Who's Accountable? Boomers, Markets, and Consequence-Free Power
Markets haven't priced in reality yet — and when they do, most people won't have options. Jerremy Alexander Newsome and Dave Conley argue that individual action only matters when it builds optionality, and that the harder problem is systemic: institutions, governments, and businesses operating with zero consequences for the damage they cause. A viral campaign they attribute to Spencer Pratt — living in a trailer after losing his home — becomes their model for targeting corruption and inequality head-on. They spend the back half laying the generational wealth gap at boomers' feet: decades of accumulated power, rising housing and healthcare costs, and a compounding future bill that younger generations didn't vote for. Technology, they say, is both the cause and the only plausible exit.
Timestamps:
- (00:00) Individual action – only matters when it expands your options
- (03:56) Spencer Pratt – trailer life, viral campaign, targeting political corruption
- (05:53) Boomer accountability – decades of power, housing costs, who picks up the tab
- (11:57) Generational wealth gap – home values up, wages flat, math doesn't lie
Transcript
Where did you land in all this dude?
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:The
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:Dave: Yeah
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:Jerremy: biggest pause
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:Dave: is going to yeah
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:Jerremy: of the series,
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:Dave: pause that's cut out of this
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:Jerremy: you could keep it
in there for a little bit.
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:That's pretty good.
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:Dave: long
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:Jerremy: Yep.
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:Dave: I geez There is the there is
there's more here Not that I need to
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:know anymore as as far as the solutions I
heard that I'm like yep I get it The the
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:the solutions that really held held up
for me Yeah it's it's on you So like if
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:you're not doing work if you're not you
know preparing yourself if you're not it
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:it feels a little bit like you you gotta
be a prepper with a bunker But no that is
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:that isn't it That isn't it either it's
the Spending time money and energy in
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:order to increase your options increase
your optionality Don't have things like
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:happening around you and to you but you
know how to how to how to bend fate into
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:future or future into fate Right And that
is you know like starting starting to to
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:create your own luck around this so I hear
about the individual action right And That
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:is something that you have to always do
it's now more important than ever the most
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:important piece for me is the need for all
of that individual action is a systemic
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:problem that needs to be We need to
hold the institutions the the businesses
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:the governments We need to the our our
churches our our mosques Like everywhere
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:where people gather we have to hold them
accountable We have to hold em accountable
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:saying Hey it it isn't just the work
that you do it's the work that you do
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:and the consequences that have it You are
also responsible for those those those
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:consequences So there are systemic shifts
That are incredibly important And then the
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:role of technology in this you know like
technology is both the the the the the
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:cause and the solution here which seems
a little weird for me given how much how
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:many problems that that Technology seems
to cause We we also I also have to be very
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:careful in my way of thinking of a bit
Cassandra about it You know you and I talk
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:about the economy and the rest of it I'm
like oh my God The the the markets have
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:not priced in reality which I know is true
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:Jerremy: This is, I know
that's true too also.
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:Yeah.
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:Dave: and
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:Jerremy: I.
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:Dave: you can't Living in that state
of fear is super easy and I think more
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:people are gonna be afraid more than
ever And that's that's going to be the
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:most important thing particularly as
men stand up for your community Right
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:You know, to say, Hey, I I am going to
be a leader in this space It's going
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:to be okay We are going to get through
this and we're gonna get better on
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:the other side So that's where I think
that that institution that that That
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:failure of institution that we all
feel is up to us to change it And it
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:can happen in the in the local it can
happen in your neighborhood it can
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:happen at your your church your mosque
your your community center And it
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:starts with good strong men good strong
women you know coming out and saying
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:Hey we got this That's where I landed
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:Jerremy: This is a good
landing strip to land on, dude.
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:Like it's a, like it's a
good airport to come in on.
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:Dave: And
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:Jerremy: Because we do need those,
we need those things for everything.
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:Dave: Yes
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:Jerremy: we, we really do.
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:Is it, is it time?
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:Can I, can I talk about the new mayor
running for la his viral campaign?
