Chapter 1: What is the main topic discussed in this episode?
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All investments involve risk, including a potential loss of principal. Past performance is not indicative of future results. This is a paid advertisement. Today's number one. The United Arab Emirates will send its first ever athlete to the Winter Olympics this weekend. An alpine skier who learned to ski in a Dubai shopping mall. True story. I absolutely love the Winter Olympics.
It's the first time where I can scream at a woman, sweep harder during the curling event and not be called a sexist.
Listen to me. Markets are bigger than us. What you have here is a structural change in the wealth distribution. Cash is trash.
Stocks look pretty attractive. Something's going to break. Forget about it. What do you think, Ed? You didn't really give me time to laugh. Just immediately, what do you think? You got to give it a moment. This is what they teach you in comedy school. You got to wait a beat and wait for the audience. Is that what they teach you in comedy school?
You're talking to most comical at university high school. So, and bitch, the reason I was a virgin until 19 and not till 40 is because of this rocket sense of humor. You can always improve. You can always be better no matter how good you are. Well, the Winter Olympics play an important social role.
It's important that there's a sport or an event where only white people are allowed to play that sports that no one else can afford to learn. That's true. That's not a joke. That's just a fact. That was social commentary in the form of humor. How are you, Ed? I'm doing very well.
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Chapter 2: How has the Trump administration impacted affordability in America?
How are you? I'm fucking exhausted. I'm doing this. I don't know if you've heard, but I've kind of started a movement. And I'm about to go on Jake Tapper. And then, anyways, I unsubscribed. I know you want to know more about me. I unsubscribed from Uber last night. And, by the way, I love Uber. This is a tough one.
And when you unsubscribe, which I'm sure you've already done as you want to be part of this movement, and not just virtue signal all the fucking time, you little hipster Brooklyn sandal-eyed weirdo. But... I unsubscribe from Uber, and the last screen you see, it tells you how many Uber Eats you've ordered and how many Uber rides you've taken.
Okay, guess how many times I've ordered from Uber Eats. I think it's gotta be like 1,000. Am I going too high? 37. I'm not a big food delivery guy. And I usually use Caviar for some reason. I'm used to Interface. In the last 10 years, how many Ubers have I taken? That's got to be over 1,000, for sure. 3,756. And I did some research. All right. So this is what big tech does.
Big tech comes in with a value proposition where they charge you $20 for an Uber that costs them $40. They try and consolidate the market, and then they slowly but surely start raising prices. So I take Uberlux. The average Uber Lux ride in 2015 was between 40 and $60.
Today, by the way, Uber has raised its prices once they consolidated the market, seven to 10% a year, twice or triple times the rate of inflation. Now the average Uber Lux ride is 80 to $120. So 350 rides a year at an average price of about a hundred bucks, because I'm usually going back and forth from the airport. I am spending every year, $35,000 on Uber. That's true.
And I realize this is a story of privilege, but what I've decided is I canceled... Clip that now. I canceled Uber. I've been taking the tube and the subway in New York, which are incredible. I don't know if you knew this, but there's tunnels underground and these cars go through them on tracks and they get you where you need to go for like two or three bucks.
They're just, they're really, they're seriously amazing. Some... Some weird people and also the people aren't that hot on the train. That's the only thing I would suggest fixing. We need more hot people on the trains. Yeah, they could make like a hot girls train maybe. That would fix things. We're hot dudes. I'm fine with the hot guys. I go to Equinox. At this point, I just want hot.
So I figured out with the money I'm going to save, no joke, I could lease, including parking and insurance, with the money I'm going to save having canceled my Uber account, I could lease... a Mercedes G-Wagon, the new BMW i7, or a Range Rover with the money I'm saving. This is all a long-winded way of saying go to
Resist and unsubscribe, and you will find out just how much money you are spending on different tech platforms that have slowly but surely increased their pricing, and you don't realize how much it's costing you. Anyways, I'm getting... Just to really stick it to the man, I'm going to go buy a Range Rover. But here's the question, because... I mean, how are you getting around?
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