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1:38

Hi, everyone. This is Pivot from New York Magazine

1:41

and the Vox Media Podcast Network. I'm Kara Swisher.

1:43

And I'm Scott Galloway. How was

1:46

your weekend, Scott? I did something

1:48

I haven't done in probably 30 years,

1:50

Kara. I saw two movies in the

1:52

same weekend, in theaters. Which

1:55

ones? I saw the

1:57

premiere of Mad Max Furiosa. A

2:00

friend of mine worked in TV, or

2:02

I'm sorry, worked in movies, Warner Brothers.

2:06

And they had all the actors on stage.

2:08

They had Chris Hemsworth and everyone else. And

2:11

next to Chris Hemsworth, everyone looks like

2:13

a defect. Everyone looks like they were

2:15

produced in a factory of lesser people.

2:18

He's a handsome man. It

2:20

was so much action and so much

2:22

visual stimulation. You feel like a piece

2:24

of beaten flank steak by the time

2:26

you leave. Yeah. I'm not a fan of

2:28

the Mad Max genre. I try not to watch

2:30

those. I just, I'm like, oh, that sounds like a

2:32

terrible future. All those ones. Waterworld, remember all

2:34

those? Waterworld's on that

2:36

maxo. Thunderdome's amazing. No, I know.

2:39

Yeah, I know it is. But I just never felt good after

2:41

watching them. Fury Road, Tom Hardy. No, you didn't like that?

2:43

No, I don't like any of those. It's

2:45

the end times and everyone's dressed up looking like a

2:47

goth and shooting each other with

2:50

modified weapons. I just, I don't know. It's

2:52

just such a dystopia. It's the most dystopian

2:54

view of all those dystopian things. The only

2:56

one I get into is Terminator. And I

2:59

don't love the future stuff, actually, which

3:01

is interesting. Yeah, Made Mel Gibson. Was it

3:03

good though? It did. It didn't. You

3:06

know, I think it kind of jumped the shark. I'm

3:08

a little still processing it, but I don't think it

3:10

held together. It's with the woman from Queen's Gambit. I

3:12

forgot her name. She's very compelling. Yeah. And

3:15

then I saw, I think, I don't know,

3:17

would you like a song? I saw Fall

3:19

Guy with Ryan Gosling. How was that? You

3:22

know, it's a- Didn't do well. Didn't do

3:24

well. Interesting. I mean, it's just not good.

3:27

Is that right? Yeah. It reminded me

3:29

of a TV movie of the week. It

3:31

just wasn't that. It was okay. They're

3:34

both really nice to look at. Right. And

3:36

the thing I liked about it was it was a bit

3:38

of an ode or a tribute to stunt people. Yeah,

3:40

it's from the Lee, what's this guy who

3:43

played $6 million, Lee Major's show with Fall

3:45

Guy. Yeah, it's from the TV show.

3:47

That's why it reminds you of a TV show. Oh, I

3:49

didn't know that. Because that's where it's from. That was a TV

3:51

show in the 70s, 80s, whatever. What did you

3:53

do? I did some

3:55

more stuff. I went to a WNBA game,

3:57

Liberty versus Fever. I got to see- Caitlin

4:00

Clark, my friend has floor seats, so I got to

4:02

sit on the floor. And how many people were in

4:04

the stadium? I'm curious. It was packed. It was absolutely

4:06

packed to the rafters. Where did they play? Did they

4:09

play at MSC? At the Barclays Center at the Barclays.

4:11

Packed to the rafters. And the stadium was sold out?

4:14

Sold out. And it was Caitlin Clark, that

4:16

helped it, I think. But Liberty's super popular

4:18

in New York. See, there's these super, I've

4:20

learned all sorts of things from the lesbians

4:22

of my friends who are

4:25

big basketball fans. You

4:27

know, there's super teams and the Liberty is one of them.

4:30

And there's one in Vegas, the Aces. But

4:32

Caitlin Clark was something else, I have to

4:34

say. She really is such a good place.

4:37

It was really fun to watch. I don't

4:39

really care for sports, but it was fun

4:41

nonetheless. I just was, there were

4:43

lots of little girls in the stadium,

4:45

in the Barclays Center, it's not a

4:47

stadium, I guess. And sitting

4:49

all over the place, there were little girls trying to

4:52

get their thing. It was nice, it was really

4:54

nice. And it would be really great if, the

4:57

New York Times had a very good business piece about the

5:00

financial challenges and yet all the things they're trying to

5:02

do to get it. And if it gets popular, it

5:04

gets a better TV deal. You know, for now, people

5:06

catch on. And they've got some stars now. If

5:08

there was ever a pivotal moment, quote

5:10

unquote, it's now. Because she's got,

5:13

and the fact that they sold out, the

5:15

fact they sold out to Barclays Center is very impressive.

5:17

But you're right, it all comes down to TV. TV,

5:20

and that's the thing. They've had a shitty TV thing,

5:22

and we'll see if it works. I mean, if they have

5:24

more stars like that, all these other stars like Brittany

5:27

Griner don't have to go to Europe to

5:30

do their stuff. And if you create an ecosystem,

5:32

I think it was interesting. And then at night,

5:34

I went to a play called

5:36

Still with Tim Daly, who loves

5:38

Pivot. And it was great.

5:40

It was about a man and a woman that reunite

5:43

after a couple decades. They'd

5:45

been together and they had political differences. And it

5:47

was really, it was good. And then that was

5:50

fun. It was a little theater. Amazing,

5:52

let me guess. For a twist, he's a Democrat

5:54

and she's a Republican. No,

5:56

no, he was running for office. It was great. It

5:58

was actually really, it should be seen. really

6:00

well done. It's a short 75-minute

6:02

play and it was

6:05

good. And I got to meet his lovely wife,

6:07

Te'a Leone, who was hysterically funny. She's very

6:09

talented. Yeah, but she's also funny.

6:11

She's really funny. Yeah, I was really surprised. It was fun.

6:13

It was a good weekend in New York and then we

6:15

went to see my mother for a

6:17

late Mother's Day. It

6:22

was fun. It was great. I brought Louis back from

6:24

Argentina, so I picked him up early Saturday

6:27

morning, so I got to hang with him. It was good. It

6:30

was a very family, fun weekend. It

6:32

was good. Lucky was good. We had a great

6:34

dinner. But we've got

6:36

a lot to do today, including the Dow's latest

6:38

milestone in OpenAI's latest drama. Man, there's so much

6:40

going on over there. That's like the most

6:43

dramatic of AI companies. But first,

6:45

Mickey and Minnie are unionizing. Disneyland character

6:47

and parade performers voted to unionize with

6:50

the Actors' Equity Association, the group of

6:52

7,800 amusement park

6:54

workers focused on safety, scheduling, and demanding a

6:56

living wage. The vote passed with almost 79%

6:59

majority with, I

7:01

don't think any, that's a pretty high thing. Most

7:03

other Disney resource staff are already unionized. This

7:06

is interesting because I have a bunch of friends

7:08

who are character and parade performers in there. They've

7:10

been disgruntled. How did that happen? Just

7:14

pause right there. You have a bunch of friends who

7:16

are character actors? I

7:18

know. It's weird. I know a lot of them

7:21

because they're kids of friends of mine and they

7:23

work there. There's this whole system

7:25

of princesses and who gets to be

7:27

a princess. Behind the scenes

7:31

stuff, there's all kinds of things of how

7:33

they're paid and how they're picked and how they're

7:35

managed. I've heard a lot of griping

7:37

from Disney. The ones that are in the outfits that are

7:39

hot. It's

7:42

actually, I was like, wow, that sounds like a

7:44

shitty job. Even though you want to be the

7:46

top, you want to be like Elsa or

7:49

Anna or Ariel or something like

7:51

that. At the same time, my

7:53

daughter just went to a event

7:55

where there were Disney princesses signing

7:57

cards and was thrilled with it. You

8:00

think? so? They should be immunized. I mean,

8:02

just in general, the day. With corporate

8:04

profits touching record every year, there's going

8:07

to be a revolt on several different

8:09

levels. Whether it's whether it's young people

8:11

getting upset at a variety of things

8:14

or people trying to unionize, the question

8:16

I would have is okay. so the

8:18

unionize. But does that give

8:20

them any real power? Because. Is

8:23

a difficult to say. All right we don't read.

