PBD Podcast - Kyle Kulinski | PBD Podcast | Ep. 219

Episode Date: December 29, 2022

In this episode, Patrick Bet-David is joined by Kyle Kulinski and Adam Sosnick to discuss immigration, the Hilton Hotel fortune and generational wealth, government spending and much more... TOPICS W...hy Do people move to the US?  Should Paris Hilton Inherit $2.2 billion?  Why you should increase your market value  Patrick Bet-David on government spending Trump vs DeSantis FaceTime or Ask Patrick any questions on https://minnect.com/ Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ PBD Podcast Episode 219. In this episode, Patrick Bet-David is joined by Kyle Kulinski and Adam Sosnick.   Subscribe to Kyle Kulinski's YouTube channel "Secular Talk": https://bit.ly/3vkG3cb Subscribe to "Secular Talk" on Patreon: https://bit.ly/3C6DqyC Subscribe to Krystal, Kyle & Friends Substack: https://bit.ly/3YYeSlo Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
Discussion (0)
Starting point is 00:00:00 Did you ever think you would make it? I feel I'm supposed to take sweet this theory. I know this life meant for me. Yeah, why would you plan on galiah, when we got bett David? Value payment, giving values, contagious this world, I want yourpreneurs,
Starting point is 00:00:17 we can't no value that hate it. I didn't run home, you look what I've become. I'm the entrepreneur. Get the purpose of this podcast to figure out what movie I'm going to be. I mean, it's a big game that produce Alexander the one. Get the purpose of this podcast to figure out what movie. I mean, it's a big game that produced Alexander the Great. I just think somebody else should do the Alexander movie.
Starting point is 00:00:31 I would not mind seeing, anyway, it's folks, you just kind of walked into this podcast, we're talking about Alexander. And we do have an Alexander type of a guy for the progressive side today in the house, Kyle Kulinsky in the house. Thank you. Very happy to have you.
Starting point is 00:00:44 Everybody's been saying, Pat, why don't you get Kyle on? You got to get Kyle on. You guys got to talk about different issues. I said, let's get him on and I'm glad you made it out, man. My pleasure. I'm very happy to be here in Miami.
Starting point is 00:00:54 Yeah, and it's good that you're turning it into vacation. Oh, yeah. I wasn't going to escape the cold of the Northeast for like a day or two. I wanted to really soak it in. Yeah, well, I try to go the other way, Ron. We just got back from Aspen yesterday. And I gotta take us what happened real quick.
Starting point is 00:01:08 So on the way back from Aspen, we're getting to the plane. Well, no flights are leaving. Okay, great. Pilot, you know, my guy Joe says, hey, you gotta go 90 minutes out. I got 13 people with me and you gotta go to a city called Rifle. I've never heard of Rifle.
Starting point is 00:01:22 So we go to Rifle to this this airport and we're at the airport, we get to the plane. Plains not working. Okay. So we stayed last night at not the holiday and at the comfort end. Rifle in. We stayed at rifle Colorado yesterday at, that had to come for it. And so what we did is this was appropriate for you. It's not appropriate. I mean, kids out to watch Avatar because I wanted to see the reaction for the last 30 minutes of the movie, which was fan. I don't know if you've seen Avatar two or not. I've seen the original out the second. I think it's really cool to watch. If you got kids, there's a message to the last 45 minutes. That's about how kids become the leaders of the family. It's a very emotional moment where I'm watching my kids to see how they react to it and
Starting point is 00:02:07 the Dylan at the end. I'm like, so tell me what you think is that. I got the chills. Like tell me why is it because it's kind of weird. It's a great movie for family. We watched Avatar. We got on the plane. We came out here.
Starting point is 00:02:17 I'm glad you were able to change your schedule because I know yesterday was a day for us to do this podcast. Yeah. Our guys contacted you. Go ahead. I relate to your struggles at the airport because we and we're one of the lucky ones, but we had a two hour delay on the tarmac. Got it.
Starting point is 00:02:30 Yeah. When we took off, we took off from DC and man, it was crazy. The captain would chime in every 30 minutes or so and say, yeah, we just spoke to air traffic control and they're going to touch base again with us in about 45 minutes and we'll see where we're at. Same. I know. And there's little kids on there playing stuff and you're looking at them and they're gonna touch base again with us in about 45 minutes and we'll see where we're at. We're saying. I know, and there's little kids on there, putting in stuff and you're looking at them, and they're in Nancy, and then I'm getting Nancy,
Starting point is 00:02:49 and it's like, we're not even there yet. It's like, you know, two hours and 45 minutes or more. It's crazy because when we went to the movies, you know, kids were making noise, screaming, and people are behind me are so pissed off, and 15 years ago I'm the guy that's like, how are you responsible? Why would you bring kids to the movies?
Starting point is 00:03:03 People are trying to watch a movie, and you're like, I don't have the moral authority anymore. I don't, because it's me apologizing, it's a list that I'm the guy that's like how are you responsible? Why would you bring kids to the movies? People are trying to watch a movie. I don't have the moral authority anymore. I don't because it's me apologizing. Listen, I'm so sorry. Hey guys, come on, keep it down. Anyways, regarding flights, I guess 66% of Southwest Airlines flights canceled. At what point do you recognize the weather? Like we've all seen this movie before.
Starting point is 00:03:21 Blizzard coming in, flights are going to be delayed as you're on your way to the airport, right? Right. At what point you just call an audible and just say, honey, you know, we're not going to go see grandma this week or we're not going to go see like, we'll deal with this next week. I just feel like you're driving ahead first into the storm with these flights and you're like, fuck it, we're going for it. See, but with Southwest, it just wasn't the weather. There are other things too. There were other things for itself.
Starting point is 00:03:44 Very, very antiquated system in terms of how they make their schedule. I'll just read about this the other day. And I mean, yeah, they're just getting away with crimes here, you know, that they need to crack down on them and let them know. You guys can't do this. There's got to be some penalty for this because a lot of, I mean, I'm sure you guys have read this too. There are situations where they book flights. And there is no pilot at all. And then people show up and they're like, oh, we don't even have a plane for you. That is very. And that's right. They overbook flights as well. And this stuff can't be allowed. Rob, what do you got here more than 90% of Wednesday's US flight cancellations were so holy moly. So it's not like it is all across the border with
Starting point is 00:04:18 singular to Southwest. Right. According to flight tracking website, fight aware Southwest canceled more than 2500 hundred flights the next highest Sky west with 70 this is not a good look good look for Southwest Southwest typically gets it right Right, right? Southwest warned that it would continue canceling flights until could get operations back on track the company CEO Said that this has been the biggest disruption. He's seen in his career development administration is investigating it Okay, we're not gonna do anything. They're not going to do anything. I guarantee, but who's, who's the head of transportation right now?
Starting point is 00:04:47 Isn't that Pete Buttigieg? Pete Buttigieg. Yeah. You don't think he'll do anything about it? You think he's more executive platinum with American Airlines than Southwest? What, what he's doing is he's just biting time before he runs for president again. That's all he's doing. Did you like him when he ran?
Starting point is 00:05:01 Were you somebody? Did I like Pete? Yeah. Absolutely not. So you, you, you were not a fan of his at all what you know for a lot of people though not me tell me why though tell me why well i mean look the problem with with pete is that he's a a young face on a representative of the old guard in the democratic party so he represents the hillary clinton wing the joe biden wing and obviously somebody like me i'm more from the bernie sanders wing of
Starting point is 00:05:23 the party so we look at him and we see politics as usual. We see nothing changing. We see the status quo. But what part, what part do you not like about the Hillary Clinton about the Joe Biden wing? What part do you not like? So a number of things. First of all,
Starting point is 00:05:35 Bob, would you put Obama in that camp as well? Obama, yes, I would say he's like 75% in that camp. I mean, I could list some things that he did that I like, but mostly he's in that camp. I mean, look, their economic policy is, what I would call neoliberal corporatism, which is again, a continuation of the status quo. Farm policy wise, he's hawkish,
Starting point is 00:05:53 which again, falls right in line with Hillary Clinton. She brought us Libya. She helped get us the Iraq war. Joe Biden, of course, I'll get us the Iraq war as well. So when I look at him, I just see no change. I see a continuation of the status quo. To you, by the way, what was most frustrating to me, I like a good fight.
Starting point is 00:06:09 Right. I mean, I don't know about you, but I like a good fight. Like I like seeing yesterday, Luca 60 points, 21 rebounds, tennises, first player ever to do it through. I don't know if you follow basketball or not. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do. I do scored 60 points? Did I scored 60? I'm tired. I mean, just something that you've never seen. If I like a good fight, it was over time.
Starting point is 00:06:29 I like a, you know, Joe Burr against, you know, Tom Brady or even the World Cup sick, a good fight. Yeah, that was great. It was so annoying when the announcement came about. Well, you know, Elizabeth Warren, Pete Buttigieg, everybody... burning sanders is dropping out and they're all supporting joe biden i wanted to see you have no cloud that i wanted to see trump against uh... burning burning oh that would have been in sync i actually think they have some things that they agree on which would have been interesting uh... because i don't think they both like
Starting point is 00:07:00 the swamp i think both of them are against the swamp and it would also this is the second time they did it. Hillary did that. And now Biden did it, which is quite frustrating to see that happening. When you see that two times, and that's your guy, how do you feel about it? How do I feel about Bernie getting stabbed and out?
Starting point is 00:07:14 I've asked it, yeah. Yeah, no, I mean, look, it just, it tells you that there are very powerful forces behind the scenes at the top of the Democratic Party that would pull out all the stops in order to prevent somebody Who would break the mold from taking power? Bernie I think is more in the mold of an FDR an FDR very famously took on powerful interests and
Starting point is 00:07:35 What happened is in the 1990s Bill Clinton came in and he was this new deal Democrat is what they call it Excuse me not new deal Democrat new Democrat which just means New Deal Democrat is what they call, or excuse me, not New Deal Democrat, New Democrat, which just means they had the DLC Democratic Leadership Council. They decided, instead of us taking union money, teacher money, we're also going to start taking the same corporate money that the Republicans are taking. And so they decided, hey, look, I'm not on the left, I'm not on the right, I'm kind of in the middle and I'm above the fray and I'm in enlightened centrist. And what they did is made it to the Democratic Party
Starting point is 00:08:05 was no longer a party of working people. And Bernie Sanders was trying to bring it back to a party of the working people and they would not let that happen. Because they have all the money. Bernie Sanders, he famously, his campaign was built on small dollar donations. And that can get you a long way,
Starting point is 00:08:21 but when there's more money on the other side and they're way more organized and to your point, that is the organization that you just discussed when you had, you know, what was it, Mayor Pete Beto-O-Rorkey, all these people drop out on the exact same day, right before a big election and endorsed Joe Biden. It's so weird. If they didn't do that, it's not like Joe was doing great. It's not like Joe was doing great.
Starting point is 00:08:37 He wasn't. He got destroyed in Iowa. He got destroyed in New Hampshire. And look, if they didn't do that, Bernie Sanders would have won because. So that was the biggest fear. The biggest fear was, what if Bernie takes over and some of these ideas, some of these guys get some momentum? and look if they didn't do that, Bernie Sanders would have won. Because- So that was the biggest fear. The biggest fear was, what if Bernie takes over in some of these ideas, some of these guys get some momentum?
Starting point is 00:08:49 Correct. Yeah. And also I think Bernie, if Bernie was president, I think he would have put Obama's record to shame. And so Obama also has a vested interest in- In what way? In what way? Obama has a vested interest in not allowing Bernie Sanders
Starting point is 00:09:00 to become president because if Bernie gets in there, Bernie does, let's say, universal healthcare. Well, that puts Obamacare to shame, because Obamacare is this, you know, terrible half measure, which keeps the four profit health insurance companies in control. And so, yeah, I mean, he was screwed.
Starting point is 00:09:13 He was, yeah. For the audience that doesn't know, you're real quick, but I mean, obviously, you've done very well. You have a YouTube channel that's done well. I think you got a billion views on YouTube. You were with Jenk from 13 to 21. And then you got your own thing that you're doing
Starting point is 00:09:26 and you've been around. You know, we just, you just told us who you're engaged is it public and we thought. Yeah, yeah, yeah, everybody knows Crystal Ball. Crystal Ball from the hill. She's a rock star. You know, her show, everybody was following her and her apartment.
Starting point is 00:09:40 Yeah, they were doing a great job. But so you're, that's your background, that's what you believe in. So if you were to kind of say, well, these are the issues that I support, this is who I am, what would those things be? Yeah, I mean, it's very simple. I would just describe it as social democracy. So anybody can go to the Wikipedia page
Starting point is 00:09:56 for social democracy and read through it. And that's basically what my beliefs are. So I believe in meritocracy, might be surprised to hear that, right? But I want the floor to be a reasonable floor. So I want people to have the basics met and then from that, then you achieve the most that you can. So in other words, we're running a hundred yard dash.
Starting point is 00:10:14 I want everybody starting at the zero yard line. I don't want somebody at the negative 40 yard line and then Mitt Romney's son at the 85 yard line. I want to have a fair race. I want a real meritocracy. So that means I want everybody to have health care. I want everybody to have education. I want everybody to have a fair race. I want a real meritocracy. So that means I want everybody to have health care. I want everybody to have education. I want everybody to have the option potentially
Starting point is 00:10:28 of going to say trade school. I want a living wage for people. So if they work a full-time job, they make enough money to survive. It's very basic stuff that I'm talking about here. I'm talking about what I think the best countries in the world at this point have already achieved. If you look at the Scandinavian countries,
Starting point is 00:10:41 a lot of those countries, they provide the basics for people, but then they also rank high, and I think you guys will appreciate this, economic freedom. So a lot of these countries score higher on like free market principles than our country does. So they cut all the red tape that you can cut when it comes to business, but they also have the basics met for everybody.
Starting point is 00:11:00 That's all I want. I just want everybody to get out what you put in, because certainly in the system we have right now, I think people feel like they're getting a raw deal because they are. What do you think was common, Adam, I know you wanted to ask a question. What do you think, what commonalities did you see between Trump and Bernie? When you looked at the two, what did you say? Okay, obviously they don't agree here, they don't agree here, they don't, but there is a lot of similarity here.
Starting point is 00:11:23 What were some similarities between the two? That's a great question. i would say the similarities are an affectation and posture so um... trump came in in twenty sixteen as an anti establishment firebrand on the right and i would say that a lot of his rhetoric back then was very populist he would he said in the sixty minutes interview you know i'm gonna give everybody health care and they're like who's gonna pay for the goes out of the government's gonna pay for it is not something you'd hear mott romney or any other Republican say.
Starting point is 00:11:46 He also said, hey, I'm self-financing my campaign. Now the details of that are not exactly correct, but still the posture was there. Very famously in a debate, he pointed at Jeb Bush and everybody else on stage and said, you hear those people clap in the audience? That's his donors. I don't have any donors in the audience. And this is what the people like. It was sick.
Starting point is 00:12:02 It was sick when he called out the Iraq war to Jeb Bush's face in the middle of a Republican debate in a military state. I think it was North Carolina. And the audience clapped. And it was at that moment. I think it was actually Ben Shapiro who made this point. It was 100% correct. He sat on Twitter, oh, this thing's over.
Starting point is 00:12:18 And this was early in the race. If you can get a military crowd in North Carolina full of Republicans to cheer against the Iraq war, it's over. And so I think that the anti-establishment fire brand get a military crowd in North Carolina full of Republicans to cheer against the Iraq war. It's over. And so I think that the anti-establishment fire brand is what Trump brought to the table and Bernie brought the same thing on the left. So I think the 2016 iteration of Trump was populist right and Bernie I think has always been
Starting point is 00:12:37 kind of populist left. And they tapped into a real anger. Now of course I think their solutions are very different and I don't agree with Trump's solution. And I think he governed more or less as kind of a standard establishment Republican in many ways, but in terms of how he presented to the country, it was very clear that he was taking this populist right
Starting point is 00:12:54 anti-establishment link. This certain populist always kind of bewilders me. It's like populism. So I kind of want to break down what it actually means to be populist. You're basically saying Trump was the populist right in many fashions for Trump was a populist right in many Fashions for sure Biden populist left
Starting point is 00:13:08 By definition what populist just your popular you're saying things that the majority of people want to hear But obviously Bernie what he stands for is wildly different than what Trump stands for So I guess my question is how can they both be populist? What's the overlap right there? I'm sure a lot of people who supported Trump would have actually voted for Bernie because they kind of want to just burn down the establishment. Break down kind of what you think populism is today. Well, I would say it's just hatred of the establishment
Starting point is 00:13:36 and you saw that among Trump voters, you saw that among Bernie voters. The literal definition would be something more along the lines of, you know, doing the will of the people, which is true, but I think that the connecting tissue is that like anger at the system, whereas you look at somebody like Hillary Clinton and it was like support of the system,
Starting point is 00:13:51 prop up the system, explain why I think the system is good. You look at somebody like Joe Biden, same thing, you look at somebody like Mitt Romney on the right or, you know, the other Jeb Bush, these people are, hey, we got a good thing going on here, the institutions are kind of working, so let's not fiddle with it too much. That's their argument, whereas the Trumps and the Bernie's are like, this fucking thing
Starting point is 00:14:06 is broken, and that's why you guys are angry. And so I'm going to help you change that. So regarding the system, you know, this thing's broken, this thing's broken. I think we've seen over the last couple of years since COVID, like, the overreach of the quote unquote system, and Trump famously made the swamp so famous, right? But one could argue, maybe the system is kind of what got us here, these world alliances, trade agreements, NATO, you know, you can kind of argue
Starting point is 00:14:29 the pros and cons of this. But for America, the system hasn't been all bad, has it? I mean, it's, you don't wanna tear everything down, tear down democracy, everything we've worked for because there's some bad things going on. No doubt there's something we can improve. So this whole like anti-system thing. Yeah.
