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Patrick Bet-David Podcast Episode 32. Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
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They're going to go out there and buy 100 of them.
The private equity.
So a week before the last dance, Jordan's cards were selling for $25,000 to $30,000.
A week after last dance documentary ends, it's selling for $160,000 to $200,000.
So from $25,000 to $160,000, $200,000, literally in six weeks is what the cars go to.
Private equity firms come and buy 100 of them.
They sit on them.
Then anytime it goes on an auction, they go overbid on the card.
They don't buy it for $160,000, $200,000.
They buy it for $400,000, $500,000.
So it increases the market because they own 100 of them and it's non-regulated.
So it's not like somebody can come and say it's market manipulation.
No one can say that.
There's no SEC.
There's no FINRA, nothing like that.
And now they have apps where you can buy funds, meaning you can buy a percentage of a Pat Mahomes card, percentage of a Jordan rookie card, kind of like a mutual fund.
So it's getting even more people involved.
It's a very interesting industry.
Plus, you can't print anymore.
They are what they are.
Exactly.
Exactly.
And now that they have the credibility of PSA, you know, grading cards, it's kind of like Equifax, TransUnions.
It's a whole different industry.
So a question, because I know we want to move on to a lot of topics.
Private equity firms, PE firms are jumping into this business.
Big guys like you pumping in a half a million, turning that around.
What couldn't the average person out there that's got $5,000 to invest, $10,000 to invest, $1,000 to invest, $20,000 to invest?
Don't do anything.
What do you recommend they do?
Do not do anything by yourself that you don't know about.
Go with somebody that knows what they're doing and get on the trend.
Like if you are thinking about being a stock broker, you're thinking about being a person trader.
You're thinking about being an investor into businesses.
How do you do it?
Do you just go start giving people money that you want to invest into business?
No, you go study a Warren Buffett.
You go study some of the biggest investors of all time.
And then you buy into a money manager, a money manager that you trust, and you go with them.
Then you start kind of going into it.
If you're going to be day trading kind of like cards professionally, you got to know what you're doing.
Don't just go out there and throwing money at cards.
So you do believe in this asset class, big time.
100% I do.
So Pat, are you saying don't spend 20 grand on a 2019 Mike Trout coward?
Is that a bad investment?
Oh, that would be great.
If you had the right mindset.
No, I said 2019.
No, not 2019.
You're right.
If you're naive and you go into this thing, you could get.
I wouldn't do it if you have no clue what you're doing.
Do not do it.
This isn't one of those.
But here's the thing.
You buy the right cards.
There's no way you're going to lose money on cards.
The only way you lose money on cards is when the player does something stupid, like an O.J. Simpson type of thing.
That card is where nobody wakes up in the morning saying, I can't wait to buy an O.J. Simpson rookie card.
You know, oh my gosh, the guy was the greatest running back of all time.
No, they say there's no way in the world I'm going to brag about having an OJM Simpson rookie card, right?
Except for our friend Borat or whatever.
That's a different story.
OJ!
You have to see the video to know what we're doing.
So what should I do with my Kwame Brown rookie card?
Is that going to take you?
That one you give to an ex of yours.
Okay, that's what you do.
You give to an ex of yours.
Okay.
All right.
By the way, let's see here.
What do we get into?
What story do we get into first?
We got a lot of good stuff.
A lot going on, Pat.
You tell us.
Yeah, you know what?
Let's go talk about this whole Wall Street situation here.
Wall Street is gearing up to buy your house and lease it back to you.
Grown group of Wall Street owners of single-family rental homes have ramped up their fundraising in anticipation of the millions of Americans who could be forced to turn over or sell their homes amid the financial stress of the pandemic.
The four-year-old firm EasyKnock has established itself as a name in so-called the sales leaseback transactions in which homeowners sell their company, sell the company, their property, then rent it back.
Easy Knock CEO Jared Kessler told Business Insider that a financial partner recently committed to provide it with a credit line that will allow it to acquire $500 million of homes, a sum that would more than triple its current portfolio, which is nearly $200 million.
What do you think about this EasyNock idea?
You know, my first impression, I didn't want to like it.
I think there had to be a catch, right?
Are these guys, you know, what's the fine print say?
Once they buy your home from you, how soon can they sell it again?
And then are you screwed?
Or how long can you actually lease it?
But you know what?
If you're stuck in a bad loan or if you need to borrow some money, you need some equity, you don't have to do a home home equity loan.
It kind of makes sense.
And it seems like the market right now is ripe for it where you can stay in your own home.
You can rent instead.
I mean, do they have to pay for repairs then?
I mean, it's fascinating.
I just don't think $500 million is a lot of money behind this company to do it at a huge level.
I was expecting multiple billions behind these guys to really go after, but maybe they're not going after the really high-priced homes either.
But man, I don't know.
I don't know if I'd want to be one of the first ones doing this thing just in case, but on the surface, I think it sounds like a pretty good deal.
Adam, they're also going after single home, single-family homes.
Meaning just one-family homes.
Probably like two, maybe three bedrooms.
Got it.
Some smaller homes, and their previous credit line was $200 million.
So let's just say $500 million divided by $250,000.
Is that an average?
Let's just say $250,000.
2,000 homes at $250,000.
Yeah.
Okay.
So you're collecting rent from 2,000 people, essentially.
What do you think about the idea?
Well, it reminds me of something that I'm pretty familiar with, which is reverse mortgages.
I mean, this is something that a lot of seniors have taken advantage of as you get older and you might not want to have to pay your mortgage.
And, you know, these reverse mortgage companies come in and offer you to essentially be able to live out your house and buy you out.
There has been regulations set in place where the you know people have taken advantage of this.
Like Tom said, there could be, if you're one of the first people to do it, read the fine print, see what's going on.
You know, there could be some shadier activity going on, but this sounds like a sort of a reputable Wall Street type-esque type firm that's bringing this together.
And look, I'm a huge fan of renting.
And especially if you're young out there and you're listening to this, don't tie yourself into a mortgage, especially if you don't know what your next five moves are to use a quote from PBD.
If you don't know where you're going to be living in the next six, twelve, eighteen, twenty-four months, and you somehow ended up in a mortgage here, this might be a great opportunity here.
I mean, what are the three things that everyone who has a house has to pay for?
That if you're renting, you don't have to pay what I call the big three expenses: your freaking property tax, your insurance, and your maintenance.
And that's stuff that you have to cover if you own your house.
If you're just now renting your house in the house you want to be in, nonetheless, and you don't have to pay property tax, maintenance, deal with the nonsense with that.
Like I can't even screw in a freaking light bulb.
Now I don't have to deal with maintenance and I don't have to pay for my freaking home insurance living in California with wildfires and in Florida with floods and mudslides and tornadoes.
You don't have to have that worry and you could still live in your house.
And obviously they said you're in financial distress.
This could be a win-win.
So read the fine print, but for the right person, this might make sense.
I would be curious about the math because a lot of times when things like this happen, you have to know reverse mortgage gets a lot of heat.
And there's a lot of people that get in trouble with reverse mortgage.
I don't know how much you look into reverse mortgage.
The formula, I think it's 63 years old, et cetera, et cetera.
Exactly what I wrote down was what you started talking about, reverse mortgage.
And a lot of seniors were taking advantage of a lot of seniors were taking advantage of what it was.
In the early days, yeah, because Tom Selich is selling it on those days.
In the early days, it came out with regulations.
Now it's more.
It's so fine-line the way you do the math.
It's not easy to do today.
But I also look at it with another thing that you do on a daily basis: life settlement.
It's a very simple thing.
That's going to go there as well.
Yeah, life settlement is you buy an insurance policy.
So if I'm a 78-year-old today and I'm sitting on a $5 million insurance policy that I cannot pay the premiums, a person like Adam comes and decides to buy the policy from me and you go to your investors and they come out and they'll say, we'll pay what for the $5 million?
$90.
If it's 20%, I'm 78 years old.
You pay me $1 million up front.
What a hell of a deal.
They take the $5 million with the life expectancy seeing if this person is going to live up to 85 years old.
I take that additional $4 million divided by seven years.
Then I'm making a nice little return over a seven-year period.
15%, let's say.
The client is happy because the client's sitting there saying, I'm getting to live with my million dollars rather than that $5 million is going to somebody that's no longer here.
I'm no longer married.
I no longer have my wife.
My wife died.
My husband died.
What am I going to do with that additional insurance policy?
So that makes sense in those situations, life sediment.
Of course.
But in this case, if the math favors them, listen, this is, you understand what I'm saying?
So meaning if the way you get my house is, okay, listen, I'd like to give you my quarter million dollar house and I'd like to rent it from you.
No problem.
What is your approach?
Well, we go get comps.
What did it sell for?
Comps, 268.
Okay, great.
We'll give you 240 for it.
Is that what they do?
Do they go 28,000 before market or do they give you the 268?
That's the part where I'm curious about on how they make this work.
But the reality of it is, I'm surprised they're one of the first to do it.
I'm surprised this is a great idea to do something like this.
It's a great business model.
Yeah, I agree.
Because you're in the stress, right?
You're in a situation where you kind of have to make a decision.
Take it, don't take it.
You don't have to take it, but we're here for you.
You want to do something with this, right?
It's an option that never existed.
That's the one thing I say about life settlements is that it's an option.
If you want to keep your house and pay your mortgage, keep your house, pay your mortgage.
You don't need to talk to me about this kind of thing.
One thing that I learned when I entered the life insurance industry and life settlement business was it truly was the Wild West in the early 2000s, 2004, 2005, 2006.
It was not regulated.
It was Wild West.
Commissions were out of control.
People didn't understand what they were signing up for.
Definitely.
So, you know, my firm was one of the first firms that was like, hold on, hold on, hold on.
This is like out of control.
We got FINRA came in.
We had a broker dealer come in.
Did it the right way?
Next thing you know, 2008 happened.
Regulation set in, and it's been nothing but good things for the industry.
Life settlement.
Yes.
And life settlement had a black guy.
A very black guy, even worse than reverse mortgages.
But my point is, it starts with a good idea.
There's going to be people that are going to abuse.
Regulation sets in.
And, you know, good things will happen.
The problem is when there's over-regulation, like, you know, being in the life insurance business with the DOL and the D, you know, everything that was happening in 2016, that could have crushed suitability versus fiduciary.
You know, all that stuff.
Now you're really talking dirty to the audience.
Oh, they're loving these words you're talking about.
I'm going to talk to you all about being a fidouche bag, all that good stuff.
exactly but anyway the point is i met with one of these guys that was doing life settlement one of the bigger guys and he had a mammoth in his headquarters No joke.
He had a real life-sized mammoth.
Down in Waco.
He was a life partner.
Life partners.
Yeah, one over there.
A mammoth?
Yeah.
A Wooly Mammoth.
A dead one?
A dead one.
No, a live one, bro.
Hey, Mammoth.
A real life mammoth.
Walking in the middle of the morning.
That would have been a lot of fun.
Was the Woolly Mammoth alive or dead?
I need to know.
So are you talking about one of those prehistoric things?
Yes.
Oh, my God.
Full disclosure.
Guys like that are annoying.
Full disclosure.
Leave it to the Smithsonian to happen.
It wasn't alive.
It wasn't alive.
Full disclosure.
Shocker alert.
The Woolly Mammoth was next to me.
Peter's going to Waco to check on this mammoth.
This mammoth was not alive.
So what happened when you saw this Woolly Mammoth?
There you got scared first.
I'd be like, dude, what is this a metaphor for?
Why do you have a mammoth in your office?
I mean, does that mean your mammoth?
I tell you, they were killing it at one point.
Yes, sir.
But then they ended up in jail.
I know.
It wasn't a good situation.
So the point is when you, like, there's...
He probably stole the...
Don't trust an office with a mammoth.
Maybe it's a, you know, next time you see mammoth in office.
Yeah, I think we need to make that a lot.
You're still wondering if it's alive, Dad.
He doesn't know what's going on.
I'm telling you, it wasn't alive.
It wasn't alive.
It wasn't alive.
Okay.
All right.
Next.
Let's talk about New York.
Let's talk about New York.
You know, there's a million people, over a million people right now in New York remaining unemployed.
That's a big number, by the way.
Okay.
Billions of dollars in budget cuts to essential services and institutions are beginning.
Thousands remain eligible for state or federal unemployment assistance.
In this moment of fiscal emergency, it would be a moral and economic failure for New York's legislature and executive to leave this money on the table.
They're talking about the billions of dollars.
Economists urge New York to hike tax on billionaires, tax on billionaires.
Progressive policies advocates are ramping up pressure for wealth tax in New York.
As the state's budget hole grows and neighboring New Jersey already has chosen to increase tax on millionaires, 50 economists from across the nation sent a letter to Cuomo and the state's legislators, legislative leaders this week in support of a proposal on two tax hikes on New York's billionaires.
The letter arrived as the legislator gears up for a full session schedule that will largely revolve around resolving the state's more than $8 billion budget cap, which is expected to worsen in following years.
Look, I mean, there's a bunch of people here involved that are saying we got to do something about it.
The economists say the analysis also included in the envelope to state leaders predicts an immediate revenue bump to a tune of $23.3 billion and then an additional $1.2 billion in subsequent years while the pandemic continues to collaborate economic.
