Valuetainment - September 07, 2020


Will Musk & Rogan Cause a California Exodus？


Episode Stats


Length

8 minutes

Words per minute

183.53842

Word count

1,581

Sentence count

113

Harmful content

Hate speech

8

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Elon Musk is building a $1B plant in Texas. Joe Rogan is moving to Texas. And why is this so important for everyone that lives in California and everywhere else? Patrick Medvey explains why.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 I'm Patrick Medivy, host of Valuetainment, and today we're going to talk about this
00:00:25.440 exodus of California. Rogan going to Texas, Musk building the new truck in Austin, Texas,
00:00:32.100 is a California exodus around the corner. Big news this week, Elon Musk just announced that he's
00:00:37.900 building a $1 billion plant in Austin to add 5,000 new jobs to the city and the state of Texas.
00:00:45.360 This was announced recently. Here's an article from CNBC saying Elon Musk chose freedoms Texas
00:00:51.220 offers for new Tesla factory, says state's GOP governor, which is Governor Abedin. Let me tell
00:00:56.220 you why this is so important and a very big difference between a person like Elon Musk saying
00:01:01.920 no to California with the challenges he was having where he was getting shut down to say,
00:01:07.680 you cannot open your plant. And he comes out and he says, I'm opening up my plant because I believe
00:01:11.760 I'm essential. And then he chooses Texas. Why is this so important for everybody that's living in
00:01:17.200 California and everywhere else? Here's why. Let me give you an example of what happened in 2016,
00:01:22.080 2017. In 2016, 2017, Carl Icahn, legendary billionaire, left New York to move his office
00:01:32.700 and his business to Florida. Why? Because that's just, he's going to save money on taxes. This is
00:01:38.700 because New York is way too high. Then Leon Cooperman, which many of you probably have never heard of,
00:01:44.480 he had a feud with Massachusetts Senator Elizabeth Warren, and he also left Jersey to go to Florida.
00:01:50.960 And David Tepper, who probably you've never heard of, also another billionaire, hedge fund billionaire,
00:01:55.860 left Jersey for where Florida? And Paul Tudor Jones II, which you've probably never heard of,
00:02:01.560 who's a billionaire worth $5.1 billion, left Connecticut to Florida. And Eddie Lampert,
00:02:08.100 probably somebody you haven't heard of, left Connecticut to Florida in 2012. And Barry Sternlake,
00:02:14.260 left Connecticut to Florida in 2016. Now, why am I keep saying, you probably haven't heard of,
00:02:20.560 you probably haven't heard of, you probably haven't heard of. The point I'm trying to make
00:02:24.340 to you is the following point here. See, Joe Rogan was just asked yesterday by, it's Joe,
00:02:29.160 I believe Joe, the son, I asked him, watch this here.
00:02:33.240 Joe Rogan, are you moving? I'm out of here.
00:02:35.200 When do you leave? Soon.
00:02:37.280 Texas or? Yeah, I'm going to go to Texas.
00:02:39.540 I got it.
00:02:40.240 I'm moving to Texas. So now let me get this straight. Joe Rogan announces he's going to
00:02:45.720 Texas. This guy runs the number one podcast. Okay, he's moving to Texas. Elon Musk announces he's
00:02:50.640 building a billion dollar plant in Texas and tells California you're annoying to deal with,
00:02:55.740 but I'm still going to stay with you a little bit, but long-term plans, I'm looking at Texas.
00:02:59.700 What is the biggest difference between a Joe Rogan saying he's moving to Texas, between
00:03:04.180 Elon Musk saying he's moving to Texas, and all these billionaires, Carl Icahn, Leon Cooperman,
00:03:09.620 David Tepper, Paul Tudor Jones, Eddie Lambert, Barry Sternlich, what is the difference between
00:03:14.760 these two guys saying they're moving, and the other names? You ready? Here's why.
00:03:18.900 When I moved to the States, we moved to Glendale, California. If you know anything about Glendale,
00:03:24.940 California, Armenians are all over Glendale, California. Why? 1.00
00:03:29.700 When you look at the Assyrian community, it's a very small community. I'm half Armenian,
00:03:34.160 half Assyrian. Many Assyrians live either in Detroit, or they live in Torlach, San Jose,
00:03:39.640 Northern California. Why? When you look at a lot of Persians, they live near Santa Monica and Beverly 1.00
00:03:46.800 Hills. Why? You can go look at Italians. They live in New York. You can go look at Irish. Why though? 1.00
00:03:54.400 You got to ask that critical question of why. Here's why. This is how it works.
00:03:58.740 Armenians didn't want just, one day just wake up and say, Glendale's got the perfect climate for us
00:04:03.340 to move to. Assyrians didn't just say, Torlach's the place to go to, because it's the perfect place 1.00
00:04:08.720 for Assyrians. Let's go to Detroit. That's what we're going to, Italians, New York's the place for us.
00:04:13.280 Let's go to New York. Cubans, we got the moment an influential person who's got a big mouthpiece, 1.00
00:04:19.800 leaves, everybody follows. Let me say this one more time. When the first influential Armenian 1.00