8:25

It will result in a collective bargaining agreement over

8:27

with. I would result in them just finding other

8:29

people to put on a goofy cost him. That's

8:31

right, Because everybody wants to do that job

8:33

by. It's sort of the way Holland is

8:35

today but I'll even and had a union

8:38

right So state.a take that that control diseases

8:40

because lots of people wanted do. These

8:42

shots desert cool. Also dressing up like

8:44

a president that there's a difference because

8:46

if if Merrill's to seep into your

8:49

Louis Dreyfus and him Jerry Seinfeld, I'll

8:51

join a union. and none of them.

8:53

And they all agreed to not show

8:55

up if they don't collectively bargain with

8:58

the union. The problem in those people

9:00

are difficult to find substitute for. I

9:03

don't see how you and force bargaining

9:05

power when I well we're gonna find

9:07

someone else. At thirty bucks an hour

9:09

to put to be Cinderella I'd have

9:11

to seek. Very curious as to me

9:13

as it it the media gives all

9:15

these constant headaches about all of these

9:17

places unionizing and they never do anything

9:19

Malo of work seemed around in. The

9:21

state it's didn't learn friends. World

9:23

know. The when I I I saying

9:25

is the right example is I think

9:27

something like two or three hundred Starbucks

9:30

locations have unionized and it hasn't resulted

9:32

in my understanding is one additional dollar

9:34

in terms of a collector bargains The

9:36

powers that you're talking about town gloat.

9:38

What's the point of unionizing of it

9:40

as a result in greater benefits or

9:42

greater wages So more power to them

9:44

by his deaths there needs to be.

9:47

There. Needs to be a transfer of wealth back

9:49

from tap on a labour that's about a month

9:51

And a question is what's the most efficient act

9:54

of a way of getting that was or with

9:56

the most powerful were getting a. I

9:58

think else on strike. Mine is gonna go

10:01

Yeah I mean Steve people have a lot of

10:03

at the you know it's it's not a good

10:05

look for does a be siding with his princesses

10:07

essential. It's A again the people I never I

10:09

am someone who is in one of those outfits

10:11

maybe a mickey out said are I don't know

10:13

the difference or dislike He had to worth this

10:15

many hours. It was not control. They were hot.

10:18

The parts were hot. You know you sort of

10:20

are like well that seems unfair with who gets

10:22

to decide. I know that I get it, it's

10:24

a job, his job and still there shouldn't be

10:26

some rules that are. Enforced

10:28

I guess in some fashion by

10:30

with. The people who are working right and you

10:33

shouldn't go for the lowest common and re personal

10:35

put up with it. You know that's kind

10:37

of sooner. Was a did know jerk. I was a

10:39

dozen character and across some. What? Don't.

10:41

Know, I was the bears? You? so

10:43

I'm Eleanor. You're in college and was

10:46

at the college thing, right? Don't do

10:48

that for grasshoppers of his high school.

10:50

The sweat A lot to do lawyers.

10:53

Are not real. I mean I tried out for

10:55

the football team that I was hoping to travel.

10:57

the football team and and and mortar on every

10:59

to. I got in trouble and football team putting

11:02

on a putting on a costume. there was one

11:04

hundred and seventy degrees and Urban serves him him

11:06

ahead. Wow, no sign of cows experiments. We have

11:08

to get really high. Have turned in a room

11:10

tron a costume and know that's done so many

11:13

with a rehab that only is a good luck

11:15

from Disney be warring with it's princesses. Us really

11:17

worried that nets You know there's a lot of

11:19

other workers like that, the parade, the ball and

11:22

everything else. but. You know that

11:24

people should have some strictures of how

11:26

they work ethic that says I want

11:28

to see Nelson Told some Obama union

11:30

learned about sales tax. Is actually a

11:32

baby sitting? It's I get back to work

11:34

He said get back to work on a

11:36

guy and said stumped right The new Disney

11:38

ass Anyway, and and let's go on to

11:41

something else. Speaking of billionaires, like. Nelson

11:43

touts atheism, I'm sure. Theists

11:45

Treasury Secretary Janet. Yellen says that

11:47

As or the U S opposes the

11:49

global wealth tax on billionaires. The opposition

11:51

comes as Brazil called on the G

11:53

Twenty to come up with attacks the

11:55

wealthy. You can move their wealth. The

11:57

low attacks jurisdictions Brazil along with France,

11:59

Spain, Germany and South Africa have discussed the

12:01

plan to require billionaires to pay taxes worth 2%

12:03

of their overall wealth every year. That's a lot

12:05

of money. Yellen said that

12:08

the US will not support talks on this

12:10

proposal. The US taxes citizens

12:12

on worldwide income, unlike most other countries,

12:14

which is tax-based on a person's residence.

12:17

This is a very kind of – I've had lots of discussions with

12:19

Mark Cuban and many others about it. And

12:22

it's hard to decide who's correct, even

12:24

though I kind of think the rich don't get

12:26

taxed. I do think the rich don't

12:28

get taxed enough. But it's much more complex than how

12:30

to do it because they can escape to all

12:32

kinds of places because they're so rich. Yeah,

12:34

I think in theory it makes sense, but

12:36

practically when you start talking about it, it's

12:39

first off, how do you value someone's

12:41

assets? And does

12:43

it end up being – resulting

12:45

in these non-economic or unnatural

12:48

acts? So the question is, what's the

12:50

point if you don't end up collecting

12:52

the revenue? It

12:57

ends up being fraught with all sorts of workarounds

13:00

and not getting to the point. What I

13:02

think was a more effective way to tax

13:04

the wealthy is an alternative minimum tax because

13:06

the misdirect is we're focused on – Explain

13:08

what that is for people who don't know.

13:12

Well the 25 wealthiest taxpayers in America paid somewhere

13:14

between – and they don't

13:17

know this because IRS can't accurately audit them

13:19

– paid somewhere between an effective tax rate

13:22

of 8 and 16 percent. The

13:25

myth is that rich people don't pay taxes. That's

13:27

not true. Rich people pay a lot of taxes.

13:29

So I'll use you as an example. You're a super

13:31

earner. You make a lot of money,

13:33

but it's all reported income. Super

13:35

owners that own a lot of stock or own a

13:38

lot of real estate, they're super wealthy. Art,

13:41

most of it is not reportable or doesn't

13:43

need to be reported. It can grow tax-deferred,

13:45

whereas a super earner, you get clipped 40

13:47

or probably in Washington DC, 47 percent each

13:50

year. But as an owner

13:52

of stocks, it can grow tax-deferred. In addition, if

13:54

you put it into a trust and borrow against

13:56

it, it never gets taxed. saying

14:00

he did that, right? He did one of those. And I've been

14:02

transparent about this. My effective tax rate for the last 10 years

14:04

has been 17%. That's probably

14:06

lower than the majority of the people I work with. So

14:09

what would be a more effective means

14:11

of getting wealthy people or owners, not

14:13

earners, but super owners to pay their

14:15

fair share would be an alternative minimum

14:17

tax. And that would be to say,

14:19

we're not going to look at it.

