All the crap you never needed

October 24 2025 CA Wealth Tax SEIU filed a ballot initiative - direct to voter vote - introduce 5% of net worth for Billionaires - 1 time payment to state of CA Even if it doesn’t pass, they will use this as bait to catch the people who oppose it and target them in the next election cycle This is why JCal left CA for Texas just in time They are already trying to pass Prop 55 - for people making more than a million dollars Voters will just agree to hurt the 200 californians - draw a bright line between these 200 and the others Eventually most of the entrepreneurs will leave No one will educate the people that we have a $300B budget, most of which is waste They are doing this mainly to fund pension programs, etc Devious people have drafted this - Roth IRAs over $10M are also not exempt (even if you paid tax up front) We all know this won’t be a 1 time thing - if its to plug a deficit, they will run deficits every year They have no incentive to fix their mismanagement if th...

 October 23 2025 He likes Chevrolet Stingray New book/audiobook Was a boy scout Build Back Better opposition Had death threats from people in his own party (Democrats) Explains reason for filibuster, senate majority requirement of 60 votes vs House simple majority model (hot cup of tea → cool down) Reconciliation (simple majority) vs Cloture (60 votes) ARP was going to add 1.9T to 2020 3.2T stimulus He refused to listen to the President - Democrat pressure was so high their death threats became serious - threats to his children and grandchildren - kayaks came to attack him, it was climate people - they were all organized and paid - you could sign up and get $15/hr Claims Ron Klein pushed Biden far left - Biden had a hard time dealing with his staff - that’s where his age hurt him, not so much that he was demented or old, etc Democrats want to remove the filibuster? Harry Reid wanted to do something like this Reverse happened to them with Supreme Court going 6-3 agai...

The All-In Podcast E247: Key Insights From October 17, 2025 Dreamforce Dinner Drama & San Francisco's Changing Landscape The recent Dreamforce conference sparked controversy when the SF Standard criticized Marc Benioff for his conversations with David Sacks. What began as an innocent dinner became fodder for media speculation, highlighting the ongoing tension between tech leaders and local press in the Bay Area. Benioff found himself in another controversy after making an off-hand comment about deploying the National Guard to San Francisco—a remark that was quickly blown out of proportion by media outlets. Despite the negative press, San Francisco has actually made significant progress in addressing its long-standing issues: Crime rates have decreased 30% citywide and 40% downtown All tent encampments have been cleared The police department has experienced a net gain in officers for the first time in years Conviction rates have improved Deportation of Honduran national...

All In Interview - Andrew Ross Sorkin - October 16 2025 America’s consumer credit boom began in the 1920s. Automakers and appliance companies normalized buying on credit, underwriting was lax, and stocks surged 48% in 1928. With few rules and no SEC, corporations even lent off their balance sheets so people could buy equities. The era’s heroes, from RCA to industrial titans like John Raskob, created a social pressure to speculate. The technology shift to radio amplified the fever. As ever, innovation rode alongside speculation. Regulatory guardrails arrived only after the crash. The Glass–Steagall framework later separated commercial and investment banking and created the FDIC. That regime wasn’t only about consumer protection. It also corralled the “800‑lb gorilla” of universal banking to reduce systemic risk. Personalities mattered. Charlie Mitchell, the Jamie Dimon of his day and a NY Fed power broker, pushed for easier money. Senator Carter Glass, more akin to today’s populist skep...

October 10 2025 BG is back!!!!! 👏 I. The "Moonshot Presidency" Agenda: Geopolitics and Domestic Policy The "Moonshot Presidency" involves high-risk, high-reward efforts across multiple fronts, including China, AI, re-industrialization, India, Pakistan, Ukraine/Russia, and the Middle East. A. Geopolitical Success: The Middle East Peace Deal Gaza Peace Deal Details: ◦ President Trump announced the first phase of a multi-stage peace deal between Israel and Hamas, notably two years after the October 7th attacks. ◦ The deal is based on Trump's 20-point peace plan . ◦ Phase 1 Components: Includes a ceasefire, unrestricted aid into Gaza, release of all remaining Israeli hostages, release of 2,000 Palestinian prisoners by Israel, and the start of troop withdrawal. Diplomacy and Brokerage: ◦ The deal is seen as a "big breakthrough" and a "big accomplishment". ◦ President Trump demonstrated "a degree of will unlike any other presid...

October 3 2025 Push up challenge EA going private $55B Silver Lake, Saudi PIF, Kushner’s Affinity Partners Games are huge - 3B DAU IP creators (EA, etc) vs Gatekeepers (Microsoft, XBOX, Playstation, etc) This is a huge asset - probably bigger than social media - but creators don’t win enough AI will accrue to video game entertainment much more than social media or traditional media engagement - this is one view - and could explain part of the thesis for this deal (at least in potential) Deflationary effects of AI will give people more free time - so general market for entertainment will grow - Gaming is a huge part of entertainment Saudis are going big after gaming - chunks of blizzard, take2, etc - and whole games/companies, etc Why is PE becoming so large? When too much money goes in, returns compress Distributions on Paid in Capital - DPI is more important than IRR - this has been less in PE recently - so money will leave this asset class SPAC 2.0 Traditional IPO...

  All In Interview - Congressman Ro Khanna: October 2 2025 4th time on the pod H1B There is abuse Disagrees with 100K fee and Trump’s tactics - but agrees with direction Hurts startups Calls out TCS, Cognizant, etc Need Chinese AI talent Supports faster green card approvals for talented folks Companies will just offshore the jobs to their overseas HQs TDS Acknowledges Biden administration border controls (lack of) Disagrees with Trump asylum shutdown Agrees with Trump on prescription drug issue Democrats need to call balls and strikes like Ro Both sides need to tone down hateful rhetoric Tech leaving the Democrats 95/100 tech were all Democrats (even Chamath) Biden administration looked at SV as money machine - it was instead about culture Trump shows he can act - he listened at the dinner and then for example helped push back on EU pressure on Google But does he listen to everyone? Doesn’t seem to be working with tariffs Economic patriotism Need to dou...