Starting point is 00:14:46 What's the validity with that? So there's a vibrant debate that's always been going on on the left and it's reform versus revolution. And the real hardcore types will tell you, no, I believe in revolution. I'm an opponent of revolution, literal revolution for the simple reason that you don't know what the fuck is gonna come after that.
Starting point is 00:15:03 And you don't know how violent it's gonna be. There could be dead bodies in the streets, is that's something we really want? So what I believe in is basically the strongest kind of reform possible. I believe in kind of a page one rewrite of how we do it to try to get it right and make it better. So I hope that answers your question.
Starting point is 00:15:20 So let me ask this. Sure. So sell me the dream on your ideas. I'm a 22 year old, okay. I just got out of college. I'm not even that. I'm in college, I'm taking an economics class and they have a speaker, one hour coming in, and you're selling me on the idea of socialism, okay,
Starting point is 00:15:38 to say, okay, I mean, social democracy, okay. It is different, it's very different. Yeah, I'd like to know the difference between the two, but so many to dream on, hey, Patrick, you're 22 years old. I'm a regular guy, you know, my parents divorced. I don't have a lot of money. My dad's a cashier at a 99 cents store. I came from Iran, I lived at a refugee camp.
Starting point is 00:15:57 I'm a regular guy. There's nothing about me that I'm coming with family money. Any of this stuff, so many to dream. Hey, Patrick, you are a one day, dot, dot, dot, some me, dead, what does that look like? Well, I mean, I think you should do whatever it is that you wanna do, and I think you should be able to have a shot to do that fairly.
Starting point is 00:16:15 So in other words, I don't think you should go bankrupt if you get medical bills. I don't think you should have student loan debt, that's so extensive that you can't ever pay it back. And by the way, you also can't file for bankruptcy on it because that's the way that they wrote the laws. I don't think people should be loaded up to the brim with credit card debt.
Starting point is 00:16:34 Credit card debt is at a record high right now. I just read a stat the other day, 63% of Americans are living paycheck to paycheck. So really, to sell you on the dream, I would honestly just point at some of the Scandinavian countries and say, look, they haven't eliminated capitalism. What they've done is they've harnessed the good parts of capitalism and mixed it in with the good parts of socialism so that they have you know, an intelligent hybrid where somebody who's 22 years old just getting out of college
Starting point is 00:17:00 can have a chance to do whatever they want and make it. So okay, so I rebuttal because let's just say there's a classmate sitting there and his dad's an executive at IBM, hypathetic, and he's doing $600,000, he lives in a nice community. He says, Kyle, you know, if my dad's told me, if these Scandinavian countries are so great, how come you're not moving there and why is it that 40 million immigrants choose to come to America and why don't they choose to go to some of these countries? What do you tell that 22 year old smart alley? Well, why I'm not going there is because it's fucking cold I'm in Miami. I'm enjoying being Miami right now
Starting point is 00:17:34 So if it was warm you would go is what you're saying no because I love my country I love America whenever I criticize America It's coming from a place of like I want to try to improve it and make it better I don't think everything about this country is bad or wrong, but I think that there are things we can do to improve it. And, you know, there's a very famous quote from one of the founding fathers, dissent is the highest form of patriotism.
Starting point is 00:17:54 In the same way that if, you know, God forbid, you know, we saw one of our kids but behind a dumpster, smoking crack, behind an Arby's, we'd be like, you know what? We're gonna try to get them some help. We're gonna try to get you in rehab. We're gonna try to get you in rehab. We're gonna work on this. We're gonna fix this.
Starting point is 00:18:07 It's that same mindset that you apply to the country. It's, you know, when you look at some of the things going on in this country, you say, this can't continue. I mean, we have 45,000 Americans that die every year because they don't have access to basic healthcare. That's something we can fix. And there's a lot of work put into convincing people
Starting point is 00:18:24 that it's just a law of nature and there's nothing we can do about it No, there's a lot we can do about it. Okay, so let's stand on that. Let's stand hang on. Sure I want to stand on this so I want to go to the 22 year old and selling the dream to this kid so going back to it You know, I don't know who we had here on the podcast, but Somebody recommends a restaurant to you. How do you and I judge a restaurant at noon? Like let's say you know what? I've never been to rifle before. Let's go there to eat for lunch. How do you and I judge a restaurant at noon? Like, let's say, you know what, I've never been to rifle before. Let's go there to eat for lunch. How do you and I judge a great restaurant?
Starting point is 00:18:49 How the food tastes, how the atmosphere is. And then, okay, so the atmosphere meaning what? If the place is packed at noon and there's a hundred people there and 20 people waiting to get inside, they're doing something right, okay? If you and I go to a restaurant at night and you're like, there's a restaurant in LA, Raffis Place,
Starting point is 00:19:06 I go there all the time. If you go there on Mother's Day, it's a three hour wait. Okay, every day it's busy. It doesn't matter when you go. Right, right. If anybody says anything bad about the restaurant, like to say, well, you know, my thing is, I want to make this restaurant better
Starting point is 00:19:19 because I think this restaurant can do. If they put the chairs this way and it's not fair to the fact that the employees on the bus boys and that, and I'm like, yeah, dude, but it's a good restaurant. But it this way and it's not fair to fact that the employees on the bus boys and that I'm like yeah dude but but it's a good restaurant but it's always it's not it's not a good restaurant because you and I have an opinion that's a good restaurant it's a good restaurant because it's always flipping packed right so if America was and I know this is a random analogy I'm using but if America was a restaurant America is so packed
Starting point is 00:19:42 and it's got a waiting list that if it's so bad with the existing ideas that it has, why do so many people still want to come here and not anywhere else? Well, there's a very simple answer to that question, which is if you look at the places that a lot of these people are fleeing, they've been absolutely obliterated. They've been destroyed. So a lot of these countries have been ravaged by the drug war, whether it's, you know, I think in Honduras, I read a fact a couple years ago, in Honduras, there's more violence than there was in Iraq at the peak of the Iraq war. So it's not a pretty crazy place.
Starting point is 00:20:11 I'm gonna try to flee that. I don't know about you, I'm trying to flee that. I'm gonna try to take care of my kids. You know, Mexico's similar situation. You have these drug cartels, effectively, with help from our policy, we've made these narco states, you know, south of us.
Starting point is 00:20:26 And so you have these gangster states that are run by drug cartels, because what we've done is we've, of course, we did the war on drugs, we made it illegal, what happens when you make it illegal is it gets pushed underground to the black market. That's how you make the drug cartels more powerful. The same thing happened here with prohibition
Starting point is 00:20:42 when it came to the mafia. We made the mafia way more powerful because we decided to make alcohol illegal. That's when they got their most power and wealth. And so a similar thing happened with the drug war. What I would do is, number one, stop intervening in those countries militarily. And that's a long conversation we could have
Starting point is 00:20:56 about the history of the US intervening in that area. And number two, let's end the drug war. So in other words, just kind of take our boot off the neck of a lot of these countries and make it so that people want to stay there. Because honestly, I really believe this. I think a lot of the people who are coming here, if they felt like their home country was safe and clean and okay, then they wouldn't want to come here.
Starting point is 00:21:16 I think in many cases, it's a desperation type move. But it's not just Honduras or Mexico. It's like, okay, your half Italian and your half Polish. Is it Polish? Yeah, so my mom's mom is from Italy, basically. And on my dad's side, it's more of a, my last name, Kalinsky, is a Polish last name, but I think it's a little more confusing than that. You got a little bit of everything. Yeah, I got a little bit of everything. I mean, you take your Italian, right? You take Jews, you take anything else you take. If America is so bad that some people sell it as being so bad,
Starting point is 00:21:50 why do people keep coming here? What is, what is so, okay, when we were in Iran, we had options, people were going to Spain, some were going to Australia, some were going to this, only because they couldn't make it to America. But everybody's number one on the list was to come to America. You know, it wasn't like they wanted to go anywhere else.
Starting point is 00:22:09 Again, going back that, that is my biggest argument where if America is so bad, if capitalism is so bad and abusive, why do so many people who are actually leaving an abusive environment are willing to come to a place that offers capitalism where a person who has not got the last name of Mitt Romney, his last name is Bed David, my parents have been giving me a penny. Last time I got an allowance, I was 14 years old.
Starting point is 00:22:34 I'm not an allowance, I don't even know what allowance is. To be honest, I'm not even being sarcastic. I don't know what an allowance is, right? And so I come up here and I'm like, I don't give a shit if you give me allowance. I'm just happy to be here and I'm like, I don't give a shit if you give me allowance. I'm just happy to be here and I'm gonna bring my middle Eastern work ethic and I'm banking on,
Starting point is 00:22:49 some's gonna happen to me. I don't have the money to go to school. I don't have the grace to go to school. Maybe I'm gonna go in the military, can my act together? Be away from some of these guys that are doing drugs because a lot of my friends were ecstasy, pot, they were selling, they were don't like, I'm just gotta get away from this.
Starting point is 00:23:04 I go into the military and then I come out and I'm like, okay, I'm gonna learn how to, I was a bodybuilder, I'm gonna learn how to sell. This is my way out. So again, for me, it goes back to the same thing. If, if a, if a mayor, if socialism or social democracy is so amazing, why don't people go to those countries first before they come here? Well, so I would say number one, there actually, there is a refugee crisis in a lot of those countries. There are people kind of pouring into those countries. But number two, I think we're talking a little bit past each other because I wouldn't
Starting point is 00:23:34 say America is bad. Of course, I'm here. I love this country, right? The question is, I think it's just the wrong conversation to have. You're not a capitalism guy. You're not a social democracy. Harness is the best aspects of capitalism. So there is an element.
Starting point is 00:23:48 So maybe I'm packed with different security issues. So there's socialism, there's democratic socialism, and there's social democracy. Social democracy is a hybrid of capitalism and socialism. Where basically you take the best aspects of capitalism, the best aspects of socialism, and you have this mixed system, which in theory would yield the best results.
Starting point is 00:24:06 And the reason why I believe in that is because I think there's a tremendous amount of empirical evidence to those ends. So like, for example, they do this study every couple of years, this Commonwealth Fund study where they look into the healthcare systems of basically a lot of the developed countries, 11 of the developed countries.
Starting point is 00:24:21 And when they do that, we always write the US ranks 11th out of 11. So we're doing worst on that front so um... now when it comes to the issue of capitalism look i mean i can i can make the argument for you here when you look at for example the cars that came out of the soviet union they were bismar they were you know they were made by one government agency there was no uh... competition so you didn't get a better product at a lower price
Starting point is 00:24:44 and that's that's what I'm trying to avoid, which is why I believe in something like social democracy because you can still have, particularly when it comes to consumer goods, I think it's good to have competition. I think it's good to try to get the best price with the best product and compete. In fact, I believe in, and I'm curious
Starting point is 00:25:02 if you would agree with this, I think we really need to start doing antitrust action again. I think we should do anti-monopoly stuff again because when a business becomes a monopoly, what do you get? Higher prices, worse product. And so you need to break them up just like Teddy Roosevelt did to get it to the point where you have more competition. You can harness the best aspects of capitalism.
Starting point is 00:25:20 So when you talk about that, so I believe in that, while at the same time, I also believe in taking care of the basics. So in other words, they have like sectoral in that, while at the same time, I also believe in taking care of the basics. So in other words, they have like sectoral bargaining in a lot of the Scandinavian countries. That means you set wages, the union negotiates with management and you set wages kind of a cross in entire industry.
Starting point is 00:25:35 I think that's a good idea because it helps working people out more. I believe in like I said, universal healthcare, universal education, or trade school, you should have your choice. And I think they do that in Germany. They give you an option. You wanna go to trade school or you wanna go to college.
Starting point is 00:25:45 I just hate this notion that in this country, some people come out of college and they're $80,000 in debt and they're like, well, what the fuck do I do now? And I can't even pay this back. And then they gotta go take a job where they're way overqualified to even take that job. I think that's fucked up.
Starting point is 00:25:57 I just think there shouldn't be such a thing as medical debt or school debt. And I don't think these ideas are all that radical. I think most people would agree with this. Even people who would consider themselves capitalist. So let's go through the school debt, school to the school debt. So who caused that? Like meaning how did we get here? Because 40 years ago college wasn't that expensive. You know, if you look at the numbers of 40 years versus today, I think inflation CPI is 220% in the last 40 years. Since 1970 or 1980, it's, I think it's 1970. And then cost of college education has gone up 1200%.
Starting point is 00:26:32 CPI 220% inflation 1200%. How do we get to a point where college has become a business? It's no longer like what it once was started for. Yeah, well college was free or nearly free in California and then Ronald Reagan came in and took that away. So it really is a matter of priorities. I don't, I think this is something that honestly
Starting point is 00:26:54 should be fully nationalized. I think we should have a fully nationalized education system, trade school system. I think this is one of those areas where we've kind of experimented with the free market and the results have been disastrous in the same way that I think for profit health insurance companies are basically just a legalized mafia that's in between you and your doctor where they take their cut and they price gouge you.
Starting point is 00:27:14 That's not every industry that would fall into that category. I think there are many industries where capitalism and competition works out for the better for people. This is just not one of those industries and I think the evidence bears that out. So, okay, so, so, nationalized college, so I guess the question goes back to the following. If I got a billion dollars, and you have a choice between a given a billion dollars
Starting point is 00:27:37 to free enterprise, okay, let's give a billion dollars to Elon, let's give a billion dollars to Musk, I'm sorry, to Bezos, let's give a billion dollars to whoever that's in the free market. Take any of the top 200 guys that made it from zero to there. Okay? Give a billion dollars to them versus giving a billion dollars to the US government. Say, here, go see what you can do with a billion dollars. Who do you trust will do more with that billion dollars? Well, it depends on the topic, right? So I would give the money to the government when it comes to pharmaceuticals,
Starting point is 00:28:06 because a lot of people don't know this, but for the past two decades, there hasn't been a single drug that hasn't been developed with government grant money. So basically the government steps in, gives money to universities and says, hey, we need this new drug which does XY or Z, and then they create it.
Starting point is 00:28:18 And then you have the pharmaceutical companies swooping by up the patent rights and then sell it back to everybody at a profit, even though they didn't fund the research end development. So my answer would be, it's a complicated question, and it depends on the, you know, it depends what we're talking about. There are plenty of areas right, so yeah, I give that money to an entrepreneur.
Starting point is 00:28:36 No idea, be more specific, give me an idea. Like I'm actually, I'm actually really, you're a smart guy, you're a very well-read guy, you have strong opinions, And this is your world. I'm actually curious in it. So if I gave a billion dollars to public versus a private, in what areas do you think? So one was pharmaceutical fair.
Starting point is 00:28:53 What else would you think they would do good versus they would do bad? Like it's better to put it in a free enterprise. Well, I actually just gave the example before, I think with like cars. The government should have no business in cars. No business in. Yeah, of course, no business in, you know, I don't want the government with like cars. The government should have no business in cars. No business in. Yeah, of course, no business in,
Starting point is 00:29:07 I don't want the government building like furniture, some shit, that's something that's squarely for. Technology. For the private sector. Tech, I think, is a little more complicated because a lot of the products that we use today that we kind of take for granted like stuff like these phones,
Starting point is 00:29:19 a lot of that was originally developed with funding from NASA. So in some ways, the government actually does science and technology very well, but to your point, yeah, there's plenty of entrepreneurs and private investors who would probably do it just as well, if not better, on some topics. Yeah, that's the part that concerns me.
Starting point is 00:29:37 I think everything is incentive based, right? I agree, I agree with that. It's motive based incentive. And I think it's everything. Parenting, relationship, you know, when two dates and they're sitting there saying, well, what is the incentive of me working my ass off for you? You know, what's the incentive of me having kids and having my body go through the mess that's going to go through for you?
Starting point is 00:29:57 We may not publicly say it, but we're privately thinking about it as we're going through this process, right? So you said something else earlier with mid-rowny. Yeah, I want everybody to start at the same level when they this process, right? So you said something else earlier with mid-Ramney. I want everybody to start at the same level when they get started, right? Versus, it's not fair that mid-Ramney's kid, or mid-Ramney's a bad example. We can use anybody's kids.
Starting point is 00:30:12 Parasyl, Parasyl, that's a great example, actually, to say, you know, it's not fair who is she to all of a sudden, hey, I'm doing a documentary, people wanna watch me, look how cool I am, et cetera, et cetera. Okay, so what should it be? So let's just say I am, et cetera, et cetera. Okay, so what should it be? So let's just say I am the Hilton family, and we got $2.5 billion dollars in money. How much of that should end up going to Paris?
