Leo's Reverse Rental Car Policy, Wealth Defense = America's Top Industry 02.08.23 - podcast episode cover

Leo's Reverse Rental Car Policy, Wealth Defense = America's Top Industry 02.08.23

Feb 08, 20231 hr 4 minSeason 274Ep. 3
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Hello the Internet, and welcome to season two seventy four, Episode three of Dire Dailies Like Guys Day production of My Heart ratey to go? Well, what happened? Whoa? My throat just glitched out? This is a podcast where we take a deep dive into America's shared consciousness. It's Wednesday, February three. My name's Jack O'Brien a K. Show me thighs, Show me white plump thighs, Show me thigh, show me show me thighs. Oh no, you can't, hot plump little thighs.

Show me thigh Show me white plump thighs. That is courtesy of at least with hot takes in the Discord. I'm in the discord, baby, I'm lurking like I'm in there, amazing you. You will know me as uh Jack from the Daily Zeitgeist I think is my name or Jack O'Brien from the Daily Sigist. I might have wanted to make it a little more specific, but just larking. It's amazing to see this community that you guys have built

up around there. Stupid show. Really appreciate you guys. Anyways, I'm thrilled to be joined by today's special guest co host one of the EPs on this very network, the King of staying that bitch on Twitch it's DJ Daniel good Man. I'm gonna be here at to boy d J daniel A, Mr Steel your Ariel, you are literally Jack from the Daily Zeitgeist on Discord, all words capitalized. I appreciate that, very dad on the Internet energy and I wanted to daily I wanted to post Hey, it's

me from the Daily Zeitgeist. But yeah, I also feel weird about posting in there because it feels like, I don't know, I just want to just be like y'all do your thing, you know, I just want to be cool. Yeah, I just want to be cool. Dam Look, I'll say posting is inherently uncoyeah. And we've we've heard your takes on this, your anti poster. Uh well, Dan, We are thrilled to be joined in our third seat by one

of our very favorite guests here on the Daily Site. Guys, a hilarious and talented podcaster, comedian, writer or Dane Minister. Please welcome back to the show. Steve Hernando to be here too, wonderful Whites. I'm loving that and I'm loving the imagery. Of your thighs, Jackie, I'm whoever did that? Praise God? You know we're thinking of him. I'm thinking of you running for senate. Now, I'm thinking of you, asked one of the Kennedy's. Praise God. You always said, yeah,

you always said I give off Kennedy's energy. But I feel like the Kennedy's would really I would have been disowned from the family by now. You are the perfect You are the perfect future candidate. Now you know you've been doing this program for so long. You know what a what an abysmal idea it is to run for office? Fine, have you thought about it? It's something and you ever

thought about it? Jack have not. No. I I did go to a Ugo Soto Martinez as event and he he was talking about what it's like to be a candidate for public office and be an introvert. And that was the first time I was like, oh my god, that would be like that was that was the only time I'd ever like put it into my head, and I was like I would have to like go like shake hands with people, talk to them, and then go

take a nap in my car from just like the sheer. Yeah, just draining amount of energy that I would be putting into every single thing that they said, well, definitely, definitely would be a sacrifice for you. But it's either you or the rock. And that's I mean, this can't be our two main hopes. But Jack, I believe it is

you or the rock. All right, Well, I've got to start waking up an hour earlier because I was I wake up at three in the morning to get my work out started, but apparently he gets up at two in the morning. I love the psychology of that. They're just like, I can't be can't be anyone else awake when I start my workout. But I think I also missed something, and I guess there was a joke that was being referenced when he said get up here, best

friend to Adele. So I'm sorry that anyone had to hear my commentary on the Grammys, a show that I a vowedly did not watch and I don't think I ever will watch. But I think I also underrated a little bit because there was also great footage of speaking of introvert energy, Ben Affleck being in the front row behind j Low and just like not knowing what to do with his hands or body like his entire body was my hands. When I walk into a room, he was just like what what Like, she's like dancing to

the music and he has to stand. But he you can see him just being drained by the uncomfortable mess of the situation. And it's just been doing it for so long. You know, you would think that he would be used to this kind of thing by now, but I guess it's just still wildly uncomfortable to have cameras on you that entire time. You know, he must really, I I Garrett, I believe that he really does love j Lo and it just must be such a pain in the ask that his love comes with this, all

of this show, all of it. Hey, the heart wants what it wants, you know, boy, don't I know it? All Right, Steve, We're gonna get to know you a little bit better at a moment. First, we're gonna tell our listeners a few of the things we're talking about today, folks. I read a New Yorker article, so that means you're

gonna hear about that ship. It's about the wealth defense industry, which is like the people who go into private wealth management and are the reason that the top point one percent in the United States have gone from having I think seven percent in the seventies of the wealth to eighteen percent. So it's a big contributor too inequality in

the country. And it's one of the most infuriating things that I've ever read, just hearing these people talk about the world that they exist in, and it's just straight up like they're outraged that anyone would suggest taxing their their wealth. So we'll talk about that. We'll talk about Leonardo Dicabrio has another very young girlfriend, and people are doing fun things, gross things to put it into perspective on the internet. So we'll talk about that. State of

the Union is happening tonight. I don't we probably won't even talk about that, but I don't know. Here it's gonna be a rip roarer in good time. Yeah, is that happening? What that's Tuesday? Last second? Yeah, last night could happen last night. So I don't know. We're we're recording this before, so any major bombshells, I can guarantee you did not happen at the at the State of Union.

