Midterm Map Wars, AirPods Revamp, and Trump Phone Grift
65 min
•May 12, 202619 days agoSummary
Kara Swisher and Scott Galloway discuss Trump administration weaponization of the FCC against ABC News, escalating gerrymandering wars ahead of midterms, Apple's camera-equipped AirPods development, SpaceX's $55-120B chip fabrication plan, and ongoing Trump phone pre-order fraud collecting $60M from supporters.
Insights
- FCC under Trump leadership is being used as a political weapon against media outlets rather than functioning as an independent regulatory body, setting dangerous precedent for government agency weaponization
- Republican gerrymandering has become so extreme it's creating unnatural districts that look 'grotesque,' while Democrats face moral dilemma between fighting fire with fire or maintaining ethical high ground
- Age and cognitive decline in leadership (Biden, Trump, Supreme Court justices) is a structural crisis requiring mandatory age limits and term limits, not just individual accountability
- Apple's hardware excellence is being undermined by Siri's failure as an AI assistant, creating opportunity for competitors like Google or OpenAI to become Apple's default AI layer
- Elon Musk's chip fabrication ambitions signal that vertical integration and supply chain control are now existential for tech companies competing in AI era
Trends
Government agencies being weaponized for political purposes rather than serving regulatory functionExtreme partisan gerrymandering reaching breaking point where districts become indefensible and may trigger voter backlashAge-gating and term limits emerging as critical structural reforms needed across judiciary, executive, and corporate leadershipAI assistant quality becoming primary differentiator for hardware platforms, creating licensing opportunities for AI companiesVertical integration of chip manufacturing becoming strategic necessity for AI-focused companies to ensure supply chain independenceTech executives facing international criminal prosecution while US regulatory environment remains captured by industryConspiracy theory adoption accelerating across political spectrum due to social media and AI-generated content erosion of trustWealth concentration and income inequality driving municipal-level wealth taxes on second homes and high-net-worth individualsCapital flight from expensive coastal cities (NYC, SF) to lower-tax jurisdictions (Texas, Florida) accelerating post-pandemicEuropean skepticism of US tech dominance growing, viewing Big Tech as colonial extraction rather than innovation
Topics
FCC Weaponization Against MediaGerrymandering and Electoral MapsAge Limits for Political LeadershipSupreme Court Term LimitsCognitive Decline in Aging LeadersApple AirPods Camera TechnologySiri AI Assistant FailuresSpaceX Chip Fabrication (TeraFab)Vertical Integration in TechTrump Phone Pre-Order FraudTrump Media Financial LossesWealth Taxes on Second HomesCapital Flight from Blue CitiesRussian Cyberattacks on ElectionsBig Tech Accountability and Prosecution
Companies
Apple
Developing AirPods with embedded cameras for AI features; Siri AI assistant criticized as one of worst tech products ...
SpaceX
Planning $55-120B chip fabrication facility (TeraFab) in Texas to produce AI chips for SpaceX and Tesla, seeking tax ...
Tesla
Will benefit from SpaceX's TeraFab chip manufacturing facility for AI applications
ABC News
Targeted by FCC under Trump administration for alleged equal time violations on The View; pushing back against govern...
Disney
Parent company of ABC News; CEO Josh Demaro received FCC letter accusing agency of weaponization and censorship campaign
Fox News
Has allegedly violated equal time rules for 25 consecutive years but not targeted by FCC, highlighting selective enfo...
Meta
Ray-Ban glasses product mentioned as competitor in AI wearable race; sales described as 'just okay'
Google
Mentioned as potential competitor in AI wearable space; previously worked on contact lens display technology
X (formerly Twitter)
Under investigation by French prosecutors for child pornography and sexualized deepfakes; CEO Linda Yaccarino summoned
Trump Media
Posted $406M net loss with under $1M revenue, driven by unrealized crypto losses; example of Trump venture failures
JP Morgan
Reduced NYC employees from 30,000 to 20,000 in last decade due to high business costs; expanded Texas operations
TSMC
World's most advanced chipmaker with $65B fabrication plan; Elon attempting to out-scale with TeraFab
Anthropic
AI company gaining credibility as potential replacement for Siri; David Sacks reversed criticism after company proved...
Harvey AI
AI operating system for legal work; trusted by 60% of AM Law 100 and Fortune 500 legal teams
Retool
Low-code platform for building custom internal tools without weeks of waiting on engineering backlogs
NetSuite
Cloud ERP system with AI connector for business data analysis; trusted by 43,000+ businesses
CoreWeave
Cloud infrastructure provider powering AI workloads for major AI companies and research applications
People
Kara Swisher
Co-host discussing Trump administration media attacks, gerrymandering, and tech industry accountability
Scott Galloway
Co-host analyzing structural reforms needed for age limits, term limits, and de-gerrymandering the US
Anna Gomez
Lone Democratic FCC commissioner accusing Trump administration of weaponizing FCC against ABC News
Brendan Carr
Leading FCC weaponization against media; criticized for public statements damaging to government independence
Josh Demaro
Received FCC letter from Commissioner Gomez regarding censorship campaign against ABC News
James Tellerico
Appeared on The View; FCC investigating whether show violated equal time rules
Nigel Farage
UK Reform Movement gaining power; described as 'nefarious figure' and Putin-adjacent by Swisher
Keir Starmer
UK Labour PM facing multi-party system fragmentation and potential loss to Nigel Farage's Reform movement
Elon Musk
Planning $55-120B TeraFab chip fabrication facility; described as 'big thinker' but with mixed track record
Linda Yaccarino
Summoned by French prosecutors to face charges related to child pornography and deepfakes on X platform
Ken Griffin
NYC billionaire targeted by Mayor Adams' doxing campaign over second home wealth tax; had $6.5B Manhattan project
Eric Adams
Proposed Piedmont wealth tax on second homes over $5M; criticized for doxing Ken Griffin as 'class warfare'
Patrick Radden Keefe
Guest on Kara's show discussing new book 'London Falling' about mysterious death of fake Russian oligarch's son
Skylar Diggins
Mentioned as co-host of 'And Mom' podcast launching May 14th
Cassidy Hubberth
Co-host of 'And Mom' podcast with Skylar Diggins launching May 14th
Steve Bannon
Described as 'very effective' and focused on 80 key districts for potential Marshall Law implementation
Chelsea Handler
Performed at Kevin Hart roast; called out MAGA comedians for Saudi Comedy Festival attendance
Tony Hinchcliffe
Criticized by Chelsea Handler at Kevin Hart roast for MAGA-adjacent comedy
Joe Rogan
Mentioned in Chelsea Handler's roast jokes about MAGA comedians
Tim Cook
Mentioned as potential recipient of AI licensing deal to replace Siri with better AI assistant
Tina Brown
Hosted Kara Swisher in London; connected to Nordic media days where Pivot is popular
Quotes
"Trump has the power to rig the maps, but he doesn't have the power to get his approval rating higher."
Democratic strategist (cited by Galloway)•Redistricting segment
"A lot of the world's problems right now can be reverse engineered to old men who won't fucking leave."
Scott Galloway•Age limits discussion
"Siri is probably one of the worst tech products over the last 10 years. It really is."
Kara Swisher•AirPods segment
"We celebrate success. Now, do we need to redistribute income to the middle class? Absolutely fucking yes."
Scott Galloway•Wealth tax discussion
"If you have a second home in Manhattan, my brothers and sisters, you are doing just fine."
