2min 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

Is That a Dangerous Experiment?

Federal outlays of percentave g d p have generally been around the 20 % line. But last year, in two thousand 19 it was 20 point seven%. It jumped to 31 n three% under covid and now feels like we're trying to make this new level of, you know, going from 20 to 30, permanent. The only time we did that in history was in world war too. Now, we were trying to fight the notes, which was worth spending the money on. You always said i was a good use of capital. But it's very well, step back right in me wont of ruin.

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