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:Dave: I got nothing Yeah
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:Jerremy: I mean,
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:Dave: I
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:who is it
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:Jerremy: sp his name is,
I believe Spencer Pratt.
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:I could be mistaken on that.
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:Let me,
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:Dave: he's the he's the developer right
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:Jerremy: yeah.
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:Dave: Oh
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:I heard he was running last year
so he actually kicked it over Yeah
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:oblivious on la I gotta
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:Jerremy: No.
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:Well, he is,
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:Dave: buddy Olgo over there and say Hey
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:what's
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:Jerremy: mean, he is essentially
like, he's just created the,
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:the best out of all time.
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:Right?
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:he, kind, yeah, it's a bold statement,
but he really did, he nailed it
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:Dave: Tell
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:Jerremy: essentially.
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:Here's where the current mayor lives.
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:Here's where Governor Newsom lives.
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:Here's where people that are not you live.
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:And then here's where I live because
my house burns down and now I live in a
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:trailer and, and I've been living next
to you this whole time, and they're
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:throwing all of their dog shit on us and
making us clean it up while they live
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:in these amazing houses and pay for it.
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:Let's take down the system
like it's like an anarchist ad.
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:but it, it worked.
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:It works well.
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:And the reason I'm saying that is I
kind of feel like in a way he has this
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:also energy of like, Hey, I'm a dad
who lost everything and now my family
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:has to live in this trailer or this
rv, this pull behind this Airstream,
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:Dave: Yeah
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:Jerremy: and.
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:Aren't you also tired of being a great
dad and getting punched in the mouth by
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:Dave: Yeah
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:Jerremy: rich politicians?
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:And I don't think it's, I, I don't
think, I think it's the word rich.
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:He wasn't like, here's other rich people.
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:He was literally like, here's the
politicians that are getting rich off
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:of you, and look what they're doing.
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:Look how they're living and
look where, how we are living.
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:We're living in the slums
because of them, because of them.
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:Dave: I will take that a step
further but I wanna hear Well yeah
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:keep going I I because it's it
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:Jerremy: Go step it up, dude.
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:This is like a step battle.
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:Dave: I've had this rant before and I'm
I'm gonna I'm gonna keep going until
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:somebody stops me It's I was I don't
even remember where it was from but
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:one of the things one of the one of the
guys asked like the other guy which is
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:like okay so why aren't we seeing more
rioting in the streets Like well you know
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:like there's such income in inequality
There's such craziness going on overseas
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:that the it might even been Tim Dylan
right You know it's like kids can't buy
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:a house so that we can drop bombs on
the other side of the world And I'm like
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:that's crazy talk Right Like who wants
to live in that society you know like it
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:any sense that that my healthcare
has almost tripled in five years
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:And we're you know like we're we're
we're killing kids halfway around
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:the world Like what This is what $1.5
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:trillion in order to like make You
know make make the CEO of Raytheon you
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:know give give them another you know
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:private you know another Boeing
business jet You know it's
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:Jerremy: Uhhuh.
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:Dave: you know like we our our morals
are out of step with with America
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:and Americans are you know have said
repeatedly Look you gotta listen to
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:us We're gonna throw in the craziest
politician that we can think of Donald
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:Trump in order to break this system
because he says he knows what we're
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:feeling and he knows how the system's
broken So he's gonna drain the swamp and
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:do all this stuff And he got it Looks like
he got captured too So this frustration
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:is is growing and growing and growing has
been growing on for years And what this
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:guy said was And the reason why we're
not having any more riot in the streets
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:why we're not seeing more of this other
than this online you know echo chamber
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:Is that we don't have anybody really to
blame It's this amorphous them you know
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:it's those politicians it's those you
know like it's that government And that's
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:too big That's too crazy Like it's not
specific enough It's not until you you
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:started you know putting things against
an Epstein class where you could be like
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:oh I can actually oh that I I know who
those people are right Like I know who
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:the Epstein class and yeah I can I can
definitely hang that on them And so for
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:for me I I I feel like it's the goddamn
boomers you know like Jesus They have
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:been in charge for 40 years and they
won't give like there are politicians
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:who are dying in office dying in
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:and refuse to leave you know like you know
active cancer Jerry Conley who used to
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:be my representative in Northern Virginia
He was decaying on in in in on on tv
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:Jerremy: Yeah.
