Episode 225

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Published on:

28th May 2026

Free Lunch? AI, UBI, and Who's Really Paying the Tab (Full)

A third of American workers are one missed paycheck from crisis, and AI is repricing the assumption that human labor has permanent value faster than any safety net can respond. Jerremy Alexander Newsome and Dave Conley open their UBI series by naming what dissolved the American Dream contract — and pointing to three real experiments that prove giving people a floor doesn't produce laziness: the Alaska Permanent Fund, the Cherokee Nation dividend, and the 2021 Child Tax Credit. The conversation runs the full length — what $1,500 and $15,000 a month actually change in a person's life, why crime data makes the case nearly unarguable, and why Jerremy calls Social Security outright fraud while both agree it should be replaced with UBI for anyone under fifty-five. Dave argues the program has to be constitutionally locked in as Amendment 28 or it gets captured, while Jerremy nominates Vitalik Buterin, pitches a working solar coin concept, and draws a direct line between Bitcoin's 2008 origin and the thesis of universal basic currency. The failure scenario isn't a policy dispute — it's WALL-E and Idiocracy, and both agree shame still has a role to play.

Timestamps:

  • (00:00) Free lunch or global socialism – which one does UBI actually deliver?
  • (00:02:37) The dissolving deal – AI reprices the American labor contract, fast
  • (00:08:14) Trust at historic lows – one-third of workers one paycheck from collapse
  • (00:12:06) Funding the floor – loopholes, tax reform, and the negative income tax
  • (00:16:12) $1,500 hits your account tomorrow – what changes and what doesn't
  • (00:19:00) The $15,000 threshold – where financial freedom starts feeling real
  • (00:25:19) Lazy or motivated – where people land when the pressure actually lifts
  • (00:30:27) Crime tied directly to poverty – inject money and watch what happens
  • (00:38:53) Social Security is fraud – Jerremy makes the case, Dave agrees it's toast
  • (00:44:59) Amendment 28 or nobody – no institution can be trusted without guardrails
  • (00:48:04) Vitalik and solar coin – Ethereum, energy credits, and a live vision
  • (00:52:07) Bitcoin as universal basic currency – borderless, ungoverned, and the template
  • (00:57:13) Fewer wage hours – why that trade-off is actually the success metric
  • (01:03:19) The WALL-E scenario – complacency, base desires, and the role of shame

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Transcript
Jerremy Newsome:

Ladies and gentlemen, welcome to another series

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of Solving America's Problems.

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I am quite excited about diving in,

learning more, and peeling back the

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curtain to unlimited free lunch, where

money is just created out of thin

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air and just handed to people, and we

step into a brighter future of less

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work, more time, more money, opulence,

more abundance, Or global socialism.

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Which one's gonna happen?

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We're gonna get to

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Dave Conley: Or disaster.

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It c-, it could be either way.

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Jerremy Newsome: It's gonna

be a beautiful discussion as

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Dave Conley: Oh my goodness.

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Jerremy Newsome: and we'll just

dive into UBI, which stands

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for Universal Basic Income.

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we've already had some

mindsets shift, which is fun.

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We've always had...

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already had some cool

discussions about it,

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Dave Conley: Yeah.

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Jerremy Newsome: now we

get to learn even more.

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Dave Conley: I'm stoked to--

Well, I, I'll take that back.

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When you, when, So behind the scenes

here, you know, like we, w- we're,

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you know, we, we have a list of like

topics that we like to cover because,

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you know, like we cover these topics

over, you know, five, six weeks, have

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a bunch of different guests and, you

know, like there's a bunch on there like,

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"Oh, wouldn't it be cool to do this?

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Who-- Wouldn't it be cool to do this?"

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Like our last one was on, you know,

wrapping up and people are listening

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to this is, is on, on, you know, like

he work situation coming into:

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and sort of the deal there, and that

turned into like this big AI discussion.

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And, when I was, hitting you

up a few weeks ago, I was like,

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"Hey, what's, what's next?"

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You know, like start the research.

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And you went UBI, and on

the inside I went, " Ugh."

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I'm like, "No."

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And, but, soldier up, put on your big

boy pants, and I started looking at

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it and started digging it, started

doing the research, and I started

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getting really excited about this.

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And I hope, I hope this excitement

comes through because I already have,

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you know, some changes of attitude,

changes of, of thinking on it, and

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I'm really, I think this is gonna

be like really clutch and really

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important coming off of, the discussions

about, work and, the social contract.

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What does it mean?

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I say a lot about is something

a pro-human or anti-human?

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That's where I see the world.

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I put it through those two lenses

first, and UBI is one of those

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definitely pro-human things.

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I don't know.

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What sort of was your, W- what

were you thinking when I was

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like, "Hey, what's the topic?"

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And you're like, "Oh man,

can't wait to hit up UBI."

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What was what's your

origin story on this, Mr.

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Superhero?

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Jerremy Newsome: Yeah,

no, it's it is that, man.

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It's the, it, it's the excitement

of if we get this correct and we

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really nail it from either a policy

standpoint, a company standpoint,

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corporate standpoint, political

standpoint Human standpoint, right?

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We can do really beautiful

things with this idea,

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There's al-already versions of

it that I don't think people have

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either realized or tapped into or

figured out or become truly aware of.

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We already are sprinkling around it.

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And although I don't know and I haven't

found the person who was 100% originally

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the, the thought leader of UBI or the

creator of that term, but what I can

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say is a really unique concept, and

it's a concept that probably didn't

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really as extremely prevalent as it is

now until the machine, AI, robot doing

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all the work for you really took over,

because that's the other aspect to this,

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is it has to be in connection with...

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In my opinion, there has to be some

level of connection to humans do not

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have to do as much physical work,

therefore, there is something that is

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able to create income for them, whatever

that is or whatever that might be.

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Dave Conley: So maybe we kick this

off with what the, what our thesis is,

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because this is gonna be like the running

theme through this, how we're gonna be

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introducing this, how we're gonna get

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Jerremy Newsome: Yep.

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Dave Conley: like the pros and

the cons the experts and the

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everyday folks around this.

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So what

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Jerremy Newsome: Yeah.

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Dave Conley: Star, you

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Jerremy Newsome: Yeah.

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Dave Conley: lay it out for us?

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Jerremy Newsome: Here's...

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So here's the deal that held

America together for a century.

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It's dissolving.

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So this w- That's what we talked

about in the previous series.

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Work hard, a living,

build something, right?

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Go to work for a long time, buy

your house, create a business,

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and that contract assumed that

human labor had permanent value.

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Dave Conley: Yeah.

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A-and it was that we trade ti-

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Jerremy Newsome: Yeah.

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Dave Conley: yeah, we ta- we

trade time and effort for wages.

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Jerremy Newsome: Yep.

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Yep.

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Precisely.

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Precisely.

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So artificial intelligence, AKA AI,

is gonna reprice that assumption

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faster than any policy school

or safety net can respond to.

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So universal basic income

kept popping up as an answer

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or some level of are there going

to be people displaced from work?

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Answer, yes.

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How many of them?

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How quickly, over what period of time?

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Those are the numbers we don't have

the answers to precisely, but again,

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kept popping up and reemerging as

a solution, a potential solution.

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And we have data presently from Alaska

49th state in the United States, I

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Dave Conley: Yeah.

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Jerremy Newsome: the Cherokee

Nation which is quite fascinating.

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And then you have the

:

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Dave Conley: Huge.

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Jerremy Newsome: Those three aspects,

those three policy decisions, let's call

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it, actually says that UBI can work.

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Dave Conley: Yeah.

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Jerremy Newsome: get lazy.

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they become released.

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They become free to do what

they actually want to do.

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so the question that I think our audience

is gonna carry into the conversation isn't

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whether it works, because I believe that

the inherent core human desire, everyone

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I've always talked to about their money

goals and their trading goals, they're

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always like I want financial freedom."

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Dave Conley: Yeah.

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Jerremy Newsome: And then I go,

"Okay here's how you can paint this

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financial freedom," and my thesis

is always you can do something."

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That something generally is the ultimate

belief that you're moving bits around,

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And metaphysically, and you're becoming

a new vibration, you're becoming a new

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consciousness, you are up-leveling your

ideas and beliefs and identities around

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money and around currency and who you

are and what value you create and how you

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create that value, and so on and so forth.

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So I can understand the aspect of

if you are financially free, you're

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now able to do the things you want

to do, which will make you happier.

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And if you are happier,

you're more fulfilled.

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You're more fulfilled,

you're more purpose-driven.

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You're more purpose-driven, you're

gonna pour into the community more.

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If you pour into the community more,

generally is going to be a better place.

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So the question that we probably

need to start asking in our series,

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Dave, is like, who's gonna run this

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Dave Conley: Yeah.

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Jerremy Newsome: and Shia LaBeouf?

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Who's gonna run it?

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What do they want in return?

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Dave Conley: Right.

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Jerremy Newsome: That's

the big one, right?

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There's no such thing as a free lunch.

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Someone's paying for it somewhere,

doing something for some reason.

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Dave Conley: Yeah.

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Jerremy Newsome: So now that's what we

gotta start answering, and then I do

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wanna continue to deep, deep dive and

let everyone know and let our listeners

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know about Alaska more and the Cherokee

Nation and the:

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and how we think that is a s- to a

UBI that, that actually does work.

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Because Right.

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now, the United States, our trust,

I feel it, you feel it, right?

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It's at historic lows,

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Dave Conley: Right.

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Jerremy Newsome: and there's

a third of the workers in the

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United States of America that are

one missed paycheck From crisis.

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right?

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From crisis.

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we're gonna find out whether those

two facts can exist in the same

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policy and what it costs either way

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Dave Conley: I, we couldn't be having

this discussion at a better time.

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you know, if with the state of the

world, state of the economy, state of

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where people are, I think there's a

lot of, lot of reason for people to

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either put their head in the sand and

be like, "Ah, la la la la la la, I

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can't hear anything," until something

affects them that really touches them.

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Or, you know, like they can be in

it and be like totally freaked out

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and frozen, like, you know, flight

or, flight or fight or freeze.

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And when, when people like yourself

who I, I'm supporting for higher office

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are coming up and be like, "Hey, you

know, like there are real things out

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there that we can hang our hat on.

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There are real solutions out

there, and they are probably a

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lot less, expensive and a lot

less complicated than you think."

