Molly O’Shea(@MollySOShea):David @friedberg says we need to close tax loopholes: "Literally everyone's going to hate me over this, but it's the only way." "Any time there's a loophole that lets people transfer one asset for another without paying tax on the gain, because it's called a tax-free transfer, you have to cut all that." "If you don't cut all that, then people are compounding value without paying taxes when they're realizing value along the way." "That's what's unfair about the tax code today. If you invest in a company, a startup, and it goes well, it's not really fair for you to take the money you just made in that startup and not pay your tax and go buy another stock and keep growing your value." "And for the inheritance tax, there should be a step-up." "People don't realize this, but this is another problem, which is if you die and you have a large asset base, your inheritors get to use the original, the value transfers, and they get the step-up on their basis." "So now when they ultimately sell, no one paid the delta between what you paid and what they got it at. No one paid that tax." "But none of it matters if we don't stop the wasteful spending on housing, education, and healthcare."

2026.07.23 14:08

David @friedberg says we need to close tax loopholes: "Literally everyone's going to hate me over this, but it's the only way." "Any time there's a loophole that lets people transfer one asset for another without paying tax on the gain, because it's called a tax-free transfer, you have to cut all that." "If you don't cut all that, then people are compounding value without paying taxes when they're realizing value along the way." "That's what's unfair about the tax code today. If you invest in a company, a startup, and it goes well, it's not really fair for you to take the money you just made in that startup and not pay your tax and go buy another stock and keep growing your value." "And for the inheritance tax, there should be a step-up." "People don't realize this, but this is another problem, which is if you die and you have a large asset base, your inheritors get to use the original, the value transfers, and they get the step-up on their basis." "So now when they ultimately sell, no one paid the delta between what you paid and what they got it at. No one paid that tax." "But none of it matters if we don't stop the wasteful spending on housing, education, and healthcare."

Molly O’Shea@MollySOShea

2026.07.22 13:36

BREAKING: David @friedberg on America vs Socialism FULL INTERVIEW Exposing the underlying problems no one wants to talk about. How the bottom 50% got left behind. "I don't blame Americans for finding themselves in the situation that they're in. I blame the bad policy that brought us to this moment." "Americans should feel good about America. We just have to fix the policies." "This can't just be a CCP psyop. It's coming from a place of hurt, of turmoil, of fundamental struggle." "I'm saying everyone is right, but we need to be honest about what has happened to get us here & what the right path is to get us out of it." We cover: › Real wealth data: $183T total US net worth, $8T held by billionaires, $4T by the bottom 50% › The 1982 Social Security mistake that cost the bottom 50% an extra $37 trillion (vs bankrupt !!!) › Why capital gains & labor taxes should reverse › Wealth tax as asset seizure › Invest America for Children, a 401(k) from birth, & flipping Social Security into equities › Joe Lonsdale: paying taxes that actually work 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) David Friedberg, CEO at Ohalo Genetics & Co-Host at All-In (01:11) Is California functionally bankrupt? (02:28) The real reason Americans can't afford anything anymore (12:13) Why a wealth tax is really government theft (21:22) Why blaming billionaires is a political strategy, not a solution (25:33) How Socialism grows like a virus (30:40) Inside Trump Accounts: a 401(k) for every American (34:22) Why rational arguments can't compete with viral outrage (40:56) Jeff Bezos's radical fix for the wealth gap (45:47) 5 years till Social Security is bankrupt (46:35) Is AI actually coming for your job? (50:29) The K-shaped economy (55:39) Five things America needs to fix to survive (59:21) David's research process (1:02:54) "It's about making Americans feel good again"