I just think we are the triangle of innovation and agility and capital. And we're at each other's throats at the same time, that's what's so sad. The biggest threat to America is not an external force. It's not a murderous autocrat like Putin but one party who wants to cozy up to him because they see an opportunity to make Democrats look bad. Defunding the IRS is nothing but a tax increase on lower middle income homes. Every year the top 1% avoid about $160 billion in taxes because there's no cop on the beat. 50% of all profits from US corporations have been off shore to lower tax domains.
The Fed eases up on the brakes, Elon Musk looks for new ways to monetize Twitter, and Snap has another rough quarter. Also: Meta may have prevailed in a fight with the FTC. Today’s Friend of Pivot is Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the DOJ. He stops by to discuss Google, antitrust, and his agency's fight against monopolies.
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