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A
This is the first time on the show that I am sitting down with the real life sitting billionaire. Let me ask you a question. If I guess the amount of money in your wallet within $5, can I have it?
B
Absolutely.
A
Okay. Can I have it now? I'm going to guess you have 20s on you. And if you're like my dad, who's a little bit older than you, I'm gonna say you have $60 on you. Three twenties, actually. Two twenties and two tens, maybe. No, I'm not even remotely close.
B
Not even close.
A
What do you have?
B
Zero. Don't you live in the cashless society?
A
Oh, don't even do. You're not Gen Z. Don't do this.
B
I have. Wait a minute.
A
I sell you.
B
I got an iPhone. I got a credit card that's such a.
A
Such a flex. I don't care. You guys know me. Let's talk about the most vilified minority in America. Billionaires. Are all billionaires evil or just most of them? That's the question I set out to investigate with Illinois Governor J.B. pritzker, an heir to the Hyatt Hotel fortune. Governor Pritzker is the 920th richest person in the world. And back in 2018, he spent $171 million of his own money to run for and win the Illinois governorship. But he didn't use that power to give himself a giant tax break. He actually tried to increase taxes on himself and passed a bunch of progressive legislation. So I decided to sit down with the governor to ask him why he spent the budget of a Pixar movie just to get a government job and whether or not the only way to beat a bad guy with a billion dollars is a good guy with a billion dollars. Hurry.
B
Right away. No delay.
A
Stop. Before we get to the episode, let's take care of some business. This episode is sponsored by ZipRecruiter. Try it for free at ZipRecruiter.com Husson ZipRecruiter. The smartest way to hire no. Governor Pritzker, thank you so much for welcoming us to this amazing. This is the press room. Yes.
B
Yes.
A
You are now in your second term as Illinois governor. Are you planning to run for a third term, or are you planning to walk in the great footsteps of former Illinois governors and go directly to prison?
B
That's a great question.
A
We looked this up. Yeah, y'all really got the dog in you. Four of the last 10 governors went to prison.
B
Thank God that has not happened to me. It's something I'm trying to Change the trajectory.
A
Try to avoid.
B
Yeah, yeah. When I won the governorship, but hadn't been sworn in yet, I went to the governor's mansion the very first time with my family so we could see where it is that we're supposed to be moving into. My son and I were kind of in the museum area, and he was 14. And the book was there with all the governors in chronological order. And if you turn to the most recent page, it had the most recent 10 governors. So I said, donnie, come on over here. I want to show you something. And he came over and I said, there's a 40% chance that I'll end up in prison at the end of this.
A
You did this with your son?
B
I said this to my 14 year old dude.
A
What? This is once again, definitive proof. All dads are psychotic. Governor Pritzker, the reason why I took a Southwest flight here to meet with you is because you are a very interesting person in the landscape of American politics. For those of you who are watching that don't know, Governor Pritzker, you have spent years fighting for working class individuals and working class values, but you're also the heir to a huge hotel empire. These two things kind of feel in conflict. You've even positioned yourself as a anti Donald Trump. It's pretty much what you said in your DNC speech. Okay. You said, donald Trump claims to be very rich, but take it from an actual billionaire. Huge applause. Trump is rich in only one thing. Stupidity. Stupidity. Did you get that joke from a popsicle stick?
B
I definitely wanted to get under his skin. Apparently it worked because a couple days later, he went on Fox and Friends and railed against me, which I. Hilarious, since I'm not running against him and he has very little impact on whether I get reelected or not. You know, he lost Illinois by 17 points both times he ran.
A
But the reason why I brought up this point about your background is so many people on the left see billionaires, no matter how benevolent or progressive they may be or sound, they see them as an existential threat. Some of them don't even believe billionaires should exist at all. How do you personally deal with that tension between yourself, your personal background, and the party? You get what I'm saying, right?
B
I do, of course. But I honestly don't try to address what you're describing as a tension, because the Republicans.
A
There's no tension. They love it.
B
I get it. But it's not my job to address other people's underlying biases. I think my. It is my job to go out and effectuate change in a positive way for everyday, ordinary Americans. Right. People who live in my state, because I'm the governor of Illinois. So my job is to make sure people earn more, are able to pay their bills, do better for their families, get a better education, save for retirement. You know, hopefully save them from a global pandemic wherever you can.
