Pete
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's different ways to structure it. But I think it's giving everybody a share in the overall value that's being created by technologies, which, again, rest on technologies that the taxpayer paid for in the first place back in the 60s. So why shouldn't we all get a share? Yeah, we're investing it. Instead of it all going to this tiny handful of super, super wealthy people.
There's different ways to structure it. But I think it's giving everybody a share in the overall value that's being created by technologies, which, again, rest on technologies that the taxpayer paid for in the first place back in the 60s. So why shouldn't we all get a share? Yeah, we're investing it. Instead of it all going to this tiny handful of super, super wealthy people.
who are consolidating their own power the same way the president's consolidating his political power. You got these, I don't even just like normal billionaires, but like mega, mega billionaires consolidating their power, right? We have to have a tax policy that does that. We have to have a system that requires people who amass that kind of wealth to be sharing it with citizens.
who are consolidating their own power the same way the president's consolidating his political power. You got these, I don't even just like normal billionaires, but like mega, mega billionaires consolidating their power, right? We have to have a tax policy that does that. We have to have a system that requires people who amass that kind of wealth to be sharing it with citizens.
who are consolidating their own power the same way the president's consolidating his political power. You got these, I don't even just like normal billionaires, but like mega, mega billionaires consolidating their power, right? We have to have a tax policy that does that. We have to have a system that requires people who amass that kind of wealth to be sharing it with citizens.
Because again, I know there's this myth, I have a lot of respect for entrepreneurs who create things and they should be hugely rewarded when they create things that are valuable. but they created those things based partly on infrastructure that all of us paid for, right? And by infrastructure, I don't just mean roads and bridges. I mean, national security.
Because again, I know there's this myth, I have a lot of respect for entrepreneurs who create things and they should be hugely rewarded when they create things that are valuable. but they created those things based partly on infrastructure that all of us paid for, right? And by infrastructure, I don't just mean roads and bridges. I mean, national security.
Because again, I know there's this myth, I have a lot of respect for entrepreneurs who create things and they should be hugely rewarded when they create things that are valuable. but they created those things based partly on infrastructure that all of us paid for, right? And by infrastructure, I don't just mean roads and bridges. I mean, national security.
I mean, things like inventing the internet or mRNA vaccine technology or whatever it is. But more broadly, and this is both on the substance and the politics, I think you're naming something that's hugely important, which is the inequality in this country. It doesn't get talked about enough, right? It has gotten worse pretty much our entire lives.
I mean, things like inventing the internet or mRNA vaccine technology or whatever it is. But more broadly, and this is both on the substance and the politics, I think you're naming something that's hugely important, which is the inequality in this country. It doesn't get talked about enough, right? It has gotten worse pretty much our entire lives.
I mean, things like inventing the internet or mRNA vaccine technology or whatever it is. But more broadly, and this is both on the substance and the politics, I think you're naming something that's hugely important, which is the inequality in this country. It doesn't get talked about enough, right? It has gotten worse pretty much our entire lives.
And no republic has ever survived this level of inequality for long and remained a republic. That kind of income inequality leads to inequality in power, which leads to political instability, which leads to some of the things I think we're experiencing right now as a country.
And no republic has ever survived this level of inequality for long and remained a republic. That kind of income inequality leads to inequality in power, which leads to political instability, which leads to some of the things I think we're experiencing right now as a country.
And no republic has ever survived this level of inequality for long and remained a republic. That kind of income inequality leads to inequality in power, which leads to political instability, which leads to some of the things I think we're experiencing right now as a country.
And if we don't get a handle on that, and it can absolutely be dealt with in a way that is consistent with a strong economy and business doing well. We know that because there were times in our history, including the middle of the last century, when tax policy was asking more of the wealthiest. And also there was a lot of economic growth and a lot of productivity growth. So it can be done.
And if we don't get a handle on that, and it can absolutely be dealt with in a way that is consistent with a strong economy and business doing well. We know that because there were times in our history, including the middle of the last century, when tax policy was asking more of the wealthiest. And also there was a lot of economic growth and a lot of productivity growth. So it can be done.
And if we don't get a handle on that, and it can absolutely be dealt with in a way that is consistent with a strong economy and business doing well. We know that because there were times in our history, including the middle of the last century, when tax policy was asking more of the wealthiest. And also there was a lot of economic growth and a lot of productivity growth. So it can be done.
The other thing that nobody talks about in either party much is poverty. You may notice in political rhetoric, like middle class, you're always supposed to say middle class. You always talk about the middle class. Can't go wrong talking about the middle class. But not all folks are talking about like poor and low wealth people, which depending how you count is more than 100 million Americans.
The other thing that nobody talks about in either party much is poverty. You may notice in political rhetoric, like middle class, you're always supposed to say middle class. You always talk about the middle class. Can't go wrong talking about the middle class. But not all folks are talking about like poor and low wealth people, which depending how you count is more than 100 million Americans.
The other thing that nobody talks about in either party much is poverty. You may notice in political rhetoric, like middle class, you're always supposed to say middle class. You always talk about the middle class. Can't go wrong talking about the middle class. But not all folks are talking about like poor and low wealth people, which depending how you count is more than 100 million Americans.