Is This Joe Rogan's Final Form?

Added: 2026-05-07

[00:00:00]Here is Joe Rogan with Chamoth Palipaya.

[00:00:04]>> Yeah.

[00:00:05]>> Did I say that right?

[00:00:06]>> Oh, I think it's Palpatia. But >> Palipatia >> for you. That's >> just a fact. Yeah. A to That's pretty good.

[00:00:14]>> Um and uh Chth Paulatia is the guy who complained if you'll remember back when that Joe Biden wasn't uh listening to his calls. wasn't taking his the proper amount of calls from him even though he had done fundraising.

[00:00:31]And then he sort of like backed up because I have expertise and blah blah blah.

[00:00:36]He's one of these like uh tech uh guys.

[00:00:38]And here he is with Joe Rogan. And uh you know Joe Rogan is um awesome.

[00:00:46]I imagine that there are certain personalities who get very very uptight about feeling like their positions are fading in some way.

[00:00:59]>> And you know, I'm not one of these people because I never ever attained these positions. And so, you know, it's all gravy to me. Um, but for Joe Rogan, I think he feels things slipping away a little bit. maybe uh and also he may also even just have moments of recognition of just how much of a tool for billionaires he is and there's some inner conflict with like oh wait a second uh that's not who I was supposed to be who knows but here he is uh saying something that sounds very marketkedly different from what he said in the past although he also Alo uh has a huge dose of I don't know what I'm talking about embedded in this >> that sentiment that the wealthy are getting wealthier and the middle class is disappearing and the poor are being taxed into oblivion.

[00:01:55]>> Look an $80,000 a year teacher pays 40% tax. But if you're a multi billionaire pause for a second I was wondering what the overunder was on pause.

[00:02:06]>> Yeah, pretty quick. First of all, it's not a sentiment. It's simply the reality. We can see what wealth inequality is like. It is at uh like record highs and and extreme fractal wealth inequality where you have like four people who have as much uh wealth as 50% of the country. That's just insane.

[00:02:32]The poor are not being taxed into oblivion. They only have so much money.

[00:02:39]They're getting taxed on social security. But the problem is the cost of everything is too expensive.

[00:02:48]Things like health insurance, things like the cost of getting sick if I don't have health insurance.

[00:02:55]the things like um uh cars and our whole economy now. Like there are no it does not make sense for car companies to service lowincome people anymore or even middle inome people anymore.

[00:03:14]Making an economy car is just bad business because you can make luxury cars, sell less of them, get a higher margin and sell to wealthy people.

[00:03:26]And you can see that like you know this is we are 5 10 years into at least like it being explicit where ad executives are saying like no longer market to middle class people.

[00:03:40]There's no point in doing that anymore.

[00:03:42]market to the wealthy because that's where the money is.

[00:03:44]>> Yeah. Let Facebook Market handle their economy.

[00:03:47]>> Exactly.

[00:03:50]And also teachers are not getting um taxed 40%. Like they could get paid more.

[00:03:59]>> They should. Yeah.

[00:04:00]>> And they should get paid more, >> but they're not going to say that.

[00:04:04]>> I did the tax calculations for that. for $80,000 in California, it's like 15k for federal and like three something for state.

[00:04:13]>> And that's income. And then probably there's some uh uh uh social security uh tax. Although in some states um you don't get social security tax, but you get some other uh type of pension. But be that as it may, the point is pay them more or andor take things off their plate as expenses like healthcare, like in some instances housing, maybe child care. Uh we could go on and on.

[00:04:44]>> And I would just underline that this is a hundred millionaire in Joe Rogan talking to a billionaire in Sheamth Palpatia.

[00:04:51]And I should say the point of this is is that, you know, I saw somebody on Twitter point out like uh this reconciliation bill by the Republicans is going to cost $70 billion and there's no um there's no offsetting of that. It's just going to increase the deficit.

[00:05:11]And somebody else said, you know, every time Republicans are in office, they increase the deficit. Whenever uh Democrats are in office, they shrink the deficit. And yet people have this perspective that uh Republicans are more responsible economically.

