All The Smoke

The Anti-Billionaire Billionaire Running for California Governor: Tom Steyer Interview

52 min
Apr 10, 20269 days ago
Listen to Episode
Summary

Tom Steyer, billionaire philanthropist and California gubernatorial candidate, discusses his journey from finance to activism, his platform focused on affordability and shared prosperity, and his vision for addressing climate change, housing crises, and corporate tax loopholes in California.

Insights
  • Billionaire wealth concentration is unsustainable without structural tax reform; Steyer advocates closing a $22B corporate real estate tax loophole as immediate policy action
  • Climate action and economic opportunity are aligned—clean energy is cheaper than fossil fuels, yet political messaging fails to communicate this cost-benefit reality to voters
  • Working people in California face systemic affordability crises (housing, healthcare, food) despite full employment, indicating structural economic inequality rather than individual failure
  • Independent media outlets are gaining credibility over traditional corporate-owned news as audiences seek truth-telling and entertainment value simultaneously
  • Generational wealth and opportunity gaps require intentional environmental justice frameworks, not color-blind policy approaches, to address historical structural racism
Trends
Billionaire-led political movements positioning wealth redistribution and corporate accountability as core campaign platformsClimate policy framing shifting from environmental protection to economic opportunity and cost savings for working familiesData center expansion in minority communities creating utility cost burdens without community benefit-sharing agreementsDecline of traditional broadcast media ownership consolidation driving audience migration to independent digital creatorsFirst-time homebuyer age increasing (28 to 42 years old in 20 years) signaling structural housing affordability crisisAI regulation emerging as critical state-level policy gap requiring proactive governance frameworksSports team relocation patterns revealing tension between community ownership claims and profit-maximization incentivesClean energy cost parity with fossil fuels achieved globally, yet policy lag persists in US energy infrastructureGenerational divide on climate responsibility with younger voters demanding accountability from older decision-makersCorporate tax avoidance through legal loopholes becoming central to progressive political messaging and reform campaigns
Companies
Disney
Used as example of corporation paying property taxes on 1970s-level valuations despite massive asset appreciation
JP Morgan
Referenced in anecdote about financial crisis response and West Coast vs. East Coast value systems
Golden State Warriors
Discussed extensively regarding Oakland relocation, fan loyalty, and Steph Curry's impact on team performance
Oakland Raiders
Mentioned as one of three major sports teams lost by Oakland, representing economic and cultural impact of relocation
Oakland Athletics
Referenced as second major sports team lost by Oakland, contributing to city's economic decline
New York Knicks
Discussed in context of NBA relevance and importance of major market teams to league health
UCLA
Mentioned as target of Trump administration attacks on educational institutions and progressive values
UC System
Referenced through anecdote of janitor employed 20 years living in car, illustrating affordability crisis
People
Tom Steyer
Guest discussing his political campaign, wealth philosophy, and policy platform for California governance
Matt Barnes
Co-host conducting interview, providing sports perspective and personal athletic background context
Steph Curry
Discussed as generational player who transformed Warriors franchise and changed basketball game
Kevin Durant
Discussed as player who left Warriors, representing missed opportunity for additional championships
Gavin Newsom
Discussed as current governor whose policies Steyer would build upon or improve as successor
Jane Fonda
Recommended as potential future guest for her willingness to take political stands and rebel positioning
Donald Trump
Discussed as source of policy failures, corruption, and target of Steyer's political opposition
Michael Jordan
Mentioned in top-five all-time NBA players discussion
LeBron James
Mentioned in top-five all-time NBA players discussion
Bill Russell
Discussed as influential player and first Black coach, representing leadership and social impact
Quotes
"I left billions of dollars on the table intentionally because I really didn't want that life. And I realized I wanted to be more like my family."
Tom Steyer
"Affordability is a teacher who can't make their health care payments. Fully employed, doing a really important job, working their ass off, probably taking money out of their pocket for school supplies. And they can't afford their health care."
Tom Steyer
"12 trillionaires and 40 million people who can't make rent is not success. It's got to be shared prosperity."
Tom Steyer
"Fossil fuels are the most expensive way to do everything, not even including all the pollution. It's way cheaper to be clean."
Tom Steyer
"I am the most prepared person here and I will never, ever not stand up for working people. Ever. I will die on that hill."
