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Speaker 1: Welcome to Worst Year Ever, a production of I Heart

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Speaker 1: Radio Together Everything, So don't don't hello and welcome back

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Speaker 1: to Worst Year Ever. My name is Katie Stull. Uh.

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Speaker 1: Today we have a very special guest, Mark Cuban uh

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Speaker 1: and UH, the boys, Sophie and I chatted with him

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Speaker 1: for a very long time and that's what we're presenting

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Speaker 1: for you guys today. I will give you a quick disclaimer.

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Speaker 1: There were some audio issues and we're we are addressing them,

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Speaker 1: but you're you love us and you're gonna roll with

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Speaker 1: the punches, I think, UM cool. Anyway, here we go. Um.

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Speaker 1: So yeah, Mark, thank you for being here on talking

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Speaker 1: to us. A little background so about I don't know,

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Speaker 1: many months ago I responded to some of your tweets

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Speaker 1: and then we had a little back and forth and

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Speaker 1: that was fun. Uh. And then we did a little

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Speaker 1: d M S. I believe I asked you if you

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Speaker 1: would give me money a bunch of times, um, and uh.

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Speaker 1: We ended up we talked about like you know, capitalism, socialism,

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Speaker 1: a lot of different things, um, which I think we

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Speaker 1: something like, well you got so much, just give me some, right.

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Speaker 1: I mean that logic seems sound to me, but so

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Speaker 1: I think we do disagree on a lot of things. UM, so, uh,

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Speaker 1: we'll probably get into that, but um, we also will

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Speaker 1: you know, we'll talk about all the things that you've

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Speaker 1: done recently and in general from your position. But on

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Speaker 1: that note, we sort of wanted to open up about

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Speaker 1: the sort of larger question that we I think got

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Speaker 1: into a little bit where um Alexandro Acasio Cortez, as

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Speaker 1: we all know who she is, um her senior counsel

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Speaker 1: and policy advisor Dan Riffle change his Twitter name to

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Speaker 1: every billionaire is a policy failure. Last year in September,

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Speaker 1: Bernie Sanders wrote there should be no billionaires. We are

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Speaker 1: going to tax their extreme wealth and invest in working people.

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Speaker 1: Both Sanders and Kasya Cortez are extremely popular with young Americans,

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Speaker 1: and in general, just that idea that the billionaire class

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Speaker 1: should be reduced or eliminated via economic reform is increasingly popular.

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Speaker 1: So we're sort of curious how it feels to hear

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Speaker 1: that and how you feel about the sentiment that people

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Speaker 1: being able to accumulate your level of wealth is part

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Speaker 1: of what's wrong with our society. Well, I mean, look,

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Speaker 1: I've been poor, I've been you know, had my lights

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Speaker 1: turned off. I've had my credit cards cut, I've been

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Speaker 1: had my credit turned down. I've lived six guys in

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Speaker 1: a three bedroom apartments, sleeping on the floor with a

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Speaker 1: pile of clothes, you know, not spending more than twenty bucks,

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Speaker 1: gaining forty pounds because you know, buy one b already

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Speaker 1: five pounds of fried mushrooms at a bar. So I've

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Speaker 1: been on that side, and I've been on this side.

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Speaker 1: Descip is much better. Yeah, we're gonna give me a

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Speaker 1: shit about it. I don't care now in terms of

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Speaker 1: how I got here and what's right or what's wrong. Look,

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Speaker 1: part of it was hard work, part of it was smart,

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Speaker 1: part of it was lucked. You know what percentage each

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Speaker 1: all hypothetical? I don't know. Is it a policy failure?

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Speaker 1: Not necessarily. I don't think it's. You know, when you

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Speaker 1: have you're always going to have extremes, no matter what.

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Speaker 1: If everybody made the exact same amount of money, but

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Speaker 1: one person grabbed the plot of land next to the ocean,

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Speaker 1: and somebody else grabbed the plot of land that's in

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Speaker 1: a floodplain, you're gonna have people who are at different

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Speaker 1: extremes on the on the realm of asset ownership right,

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Speaker 1: And so the question becomes, how do you deal with

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Speaker 1: the people that need to help the mote? And so

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Speaker 1: when you say, you know, billionaires are a pot of

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Speaker 1: failure of policy. Problem isn't that they're they're billionaires. The

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Speaker 1: problem is that there are people who aren't living up

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Speaker 1: to standards and aren't having don't have the things that

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Speaker 1: they need. That's a problem, And the question becomes, how

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Speaker 1: do you solve it? Yeah, I'm curious what you think

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Speaker 1: is sort of the government's role in solving it as

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Speaker 1: opposed to more like society's role in solving it, Like,

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Speaker 1: what is how much of this of solving that is

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Speaker 1: social pressure? And how much of it do you think

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Speaker 1: should be things like changing the way taxes work, changing

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Speaker 1: the way inheritance works. You know, well, I'm a capitalist,

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Speaker 1: so I believe in the marketplace of ideas. I don't

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Speaker 1: care where the idea comes from, whether it's government, I

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Speaker 1: don't care if it comes from a communist, a socialist,

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Speaker 1: a capitalist. You know, the question becomes, when you look

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Speaker 1: at the problem, how do you solve it? You know,

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Speaker 1: when when I look at the problem of incoming equality,

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Speaker 1: it's a given that no matter what your hourly rate

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Speaker 1: is if you're one of the seventy seven million people

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Speaker 1: that are paid by the hour, you're probably gonna live

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Speaker 1: paycheck to paycheck and you're probably going to struggle at

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Speaker 1: some level whether that you know, whether you take a

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Speaker 1: working wages fifteen dollars or fifty dollars. Right Because of

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Speaker 1: that uncertainty in when you're living paycheck to paycheck or hour,

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Speaker 1: or you're getting paid by the hour, then it's hard

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Speaker 1: to really accumulate any type of asset based to increase

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Speaker 1: your network. And so the question I've always asked and

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Speaker 1: wanted to solve is how do I take people who

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Speaker 1: live out our hour give them the opportunity to increase

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Speaker 1: their network, Because if they have asset based, if they

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Speaker 1: whether it's a home, whether it's a bank account, you know,

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Speaker 1: you guys know better than I do. People don't have

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Speaker 1: four dollars in case there's a problem, how do you

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Speaker 1: change that? And then on the flip side, you say

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Speaker 1: that the government best suited to do them. Yeah, they

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Speaker 1: can pass the laws. But if every tax dollar that

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Speaker 1: you pay ends up in only cents or fifty cents

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Speaker 1: or even seventy five cents getting to the people who

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Speaker 1: need it, you're not solving the problem. So I've I've

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Speaker 1: always looked at it to say, there's a problem that

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Speaker 1: needs solving, what's the best way to get there, and

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Speaker 1: just being dogmatic about it. You know, all billionaires are

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Speaker 1: bad or this is all bad. The government's got to,

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Speaker 1: you know, provide all the solutions because capitalism just doesn't work,

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Speaker 1: and socialism is better, but democratic socialism is even better.

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Speaker 1: Communist is good unless it's bad. You know, when when

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Speaker 1: you talk about you know, parties and and dogma, that's

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Speaker 1: the only thing I know is going to be wrong.

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Speaker 1: You talk about ideas and you talk about trying to

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Speaker 1: solve problem, then at least we have a shot. And

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Speaker 1: then that's about creating movements, getting people to look towards

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Speaker 1: those solutions, and helping you implement. Thank you for that.

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Speaker 1: And I was really interested in something that you said

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Speaker 1: in late March in an interview with Just Capital, where

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Speaker 1: you you stated your belief that during this pandemic, shareholders

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Speaker 1: should come last, for the people who run corporations and

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Speaker 1: employees and their family members should come first. And as

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Speaker 1: someone who runs gigantic businesses and has for a while,

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Speaker 1: when we're not in sort of you know, plague times

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Speaker 1: as we are right now. Um, in what situations in

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Speaker 1: sort of normal life do you think employees and their

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Speaker 1: families should come first? And what situations do you think

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Speaker 1: shareholders should come first? Every company in normal times has

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Speaker 1: got a life cycle, right. So when I started my company,

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Speaker 1: right and I've took I took the risk you know

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Speaker 1: I got when I told you I was living six

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Speaker 1: guys in the three three betterm apartment. I got a

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Speaker 1: job at the bartender at night, and I was working

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Speaker 1: selling software during the day. And I got fired, you know,

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Speaker 1: and I quit my job as the bar Actually I

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Speaker 1: was a bar back of bartending just a little bit.

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Speaker 1: And you know, I started this and I had no money,

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Speaker 1: and I convinced somebody to put five dollars up and

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Speaker 1: I told him, if that, you know, the software I

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Speaker 1: told him did work. I walked their dog, washed their car,

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Speaker 1: or whatever it took to make them happy. I took

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Speaker 1: that risk, and I feel like in every situation, someone

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Speaker 1: who's taking that risk should benefit the most. Bernie Sanders

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Speaker 1: wrote his book, he shouldn't share all the money he

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Speaker 1: made from his book. He earned it. Now as the

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Speaker 1: company grows, different roles to come in, you hire different people.

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Speaker 1: And I'm of the attitude and I've done this the

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Speaker 1: companies I've started, not only companies I've invested in, but

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Speaker 1: the companies i've started UM. I've given everybody equity because

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Speaker 1: I recognized that in order for the company to grow,

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Speaker 1: my my employees or the employees should be shaables because

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Speaker 1: they contribute whatever it is they have to do, and

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Speaker 1: if they do it well, the company grows and everybody benefits.

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Speaker 1: And I think that's the way it should be. But

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Speaker 1: on the flip side, you know, there's different kinds of

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Speaker 1: companies in different circumstances. So in the company that UM

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Speaker 1: you hire CEO, the CEO is not au fond founder.

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Speaker 1: I think it's more likely that all employees are are

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Speaker 1: should be should be. Well, let me take a step back.

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Speaker 1: I was talking about life cycles. So as a company

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Speaker 1: grows and companies have different roles and different layers of management,

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Speaker 1: I think it's not it's not wrong so that people

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Speaker 1: at the top are making more, are owning more shares

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Speaker 1: of stock, right, or gather gaining more shares of stock

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Speaker 1: because hopefully in that company they're taking on more responsibility

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Speaker 1: and more risks. Right, But still at the same time,

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Speaker 1: everybody in the company should own shares of stock. Now,

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Speaker 1: when you come into a city situation like this, where

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Speaker 1: there's just an all stop, everything just ended, just came

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Speaker 1: to a complete halt, then everybody's on the same layer,

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Speaker 1: on the same level. Right, the CEO isn't going to

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Speaker 1: contribute all that much more than the person who waxes

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Speaker 1: the floors, because you're going from nothing to having to restart.

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Speaker 1: And if everybody doesn't do their job to the best

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Speaker 1: of their ability, the company doesn't work, particularly when you're

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Speaker 1: having to bring people in from disparate situations that are

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Speaker 1: you know, it's basically a food bar situation, so everything

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Speaker 1: is uncertain. And so now in those circumstances like we

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Speaker 1: have now, every employee is just as important as the CEO.

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Speaker 1: Twenty years from now, it could be a different equation,

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Speaker 1: but right now, that's the way it is. So everybody

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Speaker 1: should have equity in the company. Not everybody should get

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Speaker 1: paid the same, not everybody should own the same amount

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Speaker 1: of equity. But when the company grows, and particularly if

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Speaker 1: there's an accident it's solved, everybody gains. Now we're we

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Speaker 1: do we should put employees first because employees are going

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Speaker 1: to help you probably more than the CEO right now,

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Speaker 1: your general employees or we're gonna help you more than

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Speaker 1: your CPO. Just sort of on this because you've and

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Speaker 1: like you talked about like your practices at your company,

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Speaker 1: which I don't think a lot of other companies have

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Speaker 1: those same practices. Um, and we can have those practices.

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Speaker 1: You mean like that you're you're continuing to pay your

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Speaker 1: hourly workers for the duration of this and right right

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Speaker 1: a lot of the things that you're doing during this crisis,

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Speaker 1: but also in general, you're talking about equity and uh

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Speaker 1: and yes, keeping them employed even though they're not actually

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Speaker 1: doing the work. Do all you guys work for the

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Speaker 1: same company. We all work for I Heeart Radio in

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Speaker 1: somewhere or another, more or less in somewhere or another.

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Speaker 1: Who owns the equity in the company right now? Who started?

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Speaker 1: So there's two different things. Cody and I have our

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Speaker 1: own company for some more news and and this show

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Speaker 1: is a production of I Heeart Radio. So we are

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Speaker 1: contract employees for iHeart Radio and owners of our and

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Speaker 1: I'm a full time employee for I Heart Radio. And yeah,

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Speaker 1: so we're a huge corporation. So Cody for your guys company.

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Speaker 1: Are you are you too the only ones in the company? Yes? Yes, okay,

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Speaker 1: And I'm guessing you guys working for I Heart, particularly

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Speaker 1: as contractors, you guys, are you are you guys are

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Speaker 1: independent contractors? Are employees? We're employees? Yeah? Yeah, full time

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Speaker 1: employee contractors. So Katie and Cody A are are have

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Speaker 1: like a talent contract with I Heart So they're contingent alright?

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Speaker 1: Just curious? Well, so, I guess I guess my real

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Speaker 1: question is, um. You've also talked about this moment sort

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Speaker 1: of as uh an opportunity to like rewrite the rules

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Speaker 1: of how society works, sort of like as a this

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Speaker 1: is a an American reset. One point out, I think

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Speaker 1: you referred to it as what are some things in

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Speaker 1: your company that you've always done that you think might

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Speaker 1: be good for legislation to make all companies sort of

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Speaker 1: operate that way? And what are some things that this

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Speaker 1: situation have made you reconsider and think about in other

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Speaker 1: ways that you think would help in the future when

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Speaker 1: when there's not a pandemic going on. Yeah, I mean,

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Speaker 1: I don't know that you legislated UM, but I think

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Speaker 1: it's Look, I think what really has changed right now

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Speaker 1: is the need for leadership right because there's so much

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Speaker 1: uncertainty there. The only thing that we know for sure

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Speaker 1: is that we don't really know anything right now about

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Speaker 1: what's going on. Yeah, we really don't know. We don't

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Speaker 1: know how long this is gonna last. We can guess

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Speaker 1: on the impact, but we don't know how long we're

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Speaker 1: stuck inside. And when that happens, when you have a

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Speaker 1: void of information, that's where leadership is most important. And

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Speaker 1: so what I think is and why you've seen me

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Speaker 1: more vocal, not because I'm thinking I think this is

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Speaker 1: a great leader. It's just because no one else is

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Speaker 1: saying anything. You know. It just happened to happen that

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Speaker 1: the NBA season stopped while the Dallas Mavericks were playing

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Speaker 1: the game, and they interviewed me, and I told them

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Speaker 1: when I thought about paying our hourly workers. And then

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Speaker 1: people ask me more about how I like to you know,

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Speaker 1: what I thought about our employees, how I thought things

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Speaker 1: should work, and so I just kind of fell into this.

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Speaker 1: But when you have a void of leadership, it's hard

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Speaker 1: for people to know. It's hard to people know what

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Speaker 1: to do or what comes next. And so I think

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Speaker 1: what you need right now is somebody who can connect

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Speaker 1: with all different viewpoints and understand where everybody is coming from,

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Speaker 1: recognizing that we're not in a ready aim fire mode.

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Speaker 1: We're in a ready fire aimal mode, because if we

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Speaker 1: don't get the stimulus deal done, then you know, people

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Speaker 1: can't control their own lives. And when people can't don't

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Speaker 1: feel like they can control their own lives, or they

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Speaker 1: feel desperate, they go out into the streets and you

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Speaker 1: have civil you know, you have unrest, and that's the

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Speaker 1: worst thing that can happen. So you know, when you say,

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Speaker 1: what's the thing that's missing or what's the thing I've learned,

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Speaker 1: I've learned that I've learned who the leaders are and

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Speaker 1: who they're not, and I've learned the importance of leadership

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Speaker 1: trying to introduce that to help our companies with it.

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Speaker 1: I'm curious, uh, what you think of this stimulus package

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Speaker 1: that was passed last week last year whenever that was

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Speaker 1: everything time doesn't is meaningless now because I know you

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Speaker 1: had a lot of thoughts about stock buy backs and

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Speaker 1: how what should happen um And yeah, I'm curious to

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Speaker 1: hear your thoughts on it. I mean, if this deal

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Speaker 1: had been had been negotiated three weeks earlier, I would

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Speaker 1: have said that the these who get money should never

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Speaker 1: be allowed to buy back stock, that they should only

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Speaker 1: be allowed to pay dividends of all employees received those dividends.

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Speaker 1: That you know, whatever you do for the CEO, you

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Speaker 1: have to do for every employee, so that the CEO

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Speaker 1: makes a million dollars a year and you give them

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Speaker 1: a million dollars worth of stock options were value and

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Speaker 1: repricing stock options, and you have someone who acts the

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Speaker 1: floors and makes thirty dollars a year, that person get

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Speaker 1: equivalent in value as well, so that everybody stands to game.

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Speaker 1: So I would have included that. I also would have,

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Speaker 1: you know, my better negotiator for we the people, and

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Speaker 1: that and also asked for stock warrants for the government.

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Speaker 1: You know, if you look at the deal that Warren

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Speaker 1: Buffett did when he bailed out Bank of America UM

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Speaker 1: ten years ago, he gave them five billion dollars to

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Speaker 1: help them survive, but he also asked for warrants, which

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Speaker 1: allows you to buy stock at a given price by

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Speaker 1: some day in the future, and he made another twelve

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Speaker 1: billion dollars off of that. People whoever is negotiating for

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Speaker 1: the United States taxpayers should be asking for the same thing.

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Speaker 1: And if Boeing or any other company doesn't want to

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Speaker 1: do that, let them get the money somewhere else, or

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Speaker 1: go out of business if they don't feel it's necessary.

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Speaker 1: So I think, you know, uh, it wasn't perfect, but

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Speaker 1: in terms of what we got, um, I think I

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Speaker 1: think it's platform herble and hopefully we'll take the steps

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Speaker 1: to really have some And I've even volunteered. I said, look,

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Speaker 1: I'll put on my chart tank hat and you put

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Speaker 1: me in the negotiations with Bowing or whoever, and we're

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Speaker 1: getting a great deal. Right, We're gonna own a big chunk. Yeah,

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Speaker 1: that's when we happened. Someone needs to represent we the people,

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Speaker 1: because that's what's been missing and what was missing ten

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Speaker 1: years ago. I think that's a really reasonable idea. And

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Speaker 1: I hear that you're kind of coming at a lot

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Speaker 1: of this from you know, it sounds like to me

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Speaker 1: sort of a top down per perspective, Like you you

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Speaker 1: think that one of the things missing in this crisis

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Speaker 1: is sort of like a central like like like a

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Speaker 1: solid voice of leadership, not just arguing for people, but

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Speaker 1: kind of laying out what needs to happen, and I

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Speaker 1: I agree with you. I think we've seen an absence

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Speaker 1: of that. But I also can't help but feel like

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Speaker 1: a lot of the solution to the problems that are

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Speaker 1: kind of being made very clear right now is more

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Speaker 1: input from people on the bottom. Um. You know. I

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Speaker 1: think we've seen some corporations respond well to this, we've

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Speaker 1: seen a lot respond poorly. And the ones that have

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Speaker 1: responded poorly have ignored the people who make their companies work. Um.

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Speaker 1: And I think I like one of the things that

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Speaker 1: I'm really interested is in from Sanders is he has

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Speaker 1: a plan that would require publicly traded companies to gift

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Speaker 1: two percent of their stock or more to employees per

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Speaker 1: year until of the company was employee owned. That's not enough, right,

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Speaker 1: That's not enough right. So like the companies that I have,

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Speaker 1: typically they'll do a ten percent option pool that's available

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Speaker 1: to all employees. And that's where I started already, so

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Speaker 1: you know, having it grow. When I say not enough, right,

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Speaker 1: I think, when it's all said and done, an averaged doubt.

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Speaker 1: I'm not saying every company needs to give or more,

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Speaker 1: but when it's all said and done, an averaged out.

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Speaker 1: It should be normal because remember what I said, every

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Speaker 1: good company should give stock to every single employee, right,

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Speaker 1: and so you should end up if you do it

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Speaker 1: that way. You shouldn't have to grant every single year.

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Speaker 1: You should be rewarding people when you hire them. You

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Speaker 1: should be rewarded and start up just like you guys

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Speaker 1: did when you started your company, right as you know.

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Speaker 1: That's how that's and it should end up being more

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Speaker 1: than there. There really should be companies that you have

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Speaker 1: to force to grant options to them. Well, are you

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Speaker 1: saying that you should have to force comes? I'm not

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Speaker 1: sure if that got garbled up. I'm saying you shouldn't

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Speaker 1: have to. And I also saying that there's no problem

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Speaker 1: in shaming those companies that don't do it, because I think,

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Speaker 1: and I've said this before, how you treat your employees

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Speaker 1: right now when the ships, when everybody's backs up against

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Speaker 1: the wall is going to be how you're defined as

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Speaker 1: a brand for decades and you don't take care of

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Speaker 1: your employees. Now, look, we live in in a video.

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Speaker 1: We live in a look at my brand generation? Right,

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Speaker 1: everybody's kind of social media. He's really proud of his brand.

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Speaker 1: He's gonna wrap you know, he's gonna bust on everybody,

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Speaker 1: you know. And that's the thing, right, Tody's you know, Tod,

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Speaker 1: he's not gonna wear a T shirt that says, you know,

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Speaker 1: I love billionaires And if you know, and he's not, well,

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Speaker 1: how much are you gonna pay me to wear that shirt?