[00:05:28]And the reason is is because rich people complain about the deficit. Normal people don't really have an opinion on it. That narrative is shaped by rich people and they're not concerned about the deficit. They want to cut spending so they can cut taxes.

[00:05:50]And not just to cut taxes, they want to uh reduce spending because it also leaves people more um it changes the power dynamic when it comes to being in uh to employing them. If I cut spending on health care, guess what? People are going to need my job more desperately.

[00:06:12]And if they're more desperate, then they're going to be cheaper. So, it's like a a twofer. And these guys are complaining about taxes on lowincome people or middle inome people because they don't want to talk about spending more because that would raise taxes on them.

[00:06:27]>> Go ahead.

[00:06:29]>> And the middle class is disappearing and the poor are being taxed into oblivion.

[00:06:34]>> Look, an $80,000 year teacher, which is rare, is 40% tax. But if you're a multi-billionaire, most of your wealth is not W2 wages.

[00:06:45]It's cap gains. But there's all kinds of ways to shelter cap gains. There's all kinds of ways to defer. And so even though you pay more on an absolute dollar basis, on a percentage basis, you're paying way way less. And all of those tricks have been exposed.

[00:07:02]They've all been exposed. These are all mechanisms that were that were, you know, invented from the 1980s to now, right? By all the by all the banks and all the folks that wanted to come to folks that had wealth. And so it's it's and it's all known and I think people are kind of like, "Hey, hold on a second. This just doesn't feel fair anymore."

[00:07:23]>> Absolutely. But >> the other problem with that is >> if you do tax correctly, >> where does that money go and who's managing it? And ultimately, who's managing it is the federal government.

[00:07:38]and they have been shown to be completely inept at managing your money correctly. The fraud and the waste is off the charts. The amount of NOS's >> Pause it for a second. I just want to make it clear that what he's talking about is completely >> He would show the charts that it's off the charts.

[00:07:58]>> It is it is complete the fraud and waste in Medicare for instance or social security which are the two biggest by far. They represent I don't know nearly half of what the government does.

[00:08:21]The other half is um war machine and Pentagon.

[00:08:29]So, if you want to if you want to cut uh waste and fraud, the defense budget is is where you go first. But if you want to compare the rate of fraud with social security and Medicare to name a freaking business, name anything in the private enterprise.

[00:08:56]What about the absolute waste that a guy doing exactly the same job as me is getting hundred million dollars a year for it?

[00:09:08]How is that not waste?

[00:09:13]>> I mean, I know he's generating more profits for a corporation, but >> Oh, yeah. All these seems pretty wasteful. these capitalists that have put all this money into AI. They really know how to manage uh our economy.

[00:09:25]>> Oh, what about the streaming investments, the billions of dollars in streaming investments that people just sort of like we got to have a strike?

[00:09:35]We've got to create a writer strike so that we can cancel all our contracts and start to make back the money that we wasted in streaming. You want to talk about fraud and waste, document it. Like the the even the the the discretionary budget relative to uh Social Security and Medicare.

[00:09:58]I mean, just Medicare alone, 3% 3 cents of every dollar is used on administrating uh Medicare.

[00:10:07]20% of every dollar is used to administer private health insurance.

[00:10:13]That's before you look at fraud.

[00:10:16]So don't tell me there is 17 cents plus fraud on Medicare to make it even equivalent to what you're paying on administrating health insurance that nobody likes.

[00:10:32]>> Go ahead.

[00:10:34]It is the federal government and they've been shown to be completely inept at managing your money correctly. The fraud and the waste is off the charts. The amount of NOS's that have insane amount of funds at their disposal. I mean, all this is exposed by Doge, right? And you realize like how much fraud and wast you talking about.

[00:10:58]>> Oh, his buddy Elon Musk did Doge. You don't remember this?

[00:11:01]>> Oh, yes. His buddy Elon Musk. Uh, incidentally, not only did Doge not, uh, we just had a guy on from the USA aid who, uh, said, you know, they just wholesale got rid of stuff that either, uh, just by doing a word search on contracts, they've destroyed the IRS. That's why, incidentally, your uh, your uh, refund check is is late.