We'll talk about trip Advisor getting fooled by fake restaurants, so all of that plenty more, But first, big Hern, we do like to ask our guests, what is something from your search history? I was looking at I looked through them, and the only appropriate thing to talk about is that I was looking for Beyonce tickets. Yes, I can't do it. I'm out. I'm out for a concert, Chack. When was the last time you went to a concert? The last time I went to a concert was it

might have been the jay Z Beyonce show. Ye? How about you? Dan? How about you? I went and saw the Lovely Carly rage Jepson at the Greek Theater not too long ago. I think it's about a month and a half. Oh that's great. I love that. It was lovely, it was fun. I'm I'm completely prepared to cash out. I lost my ship during the Taylor Swift uproar. I'm a huge Taylor Swift fan, and uh I tried to get into the first I've seen her three times. The

shows are always amazing. I I got kicked out of the Capital one like pre sale thing, and then I just quickly looked at the things, and I looked at my wife, and I just went to StubHub and I bought Nosebleed seats for four dollars each. Yes, and uh, it's not saying I'm proud of your listeners may not know this, but I'm an older Latino man. I you know, I were a bartending Covina. I've got a face working class Filipino and Mexican men all the time and tell

them the same stories, wildly embarrassing. But I looked at my beautiful white wife in the face, and her and I have never been to a Taylor Swift concert together, and I told her this is the last time we're doing anything like this. Forget it. There's no more concerts after this, and I paid for that. I looked at Beyonce. It's the very exact same thing. You could tell everything. You're getting access to pre sales and all this kind of ship, and I am simply out there's nothing that

you can experience. I think at a Beyonce concert where it's going to cost you a thousand dollars twift hundred dollars, it's just not ever going to be worth it. That That's how I feel about it. And I love Beyonce, Yeah I do too. It really seems like the whole I mean, it is a industry that is controlled by monopoly, and I feel like that's sucking it up for everyone, right like that. That just feels like it's it's really made put a sear taste in people's mouth. Yeah, I

can't do it anymore. So I don't know what the future is for the concert industry, but it doesn't bum me out not to see the queen, you know, holding hands with my beloved, you know, looking into her eyes. Uh, singing songs from Lemonade, you know, cheating songs. Yeah, so cheating. Why are you so into this? She's just looking at me, crying, weeping slowly. I'll never forget when Lemony came out. I um, it was on HBO Max for like three hours. I

don't know if you guys remember this. And I had Chatterbox on my Sunday night show in Covina that I was gonna go to. I had an hour to take an appos like, let me just start this thing, and I was like so taken. Aback. I did cry, for sure, but just I just took in the whole thing. And I was so deeply moved just thinking about jay Z cheating on Beyonce. Yeah, yeah, he funked up. It really

fun up. I mean, the best thing to come out out of all that is that the to find out the reason why Solange pushed him in the elevator it was beating on him. Is like the coolest thing I've ever seen that we have on tape. To have beyonce sister beating up jay Z for cheating on her. How cool is this? It's great. I feel like that would have been a lot of people's responses to hearing that he cheated on Beyonce, like it didn't need to be her sister. Like I feel like if his homie had

found it was like what stupid? Yeah, so you are going if you will be absolutely not, absolutely not, You're not going. I will not. I will. I probably will like the day or two of if there's something. I hate what I'm about to tell you, but it's it's sad everything's gotten so expensive. Dude. I have money. Okay, I'm not rich or anything, but I'm a wildly successful neighborhood bartender. I get I get a few commercials a year, so that's like a windfall of money. I don't have

to worry about money. I'm very grateful for that like that, but uh, you know, going grows. I do the grocery shopping in the family. Every a sandwich. Now if you go somewhere, if you go somewhere to pick up a sandwich, is twenty dollars out the door. There's all I'm just I'm just feeling taking advantage of Okay, I'm starting to feel like this is too much now. Granted I'm getting older, So I wonder if everyone just feels this way, which is thought, if the thing is to just talk about

money like this, but I can't. Yeah, it's it's yeah, it's like they just raised the prices on everything and there's nothing to stop them from from doing that. And they call it inflation, but it's really just corporations realizing that they face no consequences if they just charge more money. All they face is more money, which is good like that that gives them their friends during their earnings calls.

Think they call them geniuses for doing that. Ship So it's you know, I know there's more complicated dynamics involved, but that seems to be the main one. As far as I can tell, Sandwich inflation. They're making us for a smaller sandwich, which is infury. And I'm telling you, we went to a place, and I don't want to call it out anyway. It was a fine sandwich, was even very tasty. But we spent fifty dollars the other day.

This is like just walking out with the things and you know, hey, well you know, well, how lucky were we to spend the fifty That's all I got to say. Okay, this is what happens when you're a wildly successful the ablehood bodgender guys. All right, I have help bill that bar for fifteen sixteen years. Now, what is something you think is overrated? H let's see suffering for your art. I absolutely think it's overrated. Let's if we're talking about money.

I tell everyone, get every comedian, no, get a job, get a job, and then do your do your art, uh for fun, and don't think about it, don't feel bad about it. But do not move to Los Angeles. Do not move to New York. And you better not move to Chicago and think you're gonna get to sign the deal that you're gonna sell the script. Granted that happens, okay, and it could happen to you too, But get a

fucking job and enjoy these large cities. By the twenty sandwiches, and don't put all this pressure on yourself that your art has to be the way you make a living. It will only bring you pain. Get get them, get a job, get a fucking job. Do your art for fun, and don't think that you have to make your living from your art and that you're a failure as an artist because you that because you have to have a job. Do not think that. Get it out of your fucking

head and you will live a much happier life. Get an a m c A List subscription. Okay, go to the movies with your friends twice a week and you'll feel much happier. I do think suffering for your art is overrated. I did go to New York recently, though, and uh I do I do want to move there. Yeah, everybody's moving in New York. It's very frustrating to me, like the comedy scene is dead here in Los Angeles.

