Jason

The upper middle class has just been surging, middle class going down a bit, and people in the lower rungs going down as well.

So

people may feel like they're not making enough money, but in reality, what's happening is people feel other people have made a tremendous amount of money, which is true because of equity holdings are growing much better than salaries ever will.

And only 40%, only 50% of the country really participates in a meaningful way in equities.

The other 40, 50% don't have any exposure to that.

So how would you deal with

Somebody making $100 billion, $500 billion, a trillion dollars, and never selling their equity, or maybe not selling it for 20 years.

here we are, politics is on the table.

Incredible track record you have, but let's dive into the Democratic Party.

I'm an independent, but grew up Irish Catholic in Brooklyn.

So grew up a Democrat, probably have voted, you know, 60-40 Democrat to Republican, but always for a moderate, somebody who can get stuff done.

That's why I find you quite appealing.

But let's talk about the Democratic Party and the shellacking they got in the last election.

And specifically, what really troubled me

Biden didn't look like he was all there.

And I think we've all come to some consensus that he probably should have dropped out earlier.

But what was really disheartening to me was that they didn't do the speed run primary.

They didn't do, you know, capsule primary over that July, August period and gave you a shot and other people a shot, Pritzker, Buttigieg, whoever, to compete for the nomination.

Was that a huge mistake for the Democratic Party?

And when you look back on it,