had the opportunity, would you have? No, that's not why not. He was more to the point. I don't

Starting point is 01:31:50 worry. What about, but I'm asking you, what about you? So some asking you question, would you have stripped if they paid you good money? No, I just, I think I would never, I think I'm talking about Tom, Tom's blown my mind over with what he's probably not. They pay you good money all the way strip or just like a chip and Dale thing Ricky Never would you have you know what maybe I'm thinking about it Fuck it Yeah, let's get crazy But here's my point with the only fans thinking about so you would be an only

Starting point is 01:32:23 It's the girls that graduated college and have a job. They have a degree. It's girls who just had normal jobs. They got laid off. They were just normal waitresses, cocktail waitresses, whatever. Now they're doing an out of now. There's the thing. If you're ever going to make us talk about a brand like OnlyFans, this is where he gets sponsorships. Yeah. Why didn't you go to OnlyFans since you're such a diehard fan of them to say, I endure some of my fans. My name where he gets sponsorships. Why didn't you go to Only fans since you're such a diehard fan of them to say, I endure some of the fans. My name is Adam Sonsen.

Starting point is 01:32:49 I've never signed up. I just know that there's a lot of girls that I know that are doing it. It is what it is. It is what a lot of people are realizing. You know, I think a lot about you said there's nothing about that part of that soy boy. I mean, think about they have nothing to lose by doing this and they throw a little bit more mistakes. That's not true. She said there's nothing about that part of that soy boy. I mean, think about they have nothing to lose by doing this and they throw a little bit more. That's not true.

Starting point is 01:33:06 There is something. I mean, we saw the story in the New York post about like an EMT lady, a nurse in New York. She was, you know, doing some only fans. Listen, if you're doing only fans, you're doing some risk case stuff online. Yeah. New York post called her out. And so there's women that have normal jobs, you know, by day that want to make some extra side hustle money, but they get called out for doing some.

Starting point is 01:33:27 I think this is a perfect transition into our sponsors because if you're ever on your iPad or your phone and you're visiting only fans and you're using Wi-Fi, you've got to make sure others cannot see what sides you're visiting. No, people. Yes or no. This is one of the reasons why we support and endorse ExpressVPN. It's very easy to use. You have it on your iPhone, you have it on your iPad, you have it on your computer, you're

Starting point is 01:33:53 literally logged on, you're doing what you're doing. But if you're using someone's Wi-Fi at yardhouse, at Starbucks, nobody can see what searches you're doing. That includes if you're going on only fans like Adam. So one thing about only, one thing about ExpressVPN, and I'm being serious with you guys, I actually use this product that's on my phone, it's on my PC, it's on my iPad, I use it regularly. It doesn't matter whether you use Comcast, Verizon, AT&T, any that stuff. It reroute your internet connection through their secure servers, so your ISP can't

Starting point is 01:34:20 see the sites you visit, keeps all your information secure by encrypting 100% of your data with the most powerful encryption available. Most of the time I don't even realize they're there. It's available on everything including a smart TV, protect your online activity today with the VPN rated number one by CNET and wired. Once again, number one by CNET and wired, visit my exclusive link, expressvpn.com forward slash pbdvpn. Once again, expressvpn.com forward slash pbdvpn. Sign up for a year, you'll get three months free. Would expressvpn.com forward slash pbdvpn.

