#AIS: Opening chat with Miami Mayor Francis Suarez
Chapters
0:0 A look back at the history of the All-In Podcast (courtesy of Henry Belcaster & Dylan Jardon)4:44 Yung Spielburg intros the Besties + Besties give reactions to the All-In Summit
10:40 Miami Mayor Francis Suarez joins the Besties on stage to chat: Miami's emergence as a tech hub, his governing principles, crypto, what the future holds & more
00:00:00.000 | Hey, everybody. Hey, everybody. Hey, everybody. Hey, everybody. Hey, everybody. Welcome back.
00:00:14.580 | Besties are back. Besties have reunited. Besties are back. Besties are back for the all-in
00:00:20.060 | podcast. We'll call this episode one. Episode two. This is our fifth episode. Episode eight.
00:00:25.620 | The last time you heard from the besties, it was election night, and it was a shit show.
00:00:32.540 | He's got a megaphone.
00:00:34.540 | Prince of Spax. The dictator. The dictator, Chamath Palihapitiya.
00:00:43.140 | Hey, everybody. It's me, Jason. This is cashmere. Do you like my thin
00:00:46.600 | cashmere gilet that I'm wearing? Let's all take a moment to say what we like about Chamath.
00:00:50.740 | Okay, great. Let's get back to the episode. Queen of quinoa. Queen of quinoa.
00:00:55.080 | The.
00:00:55.420 | The queen of quinoa. David Freberg is with us.
00:00:59.020 | Let me tell you guys what you missed out on. Hey, everybody. It's me, Jason Kalachranis.
00:01:02.840 | Welcome, welcome.
00:01:03.640 | Chiming in is Rain Man himself, David Sachs. Rain Man, David Sachs.
00:01:08.040 | Hey, guys.
00:01:08.540 | Hey, everyone. Hey, everyone. Welcome to the all-in pod.
00:01:14.020 | Besties are here to talk about tech, economy, politics, and our lives in Silicon Valley.
00:01:23.580 | If Newsom is recalled.
00:01:25.560 | I would like to put my name on the ballot.
00:01:27.440 | We're not going to get any positive change in this state until the politicians are held
00:01:32.060 | accountable.
00:01:32.640 | Salesforce in a record transaction for a SaaS company.
00:01:36.080 | The ship goes into the Suez Canal and it had a blackout.
00:01:39.280 | The Chauvin trial.
00:01:40.320 | Guilty all three charges.
00:01:41.900 | Xi Jinping and Putin got together and they're apparently besties.
00:01:45.500 | And then we can talk about the corporatist scumbags and other fucking people over.
00:01:49.660 | So let's let's do that.
00:01:50.840 | You know, I realize that what I said last week lacked empathy.
00:01:55.300 | Particularly towards others who are dealing with persecution.
00:01:59.020 | I think what makes this podcast great is the diversity of opinion and respect that we show for each other.
00:02:05.220 | J Cal, if anything I said hurt your feelings, I want to say I'm sorry.
00:02:09.180 | I think you are the most incredibly loyal person.
00:02:11.820 | Love you, Chamath.
00:02:12.980 | J Cal, I have something to say to you as well.
00:02:15.640 | I love.
00:02:16.940 | Like, uh, uh, system breakdown.
00:02:19.120 | Fuck it.
00:02:19.600 | Back at ya.
00:02:20.300 | Thank you to Young Spielberg.
00:02:25.260 | Extended Edition Remix.
00:02:27.380 | We open sourced it to the fans and they've just gone crazy with it.
00:02:30.560 | All in statistics where some maniac is breaking down how many minutes we each talk.
00:02:34.640 | All in stands have a ton of skills.
00:02:38.600 | Who's the guy, Henry, who does all those incredible videos with animations?
00:02:42.020 | That is fraud.
00:02:42.940 | That's where Elizabeth Holmes crossed the line.
00:02:44.620 | Crushing it.
00:02:45.160 | Those things are great.
00:02:45.860 | Draymond Green in the house.
00:02:47.900 | What's up, bestie guestie?
00:02:49.580 | You bet $13.
00:02:51.320 | Okay.
00:02:51.880 | You don't get 13 back.
00:02:52.740 | You only get 10 back.
00:02:53.660 | Uh, we have Bology here.
00:02:55.160 | Brad Gershner.
00:02:55.740 | Welcome back to the program.
00:02:56.700 | Ryan Armstrong.
00:02:57.540 | What's up, bro?
00:02:58.380 | Ryan Peterson from Flexport.
00:03:00.380 | Thanks for coming on the pod and we appreciate it.
00:03:02.000 | I love you guys.
00:03:02.880 | I want to kiss all of you on the mouth.
00:03:04.880 | Hopefully we'll have a bestie poker soon.
00:03:07.080 | Thank you for helping me get through a very difficult year.
00:03:09.640 | People just can't believe men say to each other they love each other and they can't believe that Sax almost is able to say it.
00:03:16.520 | We love you, Saxie-poo.
00:03:17.680 | I love you, David Sax.
00:03:18.980 | I love you, David Sax.
00:03:21.360 | Back at ya.
00:03:22.020 | Can we book the Miami trip, Chamath?
00:03:25.100 | Let's go out there.
00:03:26.260 | King of SPACs himself, the guru of growth.
00:03:30.280 | He puts the dick in dictator.
00:03:31.520 | That time piece, what does it do?
00:03:33.100 | It reminds him of how much more money he has than you.
00:03:36.120 | Sweater is worth six times.
00:03:37.620 | Laura Piana is above his line.
00:03:39.780 | Your super villain with that 1985 Sasakaya, he be chillin'.
00:03:43.920 | He's dropping annual letters in luxurious sweaters.
00:03:47.460 | As far as the SPACs go, well, it can only get better.
00:03:49.960 | The dictator himself.
00:03:51.540 | Back with us again, the czar of ARR, the savant of--
00:03:55.040 | Sass.
00:03:56.960 | He puts the ass in Asperger's.
00:03:58.660 | He's a sucker.
00:03:59.920 | He's a sucker for Tucker.
00:04:01.300 | The czar of ARR.
00:04:02.800 | He perfected the flywheel with his boy, Peter Thiel.
00:04:05.640 | LPs, don't be nervous, 'cause he's only investing in software as a service.
00:04:09.840 | The world's biggest sasshole.
00:04:11.940 | The Rayman himself, David Sax.
