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3min chapter
E101: Ye acquires Parler, Snap drops 30%, macro outlook, VC metrics, valuing stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
Taxation Is a Pendulum
In the last 20 years, we blew through a debt to GDP that was, I think, 57% and it basically doubled. We are in a debt spiral that is a feature, not a bug of how democratic societies work. Even if taxes are high, your earnings potential is commensurately higher than where you're paying them now.
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