Peter Thiel Blows Joe Rogan’s Mind by Explaining the Real Reason California Hasn’t Collapsed
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- Опубликовано: 26 окт 2024
- Dave Rubin of “The Rubin Report” shares a DM clip of Peter Thiel explaining to Joe Rogan the surprising reason California doesn’t collapse despite it’s awful governance, and why it’s more like Saudi Arabia than people realize.
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Taking my retirement money and leaving California. Newsom decimated what used to be a beautiful state.
just look at what he did to san francisco.
now he wants the top job in washington DC.
california slum and crime ridden city's coming for you.
Buh bye.
this has been going on since reagan was governor. you're a fool if you think this all on the left.
I've made my money her with this fantastic economy and now it's time for me to leave. Coward. Traitor. Typical Trump supporter.
What took you this long to finally see the truth?
The Republicans in NC are working on getting rid of the income tax. They've been dropping it by 1/4 percent every year.
Good
I wish the Republicans in Georgia were actually Republicans. They've controlled the governor's mansion and both houses of the state legislature for 20 years now, and we still haven't gotten rid of our state income tax. It's madness.
Bad call... Nevada has no income tax, and the reliance of this state on government block grant money, and the higher poverty rate are insane.
@@FosterTravis1071
Nevada does not have an income tax issue. It has a " The federal government owns the entire state" issue.
@@joelspaulding5964 Exactly, something north of 60% of the land in Nevada belongs to DC, not the state. Edit: this is possibly up to 80%, I've seen some conflicting numbers. It may be that the feds own 80%, and 63% of that 80% is BLM land (Bureau of Land Management). The rest is mostly DoD and D. of Energy land.
The "disease" that is California bleeds over to other states. When the population that is in CA is sick of the cost of living, they sell and move but bring an unnaturally large demand for housing and limited jobs to where ever they move. And in doing so, they also bring lots of cash driving housing costs up to levels the locals can't match. Here in Montana, the cost of housing in places like Bozeman is so high they have literally priced locals out of the market. Native Montanans can't afford to purchase a house in the city they grew up in. Target employees make $25 an hour and up there because otherwise they wouldn't be able to live there...and even then they have to split housing costs. It's a nightmare.
"Don't California my Nevada!" or your state of choice. I drove a rental car with CA plates in Utah last summer, and I found out that locals _really_ don't like Californians, real or perceived.
Basically they cause massive inflation and crime wherever they go
That's everywhere right now, my friend. High prices from the 20-22 boom plus high rates became record high home unaffordability.
Damn I can make $25/hr at target?
@@firefly9838 yeah in a town where 25$ an hour wont get you shit.
Tech companies are beginning to leave California.
It's their fault
@@Nome_utente_genericoit's Newsom and the rest of the political hacks fault !
Dont bring your horrible insane woke voting here to sane successful states!
Is that a good thing though? I'm sincerely asking...
Unlike oil fields, they can move out.
"We took paradise and turned it into hell. It was very hard to destroy California, it's got huge amounts of timber minerals, oil, natural gas. So it was very hard to destroy that inheritance but we did. We have the highest gasoline process in the United States. We have almost half of the nation's homeless people. We have one-third of the nation welfare recipients. We have the highest income tax, it's sad." ~Victor Davis Hanson
"It's sad." Or diabolically clever.
That's 100% accurate Mr. Davis. 74 yr old native here.
50 years of mexican migration can accomplish that.
Why do you believe "it was very hard to destroy California", when, in basically less than 150 years the human race has completely destroyed the entire planet?
Are you dumm?
The reason we’ve turned it into hell isn’t because of the abundance of resources here, rather the abundance of resources here is why we ourselves are so dysfunctional. Read The Past Is A Future Country by Dr Ed Dutton. Essentially we’ve had it too good for too long, and our genetics have deteriorated because the absence of scarcity and child mortality has prevented nature from weeding out the weak and dysfunctional. And that has been going on for at least 100 years. Sad? Yes. Horrible truth about the world and nature? Yes. Still the truth. We are a dysgenic mob.
Mass crime, feces on the street, and a 26 billion hole in the books. Stupid.
when you factor in unfunded pensions, the deficit is over a trillion
The difference is the oil fields dont move. Businesses can move whenever they want.
The network and weather cant
top universities
Price wise, college grads couldn't tell you who the first 4 president's were or the capital of florida. Education system has become a progressive American hating joke.
And that's exactly what they're starting to do! They might be keeping the state afloat for now but with every tax increase and every additional absurd regulation, more and more companies are going to reach the point where they're better off moving. Which of course in this state will just mean increasing taxes even more for those who remain, which will push more of them away, etc, etc.
Stanford producers more billionaires than any other university in America. The ones who went to Harvard were already born into generational wealth.
As a Californian who is leaving when my husband retires…PLEASE VOTE RED! Do not let our country turn into what has happened to California. 🙏🏻🇺🇸❤️
It can get better. Cali can be great again! I believe that with everything I have ❤
@@michellee7469 so delusional to think voting either way will nake a significant change
If you had nominated anyone other than Trump, the election would already be won
Don't worry, I'm sure California is plotting a way to tax pensions of people that leave California for retirement.
