00:02:32.340He's got something like 65 million followers on YouTube.
00:02:36.000And the interesting thing, Michael, so when Mr. Beast was coming, our girls, Caroline and Catherine, they didn't care at all about the poker players.
00:02:47.780They certainly didn't care that Dad was playing.
00:04:19.940Look, the Bernie budget, think about it.
00:04:26.380Last year, Joe Biden campaigned across the country as a moderate, reasonable centrist.
00:04:34.220You know, his basic message was he was competent, no more mean tweets, nothing scary, just back to the calm.
00:04:43.140Yes, return to normal, calm, quiet yesteryear.
00:04:46.040And there were some Americans who pulled the lever.
00:04:48.900That was attractive to some people and they voted for it.
00:04:52.440Well, fast forward to today and Biden and Harris have given the party over to the radicals so much so that it is literally Bernie Sanders who is writing the budget.
00:05:04.380Bernie is the chairman of the budget committee in the Senate.
00:05:22.540Four point two trillion, by the way, to put it in context, is right about what the United States spent to win World War Two.
00:05:30.540That's what Bernie's trying to spend in the next couple of months in his budget on one bill, on one bill, doesn't count the billions they've already spent.
00:05:40.760This is this is another four point two billion.
00:05:42.900It is funded by trillions in new taxes.
00:06:46.300I'll confess I'm not all that optimistic, but I hope it happens in the Senate.
00:06:50.380I'm very concerned that Joe and Kyrsten are just going to give Schumer what he wants, that they're going to negotiate some piddling concession.
00:06:59.360So, all right, we'll jack up the corporate tax rate a percentage point lower than you were going to.
00:07:07.740I think the better prospect for defeating this is in the House.
00:07:14.100The House, there are, I think, 13 House Democrats who were elected in districts that Donald Trump won.
00:07:22.420And I think it is incredibly important in the next 30 days, in the next 60 days, that those House Democrats hear from their constituents, that they get phone calls, that they get lit up in the mail on the phone with their constituents saying, very simply, do not vote for Bernie's budget.
00:07:43.860And so I'm going to be leading the fight to make that happen.
00:07:46.300So you're saying the political battle here is it's not exactly going to be Republicans versus Democrats.
00:07:51.940It's not even going to be over the much coveted Joe Manchin or Kyrsten Sinema vote.
00:07:57.280But it's going to be Democrats versus Democrats in the House, the radicals or even the kind of, I guess, the leftist mainstream now versus the sort of quasi-moderates.
00:08:11.100On the pessimistic side, Nancy Pelosi and Chuck Schumer have demonstrated a remarkable ability to crack the whip and force their members to just salute and, like lemmings, jump off the cliff.
00:08:25.000And so maybe they'll do it again here.
00:08:26.880Maybe they'll get the Democrats to all obey.
00:08:28.720That being said, the best situation to get someone to defy their leadership is when their political life or death hangs in the balance.
00:08:40.300And for these Democrats in purple or red districts, I think voting for Bernie's budget ought to be completely disqualifying.
00:08:51.020And so putting the heat on them that you're going to be out of a job, you're going to be out of Congress, you're voted out of office if you do this.
00:08:59.100What we need to do is foment revolt within the Democrats.
00:09:03.860And sadly, as you said, it's not going to be really a Democrat-Republican fight because all the Republicans are going to vote no on this.
00:09:54.160Now, in terms of the politics of this, the hope, of course, is that you just terrify these Democrats into thinking that they're going to get thrown out of office if they spend.
00:10:04.600But I just wonder, are we sort of past that?
00:10:09.280I mean, at this point, are we hemorrhaging so much money and printing so much money and keeping interest rates so low that does big spending really motivate people to the polls in the way that it once did?
00:10:22.840Or are we just sort of in for a penny, in for a pound at this point in terms of the actual political ramifications?
00:10:29.180So I don't know that big spending has the same force that it did.
00:10:47.260And so where I think spending has a bite right now is people across this country are seeing gas prices go up dramatically.
00:10:55.000They're seeing food prices go up dramatically.
00:10:58.200They're seeing lumber prices go up dramatically.
00:11:00.420They're seeing the price of homes go up dramatically.
00:11:03.160And I think people connect this crazy spending binge in Washington with the inflation that when you spend trillions and print trillions of dollars of new money and you borrow trillions of dollars, that it causes inflation.
00:11:17.200And so I think both of those, the trillions in taxes and the inflation have real bite.
00:11:21.860I also think socialism has bites, that there's still, I believe, a large majority of Americans that want us to be a free enterprise economy and not a socialist economy.
00:11:35.420And the fact that this is Bernie Sanders' socialist budget, I think is a bridge too far for a lot of voters.
00:11:45.580Now, whether the Democrats who are representing some of those voters in districts that Donald Trump carried, whether those Democrats are more scared of Nancy Pelosi than they are of their constituents, we'll find that out.
