Friedberg

People leave.

It never worked in Norway.

It's $8 trillion out of $170 trillion of assets.

The billionaires aren't the target.

At the end of the day, the billionaires don't make a dent.

If you took 1% of the billionaire's net worth every year, even if you took all their net worth, you still wouldn't make a dent.

You've still got $40 trillion of debt outstanding at the federal level, and we're adding nearly $2 trillion a year.

It's not going to make a difference.

The impact is in the middle class.

I don't want that to be the case, but... Sacks, is the Trump administration or Congress, if that's what it's going to take,

going to be able to get legislation passed or an order passed that will allow for bankruptcy of states?

Because some people, I think you've mentioned this, but some people have suggested that that's going to ultimately be a path to resolution on the bad fiscal condition that these states are in and will allow them a way to kind of crawl out of the holes with respect to all the obligations that they've accrued that they can't actually pay for.

They're not allowed to today, right?

There's no legal mechanism.

You have the ear of certain people that might be able to do something about it to keep us posted.

There are people that study this.

There are a lot of proposals out there.

We'll be playing the secret game.

And, yes, trackside for Formula 1.

And we're here for F1.