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Speaker 1: To get my point right? So, companies who aren't doing

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Speaker 1: things right. Every everybody's Instagram account is their definition of

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Speaker 1: who they are as a brand, as an individual brand,

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Speaker 1: And so you're not going to buy products and put

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Speaker 1: them on your account if you don't think they represent

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Speaker 1: who you are. You know, It's why Bernie Sanders has

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Speaker 1: had such a movement. People want that's who they want

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Speaker 1: their brand to be. They want to be associated with that.

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Speaker 1: And so when you say, you know, you need to

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Speaker 1: have I hope we don't have to legislate it. I

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Speaker 1: hope it's just a common sense thing to do. And

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Speaker 1: I'm kind of curious to sort of push on this

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Speaker 1: a little bit. How if if you were in a

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Speaker 1: position of sort of national political importance, how would you,

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Speaker 1: without legislation, try to push businesses to institute something like this.

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Speaker 1: You can send them via the tax tax law right,

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Speaker 1: you can send them. You know, if you just legislate it,

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Speaker 1: it creates so many problems because then remember, I mean,

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Speaker 1: there's just there's always trying trying to find an equilibrium

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Speaker 1: is always the hard part, right. But there's all kinds

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Speaker 1: of tax incentives you can do where you know, you

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Speaker 1: get a deduction for that that stock. There's you know,

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Speaker 1: it's tax free to the employee, you know, if they

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Speaker 1: hold it for more than five years. And I've written

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Speaker 1: a lot about written a lot about this on my

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Speaker 1: blog blog bavern. I think that CEO should only be

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Speaker 1: paid in stock and make and I'm sorry, I think

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Speaker 1: that CEO should only be paid in cash because cash

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Speaker 1: is the most dear asset to a corporation. And you

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Speaker 1: just pay them a salary and let them go out

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Speaker 1: and buy it on the open market. For any company

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Speaker 1: that doesn't give stock to their their own employees. Okay,

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Speaker 1: And I'm curious. You know, you've been a billionaire for

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Speaker 1: a while, Mark Um. And in fact, I grew up

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Speaker 1: in the Dallas I grew up in the Dallas area,

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Speaker 1: and I think it was either you were Ross Perot

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Speaker 1: was the first billionaire that like, you know, when we

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Speaker 1: were like our our word for rich was Mark Cuban

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Speaker 1: a lot of the time. And I I feel as

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Speaker 1: if the national conversation around billionaires has changed rather sharply.

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Speaker 1: And there's a lot of people right now who have

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Speaker 1: a lot of a really extreme amount of anger towards

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Speaker 1: what they would refer to as the billionaire class. And

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Speaker 1: I'm wondering, just kind of on an emotional level, how

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Speaker 1: has how it feed eels to have you know, that

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Speaker 1: level of wealth changed, and how have you sort of

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Speaker 1: noticed the conversation around it changed as that sort of

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Speaker 1: interfaced with your own life. I mean, I ignore bank

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Speaker 1: account biggots, bank accounting, but I'm so is it it

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Speaker 1: hasn't been um like, just the fact that that's a

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Speaker 1: popular topic of conversation has kind of been something you've

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Speaker 1: you've you've not sort of, uh, I don't know, taken

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Speaker 1: to personally. I mean, I don't ignore a somebody who's poor.

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Speaker 1: I don't ignore an idea from somebody who's rich. And

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Speaker 1: somebody actually have a little bit less respect for somebody

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Speaker 1: who ignores what I say. Well, once I once I

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Speaker 1: became wealthier, and if I you know, and would have

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Speaker 1: accepted what I said if I was when I was poor, right,

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Speaker 1: that doesn't make sense to me. I'm I'm a big

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Speaker 1: believer that good idea should rise to the top. And

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Speaker 1: have you I'm wondering, like, have you had to like

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Speaker 1: take any particular steps to sort of make sure that

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Speaker 1: you're able to stay in contact with people who you

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Speaker 1: know aren't at a higher level of wealth, because that's

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Speaker 1: something that does kind of get harder the more you

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Speaker 1: have is it's something you have to really like think

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Speaker 1: about doing, yeah, to stay accessible. No, my best friends

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Speaker 1: are still my best friends from high school and college.

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Speaker 1: You know, when I moved to Dallas and I was

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Speaker 1: hanging out, which I lived in the village and you know,

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Speaker 1: that was my six guys and three better you know,

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Speaker 1: in a three betterm apartment. There's still my best friends.

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00:22:19,720 --> 00:22:21,600
Speaker 1: So I don't you know, it's not like I look

429
00:22:21,680 --> 00:22:24,639
Speaker 1: for people, Oh my god, you're rich, can we be friends? No,

430
00:22:24,800 --> 00:22:28,280
Speaker 1: that's right, my friends friends, you know, and those are

431
00:22:28,280 --> 00:22:30,720
Speaker 1: the same people. And you know when I go out,

432
00:22:31,160 --> 00:22:33,080
Speaker 1: you know, if you ever saw me around Dallas or

433
00:22:33,080 --> 00:22:36,399
Speaker 1: whatever with my family or before you know, you know,

434
00:22:36,840 --> 00:22:39,240
Speaker 1: I'm just me. I just go to the same place

435
00:22:39,280 --> 00:22:41,720
Speaker 1: as I've always gone to do the same things I've

436
00:22:41,760 --> 00:22:44,560
Speaker 1: always done. I mean, I have a nicer car, I

437
00:22:44,600 --> 00:22:47,159
Speaker 1: have a plane, I have stuff I never dreamed of having.

438
00:22:47,600 --> 00:22:51,440
Speaker 1: That's what's changed. My bank accounts obviously changed. But if

439
00:22:51,480 --> 00:22:54,200
Speaker 1: you talk to my friends, my nickname in high school

440
00:22:54,200 --> 00:22:56,280
Speaker 1: is Boris because I took Russian and I sat next

441
00:22:56,280 --> 00:22:58,919
Speaker 1: to a girl who decided to name herself Natasha. So

442
00:22:59,040 --> 00:23:00,920
Speaker 1: from fourth in the hash if you know the old

443
00:23:01,000 --> 00:23:04,480
Speaker 1: Rocky Yeah yeah, yeah, yeah, yeah yeah. My high school

444
00:23:04,480 --> 00:23:06,800
Speaker 1: friends still call me boys and it doesn't matter, right,

445
00:23:07,600 --> 00:23:09,359
Speaker 1: And so it's not about you know, how do I

446
00:23:09,520 --> 00:23:16,280
Speaker 1: stay connected? No, yeah, I'm curious. So, Okay, we're in

447
00:23:16,280 --> 00:23:19,080
Speaker 1: the midst of a global pandemic. There's some sort of

448
00:23:19,240 --> 00:23:23,280
Speaker 1: a great equalizer in that um there, in that we're

449
00:23:23,320 --> 00:23:26,760
Speaker 1: all quarantined together. We're all going through an experience, although

450
00:23:27,119 --> 00:23:31,240
Speaker 1: of course your experience is probably much different than mine.

451
00:23:31,280 --> 00:23:33,880
Speaker 1: I assume you have a home gym and stuff like that,

452
00:23:33,920 --> 00:23:36,919
Speaker 1: and we're making do. But what are the experiences that

453
00:23:37,000 --> 00:23:39,719
Speaker 1: you think are universal, like are you are you taking

454
00:23:39,840 --> 00:23:43,560
Speaker 1: up your kids education at home? Are you doing their

455
00:23:43,600 --> 00:23:46,720
Speaker 1: homeschooling and stuff like that? Look, do I have it easier?

456
00:23:47,040 --> 00:23:49,800
Speaker 1: You know? Because my I was on we did um

457
00:23:50,440 --> 00:23:52,359
Speaker 1: Google handouts with a bunch of my high school buddies

458
00:23:52,400 --> 00:23:54,320
Speaker 1: last night, and one of them had just gotten laid

459
00:23:54,320 --> 00:23:56,520
Speaker 1: off when we were talking about it, and he's bummed

460
00:23:56,520 --> 00:23:58,720
Speaker 1: and he's pissed and all this, and we're talking about

461
00:23:58,960 --> 00:24:02,840
Speaker 1: filing for or benefits and he's like, what are you

462
00:24:02,840 --> 00:24:07,680
Speaker 1: guys doing? You know, tenne slash basketball court out back

463
00:24:07,720 --> 00:24:09,920
Speaker 1: and I can go shoot with my son I've got,

464
00:24:10,080 --> 00:24:12,160
Speaker 1: you know, I've got a thirteen and sixty year old daughter.

465
00:24:12,520 --> 00:24:15,040
Speaker 1: And they ignore me either way. It doesn't matter how

466
00:24:15,119 --> 00:24:17,159
Speaker 1: much money I am, unless you want to do a

467
00:24:17,240 --> 00:24:21,639
Speaker 1: TikTok video, exactly right. I do have a lot of

468
00:24:21,680 --> 00:24:24,879
Speaker 1: empathy for the teenagers during this this crisis, because what

469
00:24:25,040 --> 00:24:27,679
Speaker 1: a nightmare, Oh my god, stuck with your parents, not

470
00:24:27,760 --> 00:24:29,480
Speaker 1: being able to be with your friends, just all this

471
00:24:29,640 --> 00:24:33,920
Speaker 1: being so uncertain. But the one common denominators fear. Yeah,

472
00:24:33,920 --> 00:24:36,280
Speaker 1: we hear for our families, we fear for our friends,

473
00:24:36,320 --> 00:24:39,560
Speaker 1: we fear for ourselves. We fear the uncertainty, and there's

474
00:24:39,560 --> 00:24:43,280
Speaker 1: no amount of money that can change us. Yeah, it's

475
00:24:43,280 --> 00:24:46,000
Speaker 1: really easy for us all to forget that when we're

476
00:24:46,200 --> 00:24:48,280
Speaker 1: we're sitting in the midst of our own fear is

477
00:24:48,320 --> 00:24:50,480
Speaker 1: to look at what other people have and to say like,

478
00:24:50,560 --> 00:24:52,480
Speaker 1: well they don't get it. No, we get it. We

479
00:24:52,480 --> 00:24:55,160
Speaker 1: can all relate to that. Just we don't know what's

480
00:24:55,160 --> 00:24:59,240
Speaker 1: going to happen. Yeah, I'm curious what you think Mark about.

481
00:24:59,520 --> 00:25:01,800
Speaker 1: So we're having this kind of national conversation about the

482
00:25:01,840 --> 00:25:03,840
Speaker 1: social safety net, you know, in the wake of all this,

483
00:25:03,960 --> 00:25:06,359
Speaker 1: and like where it should be. And at least in

484
00:25:06,400 --> 00:25:08,840
Speaker 1: my mind, when we talk about the social safety net,

485
00:25:08,840 --> 00:25:10,679
Speaker 1: what we're talking about is like the floor, Like what

486
00:25:10,840 --> 00:25:14,240
Speaker 1: is the floor we should allow UM in our society?

487
00:25:14,320 --> 00:25:15,919
Speaker 1: You know, what is kind of the minimum that we

488
00:25:15,960 --> 00:25:19,000
Speaker 1: think we should try make sure that people have UM?

489
00:25:19,040 --> 00:25:22,600
Speaker 1: And I wonder or wages or what do you think

490
00:25:23,119 --> 00:25:27,240
Speaker 1: what pick a pick a segment because that covers a lot. Sure, sure,

491
00:25:27,400 --> 00:25:30,040
Speaker 1: I guess Yeah, let's start with UM. Let's start with

492
00:25:30,119 --> 00:25:33,280
Speaker 1: access to UM. You know, a roof over your head,

493
00:25:33,359 --> 00:25:35,280
Speaker 1: like with with with homelessness and stuff like what do

494
00:25:35,320 --> 00:25:37,160
Speaker 1: you think like that that has been thrown into sharp

495
00:25:37,200 --> 00:25:40,160
Speaker 1: relief by this and the fact that there's a disease spreading. Now,

496
00:25:40,480 --> 00:25:43,400
Speaker 1: what do you think is the minimum Americans should expect

497
00:25:43,720 --> 00:25:47,280
Speaker 1: when it comes to shelter. I think they should expect shelter. Now,

498
00:25:47,320 --> 00:25:49,119
Speaker 1: not everybody's going to take you up on it, but

499
00:25:49,240 --> 00:25:52,320
Speaker 1: I don't know. I have no problem at all. I mean,

500
00:25:52,359 --> 00:25:54,920
Speaker 1: we need to an asset. We look, when I talked

501
00:25:54,920 --> 00:25:57,600
Speaker 1: about America two point oh and a reset, one of

502
00:25:57,640 --> 00:26:00,840
Speaker 1: the things that we should do is reevaluate awning laws

503
00:26:00,880 --> 00:26:03,720
Speaker 1: because as we learned to work from home, as companies,

504
00:26:03,760 --> 00:26:08,280
Speaker 1: particularly retailers, go out of business because of shopping online, um,

505
00:26:08,320 --> 00:26:10,840
Speaker 1: now all of a sudden there may be more space,

506
00:26:10,880 --> 00:26:14,439
Speaker 1: there may be more opportunity to rebuild. You know, I

507
00:26:14,440 --> 00:26:17,280
Speaker 1: don't want they shouldn't be shelters, they should be homes. Right.

508
00:26:17,680 --> 00:26:19,960
Speaker 1: But the hard part, the hard part isn't shouldn't we

509
00:26:19,960 --> 00:26:21,959
Speaker 1: do it? The hard part is how do we do it?

510
00:26:22,080 --> 00:26:25,000
Speaker 1: And where right. One of the things that has has

511
00:26:25,160 --> 00:26:27,119
Speaker 1: come up is that you know, when I came out

512
00:26:27,160 --> 00:26:29,679
Speaker 1: of college, relocating to go to any city where you've

513
00:26:29,720 --> 00:26:31,840
Speaker 1: got a job was do a big deal. Now people

514
00:26:31,880 --> 00:26:33,960
Speaker 1: don't want to relocate. They don't want to go where

515
00:26:34,160 --> 00:26:36,200
Speaker 1: there might be plenty of space or plenty of land.

516
00:26:36,400 --> 00:26:38,159
Speaker 1: They want to stay where they're comfortable. They want to

517
00:26:38,200 --> 00:26:40,359
Speaker 1: stay closer to their families, or even if they have

518
00:26:40,440 --> 00:26:42,080
Speaker 1: no families, they want to stay where their weather is

519
00:26:42,160 --> 00:26:45,080
Speaker 1: nice or whatever it may be, right, and so how

520
00:26:45,119 --> 00:26:48,120
Speaker 1: do you balance that? So what if we built two

521
00:26:48,520 --> 00:26:52,199
Speaker 1: thousand units in Idaho and it was cheap and it

522
00:26:52,320 --> 00:26:55,800
Speaker 1: was free, cheap to live free to whoever is living

523
00:26:55,840 --> 00:26:58,199
Speaker 1: there for some period of time, if not permanently, but

524
00:26:58,200 --> 00:27:00,560
Speaker 1: they don't want to go to Idaho? How do you

525
00:27:00,560 --> 00:27:03,440
Speaker 1: deal with that? K What do you build them elsewhere? Right?

526
00:27:04,400 --> 00:27:05,959
Speaker 1: You can build a lot of places, But what if

527
00:27:06,000 --> 00:27:09,720
Speaker 1: it's not that I want to go. I love you know,

528
00:27:09,840 --> 00:27:12,160
Speaker 1: you're there's not Dallas is too dance. We can't build

529
00:27:12,200 --> 00:27:15,000
Speaker 1: him here. But if you go down to pick a

530
00:27:15,000 --> 00:27:17,600
Speaker 1: small town and texts it's too hot there, it's too dry,

531
00:27:18,240 --> 00:27:22,080
Speaker 1: right for whatever reason. That's the challenge because all want

532
00:27:22,080 --> 00:27:24,359
Speaker 1: that free will to be able to make our own decisions,

533
00:27:24,760 --> 00:27:27,320
Speaker 1: and so not everybody wants to go where they're told

534
00:27:27,359 --> 00:27:31,160
Speaker 1: to go, And so I have balance of liberty and support.

535
00:27:32,000 --> 00:27:34,080
Speaker 1: That's part of the hard part. When you talk about housing,

536
00:27:34,480 --> 00:27:36,520
Speaker 1: and I think we can agree like there there needs

537
00:27:36,560 --> 00:27:39,520
Speaker 1: to be more housing available, you know, even though that

538
00:27:39,600 --> 00:27:43,400
Speaker 1: like yeah, yeah, absolutely absolutely, The issue isn't enough right

539
00:27:44,040 --> 00:27:48,600
Speaker 1: or more. Rather, the issue is it's enough right, And

540
00:27:48,960 --> 00:27:52,160
Speaker 1: at some point when you're going from more to enough,

541
00:27:52,480 --> 00:27:54,159
Speaker 1: there's a lot of people that are going to be

542
00:27:54,200 --> 00:27:56,159
Speaker 1: asked to do things they don't want to do in

543
00:27:56,920 --> 00:28:00,200
Speaker 1: and that's where it's hard to find the equilibrium. That's

544
00:28:00,200 --> 00:28:02,159
Speaker 1: where people get upset. How could you not give this

545
00:28:02,240 --> 00:28:04,639
Speaker 1: person exactly what they want? How could you not do this?

546
00:28:04,720 --> 00:28:07,320
Speaker 1: How could you not do that? That's where it's hard

547
00:28:07,400 --> 00:28:10,360
Speaker 1: to find answer. Yeah, it's tough because, like what you're

548
00:28:10,400 --> 00:28:13,639
Speaker 1: talking about is, you know, like building all housing in

549
00:28:13,680 --> 00:28:17,480
Speaker 1: this this random space, Well, how do you incentivize industries

550
00:28:17,520 --> 00:28:19,960
Speaker 1: to go there as well so that there's opportunities for

551
00:28:19,960 --> 00:28:22,080
Speaker 1: people to move there. You know, my dad works in

552
00:28:22,160 --> 00:28:26,080
Speaker 1: nonprofit uh drug rehabilitation and works with the communities in

553
00:28:26,080 --> 00:28:28,639
Speaker 1: northern California and and one of the issues that they

554
00:28:28,640 --> 00:28:31,560
Speaker 1: come across a lot is is homelessness. And he's come

555
00:28:31,640 --> 00:28:34,159
Speaker 1: up against like what you mentioned, zoning, different laws, like

556
00:28:34,960 --> 00:28:39,320
Speaker 1: people willing to come in and build you know, prefab

557
00:28:39,560 --> 00:28:44,080
Speaker 1: places housing communities and not being able to get zoning

558
00:28:44,160 --> 00:28:48,520
Speaker 1: clearances from the community even though the community wants that.

559
00:28:48,720 --> 00:28:51,320
Speaker 1: But now that we're about to hit at some point

560
00:28:51,440 --> 00:28:53,040
Speaker 1: when we get to the other side of this America

561
00:28:53,120 --> 00:28:56,720
Speaker 1: two point oh, that can change and will change, right

562
00:28:56,800 --> 00:28:59,280
Speaker 1: because so many companies are going to go out of business,

563
00:29:00,080 --> 00:29:03,320
Speaker 1: so many Right, it's there that there's going to be

564
00:29:03,520 --> 00:29:07,320
Speaker 1: space available, it's not. It's just a question of, you know,

565
00:29:07,720 --> 00:29:09,520
Speaker 1: how do you pay for a lot of this because

566
00:29:09,720 --> 00:29:12,280
Speaker 1: we're gonna go six trillion dollars in death and it's

567
00:29:12,280 --> 00:29:14,600
Speaker 1: going to go worse than that because there's there's so

568
00:29:14,720 --> 00:29:19,760
Speaker 1: much forbearance on taxes being paid that every municipality, every county,

569
00:29:19,560 --> 00:29:22,760
Speaker 1: every city, every state is going to see their their

570
00:29:22,760 --> 00:29:26,040
Speaker 1: tax revenues decline by who knows how much. And all

571
00:29:26,040 --> 00:29:29,200
Speaker 1: those programs that are great programs are not going to

572
00:29:29,280 --> 00:29:32,040
Speaker 1: be funded and we could borrow more, and I'm not

573
00:29:32,120 --> 00:29:34,880
Speaker 1: against that at all, But that's where leadership comes in,

574
00:29:35,240 --> 00:29:38,000
Speaker 1: because you've got to have somebody that has a sense

575
00:29:38,040 --> 00:29:43,160
Speaker 1: of compassion, the ability to execute on these compassionate items,

576
00:29:43,280 --> 00:29:47,400
Speaker 1: and somebody with a mind for business that understands the

577
00:29:47,480 --> 00:29:51,160
Speaker 1: hard parts finding the equilibrium across all of this because

578
00:29:51,240 --> 00:29:54,000
Speaker 1: there aren't rules and it's going to be imperfect information.

579
00:29:54,400 --> 00:29:57,680
Speaker 1: That's gonna be hard. Yeah, I think you're I agree

580
00:29:57,760 --> 00:30:01,160
Speaker 1: with what you're saying there. Um, I I think that though,

581
00:30:01,400 --> 00:30:03,400
Speaker 1: like it seems to me at least that part of

582
00:30:03,440 --> 00:30:06,360
Speaker 1: the solution is you know, money is required, and so

583
00:30:06,400 --> 00:30:08,280
Speaker 1: the question is like where to get that money? Debt

584
00:30:08,360 --> 00:30:11,760
Speaker 1: is absolutely part of it. UM, what do you think

585
00:30:11,760 --> 00:30:15,040
Speaker 1: in terms of UH spend all that money now in America?