A
Yeah. And Governor Pritzker, to be fair, you are nothing like the Republican billionaires. You passed a $15 minimum wage, you ended cash bail, you guaranteed access to abortions, you legalized marijuana, and you banned assault weapons. We literally had to double check that part. I'm like, there's no way he did this. You did it to get all of this done. Governor Pritzker, you spent over $171 million of your own personal money on your campaign. You're essentially like, if Michael Bloomberg was successful at politics, do you think it was worth it? And would you spend that type of money again?
B
Yeah. Let's start with our campaign finance system is abysmal. We need change. We don't have change now. Right. We have Citizens United, which is a decision that is affecting us, has been affecting us for, I think, a couple decades now. And the result of that, just to remind you, you mentioned the amount of money I spent. I've had three billionaire Republicans spend more than $200 million to try to defeat me. So the idea that I'm buying my way into office, not fair. Because the first time I ran, many, many Democrats decided not to run because the billionaire governor of the state, who had been ruining the state, the Republican governor, was going to spend $100 million at least to run.
A
But Governor Pritzker, isn't it kind of buying your way? And by the way, we can. Let's entertain that.
B
Let's say, here's what's most important. We had to defeat him.
A
Sure.
B
We had to defeat him. Yes. So you can say all you want about what it should look like. I'm telling you what the facts were, which were elected statewide leaders in the state of Illinois couldn't raise the money to run against somebody who could spend what he was going to spend.
A
So practically, what you're kind of saying is to defeat a bad guy with a billion dollars, you need a good guy with a billion dollars.
B
I don't think that's always true. I'm just saying that in this circumstance, we needed to win and we needed someone who was going to fight for progressive values. And I said I would do that, and I did that. And so I know there are people who Want to complain about the amount of money that was spent to defeat him, but you got to remember that he spent 120 plus million dollars. And so, yeah, I mean, I spent what was necessary to win. And if I had not this state, which had gone two years without a state budget, and all the social services were affected by that, literally many agencies just shut down. All of that would have continued on if he had stayed as governor.
A
This is a philosophical question. Do you agree with Bernie Sanders that any money in politics should be eradicated and taken out?
B
Any money? No. Big money. Yes. We need change. We need change in the political world. And by the way, Bernie Sanders and I don't disagree on everything. It's. You know, we are both.
A
Oh, no, I don't.
B
We both. We both believe in a lot of similar progressive values. I mean, I know he agrees with a number of the things that you talked about that I had accomplished. Right. Raising the minimum wage. People ought to be able to earn a living wage. Legalizing cannabis. He agrees with that, too. We could go down a whole list. Look, I don't think putting a target on some people's backs because they've earned money or made money or have money is right. I think that there are people who are wealthy who do the wrong things. Donald Trump being the perfect example of that. Right. And who are wrong in their views. And unfortunately, they seem to be more prominent than people in the Democratic Party who are wealthy. And so it's easy to kind of point at them, at the right wing, at the maga, Republicans who are wealthy and, you know, and target them. I guess the other thing I would say is I'm a capitalist. I mean, let me be clear. I was in business before I was in, you know, in government. And I believe people of their own ingenuity ought to be encouraged to go out and take some risk to start a business, to try things, because that's what makes the world a better place. If you ask me. You can create more jobs, build the economy, and inventions come from that. Right. We ought to be encouraging that. I know that there are people who don't agree with me who also call themselves Democrats. So, you know, we may disagree on those things, but I also believe capitalism is very imperfect. Right. There are things about it that really don't accomplish some of the goals that I think we ought to be all focused on lifting up the most vulnerable. Where in capitalism is there any motivation to do that? Nowhere. So you have to do something to moderate the capitalism.
A
Maybe it's taxes you're talking about basically pushing back on unfettered capitalism.
B
Yes, that kind of pure capitalism.
A
That.
B
No, I don't believe in pure capitalism. I am a capitalist, though. And I guess I'm only trying to say that, you know, there can be people like Bernie Sanders and people like J.B. pritzker in the same political party. We have a lot of the same goals. I would just, you know, disavow the. You know, the relationship of that.
A
Any amount of money in politics is inherently corrupt.
B
Well, you say money in politics. I think we ought to change the political system so that you don't have people ability to write $10 million checks to do what they want.
