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Miami Mayor Francis Suarez: The Recipe for Creating America’s Happiest City | All-In Live from Miami Podcast Episode Description
(0:00) The Besties welcome Mayor Francis Suarez!
(0:23) How Miami significantly decreased homelessness and homicides
(5:17) Formula for turning Miami into America’s happiest and healthiest city
(10:32) Addressing overregulation at the local level
(17:05) Ambitions for his post-Mayor career
(21:39) Partner shoutouts: Thanks to OKX, Circle, Polymarket, Solana, BVNK, and Google Cloud!
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Miami Mayor Francis Suarez: The Recipe for Creating America’s Happiest City | All-In Live from Miami Podcast Episode Top Keywords
Miami Mayor Francis Suarez: The Recipe for Creating America’s Happiest City | All-In Live from Miami Podcast Episode Summary
In this podcast episode, Miami Mayor Francis Suarez discusses various topics, including his approach to governance, urban challenges, and political insights. Key points include his formula for success, which emphasizes low taxes, public safety, and innovation. Suarez highlights Miami’s achievements, such as being ranked the happiest and healthiest city in America, and discusses efforts to address homelessness, aiming for “functional zero” homelessness through innovative strategies and partnerships with charitable organizations.
Suarez also addresses the challenges of rapid urban growth, such as housing affordability and regulatory hurdles. He advocates for a culture of innovation within government, suggesting that outdated regulations should be revised or removed to facilitate progress. He shares insights on how technology, particularly artificial intelligence, can streamline processes like permitting and zoning, potentially transforming urban management.
The episode touches on broader political themes, with Suarez reflecting on the importance of engaging urban, Hispanic, and young voters for the Republican Party. He notes the challenges faced by cities with complex regulatory environments, using San Francisco as an example, and suggests that mayors should focus on legislative changes to overcome bureaucratic obstacles.
Actionable insights from the episode include the importance of fostering a culture of innovation in government, the potential of technology to improve urban management, and the need for political strategies that resonate with diverse voter demographics. Overall, the episode conveys a message of proactive governance, emphasizing the role of leadership in driving urban success and addressing societal challenges.
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Miami Mayor Francis Suarez: The Recipe for Creating America’s Happiest City | All-In Live from Miami Podcast Episode Transcript (Unedited)
Speaker: 0
00:00
Forty third meh of Ai, served two terms since 2017, and his tenure is gonna end in September because he’s term limited. Although Ai hear these days that’s flexible, please welcome Francis Suarez.
Speaker: 1
00:12
We were ranked the happiest city in America, the healthiest city in America. The formula for success is simple. Keep taxes low, keep people safe, lean into innovation.
Speaker: 0
00:23
How are things going in Miami? Obviously, you know, we talked to you a couple years ago. We had our first all in summit here. Yep. And, you had a no nonsense approach that you thought was gonna work with the homeless Sure. Challenges that we’re seeing. I think candidly, we discussed a large portion of the homeless problem in these major cities is, an addiction problem.
Speaker: 0
00:45
And, you know, giving a junkie a home doesn’t exactly get them off the street. It just doesn’t work. And you’ve you were one of the first people to say that plainly. How are you dealing with it? Is it gotten worse? Is it an intractable problem? Yeah.
Speaker: 0
00:59
Take us through it.
Speaker: 1
01:00
So in homeless specifically, we are in an eleven year low. We did our census we do two census a year. We do one in January, ‘1 in in the summer. And our our January census had us at an eleven year low at 546 homeless unsheltered homeless in the entire city of Miami. We have a couple thousand sheltered.
Speaker: 1
01:19
And, I actually raised money on an annual basis, as a mayor’s ball. I did my mayor’s ball last year, and this year, I’ll be doing it in May 31 to end homeless. We wanna be the first major American city to have zero homeless, and we think we can get there. We call it functional zero. You do?
Speaker: 1
01:35
And and and and, frankly, the the strategy is not that complicated. You know? Obviously, there’s a macro economic strategy. We have the lowest unemployment in America. We have the highest median wage growth in America. We I lowered taxes to the lowest level in history, and we’ve seen a 40% growth in nine years.