Scott Galloway•Piedmont tax segment
Full Transcript
Support for the show comes from Retool. Too many companies run critical operations on duct tape spreadsheets, slack workflows, and whatever else they could cobble together. Not because they want to, because building internal tools means weeks of waiting on someone else's backlog. That's where Retool comes in. Build custom internal tools just by describing what you need. Prompt something like, build me a revenue dashboard for our Salesforce data. And Retool actually built it. On your company's data in your cloud with enterprise security built in. Go to retool.com slash pivot. We all need to retool how we build software. What's up y'all? I'm Skylar Diggins, 7-time WNBA All-Star, Olympic gold medalist, and mom. And I'm Cassidy Hubberth, host and reporter for nearly 20 years, covering the biggest names and stories in sports and mom. And this is and mom. A community for athletes, game changers, and moms of all kinds. Dropping May 14th. Happy and with us. Support for this show comes from Harvey AI. The future of law is agentic. Not just tools that assist, but AI agents that navigate complex matters. That's why Harvey created agents that can do the work from end to end. They build a plan, pull from the secure data sources, run sub agents in parallel, and draft work product ready for your review. So you can delegate work and own the judgment. Just by more than 60% of the AM Law 100 and leading Fortune 500 legal teams, Harvey is an AI operating system designed specifically for legal work. Harvey, AI tailored for law. Learn more at Harvey.ai. All right, you ready? Yeah, what's your list, Mermi? Oh, stop it. It's your main show. It's the one that fuels all the others. Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Cara Swisher. And I'm Scott Galloway. So I didn't hear from you yesterday on Mother's Day, but that's okay. I know. I'm teasing. I'm teasing. Yeah, I can't even imagine the Royal Ascot wedding coronation jubilee that is Mother's Day at your house. It is. It's great. I got so many things. It was really nice. Alex, I came back from Europe yesterday and Alex was at the airport with balloons and we took a picture in which I looked like a hobbit, which was sweet. And then the littles left me the most beautiful things they did. Clara did a whole book to me, Mutter, M-U-T-T-E-R, and Saul did this beautiful Shrinky Dink, which I liked. I like a Shrinky Dink. And then decorated something and then Louise called several times. So that was really fun. I just can't imagine the operational complexity of Mother's Day in your household. Seriously. Three mothers. You got three mothers, an ex, a ceramic mug business, and somebody definitely crying in a Subaru. That's Louie. It's got to be... There's a lot of moving parts. There's a lot of mothers. Yeah. No, I have to say. And also my mother too. Oh my gosh, I forgot. Lucky. Alex wins the thing. He went and made a flower bouquet with my mother. And went out with her for lunch. He hung out with Megan, which was great, and did all kinds of things with Megan. And then he met me. And he went out with Amanda and the kids to a playground and played with the kids and helped her. And so Alex wins Mother's Day, I would have to say. That's nice. What did you do for your lovely wife? Not a lot. All I do is remind the boys to call her. Oh, wow. That's what I do. I basically, a lot of angry texts of something along the lines of, have you called the person that gave you life? Oh, nice. That kind of thing. Because men are just not that considered on their own. There's this illusion that my boys are incredibly considerate, thoughtful people in this household. And it's their prefrontal cortex walking around whose name is dad. Yeah. Yeah. Because they're younger. Yeah. Do you have a good memory of your mother for Mother's Day? Since you were so close to her. That's a nice, that's a generous question. I don't remember specific Mother's Days. I don't, yeah, I don't. I remember them when I was out of the house and when I was older, more than I remember them when I was younger. We used to do the same thing, Kara. Whenever it was anything resembling a celebration or a birthday, we used to go to this deli on Western Boulevard called Junior's Deli. Oh, yeah, of course. And get the brisket dip and my mom would get the lox eggs and onions and inevitably a waitress who had been there 20 years would just come over and talk about how much I'd grown and then we'd get Halva on the way out. Halva. Yeah. Wow. That's a nice memory. I love those. In any case, I'm back from Europe. I know you're concerned. I was in Cambridge. Oh, you're back from Norway. No, I was in England. I was in London with Tina Browns. That's right. That's great. Then I went to Norway where we're big in Norway, Scott. I have to tell you. It's good to know. Many fans of the Nordic media days. That'll get us another 10 or 12 downloads. Well, there's only 5 million people in Norway, but I got to say they're really good, but they were a really great audience. And then I was at Cambridge at university at the Cambridge Union, which was really fun. I got to stay at King's College, which is the punting boats and the beautiful lawns and the giant cathedrals and everything. It's quite a beautiful town, Cambridge. One of the things, they're so obsessed with Trump, all these countries and the danger he poses. They're all very concerned about these US companies. And the feel is, are they colonizing us backwards colonization, which is, I know a loaded word, but we're sort of extractors of their stuff. Anyway, it was really interesting to hear. I learned a lot by just hanging out with all these people from Europe. Yeah. My thesis is that London is going to boom over the next three years. And not for the right reasons, but my thesis is that there's been this enormous transfer of human and financial capital out of London into the Gulf. Even if you talk to kids who are about to graduate from college, there'll be a few of them that are planning to go to Dubai. And my thesis is that, traditionally speaking, these masters of the universe from Europe, who all migrated to Dubai, Abu Dhabi and Riyadh, that in the last several weeks, their wives have been taking their kids to school and seen an incoming projectile and went home and said, we're out of here. I think that the veil at the veneer of security and safety, more security than safety, they're still exceptionally safe places to live, has been pretty badly punctured. And I think that's going to move, have a dramatic reversal of the tides into Geneva, Milan, Madrid, and London. Oh, so I hate to say it, but beautiful, beautiful places. The same thing on the end of this happening, there's just more statistics out of San Francisco in terms of the recovery and everything else, which is interesting. Just in real estate terms, I had someone contact me to buy my house. The housing market is now on fire. I'm going to move back, which is really, it's just an interesting shift of these people. And then they complain, they complain, complain, and then they come right back. Because they are the, I don't like to pick and choose places, but I have to say, they really are the best places, these beautiful New York, San Francisco, London, Milan, they're just beautiful places to live in, full of really interesting people. I don't know, anyway, it just struck me. I've been, as I've said, for the last 30 years, I've been molesting the earth for business. And my reductive analysis of all regions, if I were to describe the world and where to live and for what reasons, America is still the best place to make money, and Europe is the best place to spend it. If you're in the making money part of your life, then you should absolutely figure out a way to get to the US or one of 20 super cities where two thirds of all economic growth will take place. It's better to be good in Shanghai than amazing in Melbourne. Actually, Australia is a pretty robust economy. But if you have the luxury of being a part of your life where you have the disposable income and flexibility, it's very hard to beat Madrid. It is a night. I was walking around thinking I could live here. Madrid, Paris, Oslo in the northern Europe in the summer. I was thinking, what does this mean, night? I mean, the south of France. Oh, maybe we'll just take a quick hop over to Capri or go check out the sites in Rome. I think the Europe is fantastic. Of course, you have to have money to do that. One of the things that though there is sort of hanging over England is this, you know, the Starmer government is in real trouble. It's going into a multi-party system and obviously the Nigel Farage group, whatever the fuck they want to restore, reform movement is really gaining power. But it's more like a fractured power, like a many-party system and if the conservatives are falling off the map, they're very worried about Nigel Farage being the prime minister, that's for sure, a lot of people. Or else creating a situation where they can't form a government because of too many different power centers. And then the Greens are also gaining, which is interesting. I am blissfully unaware of the UK politics, but I think people would have a difficult time thinking of one person that's some more damaged in the UK than Nigel Farage. I would agree. I would agree. If they pick him, boy, do they deserve what they get because this guy. I think if I were Starmer, I would be running on back sit. They should absolutely rejoin the EU. It's just a few more self-inflicted wounds than our entry into Iraq and also the UK. He is a nefarious figure and so Putin clothes and just the