Chapter
The Pendulum Swings: Reaction to the Trump Era
23:56 - 30:34 (06:37)
The current administration's response to the Trump era is to divert back to an overregulated and bloated government infrastructure and programs. It remains to be seen what will come of this experiment.
Clips
The introduction of a wealth tax in France resulted in the loss of more tax revenue than generated from the tax.
23:56 - 27:03 (03:06)
Summary
The introduction of a wealth tax in France resulted in the loss of more tax revenue than generated from the tax. The implications of introducing such a tax in the United States include the possibility of successful Americans migrating to other countries.
ChapterThe Pendulum Swings: Reaction to the Trump Era
EpisodeE53: Wealth tax, dealing with inflation as a capital allocator, big tech earnings, Facebook's rebrand, paternity leave & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The plans of some policymakers had to be altered when Sinema decided she would not support the rate increases.
27:03 - 28:30 (01:26)
Summary
The plans of some policymakers had to be altered when Sinema decided she would not support the rate increases. They could have avoided the issue if they had gone to her earlier in the process.
ChapterThe Pendulum Swings: Reaction to the Trump Era
EpisodeE53: Wealth tax, dealing with inflation as a capital allocator, big tech earnings, Facebook's rebrand, paternity leave & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Biden administration’s increased spending plans may be a reactionary response to the previous spending cuts of the Trump era.
28:30 - 30:34 (02:04)
Summary
The Biden administration’s increased spending plans may be a reactionary response to the previous spending cuts of the Trump era. However, a compromise on spending may need to occur for the current spending plans to be sustainable with the economy.