Starting point is 00:30:32 Well, that's a good question. I think that needs to be debated by the people and determined by the people, but if you're asking my personal opinion, I want to know you. Yeah, my personal opinion, I think I wouldn't go as far as some of the revolutionaries to say like she should literally start with nothing and inherit nothing. I think that's far too extreme. But I wouldn't lose a wink of sleep if she went from having $2.2 billion to, let's say, having $50 million.
Starting point is 00:30:57 I think Paris would be just fine with the $9.9. I honestly, I think if you, this exact example, I think is a good example where a lot of people would see where I'm coming from, where there's others where it might be a little more. I'll say what, give your argument, I gotta follow up today. No, I mean, because people, okay, because the way we think of the economy, we think of it, some people do, I should be clear,
Starting point is 00:31:17 as like it's a merit-based thing, it's a meritocracy. I don't buy that at all. I think your human value versus your market value are totally separate things. And we judge everything based on market value. So somebody like Paris Hilton, what has she contributed to the world? She's contributed nothing.
Starting point is 00:31:34 And we're gonna feel bad if she inherits $50 million. And that's just because people would look at it on paper and say, well, her dad had 2.2 billion or whatever the fuck. And it's like, I think she's gonna be okay with 50 million. I think the people that I'm concerned about are the people who are busting their ass and getting absolutely nowhere. People who work two or three full-time jobs
Starting point is 00:31:50 and they don't make enough money to survive. And I think one of the best groups that you can tax in a society is rich dead people to give everybody else a chance. They do tax rich dead people. It's called the estate tax. True, but it's like 0.001%, it's a very, very tiny number.
Starting point is 00:32:06 I think it kicks in, you could fact check me on this. I think it kicks in over 5 million or 11 million. 20 million is the number. Oh, now it's 20 million. It's been that what goes back and forth between different administrations, Bush pumped it up. But it's very hot. Yeah, but still you know what the tax, when you said 0.1%, that's not what they're paying
Starting point is 00:32:24 in tax. No, no, I know that%, that's not what they're paying in tax. No, no, oh, I know that. No, I'm saying it only applies to the top point. What percentage of people that were 20 million, but do you know what the estate tax actual amount is? Do you know the number? 50, 70 million. Exactly, like that.
Starting point is 00:32:36 So if you're worth $50 million, right, there's a 20% threshold, so that's tax exempt. And now you're paying that 30 additional, 30 million additional, you have to pay 50% to the government. The adept tax. Number one, you've already been taxed prior to receiving that money, so it's a double taxation which we can go on for days on how that works.
Starting point is 00:32:58 So you already paid the income tax, ordinary income tax, or whether it's capital gains, what have you. And now speaking of dead people, now you need to pay an additional 50% upon death. Well, would you say Paris Hilton earned it? That's my question. But that's some, I don't, Paris Hilton, she came up with the word, that's hot.
Starting point is 00:33:13 That went viral, good for her, awesome. But should the, regardless, Paris Hilton is the perfect poster child for someone who has just lucked out and got the money. Correct. And I say, we stay on this story. This is a good example. And that's fine. But should the Hilton family that created industries,
Starting point is 00:33:31 hotels, jobs, brands, everything, are you saying that they should be taxed at 99%? Forget about Paris or Nikki or whatever brother is sister who cares. With only reason we know their name is because she's famous and she's gonna have the ability to leverage her name to become famous and Kudos for her for that. But you're saying that the family should be taxed
Starting point is 00:33:54 because they've done so well. In this instance, I'm specifically talking about Paris and how much money I think she could get. And clearly I'm pulling this number out of my ass because you know, it's good to come up with a number on this spot because I don't know, I actually don't know how much money her family had, I don't know how much money she had.
Starting point is 00:34:08 We were, this isn't, I think the audience knows that we're just having a conversation. Yeah, no, I understand that. Yeah, so, but I think my point is, the fact that she's inheriting $50 million when her only contribution to society is that she's part of the Lucky Spurm Club. Like I don't feel bad for her.
Starting point is 00:34:23 And I don't think she's a victim. I don't think she's oppressed. I think if Paracelot and got $50 million, she wouldn't lose a wink of sleep, and we could actually, and there's the more important point, take the money that we're taxing, and under a system that I'm in control of if I was God Emperor King, right? What I would do is I would take that money
Starting point is 00:34:37 and put it towards things that actually, how people now move with that move. Let me come to a point of agreement. Let me come to a point of agreement with you though. I would agree with you if you say, hey, let's do this tax on Paris right now. I would say, well, I need to see where that money's actually gonna go.
Starting point is 00:34:52 What are we gonna allocate that money to? Because if you say I'm gonna take that money, then I'm gonna turn around and use it to bomb Afghanistan and to smithereens and I say, you know what, we're right, we probably shouldn't do that plan because I don't want that money going to bomb poor innocent kids. But if you tell me we're gonna take that money and put it towards whatever,
Starting point is 00:35:05 fill in the blank, a UBI program, healthcare, then I'd say, yeah, that makes sense. So then the challenge with that becomes, you're going back to ESG. It's a form of ESG to control where my money goes to, and somebody may say, who the hell are you to decide where my money should go to? But this is a different follow up question I got for you.
Starting point is 00:35:21 The follow question I got for you is the following. You have three kids. You can't do kids. I'll come stepfather. Are you planning on having more kids yourself? We don't know. Let's just say you do or you don't. We have three kids.
Starting point is 00:35:33 Okay. What percentage of what you know are you willing to share with your kids? What percentage of my knowledge? Yeah, your knowledge, your life experience. I'd share it all with them if I could. That's fair that we should tax it. Knowledge is not the same as well.
Starting point is 00:35:46 But it is though. I wouldn't say that. Let me explain to you why it is. I mean, are you kidding me? Like, if I was a kid and I was every night, I come home and I'm having a, every night I come home and I'm having dinner with you and you're asking me all these tough questions
Starting point is 00:36:00 and we're getting into it, you know what you're doing to my brain? I mean, are you kidding me? My brain is getting sharper just by being your kid because I have to be sharp to be your kid. You're gonna challenge me, you're gonna push back, you're gonna say, why do you think this? What about this?
Starting point is 00:36:14 And have you, do you know the story about this? Versus another person that is raised by a simple father that doesn't have your kind of knowledge, that kid's like, yeah, we never talked about that kind of stuff. We just talked about basic stuff. So to me, if I have the edge of a father of knowledge, that kid's like, yeah, we never talked about that kind of stuff. We just talked about basic stuff. So to me, if I have the edge of a father like you, I think that is also unfair to say, well, you can pass down the wisdom and knowledge
Starting point is 00:36:34 that you have, which is way more, because you're more well-read than the average father, we should tax some of that knowledge and only 20% of it goes to your kids, or 5% of it goes to your kids, because two kids comparing a parent that is not as knowledgeable as you Versus another one that is at 18 years old. We're not having a first start your kids got an edge over my kid because your kid has got a little bit more Challenging conversations at night
Starting point is 00:36:56 Then others do you know like the Kennedy's families their tradition was at night They would sit down and have debates and they would have conversations. I think that is a very, very big yet. So, but I think you ought to be able to pass on anything when a pass on to your kids, even if it's all the knowledge and the wisdom that you have. So, at just out of curiosity, let's say I'm, let's say, take me out of the equation. Let's just use an example of somebody
Starting point is 00:37:16 who's probably closer to this, but let's say Elon Musk becomes a trillionaire. When Elon Musk dies, should he be able to pass a trillion dollars to his kids? Well, he won't, because he'll pay the estateing. No, but I'm asking you when you're ideal system. Let's say you and my ideas. Yeah, it would be fair enough. So of that trillion, what do those kids get? But let's just say the whole thing. Let's say, let's say it's he's worth three trillion dollars, which is very likely form
Starting point is 00:37:37 towards the three trillion dollars. And the reason why I'm using three, 50% is still going to be a trillion dollars going to the kids, right? A trillion and I have going to the kids. yes because a couple different reasons all of it. Let me explain to why it's cool in a listen of course because because to me So you've ever been to the Hurst castle or you've been to what is that one? First castle in California. Yeah, what is what is the J Paul getting museum? I don't know if you've been to the J Paul getting museum in LA. It's really cool if you ever go to LA It's off to four or five free. What's a really cool place to go to? Okay, what this guy had five kids, I don't know the exact numbers, but he left his kids only a million dollars a piece.
Starting point is 00:38:14 And he took the rest of the money and he put it in an account and the interest on that account gave the world a free museum. So when you go there, you don't pay for it. It's a free museum. And by the way, it's a sick place on a sick location where you go up and you take you up. The only thing you pay for is parking for your car. You don't pay anything else is when you go there. Okay. Get the pictures. Get the whole nine free. That was part of his cause. That's what he wanted to do. He only gave his kids a million hours. Now, you know, you, the other day, we did a course on
Starting point is 00:38:44 generational wealth. Vanderbilt, they gave their money to their kids. Do you know, you, the other day we did a course on generational wealth. Vanderbilt, they gave their money to their kids. You know the Vanderbilt's wealth only lasted two generations. Like when Anderson Cooper's mother sat down with them and said, Hey, Anderson Cooper, I know we're Vanderbilt, but you're not a trust fund baby. There's no money to be given. So you got to figure out to make your money.
Starting point is 00:39:00 What did Anderson Cooper do? Make $200 million of his own money. He went to work. He went to work, but he's- He's mad at his job, by the way. I just throwing that out there. But you know what, you know, you went and made his money. And you know, he probably used a little bit of the last
Starting point is 00:39:12 them into connections and all that. But then some of the families, the money's been kept for six, seven generations. Medici, you can look at some of these other ones. Love them or hate them. They've kept the money in their family. Whether it's Rods, Charles, Koch brothers, these are some of the most hated people in the world
Starting point is 00:39:25 because the money's been passed down. And the general feeling of, dude, I got started, I had nothing. You already rich just because your last name is XYZ. I think it's the parents' decision to do what they want to do with the money. Unfortunately, most of the parents don't make the right decision on how they give the money
Starting point is 00:39:42 to the kids. Nowadays, there's a lot of different, there's a company called Ronald Blue, that helps you set up a state planning. And it's so funny to have a meeting with your kids. And they'll say, listen, you guys are the Kalinsky family, great job. Your family has an estate.
Starting point is 00:39:57 For you to participate in the estate, you have to do the following. If you don't, you don't get any of it. If you do, it goes, you get this much by 30, this much by 35, that much by 40, this much by 30, this much by 35, that much by 40, this much by 45, this much by 50, the most responsible one. If you qualify, we'll run the companies. If you're not and you're doing stupid things,
Starting point is 00:40:13 you won't be running the companies, et cetera, et cetera, et cetera. I think the parents who screw up with the money, that kid is not gonna keep the money anyways. They're gonna spend the hell out of the money. It's not hard to spend $300 million. If a kid is a dumb kid, they'll spend the money like this. But if the parents have done proper state planning, that kid has to keep working and doing it right
Starting point is 00:40:30 to participate and apportion at that money. There's a way to put in to say, you have to give this much of your money away, every year you have to give that much away, you have to do this, you have to do that. So there is a lot of this one right here. This is one, can't believe I'm giving these guys an endorsement because they actually do a very good job with their business, but there's a lot of companies
Starting point is 00:40:47 like this to do that. For me to you, yes, I would say it's the parents decision to do whatever they want to do a month. Let's go back to the original example of Elon, because I have what I think is a very difficult question for you. You said, let's argue hypothetically, he's worth $3 trillion. In my world, I think a significant amount of that would be taxed, and his kids would be fine. They'd get millions, but I don't want to pass $3 trillion. In my world, I think a significant amount of that would be taxed. His kids would be fine.
Starting point is 00:41:06 They'd get millions, but I don't want to pass $3 trillion to them. Look, it's a scale. Some people would, revolutionaries would go as far as to say, tax the whole shebang. Then people on the other side would say, yeah, no, don't tax it at all. What if I told you, what if there was a program, we're going to tax that $3 trillion. Let's just make up some numbers here. Let's say a trillion of the three trillion is taken by the government, but let's say every dollar of that trillion dollars goes to a program which helps eliminate homeless veterans
Starting point is 00:41:39 in America. Would you say, yeah, that's a program I could get behind? Does he choose to do that? No, it wouldn't, it would be government. I'm not a foreskine, I'm a choice guy, that's the problem. So, you know, so what tax, are you okay with any taxes? No, I'm okay, I'm okay with some taxes. Which one?
Starting point is 00:41:55 Like, what percentage or? Well, yeah, what percentage, well, we don't need to get into percentages, but what kind of, is like sales tax, income tax, what taxes do you think are okay? If I had it in my way, I would like a flat tax. If I had it in my way, I prefer flat tax where everybody's being tax the same exact way. So it's an income tax, but it's a flat rate. Yeah, but by the way, this is for me to disagree
Starting point is 00:42:15 with a Ronald Reagan who likes the progressive idea. A lot of conservatives are progressive. I'm more flat tax. I'm more, you know, allowing, for example, deep Forbes. Yeah, I think a flat tax model model. And what would you do like 15%? What would it be? 15 points is good.
Starting point is 00:42:28 Yeah, because the issue with the flat tax, in theory, I agree through the theory, it sounds, you know, it's appealing, but the problem with that is effectively it's a regressive tax, which means it hits the poor more. Because right now there's about 50% of the country that doesn't make enough money to pay any federal tax. You would be an A. I actually disagree, because if there's a flat tax,
Starting point is 00:42:46 a lot of the billionaires that are not paying right now would have to pay because it's flat tax. So that's true, but on the other end, you'd have these people, 50% of the country's basically paying no federal taxes, they'd have to pay 15% of their income, they can't afford it. There should be a threshold. So, so let me, but you make a last call.
Starting point is 00:42:59 I think I know. I'll give you, I'll give you, I'll give you the idea here on this part. This is the one side of the argument with taxes that I haven't shared with you so you remember when When Andrew Yang came out with the UBI Well, this is what Milton Friedman said and that you know, it's I'm just doing with Milton Friedman proposed
Starting point is 00:43:14 No, Milton Friedman came out with the negative negative income tax Yeah, you know, which you have to work to earn it and then up to this point We would help you out with the 50% but you got to also contribute to society. So subsidize the lower end. Absolutely. I actually, to me, I'm the earn the right to vote. Earn the right to everything to me is earn the right. Go earn the right to be able to do XYZ. You contribute to society in whatever way you want to contribute to society.
Starting point is 00:43:40 You get a louder mic. You don't contribute to society. You shouldn't be able to have a louder mic. If I'm one of your kids You got four kids. Let's just say And they'll decide to live in your house. They're all above 18 like that. I want to live with you I love you so much. I want to live with you if one of the three kids one of the four kids isn't paying rent and Say it's the second oldest one. Should he have a man of the same amount of say as the youngest one that's paying rent to you on a monthly basis?
Starting point is 00:44:03 No, the youngest one is saying that I'll pay $1,000 a month because I got a job. The second oldest one's like, nah, I just want to chill out, I don't want to pay anything and he parties as ass off or he doesn't want to get to work. Go apply for a job. Nobody wants to hire me. You have an apply for something for six months. What do you mean nobody wants to hire you? I have a very big problem with that person having a voice in that house saying what to do. You haven't earned the right to have a voice. So the issue with earning the right to vote is that if you look at the old school Jim Crow South,
Starting point is 00:44:31 they had this thing, you have to do a poll test to show that you're a good citizen, that you understand the country before you can vote. And that was just like a stealth way to try to take away the vote from poor people and from minorities. So I mean, look, we live in a country, there's gonna be some percentage of the country, there's just fucking idiots, but that doesn't mean you could take away the vote from poor people and from minorities. So, I mean, look, we live in a country, there's gonna be some percentage of the country,
Starting point is 00:44:45 there's just fucking idiots. But that doesn't mean you could, you know, take away their basic rights. So I think that, you know, everybody, as long as they're over a certain age, I think they deserve the right to vote. If that's the standard, if that's the standard that we set,
Starting point is 00:44:59 then yes, you're right. Some people will be fucking idiots, if you're gonna say that's the standard. But if the standard is to set and say, hey, look, I'm not asking you to be a millionaire. I'm not asking you to be a billionaire. I'm not asking to go be a CEO. What I am asking for is go contribute to society.
Starting point is 00:45:15 I don't care what it is. If you contribute to society, I'm all in. I'm not gonna judge you if you're making $48,000 here. I'm not gonna judge you if you're making $700,000 here. What I will respect is the fact that you are contributing to society yesterday, we're staying at the comfort end. And it's one lady, we start talking to her. So, you know, hey, she asks us, how was Christmas?