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And even if you've lost the trust in

institutions, the loss of the trust in

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academia, in government, in, in the people

around you, and in the communities, you

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know, like there, the, it doesn't mean

that good things can't happen, because

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good things do happen all the time.

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And I think I'm excited about like

pitching this as a, as a real positive

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thing, and, being like, "Okay,

here's a really great idea, and

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we've tried it in a couple of places,

and, and it, and it keeps working."

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and like the experiments are real,

and people are more free, and

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like there are downsides, like

there are downsides to anything.

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But nobody would look at the current

system and be like, "Perfect.

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This works great," you

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know?

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And every time that people feel the

most disconnected from themselves,

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from the communities, from the

government, then bad stuff happens.

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You get craziness.

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And when, when, when people with power

recognize that and not, don't necessarily

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act in the best interest of everyone,

but act in the best interest of like,

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"Hey, if we do this, then good things

happen for, for everyone," right?

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You know, it's like I can act in my

best interest, and good things happen.

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That's how you get like the New Deal.

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That's how you get the war on poverty.

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That's how you get, you know, programs out

there that, that mean that we don't we can

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have reasonable revolutions rather than

crazy revolutions that are out of control.

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Because, those things are...

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Like, like this, it

came up in the research.

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We'll probably hit it a little bit later-

This was first proposed, UBI was first

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proposed by Milton Friedman, of all

people, like the godfather e- godfather

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economist, and frigging Richard Nixon.

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This was like a big piece.

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He was like, "Man, we gotta do this."

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It's like he wanted to be known as

like the, the international, you

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know, president with, you know, trying

to end the Vietnam War and trade

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with China, and he did all that.

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But he was also like all over it, like,

"Hey, by the way, we need this UBI thing."

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And I'm like, "Who?

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Really?"

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That, that was not a, that was not

a, not a president that I thought

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would be like the big champion of UBI.

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Come

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Jerremy Newsome: It's...

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I don't know, man.

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It's k- it is fascinating.

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It's a fascinating discussion.

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And one of the things I would like

to, and I'm telling us this so that,

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Dave and I can use this information

for research later, but I would

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love to compare it to Medicare,

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Dave Conley: on.

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Jerremy Newsome: Medicaid,

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Social Security,

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To just discuss okay if you remove those

unfunded liabilities potentially and

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just roll it into, all right here's UBI,

here's the pot it works, maybe instead

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of corporate tax being as high, right?

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again, you have some kind of pool

in there where corporations, instead

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of fleeing the country because they

have to pay so much in taxes, and

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then they don't have to in other s-

countries, then we make that legal.

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Huh?

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Sure.

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Just go open up your headquarters in

other countries and use their filing

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system and use their tax to avoid the U.S.

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taxes, right?

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Dave Conley: Yeah.

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Jerremy Newsome: of a harp on that and

some of that because you're like, "Hey,

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we actually need to do this," then,

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Dave Conley: i...

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Jerremy Newsome: I

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think that's gonna be an

interesting one, but...

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Dave Conley: we could have a whole

thing on just how it's funded.

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I think,

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Jerremy Newsome: totally.

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Dave Conley: and maybe we should.

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I, I, I wanna figure that one out because,

you know, the part of it is, is that

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the functions of some of those programs

we do, I think we still need some of

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the functions of the programs, right?

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And how those are paid for are like,

well You know, simplify taxes and close

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a bunch of r- loopholes so that, there's

a fairness to our tax system where,

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you know, like the corporations, you

know, like Amazon paying zero, right?

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Effectively, Right.

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You know, like using teams of, uh, you

know, like the Fortune, the Fortune

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20 coun- uh, countries companies.

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Countries, yeah.

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You know, like are they paying taxes?

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It's like well yeah they're paying some

taxes, but like, you know, like they,

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they, they have, you know, legions of,

of lawyers and accountants to ensure...

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I mean, we had a tax expert on,

which is like, "Okay this tax code

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is built so you don't pay taxes."

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I'm like, "Fine, great."

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you know, I, I...

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There's a, there's a, a, a

fairness that, you know, like

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where there's a donut hole, right?

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Like if you make over a certain amount

of money, you pay a lot of taxes, and

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if you make under a certain amount

of money, you pay a lot of taxes.

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If you p- make a lot of money, you

pay a lot less, and if, if you make,

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uh, less money, you pay a lot less.

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And so like there's this vast middle

that pays for a lot, and then it

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doesn't matter because we just print

money and, and put it on credit cards

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anyway, so it's like why pay any taxes?

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So, and then on the other side

of this that came up in, in my

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research was, hey, by the way, you

save a sh- a shit ton of money.

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Like the, the money that you

aren't spending on, on, drug

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addiction, on, on policing, on,

you know, uh, on, social services.

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The s- social services like in a

Cherokee Nation or in Alaska, they're

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still there, but they're wildly

less utilized than anywhere else.

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and it's like, so you can actually

tune those to, you know, uh, to,

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really focus on what is best, you

know, like for the people who really,

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still fall through the cracks, rather

than having it as Medicare as this,

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this, or Medicaid as this blanket.

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Medicaid gets to be very focused

and a lot less expensive.

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And I, I love that it can introduce a

lot of efficiency into a system, and

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it hap- has to happen at the same time.

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If you put in this program, it can't

be just this and a lot of other stuff.

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It's gotta be this and reform, and

those two things can go together.

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So yeah, I think we can have an,

a totally an episode of like,

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okay, how do we pay for this?

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Like realistically.

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Like one of the, one of the things

that was really simple, from one

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of the economists I was listening

to on one of our podcasts, that

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we had for, for pre-work was,

look, we've been talking about a

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negative income tax for a long time.

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You already have a

standard deduction, right?

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And you just increase

that standard deduction.

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And for, people who are making money,

they, they get that standard deduction

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and they still pay taxes, and people

who are not, then you get the negative,

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you get the negative income tax.

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You get that money back.

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It's just...

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And we have the function.

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It's built into the tax code.

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So re- you know you pay your

taxes, you take the standard

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deduction, and there you go.

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And I'm like, "Oh, okay, so

it's not even that complicated."

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All right.

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Jerremy Newsome: Yeah.

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Dave Conley: So let's, I'll put that

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Jerremy Newsome: yeah,

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Dave Conley: on the to-do.

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So let's...

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Jerremy Newsome: the

to-do, how do we pay I

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Dave Conley: it?

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Jerremy Newsome: to know.

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but also I think l- let's ask this...

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Let me ask the thesis of the

question, which is UBI to

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Dave Conley: Yeah.

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Jerremy Newsome: And I'd like to just get

your initial gut reaction, if you will.

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Okay, you have 1,500 bucks a month

landing in your account starting

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tomorrow, guaranteed, no strings, forever.

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What is the first thing, Dave,

that would change in your life?

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Dave Conley: I think it would, it

would s- uh, smooth out, you know, how

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my, my, you know, like y- I mean, you

know how, how I, I fund my, my life.

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You and I are, are a part of that and,

and how, you know, the investments.

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And so it would smooth out some of

that, thing, that, you know, sort

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of like the day in and day out.

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It would cover sort of like the, you

know, sort of like just the, the,

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the daily expenses of, of living.

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And realistically, I think with, you know,

$1,500 landing in my account, I think I

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would also consider ways of how to not

necessarily spend it, but to give it away.

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yeah, like you, you've taught me that.

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It's like, okay, hey, you, you just

made killing on, on this great stock.

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You know?

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Like, take money out of your

account and give it away today.

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And so getting into that habit of really,

you know, sort of institutionalizing that.

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I did just get a credit, in, one of the,

the, one of the services that I, I, I use.

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and, I turned it right...

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And it was, it was n- not insignificant.

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I was, like, really surprised.

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It was hundreds of dollars.

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And, I immediately, wrote them back

and I said, "How can I spend that

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on the staff of the organization?"

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And

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They were, sort of, like, taken aback.

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And I'm like, "Well, it's, it's

kind of free money, right?"

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You know?

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It's like I don't necessarily

want to, um, get, I don't know.

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I it the most selfish thing I think I can

do is to try and, spend it for others.

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And, there's a certain

sort of magic to that.

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Not to say that I would be super

altruistic and I'm gonna be

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like, "Hey," "making it rain."

347

:

I can't pretend that I'm going

to be like this guy like this.

348

:

However, I think in my mind, and

what I would aspire to, is ensuring

349

:

that, and, every day that $1,500

is going to go and do good work.

350

:

And not necessarily for a direct, I'm

gonna use it on, strippers and coke,

351

:

Jerremy Newsome: yeah.

352

:

Yeah.

353

:

Dave Conley: Yeah.

354

:

How about you?

355

:

Jerremy Newsome: It helps with

budgeting, that's for sure.

356

:

Dave Conley: Yeah.

357

:

Jerremy Newsome: like you, you

358

:

Dave Conley: Smooths things out.

359

:

Jerremy Newsome: I think the

word guaranteed is really good.

360

:

and I do Elon's universal high income.

361

:

That's a cool, definitely a cool belief.

362

:

The either fortunate or unfortunate

news is I wouldn't need or

363

:

notice $1,500 extra per month.

364

:

Dave Conley: Yeah.

365

:

Can we change this a little bit?

366

:

What would...

367

:

Jerremy Newsome: sure.

368

:

Dave Conley: Let's say 15,000 a month.

369

:

Jerremy Newsome: Yeah.

370

:

Dave Conley: I, I think that's a, that's

suddenly at a level where I'm like,

371

:

"Okay, that's interesting," right?

372

:

Jerremy Newsome: 'Cause

there is a number, right?

373

:

You start adding zeros,

you're like, "Oh, cool."

374

:

c- 'cause again, man the good news is

for most people, I totally agree with

375

:

that number 'cause that number is where

I start talking to people about like

376

:

their visualization of their dreams,

377

:

Is about $15,000 a month,

378

:

Dave Conley: Yes.

379

:

Jerremy Newsome: 'Cause then they're

like, "Okay, if I can make $15,000

380

:

a month from trading, business,

interacting with, customers, consumers,

381

:

a program, a software, something I

built, sold, interest," "I put $3

382

:

million into high-yield savings account

and I'm getting paid," it wouldn't be

383

:

$15,000 a month, but whatever, right?

384

:

You're making some level of income

every single month Okay, dope.

