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The Formula for Building America's Happiest City: Miami Mayor Francis Suarez | All-In Live

June 03, 2025 / 24:03

This episode features Francis Suarez, the 43rd mayor of Miami, discussing homelessness, drug addiction, economic growth, and urban policy. Key topics include Miami's low homelessness rates, the impact of addiction on the homeless population, and innovative solutions for urban challenges.

Francis Suarez shares that Miami has reached an 11-year low in homelessness, with 546 unsheltered individuals recorded. He emphasizes the importance of addressing addiction as a major factor contributing to homelessness, noting that over 80% of the homeless population struggles with mental illness or substance abuse.

Suarez discusses Miami's economic success, highlighting the city's low unemployment rates and high median wage growth. He argues that keeping taxes low and fostering innovation are key to maintaining a prosperous environment, which in turn reduces social issues.

The mayor also addresses the challenges of rapid growth, including rising housing costs and traffic congestion. He advocates for innovative transportation solutions and regulatory reforms to streamline urban development.

Suarez concludes by reflecting on the importance of empowering city employees to innovate and adapt regulations to meet contemporary needs, emphasizing that successful governance requires a proactive approach to problem-solving.

TL;DR

Francis Suarez discusses Miami's homelessness, drug addiction, economic growth, and urban policy challenges in this episode.