It's a scary time to be over there in New York.
New York's billionaires increased their net worth during this period from March 18th to October 13 by 13.2%.
Yeah, it's unbelievable.
You know, I used to be 100% against taxing the rich, the mega-rich.
They earned the money.
It's their money.
Why the hell should the government come in there and take a higher proportion of it?
Screw that, right?
I got to tell you, I'm flipping.
And I'll tell you why.
It's because of the Zuckerbergs of the world and some of these other jokers, these billionaires that got Biden elected.
Okay, this is what you wished for.
Now you deal with it.
I mean, you did not know that this was coming down the pike.
And the other thing is, how can you trust the government to even do something?
$23 billion extra for New York?
They're going to screw that up somehow.
You know, they just think low-hanging fruit.
It's not like there's some visionaries that's going to fix infrastructure or do anything like that.
So I say, go get in California and New York, tax all those guys.
The Google founders, Eric Schmidt, Dorsey, all these Biden fans, tax them.
Do it.
I mean, since they were so in favor of Biden and extra taxes, and they're the ones electing him, deal with the consequences.
And I'll say another thing, too.
Did you look at this panel of people that are recommending it?
Bernie Sanders, Elizabeth Warren.
These are socialists/slash communists.
I mean, calling the shots.
Of course, they're going to want to take all the money from the rich.
This is a scary thing.
And here's the other thing, too.
If these billionaires still live in a state where you're getting hammered locally by your state taxes, man, that's another thing.
I mean, a lot of these smart guys have already bailed.
Tom, I'm confused by your answer.
So you're the Republican who wants higher taxes on the wealthy.
You're agreeing with Bernie and Ocasio-Cortez, but obviously you think they're socialists and communists.
I did not think you were going to go this direction.
I thought you would have been really, really upset that they were going to tax the wealthy.
You're confused these days.
Trump's in.
He's out.
I respect the fact that you're not just going down.
You're towing the company line.
It's interesting.
I respect it, though.
Look, this is something that Cuomo has been talking about for a while.
New Yorkers have been leaving New York in droves.
Californians have been leaving California in droves.
You've seen Silicon Valley people moving.
This is scary.
I mean, if you're already living in New York and you're a billionaire, you're already paying ridiculous taxes, whether it's income taxes, capital gain tax, state income tax, whether your firm might be in New Jersey.
I saw one person who lives in New York, but their firm is in New Jersey, so they're paying New Jersey tax and New York tax.
Something that you asked the other day is at what point do you leave?
And this is something that Cuomo needs to be very aware of.
I mean, he offered sort of jokingly, like, don't leave, please.
I'll cook you dinner.
Remember that whole thing?
Something that I do agree with, Tom, that he did mention, something that we've talked about, the K-shaped economy, where the rich get richer and the average working person, you know, is struggling.
And that's exactly what's going on here in New York, is that the rich have gotten richer.
Why?
Stock market, clearly.
Why what?
Why have the rich gotten rich and the poor haven't gotten why are the poor getting poor, rich getting richer?
For the most part, it's the stock market.
I mean, obviously, if you're, it depends on what you're defining as rich.
You know, if you're the working class person that literally has to show up to work, meaning you're a bartender, you're a waitress, you, you know, you work for the airlines, you work for in the hospitality industry, you're a hotel front desk person, and you have to show up to work and your work is getting shut down.
I mean, you've highlighted many restaurant owners who have business have suffered.
This is out of your control.
These businesses, I mean, you see what's going on in California.
Those people have suffered tremendously.
If you could work remotely from anywhere, and I'm sure we're going to talk about what still exists.
So what's hundreds of people?
Are you saying raise taxes?
What is your point?
I'm not saying that you should raise taxes.
I'm saying at what point when taxes do get raised do these billionaires say, fuck it, I'm out.
I'm moving to South Florida.
What do you do?
Give them counsel.
New York's listening right now.
Do you agree with Sanders and AOC saying raise taxes on the wealthy in New York, or what do you do?
I think at some point something's going to have to give.
Are you going to listen to the moment?
This is why Tom is even like, I don't know.
Do I agree?
Do I have to say that?
I'm not saying billionaires.
I'm not saying millionaires should have their taxes raised, but these clowns, yes.
Why billionaires, not millionaires?
You know what?
Because these people annoy me, number one.
Why?
Because of how hypocritical they seem, how a lot of these people own social media companies, have started social media companies.
These are New Yorkers.
These are Wall Street.
You're talking New York.
I know it's really hard for us to talk about the people.
So let's stay on New York.
Let's stay on New York.
But we can go to why tax billionaires as much as you can, but leave millionaires alone.
Why tax billionaires, but not millionaires?
Because I don't think the billionaires would feel it as much as the millionaires.
But believe me, I am not in favor of more taxes.
How, though?
How do you know that?
How do you know that?
How do we know that?
How do we know that taxing billionaires, they're not going to feel it as much as millionaires are?
How?
How do we know that?
I'll just answer that.
By what Mark Cuban said one time.
He says there's no, describe the difference between being, you know, a millionaire that has $200 million of net worth as opposed to a billionaire.
He says there's no comparison.
I mean, you don't notice anything when you're a billionaire.
So that's my baseline judgment on the fact that if they tax him for a few hundred million more, they'll figure something out or they won't even miss it.
Yeah, but how do you, so do you tax the guy that averages 45 minutes a game because he's the best player in the league and you tax him 10 minutes because he can afford it and give it to a lesser player?
Is that what you do?
But let me explain to you where I'm going with this.
So you guys, who's the best player in the league?
Give me the best player.
LeBron, clearly.
So how many minutes does he average?
40 minutes?
45 minutes a game.
Let's just say averages.
It's not 45, it's 40 at this age.
They're trying to get him at 39 to 40 minutes.
Okay.
I think it's too much.
Tax the billionaire.
It's LeBron.
You got to bring him down to 30 minutes.
It's not fair for him to get 39 minutes.
Give the other 10 minutes to a benchworming.
Look at the customer.
But the point I'm trying to make is, here's a guy, LeBron, is getting underpaid.
I'm not a LeBron fan.
You guys are not a LeBron fan.
He's getting underpaid.
He's getting an $85 million contract for two years.
That's $42 million.
That's $100 million your player.
If Ronaldo's getting $100 million a year contract, this guy's got to be getting $100 million your contract.
He's getting it off the court, but go ahead.
Not the point.
They're also getting it off the court.
Okay, he should be getting $100 million.
Why tax the billionaire?
Here's a guy that spends a million and a half on his body every year.
Now, has he always been doing that?
No.
At 18 years old, he couldn't afford to spend a million and a half on his body.
But at 34 years old, when most of these NBA players at 34 that are kicking back, they've already made their $200 million or starting to want to leave the league and they put on weight, their belly comes out all.
You're looking at LeBron, look at the way he does.
LeBron to me is the same thing as a billionaire is in New York, okay?
If a billionaire, non, non, what do you call it, generational wealth transfer billion, I'm talking about the self-made, the 64%, not the not the 64% of billionaires are self-made.
Just everybody knows this.
83% of millionaires are self-made.
64% of billionaires are self-made, which is what?
36% of them are not self-made.
They got them.
Set those aside.
Say those numbers again, please.
64% of billionaires, roughly, is self-made.
So two out of three billionaires.
Are self-made.
Self-made.
One-third family, like a Walt 10, like one of those guys that got the money from the federal.
Eight out of 10?
83%, according to a Fidelity article, 83% of millionaires are self-made.
Sick.
Okay.
There's hope out there for all of you.
Did you get your money from your mom and dad?
No, no.
Yeah, you made your money based on who?
Life settlement.
You're a self-made guy, right?
So this is the challenge.
This is the part that we have to be very, very careful with.
Because we typically, indirectly, we will comfortably pass, not punishment, but pass the pain to somebody that is not us, okay?
Full disclosure, I'm not a billionaire.
So I'm not here sitting protecting billionaires.
So it's not like I'm sitting here saying, hey, why are you defending billionaires so much?
I think it's more, like, here's a question for me to talk to some of these politicians about.
Hey, you know, poor these people that are going through tough times and they're having such difficulties.
Okay, no problem.
Let's talk about them.
What's your long-term goal for these guys?
Give me your long-term goal for these guys.
Say I'm poor.
Say I'm not making a lot of money.
Say I'm one of the guys that's unemployed right now.
Say I'm one of the guys that's struggling right now.
Say I'm one of the guys that you want to send to $600 a month.
What is your long-term goal and aspiration for me?
You understand the question I'm asking?
I like that question.
What is your term?
You can give him a stimulus check.
Is your long-term aspiration for me?
Meaning, if I yesterday, two days ago, Tico, I said something to my son, bothered me on Sunday.
We're at lunch.
I said something to him really bothered me.
Yesterday I told Zeness, I got to get out of here.
I went to school.
I had to have the kid come out of class for me to go sit with them.
And I said, I need you to look at me.
He's holding my hands.
He's thinking he's in trouble.
I said, I just want you to know you're not in trouble.
I said, Daddy said something yesterday stupid to you.
And I'm just here to tell you, I was wrong.
Don't listen to what daddy said yesterday.
That is wrong.
Whatever I said to him, it's a conference.
It's nothing.
It's nothing that you would, Jennifer's sitting, the kids are sitting there.
It's nothing that was crazy.
But I don't want him to think that he has to change as a human being to win in life, right?
So I have to breathe life into my kid.
I have to say, I believe you one day can be dot, dot, dot, dot, and manage expectation for life, right?
You're working with me when you came over here.
I had to say what, Adam, I believe one day you can be dot dot dot.
I cast a vision.
Kai, one day I think you can run one of our companies and value to me.
You say, let's put $5, $10 million into a company that's one day I believe, right?
Okay.
Okay, politicians, to the poor people that are struggling, asking money from you, you want to send them all these stimulus money.
What do you envision me being one day?
What is your goal with me?
Tell me, what is your goal with me?
It's a question.
Is the goal for me to stay in this situation?
Is the goal for me to constantly rely on the government?
Would you be happy if I become a millionaire one day?
Would it bother you if I become a millionaire?
Would it bother you if I become a billionaire?
Would you be bothered if I become the next Zuckerberg from a poor guy, becoming a billionaire, creating 100,000 jobs?
Would it bother you if I'm, you know, Amazon, Jeff Bezos, and I create a million jobs?
Would that bother you?
Would you be offended by that, my politicians?
Meaning, do you want me to get out of being poor?
Yes, yes, of course.
Yes.
I don't know if the answer is yes.
So you're saying you asked that to politicians?
I don't think that's asking them, what is your outcome?
How do they respond to it?
I'm asking.
A Republican politician would say yes, period.
Yeah, so then, so, okay, let's just say a Republican politician says yes.
So let's just say it is yes.
Okay, do you have a problem with me being a billionaire one day?
Do you have a problem with me to have a ranks to riches story go from zero to being a billionaire one day?
Does that bother you?
Am I a bad person now?
I was poor.
I had nothing.
You loved me because I voted for you.
I busted my ass.
I got out of being poor.
You no longer have to send me a check.
I take care of my family.
I take care of everybody.
You don't wake up in the morning saying, we have to bail out the Bed David family.
That's not something you think about anymore.
I'm a billionaire now.
Let's just say, if I become a billionaire, did I do something bad?
Am I a bad person now?
Am I like an evil billionaire rich guy that wants to abuse people?
Is that what happened?
Are you sitting there saying, thank God, freaking one guy at least got 20,000 people working for him that we don't have to worry about paying those people unemployment?
Who's the hero?
And who are we selling as a hero?
So here, these guys are sitting around and saying, well, let me tell you, New York is having a lot of problems because of stupid policies based on the politicians deciding to shut down all the restaurants.
And these restaurants, statistically, we can't show that people are getting COVID from these restaurants.
They could have worn masks.
We could have set up a better situation on seating.
But yeah, oh, now that we're struggling because we shut down and threw so many restaurants out of business, let's tax the rich.
Where the hell do you come up with this kind of a solution?
You made the decision to shut down restaurants.
Now you want to tax the rich.
How the hell do you come up with these policies?
Trump, sorry.
If you are in a bad financial situation right now, New York, it's because your policies suck.
So maybe you have to take inventory of your policies.
Don't every time when you screw up saying, let me go tax the billionaires.
Because you know what the billionaire is going to say?
Here's one thing you will never miss.
I've always said this.
Never in our business, we have builders, people that want to go out there and build a business, okay?
You never, ever, ever do anything to hurt your builders.
In the philosophy of the book, Barbarians to Bureaucrats, the guy talks about there's a prophet.
He comes up with an idea.
Then there's barbarians who are willing to go to war.
Let's go.
Let's go do this.
I believe in this.
Let's go.
Then there's builders that are willing to build something.
Let me build structure.
Then there's explorers.
We should go explore over here to see if we can build this business into Australia.
We should go explore this market.
Then comes the administrators.
Oh, we should create some rules and regulations, which you need sometimes.
Then shows up the bureaucrats and the aristocrats.
You know who the bureaucrats and aristocrats are?
Politicians.
These are the guys that are sitting afterwards saying, well, now that we're running a big company with all this money here, I think what we need to do is spend our money and da-da-da-da-da.