Starting point is 00:45:35 Great, we had a great Christmas, we're all downstairs on the lobby, I'm trying to do the Zoom, and we're having a regular breakfast at comfort end. You already know what the breakfast is gonna look like, it's not a crazy breakfast. But this one girl, I can tell you the tattoos she had on her neck, on her hand. She's cleaning up everywhere like you wouldn't believe. So I was, how was this? Oh my god, it was great. Well, my boyfriend and I tried to go to Christmas together,
Starting point is 00:45:56 but we couldn't because we had an issue. So we had to spend time together. We didn't go to one of my parents' house. And then, hey, do you have a straw? She goes upstairs, grabs a straw of her mom's and she says, I washed it, everything. I know it's not a, it's a used straw, but I cleaned it for you. Do you want to use this for your kit? Because, you know, or baby only. And my man is like very sensitive with stuff. He's like, no, I'm not going to use that straw. And rather than giving an attitude, she says, no problem. I'll be back. The girl gets in the car, goes to her place, brings two straws that are covered with the, you know, the whole thing around it. And she says, here,
Starting point is 00:46:29 so what'd you get that from? I went home and got it for you. You're kidding me. No. You know how much respect I got for that person that's working at that comfort. Absolutely. You know what I did to her? I gave her tips. She said, we can't accept tips. I said, well, I'm going to leave this money here. Don't take it if you don't want to. This money is staying here. So you can either leave it here or someone's going to take it. So well, that's the case. I'll take the money.'m gonna leave this money here. Don't take it if you don't want to. This money is staying here. So you can either leave it here or someone's gonna take it. So well, that's the case. I'll take the money. So you've earned the right.
Starting point is 00:46:49 I value service. I have the same amount of respect for that girl to give me that kind of service. And the guy that pulls up an Alain Borghini who's making 20 million a year because you're contributing to society. When you say there's gonna be a lot of messed up people in America, I have a problem making that be okay
Starting point is 00:47:07 rather than challenging them to say, go contribute, even if it's this much. For that woman, let's say you were somebody else and you're kind of an asshole and she gives amazing service and then they don't tip it all. What would you say about her? Shouldn't she get a raise?
Starting point is 00:47:24 Shouldn't she be paid more upfront? Because I have a problem with the, you know, the exception to the minimum wage rules where it's like, well, we have this minimum wage, but then if you work in this industry or that industry, you actually make less than the minimum wage and then you have to earn it in tips. I think in many instances,
Starting point is 00:47:40 that's like, servo-shits. Yeah, you can make, you can literally work full time and then not make enough money to survive. I don't think that should be a thing. I think if you're into your point, I think that if you're, if you're running a respectable business, like, you need to earn the right to be in business, and that means you need to pay your people
Starting point is 00:47:57 at their working full-time enough to get by. But if you don't, somebody else will. So, that's a great thing about capitalism. Crack down on the people who are, are cheating the system and who are fraudulent. I don't think, but I don't think somebody else will. So that's a great thing about capitalism. Crack down on the people who are cheating the system and who are fraudulent. I don't think, but I don't think they survived Kyle. I don't. Oh, many of them do.
Starting point is 00:48:11 No, they don't, they don't survive. You don't think there are any companies that pay less than a living wage? They do, but they can't keep good people though. They can't keep good people. Good people. Listen, how long, have you ever been in a relationship or a person that value you? Oh, absolutely. What'd you do? Eventually, we left you. Okay. Have you ever been in a relationship where a person didn't value you?
Starting point is 00:48:25 Absolutely. What'd you do? Eventually, we left you. Okay. Have you ever been the asshole to her? I'm sure I have. I have to. And what did she do?
Starting point is 00:48:32 She left you and I. Sure, sure. But the point is, people eventually leave assholes. Okay. This isn't like where we're living in the Middle East and it's a sweatshop in China. No, this is America. In America, you have choices, you have options. So even if the guy doesn't pay well, you leave.
Starting point is 00:48:50 If they don't leave, here's what's the worst thing that happens. Can you pull up the story with what McDonald's just did? The first full on automated, I don't know if you saw this or now that's, you know, shown what it's doing. They're gonna go automated and they're gonna say, well, I think they're gonna do that anyway. I think we're moving towards that anyway. I think we're moving forward to that anyway. I do as well.
Starting point is 00:49:06 So then we need to find a way to ameliorate when it goes to, when the bottom floor falls out from underneath, everybody who's already struggling and it gets even worse, we need to find a way to ameliorate that. We're gonna be dealing with real civil unrest, the likes of which we haven't seen in our lifetime. See, see, see, for me, on the first question, by the way, you know, when you, when I said,
Starting point is 00:49:24 people gonna leave and find another job, here's, here, for me, on the first question, by the way, you know, when you, when I said, people gonna leave and find another job, here's, here's for me, okay. I think the message that Bernie has, I, I, I, just so you know, I trust Bernie a hundred times more than I trust Biden. Yeah, because he's authentic. Because I believe him. Right, you believe him.
Starting point is 00:49:40 He's a true believer. So I see, you know what, I respect you. Right. On what you're saying. I can sit there and listen to a person and say, I respect the fact that you fully believe in what you're talking about. I don't see Bernie as a manipulator. Right.
Starting point is 00:49:52 I see Bernie that maybe, hey, you know what, let's pay minimal weight, should be this much. And then he was paying one of his interns 12 bucks and he came out and said, shit, we screwed up. I didn't know about it. Okay. None of us is walking on water. My standard isn't walking on water. I'm not going to sit there and say, well, he, look at him.
Starting point is 00:50:04 You know, we should tax the millionaires. Now it's taxing the billionaires because he's now a millionaire. Fine, totally get it. So the markers moving a little bit more, but it's always taxed the people that are a little bit richer than me.
Starting point is 00:50:15 That's a little bit of the contradiction that comes with the taxes. But going back to this part, this is my challenge. Here's my challenge. My challenge becomes Kyle. In our house, the currency is reading books, pages. So if you read, you're able to have leverage to ask me for things. Okay, if you're one of my kids.
Starting point is 00:50:33 The moment you turn six years old, you have to read 20 pages a day. You read 20 pages a day, you can ask for things. You read 20 pages a day, you get iPad every weekend for one hour. Okay, you're able to watch TV and movies on the weekend, okay? You read 20 pages a day. You're able to ask xyz every quarter, okay? You read 20 the currency is reading so we're having this game. We're playing Scrable and my kids are able to come up with all these different words because these kids read Okay, we're playing this Jeopardy type of a game questions. Did you know this all of them? I could answer something like what? I never knew that How did you learn about that? Well because I read xyz. He's read like 500 to HQ books by 10 years old. I think I
Starting point is 00:51:11 Come to you versus I go to him and Both of you guys are my uncle and I'm his son. Okay, hypothetically So I go to Adam and I say Adam. I gotta tell you man. I'm so sick of my dad Rob It's just I'm so sick of it. He. It's just, I'm so sick of it. He wants me to do this. He wants me to do that. He wants me to eat this. He wants me to train like this.
Starting point is 00:51:32 He wants me to read this book. I'm so freaking tired of my dad. Adam says the following. He says, your dad's been annoying for his entire life. He's my brother, I've known him. He's annoying. Just be patient. When you're 18, get, I've known him. He's annoying. Just be patient when you're 18, get the hell away from him as quickly as possible. Okay? You shouldn't have to work
Starting point is 00:51:49 that hard. That's not fair. You're just a kid. Why is he pushing you so hard? That's not what he should be doing. A lot of people disagree with your dad, but unfortunately there's nothing we can do about it right now. Okay? That's one uncle. Now, I go to his other brother, it's you. I'm like, Uncle Kyle, my dad is this, my dad is that, he's so annoying. I don't know. And he say, just be lucky. That's your dad, okay? Because he's raising a leader. One day you're going to do this.
Starting point is 00:52:15 One day you're going to do that. One day you're going to do this. I would be very grateful that you have the dad that you have. There's two philosophies in America right now. One is feeling sorry for you constantly. The other one is telling you step up and lead and do something about it. I like this more because it's keeping less people dependent on a system. This is keeping more people dependent on the system. This mindset increases taxes.
Starting point is 00:52:42 This mindset decreases taxes. What are your thoughts on that? First of all, let me just be clear. I've never met a tax cut for the working class that I didn't love. I love cutting taxes on working class people. So I'm not talking, I give them even more money. Right? So what I'm talking about is more on the top. I'm talking about contributing.
Starting point is 00:53:00 No, I understand that. But let me just address the point because I think there's an important counter argument, which is, I don't think a system can justify somebody working full time and then they don't get paid enough money to even survive. I think that system has failed to prove itself as being the best system.
Starting point is 00:53:20 To your point, in fact, I almost agree with your point maybe more than you do because I want to reward the hard work. And my point is, I feel like the hard work is not being rewarded right now, because I think like, I think like, basically 95% of the country is trying their hardest, and in many instances, just treading water in the same place and not getting it. I don't know if it's 95%, but I think majority are.
Starting point is 00:53:43 I don't think it's 95%. So we have broad agreement on that. Yes. Yeah, no, I do. But here's a part. So when you're talking about, you know, if a person's working a full-time job and they're not able to pay the bills, I don't think that's fair.
Starting point is 00:53:55 Okay, fine. No, no, you're saying that. No, no, no, you were agreeing. I'm not agreeing. Oh, look, we made a agreement. I'm not agreeing. But that's what I would say. We agree now.
Starting point is 00:54:03 You know what I would say? Here's what I would say to them. Sure. Okay, here's what I would say. We agree now. You know what I would say? Here's what I would say to them. Sure. Okay, here's what I would say to them. There was a time my market value was 375 an hour, and they probably overpaid, you know, when they were paying me 375 an hour, because that was not a good employee. Okay. There was a time my market value was six bucks an hour.
Starting point is 00:54:20 Okay. When I worked at Burger King, I was 475 an hour. Okay. When I worked at Valley Tour of Fitness, it was 720 an hour. That's what they paid me. That was the market value for me, because the military paid me pennies on a dollar, because the military you're working 100 hours a week, so they're not paying you a lot of money, you make 800 bucks a month, you're broke.
Starting point is 00:54:37 So when I'm sitting there at rallies, and I'm making 7 bucks an hour, okay, and I'm broke, and I can't do anything. You know what I would do on my break? I always had a book I read. So I would sit, they would make fun of me. I would sit there and I'm reading a book. I'm a 1.8 GPA guy, okay? I'm not a guy that's a reading guy.
Starting point is 00:54:55 I'm a guy that started, first book I ever finished in my life covered a cover I was 21 years old. First book I ever finished I was 21 years old. So I'm sitting there and On my break this guy name Jose who was on my boss. He would come and make fun of me. He's a Patrick What are you doing? You believe in this dream type of stuff of being a millionaire. Do you realize I make eighty thousand dollars a year? I drive a nice BMW. I got a great life You think these books are gonna change your life and I'm like this a man
Starting point is 00:55:22 I have no desire to make 80,000 dollars because that's a tough life for me. I saw what my mom and dad did. I don't wanna do what you're doing. You're clubbing five nights a week. You're on your third marriage. I just don't want that life. And I told him straight up.
Starting point is 00:55:34 He's like, what? I don't want your life. It's that simple. I just don't want your life. And I think there's a lot of people that don't want that life. But rather than saying, I think it's unfair that these people are making only this much
Starting point is 00:55:45 and they can barely pay their bills. My question to them is, what are you doing to increase your market value? If you increase, for example, you're using an iPhone, right? Why don't you use a Blackberry? Why don't you use an old next to it? Why don't you use a Nokia? Why do you use a Blackberry? Why do you use an iPhone? Pretty arbitrary. I just, whatever phone fell in my life. I don't think that's the case, though. I don't think that's the case. And also those things don't even, they're not really sold anymore anyway. Some of the, some of the shitty phones are still around,
Starting point is 00:56:09 but the point is the following, you need that phone because you need to check your creative studios, you need to check YouTube, you need to get back on Twitter, you're a, your personality. People want to see what you have to say. So that phone has made the best argument to you as a market value. That's
Starting point is 00:56:25 why you're using that phone, not some of the other phones. I think the same way Apple has made the argument to you to use their phone is the same way a lot of people need to sit there and say, well, maybe my market value is only $42,000 here. See, I don't disagree with you, though. That's the thing. I think we're talking past each other because if your argument is, if I boil it down to its simplest form, if your argument is, look, try your best, don't stop trying, learn, keep reading, keep expanding your horizons, don't take no for an answer, keep grinding. If that's your message, we have total agreement.
Starting point is 00:56:57 Because I see nothing wrong with that at all. In fact, I would also, look, I like to dab every now and then as well, and so that, you know, listen into various self-help stuff, listening to a motivational rant. Sometimes it gets me fired up. Sometimes I listen, I'm like, let's fucking go, let's do this thing.
Starting point is 00:57:12 So we don't disagree at all. I think the only area of disagreement we have is that even if we had a society where literally 100% of people did what you're recommending there, the problem is that the system itself does not reward that inherently. So we could still have 10 million people living in abject poverty and be working poor.
Starting point is 00:57:33 So they're still trying, but they still just get a bad role the dice and they don't get far enough. That's the thing that I'm focused on in terms of the system and how to fix it. In terms of the individual, you and I have total agreement. Because of course, I would give people, I would give the people in my life personally
Starting point is 00:57:48 and to my audience, I'd give them the exact same advice you just gave, which is, and by the way, how do you think I made it on YouTube in the first place? Well, you think I'm just better than everybody? My personality is just like, oh, that guy is so dynamic. He's gonna ask me.
Starting point is 00:58:01 He's gonna ask me. Yeah, I kept showing up. I kept showing up. I never stopped. And for the first year and a half or two years, I, I kept showing up. I kept showing up. I never stopped. And for the first year and a half or two years, I had nobody fucking watching me. I had nobody watching me.
Starting point is 00:58:10 There was probably less than 20 people with their eyeballs on me for my show. I was doing a two or three hour show every single day. So yeah, I think we agree more than, more than we recognize. I just think that message, we collectively need to give that message more. Because I think what you've done, okay, let me ask you, Kyle, if a thousand people out
Starting point is 00:58:31 there want to do what Kyle's doing, okay, and let's just say out of these thousand people, they're, they're, they're, they're, their interest is not politics. One guy's interest is basketball, right? But very good, like, follow it's everything to basketball. One is movies, and it's a great movie critic, right? One is food recipes, one is, you know, writing, one is math, whatever it is, right? Everybody has something to offer to the society.
Starting point is 00:58:55 Do you think if they applied themselves and worked the way you have and stayed disciplined the way you have, you think they could also eventually make it? I think a certain percentage of them would have, but I, if I'm guessing maybe 15%, you have, you think they could also eventually make it? I think a certain percentage of them would. What percentage? But I, if I'm guessing maybe 15%, Only 15% would make it if they did what you did.
Starting point is 00:59:11 15% or 20? Well, yeah, well, you think very high of your sub-pig. How many people do you say, like 400 people? I said 1,000 people. Okay, 1,000 people. Yeah, I think, look, the harsh truth of the world, how many videos have you uploaded? How many videos have you uploaded? How many videos have you uploaded?
Starting point is 00:59:25 Tens of thousands of people. Bro, you're saying like, you're saying like, what you've done is easy. All I'm saying to you is, if anybody goes out there, how much material do you read to stay on top? It's endless, from when I wake up to when I go to sleep. Okay, so if I do, what you do in my space of specialty,
Starting point is 00:59:43 I'm a Disney guy, I'm a business guy. I'm a sports guy I'm a art guy. I'm a you know scam guy like I study all the scams because there's great YouTube channels I'm a I'm a I'm a guy that does what they do but if I study the way you study in research and I put 10,000 videos on YouTube Don't you think I'm eventually gonna make it in my specialty? It's not a guarantee and that's the sad reality. I think that you disagree with that. Do you disagree with that?
Starting point is 01:00:09 But let me say what I mean. Okay, so it's very hard to debate this from your perspective. Here's okay. Do you work out? You're a good looking guy. I don't know. I did for quite a while now. So I do the Trump workout regimen because I play golf. Trump workout. Okay, so play golf. Trump workout. Okay, so let me ask you this. Let me ask you this. We got a thousand people.
Starting point is 01:00:29 We're going to play this game in a different way. We got a thousand people. If we have a thousand people who agreed, okay, to stop eating bread, stop eating sugar, okay, and they got one cheat day a month. Not even a week, they got one cheat day a month. Whatever you want, per month. But for 29 days, you're straight up clean. They did cardio three times a week, they got one cheat day a month. You need whatever you want per month. But for 29 days, you're straight up clean.
Starting point is 01:00:46 They did cardio three times a week, 30 minutes, and they went to the gym, and they did weights for 45 minutes four times a week. If a thousand people did it, they're all losing weight. They're all losing weight. Every single one of them is losing weight. But the point what I'm trying to say is, if people followed your methodology of researching, reading, working, 10,000,
Starting point is 01:01:07 busting their ass when no one's watching them, they're eventually going to win, because that's how formulas work. I understand that. I guess the core of our disagreement, though, is how much can be attributed to nurture or slash environment versus nature. And I think the core of our disagreement here is,
Starting point is 01:01:24 especially when it comes to this particular field of YouTube, we all know people, let's keep it real. They're people who have effectively anti-corisma. Sometimes people who talk and you go, they have that X factor. I listen to them and I'm like, I want to listen to every fucking word they say. And then there's some people who are the second they open.
