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"We had this philosophy when we started Circle that over the long run—the marginal cost of storing and moving value would go to zero, and that the business model of charging fees for payments would collapse." — Circle CEO Jeremy Allaire - jerallaire.arc "You don't get charged for your... show more

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"We saw the birth of these new platforms....we actually literally today just launched Circle Agent Stack," says @Circle CEO Jeremy Allaire. "It’s for humans that want to go there and developers who are building AI agents, but it’s also for agents."

"We saw the birth of these new platforms....we actually literally today just launched Circle Agent Stack," says @Circle CEO Jeremy Allaire. "It’s for humans that want to go there and developers who are building AI agents, but it’s also for agents."

Squawk Box

60,611 Aufrufe • vor 4 Monaten

Circle was founded on a simple idea: money should move more like information on the internet. As Jeremy Allaire - jerallaire.arc puts it, the goal was to build “a protocol for dollars on the internet,” one that allows value to move over open networks at the speed of the internet. For banks, that vision is becoming a strategic question: → Stablecoins are becoming infrastructure → AI is accelerating the shift → Payments, FX, and settlement are moving toward always-on systems

Circle was founded on a simple idea: money should move more like information on the internet. As Jeremy Allaire - jerallaire.arc puts it, the goal was to build “a protocol for dollars on the internet,” one that allows value to move over open networks at the speed of the internet. For banks, that vision is becoming a strategic question: → Stablecoins are becoming infrastructure → AI is accelerating the shift → Payments, FX, and settlement are moving toward always-on systems

Circle

40,847 Aufrufe • vor 5 Monaten

Aaron Levie says agent-driven micropayments could create an entirely new business model for the internet: "We might have truly a completely different business model for the internet." "Now actually it's probably is a good business model. Because let's say you had paywalled, really proprietary data... You could actually imagine like there's maybe like a hundred million agents that would be tapping into that data for various use cases." "All of a sudden, a penny a transaction starts to make a lot more sense than it did when you were capped at... people that maybe was interested in your content previously." "We probably have new business models for tools and APIs... We probably want an agent to be able to have a budget and make any API call it wants, and all of a sudden you have this new revenue stream, which is like these agents showing up, just transacting on your system." Aaron Levie at Daytona Compute Conference

Aaron Levie says agent-driven micropayments could create an entirely new business model for the internet: "We might have truly a completely different business model for the internet." "Now actually it's probably is a good business model. Because let's say you had paywalled, really proprietary data... You could actually imagine like there's maybe like a hundred million agents that would be tapping into that data for various use cases." "All of a sudden, a penny a transaction starts to make a lot more sense than it did when you were capped at... people that maybe was interested in your content previously." "We probably have new business models for tools and APIs... We probably want an agent to be able to have a budget and make any API call it wants, and all of a sudden you have this new revenue stream, which is like these agents showing up, just transacting on your system." Aaron Levie at Daytona Compute Conference

a16z

91,257 Aufrufe • vor 5 Monaten

Generalist CEO Pete Florence says robotics models are in a transition period similar to the step change between GPT-2 and GPT-3. They're "starting to cross over into levels of performance where these things are commercially viable for a number of different applications." "We think this is a crossover point where we have a general model starting to be able to hit levels of reliability, speed, and improvisational intelligence where we can start to get these things out there." "Very much like — you take a GPT-2-level model, you scale it to a GPT-3-level model, and certain types of commercial applications start to become viable."

Generalist CEO Pete Florence says robotics models are in a transition period similar to the step change between GPT-2 and GPT-3. They're "starting to cross over into levels of performance where these things are commercially viable for a number of different applications." "We think this is a crossover point where we have a general model starting to be able to hit levels of reliability, speed, and improvisational intelligence where we can start to get these things out there." "Very much like — you take a GPT-2-level model, you scale it to a GPT-3-level model, and certain types of commercial applications start to become viable."

TBPN

24,491 Aufrufe • vor 3 Monaten

WOW 🚨 2 of the NGO organizers of the No Kings Protests paid themselves $6 MILLION DOLLARS last year Leah Greenberg and Ezra Levin are the co-directors of Indivisible. Indivisible is one of the organizers of “No Kings rallies” It’s funded by George Soros Payroll protest data: “Wait until you see how much Leah and Ezra paid themselves this year from their own organization that organized this event. Indivisible is a PAC, which means that all of their transactions and payments are public. We have the receipts right here. They did $6 million last year. We can see the tens of thousands of dollars they spent on merch. We can see the hundreds of thousands of dollars they paid to the ad agency to run all the ads to organize this. We can even see what they paid Stripe for the processing fees. We even have the payments to the media outlets that showed up at the events and covered it. And then we have the payroll. Look at this staff time reimbursement. We have three payments: one for $1 million and two for $750,000. Clean round numbers. These are not merchant payments. These are paychecks.”