Video

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43rd mayor of Miami. Served two terms
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since 2017 and his tenure is going to
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end in September because he's term
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limited. Although I hear these days
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that's flexible. Please welcome Francis
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Suarez. We're ranked the happiest city
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in America, the healthiest city in
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America. The formula for success is
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simple. Keep taxes low. Keep people
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safe. Lean into innovation.
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How are things going in Miami?
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Obviously, you know, we talked to you a
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couple years ago when we had our first
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all-in summit here and uh you had a
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nonsense approach that you thought was
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going to work with the homeless
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challenges that we're seeing. I think
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candidly we discussed a large portion of
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the homeless problem in these major
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cities is an addiction problem and you
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know giving a junkie a home doesn't
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exactly get them off the street. It just
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doesn't work. And you've you were one of
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the first people to say that plainly.
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How are you dealing with it? Has it
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gotten worse? Is it an intractable
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problem? Yeah. Take us through it. So,
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in homeless specifically, we are at an
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11-year low. Uh we did our census, we do
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two census a year. We do one in uh
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January, one in in the summer. And our
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our January census had us at an 11-year
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low. We had 546 homeless, unsheltered
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homeless in the entire city of Miami. Um
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we have a couple thousand sheltered. And
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uh I actually raised money on an annual
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basis uh as a mayor's ball. I I did my
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mayor's ball last year and this year
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I'll be doing it in May 31st to end
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homeless. We want to be the first major
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American city to have zero homeless and
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we think we can get there. We call it
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functional
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zero and and and and frankly the the
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strategy is not that complicated. You
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know, obviously there's a macroeconomic
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strategy. We have the lowest
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unemployment in America. We have the
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highest median wage growth in America.
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We I lower taxes to the lowest level in
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history. And we've seen 140% growth in 9
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years. So, the economy is robust. We
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were ranked the happiest city in
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America, the healthiest city in America.
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Frankly, if you're happy, you're healthy
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and you're working, you're probably not
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homeless. And then, of course, we've
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done innovative things in the homeless
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space. We've worked with um charitable
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organizations that uh help people
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reunify families if they live in other
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parts of the country. And also, we rent
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homes so that we can get around the
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building process and give all the same
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wraparound services, but we we sort of
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hack through that process. Those 500
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individuals um who are categorized as
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homeless. Yeah. How many of them are
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suffering from mental illness andor
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self-medicating slashaddicted to drugs?
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A very high percentage. Um I would say
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80% plus, right? And that's sort of
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anecdotal. Um but when I and I've been
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out to the streets, I'll I'll I'll be
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out there before my my homeless ball now
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on May 31st. I'm actually going to spend
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a night out on the street. Um and when
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you talk to them, when you engage in
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them, a vast majority of them are
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unfortunately. Okay, so let me double
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click on that. this problem wasn't as
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acute before the super drugs meth like
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the the serious meth um well the really
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serious ones they're making now and
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fentinyl right these this combination
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seems to be you know we had people
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addicted to heroin like Miles Davis and
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like Philip Seymour Hoffman who produced
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incredible art and were addicts for 30
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years and they and they went in and out
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of it but this drug is pernicious
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different deadly super addicting how
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much of the problem are those two drugs
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specifically if you double clicked on
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it. A big part of the problem heroin or
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opioids. He's asking for a friend by the
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way. Just not I'm asking if you have a
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hookup. Clearly. No, but I'm I'm being
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deadly serious because we we had these
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homeless individuals in New York, you
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know, back in the day in the 70s ' 80s.
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They were kind of like um hobos and
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vagabons, not seriously addicted, you
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know, suffering where they're folding
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over and curled up in a ball from
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fentinel. Well, well, to your point, I
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mean, meth and and and uh the opioids
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are incredibly addictive and they're
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very hard to to to beat, right? I mean,
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even people who are are wealthy and get
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addicted to these drugs have a very hard
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time um the recidivism rate is very high
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and so uh you know, you just had Antonio
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on here a minute ago and he was talking
