Efficient Capital Allocation: How Private Enterprise Drives Innovation and Problem-Solving

You stopped needing it for you millions and millions ago right And so you do it just because you love the game What I do think and the reason that like that solution is because Elon Musk said this but private enterprise is ten times as efficient a capital allocation compared to the government So every dollar that private enterprise spends it's ten times more efficient And so it is like if we were to death tax a hundred percent So whatever you accumulate while you're alive it just goes back And the thing is it's not that it would go back into the system through the government It would if you were lazy But most people knowing the government was going to take it the less efficient vehicle at the end of your life you would then start thinking about how can I allocate this money efficiently And so I think happen is you'd create far more ingenuity and innovation around social enterprise before they died Solving problems Knowing that the wealth would eventually disappear So it's more there's this backstop that no one wants to hit And so I think what would happen is they would change their behavior before hitting the backstop I a lot of people dumping their billion to the government