John Candeto
John Candeto

E30: Ramifications of Biden's proposed capital gains tax hike, federal budget, India's COVID surge, founder psychology & more

Tags
All-In PodcastChamath PalihapitiyaJason CalacanisDavid SacksDavid Friedberg
Link
https://www.youtube.com/watch?v=nXBE1vWbGkk
Date Consumed
Apr 27, 2021
Count (Month)
22
Created
Apr 27, 2021 1:35 PM
Last Edited
May 6, 2021 8:54 PM

Historical argument to keep capital gains tax lower than wage tax is to incentivize investment.

Raising capital gains tax to wage-levels will reduce the recycling of investment gains back into businesses.

Punchline: doubling the capital gains tax cuts re-investable capital by ~50% across all investment time horizons

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This shifts 50% of new investable capital away from private sector allocators and into government allocators.

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