00:04:14.860 | He's a sasshole.
00:04:15.760 | Wait, you call me a sasshole?
00:04:16.720 | The queen of quinoa himself.
00:04:18.240 | He'll reboot your physique with his munique.
00:04:20.520 | The thriller from Amilla Valley.
00:04:22.780 | He puts the eye in anxiety.
00:04:24.400 | He works in deep.
00:04:24.980 | He's a sasshole.
00:04:25.820 | He's a sasshole.
00:04:26.860 | He's a sasshole.
00:04:27.860 | He's a sasshole.
00:04:28.860 | He's a sasshole.
00:04:29.860 | He's a sasshole.
00:04:30.860 | He's a sasshole.
00:04:31.860 | He's a sasshole.
00:04:32.860 | He's a sasshole.
00:04:33.860 | He's a sasshole.
00:04:34.860 | He's a sasshole.
00:04:35.860 | He's a sasshole.
00:04:36.860 | He's a sasshole.
00:04:37.860 | He's a sasshole.
00:04:38.860 | He's a sasshole.
00:04:39.860 | He's a sasshole.
00:04:40.860 | He's a sasshole.
00:04:41.860 | He's a sasshole.
00:04:42.860 | He's a sasshole.
00:04:43.860 | He's a sasshole.
00:04:44.860 | He's a sasshole.
00:04:45.860 | He's a sasshole.
00:04:46.860 | He's a sasshole.
00:04:47.860 | He's a sasshole.
00:04:48.900 | Ladies and gentlemen, allow me to introduce your besties,
00:04:57.400 | the queen of quinoa, the sultan of signs, David Freeburg,
00:05:01.280 | the rain man, David Sachs, the dictator himself,
00:05:07.440 | Chamath Palihapitiya, and everyone's favorite bestie,
00:05:13.660 | the point guard, Jacob.
00:05:18.840 | The rain man, David Sachs.
00:05:20.840 | I'm going all in.
00:05:22.840 | And it's said--
00:05:23.840 | We open sources to the fans, and they just go crazy.
00:05:25.840 | Love you, guys.
00:05:26.840 | I think he's the queen of quinoa.
00:05:27.840 | I'm going all in.
00:05:28.840 | I cannot believe what J. Cal has pulled off here.
00:05:30.840 | I mean, I am in shock that this is even real.
00:05:33.840 | I still don't know where all the money went, but--
00:05:36.840 | The amount of money that he's made,
00:05:38.840 | I mean, I'm not even going to lie to you.
00:05:40.840 | I'm not even going to lie to you.
00:05:41.840 | I'm not even going to lie to you.
00:05:42.840 | I'm not even going to lie to you.
00:05:43.840 | I'm not even going to lie to you.
00:05:44.840 | I'm not even going to lie to you.
00:05:45.840 | I'm not even going to lie to you.
00:05:46.880 | The amount of money you embezzled.
00:05:49.880 | We are witnessing our first Theranos moment,
00:05:52.880 | starring Jason Calacanis.
00:05:54.880 | Guys, I got great news for you.
00:05:57.880 | I took all the money.
00:05:59.880 | I put it in Luna.
00:06:00.880 | I haven't checked it in the last week,
00:06:03.880 | but we were up 3x.
00:06:05.880 | We're going to kill this.
00:06:07.880 | You'll never find the money.
00:06:08.880 | I put it through multiple Bitcoin tumblers.
00:06:10.880 | That's great.
00:06:11.880 | It's going to be great.
00:06:12.880 | Welcome, everybody.
00:06:13.880 | By the way, sorry.
00:06:14.880 | This is a joke to everybody in the room, but what?
00:06:16.820 | I'm going to tell one person sitting over here
00:06:18.820 | who is really sweating the accounting of this.
00:06:20.820 | Brie Berg is having a panic attack.
00:06:22.820 | He had a panic attack last week.
00:06:24.820 | From the beginning, I said,
00:06:25.820 | "If JCal is going to do this,
00:06:26.820 | we're going to have a grift session.
00:06:27.820 | We're going to all sit down,
00:06:28.820 | and we're going to figure out where the grift happened,
00:06:30.820 | because it's going to happen."
00:06:31.820 | The guy who's always calling out the grift
00:06:33.820 | knows how to grift better than anyone else.
00:06:35.820 | We'll figure this out.
00:06:37.820 | Half these people--
00:06:38.820 | Half his family is here.
00:06:39.820 | Have you guys met them all?
00:06:40.820 | They're great people, but--
00:06:41.820 | Are there any Calcanuses who are not on the payroll?
00:06:46.820 | Can I tell you--
00:06:47.820 | We're feeding a lot of Calcanuses here.
00:06:49.820 | I've been this guy--
00:06:50.820 | It's a union job.
00:06:51.820 | It's a union job.
00:06:52.820 | I've been your biggest supporter
00:06:53.820 | defending you from these two fucking jackals.
00:06:55.820 | But it finally got into my brain as well.
00:06:57.820 | So when I got into the hotel room and I opened the bag,
00:06:59.820 | I was like, "Well, maybe this cup costs $4,000."
00:07:02.820 | Right.
00:07:03.820 | Maybe this--
00:07:04.820 | It's very possible.
00:07:05.820 | It's possible.
00:07:06.820 | It's a huge deal.
00:07:07.820 | It's a huge deal.
00:07:08.820 | It's a huge deal.
00:07:09.820 | It's a huge deal.
00:07:10.820 | It's a huge deal.
00:07:11.760 | It's a heated cup.
00:07:12.760 | It's a heated cup.
00:07:13.760 | Who are we to know?
00:07:14.760 | When was the last time you bought a cup?
00:07:16.760 | It's like the Pentagon or something, you know?
00:07:21.760 | Yeah.
00:07:22.760 | I mean--
00:07:23.760 | To me, it's like when George Bush went to the supermarket
00:07:25.760 | and he didn't know how much a tomato or a gallon of milk cost.
00:07:27.760 | Is a cup $4,000?
00:07:28.760 | What does a gallon of milk cost?
00:07:29.760 | $7.99?
00:07:30.760 | Saks?
00:07:31.760 | I have no idea.
00:07:32.760 | I'm sorry.
00:07:33.760 | I'm not going to pretend.
00:07:35.760 | I asked Saks, "When's the last time you flew commercial?"
00:07:38.760 | Which George Bush was in office?
00:07:41.700 | I don't know.