We're in a rebuilding session. I don't know if you guys know this, but we need people to start open mix, we need people who start independent shows. It is very dead. And then of course New York back ends. But then I remember about this wonderful job I have as a neighborhood bartender, and I will never I will never give it up because I am as rich as I've ever thought i'd ever be just being a working class guy

to the people. Hell yeah, has anyone ever done like a deep dive like or just it would be good for like somebody to publish a book that is just the side jobs of famous art famous artists like Kafka was a I don't know, I don't know. I think

I don't think he was ever a professional writer. I think he was like a bureaucrat, like a professional bureaucrat, but just like a quick you know, Wikipedia length right up of various famous artists and what they actually did for a living while they were creating their art, I feel like would be very very inspiring. That's a that's a great idea. Christ artist. So he was. He was a famous carpenter, but on as his side gig, he was also like to go around and preach the people.

You know, I know he wasn't obviously he wasn't a good carpenter. We would have heard more exactly the table and he's saying this sick ship like incredible, right, just the most beautiful word. The carpenter you know, they would just call him the carpenter. That would be his thing, you know, right, He's just the shitty carpenter. What a hook? Yeah, but like what if that was like what he was ultimately passionate about. He's like, I really wish I could

just pay pay my way with carp injury. But everyone's like no, it's like your carpentry is like solid for sure, like it's really good and interesting, but you have this whole other thing that, you know, what are what do they make it? Back then? Anyways? It's just cables, right, there's no shelves. Were their shelves back then. I feel like chairs even were kind of a more recent thing, like that's what that's why we still think they're so fancy that we call like the head of something the chairman.

That's a chair, that's why. And he famously, yes, famously in the Bible he was always reclining, so he was they were sitting down to eat. So we don't even have chairs were a thing yet, and it's so it's strictly tables Jesus the tablemaker. But I do like that idea of finding other artists and what their jobs were. One good thing about this economic downturn. That's I try to tell all my friends is that when everything goes to ship we do have there is the possibility of

very very good art. And so that is what I try to tell them as they eat their own hands, right, but the art, But the art. Yeah, And I feel like America has a very like we don't because there's no real class consciousness. People are just that they blame themselves or they'll be like, you gotta like rise and grind. I'm not working hard enough if I need to, if I'm even thinking about eating my hands. So yeah, it's but go easy on yourself. It's it's tough out there.

What is something you think is under rated? Two things? Uh? One, I've recently bought it. I don't know if you've ever had this. It's very it's it's probably wildly popular. But have you had the halapinio tabasco sauce? They have it at Chipotle a lot. It's green tibec. Yeah, fire, it's incredible. I used to just like just get go to Chipotle for that. Then I realized I could steal the bottles. Then I realized I could just buy the bottles. And uh, I love this stuff. Along with saracha. It's like my

absolute favorite thing. So I buy like three bottles of the time, because like you, they only haven't met Ralph's a lot of times, but I buy three bottles of that. I really really love the saucea if you guys haven't had it, it's tangy, it's not hot at all, but I love it with my eggs. I love it in salads. It's really really good. So I love that and then also underrated. I haven't heard anyone talk about this, but Trader Joe's started selling these these like flavored soda waters

with apple vinegar. Have you had these things? No? No, Uh, they're they're like a dollar eighty at Trader Joe's. We're a soda string fan as well. We had to buy them because spin Drift went up. I don't know, have you seen the Spindrift nine for an eight pack? Yes, they've gone up that high. So we bought a soda for a company that is just the easiest thing to make yourself, which yes, um, we bought the soda Stream and then we tried this yesterday. So with the soda

Stream high powered, we we love that carbonation. We're going on triple. I want Topo Chico style, the carbonation with raspb yes, and then I'm telling you if you like the funk. It sounds crazy, but the Straighter Joe's gave us this idea, and you should definitely buy those Trader Jos as well. But apple cider vinegar in your soda water is phenomenal. I just love how funky it taste. I stopped drinking alcohol a long time ago, so it's so interesting. And you're not paying these mock tail style

prices that they're trying to fucking get us non drinkers. Yeah, the mock tail, the mocktail menu is has gotten out of control. Fifteen dollars for juices. Go after yourself, that's all I gotta say, Go after yourself. I just had a mocktail that like tasted like the worst beer, but it was like so it was more expensive than a

good but like it was. It was it reminded me of like the worst beers that I drank when I was drinking, but like I would choke them down because they had high alcohol content, and like like we have brought that back to you, and arrogant bastard was like that they at least ten per centers and you're like, yeah, just choking them down. Yeah, exactly, That's what I was drink exactly, always always that Whole Foods, checking the alcohol content of the of the beer for no reason, just

I like the taste. Have you had the Athletic Brewery brewery beer, Yeah, I don't think I have. No. It's all around town. But they also have a um. They deliver it to your home I think for just a buck or two extra. But it's Athletic Brewing and it's they make I p a s they may like blonds, and it's the most delicious non alcoholic beer you'll ever have. I love this stuff. I get two six packs delivered.

I think it's like twenty five dollars for the two six packs delivered, and I just keep them in there, you know, for friends, people who don't want to even if they're even if they drink alcohol still in their lives. Sometimes people don't want to deal with it on a weekday, I keep I take them to the chatterbox. But Athletic Brewing is also delicious. When I was when I was in New York, I was literally pounding six a night like a lunatic six six non alcoholic beers a night,

just stretching out the night. Yeah, give me a fucking break. But you so you're out and doing that. Oh yeah, yeah, I'm getting another. I'm getting another, n A anyone want anything like that? Like I'm still drinking beer. I'm paying that much money like a lunatic. But it is delicious and athletic brewing. Yeah, great art to great art. Yeah, it is the beautiful cans. M I love a spicy gin your beer. That's my that's my move, real spicy. Not all of us canna afford the calories like that. Okay,

all right, some of us are running from diabetes. Okay, running and diabetes as to cut off our foot. Yeah, no, it is sweet. All right, let's take a quick break. We'll come back. We'll talk about wealth defense. And we're back. And this is an article. This is in the New Yorker. I think it's called like the Getty Families trust issues.

