JENSEN HUANG WAS ASKED ABOUT A WEALTH TAX THAT COULD COST HIM $8 BILLION
The interviewer expected him to be worried. He wasn't.
His response surprised the room:
"I prefer lower taxes. However, I also don't mind paying taxes. I love this country. We don't exercise that many tax loopholes. Once a year we get a bill, we pay it, and it's big. I never once thought about it. We love this country. That's our way of giving back."
He went on to say he and his wife chose California for the schools and the culture, not for tax arbitrage.
"I would love that they would apply $10,000 of the taxes that I paid to fix that one pothole on the 101. If they let me, I'll do it myself."
@Rajatsoni Rajat thanks for your posts. I get a lot out of them. It seems to me that there is a strong argument for the ETFโs and futures market creating false liquidity and ruining the real scarcity of 21m. Have you done any work looking into that fear? Thanks
US Obesity costs $1.72 Trillion dollars a year.
If obesity was a fortune 500 company, it would be the biggest fortune 500 company.
If obesity was a military, it would be the biggest military by cost.
If obesity was a government, it would be the 3rd largest (after US & China).
@BillNovac@PronkDaniel $aapl will not be Nokia. Nokias problem was they built one indestructible phone and said to themselves โwell done.โ Apple builds cool looking stuff that breaks in 3 years so you come back and buy more