00:07:42.700 | I don't know.
00:07:43.700 | I don't know.
00:07:44.700 | I don't know.
00:07:45.700 | I don't know.
00:07:46.700 | I don't know.
00:07:47.700 | I don't know.
00:07:48.700 | I don't know.
00:07:49.700 | I don't know.
00:07:50.700 | I don't know.
00:07:51.700 | I don't know.
00:07:52.700 | I don't know.
00:07:53.700 | I don't know.
00:07:54.700 | I don't know.
00:07:55.700 | I don't know.
00:07:56.700 | I don't know.
00:07:57.700 | I don't know.
00:07:58.700 | I don't know.
00:07:59.700 | I don't know.
00:08:00.700 | I don't know.
00:08:01.700 | I don't know.
00:08:02.700 | I don't know.
00:08:03.700 | I don't know.
00:08:04.700 | I don't know.
00:08:05.700 | I don't know.
00:08:06.700 | I don't know.
00:08:07.700 | I don't know.
00:08:08.700 | I don't know.
00:08:09.700 | I don't know.
00:08:10.700 | I don't know.
00:08:11.640 | that this podcast means so much to you. Last night, we, you know, had a little debrief. And
00:08:18.200 | the thing just said to us, you know, when we, when we, when we met you all, and it's very weird to
00:08:23.900 | do a podcast like this and have it become super popular. I don't, two weeks ago, it became the
00:08:28.460 | 26th most popular episode in the app store, which to us was crazy. We did this because we were
00:08:34.680 | losing our minds in COVID. And as friends, we couldn't play poker, we couldn't see each other,
00:08:38.280 | it was very lonely. And we did this for ourselves. And the fact that all of you got some value from
00:08:43.500 | it, it was just remarkable to us, like as a concept, but incredibly gracious of you all to
00:08:51.980 | come here and then to tell us what it means to you. It just has blown us away that people are
00:08:58.320 | even tuning in to it. How has it changed your life, Friedberg? I mean, you were a nobody.
00:09:05.520 | I mean, literally didn't have a Twitter account. We were all very famous in the tech industry,
00:09:16.260 | but nobody knew you. So let's just start there. I mean, I mean, literally, we were backstage and
00:09:25.560 | they said Queen of Kinwa and this audience went crazy. I mean, you're very sociable,
00:09:35.500 | you're socially awkward. Tell us what is it like for you to be famous?
00:09:40.120 | You know, I appreciate that, but I'll tell you, the weird thing is we go into our office for 90
00:09:47.440 | minutes a week and we talk to each other over Zoom and then we go in the room and people want
00:09:51.580 | to take pictures. That's what's so strange. It's like, we've never done this. We did it once in
00:09:55.420 | person together, right? The pod. We've always done it over Zoom and it was always like a remote,
00:10:00.160 | like, so it always just felt like, hey, I got meetings on either side. Let's go do the pod for
00:10:05.480 | 30 minutes. And then all of a sudden it's like, hey, you know, people actually fucking listen to
00:10:09.800 | us talking over Zoom. It's a little wacky, I'll tell you. But it was great to meet everyone last
00:10:14.840 | night. I think it was, it was really cool because I heard a lot of stories last night about some
00:10:18.620 | dude sold his company for like fucking $2 billion. Where's that guy? That guy. And he's like,
00:10:23.720 | he's like, well, yeah, yeah, yeah. He said he sold his company because of the call we made on
00:10:29.600 | the top of the market. And he's like, I took the deal at 21 times revenue. Oh, there he is.
00:10:33.980 | Oh, who's this guy?
00:10:35.460 | Sir. Welcome. Anyway, everybody, it was crazy. What an audience. The mayor of Miami, Francis.
00:10:43.920 | So I take it. I take it 11 just close. I got to dress like a human being for about an hour.
00:10:54.600 | Well, it actually doesn't close 1111 doesn't close. So we'll just go there. Sorry. It's 24
00:11:01.800 | hours. It's 24 hours. Not that I've ever been there. But yes.
00:11:05.440 | Hey, thanks for hosting us. We were thinking of a place to do it. And you were gracious enough to
00:11:12.100 | encourage us to come here.
00:11:13.100 | You took everybody's poker money everywhere else in the country. So you decided to come here, right?
00:11:15.940 | Yes. We're going to sweep everything up here. But what an incredible resurgence and courting of the
00:11:24.700 | tech industry you've done here. Tell us about a little bit about what's happened in the last two
00:11:28.960 | years since you started replying to people on Twitter saying, Hey, if you're running a business,
00:11:35.420 | we'd like to help you.
00:11:36.800 | Yeah, sort of a United States of America type of approach, right? Fundamentally American,
00:11:43.760 | where we want to create high paying jobs in our city. We want to empower people. We want to give
00:11:48.020 | people an opportunity at being prosperous. And for some reason in this country, in certain cities,
00:11:53.900 | that's been frowned upon or it makes you feel guilty about it. And here in Miami,
00:11:58.340 | we're fundamentally shaped by our sort of our origin story, right? And many people in Miami,
00:12:05.400 | were exiled from their country of birth for because in those countries, communist regimes took over.
00:12:11.700 | And obviously, in those countries, a government official is saying, Hey, give me your property.
00:12:16.200 | Give me your your business and don't worry, I'll make everybody equal. And they do make everybody
00:12:21.900 | equal. They make everybody equally miserable. So you know, they've accomplished that.
00:12:27.420 | And whenever government wants to grow, you should run in the opposite
00:12:35.380 | direction. And so in Miami, we do it by following some simple rules, we keep taxes as low as humanly
00:12:41.680 | possible. And shocker, our budget has doubled in size. Since we have kept taxes to 1960s lows.
00:12:49.360 | We focus on quality of life. So we have the lowest homeless rate since 2013. We're the
00:12:55.840 | first major city I think in America to actually try to get to zero, we want to have zero homeless.
00:13:00.520 | And we actually invest in safety. You know, we actually, while
00:13:05.360 | we're in the middle of the pandemic, we've been able to get to zero. We've been able to get to zero.
00:13:05.420 | We've been able to get to zero. We've been able to get to zero. We've been able to get to zero. We've been able to get to zero.
00:13:05.420 | We've been able to get to zero. We've been able to get to zero. We've been able to get to zero. We've been able to get to zero.
00:13:05.500 | We've been able to get to zero. We've been able to get to zero. We've been able to get to zero. We've been able to get to zero.
