#390 — Final Thoughts on the 2024 Presidential Election
Episode Stats
Length
1 hour and 13 minutes
Words per Minute
181.86426
Summary
Mark Cuban is a very well-known entrepreneur and investor. He s also known for his role on the television series Shark Tank and his ownership of the Dallas Mavericks. And as you ll hear, Mark has been an outspoken supporter of the Marshawn "Marsha" Harris campaign. In this episode, we give a closing argument in favor of Marsha and her opponent, Donald Trump. We talk about the strengths and weaknesses of the campaign, the influence of Elon Musk, and why billionaires and other billionaires are voting for Trump. And we discuss the real reason why they do so, and how they rationalize their support for him. And, of course, we talk about why they vote for him, and what it means for them to vote for a candidate like Marsha. And, as always, thanks for listening to the Making Sense Podcast! Make sense? Mark Cuban: Founder of Shark Tank CEO of The Dallas Mavericks Director of the Dalles Mavericks Producer Entrepreneur Investor Consultant President Chief Strategist Executive Director Businessman Speaker Political Strategist ( ) Author Social Media Guy What does he think about Marsha's chances of defeating Donald Trump in the 2020 election Is he a registered independent Does he support Marsha or oppose Donald Trump or is he actually an independent? What do you think of the Donald Trump s economic policies Why do you vote for Marsha, or does he support him or don t vote for her How do you have a problem with him or do he think he s an independent of any other candidate? ? Do you think Marsha is an independent or a conservative or a liberal or a moderate? ... Or does he have a point of view on what he s actually vote for the candidate he thinks he s a republican or a socialist or a progressive? Do he think that he s not an independent, or doesn t have a strong enough to be an independent ? What s he vote for Hillary or a guy who s not a republican, or he s he s got any other than that? or a right or a machine that s a socialist? And so much more? If you re an independent in any way, do you don t have an answer to the question and what does he really think about that?
Transcript
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welcome to the making sense podcast this is sam harris okay what was the final stretch
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before the 2024 presidential election i might have a few more thoughts to express on this topic
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over on substack in the coming days but this will be the last podcast i drop before the vote on
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tuesday earlier this week i did a debate with ben shapiro for barry weiss's honestly podcast
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you can find that on youtube and over at honestly and today i'm speaking with mark cuban
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mark is a very well-known entrepreneur and investor he's also known for his role on the television
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series shark tank and his ownership of the dallas mavericks and as you'll hear he's been an outspoken
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supporter of the harris campaign and today we give something like a closing argument in favor of
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harris of course much of this amounts to expressing our concerns about trump and a second trump term
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we talk about trump's ethics his bewildering indestructibility as a candidate election
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denialism the influence of elon musk the strengths and weaknesses of the harris campaign the mystery
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of the southern border trump's immigration and deportation policy elon's delusional endorsement
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of the great replacement theory trump's economic policy harris's tax and health care proposals
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the effect of tariffs the u.s supply chain the problem of wealth inequality the notion of taxing
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unrealized capital gains support for israel a much-needed return to normal politics
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and other topics no paywall for this one and now i bring you mark cuban
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i am here with mark cuban mark thanks for joining me thanks for having me on sam so um i think this
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could be a short conversation we're now speaking six days before the election and i know you have
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been making the rounds on various channels in support of the harris campaign are you a formal
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surrogate of the campaign at this point i mean i i don't have any formal relationship with them but
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you know where they ask me to show up if it's convenient for me and i think it's valuable then
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i do it yeah yeah well i feel you've been very effective in that role and i'd like to press you
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into service for another um hour here because um i mean i think there's something to say if there's
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anything left to say that could be useful uh i think we should try to say it here and sure i think
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you have a capacity to reach people in your cohort i mean there's not that many people perhaps in your
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exact cohort but i'm just thinking of your standing in the business community and you know that you
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are surrounded by people it appears in silicon valley and and elsewhere where who if they have
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some misgivings about trump they have nonetheless rationalized their support for him for a few reasons
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and i think the reasons are generally misinterpreted on the democratic side i mean there are many people
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i would think the standard answer in democratic circles to the question of why people like elon musk
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and david sacks and other billionaires and quasi billionaires are voting for trump the answer is well
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they want lower taxes they want less regulation these are entirely self-serving avaricious decisions
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on the part of extraordinarily wealthy people who have no moral scruples and i just i happen to know
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that's not true i mean i know i mean yeah i agree with you it's not even close to true yeah so i
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mean you know the marginal value of any delta in taxes is not going to change their lives right and
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they're not so um vapid that they think that you know that's their focus it's just not the case
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yeah i mean the one footnote i would add to that is i think people like you i mean elon
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specifically and and other people like him do worry about regulation and i know elon wants to
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get to mars and he's worried that all things considered the left might regulate that project
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more than the right and i think the people are some people are worried about ai regulation although
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elon is on the side of the regulators there so the real reason and i i noticed i know this to be true
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for both these guys because they've they've said a lot on this topic is that there are a few specific
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social issues that have radicalized them specifically immigration and what elon often refers to as the
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woke mind virus right i mean this is really what has exercised them and they've exercised many of us as
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well who are supporting harris so i want to keep those semi uh grotesque objects in view as we track
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through this but to start how how would you describe your politics independent i look at each
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issue individually i haven't given to a candidate or pack or anything else for that matter since 2002
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so i i just look at each issue and i said okay what do i think is best for the country what you do i
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think will best reflect that and if i don't think there's a clear-cut choice i'll vote for the candidate
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who does the least and so you're you're actually a registered independent no i'm not i mean in texas
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you don't have to register as an independent so i'm just not a democrat or republican right right
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and in your view what is the shortest way of making the case against trump he's unethical he's not bright
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um he can be easily bought he's very transactional he doesn't understand his own policies and he makes
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no effort to learn that's in a nutshell and how you know him to some degree how well do you know him
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i mean we're not best friends but over 25 years you know we've talked a couple dozen times
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you know i've been around him a couple times you know we've sparred a lot on twitter at various times
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so i mean i wouldn't say we're acquaintances we're not going to say hey what are you doing today
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but we have enough of a relationship where it didn't surprise me when he got elected that he
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called me and you know and asked for help and then did you give him help at that course yeah
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yeah for sure i mean i'm an american first and you know it pertained to health care some questions
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there that never really went anywhere and then when the pandemic hit i helped him and peter navarro