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:Dave: And he died rather than just retire
and you know it's like Jesus why why
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:why why wouldn't you wanna spend like
your last few months with your family
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:Like what kind of sickness is this that
you you boomers have of you know this
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:this hold on power We want all of the
money all of the benefits I I mean like
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:everything that Americans Versus boomers
it's America versus boomers that Americas
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:want Americans want you know healthcare
affordable homes education safety They
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:get The rest of us do not you know like
everything is geared towards their health
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:their wealth their happiness and not
for us It's it's them and us It it is
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:it is it is animal farm We are deep in
animal farm And that is that is gonna be
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:that's my t-shirt That's gonna be my my
my face tattoo is like we've gotta we've
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:gotta start holding boomers accountable
because this is bonkers They created this
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:Jerremy: And now they're about
to retire and travel around.
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:The travel around the us.
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:No, not retiring.
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:They're just gonna keep working.
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:Dave: their peptides They're gonna try and
live another a hundred years and stay in
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:power That's what they're gonna try and do
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:Jerremy: We're coming after you.
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:Boomers
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:Dave: Go punch a boomer in the face
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:Jerremy: we're coming after you.
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:Dave: Alright Sorry that was my rant
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:Jerremy: good rant.
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:Dave: Clip of that one Punch
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:a face
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:Jerremy: Good rant.
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:Dave: I'm
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:not calling for violence on old people
but dammit You know like this is about
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:that responsibility again It's like you
guys have been in charge and you have
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:left demonstrably worse world all over
the world is demonstrably worse because of
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:the boomers There is there are a handful
of things that are slightly better you
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:know like I don't know More people in
the world are living out of poverty We'll
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:we'll we'll we'll give them that one
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:Jerremy: Yeah, that that is true.
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:Yeah.
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:Dave: Right You know like Americans in
general are have a higher standard of
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:living All right great But on every metric
that actually matters whether it's health
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:whether it's even living longer than your
parents whether it's having opportunities
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:having children having happiness having
a hope for the future not one metric that
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:actually matters is even is even slightly
going up And we have to hold the boomers
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:accountable for that They created this
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:Jerremy: Okay.
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:Yeah, I, I mean it, but it's, it's
a, at least it's a group, right?
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:To your point,
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:like, need to blame someone
very, very specific, very direct.
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:And what's cool about it, Dave and I
like to take is I don't think anyone's
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:like, it's the older people in the
country, but the boomers specifically
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:who have been raised and just.
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:P and, and this wealth that has
just increased exponentially.
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:I see a bunch of memes on Instagram
and Twitter, and they're all kind
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:of funny where it's like, here's
my granddad who bought his house
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:for a dollar and a Popsicle stick.
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:Dave: Right
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:Jerremy: then he, and then
he sold it for $4 million.
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:And that is, that part is real.
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:I talked, when I was in Laguna
Beach, I talked to numerous people
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:just walking down the road and
there's the, you know, the shirtless
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:boomer, pushing his lawnmower
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:Dave: Mm-hmm
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:Jerremy: on his 400 inches of grass and.
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:we would have a conversation and I'm
like, Hey, man, how long you been here?
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:I was like, oh, I been here for 32 years.
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:Dave: Mm-hmm
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:Jerremy: that's incredible.
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:And then with third or fourth sentences,
they're so excited to tell you.
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:It's like, yeah, man, this
house is my retirement.
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:You know, I bought it for $213,000 now
it's worth five and a half million.
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:Dave: Oh
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:Jerremy: You know, and they can just.
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:Dave: this is my third home
That's the part that kills me
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:Jerremy: Yeah.