Speaker: 1
01:53
So the economy is robust. We were ranked the happiest city in America, the healthiest city in America. Frankly, if you’re happy, you’re healthy, and you’re working, you’re probably not homeless. And then, of course, we’ve done innovative things in the homeless space. We’ve worked with, charitable organizations that, help people reunify families if they live in other parts of the country.
Speaker: 1
02:10
And, also, we rent homes so that we can get around the building process and give all the same wraparound services, but we we sort of hack through that process.
Speaker: 0
02:16
Those 500 individuals, who are categorized as homeless
Speaker: 1
02:22
Yeah.
Speaker: 0
02:22
How many of them are suffering from mental illness and or self medicating slash addicted to drugs?
Speaker: 1
02:28
A very high percentage. I would say eighty percent plus. Sai mean, that’s sort of anecdotal. But when ai I’ve been out to the streets. I’ll I’ll I’ll I’ll be out there before my my homeless ball now on May 31. I’m actually gonna spend a a night out on the street. And when you talk to them, when you engage in them, a a vast majority of them are, unfortunately.
Speaker: 0
02:47
K. So let me double click on that. This problem wasn’t as acute before the superdrugs, meth, ai, the the the serious meths. Yeah. Ai, well, the really serious ones they’re making out
Speaker: 1
02:59
of Fentanyl.
Speaker: 0
03:00
And fentanyl. Right? These this combination seems to be you know, we we had people addicted to heroin ai Miles Davis and ai Philip Philip Seymour Hoffman who produced incredible art and were addicts for thirty years, and they and they went in and out of it. But this drug is pernicious, different, deadly, super addicting. How much of the problem are those two drugs specifically if you double clicked on it?
Speaker: 1
03:23
A big part of the problem, heroin or opioids.
Speaker: 2
03:26
He’s asking for a friend, by the way.
Speaker: 1
03:27
Yeah.
Speaker: 0
03:27
He’s just not asking if
Speaker: 2
03:28
you have a hookup. It’s just the
Speaker: 1
03:29
right one. Clearly.
Speaker: 0
03:30
No. But I’m I’m being deadly serious because we we had these homeless individuals in New York, you know, back in the day in the seventies, eighties. They were kind of like, hobos and vagabonds not seriously addicted, you know, suffering where they’re folding over and curled up in a ball from fentanyl.
Speaker: 1
03:47
Well well, to your point, I mean, meth and and and, the opioids are incredibly addictive, and they’re very hard to to to beat. Right? I mean, even people who are are wealthy and get addicted to these drugs have a very hard time. The recidivism rate is very high. And so, you know, you just had Antonio on here a minute ago, and he was talking about, you know, immigration and the border.
Speaker: 1
04:09
And one of the big problems with the border is the tens of thousands of people that die annually because of fentanyl that gets imported through China and through our border. And so, there’s a tie in, right, between federal policy and and local policy. But for us, again, in 1980 during the the cocaine era, ai different drug, we had 220 homicides.
Speaker: 1
04:29
So you had drugs hurting people, but you had the business of drugs very much hurting people. Right? Last so we started recording homicides in 1946 in Miami. Nineteen Forty Six, we had 32 homicides. From 1946 to today, the lowest number we ever had was 24. Last year, we had 27.
Speaker: 2
04:48
Wow. Okay?
Speaker: 1
04:48
We had 220 in 1980. This year, we’re trending below the 24. So we may this may be the safest year in the history recorded history of Miami.
Speaker: 2
04:57
Can you connect those thoughts, sir? Like, I think I think when people think about social policy, everybody confuses the correlation and causation. Yeah. But you’ve been in the seat now for a long time.
Speaker: 1
05:10
Yeah. So you’ve seen
Speaker: 2
05:11
what hasn’t worked, what has worked, what maybe has been correlated. But if you had to sort of, like, lay out the road map for other cities, but frankly, for other states, the rest of the country, what’s the road meh? The Francis Suarez road meh?
Speaker: 1
05:24
The formula for success is simple. Keep taxes low, keep people safe, lean into innovation. Right?
Speaker: 3
05:31
That’s what the city can
Speaker: 2
05:32
we just double click into those? Yeah. Of course. So I
Speaker: 1
05:34
can double click on each one
Speaker: 2
05:35
of them. Let’s take the other side of these things just to help the conversation. Because I believe in them, but let’s try to speak meh the other side. Sure. Keep taxes low. What people sai, if you look at California and if you look at New York, what they would say is we have a duty to invest in the social services and the infrastructure to support everybody that isn’t necessarily as well off or didn’t get the right side of luck, and we need to raise taxes in order to generate the revenues to fund that.