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source ppe equipment there there's um a mass manufacturer the only domestic mass manufacturer just
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outside of fort worth and so i worked with them and helped them grow and help get them prepared
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to be able to amp up their manufacturing capabilities and when you say he's unethical and
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unintelligent how are you getting that impression of him i'm gonna ask this well just just go through
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the list i mean trump university trump soho trump foundation you know michael cohen when he testified
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in the stormy daniels hearings in new york he came out and said you know what mr trump told me to
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short pay vendors and every other business person on the planet when he had his little impromptu press
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conference at the end of the day would say no i would never do that he didn't it didn't even cross
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his mind to deny it you know and then you know here we just had a little audio problem coming into
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this you know a couple weeks ago in michigan the audio cut out for 17 minutes and the minute was
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turned back on it wasn't you know hey let's hear for the audio guy let's you know give him a hand
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i'm glad we could turn it around it was you know i wouldn't pay him and then it was like i would sue
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him he has no concern for hard-working americans at all the list of companies that he's ripped off the
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list of people he's ripped off is long and to me that's the definition of unethical i mean if somebody
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short paid me as a business i wouldn't ever do business with that person again and if anybody
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ever accused me of short paying another business i would be so vocal in denying it because it's not
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something i would ever do to him that's just another day at the office and to me that's as unethical as
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you can get then how do you explain the fact that so many people are disposed to grade him on a curve
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right i mean the people like the people we've named like elon and david sacks but really this is
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just a widespread cultural phenomenon that trump seems to function by different reputational physics
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and this is something that he actually remarked on himself and i think it was in 2016 it was two weeks
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before the iowa caucuses where he said you know i could stand in the middle of fifth avenue and shoot
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someone and not lose a single voter that was him marveling at the fact that he he at the time was
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perceived and this is fairly early in his career as a politician he he perceived that he was politically
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indestructible and i mean this is so we've lived with this this phenomenon now for nearly a decade where
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we see trump commit indiscretion after indiscretion of you know every conceivable size and some you know
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many of which are completely pointless many some of which serve his political ends and any one of
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which at a glance you can see would have ended the career of a normal politician what why is it that
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nothing sticks to him i saw a video from chris cuamo and i think he nailed it he said that there's you
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know almost half the country that feels like they've been wronged in some manner by the country whether
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it's the elites whether it's dei like we alluded to whatever it may be and the only counter to
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that issue is a virus and he is the virus and that's a positive all these indiscretions all these
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negatives all these personal failings of his that just you know makes him somebody wants to i did a
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podcast and the guy was like he's a gangster that's why we love him he's the guy that's going to take on
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the incumbents and just turn it upside down and i remember um back when he first ran i was like i
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know this guy how can you support him and my friend dan said look mark i've been voting for politicians
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my entire life you know what they got me nothing you know where they got me nowhere that's why i'm
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voting for trump and if you think of him as a virus that just you know infiltrates you know or
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or suggest he's going to infiltrate all the things that are causing particularly young men to not get
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jobs to not be where they are to not have the vision or be able to achieve what they want to
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achieve it makes perfect sense but how does that account for someone like and i mean i watched you
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on the all in podcast and i know i'm you know jason is a friend i don't know the other guys but you
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know i've met david and i'm just trying to understand i mean do you have a theory of mind about
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someone like david where obviously he's a lawyer right i mean he's he's a bright guy yeah how is it
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that the spectacle of a sitting president not committing to a peaceful transfer of power i mean
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really at multiple opportunities he refused to commit to a peaceful transfer of power and then i
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remember we didn't have a peaceful transfer of power i mean so i'm still not conceded yeah yeah and
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he still has not conceded that he lost that election and his denial of that his endorsement of this
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big lie stands as a continuous provocation to violence and division in our country i mean it's
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he's telling half the country he's been telling them this now for years that their democracy has
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been stolen from them by an illegitimate president and in his communication with his base this is not
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received as mere hyperbole this is a statement of fact he won the election and it was stolen from him
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and you don't have a democracy anymore i really have no theory of mind around how someone like david
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and there obviously there are many many people like david justifies that or averts their eyes from it so
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as to still endorse this man i mean my only theory is when it was trump versus biden you can make the
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argument about you know biden's cognitive abilities etc and they went all in on trump hey my guy can think
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my guy can do this you know true or not they they justified it to themselves and then when kamala
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came along they were already all in so that that's part one i think you know i they're not going to just
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change their minds and and look bad and i think that has a lot to do with it but i think the greater
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silicon valley ethos now you mentioned dei you mentioned immigration but i also think that there's a
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feeling that truly among among the musts and the teals that they can manipulate trump he's a
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technical ignorant ignoramus i mean he doesn't he's never sent an email and he does obviously he does
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that to protect himself legally but you know if you have no technical ability whatsoever i mean he calls
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ai the ai and when he talks about it he only references the fact that it consumes more electricity
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more power he has no inkling what it is at all you know if you listened at all to the the donald trump
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elon musk spaces that they did on x there was nothing of substance from donald trump and you
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could see elon trying to drag him to at least come to some positive conclusions that made sense
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and he couldn't do it and so the only conclusion i can make is that he is so incapable of understanding
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those things if they're able to develop the trust or buy his trust in a transactional manner
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like elon has he'll do what they say and if elon wants to take over nasa here you are elon here are
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the keys to nasa along with the budget that's that's enticing to silicon valley and if they want to
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change the immigration laws okay you do what you need to do elon you you know how i feel about
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immigration and mass deportations go for it you want to change you know what happens in schools and
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you know you have you know you feel a certain way about dei go for it i mean that is seductive
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for those people who can gain you know gain control of what trump is going to do even if that accounts