14:21

It's not tax rates. It's

14:23

what is the income that's taxed. So

14:26

if you buy a plane, you get to write off 100% of

14:28

it in the first year. There's all sorts

14:30

of ways to lower your taxable

14:32

income when you're wealthy. You

14:35

can put $10 million aside and just

14:37

say into a donor advisory fund

14:39

and say, I'm going to give this away at some point. And

14:41

you get to lower your reported income that

14:43

year. So the key would be you have

14:46

one number at the end of the year.

14:48

And if you make over a certain amount

14:50

of money, you have to at least pay

14:52

20%. So rather than

14:54

trying to revise the tax code, rather than this

14:56

argument about wealth tax, which would not work, you

14:58

pass an alternative minimum tax as we did with

15:00

corporations. Also do the same thing for corporations. Corporate

15:03

taxes haven't been this low since 1939. They used

15:05

to be 2.5% of GDP. This year, they're 1%

15:07

of GDP. We need an

15:11

alternative minimum tax for super owners and corporations.

15:13

And then you know what you could probably

15:15

do, Tara, is you could probably

15:17

lower the taxes on super earners like yourself,

15:19

because here's the myth. Where the

15:21

argument falls down and you can't get any

15:24

traction is that the

15:26

most innovative and important people in our

15:28

society are super earners. Quite frankly, they

15:30

work hard, the doctors, the lawyers, the

15:32

entrepreneurs. And this is the

15:34

thing. Their taxes should be lowered. The

15:37

super earners and the young who have

15:39

to pay current income on their earned

15:41

income and don't get tax write-offs because

15:43

they rent, they

15:45

don't buy. Who you need to go after

15:47

is the super owners and the corporations. And

15:49

the way you would do that is with

15:51

an alternative minimum tax for

15:54

corporations and super owners, the super wealthy.

15:56

Yeah. I just think when you say

15:59

tax rich, people are sort of for it,

16:01

but how to do it has really been the argument. And

16:03

I think that's the argument that

16:06

Mark was making. He said they'll go elsewhere. You end

16:08

up not wanting them, you know, one of their arguments

16:10

is they won't invest anymore if they have to do

16:12

it. You know what I mean? Which I think is

16:14

not that one. I'm not going with him. But the

16:16

idea, I think it pushes them down, but you're right.

16:18

It's the people in the middle that get sort

16:20

of screwed who make a lot of money.

16:23

Upper middle. The really, the super, look at

16:25

what happened. Whenever I see my taxes, I'm like, are you

16:27

freaking kidding me? That's right. And so it

16:29

doesn't get, and those people are super important

16:31

for innovation. You want to keep those people

16:33

motivated. And quite frankly, they're paying too much.

16:36

I mean, it's really the bottom half of

16:38

income earners pay almost nothing in

16:40

federal income tax where they get screwed is

16:43

an excise taxes, DMV taxes, property tax.

16:45

As a matter of fact, for

16:47

the middle class, everyone talks about Florida being

16:49

a low tax state. Florida is not for

16:51

middle income earners because of all the other

16:54

taxes, consumption taxes. Consumption taxes. That

16:56

they have to pay. But you could, people

16:59

would be shocked how low the tax

17:01

rates would and could be

17:03

if you taxed

17:06

everyone on their total

17:08

income, including corporations, and the mega, mega

17:11

wealthy. There's some reports saying that

17:13

the wealthiest people, the 25 wealthiest

17:15

people in America paid single digit

17:17

tax rates. And of course, Trump bragged about

17:19

that, right? Like I got out of it. You don't

17:22

want to have that attitude toward the government. I got

17:24

out of it. I beat him. That's

17:26

the sort of attitude he has. And I think

17:28

he represents a lot of people. But

17:31

more broadly, there needs to be a

17:33

really robust discussion around this because if

17:35

America were a household, it

17:38

makes $52,000 a year. It collects about $5.2 trillion in revenues through taxes.

17:43

And it spends 73 or

17:45

74,000 a year. It's got about 2, 2.2 trillion a year it's racking

17:47

up in

17:51

debt. All right, that is not a responsible household.

17:53

And it owes $350,000, $35 trillion in

17:57

debt. And because we've never missed a- payment

18:00

or a bill. We keep getting credit

18:02

card offers and we keep

18:04

accepting them so we can pretend to have

18:06

the illusion of scarcity. And we're going to

18:08

peace out when we die, but our kids

18:10

are going to inherit our credit card bill.

18:13

There needs to be a serious conversation around

18:15

tax rates, around spending.

18:17

But right now it is

18:19

so incredibly irresponsible the way

18:21

we approach taxation

18:24

and spending. Yeah. Well, people don't

18:26

like that since the beginning of our

18:28

country, they're pushing against all kinds of

18:30

taxes. Anyway, I think it's in

18:32

the DNA of our country. Speaking

18:35

of DNA of our country, Supreme Court

18:37

Justice Samuel Alito said he had no

18:40

involvement in the inverted American flag that

18:42

was flown, quote, briefly at his house

18:44

in January 2021. The photo

18:47

of the inverted flag, a symbol for Trump supporters

18:49

who believed there was a stolen election, was published

18:51

in The New York Times last week by Jody

18:53

Cantor, who's a friend of mine, a fantastic reporter.

18:55

After facing criticism, Alito blamed his wife

18:58

saying she'd placed the flags in response

19:00

to anti-Trump signs from neighbors.

19:02

I have a little more detail on this.

19:04

I've heard a number of Democratic lawmakers now

19:06

calling for Alito to accuse himself from cases

19:08

involving the 2020 presidential election and

19:11

January 6th. I think basically Martha

19:13

Ann Alito said, hold my beer

19:16

to Ginny Thomas, I guess. From

19:19

what I understand, and there was a

19:21

little more in The Times and The

19:23

Washington Post, was that there was a

19:25

beef on the cul-de-sac. Someone

19:28

had left a sign, a fuck

19:30

Trump time, I think that's what it said, had been

19:32

at a rally, left it there.

19:34

It bothered Martha Ann. She

19:37

came over, had words with, it was, I think,

19:39

a daughter of someone who lived there. And the

19:42

daughter called her the See You

19:44

Next Tuesday word. And then

19:47

she marched back to her house and put that up.

19:49

I don't know why that was her response to it.

19:51

That's kind of a big response, that

19:54

he didn't know it is, I think

19:56

he's throwing his wife under the bus. I don't, it's

19:58

just the whole thing. is

20:00

really icky, whatever it

20:02

is. And he obviously, his wife

20:04

overreacted if it was her and

20:07

then him blaming her. And, you

20:09

know, the whole thing is just

20:11

makes the Supreme Court brand look even worse than ever.

20:14

I don't know. What do you think? That's

20:16

exactly right. I mean, first off, you

20:19

know, the lesson here is whenever you

20:21

really fuck up, just go to the

20:23

blame the wife strategy. Does that story

20:25

ring true to you? No, I think there's

20:29

other things I've heard about them and that block.

