Trump Only Gets Worse as Billionaires Panic Behind the Scenes
IHIP News
Jennifer Welch & Angie Sullivan
4.8 • 4.6K Ratings
🗓️ 24 May 2026
⏱️ 34 minutes
🧾️ Download transcript
Summary
We are joined by Gubernatorial candidate of California, Tom Steyer to discuss why billionaires like him should be taxed.
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Transcript
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| 0:00.0 | Okay, joining me today on IHIP News is Tom Steyer, an investor, climate activist, and progressive Democratic candidate for governor of California. |
| 0:16.1 | How are you today? |
| 0:17.3 | Great, Jennifer. Just great. |
| 0:19.2 | Okay. You're a billionaire. Everybody knows that. Everybody knows who all the billionaires |
| 0:24.7 | are. And I have a theory about billionaires. And I think that they all are suffering from |
| 0:32.0 | some sort of like psychosis. They all seem nuts. They all seem absolutely bat-shit crazy. So Tom, are you suffering from this |
| 0:42.5 | billionaire psychosis? Are you a crazy person? So let me say this, Jennifer. I'm going to start with |
| 0:48.6 | no, but of course I'm not objective about it. Look, I didn't inherit any money. I started a business in one room with no windows. |
| 0:57.0 | It worked out well. |
| 0:58.0 | I walked away from it 14 years ago, leaving billions of dollars on the table. |
| 1:03.0 | And my wife and I took a pledge that will give the money away while we're alive. |
| 1:07.0 | So any money that I made from business is going to go to the progressive causes that I'm talking about in my run for governor. |
| 1:15.6 | And we've been doing it for 14 years for me full time, but Kat's been doing it forever. |
| 1:21.6 | And I was doing it when I was running in a business. |
| 1:25.1 | So let me say this. |
| 1:26.6 | I think if you're addicted to money, you are bad shit crazy. I go along with that. And I think it's critical. And I think that Catherine and I aren't addicted to money. In fact, we're addicted to getting rid of it in the ways that have the most positive impact. And I don't think that's bad shit crazy. And I think it's exactly in line with the way I was brought up. |
| 1:45.9 | My mom was a school teacher in Harlem. |
| 1:48.9 | And then when she retired from being the public schools, she taught in prison. |
| 1:53.3 | My dad was a lawyer. |
| 1:54.8 | He worked. |
| 1:55.4 | He was in the Navy. |
| 1:56.5 | And after World War II, they drafted him to be one of the prosecutors of the Nazis |
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