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for you know the elons and peter teals of the world obviously there are many many millions of people
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but there's also the call to personality behind them you know whatever they do you're going to get
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david sachs and others to follow right behind because they want to be part of it they might not know
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exactly what they're going to be part of but their rationale is hey i'm an i'm an elon acolyte i
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you know i believe in him he's the world's greatest entrepreneur ever you know ignore the fact that he's
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also the world's biggest troll on the you know on a platform designed for trolls but you know i'm team
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elon and once you're you know it's like him going around campaigning in pennsylvania he's not saying
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anything of substance he's just throwing out nonsense but people scream and yell because you know
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they're team elon well he is saying stuff of substance it just happens to be filled with lies
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i mean he's now denying the election himself and right yeah yeah exactly the point and so you know
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when you look at that you you realize that you know that combined with social media so let's just take
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whatever he says not only on twitter but on every social media platform the algorithms are going to
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reinforce the things that you've already searched out or the things that you've watched and liked
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already and so if you liked a trump video if you liked an elon video you're going to get much much
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much much more more of that and there's going to i mean as much as you know all of us spend online
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scrolling that algorithm customizes that feed for us individually and if you have any allegiance to
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elon if you've shown an interest in trump if you have interest in things that tree out meaning
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you know wow you're interested in you know andrew tate you're interested in football and their
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algorithms think if you're interested in either one of those you're probably going to be a young man
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and you probably are going to be interested in donald trump and that just can i mean that's eight
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hours a day of continuous reinforcement so it's not surprising to me we see these things because
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if you're fed a commercial you know a hundred times 200 times in a day it's going to sink in at some
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point but what do you make of elon's increasingly trump-like behavior and which is to say increasingly
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dysregulated and unethical and unprincipled behavior yeah you mean lying his ass off on twitter
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yeah i mean lying yes but also it runs to everything like you know singling out individual citizens i put
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you know putting them on blast knowing that the consequences are going to be awful in their lives
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because i mean yeah he's called me a racist multiple times called me a turd all this stuff
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yeah i mean he's become the world's biggest troll and he bought a platform to allow himself to do
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that and that's his right but i think the bigger picture and maybe i should have mentioned this
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earlier you know the question is why did elon buy twitter i think initially he saw it as a business
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he was interested in free speech but you know it was it was a true financial interest was in there
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someone i think he figured out very quickly that because twitter is in so many different countries
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and every prime minister or head of state has an interest in what's said on twitter now all of a
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sudden he's one of the most influential if not the most influential non-politicians in the world
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and from that perspective you know i think he's trying to just send the message globally not just here
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in the united states that you know he's in charge this is his world and he's going to say and do
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whatever it takes to increase his status and power yeah i mean there was also just the fact that he
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personally was and is obviously totally addicted to the platform i mean whatever dopamine he's for sure
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getting from it is it's central to his sense of what it is to be alive at this point it appears to
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have deranged him and and uh turned many of his priorities upside down it's hurt his businesses too
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yeah i mean it's just it's been productive in in some way i mean you know he obviously he's the
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richest man on earth or yep or on any given day he is so it's you can't really say it's harmed him
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financially but yeah i mean in terms of what is done to his reputation in half the world it's um
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pretty grim and not to say uh yeah i can speak personally that he's lost some relationships over it
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so you know we i think in the ears of many listeners you and i will have already started
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on the wrong foot here by simply running down trump and not making a positive case for harris
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and as though that were sure necessary right like and i which i'm happy to do yeah i mean i think we
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should do that but i would point out that it actually isn't necessary if you think trump is so bad
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that you would vote for virtually any other human being over him which is really the position i'm in i just
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think he's such an abnormal person psychologically and ethically i mean in terms of the degree to
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which he is interested only in himself and his fame and and wealth that he is he's uniquely
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vulnerable to manipulation by flattery he's just uniquely myopic with respect to his his ethical
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priorities and his you know any priority that can be mapped on to the geopolitical interests of our
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country right i mean so this is something that you know like it may seem like he is a good ally for
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israel say at the moment but you know i think if any enemy of israel would offer him a you know a golf
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course deal somewhere that could bend american policy under his without question he's transactional
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yeah it's just a question of how much yeah so let's talk a bit about harris's campaign and harris as a
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a candidate and as a potential future president i mean i think i mean i'm not at all sheepish about
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talking about the weaknesses as i perceive them in her campaign because they're they're there and
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they're and some of them are glaring i mean the biggest one for me has been that she has not been
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able to speak candidly about her changes of position right on immigration and dei policy and
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anything else that that is driving people right of center berserk she should have been able to
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explain her pivot from 2019 and i think she can do that without saying anything that's politically
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damaging to her campaign but for some reason i mean there's somebody on her team has has drummed it
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into her that under no circumstances can you admit that you've changed your mind about anything when
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you're when you're asked point blank questions of you know on on this date here you said you were
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right in favor of decriminalizing people coming across the border or you were in favor of taxpayer
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funded gender reassignment surgery don't want to get down the list though right there's just that's you
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know it's not to say that she's flip-flopped on everything but i think i think she's dealt with
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it conceptually by saying she's open-minded she's not an ideologue she's not dogmatic but just to put
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it in context i look at it a lot of these things in business terms if i take over a company and i
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effectively have 14 weeks to turn the company around or i lose my job then i've got to go out
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there and find as many customers as i can and that's effectively what happened with kamala harris
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she took over 13 14 weeks ago and the mission wasn't to you know there's not a checklist after you
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lose an election that says but she answered these questions well there is the only you know scoreboard
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is who got more votes or got more electoral college votes and in 14 weeks you've got to have the mission