Who the hell are you?
You ruin every company.
You ruin every city.
You ruin every state.
You ruin every country.
These bureaucrats and aristocrats, who knows what the hell they're talking about?
Why don't you go create some jobs for people instead of going and taxing billionaires?
Okay, now listen, you make a very compelling argument for the billionaires.
And here's my question.
Why can't they say something for themselves?
Here's my problem.
Emotion creeps into this, okay, when you see something like this.
What's our reference point?
It's Michael Bloomberg, okay, who pumped $500 million into the state of Florida to beat Trump.
Why aren't they saying something publicly that we want to protect our money?
We don't want to elect these people that are going to tax us even more.
I would like to hear it from them.
And I don't.
Same thing in California.
You can't lump the two in together.
But I wish there were a few more outspoken billionaires.
Okay, they can't.
You know why they can't?
Can't.
Because it's going to hurt their business.
Forget about Bloomberg.
Forget about Bloomberg because Bloomberg is sitting in what situation?
Bloomberg is worth $70 billion at this point.
Okay.
Bloomberg, you know what's $500 million to Bloomberg?
It's the same as you having $70,000 and giving $5,000 to somebody.
$70,000?
$70,000.
No, no, no.
$70,000.
You're giving $500 to somebody.
That's what he did.
Yeah, $500.
If you're here, $500, bro, it's okay.
Hey, man, I'm running something.
I'm doing a run, charity run.
Can you give me some money?
You got $70 in the back.
Here, cousin, here's $500.
What the hell is $500 million to a guy worth $70 billion?
Nothing.
I'm not talking about that guy.
I'm talking about guys that are still building.
I'm talking about guys that are still building.
So a lot of times these guys that are running a company, they can't say nothing because anything you say will be held against you.
Of course.
Because most of the people that are working for you are not going to be the ones that are agreeing with this policy.
Most of their employees are saying, tax the billionaire.
Tax the billionaire.
What they don't realize is, hey, you keep saying tax the billionaire.
The billionaire is going to have to cut some of his employees, let go of 20% of his employees.
Guess who pays the price?
You do, because the same person, Queens, business owners haunted by Amazon loss emit pandemic almost two years after the Amazon pulled out from a proposal to build a massive headquarters along Queens waterfront.
The site is vacant, vacant, the same place where Amazon is supposed to build.
And to many locals, the squandered economic opportunity is even more painful.
Amid the coronavirus pandemic, the site just sits there empty.
It's terrible.
Said Donna Drimmer, owner of Matt at LLC Art Gallery and Gift Store.
We're in the middle of a pandemic.
People say if we only had Amazon, we got nothing.
The world's largest retailer abruptly canceled his 25,000 job-producing campus in February 2019 after being attacked ferociously by AOC and state senator Mike Genaris.
So you keep pushing me out.
I was going to bring 25,000 jobs.
Minimum.
Minimum.
At $150,000 of your salary, you push me out.
Oh, now you want me back?
So figure out who you guys want to bash at this point.
Well, here's my question for you.
And you made obviously a very compelling argument here.
You know, they've said if you're going to become a billionaire, you have had to make thousands of thousands of thousands of jobs pop up out of nowhere, right?
You've created these jobs.
You're the job creator, right?
Obviously, look at Jeff Bezos.
Like, he could have brought in how much money, how many jobs, how much salary into New York, and now that's evaporated.
That's gone.
So it's so easy for someone that's making 30 grand a year, 40 grand a year, unemployed, to be like, tax the billionaires.
It's so easy for the Bernie's of the world, for the AOCs of the world to just scream, tax the billionaires, because who's going to be like, who's going to be as impassioned as PBD and say, no, these are the job creators.
This is the reason that you have things.
This is the solution.
Here's the reason that if you do that, here are the ramifications.
It's just so easy to scream, tax the billionaire.
So here's my question to you.
If you're in New York, if you're the bureaucrats in New York and you're like, look, bro, this is a stupid idea.
This is dumb.
We can't do this.
They're going to leave.
Cuomo is going to have to cook them dinner, what have you, what have you.
On the flip side, what's your solution to that?
What's your solution?
If there's a way to get a $6 billion shortfall of being poor, my goal is, I sat down with one of our guys this week, last week.
He's one of my employees.
He sits with me to tell me his vision of what dream he has for what business he wants to build.
You know what I did for 30 minutes with the guy?
We sat down and came out with a plan for his dream to become a reality.
He left fired up, confused.
Why is this guy wanting my dream?
I said, why not?
We're sitting there processing it together with him, right?
We're sitting there talking to him.
I have one goal.
I want you to stop being poor and have your own money so you can have a backbone because the more savings you have, the more confidence you have, the more confidence you have, the better decisions you'll make.
That's if you have strong character.
If you got a bad character on the inside, the more money you get, you're problematic to the economy.
If you got a sort of weak character here, that's why you first develop the character, then you help that person succeed in life, right?
So what do you do in a situation like this?
Number one question, how do we minimize people being poor?
So how do you do it?
For example, if you make $100,000 your income, I make $50K.
To me, what are you?
Double your salary.
No, no, how do I view you?
You ever remember when you were making, man, think about when you were making $30,000 a year.
How did you look at somebody that was making $70,000 a year?
That bastard.
No, but how'd you look at him?
You're kind of like, dude, I'd love to make $70 one day, right?
Imagine you're making $70,000.
How did you look at the guy making $150,000?
Oh, brother.
Let me tell you.
That's cool, man.
I want to get to you.
So at what point does that conversation not stop?
Never.
Never.
So that never.
But it's always, well, he can afford it.
Well, he can afford it.
Well, he can.
What do you mean he can afford it?
How can he afford it?
You can't afford it.
I want to increase your number.
So for me, if New York focuses on what do we need to do to get the bottom and the middle off to a good start where they can make money, get them back working, get them back generating, get them back rebuilding their confidence, then things are going to come back up.
You don't sit there and say the solution to this because taxing the billionaires is another short, you know, quick fix.
It's not going to be a good thing.
So you're basically saying that you want a bottom-up approach, not a top-down approach.
Is that essentially what it comes down to?
It's so easy to say trickle down, take the money and just sprinkle it down.
But you're saying, look, let's grow these people.
Let's grow their mindset.
So just I get a text last time on one of my guys.
I get a text last time from one of my guys.
I'm not going to say who it is, but I'll just read you what he says to me.
So this is a guy that's a very capable guy.
And for many, many years, I've been trying to see if this guy's going to get emotional or not to want to do something big.
He's not.
Emotionally good or emotionally good.
Emotional in a way where, listen, everybody needs some kind of an enemy to want to do something big.
Don't get too emotional.
No, no, it's not emotional the way you do.
I'm not talking about like crying by the cubicles because Biden won.
I'm not talking about it.
By the way, did anyone else?
Everybody ended up discouraging.
So he sends me a message.
I love it how I won the bet.
I won, but I'm the one.
But wait a minute.
When people win, they cry sometimes.
It's a good kind of tear.
It's a good kind of series.
It was very impressive.
It was very impressive.
I can't believe it.
So I'm talking to this guy.
I'm trying to find an enemy.
I said, the right enemy for you will make you XYZ money per year.
He says, one of my guys came up.
We're brainstorming on who should be our enemy.
I said, what's that?
He sends me a message.
I said, you need a true enemy, one that creates real emotion.
Okay.
When you generally have a, like, you know, the whole thing we're talking about earlier this morning with Logan Paul and Mayweather and then Jake Paul and all that stuff.
And Jake Paul's calling out Connor.
And the only person Jake Paul follows on Instagram is Connor's fiancé, which is very weird.
Dirty movie.
Oh, that's hilarious.
Yeah, it's a hurt.
Yeah.
But that's a fake Hollywood enemy.
You give a good, like Mallorga de la Hoya.
It's a real enemy.
Like how Jordan would create the enemy.
It's a real, if you got a real enemy, good things will happen.
So he finally says to me, Pat, I'm really getting sold out on my best version.
My enemy has become a negative media that perpetuates hate and lies to people to build division.
Lack of understanding when it comes down to economic principles and laws, morality, abortion.
I want to find ways to make change and homelessness at an all-time high, being worse and worse.
He's going through it.
So I ask him a question.
What kind of emotion does it produce?
He said, fire, purpose, level of anger, frustration, desire to protect, elite, and teach God.
I spoke to the other leaders, and I couldn't stop Pat.
I couldn't stop.
He texted me.
I got emotional about it.
I can't help.
This is not an emotional guy, right?
Okay.
I want to get low-income and middle-income families to get emotional about their dreams and their purpose.
It's such a basic fundamental thing that we're talking about here.
But if I get the bottom and the middle excited about their dreams becoming a reality, you'll be able to get rid of a lot of these issues that we're dealing with.
If you get middle and low-income families excited about their dreams become a reality.
Look, I've said this for the last First time I started talking about this in this method was March of 2008.
One time I got on stage, I was speaking in front of 7,000 people in Las Vegas and I was given this message.
I'm 28, 29 years old, and I'm talking exactly about this language.
There's a difference between a politician speaking a nightmare language versus a dream language.
A dream language to me is mesmerizing.
A dream language energizes people.
A dream language gets me to want to improve.
A dream language gets me to want to get up and read a book.
A dream language gets me to want to figure out a way to get better.
Like what Reagan used to talk about.
Yes.
I'm talking, we need, and by the way, even Obama talked to dreams when he was giving his first speech.
Reagan talked to dreams.
It's dreams.
We need people dreaming again.
And we're not doing that.
You don't just say, hey, here's what we got to do.
No, let's dream again.
Yeah.
Okay, a couple things.
You know, Cuomo's philosophy is tax everyone.
He's even saying taxes have to go higher in the middle.
He totally is.
But I think we give these politicians too much credit right now.
I don't think, especially in New York, I don't think any of them are thinking big picture like you're saying.
I think that's why I'm so ticked off and annoyed because they're trying to get to a one-class system in this country the way it seems.
And that's not about creating your dreams and making something of yourself.
It's to be more dependent on the government.
And my problem with billionaires is the perception of so many of them who went so far over the top to try to get a Biden, who I lump into it with the rest of these New York politicians that just want to tax everybody, you know, make it, you know, make you more reliant on the government.
So some of these billionaires, I know they can't really say anything because they have big businesses, but the ones that talk the most give you a bad perception.
It's bad marketing about the billionaire brand.
It's hard to root for them because when they are so adamant about trying to get Biden in and destroy a fellow billionaire, Donald Trump, it doesn't make sense.
It doesn't create a lot of sympathy for them.
And it's hard to understand them.
I see what you're going.
I see what you're saying.
You know, again, this is New York we're talking about.
Let's focus on this.
A lot of the billionaires you're talking about are the Zuckerbergs of the world and the Tim Cooks of the world and the Silicon Valley.
That's not these billionaires.
A lot of these hedge fund billionaire types, I assume a lot did vote for Trump, especially regarding corporate taxes.
So let's not just like billionaires, they're all Democrats.
I doubt that.
Maybe the Silicon Valley ass type people.
But I never said that.
I said what they're saying doesn't jive with what their end game should be for being that wealthy.
Well, by the way, just so you know, Facebook is in a very dire situation right now with Biden's camp wanting them to separate the entire company up with WhatsApp and Instagram, all of them.
Break it up.
So break it up.
Oh, yeah, yeah.
I mean, your policies got you, the candidate that you got.
Now they have to break you up.
And now, guess what happens next?
What happens now is, hey, we can break you up if you don't listen to us.
So you better, dot, dot, da.
So now this is where the negotiations are.
It's not just Biden's camp that's looking to break up Facebook.
I'm 46 state attorney general.
I don't think what I'm saying to you, yeah, but didn't happen.
No, it's actively going on as we speak.
Yeah, but it's been actively going on for a long time now with what these guys are doing.
Now they're going to be able to break these guys up, but will they break them up?
I will be very surprised if those guys are broken up.
Very surprised if those guys are broken up.
Very.
If they're broken up, more power to you if they are.
Well, something that I know that you're not a fan of or monopoly.
I'm not a fan of monopoly.
There's the other thing to consider.
So it's how much does China want them to be broken up because they're going to have a say in it as well.
Yeah.
So look, we're talking about this.
Now we're talking about Florida, Wall Street.
Businesses and fabulously wealthy money managers leaving New York to go to a warmer climate, a smaller tax bill.
Hardly a new phenomenon.
It's the first time industry heavyweights have questioned New York's future as a home of the big finance.
Okay.
I suspect Florida will soon rival New York as a financial hub.
Leon Cooperman, the hedge fund manager who founded New York-based Omega Advisors, told Business Insider in an email, tax and spend has been the Northeast policy.
It has to change or New York, Jersey, Connecticut will become ghost towns.
Okay.
Ghost towns.
This is a guy that's from the industry talking about there's going to be a ghost town up there.
And then some other data.
Blackstone, the world's largest private equity firm, headquartered on Park Avenue in Manhattan, is opening up an office in Miami with plans to bring 215 technology-focused jobs.
Their firm's so-called back office employees handling technology systems from Miami.
Then companies aren't just looking.
They are signing leases and preparing to physically move employees in before the end of the year to shave dollars off their tax bill.
Last year, Florida dropped its corporate tax rate from 5.5% to 4.458.