385

:

That is cool, and that is exciting, and

that is unique, and that is very fun.

386

:

And once you play with that number

and you know where it is here's also

387

:

the uniqueness to that, is that can

exist at larger levels of capital.

388

:

So for example, right?

389

:

savings account right now,

generally they pay around 3%.

390

:

If you put in five million,

a lot of money, right?

391

:

You put in five million a sale of a

business, from the proceeds of that you

392

:

created, sold, did a lot of, did a lot of

work, did a lot of travel, did whatever.

393

:

High-yield savings account, which

can change, keep that in mind.

394

:

The interest rates can change.

395

:

They can go up and they go down.

396

:

But at 3%, that's $150,000 a year,

which is, yeah, 12,000-ish a month.

397

:

So it- meaning like that's the

math for a lot of people, where

398

:

it's like that is actually doable.

399

:

And $15,000 a month, they do almost

always say when I interview an

400

:

individual, when I interview about

financial freedom, that's very close

401

:

to the amount of money they need to

feel free, they travel so much more.

402

:

They take that money,

they s- they do spend it.

403

:

They do put it back into the economy.

404

:

But they live a life almost always where

they're not working for someone else.

405

:

They are doing the things they want to do,

but they are so going to create, right?

406

:

That's the big awareness, is they're

going to now live in a place where on a

407

:

Monday, Tuesday, and Wednesday, they're

gonna go to the park with their kids,

408

:

their wife, and their family, and they're

gonna sit down on a bench, or they're

409

:

gonna have a picnic, and they're gonna

think, and they're gonna daydream.

410

:

They're gonna believe about what they

actually can build and what's realistic

411

:

and what's possible, that excites them.

412

:

So that is a number where it

does have a very large impact.

413

:

And still, just am in that threshold where

I know that $1,500 a month going to impact

414

:

a very large portion of this country

and really the world, because now your

415

:

car payment totally gets paid for you.

416

:

Most of your food payment, most of your

food costs probably also get paid for you.

417

:

now you can eat better, and if

you eat better, you're gonna think

418

:

better, you're gonna move better,

you're gonna have less inflammation,

419

:

you're gonna have less weight.

420

:

Less weight leads to more vitality.

421

:

More vitality leads to better thoughts.

422

:

Better thoughts generally lead to

better questions, and the quality

423

:

of your questions determines

the quality of your life.

424

:

So you start asking great questions.

425

:

You start making probably more 'cause

you made better decisions, 'cause

426

:

you add more value to the world.

427

:

So it is gonna be like this beautiful

cyclical part at some point.

428

:

So just depends on how

much money it's gonna be

429

:

Dave Conley: Yeah, 15, 15,000

is, is where I start feeling it.

430

:

you know, that is, you know, like

that's where, you know, my expenses

431

:

are, are covered, you know, my

insurance, my, my, my rent, my, you

432

:

know, like my, my day in and day out.

433

:

it's where, you know, like r-right now

I am feeling sort of a, a, a crunch, you

434

:

know, and I'm, I have to, I work on that

with you to, to feel, you know, like, like

435

:

making sure that my, my, my money attitude

is, is headed in the right direction.

436

:

You know, because, how I feel is gonna

directly affect how I-- what I make.

437

:

And so, you know, at that, at that

level, I think there would be, uh,

438

:

honestly, the first thing I would

do is I, I f- I really haven't had a

439

:

vacation in like three or four years.

440

:

I'd probably take, you know, a solid two

weeks out and then be like, "Okay, I'm

441

:

going to just be for a couple of weeks."

442

:

And then, I feel like there would be some

freedom in my thought, of, okay, I, I'd

443

:

immediately, I think hire, hire one or

two other people to be like, "Okay, these

444

:

are some other things that are going on.

445

:

I want to expand, my, the

work that I do in the world."

446

:

My focus is totally on the things

that I feel are changing the world

447

:

the most around, around politics

and, around, around that work,

448

:

so that's really my, my focus.

449

:

And there are some really fun things

that I would like to also, add value to.

450

:

So it's like, okay, I've had

this crazy idea, and I have,

451

:

you know, like I'm an idea guy.

452

:

It's like, you know, feed, feed

the tuna, uh, mayonnaise, right?

453

:

It's, it's uh, I, I would wanna, I

wanna, you know, get back to having,

454

:

having, some staff again and be

like, "Okay, let's light this up.

455

:

Let's do this.

456

:

Let's light this up.

457

:

Let's do this."

458

:

Because ultimately, the only, the only

commodity, the only, the only finite

459

:

resource we actually have is time.

460

:

You know, everything else is fungible.

461

:

and, adding more time would be the very

first thing I would do at, 15K a month.

462

:

Jerremy Newsome: Yeah.

463

:

Yeah.

464

:

Yeah, It was a good point.

465

:

'Cause that's how people,

that's how you expand.

466

:

I tell people all the time, when you

have $100,000 liquid, which that's

467

:

what, that's 15 grand a month, right?

468

:

Essentially.

469

:

It's not

470

:

Dave Conley: yeah.

471

:

Jerremy Newsome: You now have

a p- of units that come in.

472

:

Those units are going to make

more, than 100,000 a year.

473

:

When you have more than $100,000, you

have more dollars than days left to live.

474

:

So you have to start using that to

occupy and to buy time, to your point.

475

:

That's a, it is a good investment.

476

:

okay, what about this one then?

477

:

What about this one?

478

:

So from a UBI standpoint, right?

479

:

Dave Conley: Yeah.

480

:

Yeah.

481

:

Jerremy Newsome: people

are receiving money.

482

:

Are people inherently lazy or

motivated at their core nature?

483

:

You said,

484

:

Dave Conley: let's...

485

:

Jerremy Newsome: on vacation,"

486

:

Dave Conley: For a way, I also

said for two weeks, right?

487

:

Jerremy Newsome: I know, I,

488

:

Dave Conley: cause I haven't had a vac-

I g- I, I saw something that Elon said.

489

:

He, like he takes one va- one day vacation

every year, and I'm like, "Oh my God."

490

:

So in a sense, I, my life is geared...

491

:

I don't believe in

work-life balance, right?

492

:

Because I feel like they're always

competing with each other, and it

493

:

leaves s- a certain amount of misery.

494

:

So I just live my life, and

no matter where I am, I work.

495

:

I work every day.

496

:

Like there isn't a day that I

don't work in some capacity.

497

:

Some days I work a lot more on some

things, and some things I don't.

498

:

And that's how I like it, right?

499

:

I have liked that for years.

500

:

And, yeah I really am looking at it

like, wow, I, I really haven't taken

501

:

just a solid two weeks and just had

complete spaciousness or gone out

502

:

into the woods and just just had no

phone or no computer or no nothing.

503

:

And I'm like I think I...

504

:

there's a, it reminds me that I don't

need 15 grand a month to do that.

505

:

I should just

506

:

Jerremy Newsome: Yeah.

507

:

Dave Conley: And do what you did and just

lock myself in a dark cave for a week

508

:

and be like, "Okay, I need that reset."

509

:

But y- when I think about are people

fundamentally lazy or fundamentally

510

:

motivated, I believe that, people will

find their purpose and that people will

511

:

do work aligned with their purpose.

512

:

And if they don't have that purpose,

then they're hunting around it

513

:

and they might be stalled for it.

514

:

And so there's there is what appear--

what I perceive as a laziness for

515

:

people who are, If you motivate those,

that laziness, yeah, that's a problem.

516

:

And I think that most people will be

like, "Okay, if you have this freedom of

517

:

UBI, then of course they're gonna work.

518

:

They're gonna have the freedom to do

things, and they're going to be-- they're

519

:

gonna have the freedom to focus on things

that don't necessarily make wages," right?

520

:

Like it's getting out

of that wage economy.

521

:

Taking care of your parents or taking

care of your kid is valuable work.

522

:

Like we can focus that on valuable work.

523

:

It's not wage work but it's valuable.

524

:

I think people will naturally

gravitate to the areas where it's

525

:

being pulled at them the most and

where they feel the most magic.

526

:

Are there gonna be people who are

like, "Yeah, I'm gonna, I'm gonna

527

:

watch video games and figure out

how I can be at $1,500 a month"?

528

:

Yeah, but that's gonna be the exception.

529

:

People love being, working and doing

and contributing and thriving and,

530

:

Like I I don't know anybody really who

doesn't have that in them, and I do

531

:

know that there are people that, that

placate their inner sadness, their inner,

532

:

their inner child, their inner, their...

533

:

like the problems in their life

manifest by drugs and being

534

:

online and playing video games.

535

:

It's all distraction, and it's

distraction from a bigger problem, and

536

:

that shows up in, in in their paycheck.

537

:

So I don't necessarily...

538

:

Yeah, there's totally gonna

be lazy folks out there.

539

:

It's gonna be the exception

rather than the rule.

540

:

What about you?

541

:

Jerremy Newsome: Yeah I agree.

542

:

it's kinda like most people

aren't inherently greedy.

543

:

That's one of my ethos,

it's one of my ethos, right?

544

:

Where to your point, if, again, we live

in a magical world, $1,500 just shows

545

:

up in your bank account every month

for no reason, or sorry, 15,000, right?

546

:

15,000 every single month.

547

:

Dave Conley: Yeah.

548

:

Jerremy Newsome: Don't

worry about why or how.

549

:

Dave Conley: Yeah.

550

:

Yeah.

551

:

Jerremy Newsome: Just let's just daydream

for a moment, everyone's there, and

552

:

that happens to everyone, and the cost

of everything stayed the exact same.

553

:

How do you live differently?

554

:

And I like playing in that world

because you said it perfectly, bro,

555

:

and this is also why we're brothers

from another mother, is you're

556

:

like, "I wanna give some away."

557

:

It's Yeah.

558

:

dude, when you start living in a

place of excess and abundance, you

559

:

do truly give to others, right?

560

:

Which is the antithesis of greed.

561

:

That's, I would say 99, 98% of people

are gonna kinda operate from that vein of

562

:

"Sure, I make a bunch, I give a bunch."

563

:

Sounds great to me.

564

:

And I also believe that

most people are motivated.

565

:

They want to do something.

566

:

Doesn't matter what it is, and

that's the good news is it...

567

:

they wanna do something.

568

:

Dave Conley: There's also gonna

be people who are gonna use that

569

:

and do terrible things with it.