[00:11:27]They got rid of the free filing on the IRS. For every dollar that you spend on the IRS, you get anywhere from $5 to $7 back in tax enforcement. And they cut all those agents.

[00:11:41]>> They've cut agencies. We're going to be paying for that forever. And incidentally, we should also tell you >> that the budget, the cost of these agencies went up because of the way they did it. So there was no savings. There was no fraud and waste. I'm sorry. That is a myth. Now granted, they're friends and I get it.

[00:12:03]I don't want to say that like, you know, Bob's Burgers is not a good show. Uh, you know, cuz my friends are on it. I mean, and occasionally I'm on it, too.

[00:12:15]It's a great train. But, uh, so I get it. I get it. But I'm just not a fan of animation. Keep going.

[00:12:25]>> That have insane amount of funds at their disposal. I mean all this is exposed by Doge, right? And you realize like how much fraud and waste there is and how much money. So the solution being tax people more >> that doesn't sit with a lot of people because it's like well where where is it going and who's managing it? If if the federal government was being forced to handle money the same way a private company does. If it was all out in the open, everything was exposed. What >> do you mean a public company?

[00:13:01]>> Well, first off, he means a public company, but um first of all, like all of that information is available. Like this is the this is the this is the fiction that they talk about. Like we didn't know where the US ID money was going. Yes, we did. It's just you didn't know it. I also like in the same way you could say like well um you know Amazon puts out a shareholders report that's available to the public. Well yeah but I don't know where they're spending their money. Yes, you have exactly the same access to where the government is spending the money. It's just as available as any other business.

[00:13:46]I mean much more available than say the information about Cargill which is the largest private company in the United States and all the um supply chain stuff that is just proprietary because they're not publicly traded.

[00:13:57]>> It's just absurd or >> that doesn't sit with a lot of people because it's like well where where is it going and who's managing it? If if the federal government was being forced to handle money the same way a private company does. If it was all out in the open, everything was exposed, they would have gone bankrupt a long time ago. They would have gone under a long time ago.

[00:14:24]There's no way they would have been allowed to function the way they are.

[00:14:28]The people that are managing that money would have all been put in jail. There's not a chance in >> for a second. First off, like I don't even know what he's saying in some ways.

[00:14:37]like he's just like combining words that don't really mean anything. But it's literally a business model to go in and load up a company with so much debt, extract all the wealth from it, and then walk away from it. Uh that's what >> private equity, >> private equity does on a daily basis.

[00:14:53]>> Yeah. Toys R Us leverage >> Toys R Us. I mean, it's just a you can just keep naming and naming and naming over and over again.

[00:15:00]They're all extractive.

[00:15:03]Like who's walking away with this money that he thinks is being fraud and waste?

[00:15:08]>> Is he talking about Trump's scams at all on his show?

[00:15:12]>> I would imagine not. But like who who who is walking away with this money? Does he think that government bureaucrats are walking away with this money?

[00:15:27]To the extent that there's fraud and waste, it is private entities defrauding the government.

[00:15:34]>> You sure it's not all going to a drag uh queen story hour?

[00:15:38]>> Exactly.

[00:15:40]>> All of those billions of dollars in the uh drag queen uh story hour industry.

[00:15:48]>> Giving them more money is going to solve anything. They're going to find more ways to put more of that money into NOS's. that puts more of that money into Democratic coffers and Republican coffers, they're going to figure out a way to funnel that money around where it's not going to benefit people.

[00:16:05]>> I mean, like business is specifically to enrich people.

[00:16:13]>> Yeah.

[00:16:13]>> And he's saying that um there's a shadiness where people are being enriched in some way, but if you ran the government like a business, then it would be better. This is just absurd. A businessman's running the country right now. How's it going?

[00:16:27]>> It It's just absurd. It is so >> so efficient and uncriminal >> and but it does serve one specific cohort of people.

[00:16:38]The idea that like well we would pay more taxes if I you know those of us who don't want to pay more taxes and again the whole conversation was this guy's like steering it towards we need to tax the rich more. Mhm.

