Trevor

And that was during World War II and the post-war era. Freeberg, your thoughts on this proposal specifically, which impacts a very small number of people, although maybe a high percentage here.

Let's pause there for a second, Freeberg, because this is super important, I think, to the audience here. Somebody has a startup company. It becomes worth $10 billion. It has $100 million in revenue. It's doing well. It's losing money. 409 valuation comes in. founder owns 25%, co-founders own 25% each. They own two or $3 billion in stock.

Let's pause there for a second, Freeberg, because this is super important, I think, to the audience here. Somebody has a startup company. It becomes worth $10 billion. It has $100 million in revenue. It's doing well. It's losing money. 409 valuation comes in. founder owns 25%, co-founders own 25% each. They own two or $3 billion in stock.

Now you've got an illiquid founder who owns $3 billion in stock. Company's not going public. There's no secondary market. What would happen to that founder? Would

Now you've got an illiquid founder who owns $3 billion in stock. Company's not going public. There's no secondary market. What would happen to that founder? Would

Is this a seizure of assets in your mind? Is it constitutional in your mind? Two questions there.

Is this a seizure of assets in your mind? Is it constitutional in your mind? Two questions there.

This is going to put so much cold water on the entrepreneurial market. It's going to make people just have less liquidity to invest in things. I think this is going to be disastrous. It's going to cause a lot of people to retire early because they just don't want to deal with all this. Well, Friedberg, what's your theory?

This is going to put so much cold water on the entrepreneurial market. It's going to make people just have less liquidity to invest in things. I think this is going to be disastrous. It's going to cause a lot of people to retire early because they just don't want to deal with all this. Well, Friedberg, what's your theory?

Oh, theory. Here we go. Good.

Oh, theory. Here we go. Good.

He's taking a stray.

He's taking a stray.

All right, everybody. This has been another amazing episode of the All In Podcast. Socialism is garbage and it turns into communism. No, I'm exacerbated. I mean, if Kamala doesn't get out there and start doing some interviews and explaining herself, I'm out. I mean, I'm out.

All right, everybody. This has been another amazing episode of the All In Podcast. Socialism is garbage and it turns into communism. No, I'm exacerbated. I mean, if Kamala doesn't get out there and start doing some interviews and explaining herself, I'm out. I mean, I'm out.

I mean, it may have already happened. Anyway. Anyway. Oh my God, that's so funny.

I mean, it may have already happened. Anyway. Anyway. Oh my God, that's so funny.

No, I mean, I just, we need to get Kamala on this program here. Face the music. Let's go. You want to run for president? Come on all in and let's talk about it. If she's not going to answer basic questions, it's disqualifying for me. Who's trying to get her? Is anyone trying to? She wants on it. I mean, she wants on it. But I mean, we'd love to have her on. We'd love to have JD on.

No, I mean, I just, we need to get Kamala on this program here. Face the music. Let's go. You want to run for president? Come on all in and let's talk about it. If she's not going to answer basic questions, it's disqualifying for me. Who's trying to get her? Is anyone trying to? She wants on it. I mean, she wants on it. But I mean, we'd love to have her on. We'd love to have JD on.

We'd love to have Waltz on. Let's go. Let's have some real conversations about this stuff.