Chamath

So let's go for it. In related news of our government burning our money, Raw broadband, rural broadband and EV charging, $42 billion and $7.5 billion, almost $50 billion combined. Let's just go over these two programs real quickly here. Both were part of the $1.2 trillion infrastructure bill in 2021.

So let's go for it. In related news of our government burning our money, Raw broadband, rural broadband and EV charging, $42 billion and $7.5 billion, almost $50 billion combined. Let's just go over these two programs real quickly here. Both were part of the $1.2 trillion infrastructure bill in 2021.

$42 billion carved out to provide high-speed internet to people living on farms in rural locations. $7.5 billion carved out to build 500,000 EV chargers over 10 years. It's been 1,000 days since the bill was passed, so let's check on the progress. Zero people have been connected, according to FCC Commissioner Brendan Carr. And eight.

$42 billion carved out to provide high-speed internet to people living on farms in rural locations. $7.5 billion carved out to build 500,000 EV chargers over 10 years. It's been 1,000 days since the bill was passed, so let's check on the progress. Zero people have been connected, according to FCC Commissioner Brendan Carr. And eight.

One, two, three, four, five, six, seven, eight EV chargers have been built as of May, according to AutoWeek magazine. What's even crazier, private industry already solved these problems. United Airlines just announced they're putting Starlink on a thousand of their planes and they're going to offer it for free. And Starlink now has 2,500 planes under contract. with a bunch of other airlines.

One, two, three, four, five, six, seven, eight EV chargers have been built as of May, according to AutoWeek magazine. What's even crazier, private industry already solved these problems. United Airlines just announced they're putting Starlink on a thousand of their planes and they're going to offer it for free. And Starlink now has 2,500 planes under contract. with a bunch of other airlines.

And in the second half of 2023 alone, the private sector built over a thousand charging stations in the US. These are two problems that have already been solved, Sax. Why are we burning $50 billion in the future with On things that have already been solved. We've solved for this. I own electric cars. I have Starlink.

And in the second half of 2023 alone, the private sector built over a thousand charging stations in the US. These are two problems that have already been solved, Sax. Why are we burning $50 billion in the future with On things that have already been solved. We've solved for this. I own electric cars. I have Starlink.

Graft. Keep going. I mean, you tell me. Corruption, graft, buying votes from your constituents?

Graft. Keep going. I mean, you tell me. Corruption, graft, buying votes from your constituents?

Incompetence, yes. Yes.

Incompetence, yes. Yes.

Well, there's a couple of things going on here. So one is typical government waste, fraud, and abuse, where they've allocated 42 billion for rural internet, haven't hooked anyone up, and we could spend a fraction of that giving people Starlink. and allowing the private sector to do its job.

Well, there's a couple of things going on here. So one is typical government waste, fraud, and abuse, where they've allocated 42 billion for rural internet, haven't hooked anyone up, and we could spend a fraction of that giving people Starlink. and allowing the private sector to do its job.

And why even pay for its tax? Why are we paying for it if it's available for 100 bucks?

And why even pay for its tax? Why are we paying for it if it's available for 100 bucks?

That's the baseline. But it's worse than that. Because on top of the waste, fraud, and abuse, and the fact that the government is grossly incompetent and inefficient, you also have naked political retaliation going on here.

That's the baseline. But it's worse than that. Because on top of the waste, fraud, and abuse, and the fact that the government is grossly incompetent and inefficient, you also have naked political retaliation going on here.

Yeah, exactly. And Brendan Carr, who's an FCC commissioner, pointed this out. He said that in 2023, the FCC canceled or revoked an $885 million contract with the company by claiming Starlink is not capable of providing high-speed internet. Then a year later, of course, that was a lie.

Yeah, exactly. And Brendan Carr, who's an FCC commissioner, pointed this out. He said that in 2023, the FCC canceled or revoked an $885 million contract with the company by claiming Starlink is not capable of providing high-speed internet. Then a year later, of course, that was a lie.