A
But wouldn't that. I'm not. I'm maybe a little dumb here. Wouldn't that eliminate you potentially from having this huge political.
B
It's gotta be a level playing field, though. Again. Remember, we need it. I had three billionaires come after me. Right. And so, I mean, did you want me to just play by one set of rules that, you know what I think are the rules that we ought to have and have them playing by a completely different set of rules? And then we would lose. Yeah, but you're like, look at.
A
Look.
B
But we'd be righteous about it. You know what I mean? And that's that you have to.
A
You have, ladies and gentlemen, to get three talking to someone who has that dog in them. You're like, hey, the court's 94ft. The rims are 10ft. What do you want me to do? What do you want me to do? I'm playing ball here. Bill Lambert keeps throwing elbows. We got to throw some elbows back. Horace Grant, will you fucking elbow him? Pippin, really? You have a migraine. Play. You get this. You're from Illinois in the moment. You guys turned the corner in 91 and said, you know what? Fuck this. Y'all are playing. We're going to play dirty, too. What'd you do to Detroit?
B
I don't know about playing dirty. Listen to you now. You're getting a whole different place. Here's what I'm gonna push back on.
A
We're in the great state of Illinois.
B
I'm just like, you gotta fight with all the tools that are available to you. We should change the rules on what tools are available in politics. Right? But I can't say that. Oh, well, I'm gonna go live by this one set of rules over here, but they're all gonna live by a whole other set of rules when on my side, which is fighting for working families, fighting for the most Vulnerable. Right. The powerless literally are going to what, give in to the most powered people.
A
Yes.
B
That's ridiculous.
A
For our listeners and viewers who are watching this, I'm doing what I oftentimes do, which is I'm doing a basketball analogy and comparing it to politics. We're talking about in the 90s. They had this thing called the hand check rule. Now, well, the hand check rule was bad, right, but everybody hand checked. MJ got hand checked and it limited the amount of people scoring. But you had to get around the hand check. And if the other team was hand checking, you had to hand check. What Pritzker is saying is, hey, other teams are out here hand checking. So guess what? I gotta hand check too. Until they, what, changed the rules.
B
That's it.
A
Steph doesn't get hand checked now. They took that rule out.
B
Gotta be a level playing field. Otherwise, you know, if you, if one team decided not to live by the rule and another lived by a rule. Yeah.
A
Governor, I actually think this conversation that you're having is very important and that we're having. Oftentimes the progressive movement wants their politicians to be ethical, be a good person, but at the same time they want them to be effective, win at all fucking costs, defeat the enemy. And those things can be at odds. At odds. What I'm hearing from you is, yeah, you gotta grapple with the world and where it is head on.
B
Yeah.
A
And I understand that.
B
And remember that many, many wealthy politicians run and lose. You mentioned Michael Bloomberg. Sure, that's just one example. But he lost when he ran for president. Oh, he lost.
A
And by the way, like, if Michael Bloomberg was successful at politics, and by.
B
The way, in Illinois, most of the wealthy people who run wealthier than the other person running lost. So it isn't like a given that, oh, if you're wealthy, you're going to win. You also have to stand for the right things. People are going to go to the polls and judge you when they get in there. And how much you spent is not something. It may be something they're judging you on, but the thing they're really judging on is, is this person going to do more of the things that I want done than the other person? And that is why I want. Again, this is about standing for the right things. If I wasn't a guy who was going to raise the minimum wage of $15, which is higher than any Midwestern state, so if I wasn't a guy who was going to legalize cannabis, which was the right thing to do for racial justice, not Just because it's a business and you could tax it other reasons people want to do it, it's the right thing to do. Because I think in the end, if I didn't stand for the right things, there's no way I would have won. And I won in a six person primary in 2018. And I won the general election with a record percentage and again in 22 record. And I ran against the second time a MAGA right wing extremist.
A
This episode is brought to you by ZipRecruiter. ZipRecruiter's powerful matching technology identifies top talent for your roles quickly and starts showing you qualified people as soon as you post your job. And with all that time I save on hiring, I can spend time on my true passion, looking up celebrities, ages and net worth online. Whoa. The guy from the bear's 47. I could have sworn he looks 46. Try it for free at this exclusive web address ziprecruiter.com Hassan ZipRecruiter the smartest way to hire. I'm busy. You actually got involved in a pretty crazy street fight with another Chicago billionaire over something called the Fair Tax amendment. What was that all about?
