David Sacks

We don't have a rail.

We don't have anything.

Is it lawyers that made $14 billion?

You mentioned contractors.

Is this just like there's a whole bunch of people that are all making 20, 30 grand and it all adds up to 14 billion?

Just help me understand where my money went.

like the grandmaster thief of California that's taken all the money.

And then it's just like the dysfunction is just like everyone's getting a little piece of it.

Well, let me also ask about legislation.

If you look at Washington, DC, we have our nation's Congress, the House and the Senate, and there's Republicans and there's Democrats, and they fight.

And they fight so much, they don't get anything done, which by the way, may be a good thing.

Because in California, the legislature passes hundreds and hundreds of bills a year.

and they all come from one party, the Democrat Party.

Gavin Newsom, on average, vetoes 15 to 20% of these bills every year, which says something.

but maybe you can just explain a little bit your view on how are all these laws getting passed in California?

How does the legislature in Sacramento, where you're vying for a seat to have the right to veto and the right to push back, how are they making decisions and what's motivating the California state legislature?

The irony is that sometimes it may be the case, and I think it's very often the case, that less government solves the problem better than more government.

Trying to do more to create housing may make housing more expensive.

Sounds ironic.

Trying to do more to make education accessible makes education more expensive.