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Episode 1651 - The Billionaire Theory · Drinkin‘ Bros Podcast

0:00
[SPEAKER_03]: Welcome to Drinking Throoooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
0:26
[SPEAKER_03]: And you're almost died out there.
0:27
[SPEAKER_03]: There's no mics, but we'll get into it next week.
0:30
[SPEAKER_05]: Yeah.
0:32
[SPEAKER_03]: Look, we told you the job was dangerous, okay?
0:35
[SPEAKER_03]: We just didn't think it would be on the road more from Dan and just flat out, rage in no one day and just kind of nuke in everybody.
0:43
[SPEAKER_03]: But you made it.
0:44
[SPEAKER_03]: Thank you very much.
0:45
[SPEAKER_03]: And thank you to the drinking bros last night that helped us out.
0:49
[SPEAKER_03]: So we gave him drinking bros the week last night and also Jamie bought him some pizza offer to money.
0:57
[SPEAKER_03]: They said no, Anthony, instead of talking to my face time for about 20 minutes last night They're going to come into the studio and they want them dropped off a copy of their book He says, hey, just read the book.
1:06
[SPEAKER_03]: That's all I'm asking a set up.
1:07
[SPEAKER_03]: We'll do it now.
1:08
[SPEAKER_03]: Well, he dropped they dropped off war the copy of a book Really?
1:11
[SPEAKER_05]: They dropped off a telescopic dodo stop it.
1:15
[SPEAKER_05]: Yeah I don't even know what the fuck that is or where you would find something like that Very old
1:24
[SPEAKER_03]: Oh, he made it.
1:25
[SPEAKER_03]: He made it.
1:26
[SPEAKER_03]: Yeah, I know it's 3D said he made something in 3D, but it goes I want to surprise you I don't want to show you on FaceTime and I was like, oh, cool.
1:33
[SPEAKER_03]: You sent me pictures of it.
1:34
[SPEAKER_03]: It's Larry.
1:35
[SPEAKER_03]: Oh, God.
1:35
[SPEAKER_03]: I can't wait to see it.
1:36
[SPEAKER_03]: I can wait to see it.
1:37
[SPEAKER_03]: We'll be over there this afternoon.
1:38
[SPEAKER_03]: We're setting up.
1:39
[SPEAKER_03]: I'm getting ready to go to the new studios.
1:42
[SPEAKER_03]: But Anthony, we're going to start with with Thomas Massey here.
1:46
[SPEAKER_03]: You and I were chatting about this before the show.
1:49
[SPEAKER_03]: Whenever you take a big swing like this, it's nice to hit the ball and not whiff on that.
1:54
[SPEAKER_03]: I was unaware, looking at the numbers last night as I was watching all the channels, CNN, CNBC, all that other stuff, Fox News, that Massey had won that district, 81 to 19 in 2020.
2:09
[SPEAKER_05]: I'm the general.
2:10
[SPEAKER_05]: Yeah, deep red.
2:11
[SPEAKER_05]: Yeah.
2:11
[SPEAKER_05]: And then nobody's been running against a really in primary so.
2:15
[SPEAKER_03]: Yeah, that's a crazy stat though to me and a lot of people, well, not a lot.
2:22
[SPEAKER_03]: It was a few Scott Jennings was one of them on CNN.
2:25
[SPEAKER_03]: I'll try to watch everything to keep it even and see who's saying what he pretty much said the same thing we did.
2:33
[SPEAKER_03]: If you look at his voting history, it just kept going down, down, down, down, down, down, against Trump's policies.
2:39
[SPEAKER_03]: And it was the exact number of the youth said 71%
2:43
[SPEAKER_03]: Um, that he was voting with Republicans on and that started off at 98, you know, over the years dropped down to 71, it was a woman on the panel name.
2:51
[SPEAKER_03]: I want to say fair, Abrams or something like that.
2:55
[SPEAKER_03]: That might also be the point start, not not a real clear.
2:59
[SPEAKER_03]: uh... cuts choice on that one uh... because she looks like one but with that's um... she said let's face it's uh... he got voted out because he was standing up for absteen now this was a democratic talking point for a while used to be republican talking point and they became a democratic talking points um... i don't believe in any of that but uh... do you no no i don't need it um... i just believe that's
3:25
[SPEAKER_03]: people had had enough, he was against the agenda, and sorry, man, you're out of there.
3:29
[SPEAKER_03]: And it's been going on, like you said yesterday, Indiana, Louisiana, Kentucky, Texas, we'll see what happens with corn and down there in Pakistan, but CNN seems shocked last night that he had this much power.
3:45
[SPEAKER_03]: I mean, they were just flabbergasted.
3:47
[SPEAKER_05]: Yeah, yeah, Trump is the most powerful political figure of our lifetime in all the world.
3:57
[SPEAKER_05]: Yeah, I agree, I can't name one that's stronger than him to be able to swing in on us.
4:02
[SPEAKER_05]: And this is by the way exactly what the president should do.
4:05
[SPEAKER_05]: If you're in an 80 to 19 district,
4:12
[SPEAKER_05]: and you're a Republican.
4:14
[SPEAKER_05]: And you're not voting with everything the Republicans want to get done.
4:18
[SPEAKER_05]: Then you got to go.
4:19
[SPEAKER_05]: Yep.
4:19
[SPEAKER_05]: Right.
4:20
[SPEAKER_05]: Join a different party or whatever the fuck you want to do.
4:22
[SPEAKER_05]: Maybe Massey comes back as an independent at some point.
4:24
[SPEAKER_05]: I mean, not in that district.
4:26
[SPEAKER_05]: They just repudiated him and everything he believes in.
4:29
[SPEAKER_05]: But
4:30
[SPEAKER_05]: Um, yeah, it's like that's what, that's precisely what the president should be doing is weeding out people who are not on the team.
4:40
[SPEAKER_02]: Mm-hmm.
4:40
[SPEAKER_05]: You know what I mean?
4:42
[SPEAKER_05]: I, it's, we're in a precarious situation right now where we got, you know, a couple of years to get some stuff done and things could go sideways again.
4:49
[SPEAKER_03]: Yeah, no, I agree.
4:51
[SPEAKER_03]: Look, I just sent you his concession speech there.
4:53
[SPEAKER_03]: If you could play that, it's the last clip.
4:56
[SPEAKER_03]: Apologies on that.
4:57
[SPEAKER_03]: I know I'd sent you some other clips earlier, but play this concessions speech here, because this was super interesting to me last night.
5:07
[SPEAKER_06]: Those SOBs and Washington tried to buy my vote.
5:10
[SPEAKER_06]: Yeah.
5:10
[SPEAKER_06]: They couldn't buy it.
5:11
[SPEAKER_06]: Yeah.
5:13
[UNKNOWN]: Yeah.
5:13
[UNKNOWN]: Oh, my God, my God, my God.
5:18
[SPEAKER_06]: Why did this, why did the race get so expensive because they decided to buy the seat?
5:25
[SPEAKER_06]: And it got really expensive for them.
5:29
[SPEAKER_06]: Look.
5:31
[SPEAKER_06]: They used a lot of dirty tricks, but we stayed the course for 14 years.
5:37
[SPEAKER_03]: So what he said was, look, they tried to buy my votes, they could not, instead they bought the seat.
5:43
[SPEAKER_03]: And then he said, I tried to call and concede, and I'm sorry for my late concession speech, but I had to get a hold of my opponent in Tel Aviv, which
5:53
[SPEAKER_03]: Obviously is a nod to the APAC funding and all that other ship, but as we discussed yesterday, Massey's taking the same funding.
5:59
[SPEAKER_05]: Well, not the same.
6:00
[SPEAKER_05]: He didn't take any money from APAC.
6:01
[SPEAKER_05]: He took money from Jeff Yaz, who is the primary finance year of an organ that I think tank, who supports the greater Israel project, which is to expand Israel all the way into Jordan, Iran, etc., right?
6:14
[SPEAKER_05]: So of the two organizations, APAC,
6:18
[SPEAKER_05]: or this uh... god what is the name of that group i i said on the show yesterday um... uh... the colette policy form that is funded by jeffios uh... the colette pop policy form is way more Zionist
6:36
[SPEAKER_05]: Then anything Ed Gaul Rain is done ever.
6:38
[SPEAKER_05]: Also Ed is a sealed team six operator and is done more for this country than fucking Thomas Massey.
6:46
[SPEAKER_05]: Okay.
6:47
[SPEAKER_05]: Yeah.
6:47
[SPEAKER_05]: So maybe shut your Kant mouth Thomas.
6:50
[SPEAKER_03]: Um, and with with Massey's concession speech here, uh, as I was thinking about this last night before bed, it seemed to me over the last, let's call it two years and maybe it was after his wife died, they speculated about this by the way on every single network last night of what happened to him and what was the change.
7:08
[SPEAKER_03]: And it seemed like he was either angling for TV show or a podcast or something like that.
7:15
[SPEAKER_03]: It seemed like he wanted to be more and more famous.
7:17
[SPEAKER_05]: What I think is, and this is the theory.
7:19
[SPEAKER_05]: I've heard a lot of different theories.
7:20
[SPEAKER_05]: This is the one that lands hard or so of me.
7:24
[SPEAKER_05]: And it's not, it doesn't do with Israel or any of that other shit.
7:26
[SPEAKER_05]: That's just a back drop.
7:28
[SPEAKER_05]: What I think happened is he wanted to be the, he wanted to be done with politics.
7:32
[SPEAKER_05]: He wanted to go be the ag secretary and Trump told him no.
7:36
[SPEAKER_05]: And then he went on a fucking anti-Trump campaign.
7:38
[SPEAKER_05]: Same thing happened with Marjorie Taylor Greene.
7:41
[SPEAKER_05]: She wanted to get his support to be a senator and in Georgia.
7:44
[SPEAKER_05]: And according to people in the administration, he laughed her out of the room.
7:49
[SPEAKER_05]: He was like, come on.
7:50
[SPEAKER_05]: Come on.
7:52
[SPEAKER_05]: Yeah, no shot.
7:52
[SPEAKER_05]: Right.
7:53
[SPEAKER_05]: And she got mad and then she went anti-Trump.
7:56
[SPEAKER_05]: That's the story.
7:57
[SPEAKER_05]: I'm not who knows if that's true either, but that's the one that sounds.
7:59
[SPEAKER_05]: Because I don't think that Massey is, I don't think he hates Jews or anything.
8:06
[SPEAKER_05]: I think he's just a but her child.
8:07
[SPEAKER_05]: That's what it seems like.
8:08
[SPEAKER_05]: Yeah.
8:09
[SPEAKER_05]: He seems like an emotional but her low-tea child to me.
8:13
[SPEAKER_03]: I just, the change in him was, was massive over the last two years and the last thing I'll, I'll say about this is there's this meme going around about the so-called influencers who have flipped on Trump and it was, you know, Alex Jones, Megan Kelly, Tucker Carlson, all these other guys and they were like, how much influence do you actually have?
8:33
[SPEAKER_03]: Zero.
8:35
[SPEAKER_03]: And that's what it seems like.
8:36
[SPEAKER_03]: If you're on, and Candice Hillman's was also a part of that meme as well,
8:41
[SPEAKER_03]: You've been on this tirade against Trump now for what six months, maybe a year, somewhere in that neighborhood, I don't know when it exactly flips, but it seems odd that the biggest people that were air quote conservative podcast hosts seem to flimp on Trump and then they've got millions and millions of followers.
9:01
[SPEAKER_03]: And nobody followed this is the voting.
9:03
[SPEAKER_05]: Yeah, this is well, a lot of those followers are foreign bots should, but even the ones that are here are people that don't vote.
9:10
[SPEAKER_05]: They bitch, right?
9:12
[SPEAKER_05]: You know, votes is boomers, Gen X and older millennials.
9:15
[SPEAKER_05]: They vote young crowd doesn't vote.
9:18
[SPEAKER_05]: You can see it in the numbers if you look at.
9:21
[SPEAKER_05]: If you look at the turnout for Massey, the two older groups voted heavily for the other guy because they don't like this anti-Israel shit.
9:31
[SPEAKER_05]: It has nothing to do with policy necessarily, 18 to 22% of Gen X and our 16 to 22% of Gen X depending on the subset.
