David Sacks

Let's just do the statistics.

California Governor Newsom has proposed a $349 billion budget this year in the state.

That's up from $209 billion, so almost 2x, 60%, 70%, 80% more, 75% more than the year before COVID.

And that's up from $110 billion 10 years prior.

So we went from $110 to $350, $3.5x is how much we're spending since, you know, it feels like yesterday, like just a couple years ago.

Despite having the nation's highest tax rates, the largest revenue base,

We're still looking this year at a $35 billion deficit, California state budget.

What happened?

Like, how did this get so bad?

And how much of this do you think is this term of fraud, waste, you know, abuse?

Can you do that with restructuring zero-based budgeting as governor?

Or do you need to do this in partnership with the legislature that all has their special programs that they fired up where money's flowing to their local county, money's flowing to their friends, money's flowing to their donors?

How do you actually execute this?

What you're saying is starkly different from what others are saying.

And one of the biggest points that others are making right now is that they want to increase programs and increase spending, particularly in health care.

So what's your view on government provided health care?

Should all health care in California be free?

There's a big movement, a big legislative effort to try and make this the case.

Does this make economic sense?

Can we afford it?