20:31

I think it's just this beef on the block

20:33

and I called it the Cunt-de-Sack. It's sort of

20:35

a cool act.

20:37

It's just because I know. Thank you. It

20:40

feels like, I can't believe

20:42

he blamed his wife and didn't or

20:44

wasn't aware of her proclivities, right? Like,

20:48

if your wife did something like that, you think

20:50

they wouldn't tell you like, hey, honey. Oh,

20:52

you didn't find out. They're

20:55

a household. When someone

20:57

takes your name and you take theirs, you have

20:59

collective responsibility. And one of those collective responsibilities is

21:01

when you're part of the most, what

21:03

used to be one of the most respected institutions in

21:05

the world, you don't hang the fucking American flag upside

21:07

down. And they're both guilty. And what

21:10

you said is exactly right. There

21:12

are few institutions whose brand has fallen

21:14

further faster than the Supreme Court. It

21:17

was arguably the most trusted institution, I

21:19

would argue, in the world. All of

21:21

these institutions are just getting trash. You

21:23

got Clarence Thomas giving a

21:25

lap dance to billionaires with

21:28

cases before the court. And then you

21:30

have the Alito household turning the flag

21:32

upside down. Yeah. No, wife, Ginny

21:35

Thomas, was actually directly involved. I mean, it's

21:37

crazy. She was directly involved. This woman just

21:39

seems like she'd had a, she got mad, drank

21:41

a bottle of wine and decided to put up.

21:43

That is exactly what I think happened. Like, wine

21:45

was involved here. Wine was involved

21:48

here. It just feels like- I don't know.

21:51

I think the best punishment for these guys,

21:53

I think all justices should have to live

21:55

together. I want to see Sotomayor

21:58

and who's the The God

22:00

is, I serve the kingdom of God, lady, the

22:02

new one. Yeah. Oh, Amy.

22:05

Amy Coney Barrett. Amy Coney Barrett, yeah. I

22:07

would just like them to have to hang

22:10

out. Apparently, the women all get along

22:12

pretty okay. Like, that's what I understand.

22:14

Really? Although, yes, they've been

22:16

appearing together, so do my own heart. So I

22:18

think they're trying to like tamp down

22:22

the idiot men, the two idiot older

22:24

men who are, whose wives are batshit

22:26

crazy, essentially. Roberts

22:29

has got to do this. He sounds like he doesn't have any control

22:32

over them. Oh, he has a lot of control. Control. And

22:34

one of the things, I had dinner next to,

22:36

I sat next to Elena Kagan, and she was

22:39

telling me all these things they go to in

22:41

order not to have conflicts of interest. It was

22:43

a really interesting discussion, and she took her job

22:45

seriously. You don't see her like,

22:47

you know, when I get it, if you're the

22:49

wife of someone like a Supreme Court justice, that

22:51

you don't get to be who you are, you

22:53

don't get to fly your flag upside down. Well,

22:56

too fucking bad. Sorry them then. That's my

22:58

feeling. You have to sort of,

23:00

you have to toe the line with your

23:02

spouse and rise to a different level. You

23:05

don't get to just do any, like create

23:07

an insurrection or fly a flag upside down.

23:09

I mean, again, but he blamed his wife.

23:11

What a loser. What a loser. I'm sorry.

23:14

Yeah, I don't. The whole thing, like you

23:16

said, it's yet another thing that you just

23:19

roll your eyes about, the Supreme Court. I

23:21

don't know. I like the idea of wine

23:23

being involved, though. I think that's

23:25

right. That just, she called me a

23:28

cunt. But what's the same thing,

23:30

though? I want to meet the woman who called in

23:32

that name. I just want to meet you. Well, go

23:34

through the thought process. What's the thinking of, I'm really

23:36

pissed off at my neighbor. So

23:39

I'm going to hang the flag upside

23:41

down and I'm married to a Supreme

23:43

Court justice. That's why I telling you wine

23:45

was involved because it's like, I'll show them. Oh,

23:48

no, I can't do that. It

23:50

sounds more like crystal meth was involved. I don't

23:52

know. It just makes no sense. It makes, I, who knows?

23:55

There's a young woman who had a fuck Trump sign

23:57

that I want to meet and buy a dollar. bottle

24:00

of wine for. Anyway, let's

24:02

get to our first big story. Dow

24:08

is marking a major milestone passing 40,000 points

24:11

last week for the first time ever, and

24:13

that's not just the Dow, the S&P 500,

24:15

the NASDAQ also hit all-time highs last Wednesday.

24:17

The good news from the markets was triggered

24:19

by new data showing annual inflation easing after

24:21

three consecutive months of higher than expected reports.

24:24

But is this a big deal? Still, people do

24:26

pay attention to the stock market. Certainly, the business

24:28

press does. Is it a

24:31

psychological? Is it frothiness? You mentioned,

24:33

and I've mentioned the meme stocks

24:35

in the last few weeks. Game

24:37

stock and AMC were two meme stocks that had

24:39

a comeback, causing last Monday up 74% and

24:43

78%. They took a tumble by

24:45

the end of the week. It was a very

24:47

short-lived meme situation compared to before. So give us

24:49

your, what advice would you give an investor right

24:51

now? Because it's confusing and people, a lot of

24:53

people feel badly about the economy, but a lot

24:55

of people are making money in the stock market,

24:57

at least 60% of the people who own stocks. In general, I

24:59

think these

25:02

indices are really damaging for society because they

25:04

create a false flag and a

25:06

misdirect that the economy and people are doing

25:08

really well. Because 10% of America, some people

25:10

think it's closer to 1% own 80 to

25:12

90% of the stocks. So

25:14

the Dow isn't a statement on the health of the

25:17

economy. It's a statement, it's basically an index for how

25:19

well the rich are doing. And spoiler alert, the rich

25:21

are killing it. So what's

25:23

happened here? Essentially,

25:25

when that yield curve goes inverted, or the 10-year, I

25:27

think it's below the one-year, it always predicts a recession.

25:30

So people thought there was going to be a recession

25:32

in 2023. It didn't happen.

25:34

And then what they were also

25:36

not expecting is that earnings

25:38

have, there's been earnings surprises to the

25:40

upside like crazy across corporations. They've been

25:42

cutting costs. They've been using AI to

25:45

go asymptomatic and layoff people, the consumer

25:47

strong. And you've had a series of

25:49

earnings beats and everyone is thrown in

25:51

the towel. And this not only cares as

25:53

a US thing, markets in

25:55

Brazil, India, Canada, Japan are

25:57

all touching new highs. This

26:00

is a global phenomena, but

26:02

it gives people the impression that the

26:04

real economy is, or real

26:07

people, whatever you want to call it, Main Street

26:09

is doing really well. And what the myth that's

26:11

fomented about around with young people that everyone

26:14

has fallen into the trap of is the following. You

26:17

have two stages in your life. You

26:19

have the investment stage. So everyone on

26:21

this podcast right now is in the

26:23

investment stage. We're all working hard to

26:26

try and make money and then spend less than we

26:28

can make such that we're in the investment stage of

26:30

our life. When you turn

26:33

65 and you slow down, you start

26:35

harvesting. You start selling your assets. You're

26:38

either an investor or a harvester. When

26:40

the markets are high, the incumbents

26:42

and old people like in corporations

26:44

like to convince young people that

26:47

this is good for everybody. No it's not. When

26:50

you're an investor, when you're from the age of 22 to 65, you want

26:52

the markets to crash. The

26:55

reason I get to live the life

26:57

I live is because in 2008, we let the markets crash.

