OpenAI's Identity Crisis, Datacenter Wars, Market Up on Iran News, Mamdani's First Tax, Swalwell Out

**Jason Calacanis** (0:00)
All right, everybody, welcome back to the number one podcast in the world. We've got the core four here, and dare I say...

**Chamath Palihapitiya** (0:09)
The King of Adams.

**Jason Calacanis** (0:10)
The King of Adams, yes.
Captain Travis Kalanick is here. How are you doing, brother?

**Travis Kalanick** (0:16)
I'm pretty good. Pretty good. I'm sitting here doing the podcast just next door to David.

**Jason Calacanis** (0:22)
Ah, yes. There you go.

**David Sacks** (0:24)
Don't reveal our locations.

**Jason Calacanis** (0:25)
Please don't, Doc.

**Travis Kalanick** (0:26)
I didn't put my address out there, dude.

**David Sacks** (0:28)
No, that's true.

**Jason Calacanis** (0:29)
Don't worry, Mondami did. He's outside your houses right now, asking them to foreclose on him.

**David Sacks** (0:34)
Oh, he's trying to collect 3.9% or something?

**Jason Calacanis** (0:36)
Yeah. They decided there's no rich people left in New York, so he's looking for other cities to tax.

**Chamath Palihapitiya** (0:42)
Is it 3.9% a year? Is it per year?

**David Sacks** (0:45)
I don't know if the percentage has been released yet, but the speculation I've seen is 3.9%, but I don't think that's final. But yeah, it's a piada tax, so if you have a second home, yeah, every year.

**Chamath Palihapitiya** (0:56)
Wow.

**Jason Calacanis** (0:57)
By the way, it's for any home over 5 million.
There's no homes under 5 million in Manhattan. This is not a rich person tax. This is within 15 miles of midtown Manhattan, you're paying an extra tax.

**David Sacks** (1:12)
But Jay Cal, only if it's a piada tax. What it means is that the most elastic part of the market is what they're targeting for this tax. In other words, people who don't live in New York, who just have it as a second or third home, who could buy that property anywhere, are now being taxed the most. What do you think that's going to do? It's going to have a massive impact on demand for second homes in New York, which will crash the whole market.

**Jason Calacanis** (1:39)
Yes. Congratulations, Mamdani.

**Chamath Palihapitiya** (1:41)
But in a weird way, that will be good for housing affordability in New York.

**David Sacks** (1:44)
Well, that's the claim, but I don't think it'll be good for it because there'll be no incentive to build more.

**Chamath Palihapitiya** (1:50)
Yeah.

**Jason Calacanis** (1:52)
All units matter. Every time you add units, people upgrade and it's not like these are going to be low income housing, like penthouse on 57th Street or in Gramercy. That's not low income housing. You'd have to break it into seven units. Makes no sense. But by the way, I don't know if you guys saw the video, not to get too serious, but he's doxing a certain billionaire who owns a certain place and he's literally pointing at his home.

**Chamath Palihapitiya** (2:16)
No, I said that to you, Jason. He's not doxing because everybody's known for years that Ken Griffin bought that place. Everybody knows that address. Everybody knows that unit. We all knew it. It was marketed widely. I don't think that's really doxing. He doesn't live there and everybody knew he owned it. It would be very different if it was a place where somebody was keeping their primary residence and you didn't know and they stood in front of the house. That I would agree with you. I think this one is a little bit more tenuous.

**Jason Calacanis** (2:40)
Okay, fair enough. But what I will tell you is, it's a dog whistle.
Crazy people, and this thing has been seen by 30, 40, 50 million people now. It's a dog whistle to say, that's the next United Health Care CEO. And in the week that a fire, a Molotov cocktail and a bullet gets shot into Sam Altman's house, it's deadly serious. And if you reverse it, I always reverse it. What if a Republican sat outside of Bernie Sanders' second or third home and said, this is his summer home, we should add taxes to it. I'm sure you could look up Bernie Sanders' home pretty easily. So just before you point at people's homes and say, this is the villain, be careful folks, because then if something does happen to that person, like, you know, what happened to Sam Altman this week, you can feel however you want about him, but nobody deserves to have their house fire bombed or shot at, period, full stop.

**David Sacks** (3:34)
I just think that it's going to kill the demand for, you know, maybe people already have a home in New York like Ken Griffin. They probably are just going to suck it up and pay the tax and keep whatever they have. But if you were a person who is thinking about buying a Piatta Terra in New York, there's no way you would do it now.