Starting point is 01:34:57 That would only happen if you would have talked about only fans. Yeah, that's that's that's that would have only happened. I'm setting you up for success here. Shout out to expressvpn. I can go have only happened. I'm setting you up for success here shout out to express VPN I can go on only fans anytime. I want without anybody wearing about Where I'm not when you use express VPN and you're on porn hub. Do they see it or not? They actually don't Okay, they don't I wanted to make sure because it's very important for someone. Okay, so so so Russian hackers

Starting point is 01:35:19 So Russian hackers. Let's talk about Russian hackers speaking of hackers at porn and only fans that is killing it What the heck yeah? So Russian hackers suspected of spying on US government including Treasury and Commerce Department, Russian hacking is likely to become one of the top intelligence priorities by the administration, okay. Suspected that Russian hackers have infiltrated several key parts of the US government,

Starting point is 01:35:40 including the Treasury. We know that the security breaches were so alarming that they promoted, prompted the National Security Council to meet Saturday. Reuters reported and come less than a week after National Security Agency warned that the Russian State Sponsored Actors were exploiting weak spots in the computer system used by U.S. federal agencies, U.S. federal agencies, and ministers, including treasure comes on smart comes and got it. This is much bigger story than one single agency, a source of familiar to, with the story

Starting point is 01:36:09 told Reuters. This is a huge cyber espionage campaign targeting the US government and its interest, thoughts. Worst case scenario, I don't think there's any way to minimize just how terrible and serious this is. I mean, when you look at, I mean, they've been inside their system since March. All right, covert. And these are the best hackers in the world. Okay. So, solar winds, you're saying why them? Well, because look at their clients, most of America's fortune 500 companies, top 10 US telecommunications providers, all five branches of the US military, the state department, national security agency, and the office of the president of the United States.

Starting point is 01:36:46 While we are off worrying about ourselves and bickering amongst each other between Republicans, Democrats and thinking China is our only enemy, Russia's sitting back there, very sly, very savvy, very smart, looking to destroy us, just like some of these other countries are. This is huge. I would love to know what they got. I hope we a retaliate against Russia, okay? If it's Russians that did this,

Starting point is 01:37:09 we have to retaliate in some way. Now look, I think we probably have better hackers. I mean, what we could be doing to other countries, or we might have some silent threats that we could shut down your grid in five seconds or do whatever, I would imagine that, and Eric, you probably know some of the tactics of our military cyber teams,

Starting point is 01:37:24 but I'm sure we're top, top shelf. And I also think this company in Austin, Texas needs to have some repercussions. Solar wins. Do you not have anything in place where you can't tell that half of the Kremlin is inside your system? I mean, my God, this is horrible. And the treasury, I mean, when you just think of some of these places that they've infiltrated its bad news.

Starting point is 01:37:44 Yeah, the, the, this is a major worry. I mean, we talked about last week about who's the number one threat to United States is for sure, it's China, no doubt, economically, for sure. When it comes to cyber, look, Russia don't, don't play. And Tom brought up a good point. Here we are arguing amongst ourselves, the proud boys versus Antifa and the left versus the right and Trump versus Biden. But let's not forget we're all American here. And we have countries around the world who are definitely rooting against the decline of America and put Russia at the top of that list and put Vladimir Putin right at the top of the top of the list with Xi Jinping. right? You can put Iran in that list, North Korea in those lists.

Starting point is 01:38:27 These hackers don't play. And I'd like to see this is what I talked about earlier on the show, Martin warfare, right? It's cyber, it's bio warfare. It ain't hot wars anymore. You give me a little smirk. What's the smirk? Do you remember a couple episodes ago? I said, watch how close, how, how the left and Biden pitch who the next enemy is.

Starting point is 01:38:47 And I told you, it's going to be Russia. What did I tell you? And the attention is going to get away from China. You don't remember me saying this? I do. One that I say this. Okay. You said the last episode.

Starting point is 01:38:57 One that I say this two weeks ago. Okay. Go ahead, Kai. What if, what if this is a Chinese hack, making it look like a Russian? Yeah. So for me, it's so easy to blame everything on Russia. The old Chinese hack and blaming on Russia, that old metal move. Guys, it is so easy to blame everything on Russia.

Starting point is 01:39:14 Russia's such an easy target to hate. Putin's so much easier to hate than China. So much easier to hate than China. So look, I'm not saying read into it. All I'm saying is I'm not getting emotional about the story. Here's what I do know. Guess who's hacking into our system? They all are.