9:44
[SPEAKER_05]: and then somewhere between 20 and 25% of boomers are even jellicles.
9:50
[SPEAKER_05]: They are with is real no matter what, right?
9:52
[SPEAKER_05]: Has nothing to do with policy at all.
9:55
[SPEAKER_05]: It's part of their religion, whatever.
9:57
[SPEAKER_05]: That seems dumb, policy-wise to me.
10:00
[SPEAKER_05]: But I don't disagree with them.
10:01
[SPEAKER_05]: I just think that's a dumb reason to make that decision.
10:03
[SPEAKER_05]: Sure.
10:04
[SPEAKER_05]: If I have to choose between the groups in the Middle East,
10:09
[SPEAKER_05]: not really hard to choose is it.
10:11
[SPEAKER_05]: The one that respects human beings to some degree at least, they respect the Arabs about as much as I do, which is good enough for me, buddy.
10:20
[SPEAKER_05]: I don't give a fuck about Arabs, couldn't care less about if they live or die, frankly.
10:27
[SPEAKER_05]: That's, that is part of the dynamic moving forward.
10:31
[SPEAKER_05]: The boomers have at minimum 12 more years of prime voting, okay?
10:37
[SPEAKER_05]: And then Gen X, who will care that long, has 30 more years of prime voting.
10:43
[SPEAKER_05]: The demographic, everybody thinks that this young crowd is anti-israel, and that's kind of by the time our buddy Austin Padgett pointed this out the other day.
10:51
[SPEAKER_05]: Um, that by the time the boomers are finished voting, everybody in this younger crowd that or teenagers right now just starting to vote are going to be 40 or older.
11:03
[SPEAKER_05]: Interesting.
11:03
[SPEAKER_05]: Right.
11:04
[SPEAKER_05]: So, and nobody will care about Israel anymore.
11:06
[SPEAKER_05]: It's not going to, there's not going to be some fucking major political sea change in the way that we think about Israel as a country.
11:12
[SPEAKER_05]: It's not that is never going to happen.
11:14
[SPEAKER_05]: If you're sitting around waiting on that,
11:16
[SPEAKER_05]: fucking don't hold your breath because it's not going to happen.
11:20
[SPEAKER_05]: The reason we align with Israel is because they fight Muslims.
11:24
[SPEAKER_05]: That's the first time in the history of our country.
11:29
[SPEAKER_05]: I will say this as many times as I must.
11:31
[SPEAKER_05]: That we deployed our fucking military.
11:33
[SPEAKER_05]: It was time of shit to a foreign country.
11:34
[SPEAKER_05]: It was time of Jefferson sending our navy to the barberry coast to kale Muslims who are
11:43
[SPEAKER_05]: It's the first time ever, and when they asked, when Thomas Jefferson, or when the Secretary of State of the time asked, why you're fucking doing this, they said because the current says we can, because you're in for those.
11:54
[SPEAKER_05]: Fuck Muslims.
11:55
[SPEAKER_05]: Period.
11:56
[SPEAKER_05]: Don't give a fuck about these people.
11:58
[SPEAKER_05]: They are not compatible with Western civilization, and if there's somebody out there,
12:03
[SPEAKER_05]: That's fighting them too.
12:04
[SPEAKER_05]: Good.
12:05
[SPEAKER_05]: Yeah.
12:06
[SPEAKER_05]: I'll work with you because fuck those people they don't blog in our culture anywhere near it.
12:10
[SPEAKER_03]: I agree.
12:12
[SPEAKER_03]: The last part of this is with the boomers situation that you're saying they're going to get aged out and they're not going to vote and it's real thing won't matter anymore.
12:22
[SPEAKER_03]: And Gen X coming up and all that other shits.
12:25
[SPEAKER_03]: Do you feel like they're
12:28
[SPEAKER_03]: might be a revolution that happens here in regards to taxes and spending and all that other shit and what we're actually doing with our tax dollar.
12:39
[SPEAKER_05]: I think it's happening right now.
12:40
[SPEAKER_05]: Here's a problem.
12:42
[SPEAKER_05]: If we tore down the tax structure that we have right now, we would go into a fucking deep depression and a bunch of people would die.
12:51
[SPEAKER_05]: That's a reality.
12:52
[SPEAKER_05]: There's a bunch of people for better or worse who are fucking hooked on this shit.
12:57
[SPEAKER_05]: And until you replace that with something, then we're not just going to pull the rug and kill a bunch of people who became dependent on something because of our own incompetence when I say, oh, I mean, the government, right?
13:08
[SPEAKER_05]: Sure.
13:09
[SPEAKER_05]: That is not an ethical thing to do.
13:12
[SPEAKER_05]: That's an immoral thing to do to fuck people over.
13:15
[SPEAKER_05]: Even though it technically pull yourself up by your bootstraps and blah, blah, blah, it is still egregiously unethical to just snatch shit out of people's fucking hands.
13:27
[SPEAKER_05]: Regardless of how it got there in the first place, cannot do that.
13:29
[SPEAKER_05]: So we're in the revolution right now.
13:31
[SPEAKER_05]: We are fucking building new systems.
13:36
[SPEAKER_05]: tariffs and different types of incoming taxes and we've, we've, we've, crypto.
13:45
[SPEAKER_05]: We've gotten rid of 400,000 federal employees so far, right?
13:49
[SPEAKER_05]: There's all, and then we're going to reshore manufacturing, which means the lower to lower middle class, like the lower class, the lower middle class job is going to, that fucking income stream is going to be booming over the next 15 years.
14:02
[SPEAKER_05]: Right, and that will replace all these fucking entitlement programs, but it takes time.
14:06
[SPEAKER_05]: We are in the revolution right now.
14:08
[SPEAKER_03]: Okay, um, because it certainly feels like it last night's I was watching our local news here in Wilmington There's an older gentleman who was probably 85 years old got up in front of a city council and was like that black lady yesterday, you're very, very close.
14:22
[SPEAKER_03]: Yes.
14:23
[SPEAKER_03]: I'm killed.
14:24
[SPEAKER_03]: You mother fucker.
14:25
[SPEAKER_03]: That's it.
14:25
[SPEAKER_03]: That was a quote.
14:26
[SPEAKER_03]: Yeah.
14:27
[SPEAKER_03]: Was that it?
14:27
[SPEAKER_03]: Check it.
14:28
[SPEAKER_03]: Back.
14:28
[SPEAKER_03]: Check that.
14:29
[SPEAKER_03]: No, he got up there and said, look, man, you've raised my property taxes 20% here and the average income for like firefighters police officers all that stuff in Wilmington and with Carolina is like 45 grand and he goes Tell me what you're doing with the 20% and then maybe I can go along with it, but 45,000 dollars cannot be a baseline to live
14:58
[SPEAKER_03]: legally become a billionaire in this country.
15:00
[SPEAKER_03]: That is not a thing without cheating, without you know, skipping out on taxes and all this other shit.
15:06
[SPEAKER_05]: What do you mean by skipping out on taxes?
15:09
[SPEAKER_03]: So specifically, she was going after what sounded like, Elon Musk Jeff Bezos, not in a stand-up clip.
15:17
[SPEAKER_05]: When she's just skipping out on taxes, does she mean you're exploiting loophole?
15:20
[SPEAKER_05]: Yes.
15:21
[SPEAKER_05]: exploiting loot you mean following the rules.
15:23
[SPEAKER_05]: Yeah.
15:24
[SPEAKER_05]: Yeah.
15:24
[SPEAKER_05]: Well, the current tax code.
15:26
[SPEAKER_05]: Okay.
15:27
[SPEAKER_05]: Okay, so that tax code is available to everyone.
15:29
[SPEAKER_05]: Yes.
15:31
[SPEAKER_05]: You, if you're out there making $40,000 a year, you can start a quote unquote business.
15:37
[SPEAKER_05]: You don't even necessarily have to incorporate.
15:39
[SPEAKER_05]: It's nice to do that.
15:40
[SPEAKER_05]: It will prevent an audit if you incorporate, but that is superfluous.
15:44
[SPEAKER_05]: You don't actually have to do that to get the tax break.
15:47
[SPEAKER_05]: You start a business where you're providing advice to your friends for some fee.
15:53
[SPEAKER_05]: You can write off,
15:54
[SPEAKER_05]: Two of the rooms in your house.
15:56
[SPEAKER_05]: You can write off all your utilities.
15:58
[SPEAKER_05]: You can write off your phone, your internet.
15:59
[SPEAKER_05]: You can write off your fucking car.
16:00
[SPEAKER_05]: If you ever drive to a meeting, you can write off the food at that meeting.
16:03
[SPEAKER_05]: Yes.
16:04
[SPEAKER_05]: Anytime you discuss that work at a dinner out somewhere, you can write that off too.
16:11
[SPEAKER_05]: This is available to everyone.
16:13
[SPEAKER_05]: Yes, use it.
16:15
[SPEAKER_05]: That's what Trump was saying at the 2016 debate with Hillary.
16:19
[SPEAKER_05]: It's like, I know you're not going to get rid of these new polls because you use them and I use them.
16:23
[SPEAKER_05]: And all of our friend use them because I'm smart.
16:26
[SPEAKER_05]: Right, right, right, right.
16:27
[SPEAKER_05]: Be smart.
16:28
[SPEAKER_05]: Use the tax code that's available to you.
16:30
[SPEAKER_05]: You've got the internet.
16:31
[SPEAKER_05]: If you're listening to this, you have access to the internet.
16:34
[SPEAKER_05]: Go on, clawed, or grok, or chat GBT, or something, and say, hey, how do I exploit this be honest?
16:41
[SPEAKER_05]: How do I exploit the tax code for my own benefit?
16:43
[SPEAKER_03]: Will it answer that?
16:44
[SPEAKER_03]: Yes.
16:45
[SPEAKER_03]: No shit.
16:46
[SPEAKER_03]: That's hilarious.
16:46
[SPEAKER_03]: Yeah.
16:47
[SPEAKER_03]: But yeah.
16:49
[SPEAKER_03]: Then today Jeff Bezos goes on, CMBC does like a half-hour interview about being a billionaire and taxes and everything else.
16:58
[SPEAKER_03]: And it was a bunch of people remarking on Twitter and all these other feeds of like, the reason why he's given this interview is he feels like the revolution is coming.
17:06
[SPEAKER_03]: You said it's already here.
17:07
[SPEAKER_03]: Play this first clip.
17:09
[SPEAKER_05]: It's not gonna be a revolution against billionaires.
17:12
[SPEAKER_05]: That's not a thing.
17:13
[SPEAKER_05]: I mean, that started with Occupy Wall Street a long time ago, right?
17:17
[SPEAKER_05]: And by the way, every time this stuff pops up, this like billionaire hates or rich person.
17:24
[SPEAKER_05]: He noticed that it went from a millionaire to billionaire with Bernie Sanders as he became a millionaire.
17:30
[SPEAKER_05]: He was like anti-millionaire for 40 years and he became one who's like we've got to get the billionaires this time Like what a fucking fact of he is But this it's always Marx's bullshit.
17:41
[SPEAKER_05]: That's all it is like you can't you can't possibly have done better than me without cheating It's a child on a video game.
17:48
[SPEAKER_05]: It's a child playing Fortnite like oh, this guy cuz I hear it at home a lot He's cheating is like now.
17:53
[SPEAKER_05]: He's not cheating.
17:54
[SPEAKER_05]: He's better than you That's what's it.
17:57
[SPEAKER_05]: Well, that's what's on mark Cuban
17:59
[SPEAKER_05]: Was better than you and fucking Jeff Bezos and Bill Gates and all these people they were better than you and they made more money Sorry like that's just the fucking reality situation now you can play this shit.
18:08
[SPEAKER_04]: Yeah, there you go We'll talk about you know making the tax system more progressive how about we start by having the nurse and queens not pay taxes Why it all why is some why is a nurse and queens who makes 75,000 dollars a year paying more than a thousand dollars a month in taxes
18:29
[SPEAKER_04]: And that's a thousand dollars a month that could help with rent or groceries or anything.
18:34
[SPEAKER_04]: And so, and by the way, do you know what that all adds up to, the bottom half of income earners in this country, they only 3% of the taxes.
