Coffee With Scott Adams — Knowledge Archive May 24, 2026
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Episodes Episode #3025 Segments
MainContent Economics & Finance

Back to episode — Episode 3025 CWSA 11/21/25

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thout an airtight audit system. It would be just absurd. It would be the height of stupidity to give away billions of dollars and have no mechanism for checking where it goes, which is pretty close to the current system, I guess. And then also, this is almost humorously ridiculous, that Ukraine also is pushing for quote full amnesty for actions committed during the war. So Ukraine wants to make s…

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if you indirectly improve people's nutrition that they don't need as much health care.

So in some indirect ways, the Republicans can negotiate the pharma prices down, which he did. There could be higher employment if Trump's economy results in more people being hired than they buy their own health care in many cases. So there's a whole bunch of things they can do that would sort of be in that direction but you wouldn't be able to claim credit for it so well because it'd just be this grab bag of miscellaneous things.

So I think JD is smart enough because you need your smartest people working on health care. No doubt about it. But I would love somebody to explain to me where all the money is going. Have you ever wondered about that? Like, how did we get to the point where health care cost this amount and then suddenly it's three times that amount and not much time has gone by? Where exactly did those extra dollars go?

Has anybody ever shown you on a chart, it would have to be a highly simplified chart, you know, the dollar leaves your pocket and then where does it go? I have no idea. Is there any element of where your health care money goes that any reasonable person could say, "Aha, if we stop this going over there, we can just save all that money"? Is there anything like that?

See, the trouble with a health care plan is that unless it costs less money, it's a nothing. Would you agree? That's the whole game. The game is to make sure we have some pretty good health care. But separately, we need to vastly, grossly reduce the price. Well, whose pocket is that going to come out of? And who has ever even told us whose pocket that's going to come out of?

If you say generic stuff like, "Oh, the insurance companies are getting rich." Well, show that to me. Show me that the insurance companies collectively are making so much money that if you were to cut their profit in half that the price that people would pay for health care would go down by 50%. Would it? Or would it go down by 1%? We don't really even know where the money's going, do we?

So I would say job one, if you were a JD Vance or whatever Republican works on this, job one would be to figure out where the money's going. And then you have to come up with a plan that addresses each of those buckets such as all right, you can see that all this money goes into this particular thing, this money goes into this particular thing.

So yesterday I needed a little bit of health care. How many people do you think get involved? Like 12 to 20 people by the time I'm done for any little health care item. And it's just because the system is trying to be very careful and is trying to make sure all the right people get pulled into decisions and make sure that nobody drops the ball on anything. But the end result of just taking care of everything really scrupulously is that it could cost $100,000 to do something that looks like it should cost $100. It looks like it. Now I'm not talking about the cost of a machine or the cost of the meds, but the human cost and the physical capital.

The health care system in this country really needs to be understood at a different level than we do. So job one, JD Vance and somebody like him would be perfect. You're going to need something like a Silicon Valley guy or gal. You need somebody who can look at a complicated business and say, "Aha, here's where all that money is going. So we'll concentrate on here to get some back." And that sort of does scream Silicon Valley venture capitalist, but people who are on your side. So that's what I'd be looking for. I wouldn't believe any health care plan from Republicans that did not go through somebody who really understands money and how to manage it.

Anyway, here's some fake news. How many times have you read an article or seen on social media that the company BlackRock owns all the meat packing businesses in the United States and maybe all the pharma? How many of you have seen that on social media and said that looks true, that this one company, BlackRock, owns all of the meat packing companies? There are only four of them. Only four of them. But how many of you think that's true? That's not true.

How could you think that was true? That one company owns all the meat packing and that one company owns all the big pharma and that one company owns all the food companies. How in the world can you think that was true? I mean, seriously, that is so far from being true.

Do you know what is true? BlackRock probably owns a little piece of equity in just about every major US company because they're so big. They kind of have to have their beak in everything. The truth is they do own part of a whole bunch of big companies in the United States. Do they have controlling interest of the meat packing? Nobody ever told me one way or the other because all I hear is this ridiculous thing that they own them. They don't own them. They can't tell the meat packing company what to do. The meat packing company has lots of stockholders and they all have an opinion.

Now, how many of you are slapping yourself on the forehead and saying, "Thank you, Scott. I've been listening to everybody say that one company owns all the other Fortune 500 companies. I've been listening to that for five years. I knew that couldn't possibly be true. Thank you for saying that in public because now maybe I'll feel braver to say it in public too." But really, did you really think that one company owned all those other companies? Like all the pharma, all the food companies, all the meat packing companies.

A lot of people believe that there are other things in that category, but I don't want to give them all to you at once, if you know what I mean.

All right. Job market's looking good. You heard that yesterday. The job report came in good. I don't know if you can believe anything about jobs. How many of you believe anything about jobs? Oh yeah. And all the real estate. Yeah. And then there's separately another belief that's also false that all of the single family homes got bought up by not BlackRock but what's the other company that starts with Black but has something else in the end? Yeah, that's another one where they just own some percentage of things.

All right. So Zohran Mamdani, speaking of jobs, he says he's going to the White House. That might be today. I think I may have seen a post on it yesterday that referred to today. So either today or tomorrow. Mamdani is going to the White House and he wants to tell Trump that deportations will no longer be permitted in New York City after he takes power. No longer be permitted. So that should work out great.

And blindly supports Trump. Blindly. Do you think that saying that I blindly support Trump is

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an insightful comment? I literally talk about every element of Trump top to bottom every day for 10 years. You don't think I've looked into it? You don't think I did a little analysis that maybe I could answer some questions on this topic? You don't think maybe I know more than you do? Some of the critics are so funny. They're so bad at even being critics. Anyway, my guess is that Trump is going…

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