Starting point is 01:39:29 Everybody is. But who you pitch as the biggest enemy. Everybody's hacking. You think China's not hacking into our system or you kidding me, the insiders, they have, did you hear about that sex spy that they have, the lady that you read about that, right? I think you even wrote about that, right?

Starting point is 01:39:44 On VTpost.com. Yes, there's a sex spy, Chinese sex spy. You want to tell us about the Chinese sex spy? So they're hanging out with Eric Swallow. But you know, yes. That's something different. So literally, and she's not the only one. They think there's hundreds that China has set in here, and it's brilliant move.

Starting point is 01:39:59 They get these charismatic, beautiful people that are essentially working for the Communist Party in China. And they send them over here here and they infiltrate it. They get close to these politicians. They're having a sexual relationship. They're getting all kinds of dirt. They're probably getting access to their computer. I mean, you can see how vulnerable these politicians are.

Starting point is 01:40:17 So very effective method about that. Yeah. I got to make a phone call. There's a lot. There's a lot. Yeah. I've been talking to you. Well, you can get away with it because she's not only fans, but the whole thing here with this

Starting point is 01:40:29 is a very similar story, Red Sparrow. Okay. Red Sparrow, if you've seen the movie, I don't know if you've seen the movie. And Light knows Pat. You've never seen a movie. I don't think so. Have you read the book? It sounds really good.

Starting point is 01:40:40 Have you guys know the story? Red Sparrow is exactly what China is now doing. That Russia used to do. Beautiful Russian woman who were fully trained, they would come in and they would go and get into the most powerful politicians ahead. And hey, then negotiation is very easy. We have tape, we have this, we have that. If you don't want it to come out, you better give us this. It's a very, very, very effective method because man's weakness is through his zipper. If you can get in there and get some video tape and negotiate that through, you know, by the way, one of the best guys I'm doing that is apparently Borat because he knows that it's going to get some other

Starting point is 01:41:13 guys and get him to get him on tape. It's not a hard method to do. I had an insurance story about this one guy that they were fighting for $35 million policy with the other guy that I tell you the story or no. Yeah, I think I talked about it. I think I'd be talking about anyway. This isn't a new job. This isn't a new thing. This is a method that's been going on. I'm just curious, you know, who they're going to pitch as the big enemy will it be Russia for us to be scared. I know. I know. I know. I know. I think Russia take offense if they're being blamed for no reason. But they get to say it's not. look in the audience. I don't think Putin minds. Yeah.

Starting point is 01:41:46 I think Putin's the kind that's like, listen, keep building me up as a big renem. It's okay, scared a hell out of everybody with it. Two things. Yeah. Very well, maybe Russia, if they're coming out and saying it. So let's just not pin this on China. But one thing I know for sure, Pat,

Starting point is 01:42:00 we're not gonna give China a pass on this show right here. We're gonna hold China accountable. So, so, so even though Biden may, even though our friend Hunter Biden may, even though the, uh, why do you love China? Why do you love China? Why do you love China? What is it with you protecting China? Maybe there's this Russian China red sparrow that I'm talking to that has it.

Starting point is 01:42:19 Why are you in my zipper? You never know. Why are you so protective of China? I'm not protective of China. Honestly, open it up right now, baby. Fabipat, listen, I don't want you to be isolated by your certain preference. Tell us, why do you love China so much? Yeah, I just, I don't have an answer to that.

Starting point is 01:42:34 I do not love China. What do you think in this guy would add him the fat infatuation with China? He's got to be on the payroll. If China was a pay me, he's like, China tried to pay you a million bucks. All the bomb was paying $6,000. China tried Hollywood, I'd like to pay you a million bucks. I'll give you about $600,000. China's trying to make that 600 grand to come give a speech. Well, they're going to give you 300

Starting point is 01:42:51 and they were going to dedicate 300 in your honor or something like that. You don't see the end? So we got on the call. Were you on the call? When we talked China, I think I was there. You were on the call. So they gave me $600,000.

