Every major economy is trying to ditch Visa & MasterCard (youtube.com)
In Austin, Texas, the population has like doubled in a decade, but the price of a home has gone down. 'If you let people bulid, you won't have [the] problem [of high prices]' said Sacks. Republican towns, while Democrats say they care about people and housing but do nothing for people.
In NY under Mamdami, they're going to do a 3.5% or something tax on second etc homes over $5m (all homes in NY within 15km of the center might be worth around there, some say, but I'm not sure about that, and this is in addition to the property taxes they already pay), so if Ken Griffin owns a penthouse and it's just one guy owning it it doesn't affect NY's economics much, but if you do a tax and all the billionaires in the world decide not to park there money in NY, it might effect it, said Sacks.