Episode
E30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
1:23:36
Published: Fri Apr 23 2021
Description
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
Chapters
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.
00:00 - 01:16 (01:16)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
01:16 - 06:12 (04:55)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The potential increase in capital gains tax rates could have significant implications for the opportunity economy and risk capital.
06:12 - 16:41 (10:28)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
16:41 - 24:08 (07:27)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The significant amount of federal spending and employment makes it difficult to create accountability in the government spending system.
24:08 - 29:13 (05:04)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The success of Israel is seen as remarkable as being surrounded by Muslim countries, it has still thrived and was never invaded.
29:13 - 35:10 (05:56)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
35:10 - 41:19 (06:09)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
41:19 - 45:42 (04:23)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
45:42 - 50:00 (04:18)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
50:00 - 55:09 (05:08)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
55:09 - 59:11 (04:02)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
India is currently experiencing a surge in COVID-19 cases, with over 300,000 new cases per day.
59:11 - 1:02:17 (03:05)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
1:02:17 - 1:11:05 (08:48)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
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.
1:11:05 - 1:14:36 (03:30)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The attempted formation of a Super League in European soccer led to a fan backlash and the project's demise within 24 hours.
1:14:36 - 1:19:57 (05:21)
Summary
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.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This transcript begins with a rambling introduction that doesn't provide any specific or relevant information.
1:19:57 - 1:22:05 (02:07)
Summary
This transcript begins with a rambling introduction that doesn't provide any specific or relevant information.
EpisodeE30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A nonsensical conversation involving cankle bracelets, missing necks, and a dog taking a driveway ensues.
1:22:05 - 1:23:21 (01:15)
Summary
A nonsensical conversation involving cankle bracelets, missing necks, and a dog taking a driveway ensues.