 let's let's go after the left now much more interesting right or at least this story I found really interesting so it turns out as you know I'm leaving California I'm on in a hotel on my way out sold my house giving leaving and it turns out a lot of people were leaving California and it turns out that a lot of tech companies are leaving California as you know it on Musk is announced the Tesla is leaving Oracle is announced that is leaving a lot of people who are freed up now to work at home don't have to be going to the office leaving California there's generally at least documented an exodus of tech companies out of California to other places like Austin Texas and other places like that and one of the interesting things that's happening is that the left in California is is going apoplectic because the fact is that the only reason California is a float the only reason California has any kind of money right is because of right because of these people who are leaving it turns out that the top 1% of owners in California pay half the state's taxes so 50% of the taxes in California come from the top come from the top 1% of owners talk about regressive progressive sorry progressive taxes California has the most progressive system maybe in the world 1% pay 50% but the 1% are leaving at least some of them are many a stain but some of them are leaving and this worries California elites this worries people in Sacramento this worries the the activist fall left that is entrenched in California because where's the money for all the programs going to go who's going to be the scapegoat for all the problems that they have created in the state so what are they doing they're basically declaring that leaving California is him all here's a here's a statement by one statement thing I like least about the folks who leave San Francisco and Silicon Valley for Texas and Miami Texas Miami have no state income tax and far less regulations than California does particularly than San Francisco and lots of problems in San Francisco which we'll get to in a minute beyond just taxes and wherever else is the crapping on the place they left after they've extracted all they can from it the barrier helped you build your immense wealth and that's the thanks you get so tech entrepreneurs extracted wealth from Silicon Valley I mean it was basically wealth in the hills in the mountains about Silicon Valley and the tech entrepreneurs came there and they extracted it out of the mountain and that's how we got zoom and that's how we got Amazon and that's how we got are we cool and that's how we got Tesla it was in the mountain it was they mined it out and then they left right I mean it's just unbelievable or another one with many of the valley's richest companies fleeing the Bay mid-pandemic I feel compelled to speak out there's no question that California is imperfect the cost of living taxes and policies among other things make it difficult for lots of people to succeed here what I take whoops let me just get this right what I take issue is our leaders people of means abandoning abandoning our community when it needs us most after being it's my commentary reaping the benefits of Silicon Valley talent tech incubators mentors professional networks and culture until they no longer needed I mean this is reversing cause and effect who brought the talent tech incubators mentors professional networks and culture to Silicon Valley it's the entrepreneurs the people who build businesses Oracle Apple Google they brought the people to Silicon Valley they didn't extract it from the mountains they brought the people there they brought the wealthy and it created the wealth they created the jobs they created the opportunities they created the network they created the incubators these are the people who made Silicon Valley made it into what it is that has benefited all these leeches parasites who now choose to condemn them for leaving as if it's immoral because your duty remember your duty is a good altruist it's the civil community not yourself it's the sacrifice and if taxes go up and pay the damn taxes and if the cost of living is high then you gotta pay the cost of living and by the way the cost of living is high because of these parasites will get to that the people who built Silicon Valley who built San Francisco made San Francisco into what it is today all the tech entrepreneurs they are the 1% they are some of them unfortunately not enough of them are leaving because they've had enough being milked being sucked to death being stabbed in the back being blamed for every problem San Francisco has why I mean most of people live in San Francisco in Silicon Valley and San Francisco in the tech industry most of people live they intact we're not born there they immigrated there many of them many many of them from foreign countries some of them from other states and yet they owe a duty a altruistic duty to stay in spite of all the hardships being posed on them so that they can continue to fund the parasites and the leeches that exist in Silicon Valley now I really encourage you to read this article it's called extract or die it's by something called pirate wires Mike Solana Mike Solana is a is works for a venture capital firm found his fund Peter Teals venture capital firm and it's excellent this is an excellent article encourage everybody to read it encourage everybody to support it he just goes out he is now he doesn't get the moral point he doesn't get that this is altruism and what's in but he gets the existential point he gets what it means he gets what they're trying to do he gets who created the valley he gets who creates