18:45
[SPEAKER_04]: It's only 3%.
18:47
[SPEAKER_04]: We can find 3%.
18:49
[SPEAKER_04]: So we don't have, it's a small amount of money for the government, you know that.
18:54
[SPEAKER_04]: And really, it's, and the more I thought about it, to me, it's kind of absurd that we're doing this.
19:01
[SPEAKER_04]: You know, we shouldn't be asking this nurse in Queens to send money to watch it.
19:06
[SPEAKER_04]: And they shouldn't be sending her to people that will talk about it.
19:09
[SPEAKER_03]: So what do you think of that statement?
19:11
[SPEAKER_03]: 100% right.
19:13
[SPEAKER_03]: But how do you do it?
19:14
[SPEAKER_03]: Because I agree as well.
19:16
[SPEAKER_03]: And after I hold that hurt that old man in Wilmington talking last night to the city council, he said the exact same thing.
19:21
[SPEAKER_03]: Because he still works.
19:22
[SPEAKER_03]: And he's just like, hey, dude, just tell me where this fucking 20% is going.
19:26
[SPEAKER_03]: But how do you do it as a government?
19:28
[SPEAKER_03]: Because we're all trying to figure out this financial crisis right now.
19:31
[SPEAKER_03]: So how do you implement what he's saying right now?
19:34
[SPEAKER_05]: Or in the process right now,
19:36
[SPEAKER_05]: We're in the process right now, if the government is going to oversee certain things, then they have to have, there's going to be revenue changing hands at some point, right?
19:47
[SPEAKER_05]: So for example, the federal government's job is to secure this country.
19:52
[SPEAKER_05]: It costs money to do that, some amount of money, right?
19:56
[SPEAKER_05]: We also like them to go to space.
19:59
[SPEAKER_05]: We want that.
20:00
[SPEAKER_05]: Most people, 80% of people are down with that.
20:02
[SPEAKER_05]: We want to do that.
20:02
[SPEAKER_05]: So money is going to go from one person to another.
20:06
[SPEAKER_05]: There's a lot of ways to do it.
20:07
[SPEAKER_05]: So there are two ways, I'm gonna bracket this out.
20:10
[SPEAKER_05]: There's two ways to meet a budget, right?
20:13
[SPEAKER_05]: One is to reduce cost.
20:15
[SPEAKER_05]: The other one is to increase revenue.
20:17
[SPEAKER_05]: Now we're not increasing revenue.
20:19
[SPEAKER_05]: That's not happening.
20:21
[SPEAKER_05]: But we can replace revenue.
20:23
[SPEAKER_05]: We can replace it with tariffs.
20:24
[SPEAKER_05]: We can replace with all sorts of other shit, which we should, by the way.
20:28
[SPEAKER_05]: And
20:29
[SPEAKER_05]: The thing that people always say is that terrorists are attacks on the consumer, which is technically true, in some cases not always true, but usually it is true.
20:39
[SPEAKER_05]: In short-term period, you mean?
20:40
[SPEAKER_05]: Over time, because the companies will decide to raise prices or shrink fleet and shit like that, right?
20:49
[SPEAKER_05]: Because they're going to try to meet their bottom line as well.
20:52
[SPEAKER_05]: One of the ways you can deal with that is by doing away with the tax associated with certain things and make of put a value tax on things or sales tax only, right?
21:01
[SPEAKER_05]: So the more I spend, the more taxes I pay, so you get to choose now, what type of stuff.
21:10
[SPEAKER_05]: You push commodities out of that food, housing, energy, you can't tax that shit.
21:15
[SPEAKER_05]: You just can't do it, right?
21:16
[SPEAKER_05]: Because everybody requires it to literally stay alive.
21:19
[SPEAKER_05]: everything else, value add, tax that, as people spend.
21:24
[SPEAKER_05]: That's the libertarian dream, anyways.
21:26
[SPEAKER_05]: It's the best way to defeat that.
21:27
[SPEAKER_05]: The other one is obviously to reduce, and then you know, collection of revenue can come in a lot of different ways.
21:33
[SPEAKER_05]: We have a very successful economy in a lot of ways.
21:36
[SPEAKER_05]: We've loaned money out to Argentina and got five X back over the course of four months.
21:41
[SPEAKER_05]: We can do that.
21:42
[SPEAKER_05]: We can do a lot of that, actually.
21:44
[SPEAKER_05]: We can use our oil contracts.
21:47
[SPEAKER_05]: to leverage capital.
21:48
[SPEAKER_05]: There's all sorts of stuff we could do.
21:49
[SPEAKER_05]: We can take percentages off of US dollar transactions on the global market.
21:54
[SPEAKER_05]: There's a lot of things that we can do to raise revenue.
21:56
[SPEAKER_05]: And then of course, bringing down the cost to run the government, which is limiting the things that the government does.
22:05
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22:37
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23:17
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23:20
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23:24
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23:34
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23:36
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24:03
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24:39
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24:45
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24:47
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24:56
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25:00
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25:02
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25:30
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25:37
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25:43
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25:43
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25:52
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25:53
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26:00
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26:02
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26:48
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27:04
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28:05
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28:19
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28:46
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28:50
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28:55
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28:57
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28:59
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29:04
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29:28
[SPEAKER_05]: The government has no business managing your retirement account.
29:31
[SPEAKER_05]: I'm sorry, they're not good at it.
29:33
[SPEAKER_05]: We are $38 trillion in debt.
29:36
[SPEAKER_05]: If you went to a CPA and he had a foreclosure sign on the front of his fucking building, you're not giving him your money to invest, are you?
29:43
[SPEAKER_05]: Right.
29:44
[SPEAKER_05]: That's fucking crazy.
29:45
[SPEAKER_05]: No reasonable person would do that.
29:47
[SPEAKER_05]: That's fucking nuts.
29:49
[SPEAKER_05]: So that's one side of it.
29:50
[SPEAKER_05]: The other side is,
29:56
[SPEAKER_05]: the the cost of things has gotten out of control.
29:59
[SPEAKER_05]: And part of that is an us problem, right?
30:02
[SPEAKER_05]: We want everything now.
30:05
[SPEAKER_05]: So we're willing to pay an extra 15 to 30% over the course of some years to have it.
30:11
[SPEAKER_05]: That's insane.
30:13
[SPEAKER_05]: We have a spending problem, not as a country necessarily, we do, but in addition to that as a as a as a race of people everywhere on earth, we have a spending problem, we want all that stuff that we want it now and.
30:28
[SPEAKER_05]: Of course, industry stand up to support that, mortgage houses, and then they build as many middlemen as they can in there.
30:37
[SPEAKER_05]: Why the fuck did I pay somebody $28,000 to do the paperwork on my fucking house?
30:43
[SPEAKER_05]: Why?
30:44
[SPEAKER_05]: Yeah.
30:45
[SPEAKER_05]: Why are my closing costs $28,000?
30:49
[SPEAKER_05]: It's a great question.
30:50
[SPEAKER_05]: Like you did a fucking week worth of work for $28,000, just because the house costs that much no.
30:56
[SPEAKER_05]: No, so one of the things that government is responsible for is regulating the economic environment.
31:02
[SPEAKER_05]: And that means making sure that people aren't getting bent over in things like that, making sure a monopoly is still a develop, making sure that you're not getting preyed upon with healthcare and all these other things, but the government doesn't do any of that.
31:14
[SPEAKER_05]: They work with the people that are praying on you.
31:16
[SPEAKER_05]: Yep, that's our issue so it's like I don't I don't want to hear this shit you can't be like if you Okay, and then the final part is
31:27
[SPEAKER_05]: There will be some tax revenue collected.
31:29
[SPEAKER_05]: We should start with the easiest ways to generate revenue that don't involve our taxpayers and lessen our tax burden in general, starting with the people at the bottom.
31:41
[SPEAKER_05]: So the lowest, like 13% or so of people I think it is.
31:46
[SPEAKER_05]: I don't know, I have to look and see what the actual number is now.
31:48
[SPEAKER_05]: But 13 or maybe 18% of people don't pay any taxes ever except for sales tax when they're buying shit Right, but that's second bracket pays a lot of taxes.
31:58
[SPEAKER_05]: They shouldn't be paying anything We should start at the bottom and work our way up.
32:01
[SPEAKER_05]: Nobody under 60,000 should be paying taxes Then nobody under a hundred and see how far we can fucking go Right, that's like which is basically what Bayes was to say in there start with the people that really that a thousand bucks a month It's gonna make a huge difference for them and you'll see
32:16
[SPEAKER_05]: It's the trickle down economic thing was always stupid, because there's no guarantee that a large corporation is going to reinvest in more workers or whatever.
32:30
[SPEAKER_05]: That's just, there's no guarantee of that.
32:32
[SPEAKER_05]: Because,
32:34
[SPEAKER_05]: As Milton Freeman said, their fiduciary responsibilities to the shareholder, not to the country, right?
32:39
[SPEAKER_05]: And not even to their own employees.
32:40
[SPEAKER_05]: So you can't count on them, but you can't count on small businesses.
32:44
[SPEAKER_05]: People with a hundred or less employees when they get more money, they fucking spend more money on employees, all exclusively, every single time.
32:51
[SPEAKER_05]: So there's ways to do all this stuff.
32:53
[SPEAKER_05]: We just choose not to, frankly.
32:56
[SPEAKER_03]: Yeah, I mean, it's what it seems like, but there has to be some change sometime soon because like that old man said last night, it's 45k.
33:05
[SPEAKER_03]: That ain't going to cut it.
33:06
[SPEAKER_03]: And that ain't it's not enough to live.
33:08
[SPEAKER_03]: Like Bezos is saying about the nursing Queens.
33:10
[SPEAKER_03]: No, that's not it's barely enough to live in Queens.
33:13
[SPEAKER_03]: Play the next clip.
33:15
[SPEAKER_04]: Good example.
33:16
[SPEAKER_04]: The New York City school system, right?
33:20
[SPEAKER_04]: They've spent $44,000 per student.
33:26
[SPEAKER_04]: 44,000.
33:26
[SPEAKER_04]: That's 30% more per student than other big cities like Chicago, LA, and Boston.
33:33
[SPEAKER_04]: And it's three times more than Miami and Houston.
33:38
[SPEAKER_04]: And by the way, New York City doesn't get better outcomes.
33:42
[SPEAKER_04]: So let me just say, if we ran Amazon to a New York City runs their school system, your packages would take six weeks to arrive.
33:53
[SPEAKER_04]: We'd have to charge you a $100 delivery fee.
33:56
[SPEAKER_04]: And then when the package did finally arrive, it had the wrong item in it anyway.
34:01
[SPEAKER_03]: It's clearly, that was pointed at mom dying in the way he's running New York.
34:05
[SPEAKER_03]: And he's saying it takes $44,000 per student in New York City.
34:11
[SPEAKER_03]: to just go to school on a daily fucking basis, which is wild to me, having lived there.
34:18
[SPEAKER_03]: That's a goddamn college, essentially.
34:19
[SPEAKER_05]: Yeah, that's, I mean, that's crazy, cause in smaller states at seven, in larger states, it's about 12, 13.
34:29
[SPEAKER_05]: That's the top end of public education.
34:32
[SPEAKER_05]: it does it just doesn't cost that much.
34:34
[SPEAKER_05]: So why do they say it costs that much is what I can figure out.
34:37
[SPEAKER_05]: Because of the same reason that college tuition has gone up exponentially, DEI coordinators.
34:44
[SPEAKER_05]: There are the amount of money spent on the administrative level in universities in America has gone up since 1970s, 2000 percent.
34:50
[SPEAKER_05]: Yeah, 2000 percent.
34:52
[SPEAKER_05]: And for context,
34:58
[SPEAKER_05]: Teacher of Salary, like Professor Salary and should like that relative to inflation, has gone up about 25 to 27%.
35:05
[SPEAKER_05]: 2000% for administrative costs.
35:09
[SPEAKER_05]: 25% for teaching.
35:10
[SPEAKER_05]: This is not a teacher salary specifically.
35:12
[SPEAKER_05]: It's the amount that's spending on all the faculty.
35:14
[SPEAKER_05]: Right.