Speaker: 1
06:01
My my counterargument would be government is not a good purveyor of those services. It’s not an efficient purveyor of those services. So so just a double click. Right? I lowered taxes to the lowest level in history, and I and I took the city in 2009 as a councilman in bank out of bankruptcy.
Speaker: 1
06:16
So I got it in bankruptcy. We decided, this is sort of the Doge before Doge. We decided not to raise taxes. We cut cost. We we cut, you know, we didn’t we didn’t let anyone go, but we had tiered salary cuts, pension reform, and we balanced our budget.
Speaker: 1
06:29
And we had ten years of prosperity, and that prosperity led to a tripling of the size of our government. So we went from a $500,000,000 government to a billion and a half dollar government while lowering taxes. So we we grew 200%. Right? So the the the resources that we had to dedicate to these actually went up even though taxes went down.
Speaker: 1
06:47
And then, you know, when you have a place where there’s prosperity and where people are investing and where people are employed, they’re obviously not there there’s not as many social problems. So they’re not out there killing people. They’re not out there hurting people. So the nineteen eighties, we had, you know, we’re one of the murder murder capitals of Meh, and we’re now one of the safest big cities in America.
Speaker: 1
07:09
And then I think, you know, the the how can I help moment that you guys are all familiar with was this juxtaposition with what American cities were doing? Right? Famously, New York competes for and wins the Amazon h p two prize Right. And then rejects it.
Speaker: 2
07:23
Rejects it. Yeah.
Speaker: 1
07:24
And and and also famously in California, you had a I guess it was a legislator that said f Elon Musk.
Speaker: 2
07:29
Yeah. Elena Gonzalez.
Speaker: 1
07:31
Exactly. And she and he replied meh received, and he left.
Speaker: 3
07:33
And then she went to run a union. Right?
Speaker: 1
07:35
Is that where she ended up?
Speaker: 0
07:36
Yeah. I think she went to work for a union.
Speaker: 3
07:38
She’s the CEO of one of the big unions now.
Speaker: 1
07:39
But but the issue is what I tell people is, look. It’s it’s bad enough to kick out a trillion dollar company from your city or the richest person arguably in the world from your city. But think about the the signal. The signal to me is much, much greater. Right? The signal is if you wanna bring another headquarters or if you wanna be another company we just got FC Barcelona.
Speaker: 1
07:56
Two days ago, we announced that FC Barcelona ai their headquarters from New York to Miami. Right? Every single day, we announced, you know, $900,000,000 of loans and two projects in the last two days in two buildings. You know, our stadium, our Ai Miami Stadium. Yeah.
Speaker: 1
08:09
We have the FIFA World Cup headquarters for ai in the in the world. Right? So, I mean, this formula for success would seem simple. Other cities are getting it wrong completely backwards. Right? Their taxes are high. It’s not sana, and they’re not leaning into they’re rejecting innovation.
Speaker: 2
08:24
Is there are there downsides to growing this fast? Like, are there things that have to keep up that are harder to change, like building code, housing density, you know, those sort of cost of living things? Like, have those have you guys been able to drive reform there, or is that is that not where you wanted to be?
Speaker: 1
08:40
So Ken Griffin recently was interviewed in a fireside chat like this and said, I’d rather have the problems of success than the problems of failure. And so there’s no doubt that there are problems that stem from success. Right? And housing bryden, meh had a tremendous amount of inflation in the last administration.
Speaker: 1
08:55
And you you you sort of couple that with ai demand here in Ai, and you get hyperinflation. Right? So housing costs have certainly gone up significantly, and and we do everything we can to leverage public dollars and public assets ai land to try to build projects vatsal 15 to one or 20 to one leverage rate.
Speaker: 1
09:12
So for a hundred million dollars invested, we’ll get $2,000,000,000 worth of projects. There’s a 5,000,000 how you know, 5,000,000 housing shortage across the country, and Miami has its fair share just like any any other major city. Traffic, I know none of you guys have experienced any bad traffic this last few days.
Speaker: 3
09:27
Ai was in the car two two hours and forty minutes going over to that ai.
