Howard Lutnick | All-In DC

Mar 23, 2025

01:44:37

forum

Ask episode

view_agenda

Chapters

auto_awesome

Transcript

info_circle

Episode notes

All-In with Chamath, Jason, Sacks & Friedberg

Key Takeaways

“The key is to stop sending money to the wrong place so that we can always defend sending money to the right place.” – Howard Lutnick
If Howard balances the budget, Trump agrees to waive all income tax for people who make less than $150,000 per year
About $1 trillion per year can be saved by cutting government waste, fraud, and abuse; this is DOGE’s target – and it is Howard’s job to generate $1 trillion in exogenous new revenues for the government
There is no such thing as free and fair trade: Inflation comes from printing more money, not from tariffs; the strategy is to put tariffs on things that will reshore
Establishing the External Revenue Service: The institutions and infrastructure of the United States are not being optimally monetized
- What is the market value of American citizenship?
- If Nvidia is worth $3 trillion, how much is the American legal system worth?
- Why are we not mining our valuable resources?
- Are there creative and productive ways to monetize federal lands?
The United States is the greatest customer in the world; it should benefit from that reality when it does business with other nations or corporations
- Example: Hold stock warrants in the sovereign wealth fund so the American people benefit when the US does a business deal
- Capital appreciation in the sovereign wealth fund will be used to offset the nation’s debt
“Our objective is to smash down the Internal Revenue Service and change America.” – Lutnick