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chamath's profile
Chamath Palihapitiya
Chamath Palihapitiya
Chamath Palihapitiya
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@chamath

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Chamath PalihapitiyaVerified account

@chamath

CEO @SocialCapital Chairman @VirginGalactic Owner @Warriors Bestie @theallinpod 🇱🇰/🇨🇦/🇺🇸

Palo Alto, CA
socialcapital.com
Joined April 2007

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    Chamath Palihapitiya‏Verified account @chamath Mar 25

    Here is something I learned today: 1. 1979 was peak inflation. It was also when the gap between rich and poor was the smallest. 2. It was preceded by a big wealth inequality b/w rich and poor like today. 3. Solution started in late 1960s with LBJs war on poverty.

    5:31 PM - 25 Mar 2021
    • 957 Retweets
    • 6,798 Likes
    • Marko Skenderović Berndoht Dilantha Yapa Erica Martin Setiawan Wasii Andaram Shibu Kinatukara Sarah セラ
    1,308 replies 957 retweets 6,798 likes
      1. New conversation
      2. Chamath Palihapitiya‏Verified account @chamath Mar 25

        4. By investing aggressively in infrastructure, social programs and an economic safety net he evened the starting line. 5. As “poor” started to earn more, they spent more, driving commodities and inflation. 6. The “rich” did less well because financial assets were worth less.

        71 replies 92 retweets 1,520 likes
        Show this thread
      3. Chamath Palihapitiya‏Verified account @chamath Mar 25

        7. Gap between “rich” and “poor” closed aggressively. 8. Big realization for me is government spending leads the way not private/capital markets. 9. In last month we’ve decided to spend $1.9T + $3T!!

        81 replies 107 retweets 1,613 likes
        Show this thread
      4. Chamath Palihapitiya‏Verified account @chamath Mar 25

        Fast forward to today and the same situation is at hand. Is Biden a quasi LBJ? Will he spend aggressively enough? Early data seems to indicate so. And that these initiatives will help “poor” more than the “rich”. If inflation comes back, inequality gap will shrink.

        212 replies 123 retweets 2,022 likes
        Show this thread
      5. Chamath Palihapitiya‏Verified account @chamath Mar 25

        It may also be an effective way for Dems to guarantee winning the House + Senate in the midterms in 2022. He who spends will win. So buckle up. More money is likely coming. Inflation is probably coming, too. But less inequality will also come with it. 🌈 #TheMoreYouKnow

        865 replies 240 retweets 4,232 likes
        Show this thread
      6. End of conversation
      1. Jay‏ @FitJayC Mar 25
        Replying to @chamath

        $CLOV LFG.

        5 replies 0 retweets 69 likes
        Thanks. Twitter will use this to make your timeline better. Undo
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      1. New conversation
      2. Umair Malik‏ @umairspacemalik Mar 25
        Replying to @chamath

        Yd you sell SPCE??

        1 reply 0 retweets 3 likes
      3. Yanael‏ @Atanael1988 Mar 26
        Replying to @umairspacemalik

        Too much co￳ncentration is the only real issue imo as I said.pic.twitter.com/P5QtR0qqyP

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. The Masked Investor‏ @TheMaskInvestor Mar 25
        Replying to @chamath

        I’m going to tell my kids this is youpic.twitter.com/O56BZ58Kve

        3 replies 0 retweets 125 likes
      3. Chris Pantages‏ @chrispantages Mar 25
        Replying to @TheMaskInvestor @chamath

        In one of Chamath’s podcasts, he has a story of going to some Hollywood party and a blondie chatting him up, asking for a photo, and then telling him how much she likes him on Parks & Rev.

        2 replies 0 retweets 41 likes
      4. Show replies

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