E30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 23 April 2021
⏱️ 84 minutes
🧾️ Download transcript
Summary
Follow the besties:
https://twitter.com/DavidSacks
Follow the pod:
https://twitter.com/theallinpod
https://linktr.ee/allinpodcast
Intro Music Credit:
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
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
Transcript
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| 0:00.0 | Shout out to a company saxon |
| 0:20.6 | I'm awake you |
| 0:22.6 | I'm done I quit I'll give a shout out to |
| 0:24.9 | R.F.E. which has got acquired by a |
| 0:48.9 | Hey everybody welcome to the All in podcast I'm Jason |
| 0:52.5 | Calacanus with us today the rainman himself calling in from an undisclosed location the Queen of Kenwa and of course the Dictator himself |
| 1:01.4 | Chimoff Polly, how about to you? |
| 1:03.9 | All right boys, how are we doing? |
| 1:05.9 | Feels low energy today. What's going on great? How are you? What's going on? Let's go. Let's do this. Let's do this. I love it |
| 1:13.0 | Let's go |
| 1:15.0 | All right, you're hot you're coming in hot. Well breaking news breaking news Biden has announced |
| 1:23.7 | His capital gains tax hike. I don't think this impacts any of us, but |
| 1:29.4 | I do will propose almost doubling the capital gains tax rate for wealthy individuals from 20% to |
| 1:37.1 | Not 25 not 28 39.6% to help pay for the social spending |
| 1:43.3 | And in |
| 1:45.9 | Equality for those earning one million or more so nobody on this call federal tax rates could be as high as 43.4% the capital gains increased would raise |
| 1:55.1 | $370 billion over a decade |
| 1:57.3 | Yada Yada for New Yorkers the combined state and federal capital gains rate could be as high as 52.22% and Californians |
| 2:05.9 | 56.7% Biden has previously warned that those earning over 400,000 can expect to pay more in taxes |
| 2:15.2 | This was just breaking news a couple of hours before we started the pod |
| 2:20.1 | And the stock market is |
| 2:23.0 | Down |
... |
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