All-In Summit: Bill Gurley
(0:00) Bill Gurley takes the stage at the All-In Summit
(1:29) Bill's Presentation: Searching for Feynman
Links to additional resources mentioned in talk and used in research:
https://t.co/LrixEr9Bw6
@bgurley
MUNDO EMPRESARIAL🚨En el mes del trabajo, Vana presenta "Vana Emprende" con convocatoria nacional para seleccionar a cinco emprendedores que recibirán L.15,000 de capital semilla. #ElDiarioDeHonduras Conozca más aquí👇🏻
why not just raise income tax rates?
because your real intent is not to just “provide healthcare”.
you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.
you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)
the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.
the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.
it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.
that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.
i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.
want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.
want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…
what if the AI creates/enables/unlocks new higher-paying jobs? by trying to prevent organizational evolution due to technology, you are limiting technology’s ability to create more value for workers.
if you had done this with the emergence of the tractor to protect loss of jobs on farms, we’d have very expensive food, no industrial revolution, and a shitty standard of living for workers. if you had done this with the emergence of the automobile, we’d have lost the economic explosion that arose from highways, lower cost transportation, and countless networked industries. if you had done this with the emergence of the computer and the internet, your entire district would still be based on an economy of oranges and plums.
humanity’s ability to compete, organize, and carry itself forward is a magical miracle. in every truly free society, tech evolution has improved the lives of absolutely everyone. in every society where a government stood up to create barriers and gates to tech evolution in the name of “workers rights”, standards of living went into a freefall.
your view is luddite at best and authoritarian at its heart. limiting freedom of choice, controlling the rights of workers and capital providers, is the core activity of socialism and will cause unbelievable unintended damage. well-intentiined, sure, but examining the consequences and n-th order effects, it’s clear how this model deeply harms workers, employment standards, wage growth etc.
i urge you to deeply study the social and economic history of technology evolutions, speak to folks in your district, and avoid the socialist trap the Dem party seems to be swirling into…
Charlie Kirk reminded us that a life of courage and virtue isn’t easy—but it’s worth living. His example should inspire us all to stand boldly for what’s right.
Charlie Kirk was more committed to peaceful, open dialogue with those who disagreed with him than anyone I know. God blessed him with immense gifts, and he used them boldly and without fear. He knew the risks he was taking, but he did it anyway because he loved his kids & felt a responsibility to the nation they would inhabit. I traveled the entire country with him last year, we spent 1x1 time together in Ohio two weeks ago, spoke to him again 2 days ago. He’s long warned of the rise of political violence & the growing culture of assassination, when few were willing to listen, with a clarity of vision unlike anyone I’ve known. Completely and utterly devastated.
"The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!" - President Donald J. Trump
Much people fail because they IQ too high.
My friend most smart. IQ = 175. She genius. She have world most greatest idea. But she choose not take action. I ask why? She give me 1,000 reason why idea maybe not work.
This give me wisdom. If her IQ only 95 and she have smart business idea, she take action because she do not see 1,000 reason why she fail in future. If she take action, maybe she be success! But her IQ so high, she not take any action.
My friend. Sometime, best take action. Do not worry how your idea be fail. Just take action. Even if you most high IQ, try make self low IQ for short time. Be dumb ass, then you be rich.
Absorb this dumb ass wisdom.
capping prices to “protect consumers” will do extraordinary harm and limited good.
let markets be free.
the demand for homebuilding will skyrocket in LA, causing service providers to rush in from out of town and out of state as demand and prices climb. these providers will ultimately compete prices down as supply swells, leading to a much larger pool of service providers to meet the demand of thousands of home building projects. by capping prices, the incentive to enter the market and compete is destroyed, limiting supply and making it harder for homeowners to find the help they need. this policy could delay rebuilding efforts by years.
similarly, the CA Dept of Insurance artificially suppressed rates on home insurance in fire sensitive areas causing insurers to exit the state, leaving thousands of homeowners without fire insurance. and now, the DOI wants to force insurers to stay in the market, which will lead to financial ruin and disincentivize insurers from helping rebuild CA’s home insurance market going forward. who’s going to underwrite insurance if the state forces you to lose money?!
these futile policy ideas are disastrous. the idea that government can control otherwise free markets is as old as government itself. not once, in human history, has it ultimately benefited citizens.
there is an amazing opportunity ahead to rebuild LA. local economies should boom as neighborhoods and infrastructure are reimagined.
i applaud the governor eliminating CEQA Review and Coastal Act permitting requirements. but those changes should become permanent. and a wholesale deletion of all other silly local building codes and permitting requirements should be similarly made permanent.