Beautiful thing to hear in New York that rate is 6.5%.
And in Connecticut, where many hedge funds are based, it's 7.5%.
Despite Florida's low rate, a 2019 investigation by the Orlando Centennial Fund that 99% of all businesses in the state pay no corporate income tax at all.
Say that last part again.
99% of all businesses in the state pay no corporate tax income tax at all.
How do they get away with that?
99%.
Let me tell you, if they do, if they do, good for Florida.
Good for Florida.
You know who benefits from that?
All the employees.
Those who want jobs.
If I was an employee, I wouldn't be complaining about that too much because that money is going to get to jobs.
Jobs creates what?
An income for people.
When people make income, who do they not rely on?
The government.
Who wins?
The state of Florida wins.
I 100% agree that those places could be pseudo-ghost towns.
Because right now, if you do a cost or a risk-benefit analysis, you know, what's the benefit of staying?
You can't even eat in a restaurant.
Okay.
And it's not like that's going to change anytime soon.
If you have the wherewithal to say, screw it, I'm moving either as an individual or as a company, and there's a better situation there, they're going to flock.
I mean, this is real.
I mean, they are going to blow out of there out of the Northeast.
Look, the shutdowns, they're not going to stop.
They're just going to find another reason to not allow us to eat in restaurants or something.
I am 100% convinced of this.
Okay.
But some states have a different philosophy and it's across the board.
Watch a football game.
The NFL should be so grateful that the Super Bowl is in Florida this year because look, they're already having about 20,000 fans per game for college games, for the Tampa Bay Bucks, for the Miami Dolphins.
They're going to be able to probably put 40 or 50,000 people in for the Super Bowl, as opposed to if it was in a different state that was shut down.
They'd have no fans whatsoever.
So, I mean, it is two completely different.
We are at a tipping point time in this country.
Smart people are making decisions.
What makes sense for the long term?
And getting the hell out of the Northeast for a lot of people makes sense.
So clearly, this is a conversation that's been going on for a long time in Florida.
Again, I live in Miami.
The New Yorkers flooding Miami is nothing new.
Obviously, since COVID, people have said, all right, I can work remotely now.
Like, what the hell am I doing at this point?
So, my question to you is, because whatever's going on in New York is also going on in California.
It's like yin-yang, same thing.
So, at what point do you say, all right, I'm moving from LA?
You love LA, you live there, you rail against the policies, you rail against living there, you rail against the taxes.
But my question is: at what point do you actually, and I'm not saying this disrespectfully, at what point do you put your money where your mouth is and move?
It's when you have an opportunity, when you have a reason to move.
You're not going to do it just for the sake of Tom.
But just so you know, Tom and his family would be ready to move anywhere if there's an opportunity that comes up.
And I'm more, I'm more personifying what someone would think.
I'm not necessarily specifically speaking about Taiwan.
I'm not saying Tom per se, but I am saying give me a glimpse as you live in California.
You love it there.
I've seen where you live, Manhattan Beach.
You want to be there, but there's like you're like, but you have to be like you're thinking about leaving.
At what point do you leave, though?
But are you asking?
Yeah, I'm asking for yourself, but also put yourself in the middle of the money.
I'm not going to move for the sake of bullshit because it'd be too hard of a sell.
It'd be impossible.
I have kids, you know, a teenager.
So that, and my other, my older daughter lives there.
So it would have to make sense.
And then you go.
Done.
No-brainer.
What he just said is most people.
Kids, family, habit, you're used to it.
I've been living there.
I know the freeways.
I know it's weird stuff.
Like when I came to Texas, the most annoying thing to me was getting used to these exits and there's roundabouts.
I think it's harder to drive here than LA.
Yeah, it's hard to get there.
I really do drive.
I'm not joking.
I get lost here more than I ever got in LA.
I never got lost.
You have no hard clue how hard it is to Uber around here.
It is.
To get it, Uber.
I don't know if you're going left, right?
But by the way, stay on this point.
And give me some insight because we've been talking about this for a while.
But at what point do you say, screw it?
I am moving.
You're not seeing it already.
I mean, you've got to realize.
So there's a few different camps, the following camps.
Those who left a long time ago.
We're not talking about those people.
Let me go through it for you.
Those who left a long time ago.
The second camp is those who just left.
The third camp is those who are prepared, are about to leave, but no one knows about it.
And there are those who are in the tipping point, about to make a decision.
Don't think for a moment there isn't a big community of people.
If I would have told you Larry Ellison's moving to California, moving to Texas.
That's Oracle.
Oracle.
Yeah, of course.
Would you have said, oh, yeah, HP, HP, H, Elon Musk, Elon Musk.
And it's just.
These are the billionaire, the billionaire class.
Yeah.
They have a lot of reasons to, you know, I'm talking normal people, working people.
Dude, I put my house on the market the other day, just two years ago.
No joke.
I put my house on the market two years ago.
For one year was our on the market.
We got nothing.
No joke.
I put my house on the market last week.
24 hours, two offers.
We gave them 12 more hours to make their final bid till 12 o'clock.
They both came to a max offer, full price.
And they said, we're in.
Everything just, it's so.
Are you about to make an announcement?
No, no, I'm not making any announcement.
The announcement I'm trying to make to you is the fact that things are moving so quickly that it's like the real estate is like here, just going.
Yeah, that's true.
Same thing in Arizona.
Dude, there's nothing to rent today.
There's nothing to rent today.
I'll give you another question.
I was renting a 14-bedroom house in Lake Tahoe.
That's where we go for Christmas.
We'll have to go to Lake Tahoe.
Okay.
Announcement.
Lake Tahoe shut down.
Heavenly shut down.
Ski Slope shut down.
Everything shut down.
You can't party internally together.
I call my guy.
I'm like, dude, what the hell happened?
He says, man, I'm sorry.
Here, they give the money back, right?
It's a fat check.
They give the money back.
I call my brokers, three of them.
We will need a vacation rental home.
Call on every single place.
Hey, how about this place?
No, you don't want to go there because they may shut down.
New York.
How about this place?
You don't want to go to Colorado because they may shut down.
How about this place?
No, you may, I wouldn't go there.
So then he says, just look at red states.
The guy's a liberal.
He said, listen, the situation like this, as a person on the left, just look at red states.
What's a red state?
Obviously, Florida is not red.
It's purple, but it's a little bit more conservative.
DeSantis is running it.
He said, your best bet is going to Florida for vacation during Christmas.
What a thing to say.
See, these are behind closed doors that people who are spending money are realizing where money is going.
So people are making.
If I'm going to go to vacation and I want to be by the beach, I want to be somewhere, golf, all that.
You know what?
It would have been Arizona.
It would have been in Palm Springs.
Not today.
Now it's the other direction.
The way people spend their money.
Is it tough to find a place out there now?
Where?
Florida.
Every house in Palm Beach is sold out.
Wow.
Rent, everything is gone.
The guy's like, look, here's what the guy said to me: make an offer because this thing's leaving.
I'm like, yeah, this is a sales pitch.
You know what happened?
We lost one of them.
So the other realtor that called me says, Pat, I'm telling you, I'm like, dude, don't worry about it.
Here you go.
Just take the damn money.
We need a place for the family.
Because you're competing against the world, essentially.
So what they're doing is they're helping states like Florida, Texas, Washington, hence the three richest people in the world, live where?
Two of them live in Washington State, no taxes, Bezos and the other one just moved to Texas.
Musk, no state income taxes.
So these are all going to places where they don't pay state income tax.
You're going to start feeling this very, very quickly.
By the way, let me give a shout out to a couple of people that are listening to this.
If you enjoyed this last conversation that myself, Tom, and Adam had, smash that subscribe button if you enjoyed it.
I want to give a shout out to a couple people.
We got a bunch of $100 ones here.
Okay, we got one.
Jean just paid $99, just paid $100 just to say she paid $100.
Gene, we love you.
Thank you so much.
Appreciate the love.
We had Maxwell Hernandez paid $100, gave $100 saying tax on wealthy people will not resolve anything.
Right.
History of the higher tax brackets of the wealthy have not shown any significant advancement aside from World War II era.
Of course, as Patrick has mentioned, there are adverse effects when done so.
Instead of higher tax bracket, he said, I see it.
He said, where are the long-term fixes?
Why not motivate the wealthy to invest in businesses to create more jobs and government sanction ROI in different sectors?
Okay, cool.
As always, keep up the good work.
Listening to the podcast for years, and by Tim and has impacted me in a way of positively personal.
Awesome.
And I got a couple other people.
Let me give him a shout out as well.
We had one other person that said, Roger Alvarez, who sat down with Roy yesterday.
Great sat down yesterday, Pat.
Yes, I enjoyed it.
Spoke to wife yesterday, and we're ready for Florida.
Cheers.
Awesome.
Good for Roger Alvarez.
Had a good conversation with him.
Proud of him for making that big decision with his family.
Okay, let's get back into it.
Let's get back into it.
So we got a few other things to talk about.
Person of the year.
Persons of the year.
Person of the year.
Joe Biden, Kamala Harris.
Were you celebrating when you saw that?
I'm going to shock you, even though, you know, obviously I was very emotional yesterday.
Breaking news: Biden is going to be the president.
Electoral college officially put him in office.
But you know what?
I'm going to shock you.
I do not think that Joe Biden and Kamala Harris should be people of the year.
You know, these are, where's the list here?
Not people.
Excuse me.
Persons of the year?
Person.
Person of the year.
People is a bad word now.
Oh, you got to be careful with people of the year.
You can't say people.
You say person of the year.
Persons?
Please don't offend our audience.
Go ahead.
Time.
Time, persons of the year.
They were the candidates.
Persons.
People's.
Person.
People's.
Singular.
Person.
Even though it's two.
Okay.
Time knows better English than you and I do.
So it's time said person of the year for two people, Kamala and Biden.
So tell us.
The four candidates were Biden and Kamala Harris or Biden, Trump, the racial justice movement, and then frontline healthcare workers coupled with Anthony Fauci.
I know we're not about to say people or persons.
In my opinion, the winner should be the frontline healthcare workers.
Are you freaking kidding me?
If in a year of COVID, they're literally giving up their lives and the death that they see on a daily basis, 300,000 deaths in the United States, over a million deaths worldwide.
The healthcare workers should win the person of the year, people of the year, crew of the year, whatever you want to call them.
They should be putting pictures of doctors, nurses, healthcare workers on the cover of Time, not Biden and Kamala Harris, not Trump, not Fauci, not social justice movement, the healthcare workers.
Time still has a magazine?
Congratulations.
That's right up.
Time person of the year is right up there with the good housekeeping seal of approval.
Okay, who gives a crap?
You're so irrelevant, Time.
You suck, basically.
Hey, let's just look at this.
She called him a racist this year.
To his face, a racist.
He picks her because he has to.
This guy can't even play with his poodle without breaking half the bones in his body.
Okay, the photo is horrible.
I mean, is that even a photo?
They look like they're dying, both of them.
It looks like you're at a funeral for both of them.
What a joke.
It's like it'd be like Playboy naming Nancy Pelosi Playmate of the Year.
What did Joe Biden do to you?
What did a Democrat do to you?
Something must have happened in your life.
That was a strict mean commentary.
That's all.
I'm just saying.
Something must have happened for you to get this angry about something.
No, man.
It's like, Time, who are you?
You're irrelevant.
I mean, they came out with their shopping list.
The shopping guy, they said, go buy a new Walkman.
When they had Trump in 2016 as Time Person of the Year, what did you see then?
So you liked it then.
He defied history.
You liked it then.
Time was relevant back then.
It meant something.
Oh, gotcha.
That was four years ago.
That's what I'm saying.
How it is.
Nice, Tom.
Pastor.
No, seriously.
Time sucks.
Who are they?
I think this happens every year, and this is exactly what they like to do.
They like to pick somebody that's going to piss you off because it's going to bring more eyeballs and more people talking about it.
And you, you know, Mark Benihoff owns him now, by the way.
You know, the founder of Salesforce?
Yes, who owns Time Magazine now?
I don't know if you knew that or not.
He bought him for like, what did he buy for?
I think he bought it for $351 million or some number like that.
Can you pull it up?
Mark Benihoff buys Time Magazine, Benny Hoff, Time Magazine, Benny Hoff, Time Magazine.
Let's see what he paid for it.
What did he pay for?
That's what I want to know.
Under 50 million, probably.
No, no, he paid a good amount for it.
$100,000.
$190 million.
That's nothing.
That just pisses me off.
That's nothing.
So, Mark Benioff, let's just give a shout out to him real quick.
Obviously, business person of the year, unquestionably, was Elon Musk.
Well, according to Fortune magazine, I think many people would agree on that.
And then Bezos, richest man in the world.
And I'm sure we'll touch on even Gates in this episode.
But Mark Benioff, Salesforce.
He just acquired Slack.
Kai probably has something that he would want to add about.
I think he's, what's he called?
Deal Maker of the Year.
This guy's an absolute stud, this guy, Mark Benioff.
Kai, what did we talk about?
No, they said he took over from Larry Ellison on the most acquisitions and acquired.
He worked for Larry Ellison.
Yeah.
He was a former.
They just bought Slack.
Yeah, the guy's, he knows what's up.