586
00:30:15,320 --> 00:30:18,280
Speaker 1: Point on what the reset right? You have to realize

587
00:30:18,320 --> 00:30:21,160
Speaker 1: that a lot of what we're doing with stimulus is

588
00:30:21,200 --> 00:30:25,239
Speaker 1: forbearing money that would otherwise be paid in taxes. And

589
00:30:25,520 --> 00:30:27,120
Speaker 1: given that a lot of people are going to be

590
00:30:27,160 --> 00:30:29,480
Speaker 1: auto work and companies are going to be closed, tax

591
00:30:29,600 --> 00:30:33,160
Speaker 1: revenue is going to drop significantly. So we still can

592
00:30:33,560 --> 00:30:36,840
Speaker 1: we still can borrow money, but being effective and how

593
00:30:36,960 --> 00:30:40,640
Speaker 1: you use that is critical because if it doesn't turn

594
00:30:40,680 --> 00:30:43,080
Speaker 1: out right, then we can end up in the depression

595
00:30:43,320 --> 00:30:46,200
Speaker 1: where nobody has the opportunity to help with anybody else.

596
00:30:46,280 --> 00:30:48,920
Speaker 1: And that's yeah, that's that's a very good point. And

597
00:30:49,000 --> 00:30:51,520
Speaker 1: I wonder what you see as sort of the role

598
00:30:51,760 --> 00:30:55,840
Speaker 1: if any, in increasing UH tax the tax BREA in particularly,

599
00:30:55,840 --> 00:30:57,840
Speaker 1: like a big part of the conversation that pops up

600
00:30:57,840 --> 00:31:01,200
Speaker 1: online is like Amazon only paid X in taxes or

601
00:31:01,200 --> 00:31:04,120
Speaker 1: didn't pay you know, federal taxes. How much of the

602
00:31:04,360 --> 00:31:07,040
Speaker 1: of the solving that problem do you think is UM

603
00:31:07,200 --> 00:31:11,120
Speaker 1: increasing levying new taxes on you know, the wealthy, and

604
00:31:11,280 --> 00:31:14,400
Speaker 1: on businesses like I. I personally no minor probably going

605
00:31:14,440 --> 00:31:16,680
Speaker 1: to go up. I've said it to Cody, I've said

606
00:31:16,720 --> 00:31:18,480
Speaker 1: in a hundred times I think had no problem with

607
00:31:18,560 --> 00:31:22,560
Speaker 1: my taxes going up. My tax rate this year was right.

608
00:31:22,880 --> 00:31:25,600
Speaker 1: I literally didn't take every every deduction I could have

609
00:31:25,680 --> 00:31:27,920
Speaker 1: taken because I wanted to pay a little bit. I'm

610
00:31:27,920 --> 00:31:29,479
Speaker 1: the idiot that wants to pay a little bit more

611
00:31:29,480 --> 00:31:32,880
Speaker 1: in taxes, and I'm the literally written a check to

612
00:31:32,920 --> 00:31:36,240
Speaker 1: the Dallas Treasury to try to help. But all that said,

613
00:31:36,720 --> 00:31:39,280
Speaker 1: taxes will go up, but the tax bases because of

614
00:31:39,320 --> 00:31:44,000
Speaker 1: all this is gonna prob absolutely. And so look, I'm

615
00:31:44,040 --> 00:31:46,160
Speaker 1: not a Bernie fan for a lot of reasons. But

616
00:31:46,400 --> 00:31:48,920
Speaker 1: I'm not against a lot of Bernie's ideas. But what

617
00:31:48,960 --> 00:31:51,280
Speaker 1: I'm against on Bernie is that he has no ability

618
00:31:51,320 --> 00:31:54,440
Speaker 1: to execute on them, and so he's not well. You

619
00:31:54,480 --> 00:31:56,840
Speaker 1: can argue that Elizabeth warren't put together a plan that

620
00:31:56,880 --> 00:31:58,680
Speaker 1: I don't know whether or not she could execute or

621
00:31:58,720 --> 00:32:01,120
Speaker 1: not they I would argue that she hasn't shown that

622
00:32:01,200 --> 00:32:04,480
Speaker 1: she's able to um and Bernie has said, I don't

623
00:32:04,480 --> 00:32:07,360
Speaker 1: need to explain to you at all in America America

624
00:32:07,440 --> 00:32:09,960
Speaker 1: one point oh. Maybe you could get through that because

625
00:32:10,000 --> 00:32:12,720
Speaker 1: you had well finding out now maybe there was two,

626
00:32:13,000 --> 00:32:16,240
Speaker 1: two trillions or six trillions, well right, and how much

627
00:32:16,280 --> 00:32:19,080
Speaker 1: we could borrow. But now that bluff, if it was there,

628
00:32:19,240 --> 00:32:22,719
Speaker 1: is gone. Right. So you need somebody who who can

629
00:32:22,760 --> 00:32:25,960
Speaker 1: communicate to everybody and understand the needs to lift people

630
00:32:26,040 --> 00:32:28,720
Speaker 1: up because you know the top is going to be

631
00:32:28,760 --> 00:32:31,479
Speaker 1: compressed dramatically. I can't even tell you how many hundreds

632
00:32:31,480 --> 00:32:34,280
Speaker 1: of millions of dollars I've lost, you know. And so yeah,

633
00:32:34,280 --> 00:32:36,960
Speaker 1: I'll still pay I'll still pay more taxes, and I'm

634
00:32:36,960 --> 00:32:39,560
Speaker 1: okay with that because I'm still in good shape. But

635
00:32:40,400 --> 00:32:42,520
Speaker 1: what I will tell you talking to talk, when I

636
00:32:42,520 --> 00:32:45,480
Speaker 1: talk to other like team owners, liquity, I think what

637
00:32:45,600 --> 00:32:48,880
Speaker 1: a lot of people don't understand from Bernie's angle Lizabeth

638
00:32:49,000 --> 00:32:53,440
Speaker 1: Orn's angle in the five text in America two point oh,

639
00:32:53,760 --> 00:32:57,440
Speaker 1: liquidity dropped dramatically. So if you happen to be worth

640
00:32:57,480 --> 00:33:01,560
Speaker 1: a hundred thousand dollars um which house or two dollars

641
00:33:01,600 --> 00:33:04,239
Speaker 1: with your house, how much do we expect that you

642
00:33:04,240 --> 00:33:06,720
Speaker 1: have in cash or liquid assets available in the bank.

643
00:33:07,600 --> 00:33:10,880
Speaker 1: The percentage you have is probably not all that much different.

644
00:33:11,280 --> 00:33:15,200
Speaker 1: From somebody who is far, far wealthier. And so when

645
00:33:15,240 --> 00:33:18,280
Speaker 1: you talk about taxi more after all this that has

646
00:33:18,320 --> 00:33:21,520
Speaker 1: happened in America two point oh, the liquidity of the

647
00:33:21,560 --> 00:33:24,880
Speaker 1: one for centers has dropped dramatically. And I'm not saying

648
00:33:24,920 --> 00:33:27,280
Speaker 1: give them any empathy or simpathy, No, not at all.

649
00:33:27,600 --> 00:33:30,080
Speaker 1: What I'm saying is, if you're going to get this right,

650
00:33:30,480 --> 00:33:32,680
Speaker 1: and you really want to lift up the bottom and

651
00:33:32,760 --> 00:33:35,760
Speaker 1: you will want to reduce income inequality, you have to

652
00:33:35,800 --> 00:33:39,800
Speaker 1: take into consideration reality and everything that happened. So, I

653
00:33:39,800 --> 00:33:42,320
Speaker 1: guess how do you feel a lot of this conversation

654
00:33:42,360 --> 00:33:46,280
Speaker 1: seems very familiar just in the past many decades to

655
00:33:46,360 --> 00:33:50,000
Speaker 1: sort of stall the progress. So if you're saying, like, well,

656
00:33:50,280 --> 00:33:52,720
Speaker 1: I like this idea of this plan, but it can't

657
00:33:52,720 --> 00:33:55,760
Speaker 1: be implemented, That's not what I'm saying at all. I'm saying, Look,

658
00:33:55,800 --> 00:33:58,640
Speaker 1: if you if it was me sitting down with you guys,

659
00:33:59,280 --> 00:34:02,320
Speaker 1: we could could come up with a plan that worked, right,

660
00:34:02,360 --> 00:34:05,040
Speaker 1: because we would care about finding something that would have

661
00:34:05,200 --> 00:34:08,600
Speaker 1: people using the word equilibrium a balance to it, right.

662
00:34:08,760 --> 00:34:11,520
Speaker 1: Because I think business thrives when you lift the bottom.

663
00:34:11,760 --> 00:34:13,680
Speaker 1: The top should be able to lift our We should

664
00:34:13,680 --> 00:34:16,200
Speaker 1: be able to lift ourselves. Right, we should be I cannot.

665
00:34:16,239 --> 00:34:19,480
Speaker 1: We should be entrepreneurial, we can be innovative, we can invest,

666
00:34:19,680 --> 00:34:21,960
Speaker 1: we can lift ourselves. You need to lift the bottom.

667
00:34:22,280 --> 00:34:24,239
Speaker 1: But what's happened now, and as we try to get

668
00:34:24,280 --> 00:34:26,600
Speaker 1: to the other side of this, the bottom is fallen

669
00:34:26,600 --> 00:34:28,719
Speaker 1: out for the bottom. They didn't have to fall as

670
00:34:28,760 --> 00:34:32,520
Speaker 1: far as everybody else is falling right, But the bottom

671
00:34:32,600 --> 00:34:34,239
Speaker 1: is falling out for a lot of the one per

672
00:34:34,239 --> 00:34:37,720
Speaker 1: cent as well. And you've actually compressed the delta between

673
00:34:37,760 --> 00:34:39,960
Speaker 1: the bottom and the top if things stay the same

674
00:34:40,040 --> 00:34:42,239
Speaker 1: the way it is now, right with the markets and

675
00:34:42,280 --> 00:34:45,120
Speaker 1: everything else, I mean, you're seeing real estate in some

676
00:34:45,160 --> 00:34:50,000
Speaker 1: cities just collapse. You're seeing business values just collapse. And

677
00:34:50,040 --> 00:34:53,920
Speaker 1: so people you know, look again, no sympathy for me,

678
00:34:54,239 --> 00:34:56,200
Speaker 1: but other people who may not have been so wealthy

679
00:34:56,280 --> 00:34:59,040
Speaker 1: or or as as prepared for this as I was.

680
00:34:59,640 --> 00:35:02,879
Speaker 1: Um now all of a sudden you can tax them more.

681
00:35:03,000 --> 00:35:06,080
Speaker 1: They just it's not there anyone happen money. Yeah, and

682
00:35:06,160 --> 00:35:08,000
Speaker 1: so how do you how do you deal with that

683
00:35:08,080 --> 00:35:11,480
Speaker 1: in this environment after a reset? And what you do

684
00:35:11,640 --> 00:35:14,360
Speaker 1: is you say, all everything is off the table. Whatever

685
00:35:14,400 --> 00:35:18,279
Speaker 1: you were dogmatic about before, put that aside and saying

686
00:35:18,560 --> 00:35:21,439
Speaker 1: what do people need to live? Right? And I'm fine

687
00:35:21,440 --> 00:35:23,839
Speaker 1: with fifteen dollars an hour as long as everybody plays

688
00:35:23,880 --> 00:35:26,640
Speaker 1: by the same rules. Is that? And how can we

689
00:35:26,680 --> 00:35:30,440
Speaker 1: increase equity? Well, at the housing market collapse, maybe we

690
00:35:30,480 --> 00:35:33,600
Speaker 1: can get people into homes far less expensively and support

691
00:35:33,640 --> 00:35:35,560
Speaker 1: them so that they can own their own homes if

692
00:35:35,600 --> 00:35:37,680
Speaker 1: they're making enough of a living ways to do that?

693
00:35:38,640 --> 00:35:41,080
Speaker 1: And how do we tax people to get there? Yeah,

694
00:35:41,640 --> 00:35:43,880
Speaker 1: people like me are going to pay more, But you

695
00:35:43,960 --> 00:35:46,879
Speaker 1: have to look at extraneous programs as well and say

696
00:35:47,080 --> 00:35:49,440
Speaker 1: do we really need this, this or this being paid

697
00:35:49,440 --> 00:35:53,239
Speaker 1: for by the government, because now tax revenues have dropped dramatically,

698
00:35:53,680 --> 00:35:56,239
Speaker 1: So how do you solve all these problems knowing that

699
00:35:56,320 --> 00:35:59,880
Speaker 1: tax revenues are cutting off even after taxing, people like

700
00:36:00,040 --> 00:36:03,400
Speaker 1: need far more because well, we looked at Elizabeth Warren's

701
00:36:03,480 --> 00:36:07,040
Speaker 1: numbers for the amount of money raised. They were they

702
00:36:07,040 --> 00:36:09,160
Speaker 1: were high based off of what I knew about my

703
00:36:09,200 --> 00:36:12,960
Speaker 1: own liquidity, and now they're gonna be far lower. How

704
00:36:12,960 --> 00:36:16,120
Speaker 1: do you balance all that so you get it to work. Yeah,

705
00:36:16,280 --> 00:36:18,000
Speaker 1: off the top of your head, what would you consider

706
00:36:18,120 --> 00:36:23,319
Speaker 1: extraneous programs that wouldn't need to be I mean you

707
00:36:23,360 --> 00:36:26,040
Speaker 1: hate to say it, but maybe some arts programs, you know,

708
00:36:26,520 --> 00:36:30,080
Speaker 1: putting the statue in front of the hospital, you know,

709
00:36:30,280 --> 00:36:33,839
Speaker 1: putting the statue in the park. Um. Maybe even though

710
00:36:33,840 --> 00:36:35,680
Speaker 1: it's great to see artists paid that they need as

711
00:36:35,760 --> 00:36:39,040
Speaker 1: much as anybody, that's something you say, Okay, maybe we

712
00:36:39,120 --> 00:36:41,799
Speaker 1: don't have to do that. She don't need to give

713
00:36:42,239 --> 00:36:45,520
Speaker 1: you know, tax breaks for people like me at all.

714
00:36:46,120 --> 00:36:51,560
Speaker 1: You know, well, I agree with that, but again, of course,

715
00:36:51,640 --> 00:36:54,520
Speaker 1: I mean I I won't hold that to you. But yeah,

716
00:36:55,080 --> 00:36:57,160
Speaker 1: it shouldn't be just me making the decision. And that's

717
00:36:57,200 --> 00:36:59,799
Speaker 1: the point. And one thing I wanted to kind of

718
00:36:59,800 --> 00:37:02,719
Speaker 1: bring in is sort of this another in terms of

719
00:37:02,840 --> 00:37:05,080
Speaker 1: national discussions that we're having right now. One is the

720
00:37:05,120 --> 00:37:07,160
Speaker 1: idea of people who are like taking advantage of this

721
00:37:07,239 --> 00:37:10,000
Speaker 1: current crisis and using it to make a pile of money.

722
00:37:10,000 --> 00:37:11,959
Speaker 1: And you've had some dealings as a result of three

723
00:37:12,120 --> 00:37:14,120
Speaker 1: M and some of the stuff that's happened in terms

724
00:37:14,200 --> 00:37:17,360
Speaker 1: of like gouging of of medical supplies, And I wonder

725
00:37:17,400 --> 00:37:20,520
Speaker 1: if you wouldn't mind sort of relating, um, because at

726
00:37:20,600 --> 00:37:22,839
Speaker 1: least the story that I've read is that you were

727
00:37:22,840 --> 00:37:26,560
Speaker 1: getting emails basically trying to sell you these face masks

728
00:37:26,560 --> 00:37:28,480
Speaker 1: and stuff. Is that? Yeah, So could you tell me

729
00:37:28,520 --> 00:37:30,840
Speaker 1: about that? I'm kind of curious about, Like, when a

730
00:37:30,920 --> 00:37:33,720
Speaker 1: pandemic hits in the economy collapses, what sort of emails

731
00:37:33,719 --> 00:37:39,319
Speaker 1: a billionaire business owner starts to get hustle, so you know,

732
00:37:39,400 --> 00:37:43,920
Speaker 1: whether it's fake watches, real watches, um fuel in New

733
00:37:44,000 --> 00:37:49,000
Speaker 1: Jersey and New York to get around taxes, drugs, illegal drugs, whenever.

734
00:37:49,480 --> 00:37:52,400
Speaker 1: Wherever there's a black market, it thrives when there's a

735
00:37:52,440 --> 00:37:56,239
Speaker 1: lack of information. And what happened with the surgical masks

736
00:37:56,280 --> 00:37:59,360
Speaker 1: the N ninety five that we're all stressing about because

737
00:37:59,400 --> 00:38:01,759
Speaker 1: our front line health care workers of people who are

738
00:38:01,760 --> 00:38:03,839
Speaker 1: saving our asks and saving the ass the people who

739
00:38:03,840 --> 00:38:06,400
Speaker 1: are getting sick, they don't even have these masks to

740
00:38:06,480 --> 00:38:10,880
Speaker 1: help keep them safe. And so what happened was there

741
00:38:10,880 --> 00:38:15,000
Speaker 1: are only like three or four domestic manufacturers of those

742
00:38:15,040 --> 00:38:17,799
Speaker 1: mass um when this all hit, and three M was

743
00:38:17,840 --> 00:38:20,439
Speaker 1: the biggest of them. And so I started looking into

744
00:38:20,440 --> 00:38:23,000
Speaker 1: it because it didn't make sense to me that there

745
00:38:23,080 --> 00:38:26,799
Speaker 1: there weren't enough mass um. And as it turns out,

746
00:38:26,880 --> 00:38:31,160
Speaker 1: three M cells through these exclusive distributors, and those exclusive

747
00:38:31,200 --> 00:38:34,920
Speaker 1: exclusive distributors would not give out any information to anybody,

748
00:38:34,920 --> 00:38:37,360
Speaker 1: whether you're a hospital or a third party or whatever.

749
00:38:37,880 --> 00:38:39,719
Speaker 1: They would just say, you know what place in order,

750
00:38:39,800 --> 00:38:42,239
Speaker 1: you can't cancel it, and we'll fill it when we

751
00:38:42,280 --> 00:38:44,160
Speaker 1: can fill it. And oh, by the way, you're not

752
00:38:44,160 --> 00:38:46,839
Speaker 1: gonna get the same number of masks. And and in

753
00:38:46,840 --> 00:38:49,560
Speaker 1: this particularly case, with three M to their credit um,

754
00:38:49,600 --> 00:38:53,160
Speaker 1: they increased their production and they supposedly kept all their

755
00:38:53,200 --> 00:38:57,120
Speaker 1: pricing the thing, but they ghosted everybody in terms of

756
00:38:57,160 --> 00:39:00,479
Speaker 1: what was actually happening in the market. And I said

757
00:39:00,520 --> 00:39:04,080
Speaker 1: publicly was Look, there is a product manager at three

758
00:39:04,239 --> 00:39:07,560
Speaker 1: M who knows everything about the surgical mass business. He

759
00:39:07,719 --> 00:39:09,799
Speaker 1: or she is an expert. Can tell you where every

760
00:39:09,800 --> 00:39:13,239
Speaker 1: surgical mask is made around the world, who uses it,

761
00:39:13,320 --> 00:39:16,560
Speaker 1: who the primary customers are, how they're distributed. All you

762
00:39:16,600 --> 00:39:19,279
Speaker 1: have to do three M is get a person who

763
00:39:19,320 --> 00:39:22,640
Speaker 1: has that knowledge to speak up so we understand what's

764
00:39:22,640 --> 00:39:26,960
Speaker 1: happening in the surgical mass market and the personal protection market,

765
00:39:27,239 --> 00:39:29,520
Speaker 1: so that we all don't freak out about our health

766
00:39:29,520 --> 00:39:32,400
Speaker 1: care providers. And we all don't have you know, we

767
00:39:32,440 --> 00:39:35,360
Speaker 1: all have somebody in our extended family who works in healthcare,

768
00:39:35,400 --> 00:39:38,200
Speaker 1: and we're not scared shitless for their health. They won't

769
00:39:38,200 --> 00:39:42,080
Speaker 1: do it right, and when they and others don't do that,

770
00:39:42,560 --> 00:39:45,640
Speaker 1: you've got people that are panicking. And so now you're

771
00:39:45,680 --> 00:39:50,920
Speaker 1: getting hospitals and the government and states all chasing the

772
00:39:51,000 --> 00:39:54,120
Speaker 1: same sources which are now around the world. These plants

773
00:39:54,160 --> 00:39:57,200
Speaker 1: in China have expanded, you know, and plants in China

774
00:39:57,239 --> 00:39:59,520
Speaker 1: can turn around and start making these masks. But for

775
00:39:59,560 --> 00:40:01,759
Speaker 1: some reason, and we can't here. You know, we're not

776
00:40:01,800 --> 00:40:04,439
Speaker 1: as fast. Even though Honeywell and some mothers have done

777
00:40:04,480 --> 00:40:06,920
Speaker 1: some good things to increase production, we don't seem to

778
00:40:06,920 --> 00:40:09,120
Speaker 1: be able to do that here. But the experts who

779
00:40:09,200 --> 00:40:14,160
Speaker 1: understand these business business are basically silent. And when you

780
00:40:14,239 --> 00:40:17,680
Speaker 1: have that silence, you amplify the fear and you get

781
00:40:17,920 --> 00:40:21,279
Speaker 1: it results in higher prices. And to me, that's not

782
00:40:21,360 --> 00:40:24,160
Speaker 1: being a good corporate citizen. It may not be criminal,

783
00:40:24,640 --> 00:40:28,640
Speaker 1: but it's the most it's morally criminal, you know what

784
00:40:28,640 --> 00:40:33,560
Speaker 1: I'm saying. Right by by just keeping this market o pay,

785
00:40:33,800 --> 00:40:35,960
Speaker 1: you have a lot of people trying to do the

786
00:40:36,080 --> 00:40:39,960
Speaker 1: right thing, and by doing that, they're increasing prices for

787
00:40:40,000 --> 00:40:43,760
Speaker 1: everybody because there's there's no information and there's nobody in charge.