27:01

And I got to buy, as I was coming into my

27:03

prime income earning years, I got to buy Netflix, Apple

27:06

and Amazon for 12 bucks, 10 bucks and 8

27:08

bucks. And now Netflix is at $620 a

27:10

share. But

27:12

where does Joey and Taylor in their 20s and

27:14

early 30s on this call- These are producers of

27:17

ours. Yeah. Lara just wrote, did he

27:19

just call me old? No Lara, you've missed all the

27:21

books. Lara, Lara's in the investor stage.

27:23

Investor stage. Where do they find value?

27:25

Because we've decided rather than letting prices

27:28

go down by convincing everyone, oh,

27:30

new highs are good. We're going to

27:32

use their credit card to juice the

27:34

markets and keep prices high. Markets

27:38

hitting new highs every day

27:40

off of absolutely irresponsible, debt

27:42

inspired stimulus and frothiness does

27:44

nothing but transfer wealth from

27:46

the investors, young people to

27:48

the old people, yours truly,

27:50

the harvester. So in a

27:52

weird way- Yeah, this is a big theme

27:54

for you, this idea of taking from the young to feed the

27:57

old. We're in the, as

27:59

an owner- I'm in the club with champagne

28:01

and cocaine, and when young people say, Scott, we'd

28:03

like into the club, I'd say, I'll tell you

28:05

what, give me your credit card, I'll

28:08

charge it up inside the club and maybe I'll tell

28:10

you what it's like. That

28:12

is literally what is happening in America. If

28:15

you don't let, if you don't stop this

28:17

bullshit of living off of future people's

28:19

earnings, work in time and prosperity to

28:21

keep the markets high, which is exactly what

28:23

we're doing by cutting taxes on the

28:25

rich and the super wealthy, all

28:28

we have done is said to young people, sorry, I'm

28:30

going to rob, I'm going to pull your

28:32

prosperity forward to me. I think

28:34

it's really, I think what this theme is a really important

28:36

one because we don't, you know, everybody

28:38

sort of celebrates the stock market and

28:40

it gets this sort of performative nature.

28:43

It's almost like the basketball game I went to,

28:45

it's like, woohoo, you know, that kind of thing

28:47

that people get and it's all, you know, most

28:49

of it is indeed nonsense. Everyone

28:51

is not equally benefiting from this particular

28:54

phenomena, including not just young people,

28:56

but people who aren't in stocks who

28:58

have to pay higher prices, who will

29:00

be paying for, you know, working, having

29:03

to work longer later in their lives

29:05

because of all kinds of reasons. It's

29:09

a really, it's a real conundrum because they,

29:12

politically, it's very hard because old people vote.

29:14

Old people control the voting, the voting

29:17

votes essentially. And then young people instead of, it

29:19

was interesting because when I picked Louie up at

29:21

the airport, we had a really great discussion about all kinds

29:24

of stuff because we haven't been able to

29:27

talk quite, you know, about sort of random things as much.

29:29

And we got caught in a traffic jam and we were

29:31

talking about this idea of, he's

29:33

very angry at a lot of young people who say, I'm not going

29:35

to vote at all. And we had a great

29:37

discussion about, you know what I mean? He goes, a lot of my

29:39

friends. And he's always like, what are

29:41

you talking about? Like you're giving up the

29:43

one power you actually have, right, to

29:46

do things. And so I'm just not going to vote. And

29:48

he said it's a real trend among younger people that

29:50

he hears and he finds it really terrible.

29:54

Like I'm just going to give up on it. And I'm like, well,

29:56

you don't get to because we get to die and you get to

29:58

stay here for the rest of the rest of the. of

30:00

the show, essentially. Anyway, it's a very

30:02

important trend because it's politically, it's very hard

30:04

to push up against any of this, for

30:06

sure. The demo in democracy

30:09

isn't working. We have old people who vote

30:11

in, really old people who keep voting, old

30:13

people more money. It would

30:15

have cost somewhere between $13 billion and $30 billion

30:17

to restore the tax credit

30:19

for children, which helps young

30:22

mothers and the children, right?

30:24

That got stripped out of the infrastructure bill. But you know

30:26

what flies right through? The $135

30:28

billion annual increase in cost of living

30:31

adjustment for social security. On an inflation

30:33

adjusted basis, a 25-year-old 40 years ago

30:35

made $85,000. Twenty

30:37

years ago, $75,000. Now they're making $50,000,

30:40

but oh, guess what? Housing and education

30:42

are up four and seven fold, respectively.

30:44

So they're making less money, everything's more expensive, and

30:47

then 210 times a day, they

30:49

get a notification showing them how everyone is fucking

30:51

killing it. But them, and

30:54

they're enraged. I mean, it's literally

30:56

like we have, and welcome to

30:58

my TED talk, we have declared

31:00

war on young people,

31:02

and this

31:04

is what's so insulting. It's

31:07

in the face of unprecedented prosperity

31:09

where one company, Nvidia,

31:11

adds a quarter of a trillion dollars

31:14

in five minutes post their earnings

31:16

call. We could fix all of

31:18

these problems. Let me ask you,

31:20

Nvidia earnings are coming out this week. Any predictions?

31:22

Oh, this week? Yeah. I mean,

31:25

everything is campaign and cocaine, because every company, whether it's

31:27

Chipotle or General Motors, is

31:29

buying up every GPU in sight, thinking

31:31

that AI is going to make everything

31:35

easier, better, layoff people. But

31:39

what I would say is that a bubble

31:42

is inflating here, because I have never seen

31:44

so many people, so universally barking up the

31:46

same tree since they went into Cisco in

31:48

1999 as people going into

31:52

Nvidia. But

31:54

right now, the mushrooms,

31:56

the ketamine is still full

31:58

force, because every company in the world is thinking,

32:01

how do I get more GPUs? Because AI is

32:03

going to revolutionize my business. And there's a fear

32:05

factor here. You don't want to be the head

32:07

of PepsiCo and not assigned

32:09

a big team and a bunch of people to

32:11

try and figure out how AI is going to

32:13

change the world of drinks. Yep, that's true. It's

32:16

not probably, but maybe a little bit. Anyway, a really

32:18

interesting topic is seeing we're going to come back to

32:20

you again and again, because even though we love a

32:22

good stock market, we don't like a fake stock market.

32:25

All right, Scott, let's go on a quick break. We

32:27

come back drama at open AI again. Support

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for people to learn more. Scott,

35:29

we're back and

35:32

things are getting messy at OpenAI again. Oh

35:34

man, is this the most like telenovela

35:37

of a company? The company had other

35:39

high-profile departure, again

35:41

this week with the resignation of Jan Leike,

35:44

the head of SuperAlignment, which

35:47

is the team focused on AI safety. That's

35:49

the words, we're gonna be all SuperAligned. Leike explained his

35:52

departure in a series of social media posts saying

35:54

in part that OpenAI's safety culture

35:56

and processes have taken a backseat to

35:58

shine. products and

36:00

there's been a bunch of shoddy products they showed off

36:02

last week. Open AI, things

36:05

are not unrelated. Open

36:07

AI has dissolved that super alignment team.

36:09

The company told Bloomberg the group will be

36:11

integrated across research efforts to help achieve

36:14

safety goals. Sam

36:16

Altman put out a statement

36:18

and also did OpenAI co-founder Greg

36:20

Brockman sharing their view of the future.