35:15
[SPEAKER_05]: So DEI coordinator is all this other stupid bullshit chief success officers for students get the fuck out of here, man.
35:23
[SPEAKER_05]: No, you have an alumni association for that.
35:25
[SPEAKER_05]: If you go to a school, you join the alumni association.
35:28
[SPEAKER_05]: That's your roll of decks.
35:30
[SPEAKER_05]: That's the whole fucking point of paying that amount to go to a school.
35:33
[SPEAKER_05]: You don't learn shit in college.
35:34
[SPEAKER_05]: Motherfucker.
35:36
[SPEAKER_05]: You learn anything, learn how to get out of trouble, social skills.
35:39
[SPEAKER_05]: You learn social skills, you learn how to schedule, and you can learn how to format papers and stuff and do research.
35:45
[SPEAKER_05]: That's an important skill to have, but specific information, you really learn, I didn't learn.
35:49
[SPEAKER_05]: I would just school for fucking eight years, I learned shit.
35:51
[SPEAKER_05]: Right, unless you're a doctor, a lawyer, something specific or a scientist, where it's like, right, hey, but what I did learn was like, how to write papers, and I learned how to reach out into my community and find fucking work.
36:01
[SPEAKER_05]: That's what I really learned how to do.
36:03
[SPEAKER_03]: You know, it's funny man.
36:04
[SPEAKER_03]: I caught myself as soon as you said that because I was like when you sit on these meetings with the hard day effort for some of these schools, um, do you're talking to more and more people every fucking year where you're like, Jesus Christ, how many fucking people are on your board now?
36:16
[SPEAKER_03]: Um, and why?
36:18
[SPEAKER_03]: And are they getting a salary?
36:19
[SPEAKER_03]: I just assume they weren't getting a salary.
36:22
[SPEAKER_03]: And you're saying they are.
36:23
[SPEAKER_03]: So would you treat it like the federal governments, and just get rid of these jobs altogether?
36:30
[SPEAKER_03]: Is early you said, you know, we've gotten rid of what 400,000 federal jobs.
36:34
[SPEAKER_05]: Yeah, I mean, so all of the county you're in right now, just quietly fired all of their DE coordinators.
36:42
[SPEAKER_05]: Oh, here.
36:43
[SPEAKER_03]: Oh, interesting.
36:44
[SPEAKER_05]: And so did all of the private schools here, actually.
36:46
[SPEAKER_03]: Oh, wow.
36:46
[SPEAKER_05]: Okay.
36:47
[SPEAKER_05]: Quietly.
36:48
[SPEAKER_05]: No press release on that.
36:50
[SPEAKER_05]: What they said was we're going to do some faculty downsizing.
36:56
[SPEAKER_05]: but then you look at the yearbook for the year and they're like, oh, I see it was missing.
37:01
[SPEAKER_05]: And it's the person who was trying to tell my kids that it's okay if they want to cut their dicks off.
37:07
[SPEAKER_03]: So if we did that starting at the public school level and at the college level, that would also cut down and cost as well.
37:12
[SPEAKER_05]: Sure, yeah, but I mean, you also they need to treat it like a fucking business.
37:16
[SPEAKER_05]: It is like, look, if you, if you're going to run a for profit university, which is pretty much every public school is at this point, they're going to shut down.
37:23
[SPEAKER_05]: Oh, yeah.
37:25
[SPEAKER_05]: You have to treat it like a business.
37:27
[SPEAKER_05]: If something is not providing value,
37:30
[SPEAKER_05]: then you got to make it go away.
37:32
[SPEAKER_05]: And I think this is something that the best way for the federal government to get involved in this is to rewrite the regulations, allowing banks to give loans to 18 year olds.
37:42
[SPEAKER_05]: Because you can get a loan for a $200,000 education that has no fucking value, frankly.
37:50
[SPEAKER_05]: And you cannot get a loan for a fucking business.
37:53
[SPEAKER_05]: No, that would give you all the control of your life.
38:02
[SPEAKER_05]: is the completely overhaul the regulatory environment for student loans because if there are certain requirements like x% has to go to professors and not administrative staff for example, then all those people would get fired because they're not gonna do without the money.
38:19
[SPEAKER_03]: Yeah, that's it.
38:21
[SPEAKER_05]: It's really, it would go away.
38:22
[SPEAKER_05]: It's really the smallest.
38:23
[SPEAKER_05]: It's really that simple.
38:24
[SPEAKER_03]: Yeah, I mean, you could literally equate it to what's going on in Minnesota with the fraud, right?
38:29
[SPEAKER_03]: If you cut those staffers, yeah, who aren't doing anything,
38:32
[SPEAKER_03]: They wouldn't be around because they're not making any fucking money.
38:35
[SPEAKER_03]: I'll play the next clip.
38:49
[SPEAKER_03]: I'll admit when I'm wrong, god damn it.
38:51
[SPEAKER_07]: Okay, I don't want to be held to that standard motherfucker and you said that you thought that he had mellow He was caught and I'm curious now.
39:00
[SPEAKER_07]: Here we are.
39:00
[SPEAKER_07]: Yeah, I still think that two years later Yeah, we've had lots of Wars and tariffs and all sorts of things that have happened since then what do you think?
39:09
[SPEAKER_04]: I think he has, I mean, I'm comparing him to his first term, and I think he's a more mature, more disciplined version of himself than he was in his first term.
39:19
[SPEAKER_04]: And you know, it's so that he's, again, I've worked with all the presidents, I will work with all the presidents, you know, and I hope to do that going forward if they'll have me.
39:31
[SPEAKER_04]: But we need our business leaders to
39:35
[SPEAKER_04]: provide input into the administration, regardless of who the president is.
39:41
[SPEAKER_04]: I wonder if I'm not on the side of America, I love that answer.
39:47
[SPEAKER_03]: I'm on the side of America, which, look, whoever the president is, you should support them.
39:52
[SPEAKER_03]: Now this just happened last Monday with Mark Cuban.
39:57
[SPEAKER_03]: He's been very fucking anti-Trump, has not been shy about it, Jesus Christ, I mean, if you follow his socials, he's probably post in 10 times a day, fuck Trump, and all this other shit.
40:08
[SPEAKER_03]: and then Trump reached out to him.
40:09
[SPEAKER_03]: Hey, man, what you're doing with the medication and everything, I'd like to get involved with it.
40:16
[SPEAKER_03]: That's the first president I've seen in our lifetime that has actually reached out to these business leaders and said, look, I don't really care what our fucking difference is or.
40:24
[SPEAKER_03]: Let's try to correct it and let's work together on this.
40:28
[SPEAKER_03]: And I think to be honest, what he said there is 100% true.
40:33
[SPEAKER_03]: This is the first president that has really reached out to every business leader.
40:37
[SPEAKER_03]: Doesn't matter what side they're on and most of them what's face that are on the left and he said, hey, dude.
40:42
[SPEAKER_03]: let's just work together on this, how the fuck do we get shit cheaper here?
40:45
[SPEAKER_03]: And that happened this week.
40:47
[SPEAKER_03]: With Basos, he's right.
40:50
[SPEAKER_03]: You should want to work with all the presidents and you should treat it as a business.
40:54
[SPEAKER_03]: Why hasn't anybody else besides Trump try to do this?
40:57
[SPEAKER_03]: Because in my lifetime, the only other person I can remember running off of this business strategy was Ross Perot.
41:05
[SPEAKER_03]: Yeah.
41:05
[SPEAKER_05]: I mean, here the reason
41:07
[SPEAKER_05]: is because every other president was working with some business people behind the scenes, right?
41:14
[SPEAKER_05]: They were taking winners and losers.
41:17
[SPEAKER_05]: What Trump likes to do is walk into a room full of fucking sharks and throw a fucking stake at the center of the room and say, all right, who's gonna win?
41:26
[SPEAKER_05]: You know what I mean?
41:27
[SPEAKER_05]: And winning doesn't necessarily mean and getting to the stake first, either.
41:31
[SPEAKER_05]: Like who's gonna win this?
41:32
[SPEAKER_05]: Maybe it's strategic or something like that.
41:35
[SPEAKER_05]: Call out what you want, maybe it's just an inflated version of the apprentice to be honest.
41:40
[SPEAKER_05]: But,
41:42
[SPEAKER_05]: When you have a group of people with that kind of capital experience, and power, you want them working, you want to put them all on the same thing, right, because here's what's going to happen.
41:58
[SPEAKER_05]: The ones who are high conscientious people are gonna find a way to work together and get the most profit out of things.
42:06
[SPEAKER_05]: The ones that are agitators are gonna agitate their way into success or out of the fucking picture, which is a good thing as well.
42:13
[SPEAKER_05]: There's also just stuff that happens as a result of free market economics.
42:18
[SPEAKER_05]: You know what I mean?
42:20
[SPEAKER_05]: The person with the best idea will usually come out on top or the people who decide that our ideas together make a lot of sense.
42:27
[SPEAKER_05]: For example, the Mark Cuban thing.
42:29
[SPEAKER_05]: He has no incentive to work with Trump necessarily, but his Trump will be gone in two years.
42:34
[SPEAKER_05]: and he is business will still go to still a pharmaceutical issue.
42:38
[SPEAKER_05]: Mark Cuban still has the inside track on it now because he started before all the other people that kind of capital.
42:43
[SPEAKER_05]: So I mean, he could be successful with or without Trump, but he decided it's better to work with him.
42:48
[SPEAKER_05]: That's a guy putting aside all of his fucking TDS that he had for a while.
42:53
[SPEAKER_05]: True.
42:54
[SPEAKER_05]: And and his
42:56
[SPEAKER_05]: ongoing political opinions, I imagine.
42:58
[SPEAKER_05]: I don't think he's become a Republican all of a sudden.
43:00
[SPEAKER_05]: No, to be like, yeah, this is good for me and good for the country.
43:04
[SPEAKER_05]: It can only happen if you walk into the room and say, all right, who's got the best idea and said a fucking doing it behind closed doors, which is what every other president has always done because they don't want, I don't know what they're afraid of necessarily appearing as if they're coutowing to the corporate
43:26
[SPEAKER_05]: The Democratic Party has lost the working class in this country and the Republicans have scooped them up You saw it in the first and Trump's first term.
43:34
[SPEAKER_05]: You saw it when Biden was running for office And he was trying to fight construction workers and shit for some reason we had that guy on the show But the left has abandoned the working class and the right was like all right Let's fucking do this right and then Trump says not only am I gonna fucking work with the working class with no attacks on tips and all these other things I'm doing
43:53
[SPEAKER_05]: I'm going to find these guys who create tens of thousands of jobs in our country and find a way to one make sure that they're not sending their employment elsewhere overseas and they're doing it here and also that they're fucking successful because it makes our country more successful.
44:08
[SPEAKER_05]: That's, I don't know why people didn't do it before, frankly.
44:10
[SPEAKER_05]: I think it's crazy.
44:11
[SPEAKER_03]: Yeah, and that's that's the one thing I enjoyed about the press conference on Monday was it was Ham and Cube in live on stage, nowhere to go.
44:18
[SPEAKER_03]: It's not behind the scenes, you're not
44:22
[SPEAKER_03]: two people who definitely don't agree with one another can come together with a great idea for America and stand there and have a business conference essentially to America and tell them what they're going to do to help with these fucking prices.
44:36
[SPEAKER_03]: And that I commend Mark Cuban for.
44:38
[SPEAKER_03]: Play this last clip on Twitter loop that I just sent you here.
44:43
[SPEAKER_03]: This is in regards to the AOC thing and then this is basically how people become billionaires.
44:50
[SPEAKER_07]: for at least from certain political sides of this and AOC recently said in a podcast.
44:56
[SPEAKER_07]: And Mr. Curris, how you think about this says there's a certain level of wealth and accumulation that is unarmed, she says.
45:04
[SPEAKER_07]: You can't earn a billion dollars.
45:07
[SPEAKER_07]: just can't earn that.
45:08
[SPEAKER_07]: She says, you can get market power, you can break rules, you can abuse labor laws, you can pay people less than what they're worth, but you can't earn that.
45:18
[SPEAKER_07]: Yeah.
45:19
[SPEAKER_07]: By the way, you earned extraordinary amount of money, you employ large employers, not one of them in the whole country.