@@martinpaddlewho did u nominated?
The California Saudi Arabia comparison is brilliant!
California flourishes in some ways, in spite of all their terrible policies not because of their terrible policies.
Vote Blue if you want all of the US to look like California.
Democrat voters do, and they will!???
Oh they will, they will…
Hahahaha. No think. Its the rich and the poor. Thats all. It
What @@freegeorgia4808
Peter's right about one thing California has a great Location. That's the only reason the State hasn't collapsed under the weight of its government driven inefficiency. Too much government always destroys the individuals' rights and freedom. It's happening more and more every day. Only people left in the dystopian society of California are the extremely wealthy; elite bureaucrats; the ultra-poor; and criminals. Third world stuff for certain. IT'S JUST A MATTER OF TIME.
Saying it is stable is a stretch, raising taxes will only work for so long.
Red states keep bailing them out. There should be a balanced budget amendment to the constitution.
It's like a landlord raising rates on an apartment building to cover interest on his growing debt and utility bills, but is loath to spend money on repairs. The balance sheet might look good now, but eventually, the entire thing will collapse and high rents wont help you.
But the landlords Bentley is very shiny.
Its like calling money "stable" because it requires inflation to remain that way 😂😂
"Its stable, but we require MORE every year"
- Politicians
I went to Tennessee with my family on vacation last year. We ended up walking in downtown Nashville for nearly an hour. Didn't see a single homeless person and hardly saw any litter on the sidewalks.
"Didn't see a single homeless person"
They're there. They just don't camp on the sidewalks.
@@wisenber agreed
@@wisenberhell there’s usually a few on lower Broadway. Not sure where OP went and managed to not see any.
@@scotts148 And most off ramps.
They're in the smaller cities too
Can you imagine how prosperous CA could be if the government got out of the way?
This is what angers me most about California. I spent the first 30 years of my life there and if the government wasn't so inept and woke I likely would have never left. Basically what he is saying is that the only reason California doesn't collapse overnight is because there are still a small group of insanely wealthy people that keep the state afloat. Too bad about 95% of people who live there aren't in that group and can't ignore the problems like the super wealthy
Government money built California… the railroads, agriculture, Big Tech, all of it. I simply can’t imagine being uninformed enough to believe the likes of Rubin or Theil. It’s actually depressing me to witness how such a large percentage of my country is so gullible🤦♂️
He also completely forgot to mention the massive oil wealth in Kalifornia. Thats how they pay for their schools and much more. The oil industry must pack up and leave.
Now imagine CA stands for Canada and not California and the statement still works.
Yes. Those of us who grew up there REMEMBER!
The weather is not worth staying for. The whole state is burning. Born and raised in California and we had to leave last year. Couldn’t afford it anymore. And we lived in the more affordable and conservative northern part. The homelessness, crime, flood of illegals, fires, 110+ degree heat, taxes, insane fire insurance isn’t worth the struggle to stay.
think it's still worth visiting? I've always wanted to check it out. Just moved across the country to Arizona and I'm loving it compared to the midwest, it's totally different.
@@bloatmax4420 Yes. Best places to visit are not the cities though. Visit the National Parks, forests and small towns.
@@bloatmax4420 San Diego is worth visiting. Otherwise, completely agree with the other folks.
Remember why you left when you go to the voting booth.
I grew up in beautiful Santa Barbara and am beyond thankful I’m now in the Midwest I love the people here! The prices probably don’t need to be mentioned but boy it’s gnarly cheaper to live here! I can raise a child alone and we own a home=)
I grew up in the 50's 60's. Taxes were low as well as great schools and roads.
When I was a kid back in the 50s and 60s everybody wanted to live in California. Now its a rat hole
What changed? I'll tell you........non-stop acceptance of illegal immigrants.
Need to stop electing rats 🐀
@@JoeJordan-t8h When I was a kid in the 80s, it was everyone’s dream to move to California. It was in music videos “I’m moving to California “, and they made movies about it. Not anymore. So sad.
It hurts to see what was lost
Yep. They had a run of Republican governors, then Republicans held the majority for most of the 2010s and ruined California.
You left out the amount of Fed money that is dumped into California to bail them out.
Exactly, and all the water they get imported
California generates most of the money the fed collects. The US is dead without Cali. Red states are the ones that depend on fed money. Most of them have nothing going on. The poorest states in the country are red states, wouldn't last a day without fed generated by Cali and New York
And the money from foreigners who want to buy estate and doing businesses here in US. Demonrats really sell out the state.
He's a shill for the Feds, he is pure C.I.A!!!
Also, most of the cheap Asian goods come into the country through California. Importing and distribution are two major industries the state would not have if it were not for the mere luck of geography.
I just moved to Vegas from LA a few months ago. We love it. Built a big house for cheap, one of the best food scenes in the world, lots of fun stuff, friendly people, international airport. The weather is beautiful most of the year. No mosquitoes, hurricanes, earthquakes, tornadoes, or state income tax.
Actually, I think Vegas can get earthquakes. Let us know how it is after another 2 years when the Honeymoon phase is over.
