4min chapter

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

E30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Long Term Capital Gains Tax

i don't think biton em thinks that it's a credible plan e inasmuch as i probably think, ah, he needs to be performative. The maximum tax made on long term capital gains, got up to forty %. And t there's a lot of debate around the economic implications of doing this. Sogt it's luk but a sac is going to pass, so he's starting at 39. Sak, you probably have the history on this, in 19 78,. for a year, right? Or like 76 to 78. It's not reasonable that a few people get super rich and everybody else gets left on the lines.

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