2min chapter

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

E49: Coinbase CEO reflects on controversial blog, state of the markets, 1000 unicorns, tax reform & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Is There a Moral Obligation to Put the Money Back to Work?

If you generate wealth, i think that you should be bound by society, to put the money back to work. Bill gates took a different path, which is to basically take all those profits, se it down and put it into the gate's foundation. He he wouldn't have ben able to do that if he hadn't sold in the first amy. Let's just celebrate that, not some tactical thing. But one other point i'd make, som op like you, you said that we should tax the the wealth creation and distribute it. There's another way to get that redistribution of wealth: enable access to the investments earlier - public pension funds or endowment.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode