Rand Paul on The Real Cost of Intervention & Regime Change | PBD #730

Patrick Bet-David sits down with Senator Rand Paul for a wide-ranging conversation on Fauci and COVID, individual liberty, ICE and Minnesota, immigration and welfare reform, non-interventionism, Venezuela, tariffs, and why limited government still matters. ------ 👞 THE NEW FLB 1'S: https://bit.ly/4mXV9gd 🎙️ FOLLOW THE PODCAST ON SPOTIFY: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4g57zR2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4g57zR2 Ⓜ️ CONNECT ON MINNECT: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4kSVkso ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4mAWQAP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4lzQph2 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: ⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4pzLEXj⁠⁠⁠⁠⁠⁠ https://bit.ly/4pzLEXj 💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Patrick Bet-David?

  When I think about Rand Paul, I think about the tough guy, the guy that spoke on behalf of the American people.

• 0:07Speaker 01

  I think I naturally inherited the DNA, the sort of the leave me alone DNA.

• 0:12Patrick Bet-David?

  You were fearless during COVID at a time that nobody wanted to confront Fauci.

• 0:16Speaker 01

  That's why you're ignoring previous infection because it doesn't involve any of the guidelines. So it assaults our sense of justice and our sense of any kind of right or wrong to say something that's not true.

• 0:28Patrick Bet-David?

  You cannot say anything to him because you have to trust science, God forbid. If you do, you became a hero to millions of people around the world.

• 0:35Speaker 01

  But there isn't necessarily always a governmental answer.

• 0:38Patrick Bet-David?

  The way the world works is if you keep talking about what you believe in, the right people will find you and learn how to use you.

• 0:44Speaker 01

  Individualism somewhat naturally accrues to certain people. We don't necessarily need a wall. What we need is a wall around the welfare system. And so you do, you have to have rules.

• 0:55Patrick Bet-David?

  What is your opinion on what's happened with Minnesota?

• 0:57Speaker 01

  Well, we have to cooperate. The local officials have to cooperate with the national officials.

• 1:01Patrick Bet-David?

  Would that not be considered war? How would we react to it?

• 1:04Speaker 01

  I don't like war. I think war is the last resort. I'll vote to declare war when someone snatches our president, attacks us. So it is an act of war. The special interests that are more concerned with their personal welfare than the general welfare.

• 1:21Speaker 02

  Thirty seconds. Did you ever think you would make it? I feel I'm something that could take sweet victory. I know this life meant for me.

• 1:31Patrick Bet-David?

  Adam, what's your point? The future looks bright. A handshake is better than anything I ever signed, right here.

• 1:39Speaker 01

  You are a one of one. I send you right there.

• 1:41Patrick Bet-David?

  I don't think I've ever said this before.

• 1:47Patrick Bet-David?

  Senator Rand Paul, how you doing?

• 1:48Speaker 01

  Very good. Thanks for having me.

• 1:50Patrick Bet-David?

  Yeah, you know, it's funny. One of my favorite conversations of all time was with your father.

• 1:55Speaker 01

  Yeah, and I looked at that just to preview to see if you how tough you were gonna be. And I thought you were pretty fair with him, and I thought you had a good conversation.

• 2:01Patrick Bet-David?

  It was phenomenal. We were in Houston, and we went to, I don't know what it was, an office. We sat down, we talked. The stuff that he said was absolutely amazing. But how much influence did he have on you? Of course, he did. I mean, philosophy, all that stuff. But how big of an influence did he have on your life?

• 2:16Speaker 01

  You know, people always have this debate on what you become. Is it nature? Is it nurture? Kind of thing. And in my case, probably a little bit of both. I think I naturally inherited the DNA, that sort of the leave me alone DNA, you know? I don't need big brother. I can make my own decisions. Individualism somewhat naturally accrues to certain people, but I think also nurture. I mean, I was around it as a young kid. I can remember laying on the floor, the old shag rugs of 1970s, and listening to M D radio in Missoula, Montana, Idaho, you know, all these different radio stations. In those days, there wasn't the internet and podcasts, but there were, there was an under, there was sort of a network, under the, undercurrent network

• 3:01Speaker 01

  of small AM radio. And he'd do these talk radios all over the country, and I would listen to at least half of his, those, and probably lots, hundreds and hundreds of his speeches. And then I read a lot of the books that had influenced him as well.

• 3:14Patrick Bet-David?

  Yeah, you know, the one thing that was most profound thing he told me, he says, you know, he was going to listen to this economist that's talking about capitalism, or you know, and then he says, eventually I came back, I'm like, what am I doing? I'm a doctor. What do I do with this information? So he said, I went back to the guy, and I said, I'm obsessed. I can't stop consuming this information about economy, all this stuff. He says, what do I do with it? He says, the way the world works is if you keep talking about what you believe in, the right people will find you and learn how to use you. Profound. He says, don't just keep your head down, keep talking about it, right people will find you. It was fascinating. Do you remember when your dad was on Morton Downey Jr.? Do you remember that one clip? I don't even think people remember Morton Downey Jr.

• 3:56Speaker 01

  Yeah, that one's kind of hard to forget. It's sort of cringey, because you don't like to see your dad or one of your family in a And some of us don't like that sort of that content, you know, that back and forth, that yelling and stuff, but he gave what he what he could. And he talked basically about all these people wanting, you know, we don't want to let you smoke marijuana. But he said, yeah, you can eat all the doughnuts you want, right? So I mean, which is killing more people, marijuana or obesity? I think to this day, probably sugar drinks are more dangerous than marijuana.

• 4:28Patrick Bet-David?

  And by the way, you know, the guy telling him about marijuana, smoked three packs a day. And I don't know what age he died.

• 4:34Speaker 01

  He died from, I think from long cancer.

• 4:36Patrick Bet-David?

  From that. Yeah. So it's a, it's interesting. So but coming back to you, when I think about Rand Paul, I think about the the tough guy, the guy that spoke on behalf of the American people. You were fearless during COVID at a time that nobody wanted to confront Fauci. That was like the you cannot say anything to him because you have to trust science. God forbid, if you do, you became a hero to millions of people around the world. And then the more and more you look into the story, you're like, let me find out a little bit more about this guy. Is it true as a senator, you would do pro bono surgery on people's eyes while you're in the Senate?

• 5:14Speaker 01

  Yeah, I've made a couple of different trips. I went down to Guatemala and we did about 200, 250 cataract surgeries. I would go with a group from the University of Utah. And when I became interested in this, I said, well, I'll just organize my own trip. And I looked into it. There's a lot that goes into organizing. So I became part of this team from the University of Utah. And we went to Guatemala, we went to Haiti.

• 5:35Patrick Bet-David?

  Where in Guatemala? What part of Guatemala?

• 5:37Speaker 01

  It was, we were went up from Antigua, I'm trying to remember, Salama.

• 5:46Patrick Bet-David?

  Salama.

• 5:47Speaker 01

  Yeah, it was about an hour or two north of the Guatemala City and Antigua City. And it was up in the mountains. I remember because when you drive these windy mountain roads, which sometimes had precipitous drops, the way they marked places in the road where the road had fallen away was stones. So they put stones around the the arc where the road had fallen away. And you were supposed to drive around that.

• 6:09Patrick Bet-David?

  Scary as hell. I remember that. Yeah. It is scary. We went to the Tikal, you know, I don't know if you had a chance to go to Tikal there or not, one of the lost cities that have these big pyramids and the people are amazing. But yeah, it's always noble to see somebody that's doing the work and at the same time, still wanting to go out and help people out. So I want to I want to focus on a handful of things that's going on right now with current events. I want to get your thoughts on this. One with obviously, you know, what we've seen the last 30 days with Minnesota. At first, Nick Shirley's content goes viral. We've all seen it. The 42, 43 minute clip with what's going on there with, you know, insurance and clinics and billions of dollars, millions of dollars, videos, no kids are in there.

• 6:54Patrick Bet-David?

  And then, then we hear what happens with the first shooting, I believe it's on January 6th, if I'm not mistaken, January 7th with Rene Good. And then you have Alex Pretty that happens. Now that we've kind of seen everything, for the most part, we haven't had the hearing yet, we haven't done all of that. What is your impression? What is your opinion on what's happened with Minnesota?

• 7:17Speaker 01

  I think there are some things that bring all of us together. I think that even if you're a left-wing Democrat in Boston, and there's a rapist, a murderer, some guy assaulting somebody with a hammer, bad people that are in the jails that served their time, they need to be deported. Even in Boston, they're fine with that. But we have to cooperate. The local officials have to cooperate with the national officials. Some of that's happened in a lot of places, but there's been more resistance in Minneapolis than just about any place in the United States. I think it changes though, when all of a sudden the images aren't just arresting the bad guys. The images are, you know, the shooting of somebody who's filming.

• 7:57Speaker 01

  And then the explanation from DHS is, well, he assaulted these officers. And, you know, it snowed that week and so everybody's at home watching these videos. You probably saw it 100 times on TV and they're like, well, gosh, it looks like he's retreating. He's in the middle of the road filming, he's waving a car by, so he's not even obstructing traffic. They come towards him, he retreats, he retreats.

• 8:20Speaker 03

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• 9:21Speaker 01

  One of the ICE agents violently pushes a woman down. Now, while that's not something that is, you know, that you arrest the ICE agent for, it's something that I wouldn't have anybody working for me who did that. That just is unacceptable behavior. If he was in the local police department and a woman came up and said, you know, "I hate the police" or whatever, and I'm sure they were saying hateful things and I'm sure they were instigating, but to violently throw her to the ground, as they do, Petry turns to help her up and that's when they grab him from behind. At no point does he assault anybody. So it assaults our sense of justice and our sense of any kind of right or wrong to say something that's not true. He did not assault anyone. Did he use bad language?

• 10:06Speaker 01

  Did he yell slurs at them? Probably. But he did not assault anybody. And then they say he brandished a weapon. Well, that wasn't true either. And then we have Steve Miller saying, "Well, he's an assassin. He's a would-be assassin." None of these things are true. And so then people say, "Well, you're..." You know, I had this yesterday. A right-wing interviewer said, "Well, you're aiding and abetting the left." And I said, "Well, I believe that ICE has a function and I believe that ICE has to be respected, but the only way they can be respected is if they act in a just manner." So if you want ICE to continue and ICE to remove some of these bad people from our country, they have to behave and they can't tell us something that's not true. There has to be a code. There has to be a way that people are treated.

• 10:51Speaker 01

  And this was what they call a bad shooting. This was a terrible tragedy. The man never touched his weapon. The gun apparently by the video is pulled out by another one who yells gun, gun, gun. And the officers made a mistake. Does that mean the officer should go to prison? No, but it probably means they shouldn't be policemen anymore. It shouldn't be law enforcement.

• 11:11Patrick Bet-David?

  Got it.

• 11:12Speaker 01

  It's a mistake. It's a terrible tragic mistake. Um, and so I don't want to end ICE, but you have to have justice and you have to have a review. And I, I said frankly, every local police department, even if it's a good shooting in my town, a, a, a man came and shot a policeman eight times. The person riding along was a marine looking to become a policeman. He then killed the person with his bare hands. Both all justified.

• 11:37Patrick Bet-David?

  Bare hands.

• 11:38Speaker 01

  Bare hands, all justified. Took the police a year and a half to investigate it. But even a good shooting, and everybody thought that that was a justified gilling, gets investigated. And so the fact that there would be no investigation, we would just say nothing to see here. This guy's an assassin. It, it, it damages ICE worse than anything else that's being done by the left. So I, I think we have to have an independent investigation at this point.

• 12:03Patrick Bet-David?

  I, I agree. You know, I think, I think we need to do it to, to see what happened there. Did you, did you follow the story about knowing the, the, the weapon that he pulled? That Alex pretty had the sick 320. You know, the hundred cases and allegations where it goes off because it's super sensitive. And then once it went off, the other ICE heard the sound and then boom, he reacted to it.

• 12:22Speaker 01

  Yeah, and I thought that's what might've happened. It may still be what had happened and that would make a lot more sense.

• 12:27Patrick Bet-David?

  Uncommended discharge is what they call it with that specific weapon.

• 12:30Speaker 01

  Accidental discharge. So as the police officers removing it, you hear a gunshot and they all fire, think it's coming from, from the person they're holding down. That would actually be a much easier to understand. It still would be a tragedy and it still wouldn't be good, but it would be easier to understand. The report from DHS that came out most recently did not mention any other discharge. And you would think the police officers there justifying their action would say, we heard a shot. And they also would be able to look at a gun. I mean, you can tell I'm not a forensics guy, but you can look at a gun and tell, I think immediately if it's been fired. And, um, so I, I, I don't know. I, I think that if that happened, that would. Sort of you would understand why they opened fire. If that didn't happen, I think they're responding to gun, gun, gun.

• 13:15Speaker 01

  He's got a gun and thinking that underneath him somehow he has a gun. Instead of that, there was a gun, you know, behind him in his waistband that actually had already been removed. I don't know. And, and like I say, there's a big difference. And I think what we don't differentiate in our country is we often think all bad, all good. This isn't all bad, all good. These are people trying to do their job. They are being assaulted, yelled at, spit upon, and it's a tough job. And I wish the people in Minnesota and the government were doing a better job cooperating. This shouldn't be happening. I have two policemen that work for me. They say in, in my small town in Kentucky, the DEA comes in, the FBI, ATF. They come in and say, we have someone who needs to be arrested in your town.

• 14:00Speaker 01

  It's like one or two of them come in. The local sheriff of the police department sends 10 people with them. And most of the work's actually done by the local people and arresting the local person with the, you know, working together. Now, my understanding is Minneapolis hasn't been allowing that. If Minneapolis were allowing that, many of these things wouldn't happen. But it did happen. And the only way you can restore confidence in ICE, some of the people have to go. They've let go of one of the commanders. That's a step forward.

• 14:27Patrick Bet-David?

  Bobovino.

• 14:28Speaker 01

  Yeah, they've sent somebody new in, homing in to look at the situation. They've promised they're going to be, I think, less confrontational. See, I don't understand why we're having these confrontations in the street, really. You know, and if you're going into someone's house, how, how sort of anybody is loitering around the streets and having these confrontations.

• 14:48Patrick Bet-David?

  Did you see the other clip of Alex Pretty, what he did in the streets like a, a week prior to that or two weeks prior to that? See, the challenge with what you're saying is, which I agree with, is on one end, he came out, he wanted to kill. He was doing this. On the other hand, he's a nice man. He would never do anything.

• 15:05Speaker 01

  It's not all one or the other.

• 15:07Patrick Bet-David?

  Yeah, I want to show you this clip. I want to show you this clip by Elizabeth Warren. So I'm sure you've seen this. She's narrating it while you see him in the background.

• 15:15Speaker 05

  Caring for people was at the core of who he was. He was incapable of causing harm. Alex carried patience, compassion and calm as a steady light within him.

• 15:30Speaker 05

  Even at the very end, that light was there. I recognized his familiar stillness and signature calm composure.

• 15:40Patrick Bet-David?

  So, when you, when you see these things, right? How do you react to it?

• 15:44Speaker 01

  Um, you know, when I saw the second clip that was released um, of a different day in a different situation. I think every situation has to be judged as it is. So I would have said he's guilty at the very least of vandalism. And there is a form of assault that's going on when he's kicking the car and breaking the taillight. Uh, and I was thinking, gosh, they should have arrested him that day and done it in a way where, you know, he wasn't killed but arrested. Maybe it has still been in jail and, you know, it wouldn't have happened.

• 16:12Patrick Bet-David?

  First time around.

• 16:12Speaker 01

  Yeah, the first time around.

• 16:14Patrick Bet-David?

  He would have been alive, more importantly. He could have been in jail, but alive.

• 16:17Speaker 01

  The whole thing would have been avoided. But it's, it's figuring it out and a lot of us don't realize how tough the job is of a policeman. Local policemen are doing this every day. So, local policemen have to figure out how to do it. And like I say, it gets back to the, the second instance where the local, uh, where the ICE agent is violently pushing the woman to the ground. That's not the way it, it works. And really you wouldn't be on a local police force if you were, you know, in a, on a street corner where people yelling at you and you push a woman to the ground. It, that just probably wouldn't be acceptable to be in a police department to do that. But when he kicks a, a car and breaks the headlight, he, he's now caused damage. It's vandalism. It may well be a form of assault. At that point, they would have been justified in, in arresting him. But police have to figure out how to rescue without killing them.

• 17:01Speaker 01

  And it's, it's very difficult. I'm not saying it's an easy job. Um, but it shows that he really probably wasn't an angel either, that he was a very angry man. And, um, so, but nothing justifies what happened on the latter encounter. And really, I think on the latter encounter, you, you have to figure out a way to de-escalate things. And de-escalating things is not, you know, pepper spraying everybody and bombing people with pepper spray, basically.

• 17:30Patrick Bet-David?

  How much of this could have been prevented? And I'm talking about specifically from, because when you, when you hear the stories, and I'm talking to friends, so some of the guys are like, I cannot believe this, Pat. How can you defend this? What is this about cooperating? This should have never done this. This guy should be with his family right now. He's a good guy. And then you hear the other argument. Why, why is the state not cooperating? All they have to do is cooperate for this to be prevented. When Obama was deporting the millions of people, how come the news wasn't as bad? Well, maybe because the local cities and states were cooperating with them by giving the report and they weren't. So to the average person, how, how would you unpack that message that they're not cooperating with DC?

• 18:08Speaker 01

  Some of that I want to get to the bottom of because I don't think I know because I'm hearing evidence on both sides. So I hear from the DHS Minneapolis is sanctuary city and they're not cooperating. But then I hear from the director of prisons there. That's what I've seen on TV saying that the one guy, this sex offender that everybody agrees is terrible is in prison. It's on a public website. They could have called us and instead they're going around breaking doors down everywhere, looking for him and he's in prison. And he has what's called a detainer. We will turn him over to ICE once he has served his sentence. And so that's what you hear from the Minneapolis people. From the other side, you hear it's sanctuary city. They're not doing. There, there has to be a truth. So like a jury, you know, I present you with both of those and you say, well, I need more information.

• 18:52Speaker 01

  So I think my job is to try to bring them in. I'm going to try to bring in not only the, the people from DHS, from ICE and others to let us know what is the policy, what is, what is an assault, what isn't an assault? What can people do? And how can we try to figure out how not to have any more deadly killings? But I also want to know, is Minneapolis cooperating or aren't they? And so we're going to have to hear from the Minneapolis people and then we're going to have to hear from the Republicans or the DHS people. Uh, give us examples of how they weren't, but also if this guy is in prison, how come you didn't know it? Did you call Minneapolis and they told you no? Or are you at such odds that you aren't talking to Minneapolis?

• 19:31Patrick Bet-David?

  But I don't know if it's not at odds because Trump will talk to anybody, right? Even Elizabeth Warren doing what she did in this video. Uh, Trump called her to say, hey, what do you think about the 10% interest rate, right? For credit cards, you know, he called, talked to Tim Walz to apparently Jacob Frye. On the call, he says the call was good, but then Frye comes out and, you know, says what he says. So there's politics also being played and then there's even some people saying that, uh, what, what story disappeared all of a sudden? The Somali daycare center no longer being talked about. So i- is this a good story that now got that to be gone? And then Tim Walz is now saying he doesn't plan on running for office at all again. He just wants to go be a good citizen and do his thing.

• 20:13Speaker 01

  I think the fraud's not over, whether it's misdirection and they're trying to steer us away from that possibly. But we're going to have a debate this week, we're having it on spending in Congress. And what I'm pointing out is something that Republicans don't want people to know. Their spending package has more refugee welfare in it. And my point is if you think they're stealing the refugee welfare, you need to not give them anymore. Until something's figured out, you gotta figure out a way. So there's $5 billion in the package again for refugee welfare. I'm gonna have an amendment that will strike that, that will remove that completely. Because, look, I'm not against refugees, but if you or your church want to sponsor refugee, you do it with your money, that's charity.

• 20:56Speaker 01

  If you're trying to take all the taxpayer money to do it for 100,000 Somalis, that's not charity. That is maybe a, a bad public policy decision frankly to do it. And so we need to look at all of this and we need to look at who's coming, who's, who's not coming. We need to have rules on our immigration, basically.

• 21:13Patrick Bet-David?

  That's common sense too, you see, it, it, how is, how is a common sense approach like that? Not landing with people, uh, on both sides, meaning when you look at who's, who takes the most, you know, entitlement programs that we have, who gets the most welfare? Who stays on it the longest, you know? Back in the days during Obama, when, remember when unemployment was past six months, 12 months? Even at one point, people were getting it for 24, oh, because I have a hard time getting a job. I have a hard time getting a job, we moved it to 90 days. Everybody got a job all of a sudden.

• 21:44Speaker 01

  Yeah, economists have studied this over and over again, if. Unemployment lasts 28 weeks. Almost everybody gets a job either between 27 weeks and 29 weeks. If unemployment is 52 weeks, everybody gets a job about 51 weeks to 53 weeks. Right around there. And here's the other thing, and this is how if you look at public policy, you see the unintended consequences of things. So they've also done this study. So you and I go in for an interview. You've been out of work for two years and I've been out of work for two months.

• 22:13Patrick Bet-David?

  Sure.

• 22:13Speaker 01

  Who do you think they hire?

• 22:15Patrick Bet-David?

  Months.

• 22:15Speaker 01

  Yeah. Because if you've been out of work two years, they think something's wrong with you. You've lost work ethic and you're not trying hard enough. Because frankly, what would always happen is, and this is what still happens, people take jobs they don't want to get by until they can get another job they like better. But if you provide them with welfare or unemployment benefits, they don't get that other job. But it also scares off the employer. And so really extending unemployment to a longer period is actually a disservice to the people you're doing it to because the longer they're out of work, the less likely anyone will ever employ them.

• 22:48Patrick Bet-David?

  That's the part though. Why give, why allow somebody to be on entitlement program for 10 years? Why allow them to get welfare for 10 years? If it's for three, six, 12 months, get a job, take care of yourself like everybody else. Some states allow that, some don't. That to me is common sense.

• 23:05Speaker 01

  You have to have guardrails around everything, you know? One of the things my dad used to say is, we don't necessarily need a wall, what we need is a wall around the welfare system. And so you do, you have to have rules. So able-bodied people shouldn't be on food stamps. So if you are able-bodied and single, if you're a 21-year-old guy, 21-year-old woman, there's no reason to be on food stamps. And in fact, when food stamps started, they were for the single mom with four kids, whoever everybody says, well, she ought to work, but what can she do? She's got four kids. And so we acknowledge we take care of some people who couldn't take care of themselves so they wouldn't starve. But a 21-year-old boy or a girl, frankly, there are jobs everywhere, particularly for men.

• 23:47Speaker 01

  Because if you can lift stuff and you have, you're physically able, there is a job for

• 23:52Patrick Bet-David?

  Sure, I agree. But with that also, that policy also did, if you're talking about the Lyndon Johnson nine 1964 when they came out with taking care of single mothers with four kids. At the time, the focus was to help the single mother with four kids. But it also inspired a lot of single women to become single mothers with four kids because they saw the benefit of relying on the government to give them income and without having to work. So it not only was it a bad policy, it produced a lot of people that were relying on the government to take care of them.

• 24:20Speaker 01

  Yeah, there was a book written a while back and it separated the population into sort of two tracks and they said, well, this, these people are at the 90 percentile as far as income and everything else. These people are at the 10 percentile. And they said, what are the differences between these two groups? And the difference was primarily education and having children before you're married. And I tell people this all the time because I think it's incredibly important, but I can't make a law. I can't tell you you can't have kids. I can't tell you, you can't have.

• 24:49Patrick Bet-David?

  Create incentives though, where, where like you create incentives to.

• 24:52Speaker 01

  Possibly, possibly.

• 24:54Patrick Bet-David?

  It was the country that said, if you're married, I don't know how many years and you have your third kid, you know.

• 24:59Speaker 01

  Hungary.

• 25:00Patrick Bet-David?

  Hungary is who, okay.

• 25:01Speaker 01

  Yeah, I'm not opposed to things like, you know, reduction in taxes. I don't think we should give you money because we don't have any money, frankly. We're 2 trillion in the hole each year. We're 38 trillion in the hole overall. So I'm not for like saying, I'll give you a thousand dollars to, to, to not have kids. They were doing the opposite in Hungary. They're giving you a thousand dollars to have kids, you know, they.

• 25:23Patrick Bet-David?

  How bad were their, how bad was the childbirth rate?

• 25:25Speaker 01

  Well, because in Europe, all of Europe's underwater, you know, and US is becoming that.

• 25:29Patrick Bet-David?

  5.58 is pretty bad in US.

• 25:31Speaker 01

  Yeah, yeah. So we're becoming that. But I think the bottom line is there are things that need to change in society and problems we have. But there isn't necessarily always a governmental answer. So for example, having kids before you're married almost inevitably, if your parents are rich, you can do it. But almost inevitably leads to a life of struggling economically and poverty. So what I would do is I would actually make that part of the curriculum, not from a moral standpoint. Not to say morally you're evil if you're having sex before you're married. I would say. These are the statistics, and in all likelihood you will be poor. So if you'll do things to try to prevent having children when you're 15, 16, 17, you have a chance. You have a much better chance of getting ahead.

• 26:14Patrick Bet-David?

  Yeah, it's a great conversation. And the thing is, we have the data to make better decisions. It's not like we don't have the data to see what produces and what doesn't. When we set out to create a shoe that blends comfort, function, and luxury, we had the choice to make it fast, we had the choice to make it cheap. We chose neither. Instead, we chose Tuscanyero. We chose true Italian craftsmanship, each pair touched by 50 skilled hands. We chose patience, spending two years perfecting every detail, and we chose the finest quality at every step. Introducing the Future Looks Bright Collection. Not rushed, not disposable, not ordinary.

• 26:59Patrick Bet-David?

  Rather intentional, luxurious, timeless.

• 27:05Speaker 03

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• 27:35Speaker 04

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• 28:09Patrick Bet-David?

  Yesterday, was it yesterday or two days ago, you and Marco Rubio had a good exchange? I think it was, was it yesterday?

• 28:14Speaker 01

  Yeah.

• 28:14Patrick Bet-David?

  Yesterday, yeah.

• 28:15Speaker 06

  It's hard for us to conceive that an operation that lasted about four and a half hours and was a law enforcement operation to capture someone we don't recognize as the head of state indicted in the United States, wanted with a $50 million bounty.

• 28:27Speaker 01

  My question would be if it only took four hours to take our president, very short, nobody dies on the other side, nobody dies on our side, it's perfect. Would it be an act of war?

• 28:37Speaker 06

  We just don't believe that this operation comes anywhere close to the constitutional definition of war.

• 28:41Speaker 01

  But would it be an act of war if someone did it to us? Nobody dies, few casualties, they're in and out, boom, it's a perfect military operation. Would that be an act of war? Of course it would be an act of war. I'm probably the most anti-war person in the Senate, and I would vote to declare war if someone invaded our country and took our president.

• 29:00Patrick Bet-David?

  And you were talking to him about Venezuela with, you know, going in and taking Maduro and, you know, if that were to happen to us, would that not be considered war? How would we react to it, right? If you don't mind, kind of take a minute and give your argument on that, because I have some questions on that.

• 29:19Speaker 01

  So we had the debate during our constitutional convention over how war should begin. Should one person have the power, the president? Or should we give that power to the legislature? And it was pretty much unanimous from Hamilton to Jefferson, we're going to give the power to initiate or declare war to Congress. That's what the Constitution says. Now, executing the war, we have a president who's the commander in chief, and really most, all of the decisions about how to execute or how to fight a war are the president's prerogative. And so we had this debate over what happened in Venezuela. They say, well, it's not a constitutional war. And we say, well, why? And their lawyers all get together and they say, well, because there weren't enough people who died. And so, so quick, they're in and out, the war's already

• 30:03Speaker 01

  over, I say we're at war. And so my question is, well, if that wasn't a war, would it be a war if a country came in, bombed DC and the US such that we couldn't respond with air defense missiles, flew in? And then took our president and then they arranged their armada up and down the east coast to blockade our east coast. Would that be an act of war? And I said, look, I'm one of the most anti-war people you'll ever meet. I don't like war. I think war is the last resort. I'll vote to declare war when someone snatches our president, attacks us. So it is an act of war. And logic doesn't work. And it's like, oh, you're saying moral equivalency to us in Maduro? No, I'm not. I think Maduro is a scoundrel. Socialism's

• 30:48Speaker 01

  bad. Authoritarian's bad. I wrote a whole book called The Case Against Socialism, against Maduro and against that Venezuelan socialism. And yet, logic is what it is. If that's not a war, then why would it be a war? Would not, you know, it would have to be not a war if someone attacked us. It's the same with the drug bust. We're like, well, you know, he's violated the laws against oil and drugs and stuff. Those are our laws. We also accuse Maduro, who is a terrible person, but we accused him of having machine guns, violating a 1934 US law. What's the dumbest thing I've ever heard? We can't arrest people from foreign countries for breaking American laws when they are not even here, breaking the

• 31:30Speaker 01

  American laws. It's just really, really dumb. But they're saying it's a drug bust because at first it's not big enough to be a real war. And then really, it's not a war, it's a drug bust. So they're trying to convince people they don't have to come to us and ask. But there are threats now, putting more troops in. If they don't behave, we've threatened to put more troops in. Do they have to ask for permission then? I think it's always better. It's what the constitution intended. And we have, on very important occasions, asked Congress. When we were attacked at Pearl Harbor, when we were attacked at 9/11, Congress was virtually unanimous. And the people were behind the effort, at least in the first decade or so of the Afghan war.

• 32:09Patrick Bet-David?

  Do you think it was the right move?

• 32:11Speaker 01

  Uh, taking out, uh, what, yeah, I would have voted for declaration of war after nine eleven.

• 32:17Patrick Bet-David?

  You would have, okay.

• 32:18Speaker 01

  And, and virtually everybody did, even, even my father voted for that at the time. Um, and I would have voted, uh, also with Pearl Harbor after we were attacked at Pearl Harbor. But I wouldn't have voted for the Iraq war. Iraq war, uh, we didn't have the same consensus. And it also misdirected us and was done under misinformation.

• 32:37Patrick Bet-David?

  Agree.

• 32:38Speaker 01

  The misinformation was that, oh, Iraq, uh, you know, is, you know, has weapons of mass destruction, is threatening to attack us, or that they're a part of nine eleven. There was actually the intimation by George W. Bush that really they were responsible for nine eleven. Uh, it just wasn't true.

• 32:54Patrick Bet-David?

  Well, we learned that twenty years later and what, three trillion dollars and how many amount of lives that, uh, you know, we lost there. But do you think, uh, would you, as a non-interventionist yourself? We haven't had a non-interventionist president since Calvin Coolidge. Thirty is whatever you want to call it, right? Would you call President Trump the first non-interventionist president since Calvin Coolidge?

• 33:17Speaker 01

  I would have. Um, you know, one of the things that attracted me to Donald Trump and, and really I, I have been close to him, you know, I, I know him well. I've known him for over a decade. He helped support my mission trip to Guatemala and to Haiti. He gave, he gave money so I could go down there. But the, um, he ran on a much different policy. I never really liked the, the Bush wing of the party. The Bush wing of the party believed that they were going to spread freedom everywhere at the point of a gun and by golly, we'll make these people like freedom whether they like it or not. And it, it just doesn't work. I mean, people can get freedom and it's even probably true in Venezuela. The people who want freedom are going to have to get it even now. They still haven't got, they still have the socialist authoritarian regime still in place.

• 34:01Speaker 01

  They have to get their own freedom. They have to fight for their own freedom ultimately. But I think that, uh, the philosophy of Trump was much different. Philosophy, uh, was for less.

• 34:10Patrick Bet-David?

  First term or would he campaign for twenty four?

• 34:12Speaker 01

  Even when he campaigned for this last time, he probably mentioned thirty times on the trail how much he was against regime change. But the people around him have, have very much had. Some influence Lindsey Graham has a disproportionate amount of influence. He's around him a lot. Uh, and so does Marco Rubio and they both are believers in regime.

• 34:30Patrick Bet-David?

  The Lindsey Graham relationship is tricky. It's it's kind of a, it doesn't make sense fully Rubio does. The Lindsey Graham one is a little bit confusing, but but would you consider him? Because remember when he was getting elected the first time around? Do you want him to have access to the button because World War Three and you know, it's supposed? He's gonna start wars with everybody. Boom, comes in ISIS, all this stuff calm, relax, and then the protests start. Then COVID, we have to use it against them. Then Biden comes in. Then you got Russia, Ukraine, October 7th. Then he comes in lowering the temperature, you know, he said. He stopped eight and a half wars. I don't know what he said eight or eight and a half wars, the way he says it. Would you, would you put him down as a non-interventionist?

• 35:13Speaker 01

  No, um, but I would say that his instincts are more aligned with mine than any other Republican has been in. In my lifetime, really. So I, I want to compliment that. I don't want to disparage that. Is he exactly where I am as far as a philosophy of non-intervention? You know, my philosophy really would be we go to war out of defense. You know, when we're, when we're being attacked, I don't really believe in offensive war. You know, as much as I want freedom for Venezuela, as much as I want freedom for Iran. Uh, I don't really want to get involved with, with wars over there. Um, unless we were attacked, they aren't, neither one of them are a threat to our national security or in our national interest. Um, but Trump has been less, I think more, um.

• 35:56Speaker 01

  Open to the idea, well, the Western hemisphere is different. These things, this is my, the, the, the, the new Donald's.

• 36:03Patrick Bet-David?

  Monroe Doctrine, Monroe Doctrine.

• 36:05Speaker 01

  Version of the Monroe Doctrine. Oh, I don't know. I think that, um. I think that the ideas of non-intervention really apply no matter where you're thinking about in the world. They might apply less so if it's, you know, there's an army along the border of Mexico thinking about invading. I think our border is much more important, but there's nothing about Venezuela. In fact, many of the things that were argued about Venezuela frankly weren't true. I was on a program. Longo and the broadcaster said to me, oh yeah, but at least we've stopped the fentanyl. And I was like, well, you know, there's no fentanyl.

• 36:39Patrick Bet-David?

  Cocaine.

• 36:39Speaker 01

  Yeah, and even the cocaine, most of it's going to Europe or to other islands on the way.

• 36:44Patrick Bet-David?

  It's still some of it makes it here, though.

• 36:46Speaker 01

  Probably some, but even the boats we've been blowing up. These are boats with four outboard motors. They probably go about 100 miles and then they have to refuel. They're 2,000 miles from our coast. Most of these boats aren't coming to America. And we always have stopped them in the past. We have always interdicted, and we still actually do. Interdict boats even all the way down off Venezuela. But when we stop them, about one in four don't have any drugs on them. We've stopped a boat that we were suspicious of.

• 37:12Patrick Bet-David?

  So you're saying it was more of a, you know, leading, because they were building into a, I think Delta Four started working on this in August. So they've known for four months that they're going to attack to get Maduro. So you're saying this is all optics?

• 37:25Speaker 01

  Yeah, it's a ruse in a way. The whole idea that he's being, you know, it's a drug bust. That way it's not a war, so we don't have to tell Congress. So drug bust, we can do anytime we want, anywhere we want, we're justified.

• 37:37Patrick Bet-David?

  Who do you think thought about that strategy?

• 37:40Speaker 01

  Well, it's an elaborate strategy. I mean, they spent months blowing up these boats, not because they really thought they were going to do anything.

• 37:47Patrick Bet-David?

  Who do you think came up with that idea?

• 37:48Speaker 01

  Who do I think came up with it? I'm not positive exactly who came up with it.

• 37:52Patrick Bet-David?

  If you were to speculate, would it be a Rubio? Would it be a Lindsay?

• 37:55Speaker 01

  I don't know specifically who came up with the boat strategy. I guess what I can tell you is that I'm disappointed that almost nobody else in my caucus pointed out the fact or is concerned with. Are these people armed in the boats? You know, if this is a war, typically you shoot people who are armed. Occasionally, people aren't armed, get killed. But usually when you're trying to kill people who are armed, they say, oh, they're attacking us. It's a war on drugs. Their weapon is the drugs. And I say, well, not unless they're going to hit you on the head with a package of cocaine. I mean, selling drugs isn't a war. It's a terrible thing. People ought to be, you know, told how, you know, the scourge of what happens being addicted.

• 38:37Speaker 01

  But you're not being attacked with these drugs. You're making a foolish decision to. To buy their drugs and to use them. But think about this boat, think about the boat, it gets to Miami, if it ever could get to Miami, it offloads it into a U-Haul truck. Now they're going up I-95. Do we take out a grenade launcher and blow up the truck? Well, nobody would be for that. Well, why would we be for that on the open seas? It, we have always had rules on the open seas that actually mirror ours. Not exactly the same, but the rules of the Coast Guard engagement are, bullhorn, halt, we are going to board you to search, we suspect you of having drugs. If they stop, they're boarded and it proceeds. If they don't stop, they can try to disable the boat with, with shots. And that's what they usually do.

• 39:21Speaker 01

  Then they either stop or it escalates. If they shoot back at you, then you can kill them. And that escalation of force is what we've always had. And mainly because if you're out there fishing and it looks like you're in a similar boat, but you are fishing, then you say, well, come aboard, there's no drugs, you don't get killed. Here, we're not taking any of those steps. And the Coast Guard statistics say about one in four times they're wrong. But I think the, the callousness on the part really of a lot of my colleagues on my side is like, oh, we don't care, they're drug dealers. What's an allegation? You know, that's why we don't blow up a truck. You know, when we do, let's say we go into someone's house in, in DC. We have a warrant, we do all the appropriate things. Sometimes a number gets transposed with the wrong house.

• 40:06Speaker 01

  That's why we don't take a grenade launcher and just blow up the drug house. We actually, and it's, it's hard work, but the policeman actually has to knock on the door and go into the house. Because sometimes we get the wrong house and we've had tragedies in our country, getting the wrong house. But you can't just blow people up and say that that is, is in any way just or justice.

• 40:25Patrick Bet-David?

  Yeah, you, you, the, the community that's the happiest is Venezuelans. Venezuelans celebrating that he's no longer there. Even some of the, you know, TV folks who cannot stand the president coming out and saying, look, you guys know I don't like him, you guys know I don't like what he stands for, but this is a celebration for our community, et cetera, et cetera. To me, I, I, I get the Monroe Downey doctrine to take care of the Western Hemisphere and make sure we're safe. But maybe let me ask the one question that's separate. Why do you think, because I think the, the reason why I think you're a very necessary voice. Is, you know, if everybody agreed, even from the conservative side, and within the conservative side, there are in debates, then we have certain blind spots.

• 41:10Patrick Bet-David?

  And you're always the guy that kind of comes in and says, what's he saying? Oh, okay, good point. What's he saying? Okay, we should consider that. Why do you think non-interventionist presidents don't get elected? Why do you think presidents that get elected are typically the ones that are interventionist if somebody crosses the line with us?

• 41:30Speaker 01

  I think that's a, that's a really good question because I think people, and this is a generalization about the public, but I think they want things to be done. They want somebody to do something. So in some ways, Trump does something. He's been aggressive, so was President Obama, frankly, in using the executive order. He's impatient now that Congress won't do things. They want to get rid of the filibuster. They want to make it easier to do, do, do. And I guess from the non-interventionist point, what you're advocating for is sort of peace and prosperity. And people like that. They also want to do, and they're convinced that someone is evil. We must do something about this. It's the same with the economy. You know, if you look at our wealth and our prosperity

• 42:12Speaker 01

  over the last 200 years worldwide, but particularly in the US, it is just beyond belief. And yet, people can't come to grips with this. I've been on a speaking tour to colleges, and I start out with asking them, is it the best of times or the worst of times? You know, the tale of two cities, Charles Dickens, you know? Is it an age of wisdom or an age of foolishness?

• 42:32Patrick Bet-David?

  What are you hearing?

• 42:33Speaker 01

  Um, mixed, but mostly Democrats are very, very pessimistic. If they're Democrats, if they're Republicans, they're mixed. But really, nobody is as, um, as joyful or elated as they should be. The statistics, there's a group called humanprogress.org out of Cato, and they look at this kind of stuff. In 1820, at the beginning of the Industrial Revolution, 98% of people lived in abject poverty. This is defined as less than $2 a day. And they do this in constant dollars and they measure it. So when I was married in 1990, um, it had gone from 98% in absolute poverty to 33%.

• 43:13Speaker 01

  Just, just an amazing thing, but from when I was married in 1990 to today, it's less than 10%.

• 43:19Patrick Bet-David?

  Wow.

• 43:19Speaker 01

  Less than 10% of the world lives on $2 a day. The miracle of the industrial revolution, the miracle of technology is just beyond belief. How many hours it takes you to like buy a refrigerator? The average workman worked like 160 hours to buy a refrigerator in the 1950s when it was supposedly so good. They work like 10 hours or something to buy a refrigerator or less now. Electricity, you know, originally they, the candlestick makers hated Edison and they worried so much and all the candlestick makers were going out of business. And they did all go out of business, but it used to cost, I think it was a thousand working hours to have enough electricity to read at night for a year. Now it's 10 seconds of the average man's working to have a light bulb for a whole year.

• 44:04Patrick Bet-David?

  This, this gives me the vibes of future looks bright. This gives me optimism.

• 44:07Speaker 01

  Yeah, there is, there's incredible optimism, but there's whole books written on this. Steven Pinker's written a book on this, Marion Tupi, that people just can't handle good news. They want to hear bad news because, and some people say we were evolved that way. So let's say our village is doing very well, but one day out of the year, the lion comes. We talk about the lion every day after that lion eats one of our kids, eats, eats one of our wives. And so we're very fearful of the bad news, but we're not really willing to incorporate the good news so much.

• 44:37Patrick Bet-David?

  You know, it's, it's interesting on going back to the question, why don't non-interventionists become presidents, right? You know, Pat Buchanan was one of the favorites, you know, a lot of people talk about William Jennings, uh, uh, I think William Jennings Bryan back in the days. You know, he campaigned, Christian guy, good guy, I think he was a Democrat, but he campaigned on, uh, running for office. He ran three times, failed. In my company, like this week, something happened. And it's funny because even in my insurance company now, we would have somebody that would do a compliance thing or somebody would do something to us. And we'd sit there and we'd say, how do we react to this? Do we sue? Do we not sue? And to me, the non-interventionist executive will always say, what? Why would we sue? It's just noise.

• 45:23Patrick Bet-David?

  No need to do it. Then the other guy's gonna be like, if the market believes they can keep doing this to us, we have to sue. Let's make it public, right? So this is Rand Paul and this is gonna be, you know, somebody else that's-

• 45:34Speaker 01

  I, I think there is that. And just on the lawsuit thing, I always loved the Wall Street, uh, the Walmart approach. Walmart takes everybody. You, you steal from Walmart, you take something off the shelf, everybody's prosecuted.

• 45:46Patrick Bet-David?

  What do you think about that?

• 45:47Speaker 01

  Um, they fight everything and what they do is they deter lawsuits. And in some ways in business, it is good. If people, if, if people are gonna rip you off, uh, you have to push back on it. But going back to the, the non-interventionism and, you know, what sells and doesn't sell. The bigger, broader part of it, not just with foreign policy, is the idea of the message of, let's say, uh, I'm a Democrat and what do Democrats offer you for an election? They'll give you free car, free education. They'll give me some of your money if you make more money than me. We'll take some of your money and give it to me. If you have three cars, they'll give me one of your cars, that kind of stuff. So they, they're big on giving you material things. Their message is pretty easy to sell. I mean, if you're, if you're, uh, working stiff and you don't have much money and I say, I'll give you a free car, well, damn.

• 46:32Speaker 01

  Or a chicken in every pot, the Huey Long, chicken in every pot. But then along comes the other side. And the other side is somewhat non-interventionist in the economy as well as overseas. So we're the libertarians, the free market. What do I offer you? I say, look, the system of capitalism of freedom, of freedom of exchange, where I don't tell you what you can charge or what you can make and what you can sell, has created more prosperity than any other economic system in the world has created phenomenal prosperity. And I can show you over the last 200 years, what's happened in America and people are dying to get into America, which is gonna sell, which is easier sell. I think mine is a harder sell because I'm not offering you something. So inherently, the ideas of freedom, liberty and limited government, less intervention

• 47:16Speaker 01

  in the marketplace, your personal life, or e- even if it's- Your personal life, I say, well, you know, I don't think we ought to regulate what your kids can do on the internet. You regulate what your kids do on the internet. And people, oh, no, we need to intervene. And it's like, so one of the laws they passed, and I oppose this, was, we're going to tell your kid that he's 13, he cannot see gambling ads or beer on Hulu or some streaming service. And I said, well, when you turn on the broadcast TV and you watch golf, they're sponsored by FanDuel and all these companies. That's all you see is gambling. And if you watch the Super Bowl on broadcast TV, all you see is beer. But you're going to regulate the internet, and a 13 year old's gonna have to say, I'm 13, and then we're gonna turn off the beer commercials and the gambling commercials. It's like, give me a break.

• 48:00Patrick Bet-David?

  Right. So there is an interventionist in Rand Paul. That's interesting. So there's an element there. Last question before we wrap up. I know we got a hard out.

• 48:09Speaker 03

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• 48:39Speaker 04

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• 49:09Patrick Bet-David?

  President Trump intervening in California for the LA fires, the wildfires, for permitting. Your thoughts?

• 49:18Speaker 01

  If the permits are federal, we should make it easier to get permitting. And, you know, I always think of what I would do, like, I saw the fire and saw how horrible the fires were, and I was like, why don't they pump seawater up into cisterns on the hills and have hills, and guarantee it's because I think the salt's gonna hurt some animal or hurt the grass.

• 49:36Patrick Bet-David?

  That's what it was, yeah.

• 49:37Speaker 01

  And it probably would, but it's like, you want your house to burn down, or you're worried about some boll weevil that runs around in the grass. So, also, like, if I had one of those 15, 20 million dollar houses in Malibu, I'd have a hose about this big, and I'd have four pumps ready for if a fire were coming to, and there were people who did, who drenched their house and the fire did skip them. But there's ways to do it. There's also management of the forest. I mean, you gotta cut some of your undergrowth, you know? And there are ways to try to manage fires, but Californians are the epitome of people who do nothing, then complain, and then want the rest of the country to pay for it. But the intersection with the federal government with us would just be, there are federal things that require permission. But this is how bad it is, I'll give you an example of how bad it is.

• 50:19Speaker 01

  We had these two bridges, twin bridges on Kentucky Lake. A tugboat hit them and knocked out the bridge. And I said, well, we should rebuild the bridges as soon as possible. Why don't we skip the permitting process, the NEPA and all the EPA stuff, where we measure how many pocketbook muscles there are, and whether the bridge is gonna, build the damn bridge. We're gonna do it anyway. Why do you waste millions of dollars and two years doing this stupid permitting process? Just skip it when you have a, an emergency and when you're gonna rebuild a bridge in the same place. Democrats voted me down, half the Republicans voted against me. I, all I wanted was an emergency exception for bridges to be rebuilt in the same place

• 51:00Speaker 01

  where they had already been approved, but when they're knocked down, you know, by calamity, and I couldn't get it passed. That's the problem with this, with this government.

• 51:08Patrick Bet-David?

  I mean, the challenge with California is 2,500 permits given so far. That's 13% of the homes that have burned. Permits are taking god knows how long. Only 10, 10 homes have been rebuilt from the fires. Imagine he's sitting there saying, if you're not gonna do it, I gotta come overlapping into Reno and expedite it.

• 51:26Speaker 01

  Well, and that's a question, and I don't know enough about the permitting process on homes to know which is state and which is federal. There are things that require federal, and they're usually across waterways, along the ocean, things like that. Building a house is probably all completely local.

• 51:41Speaker 01

  And I guess one of the ways ultimately California is punished is people just leave. I mean, they're leaving by the hundreds of thousands.

• 51:47Patrick Bet-David?

  Doesn't seem like Newsom cares though.

• 51:50Speaker 01

  Yeah.

• 51:50Patrick Bet-David?

  Doesn't seem like it bothers them.

• 51:51Speaker 01

  Well, and the thing is, is they're going, you know, Sweden finally learned their lesson when Sweden imposed a wealth tax. So not a tax on your income, but a tax on how much you have had and saved. And all of the rich people left. Bjorn Borg left, the founder of IKEA left. They all left and Sweden finally said, well, will you come back? And they got rid of the wealth tax. California is now entertaining this wealth tax and it's a terrible idea. And I can't imagine any rich people will remain in California, but the rich people pay a lot of taxes. This is the whole mantra of the left, which is absolutely a lie. Rich people are not paying their fair share. It's actually the opposite. Rich people pay all the taxes. And yeah, I said this once on the view and I don't recommend going on the view.

• 52:35Speaker 01

  I said, I said, you realize people making $50,000 or less don't pay any income tax. I'm like, no, no, you're, you're lying. And it's like, no, husband and wife, two kids, the deduction's 12,500 times four is 50,000. If you make $50,000 a year, husband and wife, and you have two kids, you don't pay income tax. But you know who pays the income tax? The top 1% pays about 40 to 50% of the income tax. That's 1%. So they're paying half of the income tax for the whole country.

• 53:02Patrick Bet-David?

  That's not popular though. If you, if you say that on CNN or MSNBC, God forbid that truth comes out.

• 53:08Speaker 01

  The top 10%, which is about 200,000 and up pays 90% of the income tax. So really the rich are paying the income tax. The other taxes are more evenly distributed. Sales tax and things like that, although rich people buy more stuff than, than poor people buy. So they're paying more in sales taxes too. Um, but the bottom line is it used to differentiate Republicans from Democrats. We always said, it's not a revenue problem. We don't need more revenue. We don't need to punish rich more. We need to cut spending. But now it's become muddled because Donald Trump has now become a big believer in, in taxes. You know, he loves tariffs, which is simply a tax. And so you have many Republicans, oh, I hate taxes and I'm not for raising taxes, except for tariffs. I'm for raising tariffs. But the problem is, is

• 53:50Speaker 01

  It's muddled the message of Republicans. We're no longer a party of low taxes. We're a party that is now bragging about, oh, we're gonna use the tariff revenue here. We're gonna give rebates here.

• 53:59Patrick Bet-David?

  It's a weapon for the president to use though, right? Because if the enemy uses it against us, I want him to have it. My concern is if Supreme Court takes that away from him, that power away from him, which he keeps bringing it up, which means they may do it. They may say no, and then we lose the revenue that we're getting.

• 54:14Speaker 01

  Well, it's not a matter of taking it away from him. The Constitution is pretty explicit. Taxes originate in the House, have to go to the Senate. It specifically even mentions duties and levies. It mentions tariffs in the Constitution, says that they are in the prerogative of the House. Even the Senate can't. We're not supposed to initiate tariffs. Only the House does, comes to the Senate, goes to the president. It is a tax. A tariff is a tax, and it never was the prerogative of the president. Now, some legislation has tried to give him that power, but what he's using is something called IEPa, which is an emergency legislation, and it doesn't mention anything about tariffs.

• 54:49Patrick Bet-David?

  You think Supreme Court is gonna rule against him?

• 54:51Speaker 01

  If they follow the law, they absolutely will rule against him.

• 54:54Patrick Bet-David?

  You gotta be kidding me.

• 54:55Speaker 01

  Yeah, because the law is explicit. And so he will try to use other reasons for how he can use tariffs. But it's also very chaotic. I mean, you know, one week he says to Canada, he says, oh, Canada, yeah, go ahead, whatever, do whatever, make a deal with China, we don't care. The next week he says, if you make a deal with China, I'm giving you 100% tariff. That's very chaotic. You see the mark.

• 55:15Patrick Bet-David?

  That's his personality.

• 55:16Speaker 01

  Well, I know, but it...

• 55:17Patrick Bet-David?

  That's his personality.

• 55:18Speaker 01

  But we didn't set up a government to be run by one person. It's back to the intervention. People kind of want an actor, but then again, do we want an actor that's acting erratically with regard to tariffs, such that the market goes down 1,000 points when he says he's gonna... Look, Canada's our biggest trading partner. There is no reason why we wouldn't, shouldn't want more trade with Canada.

• 55:38Patrick Bet-David?

  They should want, we have the best customers though, no? Like, we are the best customers. They need us more than we need them.

• 55:45Speaker 01

  Trade is mutually beneficial, and so both sides of the trade. There is no, you know, and this is the thing that is a fallacy that Trump doesn't get. Trade isn't, China doesn't rip us off. We only trade with people because we get a benefit. And so if I want to sell you this water, and it's $2, you have to want my water more than you want your $2. And I want your $2 more than the water. We actually both have to mutually benefit, or it doesn't encounter.

• 56:11Patrick Bet-David?

  Somebody is more important.

• 56:12Speaker 01

  Say again?

• 56:13Patrick Bet-David?

  Somebody is, if you have a product to get into Walmart...

• 56:17Patrick Bet-David?

  With a ton of customers and you're selling shoes or you're selling a jacket, Walmart wants your business, but you want to be in Walmart more than Walmart needs you.

• 56:25Speaker 01

  They're both the same. It's always, it's always equal because all trades have to be mutually beneficial. Walmart has to believe what they sold you that they made money and they have to measure it for their stockholders.

• 56:36Patrick Bet-David?

  The bigger opportunity lies with getting into Walmart because damn, there's 50 people that have your product. I'm giving you the opportunity, right?

• 56:43Speaker 01

  Well, the thing is, is the opportunity and the reason Walmart was successful is, is I saved money by going to Walmart versus Joe Smith's hardware store was always great to have it in a small town, but they charged 20% more than Walmart. So Walmart put them out of business. But you know what? The average Walmart shopper saves a thousand dollars a year, maybe 1,500 dollars a year because they're able to buy imported project, products from other countries.

• 57:07Patrick Bet-David?

  I would still go to the PX over Walmart, just so you know that. Anyways, I gotta get you out of here. Senator, great talking to you. This was fantastic. Appreciate your time. All the best. Take care. Bye bye. When we set out to create a shoe that blends comfort, function, and luxury, we had the choice to make it fast, we had the choice to make it cheap. We chose neither. Instead, we chose Tuscanyero. We chose true Italian craftsmanship. Each pair touched by 50 skilled hands. We chose patience, spending two years perfecting every detail, and we chose the finest quality at every step. Introducing the Future Looks Bright Collection.

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