Starting point is 01:01:40 Yeah, it's called a high-to-not fact. We're familiar with that around here. One of the biggest YouTube's right now blowing up is ran by a guy that has no, he's not a charisma guy. Oh, I get it. Look, he's not a charisma guy. Some people know, but he's so beyond smart. He does have, he does have his own charisma. I'll disagree with you on that.
Starting point is 01:01:55 And I think Nome Shomsky too, agree with him. He makes monotone sounds. I've had a mon. I've had a mon. Lex makes monotone sound good. Yeah, but I don't think that you're that smart. I used to roll this. You know, it's crazy. Like I've been in sales for 21 years.
Starting point is 01:02:08 What I used to judge as somebody that's going to be a great salesperson, I failed miserably. Let me explain to you why. So I would see a guy, oh my god, this guy's personality. He's freaking, that guy's got to blow up. He's going to make millions, right? Obviously, I was like, no, he didn't. He was lazy.
Starting point is 01:02:22 And then I had a guy that was terrible accent. from stage. He would say the key to success is you got a fuckess What you got a fucking what gentlemen do fuck it first and By the way if you ever writes a book he's got to write a book since the kids fuck is right FUC K. I.S. But what he's trying to say is you got to focus right? Yeah, yeah, yeah. And then he would go and talk to families, you have to time you would understand, but it wasn't like he was as charismatic as the other guy,
Starting point is 01:02:53 but the guy was willing to do the work. All I'm saying Kyle to you is the following, all I'm saying is I think when people come up to me and they say, you know, well, you don't understand the challenges, have you don't understand the life of you? You don't understand how hard it is that, that, that, that. How many books have you written in the last six months? What course are you taking to improve yourself?
Starting point is 01:03:12 What are you doing to get better? And if the answer is, you know every, yeah, I have a problem with that. I think that- I agree. I agree. I think that- I agree.
Starting point is 01:03:21 I agree. I mean, look, I think the problem is we're having two separate conversations. I think there's one conversation about the system and how we address the system. Then there's a whole other conversation about at the individual level, how do you treat people? What values do you impart on them?
Starting point is 01:03:33 And I think on the values front, on the individual front, we agree 100%. Because yeah, you should focus, you should try to create a culture of hard work. You should try to create a culture of people showing up, being passionate about something, giving their all to something. It's just, in my view, it's just two separate conversations
Starting point is 01:03:50 where you could also have a separate conversation about, what do we do with the system, what do we do with the tax rates, what do we do with the living wage law, what do we do about unions? And so that's where our disconnect is coming from. Well, if you wanna go there, because I wanna go to a different topic.
Starting point is 01:04:03 Yeah, I just wanna kind of revisit where how this whole conversation started, because obviously we're trying to find some common ground here. But going back to, I think what you stand for with the social democracy, is you've ever seen that, that video where, like, you know, dozens of kids lying up for a race. And like, there's the coach being like, all right, take two steps forward if your parents are still married. And then kids take two steps forward. All right, take a step forward if you've graduated high school. Boom. And then you've seen this thing before.
Starting point is 01:04:35 I don't know if you can pull that up. But you know, basically it's an expose on however you were raised or whatever the merits you had or the benefits you had, you're going to have a leg up in life. So essentially the message was a lot of the black kids or the Latino kids or you know poor kids poor poor kids even poor white kids for that matter. This understanding how privilege works. Okay. Just interject I'm sorry. I hate the like privilege discourse. Totally great. I'm sorry. I hate the like privilege discourse. Totally great. I'm with you on this. But all these kids start taking a step forward. Okay, great. So you're sort of your baseline is you want everybody to start at the same starting point and just
Starting point is 01:05:16 have a fair starting point, a fair, no advantages for certain kids over the others. And you talk about healthcare, free college, student loans, credit cards. But isn't that kind of the antithesis of America because, hear me out, you're a byproduct of what your parents decide to do. So if your parents work hard, pay their bills. Is that right? I think it is right.
Starting point is 01:05:40 Really? So if my parents are a scoundrel drunk, then I'm just destined to be fucked and that's fine. I'm not, why are you destined to be fucked? You can make a decision to actually clean up your act. You don't have to live because your parents fucked up. But if Pat basically spent his whole life reading books, working out, improving,
Starting point is 01:05:59 raises kids the right way, made millions and hundreds of millions of dollars, and Rob over here, worked a nine to five, didn't read books, didn't improve, didn't pass down anything, knowledge, wealth to his kids. Are you saying that Rob's kid should have the exact same starting point as Pat's kids? I think that's not fair. No, totally unfair. Okay.
Starting point is 01:06:18 So, first of all, you said like, this is, you know, kind of the antithesis of America. I totally disagree with that. Because when you look at civil rights history, that was the core of what they were trying to do. Hey, it's unfair that we have our boot on the neck of this entire class of people, their, you know, minorities and their treated unfairly. Let's just start treating them fairly.
Starting point is 01:06:36 That was the core of that. And also, the new deal. That was FDR coming in and saying, you know what, these what he called economic royalists have been fucking working people for far too long. You know, the income and wealth inequality at the time was preposterous, it was called the robber baron era because you had this top tiny sliver of the population
Starting point is 01:06:54 that was making all the fucking money. Then you had these people who were working all day every day with shit pay, not get bought. And does your revolution risk the craft? That's all that stuff. And so, 150 years ago. So what I would argue is, I think what I'm trying to do is harness the best of the American tradition.
Starting point is 01:07:10 I think that social democracy is America at its best. That's what social security was, Medicare, Medicaid. These basic programs to say, I want people to have a fair shot. It's more, I think you're focusing more on the, you know, let's like punish the Mitt Romney types or whatever. Where my point is, no, let's help the people at the bottom to get to a reasonable floor. Can I respond? Sure. 100 years ago, FDR, you know, industrial revolution, everything that Rockefellers even up to civil rights,
Starting point is 01:07:38 dude, I think your argument is completely fair, meaning like, of course, right, certain people were screwed. But it's been 50 plus years since then at what point do we acknowledge you know what people there's no systematic racism at this point there's no the man keeping people down Barack Obama became a president things have changed is what I'm saying we're not back in the 1910s or 1870s or even the 1960s where people didn't get a fair shake. I think more than ever, people have the fair shake they've ever had in this world. So at what point does that argument kind of get quelled? Meaning like, oh, we've addressed it.
Starting point is 01:08:14 You're right, Kyle. 50 years ago your argument held water like crazy. Does it still hold the same water today though? Yes, it does. You know what the number one cause of bankruptcy in America is? Medical debt. Correct. Yeah. You think that makes sense? I don't. But, but so wait, so just let's just focus on that for a second. So we agree on that one. So that same spirit that we brought to the civil
Starting point is 01:08:34 rights fight to the new deal fight, we need, there's gonna come a time when people look back at our era, let's say 50 years in the future, 100 years in the future, and they go, these fucking cycles were just sitting around when people were dying left and right and drowning up to their eyeballs and medical debt and 45,000 people died because they didn't have basic health care. There's gonna come a time where we look at that with the same kind of scorn
Starting point is 01:08:54 that we looked at segregation in the Jim Crow South. Yeah, and that's what I'm just trying to do. I don't know if it'll be that level, but however, the question is, the people consciousness, the question stand. And Bernie did a great job of this. This is the question of his healthcare or right or is it a privilege, right?
Starting point is 01:09:09 And then should the government pay for everything every time the government gets involved in something it's gonna get fucked, but then you have these monopolies, these biotech companies, big pharma that are making across state lines, this whole valid argument. But at the end of the day, who's paying for all this? So the scan that you bring up to Scandinavian countries,
Starting point is 01:09:30 how many people live in all of Scandinavia, all of Scandinavia, Sweden, Denmark, Norway, Iceland, Greenland, how many people do you think? Yeah, it's not many. I know. It's like 20 million people. I understand that. There's more people in Texas and in Florida in California,
Starting point is 01:09:42 we get 20 to 40 million. So I don't know if that argument can extrapolate because number one, each of those countries operate independently. So it's 5 million a piece versus 350 million here. I just don't know how it's gonna work and who's gonna pay for it all. Bernie Sanders to my final point,
Starting point is 01:09:59 if you were just going based on personality and rhetoric, people are like, this guy is awesome. He's crazy, he's wild, he's crazy hair. He's got that pizzazz charisma, but then when you gotta actually do the math, it's like, how the fuck is Bernie gonna pay all those? Same with AOC and the new green deal. So the problem is a lot of people will be like,
Starting point is 01:10:18 yes, Bernie's the man, of course, tax the billionaires, but it's like, all right, well, where's this money actually going, how are we gonna fund all this? That's the problem that I think people have is like, great ideas, where's the math coming to? Okay, so there's some very simple answers to that. First of all, there was a report that just came out not too long ago in the responsible state craft outlet.
Starting point is 01:10:38 The Pentagon just failed its fifth audit in a row. They cannot account for, I believe the number was 59% of their funds. This is the defense. Yes, we're talking trillions of dollars missing. That missing. Exactly. Now, somebody might want to check, you know, Dick Cheney's fucking wallet and somebody might want to check what was going on at Halibur. Halibur, went on with Brown and Rout and all these Raytheon Boeing. We spent over a trillion dollars. I think it's actually close to two trillion dollars on this plane called the F-35-2,
Starting point is 01:11:10 which doesn't even fucking fly right to this day. Okay? So when you say, man, how are we gonna pay for it? That's my first answer. Is we, did you know if we cut our military budget, and I'm not exaggerating here, by 50%, we would still have the biggest military in the world by far, and it's
Starting point is 01:11:25 not even close. Okay. So how much is our military budget? So there's the on the books answer, then there's the off the books answer. The on go on the books. Yeah, the on the books answer is about $850 billion. Okay. And how much so do you know what percentage I think 90% of our budget goes to? The big well, it's okay, your social security. Yes, we don't. Medicare, Medicaid. Disregulatory versus non-discretionary. Yeah, well that entitlement programs.
Starting point is 01:11:51 That's where all our money is going. All of it. Well, again, defense is like 5, 10% at that. A lot of people want to say, all right, if you cut a couple hundred billion here, there's trillions and trillions of trillions go to social security, Medicare, Medicaid. So that's where the entirety of our budget is going.
Starting point is 01:12:09 And it's getting larger and larger as boomers, you know, 10,000 baby boomers turn 65 every single day. Like, what do you want to do with those programs? So, first of all, those, those programs, there's the defend, there's the discretionary portion of the budget and the non-discretionary portion of the budget. And those are viewed as kind of off the table. Nobody touches this. In other words, you don't need Washington to step in every year to re-up social security
Starting point is 01:12:29 Medicare Medicaid. They're sort of off on their own. And I think it's a good thing that they're not addressed every single year because I don't think we'd ever fucking renew healthcare for old people or payments for old people. I like those programs. And those programs are some of the most popular in the country. I think we should look more at doing stuff like that and not wasting a tremendous amount of money blowing up countries that didn't attack us.
Starting point is 01:12:49 Yeah, I agree, but I'm just saying follow the money, the majority of the money. It's easy to go, no one here is going to be like, yes, keep just pouring money into defense. And it's without reason. I think we're all on the same page there. I think Pat might, because he's former army might say, how we need America, we talk about how many bases America has across the world. 800 plus bases where China has won.
Starting point is 01:13:11 I think there's a lot of excessive and glutton, pork belly and all that stuff that goes into defense. But that's still a small fraction of really where the budget is going with these entitlement programs. You know Kyle, the challenge like today, if a person really wanted to run for office and they got up and they said, well listen, here's what we're going to be doing. Folks, everybody's got to get back to work. You got to do your part, you got to improve some skills, you got to learn two or three skills
Starting point is 01:13:36 next 12 months, hopefully five new skills the next two years and we think you can increase your market value, but we are so much in debt, we can't give any more entitled from programs. We're not gonna be doing any more buildback better, nothing for eight years. We're not spending any more money than we are right now. We're in the business of cutting down expenses today. Just like a company, we're supposed to cut down expenses right now,
Starting point is 01:13:58 we have way too much debt. Do you know if somebody ran on that? You know it's the chances of that person winning? No chance. Probably zero. Zero, because what's popular today is what Andrew Yang says, what Bernie Sanders says, what Biden says, what Elizabeth Warren says, what anybody says that we're going to give it to you if you vote me in for free. We are more and more and more gradually becoming an entitled
Starting point is 01:14:19 nation. And that's a scary thought because eventually something has to happen with all this money. We can't constantly be given money away to people. It is very attractive. This is why kids love their grandparents because grandparents secretly give chocolate away to kids and parents don't. If I see my daughter, goodies are people getting. I don't see the working class is struggling. I just told you 63% of people are living paycheck to paycheck.
Starting point is 01:14:43 People are doing, they're not in a good place right now. Then that tells you we were doing a shitty job spending people's money. Goes back to my point that the money being given to the government, they don't know what to do with the money. Because we're definitely not slowing down, giving money to the government. There's another 1.7 trillion dollars last week.
Starting point is 01:14:58 We're not like saying no to it. Here, here's more of our money. Let's see what you're gonna do with it. They don't do good with it again. Let's give you a little bit more money. Again, they don't do good with it. Here, here's more of our money. Let's see what you're going to do with it. They don't do good with it again. Let's give you a little bit more money. Again, they don't do good with it. If as an investor, you deal with your financial advisor. You're going to have a financial advisor.
Starting point is 01:15:13 We probably have a financial advisor. And you're going to fire some financial advisors, okay? And some of them, you think a lot about what they do with your money. If you don't think about what your financial advisor is doing with your money, guess what? It's because he's probably doing a good job, right? You know, like, okay, listen, I get the right return. He protects me, calls me saying, hey, here's what happened. I suggest moving this money from here to bonds because we think the next six months are going
Starting point is 01:15:35 to go this. Hey, I think we're ready to go into equities. Are you comfortable with going to equities? Great. And then there are some that never call you. There are people in your life you trust, a waiter you trust. Hey, I like my esteemed 90, 10, I got you Pat. He brings it. How is it? Good.
Starting point is 01:15:49 Never ask him again, because the guy knows how to make your iced tea or Arnold Palmer. Hey, here's how I like my steak, medium. You ever had an order to medium and they bring you well done, how annoyed you are when you cut the medium. Like, dude, I said medium, this is well done, right? You don't trust that restaurant, okay? The government has a very low
Starting point is 01:16:06 Trust in the marketplace with what they do with the money and this doesn't go on Bernie Sanders because a Bernie Sanders getting elected Isn't all of a sudden gonna clean house but all the employees and bringing the people that we're gonna trust That's gonna do the job because Bernie's not gonna be doing the job Trump's not gonna It's gonna be the people on the inside that are gonna be doing the job So that's the challenge when it goes back to what we do with the money. They have a very low credibility score of what they do. On this, we agree that the public trust in the government from the 1950s to today. Let me address this.
Starting point is 01:16:33 Yeah. Because on this, we 100% agree. As somebody who believes in social democracy, I mean, I think somebody would have to be high to think that I support this current government. I mean, the problem is from the 1970s until today, there's been a number of Supreme Court cases which have effectively legalized bribery, legalized corruption. There was the Buckley versus Vallejo case, the McCutcheon case, the Citizens United case, and this is just fancy legal speak of saying um they decided it is uh the
Starting point is 01:17:07 same as free speech rights for a billionaire or a corporation to donate to politicians. So when you bring up your concern of like look what the fuck's going on with all this money like they you know the government keeps doing stuff and people don't see improvements in their everyday life. I think that's a million percent correct. The reason is you have the military industrial complex, big pharma, the four-profit health insurance companies, Wall Street, individual billionaires. They pay the politicians, then the politicians turn around and pass legislation that helps
Starting point is 01:17:38 out those special interests, those lobbyists. It doesn't help out the working people. Of course. We're 100% in agreement on that. I think the working people. So, of course. We're 100% in agreement on that. And I think the solution on that front, if you want good governance, if you want a government that actually represents the people more, where you can see, it's all accountable, and you see where the money's going,
Starting point is 01:17:54 and it's all going to positive places. There's something called clean elections, which effectively is taking the private financing out of the election system, so no more corporate donations, no more billionaire donations. The way it works is there's a process to determine who gets on the ballot and then once you're on the ballot, it's funded by the taxpayers and then you have a genuine real true battle of ideas and policies and disagreements and it's no longer a battle of competing factions
Starting point is 01:18:18 where for example it's like, well, you know, the Democrats are bought by this lawyer group or these unions and the Republicans are bought by this hedge fund. And so whoever ends up winning the election, guess who's going to get served either the hedge fund or the earth. Of course. Yes. Yeah, but we're on the same place that this is why this is why I'm for Trump and Bernie because neither one of them are bought.
