Jesse Eisinger
speaker
287 appearances
2 recordings
1 series
first heard Oct 2024
last heard 29 May
Jesse Eisinger’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
Right. So what's happened is we've had the Great Depression, we've had World War II. Those were extraordinarily leveling events for the American economy. And in the 50s and 60s, the way a CEO is paid and wealthy people, by and large, are paid, they're paid salaries. So the giant corporations of the time are companies like GM, and executives aren't being paid.
In stock, they're being paid salaries, and those salaries are taxed.
Exactly.
Yeah, exactly. But then there's a revolution that starts in the 70s that rewires American capitalism.
And so you have this kind of explosive ability to make money because a stock option is worth nothing unless the stock goes way up. And then you get huge amounts. So you have this giant upside for these stocks. And we also have a technology revolution. So people are founding companies in their proverbial garages, and they own big chunks of it.
And these are very profitable companies because they're doing things like software, so you don't have to spend a lot of money to make the incremental floppy disk. And so you see somebody like Larry Ellison at Oracle or Steve Ballmer and Bill Gates at Microsoft
concentrated ownership of companies that have huge margins and their stocks explode and we get a new kind of wealth that turns out largely to be untaxed.
Showing 281–287 of 287 · page 15 of 15
← Previous