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to go out there and communicate with as many people as you can that you think you can get to vote for
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you particularly when you're starting from a favorability deficit and an awareness deficit even
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trump said early on nobody knows who she is and so she had to counter that by going on as many
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in a tour and doing as many rallies as she possibly could because speaking in front of crowds at a
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rally really is one of her strengths if you've had the chance to go to one that the energy is great
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she you know she hits topics that people there care about they're screaming they're yelling you know
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it's it's obama ish both obama ish in terms of the response she gets and i think the campaign was
00:23:06.920
right to play to her strengths and so you saw her do you know rallies around the country and you saw
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the results you know she got to a favor a positive favorability rating the awareness went through the
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roof and she caught up she went from being where joe was when she took over to it being at worst a dead
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heat so you know from my perspective you can't really argue with the strategy it's worked now
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you know would it been nice for high information voters to get specific feedback on the things that
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are important to us sure of course but i also think that you know it you don't necessarily get
00:23:43.120
specific get to specific voters when you do a lot of the general interviews i think i think she felt the
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pressure to need to do those things and she did them we can argue whether she was good or
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bad but the reality is when they put together a rally they're putting together not only the
00:24:00.460
faithful but also people who are undecided or potential voters in order to get them to feel
00:24:07.560
you know to drink the kool-aid kool-aid with those around them and so i think it's a more target rich
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environment if you will from a conversion for a voter conversion or getting someone to vote for kamala
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harris so i didn't necessarily have the problem even though i would have liked to like a lot of people
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to geek out on details and not only why she's changed but where she is yeah well it wasn't just
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the absence of detail it was the the optics of her looking evasive when the question was inevitable
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the question was asked no no sir no no question about it i agree with that it's just you know you
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can't win every battle and you're not going to be great at everything and you know you've done
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enough interviews where you've been the interviewee and as if i where you go through a learning
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process of you know how do you interact with interviewers who may not who may be hostile
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you know and i don't think even as a senator she had to go through all that many certainly not
00:25:00.520
as an ag and i think she tries to talk to interviewers more like she's in front of a
00:25:06.380
crowd where she feeds off the energy and tries to gain you know some emotional connection and that
00:25:12.140
you got to learn that just doesn't work and you know i think over the last couple weeks she's gotten
00:25:17.140
far far better and she's done a much better job and you can tell when it you know she knows it's
00:25:22.080
not going to be hostile even if the questions are the same she's more comfortable answering
00:25:26.300
do you think she should go on rogan's podcast no i think that's a waste of time it's a waste of time
00:25:31.960
or it's just too dangerous to do no it's not the danger of it at all because joe rogan's a good
00:25:35.460
interview i don't think it's it's it's a danger and i i think when he says he just wants to get to
00:25:39.720
know her he's honest about that i just think you have you know x number of days left and just going
00:25:45.000
out there and doing an interview where where you know the trump faithful are going to slice and
00:25:49.760
dice the interview any way they choose and that's going to position itself on social media i don't
00:25:54.720
think there's any upside i mean how many people minds are you really going to change by doing the
00:25:59.460
interview versus taking that same time and saying okay i need to make sure i i reach as many people
00:26:05.640
in pennsylvania wisconsin michigan etc georgia north carolina that's time far better spent
00:26:12.960
so perhaps we can fill in some of the the blanks here on a few of these topics how do you view
00:26:21.280
well it really is the the kind of the bewildering fact of the openness of the southern border and
00:26:27.580
the fact that the democrats took so long to recognize i mean forget about the the social problem it
00:26:35.220
may or may not represent and the the ethical issues and and every other thing that people
00:26:40.020
that just causes people to worry about it but just think from a pure the pure position of political
00:26:45.660
pragmatism it is just a gaping political wound i mean for any day during the biden presidency
00:26:53.040
someone could and many did just hold it held up a cell phone and caught you know the the video of
00:27:00.000
thousands of people streaming you said the key words you said the key words the biden presidency
00:27:04.340
yeah which i think is far far far left of kamala harris but how do you explain the fact that this
00:27:10.860
is because it was it was the case i mean this is this is why and i he i think he said as much in in
00:27:16.180
his interview with you someone like david sachs thinks that the democrats getting religion now about
00:27:22.560
the border is not persuasive because for the longest time and certainly during trump's presidency
00:27:28.480
and his campaign he democrats greeted his promise to build the wall as just a sign of racism it was
00:27:38.980
just a pure indiscretion and forsaking of american values as though american values rest on having a
00:27:46.380
completely unpoliced border where you have no idea who's coming into the country yeah look i think that
00:27:52.500
was a mistake of theirs to wait and i think that's a biden mistake but you know if you look at what's
00:27:58.000
happened he signed the executive order which limited the border crossings which has now pushed them down
00:28:03.360
to where they were under trump pre-pandemic and so they've kind of dealt with that and she has said
00:28:09.000
that anybody who crosses since the executive order was signed she will send back and you can't come back
00:28:14.300
for five years and she's also said if you're here in the country illegally and you break the law you know
00:28:20.120
steal something whatever you are being deported and won't ever come back which gets us to dead even
00:28:26.020
except for the question of deportation and i think that is where i've been focused in talking to people
00:28:31.780
and i think she's starting to talk more about it on one hand you have donald trump mass deportation no
00:28:37.660
qualifiers on the other hand you have kamala harris that says okay i've told you you know the people i'm
00:28:43.880
definitely deporting now but there are going to be circumstances where i'm open to a path to
00:28:48.660
residency or citizenship and the foundation for the delta is you know imagine a grandmother who has
00:28:56.400
four american children a grandmother who's here and is undocumented and she's been here 20 years
00:29:03.760
four american children 10 american grandchildren do you knock on her door pull her out of the house and
00:29:10.240
deport her yeah yeah donald trump says yes and if you take that one step further where do you stop
00:29:16.800
and so when i go out and talk to small businesses they're terrified right and it's not so much about
00:29:21.840
their own workers because you have to file this thing called an i-9 which defines the residency status
00:29:27.480
of your employee and you know you get in trouble if you do it and aren't accurate but what we're
00:29:33.480
terrified about is you know someone from steven miller's little group comes and knocks on the door of your
00:29:39.380
warehouse your factory your restaurant and says i want a list of all your i-9 employees with their
00:29:44.140
addresses and phone numbers and then they go start knocking on doors and pulling people out and
00:29:48.280
deporting them and it may sound far-fetched and to some trump supporters when i talk about us they're
00:29:53.680
like oh he'll never do that i'm like you have to believe what he says and then even more what's
00:29:58.920
happening more and more as i've gotten closer to the the border in arizona i'm hearing examples you
00:30:04.540
know one person said that their mother went to the embassy during the trump administration
00:30:09.460
had been here 20 years wanted to get all her papers aligned and they just immediately deported
00:30:13.920
her another gave an example of a 20 year old woman with a who came here to the country when she was
00:30:20.120
six months old with her parents and has an american daughter deported is that who we want to be do we
00:30:26.380
want checkpoints on roads asking for papers do we want you know another elian gonzalez looking set of
00:30:34.080
events where someone's just banging on the door and someone in the police and military equipment are
00:30:39.500
dragging people out of their homes so while you know we can argue about what they did wrong on
00:30:44.900
immigration we are where we are now they've changed those immigration policies and now the big question
00:30:50.900
is deportation what kind of country are you are we and you know i did a little twitter poll and
00:30:58.320
you know 60 of people said okay that we shouldn't deport you know grandma 40 of the people said yes
00:31:05.720
and when you look at donald trump his um madison square garden speech you know day one we're
00:31:11.820
deporting everybody yeah i mean one hopes that the people and i think the the an official poll had that
00:31:18.280
those percentages flipped around or it was something like 60 of americans were in favor of deportation but
00:31:24.020
one hopes that they're not actually doing the moral math and they don't even know what they're
00:31:29.460
supporting and when you actually think about the details that you just described where you have
00:31:34.760
