Ezra Klein

It came out for Meta that on Instagram now, only 7% of the time people spend on Instagram, 7% is spent on content offered by friends and family.

Yeah.

And I noticed this, I turn on Instagram and it's much better at hooking my attention than it used to be because the algorithm is better at finding things that might grab my emotions and my friends and family are.

But I came looking for connection and all of a sudden I'm pissed, I'm confused, I'm being fed content about psychedelics from the 1970s.

It's not all that it's bad, but it is...

a perversion or a instrumentalization to profit off of what was a very intimate impulse, to say nothing of to profit off of my attention, which is my most intimate faculty.

Right.

What should we do about billionaires?

You talk a lot about how they're the source of the problem.

What should we do about them?

Should billionaires exist, to use the question that goes around Twitter?

Should there be billionaires?

I mean, you can imagine a structure of taxation that just says nobody needs to personally control wealth.

more than a billion dollars, at the point that you have that.

the taxation becomes fundamentally redistributive.

Over that, you're getting taxed at 95%.

You're getting taxed at... And it's complicated, right?

Because you have assets and incomes.

I get all that, right?

I don't need the... We can talk tax policy another time.