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35928 total appearances

Appearances Over Time

Podcast Appearances

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

The relationship with China and this sort of changing concept of consumerism, you think that's a possibility for America? Do Americans just want cheap stuff on Amazon and an unlimited number of Amazon boxes in their recycle bin?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

That seems like a reasonable, actionable suggestion, Ben. A very reasonable, actionable suggestion. But predictability, you know, we were sitting here a couple of weeks ago and I was as I was mentioning, I would I know a lot of e-commerce folks and they were saying layoffs coming. We don't have predictability. And the really hard part is how do you invest in a business?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

That seems like a reasonable, actionable suggestion, Ben. A very reasonable, actionable suggestion. But predictability, you know, we were sitting here a couple of weeks ago and I was as I was mentioning, I would I know a lot of e-commerce folks and they were saying layoffs coming. We don't have predictability. And the really hard part is how do you invest in a business?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

You know, you're running Daily Wire. It's a nine figure business. You want to hire people. You know, you need to have advertisers. Many of the advertisers you probably have are somehow related to consumption in America. What's the first thing they're going to pause? They're gonna pause advertising, right? Why am I advertising this mattress?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

You know, you're running Daily Wire. It's a nine figure business. You want to hire people. You know, you need to have advertisers. Many of the advertisers you probably have are somehow related to consumption in America. What's the first thing they're going to pause? They're gonna pause advertising, right? Why am I advertising this mattress?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Why am I advertising Eight Sleep, the best mattress in the world? I happen to be an investor, I'm a little biased, but why am I gonna market Eight Sleep if I can't get it to the country or if the price is too high? It causes all these downstream issues. I guess during all of this now, talking about like shaking the globe and the economy here.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Why am I advertising Eight Sleep, the best mattress in the world? I happen to be an investor, I'm a little biased, but why am I gonna market Eight Sleep if I can't get it to the country or if the price is too high? It causes all these downstream issues. I guess during all of this now, talking about like shaking the globe and the economy here.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Republicans are working hard on the big, beautiful bill. It's big and it's beautiful, Ben. I don't know if you want to get into your Trump, dueling Trumps, but it's a big, beautiful bill. So big, so beautiful. Many people are saying. And many haters, Nancy Pelosi, nasty woman. She bet on Walmart, bad bet.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Republicans are working hard on the big, beautiful bill. It's big and it's beautiful, Ben. I don't know if you want to get into your Trump, dueling Trumps, but it's a big, beautiful bill. So big, so beautiful. Many people are saying. And many haters, Nancy Pelosi, nasty woman. She bet on Walmart, bad bet.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

GOP's plan is to push this bill via reconciliation so they can avoid the Senate filibuster with 51 votes instead of 60. The Trump bill would extend the 2017 tax cuts and Jobs Act through 2034. That's kind of the big piece here is these tax cuts.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

GOP's plan is to push this bill via reconciliation so they can avoid the Senate filibuster with 51 votes instead of 60. The Trump bill would extend the 2017 tax cuts and Jobs Act through 2034. That's kind of the big piece here is these tax cuts.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And there's a bunch of campaign stuff like no taxes on tips or overtime, things that Trump promised to, you know, in some cases, swing states like Nevada. Those are trying to get in there. And an increase on universities endowment tax and the tax foundation. This is a nonprofit that analyzes tax policy, estimates the tax cuts would reduce revenues by 4.1 trillion over 10 years, 400 billion a year.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And there's a bunch of campaign stuff like no taxes on tips or overtime, things that Trump promised to, you know, in some cases, swing states like Nevada. Those are trying to get in there. And an increase on universities endowment tax and the tax foundation. This is a nonprofit that analyzes tax policy, estimates the tax cuts would reduce revenues by 4.1 trillion over 10 years, 400 billion a year.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And the bill also aims to cut 1.5 trillion in spend over the next decade. Some Republicans think this is weak and are pushing for $2 trillion in cuts or more. Notable cuts include stricter SNAP rules, tighter Medicaid caps, and removing taxpayer benefits from illegals. Gosh, Freberg, you actually, I understand from our group chat, did a deep dive here.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And the bill also aims to cut 1.5 trillion in spend over the next decade. Some Republicans think this is weak and are pushing for $2 trillion in cuts or more. Notable cuts include stricter SNAP rules, tighter Medicaid caps, and removing taxpayer benefits from illegals. Gosh, Freberg, you actually, I understand from our group chat, did a deep dive here.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And you, I think, are responsible in many ways for bringing the issue of our national debt to the forefront, especially, particularly with this administration in Doge, which we give you a lot of credit for, you being a single-issue voter for this. Are you worried about the budget now? We're 100-plus days into Trump. Do you think he's got any chance of cutting the deficit?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

And you, I think, are responsible in many ways for bringing the issue of our national debt to the forefront, especially, particularly with this administration in Doge, which we give you a lot of credit for, you being a single-issue voter for this. Are you worried about the budget now? We're 100-plus days into Trump. Do you think he's got any chance of cutting the deficit?

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Freeberg, do us a favor for the audience, if you could explain why it's going up, why it's so high, and what that means in terms of- Why it's so high, the debt or the interest rates? The interest rates.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Freeberg, do us a favor for the audience, if you could explain why it's going up, why it's so high, and what that means in terms of- Why it's so high, the debt or the interest rates? The interest rates.

All-In with Chamath, Jason, Sacks & Friedberg
Trump's Big Week: Middle East Trip, China Deal, Pharma EO, "Big, Beautiful Bill" with Ben Shapiro

Yeah, and just to put some numbers and some charts behind it, here is the debt back to Clinton era. Clinton obviously balanced the budget, so you get this nice flatness there. Clinton added 392 billion in eight years. It's barely noticeable on the chart, 40, 50 billion a year. Bush, 5.4 trillion four years, about 1.3 trillion a year. Obama, a trillion a year.