B
Well, I wanted to change the very unfair regressive tax system in the state. The income tax system was a flat tax system, which was regressive.
A
Yes.
B
What we need is a progressive or graduated income tax system like we have all over the country. But in Illinois, we have this flat tax. So I ran on in 2018 the fact that I was going to go out and try to get an amendment passed.
A
Correct.
B
You know, I did.
A
And am I getting this right? Essentially, if you make over $250,000, you get taxed heavier. Right. And you are also adding a child tax credit. Am I, Am I getting that?
B
Roughly also lowering taxes on everybody under $250,000. Just everybody. So. And in a graduated fashion. So the less you make, the bigger the tax benefit you get. And the more you make, the more you're going to pay in taxes. So that's the way it should be in my view, by the way. And I said to everybody, listen, I want to tax me, not you. And I think, you know, we ought to have a system in which very wealthy people like the guy I was running against and me should pay more. Okay, so we. So I ran on that and said I was going to do it almost immediately after I came into office. I got it passed in the legislature meant meaning it would go on to the ballot. Right now you're fighting a public amendment Public referendum.
A
Yes.
B
Which I did in 2020.
A
And Governor Pritzker, while this fair tax amendment is being discussed, hedge fund psychopath Ken Griffin, not to be confused with Ken Griffin Jr. Would love to have you on the show. He spends $50 million on an ad campaign against you.
B
Yes.
A
You spend $50 million of your money against. You know, for this.
B
For this.
A
So we have two $50 million fire hoses just. Bam. Going at each other.
B
Yeah.
A
Now in his money, beat your money.
B
Yep.
A
So the question I wanted to ask you, Governor Pritzker, is why only $50 million? Why not 100?
B
Yeah, it's a great question. And I think the big cause you might think, oh, more money would be more effective.
A
I mean, maybe you didn't want enough.
B
Reality is, I worked hard for it. Trust me. I went everywhere and I did everything that I thought I could do to win. Yes. I can tell you this, that we had two things working against us. One was it was Covid. And you know, the way we Democrats win is we knock on doors, we make phone calls, we get our voters out. But in Covid, you couldn't really knock on doors.
A
Right.
B
Okay. So that got taken away from us.
A
Yeah.
B
The second thing was they lied consistently in their advertising. They put people up there who are clearly either actors or they were paid to say what they said that somehow we're opening the spigot to raising taxes on everyone by doing this. Which is ridiculous. Right. The whole point of it was lower taxes on people who had lower incomes and raise taxes on people who have high incomes.
A
Honestly, I was trying to alley oop this to you off the glass to dunk on Ken Griffin. But here's what I'll say. I'm not here to say there's no gotcha. I mean, this. Oh. Oh, trust me.
B
This guy who would have paid.
A
I have a lot of opinions about him.
B
The highest amount of tax in Illinois, if we had passed it. Right. So he's got a financial interest in trying to defeat it. I had hoped, and I didn't go after him personally, I had hoped people would recognize that fact, that this, the wealthiest person in the state of Illinois, is against something that would help us and help most people in Illinois.
A
What I'm trying to say is, for you, and from my understanding, you have moved through politics relatively ethically. But when you look at this, do you. Does that feel normal? 50 million vs 50 million?
B
The system doesn't work. What we have now is a system that allows money to have way more influence than it should. And we should have campaign finance reform. Right. And what we need is an amendment to the Constitution or a different Supreme Court, one of the two of those. And that's how you're going to get campaign finance reform. Meanwhile, you know, the system we have. You know Paul Simon, our great senator from Illinois, who ran for president at one point, one of the most ethical politicians I think ever served. He used to say, you can't unilaterally disarm while you've got a system that's unfair. You've got to play within the rules of the system. You know, his idea was right, which was we can't let them own it while we just unilaterally disarm. And so I don't think the system works the way it should.
A
Now, especially, you're just trying to engage with the system the way it is.
B
I am engaging with the system the way it is. And I. And I, again, I would change the rules.
A
Got it.
B
But it has to be changed for everybody equally, you know, in the right way. That. And we can do that. We can do that, but it's going to take a whole lot of work.