Benihoff?
Yeah.
Benihoff worked for Ellison.
Yeah, I think so.
At Oracle?
He was a vice president, senior executive.
He is not a household name in the house.
That just tells you right there the power of who you work for.
Let me tell you what that tells you right there.
That tells you the power of who you work for.
What habits and things you pick up from working for somebody like that.
Of course.
You think Benihoff would have been if he hadn't had a person like that to shadow?
What a great example of what it means to shadow somebody.
That's a beautiful story right there to be able to work with someone like that.
And plus, it feels like he's competing with them, trying to outdo him.
But you know what?
I disagree with one thing.
I don't think Time is that forward thinking where they put them on the cover to engage.
I think they're that woke.
I really do.
Okay.
Yeah, I mean, to me, I just kind of see it.
I'm like, yeah, I guess they have to announce those two as Time Magazine, Person of the Year.
I mean, who else are you going to announce?
Realistically, who else?
Fauci would have been the guy you've got.
Would it be Fauci?
They've done in the past, like in 20 multiple people is what I'm saying.
A couple years ago, I think in 2010, you know who was the time person of the year?
You.
Not you, PBD, but us, you, the people.
The people.
We were the time people of the year.
It's like, oh, damn, I'm a time person.
I might put that on my resume.
I was the time person of the year in 2010.
Me and all 7 billion of us on this planet, 8 billion.
2016 was Trump.
I kind of agree with Tom that, like, who gives a shit?
And I also agree, it is important because people do talk about this kind of stuff.
And lastly, I think they are looking to stir up controversy when they put on a Biden and a combination.
Well, they did get people to talk about it.
We're talking about it now.
If it was the health care workers, which I think should have been the time people of the year.
If you're listening to this, who do you think should have been the time?
Obviously, we know our audience loves Biden.
So obviously, I have no idea what they're going to say.
We have a Biden audience.
Who do you think should be the...
First of all, no one's going to say Trump's the time man of the year.
I mean, it's...
Yeah.
If you're going to say it's just the time of the year.
There's going to be a lot of people that are going to be able to do it.
I'm sure they're going to, but what I'm trying to say is there's going to be some that are going to say that.
I'd like to know what percentage of our audience still thinks that, agrees with Tom, that Trump is still going to be a good person.
Here's something that's a little bit interesting.
Pfizer CEO, 59 years old, has not gotten his own COVID-19 vaccine because he does not want to jump the line.
What a noble thing to say ahead of health workers and nursing home patients.
The CEO, Albert Barola, says he hasn't gotten the shot.
He is younger than the age group prioritized to get the first U.S., and he's not a healthcare worker.
He said the firm doesn't want to appear executives, can jump the line.
Thoughts on that?
What was the Ebola virus?
I think you probably get it right now.
We covered this guy, Albert Burla, if you recall.
He's the guy that did a $5 million stock exit pre-4 vaccine came out.
And you were like, I was like, $5 million.
That's it.
I remember that interaction that we had.
I think this is a nice PR move.
He's had some very bad PR over the last X amount of months.
So you don't think it's a big deal?
You think it's a good thing?
Clearly, if the guy wanted to get a freaking vaccine, he could have it.
He could be first in line.
He's the owner of Pfizer.
I mean, what are we talking about here?
But he's saying, look, I'm going to wait.
It's a PR move.
And we're talking about him.
And again, if he did or didn't do the shot and didn't say anything, we wouldn't be talking about him.
But more importantly, there is a vaccine now, right?
It happened in the UK.
Now we have in New York, the first person to receive the vaccine.
So when are you guys getting your shot?
You know, here's my opinion on the CEO.
Number one, I bet he didn't want to answer that question, but he was forced to.
Someone asked him.
I don't think he put that out in a press release.
They backed him into a corner.
He had to answer the question.
Number two, if that was the case, he should have said, I'm planning on getting it very soon to maybe exude a little bit more confidence in your product.
Because when the CEO says, I haven't taken it yet, I don't want to jump the line, whatever, it makes me think, man, you have some suspicions about your own product.
So his first scenario was never to talk about it.
But since he had to, he should have said, yeah, I'm going to a week from Wednesday or something.
It is kind of weird for the guy to say, I don't trust my own product.
You know, if you're the CEO of Lexus, I expect your garage to have Alexis there.
I'm telling you, if you're the CEO of Ford, you better have a couple Fords in the garage.
If you're the CEO of Pfizer pitching COVID-19 vaccine, I'm expecting you to say, dude, I took it.
You're fine.
You can take it.
You know what I would do tomorrow if I was the Moderna publicist or PR director, say, come out and say, I'm taking it first.
I believe in mine, you know, because they're going to be able to do it.
By the way, he's Armenian.
Time Magazine of the Year, we had a few people that said Trump.
We had frontline workers, health workers, doctors.
Some people said George Floyd, Elon Musk.
Elon Musk is all over the place.
Some said Joe Rogan, George Floyd, Elon Musk.
It's like literally 10 names.
I see a lot of Xi Jinping.
Xi Jinping, I think that could have been one.
Let's see what else we got.
Yeah, by the way, Xi Jinping is everywhere.
Maybe it's the same guy that keeps saying it, but yeah, it's the same guy that Nancy Pelosi, Thai magazine, woman of the year is who would have been.
So, okay, so now let's talk about how these companies are handling the shutdown with Google.
You guys know, obviously, Google had a little bit of an outage yesterday, right?
30 minutes to an hour was out.
Google and YouTube, and apparently Amazon had it as well the week prior to that.
What are your thoughts about a company this big having an outage, a Google having an outage for 30 minutes to an hour?
Do you have an opinion on that?
I do.
I think it's unacceptable.
I mean, I cannot believe.
I mean, when you think one thing about these tech companies is they don't have outages.
I mean, that's something that your local, you know, your local internet provider has.
You know, your cable company goes down for a little bit or something like that, not Google.
And it makes me just think, you know, this is becoming a little bit more, didn't YouTube have something a few weeks ago as well?
And I bring it back to the fact that these tech companies are so quick to have everybody work from home.
No one has to come back to the office.
I believe that there's got to be some sort of correlation between the fact that they don't have the engineers in-house, they don't have everybody, you know, under the same roof, and you're having these issues.
I mean, when you look at these corporate campuses for these tech companies, it's staggering how big they are.
I mean, we're talking about, what, 45 acres for one of them?
Yeah.
You know, millions, literally millions of square feet of office space.
And then you think what Apple, okay, so Apple just has that circular new thing.
It's like four stories tall, 7 million square feet of office space, and it cost them, what, a little bit over a billion.
And you're thinking that's nothing to these companies.
So there must be something about them not wanting to have everybody in the office.
There must be some huge savings because, you know, what's a billion bucks to them?
That's nothing.
You know, that's security for Sergey Brin for one year, probably, or something like that.
You know, it really is minimal in the grand scheme.
But I really think, and they're so quick to say, hey, you don't have to come back to work until the middle of 2021.
Or Twitter's saying you don't ever have to come back to the office.
How is that a good thing?
You know, the guy who is the exception to that is Reed Hastings.
He says there's nothing positive about us not being in the office together.
I want them all back as soon as possible.
His alternative is four days at the office, one day flex, where maybe you work at home, which I think that makes a little bit more sense.
People are going to start going nuts if they're just going to be working from home forever.
I know so many people trapped working at home in LA in California.
They feel different to me.
I think they're going a little stir crazy.
It's crazy.
You're not as active.
You don't have the social interaction.
It's a very negative thing for the country.
A couple things.
I don't know what happened with the how long was the shutdown?
A half hour?
Yeah, I think it was 30 minutes.
30 minutes.
First thing that came to mind, maybe because I was reading that Treasury story, is hackers.
You know, modern day warfare aren't going to be hot wars, aren't going to be, you know, this is why I think, you know, not to get all political, like the whole building the wall thing is so archaic.
Like today, it's, you know, bio-warfare, hacking, software, viruses, what have you.
So who hacked something is where I'm going with that.
I think so.
You know what it also, you know, the song, I'm Only Human.
You know that song they did in this auto insurance commercial.
I don't know if you've seen it or not.
The guy keeps hitting stuff and, you know, it's a great auto insurance company.
Who is that?
No, it's not.
No, it's not humanly.
So I'm only human, born to make mistakes, right?
So is Google allowed to make mistakes?
I mean, that's the part.
Can you imagine?
Like, Google's down.
We're furious.
Like, I cannot believe this free service is down.
What is wrong with you guys?
You guys better get it back up.
It's free.
Damn it.
You know, we ain't paying for it, right?
You think that's a human mistake?
No, all of the internet?
I'm saying is what Google does is it gives smaller business owners the ability to realize that even a juggernaut like a Google makes mistakes, right?
Even a juggernaut like Google can make mistakes like that.
But I do like what you said about the fact that when people are now working from an office, maybe they're not as focused as they would have been working from home.
By the way, here's how it's working out for all these guys on how they're doing their, what do you call it? Remote work.
Their remote work.
Yeah, let me take a look at which ones I got here.
So Facebook is asking people to work remotely until June 2021.
So they're going to go another six months.
Apple said that they're not in a hurry to return, at least not for several months working from home in 2021.
Amazon until June.
Some of them, some of them obviously have to work from work.
Twitter is like, listen, you can work from home for the rest of your life if you want.
Salesforce is saying you got to return to work August of 2021.
Slack is saying remotely on a permanent basis if they'd like.
And they're also saying June.
Microsoft will reportedly allow its 150,000 workers to work from home at least part-time.
This is like a hybrid model.
Reed Hastings is saying they won't open up most unless if people are, majority of the people are vaccinated.
Interesting.
So Hastings said he hasn't seen an upside of remote work.
No, I don't see any positive.
Not being able to get together in person, particularly internationally, is a pure negative.
I've been super impressed at people's sacrifices, meaning he wants people to work from the office.
Stripe is saying one-time bonuses.
They're also kind of following the norm on what's taking place.
I don't know.
I don't know about this working from home situation here.
Let me give you a little perspective here.
And I shout out to Kai for putting together all these lists of companies, but let me tell you some of the words that stuck out to me and then I'll give you my opinion.
Here's some of the words that we're using now when it comes to future of work that did not exist a year ago.
You know, remote has been a thing, but WFH, I remember that, what the hell is WFH?
Work from home.
Hybrid model, flexible schedule, virtual work, decentralized jobs, a collaboration day, like where you're working from working remotely for the, you know, four days a week, for example, and then one day a week you come in for a collaboration, collaboration day.
A relocation bonus where if you're going to move, they might pay you less, but they'll give you a $20,000 relocation bonus.
Now we're talking, we had a conversation a couple weeks ago about your employer might have the ability to make sure, mandate that you are vaccinated.
But just to put it in perspective, here's more of a macro historical perspective when it comes to work.
So let's talk about work-life balance for a second, because I think no matter what you do for a living, everyone strives to have a better work-life balance.
If all you're doing is working, right, then your personal life suffers.
And if all you're doing is kind of chilling and doing what a lot of people down in South Beach do and just kind of like, you know, work on their tand and they're not necessarily working.
And this is the problem with talent, New York versus, you know, Miami per se, you're not exactly going to be getting ahead.
And so just painting a picture overall of work, for thousands and thousands of years, people worked from home, right?
That was their thing.
Whether you were a farmer or a blacksmith or you were a tradesman, you had your, you know, farm outside your house and you lived upstairs and that was just sort of what you did.
But since the Industrial Revolution, you know, call it 150 years ago per se, people have started to show up to the workplace, right?
Go to the companies, to the factories, you know, leaving the house.
It's almost like you had a double life.
It's like you would kiss, you know, we've all seen the, you know, the Leave It to Beaver type shows where you'd kiss your kids goodbye in the 50s.
All right, I'm going to go to work.
This is sort of a madman-esque type of picture of this.
But you go to work, you leave, you're out the house by eight, you're back home by six o'clock, what have you.
You have your work life, and then you have your home life.
So, what I like about this is now maybe there's going to be a better work-life balance.
Maybe you're working from home, you know, three days a week, two days a week.
You're working from the office one or two days a week.
I think all in all, what this is going to enable people to do if they can do this, not everyone's going to be able to do this, is just have a healthier work-life balance.
So, it'll be interesting how it plays out to have more of a blended, happier life.
You know, what's up with all this corporate space?
I mean, that is a lot of office space not being used.
You got the companies leaving California.
You got the companies that say you don't even have to come into the office.
Have you thought?
I mean, that's a lot.
I don't get it.
What is the end game with these companies?
You know, it's just, I don't like it.
I'm not a fan of it.
And I think, you know, if you study this over this course of a year or two, it's going to, you know, production is going to go way down.
You know what we are not talking about, which somebody just gave five bucks a talk, but I'm going to give a shout out to Lorenzo Jay.
I do agree with them.
He said, Pat, you and Soboy of the Year have not spoken about Tony Shea and his passing.
It's being reported that COVID depression played a role in his death, right?
COVID depression is playing a role in his death.
Okay, and CNBC, I think CNBC or MSNBC, I sent you the link, Kai.
We have talked about internally, but I'm not sure.
Not here, though.
If you want to bring that up, just Kai, just you'd like writing a paragraph, buddy.
Okay, there you go.