Speaker: 1
09:31
I’m not gonna I’m not gonna tell you how far along we are with the boring company ai trying to find underground boring systems or with some of the eVTOL companies that we’re working with. But I do think that transportation generally has to sort of turn the page from, you know, last generations archaic, solutions to
Speaker: 0
09:46
the next generation. Train that what what do you call it? The sunshine line or something?
Speaker: 1
09:50
Bright line. Yeah.
Speaker: 0
09:50
The bright line. Yeah. How did you get that done so quick? And everybody says it’s the greatest thing ever.
Speaker: 1
09:54
That’s a private sector project Okay. That was done by a company. We had a piece of it, which was we did a a piece from with Tri Rail to bring it into the station. And when we did that piece, we made it free for inner city residents to be able to use. So it was something that I was very proud of as part of my legacy.
Speaker: 0
10:09
So a private company built it. Correct. You gave them the right of way. No. They didn’t
Speaker: 1
10:14
buy it right away.
Speaker: 0
10:14
So it
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10:15
was totally private.
Speaker: 2
10:16
So look,
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10:16
we have micro mobility options that are private like scooters.
Speaker: 3
10:19
So all you did was just not get in the way? Exactly.
Speaker: 1
10:22
Shocking, by the way.
Speaker: 2
10:23
Shocking. Wow. What an idea. Woah. Let me
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10:25
let me yeah.
Speaker: 1
10:26
Yeah. Yeah. Let me
Speaker: 3
10:27
let me ask you. How how can
Speaker: 1
10:30
It’s like the Hippocratic oath. Do no harm. Do no harm. Yeah.
Speaker: 3
10:33
Yeah. How can mayors address they they come into office with a reform motivation, and they’re elected on, hey. We’ve gotta fit we don’t have what what Miami has. We gotta fix this. We gotta get get the city working again. We gotta attract business. We gotta attract growth. And they inherit this regulatory morass, this massive infrastructure.
Speaker: 3
10:51
Like, San Francisco recently, I I I got all caught up in the fact that you can’t put these phone booths in your office. You know, a lot of startups
Speaker: 0
11:02
Right. Don’t know
Speaker: 3
11:02
if any of you guys have these, these phone booths. You gotta have someone go in and make a call. You put the phone booth in. And all my startups, all the companies have ever been involved
Speaker: 0
11:08
in can’t put one in San Francisco?
Speaker: 3
11:09
So you you put these phone booths in, and then you can go in and make calls. So when everyone’s in an open desk configuration, but you gotta do a private call, you hop them in. So everyone loads up their offices with these phone booths. In San Francisco, they’re illegal. Turns out that you need to run you there and there’s a piece of paper, which I was actually gonna speak because it’s insane.
Speaker: 3
11:27
It’s, like, three pages long. All the things you need to know about the phone booths that you wanna put in your office. You gotta get an architect review, an engineering review, a design review. You gotta get sign off from the engineer. You gotta submit the permitting fees.
Speaker: 3
11:36
It gets reviewed by the city inspector’s office. You gotta design fire sprinklers that have to go into the phone booth.
Speaker: 1
11:41
It’s nuts.
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11:42
In case there’s a fire in the phone booth, someone needs to put out the fire in the booth.
Speaker: 0
11:45
That is hilarious.
Speaker: 3
11:46
So I was talk I was talking to some folks about, like, what are you gonna do about this? But the mayor’s kind of like, I don’t know if there’s enough action that I can take because it’s it’s it’s in law that there’s all this kind of regulatory stuff. How do you advise mayors that are stuck with this sort of an ai, and this is not just San Francisco, there’s a lot of big cities in this country that have books and books of this stuff, and we can talk about philosophically why this has happened, sociologically why this has happened, books and books of this stuff where the city can’t get out of the way.
Speaker: 3
12:16
Yeah. What do the mayors do? And when you guys get together, like, is there any advice or are we stuck? Like, what’s the what’s the solution?
Speaker: 1
12:23
Well, we’re not stuck. I Ai think it it’s cultural, right, at some level. You have to inculcate a culture where you empower your employees to innovate and and to to, you know, deconflict. I think, when people come to me with a problem, I say, look. First first issue is, if there’s something that’s blocking it that doesn’t make any sense, why don’t we just change it? We’re legislators. That’s what we do.