Starting point is 01:43:02 Is what they wanted to do. Fly you to China. I fly to China and I hold the check of $600,000, is what they wanted to do. Fly you to China. I fly to China and I hold the check of $300,000 to give to their charity of choice. Their charity of choice. Their charity of choice. So, but I keep 300 of it and I give 300 to them. Which by the way, I've never heard of anything like that

Starting point is 01:43:18 in my life, but. They have you as a propaganda tool. I mean, it's basically, you know the playbook, but it works in Hollywood. I mean, didn't Jack, the founder of Ali Baba, he owns half a Hollywood. I mean, all he owns half the studio. What is it? It's Quitting Pro Crow, pay for play. Look at the NBA. But you know what? Here's the thing about China, not to change the subject too much, but

Starting point is 01:43:36 they've had this game plan and they stick with it. I mean, they came up with this game plan decades ago and we're playing right into their hands. Okay. Question for you. If you're watching this, let's play this card here together. Okay. If you think China is the bigger enemy than Russia, put thumbs up. If you think Russia is the bigger enemy than China, put thumbs down.

Starting point is 01:43:57 We're at 7.73 to 3 right now. They're really enjoying this today's podcast. Yeah, they're really enjoying, there's a part in there, there's a thumb like this and a thumb like this. I see that. Yeah, so 7.73 to. Yeah, they're really enjoying. There's a part in there. There's a thumb like this and a thumb like this. I see that. Yeah. So 773 to 3 body.

Starting point is 01:44:08 It's basic technology. I don't see that. Okay. Who is the big renny? China or Russia? Thumbs up for China. Thumbs down for Russia. I'm actually curious in a word.

Starting point is 01:44:16 This goes from here. Okay. Why don't we talk about India's farmers? Because this is a very, the biggest protest ever in human. You guys know the number. How many people protested? A quarter of a billion people participate in a protest. Basically every adult in the United States.

Starting point is 01:44:30 Basically every, no, no, every adult in the United States is one fifth, every working adult in the United States is one fifth, a quarter of a billion people protested in India, this is ridiculous. Why India's farmers are protesting for nearly two weeks, 10,000, 10,000 Indian farmers have camped that on New Delhi to protest a set of new farm bill passed by country's parliament, country's parliament in September thousands more from the neighboring states of Harayana, Punjab and Uttar Paradesh.

Starting point is 01:44:57 Look to set to join in coming days even as police tried to block them from entering the city. These protests are not isolated movement on November 26 and estimated 250 million citizens participated in 24-hour general strike held to challenge the new laws 24-hour on November 26. This, the magnitude of the protest should not be a surprise. Agriculture employs about half of Indian workforce,

Starting point is 01:45:20 although it accounts for only one sixth of India's GDP. Some of India's farmers are among the country's poorest people but government policies have long protected them from the ravages of open market prices they cannot enter contracts with private companies are practiced known in india's contract farming and sell those but some of them are hoarding anyways there's a lot of stuff going on there obviously india's millions of farmers are clearly angry angry they believe the new rules will open them to exploitation by giant companies. And as Barakta doot writes in Washington Post,

Starting point is 01:45:50 there's broad national sympathy for the protest. The moral force of the Indian farmer cannot be underestimated. She argues describing scenes of the elderly protest, spreading blankets under the wheels of their trucks to sleep in the cold winter. There is subliminal collective guilt at the site of farmers.

Starting point is 01:46:05 Thoughts. Man, my heart goes out to them. I mean, these people are making on average $140 a month. And you're thinking to yourself, you're in America, well, you know, these are Indian farmers. How does this affect us? Well, if you peel it back a little bit, that's 68% of the world's spices that they produce in India. It's 40% of the cotton produced in the world.