00:04:26.320 moved to Glendale, everybody else said, Armen moved to Glendale, we're all moving to Glendale,
00:04:31.840 who were coming from Iran, who were coming from Russia, who were coming from Lebanon. It doesn't
00:04:35.780 matter. Because of an influential person left to Glendale, we're going to. Because an influential
00:04:41.260 Italian moved to New York, we're going to. Because you can go look at Asians, Italians, Irish, Mexicans, 1.00
00:04:48.320 Puerto Rican, it doesn't matter. There's a massive Puerto Rican community in Orlando. Why Orlando? 0.99
00:04:53.920 Because an influential one went first. If California doesn't get their act together,
00:05:00.920 when a mouthpiece like Elon Musk, or a mouthpiece like Joe Rogan, with the level of influence that
00:05:07.940 they have. Here's Elon Musk's Twitter account. Let me just show this to you. He's got 37.1 million
00:05:13.200 followers. When he sends a tweet, he gets 592,000 likes. When he sends a tweet, people follow what
00:05:20.940 this man is saying. When you got that kind of an influence, and you say no to Texas, and you go to
00:05:27.520 a different place, guess what happens? Other people listen. And that gradually leads to an exodus. If
00:05:35.840 California doesn't get their act together, and think, just because the weather is so great,
00:05:42.700 people are eventually going to be naive enough to stay. And here's the thing. Don't get me wrong,
00:05:46.420 California, and Governor Newsom, and Garcetti, and all these other guys. You're going to keep the
00:05:50.920 people that are tied because they're family. You're going to keep the people that are emotionally
00:05:54.600 connected to the people there. You're going to keep the people that are just kind of like,
00:05:57.760 you know what, I'm okay. It's not terrible, but I figured out. You're going to get the people
00:06:01.760 that have been sabotaged to think it's the best place to be. But you're going to lose your critical
00:06:06.020 thinkers and job creators and mouthpieces eventually. And then one day you're going to wake up and say,
00:06:11.460 I thought you guys loved the beach. I thought you loved the weather here. What happened?
00:06:15.740 And people are going to say, wait a minute. If I look at the US map, and I look at what the US map
00:06:20.360 offers to me, you know, I can definitely go, if I want, I can definitely go, let me see some of these
00:06:28.380 places. I can go to Florida. They don't offer any taxes. I can go to, I can go to a different place.
00:06:35.060 I can go to Nevada. I can go to Tennessee. They don't offer any taxes in Tennessee. And Tennessee's
00:06:41.180 coming up. What if I go to a great city like Nashville? What if, what if I go to Fort Lauderdale?
00:06:45.620 What if I go to Orlando? What if I go to Tampa? That's coming up. Didn't Brady just go there?
00:06:49.520 What if I go to Houston? What if I go to Austin? What if I go to San Antonio? What if I go to Nevada?
00:06:54.160 What if I go to some of these places? And gradually, this beautiful state that I love,
00:06:59.620 lived 24 years in that state, is going to take a hit. So will New York. So will Illinois.
00:07:05.180 If they don't realize that you cannot push your business owners, your job creators, and your
00:07:12.880 influencers out. When Tiger Woods decided to move his family to Jupiter, and live in Florida, Jupiter.
00:07:19.520 It's a nice little island. I was there last week. When they decide to move, it's not a big deal.
00:07:24.160 Why? Because Tiger doesn't go out there sharing his opinion and saying what people ought to
00:07:27.600 be doing. But when an Elon Musk, that is not afraid of telling people his opinion, or when
00:07:33.040 a Joe Rogan, who runs a number one podcast, goes out there and does a move like that, you
00:07:37.220 better believe a lot of people are going to sit there saying, babe, did you hear about
00:07:40.040 it? Did you hear about it, babe? I did. Maybe it's time for us. What do you think? I don't
00:07:45.280 know, babe. I think it's starting to make a lot of sense. Maybe you ought to be thinking about
00:07:48.060 it. So yes, this is a very big news of Elon Musk deciding to build a billion dollar plant
00:07:54.500 in Austin, because it is a statement that's being made on how California handled the pandemic,
00:08:00.400 and how they treated their business owners, and they're eventually going to push the job
00:08:05.500 creators, the creative people to say, I just can't do it here anymore. And we're starting
00:08:09.720 to see a glimpse of it with Elon Musk.
00:08:12.220 Thanks everybody for listening. And by the way, if you haven't already subscribed to
00:08:15.560 Valuetainment on iTunes, please do so. Give us a five star, write a review if you haven't
00:08:20.800 already. And if you have any questions for me that you may have, you can always find me
00:08:24.420 on Snapchat, Instagram, Facebook, or YouTube. Just search my name, Patrick David. And I actually
00:08:29.920 do respond back when you snap me or send me a message on Instagram. With that being said,
00:08:34.740 have a great day today. Take care, everybody. Bye-bye.