45:28
[SPEAKER_04]: When you read that, what do you think?
45:29
[SPEAKER_04]: Well, it's not cracked on its face.
45:33
[SPEAKER_04]: Let's give you a simple example.
45:35
[SPEAKER_04]: Let's say you start a burger joint and you have 10 employees, and you make a little bit of money, right?
45:43
[SPEAKER_04]: Until you have this is this one outlet.
45:45
[SPEAKER_04]: And by the way, these are the most delicious burgers in the world.
45:48
[SPEAKER_04]: People love your burgers in Andrew.
45:50
[SPEAKER_04]: And so then you open a second outlet, right?
45:54
[SPEAKER_04]: And now you're making a little bit more money and you have a 20 employees and you open a third outlet.
45:59
[SPEAKER_04]: By the time you've opened a thousand outlets, you are a billionaire.
46:06
[SPEAKER_04]: And by the way, this is a real-life story.
46:08
[SPEAKER_04]: It happens all the time.
46:08
[SPEAKER_04]: It's in an outburger.
46:10
[SPEAKER_04]: It's, you know, raising pains, chicken.
46:12
[SPEAKER_04]: At what point did that money all the sudden become unethical?
46:17
[SPEAKER_04]: Or it didn't,
46:21
[SPEAKER_04]: And there were two, and then there were three.
46:23
[SPEAKER_04]: What you're doing, the way you make a billion dollars or a hundred million dollars or a ten million dollars or anything is you create a service that people love.
46:32
[SPEAKER_04]: And if millions of people choose your service, you're going to end up with a billion dollars.
46:38
[SPEAKER_04]: And you can, you know, just try it with a chicken franchise.
46:42
[SPEAKER_04]: Do you think so?
46:42
[SPEAKER_04]: But your chicken has to be good.
46:44
[SPEAKER_04]: But there.
46:46
[SPEAKER_03]: So my only pushback on that statement is this.
46:49
[SPEAKER_03]: And god damn it, I hate when I have to read the fucking comments.
46:52
[SPEAKER_03]: It is sure enough, there's going to be one fucking asshole in there and it's going to ruin my god damn day.
46:56
[SPEAKER_03]: That's why I don't do it.
46:58
[SPEAKER_03]: This is on Patreon again to this yesterday, and we're like, I know you guys, but I'm on YouTube.
47:02
[SPEAKER_03]: I'm taking screenshots for advertisers as a center to back, and it was one listener who just said, Ross, why did we always talk about a hearty of shelter, you know, it's a fucking promotion for the thing.
47:13
[SPEAKER_03]: Whatever, the commercials and the things behind me are a promotion for the brand.
47:16
[SPEAKER_03]: I talk about our business because everyone,
47:19
[SPEAKER_03]: at home.
47:20
[SPEAKER_03]: That's one of the biggest questions we get is how do I start my own business.
47:23
[SPEAKER_03]: And hopefully you can learn from either success or failure.
47:26
[SPEAKER_03]: There's only one of two options for any business in this world, right?
47:29
[SPEAKER_03]: That's the only reason I use our own company in this.
47:32
[SPEAKER_03]: My only pushback on his statement of how to become a billionaire is at a certain point.
47:37
[SPEAKER_03]: You grow enough.
47:38
[SPEAKER_03]: that you can outgrow yourself.
47:40
[SPEAKER_03]: And then you need either financial assistance from, usually there's a, it was a government's plan for loans that is fucking impossible.
47:49
[SPEAKER_03]: God damn, I'm blanking on it.
47:50
[SPEAKER_03]: I went through it for fucking six months.
47:52
[SPEAKER_03]: Or you can go into a bank and try to get a goddamn loan or all that other shit.
47:56
[SPEAKER_03]: It's become so impossible for Americans that to get a loan.
48:00
[SPEAKER_03]: further business.
48:01
[SPEAKER_03]: It's not like the olden days where you can just walk in and say, all right, I got this, I got a box of shoes here and these are the nice shoes you'll have to see and I'm going to grow.
48:09
[SPEAKER_03]: You're going to give me money and we're going to help each other.
48:11
[SPEAKER_03]: My father, Jerry.
48:14
[SPEAKER_03]: started to, you know, the company in the basements and the move of the garage and then offices and all the other stuff, he eventually still had to go into a bank and say, hey, give me X amount of dollars.
48:23
[SPEAKER_03]: So I can expand.
48:25
[SPEAKER_03]: That doesn't really exist anymore.
48:27
[SPEAKER_05]: No, I'm not at, not at scale.
48:30
[SPEAKER_05]: We've been able to do it on a smaller level with all glory has been very helpful with us.
48:34
[SPEAKER_03]: Oh, Lord, thank you.
48:35
[SPEAKER_05]: Yeah, but as far as I go into the bank and getting enough to do a major expansion, I don't know anybody who's been able to pull that off.
48:43
[SPEAKER_05]: I don't either and I don't know if it's because of the.
48:47
[SPEAKER_05]: It's just a different environment now, like there's so many more private capital firms, but they don't actually have the money.
48:55
[SPEAKER_05]: I don't like if.
48:58
[SPEAKER_05]: The private capital for it's like we managed 20 billion dollars in assets actually they've probably got maybe a billion dollars and they're they're going out they're taking a million dollars and getting a 10 million Our loan using that million dollars and that 10 million dollars goes to the company right, but they immediately recruit 1.5 million sure
49:17
[SPEAKER_05]: You know what I mean?
49:18
[SPEAKER_05]: Yeah.
49:18
[SPEAKER_05]: So, what incentive do the banks have to even get involved in this anymore?
49:23
[SPEAKER_05]: I think it's the problem because they're making easy money that's all on the private investment firms, all on the hedge funds now.
49:29
[SPEAKER_05]: So the environment's changed quite a bit now.
49:32
[SPEAKER_05]: It's interesting.
49:35
[SPEAKER_05]: But now instead of how instead of like,
49:38
[SPEAKER_05]: a regulated environment where people are making very solid risk assessments now you have bros leveraging small capital into big capital and it's just like whatever the new trend is gets all the money and I think that's to be honest I think that's one of the reasons we're having a big
49:58
[SPEAKER_05]: uh uh we keep having these looping financial crises.
50:01
[SPEAKER_05]: Because so much capital gets dumped on the stupid bullshit.
50:06
[SPEAKER_05]: The new shiny thing.
50:07
[SPEAKER_05]: Yeah.
50:07
[SPEAKER_03]: And so I go to this every fucking day.
50:09
[SPEAKER_03]: Right now let's AI.
50:10
[SPEAKER_05]: Everybody wants to dump their money in some AI proof.
50:12
[SPEAKER_05]: And it's not just that
50:16
[SPEAKER_05]: one out of a thousand of these AI companies are going to succeed so you're burning through literally trillions of dollars just thrown it away.
50:22
[SPEAKER_05]: But it's also what that money could have done for small and medium sized actual businesses.
50:28
[SPEAKER_05]: And that's gone now.
50:28
[SPEAKER_05]: So, you know, that's another thing I think.
50:32
[SPEAKER_05]: we need to look into.
50:33
[SPEAKER_05]: I think, you know, from the federal government perspective and the regulatory environment, you can incentivize banks to give loans to people that are in actual businesses that are employing actual human beings.
50:42
[SPEAKER_03]: Yeah.
50:42
[SPEAKER_05]: You want to mean, I think that's something that we need to look at as well because it isn't just about in these things coming stages, but isn't just about making sure people making $40 to $100,000 have plenty of jobs to work and that those are solid long-term career-based jobs.
50:59
[SPEAKER_05]: It's also like the guy that wants to break out and start a new business, he's got to be able to do that.
51:05
[SPEAKER_05]: Right?
51:05
[SPEAKER_05]: And there has to be some infrastructure for that to happen.
51:07
[SPEAKER_05]: And right now, that infrastructure is all angled in one direction, and it's not good for the country.
51:12
[SPEAKER_03]: Yeah.
51:12
[SPEAKER_03]: And I remember the name of it, because it came to me finally.
51:16
[SPEAKER_03]: It's called an SBA loan with the governments.
51:18
[SPEAKER_03]: And it's right now, it's said it about a half a million dollars, so 500 K.
51:24
[SPEAKER_03]: If you're trying to expand to become a multi-millionaire or a billionaire, 500K is not enough to do it.
51:29
[SPEAKER_03]: I'm talking to my buddy Ross Graziano, friend of the show who runs an apparel company and all other stuff.
51:36
[SPEAKER_03]: I don't care whether it's seltzer, apparel, fucking, coffee, whatever it is.
51:41
[SPEAKER_03]: It takes money from some other people and help to keep growing and growing and growing.
51:48
[SPEAKER_03]: And right now, the government doesn't provide that assistance, banks don't provide that assistance.
51:53
[SPEAKER_03]: And to your points, what is the benefit of a bank trying to do it?
51:56
[SPEAKER_03]: Because, you know, let's face it, we don't know what these companies are going to do.
52:00
[SPEAKER_05]: Why would the bank go out and do?
52:03
[SPEAKER_05]: Like, have their employees do due diligence when you've got angel investors and private equity firms and hedge funds doing that.
52:15
[SPEAKER_03]: I mean, let's say you don't have those contacts.
52:18
[SPEAKER_03]: You need a bank.
52:19
[SPEAKER_03]: I mean, that's the way it used to be.
52:20
[SPEAKER_03]: Yeah.
52:21
[SPEAKER_03]: That's the way it used to be.
52:21
[SPEAKER_03]: It's not that way anymore.
52:22
[SPEAKER_03]: and all of us are trying to figure it out.
52:26
[SPEAKER_03]: But to your point, yes, most of these tech pros and all this other shit, whatever the shiny object thing is they go after.
52:33
[SPEAKER_03]: Now, I said AI earlier.
52:35
[SPEAKER_03]: Let's say this, well, and it's started with Sora.
52:37
[SPEAKER_03]: So where it is already crashed and gone.
52:39
[SPEAKER_03]: That's, you know, $5 billion out the door and see you later.
52:45
[SPEAKER_03]: And I assume a lot more of these AI companies will start going down as well.
52:49
[SPEAKER_03]: And then they're going to find something else
52:52
[SPEAKER_03]: invest in data centers.
52:54
[SPEAKER_05]: Is that what it's going to be there will be my guess is that there is going to be like co-op data centers like there's going to be companies that you can buy into that own the data centers whether they go they're publicly traded or something like that they're going to get a lot of funding because they're going to be building them all over the place.
53:13
[SPEAKER_05]: I wouldn't be shocked if nuclear doesn't see something similar.
53:17
[SPEAKER_05]: That would
53:21
[SPEAKER_05]: If you're, you can get a high yield savings account right now at 5%.
53:28
[SPEAKER_05]: So if you, if you are working with a investment firm or somebody who's not guaranteeing you a five or a six percent return on your investment annualized, then you shouldn't work with them.
53:38
[SPEAKER_05]: Go put it in a fucking high yield savings account.
53:40
[SPEAKER_05]: Yeah, because there's no risk.
53:42
[SPEAKER_05]: It is FDIC insured.
53:44
[SPEAKER_05]: Yeah.
53:45
[SPEAKER_05]: And it is not when you go fucking put it into the market.
53:48
[SPEAKER_05]: Even S&P, which grows three and a half at a minimum of percent every year.
53:52
[SPEAKER_05]: It's all S&P's always above inflation.
53:53
[SPEAKER_05]: It's usually four and a half or
53:57
[SPEAKER_05]: Typically speaking, just the S&P outperforms most management firms, you know what I mean?
54:05
[SPEAKER_05]: So it's like, why go to all that trouble?
54:10
[SPEAKER_05]: Why go to all that trouble when you're putting your money out there?
54:13
[SPEAKER_05]: I just don't, I don't see the point frankly.
54:15
[SPEAKER_05]: Yeah.
54:17
[SPEAKER_03]: Yeah.
54:19
[SPEAKER_03]: And then I want to piggyback off of something I said yesterday and this is in regards to energy and some of you
54:25
[SPEAKER_03]: It was one of our listeners to this up.
54:26
[SPEAKER_03]: A lot of people in construction in a manual labor and they were like, hey man, if you were using that truck to fucking tow shit or move bricks or fucking cement or or tools or whatever, how would that work?
