>>> IN THE WEEK SINCE DONALD TRUMP WAS FOUND GUILTY OF 34 COUNTS IN A NEW YORK COURTROOM, SOME OF THE WEALTHIEST AMERICANS HAVE COME OUT TO ANNOUNCE THEIR SUPPORT FOR HIM. STEVE, I REALLY WANT TO TALK ABOUT THIS. JUST IN THE LAST WEEK DONALD TRUMP HAS THIS NEW CROP OF NOT EVEN YOUR AVERAGE WALL STREET BUSINESS GUYS. I MEAN THE TOP OF THE TOP WAS SUCCESSFUL. COMING OUT, THROWING ARTESE FOR HIM, SUPPORTING HIM. AND THEY ARE EVEN MAKING ARGUMENTS THAT ARE NOT TRUE. IN THE LAST 24 HOURS I HAVE HEARD SOME OF THESE GUYS SAY WELL, WHEN JOE BIDEN PASSED THAT LAST COVID RELIEF, WHICH KILLED US WHEN IT HIT TERMS OF INFLATION. BUT UNEMPLOYMENT HAD ALREADY COMPLETELY RECOVERED. THAT IS A LIE. AND AN UNINFORMED VOTER MIGHT NOT REALIZE THAT. BUT I AM TALKING ABOUT THE MOST INFORMED VOTERS, THE MOST SUCCESSFUL GUYS IN BUSINESS ARE PUSHING TRUMP LIES IN A FIELD THAT IS THEIR OWN EXPERTISE. WHY IS THIS? >> IT IS QUITE ORDINARY. THE MOST CYNICAL ANSWER, YOU SAY THEY ARE PROTECTING THEIR TAX CUTS. THE CORPORATE TAX CUTS ARE GOING TO BE ON THE TABLE IN 2025. IF YOU END UP SUPPORTING TRUMP YOU ARE MOST LIKELY TO KEEP THOSE CORPORATE TAX CUTS AND LOWER TAX BRACKETS, BECAUSE, BY THE WAY, I DON'T THINK TRUMP IS GOING TO ADDRESS THE DEFICIT AT ALL, EITHER. THE RECORD SHOWS THAT PERHAPS SOME OF THE FISCAL SPENDING HAD A PART IN THE INFLATION, BUT IT WAS MORE ABOUT SUPPLY SHOCKS. THE INABILITY TO GET STUFF INTO THE COUNTRY, THE REDUCTION IN THE ABILITY TO SPEND ON SERVICES. SO WE HAVE ALL THIS MONEY TO BUY PATIO FURNITURE AND BARBECUES AND STUFF LIKE THAT, ALL OF A SUDDEN THAT SHUT UP AND WE HAVE PARTNERS WITH SOME OF THE FOOD DISTRIBUTION. AND THAT HAS COME OFF IN A VERY BIG WAY. ON THE INFLATION RATE, BUT NOT ON THE INFLATION LEVEL. BY THE WAY, DON'T UNDERSTATE IT, BECAUSE BIDEN HAS PLENTY OF WEALTHY SUPPORTERS. BUT YOU'RE RIGHT TO POINT OUT HOW EXTRAORDINARY IT IS THE SUM OF THESE FOLKS, ESPECIALLY IN TECH LAND, ARE THE ONES OUT THERE SAYING I AM GOING TO VOTE FOR TRUMP OR SUPPORT TRUMP. AND, FOR EXAMPLE, THE DAVID SACHS IN TWEET ON THE ECONOMY IS JUST TO BE AMAZED THAT A GUY WITH THAT MUCH MONEY IS SO LIVE WITH. >> I GET THAT INFLATION IS DIFFICULT. THESE PEOPLE WHO ARE NOW SUPPORTING DONALD TRUMP HAVE HAD EXTRAORDINARY LAST YEARS. I MEAN, WHAT WAS ANNOUNCED? HE IS WORTH $8 BILLION? HE COULD HAVE EVERYTHING PRESIDENT BIDEN HAS DONE FOR ELECTRIC VEHICLES. A HUGE WIN FOR ELON MUSK. YET THEY ARE RAILING AGAINST THIS DISASTROUS ECONOMY WHEN IT HAS BEEN A PERFECT ONE FOR THEM. >> I THINK FIRST OFF, TAXES, LET'S START WITH THAT AND THEN GET A REALIZING THAT FOR THESE GUYS IN SILICON VALLEY, ESPECIALLY, SHAME FEELS LIKE A MARKET INEFFICIENCY. LIKE WAIT, HOLD ON. IF I DON'T HAVE TO CARE ABOUT THE JUDGMENTS OF PEOPLE WHO ARE PAYING ATTENTION TO THE NEWS, MAYBE I CAN DO THE THING THAT DONALD TRUMP OFFERS UNIQUELY, IN MY MEMORY, OF AMERICAN PRESIDENTS, WHICH IS THE ABILITY TO DICTATE ACTUAL POLICY . THE ABILITY TO GET FAVORS. I FEEL LIKE THIS IS THE OTHER PART OF THE TRUMP ADMINISTRATION THAT GOES UNDERRATED BECAUSE WE ARE TALKING ABOUT THE BED OF NAILS THAT IS EVERY SINGLE SCANDAL. HE IS FOR SALE. I MEAN, GO DOWN THE LIST OF DONORS AND WHAT YOU GET. IF YOU ARE A TECH BILLIONAIRE CEO PHILOSOPHER KING, THAT IS WHAT THESE GUYS WANT TO BE. THEY KNOW BETTER. THEY MAY THINK TRUMP IS AN IDIOT, AND I THINK THEY DO, BUT