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:Yeah.
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:This is the third one.
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:We, me, me and me and Denise
picked up another one 10 years ago
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:Dave: Yeah
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:Jerremy: on with equity from this house
that we didn't have to pay any taxes on.
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:Yeah, man.
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:It's,
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:Dave: Ah
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:Jerremy: it is very,
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:Dave: Mm-hmm
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:Jerremy: it's very prevalent, the
awareness and the understanding that
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:there are people that are not being held
responsible for the lack of improvement.
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:Dave: Well I like the
Pratt message He's like
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:you know like these guys and not that
that you know the mayor of LA or or You
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:know Gavin Newsom they're not boomers but
they're the product of the boomers They're
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:in the boomer stew you know like that
that is how they got ahead was playing
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:by the boomer rules And that is that's
really real to say Hey look I'm in this
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:with you and this is the problem And like
I'm living in a trailer and nothing's
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:been done I can't believe that that after
what Two over two years that they haven't
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:completely rebuilt LA And it's it should
be should be a testament to what we can
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:do It should be beautiful And and and
and I mean it should be incredible It's
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:it's it's the second largest city in the
United States and it should be incredible
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:It should be completely reformed after
all of this And it's not That's crazy
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:Jerremy: Yeah.
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:Yes.
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:Yes, that I think that that is gonna
be, I, I would put Gavin Newsom
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:winning the presidency at 0% chance.
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:Dave: no way
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:Jerremy: Zero and it, because that's
gonna be the big one where it's like,
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:dude, what are you talking about?
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:Like as you go, if he at least was
trying and going on Twitter, often,
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:going on podcasts, often talking
about how he's actually gonna fix it
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:and, and began fixing it and began
helping and began doing some type
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:of government aid or construction
projects or reframing or bro, something,
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:Dave: Hey
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:Jerremy: something.
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:Dave: we we can all agree on Government
being fundamentally broken It's
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:come up like a billion times in a
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:interviews After 200 episodes It's like
where does the money go Well it it doesn't
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:go to where it needs to go That's all we
know Right And so it's this graft it's
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:this you know it's this leakiness it's
this you know like I I when I worked on
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:the government I couldn't bend a paperclip
for under a hundred thousand dollars
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:Right So I it was you know just absolutely
ridiculous The you know amount of of Of
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:not only bureaucratic red tape but all
of the all of the hands that the money
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:goes through You know I in in the Quasar
networks our our other you know crossover
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:show you know you you have to be paying
attention to politics because you're not
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:paying attention to your portfolio because
the the government is both the biggest
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:employer and also the biggest spender
in the United States globally right So
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:like And it's it's full of a bunch of
garbage If government was working I think
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:everybody would be like of course I want
to be doing more of that But it's not
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:Jerremy: Yeah, I know it's not.
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:It is not.
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:Dave: where
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:Jerremy: Yeah.
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:where, well, I, I, I had to look up really
quick how old God the Newsom is, because
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:I'm like, man, I feel like he's a boomer.
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:Dave: Yeah
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:Jerremy: not, he's three years,
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:Dave: I
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:Jerremy: three years, three years short.
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:1967 is his birthday.
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:Dave: He's older than me
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:Jerremy: October ten, fifty
eight years old,:
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:So the Boomers end in 1964.
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:Officially, they go from 1946 to
:
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:for about 20 years after that.
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:Anyway.
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:Dave: As the official spokesperson
for Gen X I I I denounce him and have
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:thrown him out of the of our club
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:Jerremy: that's funny.
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:where did I land?
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:Well, I thi this is kinda my, my
belief is that we just need to change.
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:We, we need to change the dream.
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:I mean, that's where I landed
is we gotta change the contract
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:that's been given to us.
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:Alex: Forty years of the
Boomer's playbook—and Dave's
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:done pretending the math adds up.
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:But Jerremy isn't here to mourn it.
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:Next: what building wealth actually
looks like when the old American dream
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:has already been sold to someone else.