WOW 🚨 2 of the NGO organizers of the No Kings Protests paid themselves $6 MILLION DOLLARS last year Leah Greenberg and Ezra Levin are the co-directors of Indivisible. Indivisible is one of the organizers of “No Kings rallies” It’s funded by George Soros Payroll protest data: “Wait until you see how much Leah and Ezra paid themselves this year from their own organization that organized this event. Indivisible is a PAC, which means that all of their transactions and payments are public. We have the receipts right here. They did $6 million last year. We can see the tens of thousands of dollars they spent on merch. We can see the hundreds of thousands of dollars they paid to the ad agency to run all the ads to organize this. We can even see what they paid Stripe for the processing fees. We even have the payments to the media outlets that showed up at the events and covered it. And then we have the payroll. Look at this staff time reimbursement. We have three payments: one for $1 million and two for $750,000. Clean round numbers. These are not merchant payments. These are paychecks.”

Wall Street Apes

67,543 Aufrufe • vor 6 Monaten

Apple's Eddy Cue reveals the logic behind charging $0.99 a song when the company launched iTunes Store in 2003, despite the fact that Apple would lose money at that price: "There were two keys to $0.99 that we really believed in, and people didn't see." "Number one is when the price is $0.99, and it's consistent, you never have to think about price." "The second thing was that people could never do that, because at $0.99, if you're charging a credit card, you would lose money. Because credit cards have a fixed fee and a percentage that you pay." "Well, the fixed fee and the percentage you pay on a $0.99 song was like a quarter, and the vast majority of the [rest of] the money went to the labels. So every time we'd sell a song, we'd lose money. Nobody wanted to do that." "What we decided to do is, as we were building this — and it was a huge discussion, because we would lose a ton of money — we said, 'Look, this thing is amazing. You're not going to buy just one song, you're going to buy a lot of songs.'" "'And when you do that, instead of closing the transaction on every single one, why don't we just combine them over a period of time? Let's keep the transaction open for a period of time — let's call it 24 hours, or 8 hours. And everything you buy, we're just going to give you, then we're going to charge you at the end.'" "And that's exactly what happened. Very few transactions were just $0.99. Most of the transactions were multiple dollars. And the fixed fee didn't matter."

Apple's Eddy Cue reveals the logic behind charging $0.99 a song when the company launched iTunes Store in 2003, despite the fact that Apple would lose money at that price: "There were two keys to $0.99 that we really believed in, and people didn't see." "Number one is when the price is $0.99, and it's consistent, you never have to think about price." "The second thing was that people could never do that, because at $0.99, if you're charging a credit card, you would lose money. Because credit cards have a fixed fee and a percentage that you pay." "Well, the fixed fee and the percentage you pay on a $0.99 song was like a quarter, and the vast majority of the [rest of] the money went to the labels. So every time we'd sell a song, we'd lose money. Nobody wanted to do that." "What we decided to do is, as we were building this — and it was a huge discussion, because we would lose a ton of money — we said, 'Look, this thing is amazing. You're not going to buy just one song, you're going to buy a lot of songs.'" "'And when you do that, instead of closing the transaction on every single one, why don't we just combine them over a period of time? Let's keep the transaction open for a period of time — let's call it 24 hours, or 8 hours. And everything you buy, we're just going to give you, then we're going to charge you at the end.'" "And that's exactly what happened. Very few transactions were just $0.99. Most of the transactions were multiple dollars. And the fixed fee didn't matter."

TBPN

2,404,178 Aufrufe • vor 6 Monaten

"Households and firms want to hold these safe, full reserve digital dollar instruments (stablecoins) that have the utility of the internet." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "It's like when people woke up and said, hey, I can use WhatsApp and I can communicate with others, I don't have to pay my carrier these SMS fees." "People want a unit of account and the power of the internet as a medium of exchange. Relative to almost every other fiat currency, the US dollar still remains super preferred." "The programmability piece is the exciting next step. (Think about) intermediating financial, labor, and AI agent arrangements. It's going to be an entrepreneur and developer-driven phenomenon."