36:22

They said the company has quote raised awareness of

36:25

the risks and opportunities of AGI so the world

36:27

can better prepare for it. Whether they're preparing for

36:29

it or not is a big question. There's been

36:31

at least 11 high profile exits in the last

36:33

few months. You

36:36

know this is an issue again of speed versus

36:38

safety. They have been rolling out the products because

36:40

they're deathly terrified of getting rolled over by the

36:42

big companies. I can feel it. I can

36:45

feel such a Netscape moment for them. We'll

36:47

see what will happen here but it's

36:49

definitely a company still shaking off or

36:51

dealing with these issues that they've had.

36:54

These two different types of people who

36:56

are involved in

36:58

this company which is some that think this

37:00

is a risk to humanity. Others who are

37:02

like calm the fuck down. Let's

37:04

make some stuff and we'll figure it out later.

37:08

One of the things that got a

37:10

lot of reporting was OpenAI's off-boarding agreements

37:12

that have non-disclosure and non-disparagement provisions. Not

37:15

uncommon but theirs were particularly stringent. If

37:17

a departing employee violated these provisions they

37:19

were in danger of losing all their

37:21

vested equity according to Vox. Sam Altman

37:23

confirmed in a tweet there was a

37:25

provision about potential equity cancellation for departing

37:27

employees but it was never enforced. The

37:29

company is currently changing that language. It

37:32

sounds like they're just like tough

37:34

customers on that thing. It

37:36

is further than other people do. It's

37:38

usually more talent-friendly in general

37:40

in Silicon Valley. Scott what are your

37:42

thoughts on all this? When Ilya was

37:45

part of the board that fired Sam

37:48

Altman, if you're gonna stab

37:51

the prince you better kill him. When he

37:53

came back Ilya became the information age equivalent

37:55

of Fergosian. He was dead man

37:57

walking. He just wasn't going to survive. So

38:00

no hard feelings for firing me. Come

38:02

on. Well, water under the bridge, that just

38:04

wasn't going to happen. And this is similar to meta.

38:06

The fastest way to get a severance check is to go

38:08

to work for the trust and safety team. Because

38:11

every once in a while in response to real heat,

38:13

they'll pretend to give a good goddamn and they'll create

38:15

a trust and safety team. I doubt Mark listens to

38:17

him or cares about him and then under the cover

38:19

of dark fires most of them. I

38:22

like the fact that OpenAI is becoming more like what

38:24

they really are and that is they are a for-profit

38:26

company. And they're not

38:28

pretending- Tough mothers. They're not pretending to be

38:30

anything. I'd rather them be like New Yorkers. That's

38:33

one of the reasons I love New York versus doing business

38:35

in California is they don't pretend

38:37

to be something they aren't. And

38:41

this is a for-profit companies and OpenAI

38:43

are going to be so good at

38:46

making profit. They shouldn't be trusted to

38:48

do anything else. And

38:50

the fact- Well, they were founded with

38:52

a slightly different idea, but go ahead. Yeah,

38:54

and then when they took $11 billion, those people

38:57

wanted their money back. So,

38:59

they should have never taken their money. But

39:02

the one compensatory thing here is that

39:04

any group of people that decides to

39:06

call themselves super alignment should be fired.

39:09

That is- I thought you'd

39:11

like that. Those people should endure a certain

39:13

amount of ridicule and pain. Well, AI is

39:16

going to kill us, Scott. It's

39:18

a really interesting thing because these people are

39:20

... There's a group over anotropic. They're much

39:22

more concerned in that regard and I think they

39:24

have a right to be. Absolutely. Listen,

39:27

I've always been a safety ... Like, why

39:29

are you not paying attention to any bit

39:31

of safety from the very get-go? And so,

39:33

I would naturally be affiliated with the super

39:35

alignment people. At the same time, for them

39:38

to think this is anything other than a

39:40

for-profit institution is kind of ...

39:43

Well, then go on a board, go

39:46

to Stanford and become a high profile naysayer

39:48

of these things or write a book like

39:50

Burn Book, right? Because

39:52

they're inside these companies, I think, because of

39:54

the amount of money here, there's

39:57

just no way people aren't going to be aligned around

39:59

the money making. And some people are

40:01

like, oh, you like Sam Altman? And I

40:03

said, yes, but he's a tough motherfucker. I was like,

40:05

are you kidding? He's so aggressive. He's so much like

40:08

all the people he... He's

40:10

just like... He's not like Elon because Elon's

40:12

a toxic piece of shit sometimes, most of

40:14

the time. I don't consider

40:16

Sam like that, but he is interested in not

40:18

having this company die. He

40:21

is interested in making it the most

40:23

dominant company. I have no question he's

40:26

hyper aggressive and just as feral as

40:28

the rest of them. And so

40:31

they're going to have these things because what

40:33

they want to do is pretend that they

40:35

care about the safety stuff, which they do

40:37

peripherally more than other people, I guess. They

40:40

bring it up more, but they just

40:42

don't care about that issue. And they're not going

40:45

to be around to see the machines

40:47

eating us alive or something like that. You

40:49

know what I mean? Like it's... It's

40:52

not their job. Well, but see, this is the problem. This

40:54

birth was like... It was like two... It

40:57

was like a hippy parent and a non-hippy

41:00

parent, right? And they're fighting

41:02

forever. This group of people

41:04

are fighting forever. And so they are never going

41:06

to be... This whole company isn't going to be

41:08

in alignment. It started out out of alignment. And

41:11

they're never going to... I know that I'm using

41:13

a term about the idea of making sure it's

41:15

safe, but they will never... This company

41:17

will never... It might be what kills

41:19

them, right? It might be what kills them because

41:21

they're going to get unusual... It's like Google

41:24

is saying, don't be evil. That was just

41:26

one big mistake. Like, why did they do

41:28

that, right? Because they're evil. It's not evil.

41:30

That's too far. But you know what

41:33

I mean? That whole cosplaying about being heroic

41:35

has always been a problem for

41:37

these... That's not... These companies

41:39

always figure out... They're like, okay, unless we're

41:41

already our beneficiaries, let's be honest folks, we

41:43

all want our own big home. We

41:46

all want to take care of our kids. We all want a

41:48

broader selection set of mates than we deserve. So

41:50

let's stop. Let's stop pretending. Where

41:53

it's dangerous is that we keep thinking that

41:56

Sam Altman is actually a better generation

41:59

of leader. and we don't need to be as

42:01

worried about AI because Sam's in charge, and he'll speak

42:03

in hush-tons and say how concerned he is. And

42:06

what it does is it dampens the urgency and

42:08

the need to elect people who can craft legislation

42:10

to regulate these guys. That's right. It's not Sam's

42:12

job to do this. That's exactly right. His...

42:15

No. Sam is doing his job.

42:17

He's firing people who get in the way of

42:19

him making, being D... No. If

42:22

Sam were to lose to

42:24

Gemini or to Llama or

42:26

whatever, or XAI,

42:29

they wouldn't say, yeah, but he was more ethical

42:31

and more concerned. And we love him

42:34

for that. He's not going to get a statue for that. Let's

42:36

just say, there has to be ethical things. If you're

42:38

working for this kind... Like, it's working for talent

42:41

here. You're going to make defense department stuff.