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about, you know, immigration and the
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border and one of the big problems with
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the border is the tens of thousands of
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people that die annually because of
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fentinel that gets imported through
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China and through our border. And so uh
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there's a tie-in, right, between federal
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policy and and local policy. But for us,
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um again, uh in 1980 during the the
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cocaine era, right, different drug, uh
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we had 220 homicides. So you had drugs
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hurting people, but you had the business
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of drugs very much hurting people,
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right? Last So we started recording
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homicides in 1946 in Miami. 1946, we had
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32 homicides. From 1946 to today, the
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lowest number we ever had was 24. Last
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year we had 27. Wow. Okay. We had 220 in
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1980. This year we're trending below the
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24. So we may this may be the safest
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year in the history recorded history of
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Miami. Can you connect those dots there?
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Like I think I think when people think
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about social policy, everybody confuses
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the correlation and causation. Yeah. But
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you've been in the seat now for a long
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time. Yeah. So you've seen what hasn't
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worked, what has worked, what maybe has
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been correlated, but if you had to sort
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of like lay out the road map for other
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cities, but frankly for other states,
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the rest of the country, what's the road
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map? The Francis Suarez road map. The
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formula for success is simple. Keep
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taxes low, keep people safe, lean into
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innovation,
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right? Can we just double click into
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those? Of course. I can double click on
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each one of them. Let's take the other
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side of these things just to help the
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conversation because I believe in them
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but let's try to steal man the other
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side. Sure. Keep taxes low. What people
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say if you look at California and if you
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look at New York what they would say is
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we have a duty to invest in the social
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services and the infrastructure to
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support everybody that isn't necessarily
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as well or didn't get the right side of
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luck and we need to raise taxes in order
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to generate the revenues to fund that.
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My my counterargument would be
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government is not a good purveyor of
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those services. It's not an efficient
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purveyor of those services. So, so ju
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just to double click, right? I lowered
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taxes to the lowest level in history and
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I and I took the city in 2009 as a
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councilman in out of bankruptcy. So, I
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got it in bankruptcy. We decided this is
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sort of the Doge before Doge. We decided
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not to raise taxes. We cut cost. We we
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cut, you know, we didn't we didn't let
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anyone go, but we had tiered salary
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cuts, pension reform, and we balanced
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our budget, and we had 10 years of
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prosperity. And that prosperity led to a
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tripling of the size of our government.
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So we went from a $500 million
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government to a billion half dollar
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government while lowering taxes. So we
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we grew 200%. Right? So the the the
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resources that we had to dedicate to
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these actually went up even though taxes
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went down. And then uh you know uh when
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you have a place where there's
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prosperity and where people are
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investing and where people are employed,
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they're obviously not there's not as
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many social problems. So they're not out
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there killing people. um they're not out
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out there hurting people. So the 1980s
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we had you know we were one of the mur
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murder capitals of America and we're now
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one of the safest big cities in America.
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And then I think you know the the how
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can I help moment that you guys are all
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familiar with was this juxtiposition
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with what American cities were doing
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right famously New York competes for and
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wins the Amazon HQ2 prize right and then
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rejects it. Rejects it. Yeah. And and
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and also famously in California, you had
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a I guess it was a legislator that said,
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"F Elon Musk." Yeah. Elena Gonzalez.
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Exactly. And she and he replied,
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"Message received." And he left. And
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then she went to run a union, right? Is
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that where she ended up? Yeah. I think
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she went to work for a union. She's the
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CEO of one of the big unions now. But
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the issue is what I tell people is look,
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it's it's bad enough to kick out a
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trillion dollar company from your city
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or the richest person arguably in the
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world from your city. But think about
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the the signal. The signal to me is much
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much greater, right? The signal is if
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you want to bring another headquarters
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or if you want to be another company, we
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just got FC Barcelona two days ago. We
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announced that FC Barcelona moved their
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headquarters from New York to Miami,
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right? Every single day um we announced,