As someone who got stationed in Vegas back in 05, and retired here a half dozen years later, Im pretty sure Im leaving very soon. Im just waiting for the right time to do so. Vegas has gone to shit, and will continue to worsen as the years come.
I was there for my fiftieth birthday in 2016. It was amazing. It was also 121 degrees. Yikes.
Beware your new state being populated by Dems/Socialists. They work very hard at screwing things up.
Hope for your sake we never get hit with an e.m.p or natural disaster. Really shouldn't live in the desert. To reliant on the system working
As somebody who lives in LA, don’t let the whole Hollywood and celebrity reputation fool you… it’s a dump for the most part
Agreed. When my midwest family visits they always want to go Hollywood and Venice Beach. Once they see the cesspool that are horrified and want to leave.
As somebody who lives in Southern California don't let this clown fool you... California is still BEAUTIFUL
Anyone who has looked at the news in the last 10 years knows California is a dump.
@@stone34Liar.
I just left LA. Couldn't take it anymore. It's gotten much worse since the insane lockdowns.
I lived in California 50 YEARS.
Thank God we have no "cities" here in Wyoming!
Just one big state eh ? lol
Love Wyoming!
And Wyoming has lots of oil fields too and none of the bad politics 😅
@@MichelleNovalee Lots of room.
Wyoming is full. GTFO.
I spent 39 years living in California. It was expensive but I didn’t feel it because it’s what I always knew. The weather is great, but it actually gets old and a little depressing- it’s really a bummer to have clear skies and 85 degree weather in December. I moved to Tennessee a few weeks ago and I’m sure I’ll miss California, but what I’ve been saying for months is that I didn’t leave California, California left me. Huntington Beach turned dirty and ugly like Venice beach. Disneyland used to be something we all kinda did regularly but now only my friends who are dentists can afford it. There used to be certain places you’d expect to see homeless people, but now it’s just everywhere.
85 in December? Barstow is barely California, most people live on the coast.
I am moving to Nashville in 2 years. !! Got family there … can’t wait 😛
But people continue to vote for Dems. Don’t get it.
Glad you guys left. Just leave the William behind you and don’t turn Tennessee into a new California. That’s what starting to happen to many of the states that have millions of California expats… many are just voting in democrat politicians identical to those in California.
I fled CA after 40 years for the Free State of Florida that with no state income tax has a 20 billion dollar surplus. Ca with 14% income tax and second highest gas tax has an 80 billion short fall. Guess where the money goes? MOOCHERS. They vote for elected officials who give them free stuff, preferential treatment and govt jobs with no chance of being fired then huge pensions in their 50%. It is the poster child of Atlas Shrugged and producers are shrugging and heading to Galts.. aka DeSantis...Gulch.
"Guess where the money goes? MOOCHERS."
So he was right, it IS just like Saudi Arabia!
By "producers" you mean retired cranks? 😂😂😂
I lived in SF for 15 years. I completely agree with " They vote for elected officials who give them free stuff, preferential treatment and govt jobs with no chance of being fired then huge pensions in their 50%" It is another form of communism (I lived in a communist country too so I know) where party members (i.e. elected officials and civil servants) enjoy all the privileges while regular people (in SF: those who work in the private sector, especially outside tech) are ruthlessly exploited to perpetuate the system.
UC system and all related employees were given a 20% raise right before the budget shortfalls. They knew it was coming, so they rushed it out before people could be upset about it. California is a racket setup to suck as much money out of the state to enrich themselves. Meanwhile infrastructure (water, roads, electricity, schools) are all crumbling. Absolutely disgraceful. Union public workers in Los Angeles can often make 100-150 dollars an hour doing basic street construction. There is a reason a single bathroom in San Francisco cost multiple millions of dollars to build. Everyone needs their cut.
@@alviverdeusHe produced for 40 years. How bout you?
Lifelong Californian here: we have good weather, we dont have good governance, law and order, strong economy, and the government is hostile to businesses, except *perhaps* big tech.
So the one upside I'm hearing is good weather.
Voting has consequences
So what your saying is its all crap except the weather ...
@@13Scorpio70food is pretty amazing.
@13Scorpio70 Weather and incredible variety of beautiful, natural scenery.
The government, laws and a lot of the people are total nonsense.
Military brought me to California. I love every bit of it. Except the people in Sacramento that run it.
The difference is that oil can't choose to move. California first had Hollywood, and then they had Big Tech. Slowly, those are leaving. California is far closer to collapse than he realizes.
First was Gold, oil then cattle..Thats a fact..
We'll see. But I think his point is that in other states, they would have already felt a lot more of the pain than California has.
That’s a really good point
California had aerospace and defense. Not clear those still exist in California
@@Gustav-vu5tj They still do, most of aerospace will stick around the west coast since that's where Boeing resides. As for defense, that industry is spread out a lot, with bulk of their activities near big government presence....ya know, for lobbying.
Give it a couple more years and there'll be a "leaving" tax. You'll be forced to pay to leave the state.
I'm pretty sure they tried to do that once already.
