Deric Cheng

How much are you willing to increase corporate taxation or capital gains taxation in order to counteract that, right, to stabilize the economy?

And so these are very complicated questions.

I certainly don't think I'm qualified to decide or to advocate for specific numbers, but that like a lot of factors need to be considered on the governmental and international level as well.

That's right.

And there are significant, I guess, externalities to these large corporations capturing all of the value.

For instance, if they have too much economic power, they could rival states in terms of almost political or social power, right?

And you can imagine that governments might not want that.

They might want to maintain their hold over the corporations that exist within their boundaries.

And so even beyond economic efficiency, there are many, many positive and negative trade-offs to

to every form of taxation and that these need to be deeply thought about by the right people in government.

Of course.

I think that when I think about the very, very long term, and I'm not talking about the next few years or even the next decade or two decades, what I can really see the advent of AI creating a lot of this economic wealth, replacing a lot of this toil of economic labor is something along the lines of the decoupling of economic security and purpose.

And I think that

For a long time, for all of human history, your purpose oftentimes was interlaced directly with economic security.

And in situations in which they were divergent, say with creating music or with creating art, it becomes a significant hardship for people to have to prioritize one or the other, right?

My dream is that we could raise the floor on something like Maslow's hierarchy of needs, where the average person no longer has to worry about their physiological needs in terms of housing, in terms of food, in terms of shelter or economic safety.

And they no longer have to worry about their safety, but that they can move more towards almost physicality.

things that they have independently decided for themselves, given the space and the lack of scarcity to discover what they feel most compelling in terms of meaning and purpose.

And if that does look like something akin to our existing jobs today, I fully support that and that it is for each of us to decide, right?

Yeah, yeah.