BG2 Thanksgiving Roundtable: DOGE, EV Tax Credit, Tariffs, Conspiracy Theories, Invest America
Episode publishedPodcast: BG2Pod with Brad Gerstner and...BG2Pod with Brad Gerstner and Bill Gurley
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I would much rather see us use a gas tax than a EV credit. An EV credit costs the government money. You just spoke about us not, having a balanced budget. A increased gas tax would actually bring in income. And Bill, don't
don't suggest that to governor Newsom. We already have the highest gas tax in the country. Hey, Bill. How are
you doing, sir?
I'm doing great. So, as you know, we were gonna do a pod with Satcha this week, but we wanted to make sure that we got a full 90 minutes with him, so we bumped it back to December 10th. And so I thought we'd kick in and do something a little bit different here today. It's a holiday week. We got Thanksgiving on Thursday. So you came up with this idea, which I love. We're gonna ping pong back and forth a few issues that are top of mind for us, things we're thinking about as we head into Thanksgiving. It's less of a deep dive, I suppose, and more just our initial thoughts or additional thoughts a
I've been thinking thinking a lot about China, and and and we've talked about it some on the podcast. There is a lot of articles out today, about a big Huawei event. There's a Feet one that we'll put in the notes, but but there are others you could just search, you know, and and see. And Huawei has released a phone they call the mate 70, and it's bigger and faster than everyone thought it would be. It doesn't use Android. So it's their first non Android mobile OS. And the part that everyone's really freaking out about and trying to understand is what chip technology is underneath it. The the t
My one thought about that is we gotta focus on our own race. We gotta make ourselves as great as we can possibly be and run as fast as we possibly can. And, you know, while I don't think we ought to, be naive as to the intentions of China, at the same time, I think an idea that we can totally decouple from the 2nd largest economy in the world is one that's probably not wise. And I totally agree with you that we don't wanna do anything that causes us to believe that we don't have to, have our economic and innovative engine, moving at the fastest rate possible. So that that's a good one. Alright
What's your first one?
So in the spirit of Thanksgiving, Bill, I I I came up with 5 things that I'm thankful for. Number 1, I'm thankful for Doge and the once in a generation opportunity to balance the budget. We've talked about this in our friend group for a long time, but a $38,000,000,000,000 debt and a $2,000,000,000,000 deficit, frankly, is just unconscionable as a burden to pass on to our kids. You know, the spirit of the 250 year history of America has really about making sacrifices today in order to create a better tomorrow for future generations. But today, we're doing the exact opposite. We're levering up
One encouraging data point would would if you would just be the Argentina situation. So everybody's raving about the the LEC podcast with Malay, which I I once again thought was amazing. But if you look at the Argentinian ETF, ARGT, it's up 60% year to date, 65, which suggests the optimism around Argentina's economy has has reversed, you know, from where it was. And I you know, that's fantastic. And I think it it speaks to the doability, of Doge. Yep.
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