We've we've talked about it already because I think Molly Lambert might have brought it up because it was how she discovered that there's like a getty Ssion child that is like a famous experimental artist and like not not that great, but shocker. Yeah. But anyways, the there's a whole chunk in this article that is about this industry.

I mean mainly the articles about this industry. That is these wealth managers who work for just massive, like generationally wealthy families, and they've the industry has grown and gotten better and had like very little pushback from Congress to the point that it's so like a point they make is that there are all these sayings that like American fortunes like go from shirt sleeves to shirt sleeves in

three generations. I don't know what the funk that means, but the Japanese version is the third generation ruins the house. So it's basically like by the third generation, the wealth has done its damage and like they're just so morally like bankrupt, like they can't hold onto the fortune anymore. And that was kind of a piece of accepted wisdom

about humanity for a long time. But ever since the seventies that has changed to a great degree, and that's where we're getting things like the Cokes, Like the Coke family, between three and twenty, their family fortune grew twenty five fold, from three point nine billion to a hundred billion. Uh the Mars family fortune, which I wasn't even aware there was like a rich Mars Candy family, but uh, that grew by a factor of thirty six to ninety four billions.

The Waltons I had just kind of taken for granted. Yeah, of course the Waltons are rich, but they have a family fortune of two dred and forty seven billion dollars. And like, the way that they're able to do this like this is this is when their family should be shipping away all their money and like losing it all. And the way that used to work is because they were taxed because they had like immense, immense wealth that would be hard to hide and so it would be taxed.

But that is not the case anymore because of you know, these industries, like they have like entire companies that work for a family, Like they talked about this one Getty family like industry family that manages more wealth than the entire hedge fund industry, Like the the whole every hedge fund in the world doesn't manages much wealth as this one Getty family trust. But like we don't. I guess I wasn't aware of the degree to which that this had just become a thing where a handful of families

kind of behind behind the scenes control everything. And it really is like there's a detail in here where Gavin Newsome's dad is like high school friends with that getty guy, and he like managed their wealth for a while and then like lo and behold, Gavin Newsom becomes you know

who he is. So it's like it's just this wild thing where like it is a secret network of very extremely wealthy people behind the scenes who are connected to one another, and they're just quietly protecting, you know, their failed sons and just holding on and growing these incredibly vast fortunes to the point that now the top point one percent owns eight percent instead of seven percent as

as recently as the seventies. So I don't know, is it Like I guess like I kind of knew this was happening, but just reading the article really gives you

some texture of like how how it works. I mean, you hate to have this out of stuff like driven home super clearly, but it also feels like we've just built so many fail safes for money, Like if you have enough money to invest in such a way and to put it in so many securities and stocks and blah blah blah, that you're kind of ensuring that the you know, the one wild cousin can't go out and just buy a seven Bentley's and you know, lose the

family wealth. I think that, you know, that has to have something to do with it where it's just like, no, we can just future proof this for enough time and have enough lawyers involved that cousin Gregory isn't going to blow it on a coke bench. Yeah, I don't know. It feels like we're in another and they do say, like that is what they have. They just have all these incredibly complex financial institutions or instruments that the money is tied up in and shellboards and you know, all

all these different financial products that are invented. You know, this is where when like people graduate from the top schools in America, this is what they go into, is like inventing these ways to protect really rich families money because it's also a great way to you know, build your own fortune essentially, and like this the percentage of that this is what like a lot of the most capable people I went to college went to went into and I never really understood what it was, but yeah,

it makes sense. It's just these families have more money than entire industries, you know, like one family has more money than the entire headge fund industry. So how much money is after this amount of money they have, they stopped being human as we know it. I think that, I mean truly, I always play around with this number. I've asked people, this is what I'm doing shows. It's so funny how like regular people are like, ah, that's too you know, that's not even like the regular people.

If you say, all right, you start getting tax after this amount of money. Regular people are even very generous about this. They'll say, like as much as twenty million dollars year million a year. They say, ten million isn't that much you I'm telling you. Regular people who work at the post office will be like, yeah, right, well, well, even with all of that said, our attitude, I think America's attitude, from from the richest to the poorest attitudes

about taxes is so terrible. But it's it's only because we don't see anything from those taxes generally, correct, right, what you mean, like because the government doesn't. Yeah, I mean, well, it's it's hard to say because you know, there was this run where the New Deal actually like created a bunch of roads and you know, a bunch of the things that we're still like that that built out our

society and that like American society still benefits from. But we like for our entire lifetimes, we've been living in this world where it's like they, yeah, the all the energy and like the smartest people have gone into building these people's wealth and like their own instead of trying

to figure out like smart ways to spend tax money. Essentially, yeah, I mean, it's so the problem is a multi leveled like that when we have the original New Deal, I mean, our money wasn't going straight to the military like our

budget is now. And so even when you get regular people have this dish taste for taxes because we don't I mean, we obviously need a new new Deal because we understand that homelessness is only going to get worse in this country, especially in the cities, that we all need uh medical care for all all of these things.