788
00:40:44,400 --> 00:40:46,120
Speaker 1: That's what I had a problem with, and I was

789
00:40:46,200 --> 00:40:49,040
Speaker 1: very alloud towards three am, and they responded. You know,

790
00:40:49,200 --> 00:40:51,759
Speaker 1: they basically said, we're you know, here's our pricing, we

791
00:40:51,760 --> 00:40:54,920
Speaker 1: haven't raised it. That's good. Here's our production, we've increased it.

792
00:40:55,160 --> 00:40:59,040
Speaker 1: That's good. And then they goes to this again. Yeah.

793
00:40:59,080 --> 00:41:02,560
Speaker 1: I mean, my brother is an emergency room doctor, and

794
00:41:02,840 --> 00:41:05,719
Speaker 1: thankfully he's told me they have enough ppe for this week.

795
00:41:05,800 --> 00:41:09,080
Speaker 1: But it's definitely something that's on my mind consistently. You know,

796
00:41:10,000 --> 00:41:13,080
Speaker 1: how these people speak won't change the facts, but at

797
00:41:13,120 --> 00:41:16,319
Speaker 1: least you'll understand it. You know. Again, leadership right when

798
00:41:16,320 --> 00:41:21,200
Speaker 1: you have honesty and transparency and communication. That's what good

799
00:41:21,280 --> 00:41:24,839
Speaker 1: leaders do, and that's why you get through crises like this. Yeah,

800
00:41:25,080 --> 00:41:37,600
Speaker 1: we get everything, don't. You've talked a lot about leadership

801
00:41:37,600 --> 00:41:40,120
Speaker 1: and lack of leadership. Uh, And I'm sure this is

802
00:41:40,160 --> 00:41:41,759
Speaker 1: a question you've been asked a lot. But would you

803
00:41:41,880 --> 00:41:44,960
Speaker 1: be considering running for office of some sort locally or

804
00:41:45,600 --> 00:41:47,960
Speaker 1: at some point lofully? I mean, no, that's that's not

805
00:41:47,960 --> 00:41:50,560
Speaker 1: who I am. I mean, I you went bigger than that.

806
00:41:52,520 --> 00:41:54,759
Speaker 1: I obviously looked at running for president UM, but my

807
00:41:54,840 --> 00:41:57,719
Speaker 1: family literally voted into town they said no, otherwise I

808
00:41:57,719 --> 00:42:01,320
Speaker 1: would have UM tomorrow and and in this world, who knows,

809
00:42:01,840 --> 00:42:03,960
Speaker 1: you know, as as you know I've been saying America

810
00:42:04,000 --> 00:42:07,799
Speaker 1: two point oh the reset? You know, who knows what

811
00:42:07,840 --> 00:42:09,720
Speaker 1: we need or who we need or how it all works.

812
00:42:09,920 --> 00:42:12,279
Speaker 1: But I'll tell you this, I'm not a fan of

813
00:42:12,280 --> 00:42:14,640
Speaker 1: who we have and I'm not a fan of who's running.

814
00:42:15,000 --> 00:42:18,520
Speaker 1: You know, who have run you. None of the candidates

815
00:42:18,520 --> 00:42:21,080
Speaker 1: really got did it for you. I didn't think there

816
00:42:21,120 --> 00:42:22,759
Speaker 1: was a leader among them. I didn't think there was.

817
00:42:23,080 --> 00:42:25,480
Speaker 1: I think they were all politicians, and not that that's

818
00:42:25,520 --> 00:42:28,680
Speaker 1: necessarily bad, but I didn't think they really I like

819
00:42:28,760 --> 00:42:32,040
Speaker 1: when Elizabeth Warren, you know, delineated everything she was trying

820
00:42:32,080 --> 00:42:34,280
Speaker 1: to do, but I felt like they were all written

821
00:42:34,320 --> 00:42:36,880
Speaker 1: by policy wanks and it wasn't authentic to her. I

822
00:42:36,920 --> 00:42:40,479
Speaker 1: like Bernie Sanders in terms of pushing a movement and

823
00:42:40,680 --> 00:42:43,080
Speaker 1: speaking up for the little guy, but I don't think

824
00:42:43,120 --> 00:42:44,799
Speaker 1: he knows how to do it. I think he knows

825
00:42:44,840 --> 00:42:46,680
Speaker 1: what to say to get people excited, but he doesn't

826
00:42:46,680 --> 00:42:48,680
Speaker 1: know how to execute on it. You know. I think

827
00:42:48,760 --> 00:42:51,880
Speaker 1: Joe Biden is a placeholder that's better than Donald Trump,

828
00:42:52,400 --> 00:42:58,400
Speaker 1: real exciting, uh campaign, better than Donald Trump. Joe and

829
00:42:58,400 --> 00:43:01,080
Speaker 1: I like him. He could do to do a decent job.

830
00:43:01,520 --> 00:43:05,280
Speaker 1: But you know, and he he can be a voice

831
00:43:05,280 --> 00:43:07,960
Speaker 1: for the people, but he's not a voice of the people,

832
00:43:08,480 --> 00:43:10,280
Speaker 1: you know what I'm saying. And he's not a problem

833
00:43:10,320 --> 00:43:14,680
Speaker 1: solver per se. He allows things to happen, he doesn't

834
00:43:14,719 --> 00:43:17,080
Speaker 1: make things happen. He kind of represents the status quo

835
00:43:17,120 --> 00:43:19,719
Speaker 1: in a lot of ways. Um, you know, given what

836
00:43:19,760 --> 00:43:22,920
Speaker 1: we're bad, that's not a bad thing, I understand. I

837
00:43:23,000 --> 00:43:26,839
Speaker 1: understand how people are compelled by that, especially at this

838
00:43:27,000 --> 00:43:29,760
Speaker 1: point in time. It's not what I think we need,

839
00:43:29,880 --> 00:43:33,040
Speaker 1: but I understand why people are pulled to it. Yeah,

840
00:43:33,080 --> 00:43:35,080
Speaker 1: sometimes you don't get what you need and you just

841
00:43:35,120 --> 00:43:38,399
Speaker 1: got to take the best of the options, you know. Sure. So,

842
00:43:38,480 --> 00:43:41,799
Speaker 1: as the only NBA fan in this group, Well, I

843
00:43:41,840 --> 00:43:44,120
Speaker 1: was about to go to my very first NBA game

844
00:43:44,160 --> 00:43:48,719
Speaker 1: when all this happened. So which I was going to

845
00:43:48,840 --> 00:43:51,720
Speaker 1: the Clippers? I can't remember. My boyfriend bought the tickets.

846
00:43:52,520 --> 00:43:54,560
Speaker 1: It would be like against my moral to not ask

847
00:43:54,560 --> 00:43:57,560
Speaker 1: you some NBA questions. You know. NBA is like the

848
00:43:57,600 --> 00:44:00,800
Speaker 1: thing that has kept the one thing my entire family

849
00:44:00,840 --> 00:44:07,120
Speaker 1: can all agree on. We're huge Laker fans, obviously the Lakers. Sorry,

850
00:44:07,920 --> 00:44:10,400
Speaker 1: so I just wanted to ask you a few questions.

851
00:44:10,440 --> 00:44:13,279
Speaker 1: You know, realistically, what do you think that the NBA

852
00:44:13,320 --> 00:44:15,600
Speaker 1: should do? Like what's the best playoff format? You know?

853
00:44:15,640 --> 00:44:17,680
Speaker 1: I know that you talked on ESPN with Stephen A.

854
00:44:17,800 --> 00:44:20,320
Speaker 1: Smith and he suggested some sort of like a one

855
00:44:20,360 --> 00:44:23,840
Speaker 1: city tournament style playoff thing, Like what do you what

856
00:44:23,920 --> 00:44:29,359
Speaker 1: do you think realistically? Now with where we're at isle right,

857
00:44:29,440 --> 00:44:31,839
Speaker 1: you've got to make sure what you say. And so

858
00:44:32,600 --> 00:44:35,920
Speaker 1: within that realm, you know, having everybody in one big

859
00:44:36,040 --> 00:44:39,000
Speaker 1: Vegas hotel or one big complex you know, like an

860
00:44:39,000 --> 00:44:42,440
Speaker 1: Olympic village type thing, you would think would be the safest.

861
00:44:42,480 --> 00:44:44,640
Speaker 1: But I'm not the expert on that, right, and so

862
00:44:44,800 --> 00:44:47,080
Speaker 1: don't listen to me about what's safe and not safe,

863
00:44:47,320 --> 00:44:49,680
Speaker 1: you know, listen, We'll listen to the experts. But what

864
00:44:49,719 --> 00:44:52,359
Speaker 1: I will say is we need sports. Like you said,

865
00:44:52,440 --> 00:44:57,320
Speaker 1: your family, you know, comes together over the Lakers. When

866
00:44:57,440 --> 00:45:00,120
Speaker 1: when the company, when Google has their best gar her,

867
00:45:00,239 --> 00:45:03,800
Speaker 1: nobody throws a parade. And when the team in city

868
00:45:03,960 --> 00:45:07,480
Speaker 1: wins a championship in a major sport, there's parades. Everybody's

869
00:45:07,480 --> 00:45:10,880
Speaker 1: going to nuts, everybody's watching, everybody's screaming. Cody, did you

870
00:45:10,880 --> 00:45:16,880
Speaker 1: watch sports? Not really but but I do I watch.

871
00:45:17,000 --> 00:45:20,400
Speaker 1: We need sports in our lives because we need something

872
00:45:20,440 --> 00:45:24,000
Speaker 1: to cheer for. We need something to to communally come together,

873
00:45:24,440 --> 00:45:27,360
Speaker 1: you know in l A voting for the Clippers, or

874
00:45:27,400 --> 00:45:29,840
Speaker 1: rooting for the Clippers or the Lakers, you're in Dallas

875
00:45:29,880 --> 00:45:32,840
Speaker 1: righting the Mavericks, whoever it may be. We want something

876
00:45:32,880 --> 00:45:34,879
Speaker 1: to cheer for. Could you imagine if we were having

877
00:45:34,920 --> 00:45:37,719
Speaker 1: the Olympics and all this was still going on, and

878
00:45:37,840 --> 00:45:41,160
Speaker 1: there was like an underdog United States team and they'd

879
00:45:41,120 --> 00:45:44,399
Speaker 1: beat China and something. It would feel good. Oh my god,

880
00:45:44,480 --> 00:45:46,359
Speaker 1: We'll all be going nuts. Even if you don't care

881
00:45:46,520 --> 00:45:51,319
Speaker 1: anything of sports, right, I certainly always get swept up

882
00:45:51,920 --> 00:45:54,680
Speaker 1: at some point or in other sports. I completely agree. Um,

883
00:45:55,120 --> 00:45:57,479
Speaker 1: do you think that there's any way are you guys

884
00:45:57,480 --> 00:46:00,319
Speaker 1: thinking about any ways to bring that community together via

885
00:46:00,440 --> 00:46:01,920
Speaker 1: live stream? I mean we've seen a lot of like

886
00:46:02,160 --> 00:46:06,879
Speaker 1: social distance concerts and stuff like that. It would be nice. Absolutely. Look,

887
00:46:07,200 --> 00:46:09,879
Speaker 1: I don't think, and I'm just guessing, but I don't

888
00:46:09,880 --> 00:46:11,560
Speaker 1: think we play in front of fans for a while,

889
00:46:12,719 --> 00:46:15,200
Speaker 1: which means will be watching it on streams and watching

890
00:46:15,239 --> 00:46:19,160
Speaker 1: it on television, and again, you know, even though you

891
00:46:19,200 --> 00:46:22,320
Speaker 1: won't be with people outside your apartment or house or whatever.

892
00:46:22,600 --> 00:46:27,040
Speaker 1: You're going to hear them, you know you're gonna need. Yeah,

893
00:46:27,080 --> 00:46:29,360
Speaker 1: I think it would be a good morale booster for

894
00:46:29,360 --> 00:46:32,319
Speaker 1: for a lot of people. That's a responsibility that we

895
00:46:32,360 --> 00:46:35,320
Speaker 1: have that we we can fill that role. And again,

896
00:46:35,360 --> 00:46:38,320
Speaker 1: even though you might not be a sportsman, Cody, Um,

897
00:46:38,360 --> 00:46:41,800
Speaker 1: you will benefit from everybody just being cheerier and happier

898
00:46:41,840 --> 00:46:44,680
Speaker 1: and more excited and having something to move forward to.

899
00:46:44,840 --> 00:46:51,120
Speaker 1: My goodness, right about that? And I think that sports

900
00:46:51,120 --> 00:46:53,440
Speaker 1: can be a really healing and important thing for all

901
00:46:53,520 --> 00:46:55,759
Speaker 1: of us. Um. I also feel that like one of

902
00:46:55,760 --> 00:46:58,720
Speaker 1: the things we need to move away from is um

903
00:46:58,719 --> 00:47:01,600
Speaker 1: having politics be treated like sports because in a sports game,

904
00:47:01,600 --> 00:47:04,000
Speaker 1: it is like a binary one team wins, the other loses,

905
00:47:04,480 --> 00:47:06,839
Speaker 1: and we're we've gotten used to that being the way

906
00:47:06,840 --> 00:47:09,680
Speaker 1: politics works, and when a pandemic hits, that's not the

907
00:47:09,680 --> 00:47:12,480
Speaker 1: way it works. We either all win or we all lose. Right,

908
00:47:12,520 --> 00:47:15,480
Speaker 1: how do we how do we get back to something

909
00:47:15,560 --> 00:47:17,040
Speaker 1: or I don't know if we ever were there, but

910
00:47:17,080 --> 00:47:19,640
Speaker 1: how do we how do we make politics in America

911
00:47:19,719 --> 00:47:23,080
Speaker 1: less like sports? Um? I don't know, that's that's a

912
00:47:23,080 --> 00:47:26,360
Speaker 1: good fair answer. Yeah, yeah, we don't either hopefully this

913
00:47:26,400 --> 00:47:30,160
Speaker 1: will lead to it and and give us that opportunity.

914
00:47:30,320 --> 00:47:32,279
Speaker 1: It's going to have to come from somewhere else, right,

915
00:47:32,440 --> 00:47:35,160
Speaker 1: I mean, it's I don't see any of the options

916
00:47:35,200 --> 00:47:37,640
Speaker 1: that we see. I don't. I don't think there is

917
00:47:38,200 --> 00:47:40,440
Speaker 1: you know, and you're not hearing anything that gives you

918
00:47:40,520 --> 00:47:45,600
Speaker 1: comfort from anybody, and you know it's unfortunate. But again,

919
00:47:45,640 --> 00:47:48,440
Speaker 1: there's a dearth of leadership in this country. So as

920
00:47:48,520 --> 00:47:51,040
Speaker 1: as an NBA owner, how are you as a leader

921
00:47:51,160 --> 00:47:54,279
Speaker 1: communicating with your team right now? You know? How are

922
00:47:54,280 --> 00:47:57,440
Speaker 1: you keeping your group chat? Yeah? I mean like how

923
00:47:57,480 --> 00:47:59,760
Speaker 1: are players? Do you guys all get on Zoom together,

924
00:48:00,200 --> 00:48:04,120
Speaker 1: house party not so much me but yeah, or you know,

925
00:48:04,600 --> 00:48:09,120
Speaker 1: video games but mostly group chats? Any stupid jefs and beams,

926
00:48:09,200 --> 00:48:11,600
Speaker 1: dumb stuff to you know, like everybody does? You know?

927
00:48:11,680 --> 00:48:13,840
Speaker 1: I just think of you know, the Lakers and Lebron

928
00:48:13,960 --> 00:48:15,880
Speaker 1: being of the age that he is, and you know,

929
00:48:15,960 --> 00:48:18,680
Speaker 1: just how our players staying motivated? And do you worry

930
00:48:18,680 --> 00:48:21,480
Speaker 1: about injuries once the season does resume things like that

931
00:48:21,520 --> 00:48:24,520
Speaker 1: because they're not doing five on five or even any

932
00:48:24,560 --> 00:48:28,640
Speaker 1: sort of team team practicing. We've had shortened seasons before,

933
00:48:29,120 --> 00:48:34,520
Speaker 1: you know, um for for um negotiations and contract issues

934
00:48:34,760 --> 00:48:38,319
Speaker 1: and so you know where after the maps one, Yeah,

935
00:48:38,360 --> 00:48:46,120
Speaker 1: maybe back there after I see it Mark, Um. You know,

936
00:48:46,680 --> 00:48:49,640
Speaker 1: there was the strike shortened season and so you know,

937
00:48:50,120 --> 00:48:52,000
Speaker 1: we put it together so that there was enough of

938
00:48:52,040 --> 00:48:54,839
Speaker 1: a training camp that players weren't kid So again, whether

939
00:48:54,880 --> 00:48:57,440
Speaker 1: it's the virus or any other reason, we're not going

940
00:48:57,480 --> 00:49:00,840
Speaker 1: to risk the players livelihood and their health to just

941
00:49:00,880 --> 00:49:04,200
Speaker 1: put together a season. Sure, and you know, just like

942
00:49:04,239 --> 00:49:05,960
Speaker 1: the mental health of it all. You know, if there

943
00:49:06,040 --> 00:49:07,640
Speaker 1: is a season, it is the sort of thing where

944
00:49:07,840 --> 00:49:10,799
Speaker 1: players have to be away from their families, um and

945
00:49:10,840 --> 00:49:14,560
Speaker 1: coaching staff. You know what measures is the NBA taking

946
00:49:15,080 --> 00:49:18,960
Speaker 1: already to plan for that as well as like honestly,

947
00:49:19,000 --> 00:49:20,920
Speaker 1: they don't tell me everything, and I've been busy with

948
00:49:20,960 --> 00:49:23,359
Speaker 1: so many other things. You know, this this is so

949
00:49:23,440 --> 00:49:26,439
Speaker 1: much bigger than all that. Um. You know, for me,

950
00:49:27,200 --> 00:49:29,319
Speaker 1: I look at all these small businesses who are just

951
00:49:29,400 --> 00:49:32,520
Speaker 1: getting decimated, and so I've been trying to do as

952
00:49:32,520 --> 00:49:36,040
Speaker 1: many of these where I communicate with with small businesses

953
00:49:36,080 --> 00:49:37,520
Speaker 1: and try to give them hope and try to give

954
00:49:37,520 --> 00:49:40,000
Speaker 1: them guidance, just like you guys are stressing. I mean

955
00:49:40,120 --> 00:49:43,600
Speaker 1: you have a podcast and you know advertising drives what

956
00:49:43,719 --> 00:49:45,759
Speaker 1: you hope to be your future, and that's got to

957
00:49:45,760 --> 00:49:49,600
Speaker 1: be scary as hell, you know, And so where you know,

958
00:49:49,840 --> 00:49:52,719
Speaker 1: and so talking to companies and and doing these types

959
00:49:52,760 --> 00:49:54,600
Speaker 1: of given takes, and so if you guys want to

960
00:49:54,640 --> 00:49:56,920
Speaker 1: ask me questions about that, I'll answer. But you know

961
00:49:57,200 --> 00:50:00,799
Speaker 1: that that is stressful. And if I if we can't

962
00:50:00,840 --> 00:50:04,040
Speaker 1: keep those small businesses in business, you can't keep those

963
00:50:04,040 --> 00:50:08,200
Speaker 1: employees connected. And if those businesses aren't working, you know,

964
00:50:08,320 --> 00:50:12,160
Speaker 1: all those independent contractors aren't getting paid either, And so

965
00:50:12,920 --> 00:50:15,560
Speaker 1: that's that's a big deal. And so that's really where

966
00:50:15,560 --> 00:50:17,879
Speaker 1: I've been trying to focus. And we've got enough people

967
00:50:17,880 --> 00:50:19,839
Speaker 1: who deal with all the day today stuff and even

968
00:50:19,840 --> 00:50:22,040
Speaker 1: the big picture stuff at the NBA. They don't need

969
00:50:22,080 --> 00:50:24,640
Speaker 1: me for for that type of stuff. Yeah, it strikes

970
00:50:24,680 --> 00:50:26,400
Speaker 1: me when I listened to like you talked about the

971
00:50:26,440 --> 00:50:28,960
Speaker 1: three M things, talk about sort of the importance you

972
00:50:29,000 --> 00:50:32,239
Speaker 1: feel now and getting involved in this conversation about like

973
00:50:32,280 --> 00:50:35,080
Speaker 1: what should happen as a result of this to stop

974
00:50:35,120 --> 00:50:38,279
Speaker 1: the worst case scenarios from occurring and to reset you know,

975
00:50:38,320 --> 00:50:41,839
Speaker 1: where we are as a country. Um, you have this

976
00:50:41,920 --> 00:50:44,480
Speaker 1: option because both you know, you have a very prominent

977
00:50:44,760 --> 00:50:47,600
Speaker 1: uh position, in the media, but also because you're you're

978
00:50:47,600 --> 00:50:50,160
Speaker 1: a very wealthy, successful person, and I think from the

979
00:50:50,200 --> 00:50:52,640
Speaker 1: outside a lot of us look at people who are

980
00:50:52,640 --> 00:50:54,839
Speaker 1: at your level of wealth through our billionaires. Is it's

981
00:50:54,880 --> 00:50:57,520
Speaker 1: like having a superpower right in terms of the ability

982
00:50:57,800 --> 00:51:00,040
Speaker 1: to change the world around you that you have, of

983
00:51:00,560 --> 00:51:04,759
Speaker 1: am I is that hard? But I know what you're saying, Yeah, well,

984
00:51:04,800 --> 00:51:06,520
Speaker 1: I'm interested in how you feel about that. If you

985
00:51:06,560 --> 00:51:08,720
Speaker 1: wouldn't call it a superpower, what do you think I'm

986
00:51:08,760 --> 00:51:10,759
Speaker 1: me and other folks are kind of getting wrong about

987
00:51:10,800 --> 00:51:13,160
Speaker 1: what it actually is like to to have those kind

988
00:51:13,160 --> 00:51:15,040
Speaker 1: of options that you have, because you definitely have a

989
00:51:15,040 --> 00:51:18,280
Speaker 1: different list. I'm not gonna be arrogant. I'm self aware

990
00:51:18,360 --> 00:51:21,560
Speaker 1: enough to do that, and I'm not here to tell

991
00:51:21,560 --> 00:51:25,000
Speaker 1: you how that's but I've got experience, and so I

992
00:51:25,440 --> 00:51:28,520
Speaker 1: the benefit of my experience and that's all I can do.