whole thing. Every bit of Nigel Farage is awful. I don't know where to turn in that way. Anyway, we should get to the news. This is a really interesting story. I thought, and I was paying attention to it, why the FCC's lone Democratic commissioners accusing the Trump administration of waging a, quote, sustained coordinated campaign of censorship and control against ABC. In a letter to Disney CEO Josh Demaro, Anna Gomez said the FCC under Brendan Brandecar has been weaponized to pressure a free and independent press and all media into submission. The letter comes after ABC accused the FCC of attempting to chill free speech, which it did in a petition filed last week. That filing is tied to the FCC's probe into whether the view violated equal time rules when tennis Texas Senate candidate James Tellerico went on the show earlier this year. ABC argues the view got an FCC exemption in 2002 as a bona fide news interview program, which it is. That ruling remains in effect today. As usual, Brenda has said so many things publicly that are really damning in terms of when they come to court. It's being such a suck up to the Trump administration and not an independent person he's supposed to be. He can have his opinions about things, but it has become more censorious than all the left he accuses them of and is making all man of business threats. It's interesting that Disney and ABC is pushing back rather hard under this new CEO. I suspect Iger wanted to do, but felt he couldn't at the time. Any thoughts on this? Yeah, they're learning. They have figured out that sucking Ron DeSantis and Donald Trump's cock has not paid off for them. Remember the economic warfare that DeSantis was trying to levy for political reasons? It doesn't pay to appease these guys. They do push back on DeSantis, if you recall. Remember, they played games with him for a while. Yeah, they did. They did. Well, they did not. That is correct. And now go to the legal veracity. This isn't legal ambiguity. This is a government harassment campaign with an FCC seal on it. Saying that the equal time probe or that the view violates equal time, that basically essentially means Fox and France have been violating equal time for 25 consecutive years. This is just ridiculous. Exactly. And then the lone FCC or the lone Democrat on the FCC is a woman named Anna Gomez, who essentially is yelling into a void while the institution continues to be weaponized against the press. It's not, I mean, Commissioner Gomez basically can't even dissent. It's more like a hostage note when she writes her letters of dissent. So this is nothing but, again, more weaponization of media or weaponization of our government agencies to try and squelch free speech. It's just insane when they talk about, I mean, all this bullshit that supposedly Democrats call for violence in the language they use. And Brenda is just making it worse by giving these stupid speeches with this smug little shit-eating grin that he always has on his face. And again, Brenda, I'm following you everywhere you go after you leave office and I will make sure people understand what you did constantly. This is, and I hate to say this, and it goes into our next story. Do you want to talk about gerrymandering? Yeah, we will. Yeah. I can read, I mean, for people who don't know, obviously this got big press, has redistricting wars ramp up ahead of the midterms. Democrats are facing some major setbacks. The Virginia Supreme Court just struck down a voter-approved map that could have netted the Democrats up to four house seats. It's not over yet. And we'll see it's going to go to the Supreme Court. But the Supreme Court, of course, did its business by weakening the Voter Rights Act and recent rulings setting off redistricting pushes in several southern states. Republicans could now have around 15 new winnable districts, but Trump's approval ratings are still a massive hurdle. As one Democratic strategist put it, Trump has the power to rig the maps, but he doesn't have the power to get his approval rating higher. It could slap back at them. It's really interesting. One of the long shot options reportedly tossed around in Virginia, lower the mandatory retire mage for the state Supreme Court and replace the entire bench. I think there's a bunch of things they may have to do. But what's a real shame is that now the Democrats are going to have to gerrymander their states, which is not good for any... None of this is any good to be breaking this precedent of 10 years following the census to do this. What is essentially stealing? When you look at the map in Tennessee, it's insane. People are 210 miles away from other voters, which is crazy. It's a crazy map, and it's all done to retain power, which I think they won't actually doing this. I think people are offended by having their votes stolen from them. Well, Democrats, and I agree with this, wanted to fight fire with fire or gerrymandering or gerrymandering, and they lost both the map. You could argue the moral high ground, although I think it was the right move. You can't argue with the fact the other side is destroying democracy. I mean, Tennessee is the template, right? There's two Democratic Congress people in 2020, Nashville and Memphis. Republicans redistricted Nashville in 2022, and now it's Memphis. The playbook is pretty straightforward here. They find a Democratic district and they redraw the lines until it disappears. Now, I actually believe, I don't believe, I mean, a really interesting message and the right message for a candidate, specifically a presidential candidate, and right now the only one actually talking about fucking issues is Rahm Emanuel. They're all just cosplaying Obama, hoping rhetorical flourish and talking about breaking bread with Jews and Muslims, and we need to come together. I have to say Newsom got the job done in California. He hit them hard and won redistrict. He fought back and he won. He fought the law and he won. But we need structural reform. One, a really decent talking point and issue for a presidential candidate would be the following. Within 90 days, I'm putting up for a vote in the Congress and the Senate to gerrymander the entire United States. Six Republicans, six Democrats, we're going to use technology. It might be just as much as putting a grid on top of the United States map and saying, okay, it might be AI, whatever it is, but we need to de-gerrymander the United States. And then I think another structural form and it goes through a larger issue. A lot of the world's problems right now can be reverse engineered to old men who won't fucking leave. It infects. It infects. It creates fascists who find reasons to deny democracy. It creates a public investment that lacks investment in young people and children. It creates a demographic collapse because young people don't get money because old people keep voting themselves more and more money. I see it in academia. Young academics are leaving the field because there's no fucking room for them because a guy who was the bomb in 1988 and Gapwin accounting won't fucking leave because we give him tenure about the time they become totally unproductive. There needs to be a shedding, a healthy shedding of skin. I have self-imposed term limits on boards. You need to move on. And one of those structural reforms should be term limits and age gating for the most important people over the long term in the United States and that is our Supreme Court. But at both at the same time or one or the other? Yeah. For God's sakes, if you're 72, your brain is shrinking. Your brain starts shrinking at 45. By the time you're 72, most people have a very difficult time with cognitive function. I'm sure there's exceptions that Ruth Bader Ginsburg was very smart at 80. She should have been forced to retire at 72 as should the rest of them. You need young thinking. You need people who occasionally have a fucking child in the house so they can relate to the issues facing young people. You don't want to pack the court because all that means is when a Republican gets in, they're going to expand the court from 12 to 30 people under their watch. You need age gating and you need term limits. The more than anything, a great talking point for a Democrat right now would be, I am going to de-gerrimander the US within 90 days. I'm going to put a vote up and you can find out who is not up for true democracy here. Right. Absolutely. I mean, one of the things, when you look at these maps, at some point, obviously, gerrymandering has been around forever, but these are like they're un- It's gone overboard. The Republicans are committing unnatural acts. They really are. It looks like a weird sex position the way they have drawn these things. It's grotesque. It's grotesque. You know what it was, I have to say, those images from Tennessee with those fat white old men laughing at young, very vibrant, interesting black legislators. You're nothing more than- It really did look like the Confederates out. They look like the Confederates out. It was a version. Then laughing. By the way, y'all are going to die of a heart attack relatively soon because you look like you could get out for a walk or two. The visuals were so like these old racist fucks. I'm not sure that's- Then at the top of the heap is Trump who looks like he was cognitively. I keep saying this, Scott, we have to- We did it with Biden. I think we have to zero in on his cognitive difficulties that just continue. Today Dr. Oz and the other one, Britt, Katie Britt were talking to him like he was a toddler, a toddler when he was something or the other. Mr. Pres- It's like you talk to someone in old