if you can make the case for younger kids i mean there are kids in very likely your kid's school if you're
00:31:43.340
if you have kids in elementary school whose parents who have one or one or both parents are
00:31:49.500
undocumented i mean but the kid is an american citizen right i mean this is just but why are
00:31:55.320
we giving him the benefit of the doubt that's the question because on a probabilistic basis
00:31:59.840
it's definitely greater than zero and i would argue it's greater than 50 and it's not like
00:32:05.340
he's saying stephen miller is not going to be part of his advisory group or cabinet or whatever it may
00:32:10.520
be you know he's his deportations are and stephen miller certainly isn't pulling any punches well
00:32:16.180
this also just speaks to the larger completely corrosive issue of not taking him seriously or
00:32:23.220
taking him seriously but not literally i mean this this idea that you systematically discount every
00:32:28.720
crazy thing he says even while we know because we have the continuous testimony of the people who
00:32:34.240
worked under him you know the 40 of his 44 senior most appointees we know that they had the experience
00:32:41.280
behind closed doors of being asked to do idiotic and immoral and illegal things and the only reason
00:32:46.340
why they that he didn't accomplish those things is because they refused yeah the crazy dichotomy to
00:32:51.220
to me and all this is people who support trump like david sacks are always explaining in a way what he did
00:32:57.800
like january 6th and what he said people who are opposed to kamala harris are always talking about
00:33:05.660
what she did say you know as if she like i think bakari sellers or van jones said she has to be flawless
00:33:11.880
and it's you know it's insane though the way they are treated so differently but we have to take him
00:33:20.640
seriously in what he says he's had nine years to formulate these things you know he's talking about
00:33:26.460
the american enemies act of 1798 this is a man who probably hasn't read a book since see dick run
00:33:33.680
it's not like he was reading and all of a sudden he stumbled across the american enemies act of 1798
00:33:40.060
that had to be presented to him specifically right and for those who aren't aware it says that if
00:33:47.400
there is a country that is defined as an enemy of the usa not only can he deport those who are
00:33:55.100
undocumented and here illegally but he can also deport or intern as we saw with japan and the jap with the
00:34:03.000
japanese people who are here legally well did you see his um i forgot the man's name but the the
00:34:09.220
person who ran ice under trump interviewed on 60 minutes i did not there's a clip of him he's so
00:34:15.320
back to the details we just discussed about you know deporting the the undocumented parents or
00:34:20.860
grandparents of of citizens he was asked well isn't there a way to keep families together i mean
00:34:26.640
this just seems an atrocious thing to do and he said yeah you can keep families together we can just
00:34:31.260
deport all of them yeah yeah i mean is that the country we want to be is it truly i mean you know
00:34:38.480
when you talk about fascism the the analogies are easy at that point yeah i just don't think it is and
00:34:45.100
i don't i think we as a country most americans have a good heart and that's not you know when i talk to
00:34:50.620
people that bring that up to me and i said and i give them the example we just spoke of they're like
00:34:55.320
no he would never do that yeah i mean to a person they say that and it's just it's insane that we
00:35:01.520
are giving him always giving him the benefit of the doubt always explaining away all these things
00:35:06.700
well and just wanting to do that is already disqualifying i mean even if you had a story
00:35:11.820
about why he wouldn't be able to do that the fact that he claims to want to do that it should be enough
00:35:17.880
right yeah he's not writing his own speeches you know somebody is putting this on a teleprompter for
00:35:23.880
him to read he hasn't read the american enemies act of 1798 i'd bet any amount of money and so there
00:35:31.820
is somebody feeding him this and he's taking it and running with it that is not an accident on his
00:35:37.600
part it's not you know like joe biden blurting something out you know yesterday it's him you know
00:35:44.460
specifically and intentionally saying these things and trying to convey it in a manner that
00:35:49.360
all his supporters believe it and take it to heart we need to respond to that and so when we talk about
00:35:55.300
the positives of kamala harris you may not agree what she decide with what she decides to do with
00:36:00.280
deportations but what she's been clear about is that she is going to be transparent and there will
00:36:05.560
be a process and you know there will be a path to residency and or citizenship and if it doesn't
00:36:11.540
include you you may have to leave but at least everybody's going to know what the process is and
00:36:16.040
it'll be transparent and that's all you can ask for so what do you think about this conspiracy theory
00:36:22.340
that elon is trafficking and it's seemingly at every opportunity that the democrats want an open
00:36:28.720
border because they want to get voters yeah they want to fill the swing states with millions of
00:36:34.280
voters who are for some magical reason guaranteed to vote for them even though we see abundant evidence
00:36:40.320
that there's there's a trend toward trump among hispanics and other immigrants but leaving that
00:36:47.300
aside he's talking about millions of people being flown i'm trying to picture them being flown on
00:36:53.120
airplanes millions of them to the swing states and we will never have a fair election again it'll be a
00:36:59.480
single party state until the end of time that's elon's yeah it's obviously ridiculous and you know when
00:37:05.460
you have cult-like followers and you have a platform where you're allowed to say whatever you
00:37:11.640
want and the algorithm you designed amplifies it to as many people as it possibly can i mean it's
00:37:18.620
strategic in some respects it doesn't it's obviously a lie it's obviously not true you know just if i was
00:37:24.720
reading the other day on what are the paths to citizenship because i was curious the fastest path
00:37:28.820
is to serve in the military you can be a resident non-citizen and serve in the military and that'll
00:37:34.580
accelerate your ability to become a citizen in three years beyond that it's going to take you
00:37:39.580
four or five years or more and you still have to apply for it you still have to get approved
00:37:44.440
it's still not easy and so it's obviously a lie and then the other thing that's always interesting to
00:37:49.700
me is the whole springfield ohio thing with the tps program i don't think anybody's ever stated it
00:37:56.280
publicly but again i like to geek out on these details you literally have to pay 572 dollars to apply
00:38:03.460
so if you wanted to go to springfield ohio from haiti it's not like hey here's the plane get on
00:38:09.100
like we're leaving hanoi you know you have to pay 572 dollars and your application has to be approved
00:38:15.320
and then because you're being flown in you also have to pay for the flight so this is not you know
00:38:21.180
people just waiting at the airport waiting for the plane to land and jumping on this is intentional
00:38:26.020
and it costs money and it really is not what elon and others are painting it to be now i've spoken to
00:38:34.780
many trump supporters who have chief among their reasons the expectation that he's going to be much
00:38:42.440
better for the economy i mean leaving questions of taxation aside for the richest people who can
00:38:49.280
point to their the reason why they expect to pay less in taxes there's a general sense that he's going
00:38:55.120
to be better for the middle class he's just going to be better for growth he's going to be better for
00:38:58.360
inflation etc and yet two weeks ago the wall street journal surveyed i think was 50 economists and
00:39:06.220
the results were 68 percent of them thought his policies would be worse for deficits for inflation
00:39:14.300
for interest rates and only 12 percent thought hers would be worse and slightly different percentages
00:39:21.500
favored hers for economic growth for you know growth in gdp sure and yet you point that out and these
00:39:29.040
people who ostensibly care about economics and the middle class so magically i don't even talk you know
00:39:35.100
studies are studies economists are economists i don't think anybody really trusts them or most people
00:39:38.820
don't trust them or understand them and so did you see the post that elon must agreed with i think it
00:39:44.080
was yesterday or the day before where somebody said that the first couple years of trump will
00:39:48.740
probably crash the economy and it's a chance to rebuild the whole economy yeah i did i did i saw
00:39:54.200
rumors of it i didn't see it yeah and then elon agree with it you know that's probably right so
00:39:58.380
here's elon saying that you know trump's policies are going to crash the economy i mean it's again but
00:40:05.860
here's here's what i say so i'm you know when i am out there as a surrogate i'm typically going out
00:40:10.620
there and visiting with small visit business people in swing states and the request i have for the people
00:40:16.360
who put that organized the whole thing is i don't want a room full of democrats that does us no good
00:40:21.360
i want independents republicans and undecideds so i want this to be you know i want him them to challenge
00:40:27.920
me on everything because i want the details to be able to get out and apply it to their own personal
00:40:34.120
corporate interest or personal interest and so the first thing i always do when i'm in that group is
00:40:39.000
i tell them there are 33 million companies in this country of those 99 of them are small so you know
00:40:46.680
round numbers let's just say there's about 31 point something million companies that are small
00:40:52.240
businesses in this country of those the vast majority more than 98 are pass-through companies
00:40:59.120
subchapter s llc sole proprietorships and of those 98 make four hundred thousand dollars or less so for
00:41:09.000
almost every single business in this country your taxes are going to be the same or go down and that
00:41:15.760
always raises eyebrows and then i say look you know from a personal tax perspective there are only four
00:41:21.360
million people in this country that make four hundred thousand dollars or more so you just do the math
00:41:26.540
that means there's 330 million people out of 334 give or take whose taxes are going to stay the same
00:41:33.040
or go down as she said that a hundred the taxes for a hundred million people will go down so for the
00:41:39.560
vast majority and when i say vast i mean literally 29.7 million give or take entrepreneurs and ceos
00:41:47.020
and solo solo entrepreneurs their taxes are staying the same or going down so donald trump is doing
00:41:53.740
nothing nothing for small business or the entrepreneurs that run them does the cutoff fall in the same
00:42:02.520