993
00:51:28,680 --> 00:51:31,400
Speaker 1: And I'm you know, there's a lot of people smarter

994
00:51:31,480 --> 00:51:33,400
Speaker 1: than me. There's a lot of people dumber than me,

995
00:51:33,920 --> 00:51:36,160
Speaker 1: you know, But there aren't a lot of people that

996
00:51:36,200 --> 00:51:38,719
Speaker 1: have touched all the different businesses that I have had.

997
00:51:39,000 --> 00:51:41,040
Speaker 1: There's not a lot of people that have the combination

998
00:51:41,080 --> 00:51:46,040
Speaker 1: of tech and business. Hopefully empathy, you know. Um, and

999
00:51:46,080 --> 00:51:49,759
Speaker 1: I haven't always been empathy. I haven't always empathized with

1000
00:51:49,800 --> 00:51:51,719
Speaker 1: everybody that was That was something I had to learn

1001
00:51:51,760 --> 00:51:55,719
Speaker 1: the hard way. But um, you know, there's no superpower.

1002
00:51:56,320 --> 00:51:58,440
Speaker 1: And again, I'll say it again, I just want the

1003
00:51:58,480 --> 00:52:00,680
Speaker 1: best ideas to rise to the top. And so when

1004
00:52:00,680 --> 00:52:03,440
Speaker 1: I went back and forth with Cody, you know, that's

1005
00:52:03,440 --> 00:52:05,160
Speaker 1: why I went back and forth with him. You know,

1006
00:52:05,200 --> 00:52:07,600
Speaker 1: I don't have to engage with anybody. Yeah, there's a

1007
00:52:07,640 --> 00:52:10,520
Speaker 1: superpower being wealthy. It's like I can just be arrogant

1008
00:52:10,520 --> 00:52:12,919
Speaker 1: and turn my back on everybody. But that's not who

1009
00:52:12,960 --> 00:52:16,200
Speaker 1: I am, and I try to learn from everybody. And

1010
00:52:16,280 --> 00:52:19,320
Speaker 1: so the only superpower I guess I have is that

1011
00:52:19,400 --> 00:52:22,239
Speaker 1: I can turn my back and I also can turn

1012
00:52:22,560 --> 00:52:26,520
Speaker 1: lean in and listen to anybody and not feel threatened. Yeah,

1013
00:52:26,560 --> 00:52:29,279
Speaker 1: and I wonder sort of as a society, I think

1014
00:52:29,280 --> 00:52:32,200
Speaker 1: we're all thinking more about our health care professionals because

1015
00:52:32,200 --> 00:52:34,319
Speaker 1: they're the ones putting their lives on the line to

1016
00:52:34,440 --> 00:52:37,560
Speaker 1: protect us all from this. Um, what do you think

1017
00:52:37,680 --> 00:52:40,640
Speaker 1: we owe these people on the other side of this pandemic?

1018
00:52:40,680 --> 00:52:42,760
Speaker 1: What do you think we owe the folks and doctors

1019
00:52:42,760 --> 00:52:45,920
Speaker 1: and nurses in hospital janitorial staff, those kind of folks

1020
00:52:45,960 --> 00:52:50,399
Speaker 1: who are keeping the crucial part of our infrastructure going

1021
00:52:50,520 --> 00:52:52,359
Speaker 1: right now, Like what do we owe them? I think

1022
00:52:52,360 --> 00:52:56,680
Speaker 1: you ask them what they want? Yeah, you know, I

1023
00:52:56,680 --> 00:52:58,520
Speaker 1: think one of the things you know we're going back

1024
00:52:58,560 --> 00:53:00,400
Speaker 1: a little bit to healthcare and support of us is

1025
00:53:00,880 --> 00:53:04,040
Speaker 1: I think med school should be free. Now. You know,

1026
00:53:04,080 --> 00:53:06,160
Speaker 1: I know Bernie wants free college for everybody, but I

1027
00:53:06,200 --> 00:53:09,080
Speaker 1: think the way he approached it was wrong because the

1028
00:53:09,120 --> 00:53:10,839
Speaker 1: way he approached it by saying it is just free

1029
00:53:10,880 --> 00:53:14,600
Speaker 1: for everybody from any public university. Every university has already

1030
00:53:14,640 --> 00:53:17,400
Speaker 1: proven that they're really good at jacking up tuition and

1031
00:53:17,480 --> 00:53:20,520
Speaker 1: boarding and roomen boarding costs, and all you're doing is

1032
00:53:20,520 --> 00:53:24,759
Speaker 1: giving them a license to do it even more and right,

1033
00:53:25,120 --> 00:53:29,239
Speaker 1: and so there's ways to say in every region, you

1034
00:53:29,239 --> 00:53:32,000
Speaker 1: you allowed the schools to bid, and you pick one

1035
00:53:32,040 --> 00:53:35,160
Speaker 1: school that is the free school, and you make community

1036
00:53:35,200 --> 00:53:38,680
Speaker 1: colleges free because that localizes them more. But no matter

1037
00:53:38,719 --> 00:53:40,680
Speaker 1: what for med schools, since it's hard to get in

1038
00:53:41,120 --> 00:53:44,040
Speaker 1: and it's expensive, and we need more doctors. There's only

1039
00:53:44,040 --> 00:53:47,320
Speaker 1: a million practicing doctors right now. We have two point

1040
00:53:47,400 --> 00:53:52,399
Speaker 1: four um doctors per thousand people, which is less than

1041
00:53:52,520 --> 00:53:56,239
Speaker 1: most of Western Europe, and so we don't We were

1042
00:53:56,280 --> 00:53:58,360
Speaker 1: not in a position so when something like this hits,

1043
00:53:58,640 --> 00:54:02,399
Speaker 1: we're less prepared. And so, yes, whatever they want, because

1044
00:54:02,440 --> 00:54:05,479
Speaker 1: they've earned it, but we don't have enough doctors. Really,

1045
00:54:05,840 --> 00:54:08,719
Speaker 1: monetary isn't going to be all that much benefit to them,

1046
00:54:08,760 --> 00:54:10,799
Speaker 1: because you know, maybe you pay off their loans, but

1047
00:54:10,840 --> 00:54:12,440
Speaker 1: they're still gonna have to do the job, and we're

1048
00:54:12,440 --> 00:54:14,719
Speaker 1: still gonna be shorthanded, you know, So we need to

1049
00:54:14,760 --> 00:54:17,040
Speaker 1: get more doctors in the system. Now. A lot of

1050
00:54:17,040 --> 00:54:19,400
Speaker 1: doctors would argue on that, our specialists, because I've had

1051
00:54:19,400 --> 00:54:22,279
Speaker 1: this argument with them that for specialists, you don't want

1052
00:54:22,320 --> 00:54:24,719
Speaker 1: too many. If you look at the difference between the

1053
00:54:24,800 --> 00:54:27,560
Speaker 1: United States and Canada, the big delta, isn't it with

1054
00:54:27,600 --> 00:54:30,560
Speaker 1: the number of physicians they have for thousand people. The

1055
00:54:30,600 --> 00:54:34,040
Speaker 1: big delta is they have a lot more um primary

1056
00:54:34,040 --> 00:54:36,920
Speaker 1: care doctors and we have a lot more specialists. And

1057
00:54:36,960 --> 00:54:40,400
Speaker 1: the private primary care doctors act as the gateways into

1058
00:54:40,440 --> 00:54:43,480
Speaker 1: the health care system, which regulates how much health care

1059
00:54:43,600 --> 00:54:46,719
Speaker 1: is used, and we haven't really addressed that here. We

1060
00:54:46,840 --> 00:54:49,120
Speaker 1: just let everybody go to the doctor that they want,

1061
00:54:49,120 --> 00:54:52,000
Speaker 1: how and when they want it, and we don't regulate

1062
00:54:52,040 --> 00:54:54,280
Speaker 1: at all. But if we increase the number of primary

1063
00:54:54,280 --> 00:54:57,000
Speaker 1: care physicians, we can we can start to address some

1064
00:54:57,040 --> 00:54:58,880
Speaker 1: of these things. And you do a lot of that

1065
00:54:59,000 --> 00:55:01,480
Speaker 1: by opening the door. You want to bring the bottom

1066
00:55:01,560 --> 00:55:04,080
Speaker 1: up more. You open the doors and make med school free.

1067
00:55:04,320 --> 00:55:06,800
Speaker 1: And if we do that, if med school only costs

1068
00:55:06,880 --> 00:55:10,800
Speaker 1: fifty dollars um a cement, it was a fifty semester

1069
00:55:10,840 --> 00:55:13,960
Speaker 1: a hundred thousand dollars a year. And I forget, I

1070
00:55:13,960 --> 00:55:16,839
Speaker 1: think there are eight thousand med students at any given

1071
00:55:16,880 --> 00:55:19,359
Speaker 1: point in time. That's eight billion dollars a year. It's

1072
00:55:19,400 --> 00:55:23,360
Speaker 1: worth it because the doctor population is aging. And you

1073
00:55:23,360 --> 00:55:24,759
Speaker 1: can tell I've spent a lot of time with you

1074
00:55:24,960 --> 00:55:29,319
Speaker 1: because you know me to Cody, healthcare is important to me,

1075
00:55:29,840 --> 00:55:32,600
Speaker 1: and I'm against single payer across the board, but I'm

1076
00:55:32,680 --> 00:55:35,520
Speaker 1: for a hybrid version, a single payer and open market.

1077
00:55:36,040 --> 00:55:38,759
Speaker 1: I'm I'm a single payer supporter of myself. But I

1078
00:55:38,760 --> 00:55:41,000
Speaker 1: can definitely agree with you that I can't think of

1079
00:55:41,040 --> 00:55:45,320
Speaker 1: a better way to spend eight billion dollars than more doctors. Yeah,

1080
00:55:45,840 --> 00:55:47,839
Speaker 1: books for the best candidates, but a lot of the

1081
00:55:47,880 --> 00:55:50,600
Speaker 1: best candidates don't even get to the point where they

1082
00:55:50,600 --> 00:55:54,439
Speaker 1: can apply, you know. And it's unfortunate. And and that's

1083
00:55:54,440 --> 00:55:56,400
Speaker 1: a problem across the board with everything you know, our

1084
00:55:56,440 --> 00:55:59,719
Speaker 1: political system it's run by a power structure of two

1085
00:55:59,719 --> 00:56:01,919
Speaker 1: parts that so over up to me. And I should

1086
00:56:01,920 --> 00:56:03,600
Speaker 1: have said this when you asked about you know, what

1087
00:56:03,640 --> 00:56:06,040
Speaker 1: we should do. I get rid of all political parties.

1088
00:56:07,840 --> 00:56:14,640
Speaker 1: I'm there with you, presidents. Yeah, you know. When it

1089
00:56:14,680 --> 00:56:17,279
Speaker 1: comes to my personal beliefs on this, I I am

1090
00:56:17,360 --> 00:56:20,520
Speaker 1: from the idea of UM. I I don't. I think

1091
00:56:20,520 --> 00:56:23,279
Speaker 1: the healthier our society is, as a general rule, the

1092
00:56:23,320 --> 00:56:25,880
Speaker 1: lower the gap between rich and poor is going to

1093
00:56:25,960 --> 00:56:31,040
Speaker 1: be UM. And I I have a trouble seeing I

1094
00:56:31,080 --> 00:56:34,600
Speaker 1: have trouble morally squaring myself with people having billions of

1095
00:56:34,640 --> 00:56:37,760
Speaker 1: dollars in this situation where we also have huge numbers

1096
00:56:37,760 --> 00:56:41,360
Speaker 1: of people on the streets, kids starving, UM. Things that

1097
00:56:41,400 --> 00:56:44,160
Speaker 1: are are not being done that that need to be

1098
00:56:44,200 --> 00:56:47,359
Speaker 1: done in our country. UM. But I also feel that

1099
00:56:47,400 --> 00:56:50,920
Speaker 1: like the problems we're facing right now are problems that

1100
00:56:50,960 --> 00:56:52,600
Speaker 1: need to be dealt with ad HAWC. It's not a

1101
00:56:52,640 --> 00:56:54,640
Speaker 1: situation we're just being like, well, I'm going to commit

1102
00:56:54,680 --> 00:56:58,120
Speaker 1: to this ideology is the solution. And so I don't

1103
00:56:58,120 --> 00:57:00,480
Speaker 1: agree with you on a lot of things. But if

1104
00:57:00,520 --> 00:57:03,080
Speaker 1: we couldn't, if we can work together to make sure

1105
00:57:03,120 --> 00:57:10,120
Speaker 1: medical school is free, then I'll do that. You know, Yeah,

1106
00:57:10,160 --> 00:57:13,240
Speaker 1: you know I I would say I think that, Um,

1107
00:57:13,280 --> 00:57:16,120
Speaker 1: I think there's a level of the stock market as

1108
00:57:16,120 --> 00:57:19,240
Speaker 1: it exists that I I can't square myself with morally

1109
00:57:19,280 --> 00:57:21,800
Speaker 1: the idea that like, dividends are paid out to a

1110
00:57:21,880 --> 00:57:26,480
Speaker 1: company based on the profit generated by laborers, um, and

1111
00:57:26,560 --> 00:57:29,360
Speaker 1: then those dividends, UM, they don't tend to go back

1112
00:57:29,400 --> 00:57:32,600
Speaker 1: to the laborers like I. In my inequitable system, I

1113
00:57:32,640 --> 00:57:35,240
Speaker 1: think would be one where, um, it is impossible to

1114
00:57:35,280 --> 00:57:38,600
Speaker 1: have a publicly traded company that employees don't have as

1115
00:57:38,720 --> 00:57:41,440
Speaker 1: much say in, at least as as the investors. Like

1116
00:57:41,480 --> 00:57:43,760
Speaker 1: I'm a big kind of workers controlling the means of

1117
00:57:43,800 --> 00:57:46,080
Speaker 1: production thing. And if that winds up being a hybrid

1118
00:57:46,120 --> 00:57:48,800
Speaker 1: of what we have now and something new, I'm okay

1119
00:57:48,840 --> 00:57:52,040
Speaker 1: with that. But I think that needs to change pretty radically. Well, okay,

1120
00:57:52,040 --> 00:57:53,840
Speaker 1: so let's let's start there. So you already know that

1121
00:57:53,920 --> 00:57:58,600
Speaker 1: I agree that that I believe that all employees sh sure, sure,

1122
00:57:58,920 --> 00:58:02,440
Speaker 1: so when dividends are paid, then they'll also benefit from

1123
00:58:02,440 --> 00:58:05,320
Speaker 1: the dividends paid. Yeah, absolutely, And then I'm great with

1124
00:58:05,360 --> 00:58:09,840
Speaker 1: it in terms of having worker control or worker influence.

1125
00:58:10,040 --> 00:58:12,480
Speaker 1: There's two different types of companies. There's a company where

1126
00:58:12,480 --> 00:58:15,640
Speaker 1: you hire the CEO and there's a founder driven company.

1127
00:58:15,720 --> 00:58:18,280
Speaker 1: So for the companies I've started, like when we started

1128
00:58:18,280 --> 00:58:21,720
Speaker 1: audio Net, which effectively started the whole streaming industry, if

1129
00:58:21,840 --> 00:58:25,160
Speaker 1: I just immediately set up a worker's council and said, everybody,

1130
00:58:25,200 --> 00:58:28,000
Speaker 1: give me your feedback, we would have failed miserably because

1131
00:58:28,000 --> 00:58:30,480
Speaker 1: I had it was my vision and my partner's vision,

1132
00:58:30,800 --> 00:58:32,640
Speaker 1: and my first company was the same way, where it

1133
00:58:32,680 --> 00:58:34,720
Speaker 1: was just go go, go, go go, and we got

1134
00:58:34,760 --> 00:58:36,600
Speaker 1: him put from the employees, but it was always my

1135
00:58:36,640 --> 00:58:40,520
Speaker 1: final decision. That's a founder driven company where the company

1136
00:58:40,600 --> 00:58:44,280
Speaker 1: hires the CEO. Right, if the employees own enough share

1137
00:58:44,280 --> 00:58:47,920
Speaker 1: at the stock or they get people that they connect

1138
00:58:47,960 --> 00:58:50,920
Speaker 1: to to buy enough to get control, then when you

1139
00:58:50,960 --> 00:58:55,000
Speaker 1: go hire a CEO, you can direct the approach that

1140
00:58:55,000 --> 00:58:57,640
Speaker 1: that CEO will take. And if they want to have

1141
00:58:57,920 --> 00:59:00,960
Speaker 1: or the shareholders which now include the employees, want to

1142
00:59:01,000 --> 00:59:04,600
Speaker 1: make it un employee driven company. There, I don't have

1143
00:59:04,640 --> 00:59:06,800
Speaker 1: a problem with that, but you know, at the end

1144
00:59:06,800 --> 00:59:09,080
Speaker 1: of the day, the results are still going to speak

1145
00:59:09,080 --> 00:59:12,439
Speaker 1: for themselves. You know, if we get better results UM

1146
00:59:12,480 --> 00:59:16,640
Speaker 1: from employee UM council driven companies, more companies will do it.

1147
00:59:16,800 --> 00:59:19,800
Speaker 1: If we get worse results, those companies will struggle, and

1148
00:59:19,880 --> 00:59:22,200
Speaker 1: most companies will try not to do it. And so

1149
00:59:22,320 --> 00:59:27,040
Speaker 1: that's where the Darwinian nature of capitalism well, either either

1150
00:59:27,200 --> 00:59:29,440
Speaker 1: make it work or fail. And so I'm not against

1151
00:59:29,440 --> 00:59:32,440
Speaker 1: it at all, except in d companies, because I think

1152
00:59:32,480 --> 00:59:34,960
Speaker 1: it's difficult to say to somebody who took all the

1153
00:59:35,080 --> 00:59:37,200
Speaker 1: risk or most of the risk, you know you can't

1154
00:59:37,200 --> 00:59:40,320
Speaker 1: make the decisions to believe it, and that you designed

1155
00:59:40,360 --> 00:59:43,680
Speaker 1: the companies to do, because here's this council that says otherwise,

1156
00:59:44,120 --> 00:59:46,560
Speaker 1: and the same thing happens with the board of directors. Yeah,

1157
00:59:46,600 --> 00:59:48,680
Speaker 1: and I don't and I don't disagree with that. I

1158
00:59:48,680 --> 00:59:51,600
Speaker 1: think there's certainly a place there's obvious and in arguable

1159
00:59:51,920 --> 00:59:54,320
Speaker 1: and in arguable benefits of companies that are run that way.