folks' home. He's old, age-gating. Again, age-gating. No one should be allowed to run for president if when elected they're going to be older than 70 or pick a number, have neurologists decide. But at some point neither Biden nor Trump should be entrusted with overseeing the sixth fleet or NAFTA agreements or trying to stay up till four in the morning to get the votes they need, whatever it is. This is a young person's job. Great. You know, when I said that to you, I think you were surprised. You were like, hmm, when I said I'm leaving at 72, I have 72 and that's it. That's it. I'm gone. I'm off to Cambridge. That's the number you've picked, 72? Yes. I bought myself a cap in Snowflake. I bought myself a cap. I love it. I'll send you a picture. I, yes, that is it, 72 and I'm gone. I'm gone. Like, see you later. Maybe I'll sit and write historical novels from my cottage in Cambridge, but I'm gone. Like, gone, gone. I'm pretty sure your third wife's going to be Susan Collins. I think you're going to be one of those tech people that goes MAGA on us. No, no, Susan Collins. And I'm up to you, Mary. By the way, if a man and a woman need a marriage license to get married, would a two-win woman need to get married? A liquor license? Oh, very funny. I don't think that's sexist. See, I think it's profane and vulgar, but I don't think it's sexist. I don't think it's funny is the issue I have. No, it's not that funny. It's not that funny. Anyway, these redistricting, I think he cannot fight the polls. The polls are so bad, everyone doesn't like him. That's one thing I did, the message I gave to people. I was like, he is widely, he has his group that like, but I got to tell you, you got to watch the cracks in MAGA and you got to watch the polling, which is everyone is sick to fuck with this guy. And he is cognitively disabled. I'm going to say that in every single show until the past the 20s. That's the cold comfort that we as progressives are serving ourselves up this morning. And that is that Trump can't rig the maps, but he can't rig his approval rating. He can infuriate people. That's the hope that basically segregating voting again with taking a right, neutering certain parts of the voter's rights acts, this ridiculous corrupt gerrymandering that will come back to Hanuman vibes. And my fear is the following. Okay, tell me, because I have a few too. I believe that America is still highly sexist, highly luxist and ops for a person who may be wrong more often than not, but is effective versus people who are right and ineffective. And this is the key distinction between the Democrats and the Republicans right now. Is the Republicans are wrong and being highly effective and Democrats are right and virtuous and totally fucking ineffective? I'm not so sure. This whole thing with the ballrooms and the weird, the thing with the weird title base and et cetera, it's just, it's getting like... People vote based on a ballroom. No, I know they don't, but it's a part of the whole crazy old man thing. One thing that I will say, I was with a bunch of cyber experts into two things they did point out, I think correctly, is one, the Russians are preparing to attack during the midterms in Trump's favor as recent studies have shown they did obviously against both Clinton and Harris. I'm sorry, they're gonna attack. You know, online, like a lot of online cyber. It's not so cyber and information fuck-upery essentially. And then the second thing is, why sat next to one guy who's an American who was talking about who's obsessed with Steve Bannon and he fails, they're gonna try to... Trump has sort of talked about it a little bit, go to 80 districts that matter and put Marshall, you know, Marshall Law in place or create all manner of ICE and Proud Boys, et cetera. Except if you listen to Steve Bannon, he does talk about this. I think this, a couple of the cyber people were paying a lot of attention to Steve Bannon and what he's doing and you know, that sack of, that meat sack of rumpled whatever is very effective in many ways, speaking of effective. Although I can't believe he keeps hanging on, looking at what he does. Anyway, let's go on a quick break when we come back, a game-changing feature coming to Apple's AirPods. Support for this show comes from Harvey AI. 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Text rates may apply. Scott, we're back with more news. This is really interesting. Apple's reportedly reached the late stages of development for new AirPods and include tiny cameras designed for AI features. Who said they were going to put cameras? You and I have talked about this. The cameras would help Siri understand what's around you so you could ask questions about objects, landmarks or directions in real time. The new AirPods expect to look similar to AirPods Pro but with slightly longer stems to fit the camera hardware. This is astonishing. I think Apple originally wanted to launch the AI wearable sooner but delays since upgraded Siri pushed the timeline back. You will of course lose 50 pairs of these, Scott. Fifty. Fifty. By the way, this has no pods in it because I can't find them. Oh my gosh. Jesus. I can attest. In Scott's New York apartment, there's so many AirPods cases everywhere. They're like one AirPods in them. Some are never been opened. It's really funny. I love those things. Talk about this because they're obviously privacy because a lot of people have been pushing back on the Meta glasses which sell just okay. They're popular but not that popular. Talk a little bit about this because there is a privacy issue here like people looking out at the same time. It's inevitable you're going to have these heads up displays in some way and this is a version of heads up display that isn't in your face which I think is more effective that it's in your ear, a camera in your ear. I love your thoughts on this because you have big thoughts on visual like heads up displays. Well, as much as I hated mixed reality headsets and the Oculus, I love this. And it goes back to a very anthropological thing. What is harder for people to adapt to when they lose their vision or they lose their hearing? A vision I guess but not seeing. Hearing. Hearing. Okay. All right. As a matter of fact, when your hearing goes, you stop processing words and you become more, this is going to sound strange. Well, it's not strange. People have a much more difficult time maintaining societal contact, relevance, and relationships when their hearing starts to go as opposed to their vision starting to go. Your hearing, the last sense to go when you die is hearing. You're supposed to, when people pass, you're supposed to keep telling them that you love them. Supposedly, that's literally the last sense to go. And I think it's the most underrated of the senses. We have overinvested in visuals and underinvested in hearing. Airpods, if they were a distinct company, just AirPods would be a Fortune 50 company. And what is this? What is Apple doing here? They're turning your ears and eyes and sending the footage. You know, unfortunately, they might be sending the footage to Cupertino, but the AI wearable race is now happening. What's interesting though is it's not happening where people thought it was going to happen. It's happening in their ear canal. So Meta has Ray Bands, Apple has AirPods, Google probably has some glassing. I don't know what they're calling it this week. They originally had contact lenses. They remember the long time, we broke a story about them working on contact lenses with the visuals in them. But go ahead. The problem here, I think it's a great idea and I'll buy one. The problem is the hardware at Apple, the hardware is always ready before the software. And they wanted to launch this sooner, but Siri is probably one of the worst tech products over the last 10 years. It really is. And Apple, I mean, think about it, Apple has the world's best supply chain and the world's most embarrassing AI assistant. It is. It's so bad. I hate Siri. If you think about, I mean, essentially AirPods, as they envision it right now with this, with cameras is essentially because of a very weak AI assistant overlay. It's like a Lamborghini chassis waiting for an engine that works. So the hardware will be the best looking hardware, the best operating hardware. The problem will be the AI overlay. And I told you what I believe. They have to get it right. I think they're going to shit can Siri and license it to someone else for tens of billions of dollars. Right. Yeah. Why not? Just make it good. You can call Scott or Siri, you know, text Scott or something like that. And it never works. It sometimes works. And it just, it should work every single fucking time. What if it was Gemini? What would Gemini needs to catch up? What would Gemini pay Tim Cook or the new guy to design something? To say, we're your default AI. Look, look, Siri, just talk to me, even though I didn't want to go away, Siri. I think they're in the pole position here. I think the most elegant move to massively throw 10, 20 billion dollars a year to the bottom line would be to have a bake off and say, one of you is going to be the Intel inside of Apple. Yeah. And that is your... That's kind of a big thing to give up though, but they're not good at it. Just like with maps. They're just not good at it. Well, sir, they give it up in search and it worked out well for them. Yeah. Exactly. Let me ask you a physical question. So when AirPods, people do not remember this. When AirPods first came out, people made fun of the look of it. You remember, when you look like an alien, you look like you're wearing earrings for men and then everyone