Starting point is 01:46:22 Bosnody Rice comes from India. They're the largest milk producer in the world. And they're the second biggest producer in fruits and vegetables. So it's unbelievable. Now, weren't we supposed to like that? What you're saying, that's very powerful. The world is affected by it. Totally.

Starting point is 01:46:36 The world should be paying attention to this. Yeah. I mean, this effect is clothing, you know, in so many different things. And we were all led to believe that this new prime minister of India was supposed to be this progressive guy. You know, he's the one behind it. Yeah. He's the one behind it. But now he's trying to sell it like this is going to be more opportunity. But what these individual farmers are worried about is is, you know, the big, big factory farms are going to come over and take over everything. And you know what? Here's the other thing too.

Starting point is 01:46:59 And if you really want to get conspiratory here, Could you weave China into this? I mean, China is it a possibility that they have something to do with this too, to get this protest going during COVID? So maybe lead to more deaths in India. I mean, during these protests, people are gonna be close together. I don't know, but this is a big problem and I hope they get it solved.

Starting point is 01:47:21 250 million people protesting. 24 hours, how long did they protest? 24 hours, November 26th. How many stores were looted? God knows. I don't know. Right, I don't know. Hopefully they, but I don't know much

Starting point is 01:47:36 about the Indian farming economy whatsoever. So this is where I'm gonna pass the ball back to Tom. He did his research, but 250 million people, that is absurd. I mean, there's how many billion, I mean, at one point something billion people in the living India. Are they gonna,

Starting point is 01:47:52 are they more than China or they're passing China? No, let's not yet. But they're gonna pass China, I don't know, 20, 15. So who's that making babies, but tell? What's the population, India for China? China's got a 300 million lead. It's more just looking population in general.

Starting point is 01:48:04 China's got a 300 million lead, I in general China's got a 300 million lead. I believe India is 1.35 billion oh, they're about to pass up China. They're about to pass China by when I mean at this pace It's not far off Well, go ahead make your point now. There's no point here It's just there's damn that shitload of people in India and I clearly this is affecting India This is affecting the world 200 and and that's like every single person an adult in America process that it one day. In the last 20 years,

Starting point is 01:48:30 farmers have been affected by the regulations for a long time. This isn't a new thing. This has been going on for decades. It's nothing new. But in the last, maybe this is not a bad video for us to make similar to US China trade war, to make this video. I think it's actually a very good idea to make the video.

Starting point is 01:48:43 I think we'll get a lot of people to ask. In the last, yeah, no have I've been to India, you know, we had a great time within the audience, you know, we we loved the Indian folks. And they're very hard working people and I kind of like the capulsims helped them out a lot. They're coming up aggressively. They went from being a non-issue GDP-wise. I think they're in the top seven right now and climbing aggressively. And I think they can still, they can compete for the top three spot in no time. GDP, GDP, no question about it. So between US, China, India, let me put it to this way. Some of the best engineers

Starting point is 01:49:17 in America are Indian. IIT, IIT produce, of course we do. They're geniuses. IIT produces some of the best engineers in the world. There's a study that was done where they went to do market research. They went on the MIT campus, and then they went on the IIT campus to see who produces better engineers. And they gave them some basic tests.

Starting point is 01:49:37 Here's a wire, here's a battery, here's this, make this light turn on. The MIT people, they don't know how to do it. The IIT is like, what do you mean? This is elementary. This is nothing to us. And here know how to do it. The IIT is like, what do you mean? This is elementary. This is nothing to us. And here's kind of the term. So IIT produces ridiculous engineers.

Starting point is 01:49:49 So India's going to be competing in the last 20 years. Do you know how many farmers, people who own farms, do you know how many of them have committed suicide in the last 20 years? In America or India? In India. How many have committed suicide specifically in the farming industry?

