Chapter
The Stalemate on Taxing the Rich
1:14:12 - 1:22:59 (08:46)
The debate over taxing the rich is a stalemate with arguments for and against, though some agree that taxation should occur when companies have matured and are profitable. Critics claim that these businesses destroy the old economy and eliminate jobs.
Clips
The debate over whether or not corporations should be taxed to stimulate economic growth continues, as some believe accumulating wealth can lead to job destruction and growing the economy, while others advocate for taxing corporations as a proxy for taxing GDP.
1:14:12 - 1:18:41 (04:29)
Summary
The debate over whether or not corporations should be taxed to stimulate economic growth continues, as some believe accumulating wealth can lead to job destruction and growing the economy, while others advocate for taxing corporations as a proxy for taxing GDP. Chamath Palihapitiya suggests that profitable businesses that start distributing dividends and cash might be the right time for taxation.
ChapterThe Stalemate on Taxing the Rich
EpisodeE49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The United States state governments, including local governments as seen in San Francisco, California, all the way up to the federal level, are spending money in a way that benefits only a few.
1:18:41 - 1:20:48 (02:06)
Summary
The United States state governments, including local governments as seen in San Francisco, California, all the way up to the federal level, are spending money in a way that benefits only a few. Student loan programs, housing programs, and infrastructure programs are giving away money to private companies that profit off government spending, increasing the national debt and creating a looming debt crisis.
ChapterThe Stalemate on Taxing the Rich
EpisodeE49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The value created by private funding and companies in the last decade is estimated to be around $3 trillion, something that all entrepreneurs and employees should be happy about.
1:20:48 - 1:22:59 (02:10)
Summary
The value created by private funding and companies in the last decade is estimated to be around $3 trillion, something that all entrepreneurs and employees should be happy about. The resistance to the notion of progress is short-sighted and we should be optimistic for the future.