54:38
[SPEAKER_03]: It wouldn't.
54:39
[SPEAKER_03]: And that's full disclosure on that.
54:42
[SPEAKER_03]: I moved a lot of shit in my car across country and like that's
54:46
[SPEAKER_03]: Fucking payload on that goddamn thing, zaps the battery.
54:50
[SPEAKER_03]: So, yes, to your point yesterday, electric cars are not there yet for everyone, because there's just simply no way somebody in construction could fucking do something like that or any type of manual labor.
55:01
[SPEAKER_03]: It's just gonna zaps the fucking battery all day long.
55:03
[SPEAKER_03]: So, yeah, you're still a ways away from that and I wanna make that clear after yesterday's conversation.
55:09
[SPEAKER_03]: But yeah, we're all trying to figure this out and this has been a big theme over the year this year
55:16
[SPEAKER_03]: But hopefully this helps or no one that you go through the same shit and that's why we use our own company as an example because you guys have your own companies and you ask us about it all the time and just trying to help out and be honest about it to be.
55:29
[SPEAKER_03]: Real with you guys.
55:31
[SPEAKER_03]: I want to switch on over to another trend that I see online, and I don't know if you've seen this Which is these flash team mob fights that are popping up all over the fucking internet Let's start with chipotle.
55:46
[SPEAKER_03]: I don't know if you cover that on fake news on on Monday.
55:50
[SPEAKER_03]: Did you see the chipotle fight?
55:53
[SPEAKER_03]: No, I don't watch world star.
55:54
[SPEAKER_03]: So this is no longer just world, world star anymore.
55:58
[SPEAKER_03]: It seems like everybody's trying to replicate world star.
56:01
[SPEAKER_03]: And I really don't know why.
56:02
[SPEAKER_03]: Now, Luke, I was talking to you about it before we came in here today.
56:07
[SPEAKER_03]: You can go ahead and play this clip at Chipotle because this is fucking insane.
56:16
[SPEAKER_03]: But you were saying a lot of these people are doing this for clicks and links and shit like that.
56:24
[SPEAKER_03]: There you go.
56:24
[SPEAKER_03]: You can give it some volume, Jamie.
56:28
[SPEAKER_03]: There's no audio, okay.
56:30
[SPEAKER_03]: There you go.
56:30
[SPEAKER_03]: Yeah, there it is.
56:31
[SPEAKER_03]: Oh my God!
56:32
[UNKNOWN]: Oh my God!
56:33
[UNKNOWN]: Oh my God!
56:33
[UNKNOWN]: Oh my God!
56:34
[SPEAKER_00]: Oh my God!
56:35
[SPEAKER_00]: Oh my God!
56:35
[UNKNOWN]: Oh my God!
56:36
[UNKNOWN]: Oh my God!
56:37
[UNKNOWN]: Oh my God!
56:37
[UNKNOWN]: Oh my God!
56:38
[UNKNOWN]: Oh my God!
56:40
[SPEAKER_00]: Oh my God!
56:42
[SPEAKER_00]: Oh my God!
56:43
[SPEAKER_00]: Oh my God!
56:43
[SPEAKER_00]: Oh my God!
56:44
[SPEAKER_00]: Oh my God!
56:44
[SPEAKER_00]: Oh my God!
56:45
[UNKNOWN]: Oh my God!
56:45
[SPEAKER_03]: Oh my God!
56:47
[SPEAKER_03]: Oh my God!
56:48
[SPEAKER_03]: Oh my God!
56:48
[SPEAKER_03]: Oh my God!
57:08
[SPEAKER_05]: Well, I keep my wrapped and barbed wire at all times.
57:10
[SPEAKER_05]: Yeah, dude.
57:12
[SPEAKER_03]: And then there was a graduation fight last night.
57:16
[SPEAKER_03]: I don't know if you saw this, but there was a graduation fight I forget what county it was in.
57:23
[SPEAKER_03]: But they had to inflict a curfew for the entire town because there was this fight at a graduation now You see people in the video fighting and screaming at each other one woman just yells out It's where's the security?
57:37
[SPEAKER_03]: There was police officers there, but it's a graduation ceremony I think one woman also yelled out a herkha leaves herkha leaves she did Now that was in reference to her fat children.
57:47
[SPEAKER_05]: Yeah, right?
57:48
[SPEAKER_05]: Yeah, yeah now the shocking part is that any of these people graduated
57:53
[SPEAKER_03]: it's it's wild to me now I hate to say this in use race you know in this book why is it just black people doing this right now is that a trend with a black community Jamie I'm going to lead on you for this one my man
58:08
[SPEAKER_03]: Yes, it is and low income weights and low income whites.
58:12
[SPEAKER_03]: Okay, I where's that at because you don't I don't see it that much on long it's not it's not it's prevalent.
58:18
[SPEAKER_03]: Okay, but why is this a trend among youth to do it so it just happened last night New Jersey as well long branch New Jersey last night they went to the or the sorry.
58:29
[SPEAKER_03]: Maybe this afternoon, they went through the beach and just fucking destroyed everything.
58:34
[SPEAKER_03]: Cops came, bunch of people got arrested, I think 11 or 12 people got arrested.
58:37
[SPEAKER_03]: Same fucking thing, and I don't understand fighting in public and what it would accomplish as far as likes and clicks and all that other shit.
58:48
[SPEAKER_03]: If there's 20, 30 people fighting, I can't identify any of these fucking people.
58:53
[SPEAKER_03]: Yeah, that's the clip last night.
58:54
[SPEAKER_03]: Good place.
58:54
[SPEAKER_03]: I'll send you something.
58:56
[SPEAKER_03]: I'll send you something.
58:58
[UNKNOWN]: Here it is.
59:00
[SPEAKER_03]: The cops come, everybody starts running and spoof him, there was a curfew, there was a curfew in this town last night.
59:21
[SPEAKER_05]: Okay, Cole, go to Twitter and pull up the thing I just sent you.
59:25
[SPEAKER_05]: I'm going to explain this real fast sure that everyone can understand See this chart Yeah, this is an IQ chart and the bars measure how likely somebody is to be violent See how that works
59:44
[SPEAKER_05]: There is in a single step up in IQ that doesn't have a correlative decrease in violence.
59:50
[SPEAKER_05]: Those people are fucking retards.
59:52
[SPEAKER_03]: So this is all IQ and how you were brought up.
59:56
[SPEAKER_05]: I'm glad you brought this up.
59:57
[SPEAKER_05]: Not how you brought up.
59:58
[SPEAKER_05]: No, they're morons.
59:59
[SPEAKER_03]: Well, here's why I say how they were brought up.
1:00:02
[SPEAKER_03]: A few of these towns that this has happened and said, hey, we're going to start prosecuting the fucking parents.
1:00:08
[SPEAKER_03]: So do you agree with that?
1:00:11
[SPEAKER_03]: You're probably going to remember what?
1:00:12
[SPEAKER_03]: For raising a shitty child, essentially.
1:00:15
[SPEAKER_05]: I guess, I mean, at what point though is the child responsible for itself?
1:00:18
[SPEAKER_05]: This is a debate that every generation kind of has.
1:00:21
[SPEAKER_03]: Yes.
1:00:23
[SPEAKER_05]: I think what's that is?
1:00:24
[SPEAKER_05]: If there's a 16 year old out there doing criminal activity and you can't hold a parent responsible for that, fuck out of here, man, this makes me sense.
1:00:34
[SPEAKER_05]: But here it is.
1:00:34
[SPEAKER_05]: So you put that chart back up there, leave it up there.
1:00:39
[SPEAKER_05]: Look at that.
1:00:42
[SPEAKER_05]: below 70 is retarded.
1:00:44
[SPEAKER_05]: Yes, and the average IQ in America is 100.
1:00:48
[SPEAKER_05]: So it's that it's somewhere the 11.4 and 7.9, those two groups together, even though that's average America right there.
1:00:58
[SPEAKER_05]: And you see college graduate is about one 15.
1:01:02
[SPEAKER_03]: So you're looking at, according to this chart, just doing quick math here, 41% of the population,
1:01:09
[SPEAKER_03]: is under 100 IQ?
1:01:11
[SPEAKER_05]: No, no, that's not a representative of the population.
1:01:16
[SPEAKER_05]: For violence.
1:01:17
[SPEAKER_05]: Yeah, that's how likely they are to be violence.
1:01:19
[SPEAKER_03]: Gotcha.
1:01:21
[SPEAKER_03]: Yeah.
1:01:22
[SPEAKER_05]: Oh, OK, I understand.
1:01:23
[SPEAKER_05]: Those people are morons.
1:01:24
[SPEAKER_05]: Yes.
1:01:25
[SPEAKER_05]: They are retarded.
1:01:28
[SPEAKER_03]: But how do you curb this?
1:01:29
[SPEAKER_03]: This is going on everywhere, and again, Jamie said earlier, dude, it's for social media likes and things like that.
1:01:36
[SPEAKER_03]: When there's hundreds of people there, it's not like you're saying, oh my God, there's this one person that I want to follow.
1:01:43
[SPEAKER_03]: The person posting the video, Jamie's saying, okay.
1:01:46
[SPEAKER_03]: Yeah, I guess, but you still gotta follow that up unless you were trying to start a world-star hip-hop show.
1:01:56
[SPEAKER_05]: You solve these issues by giving people meaningful lives, not literally gifting them, but giving them meaningful lives.
1:02:08
[SPEAKER_05]: It's true that dumber people are more violent, but they're also more likely to follow rules, right?
1:02:16
[SPEAKER_05]: They grew up in a constant argument and an environment where the consequences don't matter to them.
1:02:23
[SPEAKER_05]: Kanye said it best, and click, actually, that song.
1:02:28
[SPEAKER_05]: He says, blame it on the pigment or living node limits.
1:02:31
[SPEAKER_05]: And what he means by that is that
1:02:34
[SPEAKER_05]: There's a big subset of the black community in America that doesn't expect to live past 25 years old.
1:02:39
[SPEAKER_05]: So they get money.
1:02:40
[SPEAKER_05]: They spend it immediately.
1:02:41
[SPEAKER_05]: They fucking see somebody that threatens their image, which is all they have.
1:02:44
[SPEAKER_05]: They fucking go get violent about it.
1:02:46
[SPEAKER_05]: That's how it is.
1:02:47
[SPEAKER_05]: People that can't see into the future have no designs on self-improvement.
1:02:53
[SPEAKER_05]: They have no concern for staying out of trouble.
1:02:58
[SPEAKER_05]: or building or any of that stuff.
1:03:00
[SPEAKER_05]: If you don't see hope in the future, you can't do it.
1:03:02
[SPEAKER_05]: So the only way to solve that issue is to
1:03:07
[SPEAKER_05]: Figure out that.
1:03:08
[SPEAKER_05]: Figure out a way to make these people realize that they do have a future.
1:03:12
[SPEAKER_05]: It's just their choice to make.
1:03:13
[SPEAKER_05]: This is the problem we made with the crime bill back in the mid-90s.
1:03:17
[SPEAKER_05]: We did the right thing by removing all these fucking violent assholes off the streets, and then we left their kids at home by themselves with no dads and single moms.
1:03:26
[SPEAKER_05]: So they were raised in a testosterone-free consequence-free environment, and this is what you get.
1:03:31
[SPEAKER_05]: Right.
1:03:31
[SPEAKER_05]: We fucked it up.
1:03:32
[SPEAKER_05]: It's the same thing we did in Afghanistan.
1:03:33
[SPEAKER_05]: We fucking wiped out the Russians.
1:03:35
[SPEAKER_05]: And we left the Taliban there to rule it.
1:03:37
[SPEAKER_05]: And we had to go back 30 years later.
1:03:39
[SPEAKER_05]: Same shit.
1:03:40
[SPEAKER_05]: We always fucking do.
1:03:42
[SPEAKER_05]: Right.
1:03:42
[SPEAKER_03]: Interesting.
1:03:44
[SPEAKER_03]: Yeah, because it feels like one of these videos is popping up every single day now and.
1:03:51
[SPEAKER_03]: You know, going after the parents is one thing, but at a certain age, you're right, man.