Tom Steyer
Full Transcript
This is an iHeart podcast. Guaranteed Human. I'm invited by Ideal Sales Solutions Limited, which is a credit broker not a lender. T-Sensee's Apply. Listen up. I got an announcement. I want to shout out the Webby Awards. We've been nominated for two Webby Awards this year for All the Smoke, the show, and then also All the Smoke, socials. So we appreciate all the love. Stay tuned, man. We're just getting started. Welcome back to All the Smoke. Today we're taking a little different angle and approach with our conversation. Prolific businessman, philanthropist, climate advocate, and leader. And potentially, we will see, the next governor of California. Welcome to the show, Tom Steyer. Matt Boss. Tom, appreciate you having me. Thanks for coming. You know what was really cool before we even started this is he brought his We Believe shirt. You can show him from 2007. That's a real one, too. You can tell by the yellow. He had one. Tell by how messy it is. Yes. It's had some wares. But what do you, let's start with it. What do you remember about that time in Warrior Basketball? So the thing about Warrior Basketball for so long was that the city of Oakland supported those teams in good times and bad. That was kind of the Baron Davis years. Yeah. It was a great player. But there was never an empty seat in Oakland Coliseum. And Oakland was such a great, is such a great sports town, both in terms of producing amazing athletes. And for a while, they had some of the best teams in the world, the Raiders, the A's and the Warriors. And so what I remember about that was going to those didn't really matter how the team was doing. That was always full. The people were always into it. And they love who? Yeah. That's what I tell people. I mean, and I think you spoke perfectly to it. No matter where the team was at the top of the stand, you've got the bottom of the standing, it was rocking every single night. Warrior would die hard. The workers at Oracle were always in a good mood. And just the energy around that arena was something. And I was someone who got to play for a handful of teams. It was just like, you never forget how you feel when you go to Oracle or get to play in Oracle. You know, it's funny because when I was growing up in New York, we had some great NICS teams. And everybody in New York thought basketball was invented in New York, was played in New York. You know, the garden was like totally crazy. And everybody thought everybody thought they knew how to play hoop and everybody thought that they were great analysts of what was going on in the court. No, I mean, that's definitely. But I feel like to that point as well, I feel like basketball is better when the NICS are relevant in the game. And look, they have a great team right now. Yeah, they have a really good team. And so I'm interested to see the juries out. I said something I like Mike Brown and I said something early on this season and I hope that I hope that I'm wrong because again, I like when the NBA is rocking on all cylinders and all the major teams from the Lakers to the Celtics to the NICS. To me, those are the kind of the pillars in the league when all those teams are good. I just feel like the NBA moves better. Oh, no question. You know, and then it's like a cultural phenomenon and it's just exciting. Beautiful. Beautiful. And then the game itself, you can appreciate the game, but it becomes more than even the game. Absolutely. Obviously Oakland is near and dear. I was born in San Jose and grew up in Sacramento. So you know, getting a chance to play for the Warriors for two different spins and getting a chance to win a championship was something that I hold close to my heart. But the only city that I can recall to ever lose three major sports teams, how do you replace the economic hit that a city like Oakland takes? I don't know how you do it, Matt. And you know, it is really everybody of those teams, the owners of those teams could have made a perfectly decent living, you know, return living in Oakland. And they all had their eyes on bucks. And you know, sports teams are really funny because at some level they're owned by the fans and they're owned by the community. But legally they're owned by somebody who paid cash money for them. And that person sometimes like the Roonies in Pittsburgh, it's like, well, Pittsburgh kind of does own the Steelers and they'd never do anything to screw that up. But some of the people are sitting there and they're basically trying to monetize the love and the passion and the loyalty that fans have. And when that happens, I just hate that. Just hate it. On your campaign website, it says you are running for affordability. And people may see and look at your background and like, well, this guy is a billionaire and what does he know about affordability or how can you even utter those words when you have that as your slogan? Explain what that means to someone who doesn't know. Well, first of all, I'll talk about affordability and then I'll talk about me. I mean, affordability everybody in California knows it starts with your house. You know, renting is incredibly expensive in California. And the ability to buy a house is running away from so many people. The average first time home buyer 20 years ago was 28 years old. And now it's 42 years old. And that means people are waiting 14 more years. And one of the things about housing, I mean, I'll get to all the other things that are too expensive like health care right now, like gasoline, like food, like electricity. But I remember when I bought my first house, I called my mom and I said, you know, it was California. And I was like, this is just ridiculous. This price is ridiculous, mom. We should keep renting. And she said, shut up, Sonny. You know, you're building a life. This isn't money. This isn't an asset. You're building a life with your family. What the hell are you talking about? Of course, you have to buy a house if you can afford to. Right. And that's true of everybody in California. You want to have a life, you know, it's different if you can build a family in a place that's yours. Yeah. And so, you know, and I'll tell you, I was a week ago, I was talking to someone who'd worked for UC. I know you went to UCLA and this guy was a someone who worked not as a professor, but someone who was a janitor. And he had worked for 20 years for UC and he was living in his car. Wow. So this guy fully employed, right? Very hard worker. I talked to him, seemed like a fantastic guy. And he's living in his car after 20 years. Yeah. And so, you know, to a very large extent, what's going on is that working people really are living. I mean, the cliche is paycheck to paycheck. But the truth is people can't make ends meet. And that's what affordability is. You know, affordability is a teacher who can't make their health care payments. Fully employed, doing a really important job, working their ass off, probably taking money