Speaker: 1
12:44
We legislate sai we can fix it. Maybe it happened. Maybe it made sense 20 ago. Maybe it made sense fifty years ago. Doesn’t make sense today.
Speaker: 1
12:51
Let’s just change it. I think regulation is the is the other side of the coin from innovation. Right? So regulation is telling you what you oftentimes what you can’t do or or how to do something. Innovation is To protect loss. It’s sort of a first principle thinking.
Speaker: 1
13:03
We’re gonna we wanna do this. Right? We we wanna make this work. And And I think, I always not always, but I regularly fall on the side of innovation. And I think you you ai as a public official, frankly, who’s elected by the people, really are the one that has to push the bureaucrats, the bureaucrat class. Right?
Speaker: 1
13:20
The bureaucrat cost, they get very accustomed to saying no. They’re risk averse. You know, they’re not incentivized oftentimes. Right? There’s no incentive structure that says, hey.
Speaker: 1
13:27
If you innovate, you’re gonna get x or y or z.
Speaker: 0
13:30
Yep.
Speaker: 1
13:30
And then I think the third piece of it is artificial intelligence. I really feel that there’s a breakthrough that’s gonna come. And it’s not just in transportation. We’re talking about EV tools and and underground boring and all that. But I think in in zoning codes and and all that, it’s it’s gonna be computer to computer.
Speaker: 1
13:47
Right? So the codes are all straightforward. Right? We have the same code for fifteen years. Right?
Speaker: 1
13:51
Probably 97 or 8% of all known decisions have already been made under this code. Right? So all you have to do is be replicated
Speaker: 2
13:58
going forward.
Speaker: 1
13:58
Right? Unless the code changes, and then you just change the coding and you make the decisions all over again. So it’s not that complicated. You should be able to submit something. The computer should be able to spit it out immediately. If it needs changes, it should tell you what the changes are.
Speaker: 1
14:09
A computer could look at that, make the changes, and spit it back in. Right? And if you were to do that, you know, it takes to get a permit on a on a home in most places in America or on a building in most places in Meh, you know, six months, nine months, a year, a year and a half.
Speaker: 1
14:24
I mean, it’s insane. It should be done instantly. I mean, it could literally be done instantly with the technology that we already have available to us today. Hundred billion dollar business, by the way, in case anybody’s Yeah.
Speaker: 3
14:32
Yeah. It’s sai great idea.
Speaker: 0
14:33
It’s a tyler idea. Sai think some startups have worked on it too.
Speaker: 1
14:36
I I know On
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14:37
the other side.
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14:38
That are working on it.
Speaker: 0
14:38
Yeah. They work on the other side of it. Building on Freeberg’s point, the two best proposals I heard about regulations, and I’m curious if you could steel meh them or, you know, just how practically you think they arya, putting, a time limit on regulation. So if you fought for some regulations around these phone boots, back when phone boots, you know, Superman changed his costume in them from the sixties and seventies.
Speaker: 0
15:00
Like, back from that era, maybe it lasts for twenty years, and then it expires. Or you sana add to regulations, to office space regulations, you gotta take one off the books. You know? And and those were the two proposals I’ve heard. Some way of timing these out, or, if you sana add, you gotta you gotta find something to take off. Are either those practical?
Speaker: 1
15:21
Ai kinda like the first one better than the second one because the second one, I mean, this sort of one for one. I mean, there’s gotta be a reason to do one or the other. Right? Okay. I I like the first one better. Actually what we normally do in government is the opposite. What we do is we do what we call pilots. Right? So you’ll do something that goes away very quickly.
Speaker: 1
15:36
Right? In other words, you implement implement a piece of legislation and say, oh, we’re gonna do it for a year. Let’s test it out. Right? And it’s a pilot and then it goes away.
Speaker: 1
15:43
I I like what you’re saying in terms of, you know, a a big part of regulatory culture can probably be phased out over a fifteen, twenty year period Yes. As being anachronistic. Right? It just doesn’t work.
Speaker: 0
15:57
5% a year get reviewed. And you you’re the government’s responsible for reviewing 5% a year for twenty years, and they recertify it 100%.
Speaker: 1
16:05
Right. And and then you have the ability to reimplement it if you think it makes sense. But I think what happens is you go back down to zero. You were asking, and Tony, and I was I was listening to the conversation. Because we did we did it. Like I said, we had to cut our budget by 20% in one year. And, and part of the problem is budgeting is like layering. Right?
