20250730 STUDIO LYDIA ROUNDTABLE SOCIAL 3

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Transcript

00:00Once you have perks from the government, you never want less of them.

00:03You always want more.

00:04So I don't know if we can sell the free market in the same way.

00:08These are the sons and daughters of rich people who are used to a certain lifestyle

00:13and are now, with their fine arts degree from NYU,

00:17are demanding it in the highest cost place in the world, which is New York City.

00:21I mean, there's something there.

00:23Well, and that's what Alex Karp said.

00:25This is to mediate that.

00:26Is, again, it's this group of people with...

00:28Who's he? Again?

00:29He's the CEO of Palantir.

00:31Oh, okay.

00:31He basically said the liberal arts grads are angry that people who are doing welding

00:36and real services are making more money than they are.

00:39When I was a kid, I made pretty good money.

00:41I worked with a construction crew, and we would go into these lots,

00:44and we'd chop the trees down and put them in a wood chipper.

00:47And then I went at night to cover the Peekskill Community Council meeting

00:51for a local newspaper.

00:53But you know what?

00:54I got through.

00:55I saved a ton of money.

00:56You know, I went to University of Missouri, and I didn't have to really take out any loans.

01:00Any about...

01:00But at the same time...

01:01Okay, to put our final point here, and I'm curious to get your thoughts.

01:06Universal basic income.

01:08Now, this has been something that's been floated.

01:11Andrew Yang was a big proponent of this when he ran, right?

01:13It's interesting because, in a way, when you talk about affordability and food stamps and

01:17all these things, instead of piecemeal giving people money for specific things, you give

01:25them 1K or whatever a month.

01:28And the thinking is that it enables them, you know, you can't use food stamps to fix

01:32your car.

01:33So if you need the cash and you're really strapped, you use that to fix your car, and you go to

01:38get a better job.

01:38That's the thinking behind it, and I think there's some logic.