out of their pocket for school supplies. And they can't afford their health care. I know, obviously, we could probably talk the entire episode about affordability and how we get there. So we won't do it the whole time. How can I feel it? Yes. There's an assumption somehow. I started a business. I'm the only person in my family who's ever started a business. You know, everybody in my family, I asked my mom one time, who are, and she said, I'll take exactly who we are. We've never been rich or famous. But we've always tried to participate in our community. That's what your family does. And my grandfather was a research doctor who never made more than 2,800 bucks a year. And my grandmother hated them for it. She wanted them to make some serious money because they, you know, very far from being well off. My mom was a teacher in public schools and then in prison. She went to the toughest public schools to try and help kids. And when she retired, she taught in prison for 10 years. My dad was a Navy vet who prosecuted the Nazis after the war at the Nuremberg Trust. My brother has been a children's advocate, an at-risk kids advocate, since he graduated early from high school to work in the public schools with my mom and teacher. My wife has done this. Everybody in my family has been about, what do you give back? Not what do you take? Right. But what do you, when at the end of the day, what did you do? And so I didn't understand it. I started a business. I, it was one room, no partners, no employees, no windows. It was an inner room. A box. Yeah. And I built a pretty big business. And I ran away from it. People say I left, I mean, I left billions of dollars on the table intentionally because I really didn't want that life. And I realized I wanted to be more like my family. Like those are their values. Those are my values. I felt like I don't want to die. And I feel like I had no end. How long into the process of establishing your company and getting the wheels turning and making great money, did you realize, okay, this is amazing and I could be leaving billions on the table, but this isn't for me. Realistically, probably, let's see, doing the math in my head. I did it for 27 years and probably for the last 10 years, I was trying to get out. It's not trivial to leave a business that you've built for a whole bunch of reasons. You have customers who think that the business will fall apart. If you're not there, you have partners who think the business will fall apart. If you're not there and you have people who are employees, all of whom were the people who paid for everything for their family. And I felt like I cannot screw up this business because all of the people who I've recruited, I'll be scorned. So if I don't do this in a took me forever and in the middle of it was the financial meltdown of 2008. That was I could have left a little earlier. What was the final day? What was it? Was it a buildup or was it just all of a sudden I'm done? December 31st, 2012, I basically said to my partners like in somewhere, maybe June, I said, look, not one more day after that. I'm not going to say one more day and I'm gone. So you better be ready. And because I refuse to do the same. People of color have been under attack through this latest administration and has become a target of the Trump administration in particular. What is your message to the people who are just scared to live come outside? I mean, we have ice at airports now because we can't find funding for TSA. Like people who are scared to just live, which is everyone's obligation and freedom to do. Well, my feeling about this, the way that everybody wins and the people win in this, the way that we overcome this, in my mind is we channel the civil rights movement. And that's a movement with a vision of what was trying to be accomplished. And, you know, it was the last time we had a corrupt, violent, illegal government action against Americans. True. And how did they win? By basically showing and I would say this, but it's true. Do you want to be on the side of the people who murder four little girls in church? Or do you want to be on the side of the people who are trying to get the money? Or do you want to be on the side of four little girls in church? And that's kind of our point has got to be how can people feel safe? Yeah, because they're with everybody else, the group and that everybody's standing up together and showing the world we're the law abiding. Open minded, democracy loving, freedom loving people persisting, succeeding together. Or do you want to be with these guys in the masks and the assault rifles and the terror and the stupidity and the violence and the cruelty? I mean, it's the exact same question. And it shouldn't be a hard choice. It's a but the hard part is for us to stick together. True. Come together first. It was an incredible accomplishment because people really did hang in. Yeah, and I think that's what we're going to have to do. And we're going to have to. I mean, there were famously some unbelievable. Visionaries and speakers to explain to everybody what the difference was and to make it clear. Paint the picture. Yes. And that was a huge part of that was so successful. Thoughts on Gavin Newsom's tenure. Are there some policies if you were able to become governor that you will move forward with and policies you look to improve on? Well, I. Oh, my God. We definitely need some change in California. And you know, I think Gavin and I probably share an awful lot of values. And I think we have a different style. We have a very different style. And you know, I think he was a different time and he was facing somewhat different circumstances. But I think we're at a point where we need real change in the state because I think this state is incredible. And I think the people of California are amazing in the fact that we're such a rainbow coalition is a gigantic advantage and blessing. And we're the most in some ways, we're the most successful state. But we're also the state with the highest percentage of people living in poverty, the highest inequality. And there's so many things we can be doing so much better because this state should be the state that shows the rest of the country and the rest of the model is supposed to what the model. Yes. And that involved, I call it shared prosperity. For prosperous, but it's not being shared. And 12 trillionaires and 40 million people who can't make rent is not success. It's got to be shared prosperity. And that is clearly we have a long way to go on that. We have a long way to go in education. We have a long way to go in terms of breaking down what I think of as the special corporate special interests that are, you know, in my mind have way too much power in the state overworking people. And that's why working people are suffering so much. Do you feel that the Democratic Party as a whole lacks unity and messaging? Ow, Matt. Well, let me put it this way. The Democratic Party