570

:

So they'll be doing something,

but they'll be sociopaths.

571

:

Jerremy Newsome: That's...

572

:

I know that's

573

:

A funny f- funny not funny joke, but yeah.

574

:

Dave Conley: Yeah.

575

:

Jerremy Newsome: sociopaths out there.

576

:

There are actual mental

diseases in people that

577

:

Dave Conley: Yeah.

578

:

Jerremy Newsome: And, rapists.

579

:

Yeah, dude.

580

:

That's gonna happen.

581

:

There are

582

:

Dave Conley: D-

583

:

Jerremy Newsome: people out there, for

584

:

sure.

585

:

Dave Conley: and to

586

:

Jerremy Newsome: would decrease.

587

:

Dude,

588

:

Dave Conley: for sure.

589

:

Jerremy Newsome: That's my biggest,

that's my biggest win over this is

590

:

the data is almost not even arguable,

591

:

Dave Conley: Yeah.

592

:

Jerremy Newsome: if you inject money

into poverty does tend to go away.

593

:

Sorry, not poverty.

594

:

Obviously, poverty would go away.

595

:

Crime

596

:

Crime decreases exponentially.

597

:

Dave Conley: Totally.

598

:

Jerremy Newsome: as that, right?

599

:

You give people more access to resources,

and then their crime goes away.

600

:

Doesn't mean that they're gonna

make good financial choices.

601

:

That's not what I'm saying.

602

:

I'm not saying that they're...

603

:

I'm saying that regardless of skin

color, regardless of background,

604

:

regardless of religion, and regardless

of geographically where you're located,

605

:

That geographical region has

more income, crime Other things

606

:

may increase, but strictly crime

is directly tied to poverty.

607

:

Dave Conley: Yeah and, I know

education is so key to your heart

608

:

on so many things, and that freedom

of time is a real thing, right?

609

:

Like you can learn

anything online now, right?

610

:

Jerremy Newsome: Yeah.

611

:

Dave Conley: the freedom of time in

order to do that, there are gonna be a

612

:

lot of people who'll be like, "Man, I

have always wanted to learn and do this,

613

:

and like I don't know anything about it.

614

:

I'm gonna go do it," right?

615

:

I have, the blessings of freedom

of some time, and I spend a

616

:

lot of going to the gym of AI.

617

:

This is something I do every single day.

618

:

And like that's, that's my obsession and

how that's force multiplying the work that

619

:

we do and the difference that we can make.

620

:

And plenty of people are gonna

be like, "Man, like I've always

621

:

wanted to learn to do this, and

now I have the ability to do that."

622

:

It's not gonna necessarily

happen in a in a state school.

623

:

I think the biggest thing that it gives

I believe to people is some dignity.

624

:

I think that there's a lot of paternalism

that comes with all of these government

625

:

programs of "Okay, you can only

spend this money on these things."

626

:

And like I, I get it.

627

:

If you don't want, government

money going to buying garbage

628

:

food, it makes some sense.

629

:

But also if the government was telling

me what I can and can't do, I think

630

:

everybody naturally like bristles at that.

631

:

I'm like, "Ah," like I'm gonna decide,

what's best for me and the freedom I have.

632

:

It shouldn't-- Freedom

shouldn't be a luxury.

633

:

Jerremy Newsome: Shoot.

634

:

I like that, dude.

635

:

I like that.

636

:

Great example.

637

:

About it briefly, but Alaska pays every

resident a check from oil revenues,

638

:

Dave Conley: Bang.

639

:

Jerremy Newsome: natural resources.

640

:

Dave Conley: Yeah.

641

:

Jerremy Newsome: AI is now generating

productivity that no individual ever

642

:

created specifically on the speed, right?

643

:

Is there a meaningful difference

between those two things?

644

:

The question of that is essentially

if you live in a state a geographical

645

:

region that is rich in XYZ, doesn't

matter, and also granted that resource

646

:

is being used or materialized ethically,

f- for the most part, and you're there

647

:

and you're just getting money, right?

648

:

Because, again, use Alaska.

649

:

I live there.

650

:

It's rich with oil.

651

:

We're taking the oil.

652

:

We're sending it to other countries,

other places, other cities, other states,

653

:

and we're receiving money from that.

654

:

And since we live here,

we're getting a stipend.

655

:

We're getting some type of cash.

656

:

The question is, how is that different

than if you create a YouTube channel

657

:

And this YouTube channel is entirely

made of AI agents and robots and

658

:

avatars that are making you content.

659

:

And that content is compelling

enough that people watch it.

660

:

they watch it, Google, which we just

talked about earlier, at some stage has

661

:

revenue increasing, profits increasing

662

:

Dave Conley: Yeah.

663

:

Jerremy Newsome: more people are

using the traffic and they're paying

664

:

the ads to be on your YouTube channel

665

:

Dave Conley: Yeah.

666

:

Jerremy Newsome: an ad revenue of $3,000

a month essentially doing nothing.

667

:

Is there any real distinctive difference

between live in a place and I'm getting

668

:

money for free versus I have computers

and software is making me money for free?

669

:

Dave Conley: Yeah.

670

:

Jerremy Newsome: there's

not really a difference.

671

:

Because the difference is okay,

672

:

Dave Conley: Yeah.

673

:

Jerremy Newsome: a

physical, tangible thing

674

:

And the other one is still created,

but just because it's not tangible

675

:

doesn't mean it's not real.

676

:

And that's a very, gravity, right?

677

:

There's so many applications to that.

678

:

It's almost unbelievable.

679

:

Dave Conley: Here's how I'm hearing

this and tell me if you agree or

680

:

not, is that Al- Alaska has this

bounty of natural resources that

681

:

are, is under the ground, right?

682

:

And it leases that bounty-

683

:

Jerremy Newsome: Under the sea.

684

:

Dave Conley: It lease, it

leases that out, right?

685

:

Jerremy Newsome: Yep.

686

:

Dave Conley: and the oil companies come in

they s- you know, they suck the dyna-jor-

687

:

dinosaur juice out of the ground, and they

sell it And that leasing money that they

688

:

get, the state of Alaska says, "Great, you

know, like, not only are we gonna be able

689

:

to pay for, you know, like what we do in

the state, we're also gonna cut everybody

690

:

a check from it because it's A-Alaska's

resources, and you are an Alaskan."

691

:

And so, like, the, it's profit

sharing on the bounty of the state.

692

:

And what I'm-- I get from AI is that

they're coming through with, like, the

693

:

largest social disruption in probably

human history and that they are taking

694

:

all of the money that they're making

and all of the money that, that is

695

:

being invested in them, and they are

pouring it into making more money.

696

:

It's this...

697

:

and buying each other and causing

a, you know, a bicycling of, of

698

:

cash and using stock to buy company.

699

:

Like, the value that they're creating

is this immense destruction that's,

700

:

that's coming everybody's way.

701

:

It's already happening.

702

:

And they are happy to socialize their

losses because the people who are

703

:

losing their jobs are the ones that

you and I are actually paying for.

704

:

They're the ones that are going and,

uh, having to sell their homes, have

705

:

disruptions in their lives, having,

uh, you know, issues in their lives,

706

:

maybe going on, on, um, on temporary

you know, like, uh, uh, government, uh,

707

:

programs for unemployment insurance.

708

:

And that isn't coming out of any of

these companies that are, are doing

709

:

and generating, a, a trillion dollars.

710

:

You know, like, they've

taken so much money.

711

:

And in the meantime, if you are an

employee of OpenAI, you know, even

712

:

though they're, they're not publicly

traded, they do have an internal

713

:

stock, and you are able to sell those.

714

:

And they, over the course of the

last year, the number I just saw was

715

:

hundreds of employees have cashed

out their OpenAI stock, and on

716

:

average, on average, each one of them

walked away with about $11 million.

717

:

So there's nothing in there that says,

"Hey, by the way, of that $11 million

718

:

going to, like, your developer," you

know, like maybe there needs to be

719

:

some money in there that is actually

going to the greater good, the

720

:

resources of the United States, the

resources of the people who are...

721

:

You know, like, that's the

money that could be going there.

722

:

Instead, it's this intense this, "The

money is mine, but the costs are yours."

723

:

And that is a, a failure in,

in, in social capitalism for me.

724

:

I, I don't, I don't get it.

725

:

I don't wanna pay for the, uh, the

problems that OpenAI or Anthropic or, or

726

:

xAI creates just because they want all

of the money in order to build the gr-

727

:

next great economy when they are causing

issues today That look, we could, we can

728

:

just like have a fund that they pay into.

729

:

It doesn't have to be,

730

:

you know, like onerous or anything

and be like, "Okay, you know, like

731

:

you guys keep doing you, but it's

not costless for you and me, so it

732

:

should be costless for you and me."

733

:

You know?

734

:

Like it, like they should thrive

on their own in this capitalism

735

:

market, and they're not.

736

:

We are subsidizing OpenAI right now.

737

:

Jerremy Newsome: And that's a new tangent.

738

:

but yes.

739

:

Y- yeah, I agree.

740

:

speaking of subsidita- subsist- would

you support replacing Social Security

741

:

with the US, with universal basic

income for everyone under fifty-five,

742

:

eliminating the unfunded liability?

743

:

Is something that you would stand behind?

744

:

Check mark of approval

from Dave DC Conley.

745

:

Dave Conley: I think that's it's almost

a loaded question because it's only an

746

:

unfunded liability because of the, there's

an artificial cap on top of it for wages.

747

:

and, so and then the government

has decided to borrow against it.

748

:

So it's un- it's supposed to be fully

funded, much like a lot of things that are

749

:

on the books of states and get the, and

750

:

Jerremy Newsome: guy over here

751

:

Dave Conley: The politician said,

"Hey, look at all that money.

752

:

We should grab it, and

we should use it for...

753

:

Jerremy Newsome: there.

754

:

Dave Conley: that's so much money.

755

:

We should use it over here."

756

:

Like it should be a it should

be funded and it's not.

757

:

And so I think that, like it

could be easily funded if we

758

:

just, take the wage cap off of it.

759

:

Now, saying that, I'd be totally down

with eliminating the Social Security

760

:

tax that is out of everybody's wages

and then transitioning over to this.

761

:

I think that's fine.

762

:

And like another thing is that,

very th- there is a certain they

763

:

call it a good that, like everybody

receives Social Security no matter,

764

:

if you fully paid into it like I did.