42:43

Don't work there. Like that, you

42:45

know. Or, you know, the Google employees, that's different

42:47

because Google sort of gave them an in to

42:49

complain because they were like, we're better than this,

42:51

but they're really not better than this, right? So

42:54

I think when you sort of, you

42:56

know, you have a performative nature

42:58

of being heroic, you're going to be slapped

43:01

later because you're going to let people down, period. And

43:04

it's going to be very clear. And again,

43:06

the reason my first line of my book

43:08

was, and so it was capitalism after all,

43:10

sticks. That's what it is. That's

43:12

what's happening here. And I think you all

43:14

should go off and form a group of people

43:16

that scares the fucking bejesus out of the

43:18

potential. And you go up to Congress and you

43:21

march in those offices and you explain to them

43:23

why they need to make legislation. That's

43:25

what you need to do. I think when people all

43:27

backed, Sam, a lot of people are like, oh, they

43:29

love them. I'm like, no, they love the money and

43:31

they want to make money here. And they, you

43:34

know, and they want to make... They want to be... Not

43:36

just make money. They want to be at the coolest company making

43:39

this shit because it's cool. They want to be at the winning company

43:41

that makes them rich. Yeah. And

43:43

also, it's the coolest company, right? That's more

43:45

than that. More than that. We'll see what

43:48

happens. I thought Jan's... I

43:51

thought his series of tweets was interesting, but

43:53

it doesn't really... I'm sorry,

43:55

Jan. Okay, Scott, one more quick break. We'll

43:57

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47:06

Scott, let's hear some wins and fails. You go

47:08

first. So

47:11

my win is the Simpsons,

47:13

which I think is in its 35th or its 36th season,

47:15

and there's this wonderful

47:19

article in CNN, The Write-Up, and

47:21

I want to get the writer's

47:23

name first. His name is Scotty

47:27

Andrew, and I'll just read from

47:29

his kind of his

47:32

overview or paragraph. Viewers have followed the buffoonish

47:34

Homer, devoted Marge, mischievous bard, socially conscious Lisa,

47:36

observant Maggie, and there are hundreds of eccentric

47:39

neighbors for more than 30 years. There have

47:41

been hundreds of couch gags, celebrity guest stars,

47:44

strangling incidents that have inspired a cultist obsession

47:46

among the protective fans. It birthed a 2007

47:48

film that made over half

47:50

a billion dollars worldwide and rides it to Universal

47:52

theme parks. Oh, and it's popularized

47:54

the now booming sub-genre

47:57

of adult animated comedy. But

47:59

The Trick... The keeping the Simpsons relevant

48:01

an exciting. All these years later someone said

48:03

as to keep the shows tremendous legacy out

48:06

of the mind as much as possible. I

48:08

thought this was fascinating an A learning and

48:10

it isn't it as being a wonderful show

48:13

that's been iconic and they now have riders

48:15

who were five when this hunter first or

48:17

were even born when I saw their first

48:19

ah Simpsons and I thought of this into

48:22

setting innovation they try to. oh it's. Ah,

48:25

the first season mindset and they

48:27

try to do new stars and

48:29

and not simply too much on

48:32

our legacy. But when you think

48:34

about how kind of courageous the

48:36

show was irreverent the show was

48:38

announce other shows whether it's. You

48:41

know the family guy or or you

48:43

know Rick and Morty did take everything

48:45

sooner level. They really inspired as John

48:47

Ross and I like how on afraid

48:49

they are how talented they are. And

48:52

I think of credit a ton of

48:54

economics I have a lot of to

48:56

of on industry bed I watched home

48:58

with my son. We literally spent two

49:00

years watching every episode of the Simpsons

49:03

and I to enters my when as

49:05

the Simpson sending Adidas and then credible

49:07

Plan media over years and years of

49:09

quality enough. And they always

49:11

reinvent themselves. And they just did an episode about

49:13

a guy in the bar who was sort of

49:16

the side character about his funeral. In this guys

49:18

get together and decided they like each other even

49:20

when I'm not drunk in a bar and they

49:22

find out more about the sky they do. It

49:25

isn't really touch on very meaningful things. And

49:28

then my sale is something I've just been thinking

49:30

about and I'm curious if you see the same

49:32

sang bed. I saw

49:34

that ratted distracted second deal to sell

49:36

it's data a pop twelve percent yesterday

49:39

because they just announced that they're going

49:41

to sell Daves Sector second deal to

49:43

use their data to be crowd by

49:45

open A I in addition to their

49:47

have a deal a Gemini and so

49:49

everyone's her excited about the prospect of

49:51

them using their data as input for

49:54

this L A Lamps. I started thinking

49:56

about it. and i'm

49:58

worried that yeah If we're going

50:00

to end up with four or five essentially

50:02

mega sources of information that inform everything we

50:04

do, inform all our media, all our history

50:07

papers in high school, the way we interact with

50:10

each other that helps us write our memos, I

50:12

thought, okay, generally speaking, when,

50:14

and I know you feel this way, when

50:16

I meet people out in the wild, they're

50:20

98% lovely. Oh, what

50:22

kind of dog is that? Oh, I

50:24

love your podcast, or can I hold the door

50:26

for you? People are just lovely. But

50:29

these LLMs aren't crawling that. These

50:31

LLMs are crawling the way people speak to each

50:33

other on Reddit. These LLMs are

50:36

crawling the way people respond in the comments

50:38

section on your Twitter feed. And

50:41

when I saw those two House of Representatives go

50:43

after each other and start insulting each other's looks,

50:46

I thought to myself, that wouldn't have

50:48

happened before social media. I agree. And

50:52

what's happened in social media is it has

50:54

normalized a level of vile, uncivil,

50:57

misanthropic treatment of each other

50:59

that then jumps the shark to our

51:02

real life. I was really put

51:04

off, and some people might find

51:06

it sexist, but men are

51:09

disproportionately evaluated based on their economic

51:11

wellbeing or their economic vitality. And

51:14

I've said this before, if you were to say to a

51:16

man, you are such a fucking idiot that I don't think

51:18

you're going to be able to provide for your children, that

51:20

would cut to his core. You

51:22

would never say that. Women

51:25

are unfairly evaluated based on their

51:27

aesthetics. I'm

51:29

not talking about what should be, I'm talking about what is. So

51:32

when two women in the greatest

51:34

deliberative body in history start insulting

51:36

each other's looks, we

51:39

have kind of jumped the shark. And I don't

51:41

think it would have happened before social media. So

51:43

my fear and my loss is if the

51:47

centers of truth or what we

51:49

believe is truth, or the centers

51:51

for what dictates the tone globally

51:53

for how we communicate with each

51:56

other, whether it's again, emails or

51:58

media or memos. whatever

52:00

it is, which people see ultimately

52:02

AI doing, and its inputs

52:05

are the way we speak to each other on Reddit.

52:07

That's really smart. That's really smart. And the input is

52:09

the way we talk to each other, the tone, the

52:11

inflection, the approach on Twitter

52:13

and Reddit. I just wish there was a

52:15

way we could crawl the way people

52:18

treat each other in the real world because I

52:20

find the two are starkly different. They can,

52:22

baby. You're right. It is shifting

52:24

over. One of the things is, one of the sad

52:26

parts is some parts of Reddit are wonderful and so

52:28

full of great information. And some parts

52:30

of Twitter are hysterical. You sort of are

52:33

like, oh, why can't we take the good

52:35

parts? All the shitty parts are what it

52:37

feels like. I agree. I did not. People

52:40

were laughing about the whole Marjorie Taylor unit and Crockett thing. I

52:42

was like, no, no, ladies. I

52:46

expect nothing from Marjorie Taylor Greene, but Crockett,

52:48

I was like, okay, shouldn't

52:50

have done it. Shouldn't have bit this

52:52

woman. This woman is a constant troll. And

52:55

to bite to that, to her low. And what she

52:57

said was rude. And maybe they should have just had

52:59

it stricken from the record or something like that, but

53:01

to engage and continue. And then the guy in the

53:03

middle, the comer, was a comer in the middle, was

53:05

like, I don't know at all. You're

53:07

talking about. And he didn't. For one

53:09

moment, I felt sorry for him because he was like, what is happening

53:11

here? Although he himself

53:13

has created more stripes than anyone else compared

53:16

to a lot of people up there. But I agree.