Newsome already tried that . I am sure he will sneak it in before he leaves
I think they already have that tax.
Damn, sounds like it’s turning into North Korea. When you can’t leave freely, you have a dictatorship.
DamnSoundsLikeNorthKorea,WhenPeopleCantFreelyLeaveThatsADictatorship.
Dave Rubin has a fascinating business model: Publish videos of other people's content while on months-long vacations -- then rake in the millions. What a guy.
He’s a tribesman, what do you expect lol
LOL
I don't think youtube pays on videos like these.
@@mtmt88 It doesn't matter. It still nets new followers, and thus more viewers and ultimately, more income.
@@mreast14998 He did an ad read what a genius he made money
I was born and raised in the Bay Area of California, and was blessed to be able to relocate to the Nashville Tennessee area in 2005 (thanks to reload from the former employer). I ABSOLUTELY love living in Tennessee, although the humidity does get to you… You couldn’t NOT pay me enough to move back to California.
DOUBLE NEGATIVE
@@KitaJabignobody cares
@@KitaJabig🫣
Are you voting blue in TN and plaguing the state with CA voting? Undoubtedly you are
Couldn't not pay you enough.
So they could pay you enough?
Anecdotal: I know people who have moved here from elsewhere in the Midwest and East Coast to retire. After a couple of years, they started complaining about how expensive it is to live in San Diego (or California in general.) When I ask them who they voted for it's always the Democrat, the party that loves to tax everyone. I would vote for a Moderate Democrat in a heartbeat but they no longer exist.
Hence, you get what you vote for. Democrats love to heavily TAX so they can give the freeloaders a free ride.
Moderate Democrats still exist. We call them Republicans now.
Yes you’re correct. I live in socal and everyone complains about high cost of gas, the homeless but they ALWAYS vote blue
There are no Democrats anymore my friend....they died with JFK....its the progressive party
It's the same problem with Republicans. No moderates left there, either, although I still think Rs are the lesser evil.
How anyone still votes blue is beyond me.
Did u learn critical thinking at trump university?
Lol, used all those grey cells to come up with that one? A personal attack? Good representation! Keep on truly representing his point. Eventually all people with critical thinking will be on one side. And give you a hint, this decade, it isn't the left. Truly tho, the right leaves a lot to be desired, but they have discourse. Parties need to go.
@@brando7266 Do you learn critical thinking from CNN or do you prefer MSNBC?
@@brando7266Do you live in leftard lala land mentally?
Exactly
It pains a lot of people who loves USA to see beautiful cities of USA declined to such a stage...unbearable to watch.
If people are feeling unbearable to live and want to move out, then, you know there are problems when businesses are also moving out.
Outrageous Taxes, theDEMONdncRapesTaxpayers!
Well you’re smarter than most of our citizens!
Companies want no county taxes. Let the citizens pay that.
Just wait next year when Kamala comes as potus and the you will experience unbearable.
The vast majority of Californians have no idea it can be any other way. I grew up there, and people there just think it's normal because they don't pay attention.
If this is true why do they need the federal tax payers money to bail them out.
They are offering home ownership to non citizens now without a down payment!
Wait what? How and where?
While making others pay extra for mortgages
Summarized from a March Politifact article: the Dream For All act would give first-time home buyers interest free and payment free loans for their home. Assembly Bill 1840, introduced in January, would codify into law that "an applicant under the program shall not be disqualified solely based on the applicant's immigration status”. The proposed legislation would not give the loans exclusively to immigrants in the country illegally. Californians who meet certain income limits also are eligible for the program.
So yeah, I think that’s what they’re referring to.
@@AlleluiaElizabeth Interest free and payment free? madness! On our way to being Venezuela.
@@alcogito8287 The Dream For All Act: A Pathway to Affordable Homeownership
The Dream For All Act, formally known as Assembly Bill 1840, is designed to make homeownership more accessible for first-time buyers in California. The bill aims to provide interest-free and payment-free loans to help new homeowners cover down payments, closing costs, or even portions of their mortgages. This initiative comes in response to California's housing affordability crisis, which has long been a barrier for many individuals and families striving to own their first home.
Under the Dream For All Act, the loans would act as silent second mortgages, meaning borrowers do not need to make any payments on the loan until they sell their home, refinance, or transfer ownership. This feature makes it easier for homebuyers to manage their initial financial responsibilities without the burden of additional loan payments.
The goal of Assembly Bill 1840 is to promote long-term homeownership by reducing the financial strain that often prevents people from entering the housing market. By eliminating the need to pay interest or make payments on these loans in the early stages, the Dream For All Act aims to provide a stepping stone for new homeowners to build equity and financial stability.
However, like all policies, the bill has its critics. Some express concerns about the potential strain on state finances and whether the program could encourage individuals to purchase homes they might not be able to afford in the long term. Nevertheless, proponents argue that the program offers a much-needed solution to help close the gap between renters and homeowners in California.
Overall, the Dream For All Act represents a bold attempt to address California's housing crisis and help first-time buyers achieve the dream of homeownership without the immediate financial pressures of traditional loans.
