Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Referenced in the show: Federal Net Outlays as Percent of GDP https://fred.stlouisfed.org/series/FYONGDA188S Wayback Machine / WhiteHouse.gov https://web.archive.org/web/20010118204900/http://www1.whitehouse.gov Reuters https://www.reuters.com/business/healthcare-pharmaceuticals/india-posts-daily-rise-over-300000-covid-19-cases-record-death-toll-2021-04-22 Show Notes: 0:00 Intro 1:19 Biden's capital gains tax hike 21:33 Addressing the federal budget problems 42:16 Chauvin verdict, media coverage 50:06 Hulu WeWork documentary, Founder psychology 59:46 COVID surge in India 1:11:01 Poor media performance in 2021
In this episode of the All In podcast, Jason Kallikanis, Rain Man David, the Queen of Kinwa, and Chamath Pali Apatiya discuss various topics with high energy.
The increase in the long-term capital gains tax from 20% to 40% is a significant economic policy shift proposed by Biden, with the intention of using it for social spending. This could potentially impact wealthy individuals who would see their capital gains tax nearly double.
The potential increase in capital gains tax rates could have significant implications for the opportunity economy and risk capital. The change in behavior from investors may impact the capital formation pools outside the United States, resulting in a ripple effect on the economy.
The capital gains tax is discussed as a way to address wealth inequality, while the speaker notes that the government's allocation of funds will likely not be cut.
The significant amount of federal spending and employment makes it difficult to create accountability in the government spending system. Over 10 million Americans are employed by the federal government and much of the economy is supported by federal government spending.
The success of Israel is seen as remarkable as being surrounded by Muslim countries, it has still thrived and was never invaded. The government of Israel has enabled human capital outcomes while still being relatively small and fixed.
The speaker suggests moving all non-essential financial assets into a charitable vehicle, as they do not believe the proposed budget cut to entitlements will ultimately pass.
The speaker comments on the political polarization in society, mentioning the extremes of both the right and the left, while highlighting the importance of personal freedom.
The speaker mentions that the federal government faces difficulties in addressing some issues, like the advice given by some to not watch the news amidst recent events. An analogy is used to describe the government's limitations in taking action.
This podcast discusses the potential risks associated with high beta personalities and how they can lead to disastrous outcomes such as the Theranos scandal or the Nexium cult, highlighting the role of enabling and complicit behavior from boards of directors.
Founders need to display a higher level of aggressiveness than the average person in order to push hard and persevere, which sets them apart from others who might not be as determined to succeed.
India is currently experiencing a surge in COVID-19 cases, with over 300,000 new cases per day. Despite having 60 million shots available, the number of people getting vaccinated is decreasing.
Antibodies may be less successful in fighting off new variants of COVID-19, but the chances of someone who has been double vaccinated getting infected and transmitting the virus is so remote that it is not worth considering.
The media's obsessive coverage of mass shootings may be inciting more shootings and inspiring individuals to commit violent acts as a means for gaining fame. This phenomenon is similar to the way in which the coverage of suicides on the Golden Gate Bridge led to more suicides.
The attempted formation of a Super League in European soccer led to a fan backlash and the project's demise within 24 hours. Meanwhile, SOFI filed updated documents and an updated S4, following refined guidance on accounting for certain liabilities.
This transcript begins with a rambling introduction that doesn't provide any specific or relevant information.
A nonsensical conversation involving cankle bracelets, missing necks, and a dog taking a driveway ensues.