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E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
All-In with Chamath, Jason, Sacks & Friedberg
Capital Gains Taxes
In a democracy, there is always this tension between freedom and equality. A socialist state with less freedom takes everyone forward together, but you don't make as much progress. And so if you want to have freedom, you have the most amount of progress, but you have the least amount of equality over time. We're coming into a cycle now where we're going to vote in favour of more freedom for all. This kind of redistribution or reversion could mean that people get back on the same page as before. That's my thesis - i'd love your feedback on it.
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