Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
thats 100x return on the spot. prepaid 2m costs 200k and the real cost is ~100k=>in return openai get the 2m equity value of a yc selected and invested cheap early startups plus all the software company's software (worth ~30% of the compamy ~5m) and also removing claude(~2m).
I haven't really talked about this, but about five years ago, I invested $45M in a Series A that created Beast Industries by bringing together all of Jimmy's various business interests under one umbrella.
Creating Beast Industries allowed us to streamline our capital allocation and double down on the big long term opportunities like financial services, telecoms, a creator marketplace etc.
Jimmy has come a long way in these past 5 years and the business is just starting to get going. I'm very excited for him to have a chance to achieve his ambition.
He's a very special entrepreneur.