But nobody's been able to paint that picture. So rich people could say, I mean, I I have friends, are old friends, I should say that are Republicans now, and they'll say, like, what am I going to just give the government my money? What are they gonna do with it? And at this moment, I really can't, if I'm being honest with myself, I can't look them in the face and say like, oh, yeah, you're right, just give them your money and then it's just gonna go to the military,

I guess, and the and the cops. Like so, so, I mean, obviously, so you know, you take that, and you know that's obviously not a good thing. But it's you know, it's not like our politicians even have a taste for going after rich people and their taxes and all these loopholes and all the ship. I have people who would identify as Democrats and liberal friends that they say, I have to take advantage of these loopholes because they're

there and it's legal. Yeah. Yeah, yeah, I think it's very apt to point out that, like we don't know where the money is going because you know, just talking about the military really briefly, the the whole spy balloon whatever thing that we shot out of the sky. That was the first time in f twenty two Raptor has

hit an air to air target. That's a a hundred and twenty million dollar plane shooting a four hundred thousand dollar missile at a balloon and it's like, hey, guy, us our tax dollars at work to make that happen because we did it. Everybody we did it just like that exactly fu Yeah, but yeah, I mean so the overall like what in this article they argue that like like we're in another guilded age, right, And the argument that one scholar in the article makes is that a

crash has to happen. Basically that like this is the how the attitude of towards taxation works in the country is that, like people are skeptical of taxes until like the wealthy acquire all the money and people are having so much trouble that the society can't function that a

crash happens. And then you get the New Deal out of just a place of like desperation and everybody realizing like this ship doesn't work, and then slowly by slowly, I mean they granted, the wealthy don't want it to be slowly, right like during during the New Deal when when Roosevelt was like doing the New Deal, they try to overthrow him with a with the U. S. General.

They tried to do a fascist coup. But I don't know, it's it's just bleak to accept that they need to funk up so badly that they send a message to themselves that a bunch of people like are starving, like that we need to starve in order for them to

accept that what they're doing is fucked up. And like it does seem like we get a lot of this already, like we're voting for more socialist policies, and but but when when people vote towards the left, like the mainstream media just works so hard and is like so consistent about just hiding that appetite and being like, well, Americans are scared of the scared of the edges they were, they're more centrist than they've ever been before, and it's like no, man, Like the society is moving fiscally and

socially to the right like has been for our entire lifetimes.

People don't like that and are trying to push back, But it's just everything is controlled by this ivy league educated gentry class that treats any solution that doesn't involve venture capital backing as like unrealistic or childish, Like you have to like speak the language of like venture capital in order to be taken seriously by them, and it's just like, I don't know, it's it's frustrating, and you you mentioned the articles, does mention uh that it's but

these things, this is what happens. This has all been happening since the beginning of time, correct, I mean it's

we haven't been around that long. But it does seem like that there is always this upward pressure of money in capitalism, right, But I mean, yeah, it's that there's definitely been other ways to organize a civilization or society that seemed to make people much happier that you know, don't involve just people being alienated from their lives and you know, feeling dread every every morning and just having the horrible, horrible deaths of despair and like all these

things that we have kind of taken for granted and just been like, well, this has to be the best version.

It's like, no, it actually doesn't. Like there's there's all these indigenous civilizations that we just like haven't really bothered studying, but like when when you do look at them, they had awesome ways, like awesome ideas for distributing wealth, like changing who has different jobs on a like annual basis, like there's uh ceremonies where like the wealthy are forced to live like the least wealthy and the least wealthier enabled to live in the homes of the wealthy, or

you know, like it's just like anything that takes away the permanence of this, like that that seems to be the thing that ties into this article that other civilizations had been very skeptical of, and I think rightly so.

Is what we're seeing in this article is the idea that you permanently get to keep the money, like that you permanently if you have like a good stroke of luck, you get to keep the winnings from that good stroke of luck, because eventually you are going to re tell that story to yourself in such a way that it was actually because you were you know, you're making a billion times more money than everyone, because you're actually a

billion times smarter than everyone. Is like the story that they eventually tell themselves down through the generations, and it's it's all total bullshit. Well, I mean the Covina version of this, and this truly happens. Like get think of three guys right now, is that these guys their dad has have construction companies, and they're like staunch Republicans and talking about about democratic policies. I'm like, you, motherfucker's have

not done anything for your bullshit thing. Please tip me over. Will not bring up any of this, But I have the Democrats talked about I know, once Trump got into the office, they were pulled the estate tax. But has

there been any talk about reinstating the estate tax? Yeah, I mean there's a bunch of loopholes that haven't been addressed, like they they've basically they so they go to this like this industry is like meeting, like where where they all get together and like talk about what's happening in the industry, and everyone's just like this is the best time.

Everybody like hurry up, make all the money. They haven't like Congress hasn't adjusted a tax law in the direction of like taking more money from the extremely wealthy in thirty five years, and like so they there they also write about like there are some signals like based on you know that there have been some document leaks that have made people very angry and like shamed one politician and I think like Iceland or something into quitting. But it's it's all very meager in terms of like we

have this massive problem with inequality. It's like driving a lot of the extremism and all all the ship that we're seeing and like we we know what the problem is.

It's just this. This is like buried in some New York or article, you know, like there's this massive industry, and they also talk about there's a product that they have in this industry that is I think called like the eyes glazed over product or something something like that, where it's just like it's so boring and complicated that when we put our money into it, like the vast majority of the people like won't understand, right, so they just like we get to steal from future generations of

other people's kids with this product because there when we explain how it works, their eyes will glaze over. That is an issue that I'm unfortunately all too familiar with. There was a time back in the DJ days and someone be like, why once you come to my city and I'm like, oh, I don't choose what city we go to. It's like the agents who it's like, well,

how does that work? And then you start explaining how a show gets booked, and they just stopped caring three seconds and it's like, never mind, there's too much information here for me to care about this. All right, Well

that's how it works. I'm sorry. Yeah, but yeah, it's the golden age for these people who are extremely wealthy families like the Gettys and the Mars, and then a bunch of families we've probably never heard of, and the you know, financial professionals who who fund them and who or who like advised them, like, are all making their own fortunes and it's just it's fun. It's a it's can't. Can't be the way that things continue on if if we're going to have a functioning civilization, Like it's a