765

:

I've, I maxed it out for, the number of

years because of I was making, good money.

766

:

And so everybody gets their

quote-unquote Social Security check.

767

:

I'd i- and it doesn't matter if, if

you're a multimillionaire and you

768

:

have all of this, that you still

get a Social Security check, right?

769

:

You get your UBI, and if you

are struggling as somebody who's

770

:

over 65, like you're gonna get

that same, that same check.

771

:

Like in a sense, like it's a screwy

system, and I'm okay with getting

772

:

rid of a screwy system and being

like, "Yeah, instead of a screwy

773

:

system, here's your UBI," and and

call it a day on Social Security if

774

:

you eliminate the tax on the wages.

775

:

I don't know.

776

:

Would you keep Social Security?

777

:

Jerremy Newsome: Oh, hell no.

778

:

Dave Conley: Yeah.

779

:

Jerremy Newsome: No, it's toast.

780

:

It's totally...

781

:

Yeah, it's actually a fraud,

fraudulent system, in my opinion.

782

:

Dave Conley: No, s-say more.

783

:

I don't disagree but ma- what,

784

:

Jerremy Newsome: yeah

785

:

Dave Conley: Yeah.

786

:

Jerremy Newsome: fully, dude.

787

:

Yeah.

788

:

almost fully.

789

:

So it's okay, you work and

you put money into this

790

:

Dave Conley: Pile.

791

:

Pile of

792

:

Jerremy Newsome: that the government

borrows from, that they use perpetually,

793

:

Dave Conley: Yeah.

794

:

Jerremy Newsome: then they're gonna

pay you, as long as you're And

795

:

The money that if you as a citizen took

that and invested into, oh, I don't know,

796

:

Dave Conley: Anything.

797

:

Jerremy Newsome: p- pick something.

798

:

Dave Conley: Any, anything.

799

:

Yeah.

800

:

Jerremy Newsome: baseball cards.

801

:

But prefep- you know, preferably

the S&P 500, the Dow Jones,

802

:

Dave Conley: Yeah.

803

:

Jerremy Newsome: the

804

:

Dave Conley: Yeah.

805

:

Yeah.

806

:

Jerremy Newsome: Any broader

market stock, like the return of

807

:

your money is astronomically more.

808

:

And so even if the government

was like, "Hey, guys, you suck at

809

:

investing," cool, not a big deal.

810

:

Money.

811

:

We're going to invest it for You and

then you get that as a fund Now that I,

812

:

can start getting behind.

813

:

the semicolon after that's gonna be

like, okay, but you can't politicians

814

:

borrow against it or use it for your

own endeavors can't trade individual

815

:

companies because you guys are liars and

816

:

you're insider traders, and all you

do is make all the money for your

817

:

own family based on the policies that

you create for the companies that you

818

:

inter- interact with on a daily basis.

819

:

So other than that Yeah we

need an investing policy

820

:

Dave Conley: I would be way more

supportive of that if it wasn't just

821

:

publicly traded companies, right?

822

:

Like that you could invest in anything

that would have a potentially a return

823

:

or a return on your capital, right?

824

:

At a percentage.

825

:

Be like, "Okay, I want to invest

in my local bo- bodega," right?

826

:

It's like I, I wanna, cut, a portion

of my, my, my monthly salary,

827

:

before taxes to a local investment

or, like some other, y- investment

828

:

that, that has an potential, right?

829

:

Like maybe it's it has to

have these sort of things.

830

:

Like even if it's a private, private

investment I'd be down with that.

831

:

There is a risk that goes

into all of that, right?

832

:

So I...

833

:

in some sense, if we have that Social

Security and that Social Security

834

:

investment aspect, like it, it does need

to be de-risked a little bit and, like

835

:

now it's de-risked in the wrong way.

836

:

So but eliminating it,

yeah, I'm down with that.

837

:

Jerremy Newsome: Yeah.

838

:

Dave Conley: forget it.

839

:

Don't need it if we have a UBI.

840

:

Jerremy Newsome: Yep exactly, precisely.

841

:

And I think there's just a, once

we dial that system in and we get

842

:

really more crystal clear on the

funding and the investing and the

843

:

saving and the protecting of it,

844

:

Dave Conley: Yeah.

845

:

Jerremy Newsome: you can't get the

grimy hands of the politicians inside

846

:

of this thing, 'cause remember,

Congressman Newman, she, that she was

847

:

like, "Listen, bro, if it ain't working,

848

:

Dave Conley: Yeah.

849

:

Jerremy Newsome: moving, it's

850

:

Dave Conley: Yeah,

851

:

Jerremy Newsome: It's a

m- it's a money thing.

852

:

It is-- We need to create as much

separation of that as we can.

853

:

It's an entirely different product,

entirely different series, but

854

:

ultimately it's listen, if you

go into the the office, you're

855

:

doing that as a role of service.

856

:

Dave Conley: Yeah.

857

:

Yeah.

858

:

Jerremy Newsome: And you can make

a certain amount of money, and you

859

:

can invest that certain amount of

money into a broader market, S&P 500,

860

:

whatever, but there is no way you are

investing into individual companies,

861

:

especially since you're meeting

862

:

Anyway, every- I think everyone

knows my take on this one.

863

:

All right, here's a good one for You.

864

:

Dave.

865

:

"Hit me with a person, one person or

institution you would actually trust

866

:

to administer a national UBI program."

867

:

Dave Conley: You.

868

:

Jerremy Newsome: Thanks,

869

:

Dave Conley: be about it.

870

:

Jerremy Newsome: Bro.

871

:

What a kind compliment.

872

:

Dave Conley: dude, I don't know

if I would trust any institution

873

:

on this because every institution

is made of people, and we've seen,

874

:

like massive distrust in things.

875

:

And what, like what could it look like?

876

:

Like certainly in the, in, in

the tribes, like I think they,

877

:

they've figured out some of this.

878

:

Maybe in Alaska they figured

out something like this.

879

:

But I don't know if you can do a program

like this if you just do it by law.

880

:

I think it would have to be

like a constitutional amendment.

881

:

It'd have to be like rock solid

and be like, "Okay, Amendment

882

:

28 is everybody gets this.

883

:

You're a citizen of the United States,"

and like this is what it's all gonna

884

:

be, and it's going to be, it's...

885

:

And it's going to be, without

influence or bias or things.

886

:

Because as soon as you get, exactly what

you just started going down, which is

887

:

like as soon as you create an institution,

you get an institution that is subject

888

:

to, influence or subject to bias, subject

to, graft and greed and craziness.

889

:

Like you, you have to eliminate

as much administration as possible

890

:

because then you get shenanigans.

891

:

We say it every time.

892

:

Every series that we begin, we're like,

"Where the hell does all the money go to?"

893

:

It's like this is crazy, all

the money that's cycling through

894

:

a system and how little of it

actually gets to the endpoint.

895

:

This would have to be that the endpoint

is first in line and that everything

896

:

else is like a fraction of a fraction.

897

:

Like you wouldn't give to a

charity where 95% of it goes to

898

:

the administration of it, and yet

that's exactly what happens, right?

899

:

Jerremy Newsome: Yep.

900

:

Dave Conley: Like you would work with

an institution that, has you have that

901

:

is above board, that is completely

transparent, that has no shen-shenanigans,

902

:

that you can, you can look up under the

skirt of everything in it, and that it,

903

:

its carrying costs are like micro, right?

904

:

I don't know.

905

:

Where you where would you install this?

906

:

Our AI overlord Grok

is administrating this.

907

:

Jerremy Newsome: No, it

definitely won't be Grok.

908

:

Dave Conley: Ugh.

909

:

Oh and that's the scary part is that if

you give it to an institution without

910

:

guardrails, then they can control you too.

911

:

Like money is power, and it's "Oh

you said something, nasty online.

912

:

You're not getting your check this month."

913

:

And it's "Oh my God."

914

:

Or, like you, or, on the good side

it'd be like like you missed a child

915

:

support payment, so it's going to

your ex-husband or your ex-wife."

916

:

And I'm like, "Oh, man."

917

:

Th-that's a system of control, and I...

918

:

That removes the freedom aspect.

919

:

The freedom has to be first.

920

:

Jerremy Newsome: Here's a crazy take.

921

:

So I appreciate you saying me, and I

would obviously, I want and need to

922

:

be president of this country to fix so

many of the problems that we have, and

923

:

I will lead in a very heart-led way.

924

:

And if it wasn't me Hot take, it'd

be a guy named Vitalik Buterin.

925

:

Vitalik is the creator of Ethereum.

926

:

Dave Conley: Okay.

927

:

Jerremy Newsome: And the reason he...

928

:

the reason he made it and the- regardless

of, again, the actual solutions it has

929

:

provided, the blockchain that it was

built on, and the reason that he did it

930

:

for the world, he has the minds and the,

931

:

giving and the generosity.

932

:

He donated, I think, $150 million, like

the India COVID relief fund when he got a

933

:

bunch of money from crypto for expanding

he's a guy who understands monetary

934

:

policy at a very philanthropic way.

935

:

He has a also a vision for how to

use crypto and the decentralized

936

:

blockchain nature of it or the goal

of it to make things very quick

937

:

and eq- and equitable acro- across

borders and across country lines.

938

:

E- example, and this is a vision

that I haven't been able to pull

939

:

off yet, but actually I'm getting

closer than I think on a monthly

940

:

basis, but call it solar coin.

941

:

And solar coin is individuals have

solar attached to their homes.

942

:

They have a smart grid or smart meter

that is built into the solar, and

943

:

depending on how much solar their home

receives that money goes into the grid,

944

:

and they receive a solar credit, right?

945

:

A payment of this coin.

946

:

And that coin payment can be used to

pay the energy bill of anyone else

947

:

at any point in time 'cause you're

giving money, you're giving energy

948

:

to the grid using your house, right?

949

:

So you have your energy that's being paid

for, and your energy is creating out of

950

:

thin air this token, that token can be

used to simultaneously and universally

951

:

pay anyone else's energy bill, as long as

they're the subscriber to the smart meter

952

:

'cause then you just log on and click a

button and boom, that person's solar bill

953

:

is paid or their energy bill is paid.

954

:

'Cause again, let's just take, I

don't know, Minnesota or Alberta or

955

:

Iceland or the Faroe Islands, right?