Okay.
Tony Shea, CNBC, press control minus, minus a couple times.
Okay, there you go.
Bring it down a little bit.
No, no, the other way.
Yeah, the other way.
Tony Shea's last months are a tragic reminder of how COVID isolation can worsen mental health.
Here's how to help.
So here's a guy that's in isolation.
He likes to be around people, okay?
And there's a lot of weird stories that came out about, you know, I immediately said, rest in peace, because I remember reading his book, Delivering Happiness, ridiculous book.
I made it a book of the month.
Everybody read because there's a lot of value in it.
This guy's worth a half a billion dollars.
It's crazy.
No will.
Yeah.
Yeah, this guy's worth a half a billion dollars.
No will.
Drank a lot.
Isolated.
Drank a lot.
Tried different drugs.
Okay, yeah.
I wanted to see where you're going with this because tragic, number one, but being isolated because of COVID was not the cause of his death.
This guy was doing some weird shit, man.
But wait a minute.
Let me ask you a question.
I mean, you're going to being isolated is not the cause of death.
You don't think people are having suicidal conversations?
That's what I said.
I'm talking about him specifically.
But let me ask you a question.
Here's a question for you.
How many people, you ever seen that one movie where there's a, I wish I could know what movie it is.
Some of you guys may remember what movie it is.
This guy who, this girl who comes to work, every day she's suicidal.
Every day she's suicidal.
She comes to work and she goes and does her thing, doesn't talk to anybody.
And then one day somebody says, oh, your hair looks so good today.
Her level of suicide went lower.
It's a movie.
I can't remember the movie.
She would go to work and she was ready to kill herself and she was just like so sick of life and all this other stuff.
Dude, sometimes coming to work and you're running people, you're like, hey, what's up, Johnny?
What's up, Bobby?
How you doing?
How's everything?
Take that away from people to not have interaction with a human.
We need interaction.
Dude, you're talking about, you want to increase my immunity?
Okay.
Put me around some people a little bit for me to be able to talk to people.
What about that anxiety, that depression that also goes and affects you?
I love that point.
And I'll give you kudos to that and then I'll get back to Tony Shea.
I think Aristotle once said, we are social animals.
We are social.
People need to be interacting with other humans.
That's just a basis of life.
I mean, shout out to what we do here every day.
I spoke to my buddy, who's a huge, like the biggest Trump supporter ever.
He's out in Pittsburgh.
Shout out to Scumbag Joe.
He was shocked, shocked that we come to an office and work.
He's like, you guys go to work every day.
He's probably envious.
Yeah, well, I mean, he's, yeah, maybe.
He's still getting over the fact that Trump has a one.
But he was shocked.
He's like, hold on, what?
I was FaceTiming with him yesterday.
But he's, he can't believe we're going to work.
But in Texas, it's very normal.
Yes.
And in Red States.
But Florida as well.
Yeah, I got to tell you guys, going back and forth, it's just like entering two different universes from Texas to California.
Really?
It totally is, man.
But with Tony Shea.
Yeah.
Everything you talked about, being social, interacting, having to be like, hey, your hair looks nice.
Pat, you put the energy.
Your hair doesn't look as curly today.
It looks nice.
You know, like getting compliments.
Hey, what's up?
Cool, Vest, sick, Vest, Tom.
Like people crave that, need that, need appreciation, need recognition, no doubt.
So COVID has had some effects, especially on businesses, no doubt, no doubt, no doubt.
With Tony Shea specifically, and I'm a fan of his, even Jeff Bezos, who doesn't post a lot on Instagram.
I don't know if you follow Bezos on Instagram.
He posted a picture of Tony Shea, like respect.
But he was doing some weird stuff.
He got down to, I think, 100 pounds.
He was seeing how long he could go without eating or urinating.
Well, Adam, did you see he has this diet where it was called the alphabet diet?
Where one day you only eat foods that start with an A.
The next day it's only B.
But they literally said when you got down to WXYZ, he wasn't eating at all.
Crazy.
He lost sickness amount of food with an X.
But the saddest thing here, and he was doing all this weird stuff, he was sort of a pyromaniac.
He had a fascination with fire.
He was playing with fire.
He barricaded himself in a house.
The house caught on fire, choked on smoke, whatever happened, happened.
But extreme example versus what actual normal people are.
You don't give isolation any credit to that.
You don't give isolation 5% credit.
You could have pushed him over the edge.
That's not what I said.
I'm saying isolation is a real thing.
I talked about how people are social creatures.
And Aristotle said that we are social animals and we need to interact.
But that doesn't mean that you go down to 100 pounds, you do an alphabet diet and you become a pyromaniac.
Are you asking for me to do an endorsement of alphabet diet?
Because we're not doing it.
Is this another one of those shout outs where Pat considered doing that?
Look at for sponsors.
No, we're not doing alphabet diets.
Not on Vatainment.
No, I'm not disagreeing with you.
He's saying he was doing some weird stuff.
Even in the book, Delivering Happiness, he talks about the kind of parties he put together.
He's just a party guy.
He likes the party.
He has a lot of drugs.
He has enablers all around him, too.
No one that could tell him to stop.
But the biggest thing, and you might want to weigh in on this, he recently, well, he sold his company to Amazon however many years ago for a billion dollars.
But he recently stepped down as the CEO of Zappos.
He had all this money.
Money can't buy happiness.
He was maybe sort of lost his purpose.
He was exploring with life and the meaning of life and kind of going down a wrong path.
And, you know, he sort of lost his baby, which was his company.
I don't know, bro.
I think, you know, you need, yesterday we got some bad news.
Okay.
And I'm going to say public just everybody hears us so I don't have to say, you know, to a bunch of different places.
So two weeks ago, we announced we're having twins.
Thanksgiving, we announced we're having twins.
We went to the doctor.
The doctor's like, we have to see you guys ASAP.
Yesterday we went and did the ultrasound.
One of the babies is dead, right?
Shut up.
You have one baby whose body was right there in the ultrasound.
The other baby you see fully grown.
The baby died like exactly when we announced it Thanksgiving.
The baby died.
Okay, so baby stayed same size.
The other one has grown.
Okay.
So, you know, I'm saying this.
I'm not saying this, you know, but what I'm trying to tell you is this.
We go to the doctor yesterday.
We come back here.
Jennifer comes.
She's in her office.
Moral goes talks to her.
There's a relationship.
There's somebody that you have somebody to talk to.
I am grateful for the people we're around because you have someone to say, dude, I just had a bad day today.
Dude, things are not going right.
All good, man.
It's all going to be fine.
And the spirit around you can lift you up.
What do you do?
So for us, believe me, listen, it's been a very weird week for us.
It's not been the easiest week for us.
It's been a little bit weird because a lot of things are going on.
And, you know, I've been talking to Jenna as we're going through this.
How about the people that have things like that happen that have no one to talk to to go sit there and, you know, just, how you doing, man?
You want to go have lunch?
You want to go have coffee?
You want to take a walk?
Are you okay?
Are you good?
Did even somebody asking you, are you okay?
Is everything all right?
Yeah, I'm good.
That release of man to man, women to woman, face to face, it is liberating.
You need it.
People need it.
So many of them don't have it.
You have to have somebody to talk to.
And that Zoom is not giving you the personal touch, by the way.
Zoom is not the personal touch.
Zoom is great technology.
You know, it's changed.
Obviously, he became the businessman of the year, the person, business person of the year with Time magazine for what he did with, I think he was the guy that became the business person of the year for starting and for doing what he did with Zoom.
But people need the personal touch.
And I feel a guy like Tony Shea just needed somebody to tell him, bro, you got to slow your roll.
And you just sometimes need to hear that over and over and over and over again until somebody says it the right way.
And you say, you know what?
That was soothing.
That was comforting.
You're comfortable with it, right?
So, yeah, look, I feel bad for people that are fully isolated away from everybody.
Well, condolences, man.
Yeah, I appreciate it.
For sure.
Really sorry to hear that.
You know, the new normal, this is becoming a new normal.
Who defines that this is normal?
You know, I look at, you know, I think people are going to grow to hate Zoom.
I think people are going to go to think of Zoom as a negative.
School, my kids have been on the Zoom school for nine months.
It's going to be a year in March, and there's no hope for them going back to school.
And it's just, it's so unhealthy.
I mean, you've literally given up a year of your life.
I mean, and there's no end in sight.
It's depressing.
It's terrible.
Have you ever seen how single babies, babies who are one child family, how different they are than those who have a sibling?
You ever studied, you ever notice the trend with people that are by themselves, grow up by themselves?
Look at a guy like Robin Williams.
It's very famous.
Only child syndrome.
Only child syndrome.
You know, it's a little bit like, man, think about being the only child.
It's not, you know, like when we, when we, I intentionally, when we bought a dog, I bought two of them.
You got two kids.
You got two pit bulls, right?
I don't know about getting one dog.
You know, it's like the guy needs company.
You know, you know, siblings.
I don't know about one child.
It's tough.
And by the way, some people make a decision to do it.
Some of them can't do it.
So not judging anybody that your help is not aligned.
Some people are just glad and thankful that they just had one.
But look, that whole one child, you know, story is, you know, the kid can only tell mom and you can't relate.
He has to have somebody on a daily basis to relate to a kid.
Somebody at least that's two, three, four, five years his age, where there's some kind of non-isolation.
You're working from home all by yourself, bro.
I don't know.
I don't know if this is, I don't know if we know the side effects of this long term.
That's all I'm saying.
We were holding a meeting, right?
And my guys are saying, well, what do we do with this?
There's a meeting.
I'm supposed to be in San Antonio this week.
And the conversation was they're doing it at this place, a real nice place, Lake Tahoe, beautiful home.
We did an event two years ago.
They had it locked in.
Everything was set up.
And then they get the notice.
I'm supposed to be in Lake Tahoe this Friday for an event.
And I'm supposed to be in Lake Tahoe next week for Christmas.
So we get the award this week for Lake Tahoe.
Okay?
What do we do?
I said, people need to be around people.
Figure out a way to go to a state that allows you to be around other people.
Yeah, follow the six feet, the whole nine.
So guess what state they're doing their event in?
Texas.
Guess what city?
San Antonio.
Hotel founded, opened it up.
Great, they're going to follow the guidelines.
They'll be in the same room together because people need company.
And I'm doing a kickoff meeting beginning of the year, January.
I think a Sunday, Monday kickoff meeting, right after New Year's, I'm holding a kickoff meeting.
I've been doing this for a long time.
This year, we're doing it live here in Texas, Dallas, at a hotel.
We're going to follow the six-feet guideline.
But we're doing it because people need to be around other people.
I think that shows leadership for these companies that say, hey, we can't interact.
And you know what?
Here's the last thing I'll say.
You look at California, which has shut down everything.
New York, which is on the verge of shutdown and everything.
It's not working.
It's not like that is resulting in these numbers radically going down.
So you look at this objectively and you're saying, okay, they're putting all these harsh restrictions on you.
You can't interact.
You can't go to work.
You can't go to school.
You can't go to church.
And yet it's not moving the needle one bit.
Well, your kids are all in school, right?
Now they are.
Yes.
They're all in school now.
Two of them were not.
They had to shut it down for a couple of weeks, but now they're all going to school.
Yeah.
But the high school at the school is shut down fully.
Yeah.
The high school is shut down.
So the younger, the kid, the younger kids.
A little bit more.
I mean, these kids need to be around other kids.
I mean, imagine.
I can't even tell you.
Like, I remember when my son was like 60 days into it, he's at home isolation.
He's like, he was losing it one day.
I mean, he was like completely losing it one day.
Tico.
He was like, man, I got to be, but what's going on, daddy?
What did we do wrong?
He said, Daddy, you didn't do anything wrong.
This regulation.
I want you to be around your friends.
So I was, they were coming to the office.
They were happy to see you guys.
They were coming here like, oh, what's up?
You know, walking around just like seeing human beings.
Oh, there are people out there.
But not a lot of people can do that.
You can bring your kids to work.
Yeah.
Not a lot of people can do that.
And then you compound it with there's no other releases.
You can't go to the park.
You can't work out.
You can't go to the gym.
You can't play in your organized sports leagues.
It's terrible.
Yeah, I have a nephew.
He's nine years old.
My sister's son.
That's like my little best friend.
They've only had one kid.
And I make a point to make sure that I'm hanging out with that guy.
I'm bringing him around all of my best friends' kids.
Like, listen, you got to interact here.
Yeah.
Because I saw that he was becoming a little like, that's my stuff.
Don't touch it.
I'm like, listen, buddy, like, I'll house all your shit.
I don't think, like, we're not playing that game.
We're not playing the selfish kid game.
You're going to learn how to share.
You're going to learn how to lose properly.
You know, like, I'm not going to just let you win.
Only child syndrome is a real thing, and you got to teach them.
I'm going to give the complete opposite.
Somebody just gave five bucks and they said, my son is an only child, but he loves the online school for the flexibility.
And now he spends more time with his friends.
There are some stories like that, you know, to be complete opposite of what we're talking about.
And then Nova Terre just gave 10 bucks and have an online business.
I chill and work from home all the time, barely have friends, haven't been outside in literally months.
I'm one of the crazy few who can live like this.
Ha ha ha.
