"The Riff" with Byrne Hobart and Erik Torenberg E44: Founder Mode, Uber’s Self-Driving Strategy, and Big Tech Skepticism
12 snips
Sep 6, 2024 Delve into the heated debate on taxing unrealized capital gains and its impact on the wealthy. Explore Uber's ambitious plans for self-driving technology and the challenges of corporate governance. Discover the significance of 'founder mode' in fostering entrepreneurial spirit and diverse leadership. Learn about the dynamics of asset management, from luck versus skill, to the intricate balance of cash flow analysis. Tune in for insights on how changing economic narratives shape investment strategies and influence the tech landscape.
AI Snips
Chapters
Transcript
Episode notes
Taxing Unrealized Gains as Consumption Tax
- The ultra-wealthy consume power and bragging rights by controlling companies.
- Taxing unrealized gains taxes this consumption, similar to luxury goods.
Capital Taxation Considerations
- Taxing capital depends on the discount rate and investment opportunities.
- Low discount rates and abundant opportunities favor low capital taxes.
Taxation and Inflation
- Taxation offsets inflation from government spending. Taxing the rich minimally impacts consumption.
- High inequality and low growth create room for deficit spending without inflation.