You've got to keep in mind California makes more money off a barrel of oil than the oil companies do because of taxes.
Same here in ireland
I'm a highschool dropout who move to the Tampa area and started my own business 18 yrs ago. Best decision I ever made.
I left California 20 years ago and I am thankful I did. I can deal with a little weather, it actually helps keep every year from feeling exactly the same like it did in Cali.
I pray for the day CA is under new management. Finally left in June, after three decades there- did my best.
where did you go? looking myself
If you’ve got his money, you can insulate yourself from the annoying people and politics. Travel when you want to also. Overall, if you’re wealthy,
Coastal California is the best place on the planet to live.
And it makes the government and politics of it all the more sad and infuriating
Whites moving out, immigrants moving in.
Pretty IMPORTANT point to intentionally ignore there.
CapootalismNeeds a lower class to exploit
So the whites weren't immigrants, Mohawks and Tomahawks? LMAO
Whites moving back to Europe
People like this are what make it difficult for nonwhites to vote GOP. You guys need to form your own party.
And I’m sure you don't see the racism in your comment.
2:51 But California doesn’t have a giant oil field like Saudi Arabia. Additionally, those who run Saudi Arabia have been planning for when the oil revenues run out. California on the other hand, just keeps digging themselves deeper.
California has a massive amount of oil underground. Along with natural gas.
You missed the part immediately after where he equated the Saudi oil industry with California's tech industry. One single industry propping up the whole system. It's a good analogy that Thiel made. California would be nothing without if it hasn't captured the tech industry the way Saudi Arabia would be nothing without its oil.
Land of milk and honey, Cali produces more fruit and veggies than almost anywhere in the world. Pity it's been purposely destroyed by a select few .
@@jacobmasters438 The difference between Saudi Arabia and California though is that SA will happily extract and export that oil while California wants nothing more than to cap every well and ban anything that would even use it.
But they have silicon
Thanks for the video Comrade Dave. You should call it "The Ruble Report"
What pains me is when the party that is in charge blames the party that is not. Then they say if elected again they will fix it one day one. Let's really think about that?
That’s just it friend, the people they are pandering to have zero ability to connect dots. Hard to believe, but they’re actually stupid enough to vote for more of the same. Never ever underestimate the stupidity of the average American.
Kamala has been saying for 3.5 years how great everything is,,, now she says when elected how she will fix everything..... give me a break..!
Right, so basically, people stay in California because they like the weather.
Look up a map of California- just like the rest of the country lots of true red towns.
i stay here for my mom. we are all that is left of the family and my mom needs yo live in a care home.
@CaliSmithFamily LA , SF and the bay area so blue the red can never win in this state .
Oh they are definitely blue…..
Feeling blue?
Many people work and pay taxes in CA, now at the time of 50+ they cannot afford to move because they need healthcare. Plus, their kids are now brainwashed not want to move.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place........
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
They raise taxes to cover their boondoggles. Where did they steal the money for the "high speed rail," (2 miles at 6 billion dollars.)
I live in DFW. Trust me, we don't have an inferiority complex. There's no place in the world where people are more optimistic about the future than here.
Right! I'm not sure why he's harsh on Texas cities. His take seems strangely biased, and almost seems personal. Maybe he should show us on a doll where Texas hurt him. I'm in Dallas and I've watched it grow and change over the 30 years I've been here. I'm not sure how a large city like Dallas can have an inferiority complex to New York and LA. It's a business and industry town. It doesn't cater to just one type of business, but business in general. Austin has become the kid brother to silicon valley with tech companies setting up camp there as well as hosting Dell. Houston is much more than oil.
I agree, people in Dallas don't give two sh*ts about LA or NY. Also, I'm not sure what he considerers a "City", but how does he leave out San Antonio when mentioning TX cities. I get what he was saying, but that's like leaving San Diego out when mentioning California's big cities.
I think a lot of people in Dallas could live anywhere. They choose to live the big city Texas lifestyle.
Agreed, his take on Dallas was silly.
@@Texhorns71I was going to say everything you just said. Ppl in Houston Dallas San Antonio pride themselves in not caring about what ppl in NYC or L.A. do.
Born and raised 28 years in Dallas and I never once got any vibe or explanation about any sort of inferiority complex vs LA and NYC. The vast majority of people there hate on those cities waky leftist policies just like any other Texan (maybe the city leadership is different?) . I'm not really offended about what he said because I just have absolutely no idea how someone could come up with it lol.
People are really not getting Thiel's analogy. The tech industry is pretty much propping up the California economy, just like how the oil industry props up the Saudi Arabian economy. The whole point is that so long as those industries remain stable, California isn't in danger of immediate collapse. The problem is that if anything happens to disrupt those industries, everything being propped up by them will collapse, too.
Such as...I don't know...investing far too heavily in a dead end technology like generative AI...
Plus the tech companies are propped up by VC companies and once something more lucrative comes a long that will also sway
Yeah, the Bay Area, particularly the Silicon Valley area proper in the South bay, is the single greatest concentration of wealth that humanity has ever known.
People forget, and the state government keeps hidden, California is sitting on Saudi Arabia sized oil. So California has tech and oil.
