High Signal Podcasts Evidence ledger
Method
Browse

Public evidence record

Larry Summers

Published podcast speaker

Claims
15
Episodes
1
Shows
1
Named items
0

Claim ledger

What Larry said.

4 transcript-backed records

02 / evaluation

There’s a fair amount of what’s really capital income in the form of unrealized capital gains that never gets taxed. So I think the right aggregate capital income tax rate is closer to what would go with a comprehensive income tax than it is to the alternative idea that capital income taxation is just a way of taxing future consumption, and therefore you should tax future consumption and present consumption at the same rate and the tax rate should be zero.

“There’s a fair amount of what’s really capital income in the form of unrealized capital gains that never gets taxed. So I think the right aggregate capital income tax rate is closer to what would go with a comprehensive income tax than it is to the alternative idea that capital income taxation is just a way of taxing future consumption, and therefore you should tax future consumption and present consumption at the same rate and the tax rate should be zero.”
Speaker
Larry Summers
Publisher
Conversations with Tyler

03 / evaluation

I think, secondarily, the factors we were referring to a few moments ago, having to do with the reductions in workers’ leverage and bargaining power, means that a degree of tightness in labor markets that would in an earlier point have set off a wage spiral, no longer sets off a wage spiral because of how nervous workers are.

“I think, secondarily, the factors we were referring to a few moments ago, having to do with the reductions in workers’ leverage and bargaining power, means that a degree of tightness in labor markets that would in an earlier point have set off a wage spiral, no longer sets off a wage spiral because of how nervous workers are.”
Speaker
Larry Summers
Publisher
Conversations with Tyler

04 / evaluation

I don’t know where Ethereum is going. It makes me nervous whenever I see an asset where I think most of the demanders are buying it in the anticipation of selling it to somebody else at a higher price rather than buying it in the anticipation of some use they’ll put it to or some set of cash flows they’ll receive.

“I don’t know where Ethereum is going. It makes me nervous whenever I see an asset where I think most of the demanders are buying it in the anticipation of selling it to somebody else at a higher price rather than buying it in the anticipation of some use they’ll put it to or some set of cash flows they’ll receive.”
Speaker
Larry Summers
Publisher
Conversations with Tyler
Search evidence