Starting point is 01:50:04 What do you think the numbers on the last 20,000? 300,000 of them have committed suicide. The last 20 years. When they're only making $140 a month. How are you going to take care of your family? This is a, and by the way, you know, farmers, it's not like a sexy thing you do. You're like, what are we? I'm a farmer. Oh my gosh, she's a farmer. You know, you know, nobody sits there and says,

Starting point is 01:50:23 said, when somebody says, I'm going to military what he said Oh my gosh, he's a farmer. You know, you know, nobody sits there and says, said, when somebody says, I'm an emilitar, what do you say? You know, he's, thank you for your service, bro. It's all good, right? When a war happens, you kind of like these soldiers to go to war. When you're getting arrested, somebody's breaking into your house. You kind of like cops. When all of a sudden the cost for what's your buying sky rockets, you're looking around getting pissed off at people and you realize what happened over here. Well, regulation, farmers, you're hurting them. The big corporate, remember when we did that one conversation with Shat Solomon, the owner of that rancher, he was talking about meat and what's going on with meat prices in America where handful of companies are really

Starting point is 01:50:59 controlling everything and it's forcing meat prices to go up and you now don't know whether your meat is from America or not because they don't want to put it on there. So it doesn't say made in USA. You don't know if you're meat your buying is from China or not. Go ahead. Even when it's made from made in, says made in USA, it could just be packed in the US. It's packed in US, but it's made somewhere else. So they're pushing for the farmers in US want to push to say that this meat is made in USA.

Starting point is 01:51:25 The big companies are saying, no, we don't care if it is or not. We just will say we'll pack it in USA, but we sell it at a price. And then I asked the question, I said, how many people actually care about the fact that do you know where your meat is produced? And people said, it matters to me. One's the last time you checked. And I was like, I never checked. That's the point.

Starting point is 01:51:41 So then you start looking at ranchers and saying, huh, these ranchers are more important. I never thought about ranchers. I didn't, what is a ranchers they look like? What did they do? Listen, ranchers, farmers, these people, what they do is very, very important. And it's very sad what's going on to India. I hope I would encourage them to not stop voicing their opinions and where they're at. And hopefully eventually someone's going to turn out, got ugly a little bit, you know, you had the government got in. You're talking about guns and, you know, got very ugly. If you've seen some of the rights, that's not looking good.

Starting point is 01:52:14 Right. You think of them as maybe a little bit more reserved or docile as far as their character and whatnot, but the passion you see in these photos with these protesters, man, this is everything to them. You could just tell, you know, they're not going to go away. This is going to be a battle for that government to try to win. Well, something that resonated with me when you were... I make a note of it for a video. I think that's definitely a video. Given your impassioned point right there was we've learned the term,

Starting point is 01:52:36 and I went on the terms that we talked about when it came to work, you know, obviously a hybrid, work model, virtual decentralized, but one of the terms that we've come to learn is essential worker. Yeah. Farmer is an essential worker. It's not the sexiest job. Unless you're going there. I think there's a website called Farmer's Only. I don't know how I know about that, but Farmer's Only. But check out OnlyFans, Farmer's Only, but these are essential workers. That is good. Okay. That is good. Hey, by the way, when you know about Farmer's Only,

Starting point is 01:53:01 I've heard about it. Yes, of course. of course, of course, I know of farmers. What do they behooves us as a country to become aligned with India as much as we can is big as they becoming with the, I think so. I think so too. Because democracy, the largest share of common enemy and they have a strong back bone towards China than US. How many apps have they banned from China? 170 apps or something like that. I kind of like if we're going to, if we're going to go against China, you know, towards China than the US. How many apps have they banned from China? 170. 150 apps or something like that?

Starting point is 01:53:25 I kind of like it. If we're gonna go against China, you know. Yeah. No, I good to have India on our side. Look, listen, this podcast, the attendance keeps getting bigger and bigger. I wish we had more time with you because we got so many different topics.