it's a real mess, perfectly upsetting. Yeah, it's perfect. Last May, Marvin Blum, a Texas lawyer and accountant, gave us M and R for fellow accountants who are figuring out how to profit from the influx of wealth that needed protecting. Blum told his colleagues conditions for leaving large sums have never been better, noting that Congress has not closed an estate planning loophole in over thirty years. So yeah, hell yeah. And the top one percent of taxpayers are responsible for

of the nation's unpaid taxes. There of course, not the ones who are going to be audited, or if they are audited, they have the you know, legal and financial firepower to like push back and you know tie it up in the courts. But they are under under funding the US government an annual shortfall of more than one and sixty billion dollars. So yeah, and then the other thing that's like really annoying slash troubling is that, like,

so I'll just read this one quote. Tom Handler, Chicago tax lawyer who specializes in ultra wealthy clients, told me that the political pressure, so this is like in response to all these leaked documents and everyone being kind of outraged as they see how much money these people are hoarding. He says, like the response among the ultra wealthy is that it has only generated more business for him and his peers. And then he says, most of the high

net worth client base, they're running for cover. So income tax planning has gone up, the state tax planning has gone up, asset protection has gone up, And he says that his clients feel vilified. Other than the very liberal, highly educated intellectual elite, they don't feel guilty at all

they're angry. So the very rich people who people are now like wait, you haven't been paying taxes and like generations and like we're all, you know, suffering and having to like look at our hand and see a big cartoon ham because we're we're hungry like that, like the what the fuck? And they get mad that we even have the temerity to like question them. So it's I don't know, it's a very infuriating article, but I thought

very enlightening. We will we will link off to it in the footnotes for the let's take a quick break and we'll come back and talk about Leonardo DiCaprio's girlfriend or some ship a joyous yeah, yeah, and we're back

and yeah. So Leonardo DiCaprio seems to be continuing with his I guess it's the reverse car rental company policy because he doesn't date women over the age of Like it's like once you hit, instead of being acceptable, you're now like need to start start looking for other other options. According to one source, because people talk to Lee and Art DiCaprio's friends and get sourcing on like what what's

with his policy? Leonardo says that's because that's when his girlfriend start looking to settle down, which is, hey, you know, but people are pointing out that his newest girlfriend is I think she's nineteen. She's nineteen year old model, which she wasn't even born when Titanic came out. She wasn't from born when Gangs of New York and people are doing a great job of illustrating the innate grossness of this pairing, in one instance using the Last of Us. Yeah,

that really hit home. Yeah, wow, you're supposed to be I'm talking about this relationship between this guy who lost his daughter and this girl that he like rescues, and it's just like, yeah, that's when Leo's dating. It's like, yeah, Pedro Pascal's forty seven and in Ramsey is nineteen. The girl in the Last of Us, which is pretty much on par with what we're working with, or even even closer in age than what we're working on working with

with Leo. David Harbor and his eighteen year old Stranger Things co star Millie Bobby Brown have the exact same age gap as Leo and Eden. Yeah, so, I don't know, wonderful. Yeah, he obviously doesn't think of women as people. Sure, I mean, but what are we supposed to do with that, like he you know, I mean who who? I guess I should say, who cares? Right, the six year countdown begins. That's what we got. We've got the six year counts

out until the chart resets. He lets her off into the off to pasture and then picks up another nineteen year old and then we start Oliver again. What do they talk about, like does he does he stay up on like what younger general Asians are interested in, or is he just like I don't know, man, they you know, they're talking about the tickety taka or something and I'm just over here. The one thing that we have talked about is that he what what is rumored to have.

Somebody who slept with him said that he likes to put on noise canceling headphones and vape weed while having sex, which that's that's precious. Yeah. No, I've heard from I've heard from a few people, Like first, I've heard from one per firsthand account. Yes, he likes to do it doggie style. You can't look at him. He's had something. And I've heard he watches even he watches porn while it's happening too. So the guy has been. He's obviously not a real person. He has been like famous since

he was a child on growing pains. His brain is broken. He probably does not possess the ability to form any real human connections with anything anyone outside the pussy Posse. It is, yeah, so the whatever in this particular instance, I don't want to say it's okay Matt who knows what's okay are and this ship, but it just seems so it's like so laugh out loud funny that he clocks him out at to that nobody. To me, it is kind of funny. You think Kevin Connolly is still

in the pussy Posse? Is he still hanging as? He still hanging around. He hasn't done anything forever, but he's probably holding on making those calls like hey, so what are we doing tonight on TikTok. Every now and then he'll pop up. He does have a podcast, well he was he oh yeah, podcast. I don't want to say it's with Johnny Drama, but I did see I have seen things with him talking to I believe his name is Doug ellis the creator of Entourage. So he is

like there is some stuff like that. I personally think Kevin Connolly is keeps getting cuter the older he gets. I'm sure he's doing fine, and he seems like a cool guy. I I have an inside scoop that at the kid cutty a birthday party last week that Casey Affleck, Toby McGuire, and Leonardo DiCaprio are hanging out. And if that doesn't sound like a frightening crew to anyone, what a frightening crew of guys is Casey Athle, Toby McGuire,

and Leonardo DiCaprio hanging out in a clubtic? The worst movie of was just what a frightening crew of guys? But you know, because because of how the world works, I'm sure you know, tons of tons of women were throwing themselves at them, so um, you know, I don't know. I don't know what to tell anyone about this. I'm sure those women don't. I hope these models are not feeling used. I hope these multi daughters of the multi

billionaires are not feeling used. But but until he starts dating a t G. I Friday's like hostness, then I have nothing to say about these rich people being together, right, Yeah, Yeah, that's that's funny. Yeah, the the model universe. Like I just saw a magazine spread We're got We're doing some spring cleaning in our house, and it had like a spread about Steve Jobs's daughter, a famous equestrian model that she hasn't dated Leonardo DiCaprio. Anyways, Now what I'm I'm

