Please welcome Reid Hoffman.
-Welcome to the show.-Great to be here.
Uh... first thing's first--stop spamming my inbox.
That's your friends doing that.
-That's my friends?-Yes.
Those are not my friends.Those are my enemies. Yes.
-Well, they like you, anyway.-That's what they are.
Welcome to the show.Thank you for being here.
It's strange, because you're nothere to chat about LinkedIn.
You're not on the road
talking to peopleabout your products at all.
You are on the roadencouraging people
to not vote for Donald Trump.
Well, "on the road" todayis not, uh...
is-is-is... is partial...
it's essentially this.
There is a, uh,good candidate for president
who has spent years preparing,who has the skills to do this.
-Yes. -There's another one who'sa reality television star show.
-Uh-huh. -Right. That's...makes great television,
makes great entertainment--is not great for governance.
And so I thinkit's really important
that we, as a country,make the right decision,
and enough so thatthis is the first time
I've actually reallyever spoken up politically.
Okay, let me ask you this.
Donald Trump is runningon one major platform,
and that is:I'm not a politician,
I don't want that experience,I'm an outsider,
but most importantly,I'm a businessman.
I'm the man of business.
And he says,"I know what to do
to make Americalike a business."
-You're a businessman.-Yeah.
-You're a real billionaire.-Yes.
When you look at Trump...
Well, 'cause I don't reallybelieve he has billions.
Like, when youlook at Donald Trump,
as a billionaireand as a businessman,
do you go,"Oh, yeah, that's my dude"?
Or do you think somethingcompletely different?
Well, obviously,something completely different.
I think what, uh,Mayor Bloomberg said
-at the DemocraticNational Convention, -Yes.
which is, "He wants to run thecountry like his business,
God help us."
I think that's actually,in fact, the right angle.
And, you know,if you look at...
Like, I've-I've actuallytalked to people
he's done business with.
You know, lawsuits, breakages,not keeping his word,
-not paying his suppliers.-Yeah.
That's not good business, right?
-Bankruptcies--that's not good business. -Yeah.
Off-loading that debtto the public,
and saying, "Here, you guystake the pain for this."
That's not good business.
That's not what makesa good businessman.
What makes a good businessman issomeone who constructs something
that essentially has a growing,healthy role within society.
And those are the kinds of-ofbusinesses that we aspire to.
Now, now you-you decided to putyour money where your mouth is.
-You issued a challenge-- was itfive million dollars? -Yes.
You said you will givefive million dollars
to a veteran's charity
if Donald Trumpreleases his tax returns.
I found a, um... a crowd-fundingsite called Crowdpac,
um, that... Uh, actually,I-I know about the site.
I found a, um...a campaign on it
-from a former marinein Iraq, who said, -Yes.
"Look, we have served.We have given, you know, risk,
"and life and limb, so, uh,
"you should do so if you wantto serve as well.
"You should be transparent,open about your taxes.
"So I'm gonna raiseup to $1 million
as a challenge grant."
I thought this was a great idea,so I said, "Okay,
I will 5X match this, right?"
And, actually, frankly,I don't even need to match it.
If he releases allof his income taxes,
the way that presidentialcandidates should--
they should be open,they should be transparent,
they should be tryingto serve the country--
I will donate the $5 millionto the charities
that Pete Kiernanhas identified.
So what you're saying is...
(cheering and applause)
Oh, it's... it's nice...
it's nice to applaud,but what you're saying
is you're notgonna donate any money.
'Cause Donald Trump'snot gonna hand in those returns.
Here-Here's a questionI have for you,
as somebodywho works in-in Silicon Valley,
someone who has a lot of money,someone who's working
in a very successful field:Donald Trump claims
that, as a businessman,the reason he tries to pay
as little tax as possible--if, maybe no federal taxes--
is because, uh, the governmentis gonna waste it.
And because he is doing
what he does because he's smart.
So, you're in... you'rein the-the private space--
would you argue that you coulddo better things with the money
than the government can? Is-isthere an argument on that side?
Well, I mean,I think that there's
lots of places in governmentwhich are great:
police, fire, you know,Medicare, Social Security.
-There's a bunch of thingsthat are super important. -Yes.
And those are thingsthat we should all
feel our responsibilitiesand honor,
-as American citizens,to pay our taxes. -Uh-huh.
Claiming that it's not smartto be contributing
to the American system,especially when
-you're seeking to lead it, issimply terrible, right? -Yeah.
So, now, are there clearly areaswhere government and bureaucracy
gets ineffective? And you say,"Well, I can actually...
On those areas, I know how toallocate capital better." Sure.
But that's a natural partof what happens
in a government system,when we try to create
an education system for allof us, when we try to create
a medical system for all of us.That's a natural part of it.
And we should try to fix it,but we still need
to have those systems.That's-that's what gives us
the societythat we're all part of.
You-You're having a lot of funwith this as well.
You've got a-a little gamethat you made
and, really, for no reasonother than to mess with Trump.
It's called Trumped Up Cards,
and it's a game of just dissingTrump, basically.
Why-why would you do this?
-Well... -'Cause you realize,if he becomes president,
-you're dead.-(laughing): Yes.
I am aware of that. Uh,I first made it for friends,
-uh, 'cause I thought it wouldbe hilarious, right? -Yeah.
It's a little bit, actually,you know, inspired by, you know,
-your show and, like...-Oh, don't involve me.
-No, no, no. No, no, no.-Hey. (laughs)
-That's why I came. -You carryon. No, you carry on. Yeah.
I'm just gonna hide behind you.You know how this works, right?
And so, uh...so we made it for friends
and we-we're distributing itaround
and-and we started getting--even from among
my Republican friends-- saying,"Look, this is really hilarious.
You should make this availableto other people."
And then, uh, all the proceedsare going to...
Oh, uh, some charities.Uh, we're in the process
of working it out.We may do it democratically.
-Like, we may do some votes.It's... -Like people
just choosing where it goes to,but you're not keeping any
-of that money. -No. I-I'm notgonna make a single dime
-of profit on it. -Well, I mean,you're a billionaire.
-You shouldn't. -Yeah.(chuckles) My thought, too.
I appreciate that. Thank youso much for being on the show.
-Thank you.-To purchase Trumped Up Cards,
go to TrumpedUpCards.com.Reid Hoffman, everyone.