A
One of the things we talk about oftentimes is affecting the world through government and affecting the world through, say, philanthropy. There's so many things you could have done with your life. I think about my life and all the poor decisions I made to get into comedy and how I ended up here. But you're one of the wealthiest people in the world. You could have done anything. You could have lived anywhere. You could go to space, or if you were really down on your luck, you could start a podcast. But you get up every morning, you put on a suit, you're in this government mill. You have to fucking get coffee at a Keurig machine. I mean, this is. This is the life you wanted. You want to hear suburban voters bitch about property taxes? Like, this is the life you wanted to have.
B
Earlier in this podcast you mentioned.
A
I'm so sorry for being very passionate, but suburban voters get very up in arms about property tax for sure, which.
B
Is something, by the way, that isn't controlled by state government. It's controlled by your local, mostly your school board.
A
Dad, dad, it's the school board.
B
If you're somebody who cares about making the world a better place and maybe leaving it better than you came into, then you're always looking for what's a better, bigger, more important way to affect positive change. And I was in business before I was doing this, but remember, I was not just in business. Right. You mentioned philanthropy. I mean, I think people would acknowledge I was one of the national leaders in early childhood education, early childhood development, too. When I started, that topic was not at the top of the agenda or anywhere near the top. It is now, though. I mean, if you talk to politicians, they understand that this is a hugely important subject, that we need universal preschool, that we need, frankly, universal childcare. And you hear this all the time. Right. And so that was something I was hugely involved in for a quarter century before I ever ran for governor. So it's not the, you know, the. Well, why did you choose to live, you know, leave a cushy life or leave this life where you're, you know, for something that's, you know, there's a lot of attention.
A
Oh, by the way, Governor Pritzker, I'm not even saying you're living your life like Jeff Bezos, who's now in his pure Dominican era. I mean, the dude is just Mr. 305. He's on yachts, he lives in Miami. You've clearly lived a life of purpose since the late 90s. What I'm asking about is the way in which one can affect change with capital.
B
Yeah.
A
You can't run a state the way you run, say, a startup.
B
Right.
A
But why did you think government could affect change? What am I not seeing?
B
Well, maybe let me compare philanthropy to government. Right. In philanthropy, you can't possibly affect millions, maybe tens of millions of people in a positive way by one person going in and doing something. In the philanthropic world, in philanthropy, what you can do is create models, models of what works. Right. In government, you can take the models that work and make sure everybody has access to them and especially people who otherwise wouldn't be able to afford them.
A
Did you feel like you had a particular skill set where you were like, I can really affect change through government?
B
I think that some of the skill sets that I had in business and I was in venture capital and I was in early stage startups, some of that skill set works in government as well. Now, I do not think that running government like a business is a thing. You can't run government like a business. It doesn't work. People have tried. It does not work.
A
Got it.
B
But taking some of those skills and applying them does work. I'll tell you one other thing. It's not just about a learned skill set that you picked up in school or from experience in your career. It's also, I think, about kindness. It's about, you know, having people in government who are, first of all, following the rules you mentioned Earlier. There's, you know, there's so much corruption that exists in the world of government, not to mention in private sector. There's also, you know, there are people who are not kind. And I would point at Donald Trump and say that when they get into government, people who are not kind. Right. They effectuate policies that, guess what, Have a very detrimental effect on people who need the most help.
A
Yeah.
B
People, I think, who come into government with a degree of kindness and who understand that your job in government is to lift up the most vulnerable people and to stand up for working families and just make their lives a little bit easier. Because guess what? The people who have the most money can take care of themselves for the most part.
A
I like this thread of what you're talking about. Being a good person. You've called yourself. We actually wrote this down. You called yourself a, quote, happy warrior. Okay. That's your brand, and you leaned heavily on the warrior part. In your DNC speech, you said, quote, our patriotism was formed in frost and in fire and in fire and in the steel we forged to survive. Both.
B
To survive both.
A
Two questions, Governor Pritzker. Number one, how many times have you rewatched Game of Thrones?
B
You really want to know the truth?
A
The truth.
B
I have not watched Game of Thrones once all the way through.
A
Well, then number two, do anyone on staff own a sword?
B
Actually, my chief of staff is a great Game of Thrones believer.
A
This fire stone.
B
It's about Chicago. It's about Illinois.
A
Wait, Prashant's from Chicago? Is this an Illinois.
