The Metaverse, Virtual Reality, Taxes, ALL of the Taxes, An Evergrande Crisis Update, Nate's BlockFI Update, and Does The SEC Consider Cryptocurrencies Securities

I'd Rather Be Right with Luc & Nate

English - October 13, 2021 09:00 - 1 hour - 55.6 MB - ★★★★★ - 1 rating
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Previous Episode: Ethereum, Solana, NFTs, Who Understands Bitcoin, Seeking Truth and Trustworthy Sources, Vaccine Mandates & Executive Orders, Woolly Mammoth, and The Joys of Lab Grown Meat

Next Episode: Raising Mentally Healthy Kids, Roger Murtaugh Moments, the Global Energy Crisis, Complex Systems, the Threat of Nuclear Annihilation, Globalization, and the Border

First, one of Luc's introduction jokes about the metaverse leads to a small but interesting conversation about virtual reality.

Then it's onto the main topic of the episode. This is a deep dive into taxes, ALL of them. It starts with a discussion on eliminating the stepped-up basis and taxing unrealized gains. This leads to a discussion on a possible wealth tax, the current state of the estate tax, gift tax, income tax, and how they all relate to wealth inequality.

We also have a discussion on the current state of corporate income tax and the benefits of using taxes to incentivize or disincentivize certain behavior. This includes a discussion about a tax based on mileage driven instead of a gas tax.

We have a quick update on Evergrande (and a bonus update at the very end of the podcast).

We finish out with some Bitcoin and cryptocurrencies issues including an update by Nate on the Bitcoin he has in BlockFi, Coinbase creating a lending platform, and which cryptocurrencies the SEC considers securities.

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