@@TrippSC2 Well actually, notice how Thiel mentioned that the bureaucracy and real estate act as a wealth redistribution, in some ways all the unions for the various Hollywood jobs like writers also act to redistribute the wealth generated by the studios. If AI gets going and they no longer need those people, it will result in even more people dropping to the bottom of the system. Same is true for all those programmers if the AI can start to learn how to program itself.
I used to live there in the mid to late 2000s. The place is a damn wasteland… and that was BEFORE tent cities went up everywhere.
I was in LA around 2008-2009. The first time I went downtown at night I was shocked to see what it looked like,
Thank you Peter
if the state increases my property taxes again i might lose my home.
I am 65, broke. and would be forced onto the streets.
My biggest disappointment in the founding fathers is that they didn’t enshrine a “right to property” into the constitution. The idea of the government seizing homes is disgusting.
That’s their plan.
Better buy a tent while you still can.
So sell the home before you lose it, and move to where you can afford it.
My daughter(38) lives in the city of Orange, Ca. and she recently told me her home was reassessed. That added 600.00 per month to her and my son-in-laws house payment. I said, what's your payment now, when she said..."almost 5,300.00 per month dad. 5,300.00, and that's after I and her husbands grandmother gave them 100,000 each for a down payment, and we're talking inland city of Orange, not on the coast. I guess the upside is she's got a significant amount of equity in the house if they decide to move elsewhere, which she did express they've been thinking about moving to Tennessee.
On another note, my niece, who's virtually the same age as my daughter, she and her husband moved from Irvine, Ca. to Huntsville, AL. on June 1st of this year.
Yeah and Detroit made Americas cars. Take it for granted too long like Sears.
Sears sold mostly American, and Japanese made products. I still have stuff from Sears 50 yrs old. They couldn't be Sears and sell crap.
Yeah. There's been a steady flow of native-born Americans out of California for over 30 years now. They've made up for it with immigrants. But sooner or later, I think a series of events will force a lot of people out all at once. I'd guess a combination of natural disasters and horrible policies. I hope it doesn't come to that, but I think it will take something drastic for the people of California to wake up and realize their voting behaviors are part of the problem.
seattle weather is amazing. never cold. never hot
Never sunny...
I lived in Nashville for 12 years. It was paradise, but after the boom it has changed so much for the worst that I would not want to move back.
Show me one place in the US that has changed for the better.
Democratic Mayor. Enough said
@@TimlerFXexactly. Slowly slipping into oblivion.
Cities, once they get to a certain size, should become their own "state". Their taxes and government etc... should be separate from the rest of the state.
They have entirely different needs than the rest of the state.
I think so too.. If America continues to divide we will states diving off from itself...eg. Greater Idaho and Jefferson California. Southern Lincoln in Illinois.
Yes. It’s time to redraw some of these state lines.
I lived in Cali for many years. The part of that "stable system" Peter Thiel is leaving out is the huge gap between the haves and the have-nots in California. That "stable system" takes advantage of the middle class, and the illegal immigration population, in order to maintain that stability and GDP.
Weather is not even close to being everything. If you are staying in Kalifornia just for the weather (while hating everything else about it) you're doing it wrong.
The analogy is imprecise. Saudi is dependent on oil, but the oil can’t leave. CA has already lost some key cutting edge companies like HP, Oracle, Tesla, SpaceX and Charles Schwab. CA can afford to lose 20% of its population, but not 20% of its top companies.
Chevron is slated to leave California too
@@misteroughtright5557 Yep . They're all getting out .
🔥🔥🔥🔥 "I'm perfectly okay with what's happening right now." ☕️ Sip. 🔥🔥🔥🔥
I think that's the reason he made the analogy the way he did... anyone with 2 cents worth of common sense knows that companies can and do move based on where it is most advantageous for them to be long-term. Whereas Saudia Arabia can continue their shenanigans until the oil runs out, CA could be in a trouble very soon if enough big tech leaves. Even a 5% move would result in massive budget short falls that would drive up rates for those who stayed, which in turn would lead to further exodus.
That's what I got out of it anyway: these two propped-up states certainly have many similarities, but the big difference is mobility of the props in CA.
Also, SA is not overrunned by mass immigration, drug trafficking, crime, and homelessness.
Best analogy and analysis ever.
So Whitney Webb has a lot to say about this guy, none of it is good. He's another manipulative elite.
He knows who's buttering his bread and it ain't you!
Whitney Webb is NI (Natural Intelligence)... amazing.
@@teonactalpizzaas opposed to AI i guess
Whitney makes my head spin. Are there any good guys who have power in the world?
@@teonactalpizzaher intelligence is perky until her late 20s, then sags as she gets older.
HE described Texas and our three big cities well. If I had to move, Tennessee would be where I would go.
I'm a native Californian that has lived all over the world and returned 20 years ago. Once you get out of the cities it is much more tolerable. The wacky factor doesn't affect us as much. Costs are the biggest issue right now especially in the sticks where I live. Insurance and access to healthcare.
Why isnt Joe asking him about his duel NZ Citizenship and the Fact that he has built a bunker in Queenstown NZ.