"Households and firms want to hold these safe, full reserve digital dollar instruments (stablecoins) that have the utility of the internet." - Jeremy Allaire - jerallaire.arc, co-founder of Circle "It's like when people woke up and said, hey, I can use WhatsApp and I can communicate with others, I don't have to pay my carrier these SMS fees." "People want a unit of account and the power of the internet as a medium of exchange. Relative to almost every other fiat currency, the US dollar still remains super preferred." "The programmability piece is the exciting next step. (Think about) intermediating financial, labor, and AI agent arrangements. It's going to be an entrepreneur and developer-driven phenomenon."

TBPN

28,527 Aufrufe • vor 1 Jahr

Miden co-founder azeem argues the answer to rogue AI transactions may be simple: don’t ask the agent to behave, make the forbidden transaction impossible. "We ended up creating a solution to our own problem, which we call Guardian. You can think of it like a two-of-three multisig, where you have a hot wallet, a cold wallet key that's stored, and then you can have a third guardian that would be a signer." "As we started building out, we started seeing, wait, you can actually put an AI in here and give the AI parameters it needs to follow." "The human would be able to enable guardrails into Miden Guardian, and then have it do the things it wants while being comfortable knowing you can't somehow convince the agent to send $300,000 to someone." "But if you could encode that it literally can't, that's fascinating." Miden

Miden co-founder azeem argues the answer to rogue AI transactions may be simple: don’t ask the agent to behave, make the forbidden transaction impossible. "We ended up creating a solution to our own problem, which we call Guardian. You can think of it like a two-of-three multisig, where you have a hot wallet, a cold wallet key that's stored, and then you can have a third guardian that would be a signer." "As we started building out, we started seeing, wait, you can actually put an AI in here and give the AI parameters it needs to follow." "The human would be able to enable guardrails into Miden Guardian, and then have it do the things it wants while being comfortable knowing you can't somehow convince the agent to send $300,000 to someone." "But if you could encode that it literally can't, that's fascinating." Miden

MTS

11,867 Aufrufe • vor 16 Tagen

Thiel Fellow and cofounder of The Antifraud Company Alex Shieh says he's building the Palantir of fraud detection: "People have always been able to find fraud manually. But usually they either luck into it or they have a tip from an insider. "We're trying to eliminate that bottleneck. We want to find the fraud using AI." "We're tapping into all these sources of data. And once we have a good idea of what's going on, we send out human investigators to go talk to sources." "But we want to be going outbound. We don't want to have to wait for people to come to us. Because that's just less efficient. When there's $600 billion in fraud, you're not going to get tips for most of it. And if you want to solve it, this is the way you have to go."

Thiel Fellow and cofounder of The Antifraud Company Alex Shieh says he's building the Palantir of fraud detection: "People have always been able to find fraud manually. But usually they either luck into it or they have a tip from an insider. "We're trying to eliminate that bottleneck. We want to find the fraud using AI." "We're tapping into all these sources of data. And once we have a good idea of what's going on, we send out human investigators to go talk to sources." "But we want to be going outbound. We don't want to have to wait for people to come to us. Because that's just less efficient. When there's $600 billion in fraud, you're not going to get tips for most of it. And if you want to solve it, this is the way you have to go."

TBPN

21,673 Aufrufe • vor 5 Monaten

$When the value of your payment approaches zero, traditional overhead does not. With credit cards, you have fixed fees. With onchain payments, you have gas. When your payment is worth less than the fee to send it, the economics don't add up. You would be spending dollars to collect fractions of a penny. That is what Nanopayments, powered by Circle Gateway and x402 addresses. It enables gas-free, high-frequency programmable payments down to $0.000001 This is particularly important for use cases where transactions happen at high frequency and in very small amounts, such as: Agentic Payments: AI agents transacting autonomously at high frequency. Usage-Based Billing: Charging exactly per API call, per second of compute, or per dataset access. Machine-to-Machine: Services or devices paying each other directly for resources in real-time. Here is how the end-to-end nanopayment lifecycle looks like: 1️⃣ Deposit: The buyer funds their Gateway balance via a one-time onchain transaction. 2️⃣ Request and Negotiate: The buyer requests a resource; the seller responds with 402 Payment Required via the x402 protocol. 3️⃣ Sign Authorization: The buyer signs an EIP-3009 message authorizing the transfer. This signature is created offchain and costs zero gas. 4️⃣ Settle and Serve: Gateway verifies the signature and credits the seller’s pending balance. The resource is served immediately. 5️⃣ Batch Settlement: Gateway periodically collects authorizations and settles them in a single onchain transaction. That is how Gateway and x402 make nanopayments viable. To follow along, check out the Quickstarts in the Circle documentation and share your build with us! Circle Developer$