just loves them, right? And they fall out of your ear. There was all manner. If they're even longer with these like stems, it could look odd, but it seems to me the best solution is the in the ear, AirPods looking like things, not over the ear, not around the neck, over the head, except when, you know, I'm on an airplane, I wear, you know, a pair of really good noise canceling headphones, but that's different. So you think that's okay. And the privacy issues, you don't have an issue with people. You can see everybody and it's recording, presumably. Well, that's, that is a big issue. I haven't thought that through, right? Because you're not supposed to be taking pictures of people's kids, the surveillance government, the government, you go into the white house, uploading your data, your whereabouts, but no one, no one creates tech hardware that is a better signaling device than Apple. And pulling out your iPhone, I've always said pulling out your iPhone is like pulling out an Amix Black card, but for billion people, not 10 million. It says that you get it. It says you're one of the seven most wealthiest people on the planet. It says you're probably in the creative arts industry. You know, it just, it is incredible signaling. I wear my AirPods. If I'm at a conference and I just need to get somewhere without getting, without speaking to people, I'm just feeling exhausted by people. I just put my AirPods on and act like I'm talking to somebody, like I'm speaking to myself. I know that trick. Let me just say one of the things I'd like to not look at my iPhone anymore. I like, like I use my watch quite a bit, but it's not good enough. And I use my, if my AirPods were better, I would not pull my phone out at all. 100%. You know, that's the thing. So I think this is really interesting. Another interesting piece of tech, and we're very tech heavy today, SpaceX chip making project in Texas will have an initial price tag of at least $55 billion and could eventually grow to $100 and $19 billion. According to a public hearing notice, the project called TerraFab will create chips to power AI for SpaceX and Tesla. I think this is a smart move by Elon. SpaceX is asking for tax breaks for the project, of course, which will be discussed at a hearing next month. And Texas will definitely give it to them because that's what Texas does. They bend over speaking of bending over. SpaceX is of course preparing to go public with one of the largest IPO offerings in June. To me, more than the robotics focus, this is really important. I mean, the way they do energy is sort of rapacious to the people living in the areas they're living in, and it's getting a lot of pushback. But the idea of your own chips, all these companies really have to be in that game, seems like, and it's important. It's Elon really does know this. I don't think he's as highly technical as he makes himself out to be, but he does understand this is the heart of it. I agree. This is a really smart move. And it's one of the most interesting and it's also quite frankly, it's fundraising. It's going to be a big slide in his roadshow for SpaceX IPO. They're talking about a 60 to $120 billion chip fabrication plan, TeraFab, and it would be bigger than the biggest one in the U.S. right now is a $65 billion plan from TSMC. So the world's most advanced chipmaker with 50 years of experience, Elon is trying to out TSMC. So it creates, he's very good. He and Trump are both obsessed with being in your fucking face every day and they're very good at it. And so this is, I think it's going to happen. The guy is a big thinker. Like XAI went nowhere. It may or may not. He may not be very good at this. It doesn't matter. It is a great, this guy is a big thinker. He's bold. He's pulled off some incredibly big. This is the right direction. Yeah. Let me say he did surrender XAI by doing the anthropic deal. It's just everybody's left. He's not going to win here. He could win in this. And I think he probably might. This is a better focus for him. Speaking of focuses for French prosecutors are summoning Elon and X's former CEO, Linda Yaccarino. Oh, Yaccarino, where did you go? She's doing some health company to face preliminary criminal charges into X. The investigation includes charges of child pornography and sexualized deep fake. It was interesting when I was in Europe, they were like, oh, it's not, he's not going to go in here. I don't really care. I'm glad a government is doing it, right? Because ours certainly wouldn't. And they should, they should face an investigation of what was happening there at X. Doing all this. Who made the decisions about these child pornography and sexualized deep fake creations? I'd like to know and I'm glad a government is pursuing it. I don't even care if they win. I'm glad they're doing it. That's my feeling. There you go. And more power to them at some point. Big tech executives, their flight pattern is going to look like Jerry Mandard because they're not going to be able to go to the airspace. The world, we forgive these founders, especially during the Trump administration for the economic growth. Yeah, these sociopaths, that's the word I would use. Yeah, but we are net gainers from big tech. We just are in the US. They still should pay the price for stuff like this. I agree. That's not to say we shouldn't hold them accountable. It's not to say they shouldn't be subject to the same rules and regulation as other industries. But if you had a red button to push and do away with all big tech, you wouldn't want to do it. And for all the problems and externalities, there isn't a single nation in the world that's presented with the opportunity to say put your headquarters here. The problem is, you know, the big tech, I don't think Italy is a net gainer from big tech. The US is, but I'm not sure other nations are. Yeah, they aren't so weird. And so a lot of these nations are doing the math and saying, you've got it, our media companies. You don't pay that many taxes here. You haven't really increased employment a lot. You're just creating tremendous disruption. And sexualized deep fakes. Yeah. And also you now appear to be an existential threat to our kids' emotional and physical well-being. We're not down with, you know, the idolatry of innovators for a lot of good reasons and some bad is has totally kind of infected or overwhelmed the US. The worm has turned a little bit. AI is way down. People are realizing what a negative impact this has had on our children. And then going much bigger, it's manifesting itself in terms of being ground zero for frustrations around income inequality. But these other nations just aren't that impressed by these guys. They're like, okay, you broke a law. We're going to charge you. Yeah. I like the activity. And I think, as you said, a long time ago, early in our relationship, someone has to do a perp walk on whether it's chatbots and kids dying or something like that. Someone has to go to jail. They won't. But I like the effort by these governments. And I don't think it's, I think someone needs to investigate how they made these decisions about sexualized deep fakes and child pornography on that's on whatever service that doesn't and what they did to stop it or not stop it. I think it's important for public to know. There was a guy, I think he was a McKinsey partner on the board of Goldman and he took insider information and traded on it. He went to jail. Think about what's happening in the Trump administration around oil prices. Think about what's happening in tech in terms of teen self-cutting and depression among teen and being weaponized. You said you expect the Russians to cyberattack us. They've been cyberattacking us. Yes, I know. They use these porous platforms that are totally focused on shareholder value. They create lists of people who are pro-Ukraine or people who are polarizing and they infect their comments and the people's perception of them. They diminish their credibility and they create fights everywhere to try and atomize us. We've been, we're attacked every day and the ultimate Trojan horse is Big Tech who charges them a small fee to go sit inside the Trojan horse and start attacking America from within. That's correct. And by the way, they'll shift in a dime. I don't know if you noticed suddenly David Sacks is like, anthropics going to be really successful after needlessly attack. I heard all of a sudden he likes anthropics. Oh, God. He's such a... Let me just tell you, we were right about that one. Like immediately when they're back, because he's losing the fight over unfettered AI and they're just better. That's all. Anyway, he was lying the first time about when they attacked him and for a government official to do that to an American company without any proof is really grotesque. I don't mind if there's proof, but in that case it was because he wanted to feather his own nest. Anyway, let's go on a quick break and when we come back, we'll check in on the Trump phone speaking of, dare I say it, fraud. Support for the show comes from CoreWeave. AI isn't just a new tool. It encompasses so much more. It's spurring a revolution across all industries and reshaping itself to become a big part of our future together. CoreWeave is at the center, powering some of the biggest names in AI. As the essential cloud for AI, CoreWeave provides an AI platform that combines next generation infrastructure, intelligent tools and expert support. It's powering the world's most complex AI workloads faster and more efficiently. From medical research and diagnosis to education, from complex visual effects from movies to breakthroughs in science and