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you know, 900 million dollars of loans
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in two projects in the last two days in
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two buildings, you know, our stadium,
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our Inter Miami stadium. We have the
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FIFA World Cup headquarters for 2026 in
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the in the world, right? So, I mean,
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this formula for success, it seems
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simple, other cities are getting it
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wrong completely backwards, right? their
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taxes are high, it's not safe, and
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they're not leaning into they're
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rejecting innovation. Are there are
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there downsides to growing this fast?
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Like are there things that have to keep
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up that are harder to change like
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building code, housing density, you
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know, those sort of cost of living
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things like have those have you guys
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been able to drive reform there or is
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that is that not where you wanted to be?
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So Ken Griffin recently was interviewed
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in a fireside chat like this and said,
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"I'd rather have the problems of success
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than the problems of failure." And so
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there's no doubt that there are problems
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that stem from success, right? And
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housing prices, you had a tremendous
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amount of inflation in the last
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administration and you you you sort of
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couple that with hyper demand here in
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Miami and you get hyperinflation, right?
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So housing costs have certainly gone up
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significantly. And we do everything we
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can to leverage public dollars and
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public assets like land to try to build
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projects at a 15 to1 or 20 to1 leverage
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rate. So for $100 million invested,
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we'll get $2 billion worth of projects.
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Um, there's a 5 million h, you know, 5
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million housing shortage across the
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country and Miami has its fair share
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just like any any other major city.
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Traffic, I know none of you guys have
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experienced any bad traffic this last
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few days, right? I was in the car two
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two hours and 40 minutes going over to
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that. I'm not going to I'm not going to
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tell you how far along we are with the
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Boring Company on trying to find
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underground boring systems or with some
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of the EV toe companies that we're
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working with. But I do think that
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transportation generally has to sort of
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turn the page from, you know, last
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generation's archaic um solutions to
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next. How did you get that train that
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what do you call it? The sunshine line
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or something. Bright line. Yeah. The
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Bright Line. Yeah. How did you get that
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done so quick? And everybody says it's
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the greatest thing ever. That's a
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private sector project uh that was done
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by company. Um we had a piece of it
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which was we did a piece from with Tri
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Rail to bring it into the station. And
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when we did that piece, we made it free
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for inner city residents to be able to
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use. So it was something that I was very
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proud of was part of my legacy. So a
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private company built it, correct? You
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gave them the right of way. They bought
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the right of way. So it was totally
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private. So look, we have microobility
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options that are private like scooters.
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So all you did was just not get in the
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way. Exactly. Shocking. By the way, what
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an idea. Let me Yeah. Let me let me ask
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you
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h how how can It's like the hypocratic
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oath. Do no harm. Do no harm. How can
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mayors address they they come into
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office with a reform motivation and
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they're elected on, hey, we've got to we
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don't have what what Miami has. We got
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to fix this. We got to get get the city
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working again. We got to attract
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business. We got to track growth. And
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they inherit this regulatory morass,
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this massive infrastructure. Like San
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Francisco recently, I I I got all caught
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up in the fact that you can't put these
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phone booths in your office. You know, a
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lot of startups, I don't know if any of
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you guys have these, these these phone
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booths, you got to have someone go in
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and make a call. You put the phone booth
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in. And all my startups, all the
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companies I've been involved in, you
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can't put one in San Francisco. So, you
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you put these phone booths in and then
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you can go in and make calls. So, when
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everyone's in an open desk
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configuration, but you got to do a
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private call, you hop them in. Everyone
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loads up their offices with these phone
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booths. In San Francisco, they're
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illegal. Turns out that you need to run
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you and there's a piece of paper, which
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I was actually going to tweet because
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it's insane. It's like three pages long.
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All the things you need to know about
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the phone booths that you want to put in
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your office. You got to get an architect
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review, an engineering review, a design
