PBD Podcast - Kyle Kulinski | PBD Podcast | Ep. 219
Episode Date: December 29, 2022In 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)
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,
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.
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.
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.
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.
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.
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
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.
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.
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,
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?
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.
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.
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
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?
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?
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
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,
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,
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.
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.
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
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?
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
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
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,
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.
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?
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
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.
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
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.
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
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.
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
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,
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.
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.
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.
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.
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.
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
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
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
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
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,
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
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
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.
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.
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.
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,
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.
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.
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.
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
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
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.
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.
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
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?
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,
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
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
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.
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.
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
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
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.
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,
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.
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.
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,
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.
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
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.
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.
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.
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
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
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.
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.
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.
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.
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%.
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
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.
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
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,
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.
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.
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.
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,
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,
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.
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?
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.
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?
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.
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,
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.
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
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.
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
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.
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.
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.
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,
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
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.
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.
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
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.
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,
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.
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.
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.
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
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?
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
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
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
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
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.
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
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.
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
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
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
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.
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,
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
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
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.
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
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?
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
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.
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,
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.
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
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.
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?
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,
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,
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,
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.
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?
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,
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,
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.
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
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?
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,
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
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.
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?
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?
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.
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.
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,
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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
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,
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
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.
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.
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.
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
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.
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.
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
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.
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.
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?
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,
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?
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.
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.
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,
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,
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.
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.
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.
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.
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,
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?
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.
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?
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
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.
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.
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
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.
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,
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.
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.
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
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.
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,
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.
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
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
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?
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,
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,
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,
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,
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.
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,
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
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.
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.
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
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.
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.
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
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,
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
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.
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.
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.
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
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.
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
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.
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
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
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,
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
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.
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
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
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
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
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.
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
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
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
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.
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.
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%.
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.
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.
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.
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?
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
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
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.
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.
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.
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,
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.
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.
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
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.
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.
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,
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
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
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.
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.
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.
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,
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.
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.
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.
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.
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.
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.
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
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.
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.
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
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,
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
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,
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
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
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
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.
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
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,
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.
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
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.
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.
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,
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,
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.
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.
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.
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,
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?
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,
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?
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.
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.
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,
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?
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.
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?
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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
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.
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.
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,
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
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
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,
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,
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
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.
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.
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.
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,
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.
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.
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,
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.
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,
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,
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
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.
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
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
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,
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.
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.
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
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.
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
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,
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
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
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.
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,
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.
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%.
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?
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.
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,
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.
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
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.
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
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,
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
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?
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.
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.
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
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
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,
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.
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?
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?
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
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.
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.
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
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.
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.
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
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,
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
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
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.
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.
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,
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,
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
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
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.
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,
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
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.