00:13:05.540 | cities decrease funding for our police, we've increased funding for our police, we have the most.
00:13:09.020 | We have the most police officers we've ever had in our history. And by the way, they have the hardest job in America right now are police officers. And I'm going to give you a shocking correlation. Our crime went down. Shocking.
00:13:25.220 | So you added police. We added police. And the crime went down. Yes, I know. It's bewildering. Our homicide rate went down by 23% last year. This year, it's down by 40% from the 23% of last year. So almost 63% to this year.
00:13:41.380 | So that's basically the combination of economic prosperity and then safety and security. People are too busy to think about all of the long tail things they could be doing to screw up their own lives.
00:13:55.200 | or somebody else's life. They're just living a good life.
00:13:57.360 | Yeah, we have 1.4% unemployment. We're number one in the nation in wage growth. We're number one in the nation in tech jobs. We're number one in tech job migration. I think we've moved 2 trillion AUM in the last 18 months. And our VC pipeline grew by 200% year over year. And to put that number in context, if it was a zero sum game, and our gain was, for example, San Francisco's loss, which may very well be going into the future, in two years, we would overtake San Francisco as a VC capital of the world.
00:14:25.180 | Yeah.
00:14:26.360 | And to be clear, you know, this is a very liberal city that is welcoming of all people. This is not like you've become some like insane, crazy right wing, like Teal Sachs. You still are like fine with people living their lives.
00:14:44.080 | Yes, we're very much into freedom. We're kind of sort of libertarian here in Miami. And you know, we want people to live their lives as they please.
00:14:55.160 | We want people to live their lives as they see fit. We're not here to tell them what to do. We're here to create the conditions for their prosperity to the extent that government even gets involved in that, right?
00:15:03.040 | We like to stay out of people's business. We try to be efficient, which I know is almost an oxymoron in government. And we try to facilitate people's growth and success. That's it. That's all we do.
00:15:13.440 | Tell us about your support of crypto.
00:15:15.480 | So, you know, when we were trying to create this buzz and ecosystem, we knew we had to disrupt the natural order of things.
00:15:25.140 | Our hack, right, our David and Goliath sort of slingshot hack was to go all in on crypto.
00:15:31.640 | Part of the reason why is, you know, I understood the fundamentals of it. I like the fundamentals of it.
00:15:36.880 | You know, I think one of the things that's missing in our society is trust.
00:15:40.920 | And when you see policymakers, whether at the Fed or the federal government spending significantly more money than what it's taking in, which is creating hyperinflation, we see interest rates going up.
00:15:53.220 | I mean, it's sort of a...
00:15:55.220 | Terrible man or woman inflicted suffering.
00:16:00.500 | And you see a system that is designed to sort of create trust by making it humanless, in effect.
00:16:08.880 | It was something that was very attractive.
00:16:11.020 | Obviously, the blockchain, I was part of the Blockchain Foundation, part of the Blockchain Task Force for the state of Florida.
00:16:15.560 | So I had a sort of education on the technology prior to the moment where I sort of decided to go all in on it.
00:16:22.360 | And I thought that it could be a differentiator being a young man.
00:16:25.100 | I was a mayor who understood the tech, who understood that I wasn't taking as big a risk as people thought I would be taking.
00:16:30.560 | And it's been great for our ecosystem.
00:16:32.500 | I mean, whatever the price of Bitcoin is at a given moment is pretty much irrelevant.
00:16:35.780 | What's important to me is we have the Bitcoin Conference.
00:16:39.020 | We have you guys.
00:16:39.840 | We have the Bitcoin Conference, which is tens of millions of dollars in economic development.
00:16:43.700 | We brought a tremendous amount of funds and exchanges to headquarters here in Miami, which has created hundreds of high paying jobs.
00:16:52.940 | And then we got FTX today.
00:16:55.080 | And then we got a $200 million gift or contribution to our community.
00:16:59.940 | So it's been something that's benefited us to the tunes of hundreds of millions of dollars.
00:17:03.600 | So regardless of what you think about crypto as a technology, as an economic development tool, it's been game changing for us.
00:17:10.860 | Sax, I'm curious how you think about what you've seen in this city versus where we all live and operate in the Bay Area and then across the country.
00:17:19.800 | How do you grade the job the mayor has done here?
00:17:22.980 | And what do you think the lessons are for the rest of the city?
00:17:25.060 | I think, you know, Mayor Suarez done an amazing job here.
00:17:29.800 | And it's something that other cities should be looking to emulate, which is simply to be helpful instead of being an impediment.
00:17:36.800 | I did an event for Mayor Suarez in San Francisco, you know, my my home.
00:17:42.660 | And it was the best attended event.
00:17:44.060 | And I've done a lot of political events.
00:17:47.900 | The one we had with you was the best attended event I think we ever held.
00:17:52.500 | And the reason there is a tremendous amount of curiosity.
00:17:55.040 | On the part of people in San Francisco in terms of what's been happening here.
00:17:59.660 | And kind of the thing that you heard over and over again by the people who attended that event who had asked questions was, you know, why can't we have a mayor like you in San Francisco?
00:18:10.920 | Because I don't live there.
00:18:12.280 | Actually, I'm president of the U.S. Conference of Mayors.
00:18:17.280 | So I kind of jokingly say, well, I'm kind of, you know, trying to.
00:18:19.700 | But every city I go to, they ask me the same question.
00:18:22.660 | And I'm like, well, I really like Miami a lot.
00:18:24.420 | Yeah.
00:18:25.020 | I mean, fundamentally, we have not just a mayor, but because the mayor of San Francisco is actually not bad.
00:18:30.820 | London Breed's not bad.
00:18:31.600 | The issue is the board of supervisors who really controls the city.
00:18:34.800 | I mean, they've been engaged in killing the golden goose.
00:18:38.400 | I mean, San Francisco and the Bay Area had a lock on the tech ecosystem.
00:18:42.760 | And because the political forces there define tech as the enemy, they basically have driven it out.
00:18:51.260 | And as a result, you now have emergent tech hubs.
00:18:55.000 | All over the United States, starting with Miami and Austin and other cities like that.
00:19:00.680 | And it's kind of crazy.
00:19:01.940 | San Francisco had the monopoly.
00:19:04.040 | And it basically chose to give it up.
00:19:06.660 | Well, spending.
00:19:07.240 | It was a giant grift, right?