B
We used to have. We used to have.
A
He's. You're from Downers Grove. Sorry. So this is a Chicago thing?
B
It is. Because, you know, in Chicago, we used to have steel mills.
A
I thought you were, like, someone on your staff was into Renaissance fairs. I was like, I don't know.
B
Well, I will say the person who came up with that particular line was the Game of Thrones watcher by Chief of staff.
A
I knew it.
B
I knew it. There's a connection.
A
I knew McCaffers. Okay. I wanted to give you this. Okay. So billionaires get a bad rap, right? And maybe some of them don't deserve it, but some of them, as we've talked about, definitely do. So I want to play a little game with you, Governor. Let's call it good billionaire or Bad Billionaire.
B
This is rough. Yeah.
A
I'll hold up a picture of a billionaire. You tell me.
B
Can't wait. Yeah.
A
Good or bad? Good billionaire or bad billionaire? Oprah Winfrey.
B
A good billionaire. Yeah.
A
You have to say that.
B
Well, she gave a great speech at the dnc, and she's an amazing performer.
A
Yeah, because you don't want to cross.
B
Oprah saying, I'm afraid of some of these folks, so I may call them out as good. Totally.
A
You don't want her to throw a bestseller at you.
B
Why are we playing this game? If you think that I'm going to be cowed by somebody in the list, I won't be. Go ahead.
A
Yeah, you don't want to. You're not trying to duck any smoke?
B
No, go ahead. Let's see.
A
All right. Rupert Murdoch.
B
Oh, bad billionaire.
A
Do not speak ill of the undead. How dare you?
B
I'm sorry, but, you know, it's just.
A
Congratulations, you got hexed. Ken Griffin. This photo's intense, by the way. This is an intense public. This photo's.
B
He's been against virtually everything that I care about. Okay, but if a definition of a bad billionaire is someone I disagree with intensely, he's a bad billionaire.
A
Rihanna, good billionaire. Of course, we're a democracy, but we love our queen.
B
We do.
A
Thomas Pritzker.
B
It's good.
A
Karen Pritzker, your cousin. Good. Daniel Pritzker, your cousin. Good. Anthony Pritzker, your brother.
B
Great. Was that a category? Great.
A
Penny Pritzker, your sister.
B
Good. You're looking for me to go after family.
A
J.B. pritzker.
B
Well, I mean, in the eye of the beholder, isn't it?
A
Governor Pritzker. Listen. Okay, who's the chevroy? Karen or Penny?
B
Okay. All right.
A
Tony as Kendall.
B
Absolutely not.
A
You're Connor.
B
No. Thank you. That is really terrible. I want you to know, actually, this staff is loving. Entire generation, great people.
A
Capital L A. Loving it. This will be used at an internal meeting. The laughs we had. Governor Pritzker, it was an honor forging this in the fire with you.
B
Thank you. Appreciate you.
A
Appreciate you. Governor Pritzker, ladies and gentlemen. That was such a government applause break. Just the real. That was like my dad's retirement party when he retired.
B
I hope you're not gonna play that applause, because it seems like I got no applause.
A
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Podcast Summary: "The Billionaire Governor"
Episode Title: The Billionaire Governor
Release Date: October 10, 2024
Host: Hasan Minhaj
Guest: Governor J.B. Pritzker of Illinois
In the "The Billionaire Governor" episode of Hasan Minhaj Doesn't Know, two-time Peabody Award-winning comedian Hasan Minhaj engages in a candid and thought-provoking conversation with Illinois Governor J.B. Pritzker. As an heir to the Hyatt Hotel fortune and the 920th richest person globally, Governor Pritzker brings a unique perspective to politics, blending immense personal wealth with progressive policymaking. The episode delves deep into themes of wealth in politics, campaign finance reform, tax legislation, and the role of capitalism in governance.
Host Hasan Minhaj opens the discussion by challenging the stereotype surrounding billionaires in politics. He questions whether all billionaires are inherently evil or if most defy this negative perception.
Hasan Minhaj [00:43]: "I sell you."
Governor Pritzker responds with a light-hearted comment on the cashless society, highlighting his reliance on digital transactions over physical cash.
Key Discussion Points:
A significant portion of the conversation centers around campaign finance, especially in the wake of the Citizens United decision, which has allowed unprecedented financial influence in politics.