really interested in is trip Advisory. Well, I'm glad you brought that. Have you guys on this trip avisor I still funk with trip Advisor because I'm an old ass man and like, I don't know, it was like one of the original lapps. But off that ship we went. We did we did one European vacation and got lied to so many times, Like I don't trust a damn

fool trip Advisor ever. Again to the to the degree that you just started sounding like Mr T a little bit, but it's basically like I don't know, there is so the top rated restaurant in Montreal on trip avised Montreal, great city to visit, beautiful, you know, probably one of the you know, a hot city for trip Advisor, like one that they would be paying attention to. It's not like it's in like des Moines or something. Although des Moines, I'm told as lovely, but you know, it's like Montreal

is a big tourist destination. Trip Advisor's number one top rated restaurant on in Montreal had eighty five reviews, all five stars, and it was a complete fabrication. It did not exist. The trip avisor page was only taken down when the CBC asked trip Advisor for a comment on their article. I just this feels like a story that we see over and over again that doesn't really get

called out or like collated with other similar stories. But all of these user generated content sites from Facebook, trivivisor YouTube are too big for anyone to profitably like moderate them, Like in order for them to function well, you would need to hire like we, we would need to engage in another new deal like the hyper and tactic would need to be like so much moderation your platform platform make the Internet usable? Do you know how many people

that would require a lot? Do you? Do you all still use Yelp or anything for like restaurant reviews Sometimes like a pinch where I'm when I'm like at a restaurant and I'm like, what what's a what do people say about this? Not like what did the New York times say about this or you know what it like, what do people you know say if it hasn't been covered on like one of the food blogs, so you like check on yelp, And like I've had some wild

experiences with yelp. Like what we we had somebody who we need to like dig up our backyard to you know, get ready for something like just like turn it, like turn the soil because we're gonna do something to it. And the person, what are you living now, Jack? What's going on with this? This is when we lived in

a square foot bungalow in Santa Monica. But the person who we got was this like predatory person who when we left a bad review for him, like he was just like he didn't do the work, he left it half done. He his dog like gave air dog flees and like a dog like so we rubbed this up and he like went just went so wild on us and was like I'm gonna track you guys down like do all this ship. And like we realized that's how

he he was. He was just a yelp you know, a Yelp listing that he had like curated really well and then fought every negative you know, sting that he had done was basically just using that platform and its weaknesses. Well there you go. And I still use yelp, use yelp sometimes like that's what that's how broken this ship is. But I don't know, like the only solution is to make these things government run, taxpayer funded parts of our society.

That yeah, like I I truly believe that, Like I estimate we're probably about three hundred years from making something like that happened in the United States. But it makes sense, like if you created a new new deal and instead of building highways and bridges, you just like made the internet work, like that would be I think people would get a lot out of that. But it's it's just not even a question that these all of these things are private institutions that the billionaires who were the first

to get there like get to make all the decisions. Well, people talk about the Internet actually public utility, uh you know Twitter and face spoke and and true, I mean it is. I do really believe that people are figuring it out that how bad the internet is for you. It's obviously a new it's a new form of technology, and so for the past twenty years it's kind of run a muck. But I do feel that even everyday people understand how terrible, are starting to understand how terrible

it is for you. So there is a chance. I do believe that we can figure out some way to rein it in you. You are corrected the idea of making anything of public utility, it's still people still can't

wrap their brains around it. We should have a a seriously a an airline, a nationally a national airline where that we don't have to worry about any of that should too, And even despite all the horrible things that have happened in the holidays and everything like that, people still the idea of having a national I'm not saying the rewards right, but nationally funded airline. People still aren't behind that idea, even though it would make everyone infinitely better,

so much better? Do I agree with that more? Just take over US air that's like then then the name makes it already got the name American US American airways exactly. I mean high high, high powered rail lines, you know like in Japan. There should there could be you know that we be big business, like took down the one from here to San Francisco. But there should be stuff too, from Chicago to New York, Philly to New York. All of this stuff is just it's insane that it has

not even it's not even as conversation. Yeah, yeah, it'll it'll be a conversation last in the United States like that that will be the very last step or yeah. Or One of the sad things is that it's only when the world's eyes are going to be on our city that these changes might actually happen. We got the Olympics coming in and they're really trying to spruce up the metro line just so that we have some sort

of infrastructure around the city. And it's like, oh, you know what, now that everybody's gonna be looking, maybe we should do something serious about this, Like maybe let's do like a little bit of infrastructure help. But it's not like let's help the people of the city because it's the right thing to do. It's because, oh, the Olympics are going to be here, so we better look good for the rest of the world, which is you know, sad. Yeah,

that's the way. That's capitalism. Solution is like, well, putting Olympics there and then fund the hell out of a bunch of projects and then you can just kind of let them also really quickly. On trip Advisor, trip Advisor says that Cafe Gratitude is the eighth best restaurant in Los Angeles. Okay, that's all I gotta say about that. Cafe Gratitude is the eighth highest restaurant, highest rated restaurant in Los Angeles. And I don't know about y'all, but

that's not that's just that's just plain old brown. Yeah, that's right over toast. You just reminded me that I dated a person from Cafe Gratitude for a while and she had this terrible dog that she would not do anything with when we were fooling around in the bedroom, and they single handedly made me break up with this person. Yeah, the dog just barked and it being crazy, and then you know, I'm just like, I can't do that. I didn't. I forget whatever reason I said, But uh, I am.

I'm full of gratitude for that experience. I'm grateful. Yeah, the dog is no longer in the bedroom, yea. But for people who don't know, Catholic Gratitude is like is a vegan a vegan restaurant where a bowl of like undercooked beans is called like I am inspired. Yeah, every everything is, every menu item is some sort of thing, and every every time you buy something, they're like, here's a topic of conversation for your meal. Yeah, get out

of here. Yeah. True Advisor eventually commented this was a failure in human moderation practices, like they were run by a fucking borg. It was actually a failure in human moderation.

