The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Larry Summers on How to Manage Inflation; Should We Increase Rates Even Higher, Why We Need To Change The US Tax System, Why Europe is a Museum, China is a Jail and Bitcoin is an Experiment & How a Trump Win Would Hurt the US Economy

Jun 12, 2023
40:20

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Enforcing existing tax laws effectively can address economic challenges and generate substantial revenue by deterring tax evasion.
  • Recognizing excess demand and taking timely measures to address rising inflation can avoid economic disruption.

Deep dives

The Importance of Enforcing Tax Laws

Larry Summers suggests that one of the first steps to address economic challenges is to enforce existing tax laws more effectively. He highlights the significant gap between owed taxes and taxes collected, which could amount to eight trillion dollars over the next decade. By investing in adequate IRS resources and conducting audits, it is possible to deter tax evasion and generate substantial revenue.

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