Ohhhh, Queenstown NZ has more retired and Currently employeed C.I.A personal than any other country outside of the U.S.A!!
What are they telling you by not telling you !??!?!
Exactly.
He’s all about surveillance!
Very interesting info. Where did you come upon this?
@@TuskerWarriorright, source needed.
Queenstown is possibly the most gorgeous place in the world - and I've visited a lot of beautiful places.
Are you forgetting the dollars in tax, fees, surcharges & & & on every single product coming into the United States from overseas, then shipped into the nation. California gets the first slice of cake ALWAYS.
If Mexico is successful in building their own Panama Canal, Texas could receive a good portion of this importation of goods. No taxes and it's more central to the rest of the country...win, win.
We escaped Cali 3 years ago & moved to Mt. Juliet, TN (outside Nashville). Move here Joe. You’ll LOVE it!
I am in BC Canada and am now seeing tourism commercials to visit California. Never in my whole life have I seen this!
Did you see the ads to visit Israel on YT just before the Gaza meltdown started?
Really? I'm from Winnipeg and we've had ads to visit California for decades. The ones I remember best are the ones with Arnold Swartzenagger, when he was Governor (2003).
@@kyleme9697 Well, people here drive down the coast frequently and lots of cheap flights here and there but no, the ads are new. Maybe Manitobans did not tend to go as much, therefore the ads ran more?
What about Florida?! I grew up in So. Cal. and moved to FL when I was 24, been here ever since, I love it!!! Tampa, Clearwater, St. Pete. Jacksonville Beach are all great places to live!!
Exactly the Tampa Metro is larger then Nashville get weather like 9 months out of the year great food choices have exploded over the last decade. People sleep on it which Im not complaining about…lol
@@williamarroyo1109 right?!?! I don’t understand why Tampa gets overlooked?!? There is Hyde Park, Channelside, S. Tampa, Ybor City, Downtown and those are just a small part of Tampa!!
Tampa is awesome. Nashville is the darling right now. People think it’s the promise land. That place didn’t even have electricity a few years ago. lol
@@lancer2029 LOL!!
My brother moved to San Diego 2 years ago and loves it, absolutely loves it. Says he'll never leave.
He has no idea what the media hate is all about
Well yeah, if you have the money to live there it's great. A friend of mine live there and he say's it's the more conservative influence of the military that keeps it just sane enough.
Well duh anywhere is great if you have the money. You can live in the rich part of Detroit and never really experience crime or violence. Cross over the 8 mile and life is a living hell. You can't be this naive.
There was a recent time that California was oil independent. It is now impossible to get the permitting to drill an oil well.
They're saving the planet! This state is so fk'ed up.
I'm totally a fan of Las Vegas for about 36 hours, then whisky, dry air and cancer sticks steal my voice and I'm ready to go home.
Fear and loathing?
LOL..Sounds like me...
@@kurtvanluven9351 No, I don't hate my life that badly. Just a vacation.
The Strip, fun though it may be, isn't Las Vegas. It's for the tourists.
Very interesting the comparison between Saudi Arabia and California.
My wife and I have decided to leave the state ASAP . The PG&E bill , and the crazy cost of food , or the way the state is so far up your ass it gets the first bite of your meal . We are so over taxed in this state , and we don’t get even close to a fair return on our money . I have a bad back and driving down the roads in California is painful due to all the terrible road conditions . Yeah they put a sign out saying bump ahead you better slam on the brakes because thats a freaking crater your about to hit .
Here's one important tidbit that that boys left out. Yes CA has the largest economy of all 50 states, but in the recent past they also enjoyed a multibillion dollar budget surplus. That's gone sharply the other way. They are currently in a multibillion dollar hole. That's not something to ignore.
Take away the billion dollar weed industry with super high taxes and then what? That doesnt include ridiculous property taxes. Just wiping out the middle class there.
The oil that the big tech companies is running on in California is all the hopes, dreams, and business models they have squashed with their monopolies. And that well is drying up.
Wake up California
The weather, that's the reason, the only reason.
oh yes, specially the Bay Area they got the best weather ever!
@leowashington8991 spot on, I left the bay area which will always have a special place in my heart. The weather makes you numb to the overall mismanaged state.
I've lived in CA my entire life. People in the media keep saying that people and companies are leaving. They say the government sucks and crime and homelessness is rampant (it is, in the city's). But, they're building like crazy out here and every home or commercial building built gets sold and occupied. Even homeless people come here from other states and countries. The metropolitan areas are too crowded already but they keep building new homes. WHY?
He leaves out shipping, an economy is production and distribution, all the products made in China are not produced or used in California but most arrive here in California and are taxed. American consumerism is a huge part of California's economy and California's growing taxes for wasteful spending effects inflation on those products.
His point about the weather is spot on. You take away the weather and they’d collapse.
The good weather there is slowly going away. It's getting hotter and more and more fires.
On a low-income job in New Zealand, you pay 17.5 percent tax. If you have 2 low-paying part-time jobs you pay about 35 percent tax. Is that fair?
