BG2Pod with Brad Gerstner and Bill Gurley
BG2 Thanksgiving Roundtable: DOGE, EV Tax Credit, Tariffs, Conspiracy Theories, Invest America
Nov 27, 2024
Join a lively discussion as the hosts explore the competitive edge of U.S. tech versus China's innovations. The conversation dives into the quirky world of DOGE and its economic implications. They also dissect Governor Newsom's controversial EV tax credit plan, examining its local impacts. The evolving landscape of IPOs gets a spotlight, alongside thoughts on Warren Buffett’s generous philanthropy. Tariffs are viewed as strategic tools in negotiations, while the Invest America initiative presents new avenues for financial independence.
44:07
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Quick takeaways
- The podcast highlights the argument for a gas tax as a preferred strategy for balancing the budget instead of EV tax credits, which burden government finances.
- Concerns over U.S. competitive decline against China's technological advancements emphasize the need for improvements in the STEM education system.
Deep dives
Gas Tax vs. EV Credits
A gas tax is proposed as a preferable financial strategy compared to electric vehicle (EV) tax credits. Unlike EV credits, which cost the government money, an increased gas tax would generate revenue, contributing to budget balancing efforts. This discussion highlights the challenges California faces with the highest gas tax in the country, balancing the need for infrastructure funding while addressing the state's financial obligations. The argument suggests that market mechanisms, such as taxing gas consumption, can lead to more responsible consumer decisions about vehicle choices.
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