956

:

Countries that don't have

that much exposure to solar

957

:

Dave Conley: Yeah.

958

:

Jerremy Newsome: their energy

prices are extremely high.

959

:

It's okay we could supplement that

here in Vegas by having no energy bill

960

:

The energy credits that we create

from our home that we build solar

961

:

on, they go into countries like that.

962

:

That's actually extremely doable, and

not only have I thought of something

963

:

Dave Conley: Wait.

964

:

Jerremy Newsome: right?

965

:

So it's not gonna be just like an

individual person, an individual

966

:

country that pays an individual country.

967

:

We probably would want that,

968

:

Dave Conley: Yeah.

969

:

Jerremy Newsome: be affecting everybody.

970

:

Dave Conley: Yeah.

971

:

Jerremy Newsome: it's like now this is an

opportunity for the globe to actually come

972

:

together and put these policies in place,

973

:

Dave Conley: Yeah.

974

:

Jerremy Newsome: can have a board, you can

have an individual group like the United

975

:

Nations or someone, but at some stage

there, it is gonna be bigger, I think,

976

:

than just on a country to country basis.

977

:

Dave Conley: Okay.

978

:

Yeah, that's interesting.

979

:

How univ- yeah, I gotta...

980

:

that's gonna keep me...

981

:

Jerremy Newsome: is universal?

982

:

Dave Conley: universal is universal?

983

:

Is it gonna be just citizens?

984

:

Is it gonna be every

man, woman, and child?

985

:

Is it, is it, who gets it?

986

:

Does anybody not get it?

987

:

I'm, I...

988

:

Yeah.

989

:

Who's in it?

990

:

Who's out?

991

:

Jerremy Newsome: Yeah.

992

:

Dave Conley: you think?

993

:

Do you think there's-

994

:

Jerremy Newsome: yeah I do actually

believe that there needs to be a...

995

:

It is more universal than people

are-- When I think of universal

996

:

basic income, I actually think

about it from a global standpoint.

997

:

I don't think of it as an individual

country, as wild as that actually

998

:

Dave Conley: Yeah.

999

:

Yeah.

:

00:48:34,983 --> 00:48:37,983

Jerremy Newsome: I think it's like you

take leaders in, in larger countries

:

00:48:37,983 --> 00:48:39,483

that are doing extremely well,

:

00:48:39,938 --> 00:48:40,408

Dave Conley: Yeah.

:

00:48:40,593 --> 00:48:44,693

Jerremy Newsome: create a system 'cause

it the that you have millions of people

:

00:48:44,693 --> 00:48:46,743

a year die from fucking starvation

:

00:48:46,858 --> 00:48:46,928

Dave Conley: Ugh.

:

00:48:47,033 --> 00:48:48,403

Jerremy Newsome: and c- and bad water,

:

00:48:49,403 --> 00:48:50,153

Dave Conley: It's dumb.

:

00:48:51,153 --> 00:48:52,903

Jerremy Newsome: I just have a hard

time wrapping my head around that.

:

00:48:52,933 --> 00:48:55,393

And again, I do understand that

unfortunately a lot of that is, a

:

00:48:55,393 --> 00:48:56,983

lot of that is a political system.

:

00:48:56,983 --> 00:49:02,953

It is a higher overarching class

system of some kind that is,

:

00:49:02,953 --> 00:49:06,073

that's been created, and we don't

want to go in and change that.

:

00:49:06,113 --> 00:49:09,543

But giving them access to,

"Hey, here's more capital."

:

00:49:10,328 --> 00:49:11,908

Sure, why not?

:

00:49:12,908 --> 00:49:13,388

It's doable.

:

00:49:13,458 --> 00:49:14,588

That, that was the point of Bitcoin.

:

00:49:15,498 --> 00:49:17,998

I'm not saying it's perfect by any means,

but that was the point where hey, anyone

:

00:49:17,998 --> 00:49:21,848

can buy it, anyone has access to it

anyone can own it if you have the Right.

:

00:49:21,848 --> 00:49:23,208

technology to purchase it,

:

00:49:23,552 --> 00:49:24,782

Dave Conley: Right.

:

00:49:24,808 --> 00:49:26,808

Jerremy Newsome: has control over it.

:

00:49:26,998 --> 00:49:33,098

Like Bitcoin was slash is, it's

its underlying general thesis has

:

00:49:33,098 --> 00:49:37,338

some level of validity to universal

basic income where it's like you buy

:

00:49:37,338 --> 00:49:41,768

this thing, it's borderless, it's

contr- it's controlled by no one.

:

00:49:42,628 --> 00:49:46,268

It is plugged into the computer

smart network system where it's every

:

00:49:46,268 --> 00:49:50,228

computer has access to it, anyone

can tap into it if you have access

:

00:49:50,228 --> 00:49:54,878

to the internet, and you can purchase

or receive Bitcoin from anyone in the

:

00:49:54,878 --> 00:49:58,558

world instantaneously with no approval

by anyone, no disapproval by anyone.

:

00:49:58,558 --> 00:50:02,988

And if you receive Bitcoin, you

actually have monetization that if

:

00:50:02,988 --> 00:50:06,718

you have access to a thing that can

actually receive that as payment,

:

00:50:07,147 --> 00:50:07,697

Dave Conley: Yeah.

:

00:50:07,758 --> 00:50:12,238

Jerremy Newsome: technically receive any

amount of currency whenever from anyone.

:

00:50:13,238 --> 00:50:16,998

And that was one of the reasons that it

started taking off because you have a

:

00:50:16,998 --> 00:50:20,728

lot of countries that do not have the

policy of the United States of America,

:

00:50:21,478 --> 00:50:29,278

Venezuela, Russia, Brazil, parts of India,

Afghanistan, Iraq, Iran, Cuba, North

:

00:50:29,278 --> 00:50:32,388

Korea, a lot, lot-- Did I mention Russia?

:

00:50:32,428 --> 00:50:36,008

Like you have so many, you have

so many countries that like their

:

00:50:36,008 --> 00:50:40,598

citizens don't have this safety

and autonomy with their money.

:

00:50:41,318 --> 00:50:45,898

And ultimately, again, the way I see it

is if a bunch of people, which they did,

:

00:50:45,898 --> 00:50:52,168

started buying this asset this currency

because they felt that their economy

:

00:50:52,168 --> 00:50:56,848

would implode and that their dollars

or their currency units would disappear

:

00:50:56,848 --> 00:51:01,318

essentially overnight or get halved

overnight, buying this currency that

:

00:51:01,318 --> 00:51:04,908

their government can't stop or shut down.

:

00:51:05,378 --> 00:51:09,368

And if enough people buy a thing

that has a limited supply, the

:

00:51:09,368 --> 00:51:10,738

price of that thing will increase.

:

00:51:11,278 --> 00:51:12,988

That's what happened to Bitcoin.

:

00:51:13,848 --> 00:51:17,878

And that thesis got around and I

actually can see and understand

:

00:51:17,878 --> 00:51:19,638

the validity of that prospectus.

:

00:51:19,678 --> 00:51:24,798

The random thing is I think Satoshi

Nakamoto is Japan, and I believe that

:

00:51:24,798 --> 00:51:31,068

Japan actually created Bitcoin to be the

stronger currency than the US dollar and

:

00:51:31,068 --> 00:51:34,408

the stronger, more needed currency than

the US dollar 'cause that's the only way

:

00:51:34,408 --> 00:51:39,588

that Japan ever gets a financial grip

as one of the world's leading economies

:

00:51:39,588 --> 00:51:45,058

is o- own the lar- own the largest asset

or own the largest currency, right?

:

00:51:45,058 --> 00:51:49,378

Satoshi Nakamoto, Samsung, Noki--

Samsung, Nokia, Toshiba, Motorola,

:

00:51:50,128 --> 00:51:51,388

like those are the acronyms.

:

00:51:52,328 --> 00:51:54,468

One of my conspiracy theories,

probably not accurate, but

:

00:51:54,622 --> 00:51:55,642

Dave Conley: Oh, wow.

:

00:51:55,742 --> 00:51:56,672

That's a-- Oh,

:

00:51:57,098 --> 00:51:58,448

Jerremy Newsome: it's not

as crazy as people think.

:

00:51:58,622 --> 00:52:01,232

Dave Conley: No, my first tin

hoil- tin foil hat of the morning.

:

00:52:01,232 --> 00:52:01,992

I like that.

:

00:52:02,242 --> 00:52:02,612

That's

:

00:52:02,662 --> 00:52:04,932

Jerremy Newsome: Thanks, man.

:

00:52:05,097 --> 00:52:06,927

Dave Conley: Mine's usually

war related, but not,

:

00:52:06,927 --> 00:52:07,857

Bitcoin related.

:

00:52:07,857 --> 00:52:08,617

I like that one.

:

00:52:08,987 --> 00:52:09,547

That's a good one.

:

00:52:09,677 --> 00:52:09,887

Jerremy Newsome: man.

:

00:52:10,047 --> 00:52:13,727

A little bit of a stretch but saying

all that to say that's-- it was probably

:

00:52:13,727 --> 00:52:17,077

the theoretical perspective of right?

:

00:52:17,077 --> 00:52:21,037

Universal, it wasn't an income,

but I'd probably call it UB-

:

00:52:21,157 --> 00:52:23,467

UBC, universal basic currency,

:

00:52:23,697 --> 00:52:26,657

Was probably a reason that w-

that Bitcoin was created 'cause it

:

00:52:26,657 --> 00:52:29,457

was built in:

financial system, everyone's "Oh,

:

00:52:29,457 --> 00:52:30,377

we're not getting out of this."

:

00:52:30,666 --> 00:52:31,906

Dave Conley: Yeah.

:

00:52:32,177 --> 00:52:35,157

Jerremy Newsome: was like,

"Watch us print more.

:

00:52:35,507 --> 00:52:37,567

We're just gonna send the

country into more debt.

:

00:52:37,567 --> 00:52:37,707

We're

:

00:52:37,707 --> 00:52:38,237

gonna buy..."

:

00:52:38,357 --> 00:52:38,657

You know what?

:

00:52:38,987 --> 00:52:40,907

So we're gonna buy our way out of this.

:

00:52:41,496 --> 00:52:45,206

Here's a question that is

poised and proposed to us.

