Chamath Palihapitiya

I'm not saying that affordability isn't an issue, but it was caused by Biden's 9% inflation, and now Democrats are trying to make it an issue.

When it comes to the power for data centers, again, this all comes back to the fact that the regulations make it too hard to generate net new power.

So again, scaling demand on its own, not a problem if you also scale supply of electricity.

In fact, it brings down prices for everyone because scale creates economies of scale.

I think the president should try to create a three, four, $500 billion tax equity fund and help eliminate the electricity costs of 50 to 100 million American households.

The problem is it doesn't change the net consumption model.

If you actually go to solar and storage for every 15 million homes, you take a terawatt hour of demand off the grid.

That's an extra terawatt hour that you don't need to build, but you can't build that quickly.

So the reason why I like solar and storage is you make these folks so self-reliant.

Now, all of a sudden, we're actually catching up to China faster than we would have otherwise.

Yeah.

Your idea, which is a good one, the problem is they're still using grid services.

You don't know that for sure.

My point is, today the homeowners are using.

There is no solution to not using.

No, no, I understand.

Well, you would not stop worrying about the grid.

But Jason, just to refine what you're saying, because you're directionally very right, the consumers would feel less of these issues.

And instead of all of us worrying how to underwrite terawatt hours to catch up to China, we actually get a two for one, the consumer homes.

don't have that anxiety anymore.