Starting point is 01:18:38 Okay. And whatever they're going to say is whatever they're going to say and they got the voters to come in. We have Paul Manafort here. I don't know what it was. Six months ago, five months ago, and I said, I don't like lobbyists because you guys are messing everything up. Right. Yeah. How much money these guys make? It's ungodly. Some of these guys are making $10, $20 million a year doing what they're doing. But here's what one thing that's, again, I think we're
Starting point is 01:19:00 gonna agree on this one here. So Elon Vice Twitter, okay, which we haven't even gone to the Twitter conversation to see what your thoughts are on that. But Elon buys Twitter, they got 7,500 employees. Immediately, he cuts 50%, so go to 3750. They cut 3750, the 3750 that were cut recruit the other 1200 to quit. So 3750 gets another 1200, so he's not lost 5,000, okay? Twitter goes from 7,500 employees to 2,500 employees
Starting point is 01:19:26 and Twitter's done more advancement in the last two months of additional things on Twitter that you've seen the last two, three years. Now, whether you like the features or not, it's irrelevant. It's things are being updated, right? It's like quickly things are being updated. Twitter went from being a slow, large, a social government, a social media company
Starting point is 01:19:47 to now it's going back to the startup things moving very, very quickly, right? The amount of organizations we have in the government that have 10,000, 50,000, 100,000 employees that can be run on a tent of that. You're seeing, by the way, a Facebook, other companies are seeing what Twitter is doing, they're like, maybe we don't need a hundred thousand employees. Maybe we don't need 50,000, or maybe we don't need, and by the way, these salaries are not like
Starting point is 01:20:11 this $20,000 of your salary, $70,000 of your salaries. These guys making 180, $150,000, $250,000 of your salary. So, we're also learning that wasted money in free enterprise. People are starting to realize we can do more work with fewer people. That's not good for people that want to in free enterprise, people are starting to realize we can do more work with fewer people. That's not good for people that want to raise minimum wage, but also in the government, every time we need 80, how many thousand IRS agents that did just hire 80,000? 80,000 new IRS.
Starting point is 01:20:37 And they're saying, what the 87,000 IRS? By the way, with guns. 87,000 IRS agents, they just see what number they give, we're going to be able to collect another trillion dollars of tax money to be fair they say that's for people make four hundred thousand and over they're saying that they're saying that but good luck going and spending some money and getting a seven hundred dollar bill
Starting point is 01:20:55 on something you did on the you know pay pal or any of that stuff you're still getting that seven hundred dollar tax bill they're still going to collecting that money from the people eighty seven thousand iris agents for what how does that sell me the dream it had as a sell me the dream what are you saying to people we're going to collect money you really need eighty seven thousand of them well see the problem is under the previous administrations i think going all the way back to bill clinton but it may have been from obama and onward there's
Starting point is 01:21:18 been effectively like a war on the iris where they've fired a tremendous number of them so getting back these eighty,000 is not even getting back to, you know, what it was however many years ago. You think we need more IRS agencies, which I to go after the wealthy. Yeah, because right now I agree with your point about the IRS kind of harassing working people and going after people make $40,000 a year or whatever it is. No, I don't want to go after those people. And I like I told you, I think those people should get a tax cut if anything else. I think they should have more money. Yes, I definitely think we should
Starting point is 01:21:44 rein in the oligarchs for sure. And you need the IRS or do that. What oligarchs? How many oligarchs do we have? Well, I would define the oligarchs as what we just described before, which is the billionaires and corporations who pay the government their campaign. You need 80s. You need 87,000 to go after 500 people.
Starting point is 01:21:59 Well, no, I mean, not just the oligarchs. I'm talking about the top one percent. But if you go after basically the top one percent, just the oligarch. I'm talking about the top one percent. But if you go after basically the top one percent, including the oligarch. So are you part of top one percent right now? I'm probably part of the top five percent. Okay, but you're gonna be in the top one percent very soon. Maybe, maybe not.
Starting point is 01:22:17 We'll see. There's no question about it. You keep working, buddy. There's no question. Capitalism's given you very good life. And I think if you keep continuing, you'll be in the top. 1%.
Starting point is 01:22:26 So we believe in you, Kyle, what we're trying to say. I'm saying the government should tax the shit out of me. That's what I think. Really? How much should they tax? How much should they tax? You know, I make six figures at the moment. I wouldn't put myself in the top bracket.
Starting point is 01:22:40 But yeah, I mean, so what's your tax rate? Like be real. What's your tax rate right now? You're in New York probably. You're near. I mean, New York has kind of high state tax. Okay. And so let's say you make 200 grand a year.
Starting point is 01:22:50 Okay. So you're paying 100 grand in taxes, uh, probably closer to like 85, 90 something like that. So what do you go with that? Yeah. No, I think I think that's a fair rate. So what I would probably, what I would probably, I would probably, I would probably switch it up in terms of what percentage goes to the federal government versus what percentage goes to the state government.
Starting point is 01:23:10 Um, I, I'm kind of a believer in a more centralized system. I don't like the, how you have so many layers of government where each one contacts you and they do different things. I'm, I'm a big fan of centralization in the sense that, you know, it should be the same rules in Kentucky as it is in, in New York in a sense. But yeah, in terms of the amount of money that I'm taxing, if you tell me that money is going towards healthcare, education, pre-K, but I'm saying, let's entertain my hype with that. You know what you're saying?
Starting point is 01:23:38 You're saying you don't trust the people that are getting your money today. That's what you're saying. Yeah, but nobody does. And that's correct. So, if we don't, why give them more? Because we're trying to make it so that money goes towards good things to be allocated. And that's what I'm fighting for at the early base. But it's not the point though, but you don't, but I would be a hypocrite. If I said, you know what? I'm in favor of raising taxes on all these people. But you know
Starting point is 01:23:57 what? Cut my tax, even though I make it. No, no, that's not the point. But, but what we have, uh, things that we agree with, we don't agree who's getting the money because they don't have a track record of doing the right thing with the money they're already getting from us. We totally agree on that. Okay, so do you know like to fix that what we have to do? If a lot of work, if US was a corporation, you have to fire 50% of the existing people and then bring newer people in who have ethics to clean it up
Starting point is 01:24:28 that actually have to do the work because the existing people are not. They're in a swamp type of an environment that they've been getting away for a while and no president's going to be able to fix that. The more, if there was anything that we did, like if the last person that said, give us this money and we'll give the money back was a guy named Abraham Lincoln. I think it's 1872 or whatever the year was. He says, Hey, we're going to tax you guys 10% for the next half of many years. And then once we pay off the money we got from the war, the debt, then we're going to stop taxing you.
Starting point is 01:24:56 Guess what happened after Abraham Lincoln when he did that? They collected the debt. They stopped taxing. Okay. That's how tax was. Well, collect the money, we'll pay off the debt, and we'll not tax again. Until 1913, hey, let's FDR, let's start taxing everybody. That's a cool way to collect.
Starting point is 01:25:11 That's before FDR, that wasn't FDR. No, when Lincoln did it, it was 1872, of course it's before FDR. Yeah, 1913, I was saying before FDR. Yeah, when taxes came in, it's like, hey, let's keep taxing, taxing. FDR brought minimum wage 25 cents an hour in and boom. You know, he did what he did, but the point is, that's what taxes was. We know where it went to. Today, nobody, you're talking about Pentagon five, this the fifth time.
Starting point is 01:25:32 Yeah, nobody trusted what the money is going to. Right. So if you and I don't trust an institution that has shown zero credibility on what to do with the money, we're already being given them for decades. You want us to give them more money? Well, we're saying the same thing. I'm saying, in an ideal system, I should be taxed. If you make six figures, or if you're a millionaire,
Starting point is 01:25:53 or if you're a billionaire, yeah, I think their taxes should be steep. And I think they'll still be just fine, but I think that money should go towards the thing we've discussed over and over in this podcast, educate, educate, don't go, but they're not going to go. I understand that, but this is what I'm saying. We need to do both things. We need to try to fight for that world. And also, I'm not going to sit here and say, but they're not doing it. But they're not doing it. No, I understand that. But this is what I'm saying. We need to do both things.
Starting point is 01:26:05 We need to try to fight for that world. And also, I'm not gonna sit here and say, my tax rate should be zero. My tax rate should be 10% or something. But I, Because then I would be a massive hypocrite. Everybody would be right to dunk on me. Which is first though, which is, I don't think so.
Starting point is 01:26:15 I think, I think you're 34 years old. I think you try to do them simultaneously. You're January 31st, don't you? I think you're trying to do them simultaneously. Okay. I think you try to do them simultaneously. I don't think you can do that though. I think, I think in life, you're gonna go through a lot of
Starting point is 01:26:26 philosophical changes. You're gonna be like, okay, shit, things changed. I was just all about, and I was like, well that's not cool. But what is that? You're gonna, if you're the same at 44 as you are at 34, there's problems, right? It's not gonna happen to it.
Starting point is 01:26:38 If I'm the same at 54 as I am today, I wasted 10 years of my life. I'm gonna have some changes that happen in my life. For me, first starts off with accountability. Then when you earn trust with me, then I'll give you more taxes, not the other way around. First, you have to prove to me that you're now doing the right thing with the money. Then you come out and say, cool, you want to go to this? Listen, man, you've proven you do the right thing. Here's another 5 percent. Because the last 10 years, you've proved me wrong.
Starting point is 01:27:06 I don't trust you. But the last 10 years, look how responsible you've been with the money that you've had and we lowered it for you. Now you wanna bump a little bit more. Let's talk about it. I understand that. I agree with all of it,
Starting point is 01:27:17 but nobody should be worried about me, is my point. I'm not the person who's hurting. The person who's hurting is the person who makes 20K a year when they work full time, 30K a year when they work full time. So that's my main point. I'm not the person who's hurting. The person who's hurting is the person who makes 20k a year when they work full-time, 30k a year when they work full-time. So that's my main point. But that's what I said. Nobody should have fucking cared for the YouTuber who does phenomenally well for running his mouth for a living. No, but I also think I think you're living in a state that has shown they have zero responsibility what they do with the money. You're not living in a state that's doing a good job with the money. I lived in California for a long time, 20 some years. I lived in Texas five years and I came
Starting point is 01:27:48 to Florida two years ago. I've been here for two years. It's not even two years yet, right? It'll be two years in the James. Your birthday is going to be two years, okay? It's a happy birthday. Yeah. Thank you very much. So, but the point is, we came here. We were building our media company. I just sold my insurance company six months ago. So I'm sitting there saying, where do I move the media company to to I don't want to leave it in Dallas We looked at Greenwich, okay, we're gonna go to not great. It's not in New York We're gonna go to New York and then we looked at the new port new port beach because I'm from LA and I like to port beach And then we looked at Texas Nashville and in last minute Florida. Hey, let's take a look at Tampa and we looked at South Florida
Starting point is 01:28:23 I didn't go to I didn't go to New York because it was a shit show with the way they handle COVID, taxes. No matter how much taxes you give them, they keep raising it, California, top of the chain with taxes. You know, first time since 1851, California has lost net net with amount of people, they have their people leaving that place.
Starting point is 01:28:43 They don't trust California. Tennessee, I lived in Tennessee for two years. I don't want to go to, don't trust California. Tennessee, I lived in Tennessee for two years. I don't want to go to, when I was in the army, I was, I lived in Tennessee for a couple years. I love Tennessee, but I kind of wanted to have a little bit of the lifestyle with the money, and then I saw the Sanctus handle things in the state of Florida. I said, you know, it's a place to move down to because his policies earned the trust of me moving my family.
Starting point is 01:29:00 So, I have a question for you. Yeah. 2024, Trump versus DeSantis. Number one, what do you want to happen? Number two, what do you think will happen? It's a great conversation. We've had it many times. I don't think it's pretty. I think it's going to be ugly. I think it's, this is a part where I'm going to kind of agree with you on, give you something that you're going to be able to talk about. I think there could be a civil war on the Republican side. I don't think it will be pretty.
Starting point is 01:29:26 And I think if a desantis or a Trump is wise, specifically more on the desantis side, you have to do negotiations up front before 2024 comes around. Meaning my camp is sitting down with Trump's cam right now having conversations. To see if we can do anything here. Because if Trump comes out doing what Trump's cam right now, having conversations. To see if we can do anything here. Because if Trump comes out doing what Trump's gonna do, it's gonna be, you know how Bernie came out,
Starting point is 01:29:51 calling out, Biden, calling out, Warren, calling out all that stuff, but guess what Bernie did at the end of the day? He broke the back and he did. There's no way this is gonna happen. Who's the favorite right now between Trump and the Sanctus? The Sanctus. So you agree with me. I've been having this debate with happen. Who's the favorite right now between Trump and Desantis? The Santuses. So you agree with me.
Starting point is 01:30:05 Oh. I've been having this debate with people. Quite the Republican party. You think Desantis is the favorite? We got a disagreement. So you think Trump's favorite? Yeah, and the Republican primary. The Republican primary.
Starting point is 01:30:13 If we're talking Vegas odds, Vegas put Desantis at the top, then it's Biden, then it's Trump. No, no, and I'm saying in the Republican primary, Trump thinks it's a threat. I think it's a threat. You think it's a threat? I totally disagree now. Okay. I think Desantis is the favorite right now. Trump has. I hope you're right, Kyle. I think a's a summary. I think it's a summary. You think it's a summary. I totally disagree now. Okay.
Starting point is 01:30:25 I think DeSantis is the favorite right now. Trump has... I hope you're right, Kyle. I think a lot of people... What I said to you, I'm giving you Vegas odds. Yeah. I'm sorry. Trump is two DeSantis's one, three is Biden.
Starting point is 01:30:36 Trump is two DeSantis's one. And these are the odds that I trust. These are the polls that I trust. New, yeah. Vegas. Fourth, but I don't disagree with you. I'm telling you, not you, not Rasmussen, Quinnipiac Vegas. So let me give you, here's the problem with Trump electorally.
Starting point is 01:30:50 In the 2018 election, Republicans got hammered. He was the face of the party. In the midterm, you mean, or 2018? Yes, 2018. In the midterm. Yeah. In the 2020 election, Republicans got hammered. Trump was the top of the ticket.
Starting point is 01:31:01 Trump hasn't won since 2016, is what you're about to say. That is exactly right. And the other thing is the candidates who were most. Trump hasn't won since 2016, as well, you're about to say. That is exactly right. And the other thing is the candidates who were most tied to him, Doug Masteryano, Carrie Lake, all the ones that were the most Trump that he had won tonight have got public. They got hammered. And meanwhile, you look at a Republican like Kemp
Starting point is 01:31:16 in Georgia, who is not an election to Nyer. He won and he won comfortably. Okay. Larry Hogan in Maryland. So we're talking about, honestly, I think he lost a step. I think he lost more than one step Trump did. I mean, if you see him over on Truth Social now, he can't shut up about the 2020 election.
Starting point is 01:31:33 It's nonstop. They rigged it. They stole it. It's grievance 24-7. He's not talking about what he wants to do with the country. He's not going after the elites. He is the whiny elite. He said the other day, terminate the constitution on social media.
Starting point is 01:31:44 And all the Santos has to do is sit back and chill and let Trump self-destruct and by the way, he's plotted his way along brilliantly for a right-wing primary, because he did that thing the other day where it was like a round table event with a bunch of vaccine skeptical people, the right-wing base loved that. There was something else that he did which I'm blanket on at the moment, but he's been plotting his way around perfectly where he's not pro-Trump, he's not anti-Trump, he's just sort of Trump agnostic and doing his own thing. And a lot of people are leaving Trump
Starting point is 01:32:12 and going to the Santas. I think he's the favorite for the Republican vote. What I think you're saying is the magic he had in 2015, 2016 is gone. It's gone. I don't think anybody would disagree with you with that. Believe me, believe it or not, there are people. I've had this debate with Chris,
Starting point is 01:32:23 I've had this debate with Saga, and I love both of them, but they they've held strong to this day. Like no, he's still the don. Well, that's for 25% of the country and 40% of the Republican base. That's great. That that might win you a primary. That's not going to win you a general election. I'm sorry. How do you lose to a walking corpse like Joe Biden? Joe Biden is. You're that toxic of a candidate. Correct. but let me go back let me go back to the point I was trying to make to you so why did the santa's all of a sudden get you know he went from winning by thirty four thousand votes in twenty
Starting point is 01:32:53 eighteen barely winning by thirty four thousand votes to now one point five one point six million votes what did he do to become the best governor in all of America plus minus votes. That's a form of trust, including Miami-Dade County. What did he do to become the number one governor in America? Well, I would say, first and foremost, name recognition is huge. He's now the second biggest Republican name in the country behind Donald Trump. So I think that's a big part of it. But how do you get that, I think is what he's asking. Honestly, I think the media is not nearly as anti-decentess as they were anti-Trump. And he sort of gets,
Starting point is 01:33:28 not part of it. Credit, don't be a feast. No, I, well, I, but I disagree with him. So I'm not, I'm not trying to hide from it or whatever. I understand that he did things that some people like. I don't like the things that he did. For example, he's against raising the minimum wage, even though 60% of Florida voters
Starting point is 01:33:41 said they want to raise the minimum wage. He's against legalizing marijuana. He said it smells putrid, so it probably shouldn't be legalized. These are things I just disagree with. Now, where I will agree with you, there's politics and there's policy. On policy, I don't agree with him at all. On politics, I think he's a very good politician
Starting point is 01:33:56 and he's dangerous and he could get elected. Well, let me say this part. Okay, do you agree with the policies of New York? How they handle COVID? No, of course not. Okay, hold what I think is a complicated topic. I'm not on, so there's some people on the left who I would describe as authoritarian, where they said, hey, shut down the economy, you know, force you to wear a mask, force you to get a shot. I'm not part of the authoritarian. You're not. No, no, no, no, no, no, who would you say is in
Starting point is 01:34:20 that camp? A new son. I don't want to, oh, oh, you're talking about governors. Yeah. Yeah. Yeah. Newson was definitely, I mean, this is a guy who shut, even if he didn't allow outdoor eating, and then he was eating indoors at some restaurant. Yeah. So you're, you're, you're being reasonable in those areas.