Governor Pritzker [07:20]: "We have Citizens United, which is a decision that is affecting us, has been affecting us for, I think, a couple decades now."
Key Discussion Points:
Campaign Spending: Pritzker discusses the necessity of his substantial personal investment to counteract Republican billionaire opposition, emphasizing that without such funding, defeating a well-funded opponent would be challenging.
Governor Pritzker [07:45]: "We had to defeat him. Yes. So you can say all you want about what it should look like. I'm telling you what the facts were..."
Fair Tax Amendment: The Governor elaborates on his efforts to implement a progressive tax system in Illinois, moving away from a flat tax. He highlights the challenges faced, including a massive $50 million ad campaign by hedge fund manager Ken Griffin opposing the amendment.
Governor Pritzker [16:25]: "I wanted to change the very unfair regressive tax system in the state."
Impact of Money in Politics: Both host and guest debate whether money in politics is inherently corrupt. Pritzker acknowledges the need for reform but argues that completely eliminating money would disadvantage candidates like himself who are up against similarly wealthy opponents.
Governor Pritzker [11:20]: "I think we ought to change the political system so that you don't have people ability to write $10 million checks to do what they want."
Governor Pritzker shares his nuanced stance on capitalism, advocating for its potential benefits while recognizing its imperfections.
Governor Pritzker [09:00]: "I think there are things about it that really don't accomplish some of the goals that I think we ought to be all focused on lifting up the most vulnerable."
Key Discussion Points:
Moderating Capitalism: Pritzker emphasizes the need to balance capitalism with measures that support the vulnerable populations.
Governor Pritzker [10:42]: "Yes, kind of pure capitalism."
Role in Government vs. Philanthropy: He differentiates between the impact of philanthropic efforts and governmental policies, asserting that government has the capacity to implement widespread change.
Governor Pritzker [24:03]: "In philanthropy, you can't possibly affect millions... In government, you can take the models that work and make sure everybody has access to them."
Kindness in Politics: Pritzker underscores the importance of kindness and ethical behavior in governance, contrasting it with figures like Donald Trump, whom he criticizes for detrimental policies.
Governor Pritzker [25:51]: "It's also about kindness... policies that have a very detrimental effect on people who need the most help."
The episode delves into the role of media and advertising in shaping political narratives, with a particular focus on the aggressive ad campaigns launched against Governor Pritzker.
Governor Pritzker [18:05]: "Reality is, I worked hard for it... Two things were working against us. One was Covid... The second thing was they lied consistently in their advertising."
Key Discussion Points:
Ad Campaigns Against Policies: Pritzker discusses how misinformation and deceptive advertising strategies were employed to undermine his Fair Tax amendment.
Effectiveness of Spending: The host questions the efficacy of massive financial campaigns, to which Pritzker defends his strategic spending as necessary to counteract equally wealthy opponents.
Governor Pritzker [18:23]: "I worked hard for it. Trust me."
Throughout the conversation, Governor Pritzker offers personal anecdotes that illuminate his motivations and leadership style.
Governor Pritzker [03:16]: "You did this with your son?"
Governor Pritzker [05:14]: "I honestly don't try to address what you're describing as a tension..."
Ethical Leadership: Pritzker positions himself as a "happy warrior," committed to ethical governance and progressive values, advocating for policies like raising the minimum wage, legalizing marijuana, and banning assault weapons.
Governor Pritzker [15:00]: "If I wasn't a guy who was going to raise the minimum wage of $15... legalize cannabis... it's the right thing to do."
In closing, Governor Pritzker articulates his vision for a more equitable political system, one where campaign finance reforms ensure a level playing field for all candidates. He emphasizes the importance of standing for progressive values and implementing policies that uplift the most vulnerable members of society. The episode underscores the complexities of navigating politics as a billionaire striving for meaningful change, highlighting the delicate balance between personal wealth and public service.
Governor Pritzker [25:51]: "The people who have the most money can take care of themselves."
"The Billionaire Governor" offers an insightful exploration into the interplay between immense personal wealth and progressive governance. Through his dialogue with Hasan Minhaj, Governor Pritzker articulates the challenges and responsibilities that come with political power, advocating for systemic reforms to ensure fairness and equity in the political arena. This episode serves as a compelling narrative on redefining the role of billionaires in shaping public policy and championing social justice.