Speaker: 1
16:22
It all layers on top of each other. Same as regulation. It layers on top of each other. So if you were sana be able to strip it down in a mechanical way, ai? In in an instantaneous way, as opposed to having to fight the the the structures. In our case, we’re very lucky.
Speaker: 1
16:35
There was a state statutory vehicle that allowed us to implement the cuts. Otherwise, we’d have to bargain for them in a in a union process. And obviously, no one would ever bargain to cut their salaries or no never bargain to cut their Nothing would have happened. It would nothing would have happened.
Speaker: 0
16:47
We would
Speaker: 1
16:47
have gone we would have been bankrupt. And then a court would have taken us over. We would have looked like a joke. And instead, we we cut costs and we and we ai and we thrived. Right? Going forward. And by the way, my employees now love me. They were not happy the first couple of years when we did it, but now they they they, I mean, I I don’t even have to go to a union interview when I when I run for office.
Speaker: 1
17:05
They just support me right away.
Speaker: 0
17:06
You sana be governor?
Speaker: 1
17:08
I I don’t think it’s quite that simple.
Speaker: 2
17:10
I wanna dunk.
Speaker: 1
17:11
I wanna dunk. Yeah. I wanna be able to dunk too. Look. I think that I’m a Republican for those of you who don’t know. And, you know, the president’s already weighed in the Republican primary. I respect the president’s perspective. I have a good relationship with congressman Donald’s.
Speaker: 1
17:25
So I I think politics is very circumstantial. We’ve talked about that a lot in the past. Yeah. So, you know, things sometimes conspire in your in your favor, ai time same time sometimes things don’t. Right? And I do think it is circumstantial.
Speaker: 1
17:38
So I think you have to weigh the circumstances. You know, I ran for president because I had a I had a thesis. The thesis was urban voters, Hispanics, and young voters, if they went Republican, would favor the Republican candidate or Republican candidate to win. And it they did.
Speaker: 1
17:53
It just wasn’t me. Right? It was a different candidate. But, you know, the president did a great job on podcasts. Right?
Speaker: 1
17:59
Going on all these podcasts that, you know, ai president didn’t do. And he got young voters and he got urban voters. Look. The Republicans never gonna win Philadelphia. Right?
Speaker: 1
18:09
Trump lost Philadelphia to Biden by 85%, but he lost Philadelphia to Kamala by 75%. And and that delta, the 75, 80 five, that 10% delta gave him Pennsylvania.
Speaker: 3
18:21
Yeah. That’s the election.
Speaker: 1
18:22
Which was such a crucial state. Right? Yeah. Like, arguably, the the winning state. Sai, you you you know, Republicans are never gonna necessarily win urban votes or the urban population centers throughout Meh. But you’re also seeing and ai I think it’s important to note you’re seeing Democratic mayors lose across America. London Breed lost in San Francisco.
Speaker: 3
18:41
Yeah.
Speaker: 1
18:41
Tashara Jones lost in Sana Louis. The mayor of of of Chicago, Lori Lightfoot lost.
Speaker: 2
18:45
On that point, you were the or still are the head of
Speaker: 1
18:48
I was. I was a president of US conference. I’ve been here for a year and a half.
Speaker: 2
18:51
Okay. If if if we had to ask you, you can’t live in Miami. Yeah. You met all those mayors. Who where are two places that you think are actually well run that aspire, you know, to do something great and have their together?
Speaker: 1
19:05
Cities?
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19:06
Take your time.
Speaker: 0
19:07
I I
Speaker: 2
19:07
Don’t jump to an answer.
Speaker: 1
19:09
Ai I’ll sai this. I’ll tell you a mayor that I like. How about that?
Speaker: 3
19:11
Okay.
Speaker: 1
19:11
Justin Bibb. Justin Bibb is mayor of Cleveland. We got got a couple of Cleveland people here.
Speaker: 0
19:17
Apparently.
Speaker: 1
19:18
There we go. Justin is a good friend. I have a lot of friends that are mayors. I’m a meh. You know, I love all my mayors because I was president of that institution. But I think Justin is a young, dynamic guy who’s smart, not super partisan, cares tremendously about his city, and and we talk a lot about it because, obviously, Miami and Cleveland are a little different.