Starting point is 01:34:34 No. Yeah, but I would call myself a COVID centrist in terms of what policies I would have taken. Like you took the vaccine, you probably went through some of the, okay, yeah. So, so for me, do you see yourself living in New York long term, like 20 years,, you've been New York? Well, I have family there. So I probably will always be around there because of
Starting point is 01:34:50 family, but if it wasn't for family, no, look, I mean, I'm the last lefty on the planet that loves Florida, but the reason I love Florida is the fucking weather. I am like the classic case of the seasonally depressed asshole. You know, you need to get in the sun, ASAP. But you know what's crazy about here? Like, here's what's crazy about here. You know how like in California or New York, if you're on Republican or you're conservative or you're a capitalist,
Starting point is 01:35:10 you may not want to brag about the fact that you are because it's a different climate that you have in New York and California. And if you go to Texas, certain parts of Texas, if you're on the left, I'm not talking Austin. I'm talking certain areas in Texas. If you go, you're like, hey, I'm a progressive on this. You probably don't want to brag about it. You know what Florida says? We don't care. If you're going to come here, work, make your money, do all this stuff. Come on down, man.
Starting point is 01:35:32 If you're going to be doing that hard. So, so going back to the question about policies and what they do with the money, the Santis earns the right to say, here's how much money we want to use to do XYZ. Are you guys up for it? I would entertain it because of how they've managed things and floored us so far. That's the part what I'm saying that if we're going back to, I think we need to do more money to be a Samsung, Medicare, and that, and I want to, why 45,000 people? Fine, no problem. First earn the right on what you've done with the other trillions of dollars with Givon
Starting point is 01:36:04 you, the US government. Now you fix that by getting half a rid of half of the people that all this wasted money. Now you can come back and say, guys, because we did such a good job with the last seven times we raised taxes on you, with your money you gave us, we would like to ask for the following.
Starting point is 01:36:18 Okay, let's have the conversation. It's like a budget meeting. You're the CMO. You come out and you say, guys, last year I asked for $7 million from my budget. Okay, yes. This year I went up to $12 million. I'm gonna say $12 million.
Starting point is 01:36:29 Kyle, what are you gonna do with it? Well, let me tell you what we do with the last $7 million. Last year when you guys gave me a budget of $7 million, here's how much we made. $600,000 was used for adsense, for ads on Facebook. That's $600,000 made us $4.2 million. The year before we spent $300,000,
Starting point is 01:36:44 we only made $600,000. Number two,000 made us $4.2 million. The year before we spent $300,000, we only made $600,000. Number two, we put an event with $2 million. That $2 million event made us $4.8 million. Last year we did million dollars at the event. We only made million, too. Da da da da da da. So my $7 million budget last year gave us,
Starting point is 01:36:57 I made you $22 million. That is why I'm asking for $12 million. And we say, you know what, Kyle? $12 million, you have $15 million. Because you've earned the trust to ask for more money. If American government was a CMO, they've done the opposite. We've given them the $7 million, and they've come back saying we need another $10 million.
Starting point is 01:37:16 Yeah, I mean, I take your point. I think it's a reasonable point. My only disagreement would be, when I look at the government, it's not just a modelist. There's so many different parts of the government that do different things and are responsible for different things.
Starting point is 01:37:27 And so if you tell me, hey, we're gonna take X amount of money and we're gonna put it directly into, say, Medicare or Social Security, or the some program that the children's health insurance program or whatever it was, which gives health insurance to kids. If you say, we're gonna allocate this exact amount of money to this, then I say, oh, definitely, I'll sign on the dotted line right now.
Starting point is 01:37:46 If you tell me, you know, it's gonna go towards some subsidy to some asshole who doesn't deserve to get that subsidy, then it's a totally different conversation I agree with you completely. So I just, I think it's a, you know, bureaucracy's complicated. In general, you know, bureaucracy can suck if it's not efficient, right? But certain parts of the government,
Starting point is 01:38:03 I like better than other parts of the government. Were you gonna say something? Well, I wanted to talk about a story that you brought up. I don't wanna shift gears though. I both wanna talk about a story that you brought up about this story. It's on page seven. You talked about two thirds of Americans are now living paycheck to paycheck, right?
Starting point is 01:38:18 You cited that. It's a recent story, right? How are we... It's always been pretty bad, yeah. That's my point. And that's kind of where I was going this. And I'll just kind of say, payments released is later survey showed that as of November,
Starting point is 01:38:30 as of November 63% of Americans consumers are living paycheck to paycheck, a 3% increase from the previous month, but roughly the same time is last year. So if you look at the headlines, it's like, holy shit, 2 thirds of Americans are living paycheck to paycheck. What's my point with bringing this up?
Starting point is 01:38:45 I've been in the finance space for 15 years. I've been a major advocate of personal finance and personal responsibility for five plus years. That's how I even got into the social media world, which now turned into business and entrepreneurship and everything that I do. But I've recognized that two thirds of Americans have been living paycheck to paycheck for decades. Right, yeah.
Starting point is 01:39:05 Okay, and where am I going with this? So personal responsibility, personal decisions, personal finance, and this is kind of revisiting like the conversation of like, well, if you make better decisions as a dad and do better than our friend over here, of course your kid should benefit from that. It's not everything is equal.
Starting point is 01:39:22 So I'll give you a little anecdotal story. I used to go do a lot of man on the street interviews. So during COVID in 2021, I would go down and interview all the spring breakers. And two people on the same street, shout out to the people on Ocean Drive down in South Beach that I interviewed back to back. I interviewed this girl and I was like,
Starting point is 01:39:43 what up? Did you get a stimulus check? She's like, oh yeah? How much? 1800? She goes, nope, I got 6400. I go 6400. What's up? EPP loan, right?
Starting point is 01:39:52 No, no, she had dependents. You get, you get, oh, 1800 bucks or whatever it was, 1600 bucks per dependent. Don't beat me up if it's 16 or 1800. I remember what it was. I didn't qualify. But, okay, I'm like, well, amazing. You got $6,400.
Starting point is 01:40:07 I said, how much did you spend on this trip to Southpeach? It goes 64 hundred. I was like, holy shit, you idiot. You spent all your money on this trip to Southpeach. All right, good luck out there, baby. Then I go interview another guy. I was like, what's up? How you doing?
Starting point is 01:40:21 He's like, spring break. I'm out here. I go, how much did you get for? First spring break. I'm sorry for your stimulus check. He's like 3200 right? I guess he's got a kid or a wife or whatever it was and I go how much did you spend on this trip because Thousand bucks I go, oh, would you do the rest of it? He goes, oh, I put a thousand bucks into my Roth IRA I put another thousand bucks into my savings and I use another thousand bucks to actually enjoy my life I go respect to you, bro. So these individual decisions that you make
Starting point is 01:40:49 have a major factor in what you do with life. Let's take that deeper. Let's say you're that exact same girl that's been 6,400 bucks, and that exact same guy only spent a thousand bucks in his vacation and pumped a lot of his money into his retirement account, do a savings account, God bless you.
Starting point is 01:41:03 Or maybe he paid off credit cards or maybe he's just saving up for for a down payment as long. Okay, so now say that that girl in her free time five hours a day. She knows every show on Netflix. She's watching Game of Thrones and Game of Thrones part two and House of Dragons. And the other guy is actually watching PBD podcast two hours a day and twice a week. And he's in proof and he's getting smarter and he's reading a book, or what he's just doing it. And the other girl, she's playing video games and she's doing that, whereas the other guy is working out and improving.
Starting point is 01:41:34 So I'm saying that you are a byproduct of the decisions that you make. So that girl who's spending all her money on a stimulus check to go out and party and watch Netflix and play video games, why should she have the exact same advantage or the exact same life or why her sugar kids have the exact same life as that dude who pumped his money into a Roth IRA into a 401 kid saved his money that worked out.
Starting point is 01:41:57 Why should their kids have the exact same starting point when we're all a byproduct of the decisions that our parents make? Okay. So the short answer is, you're not gonna create a government bureaucracy to comb through 175 million people to determine who you think is worthy and who you think is not worthy. When you do a relief program, generally speaking, there's gonna be broad relief.
Starting point is 01:42:15 In which case, yes, some people might be assholes, might be irresponsible, they get the money, and others may not be. No doubt, the government should give all the people the money, it's all good, but it's on the person to decide what you're gonna do with them. Well, look, I don't think anybody would disagree and it's all good, but it's on the person to decide what you're gonna do with them. Well, look, I don't think anybody would disagree with that.
Starting point is 01:42:26 And yeah, you can point at certain examples of individuals being assholes with their money, but I do think that misses the bigger picture. And here's why. There was a UBI study that came out of Stockton, California, the mayor over there, somehow got this pilot program started with universal basic income.
Starting point is 01:42:40 I think he gave $500 a month to people, and what they found is that in the overwhelming majority of cases, the money went towards necessities. And so I think that is more indicative of your average American. The best part of the COVID rescue plans, in my opinion, was the direct checks to individual people who were struggling.
Starting point is 01:42:59 The worst part was, for example, the billions of dollars that went to say the airlines, and there were things attached, there were strings attached, they said, look, you can't fire people if we're going to give you this money, because they were afraid these airlines are going to take the money then fire everybody, and guess what they did? They gave people early retirement, which was basically firing them anyway, and then here we are today where they're still understaffed, and we can't be people. If I may, I don't want to interject.
Starting point is 01:43:24 Colorado, right? I don't want to interject. Colorado, really? I don't want to get caught up in the fact that these were government handouts, government bailouts. Let's just use a different example. We both make $10,000 as a bonus at the end of the year. We work for the exact same job. I spend my money and max out my 401k
Starting point is 01:43:38 and pay off my credit card bills and save some money. Yeah, that's possible. Okay, you go spend half of it at the club, go to South Beach, spending it, parting it at 11 in South Beach, big club and you spend money on strippers and cocaine and have the time of your life.
Starting point is 01:43:52 God bless you. You invite me next time. However, to say that those people, their kids or the byproduct of their family should have the exact same situation, I have a major problem with because you have the ability to make the decisions.
Starting point is 01:44:07 This isn't government handouts. You both got a $10,000 bonus. At a curiosity, do you think the kids, the kid that happens to have asshole parents? So you think there should be some sort of punishment associated with that? What do you mean asshole parents? Let me ask parents to make better decisions.
Starting point is 01:44:22 The one who is irresponsible. No, they'd better financial decisions. No, no, no, I'm not, the one who is irresponsible. No, they'd better financial decisions. No, no, no, I'm not, no. I'm saying the person who was irresponsible, the parents who partied on South Beach or whatever, and they have their kid. And that kid is behind the eight ball obviously, because they don't have the most
Starting point is 01:44:34 responsible parents in the world. Correct. So where's the disconnect here? Do you think that kid shouldn't have health care, shouldn't have education? Like what do you think they shouldn't have? I'm just saying that you want to give free health care, free college, and make sure these kids don't have credit card debt.
Starting point is 01:44:47 No, no, I don't want to make credit card debt. No, no, saying credit card debt is hot. Well, of course, but a lot of that is because the parenting didn't teach the kids the right way. Okay, so like, I don't think that we should just, by the way, the student loan thing, I signed, whether that's right or wrong, I signed up for my student loans when I was 18. I took out 25 grand in student loans. That's on me. No, it's not.
Starting point is 01:45:11 I think that's a bullshit system, and I think you were hoodwinked whether or not you realize it. I think in the same way, look, I went to public high school. I paid zero dollars and zero cents out of my own pocket. It was paid for by the taxes of the community. All I'm saying is it should apply to college like that too. There are people who start out and they're in major, major debt because they're like,
Starting point is 01:45:29 I want to improve my life and it's like, well great. Now give me $100,000. Yeah, but at what point, like we also what happened was Sam Bankman freed and everything that he did and his mother pend of some article about, I don't believe in personal responsibility. So I think kind of like the whole premise of America
Starting point is 01:45:47 is that you're an individual. You can do whatever you want in your life. And say this all the time. There's a major difference between being poor and broke. Poor, you live in a poor shit hole country in some year in Honduras, whatever, you can't make your money. Broke in America, you make 50 grand a year
Starting point is 01:46:03 and somehow you can't get by. That to me doesn't add up, because I live in South Beach. I see the decisions people make on the weekends. They spent $300 at a bar tab but they should have fucking stayed in that night. And that person ends up paycheck to paycheck complaining about inflation,
Starting point is 01:46:18 whereas that is money that they should probably have just saved. But they want to do things that their friends are doing and they want to keep up with the Joneses. My question for you is very simple. I think we're having two separate conversations. Do you have any systemic critiques, or does it always come back to the individual? The systemic critiques are fair, meaning,
Starting point is 01:46:35 I think we all agree that the system is messed up, but if you think that at the end of the day, what's easier to fix? The system with a $30 trillion GDP or your life based on 50 grand. And if your life based on 50 grand is the easier thing to fix, that's where you should start. Okay, so like the wailing against the system
Starting point is 01:46:56 and like the victim mentality and like, oh my God, life's so tough. That's the straw man. That's the straw man. But there are a lot of people that say, you have no idea how many conversations I have with people. My fucking boss is an asshole, life sucks. They don't pay me enough.
Starting point is 01:47:09 It's like, you make 50 grand. I see what you're doing on the weekends, buddy. Okay, you could have stayed in Saturday night, but don't you think that you respect you once at the club? Is that a strong man of working people? But every working person is just some asshole who fucks off and gets drunk every week. That's not what I'm saying.
Starting point is 01:47:23 People who are busting their ass and just not able to pay the bills. But my main disagreeing whole of my ass hold at their job. What are they doing? My free time. My main disagreement is that I submit to you, people cannot just bootstrap their way out of this. If the system is rigged, I think it's rigged.
Starting point is 01:47:39 What say you? I think there's a lot of things within the system that can be improved. Okay, that's great. But if you want to, but if you want to wait for the system to improve itself and fix your life, go for it, buddy. Good luck. I think I'd rather start with myself. And in year one, get out of debt, year two, save some money, year three,
Starting point is 01:47:59 start investing, and do something about it, rather than wait four years for Bernie to try to figure it out. First of all, I'd rather take the words. No, I'm giving a hypothetical, but I would rather look in the mirror and say, I gotta do some things in my life than wait for the government or Kyle or the system to have it figured out. That's just my opinion.
Starting point is 01:48:16 The problem here is, I don't think anybody disagrees with what you're saying. When you talk about like, hey, do the best you can, work really hard, pick a passion, give your all to it, learn, expand your horizons. If you say those things, then I say, and I think any reasonable person would say 100% on board.
Starting point is 01:48:35 But I think the problem is when if somebody comes along and has a separate conversation, critiquing the system because they say it's rigged, it's not fair. And then you invoke the individualistic argument again, in a sense to kind of cock block the conversation about the systemic critiques, then I think it becomes a problem,
Starting point is 01:48:51 because then the assumption is, the implication is, if you just bootstrap your way out of it, you're gonna get out of it. And my whole point is, I don't think that's possible. I think there are tens of millions of people who are part of this working poor group who did nothing wrong on their own and the system just fucked them.
Starting point is 01:49:08 One of them, let me give you one story. When I was in high school, the hardest working guy I knew, his name was Kevin, okay. He rented a shitty little apartment and he worked two or sometimes even three jobs was going nonstop and the guy was living at or below the poverty line. I look at that guy and I say, huh. What can he do to change this situation to be better off? And the answer is honestly,
Starting point is 01:49:30 not much. The problem is the jobs he's working have shit pay. And my submit to you, yes, there should be rules around that. This dude should be able to live a decent life, especially since he's such a hard worker, he's such a good person, he should be able to live a decent life. Now, in terms of the irresponsible people, I agree. If you want to have a hard worker, he's such a good person, he should be able to live a decent life. Now in terms of the irresponsible people, I agree, if you wanna have a conversation about how there's a bunch of douche bags on South Beach, believe me, I know. Yeah, the conversation that I think we're talking about,
Starting point is 01:49:53 so that's used, that's be very clear, what did Kevin do for work? Oh, geez, he was a delivery driver, one of his jobs was delivery driver. So he would spend, you know, from probably five o'clock at night until 10 o'clock at night until 10 o'clock at night, he'd be delivering pizza. Great. What was his next day? He did some landscaping stuff in the morning. Now, how did Kevin, do you want to high school with you? Yes. Did
Starting point is 01:50:13 he graduate high school? I don't know if he ended up graduating. He'd even fucking graduate high school. Okay. So Kevin was a screw up. But what if I told you his parents died and so he had to pay the bills to look after his siblings? Then would your calculation change? He needs to earn money right now so he goes to do something to earn money right now. Okay, I'm just saying that graduating, okay, that's great.