technology. If it's AI, CoreWeave is uniquely ready to power it with purpose-built tech. The big idea is the wild visions and what ifs and why not. CoreWeave is working to build what's never been built before. CoreWeave is the essential cloud for AI, ready for anything, ready for AI. To learn more about how CoreWeave powers the world's best AI, go to coreweave.com. slash ready for anything. Buzzwords like progressive and affordability are thrown around all the time in politics. But what do they actually mean? For me, being a progressive means at least two things. One, being willing to unite lots and lots of people, all of the folks that are getting screwed over against the powers that be that are making your life worse. And then second, being progressive is essentially a hopeful enterprise. That you think, I think that the world can be much better, that we don't have to settle for crumbs or settle for the status quo. And is there a difference between what it means to the elected officials and what it means to the people? So money is essentially the root of everything. I don't care if you're gay, I don't care if you have all that. That's like secondary, third, like that doesn't, that's not a priority. That's This Week on America Actually. Let's dig in. Complex and unprecedented the Spanish authorities are calling it. Passengers who'd been stuck aboard the Hanta or maybe Hantavirus stricken Dutch cruise ship disembarked in the Canary Islands this weekend, prompting the highest stakes game of where are they now since maybe COVID? Some of the evacuees, American and French, have since tested positive for the virus. And yet public health officials seem remarkably calm. We do have one individual who was taken to the biocontainment unit early, early this morning. And we assess that individual. They are doing well. Possibly because this is not the one to freak out over. Today Explained drops every weekday afternoon. Scott, we're back. It's been almost a year since the Trump phone was announced. And there is still no sign the device is anywhere close to shipping. But that hasn't stopped Trump mobile website from continuing to accept $100 deposit for the phone. The fine print notes, a pre-order deposit provides only a conditional opportunity if the Trump mobile later elects to offer the device for sale. And while the phone was initially touted as being made in America, the site now describes as being shaped by American innovation. Looks like these aren't coming. And the people have lost their money, which we said would happen. This is exactly, you know, I'm not sure where the phone ranks among various Trump griffs. Another Trump venture where things weren't looking so great. Trump media just posted a net loss of $406 million. And I think they made under a million dollars in revenue driven largely by unrealized losses in crypto holdings. And while they're doing all this grift, the Pentagon has released a batch of quote, never before seen UFO files on a dedicated government website. The files include details from over 400 reports from the 40s and recent years, including several Apollo missions, President Tau to the administration, transparency, and true social posts saying now the people can decide for themselves what the hell is going on. We cannot decide. They're just no more lights. Hey, I can get more out of just like a book I buy at the airport about these things. So it's just a lot of, you know, hand waving all over the place and grift. I mean, the Trump phone, which Scott and I both said was never going to happen, is not going to happen, people. And that's 60 million bucks or something like that. I think that's how much they collected. It's grift. Well, first off, this wasn't a down payment on a product. It was a donation. I don't think anyone's going to care. I think the likelihood that he was ever going to have a competent phone was probably didn't escape these folks. As it relates to aliens, I'm convinced that aliens have been monitoring us, including all of our media. And if you're really honest about two-thirds of our media is porn. So I think this explains that the aliens aren't using anal probes for information. They're just trying to speak our language. Can you ask me a question? Do you believe in aliens? I'm just curious. When you think about UFOs and you see these pictures and let me tell you, everybody, I looked at some of these pictures. They look like the pictures you always see, bright lights, things moving across the sky, unexplainable phenomena, often lights, lights moving in a pattern, or something like that, which could be explained lots of different ways. Do you actually believe in aliens, sir? This is going to sound like I'm on edibles, but I'm not. But I believe in everything. What do I mean by that? If you believe, there's some logic here, I think. Like Loch Ness Monster sounds good. Well, no. Most astrophysicists believe it appears the infinite space theory that space never ends. Space never ends and it's regenerating and the space time continuum curves and space never ends. That means everything exists. That means everything that's happened has happened before because if space never ends, that means the infinite possibilities of everything exist and everything that you can imagine is out there. I need an edible at this point. That means we exist all the time forever. You and I? No. It means that if there's an infinite number of universes at some point, there's a universe very similar ours with similar lifespans, similar earth and gas and organisms and similar carers and Scots. If it's not exactly like it, just keep going through infinity and eventually you'll get to it. Oh, wow. Okay. This is like the plot of Interstellar or something like that. Well, if space is infinite and I'd like to hear an argument for how it couldn't be, then of course there's a galaxy and another alien intelligence that can send probes here. Having said that, I don't think they'd be that interested with us. We're so boring. Do I believe they exist? Yes. Do I believe the ones we have seen are actual alien intelligence or life? I don't think so. Maybe they're flashes from another universe. Maybe that's what we're seeing. Maybe they, like in all the sci-fi or the Marvel movies, all the different universes, suddenly the sky gets ripped open and one of the universes comes in to this one. It's always having to close a fucking portal in those movies, which I never understand. But I vaguely do. I think we should ask aliens to hunt down all the people on Jeffrey Epstein's Island. I think we could call it alien versus predators. They should. I would like the aliens to arrive just about now. That's what I would like them to do. You're ready for it? I would like them to come now. It's time. It's time. It's time. Either Jesus or them. We're ready. I don't care. Jesus needs to come back or they do. I don't, either one. I'm good anybody showing up and getting our, that's the distraction we need. That's what this says, Kara. This is meant to be a distraction. Of course. Absolutely. Anyway, well, we wish you will come, aliens. All I gotta say is that females invade the earth and kidnap men with large cocks. You're in no danger and I'm just writing this to say goodbye. Oh, can I have your stuff? I'd like your stuff. Can I have your stuff? You have my stuff. I've shown to my house in New York and I'll be like down two cashmere sweaters. I know you've been stealing my sweaters. Yeah, that's true. I have your stuff. They're in Brooklyn right now. Anyway, you can stay in Brooklyn anytime. You'll never come to Brooklyn, which is fantastic. Never. I've been there twice. Both times to go to the new Soho House over there. That's it. Alex and I will be in Brooklyn. If you're not on the island called Manhattan, there's no reason to ever visit the Northeast. Legs and I will be in Manhattan on Tuesday. The Northeast is so overrated except for a 7x2 mile island. That's it. Let me just say legs is going to be in Brooklyn with me and he's going to eat. By the way, let me just say it's Amanda's birthday today and happy birthday Amanda. We're going out for oysters tonight in DC and I'm literally going to have to take out a small loan because Alex is coming. Last time we took him for sushi, it was like $400. Anyway, one more quick break and we get back wins and fails. This week on Network and Chill, we're diving into another edition of Am I the Asshole Finance Edition. And trust me, these money dilemmas will have you questioning everything. I'm breaking down real stories from real people who are navigating financial situations that range from mildly awkward to absolutely unhinged. And I'm giving you my unfiltered take on who's in the right and who needs a serious reality check. Because let's be real, when it comes to mixing relationships and finances, someone's always asking if they're the asshole. Learn how to set boundaries, protect your wealth and avoid becoming the villain in your own financial story. Listen wherever you get your podcasts or watch on youtube.com slash your rich BFF. This week on Criminal, a man leaves his girlfriend at the top of a mountain. He's charged with her death. And then at the trial, his ex-girlfriend testifies that the same thing had happened to her too. She screamed, she felt dizzy, and you know, at that moment she realized she was like completely alone. Thomas apparently left her. On our other show, This Is Love, a story of another couple on a mountain. There's no ledges, there's... you're trapped. I had confidence that there's no way this many things can go wrong in a row. You can listen to both episodes right now on Criminal and This Is Love, wherever