Ed Elson

The first was a social media tax.

Illinois is going to tax social media platforms 50 cents per user per month.

And the second thing we found interesting was a prediction markets tax.

Prediction markets operators will be taxed 50% on their earnings from residents.

We can get into the budget itself, but I just wanted to get your views on those two taxes.

Why did you pursue them and how will this all play out?

That's right.

It's great to see that this issue is finally being taken seriously.

I feel like we've talked a lot about it on the podcast, and there seems to be almost no action, at least from federal government, on these issues, particularly around big tech.

I mean, does this set the stage for something else to come?

Like, what's next in terms of regulating social media and addressing these problems?

Well, we've got a...

If I could just follow up.

We're back with Profiteer Markets.

One, one, one.

Yeah.

So you mentioned quantum, biotech, life sciences, all these fascinating technologies.

You didn't mention AI.

And AI is, that is, you know, the multi-trillion dollar prize.

But as we are increasingly seeing, it is becoming increasingly unpopular in America.