place if you're just talking about individuals for the country as a whole so if you like the the cut
00:42:08.600
between the one percent and the 99 is that drawn at an income of four hundred thousand a year so i just
00:42:15.320
looked it up and i said okay you know chat gpt and in grok even i said how many people make four hundred
00:42:21.960
thousand dollars or more and i asked them both and the answer was about four million right so all these tax
00:42:28.900
changes that donald trump is hasn't even really suggested yet he just says your taxes are going
00:42:33.500
down he hasn't said what he's going to do um or you know given any details whatsoever but it applies
00:42:39.960
to four million people out of 330 plus million in this country and so he's doing nothing nothing at all for
00:42:47.960
330 million people he he's in fact if he imposes the tariffs that he wants to impose we'll get to those
00:42:54.100
we haven't got to those yet yeah we'll get to those yeah right so the second element when it comes
00:42:59.320
to people's personal household costs and net worth if you will and expenditures is health care
00:43:06.020
donald trump says he has a concept of a plan well the reality is the largest single expense for most
00:43:14.720
households when things go wrong is health care and the second largest expense for businesses whether
00:43:20.020
they're small medium or large is benefits slash health care kamala harris has been very very very
00:43:26.740
specific that she is going to take on the pharmacy middleman also known as pharmacy benefit managers
00:43:33.500
who artificially inflate the price of medications and i know this because i'm in this business and
00:43:39.400
she's also saying that she's introducing transparency from my experiences with costplusdrugs.com i can tell
00:43:46.000
you that the cost of medications the minute this is implemented will drop by 20 percent 30 percent or more
00:43:53.180
and when you talk about inflation health care has been inflating for years and is a big component of that
00:44:00.420
20 plus percent people talk about over the last four years and if you have the opportunity to cut
00:44:06.360
medication costs for households and if she gets any help from congress at all apply the same principles to the
00:44:12.140
rest of health care you're more than going to offset any increased costs in gatorade toilet paper and
00:44:19.000
bacon because you know we've all been in that situation where you know you go to the doctor and
00:44:26.000
you don't know what the outcome is going to be that's scary enough and not knowing if you're going to be able
00:44:31.820
to pay for it because you have a high deductible plan where you have no insurance that's terrifying
00:44:37.940
kamala harris is dealing with that directly i mean think about what happens when you get a
00:44:43.100
prescription sam they say okay you're going to have to take this medications and the second question
00:44:47.380
is not can you afford it or how will you pay for it it's what's your pharmacy and then you've seen
00:44:52.760
or heard all the stories about somebody standing in line and finding out that they can't afford the
00:44:57.260
medication because there is no transparency and that's what it's allowed these pharmacy benefit
00:45:01.760
managers to jack up the price of medications and their affiliated companies to do the same in health
00:45:06.900
care and so when kamala harris says we are going to take on the middleman the pharmacy middleman middleman
00:45:13.560
and introduce transparency that the direct result of that is that your cost for medications will go
00:45:20.140
down quickly and again if you can extend that to health care the fear and the out-of-pocket costs
00:45:27.600
of you know when you get sick will go down dramatically that will more than offset any increase in
00:45:35.520
inflation that we've seen to date during the biden administration and then we can go to tariffs and
00:45:42.560
also inflation has been brought under control right it's not right but not for health care right you
00:45:48.500
know the cost of gatorade won't may only go up 2.5 percent going forward but the cost of health care
00:45:54.680
because it's so opaque as an industry the regulators are slim you know there's been some transparency on the
00:46:01.980
the hospital provider side but not enough to really change behaviors or reduce the overall costs and so she's
00:46:08.880
focused on that donald trump has a concept of a plan now if you want we can get to tariffs yeah i mean as far as i can
00:46:16.300
tell the jury is not out on on the effect of tariffs on an economy generally and all you got to do is look at his first
00:46:23.020
four years they didn't work you know name the one example of where tariffs had a positive impact either on the economy or
00:46:30.140
bringing back manufacturing then what accounts for the fact that
00:46:33.380
sophisticated wait i'm not done ripping them on me yeah hold on there's more there's more so let's look at it from a personal
00:46:39.480
perspective let's say that donald trump god help us wins and this time next year we're looking to make decisions on the
00:46:46.560
christmas presents we're going to buy well people may or may not realize but the sporting goods equipment
00:46:52.260
you buy for presents the knickknacks you buy from the the knickknack shop the dresses the backpacks you
00:46:59.840
name it almost all of them are made in china and when you input when you impose a 60 tariff on all goods
00:47:07.200
imported from china now all of a sudden if you're looking to buy your kid a basketball that price is going up
00:47:13.340
60 percent at least and if it goes up 60 percent at least along with all the other chinese imports
00:47:18.960
then you're going to have to make some hard decisions at christmas because with those increases
00:47:24.820
because of donald trump's tariffs i call them the the grinch that's stealing our christmas you're going
00:47:30.540
to make a lot of hard decisions and you're not going to be able to buy as much and it's not only awful
00:47:35.380
for you and your family and you're disappointing your kids but look at the retailers that you would be
00:47:42.000
buying from that sporting goods store where you've bought mitts and bats and balls for your kids since
00:47:48.240
they were three years old the knickknack store where you buy all your favorite candles the little dress
00:47:53.480
shop owned by the lady that you see at church that's been there for 20 years those are the people who are
00:47:59.380
going to suffer as well and not only that the crazy part is the steps that businesses take when there's
00:48:07.420
even a discussion of tariffs so let's just say across with these across the board tariffs and look
00:48:13.780
there are strategic tariffs that make sense but we're talking about the negatives of across the
00:48:18.540
board tariffs and those across the board tariffs we'll use the basketball example you're a sporting
00:48:24.040
goods retailer and you sell a lot of basketballs and you import them from china now because you know
00:48:29.720
the price is going up 60 percent what are you going to do you're going to either borrow money or you're
00:48:35.120
going to you're going to take money that was designed to use for expansion to hire more and more people
00:48:41.080
to grow the business in one way or the other now you're going to take that and use it to pre-buy
00:48:46.140
inventory from your chinese importer so that you beat the price rush the downstream impact of tariffs is far
00:48:54.920
more than you know just a taxation it is personal it hurts businesses it hurts families and donald trump
00:49:03.420
says well it's a negotiating tactic it gets them you know it brings manufacturers back remember the 33
00:49:10.460
million companies i told you about the number of people who own foreign factories that you know would
00:49:16.380
come back maybe you know five of them are small businesses you know and then there's others like john
00:49:23.620
dear who even don't even have factories overseas but get threatened if they move any if they move jobs or
00:49:29.700
anything to mexico the tariffs are going to go up to 200 and when donald trump tariffs john deere
00:49:35.580
equipment 200 that literally makes the chinese companies that import chinese products cheaper
00:49:43.100
than john deere giving them an advantage and i can just go on with example after example after example
00:49:49.320
and then you know how people always say well kamala had three and a half years why didn't they do it
00:49:54.340
then donald trump had four years to implement tariffs it didn't work during you know he started
00:49:59.660
his tariff um negotiating quote unquote in january of 2018 and they started to implement the tariffs not
00:50:06.740
long after i think june or july of 2018 and then of course there were retaliatory tariffs that came in
00:50:12.480
front from china and back and forth it went and there was no upside whatsoever there was no positive
00:50:20.960
gain in fact during that period of trade wars the economy took a turn for the worst and the federal
00:50:28.280
reserve had to implement interest rate cuts to try to spruce back up the economy mostly as a result of
00:50:36.060
donald trump's implementation of tariffs and causing this tariff war but he has fallen so in love it's also
00:50:42.040
going to impact our foreign policy and our defense strategies for our allies and probably the most
00:50:49.480
insane outcome or discussion of his tariffs that i've heard is as it applies to taiwan there is a
00:50:58.340
company in taiwan called taiwan semiconductor are you familiar with it at all yeah but explain it to
00:51:03.500
the audience here it is literally the most important company in the world they make the most advanced
00:51:10.080
semiconductor chips and their customers for those chips are nvidia the highest market cap company in the
00:51:18.740
country who makes all the most advanced ai chips which allow us as a country including our military
00:51:26.020
to be the most technologically advanced in artificial intelligence in the world one of their other
00:51:32.180
customers is apple and then the list goes on donald trump when asked if he would defend taiwan if it
00:51:39.220
looked like china was going to invade them said no what i'll do is i'll just put 200 percent tariffs
00:51:47.560
on china if they invade taiwan so effectively rather than making a decision that becomes life or death
00:51:56.360
you know you know a literal war for china as it applies to taiwan he's making it about the prices
00:52:03.260
of dresses so president xi can say she can say well if i attack if i go into taiwan and take over taiwan
00:52:11.720
semiconductor yeah our imports will go down some but i'll just put more retaliatory tariffs on on united
00:52:19.300
states of america but i'll get to keep tsmc i mean it makes no sense whatsoever he is so in love with
00:52:23.880
tariffs he doesn't understand them but the idea that not protecting taiwan an ally at all when for you know put
00:52:31.840
aside all the other reasons but it has the most valuable company that effectively controls the future of
00:52:39.260
artificial intelligence is insane and to biden's credit that's where the chips act came in because
00:52:44.980