the wealth and what these people who created nothing are trying to do and I would definitely definitely definitely encourage you to read the article and and get it out there distribute it Facebook Twitter whatever get the word out there business businessmen haven't taken anything from the community they created the community the men and women who are leaving are the talent they are the incubators they are the ones who built the companies they're the ones who found who created the startup environment and this is great the way he identifies all this in this article he writes the you know California is beautiful San Francisco is truly I think one of the most beautiful cities in the world but the soil isn't made of magic there's no such thing as digging for microcode and the Bay Area nativists anti-immigration political climate has certainly not created the tech community which is populated largely by immigrants be it from out of state or from out of the country but these are nativists of the left who believe you have a duty to your soil to the soil you built to the communities you built you have a duty to sacrifice for them he writes the technology industry has brought tremendous tax revenue to the Bay Area but decided that budget of San Francisco literally doubled this decade from about 6 billion to over 12 billion with our government's incredible historic abundance of wealth the Board of Supervisors presided over a dramatic increase in homelessness drug abuse crime now including home invasion and a crippling cost of living they can that can be directly ascribed to the local landed gentry I love that he calls them landed gentries obsession with blocking new construction this later piece is important as it appears to be the only thing our board cares about blocking new construction this is because significantly increasing the local housing supply would decrease the value of the multi-million dollar homes almost every single one of our supervisors owns and we could never have that so he's saying San Francisco has had all this money you know the tech has created this productive community and what's the reward that San Francisco has unbelievable problem homelessness drug abuse crime and now a crippling cost of living he asks are they corrupt are they stupid and his conclusion is clearly they're both what have the San Francisco Board of Advisors managed to do they managed to ban vapes scooters electric bikes mostly and those little I love this those literally I'm quoting for the article those little plastic swords that free men in free countries are still allowed to stick in cocktail fruit he means plastic straws or plastic anything this is San Francisco this is what corruption really leads to this is what the left really leads to but not the left of technology the left of what he calls landed gentry who have no incentive to actually have construction to clean the place up by the way San Francisco is instituted something called the office of emerging technologies because they don't trust venture capital state the office of emerging technologies and he writes quote which in theory prohibits almost every future company in technology from existing in the city without prior approval from the local government that sounds like it's straight out of Atlas shrugged laws quote laws aren't enforced in San Francisco so the OET the office of emerging technology hasn't really come up but a company in the city can now be attacked by the board at any moment for almost any reason he says this is the nature of ambiguous laws in a one-party state in a country where nothing is technically legal punishment can be meted out almost for almost any whim or unjust person personal reason and neck that could be imagined by small minded people with political power now that's straight out of Atlas shrugged this guy is clearly red Atlas shrugged because that whole analysis of why that that's in the conversation with weird and forget the name of the doctor Lawson of in from the from the state science Institute that's a straight quote out of that interaction right where the guy says we don't want you to follow the regulations we want you to break them so that we have power over you it's exactly what he's describing here he writes the area housing homeless and drug crisis are all exacerbated by state by the state government which is as incapable of managing its finances and is incapable of managing its public lands we are now teaching on the edge of true financial ruin in a state of endemic constant wildfires caused by government and he goes on and on I mean it's truly you've got to read this and you've got to get the circulated get this out there and then he says the reason one of the reasons for this is is that counted to what many of you hate big tech argue the problem is the big tech and technology companies not engaged in politics they've left politics alone that just as I've described when I described Microsoft in the 1990s in terms of local politics tech has said you know we don't have time for this we're building companies we're creating wealth we're building technologies we're busy we don't want to worry about local politics and the politicians in San Francisco have therefore scapegoated techno tech workers for the housing crisis that they created that the government created and then the media just amplifies this and nobody defends big tech including technology companies and this again he gets right in the article he says the one thing is the technology the technology companies should be blamed for it's that they have not stood up for themselves that they've not fought for themselves I will post this