Starting point is 01:50:32 I feel horribly for Kevin. But the reality is, and everyone has a top store. We can go down the line here. Well, the guy that graduated high school, his parents died, but his parents were disabled, but he still figured it out. Oh, this person was black in all white school we can go down the slippery slope of like all this person had worse than me but we're focusing on kevin
Starting point is 01:50:52 the problem that i have is yes they're hardworking people i've gone down to rallies the fight for fifteen rally in downtown Miami with my one of my best friends Harris Haitian kid works as a soft and i'm seeing the people that are fighting for fifteen they're immigrants they bear speak english they don't have anything going on Haitian kid who works as asoff and I'm seeing the people that are fighting for 15. They are immigrants. They bear Speak English. They don't have anything going on. They're working two jobs. I feel for these people, but what we are And agreement on is that during that their their time of work making that those deliveries respect they're working our Ass off. My question is what are you doing with your spare time? We all get 24 hours in a day. My inkling, my inkling is those people
Starting point is 01:51:27 who are still continually living paycheck to paycheck, having two jobs can't figure it out. They're not putting in the work outside of work. We're all, we're gonna fully, fundamentally agree on Kevin, the delivery driver. It's tough out there as a delivery driver. No doubt. But my question is when Kevin goes home,
Starting point is 01:51:44 is he putting on Netflix or is he watching videos that will improve his life? I think most people would rather put on Netflix. And I think to Pat's credit, what Pat is basically saying is when he was working at Bally's and his boss is saying, hey, he went above and beyond. You can be like me and make 80 grand a year.
Starting point is 01:52:00 Just do this. He's like, dude, I want to do more. I want to do more and I'm going to read books and I'm going to improve. But it's outside of the working hours. That's really what it comes down to for me. Those people that are fighting for 15, I'm wondering what they're doing outside working hours.
Starting point is 01:52:15 Yeah, I mean, well look, I mean, I think, I believe in a good beer, a football game or an NBA game or something, like I want people to have that leisure time that really. Every single Sunday though. I mean, if you work full time, yes. If you work full time, I think you should be able
Starting point is 01:52:32 to live on that wage. Yes. That's not how life works, don't. I know, I want to make it that way. That's why we're talking, that's why we're arguing. Yeah, but it's not, no, I, and by the way, first of all, I gotta tell you, I didn't know if I was gonna like you or not.
Starting point is 01:52:44 I'm being very honest with you. I can't tell how much I like you. Like, I can't wait to have you back on again. And I'm being very sincere with you. I'm like, I can't wait to have you back on next year and multiple times. But feeling beautiful, by the way, I was very excited to come in here knowing that we don't fully agree. Yeah, I find that interesting. But, but, but, but there, there is your true believer. And that's an easy conversation to have. But to go back and talk about, like I would like to see everybody able to take a Sunday off, it's just not reasonable or logical
Starting point is 01:53:11 for the following reasons. Let me explain why. Let me explain why. I'll go further when you're down. So you know, like, when people get married and they, we have this idea of what marriage is like. And they get married like, oh wow,
Starting point is 01:53:27 I didn't know these 73 different things. This idea about having kids, let me tell you, 90% of having kids is very difficult and annoying, 90% of having kids. So it's to say, you know what, I would like every mother, new mother that had a baby to have their Sundays off
Starting point is 01:53:42 to do what, yeah, that's not logical, that's not reasonable. Yeah, I would love every startup person that's starting a baby to have their Sundays off to do what a yeah, that's not logical. It's unreasonable. Yeah, I would love every startup person that's starting a business to have their Sunday set themselves. Not logical, not reasonable. I would like every soldier that's deployed in Iraq or you know, I would like to have them. It's not like the war doesn't happen on Monday through Saturday. It's not like an international law. We only fight wars Monday through Saturday. No, I would love for NBA players to have Sundays off. No, they're going to play on Sundays. Hey, I would love these NFL players to have Sundays off to
Starting point is 01:54:07 themselves. Now, it's not reasonable. I would love these, you know, people who are going to church and pastors, I want them to have Sundays off. No, no, that's your work. So the point, the point being anything big, anything worthy, anything that you're going to be very, very proud of is going to come with a timeline of you not having a life. Okay? Having a kid, you don't have a life. When you're in a military deployed, you don't have a life. When you're running to get your MBA, you don't have a life.
Starting point is 01:54:39 When you're running to be a bodybuilder, you're running a guy, how to shop on just one Mr. Olympia, you're not going to have a life. When Ali was getting ready for fight, 90 daysia, you're not gonna have a life when Ali was getting ready for fight, 90 days before fight, you don't have a life. So almost the biggest, most incredible rewarding things that we go through come with a few years of not having a life. So I get what you're saying,
Starting point is 01:54:58 where eventually a person ought to have the right to be able to da-da-da-da-da-da-da-da, for sure I'm with it. But to say, I want everybody to have a day, I, it's like saying, dude, your dream is gonna be this demanding. Do you wanna do that? It's gonna take two years of you not watching any Netflix, any shows.
Starting point is 01:55:15 Are you willing to go through that? I'm not. Then don't, don't bitch about it. Because you can add to that. Can I add to that? And then I, and then I, and then you want to respond to that. Yeah, I want to hear what he else is. 100%.
Starting point is 01:55:24 Well, I so much agree with this. I was having a conversation with a girl yesterday. She goes, so, so what do you do for work? I'm like, well, she's like, is the value taming what you do? I go, no, I have a financial firm that I run. And that's where I make all the majority of my money. And I do the value taming thing on the side, which is now turning into a full on career at this point, right?
Starting point is 01:55:44 But it didn't start out that way. It started off as a little side hustle interviewing people. She goes, well, where do you find the time to do two careers? I go, well, if you care that much, there's a lot of things I had to eliminate. I don't watch football on Sundays anymore. I don't have a TV anymore. I don't watch Netflix anymore. I don't really go out and party all that much anymore, except for occasionally.
Starting point is 01:56:04 But because of what I value so much of what we're doing here at Value Tainment, I'm like, fuck it, it's worth another 40 hours of week and doing this and toggling between two things, because I believe in that so much. But that's because that's something that I believe in that I wanna do. Again, personal responsibility,
Starting point is 01:56:21 not to put your stuff out there. We talked about this beginning, You're getting married, right? It's a crystal. Congratulations. You found love. That's amazing. She has three kids. You're about to be a stepfather, three kids.
Starting point is 01:56:31 So God forbid something happens with one of the kids. God forbid. Now, I hope it doesn't. Okay. All right, Sunday. Or God forbid that you guys end up kind of live in paycheck to paycheck, because you got to put three kids through private school, but it's worth it. Is anybody, should anybody feel bad for you
Starting point is 01:56:47 that you don't have more money than you possibly could because you're marrying somebody with three kids? You signed up for this as my point. Yeah. And that's great. And that's awesome. I wish you the most amazing life ever. But for me, I'm saying, I don't know.
Starting point is 01:57:01 If times get tough, it's because you kind of signed up to having three kids, and that's your decision. I respect that versus the person that's like, you know what, I'm not marrying somebody with no kids. I don't want the responsibility. I'm gonna start my own family, start wants, but you made those decisions. And that's what I love about America
Starting point is 01:57:16 is you get to pick the life that you want and carve out what you want from life. So let me respond to all that. Yeah, of course. First of all, if people want to choose to go further to do something that's full time or beyond full time, you want to choose to have a family, you want to choose to be a soldier, you want to choose to be in the NFL, which means you're going to have to work on Sunday. Obviously, I'm 100% degree with all that. You're talking to a guy who, when I first started,
Starting point is 01:57:39 I literally worked shit from 10 a.m. in the morning to like 2 a.m. at night, six days a week, every day. Okay. Yes. So now, look. Gradually, though. Now, here's the difference. So that was a choice on my part to try to go after this. I think the disconnect here is there was a poll that came out years ago, which found I think
Starting point is 01:58:00 the number was 18% of Americans feel, quote unquote, engaged at work. So in other words, only about 18% of Americans like their job. What do you do in a system where the majority of the jobs are jobs? People don't really want to do, don't like doing, but we need these jobs in order for society to function. And that's where the conversation we were having before comes in. What should the norm be for the way we structure our economy? Should people have to work?
Starting point is 01:58:25 For example, before unions came around, people would work six days a week, seven days a week, and then eventually we earned the right, hey, we're only gonna work five days a week, and that became the default, that became the norm. So again, if you wanna choose to do something, by all means, go right ahead, I chose to work more than just five days a week.
Starting point is 01:58:41 But before I said I was gonna go further, he'll go one step further, I think the norm should be a four day work week. And there's said I was gonna go further, he all go one step further, I think the norm should be a four day work week. And there's been a number of pilot studies on this where you have people work four days a week and they're doing one in the UK, they're doing a bunch of different places.
Starting point is 01:58:57 Now, Portuguese too. And so the productivity in these companies, many of them stayed the same and some of them the productivity even went up because it turns out when you focus on something for maybe a shorter amount of time but you give your all to it in that shorter amount of time, it's better than just sort of doing it nonstop
Starting point is 01:59:15 without the leisure time to sort of recharge your batteries. I've seen a lot of those studies. I think a lot of them do have validity. Yeah. I mean, so point is like you didn't just pull that out of your ass. I've seen a lot of them. Yeah, yeah. So anyway, if people want to choose to go further 100% on favor in board on board with that
Starting point is 01:59:28 But I would also say I think the default should be a four-day work week And I think again I don't think it's a controversial statement I think most people agree in fact I think you guys in your heart of hearts probably agree with this if you work full-time You should make enough money to survive that's not too much I'm not saying everybody a Mazerati and two million dollars if you put in the bare minimum That's fucking crazy what I'm saying is if you work full-time you should make it on moneyorati and $2 million if you put in the bare minimum, that's fucking crazy. What I'm saying is, if you work full time,
Starting point is 01:59:45 you shouldn't make it on money to start. And I fully agree with you. And then the four day work week, there's a lot of people that are doing that. A lot of companies are starting to do that remote, not remote, but there's some people out there that you're like, take your four day work, you can shove it up, you're asking.
Starting point is 01:59:55 I don't want to work six, seven days a week. And I want to build something. Work till you end up, no problem. And those people, when they end up making a million dollars, a 10 million dollars, or a10 million or $100 million, they shouldn't have to pay the price or pay more than the person who's like, look, just do my four days and I'm out. Like, can you repeat that?
Starting point is 02:00:12 I'm saying those people who choose to sacrifice and work seven days a week, even though the bare minimum is four days, those people shouldn't have to pay more in taxes or have to feel the brunt of society or their kids have to bear the responsibility of that. Yeah, because they chose to live a more, they wanted to have a bigger life. Yeah, well, I mean, our core discrepancy there is gonna be, I believe in a progressive tax system. I don't know, do you believe in a flat tax too?
Starting point is 02:00:35 Is that your idea? I think that's a good idea. Okay, I think the tax code at the end of the day is so freaking complicated. Anything you could do to simplify that would be ideal. That we totally agree, I would get rid of every single loophole deduction, make that actual rate on paper, make the nominal rate and the effective rate be exact same. I don't like this thing where it's like your nominal rate is this, but after we factor in
Starting point is 02:00:54 all these 47 things, it's still complicated. It's still complicated. Keep it simple. You can play with the kiss principle. Yes. Keep it simple. 100% and that's exactly what the tax code is. Let's get, we're about to wrap up here to finish up the podcast.
Starting point is 02:01:05 This has been great. Yeah, what you just said right there when you're saying, you know, the four day, you know, throwing that part in there, some people are already doing this. Nothing new. That's been going on for quite a few years. And even what social media has allowed people to do is to make the four hour work day more realistic. I think Tim Ferriss wrote a book about it called the four hour.
Starting point is 02:01:24 Four hour work. I never read that. Did you ever read that? I never read it. It's not what I subscribe to, but there are people that like that, and there are people that enjoy that lifestyle. For me, here's how I allotted when I sit down and typically look at what a person, let's just say you do it for our work, for a four day work week. What are you going to do with the other three days? What does the average person do with the additional three days? You know, the average person do with the additional three days? You know what the average person, you know how much social media consumption is up
Starting point is 02:01:50 or TV consumption or doing nothing with your life is up. For me, I want to know what the best looks like for XYZ, whoever it is, for John, for Mary, for Jack. I wanna see that. Now, do they wanna see that or not? That's a choice that they have to make. It's not my option to force it down their throat. Go give your best to see what your best looks like.
Starting point is 02:02:09 I don't give a shit about that. No problem, enjoy your life. But if you're not happy with the money you make, just figure out where to increase your market value. There's many different ways to make a living today in America, especially with these technology companies that we have so many different ways to make money. Anyways, Kyle.
Starting point is 02:02:25 Can I give one more? Yeah, go for it. Because I think you guys will actually, we'll end on a point of, I think, giant agreement, which is, so, you know, my job, I talk about politics, economics, news, give my opinion on it and everything. But I do have a personal life philosophy that I abide by in my own life
Starting point is 02:02:41 and I would recommend if, you know, if people like it, they give it a shot too. I call it passionism, which is very similar to what you just described, which is, I think you get the most happiness and meaning and joy out of life. If you have a thing that you like and you give your all to it, and you leave it all out there on the field,
Starting point is 02:03:01 and whatever that thing is, I don't care what it is. If you wanna build fucking, you know, toy sailboats by all means go ahead, you wanna give your all to a sport, by all means go ahead. If it's a particular profession that you enjoy, by all means go ahead. But find something that makes you happy, almost like innately, where you get excited
Starting point is 02:03:17 when you hear about it for whatever reason, you did it when you were a kid or you came to like when you were older. Give your all to it, leave everything on the field, and then you'll be surprised what can happen and where that could take you. I mean, there's no promises. It's one of the reasons why I like the idea
Starting point is 02:03:31 of a four day work week, because some people, they just don't make money off of the thing that they love. That's the unfortunate reality of the world that we live in. So for those people, I want to give them enough time to expand their leisure, enjoy their time, do something they love, even if it's not their main economic pursuit in life.
Starting point is 02:03:45 But just give it your all and see where it takes you. And I guarantee you at the end of the day, you'll be happier because with passionism, it's more about the process than it is the end goal. It's not about like, okay, if I do X, Y, and Z, I'll get the million dollars or I'll get the women or I'll get what, no, no. The whole point of it is the beauty is in the process of it.
Starting point is 02:04:03 If you love something, you give your all to it, you don't stop, you'll be a much happier person, just by going down that path. Fully. I get what you're saying. For me, I subscribe to the 420 rule, and I don't mean by smoking,
Starting point is 02:04:18 we'd ever get 420, although that sounds pretty cool for many. First 20 years, don't screw it up, man. Just learn a little bit about life. Second 20 years, make your money. And really go make your money. Third 20 years, use that money to invest into your passions. And then the last 20 years, go figure out where to go,
Starting point is 02:04:35 contribute back to society, whether it's gonna be charity, politics, service, whatever it is, education, but make your money. Sometimes when you, I chase my passion part-time, I chase, retire my dad at a 99 cents store full time. I didn't grow up saying, I'm gonna go sell life insurance for the rest of my life. I did that because I saw that as a vehicle
Starting point is 02:04:55 to allow my dad to no longer have to work because he worked at a 99 cents store for a long time. Sight, you know, pursued my passion on stop, of course. But sometimes the concept with passion alone, it distracts you from doing things that we only have to do because we like it. Listen, a lot of things I've done in my life, I did not like, that has allowed me to do the things I'm doing now that I love and like a lot. But there's gonna be a phase that you're gonna go through that you're not even
Starting point is 02:05:24 with kids, like, I love having a conversation, I'm there's gonna be a phase that you're gonna go through that you're not even with kids. Like, I love having a conversation. I'm having with my 10-year-old son. I love the conversations today. I love the conversation with my nine-year-old son. It's an incredible conversation today. There's a lot of times that I didn't enjoy what I was doing as a father.
Starting point is 02:05:37 It was a very annoying thing that I was going through. Anyways, Kyle, this has been a blast. Adam, I enjoyed you guys also having a banter together. It was purely class out of everybody that was here. I had a great time. We can't wait to have you back on again. Appreciate your philosophy. Appreciate you coming out here and giving your ideas to it,
Starting point is 02:05:53 guys, if you enjoyed it, give it a sub to the channel. Also, Rob, can we put a link to his channel as well? Both in the chat and in the description, for them to go find this kind of, he's got a lot of different things, opinions on a lot of different things he talks about If you didn't catch it He's also got a sense of humor. He's a funny witty sarcastic guy, which is my kind of a humor that I like
Starting point is 02:06:12 But Kyle appreciate you for coming out guys. It was a blast. Yes. I think we're doing podcast Again tomorrow. No, we're doing tomorrow home team Zener is gonna be here and Sam sorboh. I think yes You give me a weird look. That's just his face. Okay, well figured out, well figured out what's gonna happen. Anyway, we're doing a podcast tomorrow. We got like 60 topics to go through tomorrow on it. Take care everybody, bye bye bye bye bye.

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