It was actually a prank by a comedian who wanted to like prove this point that he just put down his own phone number for the listing, use photos of his friends basement, and like when people would call to book at table, he would just tell people like, ah, we're just booked up for the next two months, and then when asked about the menu, he simply responded, we

do tap us pretty great, but yeah. In twenty seventeen, the top eight restaurant in London on trip Advisor was briefly The Shed at Dulwich, which was again someone's backyard, someone's backyard that they were just like doing a crack on, but no, nobody just really figured out how to monetize this like that that that's when they'll actually fix it is when like someone starts actually making money off of it and trip avisor starts getting sued. So we'll see,

we'll see. I don't know, be aware, be aware when you go on trip Advisor. The ones that I feel like you can trust on trip Advisors like things to do as long as it's not a thing to do that costs money, like parks and stuff. But even then, like it's overwhelmingly like these people who right feature magazine feature length reviews and stories affeeliate, it's more people a place for people to publish their writing, or or they write the place off because they're like I saw one

homeless person. This place is gross. Yeah, be going there again. I guess this is all part of teaching people media literacy too, because I know, and it's like you, you guys are the same thing as that. When I look at a thing, I'm like sifting through the thing, almost like when I'm reading news articles as well as you're looking for points, you know. I I see little red flags pop up when I hear someone saying something that, oh that's not a real factor, that's an opinion, you know.

But if people don't know how to sift through this stuff, then they just will continue to get taken advantage of and that goes for new stories, to trip Advisor, to to help to all of that stuff. Yeah. Absolutely, well Steve, such a pleasure having you as always. Where can people find you? Follow you all that good stuff. I have a show tonight on Wednesday at the Rainbow Room. It's a It's a banger with Morgan Jay and Jay an Ellis.

I'm also going to be at the Bay at the end of the month on February Santa Cruz and in Oakland on and then you could catch me next Wednesday, February fift that my wife's What's your sign Anniversary party at WAMO Records here in Echo Park. So that's that's all you can find. And you can find me at on Twitter at big Hearn and Instagram, Hernia at Hernia on Instagram. And is there a tweet or work of media that you've been enjoying? Yes, this is for This

is for all the heads. If you love stand up comedy, if you know l A common This is from Brendan Cooney at Cooney or die uh. He is a l A institution, very funny, very funny stand up comic. Just a white guy. He gets zero love. He he looks like Bill Burr, but he he always tweets about flappers. He loves flappers. Uh. But if you love stand up comedy, you'll know who he is. He has a great podcast

call Raccoon Tweeties Right. He specifically talks about the l a stand up comedy scene, and he's beloved by everyone who knows him. But this is his tweet. At Cooney or diet at Trader Joe's, they'll often compliment your items or tell you what to pair with them. One time, the cashier just said to me, you have dry skin. But he's great. You follow at at Cooney or Die Brandon. Cooney is hilarious. I love him dearly, so follow him. Yeah, amazing. Daniel.

Where can people find and is their work of media you've been enjoying? Oh? Always? You can find me all over the internet at DJ Underscore Daniel d A n L. I'm on a Twitch, Twitter, Instagram, TikTok sometimes, but you can find me on Twitch Wednesdays, Fridays and Sundays doing the thing. A couple of pieces of media I like. One is from hip hop producer Y two K and

just music producer General. I'm the Mr Beast of chilling, and then the other one I like is from Legendary uh legendary post stir and t d z a k A creator Christie, I'm a Gucci man. L L. Bean's full name was Ladies Love Cool Beans especially It's just fun. Gave that one a full last retweet. Follow them at wopple House. Yeah all right, you can find me on

Twitter at Jack underscore O'Brien. Uh. Tweet I've been enjoying was from Shigeharu tweeted is this at Jack O'Brien at daily zak is is this Apple ranking site on your radar? And it's just Apple Rankings dot com and it is now. I spent half of the morning looking through this, like Pitchfork of Apples. What a site. It just reminds me of like what what the Internet used to be, you know, it's like this. This is a fun, a fun thing,

fun website. And it's also you know, I'm excited because the best apple is something called the Sweet Tango, which I don't think I've ever had. It only comes out in like September and October. It sounds like it was named by Lieutenant Colonel Frank Slade from Cent of a woman like they have Honey Crisp second, and then my, uh, the the apple that I I've recently become a fan of the sugar Bee apples. They've got way down the list.

They're like, it's a it's a B list, B tier apple, which I don't necessarily agree with, but it's it's a fun website. Thank you so much for put pointing it out, calling it to my attention, and yeah, I'll look off to that footnotes. You can find me on Twitter at Jack Underscore O'Brien. You can find us on Twitter at

daily Zeitgeist. We're at the Daily Zeitcheist on Instagram. We have a Facebook fan page and a website, daily zeitgeist dot com, where we post our episodes and our footnotes really off to the information that we talked about in this episode, as well as a song that we think you might enjoy. Super producer DJ Daniel where what what's the song you think people might enjoy today? We're gonna recommend a a Grammy winning artist who I think when maybe their first Grammy at the at the most recent

totally controversial list Grammys. It's yeah, exactly, no Robert class for Robert class for fronts of band called R Plus Our Equals Now and the song is Awake to You and um I got to see him play at the Hollywood Bowl opening up for Herbie Hancock and this it was a fucking jam. So go listen to Awake to You by Our Plus Our Equals Now, fronted by Robert Clasper Well. The Daily Zi Gay is a production by

Heart Radio. For more podcast My Heart Radio, visit the Heart Radio app, Apple Podcast, or wherever you listen to your favorite shows. That's gonna do it for us this morning. But we're back this afternoon to tell you what's trending and we'll talk to y'all bite by

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