article on my Facebook page and I'll tweet it so you can have access to it I think somebody on the chat has already put it up Ian thank you whoops I can't get it to show for some reason it won't let you show that but anyway the link is it's extract or die pirates wire so just do extract or die pirates wire and you'll find it on Google this is great no one moved to San Francisco he's talking about the tech guys because they wanted to run for local board of supervisors I get it but if 2020 proved anything it's local politics is almost the only thing that matters in terms of our day-to-day existence and if the deterioration of San Francisco can't be stopped I at least hope it will be remembered we can ignore local politics and this is again a great line but local politics will nonetheless shape our lives and they sufficiently unhinged city hall can destroy almost anything and that's you know we focus on Trump we focus on Biden we focus on national politics but one of the great cities in America and maybe more than one city because if you look at Seattle and Portland and you look at New York City these cities are being destroyed by local politicians and these cities are home to the most productive industries we have and we ignore we ignore local politics here's another good line I just think this is really I mean it's a good article again I wish he had the mall angle but he gets it right if what the technology industry has given the Bay Area area constitutes exploitation then for the love of God Mark Zuckerberg exploit me next that's a great line so he says in any case regardless of the city we landed he's talking to his tech fellow tech guys there's no ignoring the rest of the world anymore grab your shovels folks we've got work to do so this is the kind of these the kind of people we need to support these the kind of people for example in my view that are really turned off by what is going on right now in national politics these the kind of people who want an alternative and don't see it in the Republican Party and don't sit in the Democratic Party these are the kind of people these tech entrepreneurs these venture capitalists are the kind of people that we need if we're gonna be successful if we're gonna win they're the kind of people should be on our side they're the producers the real producers but we need sanity on our side in order to attract them all right anyway so I encourage you to look at that article and and and it's it's really interesting I mean I'm getting mixed signals here in California because on the one hand people are leaving that's clear and a lot of tech is leaving but at least in Southern California home prices are through the roof and and it was very easy to sell my house lots of other people I know around here they're getting multiple offers they're selling very quickly that you know in Los Angeles and in all the coastal communities I think the same is true from what I'm hearing in the Bay Area so while they they are people leaving there are some people coming in lots of people coming in so it's gonna be interesting to see how the situation in California evolves over the next few years and how if this movement out of California is real what kind of impact it has on a state I mean think about it the state might be losing 50% of its revenue not everybody's gonna leave but a significant portion of its revenue and actually is how does that impact at all it's it's gonna be it's gonna be interesting to watch and it's gonna be interesting to watch where do these guys go where is the Silicon Valley when they go there did they bring their leftist politics with them or did they learn from their experience in Silicon Valley did they learn from their experience in San Francisco I can't think of a city in a sense in worse shape not in terms maybe of demonstrations and like Seattle and Portland but in the sense of just day-to-day city management than San Francisco I mean the homeless problem in San Francisco is just so horrific it's truly nasty and that will that is only gonna get worse it's not gonna get better same thing in LA by the way spite of that real estate prices are going up so I don't get it I don't understand it's it's gonna be interesting to keep track of okay thanks what we need today what I called a new intellectual would be any man or woman who is willing to think meaning any man or woman who knows that men's life must be guided by reason by the intellect not by feelings wishes wins or mystic revelations any man or woman who values his life and who does not get want to give in to today's cult of despair cynicism and impedance and does not intend to give up the world to the dark ages and to the role of the collectivist broads all right before we go on reminder please like the show we've got 163 live listeners right now 30 likes that should be at least a hundred I figure at least a hundred of you actually like the show maybe they're like 60 of the Matthews out there who hate it but but at least the people liking it you know I want to see I want to see a thumbs up there you go start liking it I want to see that go to a hundred all it takes is a click of a click of a thing whether you're looking at this and you know the likes matter it's not an issue of my ego it's an issue of the algorithm the more you like something the more the algorithm likes it so you know and if you don't like the show give it a thumbs down let's see your actual views being reflected in the likes but if you like it don't just sit there help get the show promoted of course you should also share and you can support the show at 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