When the value of your payment approaches zero, traditional overhead does not. With credit cards, you have fixed fees. With onchain payments, you have gas. When your payment is worth less than the fee to send it, the economics don't add up. You would be spending dollars to collect fractions of a penny. That is what Nanopayments, powered by Circle Gateway and x402 addresses. It enables gas-free, high-frequency programmable payments down to $0.000001 This is particularly important for use cases where transactions happen at high frequency and in very small amounts, such as: Agentic Payments: AI agents transacting autonomously at high frequency. Usage-Based Billing: Charging exactly per API call, per second of compute, or per dataset access. Machine-to-Machine: Services or devices paying each other directly for resources in real-time. Here is how the end-to-end nanopayment lifecycle looks like: 1️⃣ Deposit: The buyer funds their Gateway balance via a one-time onchain transaction. 2️⃣ Request and Negotiate: The buyer requests a resource; the seller responds with 402 Payment Required via the x402 protocol. 3️⃣ Sign Authorization: The buyer signs an EIP-3009 message authorizing the transfer. This signature is created offchain and costs zero gas. 4️⃣ Settle and Serve: Gateway verifies the signature and credits the seller’s pending balance. The resource is served immediately. 5️⃣ Batch Settlement: Gateway periodically collects authorizations and settles them in a single onchain transaction. That is how Gateway and x402 make nanopayments viable. To follow along, check out the Quickstarts in the Circle documentation and share your build with us! Circle Developer

Elton Tay

10,358 Aufrufe • vor 6 Monaten

Greg Brown on Hagens improvements and where he can play with the Bruins: "It's good to be able to play every position, because one, you just have the diversity of it. Two, when you go to your pro team, which would likely be the Bruins at some point, if they have centers, are you going to tell them you don't play wing? No, you're going to say, 'yeah, I can play wing.' "For him, he actually played both wings. So to have that experience and be successful that just gives him more dimensions. You want to be able to say 'yes' to any question they ask of where you can play, and he did that very well."

Greg Brown on Hagens improvements and where he can play with the Bruins: "It's good to be able to play every position, because one, you just have the diversity of it. Two, when you go to your pro team, which would likely be the Bruins at some point, if they have centers, are you going to tell them you don't play wing? No, you're going to say, 'yeah, I can play wing.' "For him, he actually played both wings. So to have that experience and be successful that just gives him more dimensions. You want to be able to say 'yes' to any question they ask of where you can play, and he did that very well."

Bridgette Proulx

37,603 Aufrufe • vor 6 Monaten

Elon Musk: Starship is next-level. It's the first rocket that can take us to Mars. “Starship is the most complex and advanced rocket that's ever been made by, I don't know, an order of magnitude or something like that. It's a lot. It's really next-level. The fundamental optimization of Starship is minimizing cost per ton to orbit and ultimately cost per ton to the surface of Mars. This may seem like a mercantile objective, but it is actually the thing that needs to be optimized. There is a certain cost per ton to the surface of Mars where we can afford to establish a self-sustaining city, and then above that we cannot afford to do it. Right now, you couldn't fly to Mars for a trillion dollars. No amount of money could get you a ticket to Mars. So, we need to get that to something that is actually possible at all.” From: Interview with Lex Fridman, December 28, 2021

Elon Musk: Starship is next-level. It's the first rocket that can take us to Mars. “Starship is the most complex and advanced rocket that's ever been made by, I don't know, an order of magnitude or something like that. It's a lot. It's really next-level. The fundamental optimization of Starship is minimizing cost per ton to orbit and ultimately cost per ton to the surface of Mars. This may seem like a mercantile objective, but it is actually the thing that needs to be optimized. There is a certain cost per ton to the surface of Mars where we can afford to establish a self-sustaining city, and then above that we cannot afford to do it. Right now, you couldn't fly to Mars for a trillion dollars. No amount of money could get you a ticket to Mars. So, we need to get that to something that is actually possible at all.” From: Interview with Lex Fridman, December 28, 2021