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review. You got to get sign off from the
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engineer. You got to submit the
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permitting fees. It gets reviewed by the
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city inspector's office. You got to
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design fire sprinklers that have to go
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into the phone booth. That's nuts. In
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case there's a fire in the phone booth,
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someone needs to put out the fire in the
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That's hilarious. So, I was talking I
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was talking to some folks about like
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what are you going to do about this? But
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the mayor's kind of like, I don't know
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if there's enough action that I can take
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because it's it's it's in law that
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there's all this kind of regulatory
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stuff. How do you advise mayors that are
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stuck with this sort of an environment?
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And this is not just San Francisco.
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There's a lot of big cities in this
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country that have books and books of
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this stuff. And we can talk about
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philosophically why this has happened,
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sociologically why this has happened.
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Books and books of this stuff where the
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city can't get out of the way. What do
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the mayors do? when you guys get
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together like is there any advice or are
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we stuck like what's the what's the
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solution? We're not stuck. I I I think
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it it's cultural right at some level you
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have to inculcate a culture where you
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empower your employees to innovate and
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and to to uh you know deconlict. I think
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uh when people come to me with a problem
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I say look first first issue is if
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there's something that's blocking it
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that doesn't make any sense why don't we
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just change it? We're legislators.
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That's what we do. We legislate so we
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can fix it. uh maybe it happened maybe
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it made sense 20 years ago maybe it made
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sense 50 years ago doesn't make sense
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today let's just change it I think
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regulation is the is the other side of
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the coin from innovation right so
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regulation is telling you what you often
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times what you can't do or or how to do
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something innovation is to protect loss
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it's sort of a first principles thinking
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we're going to we want to do this right
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we we want to make this work and I think
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uh I always not always but I regularly
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fall on the side of innovation and I
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think you you you as a public official
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frankly who's elected by the people
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really are the one that has to push the
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bureaucrats, the bureaucrat class,
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right? The bureaucrat class, they get
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very accustomed to saying no. They're
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riskaverse. Um, you know, they're not
00:13:25
incentivized often times, right? There's
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no incentive structure that says, "Hey,
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if you innovate, you're going to get X
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or Y or Z." And then I think the third
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piece of it is artificial intelligence.
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I really feel that there's a
00:13:35
breakthrough that's going to come and
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it's not just in transportation. We're
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talking about EV tools and and
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underground boring and all that, but I
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think in
00:13:42
in zoning codes and and all that, it's
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it's going to be computer to computer,
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right? So the codes are all
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straightforward, right? We have the same
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code for 15 years, right? Probably 97 or
00:13:53
8% of all known decisions have already
00:13:55
been made under this code, right? So all
00:13:57
they have to do is be replicated going
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forward, right? Unless the code changes
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and then you just change the coding and
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you make the decisions all over again.
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So it's not that complicated. You should
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be able to submit something. The
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computer should be able to spit it out
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immediately. If it needs changes, it
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should tell you what the changes are. A
00:14:09
computer could look at that, make the
00:14:11
changes, and spit it back in. Right? And
00:14:12
if you were to do that, you know, it
00:14:15
takes to get a permit on a on a home in
00:14:17
most places in America or on a building
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in most places in America, you know, 6
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months, 9 months, a year, a year and a
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half. I mean, it's insane. It should be
00:14:25
done instantly. And it could literally
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be done instantly with a technology that
00:14:28
we already have available to us today.
00:14:30
Hundred billion dollar business, by the
00:14:31
way, in case anybody's a great idea.
00:14:34
It's a killer idea. I think some
00:14:35
startups have worked on it too. Um I
00:14:37
know multiple that are working. Yeah,
00:14:39
they work on the other side of it.
00:14:40
Building on Freeberg's point, the two
00:14:41
best proposals I heard about regulations
00:14:43
and I'm curious if you could steal me on
00:14:45
them or you know just how practical you
00:14:48
think they are. Putting um a time limit
00:14:51
on regulations. So if you fought for
00:14:53
some regulations around these phone
00:14:55
boots back when foam boots, you know,
00:14:57
Superman changed his costume in them
00:14:59
from the 60s and 70s, like back from
00:15:01
that era, maybe it lasts for 20 years
00:15:03
and then it expires or you want to add
00:15:06
two regulations to office space
00:15:09
regulations. You got to take one off the
00:15:11
books, you know, and and those were the
00:15:13
two proposals I've heard. Some way of
00:15:15
timing these out or um if you want to
00:15:18
add, you got to take you got to find
00:15:20
something to take off. Are either of
00:15:21
those practical? I kind of like the
00:15:22
first one better than the second one
00:15:23
because the second one I mean this sort
00:15:24
of one for one I mean there's got to be
00:15:26
a reason to do one or the other. Right.
00:15:28
Okay. I I like the first one better. Um
00:15:30
actually what we normally do in
00:15:31
government is the opposite. What we do
00:15:32
is we do what we call pilots, right? So
00:15:34
you'll do something that goes away very
00:15:36
quickly, right? In other words, you
00:15:37
imple implement a piece of legislation
00:15:39
say, "Oh, we're going to do it for a
00:15:39
year. Let's test it out." Right? And
00:15:41
it's a pilot and then it goes away. Um,
00:15:44
I I like what you're saying in terms of,
00:15:46
you know, a big part of regulatory
00:15:49
culture can probably be phased out over