00:19:08.380 | Aren't they at like 4X budget per capita over New York?
00:19:11.380 | It's like 3X.
00:19:13.280 | It's something insane.
00:19:14.060 | Yeah, it is crazy.
00:19:15.060 | Mayor, let me ask a question around.
00:19:16.620 | One of the reasons Silicon Valley exists is because of the relationship with the universities in the Bay Area.
00:19:21.360 | And obviously, that still continues to be a big driver.
00:19:24.980 | For the tech and more recently biotech economy in the Bay Area.
00:19:28.660 | No doubt.
00:19:29.140 | A lot of people get their PhDs.
00:19:30.680 | They graduate engineering students.
00:19:31.860 | They stay in the Bay Area.
00:19:32.660 | UCSF, Stanford, Berkeley, etc.
00:19:35.540 | How do you think about the relationship between universities?
00:19:38.000 | What's the kind of reflective solution here?
00:19:41.980 | And are there relationships you can maybe build or bridge with California schools to kind of get innovation hubs set up that partner with graduates?
00:19:48.940 | I would love to.
00:19:50.300 | One of the things that's interesting about Silicon Valley is 95% of the people that live in Silicon Valley.
00:19:55.060 | We're not born in Silicon Valley.
00:19:56.580 | In Miami, it's closer to 70% of the people that live in the city were not born in the city.
00:20:05.020 | I'm actually an anomaly being the first Miami born mayor in the history of the city, 125 years.
00:20:09.260 | So that's a pretty cool stat.
00:20:11.100 | But I absolutely think that we can look.
00:20:14.240 | We're not perfect.
00:20:15.520 | I like to think that I get up every morning as a mayor.
00:20:18.780 | You sort of look at the imperfections and you try as a long term build, right, beyond these 24 months.
00:20:24.440 | You try.
00:20:24.940 | You're thinking about what are the structural things that we can do better.
00:20:26.980 | And I think you just hit on one of them, right?
00:20:28.960 | I think certainly having a university that's at the caliber of the Stanford, MIT, Harvard, even UT and Georgia Tech, a lot of fanfare in Austin and in the Atlanta area.
00:20:41.300 | And so I think we can certainly do better.
00:20:44.980 | I'm not one of these people that likes to be complacent or that thinks that, you know, even if we had a university at the caliber of some of these universities, I'd be still trying to find a way to do better.
00:20:54.920 | I think the world is highly disruptive.
00:20:57.160 | I think higher ed is highly disruptive.
00:20:59.200 | And I think and it's an archaic sort of institutional just like government.
00:21:03.800 | Right.
00:21:04.040 | They're always behind.
00:21:05.300 | So I think that gives cities like Miami, if we're smart, if we find our crypto for universities, right, we can sort of leapfrog a lot of them and get to the top very quickly.
00:21:15.800 | I think I want to ask you as we as we wrap here, a really hard question.
00:21:19.420 | We are struggling.
00:21:21.860 | How to beat your mouth in poker.
00:21:22.880 | Yeah, it's hard.
00:21:23.280 | Yeah.
00:21:23.360 | It's impossible.
00:21:23.940 | It's impossible.
00:21:24.900 | I would say the though.
00:21:26.180 | I mean, we have a drug crisis in this country with fentanyl.
00:21:30.960 | Yeah, it is a super drug.
00:21:32.080 | We have never seen.
00:21:33.340 | We have this problem in San Francisco with homelessness and drugs.
00:21:37.380 | And you're now running the conference of all the mayors in the country and you all come together.
00:21:43.500 | And it seems like some cities are figuring out how to deal with this and some are floundering.
00:21:48.680 | Is the issue that we're looking at a super drug and an addiction problem that.
00:21:54.880 | Has very low chance of resolving itself through even when somebody can get a bed and go to recovery, the recovery rates for fentanyl are low single digits.
00:22:05.720 | And we're looking at this as if the problem is actually homelessness, that they don't have a home when in fact they are addicted to a super drug.
00:22:12.920 | Why can't we look at this for what it is and stop conflating a super drug addiction problem with people not having a home and an economic issue?
00:22:21.920 | It seems like there's some denial going on.
00:22:24.200 | Sure.
00:22:24.860 | I think fentanyl is the numbers are very scary.
00:22:27.800 | Right.
00:22:28.100 | In terms of recovery, it's infinitesimal in terms of people that can get out of that that vicious cycle of fentanyl addiction.
00:22:34.640 | In Miami, what we did about 10, 15 years ago was we created a network of of of of facilities that do drug treatment, alcohol treatment, mental health and vocational training all at the same place.
00:22:50.460 | It's called the Homeless Trust.
00:22:52.460 | We use I think it's a cent.
00:22:54.840 | We use it.
00:22:55.380 | It's basically a tourist tax.
00:22:57.440 | So people who come in and visit pay a bed tax when they come and visit a hotel, it generates about $50 million a year, which you can bond out.
00:23:05.280 | And we've created a decentralized set of facilities all across the MSA.
00:23:08.680 | We reduce homelessness by about 90% with that network.
00:23:12.060 | We're now down to the chronic few that the last 10%.
00:23:15.960 | It's about 1000 in the county in Miami, in the city, which is one of 34 cities in the county.
00:23:20.400 | We have 510 homeless right now in the city.
00:23:23.320 | And that's incredible.
00:23:25.360 | And we have a lot of people that are homeless.
00:23:27.400 | And we have a lot of people that are homeless.
00:23:28.540 | And we have a lot of people that are homeless.
00:23:29.560 | And we have a lot of people that are homeless.
00:23:30.560 | And we have a lot of people that are homeless.
00:23:31.560 | And we have a lot of people that are homeless.
00:23:32.560 | And we have a lot of people that are homeless.
00:23:33.560 | And we have a lot of people that are homeless.
00:23:34.560 | And we have a lot of people that are homeless.
00:23:35.560 | And we have a lot of people that are homeless.
00:23:36.560 | And we have a lot of people that are homeless.
00:23:37.560 | And we have a lot of people that are homeless.
00:23:38.560 | And we have a lot of people that are homeless.
00:23:39.560 | And we have a lot of people that are homeless.
00:23:40.560 | And we have a lot of people that are homeless.
00:23:41.560 | And we have a lot of people that are homeless.
00:23:42.560 | And we have a lot of people that are homeless.
00:23:43.560 | And we have a lot of people that are homeless.