1160
00:59:54,320 --> 00:59:56,720
Speaker 1: There's things they do incredibly well, and there there's no

1161
00:59:56,880 --> 00:59:59,160
Speaker 1: denying that. But I'm also looking at at this world

1162
00:59:59,240 --> 01:00:01,040
Speaker 1: and like I kind of hesitant to bring some of

1163
01:00:01,040 --> 01:00:02,320
Speaker 1: this up because I don't want it to be like

1164
01:00:02,360 --> 01:00:05,080
Speaker 1: here's a bad thing, A completely different person who happens

1165
01:00:05,080 --> 01:00:07,280
Speaker 1: to be a billionaire did answer for it, Mark Cuban,

1166
01:00:07,280 --> 01:00:11,200
Speaker 1: because that's not a fair Um. Yeah, like Cody would

1167
01:00:11,520 --> 01:00:14,920
Speaker 1: Tody could could responder here, which I went back and

1168
01:00:15,000 --> 01:00:17,360
Speaker 1: forth again because I'm always curious. I'm not gonna get

1169
01:00:17,360 --> 01:00:22,040
Speaker 1: any smarter. Yeah. I have less of an issue with

1170
01:00:22,080 --> 01:00:25,160
Speaker 1: the idea of individuals with a vision um being able

1171
01:00:25,200 --> 01:00:27,919
Speaker 1: to like run, you know, start a company that that

1172
01:00:27,920 --> 01:00:29,560
Speaker 1: that works the way they want and does the thing

1173
01:00:29,600 --> 01:00:31,840
Speaker 1: they want, and that they benefit from, you know, core

1174
01:00:31,960 --> 01:00:34,640
Speaker 1: you know, commensurate to the uh the level of risk

1175
01:00:34,720 --> 01:00:37,280
Speaker 1: that they put into it. But I think that sort

1176
01:00:37,320 --> 01:00:39,960
Speaker 1: of the system we have now, where you have the

1177
01:00:40,520 --> 01:00:43,080
Speaker 1: people who are investors in these companies and like these

1178
01:00:43,080 --> 01:00:46,040
Speaker 1: tech companies, UM and and just in general, like the

1179
01:00:46,040 --> 01:00:49,000
Speaker 1: way our system works, the people who are the kind

1180
01:00:49,000 --> 01:00:51,720
Speaker 1: of capital owning class, the folks who actually own these stocks,

1181
01:00:51,720 --> 01:00:55,880
Speaker 1: which is a pretty small fraction of the American population. UM,

1182
01:00:55,920 --> 01:00:58,960
Speaker 1: the profits they make put them in a position of

1183
01:00:59,160 --> 01:01:01,880
Speaker 1: extreme hour over the rest of us. I feel, and

1184
01:01:01,960 --> 01:01:05,320
Speaker 1: not everyone exercises it, but a number two there right

1185
01:01:05,960 --> 01:01:09,280
Speaker 1: wrote a blog six seven eight years ago on blog

1186
01:01:09,320 --> 01:01:11,560
Speaker 1: maverick dot com where I said there should be a

1187
01:01:11,600 --> 01:01:14,760
Speaker 1: windfall profit tax I got a fault when I sold

1188
01:01:14,760 --> 01:01:16,680
Speaker 1: my company, right, and then I sold the stock that

1189
01:01:16,720 --> 01:01:19,400
Speaker 1: I got. I would have been happy to pay almost anything,

1190
01:01:19,600 --> 01:01:21,400
Speaker 1: because I was like a pig and mud right. I

1191
01:01:21,520 --> 01:01:23,680
Speaker 1: was happy as a clam, and that was the time

1192
01:01:23,720 --> 01:01:25,760
Speaker 1: to hit me. I've got no problem with the windfall

1193
01:01:25,800 --> 01:01:30,520
Speaker 1: profits text right. Some people would, right, I don't. My

1194
01:01:30,680 --> 01:01:33,600
Speaker 1: biggest concern is how do we use it? Yeah, and

1195
01:01:33,760 --> 01:01:35,480
Speaker 1: I think that is one of the areas we're going

1196
01:01:35,520 --> 01:01:38,840
Speaker 1: to have more commonalities because I have some beliefs that

1197
01:01:38,880 --> 01:01:41,520
Speaker 1: are sort of ideological, but I also have some beliefs

1198
01:01:41,560 --> 01:01:43,880
Speaker 1: that are just like, yeah, we need to be spending

1199
01:01:43,960 --> 01:01:46,480
Speaker 1: less money on certain things and more money on certain things,

1200
01:01:46,520 --> 01:01:48,840
Speaker 1: and we're going to spend that money anyway. So let's

1201
01:01:48,920 --> 01:02:00,520
Speaker 1: work together to do it more intelligently. Yeah, well together everything.

1202
01:02:04,440 --> 01:02:07,320
Speaker 1: I know. Cody had one final question for you, and

1203
01:02:07,520 --> 01:02:13,440
Speaker 1: he wants to know who do you think killed Jeff Epstein? Yeah,

1204
01:02:14,280 --> 01:02:21,240
Speaker 1: you know, Tiger King. What's the guy's name. He's sure

1205
01:02:21,280 --> 01:02:25,520
Speaker 1: it's not Carol Raskin because he knows. Yeah, I haven't

1206
01:02:25,520 --> 01:02:27,560
Speaker 1: watched it. That's my goal tonight to get on the optical.

1207
01:02:28,160 --> 01:02:31,120
Speaker 1: It's pretty wild. You'll enjoy it. Yeah, Yeah, you know,

1208
01:02:31,400 --> 01:02:34,720
Speaker 1: our our home state Texas has more tigers, uh than

1209
01:02:35,000 --> 01:02:36,920
Speaker 1: live in the wild and the rest of the world.

1210
01:02:37,200 --> 01:02:40,920
Speaker 1: That's crazy. I did not know that a lot of

1211
01:02:40,920 --> 01:02:45,960
Speaker 1: tiger owners in Texas. I think still I agree there

1212
01:02:45,960 --> 01:02:51,960
Speaker 1: should be a tax on tiger purchases. Yeah, yeah, put

1213
01:02:51,960 --> 01:02:53,920
Speaker 1: that on your platform in case you ever decided to

1214
01:02:54,000 --> 01:02:57,040
Speaker 1: run in America. Two point oh. I'm mainly so, just

1215
01:02:57,080 --> 01:03:00,240
Speaker 1: a couple of things. I mainly I was curious about

1216
01:03:00,520 --> 01:03:02,920
Speaker 1: because like, we've talked about healthcare a lot um and

1217
01:03:03,000 --> 01:03:05,960
Speaker 1: your opinion of like Bernie Sanders plan was with Warren's plan. Um,

1218
01:03:06,000 --> 01:03:08,960
Speaker 1: you've criticized them both. Obviously, it does seem like you

1219
01:03:09,000 --> 01:03:11,840
Speaker 1: don't support single payer, but you do want everyone to

1220
01:03:11,880 --> 01:03:16,920
Speaker 1: have health care while like expanding Medicaid and but maintaining

1221
01:03:16,920 --> 01:03:19,640
Speaker 1: a good capitalist system for healthcare in the middle. But

1222
01:03:19,720 --> 01:03:22,760
Speaker 1: I guess so recently in regards to the three M situation,

1223
01:03:22,800 --> 01:03:25,880
Speaker 1: you've also said, I get wanting to make millions of dollars,

1224
01:03:26,040 --> 01:03:28,040
Speaker 1: but people are dying. And I think for a lot

1225
01:03:28,120 --> 01:03:31,520
Speaker 1: of people that's true any other time, it's not just

1226
01:03:31,560 --> 01:03:34,280
Speaker 1: true for the pandemic. And so how do you sort

1227
01:03:34,320 --> 01:03:37,720
Speaker 1: of reconcile those two ideas of maintaining a good, healthy,

1228
01:03:37,720 --> 01:03:40,960
Speaker 1: capitalist system while knowing that any sort of system like

1229
01:03:41,000 --> 01:03:44,040
Speaker 1: that is going to tend to put profits over people,

1230
01:03:44,560 --> 01:03:49,360
Speaker 1: and how that maybe shouldn't be how health care system

1231
01:03:49,400 --> 01:03:52,240
Speaker 1: works when people are dying for the sake of millions

1232
01:03:52,240 --> 01:03:55,680
Speaker 1: of dollars. So people are dying unless there's some extraneous

1233
01:03:55,680 --> 01:03:58,800
Speaker 1: thing that's causing the death right, it's typically through lack

1234
01:03:58,840 --> 01:04:01,280
Speaker 1: of access to a healthcare system. And so as you

1235
01:04:01,280 --> 01:04:03,760
Speaker 1: and I have talked very briefly, I put together when

1236
01:04:03,880 --> 01:04:06,240
Speaker 1: when it looked like the Republicans were going to crush

1237
01:04:06,480 --> 01:04:09,600
Speaker 1: um in the a c A. I asked myself, Okay,

1238
01:04:09,640 --> 01:04:11,800
Speaker 1: if I needed to recreate a healthcare system, what would

1239
01:04:11,800 --> 01:04:14,479
Speaker 1: I do? And so I went to a far left

1240
01:04:14,480 --> 01:04:17,360
Speaker 1: economist and I said, you know what, my company and

1241
01:04:17,400 --> 01:04:20,360
Speaker 1: all the biggest, smartest companies I know self ensured. So

1242
01:04:20,400 --> 01:04:22,720
Speaker 1: in other words, we don't we don't pay insurance premiums.

1243
01:04:22,760 --> 01:04:24,919
Speaker 1: We just cover the cost of our employees when they're

1244
01:04:24,960 --> 01:04:28,600
Speaker 1: only we have great programs. I mean, our people hate you, mate,

1245
01:04:28,680 --> 01:04:31,760
Speaker 1: hate working for me. They stay for the healthcare um,

1246
01:04:31,920 --> 01:04:34,120
Speaker 1: that's how good it is. And so I said, well,

1247
01:04:34,160 --> 01:04:36,400
Speaker 1: if we do it, and all these smart companies do it,

1248
01:04:36,760 --> 01:04:39,600
Speaker 1: then why doesn't the United States of America's self insured.

1249
01:04:39,920 --> 01:04:41,840
Speaker 1: Why do we have insurance companies in the middle of

1250
01:04:41,880 --> 01:04:45,040
Speaker 1: this at all? And so I put together a program

1251
01:04:45,280 --> 01:04:48,360
Speaker 1: and I said, would you would you score this like

1252
01:04:48,600 --> 01:04:51,120
Speaker 1: you were the government? And it came back and they

1253
01:04:51,160 --> 01:04:54,480
Speaker 1: said that if we did your plan, you'd have coverage

1254
01:04:54,480 --> 01:04:57,640
Speaker 1: for everybody under the that would be eligible for the

1255
01:04:57,640 --> 01:05:00,400
Speaker 1: A c A would be automatically be covered, and you'd

1256
01:05:00,400 --> 01:05:03,960
Speaker 1: save sixty billion dollars a year. And I'm like, oh, okay,

1257
01:05:04,000 --> 01:05:07,240
Speaker 1: that's interesting. And then let's if we have sixty billion

1258
01:05:07,280 --> 01:05:10,720
Speaker 1: to span, let's change the parameters and instead of just

1259
01:05:10,800 --> 01:05:13,600
Speaker 1: doing a one year projection, let's do a fifteen year projection.

1260
01:05:14,120 --> 01:05:17,000
Speaker 1: And so I took it. I asked Zeke Manuel, and

1261
01:05:17,040 --> 01:05:20,720
Speaker 1: I asked others who's the best at scoring healthcare proposals

1262
01:05:20,760 --> 01:05:23,520
Speaker 1: that will rip it apart and make it better? And

1263
01:05:23,560 --> 01:05:26,240
Speaker 1: so they sent me to the RAND Corps and I said,

1264
01:05:26,240 --> 01:05:28,120
Speaker 1: here's what I want to do. I want to take

1265
01:05:28,160 --> 01:05:32,440
Speaker 1: a program where there's some level, some percentage of the

1266
01:05:32,440 --> 01:05:37,040
Speaker 1: federal property level the low which health care is effectively

1267
01:05:37,080 --> 01:05:40,840
Speaker 1: free right, so that people who can afford care have

1268
01:05:40,960 --> 01:05:44,440
Speaker 1: access to it. And the biggest challenge really is the

1269
01:05:44,440 --> 01:05:48,040
Speaker 1: states that don't have Medicaid, because where there's good Medicaid programs,

1270
01:05:48,320 --> 01:05:50,200
Speaker 1: you don't see a lot of those issues that lets

1271
01:05:50,240 --> 01:05:53,320
Speaker 1: it's a mental health driven problem, right because there's they

1272
01:05:53,320 --> 01:05:56,120
Speaker 1: have access to care and they typically tend to get it.

1273
01:05:56,320 --> 01:05:58,880
Speaker 1: The v A kind of goes south a little bit um,

1274
01:05:59,040 --> 01:06:02,880
Speaker 1: but you know, it's it's those non Medicaid states that

1275
01:06:02,960 --> 01:06:05,680
Speaker 1: really are real pronct. But I said, okay, let's start

1276
01:06:05,760 --> 01:06:10,320
Speaker 1: with the poverty level, and below that it's effectively free.

1277
01:06:10,600 --> 01:06:15,280
Speaker 1: Above that, you don't start paying insurance premiums until you

1278
01:06:15,280 --> 01:06:19,000
Speaker 1: you use the health care system. So if you're thirty

1279
01:06:19,080 --> 01:06:22,080
Speaker 1: thirty five and healthy and you can afford to go

1280
01:06:22,120 --> 01:06:24,880
Speaker 1: to the doctor once a year and pay sixty or

1281
01:06:24,920 --> 01:06:27,320
Speaker 1: eighty dollars or a hundred fifty dollars whatever it may be,

1282
01:06:27,720 --> 01:06:29,960
Speaker 1: you don't you don't get involved in this system at all.

1283
01:06:30,200 --> 01:06:33,480
Speaker 1: If you can't afford to do that, then and you

1284
01:06:33,640 --> 01:06:36,560
Speaker 1: enter this you pay well again, and you're making over

1285
01:06:36,600 --> 01:06:39,800
Speaker 1: two of the povy level, which that number varies by

1286
01:06:39,800 --> 01:06:42,000
Speaker 1: the number of people in your family. But if you're

1287
01:06:42,040 --> 01:06:45,800
Speaker 1: making above them, then you don't when you enter the system.

1288
01:06:46,000 --> 01:06:50,600
Speaker 1: You don't start paying until you use something so and

1289
01:06:50,640 --> 01:06:53,480
Speaker 1: then the payment is based off a percentage of your income.

1290
01:06:54,360 --> 01:06:57,360
Speaker 1: So if I'm making if I'm a single individual and

1291
01:06:57,520 --> 01:07:02,280
Speaker 1: I'm making fifty dollars a year, and I use UM

1292
01:07:02,320 --> 01:07:04,360
Speaker 1: and I break my ankle, and it costs me a

1293
01:07:04,400 --> 01:07:08,480
Speaker 1: thousand dollars, and I can't afford to pay that thousand dollars,

1294
01:07:08,520 --> 01:07:11,160
Speaker 1: and so I'll pay no more than three percent of

1295
01:07:11,200 --> 01:07:14,280
Speaker 1: my income each month until that thousand dollars is paid off.

1296
01:07:15,000 --> 01:07:18,840
Speaker 1: If I'm I'm if I'm in an unfortunate circumstance and

1297
01:07:18,960 --> 01:07:22,760
Speaker 1: I have loopez, I have just horrific things, and my

1298
01:07:22,840 --> 01:07:25,800
Speaker 1: drug therapy is a million dollars a year, I pay

1299
01:07:25,880 --> 01:07:29,040
Speaker 1: the same three percent no matter what, and that becomes

1300
01:07:29,080 --> 01:07:31,520
Speaker 1: my premium that now that I've entered the health care

1301
01:07:31,520 --> 01:07:34,000
Speaker 1: system now using this ten plan is what it's called.

1302
01:07:34,320 --> 01:07:38,640
Speaker 1: Because nobody making under UM five thousand dollars pays more

1303
01:07:38,640 --> 01:07:42,280
Speaker 1: than ten percent of their income. So that's my premium.

1304
01:07:42,320 --> 01:07:47,400
Speaker 1: That's what I pay. That's it and SOW and under

1305
01:07:47,640 --> 01:07:51,600
Speaker 1: it's effectively single pair above that. If I'm making fifty K,

1306
01:07:51,720 --> 01:07:53,920
Speaker 1: it's three percent. If I'm making eight a d K,

1307
01:07:54,120 --> 01:07:58,160
Speaker 1: it's probably it's eight percent. If I'm making two or higher.

1308
01:07:58,160 --> 01:08:01,479
Speaker 1: It's ten percent. That's it. And then the government eats

1309
01:08:01,480 --> 01:08:06,400
Speaker 1: the ballance. And so when you do that, individuals, according

1310
01:08:06,480 --> 01:08:09,520
Speaker 1: to the RAM plans, save sixty three billion dollars a year.

1311
01:08:10,280 --> 01:08:13,680
Speaker 1: The government breaks even. But the important part is you've

1312
01:08:13,680 --> 01:08:18,040
Speaker 1: got Medicaid, you've got employer based insurance. Everybody else in

1313
01:08:18,080 --> 01:08:20,760
Speaker 1: the middle is covered. The problem with the A C

1314
01:08:20,960 --> 01:08:23,080
Speaker 1: A is out of the forty five or forty six

1315
01:08:23,160 --> 01:08:26,639
Speaker 1: million eligible people, twenty eight million or not covered under

1316
01:08:26,720 --> 01:08:29,599
Speaker 1: my plan. Under the ten plan, all twenty eight million

1317
01:08:29,640 --> 01:08:33,439
Speaker 1: people are covered, and the government doesn't spend more and

1318
01:08:33,720 --> 01:08:37,680
Speaker 1: employee in everybody that's in that A C A program equivalent.

1319
01:08:37,880 --> 01:08:41,799
Speaker 1: The ten plan save sixty three billion dollars, which gives

1320
01:08:41,880 --> 01:08:45,360
Speaker 1: us the flexibility to say, all right, maybe we charged

1321
01:08:45,439 --> 01:08:47,479
Speaker 1: a little bit more for those who enter the plan

1322
01:08:47,840 --> 01:08:53,000
Speaker 1: so that we can raise that bottom threshold from too

1323
01:08:53,840 --> 01:08:56,639
Speaker 1: whatever the numbers allow us to do. But now, all

1324
01:08:56,640 --> 01:08:59,920
Speaker 1: of a sudden, if your four open market, you're good.

1325
01:09:00,680 --> 01:09:03,240
Speaker 1: If you're if you really want everybody who needs care

1326
01:09:03,320 --> 01:09:07,480
Speaker 1: to get care, you're good. Right and in this environment,

1327
01:09:07,640 --> 01:09:09,880
Speaker 1: and after the reset, when we come on the other side,

1328
01:09:10,280 --> 01:09:14,080
Speaker 1: same thing. All those people who are lg as eligible

1329
01:09:15,040 --> 01:09:18,040
Speaker 1: all of them are covered immediately starting the day after

1330
01:09:18,160 --> 01:09:21,479
Speaker 1: this passes. If you break your leg, if you get cancer,

1331
01:09:21,600 --> 01:09:24,960
Speaker 1: whatever it is, you're just paying your percentage based off

1332
01:09:25,000 --> 01:09:27,320
Speaker 1: your income. And if you don't have any income, we'll

1333
01:09:27,320 --> 01:09:29,880
Speaker 1: work with you to get into medicate or you age

1334
01:09:29,880 --> 01:09:33,840
Speaker 1: out into Medicare. So yeah, so this this tent plan

1335
01:09:34,439 --> 01:09:39,000
Speaker 1: you're referring to UM, So it's sort of along these

1336
01:09:39,080 --> 01:09:42,840
Speaker 1: lines because let's say I make thirty a year and

1337
01:09:42,880 --> 01:09:45,519
Speaker 1: I have that problem. Would you and I be able

1338
01:09:45,600 --> 01:09:48,439
Speaker 1: to go to the same doctor basically, because if you're

1339
01:09:48,479 --> 01:09:51,679
Speaker 1: separating into like this tent and this tent uh, if

1340
01:09:51,680 --> 01:09:53,920
Speaker 1: no one is, if not everyone is paying into, then

1341
01:09:54,720 --> 01:09:56,760
Speaker 1: you would get the better care. I guess this point,

1342
01:09:56,760 --> 01:09:58,400
Speaker 1: you go to the best doctor in the world and

1343
01:09:58,439 --> 01:10:02,400
Speaker 1: you paid three of your income. Okay, I see it's

1344
01:10:02,439 --> 01:10:05,160
Speaker 1: one of those things I can potentially get on board

1345
01:10:05,200 --> 01:10:07,880
Speaker 1: with any plan that would mean that everyone walking in

1346
01:10:08,240 --> 01:10:10,880
Speaker 1: everyone in America could walk into a doctor if they're

1347
01:10:10,880 --> 01:10:14,640
Speaker 1: worried they're sick and get treatment. UM, as long as

1348
01:10:14,640 --> 01:10:17,439
Speaker 1: it's also a situation where everyone in America can afford

1349
01:10:17,439 --> 01:10:19,760
Speaker 1: their insulin without it costing as much as rent or

1350
01:10:19,760 --> 01:10:23,400
Speaker 1: whatever other medication they need. Let's go there for a second, right, Sure,

1351
01:10:23,920 --> 01:10:26,519
Speaker 1: when you look at drug pricing there there are certain

1352
01:10:26,560 --> 01:10:29,960
Speaker 1: drugs that most of the single molecule drugs and I'm

1353
01:10:30,000 --> 01:10:32,080
Speaker 1: not an expert here, so if I misspeak, you know,

1354
01:10:32,200 --> 01:10:35,880
Speaker 1: forgive me. But most of the single molecule drugs came

1355
01:10:35,960 --> 01:10:39,439
Speaker 1: from research that was done at the National Institute of Health,

1356
01:10:40,320 --> 01:10:44,679
Speaker 1: and when they discover something, they license it to somebody,

1357
01:10:44,840 --> 01:10:47,880
Speaker 1: and typically that person licensed it to somebody else, and

1358
01:10:47,960 --> 01:10:50,640
Speaker 1: you have this middleman effect until it gets to a

1359
01:10:50,680 --> 01:10:54,920
Speaker 1: big pharmaceutical company and they jack it up forever. Yeah,

1360
01:10:55,760 --> 01:10:59,160
Speaker 1: you can change the rules so that anything that originates

1361
01:10:59,160 --> 01:11:01,000
Speaker 1: from the n i H and give the n AGE

1362
01:11:01,000 --> 01:11:04,320
Speaker 1: more money so they can originate more things and inhibit

1363
01:11:04,880 --> 01:11:08,519
Speaker 1: the cost of the drugs going downstream. There's also this

1364
01:11:08,520 --> 01:11:11,879
Speaker 1: thing called the called Marching Rights that it's been debated,

1365
01:11:12,040 --> 01:11:15,200
Speaker 1: but also allows the government right now for any of

1366
01:11:15,200 --> 01:11:19,080
Speaker 1: those drugs that originated from the NIH to reprice them

1367
01:11:19,080 --> 01:11:22,200
Speaker 1: now because of the lobby and effects. That hasn't happened yet,

1368
01:11:22,400 --> 01:11:26,600
Speaker 1: but yeah, well there's to be there. And with insulin,

1369
01:11:26,960 --> 01:11:30,479
Speaker 1: because that's generic and it's off patent, one of my

1370
01:11:30,560 --> 01:11:32,519
Speaker 1: companies is looking at doing that. The problem is it's

1371
01:11:32,560 --> 01:11:35,240
Speaker 1: going to take three years to finish it, but you're

1372
01:11:35,240 --> 01:11:38,800
Speaker 1: gonna see something where, hopefully, if everything goes according to

1373
01:11:38,840 --> 01:11:42,599
Speaker 1: plan and everything's upside down. Now, obviously we're gonna take

1374
01:11:42,640 --> 01:11:45,080
Speaker 1: a lot of drugs and sell them at cost plus

1375
01:11:45,080 --> 01:11:48,920
Speaker 1: ten percent and they'll always be that price. I guess

1376
01:11:48,920 --> 01:11:50,960
Speaker 1: one of the issues I see in terms of actually

1377
01:11:51,040 --> 01:11:53,920
Speaker 1: making this happen, because again, I support anything that's going

1378
01:11:53,960 --> 01:11:56,320
Speaker 1: to make it easier for regular people to get healthcare.