00:15:52
a 15 20 year period as being
00:15:55
anacronistic, right? It just doesn't a
00:15:57
year get reviewed and you you're the
00:16:00
government's responsible for reviewing
00:16:02
5% a year for 20 years and they reertify
00:16:04
it or right and and then you have the
00:16:07
ability to reimplement it if you think
00:16:08
it makes sense. But I think what happens
00:16:10
is you go back down to zero. you were
00:16:12
asking Antonio and I was I was listening
00:16:13
to the conversation because we did we
00:16:15
did it like I said we had to cut our
00:16:17
budget by 20% in one year and uh and
00:16:19
part of the problem is budgeting is like
00:16:21
layering right it all layers on top of
00:16:23
each other same as regulation it layers
00:16:24
on top of each other so if you were to
00:16:26
be able to strip it down in a mechanical
00:16:28
way right in an instantaneous way as
00:16:31
opposed to having to fight the the the
00:16:33
structures in our case we were very
00:16:35
lucky there was a state statutory
00:16:36
vehicle that allowed us to implement the
00:16:38
cuts otherwise we'd have to bargain for
00:16:40
them in a in a union process and
00:16:42
obviously no one would ever bargain to
00:16:44
cut their salaries. There would no never
00:16:45
bargain to cut. It would nothing would
00:16:47
have happened. We would have come we
00:16:48
would have been bankrupt and then a
00:16:49
court would have taken us over. We would
00:16:51
have looked like a joke and instead we
00:16:53
we cut costs and we and we survived and
00:16:55
we thrived right going forward. And by
00:16:57
the way, my employees now love me. They
00:16:58
were not happy the first couple years
00:17:00
when we did it. But now they they they
00:17:02
um I mean I don't even have to go to a
00:17:04
union interview when I when I run for
00:17:05
office. They just support me right away.
00:17:06
Do you want to be governor? I don't
00:17:08
think it's quite that simple. I want to
00:17:10
dunk. I want to dunk. Yeah, I want to be
00:17:13
able to dunk, too. Uh, look, I think
00:17:15
that I'm a Republican for those of you
00:17:17
who don't know, and uh, you know, the
00:17:19
president's already weighed in the
00:17:20
Republican primary. I respect the
00:17:21
president's uh, perspective. I have a
00:17:23
good relationship with Congressman
00:17:25
Donald's. So, I I think politics is very
00:17:28
circumstantial. Um, we've talked about
00:17:29
that a lot in the past. So, you know,
00:17:32
things sometimes conspire in your in
00:17:33
your favor. Sometimes sometimes things
00:17:36
don't, right? And I do think it is
00:17:38
circumstantial. So, I think you have to
00:17:40
weigh the circumstances. You know, I ran
00:17:42
for president because I had a had a
00:17:43
thesis. The thesis was urban voters,
00:17:46
Hispanics, and young voters, if they
00:17:48
went Republican, would favor the
00:17:51
Republican candidate or Republican
00:17:52
candidate win. And it they did. It just
00:17:53
wasn't me, right? It was a different
00:17:55
candidate. But, you know, the president
00:17:57
did a great job on podcasts, right?
00:17:59
Going on all these podcasts that, you
00:18:01
know, the vice president didn't do. Um,
00:18:03
and he got young voters and he got urban
00:18:05
voters. Uh, look, a Republican's never
00:18:07
going to win Philadelphia, right? Trump
00:18:09
lost Philadelphia to Biden by 85%. But
00:18:12
he lost Philadelphia to Kamla by 75%.
00:18:16
And and that delta, the 75, 85, that 10%
00:18:19
delta gave him Pennsylvania. Yeah,
00:18:21
that's the election, which was such a
00:18:23
crucial state, right? Like arguably the
00:18:25
the winning state. So you you know,
00:18:27
Republicans are never going to
00:18:28
necessarily win urban votes or the urban
00:18:31
population centers throughout America.
00:18:33
But you're also seeing and and I think
00:18:35
it's important to note you're seeing
00:18:37
Democratic mayors lose across America.
00:18:39
London Breed lost in San Francisco.
00:18:41
Yeah. Tashara Jones lost in St. Louis.
00:18:43
The mayor of of Chicago, Lori Lightoot
00:18:45
lost. On that point, you were the or
00:18:47
still are the head of No, I was I was a
00:18:49
president US Conference of Yeah. for a
00:18:50
year and a half. Okay. If if if we had
00:18:52
to ask you, you can't live in Miami.
00:18:55
Yeah. You met all those mayors. Who
00:18:57
where are two places that you think are
00:18:59
actually well-run that aspire, you know,
00:19:02
to do something great and have their
00:19:03
[ __ ] together?
00:19:05
Cities. Take your time. I don't jump to
00:19:08
an answer. I I'll say this. I I'll tell
00:19:10
you a mayor that I like. How about that?
00:19:11
Okay. Justin Bib. Justin Bib is a mayor
00:19:14
of Cleveland. We got a couple Cleveland
00:19:17
people here apparently. There we go.
00:19:19
Justin is a good friend. Uh I have a lot
00:19:21
of friends that are mayors. I'm a mayor.
00:19:23
You know, I love all my mayors because I
00:19:24
was a president of that institution. But
00:19:26
I think Justin is a young, dynamic guy
00:19:30
who's smart, not super partisan, cares
00:19:33
tremendously about his city, and and we
00:19:35
talk a lot about it because obviously
00:19:36
Miami and Cleveland are a little
00:19:37
different, right? On the margins, that's
00:19:40
fair. Uh and and we joke about it. He
00:19:42
says, you know, I wish I had the kind of
00:19:43
problems you have. To go back to sort of
00:19:44
the Ken Griffin quote, you know, they
00:19:46
they don't struggle with affordable
00:19:48
housing. They got plenty of affordable
00:19:49
housing cuz people don't necessarily
00:19:51
want to live there. Um
00:19:53
uh sorry Jay sorry Jay I love you bro.
00:19:56
Uh but but it's true right? It's kind of
00:19:59
true. So so he's dealing with economic
00:20:02
uh development. He's dealing with he
00:20:04
wants to he wants to be the Miami of
00:20:06
Ohio in terms of getting investment
00:20:08
getting the tech community there getting
00:20:10
people special people to move into his
00:20:12
community and believe in his vision. And
00:20:15
uh I think look company building is hard
00:20:18
as you guys know you guys have built
00:20:19
some incredible companies. Ecosystem
00:20:21
building is even harder, right? It's
00:20:23
it's it's a thousandx harder than
00:20:24
building a big company. I mean,
00:20:26
companies take years into decades and
00:20:29
ecosystems take decades into centuries.
00:20:31
Yeah. It's too different. Yeah. Is there
00:20:33
something
00:20:34
that inside of the next gubernatorial
00:20:37
campaign, let's say you don't run for
00:20:39
governor, that's a high impact job at
00:20:41
the state level? Not really. I get to
00:20:43
practice and I have a private sector
00:20:45
life. Uh I have a 11-year-old and a
00:20:46
seven-year-old. So, I mean, if the
00:20:48
president called me and said, you know,
00:20:50
I want you to be the US ambassador to,
00:20:53
you know, a country that I have a
00:20:54
passion to help, you know, in terms of
00:20:56
the United States, in terms of their
00:20:58
relationship and world peace and things
00:21:00
of that nature. Um, which I think
00:21:02
are high ROIs for for the time
00:21:05
investment and the financial sacrifice
00:21:07
that you have to make. I would strongly
00:21:09
consider it. But other than that, I
00:21:10
mean, I'm I live a very blessed life,
00:21:12
you know. I I I'm the mayor of the best
00:21:14
city on the planet, you know. Yeah.
00:21:18
And I have incredible, incredible,
00:21:19
incredible bosses. These are my bosses.
00:21:22
I have the best bosses in the world.
00:21:23
Yeah. And they're constantly encouraging
00:21:25
me. They're constantly cheering me on.
00:21:27
And and and I live and breathe for them.
00:21:29
I wake up early in the morning. I go to
00:21:30
bed late. And I carry their problems,
00:21:32
their hopes, and their dreams in my
00:21:34
soul. All right. Give it up for Francis
00:21:36
Suarez, your mayor.
00:21:41
Thank you to our friend Francis Suarez,
00:21:43
the mayor of Miami, for joining us on
00:21:45
stage at our F1 event. And thanks to
00:21:47
you, the audience for tuning in. Give us
00:21:48
a like, a thumbs up, a subscribe, write
00:21:50
a review, whatever you're into. Maybe
00:21:52
send it to a friend if you want to come
00:21:53
to our next event. It's the All-In
00:21:55
Summit in Los Angeles. Fourth year for
00:21:58
All-In Summit. Go to
00:22:00
allin.com/events to apply. A very
00:22:03
special thanks to our new partner, OKX,
00:22:05
the new money app. OKX was the sponsor
00:22:08
of the McLaren F1 team which won the
00:22:10
race in Miami. Thanks to Haidider and
00:22:13
his team, an amazing partner and an
00:22:15
amazing team. We really enjoyed spending
00:22:17
time with you. And OKX launched their
00:22:19
new crypto exchange here in the US. If
00:22:21
you love All-In, go check them out. And
00:22:23
a special thanks to our friends at
00:22:25
Circle. They're the team behind USDC.
00:22:28
Yes, your favorite stable coin in the
00:22:30
world. USDC is a fully backed digital
00:22:34
dollar redeemable one for one for USD.
00:22:37
It's built for speed, safety, and scale.
00:22:39
They just announced the Circle Payments
00:22:42
Network. This is enterprisegrade
00:22:43
infrastructure that bridges the gap
00:22:45
between the digital economy and outdated
00:22:48
financial reality. Go check out USDC for
00:22:50
all your stable coin needs. And special
00:22:53
thanks to my friends, including Shane
00:22:55
over at Poly Market, Google Cloud,
00:22:57
Salana, and BVNK. We couldn't have done
00:23:00
it without y'all. Thank you so much.
00:23:04
Let your winners ride.
00:23:07
[Music]
00:23:12
We open sourced it to the fans and
00:23:13
they've just gone crazy with it. Queen
00:23:19
[Music]
00:23:23
of besties are gone.
00:23:26
That is my dog taking it on a share
00:23:28
driveway.
00:23:32
Oh man, my habitasher will meet up at We
00:23:34
should all just get a room and just have
00:23:36
one big huge orgy cuz they're all just
00:23:38
It's like this like sexual tension that
00:23:40
we just need to release somehow.
00:23:46
[Music]
00:23:48
We need to get mercy.
00:23:50
[Music]
00:23:57
I'm going all in.