53:19

That's a really good one. All right. Okay.

53:21

That's really good. All right.

53:24

My fail is indeed. This young versus old thing.

53:27

Because I do, I had that moment this weekend.

53:29

Louie came back from Argentina. We had this amazing

53:32

discussion and his worries about the future. You know,

53:34

he's just 22. He's going to

53:36

graduate next year. So he's thinking about where he's

53:38

going and what he's doing. And you know, he's

53:40

always been a very helpful person, but there was

53:42

a lot of stuff. He's like, this

53:45

is, some of this sucks. Like he often

53:47

veers into that, right? Like what's happening here

53:49

sucks, this sucks. And he's not like that.

53:51

And so I was sort of like, and

53:54

he was looking for hope in the future and

53:56

the future he's going to build, right? And

53:58

then I was talking to my mom and she was going on

54:00

about like politics again. She's watched too much Fox News 100%. But one

54:02

of the things I said

54:05

to her, I said, the future is not about you anymore,

54:08

at all. So why are you paying attention to this?

54:10

Why do you have an opinion about this? Why are

54:12

you going to decide all this stuff? And I, and

54:14

she's like, she goes like, well, I can have a

54:16

right to it. I said, Yeah, but you don't, you're

54:18

not going to be here. I said, Louie should decide

54:20

the future. And she goes, should you I said, I'm

54:22

going to be here 30 more years. I kind of

54:24

Yeah, I should. And so it was

54:26

a really interesting thing that made me think about

54:28

that quite a bit was like, that I don't

54:31

think my mom should or older people shouldn't have

54:33

an opinion. But you know what, this isn't about

54:36

you anymore. You're for all intents and purposes, you're

54:38

not here for what's gonna what's coming.

54:40

And so you shouldn't see the seed

54:42

the power to young people and get let

54:44

them have deal with the mess,

54:46

many of the messes you've made. And so

54:48

I think it's a really powerful message about

54:50

that, of older people

54:52

have just got to get the fuck out of the way

54:55

in a lot of ways. And it's a very, it makes

54:57

me sad to see that they just refuse to give up

55:00

on that. And my speaking

55:02

of older people on the other side,

55:04

my win is Jean Smart. Oh

55:06

my god. Now there's another person

55:08

this season like sometimes it takes

55:11

I've loved every season, but this season is

55:13

perfection, like in all the reviews, great, you

55:15

know, and it's because it's about an older

55:17

person who had a fail in her use.

55:20

This is the theme of the show. She

55:22

wants to be the late night show host

55:24

that she lost you sort of the Joan Rivers

55:26

character and she got dinged out and it's

55:28

about sort of the sexism in that industry

55:31

and comedy and she's reached the peak. And

55:33

she wants one more fucking shot on goal

55:35

and she's got it to do it right.

55:37

And that's about an older person not giving

55:39

up on a dream they had. And that

55:41

one I fully back because she has what

55:43

it takes to do it. And what an

55:45

interesting thing to give. I it's not the

55:47

season is not over yet. So I don't

55:49

know what's going to happen. But I got

55:51

to say she's Jean Smart, someone

55:53

who was just a really good, you know,

55:56

not a bass hitter for years, but you know, she was in

55:58

a lot of stuff over the years. designing women

56:00

and you know she's had a very solid

56:03

career but just hitting it fucking out of

56:05

the park in the last part of her

56:07

career is a delight to see and she

56:09

is she's doing it with a younger woman

56:12

Hannah Ein bender just

56:14

kick and she's the daughter of Lorraine

56:17

Newman people don't realize that the daughter of

56:19

Lorraine Newman which is I

56:22

just love to see it so young that is a

56:24

show about young and old making something

56:26

beautiful together and it's worth everybody your

56:28

time it's a really great

56:30

show that's my that's my so they

56:32

match together Scott they match they do match

56:35

together and just surround what you were saying

56:37

about Louie when I was 27

56:39

me and my girlfriend

56:42

borrowed eleven thousand dollars and this

56:44

isn't ages ago this is 1993

56:47

we borrowed eleven thousand dollars from her parents

56:50

I got a bonus where I was

56:53

working she got a bonus you know we did

56:55

we bought a home in San Francisco can

56:58

anyone 27 or 28 do that now? No,

57:01

no, no, not without

57:03

money without family money and we need we

57:05

need to be much more creative around solutions

57:07

like one creative solution is

57:09

that the mom gets to vote if she has

57:11

two kids she gets three votes you want to

57:14

see a transfer of wealth back to children you

57:16

need to give kids and you need to give

57:18

parents specifically the mothers because the bottom line is

57:20

when you give mom's money kids get taller and

57:22

fatter when you give dad money the whorehouse and

57:24

the bar gets gets does better that's

57:26

a bit of a reductive statement but it's largely

57:28

true if you gave the

57:30

caregivers votes on behalf of their children

57:32

it would totally change society but something

57:34

needs to happen but the older I

57:37

get that's why I mentioned hacks because there's

57:39

a young and old person working together and

57:41

that's really has to happen they have got

57:43

to stop grabbing their shit and holding it

57:45

tight and young people have to stop getting

57:47

you have to figure out a way to work with the older

57:49

people to also on them to do

57:51

so anyway old and young we

57:54

used to have an apprentice in a mentor

57:56

culture we don't seem to want to mentor

57:58

or pass anyway Might

58:00

have had your know. They

58:02

are you know on any way we want to hear some

58:04

use and it's your questions about business sector would have as

58:07

on your mind go to n Y mad. Com/did it

58:09

So the question for the shower Call

58:11

Eight Five Five Five One Pivots coming

58:13

up on our other podcasts this week.

58:16

on on the Terraces your I'm talking

58:18

to New York Times' columnists Nicholas Kristof.

58:20

It's a great conversation. I also have

58:22

later this week all about Ilan and

58:25

shout outs for the cyber truck costumes

58:27

and San Francisco's Data breakers Racing so

58:29

good and on Property markets is out

58:31

now and it's very own seed with

58:34

an episode of that game stock market

58:36

manipulation and whether Ai is becoming a

58:38

bubbles themselves as such talked about on

58:40

the show today. But is even more

58:42

indepth. Okay Scott, that's the show. Will

58:45

be back on Friday! For more to

58:47

do so as for the zebra, learn

58:49

in Missouri Marcus until a griffin earn

58:51

it are taught engineer of this episode

58:54

bus also Drew Bro's Mill scenario zoc

58:56

for was Sox meters executive producer Volume

58:58

make sure to subscribe to the shore

59:01

area was apart or thanks for listening

59:03

to prevent Premier magazine or Marks meters

59:05

discard to them over that and my

59:07

mom.com/pod for evacuate have a sweet for

59:10

another bird of all birds part and

59:12

those nurse something new hack something all

59:14

the census.