00:23:44.560 | And we have a lot of people that are homeless.
00:23:45.560 | And we have a lot of people that are homeless.
00:23:46.560 | And we have a lot of people that are homeless.
00:23:47.560 | And we have a lot of people that are homeless.
00:23:48.560 | And we have a lot of people that are homeless.
00:23:49.560 | And we have a lot of people that are homeless.
00:23:50.560 | And we have a lot of people that are homeless.
00:23:51.560 | And we have a lot of people that are homeless.
00:23:52.560 | And we have a lot of people that are homeless.
00:23:53.560 | And we have a lot of people that are homeless.
00:23:54.560 | And we have a lot of people that are homeless.
00:23:55.560 | And we have a lot of people that are homeless.
00:23:56.560 | And we have a lot of people that are homeless.
00:23:57.560 | And we have a lot of people that are homeless.
00:23:58.560 | And we have a lot of people that are homeless.
00:23:59.560 | And we have a lot of people that are homeless.
00:24:00.560 | And we have a lot of people that are homeless.
00:24:01.560 | And we have a lot of people that are homeless.
00:24:02.560 | And we have a lot of people that are homeless.
00:24:03.560 | And we have a lot of people that are homeless.
00:24:04.560 | And we have a lot of people that are homeless.
00:24:05.560 | And we have a lot of people that are homeless.
00:24:06.560 | And we have a lot of people that are homeless.
00:24:07.560 | And we have a lot of people that are homeless.
00:24:08.560 | And we have a lot of people that are homeless.
00:24:09.560 | And we have a lot of people that are homeless.
00:24:10.560 | And we have a lot of people that are homeless.
00:24:11.560 | And we have a lot of people that are homeless.
00:24:12.560 | And we have a lot of people that are homeless.
00:24:13.560 | And we have a lot of people that are homeless.
00:24:14.560 | And we have a lot of people that are homeless.
00:24:15.560 | And we have a lot of people that are homeless.
00:24:16.560 | And we have a lot of people that are homeless.
00:24:17.560 | And we have a lot of people that are homeless.
00:24:18.560 | And we have a lot of people that are homeless.
00:24:19.560 | And we have a lot of people that are homeless.
00:24:20.560 | And we have a lot of people that are homeless.
00:24:21.560 | And we have a lot of people that are homeless.
00:24:22.560 | And we have a lot of people that are homeless.
00:24:23.560 | And we have a lot of people that are homeless.
00:24:24.560 | And we have a lot of people that are homeless.
00:24:25.560 | And we have a lot of people that are homeless.
00:24:26.560 | And we have a lot of people that are homeless.
00:24:27.560 | And we have a lot of people that are homeless.
00:24:28.560 | And we have a lot of people that are homeless.
00:24:29.560 | And we have a lot of people that are homeless.
00:24:30.560 | And we have a lot of people that are homeless.
00:24:31.560 | And we have a lot of people that are homeless.
00:24:32.560 | And we have a lot of people that are homeless.
00:24:33.560 | And we have a lot of people that are homeless.
00:24:34.560 | And we have a lot of people that are homeless.
00:24:35.560 | And we have a lot of people that are homeless.
00:24:36.560 | And we have a lot of people that are homeless.
00:24:37.560 | And we have a lot of people that are homeless.
00:24:38.560 | And we have a lot of people that are homeless.
00:24:39.560 | And we have a lot of people that are homeless.
00:24:40.560 | And we have a lot of people that are homeless.
00:24:41.560 | And we have a lot of people that are homeless.
00:24:42.560 | And we have a lot of people that are homeless.
00:24:43.560 | And we have a lot of people that are homeless.
00:24:44.560 | And we have a lot of people that are homeless.
00:24:45.560 | And we have a lot of people that are homeless.
00:24:46.560 | And we have a lot of people that are homeless.
00:24:47.560 | And we have a lot of people that are homeless.
00:24:48.560 | And we have a lot of people that are homeless.
00:24:49.560 | And we have a lot of people that are homeless.
00:24:50.560 | And we have a lot of people that are homeless.
00:24:51.560 | And we have a lot of people that are homeless.
00:24:52.560 | And we have a lot of people that are homeless.
00:24:53.560 | And we have a lot of people that are homeless.
00:24:54.560 | And we have a lot of people that are homeless.
00:24:55.560 | And we have a lot of people that are homeless.
00:24:56.560 | And we have a lot of people that are homeless.
00:24:57.560 | And we have a lot of people that are homeless.
00:24:58.560 | And we have a lot of people that are homeless.
00:24:59.560 | And we have a lot of people that are homeless.
00:25:00.560 | And we have a lot of people that are homeless.
00:25:01.560 | And we have a lot of people that are homeless.
00:25:02.560 | And we have a lot of people that are homeless.
00:25:03.560 | And we have a lot of people that are homeless.
00:25:04.560 | And we have a lot of people that are homeless.
00:25:05.560 | And we have a lot of people that are homeless.
00:25:06.560 | And we have a lot of people that are homeless.
00:25:07.560 | And we have a lot of people that are homeless.
00:25:08.560 | And we have a lot of people that are homeless.
00:25:09.560 | And we have a lot of people that are homeless.
00:25:10.560 | And we have a lot of people that are homeless.
00:25:11.560 | And we have a lot of people that are homeless.
00:25:12.560 | And we have a lot of people that are homeless.
00:25:13.560 | And we have a lot of people that are homeless.
00:25:14.560 | And we have a lot of people that are homeless.
00:25:15.560 | And we have a lot of people that are homeless.
00:25:16.560 | And we have a lot of people that are homeless.
00:25:17.560 | And we have a lot of people that are homeless.
00:25:18.560 | And we have a lot of people that are homeless.
00:25:19.560 | And we have a lot of people that are homeless.
00:25:20.560 | And we have a lot of people that are homeless.
00:25:21.560 | And we have a lot of people that are homeless.
00:25:22.560 | And we have a lot of people that are homeless.
00:25:23.560 | And we have a lot of people that are homeless.
00:25:24.560 | And we have a lot of people that are homeless.
00:25:25.560 | And we have a lot of people that are homeless.
00:25:26.560 | And we have a lot of people that are homeless.
00:25:27.560 | And we have a lot of people that are homeless.
00:25:28.560 | And we have a lot of people that are homeless.
00:25:29.560 | And we have a lot of people that are homeless.
