2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

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

CHAPTER

Are You Going to Tax the Ugly Rich?

The US has taken on a massive amount of federal debt to fund programmes that we believed were going to keep the population employed. The only way to support this new federal budget and, you know, this new service and cost is to raise taxes. "Most of these guys that are uber uber rich, you know, have no desire to sell because it's for them, it's a control issue to sell," he says.

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