[00:16:51]>> Now, of course, like I think we would differ as to how much uh and and Rogan says that's an okay idea, but but I'm not so concerned about the taxation.

[00:17:04]I'm concerned about the how the money's being spent. That's really what my uh problem is. But uh I don't know a year ago, two years ago, this is what he had to say about my uh suggesting to the Patrick Bat David crew that we should return to the tax rate from 1950s and early 60s where for every dollar above $470,000 that was in you know those things it would be about three million Today you pay 90 cents of that dollar in taxes. Top marginal rate. You don't pay 90% of 3 million. The first 3 million is subject to just a uh tax rate that is I don't know whatever it is 32% now or whatever it is.

[00:18:00]And uh but then if you make over 3 million it starts to become a little bit confiscatory. And this is what he said at that time >> because you're not going to achieve effort equality people. There's there's certain people are just going to always work harder than other people. This idea of like we need to redistribute. I was watching this maddening conversation where this dork was trying to say that all money over $3 million that a person makes should be taxed at 90%.

[00:18:27]Like that's great for you to say cuz you're never going to make $3 million you idiot. But that's so stupid.

[00:18:32]The idea behind is so stupid. The the understanding where that money goes is so stupid.

[00:18:41]>> I guess I'm a dork.

[00:18:43]dork.

[00:18:44]idiot dork.

[00:18:47]>> The one that tax my money above $3 million.

[00:18:49]>> You can't speak to this cuz you're not going to make $3 million a year.

[00:18:53]>> You're not going to sell a a flim flam quackery pill company to unilver.

[00:18:58]>> Yeah.

[00:18:59]>> I mean make three million making people eat worms.

[00:19:03]If I can't talk about what the tax rate should be on people making $3 million a year, how the f does he have the right to talk about what the government does?

[00:19:13]He doesn't work for the government. You dork.

[00:19:19]idiot.

[00:19:20]>> Watch the conversation with this dork. He's didn't even know how progressive taxation works.

[00:19:24]>> Hey, dork. Spotify is not the US government, idiot.

[00:19:31]Now you want to talk about people who know how to allocate capital. It's Spotify, which exactly get people to pay for music, pay none of the musicians, and then pay lossers like Joe Rogan.

[00:19:39]>> I'm still listening to Michelle Obama's podcast every day.

[00:19:44]>> I mean, I like to get both sides. I get Michelle Obama and Joe Rogan.

[00:19:49]>> Oh, shoot. 240, by the way.

[00:19:53]>> Sam got some sleep last night.

[00:19:55]>> Yeah, >> you're on fire today.

[00:19:56]>> Yeah, we're all screwed.

[00:20:00]>> All right, folks. I'm sorry. I only took one phone call, but you hear I'm I'm getting a little pressure from the uh that sound is uh indicative of the phone portion of the program ending. I I I told you at the beginning of the show, I was so determined to take a bunch of phone calls.

[00:20:21]I screwed up. And Friday, I won't have a chance to take phone calls because we got Graham Plat coming on.

[00:20:30]Um, >> I don't know. Maybe I'll do some type of like just phone call show. I always say that.

[00:20:39]>> Take phone calls with Grim.

[00:20:41]>> Huh? Oh, that's a good idea.

[00:20:43]>> Yeah, >> maybe we will do that.

[00:20:44]>> The stealer from Haideker.

[00:20:46]>> How's your What's your name? Where are you calling from?

[00:20:48]>> You saw that Tim did that, right? They had they had like >> Oh, no.

[00:20:52]>> They had like uh audience questions for Graham.

[00:20:54]>> Oh, they did.

[00:20:55]>> See that? Oh, >> great minds.

[00:21:01]Honestly though, let's be honest. My Alex Jones impression is better than his.

[00:21:06]>> Yes.

[00:21:07]>> Right.

[00:21:08]>> Right. 100%.

[00:21:09]>> Wow.

[00:21:10]>> Shots fired.

[00:21:10]>> Never got a check from Tim Hedker.

[00:21:12]>> Yep. There you go.

[00:21:16]>> Hey folks, don't forget to hit the subscribe button and check out our daily show. We do it every day at 12:00 p.m.

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