1379
01:11:56,760 --> 01:11:59,880
Speaker 1: But there is a very, very wealthy industry that has

1380
01:12:00,040 --> 01:12:02,240
Speaker 1: made a lot of money and relies on being able

1381
01:12:02,240 --> 01:12:04,880
Speaker 1: to do things like triple the cost of insulin over

1382
01:12:04,920 --> 01:12:06,640
Speaker 1: the course of ten years, which is what happened with

1383
01:12:06,680 --> 01:12:10,400
Speaker 1: Eli Lilly when Alexaser was in charge of it UM.

1384
01:12:10,439 --> 01:12:14,000
Speaker 1: And those people, the individuals in the man the companies themselves,

1385
01:12:14,000 --> 01:12:16,640
Speaker 1: are going to fight like hell to not have a

1386
01:12:16,680 --> 01:12:19,760
Speaker 1: situation that is less profitable for them. How do you

1387
01:12:19,840 --> 01:12:25,800
Speaker 1: deal with that? Yeah? Right, Okay, I'd like to hear that. Yeah,

1388
01:12:25,960 --> 01:12:28,400
Speaker 1: that's the fight I'm happy to take on because that's

1389
01:12:28,439 --> 01:12:30,640
Speaker 1: where my platform comes in. It's not the arrogance of

1390
01:12:30,720 --> 01:12:33,240
Speaker 1: someone who's rich, that somebody who has a TV show. Right,

1391
01:12:33,280 --> 01:12:35,559
Speaker 1: We've seen we've seen how much a reality TV show

1392
01:12:35,600 --> 01:12:40,160
Speaker 1: can benefit nobody. Um, I have a platform that others

1393
01:12:40,200 --> 01:12:43,639
Speaker 1: may not have. But I also know how to compete, right,

1394
01:12:43,640 --> 01:12:45,880
Speaker 1: So you're not going to hit every drug and solve

1395
01:12:45,960 --> 01:12:48,720
Speaker 1: every problem, but you can solve the insulin problem. What

1396
01:12:48,720 --> 01:12:51,320
Speaker 1: what I've learned is with this company, I started to

1397
01:12:51,320 --> 01:12:53,360
Speaker 1: address this. And again I don't want to make any

1398
01:12:53,400 --> 01:12:57,840
Speaker 1: problem with promises, but I'll give you an example. UM,

1399
01:12:58,000 --> 01:13:00,200
Speaker 1: is that once once a new company comes is in,

1400
01:13:01,040 --> 01:13:03,479
Speaker 1: all the big guys try to buy it. And so

1401
01:13:03,600 --> 01:13:05,960
Speaker 1: we've already been offered a lot of money for the

1402
01:13:06,040 --> 01:13:09,599
Speaker 1: company that isn't even really selling anything yet because they

1403
01:13:09,600 --> 01:13:11,519
Speaker 1: want to try to keep us out and they know

1404
01:13:11,600 --> 01:13:14,320
Speaker 1: what we're trying to do. And most people say yes,

1405
01:13:14,360 --> 01:13:17,639
Speaker 1: because why wouldn't they. I don't need their money. There's

1406
01:13:17,720 --> 01:13:22,400
Speaker 1: there's a drug called then danizol or something. It's for tapeworm.

1407
01:13:22,840 --> 01:13:25,719
Speaker 1: And there's there's an epidode. I don't call it epidemic

1408
01:13:25,760 --> 01:13:29,760
Speaker 1: these days, there's a significant spread of tapeworm and some

1409
01:13:29,840 --> 01:13:34,280
Speaker 1: of the rural communities of Alabama. And so we found

1410
01:13:34,280 --> 01:13:36,559
Speaker 1: a source. And again, all this could be upside down.

1411
01:13:36,720 --> 01:13:39,639
Speaker 1: Who knows, you know, what happens to our sources now.

1412
01:13:39,880 --> 01:13:42,200
Speaker 1: But if we're in, if we go back two months,

1413
01:13:42,200 --> 01:13:45,400
Speaker 1: the goal was um to take this albertazol and I

1414
01:13:45,439 --> 01:13:48,160
Speaker 1: know I'm saying it wrong, and it was selling for

1415
01:13:48,160 --> 01:13:54,000
Speaker 1: two bucks per um for prescription and and go we

1416
01:13:54,040 --> 01:13:56,519
Speaker 1: can go out and we found the original manufacturer that

1417
01:13:56,640 --> 01:13:59,799
Speaker 1: created it, and we were buying it for eight dollars

1418
01:14:00,080 --> 01:14:02,920
Speaker 1: selling it for nine. And we were going to give

1419
01:14:03,000 --> 01:14:08,639
Speaker 1: the initial um prescriptions away for free just to get

1420
01:14:08,640 --> 01:14:12,599
Speaker 1: our arms around what was happening in rural Alabama. And

1421
01:14:12,680 --> 01:14:15,840
Speaker 1: so there's a lot of arbitrarze opportunities that well that

1422
01:14:15,880 --> 01:14:18,800
Speaker 1: we're looking to take advantage of that people have always

1423
01:14:18,840 --> 01:14:21,400
Speaker 1: been fought out of. And the bigger point is that

1424
01:14:21,760 --> 01:14:25,120
Speaker 1: as bad as the pharmaceutical industry is with jagging up

1425
01:14:25,160 --> 01:14:28,040
Speaker 1: the price of drugs, every single drug goes up a

1426
01:14:28,080 --> 01:14:31,519
Speaker 1: patent at some point for the original drug, and so

1427
01:14:31,640 --> 01:14:34,439
Speaker 1: at some point you can battle them across the board.

1428
01:14:34,640 --> 01:14:38,559
Speaker 1: Even when they played bad bad company patent games, there's

1429
01:14:38,560 --> 01:14:40,800
Speaker 1: still ways to deal with it. And so that's the

1430
01:14:40,840 --> 01:14:42,759
Speaker 1: goal of what we're trying to create. And I don't

1431
01:14:42,760 --> 01:14:45,000
Speaker 1: want this to sound like, oh, it's the rich guy

1432
01:14:45,040 --> 01:14:47,720
Speaker 1: trying to solve everything that's not the point at all.

1433
01:14:48,040 --> 01:14:50,320
Speaker 1: Where I'm fortunate is that I get a lot of

1434
01:14:50,320 --> 01:14:52,720
Speaker 1: smart people that reach out to me. Cody wants to

1435
01:14:52,760 --> 01:14:55,880
Speaker 1: talk politics, other people want to talk medicine, and I

1436
01:14:55,960 --> 01:14:59,160
Speaker 1: invest in those companies, right, And so that's what happened.

1437
01:14:59,240 --> 01:15:01,599
Speaker 1: It's not me thinking I can save the world. It's

1438
01:15:01,680 --> 01:15:04,400
Speaker 1: really really smart people from all walks of light coming

1439
01:15:04,439 --> 01:15:06,559
Speaker 1: to me and say, would you give me a chance,

1440
01:15:07,000 --> 01:15:10,479
Speaker 1: whether it's Arlene Hamilton's and me investing in women of color,

1441
01:15:10,960 --> 01:15:13,320
Speaker 1: you know, mommy, or baby products ready said go for

1442
01:15:13,400 --> 01:15:16,639
Speaker 1: baby products. Just people who came to me and said, Okay,

1443
01:15:16,880 --> 01:15:19,479
Speaker 1: give us a chance to do this. That happened here,

1444
01:15:19,760 --> 01:15:22,960
Speaker 1: and the Jude was brilliant, right, and happened to get

1445
01:15:22,960 --> 01:15:25,880
Speaker 1: it going, and it's his baby. I'm not running it.

1446
01:15:26,040 --> 01:15:28,519
Speaker 1: I'm not I'm not the brains behind it. I'm just

1447
01:15:28,560 --> 01:15:31,880
Speaker 1: supporting it. But I have all these unique opportunities available

1448
01:15:31,880 --> 01:15:35,360
Speaker 1: to me and that you know, I can find and

1449
01:15:35,400 --> 01:15:38,320
Speaker 1: hopefully they'll turn out to be something special. We've talked

1450
01:15:38,320 --> 01:15:40,280
Speaker 1: a lot about sort of the things that people of

1451
01:15:40,400 --> 01:15:43,200
Speaker 1: goodwill can try to do to fix this situation, your

1452
01:15:43,240 --> 01:15:45,720
Speaker 1: own personal solutions for this situation. And when I look

1453
01:15:45,760 --> 01:15:48,800
Speaker 1: at what we need to do to to fix a

1454
01:15:48,800 --> 01:15:51,000
Speaker 1: lot of the problems in this country. I can't escape

1455
01:15:51,040 --> 01:15:53,960
Speaker 1: from the fact that there are there is a fairly

1456
01:15:53,960 --> 01:15:56,880
Speaker 1: small group of people with an enormous amount of political

1457
01:15:56,920 --> 01:16:00,000
Speaker 1: influence as a result of their wealth, who not only

1458
01:16:00,040 --> 01:16:02,240
Speaker 1: year behind, sort of like you know, when you talk

1459
01:16:02,280 --> 01:16:04,400
Speaker 1: about like the jacking up of the price of insulin,

1460
01:16:04,520 --> 01:16:06,200
Speaker 1: you know, as high as it's gotten, there's a there's

1461
01:16:06,240 --> 01:16:08,599
Speaker 1: a death toll associated with that. When you talk about

1462
01:16:08,840 --> 01:16:11,240
Speaker 1: people who have taken advantage of the current pandemic and

1463
01:16:11,560 --> 01:16:15,320
Speaker 1: monopolized supplies of h or or or you know, gouge

1464
01:16:15,680 --> 01:16:19,160
Speaker 1: medical supplies, there's a death toll associated with that. And

1465
01:16:19,640 --> 01:16:22,760
Speaker 1: a lot of people in that sort of group have

1466
01:16:23,120 --> 01:16:25,759
Speaker 1: lobbied and pushed for laws that have made it easier

1467
01:16:25,760 --> 01:16:29,920
Speaker 1: to do what they're doing. And I get I I don't.

1468
01:16:30,040 --> 01:16:33,080
Speaker 1: I think it's risky to talk about punishment in a

1469
01:16:33,080 --> 01:16:34,880
Speaker 1: lot of cases, but I think at the minimum, we

1470
01:16:34,920 --> 01:16:37,800
Speaker 1: need to talk about how do we stop those people

1471
01:16:37,880 --> 01:16:40,120
Speaker 1: from having this kind of influence. And I can't get

1472
01:16:40,120 --> 01:16:44,600
Speaker 1: away from UM a legislative remedy that there need to

1473
01:16:44,640 --> 01:16:48,720
Speaker 1: be changes in how UM money can be used politically

1474
01:16:48,920 --> 01:16:50,880
Speaker 1: and also how it can be gained in the first place,

1475
01:16:51,360 --> 01:16:56,719
Speaker 1: citizens United anciens illegal five dollars or five million dollars,

1476
01:16:56,800 --> 01:16:59,200
Speaker 1: get rid of them, all right, we don't. You know,

1477
01:16:59,600 --> 01:17:02,280
Speaker 1: it's easy to me that I'm still getting emails from

1478
01:17:02,320 --> 01:17:06,400
Speaker 1: every both parties, from political candidates. When that money, instead

1479
01:17:06,439 --> 01:17:09,439
Speaker 1: of that five or twenty go into a candidacy, should

1480
01:17:09,479 --> 01:17:11,880
Speaker 1: be going to help people who are who's sides are

1481
01:17:11,880 --> 01:17:14,760
Speaker 1: turned upside down? Why give them the politicians, give them

1482
01:17:14,800 --> 01:17:17,680
Speaker 1: the people who need it. Yet, left or right, you

1483
01:17:17,720 --> 01:17:21,040
Speaker 1: haven't seen any politicians say, you know what, don't give

1484
01:17:21,080 --> 01:17:23,920
Speaker 1: your money to me, Give your money to somebody who

1485
01:17:23,960 --> 01:17:27,760
Speaker 1: needs it. Not one right, So if you go back

1486
01:17:27,800 --> 01:17:30,280
Speaker 1: to open Secrets and look at the last time I

1487
01:17:30,320 --> 01:17:34,880
Speaker 1: gave money to any political organization or candidate. I gave

1488
01:17:34,920 --> 01:17:38,439
Speaker 1: one to something called Unity O eight back in two

1489
01:17:38,479 --> 01:17:40,040
Speaker 1: thousand and oh eight, where they were going to try

1490
01:17:40,040 --> 01:17:43,000
Speaker 1: to create a new independent party. And I gave money

1491
01:17:43,000 --> 01:17:48,599
Speaker 1: to Zoe Loughran and maybe Maria Cantwell in two thousand.

1492
01:17:49,200 --> 01:17:52,680
Speaker 1: That's it. I make a point of never giving money.

1493
01:17:52,760 --> 01:17:55,320
Speaker 1: When Obama was running and they were like, hey, can

1494
01:17:55,320 --> 01:17:56,880
Speaker 1: you come do this or this, I'm like, I'm not

1495
01:17:56,880 --> 01:18:00,639
Speaker 1: giving a penny, not giving a penny, right, because again,

1496
01:18:01,000 --> 01:18:03,639
Speaker 1: either my idea, my ideas stand up on their own

1497
01:18:03,680 --> 01:18:06,400
Speaker 1: merit and you're good and they're good, or you can

1498
01:18:06,439 --> 01:18:08,240
Speaker 1: ignore them. Now, they still might ask me to do

1499
01:18:08,320 --> 01:18:10,680
Speaker 1: something because of the shark chain thing and my visibility

1500
01:18:10,720 --> 01:18:13,280
Speaker 1: and all that, but you're not gonna get a nick

1501
01:18:13,360 --> 01:18:16,479
Speaker 1: uata by. And I think money is the root of

1502
01:18:16,520 --> 01:18:19,680
Speaker 1: all evil when it comes to politics. Yeah, Um, we

1503
01:18:19,760 --> 01:18:23,839
Speaker 1: gotta wrap this up, uh and get this to our editor. Um,

1504
01:18:23,880 --> 01:18:26,120
Speaker 1: but I know Cody, since he has his audio back

1505
01:18:26,560 --> 01:18:30,599
Speaker 1: question he wants to get Yeah, I just wanted real quick. Um.

1506
01:18:30,680 --> 01:18:33,480
Speaker 1: So kind of circling back to what we were talking about,

1507
01:18:33,520 --> 01:18:36,160
Speaker 1: this this crisis is sort of equalizing a lot of

1508
01:18:36,160 --> 01:18:40,360
Speaker 1: things and creating a lot of empathy between people, and uh,

1509
01:18:40,439 --> 01:18:43,120
Speaker 1: you talked about fear and how that is very common

1510
01:18:43,600 --> 01:18:46,719
Speaker 1: with everybody, whether it's for your loved ones or for

1511
01:18:46,920 --> 01:18:49,439
Speaker 1: what's gonna happen to the economy and everything. Um. We

1512
01:18:49,520 --> 01:18:52,639
Speaker 1: also we just did on some More News a recent

1513
01:18:52,680 --> 01:18:56,439
Speaker 1: episode about sort of how a lot of the rich

1514
01:18:56,560 --> 01:18:59,400
Speaker 1: in the country are dealing with the situation and they're

1515
01:18:59,439 --> 01:19:01,559
Speaker 1: sort of a billy to kind of like funck off

1516
01:19:01,600 --> 01:19:04,880
Speaker 1: if they want to, um, taking private jets somewhere and

1517
01:19:04,920 --> 01:19:07,280
Speaker 1: just sort of living that life. So like the fear

1518
01:19:07,520 --> 01:19:09,960
Speaker 1: feels very different in a lot of the way people

1519
01:19:10,000 --> 01:19:12,080
Speaker 1: are handling it. UM. In a recent interview with Yahoo,

1520
01:19:12,160 --> 01:19:14,519
Speaker 1: you were asked about the the n b A and

1521
01:19:14,640 --> 01:19:17,639
Speaker 1: like the wealthy in general seeming to get coronavirus tests

1522
01:19:17,680 --> 01:19:21,160
Speaker 1: with great ease above the less fortunate. UM. For example,

1523
01:19:21,880 --> 01:19:25,519
Speaker 1: the Brooklyn Nets arranged for their entire roster to be tested. UM.

1524
01:19:25,600 --> 01:19:27,479
Speaker 1: You said you didn't really know anything about that, and

1525
01:19:27,560 --> 01:19:30,400
Speaker 1: that your team and people simply follow the process that's

1526
01:19:30,400 --> 01:19:33,519
Speaker 1: in place. UM. Could you describe what that process is

1527
01:19:33,600 --> 01:19:36,320
Speaker 1: and do you think it's the same process everyone else

1528
01:19:36,400 --> 01:19:39,920
Speaker 1: goes through. No, of course, not right. I mean, I'm

1529
01:19:39,920 --> 01:19:42,200
Speaker 1: not trying to protect anybody. You know, the process was,

1530
01:19:42,240 --> 01:19:45,479
Speaker 1: Are you showing symptoms. If you're showing symptoms, report them

1531
01:19:45,479 --> 01:19:47,600
Speaker 1: to the n b A, and we'll deal with the

1532
01:19:47,640 --> 01:19:50,320
Speaker 1: doctor to help get you tested. The only way, the

1533
01:19:50,320 --> 01:19:52,960
Speaker 1: only thing I'd say to justify that, And I get

1534
01:19:53,000 --> 01:19:56,400
Speaker 1: your point that you know, if I showed symptoms, chances

1535
01:19:56,439 --> 01:19:58,479
Speaker 1: are doctors would come running to me and do whatever

1536
01:19:58,520 --> 01:20:00,639
Speaker 1: I wanted. I mean, you, if you you don't have symptoms,

1537
01:20:00,640 --> 01:20:02,599
Speaker 1: you could probably call someone right now and get a test, right.

1538
01:20:02,920 --> 01:20:04,599
Speaker 1: I have no doubt that I could because people will

1539
01:20:04,640 --> 01:20:08,639
Speaker 1: kiss my ask no doubt about it. Right. The one

1540
01:20:08,680 --> 01:20:12,000
Speaker 1: thing I will say in defense of the NBA, when

1541
01:20:12,000 --> 01:20:16,479
Speaker 1: your celebrity and you're very visible, people walk up to

1542
01:20:16,520 --> 01:20:19,760
Speaker 1: you and they put care behind right. They don't care

1543
01:20:20,040 --> 01:20:21,880
Speaker 1: to walk up to you and hug you, to walk

1544
01:20:21,960 --> 01:20:24,240
Speaker 1: up to you and you know, shake your hand. I

1545
01:20:24,280 --> 01:20:26,840
Speaker 1: mean my wife and I were taking a walk and

1546
01:20:26,960 --> 01:20:29,519
Speaker 1: people had to catch themselves to not walk up and

1547
01:20:29,560 --> 01:20:33,280
Speaker 1: say something. You know. Social distancing is much harder in

1548
01:20:33,360 --> 01:20:36,799
Speaker 1: those search of circumstances, and people have much greater access

1549
01:20:36,800 --> 01:20:39,680
Speaker 1: to you typically. Now, remember those tests were done early on.

1550
01:20:39,760 --> 01:20:44,240
Speaker 1: We're talking, aren't eleven, right, when on one hand they

1551
01:20:44,240 --> 01:20:46,479
Speaker 1: were harder to come by, which makes it a little

1552
01:20:46,479 --> 01:20:49,680
Speaker 1: bit more questionable. But on the other hand, people there

1553
01:20:49,720 --> 01:20:52,679
Speaker 1: weren't the quarantines in place, and people were less awhere

1554
01:20:52,920 --> 01:20:55,840
Speaker 1: and less likely to follow social distancing. So there is

1555
01:20:55,880 --> 01:20:58,759
Speaker 1: no moment to be made that that's why they got them.