00:25:30.560 | And we have a lot of people that are homeless.
00:25:31.560 | And we have a lot of people that are homeless.
00:25:32.560 | And we have a lot of people that are homeless.
00:25:33.560 | And we have a lot of people that are homeless.
00:25:34.560 | And we have a lot of people that are homeless.
00:25:35.560 | And we have a lot of people that are homeless.
00:25:36.560 | And we have a lot of people that are homeless.
00:25:37.560 | And we have a lot of people that are homeless.
00:25:38.560 | And we have a lot of people that are homeless.
00:25:39.560 | And we have a lot of people that are homeless.
00:25:40.560 | And we have a lot of people that are homeless.
00:25:41.560 | And we have a lot of people that are homeless.
00:25:42.560 | And we have a lot of people that are homeless.
00:25:43.560 | And we have a lot of people that are homeless.
00:25:44.560 | And we have a lot of people that are homeless.
00:25:45.560 | And we have a lot of people that are homeless.
00:25:46.560 | And we have a lot of people that are homeless.
00:25:47.560 | And we have a lot of people that are homeless.
00:25:48.560 | And we have a lot of people that are homeless.
00:25:49.560 | And we have a lot of people that are homeless.
00:25:50.560 | And we have a lot of people that are homeless.
00:25:51.560 | And we have a lot of people that are homeless.
00:25:52.560 | And we have a lot of people that are homeless.
00:25:53.560 | And we have a lot of people that are homeless.
00:25:54.560 | And we have a lot of people that are homeless.
00:25:55.560 | And we have a lot of people that are homeless.
00:25:56.560 | And we have a lot of people that are homeless.
00:25:57.560 | And we have a lot of people that are homeless.
00:25:58.560 | And we have a lot of people that are homeless.
00:25:59.560 | And we have a lot of people that are homeless.
00:26:00.560 | And we have a lot of people that are homeless.
00:26:01.560 | And we have a lot of people that are homeless.
00:26:02.560 | And we have a lot of people that are homeless.
00:26:03.560 | And we have a lot of people that are homeless.
00:26:04.560 | And we have a lot of people that are homeless.
00:26:05.560 | And we have a lot of people that are homeless.
00:26:06.560 | And we have a lot of people that are homeless.
00:26:07.560 | And we have a lot of people that are homeless.
00:26:08.560 | And we have a lot of people that are homeless.
00:26:09.560 | And we have a lot of people that are homeless.
00:26:10.560 | And we have a lot of people that are homeless.
00:26:11.560 | And we have a lot of people that are homeless.
00:26:12.560 | And we have a lot of people that are homeless.
00:26:13.560 | And we have a lot of people that are homeless.
00:26:14.560 | And we have a lot of people that are homeless.
00:26:15.560 | And we have a lot of people that are homeless.
00:26:16.560 | And we have a lot of people that are homeless.
00:26:17.560 | And we have a lot of people that are homeless.
00:26:18.560 | And we have a lot of people that are homeless.
00:26:19.560 | And we have a lot of people that are homeless.
00:26:20.560 | And we have a lot of people that are homeless.
00:26:21.560 | And we have a lot of people that are homeless.
00:26:22.560 | And we have a lot of people that are homeless.
00:26:23.560 | And we have a lot of people that are homeless.
00:26:24.560 | And we have a lot of people that are homeless.
00:26:25.560 | And we have a lot of people that are homeless.
00:26:26.560 | And we have a lot of people that are homeless.
00:26:27.560 | And we have a lot of people that are homeless.
00:26:28.560 | And we have a lot of people that are homeless.
00:26:29.560 | And we have a lot of people that are homeless.
00:26:30.560 | And we have a lot of people that are homeless.
00:26:31.560 | And we have a lot of people that are homeless.
00:26:32.560 | And we have a lot of people that are homeless.
00:26:33.560 | And we have a lot of people that are homeless.
00:26:34.560 | And we have a lot of people that are homeless.
00:26:35.560 | And we have a lot of people that are homeless.
00:26:36.560 | And we have a lot of people that are homeless.
00:26:37.560 | And we have a lot of people that are homeless.
00:26:38.560 | And we have a lot of people that are homeless.
00:26:39.560 | And we have a lot of people that are homeless.
00:26:40.560 | And we have a lot of people that are homeless.
00:26:41.560 | And we have a lot of people that are homeless.
00:26:42.560 | And we have a lot of people that are homeless.
00:26:43.560 | And we have a lot of people that are homeless.
00:26:44.560 | And we have a lot of people that are homeless.
00:26:45.560 | And we have a lot of people that are homeless.
00:26:46.560 | And we have a lot of people that are homeless.
00:26:47.560 | And we have a lot of people that are homeless.
00:26:48.560 | And we have a lot of people that are homeless.
00:26:49.560 | And we have a lot of people that are homeless.
00:26:50.560 | And we have a lot of people that are homeless.
00:26:51.560 | And we have a lot of people that are homeless.
00:26:52.560 | And we have a lot of people that are homeless.
00:26:53.560 | And we have a lot of people that are homeless.
00:26:54.560 | And we have a lot of people that are homeless.
00:26:55.560 | And we have a lot of people that are homeless.
00:26:56.560 | And we have a lot of people that are homeless.
00:26:57.560 | And we have a lot of people that are homeless.
00:26:58.560 | And we have a lot of people that are homeless.
00:26:59.560 | And we have a lot of people that are homeless.
00:27:00.560 | And we have a lot of people that are homeless.
00:27:01.560 | And we have a lot of people that are homeless.
00:27:02.560 | And we have a lot of people that are homeless.
00:27:03.560 | And we have a lot of people that are homeless.
00:27:04.560 | And we have a lot of people that are homeless.
00:27:05.560 | And we have a lot of people that are homeless.
00:27:06.560 | And we have a lot of people that are homeless.
00:27:07.560 | And we have a lot of people that are homeless.
00:27:08.560 | And we have a lot of people that are homeless.
00:27:09.560 | And we have a lot of people that are homeless.
00:27:10.560 | And we have a lot of people that are homeless.
00:27:11.560 | And we have a lot of people that are homeless.
00:27:12.560 | And we have a lot of people that are homeless.
00:27:13.560 | And we have a lot of people that are homeless.
00:27:14.560 | And we have a lot of people that are homeless.
00:27:15.560 | And we have a lot of people that are homeless.
00:27:16.560 | And we have a lot of people that are homeless.