:

00:52:45,316 --> 00:52:49,946

If guaranteed income demonstrably

reduced violent crime,

:

00:52:50,256 --> 00:52:51,586

Lowered healthcare costs,

:

00:52:51,725 --> 00:52:54,695

Increased entrepreneurship, and the

only documented trade-off was that

:

00:52:54,695 --> 00:52:59,915

recipients worked about one hour less per

week, is that a good deal for America?

:

00:53:00,655 --> 00:53:02,015

And the answer is obviously yes, right?

:

00:53:02,015 --> 00:53:02,425

Has to be.

:

00:53:03,415 --> 00:53:06,315

Dave Conley: I wonder if that would

be like the success metric of...

:

00:53:06,355 --> 00:53:11,185

And I think work is a loaded question,

loaded, the loaded verb there.

:

00:53:12,125 --> 00:53:20,635

I think it's direct wage, labor

wage, direct labor wage word, right?

:

00:53:20,935 --> 00:53:23,445

Trading your time and effort for money.

:

00:53:24,015 --> 00:53:29,725

I think that if we lowered that

and we saw productivity elsewhere

:

00:53:30,130 --> 00:53:31,780

Measured in some other way, right?

:

00:53:31,830 --> 00:53:34,250

It's like I'm using this

productive time for something else.

:

00:53:34,280 --> 00:53:36,580

I think that would actually

be a success metric, right?

:

00:53:37,070 --> 00:53:41,280

Like I'm using that time, money, and

energy to take care of my health.

:

00:53:41,370 --> 00:53:45,140

I'm using it to take care of my

parents or take care of my kids.

:

00:53:45,460 --> 00:53:49,550

I'm using that to improve my

community or, grow a business

:

00:53:49,550 --> 00:53:50,990

that, has no income right now.

:

00:53:51,550 --> 00:53:56,190

Like that's trading your wage

hours for productivity elsewhere.

:

00:53:56,190 --> 00:54:00,440

So I think that would be actually a

success metric for UBI to be not that

:

00:54:00,440 --> 00:54:07,100

you're working less, that you're working

fewer wage-- trading fewer wage hours.

:

00:54:08,100 --> 00:54:09,500

That would-- Yeah, that'd be my...

:

00:54:09,500 --> 00:54:12,810

And it's yeah you're doing,

yes, less, fewer wage...

:

00:54:13,220 --> 00:54:17,540

You're trading fewer wage hours

for productivity elsewhere.

:

00:54:18,155 --> 00:54:18,515

Jerremy Newsome: Dope.

:

00:54:18,995 --> 00:54:19,785

I can take that down.

:

00:54:19,975 --> 00:54:20,695

Yeah, it makes sense.

:

00:54:21,695 --> 00:54:23,535

Just giving people a new

belief system, right?

:

00:54:23,535 --> 00:54:25,405

A new idea of this is actually available.

:

00:54:26,020 --> 00:54:28,700

Dave Conley: Yeah, in a sense

there's a, like it's not that

:

00:54:28,700 --> 00:54:30,480

capitalism is bad or good.

:

00:54:30,520 --> 00:54:34,370

It's not, it's just a, it's just a, it's

just a construct of economics, right?

:

00:54:34,870 --> 00:54:40,960

And you have to layer on, a value

on top of capitalism, and you have

:

00:54:40,960 --> 00:54:43,020

to layer on morality on top of it.

:

00:54:43,150 --> 00:54:46,440

It's not just, seeking the lower

cost for the highest return.

:

00:54:46,780 --> 00:54:50,560

That, that leads to like craziness, as

we've seen in a lot of different places.

:

00:54:50,560 --> 00:54:53,850

That's why you have, certain,

rules and regulations that get

:

00:54:53,850 --> 00:54:55,100

bent and broken all the time.

:

00:54:55,630 --> 00:54:59,020

This is actually taking it out of that

capitalist system and be like, "Okay,

:

00:54:59,260 --> 00:55:02,240

sure, you can function in any way,

shape, or form that you want," and

:

00:55:02,240 --> 00:55:06,780

that productivity and that that greater

good for the economy, for yourself,

:

00:55:06,780 --> 00:55:11,870

for your family, leads to things that

aren't directly measurable but may

:

00:55:12,000 --> 00:55:17,200

have a much bigger impact than just

trading your time and effort for cash.

:

00:55:18,200 --> 00:55:18,990

Jerremy Newsome: Amen to that, dude.

:

00:55:19,324 --> 00:55:20,994

Dave Conley: If you're sick,

that's all you can focus on.

:

00:55:21,414 --> 00:55:21,514

It's

:

00:55:21,550 --> 00:55:22,040

Jerremy Newsome: Yeah.

:

00:55:22,084 --> 00:55:25,174

Dave Conley: soon as somebody's sick,

they're like, they're-- You or nobody is

:

00:55:25,174 --> 00:55:28,084

on their deathbed saying, "Oh my God, I

wish I'd spent more time at the office."

:

00:55:28,610 --> 00:55:29,780

Jerremy Newsome: Yeah, totally.

:

00:55:29,850 --> 00:55:34,510

And I'll say too, man, like ultimately,

sure, work an extra hour less.

:

00:55:34,560 --> 00:55:35,600

Who really gives a fuck?

:

00:55:35,884 --> 00:55:36,374

Dave Conley: yeah,

:

00:55:36,810 --> 00:55:38,800

Jerremy Newsome: Like, all right, yeah,

you're spending less time at work.

:

00:55:38,830 --> 00:55:39,540

But like, all right,

:

00:55:40,170 --> 00:55:40,390

that...

:

00:55:40,420 --> 00:55:42,030

that's what I did at Nationwide Insurance.

:

00:55:42,030 --> 00:55:43,170

I was known for that.

:

00:55:43,270 --> 00:55:49,820

Be- literally, I would tell everyone

and my boss, " I don't work as much as

:

00:55:49,820 --> 00:55:51,960

everyone else from an hour standpoint.

:

00:55:52,960 --> 00:55:53,930

I'm not going to."

:

00:55:54,120 --> 00:55:55,430

I'm not gonna work, I'm not gonna work.

:

00:55:55,430 --> 00:55:55,700

There's no...

:

00:55:55,700 --> 00:55:59,900

Why am I here for 40 hours when I can

literally get everything done in 25 hours?

:

00:56:00,034 --> 00:56:04,584

And I made the very compelling argument

that I'm gonna use less energy resources,

:

00:56:04,584 --> 00:56:06,564

less time, I'm gonna distract less people.

:

00:56:06,914 --> 00:56:08,574

I don't need to be here for 40 hours.

:

00:56:08,654 --> 00:56:12,164

Does it really matter if I get the exact

same amount of work done in 40 versus 25?

:

00:56:13,094 --> 00:56:16,664

And after a couple days of having this

conversation with my boss, he's "No,

:

00:56:16,824 --> 00:56:18,284

it doesn't really ultimately matter."

:

00:56:18,884 --> 00:56:21,754

I was like, "Perfect, then I'm gonna do

everything I need to do in 25 hours."

:

00:56:22,234 --> 00:56:26,194

And what that looked like for me at the

time was I went to work, and I did not...

:

00:56:26,554 --> 00:56:28,164

I didn't go to the bathroom very often.

:

00:56:28,254 --> 00:56:29,354

I didn't eat a lot of...

:

00:56:29,414 --> 00:56:30,544

I didn't take a lunch break.

:

00:56:30,804 --> 00:56:31,854

I didn't take breaks.

:

00:56:32,704 --> 00:56:33,164

worked,

:

00:56:33,504 --> 00:56:33,984

Dave Conley: Yeah.

:

00:56:34,054 --> 00:56:34,444

Jerremy Newsome: right?

:

00:56:34,574 --> 00:56:37,604

Eight hours, three to four days a week,

:

00:56:37,994 --> 00:56:38,824

Just straight through.

:

00:56:39,024 --> 00:56:40,734

I would put on music, headphones, boom,

:

00:56:41,053 --> 00:56:41,763

Dave Conley: Bang it out.

:

00:56:41,763 --> 00:56:42,003

Yeah.

:

00:56:42,144 --> 00:56:42,754

Jerremy Newsome: Bang it out, dude.

:

00:56:42,784 --> 00:56:43,014

I would...

:

00:56:43,014 --> 00:56:46,864

And I did all the things I needed to do,

There was no lunch, there was no pausing.

:

00:56:46,864 --> 00:56:49,744

There was just getting after it,

and the results were there, and

:

00:56:50,644 --> 00:56:51,974

the re- the returns were there.

:

00:56:52,004 --> 00:56:52,144

So

:

00:56:52,144 --> 00:56:53,444

it's who really cares?

:

00:56:53,623 --> 00:56:56,903

Why I tell companies all the

time, I don't cr- I don't care

:

00:56:56,903 --> 00:56:58,103

at all how much someone works.

:

00:56:58,103 --> 00:57:01,433

If it's an hour or 400 hours,

did the same thing actually get

:

00:57:01,433 --> 00:57:02,323

done that needed to get done?

:

00:57:02,323 --> 00:57:03,673

'Cause everyone, we have to do something.

:

00:57:04,673 --> 00:57:06,163

The time exchange is irrelevant to

:

00:57:06,222 --> 00:57:08,192

Dave Conley: and there's all

sorts of bullshit jobs out there.

:

00:57:08,222 --> 00:57:10,602

It's it's if your jo- So I...

:

00:57:10,602 --> 00:57:13,852

it looks like AI is really eating

the lunch of bullshit jobs, and

:

00:57:13,852 --> 00:57:15,332

like I'm down for that, right?

:

00:57:15,332 --> 00:57:17,682

If we're getting rid of bullshit

jobs and we're actually be able

:

00:57:17,682 --> 00:57:19,212

to focus people, that's the...

:

00:57:19,302 --> 00:57:20,162

that's the rub, right?

:

00:57:20,532 --> 00:57:24,842

Can we focus people out of bullshit jobs

and into things that are providing value?

:

00:57:25,042 --> 00:57:27,802

And not to say that marketers

don't provide value, right?

:

00:57:28,252 --> 00:57:33,532

But it is a bullshit job, can we focus

those people who are doing that marketing

:

00:57:33,532 --> 00:57:37,862

job into something that they are attuned

to that provides value elsewhere?

:

00:57:37,952 --> 00:57:39,102

I'm gonna say yeah, we can.

