Hoffman: Protecting the rule of law is a political red line, not taxes
Reid Hoffman · In conversation with Reid Hoffman & Robert F. Kennedy Jr. · Aug 30, 2024 · at 1:09:32
Venture capitalist Reid Hoffman explains to David Sachs why he prioritizes institutional stability and the rule of law over lower capital gains taxes when backing political candidates.
0:00 / 0:27exact quote · 27.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We can navigate a higher tax rate. It'll be less fast on growth and everything else, but we can still invest, create businesses, you know, et cetera. But we can't do it with You know, kind of a corroding the rule of law, right? Like, you know, I think both David, both you and Chamath spoke out against the January six stuff. I'm curious where you're on that now. It's still top of mind for me. That's the reason why the kind of the rule of law thing is my red line, not a tax policy.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Reid Hoffman
Elon Musk's lawsuits against OpenAI are driven by sour grapes
“Frankly, I think probably the most charitable thing to say is sour grapes because, you know, for example, I know Sam offered him as much of the investment round as he wanted. Right? Like, he could have done the whole thing. He could have let it. You know, it w…”
Synthetic data will make individual media training data irrelevant
“Don't try to hold out for money on the training side of things, because, you know, we're going to create synthetic data, we're going to do all kinds of other things that are going to mean that no one's particular data is really going to matter.”
Hoffman: FTC blocking tech M&A quells venture capital investment
“Her theory is you gotta prevent the aggregation of power, so you gotta fight every acquisition of note. And the problem, of course, is that actually quells venture capital investment.”
Hoffman funded ads highlighting RFK Jr.'s anti-vax stance to hurt Trump
“My thing was actually, in fact, making people aware of RFK's anti-vax, you know, statement, his anti-science stuff, because I thought that would be relevant in the polls in November. That, that was the actual strategy that, that I believe, and I think that wou…”
Reid Hoffman calls proposed unrealized capital gains tax definitely stupid
“Look, I think it's definitely a quelling impact, and it's definitely stupid, and definitely shouldn't happen.”
Reid Hoffman funded E. Jean Carroll's civil lawsuit against Donald Trump
“What I funded was an ability to have, you know, kind of a woman who doesn't have power, who's being threatened by a rich man with a lot of money and power to try to silence her, to have her day in court where 12 everyday Americans, right, can come to a judgmen…”