There are people that can live like that.
Introverts.
There are people that can live like that.
You know, Pat, I think Adam could be a good dad.
That was seriously, I think, Adam is.
I think Adam worked.
I think Adam will make a wonderful dad.
Adam will make a wonderful dad.
But, you know, when it comes down to marriage, man, you fall in love emotionally, but you got to marry logically.
You fall in love emotionally, but you got to marry logically.
It's a very...
That's my biggest problem.
Yeah, I know.
You want to get married.
Very emotional.
There's no logic going in.
Dating the wrong women.
Well, listen, if you're looking on Tinder, you're going to just constantly fall in love emotionally.
It's just a bunch of emotions.
It's not speech, bro.
Oh, it's not.
It's OnlyFans.
It's OnlyFans.
It's what you told me yesterday.
It's OnlyFans.
It's my favorite.
We went there.
Why don't you tell us about the OnlyFans story you brought up yesterday?
Oh, no.
I mean, just in general, or I mean, gamification, you were like third highest scorer with the most money spent on OnlyFans.
I said a ho-ification.
I'd like to see if our audience has any thoughts on OnlyFans.
I'd love to hear it in the comment section.
So one of the businesses that has definitely blown up since the pandemic is OnlyFans.
Now, what is OnlyFans?
It's basically this paywall on the internet.
Tell me you know about this.
You're looking at me like, what's going on?
No, I do know.
Yeah.
All the women out there, for the most part, there's men that do this, I assume, as well.
Women out there, and specifically, I'm talking about the porn stars, the strippers, the dancers, the cocktail waitresses, you know, a lot of you know, prettier women who were workers, ladies of the night, that no longer could go to work.
How did they make their money?
They went on to OnlyFans, and basically, there's a lot of women.
Emma, what's the girl's name?
Bella Thorne.
Bella Thorne.
She made a million bucks in like 20 minutes or something like that.
Yeah, something ridiculous in a day.
Basically, people pay, you know, peep show.
Peep show.
Exactly.
Exclusive content.
Exactly.
Exclusive content.
It's a break.
What have you, what have you, what have you.
So, you know.
You know, think about it.
You go on Instagram and you just got to build followers and hope advertisers send you money or something or send you swag.
So you're good with this OnlyFans.
Oh, I think it's brilliant.
I mean, it's capitalism at its finest.
And you know what?
People are used to that, you know, that subscription model for everything they do.
And I don't think you think of six or seven bucks is a big deal anymore.
The problem that I'm that I'm seeing with this OnlyFans thing, and look, I get it, capitalism, make your money, is okay, I get the strippers and the dancers and porn stars and the girls who were like, you know, cocktail waitresses at a strip club, but they weren't really stripping, whatever.
And like the Instagram model, I get those girls.
Like they're going to go naturally go onto this website, OnlyFans.
Did you ever strip?
No, no, no, no.
Would you have?
Did you ever strip?
I never had the abs for it, man.
No, but let's just say if you had the opportunity, would you have?
No, that's not.
Why not?
He was more to the point.
What about?
But I'm asking you.
What about you?
So I'm asking you a question.
Would you have stripped if they paid you good money?
No, I just never, that's never.
Tom?
Tom's blowing my mind over with what he's probably not.
No.
They pay you good money.
All the way strip or just like a Chippendale thing?
Ricky.
Never.
Never.
Would you have?
You know what?
Maybe.
I'm thinking about it now.
First of all.
Fuck it.
Let's do it.
Fuck it.
19 years old.
Let's get crazy.
Here's my point with the OnlyFans thing.
So you would be an OnlyFans guy.
It's the girls that graduated college, didn't have a job.
They have a degree.
It's girls who just had normal jobs.
They got laid off.
They were just normal waitresses, cocktail waitresses, whatever.
Now they're doing it out of the film.
Now here's the thing: if you're going to make us talk about a brand like OnlyFans, this is where you get sponsorships.
Yeah.
Why didn't you go to OnlyFans since you're such a die-hard fan of them to say, I endorse OnlyFans.
My name is Adam Smith.
I've never signed up.
I just know that there's a lot of girls that I know that are doing it.
It is what it is.
It is what a lot of people are realizing.
I'm learning a lot about you.
So there's nothing about that part that's soy boys.
I mean, think about it.
They have nothing to lose by doing this.
And they throw a little bit of money.
That's not true.
There is something.
I mean, we saw the story in the New York Post about like an EMT lady, a nurse in New York.
She was, you know, doing some OnlyFans.
Listen, if you're doing OnlyFans, you're doing some risky stuff online.
New York Post called her out.
And so there's women that have normal jobs, you know, by day that want to make some extra side hustle money, but they get called out for doing some what I call it.
I think this is a perfect transition into our sponsors today, ExpressVPN.
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I don't want people to see it.
Yes or no?
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That includes if you're going on OnlyFans like Adam.
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That would only happen if you were to talk about OnlyFans.
Yeah, good segue.
That would have only happened.
I'm setting you up for success here.
Shout out to ExpressVPN.
I can go on OnlyFans anytime I want without anybody worrying about where I'm going.
Now, when you use ExpressVPN and you're on Pornhub, do they see it or not?
They actually don't.
They don't.
I wanted to make sure because it's very important for someone else.
No, no, no, no.
Okay, so Russian hackers.
So Russian hackers.
Let's talk about Russian hackers.
Speaking of hackers and porn and OnlyFans, Pat is killing it with the segue.
So Russian hackers suspected of spying on U.S. government, including Treasury and Commerce Department.
Russian hacking is likely to become one of the top intelligence priorities of the Biden administration.
Okay.
Suspected Russian hackers have infiltrated several key parts of the U.S. government, including the Treasury.
We know that.
The security breaches were so alarming that they promoted, prompted the National Security Council to meet Saturday.
Reuters reported and come less than a week from less than a week after the National Security Agency warned that the Russian state-sponsored actors were exploiting weak spots in the computer system used by U.S. federal agencies, U.S. federal agencies, and ministers, including Treasury Commons.
Got it.
This is a much bigger story than one single agency.
A source familiar with the story told Reuters.
This is a huge cyber espionage campaign targeting the U.S. government and its interests.
Thoughts?
Worst case scenario.
I don't think there's any way to minimize just how terrible and serious this is.
I mean, when you look at it, I mean, they've been inside their system since March.
All right.
Covert.
And these are the best hackers in the world.
Okay.
So SolarWinds.
You're saying why them?
Well, because look at their clients.
Most of America's Fortune 500 companies, top 10 U.S. telecommunications providers, all five branches of the U.S. military, the State Department, National Security Agency, and the office of the President of the United States.
While we are off worrying about ourselves and bickering amongst each other between Republicans, Democrats, and thinking China's our only enemy, Russia's sitting back there, very sly, very savvy, very smart, looking to destroy us just like some of these other countries are.
This is huge.
I would love to know what they got.
I hope we A, retaliate against Russia, okay?
If it's Russians that did this, we have to retaliate in some way.
Now, look, I think we probably have better hackers.
I mean, what we could be doing to other countries, or we might have some silent threats that we could shut down your grid in five seconds or do whatever.
I would imagine that, and Eric, you probably know some of the tactics of our military cyber teams, but I'm sure we're top, top shelf.
And I also think this company in Austin, Texas needs to have some repercussions.
Solar winds.
Do you not have anything in place where you can't tell that half of the Kremlin is inside your system?
I mean, my God, this is horrible.
And, you know, the treasury, I mean, when you just think of some of these places that they've infiltrated, it's bad news.
Yeah, this is a major worry.
I mean, we talked about last week about who's the number one threat to the United States is.
For sure, it's China, no doubt.
Economically, for sure.
When it comes to cyber, look, Russia don't play.
And Tom brought up a good point.
Here we are arguing amongst ourselves, the Proud Boys versus Antifa and the left versus the right and Trump versus Biden.
But let's not forget we're all American here.
And we have countries around the world who are definitely rooting against the decline of America and put Russia at the top of that list and put Vladimir Putin right at the top of the top of the list with Xi Jinping, right?
You can put Iran on that list, North Korea on those lists.
These hackers don't play, and I'd like to see, this is what I talked about earlier on the show, modern warfare, right?
It's cyber, it's bio-warfare, it ain't hot wars anymore.
You're giving me a little smirk.
What's the smirk?
Do you remember a couple episodes ago?
I said, watch how close, how the left and Biden pitch who the next enemy is.
And I told you it's going to be Russia.
What did I tell you?
And the attention is going to get away from China.
You don't remember me saying this?
I do.
When did I say this?
Okay, no, no.
You said this last episode.
When did I say this?
Two weeks ago.
Okay.
Go ahead, Kai.
What if this is a Chinese hack making it look like a Russian mock?
Yeah.
So for me, it's so easy to blame everything on Russia.
The old Chinese hack and the business.
Blame it on Russia.
That old move.
Guys, it is so easy to blame everything on Russia.
Russia is such an easy target to hate.
Putin's so much easier to hate than China.
So much easier to hate than China.
So look, I'm not saying read into it.
All I'm saying is I'm not getting emotional about the story.
Here's what I do know.
Guess who's hacking into our system?
They all are.
Everybody is.
But who you pitch as the biggest enemy?
Everybody's hacking.
You think China's not hacking into our system?
Are you kidding me?
The insiders, they have.
Did you hear about that sex spy that they have?
The lady that you read about that, right?
I think you even wrote about that, right?
On vtpost.com.
Yes, there's a sex spy, Chinese sex spy.
You want to tell us about Chinese sex spy?
She's also hanging out with Derek Swalwell?
Yes, that's something different.
Literally, and she's not the only one.
They think there's hundreds that China has set in here, and it's a brilliant move.
They get these charismatic, beautiful people that are essentially working for the Communist Party in China.
And they send them over here and they infiltrate it.
They get close to these politicians.
They're having a sexual relationship.
They're getting all kinds of dirt.
They're probably getting access to their computer.
I mean, you can see how vulnerable these politicians are.
It's a very effective method, by the way.
Yeah.
I got to make a phone call.
There's this Asian lady I've been talking to lately.
Well, you can get away with it because she's on OnlyFans.
But, you know, the whole thing here with this is a very similar story of Red Sparrow.
Yeah.
Okay.
Red Sparrow, if you've seen the movie, I don't know if you've seen the movie.
Enlighten us, Pat.
You've never seen the movie.
I don't know.
The book.
Have you read the book?
It sounds like a bad thing.
You guys know the story?
Red Sparrow is exactly what China's now doing, that Russia used to do.
Beautiful Russian women who were fully trained.
They would come in and they would go and get into the most powerful politicians' bed.
And, hey, then negotiation is very easy.
We have tape.
We have this.
We have that.
If you don't want it to come out, you better give us this.
It's a very, very, very effective method because man's weakness is through his zipper.
If you can get in there and get some videotape and negotiate that through, you know, by the way, one of the best guys at doing that is apparently Borad because he knows how to go and get some other guys and get him to get him on tape.
It's not a hard method to do.
Shout out to Rudy Cole.
Did I tell you the insurance story about this one guy that they were fighting for a $35 million policy, what the other guy did?
Did I tell you this story or no?
No, bring it up.
I talked about it.
Yeah, I think I did talk about it.
Anyway, this isn't a drop it low.
This isn't a new thing.
This is a method that's been going on.
I'm just curious to know who they're going to pitch as the big enemy.
Will it be Russia for us to be scared?
Would Russia take offense if they're being blamed for no reason?
They're going to say it's not a sorry or they're not going to be able to do it.
I don't think Putin might.
That's probably two different things.
I think Putin's the kind that's like, listen, keep building me up as a big renem.
It's okay.
Scare the hell out of everybody with me.
Two things.
Very well maybe Russia if they're coming out and saying it.
So let's just not pin this on China.
But one thing I know for sure, Pat, we're not going to give China a pass on this show right here.
We're going to hold China accountable.
So even though Biden may, even though our friend Hunter Biden may, even though the left-leaning Democrats, why do you love China?
Who loved China?
What is it with you protecting China?
Maybe there's this Russian China red sparrow that I'm talking to that has infiltrated my mind.
Why are you so sick?
And my zipper, you never know.
And why are you so protective of China?
I'm not protecting.
I'm protective of China.
Honestly, open it up right now.
Stop it, Pat.
Listen, I don't want you to be isolated by yourself.
You've got friends here.
Tell us, why do you love China so much?
Yeah, I just, I don't have an answer to that.
I do not love China.
What do you think it is, Kai with Adam's infatuation with China?
He's got to be on the payroll.
If China wants to pay me, he's like Hollywood.
China tried to pay you a million bucks.
Holly Baba paying $100,000.
China tried to pay Pat $600,000 to come give a speech.
Well, they're going to give you $300 and they were going to dedicate $300 in your honor or something like that.
So we got on the call.
Were you on the call when we talked, China?
Yeah, I think I was there.
You were on the call.
So they gave me $600,000 is what they wanted to do.
Fly you to China.
I fly to China and I hold the check of $300,000 to give to their charity of choice.
Their charity of choice.
Their charity of choice.
But I keep $300, of it, and I give $300 to them, which, by the way, I've never heard of anything like that in my life.
Then they have you as a propaganda tool.
I mean, it's basically, I mean, you know the playbook exactly, but it works in Hollywood.