ELON CLIPS

1,190,697 Aufrufe • vor 1 Jahr

.John Coogan says the recent reporting on Meta's 'tokenmaxxing' is less of a sign of bad incentives at the company, and more of a tell about its potential strategy for more vertical integration: "I think it makes clearer the strategy with MSL. Because it's clear that they're spending hundreds of millions of dollars on this, just for internal code-gen tooling — like, running their business." "They are going to spend an inordinate amount of money on frontier inference, and so [by] training a model there, they will be able to amortize the training cost of the next model they build not just over, 'Can they get a product out that goes viral and becomes its own standalone chat app that people pay for.'" "Just on the internal usage, they could be running a multi-billion-dollar token bill that they would have to pay another lab. And so if they develop that internally, it's pure vertical integration." "And then you also have everything that's happening on the actual ad targeting and content delivery side..." "The big question has been like, 'Is Meta going to be able to launch an entirely new AI product like Vibes or something like that?'" "And this is a data point that, to me, says they don't need to. Because just from a pure vertical integration [perspective], the investment in MSL can pencil out."

.John Coogan says the recent reporting on Meta's 'tokenmaxxing' is less of a sign of bad incentives at the company, and more of a tell about its potential strategy for more vertical integration: "I think it makes clearer the strategy with MSL. Because it's clear that they're spending hundreds of millions of dollars on this, just for internal code-gen tooling — like, running their business." "They are going to spend an inordinate amount of money on frontier inference, and so [by] training a model there, they will be able to amortize the training cost of the next model they build not just over, 'Can they get a product out that goes viral and becomes its own standalone chat app that people pay for.'" "Just on the internal usage, they could be running a multi-billion-dollar token bill that they would have to pay another lab. And so if they develop that internally, it's pure vertical integration." "And then you also have everything that's happening on the actual ad targeting and content delivery side..." "The big question has been like, 'Is Meta going to be able to launch an entirely new AI product like Vibes or something like that?'" "And this is a data point that, to me, says they don't need to. Because just from a pure vertical integration [perspective], the investment in MSL can pencil out."

TBPN

32,654 Aufrufe • vor 5 Monaten

"We are very proud of the progress we have made and we are at a point where we begin to translate these reforms into results...where we started about 3yrs ago,there was a lot of economic distortion especially from fuel subsidy, FX subsidy etc, to be able to deal with that, you would necessarily have to deal with volatility" - Minister Of Finance, Taiwo Oyedele

"We are very proud of the progress we have made and we are at a point where we begin to translate these reforms into results...where we started about 3yrs ago,there was a lot of economic distortion especially from fuel subsidy, FX subsidy etc, to be able to deal with that, you would necessarily have to deal with volatility" - Minister Of Finance, Taiwo Oyedele

Daddy D.O🇳🇬

15,783 Aufrufe • vor 4 Monaten

Hester Peirce says people should be able to live without being watched, until there's real suspicion "This is a balance that we as a society have to come to. And I don't think that we've gotten it right in the traditional world necessarily either." "We've been asking financial institutions to do an awful lot of watching what their customers do, and sort of we're deputizing them to do the government's work." "It's a good moment for us to do a reset and think about how we can get that balance right, how we can respect the constitutional rights of citizens but also give law enforcement the mechanisms they need when they do need to get access to information, to get that using the proper channels." "We really have to be willing to have a conversation that recognizes everything at stake." "As an American, I'm very committed to the idea that people should generally be allowed to go about their lives without having other people watch what they're doing." "When there's a suspicion of illegal activity, that's when you have to figure out a way for government to see whether there's a there there."

Hester Peirce says people should be able to live without being watched, until there's real suspicion "This is a balance that we as a society have to come to. And I don't think that we've gotten it right in the traditional world necessarily either." "We've been asking financial institutions to do an awful lot of watching what their customers do, and sort of we're deputizing them to do the government's work." "It's a good moment for us to do a reset and think about how we can get that balance right, how we can respect the constitutional rights of citizens but also give law enforcement the mechanisms they need when they do need to get access to information, to get that using the proper channels." "We really have to be willing to have a conversation that recognizes everything at stake." "As an American, I'm very committed to the idea that people should generally be allowed to go about their lives without having other people watch what they're doing." "When there's a suspicion of illegal activity, that's when you have to figure out a way for government to see whether there's a there there."

