Chapter
Inflation Reduction Act Fallout for Middle Class
34:06 - 40:37 (06:31)
Bloomberg reported that the Inflation Reduction Act recently passed may not solve the root cause of inflation, and instead the middle class in America may end up primarily paying the tax bill for the minority who made bad financial decisions.
Clips
A discussion on the potential consequences of the increase in investing in NFTs, stocks, and housing, and the recent inflation reduction act that doesn't solve the root cause of the issue of increasing student loan debt.
34:06 - 38:03 (03:57)
Summary
A discussion on the potential consequences of the increase in investing in NFTs, stocks, and housing, and the recent inflation reduction act that doesn't solve the root cause of the issue of increasing student loan debt.
ChapterInflation Reduction Act Fallout for Middle Class
EpisodeE93: Twitter whistleblower, cloud security vulnerabilities, student debt forgiveness & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The government's involvement in funding and supporting the educational infrastructure in the US has resulted in the middle class paying a tax bill for bad decisions made by individuals who took out student loans with negative ROIs.
38:03 - 40:37 (02:33)
Summary
The government's involvement in funding and supporting the educational infrastructure in the US has resulted in the middle class paying a tax bill for bad decisions made by individuals who took out student loans with negative ROIs. Money-hungry institutions are benefiting from these loans while the ultimate beneficiaries are not the individuals who took them out.