biden recognized that and his administration did the chips act and now tsmc has broken ground in
00:52:51.100
arizona and is starting to get better yield with some of the the more normal chips and hope to have
00:52:58.240
the most advanced chips available in 2028 yeah i was going to say it doesn't wouldn't make sense to
00:53:04.340
onshore some of the critical supply chain if we learned anything from covid it was that our supply
00:53:10.680
chain was not quite what we thought it was and the question is how do you get companies to do it
00:53:15.160
and the underlying question is why haven't they done it already because there are mission critical
00:53:20.880
products that we really need here and there's you know obviously non-mission critical like
00:53:26.580
basketballs and you know toilet paper and paper plates why don't we already have manufacturing here
00:53:33.320
because americans will not pay a premium for american-made if americans paid a premium for
00:53:38.580
american-made as an entrepreneur i'd be starting factories left and right i mean we built a factory
00:53:43.320
for costplusdrugs.com we did it for one of my bike companies and it's all robotics driven and you know
00:53:48.660
if i could just amortize the cost over a shorter period of time because people would pay a little bit
00:53:53.300
more for american-made products you would see that happen but that's not who we are we want the least
00:53:59.260
expensive so you know we outsource a lot of this manufacturing but again to continue the tariffs
00:54:05.820
conversation china has learned a lot more from their experience when trump was president than trump
00:54:11.100
has china has started has built or bought manufacturing plants factories around the world
00:54:18.420
and china also has done the same thing in mexico so that they can manufacture in mexico and under the
00:54:24.420
usmca that trump's designed and signed it reduces the cost to i don't know if it's zero tariffs or
00:54:31.380
close for anything that's made with their components in mexico and shipped to the united states and if
00:54:37.340
trump jacks up the tariffs they're just going to tell their importers here in the united states why don't
00:54:43.700
you buy from our factory in indonesia or buy from our factory in vietnam and the tariffs meaning the
00:54:50.180
tariffs accomplish nothing except inflating the cost of goods for all of us and he just doesn't
00:54:55.980
understand that and that's where i spend a lot of my time going out there and explaining those things
00:55:00.460
and the last thing you know i'll go back to deportation the impact on businesses is significant
00:55:05.840
you know when you run a small business it's almost like family it's like your podcast and your business
00:55:10.480
the same you know everybody you know when their kids are sick and you know when you have a restaurant
00:55:15.300
you have a warehouse whatever it may be if someone's knocking on your door asking to see
00:55:21.180
paperwork and checking and going to the homes of your employees to check to see if grandma is documented
00:55:27.980
or not that impacts everything that happens in that business that makes it near impossible to run that
00:55:34.880
business and then of course if there's mass deportations for hard-working people what happens to the economy
00:55:40.860
could be far far worse so when they talk about when the economists have talked about the impact of
00:55:46.240
tariffs they haven't talked about the impact of deportations nor have they included the economic
00:55:51.560
impact not just on on businesses but of the physical the actual cost of deporting somebody
00:55:57.880
what i read is that it's fifteen thousand dollars per person now to give you a frame of reference
00:56:03.880
on the numbers he's looking at there are 1.9 million incarcerated people in this country
00:56:10.020
from federal down to local prisons and jails he wants to deport millions millions yeah so like 12
00:56:19.500
million 20 million i have whatever he decides yeah if he just starts to deport a million people
00:56:25.060
times fifteen thousand dollars per person that's fifteen billion dollars plus the time and costs for all
00:56:32.040
the local to police police police departments or whoever he militarizes to go and pull them out of
00:56:37.300
their homes to do the checkpoints whatever it may be that's incremental cost above and beyond the fifteen
00:56:43.940
thousand dollars per person so you want to talk about a budget breaker and a deficit grower if he actually
00:56:50.700
does 10 million that's 150 billion dollars if it's 20 million people like he says and he's going to deport
00:56:59.680
him you could do the math that's 300 billion dollars to say nothing of the knock-on effects
00:57:06.000
economically but you know ethically i mean just when you think about the details they're so horrific
00:57:11.860
ethically i i just get the sense that again this comes back to the fact that nothing sticks to him and
00:57:18.520
and everything is is hyperbolically discounted so as to his words mean nothing i literally think he could
00:57:24.640
say we're just going to round them up and kill them and turn them into dog food and and his his fans would
00:57:30.920
still say oh he's not going to make sense yeah so he's not going to do that it's funny so he came out
00:57:36.640
at one point and i don't know if he's mentioned it since where he's going to put caps on credit card
00:57:41.880
interest rates and i went on twitter i was like oh so he's a socialist now maybe he's even communist
00:57:47.060
you know because kamala harris doesn't have any price caps anywhere and then the response was no but it
00:57:52.800
makes perfect sense nobody likes those interest rates i thought and i was like i thought you were
00:57:57.160
against marxism and price caps and price limits and oh no you know donald trump is looking out for us
00:58:03.400
well how concerned are you about wealth inequality and and what what would you propose as a sane
00:58:11.660
approach to taxation brought that up so when i've sold my companies each and every time i've given a
00:58:17.780
big chunk to the employees my first business when i was in my 20s you know we sold for six million a
00:58:23.020
million went to employees my second business we sold to um yahoo for 5.7 billion in stock taught
00:58:29.920
people how to hedge and 300 out of 330 employees became millionaires when i sold a chunk in the
00:58:35.280
mavs we handed out 50 million dollars in bonuses so i'm a big believer that you know this is a group
00:58:40.600
effort and everybody deserves to be rewarded and i you know the only way to minimize or reduce not say
00:58:46.220
minimize but reduce income inequality is for people to have appreciable assets there's no you know when
00:58:53.700
you're living paycheck to paycheck there's just no amount of payment that you're going to get where
00:58:59.740
you can save enough to truly make a difference and so i'm a big believer in employee stock ownership
00:59:04.280
plans and as it turns out so is kamala harris and she's come out and said specifically that she is
00:59:11.060
going to endorse and support and increase and enhance the employee stock ownership programs and
00:59:17.040
similar programs that will allow that will make it easier for employers to give equity to everybody
00:59:23.400
so if you work for a startup and it sells you get paid if you work for a big company she'll give them
00:59:30.340
incentives to give stock to everybody so if there's a liquidity event you'll get paid if there's dividends
00:59:37.700
you'll get paid and so taking on businesses and incenting them to offer stock to everybody in my mind
00:59:45.920
is one of the best ways to do it the second best ways to do it is her down payment assistance plan
00:59:51.480
now a lot of people have made it sound like oh my god this is so inflationary but what they don't realize
00:59:57.320
is that it's not new like in the city of houston they have down payment assistance programs that will
01:00:03.800
support that will offer you up to fifty thousand dollars in down payment assistance i mean if you
01:00:08.940
just you know google down payment assistance programs they're all over the country there's
01:00:12.980
hundreds of them so this is nothing new this just codifies it on a national level and helping people
01:00:18.460
who are first-time homebuyers who have great credit because you don't want you know mortgage lenders
01:00:23.060
being stuck with the bag and people having not being able to pay and so having that available is a
01:00:30.040
great way to help people get an asset that appreciates i mean it's very very straightforward
01:00:35.240
and you know to me those are the two best ways to start to address income inequality now what what
01:00:41.220
is your reaction to the proposed i think i think this proposal has since been withdrawn or otherwise
01:00:47.360
deprecated but the proposed tax on unrealized capital gains it's not going to happen yeah it would
01:00:54.820
have been horrific and so that's did that come directly from the harris campaign or was that a
01:01:00.420
biden campaign so both both so what happened was when the proposal the initial presentation of it if
01:01:07.880
you will it was never truly proposed so when biden came out with this 2024 budget they had to find a
01:01:12.640
way to balance it that's how it was explained to me and so they incorporated this tax on unrealized
01:01:18.340
capital gains and when i saw that while biden was still the candidate i called one of the people i
01:01:24.600
know there and i was like what the hell is this this is an economy crusher and they go yeah we understand
01:01:29.700
it's never going to happen we just needed it in there for budgetary reasons and then someone when
01:01:35.880
kamala became the candidate someone went on cnbc and said yeah she supports it well we haven't heard
01:01:43.140
from that person since so i i called up the harris folks and i'm like tell me this is not true because
01:01:49.540
this is the worst thing for the economy and they're like no it's not true it's not going to happen and
01:01:55.760
the proof is obviously every harris sponsored campaign event that i do i bring this up and say
01:02:02.360
it's not going to happen and you know they're still sending me out there and you know so they've
01:02:07.900
told me from the paint i haven't heard it from her mouth but i haven't asked her but i've heard it
01:02:11.480
from the mouths of multiple people in the campaign that it's not going to happen it would be helpful
01:02:15.800
if she said it's not going to happen yeah you know and i said the same thing you know but the response
01:02:20.980
was people don't care about the people that impacts you know you got to have a hundred million dollars
01:02:25.460
or more in assets and there's not a whole lot of sympathy for folks in my position yeah i mean it's
01:02:31.340
just when you think about the details of trying to impose that tax though it can't it imposes such
01:02:35.960
crazy cognitive overhead on the government it's just bizarre to think yeah it's ups and downs
01:02:41.180
it's ridiculous and plus the people that'll get whipsawed i mean you take your company public and
01:02:45.300
your equity rich and cash poor you know you might have to borrow hundreds of millions of dollars to
01:02:51.680
