A really important and interesting interview with
@JeffBezos and
@andrewrsorkin about tax policy, AI, the economy, and space. Unfortunately it is only in audio form.
Bezos argues for eliminating tax on the bottom 50%, making the case that the 3% of tax revenue from this cohort should be made up for by eliminating government waste and fraud. I agree.
He says that instead of vilifying the top 1% who pay 40% of Federal taxes, we should have a real debate about tax policy.
Is making the tax system even more progressive the right answer? Will it generate more revenues or less?
Or should we endeavor to eliminate waste and shrink the size of government in order to eliminate tax on an even greater percentage of Americans?
On AI, he makes a powerful case for more jobs, in fact a labor shortage, due to growth driven by increases in AI-driven productivity.
A must listen.
The interview begins at 18:33.