Chapter
Reallocating Retirement Funds
54:30 - 1:00:12 (05:42)
The reconciliation bill aims to disallow retirement funds to invest in alternative assets, such as startups and venture capital funds. Instead, public pension funds, endowments, and retirement funds should be allowed access to venture capital so that investments can be made earlier and redistributed to a broader population through sensible tax policies.
Clips
The podcast discusses the ongoing debate over corporate tax policy and the challenges in passing the bill due to disagreement over raising corporate taxes.
54:30 - 55:47 (01:17)
Summary
The podcast discusses the ongoing debate over corporate tax policy and the challenges in passing the bill due to disagreement over raising corporate taxes. The importance of implementing sensible tax policies to raise funds for the government and re-allocate it to other sectors is highlighted.
ChapterReallocating Retirement Funds
EpisodeE49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Elon Musk morally believes that the wealth he generates should be put back into society, and as a result, he was the first to invest in SpaceX and Tesla and will be the last to leave.
55:47 - 57:31 (01:43)
Summary
Elon Musk morally believes that the wealth he generates should be put back into society, and as a result, he was the first to invest in SpaceX and Tesla and will be the last to leave. Musk was able to use the money he generated from selling PayPal to reinvest in Tesla.
ChapterReallocating Retirement Funds
EpisodeE49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The reconciliation bill disallows retirement funds from investing in alternative assets, such as startups and venture capital funds, in an effort to promote the public pension funds to invest more in venture capital.
57:31 - 1:00:12 (02:40)
Summary
The reconciliation bill disallows retirement funds from investing in alternative assets, such as startups and venture capital funds, in an effort to promote the public pension funds to invest more in venture capital. It also proposes a cap on the benefit of retirement accounts above $50 billion.