1:03:55
[SPEAKER_03]: Well, you can't, you can't, you can't, you don't know where you're fucking six, six, 17 year olds going.
1:03:59
[SPEAKER_05]: Tell me how that's a solution, because we're three generations deep now.
1:04:03
[SPEAKER_05]: You start arresting parents and now what you've got more, more, you've reset back to the 90s.
1:04:09
[SPEAKER_05]: Right.
1:04:09
[SPEAKER_05]: Where you've got latch key kids again, but there's no dad coming home ever.
1:04:13
[SPEAKER_05]: Yeah, right.
1:04:15
[SPEAKER_05]: And you think that's going to improve it.
1:04:16
[SPEAKER_05]: No, it drags it into three more generations.
1:04:18
[SPEAKER_05]: That's what it happens.
1:04:20
[SPEAKER_05]: people in the black community specifically have to stop whining about their plight and life and start taking some fucking responsibility that's the only solution but it's part of this on democrats by saying hey man you guys are too stupid to figure out what you're doing so we need to do it for you no no can't have a can you can't work in computer or get an idea in all other shit like we played yesterday i mean i don't believe that no i don't either i i think yeah the democrats are constantly saying that but nobody can
1:04:51
[SPEAKER_03]: Sorry, that's a mental weakness problem because people are trying to figure out how to curb this now recently there was that school shooting in Michigan with the parents got prosecuted and they got jail for life.
1:05:04
[SPEAKER_03]: Now that was a different situation where they provided the kids with the gun and all the other shit.
1:05:09
[SPEAKER_05]: Yeah, if you see your kid fucking trune an out on fucking tech talk and wear and black makeup and shit and you're like, hey, you know what you'd be?
1:05:16
[SPEAKER_05]: No, it would look really round out your outfit as a fucking rifle.
1:05:20
[SPEAKER_05]: Then you probably need to go to prison for the rest of your life.
1:05:22
[SPEAKER_05]: Yeah.
1:05:24
[SPEAKER_05]: There's a limit for sure, but I don't think it's kids getting in fights and parking lots to do a street takeovers and shit.
1:05:31
[SPEAKER_05]: There's a level of it that is just kids being kids, but when you add that element of not being concerned with the consequences after that, because we all did dumb shit growing up.
1:05:41
[SPEAKER_05]: We met in a field once a year, and the freshman,
1:05:45
[SPEAKER_05]: and juniors and the sophomore and seniors through fucking exit.
1:05:48
[SPEAKER_05]: That's where we teamed up with the other class and just fucked each other up.
1:05:54
[SPEAKER_05]: People got black eyes, cops always showed up, his booze and drugs everywhere.
1:05:58
[SPEAKER_05]: Who fucking cares, right?
1:06:00
[SPEAKER_05]: But if...
1:06:02
[SPEAKER_05]: If none of us cared about our futures and the cops showed up and we all started shooting out and trying to fight them, now you've got a real situation.
1:06:09
[SPEAKER_05]: Instead of kids being kids, now you've got what are effectively adult-sized people making adults decisions that are really bad decisions that put other people in danger, it's unacceptable.
1:06:21
[SPEAKER_05]: It's that element of not caring about the future, not having any kind of foresight, and it's a result of being told repeatedly, but both by their own community and by Democrats that they don't have a future.
1:06:34
[SPEAKER_05]: How could you possibly succeed?
1:06:36
[SPEAKER_05]: It starts with you're not succeeding, and it can't be because you failed yourself because that's racist.
1:06:43
[SPEAKER_05]: So we have to blame somebody for it.
1:06:44
[SPEAKER_05]: And once you start that process of blaming people for other people's mistakes, then they will always, that is a defense attorney inside of their mind.
1:06:53
[SPEAKER_05]: Oh, I'm not failing because of me.
1:06:54
[SPEAKER_05]: It's somebody else's fault that I'm failing.
1:06:56
[SPEAKER_05]: And there's never any impetus to improve themselves.
1:06:58
[SPEAKER_03]: Yeah.
1:07:00
[SPEAKER_03]: Lastly, I want to talk about what we're going to round this off.
1:07:02
[SPEAKER_03]: You know, since this is the billionaire theory here with Elon Musk, I don't know if you saw this, but SpaceX is going to have an IPO.
1:07:11
[SPEAKER_03]: I mean, it's an initial public offering.
1:07:12
[SPEAKER_03]: They're going to have their own stock in the New York stock.
1:07:14
[SPEAKER_03]: It's going to be $2.5 trillion.
1:07:15
[SPEAKER_03]: Yes, my guess.
1:07:16
[SPEAKER_03]: Yep, maybe three.
1:07:19
[SPEAKER_03]: How much will this guy be worth at the end of the day?
1:07:22
[SPEAKER_03]: I mean, it's insanity.
1:07:24
[SPEAKER_03]: I mean, yeah, hundreds.
1:07:25
[SPEAKER_03]: I look, good for him.
1:07:27
[SPEAKER_03]: I'm not, I'm not, look, I wish I came up with SpaceX and all the other shit.
1:07:31
[SPEAKER_03]: But also, we got to see him have a public, very public meltdown on live television.
1:07:36
[SPEAKER_03]: when that's 60 minutes interview on shit.
1:07:39
[SPEAKER_03]: I mean, he was in tears.
1:07:42
[SPEAKER_03]: And he was talking about how hard it was to build a business and succeed in all this other shit.
1:07:49
[SPEAKER_03]: And now it seems like he can't miss.
1:07:51
[SPEAKER_03]: This is, let's call it 20 years ago.
1:07:55
[SPEAKER_03]: Maybe 25 years ago we did that 60 minutes interview.
1:07:58
[SPEAKER_03]: I believe this was during the PayPal period when he was still bald, you know when he was balding.
1:08:02
[SPEAKER_03]: Before he had that glow up, like him and Basis, Basis, by the way, for all the listeners was jacked in that interview.
1:08:08
[SPEAKER_03]: Just, Jack Diesel, the guy that guy looks better and better every fucking day, so it's Musk.
1:08:14
[SPEAKER_03]: He's just going to the opposite route, you know, he's just putting some more hair back on the old dome and probably on his armpit can some other shit, but he looks great.
1:08:23
[SPEAKER_03]: But from a guy who was having a, what seems like a meltdown on public television to now having all of these businesses succeed in the trillions of dollars, dude.
1:08:34
[SPEAKER_03]: Is this the best business man in our lifetime, or in the history of the world?
1:08:38
[SPEAKER_05]: I don't know, in the history of the world.
1:08:40
[SPEAKER_05]: Who would that be?
1:08:42
[SPEAKER_05]: He, so Elon benefits from being and from having a total addressable market of all humanity, right?
1:08:50
[SPEAKER_05]: It's different.
1:08:51
[SPEAKER_05]: So Cornelius Vanderbilt, the guy who basically invented and pioneered railroads, when he died, he left $105 million forch in behind.
1:09:01
[SPEAKER_05]: That's worth $200 billion today, right?
1:09:04
[SPEAKER_05]: But how many people are using railroads?
1:09:07
[SPEAKER_05]: 10% of the country, maybe, right?
1:09:12
[SPEAKER_05]: More people benefited from it because of shipping and stuff like that.
1:09:17
[SPEAKER_05]: But the people that actually used the service specifically, I don't know, not that many, 5% probably, maybe 10.
1:09:27
[SPEAKER_05]: You take that up to,
1:09:30
[SPEAKER_05]: 80, 90% of consumers, your total addressable market increases by five, 10x, maybe.
1:09:38
[SPEAKER_05]: then you're talking about, instead of 200 billion you're talking about 200 trillion, right?
1:09:42
[SPEAKER_05]: Yeah, that's just, it's just math.
1:09:44
[SPEAKER_05]: So no, he's a great businessman and there's no question about that, but the best in the world ever.
1:09:49
[SPEAKER_05]: No, he's, he sits in a time where he's benefiting from the total, the Tam, as we call it, the total adjustable market being fucking the whole Earth.
1:09:57
[SPEAKER_05]: So yeah, it's gonna, he'll be a quadrillionaire probably by the time he dies.
1:10:01
[SPEAKER_03]: Who else is done it?
1:10:02
[SPEAKER_03]: No, no, I mean, Cornelius Vanderbilt did it.
1:10:06
[SPEAKER_05]: Right, but many other people many other people to this this number though, like is that a just one inflation or yeah, it is a just of a inflation.
1:10:14
[SPEAKER_05]: Nobody else would have been able to do it because your total address will market would have not have been that size.
1:10:19
[SPEAKER_05]: There was no middle class in 1870.
1:10:21
[SPEAKER_05]: Okay.
1:10:22
[SPEAKER_05]: So that there is no one there like the amount of people who are patronizing your business wasn't anywhere close to what it is right now.
1:10:29
[SPEAKER_05]: But yeah, I mean he's again,
1:10:31
[SPEAKER_05]: That's part of the genius is to go after, like emerging technologies, actually solving the problem you're trying to solve and doing it a way that fucking produces a profit quickly, which he's been able to do with all of his businesses.
1:10:45
[SPEAKER_05]: Anytime he's ever had to take money, he's paid it back way before the deadline.
1:10:48
[SPEAKER_05]: Yep, every single time.
1:10:49
[SPEAKER_05]: And then having good marketing, working with regulators, working multi-nationally.
1:10:57
[SPEAKER_05]: attracting the best talent.
1:10:59
[SPEAKER_05]: So yeah, he's great.
1:11:00
[SPEAKER_05]: I mean, in the modern world, he's the best for sure.
1:11:02
[SPEAKER_03]: What's wild, Cindy?
1:11:03
[SPEAKER_03]: And this was a topic we brought up years ago on this show was when SpaceX first started.
1:11:09
[SPEAKER_03]: And there's another thing that I love about him, by the way, was he went public with all of these launches, where he didn't have to.
1:11:17
[SPEAKER_03]: Some of these rockets exploded.
1:11:18
[SPEAKER_03]: And you remember people laughed in
1:11:22
[SPEAKER_03]: Why would you waste your money on this?
1:11:23
[SPEAKER_03]: Congratulations.
1:11:24
[SPEAKER_03]: You're going to say $80 billion on this.
1:11:25
[SPEAKER_03]: Bob Obama just is like, well, we're testing it.
1:11:27
[SPEAKER_03]: And it's going to get better.
1:11:28
[SPEAKER_03]: And it's like, it's my money.
1:11:30
[SPEAKER_03]: So what the fuck do you care anyway?
1:11:31
[SPEAKER_03]: Yeah.
1:11:32
[SPEAKER_03]: And now.
1:11:33
[SPEAKER_03]: Yeah, I mean, according to the Wall Street Journal here, they're expecting this offer to reach 1.71 trillion dollars.
1:11:41
[SPEAKER_03]: Potentially higher.
1:11:43
[SPEAKER_05]: I think it'll go to, I think it'll go to and I have to three.
1:11:45
[SPEAKER_03]: I, my guess, see that as well because it really is the future.
1:11:49
[SPEAKER_03]: And, you know, you look at Tesla, you look at SpaceX, you look at PayPal, what the fuck else does he have?
1:11:56
[SPEAKER_05]: Well, he doesn't.
1:11:56
[SPEAKER_05]: I don't know that he owns any a PayPal not anymore, but SpaceX Tesla Twitter Chuck Twitter here.
1:12:02
[SPEAKER_05]: And then the AI company that sits behind all that.
1:12:05
[SPEAKER_03]: Yeah, it's rock boring company.
1:12:08
[SPEAKER_03]: Yeah, right.
1:12:08
[SPEAKER_03]: I'll be.
1:12:09
[SPEAKER_03]: Thank you.
1:12:09
[SPEAKER_01]: But as AI into space X.
1:12:11
[SPEAKER_01]: So it's part of the idea.
1:12:13
[SPEAKER_03]: Yeah.
1:12:13
[SPEAKER_03]: Oh, he did.
1:12:13
[SPEAKER_03]: Okay.
1:12:14
[SPEAKER_03]: So he puts X AI.
1:12:16
[SPEAKER_03]: It's not Yeah, it's space X.
1:12:18
[SPEAKER_05]: Broke is just the front facing LLN.