for a long time has basically said we're not Donald Trump. It's like, okay, that's true. That's the good thing. That's a very good thing. But what are you? And I will say this. I don't think we're coming out of this the way we came in. We're not going back to 2012. No. It's like, I mean, we're watching our society be destroyed by President Trump. He's doing it. And we're going to have to remake it. And that is both extremely traumatizing, but a gigantic opportunity if we in fact can come together with a vision. Because it's not like we were perfect. And this is a chance for us to really invent the 21st century in California. God damn it. And yeah, it's a challenge. But yeah, it's an amazing opportunity for us. And I think too, and as a former professional athlete, getting into this space, I realized obviously stuff doesn't happen like this. And I feel like everything we fight for now and changes we make are things that our children and our grandchildren are going to reap the benefits of. And I think it's hard for people presently to understand that kind of commitment that it's not overnight change. This is a long haul change. I completely agree. And it's structural. Yes. It's like real change. But you know, I think I always say to people, it's hard to convince people in California we're in a crisis because you're sitting outside on a beautiful day and you're eating some really good food and the wind is wafting over you. And you could be in the beach. In a crisis, dude. You could be in the Redwood. You could be in the mountains. You could be in a lot of different beautiful places, but very true to your point. It feels like it's all good. Right. Just chill out. But actually what we're seeing is a guy who is screwing us 17 ways from Sunday. And you know, we can sit there. You can only take it so long. Look, I don't think this this war to me is the perfect, the perfect symbol of the stupidity and the cruelty and the shortsightedness of Donald Trump. I mean, we don't know why we're in it. It's costing us $200 billion, which is not going to education, health care, senior care, childcare. We're literally taking $200 billion and blowing it up somewhere half a world away for reasons no one understands. The price of gasoline is going up a lot. So everybody who still drives an internal combustion car is getting screwed to the wall. I don't think people have figured it out yet, but the price of food is going to go up a lot based on this. And basically he's playing golf and we're going broke. You know, we have this gigantic national debt that keeps going. So here is a guy who is incredibly reckless, incredibly foolish, taking American society and just classically destroying all the best parts of it, including UCLA, going after UCLA, because it's so great. Therefore, let's just talk. Yeah, let's take it. But like you said, everything happens for a reason. It's a tremendous opportunity to build from the ground up. And for people to understand, no one is going to do this. We are all going to you know, you're saying how can people feel safe? No one is going to this. Either we're all going to do this or it ain't going to happen. And that's our chance. And it's kind of like, okay, we get a chance to do something. You know, it's kind of like we get to play for the championship. So it's like, it's hard. But isn't that an opportunity? We get to play for the championship. I think it's hard to seniorly point out any one particular person. But in fairness, to be able to criticize California, I mean, you look at Oakland and the devastation they've been through San Francisco, LA and its homelessness. How in your opinion do we fix this? If starting day one tomorrow, you are the new governor. What is the first kind of call to action? Well, I'll tell you one thing I would do on day one. I would call a special election to revoke a corporate real estate loophole, tax loophole. It's worth $22 billion. And we can take that $22 billion and use it for two big things at least. One is to make our schools better. And one is to make our health care better. And we need the money. And so, you know, people never like to talk about taxes because it's like, you know, there's who likes to pay taxes. They're super unpopular. But in this case, it's a loophole. There's no reason for it to exist. Can you explain to those? Because I don't know the loophole you speak of to those that don't understand. And kind of give us the cliff notes of what you're talking about. But basically that corporate big corporations pay real estate taxes based on the value of their real estate every year, 1%. And the value of their real estate is being kept at 1970s level. So for instance, Disney is paying real estate taxes on Disneyland at 1970s level. It's like, did they not have enough money to pay actual taxes? Like is there some reason they shouldn't be paying tax on Disneyland? I don't know what it is. And you know, people who own huge skyscrapers, is there some reason they need a tax break? I didn't understand, you know, because obviously those are money generating assets and they're more valuable because they're making much more money. So why wouldn't they pay their normal, a normal tax rate? There's no reason other than they don't have to. And who likes to pay taxes? So if you had a $22 billion tax break, you'd be like, it seems fair to me. Right. I agree. And that's what they say. So, but that's, I mean, there are a lot of things I want to do on a subject. But you know, that getting money here so we can go after education so we can pay for our healthcare is a first step. There's a lot of other things I want to do in terms of housing and all this junk. But first, I have a plan on all these things. You've spent a ton of time on it. You know, I think I'm the only person running for governor who has an AI plan, an artificial intelligence plan, which is a gigantic thing that is happening right now. It's not going to happen. And if we're not prepared for it, then, you know, shame on us. Absolutely. Billionaires of late have become villains of the modern time. Their net worths have doubled and tripled in the past five years, but on the flip side, the regular American to struggling to make ends meet, middle classes shrinking. You say that fellow billionaires are going to hate you and you don't care, bring it on. What did you mean by that? They got to pay their first share. It's unfair. The game is way too big. And you know what? People come to California to make big bucks and they come here because there are a lot of industries here where you can start a business and create enormous wealth if it goes well. And you can't do it elsewhere. I mean, you can't go to Akron and do it. You can't go to, you know, they're very, very few places in. They come from all over the world to do it. And they feel like they made that money on their own and they should be able to keep it all. And I think that's complete bullshit because this is a system that