00:27:17.560 | And we have a lot of people that are homeless.
00:27:18.560 | And we have a lot of people that are homeless.
00:27:19.560 | And we have a lot of people that are homeless.
00:27:20.560 | And we have a lot of people that are homeless.
00:27:21.560 | And we have a lot of people that are homeless.
00:27:22.560 | And we have a lot of people that are homeless.
00:27:23.560 | And we have a lot of people that are homeless.
00:27:24.560 | And we have a lot of people that are homeless.
00:27:25.560 | And we have a lot of people that are homeless.
00:27:26.560 | And we have a lot of people that are homeless.
00:27:27.560 | And we have a lot of people that are homeless.
00:27:28.560 | And we have a lot of people that are homeless.
00:27:29.560 | And we have a lot of people that are homeless.
00:27:30.560 | And we have a lot of people that are homeless.
00:27:31.560 | And we have a lot of people that are homeless.
00:27:32.560 | And we have a lot of people that are homeless.
00:27:33.560 | And we have a lot of people that are homeless.
00:27:34.560 | And we have a lot of people that are homeless.
00:27:35.560 | And we have a lot of people that are homeless.
00:27:36.560 | And we have a lot of people that are homeless.
00:27:37.560 | And we have a lot of people that are homeless.
00:27:38.560 | And we have a lot of people that are homeless.
00:27:39.560 | And we have a lot of people that are homeless.
00:27:40.560 | And we have a lot of people that are homeless.
00:27:41.560 | And we have a lot of people that are homeless.
00:27:42.560 | And we have a lot of people that are homeless.
00:27:43.560 | And we have a lot of people that are homeless.
00:27:44.560 | And we have a lot of people that are homeless.
00:27:45.560 | And we have a lot of people that are homeless.
00:27:46.560 | And we have a lot of people that are homeless.
00:27:47.560 | And we have a lot of people that are homeless.
00:27:48.560 | And we have a lot of people that are homeless.
00:27:49.560 | And we have a lot of people that are homeless.
00:27:50.560 | And we have a lot of people that are homeless.
00:27:51.560 | And we have a lot of people that are homeless.
00:27:52.560 | And we have a lot of people that are homeless.
00:27:53.560 | And we have a lot of people that are homeless.
00:27:54.560 | And we have a lot of people that are homeless.
00:27:55.560 | And we have a lot of people that are homeless.
00:27:56.560 | And we have a lot of people that are homeless.
00:27:57.560 | And we have a lot of people that are homeless.
00:27:58.560 | And we have a lot of people that are homeless.
00:27:59.560 | And we have a lot of people that are homeless.
00:28:00.560 | And we have a lot of people that are homeless.
00:28:01.560 | And we have a lot of people that are homeless.
00:28:02.560 | And we have a lot of people that are homeless.
00:28:03.560 | And we have a lot of people that are homeless.
00:28:04.560 | And we have a lot of people that are homeless.
00:28:05.560 | And we have a lot of people that are homeless.
00:28:06.560 | And we have a lot of people that are homeless.
00:28:07.560 | And we have a lot of people that are homeless.
00:28:08.560 | And we have a lot of people that are homeless.
00:28:09.560 | And we have a lot of people that are homeless.
00:28:10.560 | And we have a lot of people that are homeless.
00:28:11.560 | And we have a lot of people that are homeless.
00:28:12.560 | And we have a lot of people that are homeless.
00:28:13.560 | And we have a lot of people that are homeless.
00:28:14.560 | And we have a lot of people that are homeless.
00:28:15.560 | And we have a lot of people that are homeless.
00:28:16.560 | And we have a lot of people that are homeless.
00:28:17.560 | And we have a lot of people that are homeless.
00:28:18.560 | And we have a lot of people that are homeless.
00:28:19.560 | And we have a lot of people that are homeless.
00:28:20.560 | And we have a lot of people that are homeless.
00:28:21.560 | And we have a lot of people that are homeless.
00:28:22.560 | And we have a lot of people that are homeless.
00:28:23.560 | And we have a lot of people that are homeless.
00:28:24.560 | And we have a lot of people that are homeless.
00:28:25.560 | And we have a lot of people that are homeless.
00:28:26.560 | And we have a lot of people that are homeless.
00:28:27.560 | And we have a lot of people that are homeless.
00:28:28.560 | And we have a lot of people that are homeless.
00:28:29.560 | And we have a lot of people that are homeless.
00:28:30.560 | And we have a lot of people that are homeless.
00:28:31.560 | And we have a lot of people that are homeless.
00:28:32.560 | And we have a lot of people that are homeless.
00:28:33.560 | And we have a lot of people that are homeless.
00:28:34.560 | And we have a lot of people that are homeless.
00:28:35.560 | And we have a lot of people that are homeless.
00:28:36.560 | And we have a lot of people that are homeless.
00:28:37.560 | And we have a lot of people that are homeless.
00:28:38.560 | And we have a lot of people that are homeless.
00:28:39.560 | And we have a lot of people that are homeless.
00:28:40.560 | And we have a lot of people that are homeless.
00:28:41.560 | And we have a lot of people that are homeless.
00:28:42.560 | And we have a lot of people that are homeless.
00:28:43.560 | And we have a lot of people that are homeless.
00:28:44.560 | And we have a lot of people that are homeless.
00:28:45.560 | And we have a lot of people that are homeless.
00:28:46.560 | And we have a lot of people that are homeless.
00:28:47.560 | And we have a lot of people that are homeless.
00:28:48.560 | And we have a lot of people that are homeless.
00:28:49.560 | And we have a lot of people that are homeless.
00:28:50.560 | And we have a lot of people that are homeless.
00:28:51.560 | And we have a lot of people that are homeless.
00:28:52.560 | And we have a lot of people that are homeless.
00:28:53.560 | And we have a lot of people that are homeless.
00:28:54.560 | And we have a lot of people that are homeless.
00:28:55.560 | And we have a lot of people that are homeless.
00:28:56.560 | And we have a lot of people that are homeless.
00:28:57.560 | And we have a lot of people that are homeless.
00:28:58.560 | And we have a lot of people that are homeless.
00:28:59.560 | And we have a lot of people that are homeless.
00:29:00.560 | And we have a lot of people that are homeless.
00:29:01.560 | And we have a lot of people that are homeless.
00:29:02.560 | I'm going all in
00:29:05.560 | you