E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
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Intro Music Credit:
https://twitter.com/yung_spielburg
Referenced in the show:
Axios - Changes to capital gains taxes omitted from Biden's infrastructure plan
Cal Matters - A wealth tax could sabotage California’s recovery
https://calmatters.org/commentary/my-turn/2021/03/a-wealth-tax-could-sabotage-californias-recovery
Healthline - COVID-19 Vaccines May Help Stop Virus Transmission: Here’s What We Know
Show Notes:
0:00 Besties intro, state of the public & private markets
18:54 Chamath receives inspiring note re: last week’s longevity talk
21:17 Archegos debacle, issues with trading on margin
32:26 Biden’s infrastructure bill, US government becoming overleveraged
45:45 Potential tax hikes, inefficient deployment of capital, California wealth tax impact
52:59 Trade off between freedom & equality, how free markets spur innovation, generational changes
1:05:14 Is a wealth tax constitutional? Vaccine update