it's taken hundreds of years to build that working people have built, that working people sustain and people have died for. You know, they come here because of rule of law, freedom, democracy, great education systems. They think just happened. People went and died in the mud for hundreds of years, mostly illiterate poor kids so that that system could live. And they come here and think, okay, I'm just going to rip that off. Not even close to fair in my opinion. And for all the working people here, if you get around the state and see how hard people work, how sincere they are, how much integrity they have and how much they're struggling and you put those two things together, it doesn't make any sense. And it's, I'm totally in favor of people succeeding. Totally great. But you know what? You belong to a community in a state. You belong, you know, community with a bunch of other people who are also working in the And those people, there's got to be a way that that all works. We're not going back to the lords of the castle and the surf. And it's really important and somebody's got to say that and they don't want to hear it. And that's why I said, they can hate me all they want. That's okay. Climate is one thing we're agreed, particularly right now is winning. We know the fossil fuels are destroying the earth and yet the administration has rolled back regulations. Can we talk about sports? We can get there. This is obviously climate is something that is near and dear to your heart. Yeah. Speak to that. I mean, we don't want to destroy the planet. And I want to say what I want to clear up one thing that not everybody knows. Everybody thinks that environmentalists are white people driving palm posts. It's not what people think. And why is there that stigma though? What do you mean? Why is there the stigma that's actually reversed? Why is it true? Yeah, I don't. It's because people aren't paying attention. And the closer you are to the natural world, the more in tune you are with the natural world, the more you want to preserve it. And I think there's also to be fair, a big correlation between whether you're a Republican, which is a pretty white party. But I look at it and I think I just don't want to be part of the generation that ruins it for all the other generations. And I don't want to be one of those people who, you know, there's a huge generational divide now in the United States with young people just so angry about getting screwed over. And I don't want to be one of the people who's sitting there selfishly screwing over young people, selfishly screwing over all the generations to come and not stepping up. It's like, not it. I just feel like we have an obligation to be responsible to the rest of the world. And why would we not want to take pride? You know, one of my big things is when you're on a team, you take pride in doing things well. You do take pride in living up to the standards of the team and making those standards really high so you can excel. Don't we want to take pride in our state? Don't we want to take pride in what we accomplished? Don't we want to take pride? All of us in what we show the world about our values and our integrity. I mean, we can do this. And the other thing that's great about it is fossil fuels are the most expensive way to do everything, not even including all the pollution. It's so much. This war is driving up oil prices. It's driving up heating prices. It's driving up food prices. And you know what? It's a great chance for everybody to change because it's way cheaper to be clean. People think it's sort of like, it's really expensive to do it that way. It's like bullshit, man. It is way cheaper. And that is the rest of the world is moving so fast towards clean electricity and away from fossil fuels. There are African countries that every year increase their electric generation by 50% in a year. And they do it without telling the government, without telling the electric company. They just put solar panels on the top of their houses and light their houses and heat their houses or probably cool their houses. But it's all over the world. And it's happening. The price of clean electricity of solar power and wind power is going solar wind go down 80% a decade. Fossil fuels get more expensive. So it's crossed over for the rest of the world. Why do you want to be in fossil fuels? What is good about a really expensive thing or you're subject to the whims of a war all the time and then everything goes bad? AI data centers are popping up pretty much everywhere. Most of the time they're in poor minority communities. Utilities go up, health goes down. Why are minority neighborhoods paying more to get worse? So let's be clear. That is a gross structural racial injustice. That is crazy for that to happen. The companies building data centers are the richest companies in the world. There is no way it's fair for anyone's electricity prices to go up because they come into a room. There is if you look at the history of pollution and toxicity in California and the United States, there's gigantic structural racism. They have always put the dirtiest roads, the dirtiest plants, all of the dirtiest. And you can go, I remember going to Fresno 10 years ago and a poor part of Fresno, two miles away from a well to do part of Fresno, had a 22 year lower life expectancy. 22 years per person. Two miles. Two miles. And it's the roads and it's the plants and it's the manufacturing. And we went in there and people are just crying because it was so obvious and so gross and it's been structural. And that's why when I talk about climate or the environment, I have a very straightforward plan of how to solve it. But there are only four rules and one of the rules is everything has to include environmental justice at the get go. If it doesn't, you've got to name it, you've got to analyze it and you've got to intentionally redress it because it's been a structural injustice for as long as there's been a California. For so long. And so if you don't, I think that whole idea we're not now we'll start afresh. That's ridiculous. We're going to start a race. You're going to start 50 yards ahead of me. It's like a Santa Fe race. And so there's like, when you look at that, and I didn't know that about data centers, but for the idea for that to be possible is just wrong. He said, give me the other three. Just give me one. Okay. Here are the four rules. The polluter pays. Like you want to pollute, pay me. Like you don't pollute for free. You know, you're going to dump stuff into the air, the water or whatever. No, you're going to make the climate so hot that people lose their houses in Altadena and Pacific palace. Pay me. Polluter pays environmental justice. We have the technology deploy the shit out of it. It's here. It's cheaper. You know, we, there's a $26,000 EV that goes 400 miles in China. It's cheaper than American cars and it's way cheaper to run it. I think at this point you