Episode Highlights

  • Miami's Homelessness Strategy
    Mayor Francis Suarez reveals Miami's ambitious goal to achieve functional zero homelessness.
    “We want to be the first major American city to have zero homeless.”
    @ 01m 29s
    June 03, 2025
  • Formula for Success
    Francis Suarez outlines his straightforward approach to Miami's prosperity: low taxes and safety.
    “The formula for success is simple. Keep taxes low, keep people safe, lean into innovation.”
    @ 05m 26s
    June 03, 2025
  • Challenges of Success
    Ken Griffin discusses the complexities that arise from a city's success, including housing costs.
    “I'd rather have the problems of success than the problems of failure.”
    @ 08m 46s
    June 03, 2025
  • Surviving and Thriving
    After tough decisions, the speaker's employees now support him wholeheartedly.
    “My employees now love me.”
    @ 16m 57s
    June 03, 2025
  • The Importance of Circumstances
    Discussing the unpredictable nature of politics and circumstances affecting outcomes.
    “Things sometimes conspire in your favor.”
    @ 17m 36s
    June 03, 2025
  • Building Ecosystems
    Highlighting the challenges of creating a thriving community compared to building companies.
    “Ecosystem building is even harder.”
    @ 20m 21s
    June 03, 2025

Episode Quotes

Key Moments

  • Homelessness Challenge00:48
  • Economic Growth01:54
  • Safety Record04:50
  • Regulatory Innovation12:25
  • Employee Support16:57
  • Political Aspirations17:08
  • Ecosystem Challenges20:21
  • Community Dedication21:29

Words per Minute Over Time

Vibes Breakdown

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