2min chapter

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

E52: Trump's SPAC, peak venture liquidity, tech as an economic ladder, Dems overplaying their hand

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Is There a Positive Externality of This Wealth?

Amherst, which is a really exclusive liberal arts college in the northeast, made so much money their endowment is so flush with cash, they basically eliminated a legacy admittances. If your parents got in, you were 70 % likely to get into amherst. And kid whose parents didn't go to amherst had a less than six percent admit rate. So there's there ar there are some really positive things that are happening with all this money that's being made. Y. Owsha ons rational aside a. Anyone's going to get wealthier if they're paying less taxes.

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