say somewhere between these gas prices, you say between 10 and $20,000 per car over the life of the car by not having to put in gasoline. So I'm just saying, so deploy it. We have the technology. There's no reason for us ever to build another fossil fuel plant. We should be getting off this stuff as fast as possible. And the last one is we are going to have to suck. This is, you know, people don't think this way, but we're going to have, what we're basically doing is building a layer of carbon dioxide in the planet that warms us up and we're going to have to suck that carbon dioxide back into the ground or back into the ocean. And it's actually not that hard to do because we just use photosynthesis, the natural way of building trees and plants. We're going to have, but there's a lot of technology to make it work. And it's here and it's invented in California and they're huge businesses and the farmers and ranchers can make a lot of money off it. So why don't we just do that's my fourth rule is like, let's do that as fast as possible. Because otherwise we're screwed. So why not not be screwed? I hear that. Let's take it back a little bit. New York guy, they came to beautiful sunny California. Your brother didn't give you a choice to go to Stanford business school. When you first got here, what were your thoughts? Well, for someone who likes to play sports and likes the out of doors, it's like a dream. Wow. This is great. It really was. It was one of those things where I felt like I rode my bike to school. I got to do whatever I wanted to do every single day outdoors. And it was kind of hard to believe, to be honest. And I felt like the other thing that's true about California that people don't talk about and I think is traditionally we're so much more optimistic. You get out here and people are like, it's a great day. Let's do something. And people and you say, well, this is a problem. They're like, great, because there's an easy fix for that. We can do that. And I really appreciated, you know, in the, there's a financial famous financial meltdown in 2008, whatever they call it, the great financial crisis. And this guy calls me up from New York, who's working at JP Morgan, who went to Stanford business school. And he said to me, how is everybody on the West Coast? And I go, well, you know, David, on the West Coast, if it's a nice day and you own a bicycle, it can be a really good day. And he goes, no, no, I'm talking about the financial crisis top. And he said, yeah, I'm talking about the financial crisis too, because there's just a different value structure in terms of what matters the most. And I think that, you know, I really value the idea on the West Coast of your whole life, like how your family is, how your health is, you know, what you're doing that's fun, being open to new experiences. It's very different. What's your hoop game like? Listen, it's very embarrassing to talk about hoop in front of someone who played in the NBA. But I'm from New York. So New Yorkers have a big mouth. And they believe in a lot of pride too. They believe they're going to do. So I will say this, I played hoop my whole life. I was the most valuable player on my high school basketball team, which had something like 250 boys in my senior class. So I like to play hoop my freshman year in college. I played JV soccer, JV basketball, and JV tennis. And I thought I could play all these sports at the D1 level. And then I realized I'm not even going to have a chance to play these sports at the D1 level because they won't let me, you know, I can't start playing basketball after the soccer season. Everybody on the basketball team starts the first day of school. And so I'm going to pay three months and then I'm going to walk on. If you're Bo Jackson, you can do that. But it has to be you walk on, you're so clearly the best person on the team. The coach is like, whatever you say, Bo, that works for us. I'm not Bo Jackson. So I felt like if I'm going to start in any of these teams, I got to choose one. I chose soccer because I can play 10 positions. I can play two positions in hoop. The tennis team I didn't want to play on. So I played soccer my four years since Capcom, my college soccer team. I also love soccer. I love basketball and soccer. What was your best position in soccer? You know much about soccer. Yeah. Yeah. Okay. I played basically center back. Okay. And if you play center back, you get to play corner back, which means you can see the whole field. You can distribute to the whole. It's not quite like playing point guard because you're playing D. But when the ball moves, actually you are. And we had it so that I could run up. Okay. So you could really kind of play point. Both sides. And you could, you know. Okay. What drove you to get involved in politics? You know, you worked on a campaign in 83, supported Bill Bradley and John Kerry. What got you kind of going that direction? I feel as if we need a change. I feel like there are some real challenges for us. And I feel like every one of those challenges, just as I was saying about high prices is a huge opportunity for us. Yeah. It's a huge opportunity if you know what you're doing, you can make it happen. But it's a real ass challenge. Yeah. If you don't know what you're doing and you don't have a plan, then it's just a pain. Then you look like the president. Yes. Yeah. Well, he creates the problems. Yeah. But he doesn't have a plan. He doesn't have a plan. You look like the president. You know, we have a chance. But we really need, you know, it's sort of like the civil rights movement. If you look, excuse my saying, like, how did that work? People were really organized. They were really smart. They were really disciplined. And they had a plan and they stuck together and made it happen. If we do that, we can turn the disaster, which was Southern criminal behavior towards black people into something glorious. That's what they did. Well, we have a chance to do that. And it's like, why do I want to do that? You know, why are we on the planet earth to do stuff like that? Don't you think? I agree. Make it better than when you left. Have it better when you left. Leave the campsite better than you found it. There you go. But it's really true. To feel like we made our country. You know, it's a link in a chain. You know, one of my friends at his memorial service, someone stood up and said, he's proof that if you solve the problems during your life, you're not thinking big enough. And so we're a link in a chain. If we think we're going to solve justice, people, very great people have been working on justice. People are going to be working on justice. We better be working on justice. You know, in every one of these people have been thinking about the natural world. People are going to be thinking about the natural world. In every one of these, it's a link in a chain and we should be make sure that we're not the weak link that in fact we're powerful. The state of media, the Ellison's and Trump are rolling up on everything. Independent outlets on social media, like what we do over here and others. How can we fight back? They're monopolizing mainstream media, but I feel like now more than ever, independent outlets are as strong as they've ever been and people are tuning into these individual outlets to get their daily source of information. How do we fight back? Well, you're probably smarter about this than I am. I mean, the way that I would think we, you know, media traditionally was like these very straightforward channels. And then it was, you know, then it was 500 straightforward channels. But now it's like whoever's interesting. And so the question is, are they buying the old stuff and can we be the people who are making the interesting, true stuff so that people say, I'm not going to go listen to that jackass. I can go listen to Matt Barnes and I can find the truth in a fun way. And I'm going to do that. You know, my kids never, I never watched TV, TV news ever, ever. And my kids don't ever watch TV. Period. Right. You know, they get all of their news online. They get all their news from sources that they consider to be entertaining and funny. And you know, it's so the answer is if we can be smart enough, we can kick their ass. But they are buying all of the straightforward media outlets. They have no question. And you know, I saw that they got rid of CBS news radio that's been working for 100 years. You know what? Too liberal. You should shut that down. And, you know, they're bought CNN. You know, they're going to. But CNN was only invented in like 1980 by Ted Turner. You know, we need a new Ted Turner. Matt. Right here. But isn't it as long as you're my partner, we're in. But isn't that the point? About telling the truth? Yes. I mean, look, these guys are lying their ass. They're professional liars. They're good at it. They're consistent at it. We have to make the truth, you know, popular again, fun, interesting and right. Because I do think people are watching this. You know, the old saying, who are you going to believe me or your lion eyes? Well, you know, it's like at this point, the cost price of gasoline is a thing. All the bullshit they're pulling sucks. And the and it's like the news is coming in and it's hard to do. They are denying it. And you was credible. You say it and you say a lie enough, it starts becoming the truth. That's the Hitler move. Yeah. Yeah. The big lie. You just keep repeating the big lie. They believe it. But I also think it's sort of funny because you watch Donald Trump and you can see this man is lost the threat. He has really lost because it's like at some point you can go home and tell your mom, you know, I got an A on the test. What could I see your report card? I lost it. It's like you can pull that for a couple of times, but mom's not that stupid. And he's telling people I've lost my report card now so long. Every day I'm ending wars, but I haven't talked to the other side. I want the Nobel Peace Prize. That's the most ridiculous thing I've ever heard. Unbelievable. Outside of work and business and stuff that has gotten you to this point, what kind of guy are you? Well, I am somebody who really needs to play sports every day. Okay. What is your what is your sport of choice at this time? The things I do these days are tennis. Okay. You only need one other person to play tennis because you're a tennis guy. I thought it's on paddle ball or excuse me, pickleball. How could you be against Americans outside doing something fun and being active? You don't hold a grudge to that. Okay. Americans need to be more active. Do something. They want to play pickleball. Do something. Do it. That's a real workout too, by the way, or those of you turning your nose up to it. Go ahead. Am I? No, no, no. I'm talking about others. Oh, no, I, I, I, I love, I still love to, I play any ball sport. Okay. Because that's fun. You golf at all? You know, I have this problem with golf, which is I played golf when I was a kid and I got in fist fights on the course. Two competitive course. And I decided, you know what? Maybe it's not. People don't like it when you do that in golf. No. Like fist fights on the 18th green are not for a friend. I mean, happy, happy Gilmore is okay with it, but outside of that, I don't know about that. Have you ever seen someone getting a fist right on the golf course? No, I've seen it online. I've never seen it personally. I had to stop. Okay. I literally was like, I'm not going to play this sport anymore. You mean you need money to start hanging out because I got your back. Yeah, I got your back. We're a foursome and those two guys are going down. Whoever wants it. But I will play any ball sport. I also love being in the woods. Okay. I mean, I love to be on whitewater. I love to climb out and I'm trying to climb all the 14,000 foot peaks in California. Okay. I like to be in the woods. I really dig that. Outside is your thing. I love it. That's right. One message to Californians when it comes time, why should they vote for you? I am the most prepared person here and I will never, ever not stand up for working people. Ever. I will die on that hill. I love it. You heard it. Oh, is there any greater value out there than giga clear full fiber from only 19 pounds a month? It's out of this world. Speed and reliability. Fast upload and downloadiness right here in rural tranquility. Saturn's rings. Is that a bull? Gigaclear. Faster broadband for rural Britain from only 19 pounds a month. TZC's apply. 18 month contract. Prices may rise during contract. Check availability at gigaclear.com. All right. Quick hitters. First thing to come to mind. Let us know. What California city other than LA and San Francisco will grow the most in the next 20 years? Will grow the most? Will grow the most in the next 20 years in your opinion. Well, the place is going to grow the most is Riverside. Riverside. Yeah. Okay. It's true. A lot of space out there. Fastest growing can. Last album you listened to front to back. Harder they come. You know who's that by Jimmy Cliff. No, I'm not. Oh, shut up. You got it. You got it. You got to put me on Jimmy Cliff. Oh, wait a second. You got you never heard it. Oh, it's an unbelievable album. I need to hear it. It's like the original reggae. Okay. Before Bob Marley. I know. I someone spoke to this. But yeah, of Jimmy Cliff, but you're the second person that I think told me that. I don't remember where the first person, but now I have to listen to that. Oh my God. And I'll get there. And there's a movie of it. I'll get my materials ready. Okay. Harder they come. Okay. It's about a guy who is a, he comes to town. He becomes a reggae star and he murders somebody. Oh, wow. It's about the murder and then him fleeing the cops. Wow. Okay. And it is, I remember the first time I saw it, I was like, oh my God, he just slashed that guy in the face. It's like, oh, need to check