The Wolf Of All Streets

24,814 Aufrufe • vor 1 Tag

Martin Masser from ChangeNOW says we overlook how many people get paid in USDT and Bitcoin because their currency won't hold "We have a lot of payments areas. We have a lot of travel companies, luxury goods items. People may want to accept crypto. If you have a website, maybe you want to be accepting payments in crypto." "We're very lucky where we are in the Western world, where we can use our Apple Pay. But there's many areas of the world where the currency is going up and down. What you get paid today is very different to what it's worth next week." "A lot of them do take stablecoins, and the amount of people I know that get USDT and Bitcoin as their main payments. This is something we really overlook. You go to many areas of the world, this is what a lot of them are doing." "How are they able to spend that? So there is now payments. Websites or companies can use that as an integration, so they can accept crypto payments, and then we look after all the ends of whatever they need, if they need it looked after or cashed out." "I think we really do overlook how many people actually utilise and hold crypto on a day-to-day basis. This isn't just price speculation." "This is really, look, I know I'm not going to be able to have the same amount of money in my pocket if I get paid in a local currency. And even sending it to partners and loved ones, this happens a lot."

Martin Masser from ChangeNOW says we overlook how many people get paid in USDT and Bitcoin because their currency won't hold "We have a lot of payments areas. We have a lot of travel companies, luxury goods items. People may want to accept crypto. If you have a website, maybe you want to be accepting payments in crypto." "We're very lucky where we are in the Western world, where we can use our Apple Pay. But there's many areas of the world where the currency is going up and down. What you get paid today is very different to what it's worth next week." "A lot of them do take stablecoins, and the amount of people I know that get USDT and Bitcoin as their main payments. This is something we really overlook. You go to many areas of the world, this is what a lot of them are doing." "How are they able to spend that? So there is now payments. Websites or companies can use that as an integration, so they can accept crypto payments, and then we look after all the ends of whatever they need, if they need it looked after or cashed out." "I think we really do overlook how many people actually utilise and hold crypto on a day-to-day basis. This isn't just price speculation." "This is really, look, I know I'm not going to be able to have the same amount of money in my pocket if I get paid in a local currency. And even sending it to partners and loved ones, this happens a lot."

The Wolf Of All Streets

30,328 Aufrufe • vor 12 Tagen

David Friedberg Breaks Down Zohran Mamdani's Win in NYC: The College Debt Crisis Has Led Young People to Socialism "It's really a revolution against the system that brought them to this moment." "Because the promise that we gave in America, the American Dream, was if you go to college, you will graduate, you will have income, you will have stability, you'll be able to buy a home." "And what we did is we increased the government's role in making that dream possible, and in doing so, we created effectively a system where we gave unrestricted access to capital, which inflated the cost of education." " People could go to school like Zohran and major in African studies and graduate with $200-300K of debt and then never get a job. The guy has not had a real job. And this is the truth for 32 million young Americans." " They all have what is called negative capital. They have debt and they will never be able to get out of that cycle." "So where do you turn in that moment? You don't go turn to corporations to solve your problems. You don't go turn to your friends and your siblings and your family, they're not gonna bail you out." "You turn to the voting booth, and you hear a guy like Zohran show up and say, 'There can be a better path forward.' The better path forward is the government can and should do more to help." "And in doing more to help, we will increase government, we will tax the rich, we will tax the corporations. We will take all of that capital and we will redistribute it in the form of services and checks and support for all of the people that find themselves unable to take care of themselves." "And this becomes a tipping point when the majority of the voter base ends up in that situation where they're that deeply in need, where they have negative capital." "And that is the situation America finds itself in today."

David Friedberg Breaks Down Zohran Mamdani's Win in NYC: The College Debt Crisis Has Led Young People to Socialism "It's really a revolution against the system that brought them to this moment." "Because the promise that we gave in America, the American Dream, was if you go to college, you will graduate, you will have income, you will have stability, you'll be able to buy a home." "And what we did is we increased the government's role in making that dream possible, and in doing so, we created effectively a system where we gave unrestricted access to capital, which inflated the cost of education." " People could go to school like Zohran and major in African studies and graduate with $200-300K of debt and then never get a job. The guy has not had a real job. And this is the truth for 32 million young Americans." " They all have what is called negative capital. They have debt and they will never be able to get out of that cycle." "So where do you turn in that moment? You don't go turn to corporations to solve your problems. You don't go turn to your friends and your siblings and your family, they're not gonna bail you out." "You turn to the voting booth, and you hear a guy like Zohran show up and say, 'There can be a better path forward.' The better path forward is the government can and should do more to help." "And in doing more to help, we will increase government, we will tax the rich, we will tax the corporations. We will take all of that capital and we will redistribute it in the form of services and checks and support for all of the people that find themselves unable to take care of themselves." "And this becomes a tipping point when the majority of the voter base ends up in that situation where they're that deeply in need, where they have negative capital." "And that is the situation America finds itself in today."

The All-In Podcast

470,973 Aufrufe • vor 1 Jahr