I mean, didn't Jack, the founder of Alibaba, he owns half of Hollywood.
I mean, he owns half the studio.
That's quick pro-crow pay-for-play.
Look at the NBA.
But you know what?
Here's the thing about China, not to change the subject too much, but they've had this game plan and they stick with it.
I mean, they've came up with this game plan decades ago, and we're playing right into their hands.
Okay, question for you.
If you're watching this, let's play this card here together.
Okay.
If you think China is the bigger enemy than Russia, put thumbs up.
If you think Russia is the bigger enemy than China, put thumbs down.
We're at 773 to 3 right now.
They're really enjoying today's podcast.
Where do you see that?
Yeah, they're really enjoying.
There's a part in there.
There's a thumb like this and a thumb like this.
I see that.
Yeah, so 773 to 3, buddy.
It's basic technology.
I don't see that.
Okay, who is the bigger enemy?
China or Russia?
Thumbs up for China, thumbs down for Russia.
I'm actually curious to know where this goes from here.
Okay, why don't we talk about India's farmers?
Because this is a very, the biggest protest ever in human.
You guys know the number?
How many people protested?
A quarter of a billion people participated in a protest.
Basically, every adult in the United States.
Basically, every, no, no, every adult in the United States is 150.
Every working adult in the United States is 150.
A quarter of a billion people protested in India.
This is ridiculous.
Why India's farmers are protesting for nearly two weeks, tens of thousands of Indian farmers have camped out on New Delhi to protest a set of new farm bill passed by country's parliament, country's parliament in September.
Thousands more from the neighboring states of Haryana, Punjab, and Uttar Parades look to set to join in coming days, even as police try to block them from entering the city.
These protests are not isolated movement.
On November 26th, an estimated 250 million citizens participated in a 24-hour general strike held to challenge the new laws 24-hour on November 26.
The magnitude of the protest should not be a surprise.
Agriculture employs about half of Indian workforce, although it accounts for only one-sixth of India's GDP.
Some of India's farmers are among the country's poorest people, but government policies have long protected them from the ravages of open market prices.
They cannot enter contracts with private companies, a practice known in India as contract farming and sell those, but some of them are hoarding.
Anyways, there's a lot of stuff going on.
Obviously, India's millions of farmers are clearly angry.
They believe the new rules will open them to exploitation by giant companies.
And as Barakta Dut writes in Washington Post, there's broad national sympathy for the protests.
The moral force of the Indian farmer cannot be underestimated, she argues, describing scenes of the elderly protests spreading blankets under the wheels of their trucks to sleep in the cold winter.
There is subliminal collective guilt at the sight of farmers.
Thoughts.
Man, my heart goes out to them.
I mean, these people are making on average $140 a month.
And you're thinking to yourself here in America, well, you know, these are Indian farmers.
How does this affect us?
Well, if you peel it back a little bit, that's 68% of the world spices that they produce in India.
It's 40% of the cotton produced in the world.
Basmati rice comes from India.
They're the largest milk producer in the world, and they're the second biggest producer in fruits and vegetables.
So it's unbelievable.
Now, weren't we supposed to like that?
What you're saying, that's very powerful.
The world is affected by it.
Totally.
The world should be paying attention to it.
Cotton.
I mean, this affects clothing, you know, and so many different things.
And we were all led to believe that this new prime minister of India was supposed to be this progressive guy.
You know, he's the one behind it.
Yeah.
He's the one behind it.
But now he's trying to sell it like this is going to be more opportunity.
But what these individual farmers are worried about is, you know, the big, big factory farms are going to come over and take over everything.
And you know what?
Here's the other thing, too.
And if you really want to get conspiratory here, could you weave China into this?
I mean, China, is it a possibility that they have something to do with this too to get this protest going during COVID to maybe lead to more deaths in India?
I mean, during these protests, people are going to be close together.
I don't know.
But this is a big problem, and I hope they get it solved.
250 million people protesting.
24 hours?
How long did they protest?
24 hours, November 26th.
How many stores were looted?
God knows.
I don't know.
I don't know.
Hopefully they.
But look, I don't know much about the Indian farming economy whatsoever.
So this is where I'm going to pass the ball back to Tom.
He did his research.
But 250 million people, that is absurd.
I mean, there's how many billion?
I mean, 1.something billion people that live in India?
They're more than China or they're passing China?
Not yet.
But they're going to pass China.
I don't know.
It depends on who's at making babies.
What's the population, India versus China?
China's got a 300 million lead.
They're just looking population in general.
China's got a 300 million lead, I believe.
India is 1.35 billion.
Oh, they're about to pass up China.
They're about to pass China.
By when?
I mean, at this pace, it's not far off.
But go ahead, make your point.
No, there's no point here.
It's just a shitload of people in India, and clearly this is affecting India.
This is affecting the world.
That's like if every single person, an adult in America, protested in one day.
In the last 20 years, farmers have been affected by the regulations for a long time.
This isn't a new thing.
This has been going on for decades.
It's nothing new.
But in the last, maybe this is not a bad video for us to make, similar to a U.S.-China trade war to make this video.
I think it's actually a very good idea to make the video.
I think it would get a lot of India.
Yeah, no, we have, I've been to India.
You know, we had a great time with India.
Our audience, you know, we love the Indian folks.
And they're very hardworking people.
And I kind of like that capitalism has helped them out a lot.
They're coming up aggressively.
They went from being a non-issue GDP-wise.
I think they're in the top seven right now and climbing aggressively.
And I think they can compete for the top three spot in no time.
GDP.
GDP, no question about it.
Between U.S. and China.
Brother, let me put it to you this way: some of the best engineers in America are Indian.
We've got a couple of people.
IIT, IIT produce, of course, we do.
They're geniuses.
IIT produces some of the best engineers in the world.
There's a study that was done where they went to do market research.
They went on the MIT campus, and then they went on the IIT campus to see who produces better engineers.
And they gave them some basic tests.
Here's a wire, here's a battery, here's this.
Make this light turn on.
The MIT people, they don't know how to do it.
The IIT is like, what do you mean?
This is elementary.
This is nothing to us.
And here's kind of turn.
So IIT produces ridiculous engineers.
So India is going to be competing.
In the last 20 years, do you know how many farmers, people who own farms, do you know how many of them have committed suicide in the last 20 years?
In America or India?
In India.
How many have committed suicide specifically in the farming industry?
What do you think the numbers in the last 20 years?
200,000.
300,000 of them have committed suicide the last 20 years.
When they're only making $140 a month.
How are you going to take care of your family?
And by the way, you know, farmers, it's not like a sexy thing you do.
You're like, oh, what do we?
I'm a farmer.
Oh, my gosh, he's a farmer.
You know, nobody sits there and says, sex.
When somebody says, I'm in the military, what do you say?
Ah, you know, he's anky for your service, bro.
It's all good, right?
When a war happens, you kind of like these soldiers to go to war.
When you're getting arrested, somebody's breaking into your house.
You kind of like cops.
When all of a sudden the cost for what you're buying skyrockets, you're looking around, getting pissed off at people, and you're realizing, what happened over here?
Well, regulation, farmers, you're hurting them.
The big corporate.
Remember when we did that one conversation with Shad Solomon, the owner of the rancher?
He was talking about meat and what's going on with meat prices in America where a handful of companies are really controlling everything and it's forcing meat prices to go up and you now don't know whether your meat is from America or not because they don't want to put it on there.
So it doesn't say made in USA.
You don't know if your meat you're buying is from China or not.
Go ahead.
Even when it's made from, made in, says made in USA, it could just be packed in the U.S.
It's packed in U.S., but it's made somewhere else.
So they're pushing for the farmers in U.S. want to push to say that this meat is made in USA.
The big companies are saying, no, we don't care if it is or not.
We just will say, well, pack it in USA, but we sell it at a price.
And then I asked the question, I said, how many people actually care about the fact that you know where your meat is produced?
And people said, it matters to me.
When's the last time you checked?
And everybody's like, I never checked.
That's the point.
So then you start looking at ranchers and saying, huh, these ranchers are more important.
I never thought about ranchers.
What is a rancher?
They look like.
What do they do?
Listen, ranchers, farmers, these people.
What they do is very, very important.
And it's very sad what's going on to India.
I hope I would encourage them to not stop voicing their opinions and where they're at.
And hopefully, eventually someone's going to turn.
I know it got ugly a little bit.
You know, you had the government got in.
You're talking about guns.
And, you know, it got very ugly.
If you've seen some of the riots protests, that's not looking good.
Well, and the other thing, too, is you think of them as maybe a little bit more reserved or docile as far as their character and whatnot.
But the passion you see in these photos with these protesters, man, this is everything to them.
You could just tell, you know, they're not going to go away.
This is going to be a battle for that government to try to win.
Well, something that resonated with me when you were...
Can I make a note of it for a video?
I think that's definitely a video.
Given your impassioned point right there was we've learned the term.
I went on the terms that we talked about when it came to work.
You know, obviously hybrid, work model, virtual, decentralized.
But one of the terms that we've come to learn is essential worker.
A farmer is an essential worker.
It's not the sexiest job unless you're going there.
I think there's a website called Farmers Only.
I don't know how I know about that, but Farmers Only.
But check out OnlyFans, the Farmers Only, but these are essential workers.
That is good.
That is good.
Hey, by the way, wouldn't it be a good idea?
You know about Farmers Only.
I've got farmers from Minnesota.
Yes, of course.
Of course.
Of course, I know Farmers Only.
Wouldn't it behoove us as a country to become aligned with India as much as we can, as big as they're becoming within?
I think so.
I think so too.
Because they're in democracy.
They're the largest common enemy.
Share a common enemy, and they have a stronger backbone towards China than U.S. How many apps have they banned from China?
150 apps or something like that?
I kind of like it.
If we're going to go against China, you know.
Yeah.
Good to have India on our side.
Look, listen, this podcast, the attendance keeps getting bigger and bigger.
I wish we had more time with you because we've got so many different topics.
A quick shout out to Mark Cuban.
We take a lot of shots at Mark regularly.
Oh, wow.
I do want to give a shout out to Mark Cuban.
One of the things about Mark is you got to give props to him being a ridiculous owner.
Like, seriously, the guy is a phenomenal owner to play for.
This guy ends up signing, giving J.J. Burrell $2.6 million.
I don't know the exact number.
$2.2 million.
$2.2 million.
He gives them $2.5 million.
What's the number?
That's minimum.
He gives them a $2.6 million last week.
After he gives them $2.6 million, they release him.
So here's $2.6 million.
Then I release you.
Respect.
And like, look, thank you for what you did for this for this 11 years.
He was a scrappy player, too.
He was a scrappy player.
Plus, he was married to the game.
Killed the universe.
Did you know that's a good one?
Very cool.
Kai, pull that one up.
Very cool.
I've got a funny J.J. Berea story, actually.
Here we go.
So, you know, a lot of the NBA players party in Miami.
They, you know, winter in South Beach.
And, you know, one of my best friends is Chris Humphreys, played in the NBA for, you know, 15 years.
Recognizable guy, 6'9, married Kim Kardashian, the whole story.
He called you the other day.
He was with his current girl.
Yeah, with his girl at lunch when we were building Lego.
I'd like to take that weekend back in my life.
We didn't break the record.
I don't know.
I'm not sure.
Chris was impressed when you said you were playing with Lego.
He's like, oh, I'm out here in South Beach.
Ray Approach.
I'm like, I'm here with my friends playing Lego.
I'm the world's largest Lego.
He's like, cool.
I'll catch you later, buddy.
I'm going to go back to doing my thing.
But so this is like the height of the whole thing.
This is in like 2013, 2014.
You know, Mavericks beat the Heat in the finals, and Chris was on the Mavericks, whatever, whatever, whatever.
And people came up with him.
This is a couple years after that.
But point is, he was at the height of his fame, recognizable.
And these kids came up and they're like, hey, Chris, can we get your autograph?
We have a basketball.
Can you get your autograph?
And I'm like, you know, like he's giving the autograph and they're like, you're not going to get his autograph?
They're like, who are you?
I'm like, I'm JJ Perea, man.
What are you talking about?
Like, you're JJ Berea.
Let me sign that ball for you, buddy.
So there's a kid out there that's got a Chris Humphries and JJ Berea signed basketball.
But it was the soy boy mafia.
We did it again, y'all.
Oh, my God.
But that was a big one.
So, I mean, I didn't think I was going to say it was LeBron.
I went with JJ Berea.
Shout out.
Okay.
Shout out to Cuban for him for doing what he did with J.J. Berea.
The question is: if he gets released and comes back and signs down their team and hits a big shot against the Mavs in the playoffs, he's a crazy player.
But look, again, I respect owners that take care of their players.
And you got to give a shout out to somebody that takes care of his players.
Having said that, gang, if you enjoyed today's podcast, push that subscribe button.
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I think once we crack 100,000 subs, we'll probably consider going three or four times a week.
But until then, we're probably going to be once or twice a week.
Once it gets to 100,000 subs, we will probably put more time into this podcast because we're having a lot of fun with it.
And we think a lot of good comes out of this.
Having said that, thank you for being with us the last two hours.
Have a great next 48 hours because we'll do it again on Thursday.