Speaker: 1
19:38
Right?
Speaker: 0
19:39
On the margins. Yeah.
Speaker: 1
19:39
That’s fair. And and he and we joke about it. He says, you know, I wish I had the kind of problems you have. It’s time to go back to sort of the Ken Griffin quote. You know, they they don’t struggle with affordable housing. They got plenty of affordable housing because people don’t necessarily sana live there. Sorry, Jay. Sorry, Jay. I love you, bro. But, but it’s true. Right? It’s kinda true.
Speaker: 1
20:00
So so he’s dealing with economic, development. He’s dealing with he wants to he wants to be the Miami of Ohio in terms of getting investment, getting the tech community there, getting people special people to move into his community and believe in his vision. And, I think the company building is hard. As you guys know, you guys have built some incredible companies. Ecosystem building is even harder. Ai?
Speaker: 1
20:22
It’s it’s it’s a thousand x harder than building a big company.
Speaker: 0
20:26
I mean, companies take years into decades and ecosystems take decades into centuries. Yeah.
Speaker: 1
20:31
There.
Speaker: 0
20:32
It’s too different.
Speaker: 2
20:33
Yeah. Is there something that ai of the next gubernatorial campaign, let’s say you don’t run for governor Yeah. That’s a high impact job at the state level?
Speaker: 1
20:42
Not really. I get to practice, and I have a private sector life. I have a 11 year old and a seven year old. Sai, I mean, if the president called me and said, you know, I want you to be The US Ambassador to, you know, a country that I have a passion to help, you know, in terms of The United States, in terms of their relationship and world peace and things of that nature, which I think are high ROIs for for the time investment and the financial sacrifice that you have to make, I would strongly consider it.
Speaker: 1
21:09
But other than that, I mean, I’m I live a very blessed life. You know? I I I’m the mayor of the best city on the planet. You know? Yeah.
Speaker: 1
21:17
And I have incredible, incredible, incredible bosses. These are my bosses. I have the best bosses in the world. Yeah. And they’re constantly encouraging me.
Speaker: 1
21:25
They’re constantly cheering me on, on, and and and I live and breathe for them. I wake up early in the morning. I go to bed late, and I carry their problems, their hopes, and their dreams in my soul.
Speaker: 0
21:34
Alright. Give it up for Francis Suarez, your mayor. Thank you to our friend, Francis Suarez, the mayor of Miami, for joining us on stage at our f one event. And thanks to you, the audience, for tuning in. Give us a like, a thumbs up, a subscribe, write and review, whatever you’re into. Maybe send it to a friend.
Speaker: 0
21:52
If you wanna come to our next event, it’s the All In Summit in Los Angeles, Fourth
Speaker: 4
21:58
year for All In Summit. Go to allin.com/events to apply.
Speaker: 0
22:02
A very special thanks to our new partner, OKX, the new money app. OKX was the sponsor of the McLaren f one team, which won the race in Miami. Thanks to Ai and his team, an amazing partner and an amazing team. We really enjoyed spending time with you. And OKX launched their new crypto exchange here in The US. If you love all in, go check them out. And a special thanks to our friends at Circle.
Speaker: 0
22:26
They’re the team behind USDC. Yes, your favorite stablecoin in the world. USDC is a fully backed digital dollar redeemable one for one for USD. It’s built for speed, safety, and scale. They just announced the Circle Payments Network.
Speaker: 0
22:42
This is enterprise grade infrastructure that bridges the gap between the digital economy and outdated financial analysts. Go check out USDC for all your stablecoin needs. And special thanks to my friends, including Shane over at Polymarket, Google Cloud, Solana, and BVNK. We couldn’t have done it without y’all. Thank you so much.
Speaker: 0
23:02
We’ll let your winners ride. Rain meh David’s side. And instead, we open sourced it to the fans, and they’ve just gone crazy with it. Love you, West. Queen of quinoa. Besties are all. That is my dog taking it out of this in your driveway syntax. Oh, man.
Speaker: 0
23:32
My appetizer will meet me at We should all just get a room and just have one big huge orgy because they’re all just useless. It’s like this, like, sexual tension and we just need to release that out.
Speaker: 2
23:42
Wet your feet. Wet your feet.
Speaker: 0
23:49
Are back? I’m doing all in.
