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E35: Biogen's controversial Alzheimer's drug approval, the billionaire space race, real estate, Bitcoin & more
All-In with Chamath, Jason, Sacks & Friedberg
Is There a Mechanism for Wealth Creation?
Bezos should be paying more tax in other ways, but with respect to his amazon stock, he built this machine called amazon. But the way that the public market is valuing that machine keeps going up and up and up. This mechanism exists at all parts of the tax cot. So yes, a millionaire can basically go to j p morgan or goldman sak or morgans stanley, you know, get a margin loan on their stock,. But individual folks who are not millionaires can do that via helock on their home. And a lot of people do that as well. They take home equity lines of credit, and they use that to forward finance things
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