‘No one’s ever made money betting against Musk.'

Most people said they'd abolish the IRS if they could eliminate just one thing. Just give us a flat tax. People very flexible in amount of tax they were willing to pay. Then, people can spend all their time thinking about how to build, not about tax optimization or how to account for it.

Regulations means it costs $7k for someone to become a hairdresser in the US (or is it just California?), so this person might be paying 30% of their income just in regulations. It might cost $15k to get the regulations and paperwork to redo a bathroom in a house when it needs it. Removing that would unlock value for everyone, some theorize. ... And it can take 6 or 8 weeks to get the regulatory paperwork approved.

Maybe the reason Big Tech is such a large part of the US economy is that they are one of the only barely-regulated industries.