Chapter
The Incentive to Not Tax Big Tech
40:09 - 51:52 (11:42)
As countries like the UK and France see the immense profits that top tech companies make, it becomes difficult for them to ignore their tax capacity. In light of the pandemic, people may also pull forward all their spending and the Federal Reserve St. Louis has started publishing the 10-year break-even interest rates people are beginning to collectively think about.
Clips
Janet Yellen has expressed her support for a global minimum tax of 12% to be implemented on big tech companies as a way to address their massive profits and underpayment of taxes.
40:09 - 44:29 (04:19)
Summary
Janet Yellen has expressed her support for a global minimum tax of 12% to be implemented on big tech companies as a way to address their massive profits and underpayment of taxes. This move could potentially chip away at the monopolies of these companies that have been benefiting from tax loopholes in various countries.
ChapterThe Incentive to Not Tax Big Tech
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The pandemic may have pulled forward consumer demand, causing people to make purchases earlier than they normally would have.
44:29 - 48:36 (04:06)
Summary
The pandemic may have pulled forward consumer demand, causing people to make purchases earlier than they normally would have. This could result in decreased private investment and a rise in interest rates as government spending continues to increase.
ChapterThe Incentive to Not Tax Big Tech
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker notes that he is willing to overpay for a startup he really believes in, but will sit out from investing in startups with high valuations that he can't get his head around.
48:36 - 50:08 (01:31)
Summary
The speaker notes that he is willing to overpay for a startup he really believes in, but will sit out from investing in startups with high valuations that he can't get his head around. He believes that high valuations in public markets will trickle down to venture capitalists.
ChapterThe Incentive to Not Tax Big Tech
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Clubhouse, a popular audio chat app, experienced a massive increase in valuation and downloads during the pandemic, but has recently seen a decline in usage.
50:08 - 51:52 (01:43)
Summary
Clubhouse, a popular audio chat app, experienced a massive increase in valuation and downloads during the pandemic, but has recently seen a decline in usage. The app allows users to join live audio conversations and has attracted significant interest from investors despite having zero revenue.