that out. Oh, it's incredible. Jimmy Cliff. And the music is incredible. Okay. I'm on it. Next time we talk, I'm going to have a little breakdown for you. Favorite restaurant in California. Favorite restaurant in California. Favorite restaurant. I'm running them through my head. I went to my favorite recent restaurant. I was in Salinas and I went to an amazing burrito. Oh, really? Holding the ball. Call El Churrito. The family makes their own tortillas and they've been doing this for 51 years and it's like every generation is back there rolling tortillas. I love it. I'll roll something else then we'll go eat something. We'll go eat something. You roll me one, I'll roll you one. You heard of your first, don't play. Tell me about, I've tried to tell people, because I've only been a handful of times, but I love it. Sausalito. I mean, Sausalito is right on the bank. So if you want to take your boat out, if you want to go eat some really clean food, if you want some fresh air, or if you just want to wander along. It's not as beautiful. I've been there like twice. It's just beautiful. Look, the Bay Area is gorgeous. Yeah. It's people, the New York Times was saying, you know, we live in a hellhole. And they're like, really? Have you looked outside of your... You've been here a lot. Come on. Right. Okay. Sausalito is on the California coast. There's no part of the California coast. It's not beautiful. I mean, there is no part where you couldn't go like, yeah, that works for me. What are we doing here? Yep. All right, I'm going to put you on the spot. Top five NBA players in your opinion of all time. Karim. Okay. Wilt. Okay. Jordan. Okay. Lebron. Steph. Oh. You got to say Steph. I'm not mad at that. I'm not mad at that at all. It's not just because I live in the Bay Area. I'm not mad at that at all. I mean, if you look at those five, which of those, I mean... Who's changed the game the most? It could be the last person you said. Most recently, Steph changed the game. Wilt changed the game. Yep. Karim. The person who I left off, who is... I did that off the top of my head just going sort of chronologically. Bill Russell, man. Mm. I mean, for somebody... And he was the first black coach. He was the USF too, didn't he? USF from Oakland. Yep. Went to Oakland Tech. Mm-hmm. What? Mm-hmm. We got an Oakland guy in the house. But I'm just saying, I mean, in terms of being a spokesperson outside the game as well, Bill Russell's kind of... All right. This isn't on the board, but since you are such a Warrior fan and you do like Steph as much as the rest of us do... Well, he is really good. He's incredible. I mean, yeah. I mean, how about the Olympics? I am not doubting... I am not doubting anything you're saying about Steph. I love Steph. Where did the Warriors go from here? So I agree because you look at that team and they've been incredible the whole time it's been there. Would they have... What would they have been without him? I mean... A hole in the wall. Mediocre? Yeah, at best. Honestly, I mean, the really great players in Hoop make everybody better. You know, you look at all those people on the bulls who played with Jordan and they're like, great players. Without Michael. Yeah. I mean, you'll never know. You'll never know. But Steph, when Steph's in the game, all of a sudden... Everybody plays at a higher level. Everybody's, you know, going into the Hall of Fame. Seriously. Yeah. Literally. Yeah. You know, it's like, you know, replace it. Replace Steph Curry. He's a generational player. And not just that. He's such a great team player. He's a great leader. He's a great person. It's like, give me a break. Right. Like, there's so much good about him being on a team in addition to the fact that he's this phenomenal player. Yeah. Well, we live in a society now in sports where the greats don't stay. The greats jump around and try to maybe go do... I feel like Steph is going to be a throwback from that standpoint. And I think he's going to... I didn't thought about that. Because he's just assumed in the Bay Area, we're going to get rid of the Golden Gate Bridge. It's like, what? It's impossible, right? I mean, you see, I mean, Joe Montana left the Niners. You know what I mean? So you never think that stuff like that's going to happen. You know the one that's the heartbreaker for me as a Warriors fan. Kevin Durant. Oh, that was hard. If he stays with the Warriors, we... It's another two or three rings. I mean, we do nothing but celebrate. Another two or three rings. Don't you think? No question. It was like... And he's a great player and he seems like a really good guy. I obviously don't know him, but it's like, come on. That was a big hit. KD, please. That was a big hit. Yeah. Some internal shit went on over there. Nice. So you're hoping that he rides until the sunset as a Warrior? Well, you know, really great athletes do it on their own schedule. And you know, you can't tell a Jim Brown leaves early and, you know, some people play until their Gordy Howe plays till he's 56 years old or something. So I can't tell. I don't think that Steph Curry will be playing if he can't be, you know, absolutely top tier. Last question. I guess you would like to see on all the smoke. Did I like to watch or who I think it's important for you to talk to? Whatever you want. Important for me to talk to. You know, I think you really get a kid who should come on here? An older person. Jane Fonda. Oh, let me know. Because you know, she's a rebel. She's willing to take a stand. Tell her how it is. In a good way. She's smart and very articulate and, you know, clever. But also somebody who's taking real shots. You know, people used to just hate Jane. Just hate her. And she rode right through it. And she's done, you know, I wrote a book and Jane did a... It was the best seller, by the way. It was. But congratulations. That's not that big of a deal. But that was good to say. So Jane did a book talk with me. Oh, did she? You know, you get a bunch of people in an auditorium and they come to see Jane and they hopefully buy my book. And so Jane is so polite. She's like, you're a New York Times best seller. Jane Fonda's book was number one on the New York Times best seller for so long that they had to redefine best seller so someone else could be number one. She never said that. I mean, she had completely crushed it. You know, she's got Oscars. She invented sort of the fitness revolution. All these things. She never says anything about it. It's always about the next thing. I think... That'd be interesting. I think you'd get a big kick out of her. Never thought about that. I like that. Well, Tom, thank you for your time. Deal, man. That's a wrap. Thank you for having me. Tom Steyer, you've got to catch this. Is this the next governor of California? It's up to you. But thank you for your time, man. Appreciate you. That was good. Appreciate it. I think you can do this thing. No. This is an I Heart podcast. Guaranteed human.