1:12:20
[SPEAKER_05]: That's nothing.
1:12:21
[SPEAKER_05]: Okay.
1:12:21
[SPEAKER_05]: To be honest, X AI is the actual AI company.
1:12:25
[SPEAKER_03]: God, it got it.
1:12:26
[SPEAKER_03]: And that's part of that offering as well.
1:12:28
[SPEAKER_03]: Interesting.
1:12:29
[SPEAKER_03]: Shit.
1:12:30
[SPEAKER_03]: And what will that have to do with SpaceX, I guess?
1:12:32
[SPEAKER_03]: What do you mean?
1:12:33
[SPEAKER_03]: How do you combine those two businesses?
1:12:35
[SPEAKER_05]: I mean, AI solves the problem of not having to have 100 engineers in a room to do something.
1:12:40
[SPEAKER_05]: You know what I mean?
1:12:42
[SPEAKER_03]: So it's strategy from the get-go though.
1:12:44
[SPEAKER_03]: Yeah, it's always, yeah.
1:12:45
[SPEAKER_05]: That's why I said that when he first bought Twitter, I was like, this is, this is nothing to do with free speech.
1:12:51
[SPEAKER_05]: it's about the human interaction on Twitter, which is why you can see it right now as it's as the AI, XAI is developed and become more and more mature.
1:13:04
[SPEAKER_05]: Now he's programming the algorithm and he's publishing the algorithm by the way of Twitter now, openly.
1:13:08
[SPEAKER_05]: It's published.
1:13:09
[SPEAKER_05]: It's open source now, Nikita, whatever the fuck beer is doing it.
1:13:13
[SPEAKER_05]: But
1:13:14
[SPEAKER_05]: They've taken it away from all the clickbait stuff down to like the the algorithm on Twitter now prioritizes actual human interaction right like small accounts writing original short form shit because the whole point of it is to observe how real people talk to real people how real people give instructions to real people so you can train these models on how to deliberate internally.
1:13:38
[SPEAKER_05]: So, I put a robot somewhere and it knows basically what it's doing but some complex problems come up.
1:13:44
[SPEAKER_05]: I need to be able to solve that problem without human interaction because it takes too long for the human being to communicate to Mars.
1:13:51
[SPEAKER_05]: It's nine months at best.
1:13:53
[SPEAKER_05]: It's nine months.
1:13:54
[SPEAKER_05]: When we're aligned in the right way, that's how long it takes for the signal or for a person to travel
1:14:07
[SPEAKER_05]: hours and hours and days range as as Mars gets farther away from us and we're going to have people on Mars we need to be able to we need the robots to be able to manage situations without communication back to earth and real time and needs to be like you have to be able to handle 24 hours or something at least before you can fucking move escalated to a human being back here and engineer back here should that be necessary that's what it's all about.
1:14:32
[SPEAKER_05]: that and driving the cars around and all this other stuff automated.
1:14:35
[SPEAKER_05]: Elon wants a future where human beings are doing what the fuck they want to do.
1:14:39
[SPEAKER_05]: I don't think that's a good thing, but that's what he wants.
1:14:42
[SPEAKER_05]: Why do you think that's a good thing?
1:14:43
[SPEAKER_05]: Because we define ourselves by our struggle and purpose.
1:14:47
[SPEAKER_05]: And we will be hollow.
1:14:49
[SPEAKER_03]: If everything's doing it for us is what you're saying?
1:14:51
[SPEAKER_03]: Gotcha.
1:14:52
[SPEAKER_03]: Gotcha.
1:14:53
[SPEAKER_03]: And it's also, look, business wise and everything else that we talked about at the
1:15:00
[SPEAKER_03]: It'd make it hard if everything's been done for you.
1:15:02
[SPEAKER_03]: So harder to create something.
1:15:05
[SPEAKER_03]: You have that clip of him crying on the thing here?
1:15:08
[SPEAKER_02]: Yeah, I got him, press play.
1:15:09
[SPEAKER_02]: What is this from?
1:15:10
[SPEAKER_02]: Well, you're a little naive when you thought I could easily build an electric car and a rocket.
1:15:15
[SPEAKER_02]: I don't think it would be easy.
1:15:16
[SPEAKER_01]: I can say that I thought they were probably fail.
1:15:22
[SPEAKER_01]: But creating a company is almost like having a child.
1:15:25
[SPEAKER_01]: So it's sort of like, how do you say your child should not have food?
1:15:31
[SPEAKER_02]: So once you have the company, you have to feed it and nurse it and take care of it, even if it ruins you.
1:15:45
[SPEAKER_02]: But as I was in tough times, in the end of 2008, how did you get through that period of crisis?
1:15:57
[SPEAKER_02]: 2,000, and we just break for a second.
1:15:59
[SPEAKER_01]: Sure, sure, sure, sure, sure.
1:16:01
[SPEAKER_02]: You want to wait a little while?
1:16:04
[SPEAKER_02]: Very sure, but what is with it?
1:16:06
[SPEAKER_02]: Sure, sure.
1:16:07
[SPEAKER_02]: Sure, but what is with it?
1:16:12
[SPEAKER_03]: It's moments like that when you see it, and you're like, how do you hate this guy?
1:16:16
[SPEAKER_03]: Live on television.
1:16:19
[SPEAKER_03]: Because the struggle is real for any company and all that other shifts.
1:16:22
[SPEAKER_03]: And I don't root against them to be honest with you.
1:16:27
[SPEAKER_03]: Yeah, that particular interview stuck with me for years.
1:16:31
[SPEAKER_05]: Well, people have, you know, what I say people, I guess I mean, communist and they're not even people are they.
1:16:38
[SPEAKER_05]: They have a negative attitude towards the wealthy, but you wouldn't be sitting here in this country if it weren't for the wealthy.
1:16:44
[SPEAKER_05]: And that don't mean job creators.
1:16:46
[SPEAKER_05]: I mean, George Washington, spending
1:16:49
[SPEAKER_05]: fucking $10 million of his own money and current dollars to fund the revolution or John Hancock spending $25 million of his own dollars or Robert Morris the richest guy in America at the time Coat and Coat the finance year of the revolution.
1:17:04
[SPEAKER_05]: He spent $70 million in current dollars on the revolution.
1:17:09
[SPEAKER_05]: You don't fucking exist without them.
1:17:12
[SPEAKER_03]: Yeah
1:17:13
[SPEAKER_05]: You're you're living under British rule without them still where 12,000 people a year get a fucking arrested for shit they said on the internet.
1:17:21
[SPEAKER_05]: So shut your fucking mouth about that.
1:17:24
[SPEAKER_03]: By the way, I'm wearing that shirt today.
1:17:25
[SPEAKER_03]: Hmm, too cool for British show.
1:17:26
[SPEAKER_03]: This is in the bro box.
1:17:28
[SPEAKER_03]: Speaking of which it's that time in the show for the drinking bro of the week you could submit on drinking bros dot com while you're over there Sign up for the bro box got a ton of new merch over there joggers all the fun stuff of their looking go there to drink a bros dot com and we go we got the classics back to the classic tease a lot of you guys been asking for that
1:17:52
[SPEAKER_03]: uh, pork at the sea and all those old school shirts are up there, uh, got some tank tops, flags, some foam cases, got the crime corner, uh, section there, got the crime corner, foam case, who bam, right here, and you can submit for drink and bro the week on there, you can also do it on the app.
1:18:09
[SPEAKER_03]: Drink and bro's app is free on iPhones and Android's.
1:18:14
[SPEAKER_03]: And Dan and I pay for that, man.
1:18:15
[SPEAKER_03]: It's got a Facebook wall.
1:18:17
[SPEAKER_03]: The same is the one that got zucked years ago.
1:18:20
[SPEAKER_03]: That way, there's no admins.
1:18:21
[SPEAKER_03]: You guys can chat with each other in post videos, 30 seconds of videos and photos and all kinds of shit.
1:18:28
[SPEAKER_03]: So it's awesome, man.
1:18:30
[SPEAKER_03]: Like I said on the show yesterday, I think it was 37,000 subscribers.
1:18:34
[SPEAKER_03]: Right now, so if you need to reach out to somebody for having a hard time, it's an excellent place to do it.
1:18:40
[SPEAKER_03]: We're about to head on over to the other studio here and meet up with the guys we gave Drinking Grove the week to yesterday and say hello to them.
1:18:48
[SPEAKER_03]: In the meantime, though, this submission is.
1:18:52
[SPEAKER_03]: from Mike Baskovich.
1:18:54
[SPEAKER_03]: I know Mike.
1:18:58
[SPEAKER_03]: He wants to nominate his son who just took his oath for the army yesterday and his name is Preston.
1:19:08
[SPEAKER_05]: uh... very proud of his son congratulations uh... we know Mike now he's been a friend of the show for years i can't believe he's got a 18 year old son now he's got to make me some fleshets for my bow if i ever get back to one of the design i suppose to send him logos and shit for him to make fleshets for the like the little fans of the yeah yeah yeah yeah yeah i'm fucking lazy and retarded or we've been moving i've got a pregnant woman yeah yeah oh it's rather still is that
1:19:35
[SPEAKER_05]: News you want to share.
1:19:36
[SPEAKER_05]: That's been out for a while.
1:19:37
[SPEAKER_05]: Are you talking about okay?
1:19:38
[SPEAKER_05]: Didn't know didn't know we gave my baby the drink and bro the week Did we yeah look bad.
1:19:43
[SPEAKER_03]: It's been a fucking rough 11 days.
1:19:45
[SPEAKER_03]: Okay.
1:19:45
[SPEAKER_03]: I don't want to get into it.
1:19:46
[SPEAKER_03]: Jesus Christ man I'm still trying to come out of it
1:19:50
[SPEAKER_03]: It's just crushing this water over here for Christ's sex.
1:19:53
[SPEAKER_03]: It's right there to God dammit, man.
1:19:56
[SPEAKER_03]: I'm getting dumber by the day.
1:19:57
[SPEAKER_05]: It's what it is.
1:19:58
[SPEAKER_05]: It's fine.
1:19:59
[SPEAKER_05]: It's not getting better.
1:20:00
[SPEAKER_05]: That's for sure.
1:20:00
[SPEAKER_03]: No, it definitely isn't, and I'm fucking retarded, okay?
1:20:05
[SPEAKER_03]: So that's on me, but appreciate it, yeah.
1:20:09
[SPEAKER_03]: Go to iTunes right the show of Five Star and leave a quick review.
1:20:14
[SPEAKER_03]: Head on over to Spotify, Cooper, where you at?
1:20:16
[SPEAKER_03]: That catalog was.
1:20:19
[SPEAKER_03]: We're about to bring in another editor to help out with the back catalog over there too.
1:20:23
[SPEAKER_03]: Patreon is always Patreon.
1:20:24
[SPEAKER_03]: That keeps the lights on.
1:20:25
[SPEAKER_05]: We're going to do an H1B and bring in a fucking stinky Indian.
1:20:28
[SPEAKER_05]: No, we're not doing that.
1:20:29
[SPEAKER_05]: No, in a fucking dypey.
1:20:31
[SPEAKER_05]: Let's get them all typed up.
1:20:32
[SPEAKER_05]: Give them some curries.
1:20:33
[SPEAKER_05]: See what happens to them.
1:20:34
[SPEAKER_05]: Top or bottom diaper though.
1:20:35
[SPEAKER_05]: Because they were both.
1:20:37
[SPEAKER_03]: That's true.
1:20:37
[SPEAKER_00]: Yeah, yeah, both stink.
1:20:39
[SPEAKER_03]: Equally is bad.
1:20:40
[SPEAKER_03]: So yeah.
1:20:41
[SPEAKER_03]: We'll work on it.
1:20:41
[SPEAKER_03]: Or we'll put them next to your coop and your office.
1:20:44
[SPEAKER_03]: All right.
1:20:45
[SPEAKER_03]: That way you can smell it all day.
1:20:46
[SPEAKER_03]: All right.
1:20:47
[SPEAKER_03]: Thanks for tuning in, we're near the near the hallway.
1:20:50
[SPEAKER_03]: I'm Ross Patterson, this is the drinking bro's pod.
1:20:52
[SPEAKER_03]: Yeah, it's good, not everyone.