1556
01:20:58,760 --> 01:21:03,639
Speaker 1: Like generically across the board, it's wrong, right, There's because

1557
01:21:03,680 --> 01:21:06,240
Speaker 1: the reality is from a social health of a public

1558
01:21:06,280 --> 01:21:10,360
Speaker 1: health perspective, people in the least in the worst economic

1559
01:21:10,400 --> 01:21:13,639
Speaker 1: condition are going to be more crowded and more likely

1560
01:21:13,680 --> 01:21:16,120
Speaker 1: to have to go outdoors to try to just you know,

1561
01:21:16,160 --> 01:21:19,040
Speaker 1: stay alive, and more likely to get affected, and more

1562
01:21:19,080 --> 01:21:22,000
Speaker 1: likely to be a spreader. And you're not gonna see

1563
01:21:22,000 --> 01:21:24,840
Speaker 1: me or anybody else trying to take tests away from anybody,

1564
01:21:24,920 --> 01:21:26,960
Speaker 1: but you will see me and a lot of other people,

1565
01:21:27,680 --> 01:21:30,479
Speaker 1: and you guys among them, everybody saying we need more tests,

1566
01:21:30,640 --> 01:21:32,640
Speaker 1: and we need to get more people testing. And I

1567
01:21:32,680 --> 01:21:36,360
Speaker 1: will say, I mean, yeah, it's a dicey situation. You're right,

1568
01:21:36,360 --> 01:21:38,880
Speaker 1: there are less tests available and and there's obviously an

1569
01:21:38,920 --> 01:21:41,920
Speaker 1: element of privilege, and they're invisible getting these tests. But

1570
01:21:42,439 --> 01:21:46,360
Speaker 1: the NBA making the decision to suspend the season because

1571
01:21:46,439 --> 01:21:50,559
Speaker 1: players have been testing positive for coronavirus is what made

1572
01:21:50,560 --> 01:21:54,240
Speaker 1: this a reality for people. That is what sparked everybody

1573
01:21:54,240 --> 01:21:57,200
Speaker 1: to say, well, fuck, I gotta stay home. You know,

1574
01:21:57,640 --> 01:22:02,080
Speaker 1: not everybody scared. Everybody that and Tom and Tom Hans,

1575
01:22:02,080 --> 01:22:06,280
Speaker 1: But I would argue that the n B a a

1576
01:22:06,320 --> 01:22:08,479
Speaker 1: little bit closer to home for a lot of you. Definitely,

1577
01:22:08,680 --> 01:22:11,280
Speaker 1: m becomes real, but it is, but it is, it is.

1578
01:22:11,320 --> 01:22:14,600
Speaker 1: You're right, it's it's it's tough, but it's a tough situation.

1579
01:22:15,000 --> 01:22:18,000
Speaker 1: Um um, yeah, so we did. Uh, we did already

1580
01:22:18,000 --> 01:22:21,720
Speaker 1: cover my last question about Epstein. Um so, I guess

1581
01:22:21,760 --> 01:22:27,719
Speaker 1: my final final question is, uh, can I have some money?

1582
01:22:30,960 --> 01:22:40,559
Speaker 1: Give him a proposal? Oh gotta pay for better internet

1583
01:22:40,600 --> 01:22:45,160
Speaker 1: over there. Thank you so much for taking time out

1584
01:22:45,160 --> 01:22:46,880
Speaker 1: of your day to speak to this. This was really

1585
01:22:46,920 --> 01:22:50,880
Speaker 1: really interesting. Yeah, thank you, guys. I enjoyed it. I learned,

1586
01:22:51,280 --> 01:22:54,439
Speaker 1: and that that's what I always look for. Good luck guys,

1587
01:22:54,439 --> 01:22:58,000
Speaker 1: I know you know your businesses. Just hoping I heart

1588
01:22:58,080 --> 01:23:01,800
Speaker 1: keeps rolling right, yeah, very yeah, you know. Yeah, we're

1589
01:23:01,800 --> 01:23:05,000
Speaker 1: doing okay right now, and it's nice to have this

1590
01:23:05,080 --> 01:23:07,360
Speaker 1: connection with with people and to be able to be

1591
01:23:07,400 --> 01:23:09,760
Speaker 1: doing what we feel is important work. Are you guys

1592
01:23:09,920 --> 01:23:14,479
Speaker 1: applied for the small the Payroll Protection Program loan? Yes,

1593
01:23:14,600 --> 01:23:16,519
Speaker 1: don't look into it and do it right. So let

1594
01:23:16,520 --> 01:23:19,439
Speaker 1: me tell you. Are we still rolling? Yeah? Yeah, yeah,

1595
01:23:19,520 --> 01:23:22,599
Speaker 1: but we don't have debate. Yeah yeah, but do the

1596
01:23:22,640 --> 01:23:26,040
Speaker 1: math right. If there's three fifty billion dollars allocated, and

1597
01:23:26,120 --> 01:23:28,519
Speaker 1: let's just say there's a million small businesses that want

1598
01:23:28,520 --> 01:23:32,760
Speaker 1: three or more, the money's gone. Yeah, and they'll there'll

1599
01:23:32,760 --> 01:23:35,760
Speaker 1: be other allocations. I'm sure that right, because they have

1600
01:23:35,840 --> 01:23:39,200
Speaker 1: their choice, but be first in line. And if you

1601
01:23:39,439 --> 01:23:43,280
Speaker 1: are contractors, are no other contractors that are freelancers, you're

1602
01:23:43,320 --> 01:23:48,599
Speaker 1: eligible to apply. Apply. Yeah. My X runs an appliance

1603
01:23:48,680 --> 01:23:51,000
Speaker 1: repair business in Dallas, and I'm giving her the same advice,

1604
01:23:51,040 --> 01:23:53,640
Speaker 1: like get in there and do it, like yeah, hell yes,

1605
01:23:53,760 --> 01:23:56,760
Speaker 1: do not pass, go, do not collect two, go right

1606
01:23:56,840 --> 01:23:59,400
Speaker 1: to the p p P programs. They're not they're not

1607
01:23:59,400 --> 01:24:01,320
Speaker 1: going to start. I was really hoping that I could

1608
01:24:01,360 --> 01:24:04,679
Speaker 1: push banks to start taking applications earlier, because the difference

1609
01:24:04,720 --> 01:24:07,080
Speaker 1: between this and traditional s b A is that the

1610
01:24:07,120 --> 01:24:09,679
Speaker 1: banks will do all the approvals as opposed to waiting

1611
01:24:09,680 --> 01:24:11,840
Speaker 1: for the SBA to approve it. And so I was

1612
01:24:11,880 --> 01:24:14,360
Speaker 1: hoping banks would step up and be a lot quicker,

1613
01:24:14,840 --> 01:24:17,960
Speaker 1: but um, they weren't. So it looks like Friday will

1614
01:24:17,960 --> 01:24:20,640
Speaker 1: be the day. And for you guys, for who you

1615
01:24:20,680 --> 01:24:22,519
Speaker 1: are and what you want to get out there, you

1616
01:24:22,560 --> 01:24:25,439
Speaker 1: need to be pushing banks because three weeks or two

1617
01:24:25,439 --> 01:24:30,799
Speaker 1: weeks for that is too long. People are going to starve.

1618
01:24:31,400 --> 01:24:34,320
Speaker 1: And so whatever bank you deal with, Like I pushed

1619
01:24:34,479 --> 01:24:37,280
Speaker 1: a couple of small Oklahoma banks and other little banks

1620
01:24:37,640 --> 01:24:42,280
Speaker 1: wherever people have bank accounts now and they they already

1621
01:24:42,280 --> 01:24:46,160
Speaker 1: direct deposit or um direct debit for their tax payments

1622
01:24:46,280 --> 01:24:49,920
Speaker 1: or got refunds from taxes, um, have them go to

1623
01:24:49,960 --> 01:24:51,920
Speaker 1: the bank and really put pressure on those banks to

1624
01:24:51,960 --> 01:24:55,760
Speaker 1: give them overdraft protection over then and doesn't cost them

1625
01:24:55,800 --> 01:24:58,160
Speaker 1: a lot, but those banks know that they're going to

1626
01:24:58,200 --> 01:25:02,400
Speaker 1: get to check and two to three weeks. Let's encourage

1627
01:25:02,479 --> 01:25:04,760
Speaker 1: anybody you know that listens to you or followed you

1628
01:25:05,040 --> 01:25:07,040
Speaker 1: to talk to their bank to try to encourage them.

1629
01:25:07,120 --> 01:25:09,559
Speaker 1: You guys, encourage the banks that you work with to

1630
01:25:09,640 --> 01:25:15,160
Speaker 1: try to give overdraft protection to people now, because that

1631
01:25:15,600 --> 01:25:18,599
Speaker 1: does make me really curious, Like one of the things

1632
01:25:18,920 --> 01:25:20,920
Speaker 1: you pointed out, like that tw is not going to

1633
01:25:21,000 --> 01:25:22,640
Speaker 1: come in time for a lot of people. Rent is

1634
01:25:22,720 --> 01:25:24,920
Speaker 1: do now and a lot of folks just missed a

1635
01:25:24,960 --> 01:25:28,439
Speaker 1: paycheck or more than one paycheck, and there's talk of

1636
01:25:28,439 --> 01:25:30,720
Speaker 1: a rent strike going on right now. People saying like

1637
01:25:30,760 --> 01:25:32,559
Speaker 1: if there's no assistance, how do you feel? What do

1638
01:25:32,560 --> 01:25:34,360
Speaker 1: you feel about a rent strike? Like what is your

1639
01:25:35,040 --> 01:25:38,120
Speaker 1: you have solution for the problem right twelve? If you

1640
01:25:38,200 --> 01:25:42,160
Speaker 1: if you're paying more than you're right, you're in a

1641
01:25:42,200 --> 01:25:48,120
Speaker 1: different set of circumstances. But um, if it's just about execution,

1642
01:25:48,200 --> 01:25:53,960
Speaker 1: so where's burning where's burning right, where's Elizabeth? Where's every

1643
01:25:54,040 --> 01:25:59,080
Speaker 1: liberal progressive politician in office? And why aren't they pushing

1644
01:25:59,240 --> 01:26:02,840
Speaker 1: for this to get done yesterday? Why isn't that direct

1645
01:26:02,840 --> 01:26:05,880
Speaker 1: deposit already in people's accounts? Why haven't they worked out

1646
01:26:05,880 --> 01:26:07,640
Speaker 1: to deal with Western Union for them to pick up

1647
01:26:07,680 --> 01:26:10,519
Speaker 1: the cash and deal with Western Union to pay them

1648
01:26:10,520 --> 01:26:15,080
Speaker 1: back directly? Where is everybody saying anything? Well? You know,

1649
01:26:15,160 --> 01:26:18,400
Speaker 1: I I but I also feel like that releases a

1650
01:26:18,400 --> 01:26:20,960
Speaker 1: lot of kind of the onus on the folks who

1651
01:26:21,240 --> 01:26:23,360
Speaker 1: number one fought to like reduce what that kind of

1652
01:26:23,400 --> 01:26:26,760
Speaker 1: directs cash stimulus would be and have kind of worked

1653
01:26:26,760 --> 01:26:29,519
Speaker 1: to add in like means testing and stuff. I'm just

1654
01:26:29,560 --> 01:26:31,679
Speaker 1: saying the people that you would expect the only reason

1655
01:26:31,760 --> 01:26:33,519
Speaker 1: I name those names, and that's who you expect to

1656
01:26:33,560 --> 01:26:35,800
Speaker 1: be standing up for the little guy. Right. I'm not

1657
01:26:35,880 --> 01:26:39,040
Speaker 1: quick to throw Elizabeth under the bus as people are

1658
01:26:39,040 --> 01:26:41,680
Speaker 1: listeners to this show. No, but I agree, I've been

1659
01:26:42,240 --> 01:26:45,599
Speaker 1: wondering where where, Yeah, I've been the last couple of weeks.

1660
01:26:45,800 --> 01:26:50,160
Speaker 1: I tend to think figure should be focusing on how

1661
01:26:50,200 --> 01:26:52,400
Speaker 1: how can we get everyone's rent paid this month? I

1662
01:26:52,680 --> 01:26:55,639
Speaker 1: think that's look, So don't deal with the symptom deal

1663
01:26:55,640 --> 01:26:58,800
Speaker 1: with the problem, right, people don't have money. Rent is

1664
01:26:58,840 --> 01:27:02,160
Speaker 1: just one symptom. Like the utilities have been instructed not

1665
01:27:02,200 --> 01:27:05,000
Speaker 1: to share off utilities, right, and they haven't, and so

1666
01:27:05,120 --> 01:27:08,000
Speaker 1: people haven't had their lights and gas electricity turned off.

1667
01:27:08,040 --> 01:27:10,559
Speaker 1: That's all great, right. Rents a little different because it's

1668
01:27:10,560 --> 01:27:12,880
Speaker 1: to a private contract or a private company or whatever.

1669
01:27:13,200 --> 01:27:17,040
Speaker 1: But you solve that by offering overdraft protection. So why

1670
01:27:17,160 --> 01:27:20,639
Speaker 1: isn't Elizabeth in and again pick Marco Rubio. Why isn't

1671
01:27:20,640 --> 01:27:24,719
Speaker 1: Marco Rubio analyze the territories going to the banks and saying,

1672
01:27:24,800 --> 01:27:27,880
Speaker 1: offer overdraft protection, will make sure that that amount gets

1673
01:27:27,880 --> 01:27:30,280
Speaker 1: paid to so that people can pay the rent overdraft

1674
01:27:30,320 --> 01:27:35,400
Speaker 1: protection up to for people's rent today. Yeah, I think

1675
01:27:35,400 --> 01:27:40,240
Speaker 1: we know what Marco Rubio isn't. But yeah, within that context, though,

1676
01:27:40,280 --> 01:27:44,280
Speaker 1: if if these politicians left and right, progressive and and

1677
01:27:44,280 --> 01:27:47,599
Speaker 1: and centrist failed to do something like that, and people

1678
01:27:47,600 --> 01:27:49,800
Speaker 1: are in a situation where either they just can't pay

1679
01:27:49,840 --> 01:27:52,599
Speaker 1: rent or they're going to be delaying rent payments and

1680
01:27:52,640 --> 01:27:55,040
Speaker 1: having multiple months of rent stack up where they're not

1681
01:27:55,080 --> 01:27:59,040
Speaker 1: earning income, like the what do you think about people

1682
01:27:59,120 --> 01:28:03,799
Speaker 1: striking paying their rent if there's no action nationally so

1683
01:28:03,800 --> 01:28:06,559
Speaker 1: so now you create a different set of issues. Right now,

1684
01:28:06,560 --> 01:28:09,280
Speaker 1: there's a cascading problem for landlords and all their oblige

1685
01:28:10,080 --> 01:28:13,000
Speaker 1: and not all those people that are landlords are wealthy. Right,

1686
01:28:13,040 --> 01:28:15,800
Speaker 1: it could have been Ramma. Right, So there's a cascading set.

1687
01:28:16,040 --> 01:28:18,439
Speaker 1: But on the other hand, if you look to create

1688
01:28:18,760 --> 01:28:22,080
Speaker 1: a solution that pre empts all that I can't pay

1689
01:28:22,120 --> 01:28:25,960
Speaker 1: for this problems. Right, So, whether it's rent, it could

1690
01:28:26,000 --> 01:28:28,800
Speaker 1: be any number of different things. Your car payment, it

1691
01:28:28,840 --> 01:28:32,400
Speaker 1: could be you know anything. You know, your cell phone.

1692
01:28:32,439 --> 01:28:34,240
Speaker 1: I can't work without my cell phone because I'm working

1693
01:28:34,240 --> 01:28:37,559
Speaker 1: at home. It could be your broadband whatever it is. Right,

1694
01:28:37,880 --> 01:28:41,519
Speaker 1: if you allow overdraft protection, if only up to the

1695
01:28:42,439 --> 01:28:45,360
Speaker 1: that you already know you're gonna be getting into your account,

1696
01:28:45,920 --> 01:28:48,840
Speaker 1: that allows you to solve the problem the individual to

1697
01:28:48,960 --> 01:28:51,679
Speaker 1: have control over their life to solve the problem they

1698
01:28:51,720 --> 01:28:54,800
Speaker 1: need to solve. While a wrenchment sounds great, that's not

1699
01:28:54,880 --> 01:28:57,639
Speaker 1: everybody's problem. And so while you're helping some people who

1700
01:28:57,640 --> 01:29:00,760
Speaker 1: can't pay their rent, somebody else may have. You know

1701
01:29:01,040 --> 01:29:03,080
Speaker 1: that that may not be a problem. They're living at home,

1702
01:29:03,120 --> 01:29:06,760
Speaker 1: but they can't pay their they can't pay their broadband bill, right,

1703
01:29:06,880 --> 01:29:09,759
Speaker 1: they can't for their cell phone, and that's a different problems.

1704
01:29:09,760 --> 01:29:12,520
Speaker 1: So you need to get to the underpinning of the problem.

1705
01:29:12,560 --> 01:29:14,400
Speaker 1: And I tried to push this before they came out

1706
01:29:14,400 --> 01:29:18,720
Speaker 1: with this bill. Just give everybody overdraft protection, right, go

1707
01:29:18,760 --> 01:29:21,160
Speaker 1: ahead and do the check, write the trans do the

1708
01:29:21,200 --> 01:29:25,600
Speaker 1: transfer up to amount. And it's actually works better for

1709
01:29:25,680 --> 01:29:28,040
Speaker 1: the bank because they don't have to just write in

1710
01:29:28,120 --> 01:29:32,520
Speaker 1: advance to somebody, right, and that money flows down and cascades,

1711
01:29:33,200 --> 01:29:35,880
Speaker 1: and the people who are are most at risk get

1712
01:29:35,880 --> 01:29:39,240
Speaker 1: to use that they deem appropriately. Whereas a rent strike,

1713
01:29:40,000 --> 01:29:43,320
Speaker 1: everybody's screwed and other people people might need to be solved.

1714
01:29:43,320 --> 01:29:45,639
Speaker 1: Now you're dealing with the rent strike and not dealing

1715
01:29:45,640 --> 01:29:47,840
Speaker 1: with the root of the problem. I think we don't

1716
01:29:47,920 --> 01:29:50,960
Speaker 1: agree with you that a rent strike isn't necessarily the solution,

1717
01:29:51,040 --> 01:29:53,280
Speaker 1: and the real solution is a general strike. I think

1718
01:29:53,280 --> 01:29:57,639
Speaker 1: it's what you were going to get at. I don't

1719
01:29:57,640 --> 01:29:59,360
Speaker 1: think that gets us there, but I you know what,

1720
01:29:59,720 --> 01:30:02,240
Speaker 1: what money? Now the time to get more money. I

1721
01:30:02,280 --> 01:30:04,720
Speaker 1: want my money and I want it now right, But

1722
01:30:05,000 --> 01:30:08,200
Speaker 1: you've gotta you gotta reduce the friction. So it's the

1723
01:30:08,320 --> 01:30:12,720
Speaker 1: coppers are open, the government treasury is open. We can

1724
01:30:12,800 --> 01:30:14,599
Speaker 1: argue it should be open to everybody, but it pretty

1725
01:30:14,680 --> 01:30:18,040
Speaker 1: much is right. We're spending brillion. Your only condition right

1726
01:30:18,080 --> 01:30:22,160
Speaker 1: now should be reduced friction. Reduced friction, getting it from

1727
01:30:22,200 --> 01:30:25,200
Speaker 1: the people, the treasury, the people who needed the most,

1728
01:30:25,400 --> 01:30:27,479
Speaker 1: and when you lift up the bottom. This is the

1729
01:30:27,520 --> 01:30:31,439
Speaker 1: one example where triple off economics will work. Great. But

1730
01:30:31,560 --> 01:30:33,559
Speaker 1: what we haven't heard from the people that we need

1731
01:30:33,600 --> 01:30:36,439
Speaker 1: to hear it from right or left, center, whatever, if

1732
01:30:36,640 --> 01:30:41,080
Speaker 1: we need to execute on reducing that friction. Nobody's saying, damn,

1733
01:30:41,120 --> 01:30:48,160
Speaker 1: were yeah, okay, we really now it's a quick turnaround

1734
01:30:48,160 --> 01:30:50,400
Speaker 1: for us. But you are you are wonderful. We really

1735
01:30:50,680 --> 01:30:53,840
Speaker 1: really You've been very generous with your Thank you so much.

1736
01:30:54,840 --> 01:30:57,439
Speaker 1: That was great. Um. You can follow Mark on Twitter

1737
01:30:57,640 --> 01:31:00,559
Speaker 1: at m cuban and you can follow us on Twitter,

1738
01:31:00,600 --> 01:31:03,960
Speaker 1: Instagram at Worst your Pod. You can follow Katie at

1739
01:31:04,040 --> 01:31:06,360
Speaker 1: Katie's Stole on Instagram and Twitter. You can follow Cody

1740
01:31:06,360 --> 01:31:08,320
Speaker 1: at dr Mr Cody on Instagram and Twitter. You can

1741
01:31:08,360 --> 01:31:10,920
Speaker 1: follow Robert on Twitter at I Right. Okay, we have

1742
01:31:10,920 --> 01:31:17,320
Speaker 1: a t public store and wash your hands everything everything,

1743
01:31:17,600 --> 01:31:24,760
Speaker 1: So dum man, it's again, I tried. Daniel. Worst Year

1744
01:31:24,800 --> 01:31:27,080
Speaker 1: Ever is a production of I Heart Radio. For more

1745
01:31:27,120 --> 01:31:29,920
Speaker 1: podcasts from my heart Radio, visit the i heart Radio app,

1746
01:31:30,040 --> 01:31:32,960
Speaker 1: Apple podcasts, or wherever you listen to your favorite shows.