Anchorage is close to 300,000 population...i would consider that a city. I think it's about 285k
I live in Alaska and I hear some peaple from the smaller towns call Anchorage a liberal cess pool
Agreed.
I really don’t understand that Joe Rogan doesn’t like democrat policies and ideologies but he still doesn’t want to Support the Republican Party!
He is a Schilll. He has so much money (and has for a long time) he doesn't have to support anybody
He's not an idealogue, he still champions social welfare for the poor, and isn't religious. The closest category he fits in is probably "Classical Liberal", which is why he likes RFK Jr.
"I don't understand" - partisan zombies
Because the GOP has been highjacked by big tech. They don't stand for anything anymore
Brain receptors are clogged from to much weed.
I live in Missouri, but I was in Sacramento on business a few weeks ago. Yes, the weather is glorious. I can see why some people decide to stay in California for the weather in spite of everything else.
Last time I was in Miami, I was visiting Little Havana and when I was heading back to the cruise ship, I heard POP, POP, pause, POP (gun shots). My wife and I looked at each other, the Uber driver turned up the radio like it was nothing and just started driving faster.
I’ve lived in Houston most of my life. Houston is not an oil town. It was decades ago perhaps. But it’s predominantly a science and medicine town these days.
Correct!
Yeah I'm not sure why he's harsh on Texas cities. His take seems strangely biased, and almost seems personal. Maybe he should show us on a doll where Texas hurt him. I'm in Dallas and I've watched it grow and change over the 30 years I've been here. I'm not sure how a large city like Dallas can have an inferiority complex to New York and LA. It's a business and industry town. It doesn't cater to just one type of business, but business in general. Austin has become the kid brother to silicon valley with tech companies setting up camp there as well as hosting Dell.
It is a total shithole though. Basically a city of disconnected strip malls.
@@hvp6218 yeah I think he mixed up Austin with Dallas.
@@willmichael4033 huh???
If it weren't for the unaffordability, San Diego is a pretty great big city to live in. It's not completely dysfunctional like LA and the Bay Area has become, crime is pretty low (44 homicides in 2023), it has a pretty diverse economy, massive tourism, and it is beautiful. It's the second biggest city in the state and people always forget about it. Not a big sports town, I'll give you that.
CA hasn't collapsed......yet!
Not only is it expensive to pick up an move but most people have familial obligations that dont allow it.
Exactly and it's hurting families. I grew up in Cali, and now that so many of us have left the state, myself included, we're all scattered throughout the country, which really sucks. We all look back and wonder if the move out was worth it.
@@DMAN-o2e In the long run, I think it will be.
@@mysticaltyger2009 My niece and her husband moved from Irvine to Huntsville, AL. on June 1st. Now, my sister in helping with the move, liked Huntsville so much, she decided to move their too from Norcal, and just put her home on the market. We're getting even more spread apart.
Rubin just simply plays clips from superior podcasts, no commentary.
You obviously know nothing about this channel. Rubin is off-the-grid on-vacation in August. He posts video clips and pre-recorded interviews while he's out.
The difference is that Saudi Arabian oil can't move away. California's tech industry can move away.
Yes, there is an enormous inertia that makes it sticky in California and hard to move enough of the tech parts together, but that just keeps the leakage rate slow for a limited time. It is exponential, so if enough leaves or there is enough comparable tech infrastructure elsewhere, it can disappear very quickly.
Just not yet. Give it time.
The question is whether California will see it coming and change first, or realize the problem after it is too late to close the barn door.
That Rogan guy... I think he could become popular 🤷🏿♂️🙃
😂😂👍✌️
You think?
@@theo21021 it's possible, I guess 🤷🏿♂️
Shockingly, California, Until Recently, Was Conservative, And Still IS In Country And Rural Areas.
The Term Vigilante, Got Started In San Francisco, During The Gold Rush Era.
It's like London in Britain with their banking. Most of these islands are poor.
It get's away with it, until it doesn't. And the time when it doesn't... is approaching.
As a Tennessee born and raised, I get both a sense of pride and a feeling of “shut up damn it” every time someone talks about how great Tennessee and Nashville are. Too many people moving here.
Texas born and raised and still here. I love TN as my dad is from KY and we've driven through TN many times on road trips. I bought a car northeast and when driving back fell in love with the country area of Cookeville. Beautiful landscape on those county roads with creeks and such. Can't blame folks for wanting to be there.
@@Texas_Cruiser Once you get about 30 miles east of Nashville where I live, the beautiful hills start as you head east toward the Smokey's.
I’d rather go into gay porn than move to Tennessee.
The country should introduce The Fair tax. Abolish the IRS. Everyone then pays through consumption.
Not gonna happen. We're four months away from becoming Venezuela 2.0
Sounds good. The problem is, we can't do anything good because we have so much corruption.
Uh...Anchorage, Fairbanks, Juneau...these are cities?
"Peter Andreas Thiel is an American entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook."
The first outside investor in Facebook after the CIA's venture capital arm, In-Q-Tel? Or was this still when it was under development at DoD under the name "Lifelog" 😂
CA makes more money on agriculture than tech.