you get your podcasts. Does Chinese President Xi Jinping see Trump as a partner or an opportunity? So President Xi comes to this meeting with quite a lot of confidence. They recognize that President Trump is dangerous, potentially, is unpredictable. But I think they also believe that they can manipulate him. I'm John Feiner. And I'm Jake Sullivan. And we're the hosts of The Long Game, a weekly national security podcast. This week, former U.S. Deputy Secretary of State, Kurt Campbell, joins us to discuss the Trump-Xi summit in Beijing. The episode's out now. Search for and follow The Long Game, wherever you get your podcasts. Okay, Scott, wins and fails. I feel like I should go first. You go first. Speaking of conspiracy theories, this is one that I find very troubling. And look, listen, I even kind of believe it. One in four Americans think the April shooting at the White House correspondent center was staged, according to a new survey. Roughly one in three Democrat respondents said they believe the event was staged compared to one in eight Republicans. The same thing with the other. A lot of, like, Marjorie Schell agreed. All these people think the shooting in Butler was staged. I just feel the falling off of assuming... And this does go back to Kennedy assassination and before. There's always been a conspiracy theory minded populace we have. But it's just a little... It's slightly depressing because, like, remember when you said I thought Jeffrey Epstein didn't kill himself? Just like, nobody believes anything. And I find it really depressing that our shared... Like, I get conspiracy theories and I see why you might think this. And I hate myself for even saying, oh, maybe it was, right? Without any proof. And I find that feeling in me really gross. I have to say, the conspiracy theory minded. But you become more that way as you live in this world where AI and social media and everything else just sort of spins your brain in a way that's really gross. And speaking of clarity, I have to say, one thing is, first of all, Matt Damon on Saturday Night Live was superb and he looks like he's great in the Odyssey. He was super... That was a superb show. SNL is really bringing... Is a really solid actor. Anyway, but I have to give... Talking about clarity, Chelsea Handler at the Kevin Hart Rose was fucking... So was Tom Brady, by the way. But let me say, Chelsea Handler handed it back to the MAGA sort of adjacent comedian bros. I love that. I thought of you when I saw that. Let's listen to her call out the comedians who went to the Saudi Comedy Festival. Now that your favorite leader is making the draft mandatory, I assume that all of you will be signing up to go fight in Iran. Or do you tough talking pussies only go to the Middle East for comedy festivals? She had so many lines. That was a nicer one. And then she had some choice words for Tony Hinchcliffe. And she said, Tony is what happens when women don't have safe access to abortion care, which I thought was funny. And then also, like, who's warming Joe Rogan's balls in their mouth now that you're here tonight? He looked sick the way she attacked him. And it was so good. She did such a good job. I have to say, Chelsea, I love you. Marry me. I gotta say, so good. She was fantastic. And they just... He was so uncomfortable. Like, they can't take a joke, these people. They can dish it out, but they can't take it. And Chelsea put them down, put them down. And I love, love to see it. Anyway, your thoughts? I agree with you on that. So my wins and fails. My win is Mayor Mamdani's Piedotera tax. I'm not even going to get into whether the city of New York should be cutting costs or spending too much money. I don't have enough domain expertise. I'm a resident of Florida. But the percentage of federal employees as a percentage of the population has steadily gone down. I've never bought that there's waste fraud and abuse everywhere. And if we're going to get our fiscal house in order, do we need to cut spending and raise taxes? The answer is yes. So I'm just going to talk about the raising taxes side of it. If you're going to raise taxes, it feels to me that there's a very legitimate argument that the people who have done the best over the last 30 or 40 years are the very wealthy and specifically owners. And it's pretty basic. Productivity has gone up 45 degrees. Wages have gone flat. The delta between those two lines is trillions of dollars in value creation. And almost all of it has gone to the top one, if not the top 0.1%. So it seems to me that just basic math is it makes sense for the wealthiest among us to pay a disproportionate amount of incremental taxes needed to operate this great experiment called the US pay for our Navy to pay for food stamps. And the problem is, okay, so what do you do in New York if you need to raise revenues? Do you increase corporate taxes? The problem with that is, and Jay Demy Diamond pointed this out, JP Morgan has gone from 30,000 to 20,000 employees in New York in the last 10 years because it's a very expensive place to do business. It is. No question. Meanwhile, in Texas, it's gone from 10,000 employees to 30,000. So at some point, you get diminishing returns. And a lot of the people that work at corporations are middle-class people who commute in from the different boroughs. So you've got to be very careful about raising costs on business because New York is getting to the point where a lot of businesses are contemplating leaving or at least doing the bulk of their hiring somewhere else. Then you think, well, we could just go after all rich people. The problem is, there are a lot of people in New York making a half a million, 600, 800 grand a year as a couple. And they can't. I was that couple and I had to leave because it's just so goddamn expensive there and you're already paying 13% to 14% incremental taxes. So I like the idea and let's bring this back to me. In 2017, when I sold my company, I made the mistake of giving NYU, I think, 2% of the companies. The dean called me and said, can you come up here? And when the dean calls you and says, come up here, it's either very good or very bad news. And he said, we just got a check for X. And he said, first off, thank you. And he said, if my math is correct, that means you sold your company for Y. And I said, yes. And he's like, I need you to move out of faculty housing right away. That's right. You lost that house. And he said, you liked that house. I loved it there. It was all a bunch of 110 year old widows from some 10 year history professor that died 40 years ago. No one makes eye contact. No one talks to each other. I loved it. Washington Square Village. It was amazing. No one even looks at you in the eye. Occasionally, there'd be a little mimeograph paper saying, join us in the third floor to celebrate Lois Frankl's life. Occasionally, there was a notice about someone who died. That's it. I absolutely love it. Anyways, he said, he was really funny too. Peter Henry, one of my role models in the best box I've ever had, he said, you're in strategy. He's like, answer me this. What do you think the objective is of faculty housing? And I'm like, to provide housing for young faculty who could otherwise not live here. And he's like, bingo, I need you to move out next week, not the week after that. Anyways, I bought a place, which Kara Swisher is very fond of. It's been one of my second homes. And I spend about, I don't know, about 60 days a year. There may be 90. I don't know. And here's the bottom line. This tax, I figured out I did the math. If it goes through unfettered or- I had the one that told you about this, by the way. You told me about it, so I began looking into it. It's unlikely to, it'll be watered down. But if it goes through as Mom Donnie has proposed it, it would be an incremental $100,000 a year tax on me personally. I'm not fond of that. It's a form of a wealth tax because all that really does is take us, say, a condor worth $10 million and make it worth $8.5 or $9 million because it's an extra $100,000 a year. But here's the bottom line. And the reason why I think it's a win. One, our municipalities need to get their fiscal house in order. Two, it's clear that if there's going to be incremental taxes, it should be on the wealthiest among us. And three, a tax on second homes, which is also being proposed, by the way, in San Francisco and Montana, is a very elegant way of going after those of us who, quite frankly, have the money. Right. It's under, it's over $10 million. The house is correct. Over five. In addition, it also kind of, you get a two for here. And that is, if people decide to sell, it does free up housing stock. So nobody likes a tax. I get it. And the wealthier are going to come out of their skin. I get it. Can't fucking griffin. He needs to shut the hell up. He looks like a... Oh, hold on. I'm not done with my wins and my fails. All right. Okay. I get it. I actually think, as far as taxes goes, which nobody likes, see above the meaning of the word tax, I think this is an elegant, thoughtful, less bad tax. My little lesbian communist from San Francisco finally. And in as long as I can roll out of my apartment and I have the money, which I do, and go to Jack's wife, Frida, and sit there and order a latte and watch the freak show of commerce, sex, capitalism, art, fashion, walk by me. It is worth a hundred grand a year to me. And it's still worth that to a shit ton of people. Because if you have a second home in Manhattan, my brothers and sisters, you are doing just fine. Yeah. Piedote. So the Piedote tax and the second home tax being proposed across municipalities that need