THEY ALSO THINK THEY CAN PUPPETEER HEMENWAY'S, AND THEY CAN HELP RUN THE COUNTRY. AND THAT IS SOMETHING THAT JOE BIDEN DOES NOT OFFER THEM. >> THE WHITE HOUSE IS FOR SALE. AND IN SOME WAY, IS THIS LIKE RE-CREATING PUTIN'S OLIGARCHS BUT HERE? >> I AM A STUDIO LIKE I CAN'T BELIEVE WE ARE HERE AGAIN! AND A CHANCE THAT HE MIGHT WIN. AND I HAVE READ THE CRIMINOLOGIST TALK ABOUT, THE REASON WHY JAIL DOES NOT WORK AS A DETERRENT, BECAUSE A LOT OF PEOPLE DO A STINT IN PRISON AND THEY COME OUT AND GO OH, WELL, I CAN DO THAT. SO NOW I AM GOING TO GO BACK TO THE STREET. THAT WASN'T THAT BAD. AND FOR A LOT OF PEOPLE THEY ARE LIKE WE SURVIVED TRUMP. IT WASN'T THAT BAD. COVID DOES NOT COUNT ON HIS RECORD, FOR SOME REASON. AND THEY ARE LIKE WE COULD DO THIS AGAIN. AND IT DOESN'T MAKE ANY SENSE. >> AND I GET A FOOTNOTE TO THE OLIGARCH STORY? A LOT OF THOSE GUYS ENDED UP EXILED AND DEAD, AND I DON'T KNOW THAT ALL THE PEOPLE WHO ARE SUPPORTING TRUMP UNDERSTAND THE FINAL END RESULT OF AUTOCRACY. >> YOU ARE ASKING FOR PEOPLE TO HAVE SOMETHING BEYOND SHORT- TERM. WE ARE TALKING ABOUT HUGELY SUCCESSFUL MASTERS OF THE UNIVERSE WHO BELIEVE THAT WILL NEVER HAPPEN TO ME. YOU KNOW THAT IS THE WAY THEY ALL THINK. >> I THINK THAT IS RIGHT. I THINK THEY ARE NOT THINKING IT THROUGH AND I THINK THEY ARE ALSO ARE MISSING GETTING BACK TO THE FIRST CONVERSATION WE HAD, THE ESSENTIAL CONNECTION BETWEEN DEMOCRACY AND FREE MARKETS. WHAT MAKES FREE MARKETS WORK IS THE RULE OF LAW, AND IF THE RULE OF WALL IS SOMETHING THAT IS ON THE WHIM OF THE PRESIDENT YOU HAVE A REAL PRESIDENT PROBLEM WITH YOUR FREE MARKETS. >> LET'S TALK ABOUT THESE LOUD, INFLUENTIAL VOICES WHO ARE SUDDENLY BACKING FORMER PRESIDENT TRUMP. WHY THEY WOULD BE DOING IT. I ACTUALLY UNDERSTAND, INFLATION HAS BEEN REALLY DIFFICULT. YOU WANT TO BUY A HOUSE, YOU WANT TO RENT AN APARTMENT, YOU WANT TO GET INSURANCE, THINGS ARE REALLY DIFFICULT. BUT SUDDENLY THIS GROUP OF PEOPLE BACKING THE FORMER PRESIDENT, IT DOES NOT EVEN MAKE SENSE FROM A POLICY PERSPECTIVE. WHY DO YOU THINK IT IS HAPPENING? >> WELL, WHEN YOU LOOK AT HOW MANY OF THEM ARE FIELD ADJACENT, THIS IS NOT MY WHEELHOUSE, BUT I DO SEE AND HAVE MET AND HAVE BEEN HIT ON BY VERY, VERY RICH AND POWERFUL MEN. AND ALL THOSE ZEROES DO NOT ADD INCHES, AND SOMEHOW, I THINK THEY DO. AND IF THAT STAYS IN THE SHOW I AM PROUD OF IT. >> I PROMISE YOU IT WILL. >> BECAUSE HONESTLY, I DON'T HAVE AN ANSWER. >> IS A FAMILY SHOW UNTIL NOW. >> BUT HONESTLY, WHAT IS THE THING YOU ARE MISSING? WHAT IS THE EMOTIONAL THING YOU'RE MISSING? >> YOU ARE TALKING ABOUT THE INTELLECT OF THESE INDIVIDUALS. AND SO MUCH OF IT IS ABOUT THE PERFORMANCE OF PERSONALITY THAT TRUMP OFFERS, THE EGO. AND IF YOU HAVE A MASSIVE EGO FOR THESE MASTERS OF THE UNIVERSE, WALL STREET, SILICON VALLEY, I COMPLETELY UNDERSTAND WHY YOU ROCK WITH TRUMP. THAT EGO SEEMS LIKE THAT IS MY KIND OF GUY, THAT'S THE GUY WANT TO BE WITH. >> I AM ALSO JUST NOT CONVINCED THAT THEY ACTUALLY LIKE HIM. >> THEY DON'T. THEY THINK HE IS A FOOL. >> I THINK THEY ARE UNBOTHERED BY THE PERFORMANCE THAT TRUMP DOES, WHICH IS A KEY VISCERAL DISTINCTION THAT I HAVE WITH THESE PEOPLE. BUT I ALSO THINK THAT WHAT THEY WANT IS POWER. TRUMP OFFERS THEM POWER. >> THESE GUYS RIGHT NOW BELIEVE THEY CAN PURCHASE A PHONE INTO THE OVAL OFFICE IF DONALD TRUMP WINS. AND IT WAS FUNNY, SOME
