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Article author and source: 0x9999in1, ME News
In the latest episode of the "All-In Podcast," four billionaire tech moguls—Jason Calacanis, Chamath Palihapitiya, David Friedberg, and David Sacks—engaged in a heated discussion about political, economic, and technological trends in 2026. They unanimously agreed that California's proposed wealth tax would trigger a massive exodus of the wealthy, with hundreds of billions of dollars already moving to states like Texas, potentially resulting in the loss of more than half of California's taxable wealth. The proposal is likely to be voted on, but its chances of passing are low.
In terms of business forecasts, they are optimistic about Huawei's chip breakthrough, Polymarket's predicted market boom, the surge in copper and key metal prices, the return of IPOs to their peak, and Amazon's profit leap through robotic automation.
Conversely, traditional SaaS software, state government finances, the California business environment, and entry-level jobs for young white-collar workers will be replaced by AI or face serious challenges. Politically, they believe that the "Trump boom" will boost GDP by 5-6%, with tax cuts, interest rate reductions, and AI productivity creating strong growth momentum, while Democratic centrists, the tech industry, and the traditional Monroe Doctrine will be the biggest losers.