pay your tax bill yeah and have fifty dollars in the bank yeah yeah well i guess finally mark let's
01:02:59.360
just touch on your expectations around america's place in the world in you know backstopping the rules
01:03:08.780
based international order and i think specifically supporting allies like israel what what is your
01:03:14.480
expectation of a harris administration because i take that final point first i think there are many
01:03:20.760
jews who imagine that there's there's some lesson to be drawn from trump's first term that he is a
01:03:27.800
totally reliable ally for the state of israel and above all will defend it and um there's nothing to
01:03:35.660
worry about on that front and conversely you have in the example of the you know the biden and harris
01:03:41.260
administration some obvious support i mean we've given them a lot of military aid and although we've
01:03:46.880
had moments where we seem to be withholding that aid or delaying it but we've given apart from the
01:03:52.160
those first weeks after october 7th there has been a kind of talking out of both sides of of their
01:03:57.940
mouths phenomenon coming from the administration and and obviously there there's pressure from the
01:04:04.420
the activist class within within the democratic party to be far more concerned about what's
01:04:10.300
happening to the palestinians than than really any other people on earth how do you do the do the math
01:04:16.060
on on this issue i mean i can't speak from a lot of detailed discussions with them other than to say
01:04:23.180
you know my brief conversations with doug emoth who is jewish that you know he's hardcore and he's fully
01:04:30.300
supportive of israel and she takes a lot of counsel from him and i think you know they've had to walk
01:04:38.800
a fine line and find an equilibrium and i think that's been smart because i think the more if if
01:04:44.780
they're if they don't pay any attention to gaza then the protests on college campuses get worse
01:04:50.740
and i think that is why they've walked the fine line but that's just me supposing but i don't think
01:04:56.660
there's any doubt and there's no doubt in my mind that they'll be fully supportive that you know
01:05:01.940
they're all in on israel without any hesitation whatsoever but that's just my opinion and in in
01:05:08.120
terms of the rest of the world i think they'll back all of our allies i know when um we talked
01:05:14.200
and i literally talked to the campaign when i was in pennsylvania about polish americans and the issue
01:05:19.580
of ukraine you know i think it's a given that if ukraine has given up to putin poland is next
01:05:25.640
and to the 770 000 polish americans in the state of pennsylvania that's a big deal and she's made that
01:05:34.040
commitment that she will be there for our allies as of has all of nato so you know i mentioned taiwan
01:05:41.420
she says she will you know that they will support and protect taiwan they're not going to get into the
01:05:47.080
politics between the two countries but if there's any type of military action we will be there and i
01:05:54.000
think that's smart and so i mean i think you know with the exception of the four years under trump i
01:05:58.920
think you'll see a lot more or a lot of what's already happened historically from united states
01:06:04.660
military and from a diplomacy perspective and i'll also add kamala harris understands diplomacy
01:06:10.040
she knows what the word diplomacy means and she understands the process required and the quality
01:06:18.360
of people in a cabinet and in ambassadorships required in order to make diplomacy work you don't
01:06:25.120
have any sense of that from donald trump you know the thing about donald trump you can't point to one
01:06:31.420
situation or example where he has given a detailed explanation of policy you can't point to one
01:06:39.200
example where you think to yourself wow that was really a nuanced response from donald trump
01:06:43.980
about a policy issue never yeah ever the exact opposite with kamala harris you know she she's a
01:06:52.020
policy geek she likes to dig into policy she likes to read it she likes to understand it she wants to
01:06:58.160
know what's happening in the world and how we can have an impact and to me that's critically important
01:07:02.140
because you know we've talked about donald trump being transactional we don't want him selling our
01:07:07.620
relationships to the highest bidder you know in some respects and i'm not an expert on this he did it
01:07:12.040
with yeaman in 2018 was it when there were people you know 100 000 plus people died in yeaman and we
01:07:21.140
kept on selling weapons to saudi arabia you know and there's just that's who he is strangely there's not
01:07:28.120
a lot of protests on college campuses around that i wonder why no it's shockingly enough and you know
01:07:32.800
the never wars donald trump did nothing to stop this war yeah yeah well mark is there anything
01:07:39.980
left to say but either against donald trump or in favor of harris to before we close out here
01:07:46.080
yeah i mean in favor of kamala harris what's critical to me what she said yesterday at in dc when she
01:07:55.220
talked about i'm not trying to get people who disagree with me i'm trying to put them at the table with
01:08:00.400
me i want to hear from them and learn from them that's leadership that is the definition of
01:08:06.880
leadership she's not out to get people she's out to learn from people and when people question you
01:08:12.840
know is she too far left or you know is she still progressive and she that is your answer right there
01:08:18.280
she's open-minded she's not an ideologue how often does that happen in politics and just this is my
01:08:23.720
personal opinion across the board i think she's learned a lot from donald trump over the past nine years
01:08:29.700
that party politics takes second to directly communicating with the people and being in a
01:08:37.040
position to understand their needs and it doesn't matter what the democrats think we learned it doesn't
01:08:42.400
matter what the republican party thinks anymore he's taking it over it's now the family business
01:08:47.120
and for kamala i think similarly she realizes she's got to communicate with americans that in order for
01:08:54.680
this country to be successful going forward she's got to represent everybody and if you disagree with
01:09:00.440
her that's okay she wants to hear from you she says she's going to put independents and or republicans
01:09:05.780
in her cabinet that's leadership that's talking to people the best leaders are people who communicate
01:09:11.560
with everybody you don't have to agree with them you don't have to give them what they want but you
01:09:16.140
have to be able to communicate listen and understand i don't think donald trump is capable of any of
01:09:21.740
those things i know kamala harris is yeah she had a nice line along along those lines um in one of
01:09:28.340
her speeches where she says you know i have a to-do list he has an enemies list which really does
01:09:33.460
sharpen up the distinction i mean what she has most in her favor and i really i don't mean to discount
01:09:40.160
her competence as a leader as a politician as a possible president i think she'll be fine and perhaps
01:09:47.040
even quite good but above all she'll be normal i mean i just i've just yearned for this return to
01:09:53.480
normal politics yeah amen it just just the agita that happens between families i know it's in my
01:10:01.920
family you know who you voting for you know my brother-in-law you know started talking crap about
01:10:07.740
me online and i had to block him i mean it's just crazy well that's a point i think that there's really
01:10:13.900
no denying whatever you're even if someone does not agree with anything we've said so far about
01:10:19.520
trump or about harris what is undeniable is that trump drives half the country crazy right and if
01:10:26.600
you even so if you just think half the country has tds okay fine but you have to admit that's not a good
01:10:33.440
thing even if that's your view you should want to live in a country where politics is not taking up
01:10:41.640
this much bandwidth i agree and we're not at one country at one half the country isn't despising the
01:10:47.980
decisions of the other half of the country and the reason why we haven't returned to normal under
01:10:52.880
biden is trump hasn't gone away yes we're still in this mode where trump has the you know we don't we
01:11:00.060
no longer have a normal republican party there's not a normal conservative the republican party does
01:11:05.880
not exist here it's just it's just a personality cult exactly right how sad is it that rather than
01:11:12.680
being looking at the election and election day as a crowning achievement for our democracy our
01:11:19.920
republic it's like okay i'm so glad it's over yeah and i hope half the country accepts the results
01:11:26.540
finally the other point here is that even if you are a single issue voter and the far left
01:11:34.680
has just driven you crazy this last decade whether it's the the trans issue or immigration or defund the
01:11:43.020
police or whatever the tipping point was articulated by the far left if that's your issue my argument is
01:11:50.440
that the pendulum is in the process of swinging back in the democratic party and if we elect trump again
01:11:56.520
for four years it will swing out again into crazy town yep even if you just want to normalize
01:12:03.400
the left side of our politics and have sane institutions if you want harvard and the new york times to be
01:12:09.720
sane again and reliable well then if you had to place a bet it gets more normalized and more reliable
01:12:18.320
under harris than under trump because trump is a continuous provocation to the left
01:12:23.000
and you can't there's no path to get him to understand something with a kamala harris presidency
01:12:29.740
you can lobby against the things you don't like you can protest against the things you don't like
01:12:34.940
and you will be heard and there'll be at least some normalcy in congress that hopefully you'll be heard
01:12:41.300
with trump he doesn't listen you know he listens to i was talking to somebody who knew who knows him
01:12:47.580
well who actually served in the trump administration and he was saying that trump would call him and
01:12:53.160
others 24 7 right he just spent all his time on the phone into the wee hours of the morning getting
01:12:59.800
perspective from only the people he knows he got perspective from watching television twitter slash
01:13:06.360
true social now and his friends on the phone that's no way to run a government yeah well it is if you
01:13:12.940
want uh my pillow guy and mike flynn and yeah the other freaks and grifters in uh in power and i even
01:13:20.380
knew some of those freaks and grifters before they went for trump and they were freaks and grifters
01:13:24.140
before and he just ignored the fact that they were freaks and grifters yeah yeah well mark it's great to
01:13:30.220
have you on the podcast thank you for everything you're doing and um i will be thinking about you
01:13:34.400
next week whatever happens yeah thank you sam thanks for having me on i'm a big fan and i really