to raise revenue, it is an elegant, thoughtful tax. I agree. This is what you're not going to like. My fail is Mayor Mom Donnie and his class warfare against the rich and doxing Ken Griffin. That was totally, totally out of line. I would agree with you. Totally out of line. And here's the problem with Democrats. We want to redistribute virtue, not income, propose a tax on the wealthiest. I get it. Get on with it. Stop complaining about billionaires. Do your fucking job and raise taxes on the wealthy, but instead do not go to their homes and dox them. And this is what's going to happen. This is what's going to happen. Ken Griffin, who had a $6.5 billion project underway in Manhattan, supposedly has given a quarter of a billion dollars to New York-based charities. You know what he's going to say? Fuck you. And he's absolutely going to take capital he was investing in Manhattan and move it to Florida and Texas. And here is the problem with Democrats. We'd much rather signal virtue than do our fucking jobs. And that is, it is one thing to be right, but it doesn't matter if you're ineffective. And the Democrats are going to lose if they continue to try and with this undercurrent of young men are the problem, don't have problems. Most white people are racist and all billionaires are evil. Well, guess what? You're going to lose the young male, the wealthy, and quite frankly, the white vote. If you keep this class warfare demonization of success up one of the most wonderful things about America, and the reason why we have consistently attracted the best and brightest around the world is we celebrate success. Now, do we need to redistribute income to the middle class? Apps of fucking Lutely. But notice how they never talk about Oprah or Beyoncé. This is identity politics at its worst. It's demonizing success. And you are going to end up with lower treasury receipts, but great. You're going to virtue signal. All right. Let me ask you, what is the thing? Because I think the most effective messaging around this area, and I often would be saying, are billionaires off? I'm like, not all of them. No, of course not. I think the most effective way is to say everyone needs to pay their fair share. That, I think, is a very effective thing. And you're saying the same thing. And remember, I think Gore tried to sort of demonize rich people, which of course, which is ironic since he is one. But one of the things that I think is effective is everybody should pay their fair share. Everybody shouldn't get breaks. Everyone shouldn't get to meet with the president if I don't, right? Everyone shouldn't be in a meeting where they get stuff. I think the get, well, they're getting good stuff of them standing there and pulling in like Scrooge McDuck, all the money is a very good message. Like, why do they get the first, why do they get the best bits and you don't? I think that is not demonizing them. It's saying, fair share. This is how much they pay. This is how much you pay. This is how much corporate tax has gone down. This is how much your taxes have gone up. I think that is fully a great way to do it. And I agree that I didn't love the thing of the Ken using Ken Griffin. I think you could have done much wider is all these people have second homes and they should pay a tax on it. And that's that. And they're very rich and they can not just, they can afford it. They don't have, they don't have to pay taxes and win with math is the way you kind of do it with people in a smart way. And that's my feeling. What about you? From a marketing perspective, what do you think? If teachers unions were much more powerful, and they had figured out a way to weaponize government and we're getting paid $500,000 a year on average plus benefits plus retirement, they would not be saying enough. We don't need anymore. People will always respond to incentives in a capitalist society to get more and more until we get rid of Citizens United. The wealthiest among us will weaponize government and always incrementally seed the transfer of power of our economy from laborers and consumers to investors. The entire shooting match on income and equality is the following. The point of America is to make the jump to light speed by evolving from an earner to an owner. Because once you're an owner, your wealth compounds tax deferred and owners are more so powerful and have such powerful lobbies because of Citizens United, they keep coming up with new tax rates. I can buy a jet today and write the whole fucking thing off in year one being cashflow positive. If I own a home and I put it in an LLC, I'm an owner. I can sell it. Don't have to have a capital gain. I can roll into another investment property, put it in a trust, $30 million exemption and start building a dynasty until we have an elected populace, elected representatives who stop transferring capital influence, well-being health per year series from labor and from consumers to shareholders. None of this is going to change. The key to all of this, none of this happens unless you do away with Citizens United. For Bernie Sanders and Elizabeth Warren, who keep complaining about the wealthy, well, then do your fucking job. When you controlled all three houses of government, taxes went down on the rich during the Biden administration. The guy complaining that the game was rigged is wearing a referee's uniform. You need structural reform. But demonizing billionaires, everybody does the same thing. Everyone responds to incentives and feathers are bad the most they can. I also think they do it to themselves. I do think on the other hand, the look of the Bezos' at that Met Gala wasn't good. Totally different issue, but I agree with you. They do it to themselves. They do it to themselves. So let them do it to themselves. Rent Venice. Everyone knows how that feels. I agree. I have to say, I agree with you. You're right. I think it was a rare misstep by Maldonni, who's a little more deft as the way he handled Trump. Very savvy politician. I thought that was a little clottish of him. I think you're right. I think you're right. Anyway, those are good ones, although Ken Griffin has still been a whiny bitch about it anyway. He's always a whiny bitch. Smart guy. I understand, but really smart guy. All of them need to stop talking, every one of them. Anyway, we want to hear from you. Send us your questions about business tech or whatever's on your mind. Go to nymag.com.pivot to submit a question for the show or call 8551pivot. And we have a specific question for you listeners today. Who do you want to see co-host with me in August when Scott goes away on a vacation? We have, we already have a really good list actually, including Chelsea Handler is coming. So I'm very pleased about that. We want to hear your ideas and maybe we can get them for you. So we'll pick at least one from the people, the suggestions of the people. And don't be kooky. Don't be like, you know, the Pope. I can't get the Pope, although I'm working on getting an interview with him. But I mean, I mean, I could try to get the Pope, but it's not going to work. So email us, call us, or tell us on the socials. We want to hear your suggestions. I would prefer an alien, if that's possible, if anyone's listening from up there or tapping into this show. Elsewhere in the Kara and Scott universe. This week on On with Kara Swisher, I'm talking with author and journalist, Patrick Radden Keefe. He's one of my favorite journalists who writes amazing books. Obviously wrote about the opiate crisis. He's written about the crisis in Northern Ireland. He's just amazing journalist. His new book is called London Falling. It's about a mysterious circumstances around the death of a 19 year old who was pretending to be the son of a Russian oligarch. I asked Radden Keefe why he's drawn to these true crime stories. Let's listen to a clip. I don't really even think of myself as a crime reporter, but it is a situation where when I go out and I kind of pursue what's interesting to me in the world, it's often stories about people transgressing in one way or another. It's often stories about people kind of using their own charisma to change the world a little bit, to find some little wormhole, some loophole they can get through or actually to kind of reorganize the world in a way that they would want. And it's funny because we talk about those stories as if they're outliers, but I feel as though that is the era we live in. It's a great interview. So smart. Else he's very handsome. He's got, he was in, he was in the mood to, yeah. That will be, that hands down will be on Netflix within 24 months. Oh, I think he's already sold it. I think all the, say nothing. Like I hear that story and I want to know more. That's correct. It's going to be great. I actually was asking him who's going to play the kid in the movie. I think he's already sold it, I believe so. By the way, it's a riveting read. It's really, you can't put it, I'm not sure it has that as much meaning as he's putting in it, but it's a fantastic read. And it is, it does, it's about modern day London too, which is interesting. Okay. That's the show. Thanks for listening to Pivot. Be sure to like and subscribe to our YouTube channel. We'll be back on Friday. Today's show was produced by Larry and Aiman, Zoey Marcus, Taylor Griffin and Todd Weisman. Ernie and Todd engineered this episode. Thanks also to Duburo's, Ms. Severio and Dan Chalon. The Shot Coroah's Vox Media's Executive Producer Podcast. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from York Magazine and Vox Media. We'll be back later this week for another breakdown of all things tech and business.