Mar 5, 2021 · Episode 184

Google ad track changes, implosions for the entertainment industry and Square buys Tidal

2 predictions · 2–0 · 100% accuracy

Scott's predictions2

An annual federal wealth tax, such as the one proposed by Senator Elizabeth Warren, will not be enacted in the United States.
“I don't think it happens because if you look at the history of wealth taxes, if they're annual, they'd end up not working because very smart, talented billionaires are the most mobile people in the world.”
Politics · Checkable · by Mar 5, 2022 (inferred)
Came trueResolved Mar 5, 2022
There will be growing public and political discussion of a new kind of tax—what Scott calls a 'value accretion tax'—that would require wealthy individuals and entrepreneurs to pay taxes to the state where they built their wealth, even after relocating to lower-tax states.
“So I think the more interesting conversation we're gonna start to have is some sort of what I'll call value accretion tax. And that is, you can't do an Elon Musk and add the GDP of Hungary to your net worth and leverage the town of Alameda, leverage the incredible innovation that the Bay Area brings, leverage again, Cal State, University of California, and then all of a sudden decide you got a hankering for Texas.”
Politics · Judgment call · by Mar 5, 2022 (inferred)
Came trueResolved Mar 24, 2021