00:12:16.900I don't want, I don't care at all what they say.
00:12:19.520Frankie F writes in, he says, with Tesla announcing that they are set to put out a prototype of a humanoid robot to perform repetitive and dangerous jobs that people ordinarily don't want to do, is this the end of the world?
00:12:34.680He asked, do you think there are any merits to UBI, universal basic income, or what will the labor force be like in the future?
00:12:43.700So, if you're going to, if you're going to train all these little Terminator bots to do all of our jobs and take over the world, do we need to pay the people from the government, like Andrew Yang proposed, like, like other people have proposed in recent years, to sit at home and not work?
00:12:56.640So, let me take each piece of that question, because they're somewhat disparate.
00:13:04.020Look, the march of technology is frightening and disconcerting, and it's frightening and disconcerting because it displaces a lot of workers.
00:13:14.000And that's been true, you know, from the locomotive engine, to the horse and buggy, to the automobile.
00:13:24.340We've seen massive dislocations, and those dislocations cause real pain.
00:13:32.340Progress is often difficult to go through.
00:13:37.840So, when it comes to automation, you know, the fear that robots are going to take all our jobs isn't new.
00:13:46.660I mean, I remember back in the 70s and 80s that we were worried that robots were going to take, you know, Japanese robots were, the Japanese car industry was going to defeat American cars, robots were going to unemploy everyone.
00:13:59.240We've been hearing that for a long time.
00:14:00.880You know, it's interesting, this past week, I went and toured a General Motors factory plant in Texas, in Arlington.
00:14:11.040And it's a massive factory plant where they produce all of their big SUVs.
00:14:18.000So, they produce the Suburban, and they produce the Yukon, and the Tahoe, and they produce the Cadillac Escalade.
00:14:25.500And so, I saw the assembly lines where all these are put together, which, by the way, is so totally cool, like being on an assembly line, and the mechanics.
00:14:36.160They're producing one truck a minute, so it's so cool to see them just rolling off.
00:14:41.420It takes about 23 hours to build a truck, but they're rolling off the line at about one a minute.
00:14:49.080Now, there are a crap ton of robots on that factory floor that are doing jobs that used to be done by people.
00:14:57.760So, you have robots, massive robots that are moving things, that are turning the chassis over and back, that are rotating, that are welding.
00:15:08.460But there are still thousands of jobs that are essentially directing the robots.
00:15:19.660It's not – there are fewer of the kind of hard-lifting jobs that used to be on an automobile assembly plant or a truck assembly plant than they are.
00:15:33.500That many of the things that require brute force now are automated.
00:15:39.340But other steps, either directing the automation or engage in kind of small, more meticulous things, you have men and women on the line that are working.
00:15:52.380So, for example, on robots, we're going to move in the next 5, 10, 20 years, we're going to move to self-driving cars.
00:16:02.260The exact timing of that is not clear.
00:16:06.460But when it happens, it's going to displace millions of workers, whether they are taxicab drivers, whether they're truck drivers.
00:16:13.660There are a lot of people who make a living right now, Uber drivers, who when you have self-driving cars, that job, at some point, our grandkids are not going to know what the job of being a driver is.
00:16:30.760I don't think the answer, though, is UBI.
00:16:34.680I don't think the answer is the government just sending everyone a check.
00:16:38.740I think the answer is a workforce developing skills that are needed going forward.
00:16:44.040That doesn't mean, as John Kerry dismissively says, learn to code.
00:16:48.180But it does mean that the needs of the economy differ, and you develop different skills in response to that.
00:17:00.040And, look, I will say UBI, the idea of paying everyone just a check every month.
00:17:06.340If it were combined with eliminating the welfare state, with eliminating all of the other expenditures, I could actually envision a world in which UBI made sense.
00:17:20.220It's not all that different from an idea that Milton Friedman proposed a long time ago, that the problem is any proposal for new spending in our government is always additive.
00:17:32.500It's never replacing, it's never getting rid of all the other stuff.
00:17:36.100It's just one more payment that is redistributing from people who are working and productive in society to people who are not.
00:17:43.620And so in anything resembling the practical political context in which something could be adopted, it would be a bad idea.
00:17:52.980And so I'd much rather deal with automation and robots by school choice and education and workforce development and training and helping people get jobs that are needed.
00:18:05.100And as I said, I just saw the GM plant, there are a crap ton of people that are needed to run the robots, and that need is not going away anytime soon.
00:18:14.500That's true, and we could be spending our time working on our firearm skills for when the robot Armageddon war happens.
00:18:20.440So I think that would be a good use of time.
00:18:22.020There is something also just inhuman about paying people to go away.
00:18:27.080You know, I mean, I guess the premise of a lot of social safety net programs is that you're giving people a leg up, you're helping them improve themselves.
00:18:34.040But if UBI just means paying people not to complain, well, the robots do all of our work.