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The All-In Podcast
@chamath, @jason, @davidsacks, and @friedberg cover all things economic, tech, political, social, and poker.
Adam Carolla: Most people on the right “just want to be left alone.” 🔥
@friedberg:
“I never was interested in politics. I hate talking about it, I hate getting involved in it.”
“I’ve always just been a guy like, leave me alone, let me do my work, let me live my life.”
“I don't want to think about government and politics, but it's become so prevalent in our lives.”
“It's become something that all of us are almost forced to discuss.”
@adamcarolla:
“ Everybody I know who gets lumped into being a right winger, all they say is, ‘I just want to be left alone.’”
“I have a property. It's my property. I own it. I pay taxes on it. I would like to rebuild my property.”
“And the government says, ‘No, you cannot.’”
“And now I have a problem. And it's getting political, but I don't want it to get political. I just want to be left alone.”
“I got a niece and she's five years old, and I don't want a nine foot tall tranny reading her Cat in the Hat at the library. This is avoidable. You can just leave her alone.”
“And you can leave me alone, and I'll pay my taxes, and I'll be a good neighbor, and I'll pick up my dog's poop. And we could get on with our lives.”
“But you won't have it. You have to get involved.”
“And most of the people I know, who are on my side of the aisle politically and just sort of emotionally, are going ‘I just want to be left alone.’”
“If I want a gas stove, I want a gas stove. If I want a gas powered truck, I want a gas powered truck. And I would like to be able to rebuild my property using my money and then pay taxes on that without you getting so involved.”
“So I'd just like to be left alone.”
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123
California's Wealth Tax Has a Secret Prohibition On Founder Control That's Forcing Entrepreneurs Out
Sacks:
“Larry and Sergey have left the state, and they’re probably getting dragged for that, but one of the reasons they have to is because of the super-voting stock provision in this thing.”
“The way they calculate the value of your stock isn’t based on its liquid market value, but if you own super-voting shares, they multiply your ownership, your super voting, by the market cap of the company, and they deem your shares be worth that.”
How it works:
– Larry and Sergey have a combined 52% voting share of Google, which is worth $4T
– They would be deemed to be worth roughly $1T each, not the ~$200B they are actually worth
– So a 5% tax for them is more like a 25% tax on their entire net worth
Chamath:
“It actually becomes closer to 50%, because you'd have to sell more than that to overcome the drag of selling to generate $25B or $50B of net worth.”
“You have to sell two times that, because you have to pay taxes on that.”
Sacks:
“So what’s the point of having that super-voting provision in there?”
“It’s just totally punitive and vicious.”
98
All-In Interview: Adam Carolla on California’s Collapse 🚨
@friedberg sits down for a 1-on-1 with @adamcarolla
-- Fires, failed leadership, and gyno-fascism
-- Rebuilding crisis in LA
-- Can two Americas coexist?
-- How DEI broke Hollywood... and more
-- California's next governor
++ much more!
(0:00) David Friedberg introduces Adam Carolla!
(1:32) Palisades Fire one year out: the rebuilding crisis in LA
(7:39) Gyno-fascism and safety culture
(15:49) Media bias and gender dynamics
(28:51) DEI, Hollywood's transformation, socialism, "safe spaces and octagons"
(36:14) Is America living through the "Hard times make strong men" adage? Can two Americas coexist?
(51:23) Who should be California's next governor?
(58:04) Big Tech, AI, and the 2028 Election
************************
Thank you to our partner for making this happen!
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