:

00:57:39,963 --> 00:57:40,603

Jerremy Newsome: Yep, I agree.

:

00:57:41,603 --> 00:57:42,543

Totally agree, dude.

:

00:57:42,783 --> 00:57:44,143

It's gonna be super fascinating.

:

00:57:45,143 --> 00:57:46,183

So yeah I'm for that.

:

00:57:47,103 --> 00:57:52,503

And to our listeners, I would love

to hear from you in your, in the

:

00:57:52,503 --> 00:57:56,263

comment section on Instagram or

Twitter or YouTube on this video.

:

00:57:57,263 --> 00:57:59,853

What's the version of

this that goes wrong?

:

00:58:00,353 --> 00:58:03,813

What does a bad ending look like?

:

00:58:04,212 --> 00:58:04,292

Dave Conley: Yeah.

:

00:58:04,292 --> 00:58:05,802

How do we know that this is a failure?

:

00:58:05,802 --> 00:58:07,422

I'm gonna say it looks like Idiocracy and,

:

00:58:07,623 --> 00:58:07,993

Jerremy Newsome: yeah.

:

00:58:08,993 --> 00:58:09,393

And that is

:

00:58:09,452 --> 00:58:10,132

Dave Conley: and WALL-E to me, but I...

:

00:58:10,453 --> 00:58:10,843

Jerremy Newsome: dude.

:

00:58:11,773 --> 00:58:12,963

That is a very correct answer.

:

00:58:13,023 --> 00:58:13,893

Not even a joke.

:

00:58:14,032 --> 00:58:14,312

Dave Conley: Yeah,

:

00:58:14,473 --> 00:58:15,003

Jerremy Newsome: answer.

:

00:58:15,182 --> 00:58:16,612

Dave Conley: don't, let

those be documentaries.

:

00:58:17,323 --> 00:58:19,153

Jerremy Newsome: Yes, real actual answer.

:

00:58:19,323 --> 00:58:20,363

Not even half a joke.

:

00:58:20,422 --> 00:58:21,522

Dave Conley: But not my answer.

:

00:58:21,522 --> 00:58:22,312

What's your answer?

:

00:58:22,342 --> 00:58:24,442

What do you all think that this

version is that goes wrong?

:

00:58:24,533 --> 00:58:24,703

Jerremy Newsome: No,

:

00:58:24,862 --> 00:58:24,972

Dave Conley: the...

:

00:58:25,362 --> 00:58:25,572

Yeah.

:

00:58:26,023 --> 00:58:26,343

Jerremy Newsome: It is,

:

00:58:26,343 --> 00:58:26,463

dude.

:

00:58:26,463 --> 00:58:26,573

It's

:

00:58:26,602 --> 00:58:27,592

Dave Conley: Y- Yeah.

:

00:58:27,603 --> 00:58:29,773

Jerremy Newsome: That's the bad answer,

where it's okay everyone has money.

:

00:58:30,273 --> 00:58:31,313

No one does anything.

:

00:58:31,442 --> 00:58:34,252

They receive the money and they

go, "All right let's watch TV.

:

00:58:35,252 --> 00:58:36,302

Let's become complacent.

:

00:58:36,302 --> 00:58:39,282

Let's become a complacent, fat,

overweight society that doesn't

:

00:58:39,282 --> 00:58:42,032

think or move or generate or create."

:

00:58:42,982 --> 00:58:43,412

Dave Conley: There is,

:

00:58:43,892 --> 00:58:47,892

Jerremy Newsome: there, there's a

feed into the most base human desires,

:

00:58:48,092 --> 00:58:50,182

and nothing good comes from it.

:

00:58:50,292 --> 00:58:51,572

That is, that's worst case scenario.

:

00:58:51,572 --> 00:58:52,522

Does it actually happen?

:

00:58:53,302 --> 00:58:53,832

I don't know, man.

:

00:58:53,862 --> 00:58:59,092

I, but again, I do think it can stem from,

depends on leaders are, leadership are

:

00:58:59,092 --> 00:59:00,722

and how they actually frame everything.

:

00:59:00,812 --> 00:59:02,382

I think that's definitely a portion of it.

:

00:59:03,382 --> 00:59:08,402

Dave Conley: There, there is a there is

a demand-- There, the, shame is something

:

00:59:08,402 --> 00:59:11,002

that needs to come back hard, I think.

:

00:59:11,032 --> 00:59:14,692

I think that there's a motivation in

there to be like, "Okay you know, it, it

:

00:59:14,692 --> 00:59:16,802

is shameful for you not to be doing..."

:

00:59:16,802 --> 00:59:21,272

Like I, I run into this, uh, too often

than not because I live in a, in a

:

00:59:21,272 --> 00:59:26,412

wealthy area, and I live in an area

that, uh, also has a lot of people who

:

00:59:26,412 --> 00:59:29,772

are on, you know, on their vacations

or they have their vacation homes.

:

00:59:30,242 --> 00:59:35,882

And so I've, I've met a lot of people

who are, are nepo babies or they are, um,

:

00:59:36,032 --> 00:59:39,932

you know, like they're in their, their

40s and 50s and they've retired in place.

:

00:59:40,382 --> 00:59:44,002

And, you know, like they hang out

and their biggest discussions over

:

00:59:44,002 --> 00:59:47,932

the course of the day is, uh, whether

they're going to the pool or to the

:

00:59:47,932 --> 00:59:49,792

beach and where they're going for dinner.

:

00:59:50,002 --> 00:59:56,152

And I, I-- it's been kind of a,

a, a wild experience to be like...

:

00:59:56,462 --> 00:59:58,052

And it, it just, and that's it.

:

00:59:58,052 --> 01:00:00,682

That's as deep as their, their river goes.

:

01:00:00,792 --> 01:00:04,072

And, you know, you really kind of

have to avoid it because there's

:

01:00:04,072 --> 01:00:05,062

really nothing to talk about.

:

01:00:05,252 --> 01:00:08,452

You know, like they're not there to

actually make any bigger improvement

:

01:00:08,452 --> 01:00:12,332

or change in society, and they don't

have the peers and the people to

:

01:00:12,332 --> 01:00:15,822

be around them to shame them and be

like, "Dude, you have all the time

:

01:00:15,822 --> 01:00:17,162

and all the money in the world.

:

01:00:17,162 --> 01:00:20,062

Like what's, you know, what, what

is the way that you can make the

:

01:00:20,062 --> 01:00:22,892

world just a little bit better

today besides figuring out what

:

01:00:22,892 --> 01:00:24,562

flavor daiquiri you're gonna get?"

:

01:00:25,112 --> 01:00:28,602

So I, I, you know, in, in part of,

you know, finding this purpose and

:

01:00:28,602 --> 01:00:32,082

ensuring that people, uh, uh, you

know, aren't just sitting around

:

01:00:32,082 --> 01:00:36,092

and doing the WALL-E or doing the,

the, uh, Idiocracy, there's, it, it

:

01:00:36,092 --> 01:00:37,822

happens on both ends of the spectrum.

:

01:00:37,822 --> 01:00:39,002

It's a horseshoe here, right?

:

01:00:39,082 --> 01:00:44,062

So I, I think that they're, they're, you

know, really driving a, a sociological, a

:

01:00:44,062 --> 01:00:48,262

social impact to people being like, "Dude,

you know, like you're, you're a, you're,

:

01:00:48,262 --> 01:00:50,502

you're a net negative on, on humanity.

:

01:00:50,862 --> 01:00:51,802

G- get your butt in gear."

:

01:00:52,802 --> 01:00:53,212

Jerremy Newsome: Yep.

:

01:00:54,212 --> 01:00:55,422

I agree.

:

01:00:55,532 --> 01:00:56,692

I agree.

:

01:00:57,297 --> 01:00:58,847

Dave Conley: That's where

we're leaving it today, though.

:

01:00:59,342 --> 01:01:00,282

Jerremy Newsome: where

we're gonna leave it today.

:

01:01:00,922 --> 01:01:01,732

Get your butt in gear.

:

01:01:02,732 --> 01:01:03,792

Get your butt in gear.

:

01:01:04,192 --> 01:01:05,672

Let's figure out what happens, what works.

:

01:01:06,672 --> 01:01:06,912

Yeah.

:

01:01:07,732 --> 01:01:08,202

fascinating.

:

01:01:08,472 --> 01:01:09,332

Super fascinating stuff.

:

01:01:10,182 --> 01:01:13,192

Really pumped to kinda continue to dive

in, ladies and gentlemen, and we're

:

01:01:13,192 --> 01:01:14,892

gonna get some really cool guests.

:

01:01:14,892 --> 01:01:19,832

We already have one scheduled for next

week, and we're gonna continue to find

:

01:01:19,882 --> 01:01:23,272

people that have really cool thoughts on

the matter and just dive in and pour in

:

01:01:23,272 --> 01:01:27,332

amazing content, amazing value, and keep

circulating greatness into the world.

:

01:01:28,332 --> 01:01:33,902

So with that, make sure to hit us

with that subscribe on the socials.

:

01:01:34,306 --> 01:01:34,776

Dave Conley: Mhm.

:

01:01:35,102 --> 01:01:37,282

Jerremy Newsome: of a five-star

review if you haven't done so already.

:

01:01:37,282 --> 01:01:38,492

It's free, costs you nothing.

:

01:01:38,492 --> 01:01:39,802

It helps us tremendously.

:

01:01:40,802 --> 01:01:45,532

the AI overlord algorithm, we

are super excited to continue

:

01:01:45,532 --> 01:01:48,372

to pour in value and information

and entertainment into your life.

:

01:01:48,682 --> 01:01:49,522

Thanks so much for listening.

:

01:01:49,672 --> 01:01:50,062

You rock

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About the Podcast

Solving America's Problems
Solving America’s Problems isn’t just a podcast—it’s a journey. Co-host Jerremy Newsome, a successful entrepreneur and educator, is pursuing his lifelong dream of running for president. Along the way, he and co-host Dave Conley bring together experts, advocates, and everyday Americans to explore the real, actionable solutions our country needs.

With dynamic formats—one-on-one interviews, panel discussions, and more—we cut through the noise of divisive rhetoric to uncover practical ideas that unite instead of divide. If you’re ready to think differently, act boldly, and join a movement for meaningful change, subscribe now.