Starting point is 01:53:36 A quick shout out to Mark Cuban. We take a lot of shots at Mark regularly. I do want to give a shout out to Mark Cuban. One of the things about Mark is, you got to give props to him being a ridiculous owner. Like seriously, the guy is a phenomenal owner to play for. This guy ends up signing a given JJ Buria 2.6 million. I don't know the exact number. Two point two. He gives him two point. What's the number? Carried minimum. He gives him a 2.2 million dollar last week after he gives them $2.6 million, they release them.

Starting point is 01:54:07 So here's 2.6 million, then I release you. Respect. Look, thank you for what you did for this for this for this 11 years. He was a scrappy player. It was a scrappy player. Plus, it was Mary Kills. And he, you know, that's what I read. Oh, yeah, he's very cool.

Starting point is 01:54:19 Yeah. I pulled out one up. Very cool. I've got a funny J.J. Burr-E. Actually, here we go. So, you know, a lot of the, a lot of the NBA players party in Miami. They, they, they, they, you know, winter and South Beach. And, you know, one of my best runs is Chris Humphrey's played in the NBA

Starting point is 01:54:35 for, you know, 15 years, recognizable guys, six nine, married Kim Kardashian, the whole story. He called you the other day. He was with his current girl. Face time. Face time. Yeah. With his girl, his lunch. When we were building Lego, I'd like to take that weekend back in my life. But we didn't break the record. I bet Chris was impressed when you said you were playing with him.

Starting point is 01:54:55 He's like, Oh, I'm out here. It's sound be tray up, bro. I'm like, I'm here with my friends playing Lego. I feel like a world's largest. It's like cool. Catch you later, buddy. I'm going to go back to doing my thing. But so this is like the height of the whole thing.

Starting point is 01:55:08 This is in like 2013, 2014, you know, Maverick's beat, the heat and the finals and Chris was on the Mavericks, whatever, whatever, whatever. And people came up to Chris. He was on the title team. He was on the title team. This is a couple years after that. But point is he was at the height of his fame, recognizable.

Starting point is 01:55:24 And these kids came up. And they're like, hey, Chris, could we get your autograph? We have a basketball, get your autograph. And I'm like, you know, like, he's giving the autograph. And they're like, you're not gonna get his autograph. They're like, who are you? I'm like, I'm JJ Berea, man. What are you talking about?

Starting point is 01:55:38 Like, you're JJ Berea. Let me sign that ball for you, but it's just a kid out there that's got a Chris Humphries. And JJ Bereay I signed basketball But it was the soy boy mafia. We did it again. Yeah, oh my god. I was so quick thinking. No. Yeah, so I mean I didn't think I was gonna say I was LeBron. I went with JJ Baray. Okay, so we shot out to Cuban. Yes Good for him for doing what he did with JJ Baray The question is if he gets released and comes back and signs another team and hits a big shot against the maps and the playoffs. That's a big factor.

Starting point is 01:56:07 Yeah. But look, again, I respect owners that take care of their players. You got to give a shout out to somebody that takes care of his players. Having said that gang, if you enjoyed today's podcast, push that subscribe button. We're trying to get this thing to 100,000 subs to make it something that we'll do more often. I think once we crack 100,000 subs, we'll probably consider going three or four times a week, but until then, you know, we're probably going to be once or twice a week. Once again, to a hundred thousand subs, we will probably put more time into this podcast because we're having a lot of fun with it. And we think a lot of good comes out of this. Having said that, thank you for being with

Starting point is 01:56:38 us the last two hours. Have a great next 48 hours because we'll do it again on Thursday. There's take next week off. So we'll see you guys next 48 hours. Take care everybody. Bye bye. Bye bye. Bye. Bye. Bye. Great next 48 hours because we'll do it again on Thursday. There's the next week off. So we'll see you guys next 48 hours. Take care everybody. Bye bye, bye, bye, bye.

PBD Podcast - Bet-David? Thats a Jewish Name | PBD Podcast | EP 32

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.